What are they thinking?

altermanUnder Obama, the richer are richer than ever, but Wall Street rewards the GOP. — Eric Alterman

Eric Alterman, in an article titled “What are they thinking?,” which appeared in the Nov. 17 issue of The Nation, informs us: “The Obama presidency has been among the best in American history…for the super wealthy.” Alterman compares the performance of the economy with past presidents including Ronald Reagan concluding that the wealthy have recently done very well.

So why do wealthy individuals and business interest support the GOP? Alterman concludes that it is vanity–unwillingness to recognize that Republican policies–refusal to invest in infrastructure or to embrace immigration reform–are not in their interest. Alterman writes:

It wasn’t always this way. Conservatives, once upon a time, knew the importance of insulating their bottom line from their vanity.

Alterman explains that prior to the Murdoch era, the WSJ might rant in its editorials, but played the news stories straight. No more it seems. Alterman cites a Pew study which found that 40% of “consistent conservatives” picked Fox as their favorite news source.

Alterman’s article is worth reading: recommended.

© William Hungerford – November 2014

 

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About whungerford

* Contributor at NewNY23rd.com where we discuss the politics, economics, and events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben,Tioga, Tompkins, and Yates Counties) Please visit and comment on whatever strikes your fancy.
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3 Responses to What are they thinking?

  1. Deb Meeker says:

    It’s the perfect modern Confederate Revenge. Get rich off the labor of the Black man, while always insisting the wealth was gained by your own smarts and merit. The ship of state stinks anew from the wounding chains and lacerations of the whip. Next up? The lynching.

    Like

  2. BOB McGILL says:

    ” whungerford says:
    November 10, 2014 at 10:00 am
    Bob, can you find an example where one has bashed corporate America or wealthy people? Please be specific. I suspect it is only your fantasy.

    that didn’t take long did it

    Like

  3. whungerford says:

    Bob, if you have a point, it is completely obscure.

    Like

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