Cross-posted at Immizen.com with a relevant picture and links to sources.
This topic has been rehashed many times. But it has not been rehashed by me.
Let’s get one thing clear.
Everybody knows that Republicans support the wealthy 1%. So that is clear. (Scroll down to the discussion of a May 25 Post-ABC poll that proves this point.)
What is not so clear to some is that Democrats support both the wealthy 1% from whom they also receive campaign contributions as well as the 99% rest of us.
Some claim that both parties are bought by Wall Street and the big corporations, insinuating that both parties are basically the same. But that could not be further from the truth. Republicans get their money mostly from big corporate donors. Not so the Democrats.
In a previous diary, I reported how big corporations like Walmart donate significantly more money to the Republican party and if they donate to Democrats, it is to those so-called Blue Dogs, who are the ultra conservative Democrats beholden to the big corporations; I call them “Republicans in disguise”. And who donates to Democrats? Well, in 2008, it was mostly the workers unions and individual campaign contributors.
Let’s not forget that it was the Democrats, who passed Dodd-Frank, the most comprehensive financial regulatory overhaul since the Great Depression, which the financial sector and their Republican allies in congress fought tooth and nail.
Let’s also not forget that Obama, a Democrat, is not afraid to distance himself from wealthy friends or campaign donors when it comes to fighting for the 99%: When Dodd-Frank was signed into law, JPMorgan Chase & Co Chief Executive Jamie Dimon was one of the few major bank heads not invited. Dimon once enjoyed a close relationship with Obama, but he later emerged as a vocal critic of the efforts to reform the U.S. banking industry.
And we, the people, know that Republicans represent the wealthy 1%. A May 25 Post-ABC poll on Obama, the election, and the economy found that when people were asked the question “Who do you think would do more to advance the economic interests of wealthy Americans - (Obama) or (Romney)?” 24% of people answered Obama and 65% of people answered Romney.
What is surprising then is that people chose 46% Obama to 43% Romney as the answer to this question “Who do you think would do more to advance the economic interests of you and your family - (Obama) or (Romney)?”
How does that make sense?
It seems Republicans were successful at selling the idea that trickle-down economics works. Yes, give the rich more money through subsidies, yeah, let them keep their money and not pay taxes and they will be so generous and hire all of you hard-working Republican voters (we know they think Democratic voters are lazy…)
That is why they think Romney can help the wealthy and the economy more than Obama.
But they are wrong. Wealthy individuals (like the Koch brothers) and big corporations are spending billions to play politics instead of HIRING new workers. Wealthy individuals and big corporations are investing into politicians to get them elected into office (Scott Walker) and to then SCREW the American workers.
And if wealthy individuals and big corporations are not spending all their money in political games of power, they spend it on their next trip to Paris or on their next mega Yacht or mansion. Sure, they employ workers, but they are always looking to cut corners and save money, and so they ship jobs overseas and they can do so because they bought the politicians who allow them to do so.
How can we make sure people get it?
That trickle-down economics does not work!