Rude Awakening
by Stephen Lendman
In 2008, a protracted global depression began, criminally manufactured by Wall Street and Washington scoundrels, complicit with major European partners.
Why? To permit greater financial and other corporate consolidation, more power, and ability to buy favored assets cheap, profiting hugely at the expense of millions of working households.
At the same time, Washington's got it own agenda. As White House chief of staff, Rahm Emanuel (now Chicago's mayor) told the Wall Street Journal on November 6, 2008:
Tags: austerity, bailing out banks, capitalism, deregulating, deregulation, devolution, economic crisis, economic decline, global depression, homeless, keynesian, layoffs, predatory capitalism, privatizations, social contract, social unrest, stock markets, unemployment, waging wars, wall street, war profiteers
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