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October 17, 2008

"Unchecked left-wing ascendancy" on the horizon

There is a remarkable text in today's Wall Street Journal: a single editorial that essentially pushes the panic button for corporate America.

The prospect, more than anything, of "a filibuster-proof Senate, or very close to it," has them virtually hysterical. The result is an editorial that provides an extraordinary window into the demons that haunt economic royalists. Consider these warnings:

* "Though we doubt most Americans realize it, this [a large Democratic majority in both houses of Congress plus a Dem in the White House] would be one of the most profound political and ideological shifts in U.S. history." [If only!]

* "the U.S. [may be] entering a period of unchecked left-wing ascendancy"

* "A strongly Democratic Congress is now likely to lay the final flagstones on the path to government-run health insurance from cradle to grave." [Double if only!]

* Lifting the cap on income subject to Medicare and Social Security payroll taxes "would convert what was meant to be a pension insurance program into an overt income redistribution program." [Actually, it would restore it as a covert income redistribution program, which is what those anti-business pinko's in the 1930s secretly intended, a point made many times by this esteemed editorial board.]

* "A tax-and-regulation scheme in the name of climate change is a top left-wing priority."

* "One early effort [in Congress] would be national, election-day voter registration."

* "The anti-antiterror lobby would be rewarded with the closing of Guantanamo and military commissions, which probably means trying terrorists in civilian courts."

There's much more, beyond this sample, in the WSJ's catalog of what the economic right wing is hyperventilating about. Not a single "wedge issue" is mentioned; these guys couldn't give a rat's ass about abortion or gay rights one way or another. It's all about money -- theirs, and how they can hang on to every last ounce of private wealth and corporate power.

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