Jan 25 2012

Obama State of the Union “subverts New Deal” says Stein

Source: Jill Stein for President

Jill Stein, Green Party presidential candidate, called today for a Green New Deal to counter the “trickle down economic agenda” laid out by President Obama last night in his State of the Union address. Stein plans to release her alternative at 8:30pm Eastern Time in a “People’s State of the Union: A Green New Deal for America” that will be given via her campaign website: http://www.JillStein.org

After viewing President Obama’s address, Stein commented that “It is startling how the candidate who four years ago promised to be an agent of change has morphed into the candidate of more of the same. The key features of the President’s State of the Union address were drawn from the centrist Republican agenda. He’s glorifying militarism, calling for more business tax cuts, promoting offshore oil drilling and hydrofracking, pushing trillions in cuts to discretionary Federal spending, promising cuts to Social Security and Medicare, and putting American workers into a struggle for survival in a global economy dominated by big corporations.”

“The President has subverted the progressive ideals of the New Deal. He’s imposing his vision of a ‘grand bargain’ that represents the effective philosophical merger of the Democratic and Republican parties. ”

“The President presented a rosy picture of the current state of the economy by tossing out a few anecdotes and cherry-picked statistics. He seemed almost oblivious to recent news that 48% of Americans are living in poverty or near poverty, the greatest number in 50 years of record keeping. If he thinks things are going so well, maybe that’s why he sees no reason to change course.”

“America needs to go in a new direction. We are calling for a Green New Deal that would decisively end high unemployment and make a massive investment in solar, wind, energy efficiency and mass transit. We reject the President’s assertion that “all of the above” is the right answer when it comes to energy. We need to wean ourselves from the fossil fuels that pollute our land and water, motivate wars for oil, and which are pushing us to a climate catastrophe.”

“An honest analysis shows that most of the president’s proposed solutions are just band-aids on the status quo and do not represent a serious attempt to end the crises we face. His mortgage foreclosure reforms will reach only a tiny fraction of homeowners in crisis. And his proposed commission to investigate bank fraud is hamstrung from the outset by the packing of the commission with big bank-friendly regulators. Furthermore it ignores the enormous inequity and economic damage that Wall Street does without committing prosecutable fraud. Contrast that with the Green New Deal that would impose an immediate moratorium on home foreclosures, would write down the principals of inflated mortgages to market rates, and would break up the big banks that caused this crisis and replace them with decentralized and democratized financial institutions.”

Regarding education, Stein noted that “Obama’s plan for the student loan crisis basically preserves the status quo. His solution is to keep interest rates the same and to cut Federal funding to colleges that are in financial crisis. The Green New Deal would end the crisis by taking over the student debt and implementing tuition-free higher education.”

“America needs decisive action to get us out of the current economic slump. Most of all we need jobs — tens of millions of them — not the puny numbers that will result from President Obama’s attempts at top-down stimulus. The unemployment office needs to become the employment office. The bold actions that worked to end the Great Depression can work again. The tax giveaways and corporate welfare that the President advocates are inefficient, take too long, and don’t create the right type of jobs in the places where they are most needed. We can and must do better.”

“This election is a turning point. We can continue with the failing corporate-serving philosophy represented by Barack Obama, Mitt Romney, and the other establishment politicians. Or we can stand up for a rededication of our nation to the public interest. As I have traveled around the nation in the past two months, I’ve found that people are hungry for real change and are excited to see something like the Green New Deal put on the table.”

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