In North Carolina last week, Bill Clinton made the Democrats
swoon and long for the good old days when the economy hummed and the federal
budget boasted a surplus, and the most pressing national question was whether
or not Clinton lied about an Oval Office dalliance with an intern.
The passage of years hasn’t diminished Clinton’s silver
tongue and down home charm – he can still cast a spell on an audience, make
them forget history, believe in fairy tales.
My wife watched Clinton’s speech at the Democratic National
Convention; I listened from another part of the house. While appreciative of
Bubba’s oratorical flair, I couldn’t forget the inconvenient truth that it was
“New Democrat” Bill Clinton who supported the North American Free Trade
Agreement, ended “welfare as we know it,” signed the Commodity Futures
Modernization Act and dismantled the Glass-Steagall act, effectively
eliminating the firewall between investment and commercial banking and ushering
in an era of reckless and unaccountable financial deregulation that would
culminate less than a decade later in an economic nosedive nearly as severe as
the Great Depression of the 1930’s.
Clinton planted the seeds and George W. Bush nurtured them,
and now, twelve years on, ordinary people who work for their living find
themselves standing outside a forbidden forest, surrounded by high fences
topped with razor wire and No Trespassing, Keep Out signs posted every ten
yards. Trespassers Beware. On the far side of the forest a better future
awaits, but only a select few understand the ways of the forest and know a path
through it.
Alchemy happens inside this forest: the wealthy get
wealthier and while their influence and power grows, their accountability to
their fellow citizens diminishes. Having paid handsomely for laws written in
their favor, they have nothing to fear from government regulators or the legal
system or the masses. They are untouchable, free to wheel, deal, scheme and
steal, to force the sale of assets once owned in common at a profit, and to
measure every social function or service by the price a rigged market deems it
to be worth.
Life is grand on the far side of the forbidden forest.
The night after Bill Clinton energized the faithful, Barack
Obama promised to lead us all to this nirvana if we only close ranks behind him
and strive together. Though not as spell-binding an orator as Clinton, Obama is
no slouch before the teleprompter, and his call for unity and patience and
faith was momentarily appealing – like the Obama of 2008 – except when Truth
reared its head and those with functioning memories remembered that this is the
same Barack Obama who forsook the desires of the people who worked so hard to
elect him, the people he now needs in order to defeat his rival and retain his
crown.
This is the same Barack Obama who tosses his towel at the
first sign of resistance from the GOP; the Obama who supported – and continues
to support -- deficit reduction hysteria at a time when more government
spending is needed to jump start the economy; the Obama who expanded the
surveillance state; the Obama who unleashed Drone warfare; the Obama who has
done precious little about climate change – the most serious issue facing the
planet; the Obama who let criminal bankers off the hook; the Obama with nothing
to say about the War on Drugs or the startling number of Americans incarcerated
in federal or state prisons.
As it seems to every four years, the choice facing voters
boils down to one between bad and worse, between the lesser of two evils,
between two equally absurd and fantastic fables. The rhetorical question – are
you better off now than you were four years ago -- is a false one, because on
any number of fronts we are worse off, and not only because of Barack Obama.
When one party in a two party system dedicates itself to negation on rigid
ideological grounds, progress is impossible.
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