Thursday, August 11, 2016

Who's in Wall Street's pockets—and does it really matter?

There is a lot of debate going on as to which political party will do more for Wall Street and big business. Trump says Hillary is in bed with the big Wall Street firms. On the other hand, whenever Trump goes to bed, it’s always big money turning off the lights.

I think it is fair to say that both parties do Wall Street’s bidding. They always have and they always will. Politicians bow to the will of Wall Street and big business for the same reason Willie Sutton robbed banks—because that is where the money is.

And it isn’t just campaign financing—although that is always appreciated. I think it simply comes down to the rich—wealth-with-power-thrown-in and powerful—political-power-with-wealth-thrown-in, taking care of the rich and powerful.

Both parties should stop running away from the obvious. The truth is, while not in every way but certainly in many ways, America is great not solely because of democracy and not solely because of capitalism but rather because in America, democracy and capitalism have become uneasy bedfellows.

Our government has consistently, and unabashedly, allowed itself to be corrupted by money while our economic system has unenthusiastically allowed itself to be governed by regulations—with a clear understanding that they don’t go too far.

So do elections not make a difference? Is neither party different from the other?

Of course, elections make a difference. And yes, the parties are different. Just not to the rich.

Look at elections the way you would look at a boxing match or a concert. You’ve got the main event and the undercard.

Both parties take care of the headliner—the rich, but it’s the undercard where the most interesting fights occur—and Democrats tend to favor the undercards.

Republican trickle-down theory, at its best, was a policy of taking care of the wealthy, first and foremost, on the outside chance that with so much money floating around, some of it was bound to wind up in the pockets of the middle class—if they lived long enough and the poorer class—when hell froze over.

At its worse, it was a cruel joke.

Republicans believe in their souls that taking care of the wealthy is the only way to take care of the masses. Make a man rich, they believe, and he will take care of the rest. That’s what the wealthy do—except that history tells us they don’t. Never have and never will.

But Democrats have and will continue to.

Their history of protecting workers and defending unions, have resulted in shorter work weeks, higher hourly wages, pensions, healthcare, and safer working conditions. They have defended minorities—racial, religious, and otherwise—the majority of whom have always resided on the bottom rungs of the economic ladder.

On the other hand, Republicans gave us the Gilded Age plagued by the recessions of 1873, 1893, 1907; the roaring twenties followed by the Great Depression; and the Bush tax cuts and deregulations that led to the Great Recession of 2008.

Workers will receive minor tax cuts from Republicans but the nation will go broke from the massive tax cuts given billionaires and millionaires.

Republicans are convinced that raising the minimum wage will kill jobs by destroying companies. They believe allowing CEOs to become billionaires is the way to grow companies. The problem is that even companies that do badly have well-paid CEOs and even companies that do great have low paid workers. Why don’t Republicans and CEOs just admit that they don’t really care for workers and would be happier employing robots? Sure, they would have maintenance expenses but gone would be health insurance, pensions, and break rooms.

Health insurance won’t expand under Republicans who’ve taken 60 votes to kill Obamacare and not released one plan to replace it. It’s not because they’ve been busy doing other things.

Republicans at the state level have shown us what they think of voting rights.

All those Republican recessions and depressions mentioned earlier cost millions of jobs—over 15-million in the Great Depression and another nine million in the 2008 recession. Democrats receive no credit for recouping those jobs. Halting the skid and turning the corner should count for something.

People might not like hearing these facts but people have to get over liking only what they want to hear.

The rich will always win. There is virtually no way for them to lose. It reminds me of an old joke, so old it was politically correct to tell it back then.

Put a fat lady, a bulldog, and a can of dog food in one room.  In another room, put a fat lady and a bulldog.  In the room with the fat lady, bulldog, and dog food, the lady ate the dog food.  In the room with just the fat lady and the bulldog, the fat lady ate the bulldog.

CONCLUSION: Fat ladies will always make the best of a situation. 

Rich people are the fat lady.

Today’s poor and middle class don’t have the luxury of winning no matter who is in office. They have to look for small wins anywhere they can find them. They can’t be sucked into thinking things are going to be great. They should be happy with things being good because when you already live in the greatest nation, good ain’t that bad.

 

 

 

 

 

 

 

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