Void Manufacturing

“Turning and turning in a cell, like a fly that doesn’t know where to die.”

Archive for the ‘The Bullshit Bailout’ Category

Zizek on the upcoming US election

Posted by voidmanufacturing on October 30, 2008

 

Through the Glasses Darkly

What if the between-the-lines Republican message (don’t be afraid, there will be no real change) is the true illusion?

By SLAVOJ ZIZEK

Today, even the strongest advocates of diminishing the excessive role of Washington accept the necessity of a state intervention that is sublime in its unimaginable quantity.

When the hero of John Carpenter’s 1988 They Live puts on a pair of weird sunglasses that he has stumbled upon in an abandoned church, he notices a billboard that once invited us to a Hawaii beach holiday now simply displays the words:

“MARRY AND REPRODUCE.” Ad copy on another billboard — this one for a new color TV — says, “DON’T THINK, CONSUME!”

The glasses, then, function as a device for the critique of ideology. In other words, they enable him to see the real message lying beneath the glossy, colorful surface.

What would we see if we were to observe the Republican presidential campaign through such glasses?The first thing would be a long series of contradictions and inconsistencies: Read the rest of this entry »

Posted in Brain, Buzzkill, Enemy, Spectacle, The Americans, The Bullshit Bailout | Leave a Comment »

Noam Chomsky on the economic meltdown

Posted by voidmanufacturing on October 11, 2008

 

Anti-democratic nature of US capitalism is being exposed

NOAM CHOMSKY

Fri, Oct 10, 2008

Bretton Woods was the system of global financial management set up at the end of the second World War to ensure the interests of capital did not smother wider social concerns in post-war democracies. It was hated by the US neoliberals – the very people who created the banking crisis writes Noam Chomsky

THE SIMULTANEOUS unfolding of the US presidential campaign and unravelling of the financial markets presents one of those occasions where the political and economic systems starkly reveal their nature.

Passion about the campaign may not be universally shared but almost everybody can feel the anxiety from the foreclosure of a million homes, and concerns about jobs, savings and healthcare at risk.

The initial Bush proposals to deal with the crisis so reeked of totalitarianism that they were quickly modified. Under intense lobbyist pressure, they were reshaped as “a clear win for the largest institutions in the system . . . a way of dumping assets without having to fail or close”, as described by James Rickards, who negotiated the federal bailout for the hedge fund Long Term Capital Management in 1998, reminding us that we are treading familiar turf. The immediate origins of the current meltdown lie in the collapse of the housing bubble supervised by Federal Reserve chairman Alan Greenspan, which sustained the struggling economy through the Bush years by debt-based consumer spending along with borrowing from abroad. But the roots are deeper. In part they lie in the triumph of financial liberalisation in the past 30 years – that is, freeing the markets as much as possible from government regulation. Read the rest of this entry »

Posted in Brain, Buzzkill, Insanity, Poverty, The Americans, The Bullshit Bailout | Leave a Comment »

Bailout=Bullshit

Posted by voidmanufacturing on September 24, 2008

The 700 Billion Dollar Question… THAT THESE ASSHOLES NEED TO FUCKING ANSWER 

THIS IS COMPLETE BULLSHIT!

Using the shock doctrine, Wall Street and Washington’s wrecking crew aim to get the most expensive free lunch in American history

By DAVID SIROTA

Treasury Secretary Henry Paulson details what he called “a comprehensive approach” to repairing financial markets on Friday, Sept. 19. (Hold on to your wallet.)

If a museum in the next superpower nation ever commemorates the decline of the last great superpower, it will make the two-and-a-half page bill introduced this week the center of the display.

Just as they do today at the National Archives’ Declaration of Independence exhibit, tourists in the future—perhaps in Beijing, perhaps somewhere else—will line up to see a framed draft of this week’s White House legislation demanding Congress surrender its power of the purse, and give an unelected appointee—in this case, Treasury Secretary Henry Paulson—the power to hand over $700 billion of taxpayer money to “any financial institution,” “without limitation…on such terms and conditions as determined by [him].” In a nation priding itself on separating powers between the branches of government, the bill explicitly states that decisions by Paulson may not even “be reviewed by any court of law or any administrative agency.” Read the rest of this entry »

Posted in Buzzkill, Enemy, The Americans, The Bullshit Bailout | Leave a Comment »

Breaking news: Rich Fat Cats Own The Government!

Posted by voidmanufacturing on September 24, 2008

 

It’s Capitalism, Stupid!

Tuesday, September 23 2008 @ 07:03 PM CDT

Contributed by: Oread Daily

Oh the poor, poor rich.

Resistance to the Wall Street bailout is beginning to increase.

Some are asking, why do the rich get corporate socialism while the rest of us are stuck with the dregs of capitalist system in decay? Why is no one talking about welfare Cadillacs now?

IT’S CAPITALISM STUPID! Read the rest of this entry »

Posted in Buzzkill, Evil, Poverty, The Americans, The Bullshit Bailout | 2 Comments »

Goldman Sachs Socialism

Posted by voidmanufacturing on September 23, 2008

      

by WILLIAM GREIDER

 

September 23, 2008

 

Wall Street put a gun to the head of the politicians and said, Give us the money–right now–or take the blame for whatever follows. The audacity of Treasury Secretary Henry Paulson’s bailout proposal is reflected in what it refuses to say: no explanations of how the bailout will work, no demands on the bankers in exchange for the public’s money. The Treasury’s opaque, three-page summary of plan includes this chilling statement: Read the rest of this entry »

Posted in Buzzkill, Hell, Insanity, Nightmare, The Americans, The Bullshit Bailout, The End | Leave a Comment »

Naomi Klein: Free market ideology is far from finished

Posted by voidmanufacturing on September 23, 2008

 

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Whatever the events of this week mean, nobody should believe the overblown claims that the market crisis signals the death of “free market” ideology. Free market ideology has always been a servant to the interests of capital, and its presence ebbs and flows depending on its usefulness to those interests.

During boom times, it’s profitable to preach laissez faire, because an absentee government allows speculative bubbles to inflate. When those bubbles burst, the ideology becomes a hindrance, and it goes dormant while big government rides to the rescue. But rest assured: the ideology will come roaring back when the bailouts are done. The massive debts the public is accumulating to bail out the speculators will then become part of a global budget crisis that will be the rationalization for deep cuts to social programs, and for a renewed push to privatize what is left of the public sector. We will also be told that our hopes for a green future are, sadly, too costly. Read the rest of this entry »

Posted in Buzzkill, Dystopia, Nightmare, The Americans, The Bullshit Bailout | Leave a Comment »