Posts Tagged 'shock doctrine'

Will Krugman ever tell his readers that the US has a fiat currency?


Well, maybe if you had broken sharply from the conservative frame, millions of Americans would have risen up and said, “No! We do not have to make ‘tough choices’. America cannot go broke. The US government can always AFFORD to make good on its promises to the elderly, disabled, poor, etc. and also pay bondholders. It is the ISSUER of a non-convertible fiat currency, not the USER of a stateless currency like Greece, Italy, etc.” You never explained any of this honestly. You hedged and gave ground, saying things like, “Well, yes, the deficit is going to be a problem in the medium or long run, but we should focus on employment right now.” Don’t you see what a losing argument that is?

It’s like saying, “I know we need to go on a diet, but first we need to go out an buy a bigger pair of pants.”

No wonder progressives are losing! You’re allowing the GOP to frame the debate instead of re-framing it for a progressive audience.

You, Dean Baker, Robert Reich, Larry Mishel, etc. should have spoken honestly about the debt, deficit, Social Security, etc. from the beginning.

Progressives should follow Jamie Galbraith, Warren Mosler, Bill Mitchell, Yeves Smith, and everyone at They are the last progressives standing.

R-E-S-P-E-C-T, don’t know what it means to me

The Root

D.C.’s outgoing mayor and his schools chancellor used education reform as something to do to black people instead of with black people. Reform advocates around the country should be taking notes. This is a local story with national implications.

What did you expect when you elected a disaster capitalism President?

Vote for University of Chicago disaster capitalism, get University of Chicago disaster capitalism.

A humanitarian and public safety disaster

Loose Lips

First WEAVE, now House of Ruth: Another nonprofit serving victims of domestic violence is in financial straits, thanks to a reduction in District government support. Writes Susan Kinzie in WaPo: ‘Christel Nichols, president of the House of Ruth, said she received an e-mail Monday alerting her that the agency would not get nearly half a million dollars in anticipated funding from the Community Partnership for the Prevention of Homelessness, which lost money when the city’s Department of Human Services budget was reduced….Nichols said she will ask donors to fill the sudden funding gap, but she is not confident they will be able to close it in this economy. The agency might opt to scale back programs at one of its 13 sites in the city.’ Says Nichols: ‘This is the absolute worst. Even in the darkest days with the control board and the city [budget] being a disaster, we never faced anything to this degree.’

This immediate result will be more of these women will be killed by their husbands or boyfriends. The long term result is that the pattern of violence is far more likely to be handed down another generation. This may be the worst thing Fenty has done.

Shock Doctrine in progress in the nation’s capitol

Possible Emergency Declaration for D.C. Schools?

D.C. Mayor Adrian Fenty and Schools Chancellor Michelle Rhee could try to declare the city’s school system a federal “state of emergency,” according to the Washington Post. Congress would have to pass the legislation.

What is the emergency, other than City Council won’t go along with Fenty’s farce?

Edit –
These two need to be stopped.

Blogging the bail out

Compendium of Corrente Wire’s efforts to stop the hold up.

Roll of Shame

The following special interests are asking Congress to bail out their cronies with your money:

Air Conditioning Contractors of America
The Aluminum Association
American Apparel & Footwear Association
American Bankers Association
American Boiler Manufacturers Association
American Business Conference
American Chemistry Council
American Concrete Pressure Pipe Association
American Financial Services Association
American Forest & Paper Association
American Hotel & Lodging Association
American Meat Institute
American Rental Association
American Trucking Associations
Associated Builders and Contractors, Inc.
Associated Equipment Distributors
Associated General Contractors of America
Association of Equipment Manufacturers
Association of International Automobile Manufacturers
Business Roundtable
Chamber of Commerce of the U.S.
Consumer Bankers Association
Consumer Mortgage Coalition
Edison Electric Institute
Equipment Leasing and Finance Association
Financial Services Forum
The Financial Services Roundtable
Food Marketing Institute
Housing Policy Council
Independent Community Bankers of America
Independent Electrical Contractors, Inc.
Independent Petroleum Association of America
International Dairy Foods Association
International Franchise Association
Minority Business RoundTable
Mortgage Bankers Association
National Association of Chain Drug Stores
National Association of Electrical Distributors
National Association of Homebuilders
National Association of Manufacturers
National Association of Plumbing, Heating, and Cooling Contractors
National Association of Real Estate Investment Managers
National Association of Realtors
National Association of Wholesaler-Distributors
National Electrical Contractors Association
National Federation of Independent Business
National Restaurant Association
National Roofing Contractors Association
National Rural Electric Cooperative Association
NPES-The Association for Suppliers of Printing, Publishing and Converting Technologies
Printing Industries of America
The Real Estate Roundtable
Reinsurance Association of America
Retail Industry Leaders Association
Securities Industry and Financial Markets Association
Software & Information Industry Association

*Groups in bold have sent up letters on the new plan.

2. Air Conditioning Contractors of America
3. Air Transport Association of America
4. Alliance of Automobile Manufacturers
5. Aluminum Association
6. American Apparel and Footwear Association
7. American Bankers Association
8. American Boiler Manufacturers Association
9. American Business Conference
10. American Chemistry Council
11. American Concrete Pressure Pipe Association
12. American Council of Life Insurers
13. American Electronics Association
14. American Financial Services Association
15. American Forest & Paper Association
16. American Hotel & Lodging Association
17. American Land Title Association
18. American Meat Institute
19. American Rental Association
20. American Trucker Association
21. Americans for Prosperity
22. Associated Builders and Contractors
23. Associated Equipment Distributors
24. Associated General Contractors
25. Association for Manufacturing Technology
26. Association of Equipment Manufacturers
27. Association of International Automobile Manufacturers
28. Business Roundtable
29. Consumer Bankers Association
30. Consumer Mortgage Association
31. Duke Energy
32. Edison Electric Institute
33. Equipment Leasing and Finance Association
34. Financial Services Forum
35. Financial Services Roundtable
36. Food Marketing Institute
37. Heritage Foundation
38. Housing Policy Council
39. Independent Community Bankers of America
40. Independent Electrical Contractors
41. Independent Petroleum Association of America
42. International Dairy Foods Association
43. International Franchise Association
44. International Paper
45. Investment Company Institute
46. Minority Business Roundtable
47. Mortgage Bankers Association
49. National Association of Counties
50. National Association of Chain Drug Stores
51. National Association of Electrical Distributors
52. National Association of Federal Credit Unions
53. National Association of Home Builders
54. National Association of Manufacturers
55. National Association of Plumbing, Heating and Cooling Contractors
56. National Association of Real Estate Investment Managers
57. National Association of Realtors
58. National Association of Wholesaler-Distributors
59. National Automobile Dealers Association
60. National Electrical Contractors Association
61. National Federation of Independent Business
62. National Lumber and Building Materials Dealers Association
63. National Retail Federation
64. National Restaurant Association
65. National Roofing Contractors Association
66. National Rural Electric Cooperative Association
67. NPES – The Association of Suppliers of Printing, Publishing and Converting Technologies
68. Moran Industries
69. Printing Industries of America
70. Real Estate Roundtable
71. Reinsurance Association of America
72. Retail Industry Leaders Association
73. Securities Industry & Financial Markets Association
74. Software & Information Industry Association
75. US Chamber of Commerce