Let's Call the "Grand Bargain" What It Is: The Grand Betrayal of the American People
Continued from previous page
The Democratic wing of the Democratic Party has to lead the effort to save America from the Great Betrayal. It is essential to focus on the self-destructive nature of austerity. The irony is that a proponent of austerity has just handed us a coup. Becky Quick, co-host of one of CNBC’s business entertainment program, recently wrote a column intended to discredit Paul Krugman. Quick solicited a written statement from former President Bill Clinton to use in her attack on Krugman (who had criticized Quick and her co-host’s stream of “zombie facts” when he appeared on their program). Quick reveled in her success in obtaining ammunition from Clinton to attack Krugman, asserting that it constituted a “damning retort to Krugman” and proved the need to adopt austerity. In fact, Clinton’s statement stated his agreement with Krugman:
[I]t’s important not to impose austerity now before a growth trend is clearly established, because as the austerity policies in the eurozone and the U.S. show, that will slow the economy, cut jobs, and increase deficits….
Clinton is a leader within the Rubin-wing of the Democratic Party that has been seeking to create the moral panic, but even he admits that “austerity now” “will slow the economy, cut jobs, and increase deficits.” The Great Betrayal of the safety net will begin if Obama is able to deliver the “grand bargain” imposing austerity that would “slow the economy, cut jobs, and increase deficits” and unravel the safety nets – the four horsemen of the economic apocalypse.
Obama is telling the media that the Great Betrayal is his first, and overarching, priority should he be re-elected. We are forewarned and we must act now to make clear that we will block the Great Betrayal and crush at the polls any member of Congress who supports it.
Do not concede the phrase “grand bargain” to the proponents of the betrayal. We should heed Camus’ warning that it is essential to call a plague by its real name if one is to resist it – and it is essential to resist the pestilence. “[W]hen you see the suffering and pain that it brings, you have to be mad, blind or a coward to resign yourself to the plague.” We must refuse to resign ourselves to being betrayed by Democratic leaders. Our actions must make it clear that we are not mad, blind, or cowards. We refuse to fall for their faux moral panics. It is our leaders who are all too often mad, blind, and cowards.