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The Cutting Edge: Blog of Ed Knudson
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Should the Rich Rule?
11/3/2010

At the presidential news conference today, the day after Democrats lost the House in the 2010 vote, not one news reporter asked Barack Obama whether he was concerned about the amount of money that was spent by the wealthy in these campaigns for the House and Senate, much of it by undisclosed corporate donors. The reporters all assumed that the "people have spoken" to reject Obama policies. But did the people speak, or was it wealthy donors using the media networks, especially Fox News, who were able to manipulate the consciousness of voters with simplistic messages against big government and bailouts? The very people who were responsible for the financial collapse have been able to fund political campaigns of politicians willing to allow the big banks and corporations to do whatever they want.

Robert Scheer writing over at TruthDigabout the election says something especially important to realize. After Bill Clinton lost the congressional elections in 1994 he began to triangulate with Republicans including passing the legislation that allowed the formation of a whole new institutional level of financial dealings which led to financial collapse. He encourages Obama not to do the same thing. Obama has to remember he was elected by the people, not the rich.

The degree to which the wealthy class has been able to take over the powers of the government over the past thirty years is the single most important fact of this period of history. The result has been ever greater degrees of inequality as salaries are lowered and families struggle and the wealthy control ever more of the resources of the country. If the rich are allowed to rule they will set the laws which allow them to become more rich over against others; not until large enough numbers of people understand that will there be real political change in this country. Such understanding may be able to come only with much greater economic dislocation and social instability. This will happen as the rich continue to rule to benefit only themselves. The future does not look good for America.

(See interview of Lawrence Goodwyn for the way corporations have deceived the American people)


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