Do the Democrats Really Want to Bear the Blame for a Crash that Wall Street Will Cause?

[marmar]

via Naked Capitalism:



Do the Democrats Really Want to Bear the Blame for a Crash that Wall Street Will Cause?

By Joe Firestone, Ph.D., Managing Director, CEO of the Knowledge Management Consortium International (KMCI), and Director of KMCI’s CKIM Certificate program. He taught political science as the graduate and undergraduate level and blogs regularly at Corrente, Firedoglake and Daily Kos as letsgetitdone. Cross posted from New Economic Perspectives

Lambert here: “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully” (Samuel Johnson). One can only hope that Johnson’s bon mot goes for Democrats.

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This post by Lynn Parramore makes the point that the next crash is coming and probably will be blamed on the Democrats. It’s a great point, but it needs to be pursued further.

What if we have another Republican sweep in 2014, like 2010, but worse? Then we’re going to have more policies that increase inequality. Even less regulation, causing even more domination of our politics by corporations and the financial sector.

We’ll have more military spending and more wars, along with more shredding and privatization of the social safety net. We’ll have even less environmental regulation, and even more global warming; more drill baby drill, and less and less of public education. At the State level, we’ll have more of the war on women, blacks, seniors, and hispanics; more corruption from corporations and the rich giving “gifts” to officeholders; more voter suppression, even more police brutality and denial of first amendment rights, more religion in our schools accompanied by more guns everywhere, and more Scalias, Alitos, Thomases, and Robertses subjugating everyone to corporations.

And what’s frightening about all this is that the people who want to see this kind of America, also are the people with the power to gamble irresponsibly in the international financial innovation products gambling casino, and to bring about the very crash that will be laid at the door of the Democrats. Of course, the Democrats deserve this because when they had the power in early 2009, all through 2010, they cared more about the filibuster in the Senate, and their campaign contributions, and their possibilities of lucrative work after Congress, then they did about economic recovery with full employment, taking the big banks and Wall Street down, and getting truly universal health care through passing an enhanced Medicare for All program. .......................(more)

The complete piece is at: http://www.nakedcapitalism.com/2013/09/do-the-democrats-really-want-to-bear-the-blame-for-a-crash-that-wall-street-will-cause.html#emI2UXQ14AsypXoc.99

[Scuba]

1. Apparently they do. Another attempt by DLC types to discredit the ideals of the Party?