Tuesday, February 23, 2016

The Little Guy is right about the little guy

By Mouser the King Cat


The pundits, professors and professional blowhards who analyze politics on TV have grown increasingly tiresome. The disconnect from reality is on display every day and night.

Robert Reich, a professor at Cal-Berkeley, cuts through the clutter by calling the GOP and Democratic races what they are – a populist rebellion not likely to end soon.

Reich says:
 A respected political insider recently told me most Americans are largely content. “The economy is in good shape,” he said. “Most Americans are better off than they’ve been in years. The problem has been the major candidates themselves.” I beg to differ.

Economic indicators may be up but they don’t reflect the economic insecurity most Americans still feel, nor the seeming arbitrariness and unfairness they experience. Nor do the major indicators show the linkages Americans see between wealth and power, crony capitalism, declining real wages, soaring CEO pay, and a billionaire class that’s turning our democracy into an oligarchy.

He goes on:
There’s no official definition of the “establishment” but it presumably includes all of the people and institutions that have wielded significant power over the American political economy, and are therefore deemed complicit.

At its core are the major corporations, their top executives, and Washington lobbyists and trade associations; the biggest Wall Street banks, their top officers, traders, hedge-fund and private-equity managers, and their lackeys in Washington; the billionaires who invest directly in politics; and the political leaders of both parties, their political operatives, and fundraisers.

The article cites the obvious candidates benefiting from the new prevailing mood – Trump and Sanders – but leaves out Ted Cruz, a conservative hated by the establishment.

Professor Reich has been a regular on TV since serving as Secretary of Labor in the Clinton Administration, so look for him to expand on these thoughts in the next few days. I’ll close by answering a question you were dying to ask: He stands 4 feet 11.



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