More

Featuring fresh takes and real-time analysis from HuffPost's signature lineup of contributors
Joseph A. Palermo

Joseph A. Palermo

Posted: October 27, 2010 09:20 AM

Civic-Minded Plutocrats

What's Your Reaction:

It's truly touching how much interest in America's great democratic experiment that our esteemed men and women of industry, finance, and commerce have shown in the 2010 midterm elections. Elementary school teachers across the land might lead civics lessons by pointing to these salt-of-the-Earth hedge-fund managers, oil tycoons, derivatives traders, and outsourcing zealots who are demonstrating such awe-inspiring civic mindedness.

Their love of Jeffersonian democracy runs so deep they're willing to invest millions of dollars in clandestine cash to fill the campaign coffers of some of the most extreme right-wing Senate candidates we've ever seen: Christine O'Donnell of Delaware, Carly Fiorina of California, Joe Miller of Alaska, Rand Paul of Kentucky, Pat Toomey of Pennsylvania, Mike Lee of Utah, Marco Rubio of Florida, Ken Buck of Colorado, Sharron Angle of Nevada, Ron Johnson of Wisconsin.

Since they're willing to spend so much money influencing the direction of the nation's politics might they also express this high sense of civic duty in paying their fair share of taxes at a time when their beloved country faces war and recession?

Who are these dedicated citizens who have recently shown such energetic civic engagement? They're Rob Collins of the "American Action Network"; Bruce Rastetter of the "American Future Fund"; the "60 Plus Association"; Steven Law of "American Crossroads"; Karl Rove of "Crossroads GPS"; Carl Forti, a Rove wannabe, of "Americans for Job Security"; Rupert Murdoch, Tim Phillips of "Americans for Prosperity," and Dick Armey of "Freedomworks." Paul Singer and others. And don't forget the Koch brothers and Thomas Donahue of the U.S. Chamber of Commerce who are aggressively reaching deep into hundreds of Congressional districts, drowning out local issues, and running attack ads against Democratic candidates full of lies, falsehoods, and innuendo.

Some citizens might wonder what these Republican fronts and cut-outs, stuffed to the gills with laundered cash from shadowy donors and outside groups, have to hide?

Maybe with double-digit unemployment in much of the country, and decades of misguided public policy that has given us the widest gap between the rich and everyone else in history, America's ruling elite is getting a little nervous that the Plebeians might sour on the beneficence of free markets. Today, about three hundred thousand Americans own about as much of the nation's wealth as do 180 million of their fellow citizens.

On the policy front, these civic-minded plutocrats will make sure that there'll be deep cuts in the safety net. The Frank-Dodd Act and Obama's health care initiative will be gutted. Like our illustrious Supreme Court under Chief Justice John Roberts, if the Republicans win Congress next week they will passionately support any measure that benefits corporations at the expense of ordinary human beings.

Wouldn't it be something if the Bin Ladens of the world funneled untraceable cash into Republican candidates' coffers because they know they can count on the GOP to continue the wars in Iraq and Afghanistan, two of their greatest recruiting vehicles?

The press, like the Supreme Court, insists on promoting a false equivalency between labor unions and hidden corporate donors even though corporations and their industry associations are currently outspending labor unions 25 to 1. Besides, when labor unions participate in politics the electorate knows what they want, things like higher wages, better working conditions, health care, etc. and their members are working people known in the local community. When corporate behemoths and their front groups finance attack ads against Democrats do we really know exactly what they want? Kickbacks? Pork-barrel contracts? Lax regulations? Bailouts? War? Lost in cacophony of the horse-race press coverage are the policies that the Republicans are pushing.

If Americans continue to see their pensions shredded, home values diminished, tax dollars squandered on backstopping for Goldman Sachs and the boys, or thrown away on foreign wars, while their standard of living continues to plummet the time might come when the regular working people out there realize that these plutocrats can possess all the money in the world but couldn't produce a baloney sandwich without human labor.

This election cycle the corporate elites have spent more money than god railing against even the mild, market-friendly reforms President Obama got out of the Senate last year. Poor Obama. He never seemed to figure out that if your political opponents are going to denounce you as a "communist" a "fascist" and an "anti-colonial" Kenyan Mau Mau, you might as well give them something really to squawk about.

They want to keep people who work two or three jobs for about $7.20 an hour with not benefits and no set working hours in their place; they want to push wages down in the United States toward the level they pay their impoverished wage-slaves abroad.

The Oligarchy has kicked into high gear, exploiting the social dislocations of the Great Recession to disfranchise, pulverize, bat down, and crush the working middle class. They want to gut public institutions, take away worker pensions, and demolish the wogs' unions and voluntary associations.

In a period of Gilded Age inequality they're hitting us hard with the assistance of George W. Bush's Supreme Court and Karl Rove's underhanded political chicanery.

The economic meltdown that short-sighted "free market" policies brought upon us has now given the rich and powerful the opening to push their advantage more aggressively than ever. They're the same "Economic Royalists" that FDR denounced 70 years ago, only now they're richer, more sophisticated, vicious, and powerful.

 
 
 

Follow Joseph A. Palermo on Twitter: www.twitter.com/N/A

 
 
  • Comments
  • 76
  • Pending Comments
  • 0
  • View FAQ
Comments are closed for this entry
View All
Favorites
Bloggers
Recency  | 
Popularity
Page: 1 2 3  Next ›  Last »  (3 total)
This user has chosen to opt out of the Badges program
11:40 PM on 10/28/2010
"....Mau Mau..." and "wogs" were a little over the top, yes? People should remember that Obama's first Supreme Court pick, Sonia Sotomayor, voted with the majority on the Citizens United case.....maybe he can do better next time....
photo
HUFFPOST BLOGGER
Joseph Palermo
Huffington Post Blogger/Author/Professor
11:03 AM on 10/28/2010
A now after the midterm stay tuned for the "bipartisan" attack on any policy, program, or institution that helps the middle class
10:18 AM on 10/28/2010
That's about the size of it. Our only hope is that the wealthy continue to screw things up so badly they have no remaining consumers to sell their crap to. All boats sink in an ebbing tide. With their money and power diminished, we might have a chance at reform; but not until and maybe not then.
07:40 PM on 10/27/2010
The Salivating Lust of RAVENOUS GREED is on the prowl and devouring all the members of the Middle Class that it finds in its path. We cannot restore the Democracy of this once great Republic until the Beast of RAVENOUS GREED is eviscerated. The first step to restoring the Republic and banishing GREED is to vanquish the Billionaire Bullies. We are the hundreds of Millions and they are the scattered few. It should not prove difficult to overwhelm them and drive them from our midst. Our first and foremost goal is to turn our Billionaires into mere Millionaires..
06:38 PM on 10/27/2010
"currently outspending labor unions 25 to 1."??? I would have to challenge that given the fact AFSCME and SEIU combined have donated over $171 Million dollars so far...
06:56 PM on 10/27/2010
Yeah that's such a huge lie, it's just stunning.
Total dem spending, is considerably more than the GOP.
photo
HUFFPOST BLOGGER
Joseph Palermo
Huffington Post Blogger/Author/Professor
04:42 PM on 10/28/2010
You gotta be kidding -- or not counting the groups I mention in the blog, Crossroads GPS etc. (the GOP funding has been a joke since Michael Steele messed it all up)
06:21 PM on 10/27/2010
Conflating ultra-right free market ideologues and the harebrained populism of the Tea Party is too easy. These two currents of events must be distinguished even though they overlap with the oligarchs manipulating the would-be mob.

The oligarchs' corporatist vision of America is vastly different from that of the Tea Party with their atavistic nationalism and folksy religiosity. Once the Republicans have power these two visions will collide and diverge. Tea Party will factionalize. The outcome will not be good for oligarchic retention of power.

Democrats should be ready with a platform of anti-plutocratic radical populism. I do not think they will be.
05:15 PM on 10/27/2010
Just rebrand Republicans and market a big package.

Man up, hunker down, shift sideways. Mad Hatter's Tea Party is mercurial.

Grand Old Party ain't sober.
photo
HUFFPOST COMMUNITY MODERATOR
Zombeaver
Wooooooooooooood . . .
04:53 PM on 10/27/2010
Well done Mr. Palermo.
04:40 PM on 10/27/2010
This is my first post; I'm an old time Democrat and I really don't know what today's Democrats are thinking, Obama said he would change thing and I'm still waiting, Bush was on a hay ride with our Tax Dollars and Obama jumped right into the hay and nothing has changed for millions of American. His Administration is made up of Wall Street crony and we all know were their royalty is and it is not with the American working people, to me Obama bail-out was just a giveaway to the rich (nothing more) all it did was move the goal posts and we are still facing a depression in the near future, we are seeing the same thing today as what happen just before the great depression, as people have less money to spend, nondurable goods prices are going up and nobody is talking about inflation, everybody is still on a hay ride as long as we still can borrow. The people that are unemployed and the homeless as the number of these people is growing larger day-by-day it will start eating in the more wealthiest and still the Democrats, Republicans and left and right winger DO NOT see what is about to happen! Buying favors is the only thing that our Representative know how to get anything done, it seems that they are too lazy to work for the people! Maybe I’m just blowing off steam but it is very true!
This user has chosen to opt out of the Badges program
07:32 PM on 10/27/2010
F & F
photo
HUFFPOST SUPER USER
Carl Caroli
Give peace a chance
04:31 PM on 10/27/2010
The way things are going, there is going to be a revolution in this country.
photo
Inkosi
The gods themselves rage aginst stupidity
04:46 PM on 10/27/2010
We can only hope that the revolution is pro middle class not super rich.
photo
HUFFPOST SUPER USER
Daniel R Cobb
04:00 PM on 10/27/2010
So do something. Corporations and entities of all kinds can now contribute unlimited funds for the purpose of pushing their agendas on the American public, all in secret. And they wish to do so in secret because if the public learns who these companies and groups are, 1) the backlash will be immediate and severe, and 2), foreign entities may be discovered to be interfering in the American elections process. Of couse, SOME Some politicians are loathe to pass the Disclose Act because if these corporations are revealed, their donations will instantly evaporate. That is why Michael Steele has no problem with anonymous donations. Nevermind that our democracy has truly been sold out to the highest bidder. How vile. This situation will get much worse, especially as 2012 approaches. Fight back. Demand that Congress pass the Disclose Act. http://www­.demanddis­closurenow­.org/
03:44 PM on 10/27/2010
Reagan put us on a path to disaster with his extreme capitalist philosophy and no democratic leader has seriously challenged his position since then resulting in the mess we are in today where a new bunch of right wing theocrats are about to takeover congress entrenching and expanding the very policies that have driven the economy into the ground.
03:43 PM on 10/27/2010
The only problem you have with the money pouring into Republican campaigns is that you don't like there idealogical point of view. If these same plutocrats were spending money on Democratic candidates, you wouldn't say anything.
03:58 PM on 10/27/2010
They have for some time hedged their bets by spending money on both parties, but it's only natural for them to favor their wholly owned subsidiary.
03:16 PM on 10/27/2010
There just might be a touch of desperation in the plutocrat camp these days. Led by the wizards in the finance wing of the Grand Old Plutocracy, they shattered the world's economy and, lacking the bailouts, would have taken a number of their comrades down with it. Given the fact that their egregious behavior and its catastrophic effects on our civilization are now under greater scrutiny than at any time in the last 70 years, they are no doubt fearful that the public will at long last become enraged at the way in which the deck has been stacked against them and demand yet another new deal.
02:53 PM on 10/27/2010
So what do we do - vote for the Democrats?

Professor Palermo admits himself that in reality the policies of the Obama Administration are not very different from the Republicans when he states that Obama "might as well give them something really to squawk about." This, of course, will never happen. On the contrary, Obama is already signaling his intentions to increase cooperation with the Republicans after the election.

If this election cycle is testimony to anything, it is the remarkable speed with which masses of people have concluded, a mere two years after the Republicans were thoroughly repudiated in 2008, that Obama and the Democrats have nothing to offer them. Despite all the 'tea party' rhetoric, the cause of the coming Democratic party debacle is the collapse in Democratic party support as millions realize that they were had by Obama and the Democrats in the 2008 campaign.

In the end, millions seem to be saying, what difference does it really make which of these two factions of the plutocracy wins? The apparent coming collapse in support for the Democratic party portends the answer to that non-rhetorical question: "None whatsoever."

This will be proven once again when Obama significantly increases cooperation with the far right Republicans in the aftermath of the election.
photo
Inkosi
The gods themselves rage aginst stupidity
04:50 PM on 10/27/2010
I don't understand why Obama has not learned that getting along with the repubs is impossible. It is like dealing with a brattty kid - "my way or i will hold my breath till I turn blue and shut down the country.". There is no compromise with these people. Stop trying. Take a page from Bush/Cheney and just get the job done! Take on the banksters/WS and the masses will support him.
05:18 PM on 10/27/2010
'Take on the banksters/WS and the masses will support him.'

They would if he did, but he hasn't and he certainly won't after this election. Ditto for the Democratic party as a whole.

It really comes down to whose interests the Democrats really represent. And if you 're not a Wall Street speculator, corporate CEO, banker or any other corporate interest, you really don't matter to the Democrats any more than you do to the Republicans.

Just as masses of people got fooled by Obama and the Dems in 2008, masses are going to be had by the right wing and so-called 'tea party' this time around. Thus, the Democratic party and Obama seem to welcome a Republican takeover of the House.

It will be interesting to see what happens in two more years. The Democrats and Obama obviously hope the ball will be back in their court after the expected 2010 election debacle next week.

One can only hope for more significant and serious developments come 2012 than the endless game of Two Square.

It will be interesting to