And one side won.
A great read this morning from Chait at the New York Magazine. This needs to be read in its entirety, but here is just one part that I think we here at Daily Kos picked up on at the time. In my mind, it was a turning point.
It began last December, when Obama delivered a trademark Big Speech in Osawatomie, Kansas, where Teddy Roosevelt once spoke, on government’s place in mitigating income inequality. It was, in a sense, an extension of his failed budget negotiations with House Republicans. Obama had decided that his reelection effort would be an attempt to go over Speaker of the House John Boehner’s head and bring to the voters the proposition he couldn’t get the opposing party to accept: that both moral decency and plausible budgeting required an end to George W. Bush’s tax cuts for the rich.
From Obama's Osawatomie speech:
Throughout the country, it has sparked protests and political movements – from the Tea Party to the people who have been occupying the streets of New York and other cities. It’s left Washington in a near-constant state of gridlock. And it’s been the topic of heated and sometimes colorful discussion among the men and women who are running for president....
But this isn’t just another political debate. This is the defining issue of our time.
You see, this isn’t the first time America has faced this choice. At the turn of the last century, when a nation of farmers was transitioning to become the world’s industrial giant, we had to decide: would we settle for a country where most of the new railroads and factories were controlled by a few giant monopolies that kept prices high and wages low? Would we allow our citizens and even our children to work ungodly hours in conditions that were unsafe and unsanitary? Would we restrict education to the privileged few? Because some people thought massive inequality and exploitation was just the price of progress.
Theodore Roosevelt disagreed. He was the Republican son of a wealthy family. He praised what the titans of industry had done to create jobs and grow the economy. He believed then what we know is true today: that the free market is the greatest force for economic progress in human history. It’s led to a prosperity and standard of living unmatched by the rest of the world.
But Roosevelt also knew that the free market has never been a free license to take whatever you want from whoever you can. It only works when there are rules of the road to ensure that competition is fair, open, and honest. And so he busted up monopolies, forcing those companies to compete for customers with better services and better prices. And today, they still must.