Friday, July 29, 2016

Hillary Born Again as Tax Wall Street Progressive?

     The Bernie Sanders movement, inheritor of the Occupy Movement, has done its work. Hillary Clinton had no place else to go other than to embrace their agenda and come out against the power of Wall Street, and the terrible march of inequality, accelerated since the 2008 Crash, thereby putting her at odds with some of her most important backers, and possibly the Democratic Party establishment. Is this a real rebirth? Is there really a New Hillary (remember the New Nixon?)?
    When she posed the rhetorical question last night of who will pay for free college tuition, she quickly answered that she would tax the wealthy, the corporations, making them pay "their fair share." This is Bernie's position, but she had nowhere else to go. She just couldn't avoid the issues of inequality, of corporate dominance, of the exploitation and suffering of students, agonizing under mountains of debt, their lives and productivity lashed to the voracious banksters. I wonder what these same financial interests thought they'd get for their investment in her campaign.
     But these issues have been out in the open at least since the Occupy Movement, and this is arguably their first tangible positive fruit: their embrace by a major candidate in a Presidential race. If Hillary has been calculating and opportunistic in the past, if she's felt she had to prove her military mettle, if she's relied too much for her appeal on her humanistic empathy for suffering mothers and children, then she moved towards expanding this last night in her acceptance speech. She obviously gets it; the question is, will she sustain it? Will she survive a position that disciplines her financial backers, who are so used to buying political power and corrupting it in their short-term favor?
     Given the unthinkable alternative in Trump, can she appeal to their better angels, evince their suppressed altruism, turn them into allies, as Roosevelt had allies in the banking industry, like Chase president Winthrop Aldrich (1885-1974), but who have only existed since Bill Clinton's time as the dominant partners in the alliance (see Nomi Prins's book All the President's Bankers)?
    No President or Presidential candidate has survived since Roosevelt who has taken this position, one which challenges the power of Deep State actors, the ones, in this case, who control the financial resources of the country, who until now, have been able to get the President to bail them out when their gambles went south, while stiffing the masses of mortgage holders. So Hillary runs a real risk of being violently removed from office, should she win and try to make good on these new promises.
     Yet these same Deep State actors cannot very well support Donald Trump, a breathtakingly ignorant and unprepared candidate, with a discredited financial past, whose only strength is his threatening bluster (one wonders how he's been able to enlist so many people in his support—another symptom of the failure of our education system?) Will they finally realize that the pendulum is swinging back, that their party is over? Or will some of them try to bring Hillary back into the establishment fold, where Obama still sits, funneling them money?

No comments:

Post a Comment