Friday, October 31, 2008

Bush's Final Pillage


Naomi Klein, whose book " The Shock Doctrine" I am reading currently [amazing, prophetic book!], writes about the government bailout and the departing republican administration. The money - provided by the taxpayer - is disappearing so fast we can only scratch our heads and wonder what happened, when Obama is the president next January. T

"When European colonialists realized that they had no choice but to hand over power to the indigenous citizens, they would often turn their attention to stripping the local treasury of its gold and grabbing valuable livestock. If they were really nasty, like the Portuguese in Mozambique in the mid-1970s, they poured concrete down the elevator shafts.

The Bush gang prefers bureaucratic instruments: "distressed asset" auctions and the "equity purchase program." But make no mistake: the goal is the same as it was for the defeated Portuguese -- a final frantic looting of the public wealth before they hand over the keys to the safe."

Bailout = Bush's Final Pillage

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