Official Washington has long embraced “free-market” mantras, whether bank deregulation or fast-track trade bills promising prosperity for all. But the promises have been hollow, hollowing out the Middle Class and now causing problems for President Obama’s Pacific trade deal, write Bill Moyers and Bernard Weisberger.
Sheldon Adelson, the casino tycoon who has proposed nuking Iran, was in the gallery as Israeli Prime Minister Netanyahu delivered his “State of the Union” speech to a rapt and rapturous U.S. Congress. After all, Adelson funds both Netanyahu and the Republican Right, as Bill Moyers and Michael Winship note.
Money remains the nourishing milk of politics and both parties are lining up to get their fill by hobnobbing with the plutocrats who have the most to share. Whether the Koch Brothers or Vernon Jordan, the process of political corruption shows no sign of ending, Bill Moyers and Michael Winship lament.