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Open Question: Isnt it Obvious that the Democrats are now officially the Rich party?

Monday, July 20, 2009

Open Question: Isnt it Obvious that the Democrats are now officially the Rich party?
http://socialistworker.org/2009/04/14/party-of-the-rich-people In an article headlined "Carrots for banks, sticks for autos," the Politico wrote: "Critics of President Obama's do-or-die plan for General Motors and Chrysler are making this a fight over fairness: Why do banks get carrots and the autos get the heavy stick? It's a fair question, and one likely to resonate with those who feel Obama has gone light on insurance giant AIG and bailed-out banks like Citigroup." The double standard is clear to see. Yet it would seem to contradict the notion, traditionally held in civics textbooks and popular lore, that the Democrats represent the "people" while the Republicans represent big business. With unionized workers being an important group in the Democratic "base," it would seem that Democrats are acting against their own best interests. This conception assumes that the Democrats simply reflect the interests and aspirations of the people who vote for them. But this is actually the wrong way to look at the real Democratic Party, which is one of the two corporate parties that manage the American state. Just take a look at the most recently available figures on the financing of the 2008 election from the Center for Responsive Politics. The leading industrial sector in providing money for Democratic candidates at all levels was the finance, insurance and real-estate sector, contributing more than a quarter of a billion dollars. The Democrats received a bare majority (51 percent) of the total amount of money this sector spent on politicians in 2008, but it was the first time Wall Street spent more on Democrats than on Republicans since the early 1990s. Time will tell whether this will be a sustainable trend, but the Democrats are making the running to be big capital's favorite again.
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