The Shock Doctrine

-The Shock Doctrine
by Noami Klein

Though Naomi Klein is on the left her thesis touches the Truth. That special interests will use these crises to push through drastic changes which will usurp our People power, transfer wealth to themselves from our pockets and leave the nation weaker all the time.

As we are watching, the Dems are the culprits of the policy, the Repubs are the culprits of the governing regulating agencies, and the greedy will walk. But things will be changed. And that is the goal for all these ruling elite groups. They sneak through the fine print which alters our lives for decades and robs us for generations with each Shock to the System. By the time we get the information we will be trying to change what no longer exists. This is the power shell game they play with us. The Shock Doctrine tells the story

Read enough of this to understand that both parties are going to use this crisis for their own goals, while escaping responsibility.

Only John McCain and Sarah Palin will give us some hope of systemic reform to clean out all this corruption.


http://www.naomiklein.org/main
http://www.naomiklein.org/shock-doctrine

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Let's Keep People In their Homes

- as PUMA Pac put it... Senator Obama, in an unsurprising show of non-existent leadership, has already signaled that he will NOT push for legislation that may ease the burden and anxiety on working and middle class Americans.


By HILLARY RODHAM CLINTON

There is a broad consensus that Congress must act to stave off deeper turmoil on Wall Street. Irrespective of the final agreement yet to be reached, there are several principles that must be part of a broader reform effort that begins this week and continues in the coming months.

This is not just a financial crisis; it's an economic crisis. Therefore, the solutions we pursue cannot simply stabilize the markets. We must also deal with the interconnected economic challenges that set the stage for this crisis -- and reverse the failed policies that allowed a potential crisis to become a real one.

First, we must address the skyrocketing rates of mortgage defaults and foreclosures that have buffeted the economy and ignited the credit crisis. Two million homeowners carry mortgages worth more than their homes. They hold $3 trillion in mortgage debt. Nearly three million adjustable-rate mortgages are scheduled for a rate increase in the next two years. Another wave of foreclosures looms.

I've proposed a new Home Owners' Loan Corporation (HOLC), to launch a national effort to help homeowners refinance their mortgages. The original HOLC, launched in 1933, bought mortgages from failed banks and modified the terms so families could make affordable payments while keeping their homes. The original HOLC returned a profit to the Treasury and saved one million homes. We can save roughly three times that many today. We should also put in place a temporary moratorium on foreclosures and freeze rate hikes in adjustable-rate mortgages. We've got to stem the tide of failing mortgages and give the markets time to recover.

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