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Sep 20
2008
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The Failing Economy Helps ObamaPosted by Don Pesci in Untagged |
Q: So, we have a business meltdown. Who does it help or hurt, Barack Obama or John McCain?
A: It helps Obama, because he has successfully presented himself to the voting public as an agent of change and, if we are in the pickle jar, we want to get out of it by the quickest possible route. We want to overthrow the old order that has brought such misery to the people. Obama has managed to position himself on the side of the angels. He is the new thing; McCain represents the tawdry status quo. And what is the status quo? Its hobnailed boot is everywhere. The status quo is represented by greedy businessmen who rake off millions in profits from the companies they trash. They then expect hard working Americans to shell out tax money to fix their broken enterprises. The trouble began with deregulation. Once the regulators were out of the room, the jaws of predatory businesses snapped open and smaller competitive businesses were swallowed up by behemoths like AIG and Countrywide, businesses that, as we have seen, have grown "too large to fail." The regulations removed by Republicans and Democrats in the congress who were friendly to big business, might have tempered the consciences of the CEO's whose failures are now so conspicuous. Reestablish the regulations and everything will be fine. That is a compelling narrative, is it not?

