When the .01% wants truly reactionary legislation passed and signed, they rarely rely on Republicans anymore because they’ve exposed themselves as reactionary for so long that people are wary of them. Instead they rely on Democrats like Obama and Clinton.
NAFTA was a Republican initiative but it made little progress under Reagan and Bush1. Clinton championed it, twisted arms to get it passed and then signed it. The AFL-CIO reports that “To date, nearly 700,000 U.S. jobs have been lost or displaced since NAFTA took effect in 1994, according to a study by the Economic Policy Institute.”
To make matters worse in 1999 Clinton championed and signed another Republican bill, The Gramm–Leach–Bliley Act or the Financial Services Modernization Act of 1999, which deregulated predatory lenders and wiped out all the financial safeguards put in place during the Hoover Depression to prevent another one. Demorats and Rethugs voted for Gramm–Leach–Bliley in huge majorities.
Then, in 2000, Clinton championed and signed the Commodity Futures Modernization Act of 2000 which deregulated the toxic financial products known as over-the-counter derivatives.
The combination of the three created the current depression.
Now Obama, a Clinton clone, repeatedly promises to put Social Security and Medicare/Medicaid on the table, proving once again the truth of Gore Vidal’s analysis of the two parties “There is only one party in the United States, the Property Party … and it has two right wings: Republican and Democrat. Republicans are a bit stupider, more rigid, more doctrinaire in their laissez-faire capitalism than the Democrats, who are cuter, prettier, a bit more corrupt — until recently … and more willing than the Republicans to make small adjustments when the poor, the black, the anti-imperialists get out of hand. But, essentially, there is no difference between the two parties.”
On November 6th, vote socialist, write in Brad Manning or just sit it out. Decent people don’t have a horse in this race.