Are Democrats Being Duped (Again)?

Given their past history, I don't have much faith in the Democratic Party leadership in Congress to stand up to Bush and the GOP. Bush's economic crisis has given Democrats a perfect chance to for once and for all KILL the conservative "free market" nonsense that created this crisis. They should stand up to Bush and Wall street.

Instead, it looks like the Democrats (Pelosi & Reid) are trying to work with Bush to bailout Wall street, while conservative Republicans have killed the Bush bailout and side with the American people against the taxpayer bailout. Why are the Democrats HELPING Bush again??

The Bush Administration is clearly trying to forestall the coming economic depression until after the election. Why should Democrats be supporting the Bush rescue plan instead of defending taxpayers against Wall street and the corporate rich?
Isn't it clear that John McCain and the House GOP wants to link the Democrats to the Bush Bailout ("socialism") and try to portray themselves as "populists" defending "mainstreet" against "Wall Street"?

It will be a political disaster if the Democrats side with Bush and the Republicans take credit for opposing the Bush bailout of Wall street!

I feel a political disaster coming. Talk me Down!

I'm not alone:
George Lakoff: The McCain Trap


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And as someone pointed out to me, Bill Clinton and the Democrats did help create this crisis by implementing some of the de-regulation that Wall Street bankers like Robert Rubin wanted. (It was his Secretary of the Treasury , Robert E. Rubin, now an Obama advisor, who helped to do away with come of the regulatory power of the Glass-Steagall act in 1999. That change set the stage for the current crisis in capitalism.)

Read how the Bill Clinton and the DEMOCRATS contributed to the current crisis by supporting deregulation of the financial industry:

Socialist Worker: The Bipartisan Deregulators

The Making of the Free Market Meltdown

Wall Street Bailout Death Match

In one corner, the "free-market" conservatives oppose government regulation and oppose the $700 billion Bailout of WallStreet, and want less regulation and more corporate tax cuts, on the Left progressives oppose the Bush bailout as well, but want more regulation and increased taxes on the corporate rich and government assistance to homeowners and the middle class.

It almost looked like the Democratic "Leaders" in Congress were about to bailout Bush and Wallstreet by going along with a revised plan, but John McCain and House Democrats sabataged the plan with a new plan to CUT corporate taxes and CUT regulation more.

I'm afraid the Democrats were about to be out manouvered by the GOP once again. It is looking like McCain and House Democrats are going to try to take the "populist" banner by opposing the Bush plan and leaving Democrats to blame for supporting the "socialist" Bush/Paulson plan. It seemed like the conservative Republicans have been the most outspoken opponents of the Bush plan, while the Democratic Leaders (Pelosi/Reed) were left defending some version of the Bush plan.

Some progressive Democrats have been speaking out against the bailout plans, but they have not been as vocal as the conservative Republicans.

Obama should NOT allow McCain and the GOP to take the populist position and link him to the Bush bailout of Wall Street!

The Democrats need to follow the example of Sen. Bernie Sanders and offer a progressive alternative that will put the burden of any "bailout" on the corporate rich rather than the working class.

THIS DEBATE ON HOW TO DEAL WITH THE BUSH ECONOMIC CRISIS SHOULD BE A DEBATE BETWEEN THE BASIC PRINCIPLES OF CONSERVATIVES VS. PROGRESSIVES! WHO SHOULD PAY? WHO SHOULD BENEFIT? The Corporate Rich or the Working Class?
This is the basic issue that divides Liberal/Progressives and Conservatives! The Democratic Party MUST defend the liberal/progressive principles and not compromise to help bailout Bush and the Republicans! This is THEIR economic crises, the consequences of their policies (deregulation and corporate welfare) and as painful as it may be, the American people need to feel the pain of "free market" capitalism! Then maybe we can have a movement for democratic socialism and dump the corporate two-party system!

Watch Socialist Bernie Sanders take on right-wing capialist (corporate socialist!) Larry Kudlow on CNBC!



Sander: Wealthy Should Pay for Bush Bailout

UPDATE:
McCain Plays Bailout Spoiler

Bailout Plan Breaks Apart

FDIC Seizes Washigton Mutual: Largest Bank Failure in History!

Capitalism: "Wall Street Falls on Good Economic Data"

I just don't understand Capitalism :)
Wall Street Falls on Good Economic Data

(notice that when unemployment goes DOWN and Wages go UP, Wall Street Panics!)