Thursday, May 20, 2010

Partner in Corporate Crime

I'm glad to see that the independent thinking leftist Robert Scheer is open-minded about libertarian Rand Paul:
Rand Paul is bad on a lot of social issues I care about, and no, I don’t embrace his faith in the social compassion of unfettered free markets. But the alternative we have experienced is not one of a progressive government properly restraining free-market greed but rather, as was amply demonstrated in the pretend regulation of the oil industry, of government as a partner in corporate crime. It is the power of the corporate lobbyists that is at issue, and it is refreshing that candidate Paul has labeled Washington lobbyists a “distinctly criminal class” and favors a ban on lobbying and campaign contributions by those who hold more than a million dollars in federal contracts.
What this shows is the anti-Establishment left and the anti-Establishment right actually have a lot in common.
Count me as one lefty liberal who is not the least bit unhappy with the victory by Rand Paul in Kentucky’s Republican primary for the U.S. Senate. Not because it might make it easier for some Democratic Party hack to win in the general, but rather because he seems to be a principled libertarian in the mold of his father, Rep. Ron Paul, R-Texas, and we need more of that impulse in the Congress. What’s wrong with cutting back big government that mostly exists to serve the interests of big corporations? Surely it would be better if that challenge came from populist progressives of the left, in the Bernie Sanders mold, but this is Kentucky we’re talking about.

Rand Paul, like his dad, is worthy of praise for standing in opposition to the Wall Street bailout, which will come to be marked as the greatest swindle in U.S. history and which was, as he noted on his website, an unconstitutional redistribution of income in favor of the undeserving rich:

“Federal bailouts reward inefficient and corrupt management, rob taxpayers, hurt smaller and more responsible private firms, exacerbate our budget problems, explode national debt, and destroy our U.S. dollar. Even more importantly, any bailout of private industry is in direct violation of the Constitution. It is a transfer of wealth from those who have earned to those who have squandered.”

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