Republican operatives describe this year’s presidential election in apocalyptic terms. It will determine our future. It will seal our national fate. Well, they are probably right, but not for the reason they give. They tell Republican voters that President Obama, in a second term where he does not have to face re-election, will reveal and follow the full socialist agenda he has been trying to hide.
Only the gullible will swallow that. But the right does know that the future is at stake. That is because this election year gives Republicans one of their last chances—perhaps the very last one—to put the seal on their plutocracy. They are in a race against time. A Democratic wave is rising fast, to wash away the plutocracy before it sets its features in concrete, with future help from the full (not just frequent) cooperation of the Supreme Court.
It may seem odd to speak of the plutocracy as endangered. Surely it has established itself in every important political arena. Wealth is concentrated in a small fraction of the populace, the cosseting of whom with the Bush tax cuts plunged us into the great recession. Yet while the rest of the populace was suffering, the rich just got richer. In 2009 and 2010, years in which millions were unable to find work, the top one percent reaped 93 percent of the “recovery” income, and corporations are making more than they ever did. And the Republicans can still propose even further cuts in the taxes of “job creators” whose only job creation has been for their own lawyers and lobbyists.
- Why 2012 Matters (nybooks.com)
- The death of our Republican Democracy as it becomes a plutocracy (amanwithaphd.wordpress.com)
- Three Democratic Senators Undecided On Extension Of Bush Tax Cuts For The Rich (thinkprogress.org)
- Did Republicans deliberately crash the US economy? | Michael Cohen (guardian.co.uk)
- The Manufactured Story Of The Week (talkingpointsmemo.com)
- Paul Krugman: Plutocracy, Paralysis, Perplexity (economistsview.typepad.com)