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View Diary: Being Poor is becoming a Criminal offense (Updated) (117 comments)

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  •  That's right, the Great American Middle Class (22+ / 0-)

    is a new thing, not some from-the-Founding aspect of These United States.

    What created the biggest, wealthiest Middle Class, with the highest standard of living that the world has ever seen? REGULATION of Banks and Corporations, that's what. Laws that supported Unions and Collective Bargaining, which were a direct result of the New Deal legislation passed followed the Great Depression, were also part and parcel of the founding of the Great American Middle Class.

    Prior to the New Deal, it was quite literally every man for himself. It's the revisionist-history-America-which-never-was that the conservative movement would like to return us to. Ugh...

    Debtor's prisons, industrial sweatshops, Company Towns and the rest of it.

    My generation, godz help us, failed to learn the lesson of Thomas Jefferson ('the price of Liberty is Eternal Vigilance') and let the conservative, religious Right move into a position of power in D.C. and then those bastards spent the following 30 years erasing the Regulation that kept the Banks and Corporations in check for nearly 40 years. They had help of course, even former President Clinton, who signed into Law the Gramm-Leach-Bliley Act in 1999, which was the death-knell of Glass-Steagall.

    :(

    Today, we are all paying the price for that lack of vigilance.

    As Senator Durbin said, "They [the Banks] own the place".

    But only as long as We the People allow them to. Because while they have the power (money) today, there are only a few tens of thousands of them (the 2%).

    There are over 280 Million of us.

    We could change things, if enough of us cared to do so.

    * * *
    I like paying taxes...with them, I buy Civilization
    -- SCOTUS Justice O.W. Holmes Jr.
    * * *
    "A Better World is Possible"
    -- #Occupy

    by Angie in WA State on Sat Jul 07, 2012 at 04:38:30 PM PDT

    [ Parent ]

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