False Memes:
I wish we could lay to rest the false meme that we would have defaulted if there was no ‘deal’. We were ‘Shock Doctrined’ (read Naomi Klein’s Book or http://www.naomiklein.org/shock-doctrine). If there had never been a manufactured crisis it wouldn’t have been as easy to ram through these policies that screw people relying on the social safety net. We didn’t have a DEBT crisis, but we do have a JOBS crisis, and too many people allowed themselves to buy into the lies. Good luck to all of us on the consequences.
2 news items that bear this out:
“The bond market saw through the debate and saw that it would have to be resolved,”
(A BLIND man could see through the debate)
From:
Investors Made a Fortune Betting on Treasuries (bonds):
And:
“Debt deal won’t fix job market”
From:
Stocks plunge, S&P goes negative for year:
http://money.cnn.com/2011/08/02/markets/markets_newyork/index.htm?hpt=hp_t1
Republicans, during the 2010 mid-term elections, ran & won on the jobs issue, promising to bring jobs. That, obviously, hasn’t panned out. Instead we have a Friedmanite, neo-liberal policy agenda, (privatization, deregulation & free trade policies and cuts to government spending) unabashedly endorsed by Republicans and virtually unopposed by Democrats, that includes, among other things, tax cuts for the obscenely wealthy and corporations, being implemented and that I think will negatively affect jobs in a downward push that may become evident by the 2nd to 3rd quarter 2012, if not sooner. It really depends on how long it takes for policy to get through the pipeline to affect consumers & workers. It’s time, actually, past time, for Americans to wake up and realize what is going on. It has happened in other countries, in fact too many countries and now, the Shock Doctrine comes home. I still must ask, Mr. Speaker, WHERE ARE THE JOBS!!!!
