General Discussion
In reply to the discussion: A profound thanks to those who invoke FDR and the New Dealers [View all]truedelphi
(32,324 posts)Those universal and greedy things that happened in terms of our Federal government's workings and also those of the state legislatures, but I also noticed how the children of wealthy Democrats started to change. Apparently once you get controlling interest in your parent's company, you start to see the wisdom in not paying employees so well. You realize that the moment that a bit of hard times hits the economy, you can declare bankruptcy for the company and fly out of there on a golden parachute, while the workers' pensions go under, as bankruptcy allows for "legit" debts to be paid first, while pension funding can be raided or abandonned.
Really sad to see childhood friends become little Mr and Mrs Reagan's. Although they still have that Obama sticker on the car and what not, they are as Republcian as anyone that Reagan ever sat down to eat dinner with.