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Saturday, August 6, 2011

postheadericon Shock doctrine and the debt limit

Washington's recently staged drama of dysfunction over the federal debt limit sadly distracted attention from real crises occurring outside the beltway. These include unemployment, housing foreclosures, torched 401k plans that have stalled earned retirements, and college graduates struggling to begin their careers with paying jobs. But there’s a more profound problem with this farce: This fabricated debt “crisis” was really nothing more than a veiled attempt to destroy the last vestiges of FDR’s New Deal utilizing “shock doctrine” to pacify resistance.

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