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Class Warfare from the Top Down

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  • While the economy stagnates and our infrastructure crumbles, Bush's breaks for the wealthiest Americans are doing far more harm than good.
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  • "The spine of this White House," says vanden Heuvel, "is wobbly."
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  • Why Obama Is Proposing Whopping Corporate Tax Cuts, and Why He’s Wrong
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Katrina vanden Heuvel, The Nation on Grit TV
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Class warfare is not, as John McCain would have you believe, overturning Bush's tax cuts for the rich. "Class warfare is when you have corporations sitting on $1.8 trillion," says Katrina vanden Heuvel. While the economy stagnates and our infrastructure crumbles, Bush's breaks for the wealthiest Americans are doing far more harm than good. But what is Obama doing about it? "The spine of this White House," says vanden Heuvel, "is wobbly."

Meanwhile, the real class war is happening in the same direction it always has—from the top down. When people like Elizabeth Warren are demonized and deficits are a point of obsession, it's not the rich who have to worry. Vanden Heuvel joins The Nation on GRITtv to explain why the Obama administration continues to defend the rich to the detriment of the rest of the country.

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Related:

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Why Obama Is Proposing Whopping Corporate Tax Cuts, and Why He’s Wrong, Robert Reich, RobertReich.org
The economy needs two whopping corporate tax cuts right now as much as someone with a serious heart condition needs Botox.