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Posted by on Sep 18, 2013 in At TMV, Economy, Finance, Politics, Society | 10 comments

Time To Dump Both The Democratic And Republican Parties

In the 1990s Bill Clinton bought into Robert Rubins’ brand of Goldman Sachs economics, and wedded the Democratic Party to Wall Street. Barack Obama carried on this Wall Street-super-friendly brand of economic policy-making. Here’s the results:

The Tea Party came into existence and to a horrifying extent has shaped national priorities. It has done this by tapping into populist disgust with Wall Street in ways that disguise many of its own one percent advancing priorities.

The progressive sector of the Democratic Party has long been quietly irritated by the so-called “centrist” behavior of President Obama and his inner Wall Street-adoring circle. But in recent months is finally coming into the open with harsher and harsher criticism of this group and its economic views. Alas, too late, years after the Tea Party has wrapped itself in an anti-Wall Street mantel.

Will progressives now take back the Democratic Party from centrist Wall Street and one percent enablers who have been so helpful in creating our present Club for Growth economic recovery? Frankly, I doubt. The centrists’ next Wall Street beard is Hilary, who has the Democratic establishment slobbering, and Wall Street money ready for its next big con job.

We need a new national party in this country. A Middle Class Party that genuinely represents the interests of this huge majority of Americans, with policies that prevent more of them from falling into poverty or near poverty.

Dump the Democrats. Dump the Republicans. Save the middle class from both these corrupt and unredeemable entities with a new national political party.

Michael Silverstein’s newest book is The Devil’s Dictionary Of Wall Street

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Copyright 2013 The Moderate Voice
  • slamfu

    To paraphrase The Sun Also Rises, it sure is pretty to think so.

  • MICHAEL SILVERSTEIN, Wall Street Columnist

    Hi Slamfu,

    There are no new political ideas. Only old ideas whose time has come, or not come. I think it’s time for this idea to come. There certainly are good reasons for this to happen. Will it actually happen? Guess we’ll see…

  • DaGoat

    I agree. People forget both the Tea Party and the Occupy movement grew largely out of unhappiness with the Wall Street bailout, and both initially were non-partisan. The Tea Party morphed into the GOP monstrosity it is now, and Occupy kind of fizzled out despite some Democratic efforts to co-opt it, but what it shows is there is a grassroots dissatisfaction with Washington in general and especially their relationship with Wall Street.

  • Rambie

    The TP was co-opted by certain 1%’s and is nothing but a Con job of it’s own now. The Occupy movement never had a recognized leadership which is why it fizzled out and why it couldn’t be co-opted.

    As much as I agree we need a middle-class party, I fear it’d just suffer the same fate as the TP and the Democratic party has in the past.

  • rudi

    The Democrats took control of the US House with centrists Democrats with the help of the DLC. those same “moderate” Democrats were defeated in centrists districts by TeaBaggers. The Democrats moved to the center, to the objections of the Left. The Republicans are moving to the far right…

    “In light of this admission, I and several of my colleagues will be informing Sen. Reid that we will not vote for a continuing resolution that funds Obamacare,” he added.

    Among those who signed onto the letter: Florida Sen. Marco Rubio, Texas Sen. Ted Cruz and Kentucky Sen. Rand Paul.

    Over in the House, a large contingent of House Republicans are pushing a similar strategy, led by Rep. Mark Meadows of North Carolina.

    “Congressman Meadows is leading a letter, currently co-signed by 66 Members, encouraging House leadership to defund Obamacare through the appropriations process,” spokeswoman Emily Miller told The Daily Caller on Thursday.

  • lbknuth

    In October there will be a KickStarter project titled ‘The Death of Wall Street’. The project is a documentary about the rise of The Full Employment Movement and how it’s birth results in the death of Wall Street. The Full Employment Party is dedicated to restoring the economy by restoring the Middle Class. It’s coming…

  • MICHAEL SILVERSTEIN, Wall Street Columnist

    Hi lbknuth,

    In a day or two I will be posting a piece on this site titled “Occam’s Razor Economics.” It is a very middle class enhancing proposal. You might find it of interest for your Full Employment Party.

    And good luck on Kickstarter. My life partner and I have had a couple of fund raising successes on this platform. I think your own group might get a very good response there.

  • JSpencer

    The closest thing we have at the moment to a party which advocates for the middle class is the progressive wing of democrats. They don’t have any real clout though because they are bucking a deeply entrenched system which is determined to disenfranchise about 90% of the country. I’d love to see them become empowered somehow though.

  • yoopermoose

    From Daily Kos:

    “There is a big difference between a disappointing friend and a deadly enemy. Of course the Democrats are disappointing—that’s what makes them Democrats. If they were any more frustrating they’d be your relatives. But in this country they are all that stands between you and darkest night. You know why their symbol is the letter ‘D’? Because it’s a grade that means ‘good enough, but just barely.’ You know why the Republican symbol is ‘R’? Because it’s the noise a pirate makes when he robs you and feeds you to a shark.”
    —Bill Maherrrr

    It would be nice if progressives could gain traction. They will have to do a better job of getting thier message past the establishment and right to the people.

  • MICHAEL SILVERSTEIN, Wall Street Columnist

    Hi Yoopermoose,

    The comment you offer from the Daily Kos is a perfect example of why things haven’t gotten better in this country. It says, in essence, we have to be satisfied with lousy government because there are only two possible choices. The awful and the god-awful. There are many of us, however, who believe this country is not just able to provide decent governance, but actually generate real greatness in its leaders. And truly, win or lose, isn’t a fight for the very best worth making…

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