So, I thought it would be interesting to compare the alphabet soup programs of the New Deal with the alphabet soup programs of Corporate America. Let's take a quick look at 5 programs from each.
Provided power to rural areas (and still does).
Protected the bank deposits of ordinary Americans (and still does).
Offered job opportunities to millions of unemployed Americans and modernized our nation's infrastructure.
Offered job opportunities to young adult men and World War I veterans. These men developed hundreds of parks and planted 3 billion trees across the country, including many areas denuded by a timber industry run amok.
Provided protections against poverty (and still does).
Makes certain that all profits go to the 1%, and that American workers see no positive change in their paychecks--even if worker productivity increases. (In other words, makes sure that hard work doesn't pay.)
Specializes in selling junk securities.
To honor their service, this administration looks for ways to foreclose on soldiers' homes.....while the soldiers are in combat zones.
This division of Corporate America "cleans up" profits from illegal drug sales.....usually with a wink, a nod, and an ever-so-slight grin.
So, which alphabet soup do you prefer? The New Deal's or Corporate America's?
Here are some fun headlines from the past few years:
"JPMorgan to pay $614 million in U.S. mortgage fraud case" (Reuters, February 4, 2014)
"Bank Of America Will Pay $20 Million For Illegal Foreclosures On Active-Duty Soldiers" (Business Insider, June 4, 2011)
"FDIC Sues 16 Big Banks For Rigging LIBOR Rates" (Huffington Post, March 14, 2014)
"Goldman Sachs Will Settle Fraud Case for $550 Million" (CNBC, July 15, 2010)
"Wachovia to settle drug-money laundering case" (Associated Press, March 17, 2010)
"Hedge Fund SAC Capital Admits To Insider Trading" (CBS, November 9, 2013)
"7 Stunning New Details About Walmart's Mexican Bribery Scandal" (Business Insider, December 18, 2012)
"BP Oil Refinery Waste Stored At Koch Brothers-Owned Site Polluting Nearby Chicago Neighborhoods" (Huffington Post, October 22, 2013)
"How Koch Industries Makes Billions Corrupting Government And Polluting For Free" (ThinkProgress, March 1, 2011)