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Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine
Posted By admin On September 23, 2008 @ 3:49 am In Money Watch | Comments Disabled
George Washington’s Blog 
Tuesday, Sept 23, 2008
As we all know, the powers-that-be have used the “Shock Doctrine ” to pass anti-American, fascist legislation while the public was in a state of shock.
This applies to economic shocks , as well as physical attacks like 9/11.
But Senator Leahy and the New York Times are questioning Paulson’s use of the shock doctrine:
“The rescue is being sold as a must-have emergency measure by an administration with a controversial record when it comes to asking Congress for special authority in time of duress.”
(Article continues below)
Mr. Paulson has argued that the powers he seeks are necessary to chase away the wolf howling at the door: a potentially swift shredding of the American financial system. That would be catastrophic for everyone, he argues, not only banks, but also ordinary Americans who depend on their finances to buy homes and cars, and to pay for college.
Some are suspicious of Mr. Paulson’s characterizations, finding in his warnings and demands for extraordinary powers a parallel with the way the Bush administration gained authority for the war in Iraq. Then, the White House suggested that mushroom clouds could accompany Congress’s failure to act. This time, it is financial Armageddon supposedly on the doorstep.
“This is scare tactics to try to do something that’s in the private but not the public interest,” said Allan Meltzer, a former economic adviser to President Reagan, and an expert on monetary policy at the Carnegie Mellon Tepper School of Business. “It’s terrible.”
Does this signal a sea change in the elite’s approval of the use of the shock doctrine? Or is this just a temporary aberration or political posturing?
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URL to article: http://www.prisonplanet.com/senator-leahy-and-new-york-times-criticize-paulsons-shock-doctrine.html
URLs in this post:
 George Washington’s Blog : http://georgewashington2.blogspot.com/2008/09/senator-leahy-and-new-york-times.html
 Shock Doctrine: http://www.youtube.com/watch?v=kieyjfZDUIc
 economic shocks: http://rawstory.com/news/2008/Naomi_Klein_Financial_crisis_part_of_0921.html
 said: http://www.politico.com/news/stories/0908/13706.html
 wrote:: http://www.nytimes.com/2008/09/23/business/23skeptics.html?_r=1&hp&oref=slogin
 Is Obama Adopting the Shock Doctrine Playbook?: http://www.prisonplanet.com/is-obama-adopting-the-shock-doctrine-playbook.html
 Debt Crisis Being Used as Shock Doctrine to Steal More Money from the American People: http://www.prisonplanet.com/debt-crisis-being-used-as-shock-doctrine-to-steal-more-money-from-the-american-people-to-give-to-the-richest-1.html
 Senator to Force Vote on Bill Banning Fairness Doctrine: http://www.prisonplanet.com/senator-to-force-vote-on-bill-banning-fairness-doctrine.html
 Senator: New Media Makes it Difficult to Impose Fairness Doctrine: http://www.prisonplanet.com/senator-new-media-makes-it-difficult-to-impose-fairness-doctrine.html
 Even the New York Times Calls Paulson a Liar: http://www.prisonplanet.com/even-the-new-york-times-calls-paulson-a-liar.html
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