A Black Agenda Radio commentary by Glen Ford
The Democrats are panicked, with many congresspersons fleeing from identification with their party. The disarray is the inevitable blowback of Obama's ceaseless campaign to divorce Democrats from their longtime branding as the party of working people. The spiral began with Obama's championing of bank bailouts, beginning with the autumn 2008 meltdown. The public saw that, "when the crunch came, the bankers were relatively more influential among Democrats than Republicans."
The Democrats: Death by Betrayal
A Black Agenda Radio commentary by Glen Ford
"By the summer of 2009, a new brand of Republicans, the Tea Party, had cornered the huge public market on hatred of big business bailouts."
President Obama and his corporate partners have succeeded in de-branding the Democratic Party. More accurately, events since the autumn of 2008 have revealed to even the most loyal Democrats that Wall Street's near-total domination of U.S. politics includes the party many once thought of as representing the working man and woman. This illusion was shattered when candidate Barack Obama near-singlehandedly rescued George Bush's bank bailout from a second defeat in a week, with Democrats twice as much in favor as Republicans. The Congressional Black Caucus reversed its strong opposition to the bailout under intense individual pressure from Obama, as did lots of Democrats. From that moment on, Obama and the Democrats have been most closely associated with what became the biggest transfer of wealth in the history of mankind: $12 to 14 trillion of the people's money to Wall Street. After that, it became impossible for the Democrats to maintain their brand as the party of working people.
The truth is, Wall Street has long been the sugar daddy to Democrats, just as Big Oil has historically bankrolled Republicans, although the alignment was never quite as stark as the public perception. The financial meltdown revealed - as catastrophes tend to do - the true nature of power relationships in society. Wall Street, even though wracked by terminal contradictions, was the supreme power in the United States - and, when the crunch came, the bankers were relatively more influential among Democrats than Republicans. How could Democrats, as a party, ever again brand the Republicans as the bulwark of Big Business, when their standard bearer was so proudly identified as the savior of the most hated plutocrats of all, the titans of Wall Street.
"The Democrats no longer have anything resembling a brand, at all."
Obama continued to eradicate the old Democratic branding, as president, immediately entering into backroom deals with the second most-hated tier of Big Business villains: the drug and insurance corporations. By the summer of 2009, a new brand of Republicans, the Tea Party, had cornered the huge public market on hatred of big business bailouts. Anti-bailout, anti-banker politics had become so popular, the Tea Partyers often found they could use the brand to mask the racism and virulent white nationalism that lies at the core of their "movement."
The Democrats no longer have anything resembling a brand, at all. Is it any wonder, then, that Democratic congresspersons are scrambling to disassociate themselves from the national party, two months from election day?
Far too late, after all the people's money has been siphoned off to the bankers, Obama now proposes a $50 billion scheme to create jobs and establish a government bank to finance rail and highway projects. The proposal is designed to sound like something out of President Franklin Roosevelt's New Deal, although the actual outlines are a blur, as is typical with Obama. But it is too late. Through his own commission on the federal debt, Obama has invited the enemies of the social safety net to shrink government spending for people-oriented programs. He has consumed so much energy beating up on progressives in his own party, they no longer trust him to come through with a jobs program that measures up to the crisis. Most importantly, the people have lost faith in the Democrats as the party that stands up to the rich, for the simple reason that they don't. For Black Agenda Radio, I'm Glen Ford. On the web, go to www.BlackAgendaReport.com.
BAR executive editor Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com.
Roughly a third of the people who were arrested by LAPD in the city of Los Angeles for cannabis-related offenses since 2020 were arrested in Westchester. Nearly all of those arrests happened at Los…
Israel is intensifying its genocidal assault on Gaza—starving civilians, bombing hospitals, and burning journalists alive. Yet amid the devastation, Palestinians persist in acts of defiant resistance.
President Daniel Noboa is accused of stealing Ecuador’s election. He’s now poised to consolidate control of a system that has benefitted cartels and multinational corporations – including his family…
In this week’s segment, we hear about a new effort to have an independent, socialist candidate on the ballot in New York City’s upcoming mayoral race. But first, we speak to an academic about the…
Our guest is Dr. Helyeh Doutaghi. She was Deputy Director of the Law and Political Economy Project at Yale University Law School until she was targeted by Zionist groups dedicated to silencing anyone…
