Back before the start of the financial crisis in 2008, the guiding principle of Wall Street bankers was i.b.g./y.b.g. – when the whole thing comes crashing down, “I’ll be gone and you’ll be gone.” We will get away with it. That was prescient, to say the least. They pretty much did get away from it, except a handful of bad actors that hurt the wealthy as well as the ordinary. (Bernie Madoff is one of those.)
As we stand at the cusp of another presidential election, witnessing the terrifying aftermath of Hurricane Sandy, it’s clear that for the “conservative” (i.e. statist reactionary) side of the political equation, i.b.g./y.b.g. appears to apply to the climate crisis as well. Presidential hopeful Mitt Romney
has adopted his party’s Luddite stance on global warming, advocating massive expansion of fossil fuel extraction, processing, and use and joining the crackpot consensus on the right that sees extreme weather as a series of unfortunate (and wholly unrelated) accidents best ignored.
That the G.O.P. standard bearer can maintain this position after a year of unprecedented extreme weather is remarkable. That he can do it in the wake of Sandy’s devastation is pathological. Madness though it may be, it has a goal: profit. Romney is fighting for his class, and fighting hard. He is the champion of short-term gain, narrowly shared.
His beloved Keystone pipeline is case in point. Romney speaks of this project as a means of “energy independence”. I’m guessing he’s not ignorant enough of global markets to think that any resulting fuel would simply be shared amongst Americans. Any oil produced in the U.S. goes into the global market. Even more importantly, Keystone would carry tar-sands sludge, mixed with toxic chemicals, down to refineries on the Gulf coast where it would be refined into diesel fuel and shipped to China. The bottom line is, well, the bottom line. Who cares if it contributes mightily to the collapse of our ecosystem? They make their money, then i.b.g. / y.b.g., right?
Trouble is, w.b.g. (we’ll be gone), too. That plainly won’t do. Do the right thing on Tuesday, and send Romney back to his mansion and his $100 million I.R.A.
luv u,
jp
claiming that this can be balanced by closing loopholes on upper income earners. Horseshit. Where’s the proof? They don’t have any numbers. They can’t name deductions that they would suggest in any negotiations with Congress. They’re talking about an enormous gap that their plan would greatly expand, they claim they can close it, but they offer no details. They’ve got a secret plan to cut taxes and balance the budget while raising military spending: it’s called “Just trust us.”
I don’t know about these guys, but that “everything free” part probably sounds pretty attractive to a lot of Americans right now. While they equate Obama with Castro, Barry is much, much closer to them than he is to the bearded one in Havana. Would that he had put his shoulder behind expanding Medicare instead of this republican inspired, Heritage Foundation formulated health insurance scheme they call “Obamacare”. Would that he had committed himself to full employment along the lines of what Robert Pollin is recommending, among others. Those are positions worth defending. The problem Obama has right now is not the Republicans … it is his own flaccid liberalism, hopelessly compromised from the first stage of negotiation.