The Trust Factor


This Tuesday may be the most important election of the new century. Wisconsin Governor Scott Walker with the backing of extraction billionaires David and Charles Koch is matched against Tom Barrett who has been raising funds locally and whom the DNC has refused to financially support. In some ways it’s an obvious David and Goliath struggle. The DNC should be funding this to at least approach parity with what the Republicans and surrogates are spending on Walker. But they are not. They are not spending a dime even though Wisconsin was the home of the progressive movement in the 19th Century. In fact, without Wisconsin, our nation’s 20th century would have looked radically different-probably closer to China’s, with no viable unions, no decent labor laws or protections and consequently no worker rights. I don’t think I’m overstating the matter by saying a victory by Scott Walker in Wisconsin will put that all in play once again. Why isn’t the DNC leading on this? Where is Barrack Obama? Can money obviate everything for the Democrats, even the very heart of their own base? This is not a trivial question.

In Tom Barrett’s last debate performance he called Walker a liar (he is one) and said point-blank that the man is about dismantling labor unions as viable entities across the state (which he is doing). He argued that Walker was treating the state as “an experimental dish for the far right.” All true. More importantly, whether the luminaries in the DNC realize it or not, Wisconsin is a bell weather for the rest of the nation, as Charles Pierce has pointed out it in Esquire Magazine: “In 2010, in addition to handing the House of Representatives over to a pack of nihilistic vandals, the Koch Brothers and the rest of the sugar daddies of the Right poured millions into various state campaigns. This produced a crop of governors and state legislators wholly owned and operated by those corporate interests and utterly unmoored from the constituencies they were elected to serve [Note: Virginia is no stranger to this process—witness ALEC and the ignominious machinations of Governor McDonnell on contraceptive rights]. In turn, these folks enacted various policies, and produced various laws, guaranteed to do nothing except reinforce the power of the people who put them in office. This is the first real test of democracy against the money power. Its true national import is that it is the first loud and noisy attempt to roll back the amok time that Republican governors and their pet legislatures have unleashed in the states at the behest of the corporate interests who finance their careers. It is the first serious pushback not only against Scott Walker, but against Dick Snyder’s assault on democracy in Michigan, and Mitch Daniels’s assault on unions in Indiana, and Rick Scott’s assault on voting rights in Florida. None of this was in any way coincidental. It was a national strategy played out in a series of statewide episodes, aimed at establishing the habits of oligarchy on a local basis.”

This is not toast and tea. We’re talking about real lives and real stakes. When Goldman Sachs’ Lloyd Blankfein makes it perfectly clear that sophisticated investors don’t or at least shouldn’t rely on his word, it’s a cautionary note that we should apply to politicians as well—especially when they take money from those who would destroy the middle class. It’s painful to note that Blankfein was probably more honest in that brief moment than all the speeches by Mitt Romney and Barrack Obama combined. Don’t believe me, he said, and if you do, you’re a sucker. As Joseph Stiglitz writes, Blankfein makes plain that “those who bought the products his bank sold were consenting adults who should have known better. They should have known that Goldman Sachs had the means, and the incentive, to design products that would fail; that they had the means and the incentive to create asymmetries of information—where they knew more about the products than the buyers did—and the means and the incentive to take advantage of those asymmetries.”

Lesson learned. Politicians have the means and the incentives to create “asymmetries of information.” When politicians are purchased on such a large national scale…well, we get what we pay for, don’t we? When a chameleon candidate like Mitt Romney– who even most Republicans don’t like — can achieve a primary victory based almost entirely on access to cash, the system is out of whack. As Wisconsin shows some of the wealthiest individuals and organizations in this country have used their capital to buy liars and sycophants in public places. They are not disinterested in what their money is buying, either. Far from it. Scott Walker, frankly, was probably a bad buy: a little too showy, a little too much the front man. These folks like to remain a bit more discreet. What they really want to purchase is congressional gridlock on reform and regulation. And subsidies and tax cuts, of course. Everyday companies like Exxon seed doubt about global warming swamping the discourse with paid off pseudo scientists and front groups. At the state level, ALEC produces legislation that knee caps environmental regulation and offers a perverse polluter protection ‘model’ legislation that requires the results of environmental audits to be kept secret. While ALEC and Exxon, infuse massive amounts of money into the legislative process, creating “asymmetries of information.” FOX happily ignores or attacks anyone who would suggest there are real public concerns that need to be addressed. FOX News is the propaganda product of billionaire Rupert Murdoch. ALEC has over 5.7 million dollars in ‘corporate sponsorship’. The Koch brothers have more money than the entire state of Wisconsin. Exxon is the largest and most profitable corporation on Earth. It’s not class warfare to suggest money is tilting the scales in a way that makes it impossible for us to honestly govern ourselves. It’s the truth. And, Democrats — take note– only when we tell the truth as Tom Barrett has done in Wisconsin — can we begin to build a country that we can trust.

~~~~~

APV thanks Jack Johnson once again for a great post. We also extend our whole-hearted support and best wishes to gubernatorial candidate Tom Barrett in Wisconsin’s recall election this Tuesday.
DCKennedy

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