August 8, 2007 (LPAC)--Some Democratic leaders make terrible mistakes when confronted with the reality that the financial system is gone. Forclosures mount, bridges collapse, and banking institutions "too big to fail" like Bear Stearns are in trouble. Faced with such realities good people like Reps. Barney Frank (D-MA) and Keith Ellison (D-MN) today introduced a bill, H.R. 3401, to create a national infrastructure bank but its premise is based on what they consider to be realistic.

Good people make terrible mistakes because they say "let's be realistic." In effect, they kill themselves with realism. Since they are afraid to be associated with Lyndon LaRouche's Rooseveltian policies, which are the only ones which will work, they end up promoting the policies of the anti-Roosevelt Felix Rohatyn who helped bring the fascist Augusto Pinochet to power in Chile.

In this case the bill latches onto Wall Street financier and Democratic money-bag Felix Rohatyn's looting schemes for infrastructure. For example the bill argues "infrastructure financing mechanisms of the United States" are "not adequate" to address the needs of the country. Therefore, their bill asserts "a preference for projects which leverage private financing, including public-private partnerships...."

But the cruel reality is that there is no private money available for Rohatyn's so-called "infrastructure" program under the ongoing conditions of financial collapse. Only LaRouche's capital budget approach could possibly provide the trillions of dollars actually needed to rebuild the nation's infrastructure.

In March 2006 Rohatyn was asked directly whether he is for or against "Franklin Roosevelt's method" of large-scale public credits and spending for modern infrastructure, and LaRouche's capital budget. Rohatyn, the senile, old fascist bastard erupted: "No! We have a lot of new financing mechanisms since the days of the New Deal..."