The Democratic Party has been under control of Wall Street investment bankers since the Bill Clinton presidency. They also control the current Democratic presidential candidate.
Bernie Sanders has created a movement that will likely take over the helm of the Democratic Party within the next four years. In other words, a movement is being built for FDR Democrats to retake the party from the investment bankers.
“We have a political revolution to transform America,” Bernie said during his Democratic National Convention last night. The time is close at hand for this revolution to succeed. We have a Great Depression rumbling down the road at full throttle (See The Coming Recession: It’s Going to be a BIG ONE–JohnHively.wordpress.com.
The Republican Party leadership will, quite naturally, insist on more trickle-down economics as a means to remedy the disastrous Depression that trickle-down economics got us in to in the first place. Trickle-down has produced the greatest income and wealth inequality of any major industrialized nation of the last two hundred years. It’s created the most corrupt government in modern US history.
This Depression will hit the United States somewhere between October 2016 and June 2017. And when it arrives, a vast political change will occur over a period of many months that has not been seen since Franklin Delano Roosevelt became president by becoming a traitor to his class. And it will be through the Democratic Party that this political revolution will bare fruit, just as it happened in 1932-33.
It is “not sustainable,” Bernie said last night, “that the top 1/10th of 1 percent own more wealth than the bottom 90 percent.” He is correct. It is not sustainable. Let’s be correct about one thing.
The idle rich will not give up their political and economic power easily. It’ll be a fight to the finish, but a growing movement has formed around Bernie Sanders that will reestablish the tradition that the power of the US government, and the gains from the US economy, are going to go to those who earn it. This battle will not be won overnight, but it will be won.