Although it is repetitive, let me set the stage again. Two groups of people have been getting richer: the executives who sit on each other’s boards and vote each other a rising share of private sector income, and retired public employees whose unions have cut political deals for retroactive pension increases. Everyone else is getting poorer. There is, in other words, the executive/financial class, the political/union class, and the serfs, with just about everyone in younger generations being left to be serfs as Generation Greed sells off the common future. This is not the result of anything like a free market, but rather is the result of political power and manipulation. The public employee unions and executives negotiate their pay and benefits in secret with their cronies, and then pass the bill on to powerless others who are made worse off, taxpayers/public service recipients and shareholders, with the cost generally deferred to a common future they don’t’ care about. Here in the U.S. they continue to take more and more, and express outrage at anyone who dares to question their entitlement, even in the wake of a Great Recession that made everyone else much worse off.
Might Eliot Spitzer be the man to put the spotlight on this? To ask questions, provide truthful information, call for fairness in allocating the losses in the future based on who has taken the lion’s share of the benefits in the sordid past? To let the serfs, younger generations, and younger and future public employees know exactly what has been done to them, and by (collectively) whom, and to demand fairness for ordinary people? The powerful interests seem to think so. Their passionate backing of Scott Stringer for Comptroller seems to have convinced Gatemouth they are right. Spitzer as the champion of the common person just living their lives, against those inside the room sucking the life out of our common institutions and common future? When you look back at Spitzer’s tenure as Governor, you see a different reality. A man whose primary concern is the greater glory of Eliot Spitzer.