I agree that the whole system is corrupt. However, and I repeat, however corrupt dems are, they will leave crumbs for everyday Joe and Jane. Repbubs, as their track record amply shows, will not even do that.
I also agree with you that "less bad" is not good enough. What do you suggest, seeing as the president requites about half a billion dollars to be on the ballot? Those that supply that kind of cash expect something in return, no?
Yes, they did leave crumbs years ago while the Republicans gave the whole loaf of bread to Wall Street.
Clinton changed all that when he terminated Glass/Steagall and many other bad policy, so Wall Street can contribute to Democrats also.
NAFTA, 1996 Telecommunications bill, etc. etc.
Obama had the most donations from average Americans then any other president before him, AND STILL sold out to Wall Street.
Financial Sector Investments In Congress and the Senate Banking Committee / January 21, 2010 /
The financial sector greased the wheels of deregulation in Congress in the decade leading up to the economic meltdown. In the wake of the crisis, financial firms hope to erect enough roadblocks in the way of reform to preserve the status quo. http://www.consumerwatchdog.org/resources/Fin...
Obama's Half-Baked Bank Reform
Wall Street has already figured out how to game the president’s proposal to reform the banking system. Former Goldman executive Nomi Prins on how to stop the trickery./ January 22, 2010 / http://tinyurl.com/yz4tz8g / by Nomi Prins
Seeing Paul Volcker, former Fed Chair and chairman of the Economic Recovery Advisory Board, lord over President Obama yesterday as he made his proposal to limit the scope and size of financial institutions, it was easy to imagine him saying “I told you so.” Volcker, after all, has been a long time advocate of slicing up banks and prohibiting them from the majority of speculative activities.
But as I called around New York and Washington yesterday, it already seems that Wall Street has figured out ways to circumvent the administration’s plan, which centers on “proprietary trading”—risky bets the banks make for their own accounts.
Time to Reign in Out-of-Control Corporate Influences on Our Democracy
by Ralph Nader / January 23, 2010 / http://tinyurl.com/ycwqwnw
Thursday's 5-4 decision by the U.S. Supreme Court in Citizens United v. Federal Election Commission shreds the fabric of our already weakened democracy by allowing corporations to more completely dominate our corrupted electoral process. It is outrageous that corporations already attempt to influence or bribe our political candidates through their political action committees (PACs), which solicit employees and shareholders for donations.
Much of this 183 page opinion requires readers to enter into a fantasy world and accept the twisted logic of Justice Kennedy, who delivered the opinion of the Court, joined by Chief Justice Roberts, and Justices Scalia, Alito, and Thomas. Imagine the majority saying the "Government may not suppress political speech based on the speaker's corporate identity."
Perhaps Justice Kennedy didn't hear that the financial sector invested more than $5 billion in political influence purchasing in Washington over the past decade, with as many as 3,000 lobbyists winning deregulation and other policy decisions that led directly to the current financial collapse, according to a 231-page report titled: "Sold Out: How Wall Street and Washington Betrayed America" (See: http://www.wallstreetwatch.org ).
The Center for Responsive Politics reported that last year the U.S. Chamber of Commerce spent $144 million to influence Congress and state legislatures.