Shock doctrine in action
The improvisational nature of their effort has turned President Bush and Congressional Democrats into virtual bystanders, sometimes uncertain about what comes next and left to wonder about the new power dynamics in the capital. Seemingly every time lawmakers tried to get a handle on what was happening and what role they might play with elections around the corner, Mr. Paulson and Mr. Bernanke would show up again on Capitol Hill for another evening meeting with another surprise development.
"Seemingly"? Really. Does anyone believe this is a coincidence?
I don't. As in any crime, the question to ask is cui bono... And it's not me or anyone I know.
This is how shock doctrine policies get imposed: A constant series of crises, driven by financial actors, that keeps all the other players off balance, and that ends in what finance wants, finance gets. As in $800 billion to play with, no social programs, unfettered power, and so on and so forth.
UPDATE Via Crooks & Liars:
"They let things go to shit so they and their friends can come in and make money on it."