Wednesday, December 8, 2010

Bullmeese

In the film “Lil Abner,” General Bullmoose excoriates Lil Abner for having botched one of his financial schemes in words something like this: “There was once a little boy with a simple little boy’s dream and that little boy’s dream was to own all the money in the world before he went to that great stock market in the sky. And you, you blithering idiot, you destroyed that little boy’s dream.“ There is no dearth of rich Americans whose thinking is akin to that of the general. “Disdain” is the closest word I can think to describe my regard for them.  

They have been the main source of financial support that has been routinely directed against everything of substance emanating from Barack Obama and Congressional Democrats. Warren Buffet and George Soros are notable exceptions. Barney Frank said that many of his well heeled constituents are supportive of his positions. But the bulk of the monetary lifeblood of the opposition, overwhelmingly but not exclusively Republican, comes from people whose greatest passion is money.
 
Some unrelated stands, on issues like gays in the military and immigration reform, are just sops to the Tea Party, which helps the old image by adding a common touch. But Republicans would abandon them in a second if it helped the moneyed crowd. (Illegal immigrants have been a boon, but not enough of one, to the rich who actually hire people.) If push comes to shove the Tea Partiers would be expendable. I believe an overwhelming majority were McCain voters who at most would stay at home. Giving in on peripheral issues like these may be presented and accepted as “compromise” on matters particularly vital to the “country club” constituency keeping and making more money.

This leads to the point that there seems to be little left to compromise. We’ve seen health care, stimulus, and financial reform watered down nearly beyond recognition. But the biggest plum of all, the tax code, is being virtually given away; $700 billion, over a guaranteed two and probable ten or more years, for a one year extension of unemployment payments costing something less than $20 billion. If you question the assumption of probability consider that secret political advertising money can now be spent in unlimited amounts. The political right, think corporate, has the real money. (Labor unions, hah!) Disputes, if any, will be settled by the umpires in Supreme Court robes, where the majority is strongly ideological, but only to the extent that ideology and partisanship coincide.

If the nation is as bad or worse two years from now don’t blame it on Sarah Palin and the Tea Party. Blame it on the likes of Mitch McConnell and John Boehner carrying water for the likes of the Koch Brothers.

No comments:

Post a Comment