Why Some Billionaires are Afraid of a Democratic President, and Why the Working Class should Elect One

Capitalism (2)

George W. Bush divided our nation and began the growth of income inequality. Although this was just one of his crimes against America, its effect on the working class today is abysmal. Bush and Cheney allowed the super rich to literally do anything to increase their enormous wealth.

Without controls over the banking industry, a housing crash of proportions never experienced in America began in 2008. Thousands of hard-working Americans were forced from their homes as foreclosure signs dotted America’s communities.

This process continues under another illegitimate Republican president today. Trump is also allowing the petroleum industry to defile our most beautiful lands and has proposed additional drilling near some of the most beautiful beaches in the world.

In the U.S., there are 607 billionaires, up from 586 last year and 404 in 2010. This is the result of Trump’s gifts to America’s wealthy he facetiously labeled “tax reform.”

Why is this important? There are several reasons and all of them negatively affect working class Americans. This fact offers an understanding of why the gap between the ‘haves’ and ‘have nots’ has grown during Trump’s illegitimate presidency.

There is little doubt that this Republican Party in name only is the party of special interests. The once Grand Old Party is supported by some of the greediest billionaires in our nation.

Let’s go back to 2008. We have just learned that at least 20 billionaires in 2008 joined together to create a ‘dark money’ PAC opposing Barrack Obama’s presidency. Among this group of men and women who view money as their god are names you may know. They include Richard and Helen DeVos who gave $1 million to the group in October 2012. Texas oil-and-gas billionaires Richard Kinder, Dan Wilks, Farris Wilks and late Houston Texans owner Robert McNair were also among the donors that year. Others include Dennis Washington of Montana, who got rich in mining and railroads, and Leon Black of New York, who cofounded private equity giant Apollo. WWE chief executive Vince McMahon donated, along with his wife Linda McMahon, who Donald Trump later appointed to his cabinet.

You might recognize the first surname; Betsy DeVos purchased her position as Secretary of Education, although she has zero qualifications with the exception of having donated millions of dollars to Republican candidates. This is also true of Linda McMahon. This is your fake-Republican Party today; all about money and no substance.

Finally, it is a fact that the working class experiences a better quality of life under Democratic administrations. Franklin Delano Roosevelt will forever be remembered as the ‘President of the working class.’ When Bill Clinton left office in January of 2001 our nation had a surplus in the national treasury. President Obama’s hard work and wisdom moved our nation away from a near depression and when he left office in 2017 America’s recovery was on a study and upward track.

Trump has doubled down on Bush’s efforts to serve the wealthiest of all Americans. Recovery has slowed and there is fear of another recession. This is of no concern to Trump and his cronies. During the great recession of 2008 the richest men and women in America continued to experience financial growth.

Remember these facts when you go to the polls on November 3, 2020. It’s paramount that the working class has a president in the White House who will work for them and not only for the 10 percent of Americans who control 90 percent of the wealth today. If this feels like the second American Revolution, it should, and it is. Tell everyone you know and encourage them to vote.

Op-ed by James Turnage

SOURCE

Image courtesy of Roscoe Myrick

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