Wednesday, October 1, 2008

The simultaneous rejection of the bailout and a corrupt ruling class - Glenn Greenwald - Salon.com

"(David Cay) Johnston's celebration that 'Washington is not entirely in the service of the political donor class' is probably premature given that Congressional leaders are falling all over themselves to assure everyone that this deal will pass in a few days after it is tinkered with in one direction or the other. I recall all too well celebrating a similar 'victory' back in March, when House Democrats astonishingly refused to comply with the demands of the 'donor class' -- and the entire political establishment -- to pass Bush's FISA bill to grant retroactive amnesty to the entire lawbreaking telecom industry, only to watch them jump into line and do what they were told a few months later. The corporate donor class and political establishment may lose a battle here and there, but they almost never lose the war, since they own and control the political battlefield."

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