Published on Tuesday, May 13, 2008 by CommonDreams.org
Is Who Becomes the Next President All That Matters?
by Danny Schechter
News Dissector Danny Schechter blogs for Mediachannel.org. He directed In Debt We Trust (indebtwetrust.org) and has finished a book on the financial crisis called PLUNDER.
Sure, we are militarily powerful but apparently not powerful or smart enough to subdue Iraq or Afghanistan after five years. Our warriors on terror have yet to capture Bin Laden or even neutralize the Taliban. The truth is the Democratic candidates don’t think they can tell the military what to do and so have withdrawal plans that will take years. That’s the reality.
The military industrial complex often has a mind of its own.
And so does Wall Street, which won’t take marching orders from any president. Both Clinton and Bush turned to Goldman Sachs to run the Treasury, and it’s not clear if their former execs were ambassadors to The Street or from The Street. Financial power trumps political power in a country dominated by a corporate system.
.... they don’t know what to do; they have no “fix.” There may not be one. We are dealing not with a political debate but a structural crisis of American capitalism in an era of waning Empire. We can throw money at these problems as we probably should, but they are all intricate and subject to pressure politics. When the Senate run by Democrats tried to bring relief to distressed homeowners, their final bill was shameful with more giveaways to home builders and lenders than mortgagees.
Who is the next President matters, matters deeply, but is that all that matters?
Please read the entire article at:
http://www.commondreams.org/archive/2008/05/13/8927/