Thom Hartmann in AlterNet:
Bank robber Willie Sutton famously said that banks were “where the money is,” and the money available for politics in 1992 had moved from the pockets of working people (wages had been flat for more than a decade) and their unions (unionization was in freefall) into the pockets of banks, insurance companies, drug companies, defense contractors, and other big corporations. And the Supreme Court had legalized taking their money in exchange for favors just before Reagan’s election in 1976 and 1978 (and tripled down on it in 2016).
“In April 1989,” From’s book notes, he “traveled to Little Rock, Arkansas, to recruit the state’s young governor, Bill Clinton, to be chairman of the DLC.” The result of their partnership was the creation of the Democratic Leadership Council (DLC) and a new mantra for the Democratic Party: “[E]conomic centrism, national security, and entitlement reform…” that brought with it a flood of corporate and billionaire money.
The party of big government solutions had become the party of big corporate money.