the GOP's "geezer empire" of billionaires

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AlterNet's Don Hazen talks to Charles Ferguson about Ferguson's new book Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America:

He is appalled that despite ample evidence of disastrous decisions and large-scale lawbreaking, much of it outlined in his film and his book, not a single person has gone to jail for a fiasco that has wiped out a good deal of the hard-working American middle-class' resources.

And he holds Barack Obama responsible, considering him a huge disappointment in his first term.

Funded by the GOP's 'geezer empire' of billionaires, the far right is using the lackluster economic recovery to justify a great leap backward:

Beyond the usual GOP jeremiads--cutting taxes and government spending, shredding safety nets, eviscerating federal regulation and privatizing whatever remains--many of the GOP's biggest moneymen have specific issues and goals, often business-related, and would expect a Romney presidency to advance those agendas.

Among the goals of "this posse of unbelievably wealthy white men who have written million-dollar checks to GOP super PACs and non-profits in 2012" are pushing fracking, promoting unconstrained financial speculation, repealing Dodd-Frank, weakening Sarbanes-Oxley, eviscerating consumer protections, and supporting Israeli extremists:

The GOP's billionaire donors--all white, wealthy men and patriarchs heading their own empires--have a lot in common. They know no rules other than doing whatever it takes to win. They don't take no for an answer. They keep at it until they get what they want. And they see Mitt Romney as a kindred spirit who shares their values and will get the federal government to step in, or step aside, to help them secure their next fortune.

Democrats shouldn't continue compromising with them.

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This page contains a single entry by cognitivedissident published on May 30, 2012 12:44 PM.

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