Monday, June 16, 2014

U.S. Political Elite “Shocked” and “Stunned” by Election Defeat of House Poohbah

Republican creep Eric Cantor, the U.S. House of Representatives Majority Leader (second highest House post below the Speaker of the House) lost the GOP primary in his Virginia Congressional district to an ideological “economics” professor who opposes the minimum wage and who ran against immigration law reform and “crony capitalism.” This fellow, named David Brat, was promoted by right-wing media extremists such as Rush Limbaugh and Laura Ingraham.

The U.S. media establishment and political elite pronounced itself “stunned” by Cantor’s defeat in an election with a very low turnout (the kind susceptible to victories by motivated cadres of ideologues and small political movements). The words “stunned” and “stunning” have been repeated innumerable times by the corporate broadcast and print media in the U.S. in stories about Cantor’s fall (and on U.S. government radio propaganda network NPR). One factoid they keep mentioning is that it “is the first time since the Majority Leader post was created in 1899 that a Majority Leader lost an election.” Well, if that’s so, it’s about time.

The “stunned” reaction of the elites is a symptom of their smugness. They really believe their grip on power is unassailable, or should be, which is an even worse attitude. They think entrenched members of the political nomenklatura should never suffer the indignity of being voted out of office by mere citizens. Having proclaimed the Tea Party movement dead, defeated by “establishment” Republicans, to the great relief of the establishment, now they’ve changed their tune, and once again see the Tea Party (not an actual party, but a movement with a faction within the Republican Party) as a threat to “establishment” (sometimes called, absurdly, “moderate.”) Republicans. They identify Brat as a Tea Partyer, although Brat himself eschews the label.

The split between “establishment” Republicans and Tea Party types is partly a small capitalist vs. big capitalist split. Turns out that not all capitalists have the same interests. (It’s long overdue that small capitalists realized this. Big capitalists have been playing them for saps for decades.) Cantor’s biggest donors were Wall Street high finance firms. [1]

The Tea Party types, who partly reflect the resentments of small capitalists, hate deficit spending and social programs, and feel the “establishment” Republicans are phonies in their stated opposition to big government debt. But they go farther. They see the massive tax breaks and government subsidies and sweetheart contracts for large corporations, and the indulgence of finance capital and its massive bailout by the government, as causes of the large government debt (which undeniably they are) and as examples of corruption and favoritism that is antithetical to true free enterprise. Tellingly, the very next day after Cantor’s defeat, the stock of Boeing, a large war corporation, plunged, wiping out its gains year to date. The New York Times ran a lengthy article about big business and their lobbyists breaking out in cold sweats over Cantor’s defeat, and rushing money to help reactionary Mississippi Senator Thad Cochran beat back a Tea Party challenger for the GOP Senate nomination in that state. After Cantor’s primary defeat, Washington lobbyists for big corporation held a snap fundraiser for Cockran, raising $800,000 on the spot. (Spare change for their corporate masters.) And Michael Bloomberg Billionaire gave Cockran $250,000 in May, the article reported. [2]

The usual GOP scapegoat for government deficits and debt is social programs that actually help people. These too are bete noires of the Tea Party ideologues. But the TPers aren’t committed to walling off corporate welfare from scrutiny, cuts, and elimination, unlike “establishment” Republicans, nor are they so hot on endless U.S. imperialist aggression, not because they are anti-imperialist (i.e. morally principled) but because they don’t want to pay for it. As colossal military spending is a pillar of the U.S. power structure, this attitude is another “threat” from the perspective of establishment scum.

The “stunning” and “shocking” unseating of Cantor from his Congressional perch (don’t worry about him, he’ll go on to magnificently munificent sinecures, still securely nestled in the bosom of the corporate oligarchic power structure) should be an occasion of glee and joy for the rest of us. Shed not a tear for this hitman for the ruling classes in their endless class warfare against the rest of us. And it’s a class war the U.S. wages globally.

There’s another current event that is discombobulating the U.S. political elite- the sudden seizure of Mosul and other Iraqi cities by the “Islamic State of Iraq and Syria,” a vicious Islamofascist armed organization. But that’s a topic for another essay.

1] The boss of Goldman Sachs, Lloyd Blankfein, went on CNBC, a cable TV channel devoted to fawning over Wall Street executives and acting as a platform for stock shilling, to praise Cantor and call his loss- yes- “stunning.” See “For Business And the GOP, A Cantor Effect,” New York Times, June 15, 2014, page 1.

Goldman Sachs is the preeminent parasitic finance capital firm, and it controls the U.S. Treasury Department. And I mean directly; for example Bush the Younger made the then-chairman of Goldman, Henry Paulson, a man who had amassed a fortune of $700 million while contributing nothing to the human race, Treasury Secretary, from which position he made sure the government made good Goldman’s losses in the financial calamity of 2008 caused by the unregulated mega-speculating and mortgage frauds Goldman itself engaged in and aided and abetted, and helped stampede Congress into voting for the $700 billion bailout for high finance to save it from itself. Both the regimes of Bill Clinton and Bush the Younger filled the power positions in the Treasury Department with corporatchiks from Goldman Sachs.



Goldman Sachs executives planted in key U.S. government positions in the Bush II regime.


2] NY Times, ibid

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