[lbo-talk] European cities hit by anti-austerity protests (correction)

Somebody Somebody philos_case at yahoo.com
Wed Sep 29 12:11:34 PDT 2010


Eric: With the requisite caveats--that the loudest opponents are absolute cretins and that the package did quite a lot of good--it's not totally ridiculous for US workers to be critical of actually existing stimulus packages: the administration predicted 8% unemployment but it's settled a bit under 10%; piddling tax cuts and one-time payments for most people; tax credits (e.g., college tuition) that are useless for many; long-term unemployment is still a huge problem; etc. If this is the result of stimulus, then it's really not hard to see why people are against it.

Somebody: But, it's obviously *not* a result of the stimulus, considering that the worst economic downturn since the Great Depression began long before the American Recovery and Reinvestment Act. Americans are saying to the government, "Because you haven't done nearly enough to help us, we want you to help us even less!"

It's pathetic that Americans only see government as an active agent. A bad economy is like the weather to most people here, a natural event entirely beyond human control. If you go to a pub or a diner and hear folks talk about the economy, those are terms it's described in. It's not even just that Americans don't get angry at Wall Street bankers and profit-hoarding corporations. It's worse than that. It's that it doesn't even *occur* to them that they could possibly be blamed. Only the politicians can be faulted. The corporations, if they're thought of at all, which is unusual, are simply looking after their self-interest, and are hence blameless.



More information about the lbo-talk mailing list