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SYNDICATED COLUMN: Republican Socialists, Democratic Capitalists

Wednesday, January 11th, 2012 by Ted Rall

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.)

Posted in 2012 presidential campaign, adlai Stevenson, Bain Capital, Blog, capitalism, child labor, Collapse, Columns, Conservatism, economy, GOP, greg sergeant, Ideology, jon huntsman, Layoffs, lehman brothers, mitt romney, newt gingrich, pseudodemocracy, Republican Party, republican revolution, rick perry, Socialism, steve benen, vultures, wall street, wall street journal, Washington monthly, washington post | Comment

Consumer Confidence

Monday, August 8th, 2011 by Ted Rall

Consumer confidence hits new lows. Gee, what a surprise–no one has any money, nor any prospect of earning any.

Posted in cartoons, Collapse, Consumer Confidence, Consumerism New, Debt, depression, economy, Joblessness, Jobs, Layoffs, Purchasing, recession, Savings, Unemployment | Comment

SYNDICATED COLUMN: Boycott the 2012 Election

Tuesday, August 2nd, 2011 by Ted Rall

Hey Liberals! Time to Stop Getting Rolled

We might as well have defaulted.

Regardless of where you stand politically, the deal to raise the federal debt limit came too late for the U.S. to achieve its main objective, avoiding the downgrading of debt issued by the U.S. Treasury that would have followed a default.

“The political and financial world surely thinks less of us now, and one demonstration of that will likely be a downgrading of the credit rating of the U.S., probably imposed in the next few months,” writes John Keefe of CBS’s Moneywatch. “The net result will be higher interest rates on U.S. government debt, which is likely to bleed through ultimately to higher costs for all sorts of other interest rates.”

The buzz on Wall Street says that Standard & Poor’s will soon downgrade T-Notes from a sterling “AAA” either to “AA+” or “AA”, the same as Slovakia. That’s exactly what would have happened had there been a default.

It is true: Our leaders are idiots.

“I have a home in Nevada that I haven’t seen in months,” said Majority Leader Harry Reid on the floor of the Senate. “My pomegranate trees are, I’m told, blossoming.” Too bad. He missed his pretty flowers for nothing.

Liberals got rolled.

Just like on healthcare.

Just like on everything else.

Everything about the way this deal went down, from the initial posturing to a compromise that will make the Great Depression of 2008-? even worse, along with Congress’ total lack of concern for the hardships being faced by the 20 percent-plus of Americans who are unemployed, has people disgusted.

“The big loser after this exercise is Washington,” Republican strategist Scott Reed tells The New York Times. The 2012 election “has the potential to be an anti-incumbent feeling in both parties.” Gee, ya think?

If any good comes out of the debt limit fiasco, it’s that this embarrassing showdown could serve as a long overdue wake-up call to liberals who still have faith in the Democratic Party. Maybe, just maybe, these ideological rubes will finally accept the obvious truth:

Those corrupt corporate-backed pigs just aren’t that into us.

So boycott the pigs. It is time for Real Liberals to kick Team Democrats to the curb. It isn’t hard. Next November all you have to do is…

Nothing.

Just.

Don’t.

Vote.

In other countries voter boycotts have a long and proud tradition as a way to effect pressure on a non-responsive political system. Think the politicians won’t care if you don’t vote? History proves you wrong. Even in dictatorships where only one candidate appears on the ballot, regimes go to desperate lengths to get people to turn out to vote. Why? It proves the government’s legitimacy.

Samuel Huntington cites the example of apartheid-era South Africa in his book “The Third Wave: Democratization in the Late Twentieth Century”: “In the 1988 municipal elections, the [pro-apartheid] South African government…clamped down on pro-boycott opposition groups and made it unlawful for individuals to urge a boycott.” The African National Congress then upped the ante, declaring its intent to “use revolutionary violence to prevent blacks from collaborating [by casting a vote].”

Extreme, perhaps. Effective, definitely. The ANC is now the majority incumbent party in post-apartheid South Africa.

Are you Real? Or do you play for a Team?

If you’re a Real Liberal, you espouse liberal values and policies that you think would make America a better place. If you’re a partisan of Team Politics, you only care about one thing—whether the Democrats get elected. You couldn’t care less about policy.

Which side are you on?

Like Clinton and Carter before him, Obama has sold out core liberal Democratic principles, such as fighting for the weak and poor and expanding the social safety net, as well as civil liberties. He can’t point to a single major liberal policy achievement. Heck, Obama hasn’t proposed a major liberal bill. Even so, Team Democrats will vote for Obama in 2012. Team Democrats are Democrats first, liberals last.

Real Liberals, on the other hand, have no reason to support the Dems. The debt limit deal makes this painfully clear.

Paul Krugman, the only reason to read The New York Times op/ed page, calls the debt limit deal “a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.”

Krugman is a Real Liberal. Real Liberals care about liberal policies—defending old liberal victories such as Social Security and Medicare, as well as struggling to achieve new gains like a public-works program to put the unemployed to work.

Real Liberals give Democratic politicians the benefit of the doubt. But after they prove themselves to be a DINO (Democrat In Name Only), Real Liberals withhold their support. Classic example: Joe Lieberman, the senator from Connecticut. Current version: Barack Obama and his allies.

Obama has been locked in an epic showdown with House Republicans for weeks. Matador vs. bull. Scary and exciting.

First and foremost, the debt ceiling debate was ridiculous from the start. The economy is at a standstill. Recent GDP numbers came in at a sub-anemic 1.9 percent, so low that the real unemployment rate of 21 percent will continue to increase. Foreclosures are emptying out whole neighborhoods.

The traditional, historically proven Keynesian response to Depression is for the government to spend more. Members of both major parties know this. Yet here they were, both agreeing to spend less, indeed to slash the budget by historic amounts. If the Democrats had an ounce of sense, much less principle, they would have refused to discuss budget cuts at all. (Although an end to the wars would be nice.)

Obama and Congressional Democrats went along with trillions in cuts, cuts that may lead to Soviet-style collapse. The Dems’ only demand was that a final agreement include tax increases on the wealthy.

In the end, the Hopey Changey matador hopped the fence and fled the stadium. The GOP got their cuts. The Dems didn’t get a cent of taxes on the rich.

OK, Real Liberals. It’s been three years. You know Obama’s record. Obama never fights. When he does, it’s for conservative values, like slashing the federal budget and giving our money to millionaire bankers.

Why would you vote for him, or any Democrat, next year?

I know, I know: the Even More Insane Evil Republicans would take over. Après nous, la deluge. To which I ask, really, truly, no sarcasm—what difference would it make?

What if John McCain had won in 2008? Do you think we’d be at war in more countries than Afghanistan, Iraq, Yemen, Somalia and Libya? Would the Republicans have done less than Obama for the unemployed and homeowners getting evicted from their homes?

How much longer are you going to tolerate the sellout Democrats? How many more times are you going to stand in line to cast a vote for these treacherous scum?

(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)

Posted in African national congress, anc, apartheid, Barack Obama, Bill Clinton, Blog, CBS, Collapse, Columns, debt ceiling deal, Debt Limit Crisis, democracy, Democratic Party, Harry Reid, healthcare, jimmy carter, John Keefe, Keynes, Keynesian, legitimacy, Liberals, Moneywatch, New York Times, paul krugman, Real Liberals, Republican strategist, rolled, Samuel Huntington, Scott Reed, Senate, Slovakia, South Africa, soviet, Standard & Poor's, Team Democrats, Team Politics, voter boycott | Comment

State of the Union 2011

Friday, January 21st, 2011 by Ted Rall

As the U.S. economy continues its downward spiral, the State of the Union Address is the president’s biggest opportunity to try to convey a sense of normalcy.