The Daily Beast, 10 August 2012
Everyone hates the big banks—except the two candidates running for president. Joel Kotkin on the bipartisan triumph of crony capitalism.
About two in three Americans do not think what’s good for Wall Street is good for America, according to the 2012 Harris poll, but do think people who work there are less “honest and moral than other people,” and don’t “deserve to make the kind of money they earn.” Confidence in banks is at a record low, according to Gallup, as they’ve suffered the steepest fall in esteem of any American institution over the past decade. And people have put their money where their mouth is, with $171 billion leaving the stock market last year alone, and 80 percent of Wall Street communications executives conceded that public perception of their firms was not good.
Americans are angry at the big-time bankers and brokers, and yet, far from a populist attack on crony capitalism, Wall Street is sitting pretty, looking ahead to a presidential election that it can’t possibly lose. They have bankrolled a nifty choice between President Obama, the largest beneficiary of financial-industry backing in history and Mitt Romney, one of their very own.
One is to the manner born, the other a crafty servant; neither will take on the power.
ROBERT STEELE: The real reason there is no choice is this election is because we live in a two-party tyranny that disenfranchises over 50% of the eligible voters among whom are the Indepdents (close to 45% of all eligible voters now) while also blocking ballot access for Independents, Constitution, Green, Libertarian, and Reform. We the People Reform Coaliton with an accepted candidate for the nomination within the Reform Party, could not raise $1000 dollars at the same time that an open source game controller raised $5M in one week. There you have it: we get the corrupt government we deserve because we have dropped out. There is no question in my mind but that I could lead a Coalition Cabinet to victory in November 2012 if we could get an Electoral Reform Summit organized in September 2012, but as I found when I communicated with all the other candidates, they range from controlled opposition (Ron Paul and Dennis Kucinich) to me me me (Rocky Anderson, Gary Johnson, others) to deer in the headlights (Jill Stein). Not ONE of these people can handel the ideas at http://bigbatusa.org, ideas that include the ending of all income taxes with the substitution of the ATP Tax that reaps trillions from stock and currency transactions while relieving the individual public and small business of extortionists shares of the public revenue.