Of Bedrooms and Boardrooms
Robert B. Reich
Some want the 2012 election to be about regulating America's bedrooms. But it really ought to be about regulating the nation's boardrooms.
The bedroom regulators are on the move. Republicans don't want same-sex marriage.
Meanwhile, Republicans have introduced more than 400 bills in state legislatures banning abortions, requiring women seeking abortions to have invasive ultrasound tests beforehand, and limiting the use of contraceptives.
The Republican bedroom crowd doesn't want to talk about the nation's boardrooms because that's where most of their campaign money comes from. And their candidate for president has made a fortune playing boardrooms like checkers.
Yet America's real problems have nothing to do with what we do in our bedrooms and everything to do with what top executives do in their boardrooms and executive suites.
We're not in trouble because gays want to marry or women want to have some control over when they have babies. We're in trouble because CEOs are collecting exorbitant pay while slicing the pay of average workers, because the titans of
Our crisis has nothing to do with private morality. It's a crisis of public morality -- of abuses of public trust that undermine the integrity of our economy and democracy and have led millions of Americans to conclude the game is rigged.
Consider the recent admission by
But not to worry, said Dimon: "We will admit it, we will learn from it, we will fix it, and we will move on."
Move on? Ever since the start of the banking crisis in 2008, Dimon has been arguing that more government regulation of
He vehemently and loudly opposed the new Dodd-Frank law designed to reign in
Dimon argued that the financial system could be trusted; that the near-meltdown of 2008 was a perfect storm that would never happen again.
Since then, JPMorgan's lobbyists and lawyers have done everything in their power to eviscerate Dodd-Frank -- creating exceptions, exemptions and loopholes that effectively allow any big bank to go on doing most of the derivative trading it was doing before the near-meltdown.
Romney says he wants to repeal the entire Dodd-Frank law altogether.
And now -- only a few years after the banking crisis that forced American taxpayers to bail out the Street, caused home values to plunge by more than 30 percent, pushed millions of homeowners underwater, threatened or diminished the savings of millions more, and sent the entire American economy hurtling into the worst downturn since the Great Depression --
What's truly immoral is not what adults choose to do with other consenting adults. It's what those with great power have chosen to do to the rest of us.
It is immoral that top executives like Dimon are richly rewarded no matter how badly they screw up, while most Americans are screwed no matter how hard they work.
Republicans have no problem intruding on the most personal and most intimate decisions any of us makes. But they don't want the government to intrude on big business or
They have it upside down.
We must protect and advance private rights of individuals over intimate bedroom decisions. People should be free to choose whom they marry and when they have children.
We must also stop the abuses of economic power and privilege in our nation's boardrooms and executive suites. The greedy and irresponsible actions of some top executives are doing great harm to America.
Read the latest political news.
- Of Bedrooms and Boardrooms
- Budget Cut Blues: America Needs More Informed Citizenry
- Pentagon Spending Spree
- Why the 'Pro-Growth Centrists' are Wrong
- Social Security's Dual-Income Trap
- Mitt Romney Must Find Tactical Advantage
- New Marco Rubio Faces Key Test
- Mitt Romney's Pitch to Hispanics Won't Work
- Turning the Other Cheek to Donald Trump
- Trampling the Right to Vote
- Ham-Handed Solution to a Problem That Doesn't Exist
- New Florida Voter Purge Should Come As No Surprise
- Romney and Bain: Actual 'Entitlement Society' in Action
- An 'Independent' Super PAC Demonstrates Supreme Court's Folly
- On Picking an Unprepared Vice-President
- Fat Cat Urged to Bankroll Anti-Obama Hatefest
- The Massachusetts Indian War of 2012
- Chameleon Nation
- Cabinets Gone Wild
- Which Kind of Capitalism? A Debate for Obama and Romney
- More Campaign Surrogate Blunders
- Are We Better Off Than in 2008?
- The Defeat of a Man of Reason
- Our Politics is a Mess, But Only One Party is The Cause
- Right-Wing Rage Trips Itself
- 'Money Primary' Pushes Obama to the Left
- Mitt Romney's Stellar Performance
- A Campaign Treading Water
- Mitt Romney Feeds the Crocs
- The Power of the Incumbency
- Demise of a Centrist Nominee Dream
- The Media's Religion Deficit
- Crushing College Dreams
- We Can't Afford Energy Subsidies and Tax Breaks
- The Truth's Liberal Tilt
- Mitt Romney's Media Handicap
- George Bush's Pithy Endorsement
- Spending Debate Creates an Opportunity for Mitt Romney
- The State of the Military-Industrial Complex Is Strong
- Republicans Have Bad Brains?
- The Citizen and the Government
- The President's 'Other Gospel'
- Voter IQs Need Refresher Course
- Cliches Conservatives Say
- Generation Pap
- Are Government's 'Strategic Communications' Coming to American Airwaves?
- The Job Stall
- Who Lost Latin America?
- United States Unlikely To Condemn Argentina's 'Outlaw Behavior' -- Yet
- French Elections Lesson
- Companies Save Big On Corporate Taxes With the Help of Lobbyists
- Happy Anniversary, or Partisan Boasting?
- On Losing Control of the Message
- My Papers? No Thank You
- Pothole Nation
- Why Being 'On The Right Track' Isn't Enough
- The Poor as Collateral Damage
- The Real Deal About College Costs
Of Bedrooms and Boardrooms | Politics
(c) 2012 Tribune Media Services, Inc.