• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    jmac on Steve Garvey Running for U.S.…
    William on Steve Garvey Running for U.S.…
    Ivory Bill Woodpecke… on D-Day -1
    thewizardofroz on Steve Garvey Running for U.S.…
    William on Steve Garvey Running for U.S.…
    thewizardofroz on Steve Garvey Running for U.S.…
    Ivory Bill Woodpecke… on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    riverdaughter on Shiny Happy People
    riverdaughter on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    Ivory Bill Woodpecke… on Shiny Happy People
    riverdaughter on Shiny Happy People
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    October 2011
    S M T W T F S
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    3031  
  • RSS Paul Krugman: Conscience of a Liberal

    • An error has occurred; the feed is probably down. Try again later.
  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

  • Top Posts

{{snicker}}

A revealing peek into the relationship between the finance industry and the Democrats came to my attention via Atrios via Greg Sargent at The Plum Line.  It’s a Politico post on the bankers’ outrage that the Dems are trying to work both sides of the OWS phenomenon.

After the Democratic Congressional Campaign Committee sent a recent email urging supporters to sign a petition backing the wave of Occupy Wall Street protests, phones at the party committee started ringing.

Banking executives personally called the offices of DCCC Chairman Steve Israel and DCCC Finance Chairman Joe Crowley last week demanding answers, three financial services lobbyists told POLITICO.

“They were livid,” said one Democratic lobbyist with banking clients.

The execs asked the lawmakers: “What are you doing? Do you even understand some of the things that they’ve called for?” said another lobbyist with financial services clients who is a former Democratic Senate aide.

…This cycle Democrats have a particularly tough sell, since they pushed through a financial regulatory reform law last year and Mitt Romney has emerged as a Republican presidential front-runner, whose deep Wall Street ties clash with Obama’s recent populist overtures. The lip service to occupiers is only hurting an already rocky relationship.

“You can’t have it both ways,” said one in-house financial services lobbyist. “It just makes it harder for people who are Democrats in New York, Boston, Chicago to on the one hand be demogagued and then be asked ‘Hey, you can get your picture with the president for $30,000.’ It doesn’t square.”

I never thought I would ever be able to see the banker’s point of view but I have to admit they are right.  Democrats are notoriously fickle, disloyal and self-serving.  I have been feeling the very same sense of anger toward the Democrats since they managed to get a filibuster proof majority in the Senate and then played a tricky little game of withholding one or two crucial votes that would have made the difference between good legislation for the 99% and a bill that has a nice sounding name and little else.  Can we say Ben Nelson when it comes to abortion funding in the Affordable Care Act? I think we can. How about Bart Stupak?  And remember those crazy dreams we had about the public option that would have forced the insurance companies to compete?  Where was Joe Lieberman on that?  Christopher Dodd, where were you when the Consumer Financial Protection Bureau was defanged and deep sixxed as an “interim affiliation” of the Treasury Department run by Tim Geithner, a guy who hated Elizabeth Warren?  Shall I go on?

For far too long, Democrats have been calling us up, asking for money, scaring us about what would happen to the economy and reproductive rights if the Republicans got control.  Finally, after all our contributions, phone banking, canvassing and advocacy for them, they got what they wanted.  And instead of actually defending the values their constituents thought were important, they acted all helpless.  I mean, what did we expect from them?  They only had all the power they needed.  Don’t even get me started about how they threw their base under the bus and rigged the primaries so they could benefit from all that financial industry cash that would be flooding into the DNC coffers in 2008.  What was it again?  $28,000 per donor?  That might account for the substitution of student council president type congressional candidates for more liberal candidates in 2008.  Maybe that’s why Eric Massa and Anthony Weiner had to go and why Charlie Rangel had to be sidelined.  They were made examples of what would happen if others acted on their more Democratic impulses.  It all makes sense now.

I don’t know what’s more laughable, that the bankers’ are pissed that the OWS movement may give them real competition for the money of the 99%, forcing them to compete for that money in a free market, capitalist manner for a change, or that the Democrats think that a pathetic letter of support is going to help them win elections next year.

It’s too late.  You can’t be trusted.  You’ve let the middle class down so badly it is unforgivable.  The OWS movement is making people think that maybe there is a way out of this economic and political trap they’re in and that the solution doesn’t include Democrats.

We’re walking out of this relationship and even though we don’t know what the future holds, it feels good to be free.

You can’t have it both ways.

Did I see this coming?

Yesterday when I was at OccupyWallStreet in Zuccotti Park, I was interviewed by a student from Columbia University who appeared to be conducting a real survey of the occupiers.  The last question she asked me was something like, “did you see this coming?”.  And suddenly, I remembered.  I wrote a post about it almost a year ago.  Here it is in its entirety:

Are you better off now than you were 40 years ago?

Mrs. Winters' third grade class, Bandini Street School, San Pedro, CA

I’m a child of the 60’s and 70’s.  Back when I was a kid, most mothers didn’t work.  Almost everyone we knew lived on one salary.  My dad was career military and although the work was steady back then, we weren’t exactly rich.  We moved frequently but always lived in nice lower middle class neighborhoods in townhouses and 3 bedroom ranches.  My family benefitted from socialized medicine.  Navy doctors saved my asthmatic sister’s life on more than one occasion.  In the summer, we went to day camp on the Navy base or to the all day activities at Bandini Street school in San Pedro.  You didn’t need to sign up or pay anything.  You just walked over to the school and dropped in without your parents and learned arts and crafts or competed in Chinese handball tournaments.

Meanwhile, the war waged all around us.  We watched Walter Cronkite on the CBS evening news tally up the dead in Vietnam and the dead in the streets of America after the riots.  But in our day to day existence, we were oblivious.  My classes were integrated and I never experienced the gender biased education of kids even a few years older than me.

By the time I reached middle school, the summer of love was long over.  The protest era had ended at Altamont Speedway but I barely knew who the Rolling Stones were.  I went to an experimental middle school in upstate New York, taught by those very same hippies who spent the summer in Woodstock.  They had traded in their long hair and bell bottom jeans for respectable attire and groomed hair but the spirit lingered on.  They taught us the old protest songs in assembly.  But for my generation, that was all ancient history.  We missed out.

My first protest was something entirely different.  It was on the steps of the Capital in Harrisburg, PA, when the legislature had was about to yank money from the state related university I was attending.  Reagan shortly followed, the cold war amped up to crazy heights and anyone who accepted anything from government was considered a parasite.  For kids like me on financial aid, life became very interesting.  Changes to income taxes meant I missed out on a lot of deductions my parents took for granted while I was saddled with a social security payroll tax hike that was guaranteed to keep the system running right through my retirement.

In short, I have never been able to break out of the class I was born into despite my college education and nice salary.  My salary buys me the same lifestyle my parents had.  On one salary in NJ, I have a nice townhouse in a middle class suburb and I pay for everything.  I don’t qualify for any governmental program.  My kid will never get a Pell grant and it doesn’t matter if I can’t pay her tuition myself.  I can’t save too much for her college education or my retirement.  I just pay and pay and pay.  Taxes, mortgages, my 401k and fees that are growing over time on everything.  The greedy have taken over and have decided to extract every last disposable dollar I have and there are no restraints on the unscrupulous or the criminal.

In the past 40 years, the country has been voting Republican and conservatively.  It has been one long pull to the right, at first starting slowly and now picking up steam.  The Democrats have been yielding ground as well.  The center is now where moderate Republicans used to be and the left is completely ostracized.

It should be obvious to people that they aren’t getting what they want by voting Republican but they keep doing it.  They do it because they are terrified and they do it because there was a generation before the baby boomers that also missed out on the cultural revolution of the 60’s.  There were the women who were slut shamed into believing their bodies were their enemies.  They were shut out of higher education and the workplace.  There are men who expected to be at the top of the pyramid and have had to steadily yield ground to the women and minorities of my generation who took advantage of the gains the babyboomers made for us.  The older generation indulges in its nostalgia for a simpler age and vote conservative because Republicans have their number.

But it’s pulling us all towards destruction.

It’s time we re-energized that protest age of the 60’s and this time let the ones who missed out carry that spirit forward.  That means the women and men of my age and younger and the women and men of my mother’s age and older.  Now is the time to hit the reset button.  You might have missed it the first time around.  But you can shake up the country now by sweeping out the powers that be that have a lock on our government now.

My voting strategy this year is to vote out every incumbent I can.

1.) I am not voting for any Republican.  I know nice Republicans.  Nice Republicans are friends of mine.  Unfortunately, none of them are running for office this year.  Republicans are determined to overturn the New Deal and cut social security for myself and my mother.  Oh yeah, they would do it.  They have no conscience.

Those of you who are planning to vote Republican because you are so angry should know what you’re getting yourselves and the rest of us into.  You are obligated to not throw us in front of a speeding train.  The Republican party is now composed of predators.  They’ve picked off the poor, the sick and the old.  Now, they are moving in for the kill.  Don’t let them do it.  You know what their plan is.  They offer nothing but more of the same but much, much harsher.  You know it will bring hardship and misery to millions of Americans and you know that Democrats are cowardly.  Don’t give the Democrats an excuse to punt and sell us all out.  Get tough.

2.) I am not voting for any incumbent Democrat.  Fortunately, there is one Democrat running in my district who is not an incumbent who shares my values.  That would be Ed Potasnak.  He gets my vote.  However, if any of your Democratic candidates were endorsed by Bill Clinton, I’d vote for him/her.  They’re going to owe him someday if they win.

3.) I’m going to seek out an vote for every left wing alternative party candidate I can.  We need new blood in Congress.  I may not share all of their goals but without substantial pull from the left, the government will continue its radical slide to the right.

My goal is to vote out as many Republicans as I can and replace them with people on the left.  My fear is that Obama and the Democrats are hoping the Republicans will take over at least one house of Congress so the Democrats get political cover for imposing an austerity plan on us that they don’t have the courage to fight.  And with David Broder banging the gong for another war in Iran, I’m concerned that they will give in to another bloody mess to distract us and ruin the lives of countless more innocent people.

So be it.  Now’s the time to restart the cultural revolution.  No matter what happens tomorrow, things will never be the same.  But going back is not an option.  If we want to have it as good as we did 40 years ago, we have to move forward in a radical new way.

Now’s the time all of you who didn’t participate the first time to wash out the old and bring in the new.

Throw the bastards out.