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In his new book ‘Listen, Liberal or Whatever Happened to the Party of the People’, author Thomas Frank (‘What's the Matter with Kansas?) points out that the Democratic Party’s historical role of protecting the working middle class has all but vanished. Since the 80’s, many policies implemented by both Republican and Democratic administrations have hugely benefited the ‘professional class’ as well as the ‘business class’. By ‘professional class’ Frank refers to affluent professionals, lawyers, doctors, investment specialists, etc. This class is very liberal in a cultural sense, but very conservative economically.
The shift in policy in the Democratic Party came after George W. Bush’s victory, when the ‘New Democrats’ tried to be centrist by combining right-wing economic policy with left-wing social policy, which they called the ‘Third Way’.
Frank is especially harsh on Bill Clinton. He was the prototypical New Democrat. He signed the NAFTA agreement, deregulated Wall Street and ‘reformed’ Welfare by putting pressure on the unemployed. Barak Obama continued this trend, trying to fast track the TTP and, although he put the Healthcare Bill into law, Big Pharma and the insurance companies are still in control of health insurance. Read more...