The Great Democrat Con

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The Democratic party has run the most amazing con job in political history. For the longest time it has convinced the American public that it is the party that works for the benefit of the working class while painting the Republicans as evil tools of corporate greed. In reality every single one of their major policies have massively enriched the big business they are supposed to be railing against. Despite their demonization from the press and complete lack of effort in defending their viewpoints it is actually the Republicans who pursue efforts that end up helping the poor and middle class citizens.

Lets take a look at a few of the most popular Democrat accomplishments.

Dodd-Frank

I have written about this in the past. According to Democrats this was supposed to protect the economic system from the banking industry being too big to fail and requiring bailouts. In reality it increased the market share of giant backs from 25% to 63% and increased the share of 4 banks from 11% to 43%. It has devastated smaller banks causing 25% of them to close outright and creating a period in the Obama administration where only 3 new banks opened as opposed to 100’s per year under Bush. Of course since there is no competition consumers take it on the chin as well as they have more fees to contend with.

Due to their brilliant marketing consumers still think Dodd-Frank is good for them and major Democrats like Bernie Sanders still want to continue this policy even after seeing its effects.

Obamacare

Obamacare was billed as a way to deliver affordable quality healthcare to every man , woman, and abortion in America. It was supposed to lower all premiums, let everyone keep the same doctor, and let people with existing illnessess benefit from insurance. The insurance companies complain about Obamacare but in reality they have more than doubled their profits under this system. In exchange for their doubled profits they have delivered massive premiums and sky-high deductibles. People were indeed covered but deductibles are so high very few people could use their insurance effectively. After all there is no incentive to provide quality insurance when the government holds a gun to your head and forces you to purchase it. In most cases you are forced to buy it from an effective monopoly.

Illegal Immigration

Democrats have always been big supporters of illegal immigration. The cynic in me says they do it for voters. Others will say because they want to help the poor citizens of South America and other places. Whatever the reason the policy depresses income for those who make the least.

Labor like anything else is a commodity. As with any commodity when there is plenty of supply its value drops. Illegal immigration increases the supply of labor massively undervaluing the labor provided by citizens. The concept is similar to plantations importing slaves in the past because they could not make the same profit paying citizens fair wages.

It is very sad that Republicans are too shy to point out these failures of Democrats enabling them to continue misleading their public about their image.

 

 

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One thought on “The Great Democrat Con

  1. Re immigration, the dem politicians probably support illegal immigration for the votes, but I think that the average lib/dem voter genuinely thinks it’s just plain nicer to let ’em in. Of course, whether they think through who pays for that is another story.

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