Rall writes: "Forget 9/11 - everything changed on 9/14/08, when Lehman Brothers hit the skids. Millions lost their jobs. Millions more lost their jobs. And the government refused to help them. The government's masters, the bankers, wouldn't let them. They wanted all that taxpayer money for themselves."
Newt Gingrich speaks in New Hampshire, days before the state's primary, 01/08/12. (photo: Getty Images)
Rise of the Republican Socialists
11 January 12
ewt Gingrich made a name for himself as the right-wing ideologue who led the 1994 "Republican Revolution."
What a difference the wholesale collapse of international capitalism makes.
Forget 9/11 - everything changed on 9/14/08, when Lehman Brothers hit the skids. Millions lost their jobs. Millions more lost their jobs. And the government refused to help them.
The government's masters, the bankers, wouldn't let them. They wanted all that taxpayer money for themselves.
The system was finally exposed as the corrupt, inefficient, cruel pseudodemocracy that we on the Left had always known it was. More than three years have passed yet neither the political class nor its corporate bosses have found the wherewithal to sate the anger of America's roiling masses with the traditional bundle of social programs. To the contrary, the powers that be are calling for austerity, for gutting what's left of the safety net.
They're stealing the rope with which we will hang them.
Political disintegration is disruptive and painful. But it sure is entertaining.
The rise of the Republican primary season's Anti-Capitalist Brigades is the center ring of this circus of death. At the head of the anti-Romney cadres is one of Newt's well-heeled supporters, who is dropping a cool $3 million on an ad blitz that denounces Mitt Romney for engaging in slash-and-burn capitalism. (Is there another kind?)
"There's a company in The Wall Street Journal today that Bain [Capital, Romney's company] put $30 million into, took $180 million out of and the company went bankrupt," Newt Gingrich said on January 10th. "And you have to ask yourself: Was a six-to-one return really necessary? What if they only take $120 million out? Will the company still be there? Will 1,700 families still have a job?"
Good questions all. But the heartless beasts who populate Wall Street venture capital firms don't worry about the blood and tears they leave in their wake. Like all vampires they feast and flee. Their pet Republicans don't care either. Not usually.
"I think there's a real difference between people who believe in the free market and people who go around, take financial advantage, loot companies, leave behind broken families, broken towns, people on unemployment," the former speaker continued.
Not much difference. Not when you think about it. Still, this is a serious slap-the-forehead moment.
Bear in mind, Gingrich is still a man of the Right. A few weeks ago his proposal for forced child labor of impoverished waifs marked the Dickensianest moment of the 2011 Christmas shopping season.
Newt isn't the only Republican presidential candidate attacking capitalism's sacred right to loot and pillage. Texas governor Rick Perry, whose brain freezes and loutish yucks over his role as the nation's top executioner of lower-class misérables (and at least one innocent man) make his predecessor George W. Bush look like Adlai Stevenson, calls buyout specialists like Romney "vultures" who "swoop in…eat the carcass, and…leave the skeleton" of companies they target. Romney, he said, is a "buyout tycoon who executed takeovers, bankrupted businesses, and sent jobs overseas while killing American jobs."
"Governor Romney enjoys firing people - I enjoy creating jobs," added Jon Huntsman.
These are Republicans?
What's up?
"For all the talk about this being a center-right nation, there's a realization that Americans are uncomfortable with excessive greed and the kind of ruthless, screw-the-workers style of capitalism Romney used to get rich," Steve Benen writes in Washington Monthly.
Greg Sargent of The Washington Post chimes in: "The leading GOP candidates are on record arguing that Romney's practice of [capitalism] - which he regularly cites as proof of his ability to create jobs, as a generally constructive force and even as synonymous with the American way - is not really capitalism at all, but a destructive, profit-driven perversion of it. Thanks to them, this is no longer a left-wing argument."
(Actually, destruction and profit-taking are the essential cores of capitalism. But why quibble? Everyone agrees that capitalism sucks. Yay!)
Times are changin'. According to polls, communism is more popular than Congress. So why isn't the party of the left jumping on the Wall Street-bashing bandwagon?
Throughout the 2008 campaign and his presidency Barack Obama has taken pains to reassure the 1 percent that if he's not exactly one of them he'll look out for their bank accounts. Certainly he has enacted policies that have increased the gap between rich and poor while sucking the life out of the dry husk of the middle class.
Meanwhile, revolution looms.
Why don't the Democrats see it? Don't they understand that capitalism is discredited? Newt Gingrich does. So do most Republicans.
It comes down to a simple explanation: Everything has changed, but not the Democrats. They've always been slower than the GOP to recognize the shifting winds of American politics, slower to respond, inept when they try.
We used to be a center-right country. Now we're left-right. Soon we'll be left-left. Both the Dems and the Reps will be left behind. In the meantime, watch the dying Republicans make the most of an agenda that ought to belong to the dying Democrats: bashing the rich and greedy.
If nothing else, it'll be entertaining.
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What a GREAT way to put it! Keep up the good work Mr. Boehner, Mr. Cantor, Mr, McConnell, Mr. Norquist, Governors Walker, Scott, Haley, Mr. Rove, Mr. Gingrich/Romney/Paul/Perry/Santorum. At the rate you guys are going it's Obama in a landslide next fall!
Wake up!
don't vote for r's or d's. vote 3rd party or else you are against the 99 percent.
ANY VOTE NOT CAST FOR OBAMA is one vote in favor of shifting the Supreme Court farther to the right and for uncounted right wing lifetime appointments to lower-but-still-powerful judicial positions.
ALSO! Any straight thinking progressive/liberal American who does not vote is, in fact, casting half-a-vote for the opposition!
VOTE . . , BUT NOT FOR A REPUBLICAN OR A HOPELESS THIRD PARTY DREAMER.
So vote for progressive congress folks to try to recover the house and balance the presidency. Then vote for Rocky Anderson with a clear conscience.
I don't vote for a specific person b/c someone else might win. There's no way I could put a check next to Obama's name after all he has done against us and all he has not done that he said he'd do. He has taken up where Bush left off including continuing the fake war on terror.
How could either of you vote for a man who just signed the detenetion of Americans law and turned this country into a full-fledged police state? Have you no self-respect?
Sure, Romney is a pewk, but he's really no different than Obama b/c they both work for the 1 percent, they both lie, they both are for making our lives worse, they are both war mongers (war is profit - American is building empire) and so on ad nauseum.
So won't matter which one of any of the R's or Obama wins b/c we have a one-party system.
So I'll vote what my heart tells me or I won't vote b/c the elections are fixed anyways.
You are both pragmatists. Pragmatism is prostition. Or one can also say that by voting for Obama, you support what he is doing which is not in the best interest of this nation or we the people.
They dont feel anything but greed and selfishness. I agree with you Rick, they are nothing but a bunch of A-holes and idiots on parade!!
It's time to take OUR country back from the "Money Changers in the Temple", including those who use their anti-gay vehemance to muster votes favoring the gestating fascist state looming before our very eyes ... via the treasure of the abominably rich and powerful Koch bothers ... and their ilk ... History is about to repeat its' the hand it played in Nazi Germany in the 1930's.
Rinse and repeat.
Do you think Perry really mourns the demise of Glass-Steagel? Yeah, me too.
Why is someone who has called for Obama's resignation a subversive? Kindly explain.
If someone had called for the resignation of Bush, would you have named that person a subversive as well?
Or is subversiveness selective for you?
Clearly an intelligent understanding as Adam Smith portrayed it does not include a self-destructive greed at is core. Think of the enlightened self-interest of Henry Ford in deliberately paying his employees a "living wage" so they could afford to buy the cars they were building. Leonard Swidler
That same sort of "enlightened self-interest" would serve the economy well if encouraged regarding protection of the Social Security and Medicare Benefits Programs. The aged recipients of those "Earned Benefits" put their optional disposable monies into the circulating economy; nourishing cash flow locally and supporting free enterprise shop keepers. We express our allegiance to American free enterprise by denying elective office to those evil doers bent on "privatizing" SS and Medicare for personal gain ... spelled "GREED. Imagine the dibilitating affect the Wall Street "vultures" would have dealt to the peoples retirement funds if WS had had control of those funds under "privatization" in recent years. Many of us lost tens of thousands of dollars in our 401 K nest eggs totally because of WS shenanighans. If it weren't for SS and MediCare, untold millions of genuinely work devoted Americans would be pauperized today and unable to contribute to the health of the economy.
Capitalism?
Judging from the numbers of people & fortunes that these so-called capitalists are gobbling up, wouldn't it be more accurate to call them cannibalists? .
...with the Democrat candidates about to join them shortly?
democrats, dying??? I DON'T THINK SO.
Democrats don't get it?? This is an absurd article.
Democrats sure DO get it. We are furious at Wall Street and the banks destroying the lives of people by just forclosing on homes instead helping people find a way to save their homes and lives.
They are also ruining it for people, still in their own homes, living on streets with several empty homes, that may be taken over by drug dealers. THEIR PROPERTY is now falling in value. Oh we get that too.
And we get that big corporation, which COULD start new manufactoring...are just sitting on the money, probably asked to by repugs, to make Obama look bad
We get that the repugs won the "house" because they said they "were going to create jobs????"... WHAT A CROCK,.... They have created nothing but misery, chaos and anger over a bunch of people, WHO SHOULD WORK FOR US, BUT CAN ONLY SAY NO, NO, NO.
And we get, that in spite of terrible times,... and high unemployment....Obama may still stay in the White House
BECAUSE THE REPUGS HAVE DONE NOTHING BUT OBSTRUCT and have put up the most inept
bumbling bunch of clowns and greedy guys to run for the presidency. At least half the party DON'T even want the front runner!!
And I have a sneaking suspicion the rest of the country don't want him either.
OH YEAH....WE GET IT TED.
Still it is...to me..clear, that THE ONLY INTERESTS THE REPUGS SERVE IS BIG MONEY.
The better democrats DO TRY to help regular Americans. Did the repugs EVER??? My turn. NO,NO, NO. They will kill all social programs, given a chance.
It is not big enough, but there IS a difference
NEVER VOTE REPUBLICAN! And don't vote 3rd party this year, either. The only chance we've got is to kick the repigs out of DC, put the dems back in in full strength, and then hold their feet to the fire!
Obama is not the lesser of two evils. Anyone who could sign into law a bill that calls for the detention of Americans willy-nilly is no better than any other fascist dictator.
Not that a Repuke wouldn't have done the same, but it's Obama who did this and who also has done everything for the 1 percent and against the people who elected him. He's not going to change if he wins another term on the throne.
He hasn't done everything the Republicans wanted. That's just his excuse. He's getting exactly what he wants.
If we put the dems (REAL dems, not blue dogs!) in power in the White House AND in Congress, I do not believe it will be 4 more years of the same thing. The whole dynamic in the country has changed, and I believe will continue to change, with the advent of OWS. I think OWS will continue to grow in strength and numbers, and I believe that when Obama has the power of an awakened people behind him, holding his feet to the fire, things WILL begin to change in government.
I do not understand some of Obama's decisions, very true, and I'm extremely unhappy about some of them, but I also don't know what kind of pressure he was under when he made them. And don't forget, during his first couple of years in office he had not only the repigs to contend with but the blue dog dems.
No Obama is a part of the problem, Clinton did not over step. she had to discuss with Obama what was his strategy and obtain his approval. Who can we count on to counter this "overthrough" of the US Constitution by those we elect or could elect...Who among us have the means or resources to even run a campaign, and better yet to stay alive during it...
And this is the one point on which I agree with you -- as far as it goes. But be aware that WE do not know what kind of threats those orders may have included. I am not offering a wholesale defense of Obama; I suspect I dislike the same decisions you do. But I do not believe ANYBODY can do any better under our present system.
The system HAS to change, and that is where I look to OWS. Remember, there are many millions more of the 99% than the 1%, no matter how much money they have. I have no crystal ball to tell me what is going to happen, but I believe in the power of the people, and I believe the people are finally awakening from the nightmare of the last 10 yrs, especially, but actually going back farther than that.
What I want to see is them ACTING FORCEFULLY and doing everything they can to correct the situation instead of acquiescing to the destruction of the U.S.
I'll bet you aren't furious enough to do anything other than vote for obama and then wonder why yet again NOTHING changed.
But whatever it's alllllllll the repugs fault, right? Yeah that noise is getting old to me. How about this? It's YOUR fault. It's MY fault. It's all OUR fault. We truly are the fools doomed to repeat the mistakes of the past because we refuse to learn the lessons of history.
We will continue to vote for even the most corporate and corrupt democrats like obama rather than a 3rd party candidate because we are brainwashed by the Lesser of 2 Evils and Bandwagon propaganda.
Well no more for me. I'm voting for the Green Party. I'm going to start acting towards the change I want to see manifested. If the democrats want my vote again they'll have to show me the primary challenger to obama and the rest of the corporate robots in their party.
Anyone that feels compelled to respond to me by telling me how terrrrrrible it'll be if a repug is in the white house can just save it for someone else. In my view obama IS a repug in all but name. Given his recent signing of the NDAA I'd even go so far as to call him a neocon-in-a-liberal's-clothing. So the Lesser of 2 Evils propaganda wont work on me because I recognize it for what it is which is blatant propaganda.
It is the fault of the people who just keep thinking inside the box and who are terrified of their own shadows.
OMG, a Republican might win! So? Won't make any difference. Has no one noticed that Demcorats in D.C. just keep whining as they continue to work for their money masters?
The only difference between the 2 parties is that Republicans are up front about hating you.
Be the change you want to have in all facets of your life including in the voting booth. Otherwise, you have no right to complain b/c you will get what you deserve if you vote for a Repuke or Obama. His signing of the NDAA after his dog-and-pony show about vetoing it should be a large red alert if you weren't already leery of him.
Speaking alongside a group of business executives in the East Room, Obama said that rising American productivity and increasingly competitive costs add up to "a unique moment, an inflection point" for businesses to invest in the U.S. and bring jobs back home. And he argued there's a moral case for it, too, and that business leaders have a responsibility to their country.
"So my message to business leaders today is simple: ask yourselves what you can do to bring jobs back to the country that made our success possible — and I'm going to do
Brotherdb has quoted the AP story as a form of sarcasm. He didn't stop in mid sentence. He stopped quoting the story at the perfect place place (Obama hasn't done anything he said he would do in the story or otherwise).
That promise is four years old! Brother Barrack told us that and not a wimper in that direction.
He had his chance - try voting for Rocky Anderson - At least you will be able to say that you voted for the best and not the less worse of the worst choices.
Hang in there
I truly wish that Ted Rall didn't refer to Repubs as Socialists in the title of his article, or at least putting the word in quotes, as Repubs are anything but. Other than that, very good article.
unregulated abuse of capitalism.
like everything else, capitalism is not self regulating as alan greenspan tearfully acknowledged. it takes a lot of effort to keep a market free. unregulated, markets become monopolies, which are by definition not free.
Just a pity that he doesn´t deserve it.
I wonder how long that's gonna last?
To Create jobs they have to create demand for products, that means money in the hands of Mr. and Mrs. America not wall street, This depression did not have to happen...Obama could have provided the aid to the banks for a principle amount reduction on our mortgages... The banks needed the money so badly they would have grabbed it under those terms, and guess what No foreclosure epidemic...
I am sorry, but sometimes, the less than perfect is the best we can do.
In regard to jobs, the infrastructure jobs Obama has been trying to get started would certainly help both people and the economy.
Romney will do the standard republican fix,..... tax cut for the wealthy... His tax program is doing just that. I heard it will penalize the middle class and give great breaks to high income earners.
And why not? We witnessed a total raping and pillaging of the entire economy by a ruthless Wall Street crowd that appears to have avoided any form of prosecution for their crimes.
For those of us old enough to remember the days of the Cold War and the "communist threat," it's amazing to see how the capitalism condemned by the old Soviets has failed us.
Communism isn't the answer, but the kind of Romney capitalism described here isn't either.
And when was the last time we ever heard someone refer to our great supplier as "Communist China?" That term seems to have disappeared quite nicely.
It's amazing how big money talks!
He's seems to still hold onto the quaint assumption that ideas and people run the show.
No, it's MONEY.
Follow the money, Ted. Show me the money.
True, the GOP have presented us with a clown car full of almost unimaginably dangerous idiots---- to vote third party will may well doom us to a Republican presidency as it did when Nader ran. Deceitful man; he said he'd drop out of the race if it looked close and then did not. As angry and ignorant as so much of the American populace is, they'll vote for the GOP candidate because they blame Obama for the disasters he inherited from Bush. Obama has certainly made some mistakes but he has had the shamelss, ossified Party of No to contend with.
My hope is that as a second term president, he will push through the social and environmental programs that he talked about in his campaign, that we will see a president who more closely resembles FDR and LBJ, a president who will not negotiate the overall well being of the people and the nation. FDR and Johnson were certainly not saints but they ensured that many programs were legislated which helped millions of people and improved the quality of life in this country. I hope that Obama will demonstrate some of that strength of will in a second term.
I cannot imagine without horror a Republican at the helm in the days to come.
What we are is an ideologically diverse, if not incoherent, nation ruled by a coalition of corporate socialists and loony fundamentalists who bought their way into power and are willing to shoot to stay there.
Obama has screwed the people with his "flacidity". Stand up erect to this WS pimp, people.
"Voila!"
Even our Supreme Court is corrupted. Now these pudenda heads are sitting on $billions and like vowing not to put a cent into the economy unless they get their way.Guided only by their bottom line and with no loyalty or character, they are not going to give up easily. We need progressives in Congress and a Prez who at least is smart enough to understand our situation. Obama. Sometimes a holding pattern is all that we can get. Between Obama and Harry Reid, a lot of sheer guano gets weeded out of bills. And some times we win a battle quietly. A Romney white house would ignore the right-wing guano and let it be encoded into our laws. What a place to live that would create.
DON’T SPLIT THE VOTE!!! That is how Dems. defeat themselves. Lump it and vote for Obama and, yes, AGAINST everyone else.We don't need a dummy or a novice. Obama is smarter than anyone on the block.
DON'T SPLIT THE VOTE!!!
We Knew It All Along
We Were Liberated From The Fold, That's All
And The World Looks Just The Same
And History Ain't Changed
'Cause The Banners, They Are Flown In The Next War
There's Nothing In The Streets
Looks Any Different To Me
And The Slogans Are Replaced, By-The-Bye
And The Parting On The Left
Are Now Parting On The Right
And The Beards Have All Grown Longer Overnight
Then I'll Get On My Knees And Pray
We Don't Get Fooled Again
Don't Get Fooled Again
Meet The New Boss
Same As The Old Boss
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