In any case, you do begin to suspect that this whole crisis is just a bigger than usual headfake when you read Thomas Friedman's New York Times column today. He already sees the day (tomorrow) when the fear abates, the crisis temporarily ends, and the real business of destruction can get underway with a vengeance before the next crisis hits in six weeks.
His personal Santa and his close personal friend is one Stan Druckenmiller, Forbes billionaire and self-promoting philanthropist whose claim to fame is urging debt-enslaved college kids to blame Grandma for their world of economic woe instead of.... well, him and his band of plutocratic predators. You get the awful rancid taste of Bowles-Simpson Catfood in your mouth the minute you start reading:
Wait! Who is that speaking to crowds of students at Berkeley, Stanford, Brown, U.S.C., Bowdoin, Notre Dame and N.Y.U. — urging these “future seniors” to start a movement to protect their interests? That’s Stan Druckenmiller, the legendary investor who made a fortune predicting the subprime bust, often accompanied by Geoffrey Canada, the president of the Harlem Children’s Zone, of which Druckenmiller is the biggest funder. What are they doing on a Mick Jagger-like college tour where they don’t sing, don’t dance, and just go through a set of charts showing young people how badly they’ll be hammered if our current taxes, growth rates, defense spending and entitlements stay where they are?As I pointed out in my published response,
Thomas Friedman doesn't tell you that the mass movement of young people against the greedy geezers is, in reality, an astroturf scam funded by billionaire Pete Peterson. It's called "The Can Kicks Back," and it comes to life every time there's a new manufactured crisis.
With another episode of Disaster Capitalism upon us, Druckenmiller, himself a multibillionaire hedge fund mogul, is joining fellow plutocrats Al Simpson and Erskine Bowles in their zombie propaganda campaign aimed at slashing the safety net. They just can't get enough of the wealth of a nation. More and more seniors are falling into poverty, and the Fix the Debt scare-mongers have shamelessly used young people as human shields in their pathological quest for more, more and more.
Under their “chained CPI” proposal, over the next 25 years the average retired federal employee would lose $48,000. The average Social Security recipient would lose $23,000; the average military retiree would lose $42,000, according to Sen. Bernie Sanders.
Why not suggest to your greedy plutocratic pals, Mr. Friedman, that they do away with their carried interest deductions and pay their fair share in taxes if they're so interested in saving the kids? How about scrapping the cap on their own FICA contributions to protect Social Security?
Because, make no mistake -- this is not generational warfare. It's class warfare, of the pathological rich versus the rest of us. And we plan on fighting back, every step of the way.To get all fired up and ready to fight, be sure to watch the latest Simpson and Bowles comedy routine here, followed by an excellent takedown of their geriatric antics by cartoonist Mark Fiore.
We've grown a little leaner, colder, sadder, older, so haul out the holly, and say bah humbug to catfood. We need a little Christmas, right this very minute.
Update* -- thanks to some Congressional can-kicking tonight, the government will soon be open for business and default has once again been averted. So it looks like the next opportunity for the Grinch to shoot us up with another bolus of shock doctrine will be 'round about Valentine's Day. But until then, the anticipatory drama and fear-mongering will continue.