The Plutocrats Are Winning. Don’t Let Them!The vast inequality that the plutocrats and the oligarchs are creating is a death sentence for government by consent of the people. This is the fight of our lives, and how it ends is up to us. 1 2
In the fall of 2001, in the aftermath of 9/11, as families grieved and the nation mourned, Washington swarmed with locusts of the human kind: wartime opportunists, lobbyists, lawyers, ex-members of Congress, bagmen for big donors: all of them determined to grab what they could for their corporate clients and rich donors while no one was looking.
Across the land, the faces of Americans of every stripe were stained with tears. Here in New York, we still were attending memorial services for our firemen and police. But in the nation’s capital, within sight of a smoldering Pentagon that had been struck by one of the hijacked planes, the predator class was hard at work pursuing private plunder at public expense, gold-diggers in the ashes of tragedy exploiting our fear, sorrow, and loss.
What did they want? The usual: tax cuts for the wealthy and big breaks for corporations. They even made an effort to repeal the alternative minimum tax that for fifteen years had prevented companies from taking so many credits and deductions that they owed little if any taxes. And it wasn’t only repeal the mercenaries sought; they wanted those corporations to get back all the minimum tax they had ever been assessed.
They sought a special tax break for mighty General Electric, although you would never have heard about it if you were watching GE’s news divisions — NBC News, CNBC, or MSNBC, all made sure to look the other way.
They wanted to give coal producers more freedom to pollute, open the Alaskan wilderness to drilling, empower the president to keep trade favors for corporations a secret while enabling many of those same corporations to run roughshod over local communities trying the protect the environment and their citizens’ health.
It was a disgusting bipartisan spectacle. With words reminding us of Harry Truman’s description of the GOP as “guardians of privilege,” the Republican majority leader of the House dared to declare that “it wouldn’t be commensurate with the American spirit” to provide unemployment and other benefits to laid-off airline workers. As for post 9/11 Democrats, their national committee used the crisis to call for widening the soft-money loophole in our election laws.
America had just endured a sneak attack that killed thousands of our citizens, was about to go to war against terror, and would soon send an invading army to the Middle East. If ever there was a moment for shared sacrifice, for putting patriotism over profits, this was it. But that fall, operating deep within the shadows of Washington’s Beltway, American business and political mercenaries wrapped themselves in red, white and blue and went about ripping off a country in crisis. H.L. Mencken got it right: “Whenever you hear a man speak of his love for his country, it is a sign that he expects to be paid for it.”
Fourteen years later, we can see more clearly the implications. After three decades of engineering a winner-take-all economy, and buying the political power to consummate their hold on the wealth created by the system they had rigged in their favor, they were taking the final and irrevocable step of separating themselves permanently from the common course of American life. They would occupy a gated stratosphere far above the madding crowd while their political hirelings below look after their earthly interests.
The $1.15 trillion spending bill passed by Congress last Friday and quickly signed by President Obama is just the latest triumph in the plutocratic management of politics that has accelerated since 9/11. As Michael Winship and I described here last Thursday, the bill is a bonanza for the donor class – that powerful combine of corporate executives and superrich individuals whose money drives our electoral process. Within minutes of its passage, congressional leaders of both parties and the president rushed to the television cameras to praise each other for a bipartisan bill that they claimed signaled the end of dysfunction; proof that Washington can work. Mainstream media (including public television and radio), especially the networks and cable channels owned and operated by the conglomerates, didn’t stop to ask: “Yes, but work for whom?” Instead, the anchors acted as amplifiers for official spin — repeating the mantra-of-the-hour that while this is not “a perfect bill,” it does a lot of good things. “But for whom? At what price?” went unasked.
Now we’re learning. Like the drip-drip-drip of a faucet, over the weekend other provisions in the more than 2000-page bill began to leak. Many of the bad ones we mentioned on Thursday are there — those extended tax breaks for big business, more gratuities to the fossil fuel industry, the provision to forbid the Securities & Exchange Commission from requiring corporations to disclose their political spending, even to their own shareholders. That one’s a slap in the face even to Anthony Kennedy, the justice who wrote the Supreme Court’s majority opinion in Citizens United. He said: “With the advent of the Internet, prompt disclosure of expenditures can provide shareholders and citizens with the information needed to hold corporations and elected officials accountable for their positions.”
Over our dead body, Congress declared last Friday, proclaiming instead: Secrecy today. Secrecy tomorrow. Secrecy forever. They are determined that we not know who owns them.Wait, before you go…
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