December 19, 2014 - We’ve just watched the Senate and the House — aided and abetted by President Obama — pay off financial interests with provisions in the new spending bill that expand the amount of campaign cash wealthy donors can give, and let banks off the hook for gambling with customer (and taxpayer) money.
What happened in Washington over the past several days sounds strikingly familiar to the First Gilded Age more than a century ago, when senators and representatives were owned by Wall Street and big business. Then, as now, those who footed the bill for political campaigns were richly rewarded with favorable laws.
Bill’s guest this week, historian Steve Fraser, says what was different about the First Gilded Age was that people rose in rebellion against the powers that be. read more>>>