Yesterday I wrote about why it's not the people at the bottom of our economy who you have to worry about hurting you, but those at the top, who manipulate the system to line their own pockets with your tax dollars without letting you know what they're doing or how.
In a piece called "Plutocrats Are Winning," Bill Moyers agrees, and laments the news media's lack of interest in digging into the corruption:
After three decades of engineering a winner-take-all economy, and buying the political power to consummate their hold on the wealth created by the system they had rigged in their favor, they were taking the final and irrevocable step of separating themselves permanently from the common course of American life. They would occupy a gated stratosphere far above the madding crowd while their political hirelings below look after their earthly interests.Read Moyers' full piece here.
The $1.15 trillion spending bill passed by Congress last Friday and quickly signed by President Obama is just the latest triumph in the plutocratic management of politics that has accelerated since 9/11. As Michael Winship and I described here last Thursday, the bill is a bonanza for the donor class – that powerful combine of corporate executives and superrich individuals whose money drives our electoral process. Within minutes of its passage, congressional leaders of both parties and the president rushed to the television cameras to praise each other for a bipartisan bill that they claimed signaled the end of dysfunction; proof that Washington can work. Mainstream media (including public television and radio), especially the networks and cable channels owned and operated by the conglomerates, didn’t stop to ask: “Yes, but work for whom?” Instead, the anchors acted as amplifiers for official spin — repeating the mantra-of-the-hour that while this is not “a perfect bill,” it does a lot of good things. “But for whom? At what price?” went unasked.