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In reply to the discussion: Dem Party Disaster: Subservience to Wall St. Is Destroying Its Foundations [View all]freshwest
(53,661 posts)monied interests made the case to Washington, D.C. that they could do a Latin American style coup if they weren't protected. That is why, IMO, it happened, not a pay off or toadying, more like a armed robbery. Wall Street was armed with the debt fo the USA, the capital needed to make it work; and they played their Superman games and would have lost their shirts in the era before Reagan.
But what's the use of being Rand's Superman without being free of regulation and laws that only apply to those lesser than the Masters of the Universe?
They had to get their first, or be subservient to the will of the people and the government. So they held up Bush, Jr., the Congress and then Obama. They had the means to bring the nation to its knees and those Democrats who saw the relationship for what it was made Sophie's Choice to save one innocent.
But the Supermen has tasted blood and set about to ruin the Obama presidency anyway they could, but we've all known logically that they hold the sword over our heads. And it appears that people have just tuned out and are going to let them have their way.
Because Wall Street is not just fat cats. It is the pension fund holders of the investment of millions of Americans, as well as the ones who literally pay the bills for Social Security and other government functions. It has existed longer than our current form of government.
It's all been so tightly woven over the years, that those in power don't actually separate it from the needs of the public anymore. But now it's been infected with virulent greed as suceeding generations fell under the spell of Randian economics and voted in those who would do their will.
Which is so close in its end game to the plantation and colonial systems, that people dare not look it for what it really is. Instead, they fantasize about having simpler lives that they still do not control. The heart of commerce has been gutted. The true boot in the face is one that which cannot be removed from office and does not need to respond to the public will or need, even less than feudal lords did.
JMHO.