What we’re watching is the death of the Democratic Party. Or, at least the Democratic Party as most of us have known it. The one that has taken its identity in the modern era from FDR and the New Deal, from Keynesianism and the social safety net. Despite any of its other shortcomings (and they are myriad), the Democratic Party has stood as a symbol for commitment to these principles. As recently as 2006, Democrats retook the House in a surprise wave election because the public feared that George Bush would destroy Social Security, and they trusted the Democrats over Republicans to secure it. Just like George Bush, Obama now wants to “save” Social Security….by giving those who want to burn it to the ground the the very thing they’ve wanted for decades. Any member of any party who participates in this effort does not deserve, and should not get, the support of anyone who values Social Security and cares about its preservation. The amount of damage that the Democrats under Obama have been able to do has been immeasurable, by virtue of the fact that they are less awful that George Bush. But where George Bush failed, Obama will probably succeed. Which means we’re watching another casualty here: Democracy. Or at least, the illusion that we live in a democratic society. The public, regardless of party, overwhelmingly opposes cuts to Social Security and Medicare. But elected officials of both parties are hell-bent on conspiring to bring the programs to an end. They seem to have come to grips with a fact that the public has not: their tenure in office depends on carrying out the wishes of oligarchical elites.
(video h/t Greenwald)