Dr. Justin Frank talks about his new book, Obama on the Couch: Inside the Mind of the President with Peter B. Collins. Dr. Frank is a clinical professor of psychiatry at George Washington University, and previously wrote Bush on the Couch. Frank maintains a private practice in marital and family therapy. He describes “Obsessive Bipartisan Disorder” and remarks on Obama’s attraction to appeasing the GOP leaders who are committed to his destruction.
America's Second Gilded Age has been scoured of its glitter, along with the platitudes that its town criers preached -- "too much government," "market infallibility," and "prosperity forever." The policies and ethical failures that sprang from this gospel are under intense scrutiny. After 30 years, the self-serving creed of a right-wing coalition of wealth and power -- ideologues, promoters, corporate executives, and the American aristocracy of money - is under assault, its system failures increasingly apparent. Their ideology tantalized millions with the promise of "getting the government off our backs!"
The consequences of this readily marketable guff have led us to drastically altered economic circumstances -- a ruinous drop in both stock values and ethical standards that has weakened the economy; far worse, a global loss of confidence in the American economic system, and in a pro-market administration that is squandering America's good name and credibility among allies and friends
Submitted by Tjadendevries on Sun, 11/27/2011 - 4:49pm
Watch the video ... Actually it's worse, when you look at it the right way
The L-Curve graph represents income, not wealth. The distribution of wealth is even more skewed. Quoting from a recently-published book by political philosopher David Schweickart,
If we divided the income of the US into thirds, we find that the top ten percent of the population gets a third, the next thirty percent gets another third, and the bottom sixty percent get the last third. If we divide the wealth of the US into thirds, we find that the top one percent own a third, the next nine percent own another third, and the bottom ninety percent claim the rest. (Actually, these percentages, true a decade ago, are now out of date. The top one percent are now estimated to own between forty and fifty percent of the nation's wealth, more than the combined wealth of the bottom 95%.)
The Declaration of Independence is best remembered as a declaration of war, a war declared on the grounds that we wanted our own flag. The sheer stupidity and anachronism of the idea serves to discourage any thoughts about why Canada didn't need a bloody war, whether the U.S. war benefitted people outside the new aristocracy to whom power was transferred, what bothered Frederick Douglas so much about a day celebrating "independence," or what the Declaration of Independence actually said.
When you read the Declaration of Independence, it turns out to be an indictment of King George III for various abuses of power. And those abuses of power look fairly similar to abuses of power we happily permit U.S. presidents to engage in today, either as regards the people of this nation or the people of territories and nations that our military occupies today in a manner uncomfortably resembling Britain's rule over the 13 colonies.
Or perhaps I should say, a large portion of us take turns being happy or outraged depending on the political party with which the current president is identified.