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Austerity Plan... Neoliberalism on steoroids

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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:23 PM
Original message
Austerity Plan... Neoliberalism on steoroids
Edited on Mon Jan-25-10 08:24 PM by nadinbrzezinski
Doncha love the smell of neo liberal policies in the morning?

Now that I got your attention....

This is exactly what was done in oh every other country where the IMF was involved. I am amused. I saw all the screams about the Disaster Capitalism coming to Haiti, which has been short circuited, and NADA about this NOW.

Next comes another beauty... we call them Monetary Controls.

As I posted today, the paradigm has changed.

Enjoy...

Me, seen this movie before... lived through it... need to see how to survive the coming ten years.

Oh and dime on the dollar this is being required by those who hold our debt...
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:32 PM
Response to Original message
1. I guess this is way too strange for most of you
Well, you shall learn too.

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Lilith Velkor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:18 PM
Response to Reply #1
11. A bit too cryptic, perhaps
I can barely parse it, but the gist seems to be that we are about to have done to us what the IMF has been doing to other countries for decades. Am I close?
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 11:43 PM
Response to Reply #1
19. yes, everyone here is fucking stupid but you.
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 08:28 AM
Response to Reply #1
27. maybe you could actually learn to write coherently.
that might help. Your posts are almost always a fucking mess of half complete thoughts.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:34 PM
Response to Original message
2. Same as I was thinking
The IMF wouldnt say it in public considering the US dollar is the reserve currency for the world.

I am definitely not happy over the cowardice of our government this represents.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:38 PM
Response to Reply #2
4. Don't think IMF, think China
but same model, same result
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:35 PM
Response to Original message
3. Explain more...
... I'm not sure I understand what you are talking about. Spending freeze?
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:40 PM
Response to Reply #3
5. Every government program, beyond crticial, read DHS
and Defense are going to bet frozen... this means all federal employees, for example, will face pay freezes.

Usually things like this, tried by Hoover too, as well as FDR, deepen the economic crisis.

Somebody put the pressure since our deficit is that high. This is what is done in economies like the basket case that was Mexico. You think the economy is bad... it is going to look like golden in a year.

Oh and for those who think Obama will get a second term... you kid me right?
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:49 PM
Response to Reply #5
6. Well one thing is for sure.....
.... I was elated when Obama won, but at the same time I knew that he faced some incredible challenges left for him by his predecessors.

I was hoping he would kick ass and take names, but to my astonishment he paid off the bankers and basically made mostly wrong moves.

Well, the midterms are going to be a disaster and it would take a literal miracle for Obama to get another term. You get 4 years to fix whatever you inherited else you are out. Obama would have to make a drastic U turn, and it's just not in him. In fact, I'm not sure there is anything he could do now to salvage the situation.

Obama has painted himself into a corner. By spending trillions trying to do the impossible (reinflate the housing bubble), he now has no wiggle room cash wise.

We live in interesting times, more interesting than most people get as yet.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 08:52 PM
Response to Reply #6
7. There is what I like to call a ruling elite, a political elite
as to interesting times, I wonder if we are near what Zappa called the removing of the curtain and the appearance of the wall, cold, hard, brick wall.

I knew this guy was a centrist... but in this case, I am sure his hand is being forced by the bankers that hold our debt, read China.

This is effectively the end of the US empire. Things will get interesting for other reasons, as empires in decline are like crowded animals, ready to snap...
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 11:42 PM
Response to Reply #7
18. a ruling elite? my, my, do tell, how shocking & unheard of. & you coined that phrase yourself, did
you?
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 11:41 PM
Response to Reply #5
16. 85% of gdp v. japan's 160% = "so high". & 20% of ours is owed to the american
people as social security trust funds.

who is this "putting pressure"?

it's not china. we only owe them about $700 billion.

that's about 6 years of bush tax cuts to the top 1%. That's one years' social security payout.

it's those banksters you were pleading for everyone to bail out last year - that's where the pressure comes from.
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 07:01 AM
Response to Reply #16
25. I wasn't pleading..
... for any such thing. I wanted them to be dissolved in an orderly fashion, what is SUPPOSED to happen when a company fails.

You clearly have me confused with someone else.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:07 PM
Response to Original message
8. kick
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varelse Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:10 PM
Response to Original message
9. I agree with you on both the irony and the likely backers of this policy
bad medicine, and we who have forced it on others for years will now take our turn choking it down :(
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:16 PM
Response to Reply #9
10. Well it marks the end of the US Empire officially
and the next ten years will be interesting. All those people who are asleep at the wheel well may just wake up...

This has the potential of unleashing political and social forces that are already there, ready to go.
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Juche Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:23 PM
Response to Original message
12. Didn't attempts to do that in Latin america empower the left?
I thought attempts by the corporate class and international banks drove the voters in Latin America to move to the left. There are now banks being set up like ALBA designed to be a counterbalance to the IMF as well as numerous politicians elected from various left wing groups who either took over or came close.

So what is to stop the US from doing the same thing? It seems in the US we are becoming more extreme. The right is becoming more apologetic for plutocracy, but the left is becoming more and more angry at plutocracy too.

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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:24 PM
Response to Reply #12
13. yes and no
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Juche Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 11:34 PM
Response to Reply #13
15. What do you mean
http://www.youtube.com/watch?v=CG_xRZW32X0&NR=1

Klein herself says that after the shock wears off, people revolt.


I think we are in the beginning stages of revolt in the US in between health care, the financial system and the lack of jobs.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 12:23 AM
Response to Reply #15
20. We are on the edge of a revolt, but Klein knows very well
that they did not revolt, not everywhere

Mexico elected a pretty right wing, neo liberal government in the PAN after ending the neo liberal techocratic PRI...

In Argentina something similar happened. Chile was mid of the road.

Now Venezuela and Bolivia were clear examples of this.

Now there WILL be a revolt in this country, people are realizing dem\ republican, who the fuck cares? All DLC present here notwithstanding.

So I would not be on the direction of the revolt

Here you go on a deeper analysis of this by the way, and what has happened.

http://www.democraticunderground.com/discuss/duboard.ph...

We are in a declining Empire, another thing that other countries did not have to deal with. Now Rome did, so did the UK and the French, as well as the USSR. Now last time I checked the Russian Federation has not really gone "left" either, or for that matter Poland...
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JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:25 PM
Response to Original message
14. If we could just stop the pointless wars, I think we'd be fine.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 12:25 AM
Response to Reply #14
22. That is comming, we cannot afford them mostly
I think the retreat from the war on drugs in Colombia is just the beginning of that.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Mon Jan-25-10 11:42 PM
Response to Original message
17. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 12:24 AM
Response to Reply #17
21. Most Americans... Argentina, what is that?
Mexico? You kid me?

Most Americans are in for a hell of a wake up call

Oh and welcome to DU

:hi:
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laughingliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 12:53 AM
Response to Reply #17
23. Argentina 90's. My thoughts have been running that way, yes.nt
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Vidar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 02:13 AM
Response to Original message
24. K&R.
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 08:25 AM
Response to Original message
26. Bah, it's just naked capitalism.

They got no room for playing any more so off comes the velvet glove. The iron fist was there all along.
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Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 08:46 AM
Response to Original message
28. We are SOOOO screwed!
:scared:
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