Wednesday, March 09, 2011

Crisis Management



At first glance this sounds like nothing more than a half-baked conspiracy theory -- until you actually read through the legislation itself and see just how much power it puts in the hands of one person and one party. I wish there weren't precedent for this sort of opportunistic power-grab, but unfortunately there's quite a bit of it.

(h/t Alert Reader Riles)

6 comments:

Mart said...

"The Shock Doctrine" is a hard read, but it is chock full of how the big boys create a crisis, then exploit it.

My take is they created this crisis by lowering taxes to their lowest level since 1950. Banks, virtually without regulatory oversight or honest ratings agencies, suddenly had new products to sell to investors. (Clinton signed a bill removing bank restrictions put into place during the great depression.) The AAA Rated mortgage backed securities had a better rate of return than anything else on the market. It was prudent for state pension funds etc. to invest heavily in this AAA rated toxic shit. They also ratcheted up the military industrial complex and fought two wars without putting the costs into the ledger.

So when the shit hits the fan taxpayers bail out the bank crooks (none go to jail) to the tune of 23 trillion. No bailout of the blown-up state investments - they take all the losses.

Now in full blown "crisis" what do the big boys do? Create a movement to convince people that high taxes and high non-defense spending is the problem. Then get a bunch of seriously evil bastards elected. Now the gloves are off. The proposals are similar across the board, more tax cuts, destroy public education, destroy all unions, destroy health care, privatize anything - and no-bid contracts are just fine.

Alright I'm done, but I never have seen anything like it here in the good 'ol USA.

Anonymous said...

There is nothing wrong with States having the authority to review/audit the operations of their towns and cities and school districts. It's a very, very good thing, as the poor smucks living in Bell, California now know.

Chez said...

Review is one thing, and your example proves why. The ability to replace and privatize at will, though, is a hell of a lot of power consolidated in one office.

Le Penseur said...

One begins to see why the Founding Fathers were so big on that checks and balances thing.

Riles said...

What the Michigan Governor is trying to push through, and what that could result in, is insanity. It should be getting much more attention. It's just too obvious now what the Right is trying to do, but I suppose one could say that the voters got what they voted for.

Gnaius said...

And this is why I stopped watching Rachel Maddow (that and I don't have cable)... I have a tendency to be Mr. Brightside - to believe that people who label themselves as modern, Tea-Party Republicans are not truly evil (maybe just misguided). And I mean evil in the sense of going against what I believe to be fundamental, core American values: one voice, one vote; a level-playing field so that people have the opportunity to get ahead, respecting the voice of the minority. But this? This is just evil. At least with John Stewart, you get the cathartic nature of laughter. This just feels me with hopelessness and despondency. They are setting up the future to basically eliminate any chance that things will change and better people can get the chance to hold office...

And Riles, this is what I was so annoyed with liberals who bashed Obama and Democrats to the point that they decided to sit out the 2010 elections. THIS is the nature of the other side. And while I would prefer Obama to be more forceful, I realize the crazy that the Right brings to the table will only make things much worse.