There is something catastrophically wrong with the current Democratic administration. They've sided with banks over homeowners, with corporations over unions and sided with health insurance companies over patients and providers and the term that comes to mind is Trojan Horse. I see an administration that runs for office with Democratic platitudes and once elected picks up where the last administration left off.
Think I'm crazy? Well, dig this!
"The U.S. Chamber of Commerce, citing the threat of a double-dip recession, is asking President Barack Obama to curb new regulations and sell some government-owned resources to raise revenue.
Oh, but that's just the Chamber of Commerce.
Bloomberg- "Wealthier Americans stand to gain from an election-year fight over extending trillions of dollars in tax cuts enacted under former President George W. Bush.
"The cost of continuing the tax cuts for the most prosperous Americans would be about $55 billion for one year. By contrast, Democrats and Republicans have battled for months over extending aid to the long-term unemployed, with a $34 billion price tag.
"'Anybody who wants to obstruct right now is in paradise,' Senator Ron Wyden, an Oregon Democrat, said in an interview yesterday."
Wyden also said that a short-term extension (of tax cuts) arising out of brinkmanship was possible, though it would be a hard sell to Democrats who "don't want to ratify another round of Bush tax cuts" that they have long opposed.
Hide and watch, the Bush tax cuts will live again.
I believe that capitalism is an engine but an engine without a governor will tear itself to pieces. Not sometimes, but every time.
I believe that government's role in our lives is to protect and maintain our financial wellbeing. Throwing the weakest and the poorest to the wolves in financial hard times to protect the deficit is an abomination. It is indecent and unforgivable and smacks of fascism.
So it seems the question of belief in capitalism is really a question of belief in America's two party system. Capitalism worked fine in the 40s, 50s and 60s until Republicans deregulated it and Democrats decided that "Me Too" was a good campaign platform. We are in deep, deep trouble and a Democratic administration that thinks the way out is through centrist policies and accommodation with the other side is either delusional or a fraud.
"We of the Republic pledged ourselves to drive from the temple of our ancient faith those who had profaned it; to end by action, tireless and unafraid, the stagnation and despair of that day. We did those first things first.
"Our covenant with ourselves did not stop there. Instinctively we recognized a deeper need--the need to find through government the instrument of our united purpose to solve for the individual the ever-rising problems of a complex civilization. Repeated attempts at their solution without the aid of government had left us baffled and bewildered. For, without that aid, we had been unable to create those moral controls over the services of science which are necessary to make science a useful servant instead of a ruthless master of mankind. To do this we knew that we must find practical controls over blind economic forces and blindly selfish men.
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