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eXile TV / January 6, 2011

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Exiled Online editor Mark Ames delivers an address to the nation on MSNBC’s The Dylan Ratigan Show. The subject: A quick history lesson on why “austerity” is the worst, most insane idea imaginable to solve America’s economic woes–and how John Q. Galt III is going to force-feed every one of us a lethal dose of Dr. von Hayek’s Austerity Snake Oil, whether we like it or not:

Would you like to know more? Mark Ames is the author of Going Postal: Rage, Murder and Rebellion from Reagan’s Workplaces to Clinton’s Columbine and co-author of The eXile: Sex, Drugs and Libel in the New Russia (Grove).

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54 Comments

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  • 1. Fritz Drybeam  |  January 12th, 2011 at 7:38 pm

    Reality, you lying piece of shit, first
    let’s eliminate all the Bank Bailouts (up to $14 trillion and counting, if you include all the foreign banks we’ve bailed out), then eliminate the $3 trillion for two endless Imperial wars, the billions in subsidies to Big Agriculture, as well as all other forms of corporate welfare, and so on.

    And once all that is done, then get back to us, and maybe we can have a discussion about austerity for the people. Because until you eliminate the above waste, you cannot pretend our political leaders are really concerned about “fiscal conservatism”. It’s a total lie. If they were, they would first cut out everything that’s listed above.

    You’re either a bankster shill or a Pete Peterson shill or else a truly ignorant moron, (that is, if you’re not a shill and actually believe what you’re saying), but whichever it is, just for defending the billionaire banksters while arguing to cut out poor people’s Social Security, this alone would be enough to make you an abhorrent piece of shit.

  • 2. atlas_lied  |  January 12th, 2011 at 10:25 pm

    I wonder if Reality realizes how stupid he sounds? Austerity means hurting the vast masses of society for the sins of the few on top, all while the corrupt FIRE sector mavens continue to reap profits AND socialize their losses?

  • 3. Rudy Blatnoyd  |  January 13th, 2011 at 5:30 am

    Reality, I agree that you are either a shill for the Pete Peterson Foundation and/or the banksters, or you’re one of the dumbest hicks on the planet. Not sure which, but there’s no third option here.

    The American people are willing to make sacrifices as part of a shared effort, but they are not willing to make *all* the sacrifices while the Wall Street Banker Pigs gorge on trillions in stealth bailouts. Because don’t kid yourself, the bank bailouts are continuing, they’re just hiding it from the public now, by using the FED and FDIC to continue the bailouts, as well as zero interest rate giveaways, that help banksters but punish elderly retirees. And as their way of thanking the American taxpayer for all this help: the criminal bastards paid themselves a record $144 billion in bonuses, money which came right out of the pocket of the American taxpayer. And nothing of societal value has been created by them in return. Nothing. They are parasites.

    In this environment, trying to sell austerity “cuts to social security” is not going to work, and fuck you, Reality, for even bringing it up, you dumb ass motherfucker, or bankster shill, (substitute whichever term applies in your pathetic case).

  • 4. Jack Boot  |  January 14th, 2011 at 10:10 am

    Mr. Ames is quite correct: In a major downturn, Hoover/Brunner-style austerity only worsens matters – rather like 19th Century doctors wrapping feverish patients in thick blankets (“I don’t care how hot you are! Leave ’em on, and we’ll just sweat that fever out of you!”)

    As Keynes noted, when money & jobs are in short supply, the government must inject both into the economy. After Hoover & Brunner had mired their respective countries up to their axles, they were replaced by FDR & Adolf, both of whom did just that. Of course, one did so via the WPA & suchlike; and t’other via the Wehrmacht..

    Why not create a new WPA? (We already have a Wehrmacht) God knows the US infrastructure could do with a thorough overhaul.

    Don’t see it happening, though…


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