$700,000,000,000 Bailout for the Rich

Let's see. That looks like 11 reasons to vote for 0bama to me.

Naomi Klein:

The disaster is far from over. They’ve actually just relocated. The disaster was on Wall Street and they have moved the disaster to Main Street by accepting those debts and you said they didn't have to bomb, the bomb has yet to detonate. The bomb is the debt that has now been transferred to the taxpayers so it detonates when, if John McCain becomes president in the midst of an economic crisis and says look we're in trouble, we have a disaster on our hands, we have to privatize social security, we can't afford health care, we can't afford food stamps, we need more deregulation, more privatization. The thesis of the Shock Doctrine is you need a disaster to rationalize these very unpopular policies so the real disaster has yet to come. The real disaster is the debt that is going to explode on the American taxpayers. And then they do economic shock therapy.

Welcome to economic austerity plans, tested and perfected in the third world for our use here.

- Thanks, Crooks and Liars | Naomi Klein saves the day on Real Time: Andrew Sullivan has no clue
- Amazon.com | The Shock Doctrine: The Rise of Disaster Capitalism