Skip to main content

Economic Royalists:

President Franklin D. Roosevelt, in his speech accepting the Democratic nomination for a second term, delivered at Philadelphia on 27 June 1936, said, "The economic royalists complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power. Our allegiance to American institutions requires the overthrow of this kind of power."

(emphasis added)

How about a "Case Study" using a recent history of their HandiWork ... and their apparent Victory -- AGAIN!

Huh, Royalists? we have no "Royalty" in America, unless you count Celebrities and Sports Stars. What is FDR talking about? Who are the Kings and Queens of our Economy?

Franklin D. Roosevelt Speeches
Democratic National Convention (June 27, 1936)
link to Audio

For out of this modern civilization economic royalists carved new dynasties. New kingdoms were built upon concentration of control over material things. Through new uses of corporations, banks and securities, new machinery of industry and agriculture, of labor and capital--all undreamed of by the fathers--the whole structure of modern life was impressed into this royal service.

There was no place among this royalty for our many thousands of small business men and merchants who sought to make a worthy use of the American system of initiative and profit. They were no more free than the worker or the farmer. Even honest and progressive-minded men of wealth, aware of their obligation to their generation, could never know just where they fitted into this dynastic scheme of things.

It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control over Government itself. They created a new despotism and wrapped it in the robes of legal sanction.
For too many of us the political equality we once had won was meaningless in the face of economic inequality. A small group had concentrated into their own hands an almost complete control over other people's property, other people's money, other people's labor--other people's lives. For too many of us life was no longer free; liberty no longer real; men could no longer follow the pursuit of happiness.

Against economic tyranny such as this, the American citizen could appeal only to the organized power of Government. The collapse of 1929 showed up the despotism for what it was. The election of 1932 was the people's mandate to end it. Under that mandate it is being ended.
Today we stand committed to the proposition that freedom is no half-and-half affair. If the average citizen is guaranteed equal opportunity in the polling place, he must have equal opportunity in the market place.

These economic royalists complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power. Our allegiance to American institutions requires the overthrow of this kind of power. In vain they seek to hide behind the Flag and the Constitution. In their blindness they forget what the Flag and the Constitution stand for. Now, as always, they stand for democracy, not tyranny; for freedom, not subjection; and against a dictatorship by mob rule and the over-privileged alike.

(emphasis added)

So what do Economic Royalists look like?   Do they wear capes and masks? Or is it, the suit of Respectability and Credibility that they are more likely to don.

"Shocked" (with Rick Scott)

Who is Rick Scott?
By Jessica Kutch - May 4, 2009

Recently, Mr. Scott bought ads for his group "Conservatives for Patients' Rights" on CNN and FOX News networks. The ads were created by the same firm behind the now discredited "Swift Boat Veterans for Truth" ads from the 2004 presidential campaign.

Rick Scott's anti-health care reform ad is chock-full of misinformation. SEIU has requested that the ads be pulled

(emphasis added)

So Here we go again! Those Economist Royalist are spending Big Bucks to get their way. Whether or Not, the Truth is the Victim, in their Charades of mis-direction. Why should the Health Insurance Industry bother to let Facts get in the way, when they can hire smooth talking spokemen, to muddy the waters? (Or when they can buy a Politician's Vote -- by their generous PAC contributions?)

U.S. health care lies about Canada
Greed, U.S. Politics, dysfunction
May 12, 2009, 8:40 AM by Diane Francis

Just who is this jerk, Rick Scott of propaganda-mongering Conservatives for Patients’ Rights? He and his group are fabricating negatives about Canada’s health care system and I resent this. I am an American who has lived in Canada for more than 35 years. I can vouch that the system is more than adequate and is not run by civil servants but by doctors who are able to treat everyone, rich or poor.

  1.    Canada’s health care system enhances economic productivity. Workers diagnosed with illnesses can still change employers and be employable because they are not rejected by employers with health benefits due to pre-conditions.


  1.    Outcomes with major illnesses, such as cancer and heart disease, are better than in the United States.


  1.    No one in Canada goes broke because of medical bills whereas ARP estimates half of personal bankruptcies are due to unpaid, high medical bills.

(emphasis added)

Economic Royalists care about one thing, keeping their Power, and keeping their Profits (oops, that's 2 things).

So much so, that the Royalists in the Health Denial business, have sparked a war of sorts, with the Doctors and Nurses just trying to care for their Patients:

Denial Management Industry Grows Amid Debate Between Health Insurers, Physicians Over Claims

16 Feb 2007 - Health Insurance / Medical Insurance News

"[T]ension" between insurers and physicians over claims payments "has spawned a booming industry of intermediaries" known as denial management, the Wall Street Journal reports. Some doctors, clinics and hospitals are investing in software systems that help navigate insurers' payment systems and prevent denials

[...] medical group Paluxy Valley Physicians, which four years ago was trying to recover more than $500,000 in denied or unpaid claims from insurers [...] Shari Reynolds, the administrator at Paluxy Valley, said, "The insurers outcode us, they outsmart us and they have more manpower. Now, at least we have a fighting chance."

(emphasis added)

The high stakes of the "Business of No"

from Physicians for a National Health Program (PNHP)

When Profits matter more than People -- perhaps the Royalists (aka Elites) have too much Power and too much control. (Monopolies and Oligopolies, tend to do that.)

When our lives are frittered away in an insane system of endless Payments, that steals our Freedom, and steals our Health, and in the long run, steals our Economic Security -- well just maybe, those "demanding" those endless Payments, have TOO MUCH Power.   ya Think!?

So what does an Economic Royalist look like? Do they wear capes and masks? Or is it, the Cloak of Impartiality, when conducting the People's business. Sadly it seems that all Voices, are indeed NOT welcome in some chambers -- be they the Voices of Doctors or Nurses, or not -- No Seat for you!

Protesters Disrupt Senate Hearing on Health Care

Sooner or later the People must Demand the Representation, that is pledged through our Votes. Those Seats should NOT be for sale to the highest Bidder! (aka Lobbyists, the agents of Royalty.)

The Voices of the few Obstructionists, like Lieberman, MUST NOT be Allowed to Veto the Will of the people -- for the sake of Political Expediency.

Sooner or later a truly Progressive-People's party must stand up and be heard.

The People are literally dying for such Representation.

Why is this guy, NOT in the Cabinet?

The People, need a Lobbyist, in Congress too, apparently!

The People, NEED a Leader, who will bother to

Stand up for US!

To Fight for US!

A Leader who will bother To Speak FOR THE PEOPLE -- WHEN the Chips are Down!

(Not just when the Cameras are On ...)

                                also posted on docuDharma

Originally posted to Digging up those Facts ... for over 8 years. on Thu Dec 17, 2009 at 10:44 AM PST.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Neil Young sums it up well -- (9+ / 0-)

    Neil Young - The Restless Consumer (Video)

    We Don't Need NO MORE LIES!!

    In a time of universal deceit, telling the truth becomes a revolutionary act -- George Orwell

    by jamess on Thu Dec 17, 2009 at 10:43:56 AM PST

    •  As we speak, they are dismantling social safety (6+ / 0-)


      Did you catch this blog?

      Seriously, the Royal Rulers are plotting and planning to deprive us of SSI and Medicare.  I predict they will succeed.  Why?  Because we refuse to unite

      What do you think if this power play, Jamess.  I highly respect your opinion.

      What can we do?

      And, great diary.  Can win a fight against these heartless neo-cons?

      I PREDICT: Soon, those with assets above a value, will become ineligible for SSI and Medicare – THE DISMANTLING OF THE NEW DEAL

      Poverty does not mean powerless. Unite!

      by War on Error on Thu Dec 17, 2009 at 10:52:38 AM PST

      [ Parent ]

      •  my rough reaction (3+ / 0-)
        Recommended by:
        Hens Teeth, Radical def, thethinveil

        without studying the Issue

        I wouldn't put it past Summers!

        I heard Bernnake, say something similar recently

        The Trial Balloons are out.

        The partnership of the People and their Govt,
        and their Security --

        is apparently "On the Table"
        in their minds.

        So Much for the "Great Society"!

        In a time of universal deceit, telling the truth becomes a revolutionary act -- George Orwell

        by jamess on Thu Dec 17, 2009 at 11:24:01 AM PST

        [ Parent ]

        •  Well, it is being done, Jamess (2+ / 0-)
          Recommended by:
          jamess, Radical def

          Read this and weep.  I don't think Kissinger and his boys (Peter G Peterson and Geithner, Summers, etc) want to see him die without his Grand Plan coming to fruition.

          We are about to be oppressed with a full court assault on all but the so-called elite:

          Guess what business Chairman Joe Liebermann's Homeland Security and Government Affairs Committee takes up this week?

          As concern grows about our nation’s fiscal sustainability and fear of a spiraling deficit intensifies, The Center for the Study of the Presidency and Congress (CSPC) will be presenting recommendations to the Senate Homeland Security and Government Affairs Committee to help resolve our troubling fiscal future. The hearing will address why the creation of an independent Fiscal Future Commission is necessary to achieving our nation’s economic recovery and maintaining its long-range freedom of action.

          The first panel will feature Senators Kent Conrad (D-ND) and Judd Gregg (R-NH), the Chairman and Ranking Member of the Senate Budget Committee, who will provide analysis about their bipartisan Congressional initiative, “The Bipartisan Task Force for Responsible Fiscal Action Act of 2009.” They will be followed by an expert panel featuring Former Federal Reserve Chairman Alan Greenspan and Peter G. Peterson Foundation CEO and former U.S. Comptroller General David Walker, who will express their concern for our current fiscal situation and why the creation of such a Fiscal Future Commission is the best solution.

          When: December 17, 2009 at 10:00AM

          Where: Dirksen Senate Office Building, Room 342


          Senator Kent Conrad (D-ND)
          Chairman, Senate Budget Committee

          Senator Judd Gregg (R-NH)
          Ranking Member, Senate Budget Committee

          The Honorable Alan Greenspan
          President, Greenspan Associates, LLC, Former Chairman of the United States Federal Reserve Board

          The Honorable David Walker
          President and CEO, Peter G. Peterson Foundation, Former U. S. Comptroller General and Head of Government Accountability Office

          Oh, while we are distracted arguing about the insane HCR developments.

          Is this a bi-partisan panel?  NO

          Poverty does not mean powerless. Unite!

          by War on Error on Thu Dec 17, 2009 at 11:33:11 AM PST

          [ Parent ]

          •  Well...I don't see a problem (2+ / 0-)
            Recommended by:
            jamess, War on Error

            with cutting off those who already have, or are even still "making", enough money to not really "need" a "safety net"...

            Seems to me, there are quite a few who are living pretty well and don't really "need" any government benefits.

            I think benefits should be "need based".  Those who are at or near the poverty level need and deserve benefits a lot more than people who are relatively rich, compared to them.

            Of course, where you draw the line on that is where it gets tricky, heh.

            How much does a person, or a family, "need" to live a life of dignity?

            The only rational, fair way to determine that is democratically...

            Seems to me, the tendency has been to cut those at the bottom, in favor of those at the top.  That definitely needs to be reversed.  

            Of course, the people mentioned, like Lieberman, et al, are not likely to bring a fair and balanced approach to this, and are certainly not to be trusted, for all of their rhetoric about "protecting" us and the economy.  

            They are corrupt, lying swine, who should all be arrested, and all of their assets seized, for reallocation to the public interest.

            But I'll be satisfied if we can just mobilize the electorate, for the explicit purpose of purging them from all levers of power, in 2010 and 2012.

            Then, the Progressive Caucus can proceed to sort these issues out, and figure out where the lines should be drawn, in terms of benefits, and who should face revolutionary justice for their theft, murder, and crimes against humanity...right?

            As for Dean, I like his rhetoric for the most part, and would have no problem seeing him in a more direct role.

            But, again, it's all about 2010 and 2012, and likely Democratic voter turnout.

            All these complaints about how corrupt the system has become, while pretty much valid and true, are really kind of irrelevant, as long as we allow the pigs to maintain that power over our lives, don't you think?

            Unless and until we seize the power, and purge their jive asses, and suppress them, democratically, electorally, then we don't really have much material basis for complaint, now do we?  

            Indeed, we are, in fact, subject to be blamed for everything they do "in our name", until we jack them up and bring them to justice.

            We need material results, not just a lot of angst and hand-wringing, and we certainly don't need any more cynical defeatism and demoralization, which is already glutting this venue more than I can stand.

            I don't really want to hear a lot more sniveling and whining. or outraged indignation, or posturing rhetorical "revolutionary" hyperbole, about how fucked we are, or how "hard" or "impossible" it might be to correct that...

            Either we resolutely do what has to be done, and purge their asses, and suppress them, or we shall face the condemnation of the whole world, for allowing them to remain in power.

            It's as simple as that.  The ice caps are melting.  There are no alternatives.


            "...a printing press is worth 10,000 rifles..." Ho Chi Minh

            by Radical def on Thu Dec 17, 2009 at 12:39:56 PM PST

            [ Parent ]

            •  Well, we thought we had done this with (2+ / 0-)
              Recommended by:
              jamess, Radical def

              a Democratic majority in both houses, and a Democrat in the White house.

              Will 2010 be the Year of the Incumbent?

              Radical def, your comment is so relevant.  Perhaps you could publish it as a diary, too, so more can appreciate the truth you so clearly demonstrate?

              And GREAT cartoon!

              Are we too cowardly to get out there and MAKE THEM change their votes?

              Poverty does not mean powerless. Unite!

              by War on Error on Thu Dec 17, 2009 at 12:49:21 PM PST

              [ Parent ]

              •  C'mon, anyone who "thought" we were "done" (1+ / 0-)
                Recommended by:

                with the remnant Blue Dog and Republican plurality that still remains in Congress had to be dreaming...or a damn liar.

                Seems like a very disingenuous argument, intended more to sow demoralization, and abandonment of the Party, than any kind of rational analysis, toward more resolute struggle to consolidate and expand upon the substantial victories of '08.  

                We don't have a freakin' "Democratic Majority", as long as so many of those fools are freakin' Blue dogs, lol.

                In fact, the opposition is barely hanging by a thread, and just a few more Progressives and a few less Blue Dogs and Republicans in 2010 and 2012 will actually, for real, further tip the balance of power to a much more substantial degree.

                Will it be socialist utopia THEN?  

                Hell no...but, at least it won't be about freakin' Palin and her Joel's Army pals  (except perhaps, I sincerely hope, on the receiving end of FISA, the Patriot Act and some FEMA camps, lol)  

                The fact that just a few corrupt Blue Dogs, in traitorous alliance with the Republicans, are still holding the entire Party, the President, and the American people hostage, just barely, should be cause for celebration, because it means the legacy of the past 8 years is on the verge of being erradicated...if we will just persistently, confidently, point out that fact, and mobilize the electorate to kick their ass for what they are doing.

                Call me an optimist Pollyanna, determined to see the glass half full, instead of half empty, lol.  

                I remember very vividly, not so long ago, when it was bare ass, completely freakin' virtually absolutely empty, and I was dying of thirst, for a very long time.

                I didn't give up then, and I damn sure am not going to give up now, to snatch defeat from the jaws of victory.

                Now, the right is totally freaking out, calling for political assassination, mass murder and civil war, sobbing and mewling and puking about the fact that they are no longer politically correct, in their "own" country.  

                LOL!  It's music to my ears!

                Surprise, Surprise!  The struggle continues.  C'mon, what did you really expect?  

                Instant gratification?

                I don't think it's about cowardice, so much...the enemy is just very rich, powerful and ruthless, and they have infiltrated virtually all venues to a very substantial degree, to deliberately sabotage democracy any way they can, by hook and by crook, including spreading a lot of very jive memes, everywhere, including on the "left".

                They will never submit to the popular democratic will.  They must be resolutely suppressed.

                But in spite of everything, including 40 years of monopoly corporate fascist commercial mass media propaganda blitz, 24/7, on every channel, the masses stepped up and elected Obama, a Democratic Majority, and a substantially enlarged Progressive Caucus, on an explicit rhetoric of justice and peace, to save the planet.

                So...I remain hopeful, for real change.  What else is there to do?  Shoot myself in the freakin' head, because it hasn't gone far enough, fast enough, and the struggle still, even now, after all these many years, continues?  

                I don't think so, lol.  I will fight to the death.

                Death to capitalism as we now know it, and it's moribund form, fascism!

                Bring the Better Democrats!

                All Out for 2010 and 2012!

                All Power to the People!


                "...a printing press is worth 10,000 rifles..." Ho Chi Minh

                by Radical def on Thu Dec 17, 2009 at 01:54:07 PM PST

                [ Parent ]

  •  Oh, if only we could have another FDR (2+ / 0-)
    Recommended by:
    jamess, thethinveil
    The man knew the score.  The man could fight.  And the man won.

    "And the biggest self of self is, indeed, self." Mark Sanford

    by Paleo on Thu Dec 17, 2009 at 10:50:36 AM PST

  •  If only the Economic Royalists (1+ / 0-)
    Recommended by:

    were "united in their hatred" for Obama.

    Could you imagine him "welcoming their hatred?"

  •  ah yes, the Divine Right of Kings. (3+ / 0-)
    Recommended by:
    Hens Teeth, jamess, Radical def

    and other assholes.

    Never walk into a public restroom while breathing through your mouth.

    by quityurkidding on Thu Dec 17, 2009 at 11:10:06 AM PST

  •  Tyranny (3+ / 0-)
    Recommended by:
    Hens Teeth, jamess, Radical def

    It's a good word.  Someone prominent should use it quickly, while it's meaning is still somewhat pristine.

  •  some things never Change! (2+ / 0-)
    Recommended by:
    Hens Teeth, thethinveil

    that's our Congress!

    In a time of universal deceit, telling the truth becomes a revolutionary act -- George Orwell

    by jamess on Thu Dec 17, 2009 at 03:48:43 PM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site