Re: Barack Obama: The oligarchs' president

On Oct 27, 2010, at 9:24 PM, Lance McLain wrote:
> But consider the situation more broadly. If the two parties both lie  
> down for Wall Street in roughly equal measure, but fight viciously  
> over other issues, it is possible to construct a stable strategic  
> equilibrium. At the margin, the Democrats are slightly less  
> favorable to business, at least for unionized industries, but nobody  
> upsets the financial sector apple cart.

> This angers much of the Democratic base. But the Democrats avoid the  
> epic confrontation that would surely ensue if they were to take on  
> the financial sector, which would retaliate with a massively funded  
> effort. Instead, the two parties fight furiously, or at least  
> pretend to fight furiously, about a wide range of other social  
> issues that affect many voters deeply -- abortion, gay rights, gun  
> control, stem cell research, creationism, global warming, health  
> insurance and so on. Each side can credibly warn its base that if it  
> deserts the party, apocalypse may follow. So, while some citizens  
> may register as independents, or stop voting, or stop donating to  
> the system, the entrenched establishments of both parties will  
> remain safe.

Great explanation.  Politicians are cowards, refusing to take on the  
pirates that are robbing the public.

regards,
-Lance



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