I think it’s absolutely idiotic for White House chief of staff Rahm Emanuel to float the idea of massive social spending cuts right now.
Rahm would never float this idea if it weren’t Obama’s. Obama has a Reaganesque talent for evading responsibility for his actions, but there cannot be any doubt that Rahm is acting on Obama’s behalf. Obama is classic University of Chicago disaster capitalism. The olagarchs have created a catastrophe and are in the process of using that catastrophe to increase their personal power and wealth.