Mitt Rmoney is exactly wrong for a democratic America, and nominating him was an act of supreme hubris. Why won't Democrats make the Republicans pay? Robert Reich explains:
Romney is the only casino capitalist who is running for president, at the very time in our nation’s history when these views and practices are a clear and present danger to the well-being of the rest of us—just as they were more than a century ago. Romney says he’s a job-creating businessman, but in truth he’s just another financial dealmaker in the age of the financial deal, a fat cat in an era of excessively corpulent felines, a plutocrat in this new epoch of plutocrats. That the GOP has made him its standard-bearer at this point in American history is astonishing.
[W]hy don’t Democrats connect these dots? ... Part of the answer, surely, is that elected Democrats are still almost as beholden to the wealthy for campaign funds as the Republicans, and don’t want to bite the hand that feeds them. Wall Street can give most of its largesse to Romney this year and still have enough left over to tame many influential Democrats (look at the outcry from some of them when the White House took on Bain Capital). But I suspect a deeper reason for their reticence is that if they connect the dots and reveal Romney for what he is—the epitome of what’s fundamentally wrong with our economy—they’ll be admitting how serious our economic problems really are. They would have to acknowledge that the economic catastrophe that continues to cause us so much suffering is, at its root, a product of the gross inequality of income, wealth and political power in America’s new Gilded Age, as well as the perverse incentives of casino capitalism.I've been working this theme for a while:
Democrats gave up their [class] unity voluntarily as a result of the marketplace, not of ideas, but of campaign contributions. They passed post-Watergate reforms in reaction to the financial abuses of Nixon's Committee to Re-Elect the President (CREEP), but they ran afoul of unintended consequences.Go and listen to Reich, as well.
Democrats could no longer raise large chunks of money from wealthyideological sources; they now had to spread their fundraising to wealthy business interests who were much more likely to play the access game.