The political calculus is stunning. More than $1 trillion for the banks? No problem. But $10 billion for teachers and $16 billion to help the poor get healthcare? Only if it’s deficit-neutral and offset by other cuts to social spending. Never mind that many people using food stamps are already living through a depression or that food stamps are one of the most reliable ways to stimulate spending. The food stamp lobby doesn’t have quite the same pull as the Chamber of Commerce or US corporations—which have seen their profits rise by 36 percent this year and enjoy profit margins as a share of GDP that are near postwar records.
What happen to a government for the people by the people? Well, it is a government for the corporations by the corporations, which it always has been, but it just has come home to roost. Big banks if you are having a hard time, we will bail you out. Hey you, middle-class person trying to live a comfortable life, do you need some help? Well too f***ing bad, you don’t lobby well enough. Maybe someday, LOSER!