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Reply #13: It is a capital strike/lockout. [View All]

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followthemoney Donating Member (745 posts) Send PM | Profile | Ignore Mon Aug-10-09 11:52 AM
Response to Original message
13. It is a capital strike/lockout.
Edited on Mon Aug-10-09 11:55 AM by followthemoney
The Federal Reserve is independent of the U.S. economy. It is not accountable to the government on monetary policy and its interests are more in line with the top one per cent earners. What is being done is a lockout on a nationwide basis rather than on the basis of a single corporation.

In a democracy the people would have recourse to a national strike but in the tightly bound corporate/state alliance the ruling minority will use violence against the aggrieved majority.

In Bush's first term there was a lockout of west coast ports:

"In seeking to suspend the shutdown for 80 days, Mr. Bush became the first president to successfully invoke the Taft-Hartley Act emergency provisions since President Richard M. Nixon sought to stop a longshoremen's strike in 1971." ... "Mr. Bush said he was worried about the movement of military supplies. The Pentagon often uses commercial shipping lines to send supplies and equipment overseas, and those lines would undoubtedly fill that role from the busy West Coast ports if fighting erupted in Iraq or elsewhere in the Middle East."

http://www.nytimes.com/2002/10/09/politics/09PORT.html?ex=1034827200&en=a79823512e5f26bb&ei=5006&partner=ALTAVISTA1

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