When Congress Becomes a Subsidiary of Corporations, Democracy and the Free Market are Dead and Burie

[babsbunny]

When Congress Becomes a Subsidiary of Corporations, Democracy and the Free Market are Dead and Buried

http://blog.buzzflash.com/editorblog/326

Submitted by mark karlin on Fri, 06/18/2010 - 2:00pm.

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There is no doubt that the biggest political disappointment this year for BuzzFlash is how a candidate who promised "change" from the corporatist stranglehold over D.C. turned into a President who believes that corporate rule is beneficial to America, even as he presides over the destruction that such corrupt corporate control of our Capitol leaves in its wake.

Reagan, the two Bushes and Cheney may have planted the booby traps that blew up our nation's economy, destroyed its environment and mired us in war, but Obama continually looks to those global corporations and financial firms who have caused our catastrophic problems to resolve them. The late David Halberstram wrote about how the "best and the brightest" (Ivy League grads, primarily, but toss in the University of Chicago and Stanford types too) were the ones who steered us into the Vietnam War without an exit plan. Obama appears to believe in the elitist notion that if you are at the head of an immense enterprise, it is because of merit.

[fascisthunter]

1. too many are benefiting from it

for now.... each one is a sucker

[elehhhhna]

2. the watchdogs became lapdogs many years ago.

[bvar22]

3. K&R, but there is a glaring omission.

The author states:

"Reagan, the two Bushes and Cheney may have planted the booby traps that blew up our nation's economy, destroyed its environment and mired us in war, but Obama continually looks to those global corporations and financial firms who have caused our catastrophic problems to resolve them."

Bill Clinton with the "Centrist" Democrats of the 90s planted some of the biggest bombs that blew up our economy.
NAFTA, GATT, MFN for China, Telecommunications consolidation, but the MOST powerful bomb planted during the Clinton years was the Repeal of Glass-Steagal.

I find it curious that the author is willing to attack Obama for his Corporate Friendliness and Anti-Working Class predilections, and he correctly names Reagan and the two Bushes, but the omission of the contributions by Clinton and the Anti-Working Class Democrats of the 90s is glaring.

[Laelth]

4. Spot on. Well said. n/t

:dem:

-Laelth

[Foo Fighter]

5. Yep. That's the first thing that jumped out at me too. n/t