Tuesday, June 16, 2009

Barack Obama: The Naked Emperor

Obamas Shock Doctrine

Posted By David Boaz On February 12, 2009

At the Guardian, I argue that President Obama and Rahm Emanuel are carrying out just what Naomi Klein predicted [1] in The Shock Doctrine. Except that, as usual, its not deregulation and budget cutting that governments turn to in times of crisis. Its more money and more power:

Nation columnist Naomi Klein explores a key argument from her new book, The Shock Doctrine: The Rise of Disaster Capitalism: After 9/11 the Bush=obama Administration launched a new economy

http://www.youtube.com/watch?v=JG9CM_J00bw

Last year the US economy was hit with one shock after another: the Bear Stearns bail-out, the Indymac collapse, the implosion of Fannie Mae and Freddie Mac, the AIG nationalisation, the biggest stock market drop ever, the $700bn Wall Street bail-out and more — all accompanied by a steady drumbeat of apocalyptic language from political leaders.

And what happened? Did the Republican administration summon up the spirit of Milton Friedman and cut government spending? Did it deregulate and privatise? No.

It did what governments actually do in a crisis — it seized new powers over the economy. It dramatically expanded the regulatory powers of the Federal Reserve and injected a trillion dollars of inflationary credit into the banking system. It partially nationalised the biggest banks. It appropriated $700bn with which to intervene in the economy. It made General Motors and Chrysler wards of the federal government. It wrote a bail-out bill giving the secretary of the treasury extraordinary powers that could not be reviewed by courts or other government agencies

Now the Obama administration is continuing this drive toward centralisation and government domination of the economy. And its key players are explicitly referring to their own version of the shock doctrine. Rahm Emanuel,http://www.sourcewatch.org/Rahm_Emanuel the White House chief of staff, said the economic crisis facing the country is an opportunity for us. After all, he said: You never want a serious crisis to go to waste [2]. And this crisis provides the opportunity for us to do things that you could not do before such as taking control of the financial, energy, information and healthcare industries.

Occasionally, around the world, there have been instances where a crisis led to free-market reforms, such as the economic reforms in Britain and New Zealand in response to deteriorating economic conditions. Generally, though, governments seek to expand their power, and they take advantage of crises to do so. But they rarely spell their intentions out as clearly as Rahm Emanuel did.

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blog/down-the-rabbit-hole-of-the-pentagon-graphics-machine/

2] You never want a serious crisis to go to waste:

http://www.youtube.com/watch?v=_mzcbXi1Tkk

http://www.cato-at-liberty.org/obamas-shock-doctrine-2/:

[1] President Obama and Rahm Emanuel Naomi Klein predicted: http://www.guardian.co.uk/obama-klein-shock-doctrine

http://bravenewfilms.org/blog/

http://www.naomiklein.org/shock-doctrine

http://www.thenation.com/directory/bios/naomi_klein

http://www.naomiklein.org/main

http://www.federaljack.com/red-pill-films/on-demand/

http://www.davidicke.com/

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http://www.cpexposed.com/

http://www.youtube.com/davidicke

http://www.wholetruthcoalition.org/


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