Read This

6 Aug

Shock Doctrine and the Debt Limit.

Via naked capitalism.

Not sure why I didn’t think of this fiasco as shock doctrine before, but it makes sense. I will say that I’m not quite sure it worked, given the fact that the stock market, um, tanked when the deal finally went through. Maybe investors are finally figuring out that you can’t have a vibrant economy without a vibrant middle class? I’m not holding my fucking breath.

 

 

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17 Responses to “Read This”

  1. M. Bouffant 08.06.2011 at 20:31 #

    I will say that I’m not quite sure it worked

    No one said they were geniuses.

  2. B^4 08.06.2011 at 22:22 #

    No one said they were geniuses.

    Yeah, but some of them might think that, even if they hurt themselves, they’ll be in a stronger position once the damn unions and middle class are finally destroyed. It’s like they’re tackling their opponent off a cliff, trusting that, by landing on top, they’ll be fucked up, but the poor bastard they land on will be crushed into paste.

    Evil, as well as stupid. Of course, the more clever among them have made bets against the U.S. economy.

  3. Kristjan Wager 08.07.2011 at 05:49 #

    Hadn’t thought of applying the shock doctrine to that whole fuckup, but it does make sense.

  4. ifthethunderdontgetya 08.07.2011 at 07:52 #

    I’ve been saying that!

    Not to mention, that our media has joined together in assuring us all that we need a “Grand Bargain” and “austerity” in order to manufacture consent.

    Consent to cutting Medicare and Social Security to pay for the tax cuts, wars, and bailouts.
    ~

  5. ifthethunderdontgetya 08.07.2011 at 08:24 #

    Also.
    ~

  6. truculentandunreliable 08.08.2011 at 13:27 #

    ITTDGY–I know you did! I even though that you might say that–I probably should’ve linked to your post, too. I just never connected that and the term “shock doctrine.”

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