The answer to both those questions could be the same. The next question to ask is, who is the “who”? Up to this point in time in the saga of the largest taxpayer bailout of corporations in world history, Democratic politicians have been working for financial corporations. Instead of working for citizens, Democrats have steadfastly ignored their constitutents views on this immoral legislation. A majority of Americans do not want financial corporations to be bailed out with taxpayer money, and rightly so. It continues to amaze most observers that Democrats are considering Bush and Paulson’s insane giveaway.
As with most things in politics, if you want to know why things are happening, look for the money trail. In this case, senior Democratic officials are known to be weak-kneed about rejecting Bush’s Bailout because some fat cats on Wall St. donate to their campaigns as well as Republican campaigns. For a few thousand dollars here and there, Democrats are showing that they are more than willing to stick taxpayers with an unpayable tab. Democrats are more afraid that corporate money will dry up if they come out against Bush’s Bailout than they are of their rank-and-file not showing up and voting for them. And really, who can blame them? Democratic voters have shown a frustrating unwillingness to vote out Democratic officials after those legislators have shafted their constituents time and time again. Why should this instance be any different?
Just like with Iraq, Democrats aren’t demanding Bush demonstrate how the financial mess is a crisis that warrants as much money as occupying Iraq will cost taxpayers. Just like with illegal domestic wiretapping, Democrats aren’t holding Bush accountable. Democrats have jumped deep into the Bush administration’s theory that the executive should have all the power while the legislature should have none. Democrats haven’t been paying attention to John McCain’s refusal to announce his stance on this issue. If Democrats go along with this immoral bailout and McCain doesn’t, how do you think that will play come November 4th? Democrats could hand McCain and Palin the White House in a year when McCain should be getting crushed. I can’t wait to primary some spineless Dems in 2010.