Category Archives: Marketwatch.com

>New Civil War erupts, led by super rich, GOP

>I was sent this article yesterday by a friend, it is very interesting and an eye opener for those that think trickle down Reaganomics actually works and is what’s best for America’s working class.The only people that have benefited from Reaganomics are the super rich and the gap between those that have and those that have not is growing increasingly larger every day. Before you know it, a new civil war will be fought in this country if economic conditions do not become more equitable for all.

This article appears online at Marketwatch.com:

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, “there’s class warfare, all right,” warns Warren Buffett. “But it’s my class, the rich class, that’s making war, and we’re winning.” Yes, the rich are making war against us. And yes, they are winning. Why? Because so many are fighting this new American Civil War between the rich and the rest.

Not just the 16 new GOP governors in Wisconsin, Michigan, Ohio, Florida, and across America fighting for new powers. Others include: Chamber of Commerce billionaires, Koch brothers, Forbes 400, Karl Rove’s American Crossroads, Grover Norquist’s Americans for Tax Reform — which now has 97% of House Republicans and 85% of the GOP Senators signed on his “no new taxes” pledge — the Tea Party and Reaganomics ideologues.

Wake up America. You are under attack. Stop kidding yourself. We are at war. In fact, we have been fighting this Civil War for a generation, since Ronald Reagan was elected in 1981. Recently Buffett renewed the battle cry: The “rich class” is winning this war. Except most Americans still don’t realize they’re losing, don’t see the prize at stake.

All this was predicted back in September 2008 by Naomi Klein, author of “Shock Doctrine: The Rise of Disaster Capitalism.” Yes, we were warned that the GOP’s Reaganomics ideology would stage a rapid comeback … warned before the market collapsed … before Wall Street was virtually bankrupt. … before Treasury Secretary Henry Paulson conned Congress into $787 billion in bailouts … warned before Obama’s 2008 election

Free-market Reaganomics roaring back, more powerful than before

Yes, back in the heat of battle, in September 2008, Klein warned America: “Whatever the events of this week mean, nobody should believe the overblown claims that the market crisis signals the death of ‘free market’ ideology.” Then the meltdown went nuclear.

Klein warned: “Free market ideology has always been a servant to the interests of capital, and its presence ebbs and flows depending on its usefulness to those interests. During boom times, it’s profitable to preach laissez faire, because an absentee government allows speculative bubbles to inflate.”

But “when those bubbles burst, the ideology becomes a hindrance, and it goes dormant while big government rides to the rescue.” Remember: A week later Paulson was on his knee, begging House Speaker Nancy Pelosi for that $787 billion bailout, to save our incompetent Wall Street banks that caused the meltdown from certain bankruptcy.

“But rest assured,” continued Klein in September 2008, Reaganomics “ideology will come roaring back when the bailouts are done. The massive debts the public is accumulating to bail out the speculators will then become part of a global budget crisis that will be the rationalization for deep cuts to social programs, and for a renewed push to privatize.”

And yes, America, this war strategy is happening thanks to General Buffett, the new GOP Congress and 16 aggressive anti-democracy GOP governors.

GOP using ‘shock doctrine’ to gain new anti-democracy powers

The GOP is anti-democracy: With the GOP, “this whole democracy thing” is “very inefficient,” warned Klein. Republican governors are using “a fiscal crisis as a pretext to do stuff they otherwise want to do … Republicans in Michigan want to be able to unilaterally abolish your town. And how do you know when you’re in a financial emergency? Because the governor tells you … or a company he hires.”

Yes the GOP, the party of big business and billionaires, secretly hates democracy, it’s too inefficient for the rich class.

In the interview, Klein reiterated: The GOP governors’ strategy is a clear example of “disaster capitalism,” the Reaganomics war strategy that has dominated, obsessed and driven the GOP for a generation. Klein warns, “these guys have been at this for 30 years,” it is “an ideological movement … they believe in a whole bunch of stuff that’s not very popular,” like “privatizing the local water system, busting unions, privatizing entire towns. If they said all this in an election they’d lose.”

And that’s why crises are so crucial to the GOP war strategies to take over America: Crises “are very, very handy, because you can say we have no choice. … the sky is falling in.” Then the GOP governors “can consolidate power. We remember this from the Bush administration. They did this at the federal level. After 9/11, they said, we have a crisis, and we have to essentially rule by fiat.”

But the truth, warns Klein, is that the GOP “really doesn’t believe in the governments that they are running … this is a really old story.” The greed of their billionaire backers is insatiable. They do not like democracy. And the actions of the new GOP governors is proof that what they really want are dictatorial powers to privatize government and get personally richer.

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