President Obama and the Democrats have not received their proper due from the body politic for saving us from financial collapse, which all too easily could have come with the Great Recession. In fact, even AIG, the last of the big bailout recipients, has just agreed upon a plan to pay back the U.S. taxpayers. Most importantly, the Democrats have ensured that from this point forward healthcare will be deemed a right for all in the US, like primary and secondary school education. The Democrats also enacted new laws to protect consumers from the abusive and predatory credit card and mortgage practices of financial companies; began to ensure better taxpaying compliance and rules to ensure fairness in our tax system and redistribute some wealth (from the top 1% of Americans who have taken nearly 25% of the nation’s wealth). They have made financial aid for college more generous, easier and less expensive to access; saved the auto industry; assisted the moribund housing sector; brought serious reform to the education field including valuing difficult to teach students over teachers unions; invested in next generation energy efficiency and scientific development.
President Obama and the Democrats have changed or begun to change the U.S. from a place where one can, with impunity, primarily look out for ones’ own financial interest, to a place where one is required to look out for those who are less fortunate. Yet, the “sacrifice” President Obama and the Democrats have asked for comes only from those at the top of the financial pecking order. The contribution called for from those at the top is still less than required by those who live in most European countries and developed Asian countries. All the squealing one hears comes from those simply defending the old “wild west” concentration of financial-based power, clinging to every last vestige, from their now familiar perch.
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