To paraphrase what John Edwards once said, you simply can't make nice with these people. They play for keeps, will not compromise, with the knowledge the Democrats will cave every single time.
The Democrats should have allowed the banks to go under and then start over to put back all of the regulations including Glass-Stegall (and to hell with what the World Trade Organization wants), raise taxes on the billionaires, millionaires, and corporations so that we once again have a progressive tax system, and perhaps this country would have a hope of getting back on the right track.
But now that the same neoliberal interests have bought off both political parties, it seems all but impossible to turn this country around.
Reich:
That we got into the Great Recession because Wall Street went bonkers and government failed to do its job at regulating financial markets. And that much of the current deficit comes from the necessary response to that financial crisis.
That the only ways to deal with the long-term budget problem is to demand that the rich pay their fair share of taxes, and to slow down soaring health-care costs.
And that, at a deeper level, the increasingly lopsided distribution of income and wealth has robbed the vast working middle class of the purchasing power they need to keep the economy going at full capacity.
“We preserved the investments we need to win the future,” he said last night. That’s not true. The budget he just approved will cut Pell grants to poor kids, while states continue massive cutbacks in school spending — firing tens of thousands of teachers and raising fees at public universities. The budget he approved is cruel to the nation’s working class and poor.
It is impossible to fight bullies merely by saying they’re going too far.
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