Robert Scheer: Blame Clinton, Not Paul

[marmar]

from truthdig:



Blame Clinton, Not Paul
By Robert Scheer


What is so great about our bloated federal government that when a libertarian threatens to become a senator, otherwise rational and mostly liberal pundits start frothing at the mouth? What Rand Paul thinks about the Civil Rights Act, passed 46 years ago, hardly seems the most pressing issue of social justice before us. It’s a done deal that he clearly accepts.

Yet Paul’s questioning the wisdom of a banking bailout that rewards those who shamelessly exploited the poor and vulnerable, many of them racial minorities, is right on target. So too questioning the enormous cost of wars that as he dared point out are conducted in violation of our Constitution and that, I would add, though he doesn’t, prevent us from adequately funding needed social programs.

Under the leadership of President Bill Clinton, Wall Street secured the radical deregulation of the financial industry that its lobbyists had long sought. I opposed that betrayal of the sensible policies of the last great Democratic president, Franklin Delano Roosevelt, and I suspect that Paul applauded the move as an extension of the free market that he so uncritically celebrates.

Where I agree with him is that with freedom comes responsibility, and when the financial conglomerates abused their freedom, they, and not the victims they swindled, should have borne the consequences. Instead, they were saved by the taxpayers from their near-death experience, reaping enormous profits and bonuses while the fundamentals of the world economy they almost destroyed remain rotten, as attested by the high rates of housing foreclosures and unemployment and the tens of millions of newly poor dependent on government food handouts.

But the poor will not find much more than food crumbs from a federal government that, thanks to another one of Clinton’s “reforms,” ended the federal obligation to deal with the welfare of the impoverished. Yes, Clinton, not either Paul, father Ron or son. It was Clinton who campaigned to “end welfare as we know it,” and as a result the federal obligation to end poverty, once fervently embraced by even Richard Nixon, was abandoned. ...........(more)

The complete piece is at: http://www.truthdig.com/report/item/blame_clinton_not_paul_20100525/