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Reply #1: Democrats used to be the party of the working class [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
paulk Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-05-10 12:53 PM
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1. Democrats used to be the party of the working class
"Obama met the jobs report with a speech at a lithium-ion battery plant in Charlotte, North Carolina. The White House had a propaganda video prepared beforehand, featuring interviews from workers at the company, Celgard, who had been rehired after their employer received money from the stimulus bill.
Obama used the speech to insist once again that there would be no federal jobs program to address the unemployment crisis. “The true engine of job growth in this country has always been the private sector, businesses like Celgard,” he said. “What government can do is create the conditions for companies to succeed.”
Indeed, the main component of the “recovery” has been in the profit levels of corporations, aided by the Obama administration. Corporate profits, which are highest when workers are overexploited and underpaid, grew explosively in 2009. The Obama administration’s various “jobs” programs, including the $750 billion stimulus bill, have gone in large part into subsidies to businesses like Celgard.
All of this has taken its toll on the working class. A study of court records found that there were 158,000 personal bankruptcy filings in March, an increase of 35 percent since February, and up 20 percent from the same time last year."

Not any more.
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