In a startling reversal of conservative orthodoxy, which is militantly capitalist, Newt Gingrich and Rick Perry–both right-wing conservatives–attack Mitt Romney for his past as a gangster capitalist.
SYNDICATED COLUMN: Republican Socialists, Democratic Capitalists
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GOP Pols Exploit Anti-Wall Street Rage
Newt 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.
(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)
COPYRIGHT 2012 TED RALL
Democratic Primaries Minus Democracy
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Despite a crashing economy and angry liberals, Barack Obama runs unchallenged in the 2012 Democratic Party primaries.
Secrets of the Mitt Romney Tax Return
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Why won’t Republican candidate Mitt Romney release his tax returns? What is he hiding?
AL JAZEERA ENGLISH COLUMN: The Inevitability of Mitt Romney
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“Conventional wisdom” has kept other GOP candidates at bay and ensured Romney remains the likely Republican nominee.
“Why don’t they like me?” Time magazine asked on the cover of its December 1, 2011 issue, next to a face shot of a bushy-browed American politician Mitt Romney.
According to that nebulous vapour that accompanies conventional wisdom, the former governor of Massachusetts will inevitably emerge as the Republican Party’s nominee to challenge President Barack Obama in November.
The wise white men of the media also posit that the GOP isn’t happy about it. The pundits say that Republicans feel that it’s Romney’s turn in a party that traditionally hands its top spot to the guy (Dole, Reagan, Bush, etc.) who’s been patiently waiting. The pundits also say that Republicans also feel that Romney is too liberal, too squishy, and too Mormon for a party that has been hijacked by its right-wing Tea Party faction and right-wing Christian fundamentalists based in the South and Midwest.
As these conflicting narratives play themselves out in editorial pages and news analyses, the twisted relationship between media determinism and popular democracy is being exposed in sharper relief than in any recent election.
Reporters tell us – and no doubt believe – that they are dutifully relating the Republican Party’s discomfort with Romney’s inevitable turn.
There was no mention made of a similar inevitability when Hillary Clinton, heir apparent to the Democratic throne, was vying for the Democratic nomination four years ago.
Phil Singer, adviser to Hillary in ’08, was quoted in an October 13, 2011 ABC News piece (headline: “Is Romney Inevitable?”) saying that there’s a “Goldilocks balance” to the inevitability dance: “You want to be inevitable, but not too inevitable because it takes away a sense of urgency from your supporters”, Singer said. “If you create this perception of inevitability you run the risk of seeing a more lacklustre turnout than you would need for a favourable result.” But, on the other hand, he also said that “inevitability is an asset in terms of chilling your opponent from raising money and mounting a challenge”.
But what about the media’s role in a story they’re supposed to be covering, rather than shaping? Would Romney be the widely-accepted frontrunner without their description of him as such? Would Republicans be annoyed by Mitt’s reputation as a flip-flopper – a tag that could stick to just about any politician anywhere – if the punditocracy didn’t go on-and-on about it?
Over
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Right-wing candidate Herman Cain can’t be defeated by supporting evil policies…yet gets laid low by getting caught getting laid.
Fundraising for Good (for Once)
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What if Obama used his talents for goodÑfundraising for the poor and unemployed?
SYNDICATED COLUMN: Why Settle for Second Worst?
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Democratic Party Needs a Democratic Primary Process
What a comedown!
In 2008 Barack Obama ran on hope and change. His reelection bid relies on fear (of Republicans) and stay-the-course (lest said Republicans slash even more Medicare than Obama is willing to give away).
Inspired yet?
Yeah, yeah, anything can happen in one year—the GOP could nominate Bob Dole again—but it’s getting harder to imagine a scenario in which Obama wins reelection. The tsunami of bad economic news has become so relentless that last week’s story that one out of six Americans have fallen below the poverty line came and went with nary a shrug. (On the bright side, we’re just ahead of Indonesia. On the other side, Russia won the Cold War after all.)
Obama’s threat to veto any debt bill that doesn’t include taxes on the rich is supposed to signal a “new, more combative phase of his presidency, one likely to last until next year’s election as he battles for a second term,” as the New York Times puts it. But it’s too nothing, too late.
Tax increases get rolled back; Medicaid cuts are forever.
Rick Perry thinks the earth is a week old and Mitt Romney wears pink underwear and Michele Bachmann has crazy eyes. Unless they fart into the camera on national television, however, any of the leading Republican candidates will likely trounce a president who did nothing while the labor force shrunk by at least six million.
OK, he did stimulate the Martha’s Vineyard golf club economic sector.
On fifth thought, voters might overlook flatulence.
I had been wondering what accomplishments Team Obama planned to point to next year. Times editor Bill Keller helpfully lays it all out (I use the word “all” loosely) in an op/ed: “Lost in the shouting is the fact that Obama pulled the country back from the brink of depression; signed a health care reform law that expands coverage, preserves choice and creates a mechanism for controlling costs; engineered a fairly stringent financial regulatory reform; and authorized the risky mission that got Osama bin Laden.”
Let’s take these Democratic talking points like the trajectory of the U.S. empire: in reverse.
The trouble with assassinating Osama bin Laden is that once you’ve killed Osama bin Laden no one thinks about Osama bin Laden anymore. The Bushies understood this. Putting the Al Qaeda chief on trial would have been smarter politics (not to mention a sop to basic legal principles).
The new banking and securities regulations were too granular and timid for anyone to notice. Show me a president who bans ATM, overdraft and late credit-card fees, on the other hand, and I’ll show you a shoo-in for reelection. Or sainthood.
I don’t know what kind of health plan they offer on 8th & 42nd, but no one—not conservatives, not liberals, not anyone—likes what we know about Obama’s healthcare reform. The Right thinks it’s socialism. The Left wishes it were. What matters is that it doesn’t matter—Obamacare doesn’t going into effect until 2014. You can’t ask for votes of gratitude for a law that no one has experienced—and that many suspect will be repealed by the GOP or overturned by the courts.
Then there’s Keller’s first assertion: “Obama pulled the country back from the brink of depression.”
Um—Bill? Depression? We’re soaking in it.
The real unemployment rate (the way the government calculated it during the 1930s) is over 24 percent. That matches the highest monthly rate during the Great Depression.
But this Depression is worse than the “Great” Depression. You could buy an apple for a nickel back then. Now there’s high inflation too.
Not only are one out of four Americans out of work, the salaries of the employed are stagnant and getting eroded by soaring food and gas prices.
U.S. state-controlled media outlets like the Times are in the president’s corner. But their “without Obama the economy would be even worse” narrative is reducing their man’s chances next November. If there’s anything worse than losing your job, it’s a media that pretends you that you and your reality don’t exist. There never was a recovery; the economy crashed with the dot-coms in 2000 and never came back, what they called a “stimulus” was nothing more than a giveaway to bank CEOs, and now tens of millions of pissed-off people are itching for a chance to make a noise.
This, as Keller should know from reading the polls in his own paper, is why the liberal-progressive base of the Democratic Party is drifting away from Obama. They won’t vote for Perry or whomever, they just won’t vote.
Not since 1980 have the Democrats headed into a reelection campaign with such a weak incumbent president. Which prompts a question: Why is Obama running unopposed? A Democratic Party, it should go without saying, needs a democratic primary process.
A group of liberals led by former Green Party presidential candidate Ralph Nader has issued a call for one or more progressive leaders to run against Obama in the spring primaries. “Without debates by challengers inside the Democratic Party’s presidential primaries, the liberal/majoritarian agenda will be muted and ignored,” Nader said in a press release. “The one-man Democratic primaries will be dull, repetitive, and draining of both voter enthusiasm and real bright lines between the two parties that excite voters.”
It’s a nice thought, though it would be impossible to raise enough money to successfully challenge Obama at this late stage.
So get ready for The Return of the Republicans. I’m no James Carville, but I’ve seen enough presidential politics to know that anger beats fear.
Especially during an Even Greater Depression.
(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)
COPYRIGHT 2011 TED RALL
