Maya Angelou, the African-American poet who is one of the most influential and respected literary voices of the modern age, has written a poem praising Hillary Clinton’s presidential campaign for The Observer.
Angelou, author of an autobiographical series of books, including the international bestseller I Know Why the Caged Bird Sings, was moved to send the verse after being asked by the newspaper for her reflections on Clinton.
She is supporting Clinton despite her close friendship with television personality and philanthropist Oprah Winfrey, a prominent backer of rival Democrat Barack Obama, the first black presidential hopeful with a real chance of reaching the White House.
Angelou is steadfast in her loyalty to Clinton. She said recently: ‘I made up my mind 15 years ago that if she ever ran for office I’d be on her wagon. My only difficulty with Senator Obama is that I believe in going out with who I went in with.’
This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.
Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.
On Monday, two men with considerable responsibility for enabling the banking meltdown confronted the error of their ways. Not directly, of course, for accountability is hardly the mark of either Lawrence Summers, the top White House economic adviser, or Treasury Secretary Timothy Geithner.
Their careers have long been fueled by error. Summers was one of the leading prophets of radical financial deregulation in the Clinton administration. And Geithner, as head of the New York Fed, looked the other way during Wall Street’s collapse and then responded by opening wide the spigot of taxpayer dollars to resuscitate Citigroup and AIG.
What they wrote this week in a joint Op-Ed article in The Washington Post is a condemnation of the Wall Street shenanigans they once abetted and celebrated. I hope their apparent sudden conversion to common sense indicates the seriousness of the banking regulation plan that President Obama will present to Congress today.
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