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Monday, September 22, 2008

You must read this
Posted by Jill | 10:51 PM
If you missed Naomi Klein on Real Time with Bill Maher last weekend and you don't have time to watch it chopped into segments on YouTube, go read this.

A snippet:

The best summary of how the right plans to use the economic crisis to push through their policy wish list comes from Former Republican House Speaker Newt Gingrich. On Sunday, Gingrich laid out 18 policy prescriptions for Congress to take in order to "return to a Reagan-Thatcher policy of economic growth through fundamental reforms." In the midst of this economic crisis, he is actually demanding the repeal of the Sarbanes-Oxley Act, which would lead to further deregulation of the financial industry. Gingrich is also calling for reforming the education system to allow "competition" (a.k.a. vouchers), strengthening border enforcement, cutting corporate taxes and his signature move: allowing offshore drilling.


It would be a grave mistake to underestimate the right's ability to use this crisis -- created by deregulation and privatization -- to demand more of the same. Don't forget that Newt Gingrich's 527 organization, American Solutions for Winning the Future, is still riding the wave of success from its offshore drilling campaign, "Drill Here, Drill Now!" Just four months ago, offshore drilling was not even on the political radar and now the U.S. House of Representatives has passed supportive legislation. Gingrich is holding an event this Saturday, September 27 that will be broadcast on satellite television to shore up public support for these controversial policies.


What Gingrich's wish list tells us is that the dumping of private debt into the public coffers is only stage one of the current shock. The second comes when the debt crisis currently being created by this bailout becomes the excuse to privatize social security, lower corporate taxes and cut spending on the poor. A President McCain would embrace these policies willingly. A President Obama would come under huge pressure from the think tanks and the corporate media to abandon his campaign promises and embrace austerity and "free-market stimulus."


Bill Moyers may think Kevin Phillips is ahead of the curve, but I don't think there's been a more important book written in the last decade than The Shock Doctrine.
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1 Comments:
Blogger Toby said...
You're right! I've been rereading it this weekend while trying to get my head wrapped around what has been happening. Someday I hope to understand enough to write about the issues as well... I'm self taught - and my head hurts often. *sigh*
9/22/08, 11:20 PM  
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