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Turning a Wall Street Giveaway Into a Rescue for All Americans -- In These Times

Turning a Wall Street Giveaway Into a Rescue for All Americans -- In These Times
[Editor’s note: The following article provides a summary of the complex issues involved in negotiations over how to respond to the credit market crisis. For the sake of simplicity and navigability, it is broken into five separate parts, which you can scroll to individually: 1) The State of Play 2) Leadership Moves 3) Alternatives 4) Likely Outcomes and 5) The Progressive Bottom Line.]

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http://www.informationclearinghouse.info/article17902.htm

As implausible as this might sound to people who trust the government, be aware that despite his rhetoric, Bush has no respect for democracy. His neoconservative advisors have all been taught that it is their duty to circumvent democracy, as democracy does not produce the right decisions. Neoconservatives believe in rule by elites, and they regard themselves as the elite. The Bush regime decided that Americans would not agree to an invasion of Iraq unless they were deceived and tricked into it, and so we were. Indeed, democracy is out of favor throughout the Western world. In the UK and Europe, peoples are being forced, despite their expressed opposition, into an EU identity that they reject. British PM Tony Blair and his European counterparts have decided on their own that the people do not know best and that the people will be ignored. As former French PM Valery Giscard d’Estaing told the French newspaper, Le Monde, “Public opinion will be led to adopt, without knowing it, the propos...