General Discussion
In reply to the discussion: What the hell is Barack Obama's presidency for? [View all]pragmatic_dem
(410 posts)Democratic Party as a corporation - their first priority is to stay in business provide a return for investors and pay salaries for their executive staff. Now you might think those investors are voters. But the investors are actually super rich corporations and their proxies who fund campaigns.
Of course corporations have always been an influence, but Citizens United sealed the deal.
For the most part Wall Street is doing record business - bailouts, amnesty, Monsanto protection, neutered FDA and EPA.
So they have little to complain about. Note that only a minority of people actually have a stock portfolio worth more than a few thousand dollars (at best).
The theory goes back to "what's good for GM is good for America" - of course that is a lie - it wasn't good for America when they offshored the auto business and needed bailout because their cost cutting and low wages built shitty cars.