Monday, October 6, 2008

Kucenich Also Hears Democracy's Death-knell Tolling In The "Wall Street Rescue"

Via Bob Scheerer's very busy TruthDigDotCom, Chris Hedges tolls the Te Deum:
“This was the largest single act of class warfare in the modern history of this country,” Rep. Dennis Kucinich, D-Ohio, who led the fight in the House against the bailout, told me by phone from Cleveland. “It is a direct attack on the American people’s ability to be able to stabilize their homes and their neighborhoods. This single vote will define the careers of everyone. We are back to taxation without representation, to markets that are openly rigged.”

“We buried the New Deal,” he said of the vote. “Instead of Democrats going back to classic New Deal economics where we prime the pump of the economy and start money circulating among the population through saving homes, creating jobs and building a new infrastructure, our leaders chose to accelerate the wealth of the nation upwards. They did so in a way that was destructive of free-market principles. They ripped away all the familiar moorings. We are in an uncharted sea where the traditional roles of the political parties are being switched. The Democrats have unfortunately become so enamored and beholden to Wall Street that we are not functioning to defend the economic interest of the broad base of the American people. It was up to the Republicans to protect not just a so-called free market but the American taxpayer and attempt to block this. This is an outrage. This was democracy’s Black Friday.”
But, but, but, but...Prince Barack will fix all that, right? He's "for the People," isn't he? He stands for "Change," right? Integrity? Transparency?

Well, judge for yourself. Hedges wasn't/isn't impressed:
Obama arrived on the Senate floor Brutus-like to thrust a knife into the back of the working and middle class. He lobbied hard for the bill. He did so, according to some who met with him on Capitol Hill, because he feared that if he opposed the bailout and it triggered a market collapse it could cost him the election. Better to placate the thieves on Wall Street than stand up for the masses of enraged and swindled citizens.
Obama has always served his corporate masters. He opposed Rep. John Murtha’s call for immediate withdrawal from Iraq and supported continued funding for the war. He voted in July 2005 to reauthorize the Patriot Act. He did not support an amendment that was part of a bankruptcy bill that would have capped credit card interest rates at 30 percent. He opposed a bill that would have reformed the notorious Mining Law of 1872, which allows mineral companies to rape federal land for profit. He did not back the single-payer health care bill HR 676, sponsored by Kucinich and John Conyers. He advocates the death penalty and nuclear power. He backed the class-action “reform” bill—the Class Action Fairness Act (CAFA)—that was part of a large lobbying effort by financial firms, which make up Obama’s second-biggest single bloc of donors. CAFA would effectively shut down state courts as a venue to hear most class-action lawsuits. Workers, under CAFA, would no longer have redress in many of the courts where these cases have a chance of defying powerful corporations. CAFA moves these cases into corporate-friendly federal courts dominated by Republican judges.
Hmmmm. Looking kinda bleak here in Democracy-land, innit? If Obama won't try to fix it, who will?javascript:void(0)

Oh, yeah, that's right. Kapitalism killed democracy last Friday (see D. Sirota, below), and got a 850 BILLION DOLLAR bounty.

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