John McCain & Barack Obama both have advisers tied
to Wall Street mess
John McCain and Barack Obama both pledged to rein in Wall
Street abuses Tuesday, but their campaign rosters include top
advisers and moneymen with key roles in making the mess
possible....
http://www.nydailynews.com/money/2008/09/16/2008-09-16
...When the business interests, led by William C. Whitney,
pushed through the first installment of civil service reform in
1883, they expected that
they would be able to control both political parties
equally.
Indeed, some of them intended to contribute to both and to allow
an alternation of the two parties in public office in order to
conceal their own influence, inhibit any exhibition of independence
by politicians, and allow the electorate to believe that they were
exercising their own free choice.
Such an alternation of the parties on the Federal scene occurred
in the period 1880-1896, with business influence (or at least
Morgan's influence) as great in Democratic as in Republican
administrations. But in 1896 came a shocking experience. The
business interests discovered that they could control the
Republican Party to a large degree but could not be nearly so
confident of controlling the Democratic Party...
... The inability of plutocracy to control the Democratic
Party as it had demonstrated it could control the Republican Party,
made it advisable for them to adopt a one-party outlook on
political affairs, although they continued to contribute
to some extent to both parties and did not cease their efforts to
control both. In fact on two occasions, in 1904 and in 1924,
J. P. Morgan was able to sit back with a feeling of satisfaction to
watch a presidential
election in which the candidates of both parties were in his sphere
of influence.
In 1924 the Democratic
candidate was one of his chief lawyers, while the Republican
candidate was the classmate and handpicked choice of his partner,
Dwight Morrow. Usually, Morgan had to share this political influence with
other sectors of the business oligarchy, especially with the
Rockefeller interest (as was done, for example, by dividing the
ticket between them in 1900 and in 1920)...
http://real-world-news.org/bk
... In these terms the political struggle in the United States
has shifted in two ways, or even three. This struggle, in the minds of the ill informed, had
always been viewed as a struggle between Republicans and Democrats
at the ballot box in November. Wall Street, long ago,
however, had seen that the real struggle was in the
nominating conventions the preceding summer. This
realization was forced upon the petty-bourgeois supporters of
Republican candidates by their antipathy for Willkie, Dewey,
Eisenhower, and other Wall Street interventionists and their inability to nominate their
congressional favorites, like Senators Knowland, Bricker,
and Taft, at national party conventions...
http://real-world-news.org/b
Two-party 'charade' must end, Ron Paul says
http://www.cnn.com/2008/POLITICS/09/10/paul