The Dawn of Late Fascism

Lew Rockwell reports:

The downgrading of US debt this summer didn’t have huge economic consequences, but the psychological ones were truly devastating for the national elites who have run this country for nearly a century. For a State that regards itself as infallible, it was a huge blow that market forces delivered against the government, and it is only one of thousands that have cut against the power elite in recent years.

Another recent example was the vanishing of the much-vaunted Obama jobs bill. He pushed hard for this scheme for a month. He made an FDR-like national speech that attempted to whip up a public frenzy. He promised that if the legislature passed his law, supply and demand for workers would magically come together. We only need to agree to spend a few hundred billion more!