Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Gold and Silver Capitulation Time - 14th Nov 19
The Case for a Silver Price Rally - 14th Nov 19
What Happens To The Global Economy If the Oil Price Collapses Below $40 - 14th Nov 19
7 days of Free FX + Crypto Forecasts -- Join in - 14th Nov 19
How to Use Price Cycles and Profit as a Swing Trader – SPX, Bonds, Gold, Nat Gas - 13th Nov 19
Morrisons Throwing Thousands of Bonus More Points at Big Spend Shoppers - JACKPOT! - 13th Nov 19
What to Do NOW in Case of a Future Banking System Breakdown - 13th Nov 19
Why China is likely to remain the ‘world’s factory’ for some time to come - 13th Nov 19
Gold Price Breaks Down, Waving Good-bye to the 2019 Rally - 12th Nov 19
Fed Can't See the Bubbles Through the Lather - 12th Nov 19
Double 11 Record Sales Signal Strength of Chinese Consumption - 12th Nov 19
Welcome to the Zombie-land Of Oil, Gold and Stocks Investing – Part II - 12th Nov 19
Gold Retest Coming - 12th Nov 19
New Evidence Futures Markets Are Built for Manipulation - 12th Nov 19
Next 5 Year Future Proof Gaming PC Build Spec November 2019 - Ryzen 9 3900x, RTX 2080Ti... - 12th Nov 19
Gold and Silver - The Two Horsemen - 11th Nov 19
Towards a Diverging BRIC Future - 11th Nov 19
Welcome to the Zombie-land Of Stock Market Investing - 11th Nov 19
Illiquidity & Gold And Silver In The End Game - 11th Nov 19
Key Things You Need to Know When Starting a Business - 11th Nov 19
Stock Market Cycles Peaking - 11th Nov 19
Avoid Emotional Investing in Cryptocurrency - 11th Nov 19
Australian Lithium Mines NOT Viable at Current Prices - 10th Nov 19
The 10 Highest Paying Jobs In Oil & Gas - 10th Nov 19
World's Major Gold Miners Target Copper Porphyries - 10th Nov 19
AMAZON NOVEMBER 2019 BARGAIN PRICES - WD My Book 8TB External Drive for £126 - 10th Nov 19
Gold & Silver to Head Dramatically Higher, Mirroring Palladium - 9th Nov 19
How Do YOU Know the Direction of a Market's Larger Trend? - 9th Nov 19
BEST Amazon SMART Scale To Aid Weight Loss for Christmas 2019 - 9th Nov 19
Why Every Investor Should Invest in Water - 8th Nov 19
Wait… Was That a Bullish Silver Reversal? - 8th Nov 19
Gold, Silver and Copper The 3 Metallic Amigos and the Macro Message - 8th Nov 19
Is China locking up Indonesian Nickel? - 8th Nov 19
Where is the Top for Natural Gas? - 7th Nov 19
Why Fractional Shares Don’t Make Sense - 7th Nov 19
The Fed Is Chasing Its Own Tail; It Doesn’t Care What You Think - 7th Nov 19
China’s path from World’s Factory to World Market - 7th Nov 19
Where Is That Confounded Recession? - 7th Nov 19
FREE eBook - The Investment Strategy that could change your future - 7th Nov 19

Market Oracle FREE Newsletter

How To Buy Gold For $3 An Ounce

Swan Song for the Democrats for Supporting the Iraq War

Politics / US Politics Jun 09, 2007 - 06:46 PM GMT

By: Mike_Whitney

Politics The Democrats did us all a favor by giving Bush his Iraq war-money. After all, the Dems have supported the war from the very beginning. They deserve to be exposed as the phonies they really are.

The truth is, no one is surprised by the recent vote. We have one party in America –  "the War Party" – the Dems are just a junior partner in that system.


It boggles the mind that so many so-called "liberals" continue to be hoodwinked by the Democrats. After all, what do they have to offer – a slight boost in the hourly wage? Better management of foreign massacres?!?

What else?

They're are even giving ground on a woman's "right to choose", which used to be their signature issue. Now they're even caving in on that.

So, what do the Democrats really stand for?

This is not the party of F.D.R., my friend. This is the party of Bill Clinton, the Master of Triangulation. Clinton was nothing more than the flip-side of George Bush. The bombing of Belgrade was as big a crime as Shock and Awe – although it was cleverly disguised by Clinton's "Aw shucks" charm and the ever-compliant media.

Clinton sold out the American worker when he passed NAFTA. He dismantled the social safety net with Welfare Reform. He destroyed the last vestiges of the free media by signing the Telecommunications Act. And he revealed his utter lack of principle by refusing to sign the Land Mines Treaty – a document that would have saved the lives of thousands of children every year.

In other words, he was the best Republican president we ever had. Which is fine, unless you voted for a Democrat!

Clinton never did anything that wasn't politically calculated. Hell, he probably had his slide-rule out during his visits with Monica to figure out the exact amount of gratification he could have without feeling guilty. Sure, he was bright and good natured but, his critics are right – he was utterly devoid of principle. And yet, this is the Democratic Party's "big hero"; a man who has become the shining example for the future leaders in the party.

What a joke!

The Democratic Party is not the party that people think it is. This is the party of Rahm Emanuel and the DLC. The leadership is unwaveringly pro-war, pro Israel, and pro free trade. There's no room for anything else. The Democrats have no intention withdrawing from Iraq. It's all just bluster and gibberish to dupe the Party faithful. It means nothing.

In fact, the Dems plan for Iraq is even MORE IMMORAL than the Republicans. They want to redeploy outside of the country while reducing the number of troops on the ground. In other words, they want to create a "sustainable" model for stealing the world's second largest petroleum reserves.

It's a more calculating and immoral strategy than Bush's bloody "surge"!

It would be better for the country if the Democratic Party just called it quits right now. The party is a bigger obstacle to progressive reform than the Republicans.

As long as the Dems continue to trick people into believing that they represent substantive change – or even a serious defense of their basic economic interests – the charade will persist and things will get worse.

Real progressive reform should address the central issues facing, not only Americans, but the entire world – nuclear proliferation, global warming, peak oil, population growth, food supply and disease.

Reform isn't even part of the Democrat's agenda.They are mainly focused on enriching their corporate donors, facilitating free trade, and chasing shadowy Islamic groups through Central Asia and the Middle East.

Real reform would restore progressive taxation by reinstating the brackets that were used during the early 1950s; that is, everyone making over $200,000 per year ($1 million by today's standards) pays 93% of their earnings! Without a concerted effort to narrow the massive wealth gap through redistribution"the country will continue to slide towards tyranny. Those who have benefited most from the security, infrastructure and prosperity provided by state should naturally pay more. That is the fundamental tenet of progressive taxation and it is essential if we want to strengthen the middle class and "raise all boats" (as the Republicans like to say)

Besides, who's going to lose sleep over taxing the rich?

A progressive platform should also include a plan to nationalize the oil industry. The record profits from oil production should be going into infrastructure, education and alternate fuels – -not fattening the foreign banks accounts of obscenely rich oil moguls. In an age of resource scarcity, we cannot allow the market to decide who will get access to the energy that everyone needs to maintain minimal standards of living.

We've already seen how big oil is willing to use our children as cannon fodder in their wars of aggression. We've also seen how much effort they put into confusing the public on crucial issues such as global warming. (They've pumped millions of dollars into bogus science and misleading public relations campaigns to keep the people from understanding the truth about "man-made" climate change) The oil industry operates without a conscience putting its bottom line above the very survival of the species. The best thing to do is "return the favor" by seizing the industry – Hugo Chavez style – -and putting it to work for the people it is supposed to serve. If the oil executives still want to continue the fight for Iraqi oil; we should provide them with sidearms and Kevlar vests and turn them lose in Baghdad. Let them fend for themselves – -everyone else comes home.

The country doesn't need two War Parties. The current system is broken and needs to be replaced. What we need is a Labor Party that addresses the issues that are important to working class people. Labor Party affiliation should be the equivalent of union membership; providing a clear statement of support for pensions, universal health care, maternity leave, yearly wage increases tied to productivity, profit sharing, collective bargaining rights and 50% representation on all corporate boards. The goal of a Labor Party should be to achieve a power-sharing agreement with management that will combine the objectives of both parties in a common vision for the future. It's worked in Europe and it can work here. It's the only way we'll succeed in rebuilding the middle class and avoid unnecessary conflicts.

Anyone who thinks politics is just about "making money" is nuts. Politics is about power – and that should be the goal of Labor – raw political power. Nothing else will do.

What's needed is a broad coalition of leftist organizations which represents the basic interests of working people.

Labor needs a voice in government and the Democrats are not that voice.

By capitulating to Bush, the Democratic Party has signed its own death warrant. Good riddance. Now, let's push the rusty hulk out of the road and go forward.

By Mike Whitney

Email: fergiewhitney@msn.com

Mike is a well respected freelance writer living in Washington state, interested in politics and economics from a libertarian perspective.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Martin
10 Jun 07, 16:40
93% Tax

Make such a tax and all business will go to China or Russia.


Leah Jewel
11 Jun 07, 14:14
Politics

This article is really interesting. We all need to really examine our individual politics and what true power really means. Striving for peace, self-sufficiency, and ultimately, interdependency is a great goal for which to shoot.


A Financial Observer
14 Jun 07, 13:55

93% tax? Obviously someone here forgot the lessons of macroeconomics. How did the people who earn such exorbitant salaries get there?According to your logic, they apparently attained this level of luxury because of our highway system and national guard, and other frivolous services provided by the government. Somehow these factors combined to catapult a citizen into the lap of luxury.

Why then I ask you, aren't we all living on millionaire's row? You completely discredit the one ultimate driver of capitalism: "the invisible hand". It is through sheer competition, and the desire to dominate you fellow man that the house of cards called capitalism does not fall. Those who aspire to more, achieve more. No fortune has been made by those who didn't posess a desire for more, and worked incessantly at it. Even second and third generation wealthy are all living off the fortune that was developed THROUGH THE CONCENTRATED EFFORT OF SOMEONE.

Now what happens when we decrease the rewards for effort? What happens when we apply progressive taxation? Again we run into another socieatal law. "The law of unintended consequences". When we remove the reward for achievment we remove all desire for the productivity that created where we live today. If I work a 70 hour week (as leading CEOs and Investment bankers REGULARLY do), and only net 7% of my labor's ACTUAl value what incentive do I have for persuing anything higher than a 30k job working as a manager at wendy's. The answer: there is no incentive! Highly-trained professions will leave our country (called "the brain drain") in search of greener pastures. In addition, a global marketplace will not allow companies to operate under such restrictive provisions and still COMPETE. Business in the US will fail if they DONT LEAVE. progessive tax worked in the isolationist 1950's but in today's world of multi-national corporations and open boarders it is economic suicide for a capitalist society. You want to remove the income gap? go start a commune. You want whats best for america? reward the achievers and provide enough incentive to bring out the true grit that built this country into what it is today.

capitalism requires that there are haves and have-nots. No one is low class because they didn't place themselves there. Look back through history, humans who desire greatness achieve greatness. If the low/middle class desire the fruits of this country, maybe they should start working towards it.

HAND-OUTS SOLVE NOTHING AND ONLY FURTHER A CULTURE OF "ENTITLEMENT"


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules