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From The Socialist newspaper, 31 July 2008

Whine and dine

OK, SO more than a million Americans have lost their homes in the worst housing crisis since the Great Depression and the country's unemployment rate rose at its fastest pace in more than two decades, stoking fears of recession.

But, as former Texas Senator, Phil Gramm (a top economic adviser to Republican presidential candidate John McCain) says, the real problem is: "We have sort of become a nation of whiners. You just hear this constant whining, complaining about a loss of competitiveness, America in decline."

Gramm, of course, has little to whine about. He's got a very generous pension as a former member of the House and Senate. In addition, he has found work since leaving the Senate as a lobbyist for the firms he once aided as a legislator.

Plus, his wife is helping out. Wendy Lee Gramm was Ronald Reagan's and George Bush senior's appointed head of the Commodity Futures Trading Commission. Under her stewardship the commission exempted Enron (the company involved in the largest securities fraud scandals in history) from regulation of its trading in energy derivatives.

Surprisingly, after leaving that post, Wendy Lee Gramm took a seat on the Enron board of directors!

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Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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In The Socialist 31 July 2008:

Voters reject Labour: Build a new workers' party

Glasgow East by-election: New Labour's support evaporates


Olympics

The not so 'green' Beijing Olympics


Socialist Party campaigns

Gestures to the low paid are not enough: Fight for a living wage

Feature: End the pay gap now

Whine and dine

EDF - taking the rise

Stop the far-right

'A Workers' MP on a Worker's Wage'

Campaigners keep fighting to save local post offices


Socialist Party review

The Ragged Trousered Philanthropists


Socialist Party workplace news

Passport staff strike

Land registry in third pay walk out

Passport to profits

In brief


 

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