 papananook says: Read the rest for the full value... Recent U.S. history shows that you can't serve corporate interests at the same time you're seeking reform - of healthcare or Wall Street or any other sector. Not when big corporations are the problem . . . and the major obstacles to change. Placating big business en route to social reform is like downing a flask of whiskey en route to kicking alcoholism. Yet there was the Obama White House this summer entering into secret deals with the pharmaceutical lobby protecting that industry's outsized profits. That's why he received more Wall Street funding than any candidate in history and why - before he was a front-runner in early 2007 - he was raising more money from the biggest Wall Street banks than even Hillary Clinton and Rudy Giuliani, presidential candidates from New York. That's why - as soon as Hillary left the race - he went on CNBC and assured big business: "Look: I am a pro-growth, free-market guy. I love the market." That's w That's why during his 2008 "I love the market" interview on CNBC, he shunned the "populist" label. President Franklin Roosevelt showed in the 1930s that major reform is possible if a populist upsurge of ordinary people is mobilized to overcome the entrenched opposition of business interests - derided by FDR as the "economic royalists." The problem today is that Obama doesn't seem to have a populist bone in his body. A smart guy, he should know that it's absurd - in an era when a shrinking number of ever-larger corporations dominate Congress and regulators as they deform markets in industries like banking and healthcare - to keep believing we have a "free market." Yet he waxes on about b... |
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