The Democrats can’t lecture Romney about firing people [Guardian]

– Obama himself has never challenged the kind of rapacious capitalism he is desperate to associate with his opponent –

by Gary Younge

15 July 2012

[excerpted]

…In a slew of ads the Obama campaign has branded [Republican opponent Mitt Romney] the "outsourcer-in-chief" and run testimony from workers who suffered at Bain’s hands…

The issue here is not that Democrats offer no alternative to capitalism. Somebody should but they’ve never claimed to. But they offer no challenge to it in its most rapacious, exploitative and ultimately self-defeating incarnation of recent times. It is difficult to accept lectures on outsourcing from the party that introduced the North American Free Trade Agreement [NAFTA] – an outsourcers’ charter liberalising trade between the US, Mexico and Canada. The party that repealed the Glass-Steagall Act, loosening regulations that would have mitigated the worst effects of the most recent crisis, has no credibility to preach about business ethics…

…Given the opportunity to reform a banking system where venality, corruption and ineptitude were rife Obama decided instead to prop it up. As such he has proved himself more keen to save capitalism from itself than protect workers from its excesses.

He told the bankers at the 2009 meeting: "My administration is the only thing between you and the pitchforks." Next time he should get out of the way.

Full article link here

ALSO SEE:  ‘US presidential campaign: Cynical and reactionary “debate” over Bain Capital’ by Patrick Martin [WSWS.org]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: