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And Obama ran an election marketing campaign promising to increase taxes on the wealthy, and Rahm Emanuel has already hinted that he may not do that instantly. What he said, and this is the reason I quoted him, because it actually exhibits the extent to which he is truly an ideologue, really a follower of the very ideology - not only a follower, however a propagator of the very ideology that Obama ran his marketing campaign against. In Berlin, nearly everyone there was positive that Obama was going to be another Gorbachev, anyone laying low, someone going together with, seemingly conforming, so that swiftly, as soon as he was in, he could do a revolution. You require that it keep on with its knitting, take in deposits, make loans, avoid these exotic monetary instruments, do away with conflicts of interest, have transparency. And in the meantime, we should take this money and just nationalize a few banks outright. I believe Pelosi is right to say that we don’t want to throw money at Detroit till we see the plan, but we must be doing at the least as much with the banking sector. IRIS OVSHINSKY: To see on the computer, on the web, the crushed EV-1s that GM did, that was tragic.

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We’re going to see major stimulus, financial stimulus. NAOMI KLEIN: Yeah. I mean, just coming back to what we are able to count on from Summers and Geithner, I mean, I feel it’s clear that there’s going to be a serious departure from the ideology of the concept that the government can’t do something. So there’s going to be an enormous squeeze on labor, a squeeze on the type of labor that was employed in states and municipalities, public unions for infrastructure, to primarily privatize it from the start with government guarantees, authorities funds. So the true query, I feel, just isn't whether they will spend taxpayer cash - they'll, on infrastructure - however the purpose is, will they simply rack up big debts, huge deficits, or will they actually pay for this with taxes on the wealthy, which is what they promised to do and what we’re seeing Gordon Brown begin to do in Britain, as a result of if they don’t pay for las vegas strip car hire this in an equitable method, in a progressive approach, then what will happen is that these large investments in infrastructure will create an enormous financial disaster down the road, it will be blamed on Obama, after which there can be a wave of privatizations of these new investments in public spending, and there will likely be a complete new bubble.

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If you can start with Larry Summers, the former Clinton Treasury Secretary. I wanted to begin with the appointments. But the important thing situation - and this is where we have to, I believe, focus our energies, as a result of it isn’t just - you already know, all of us want to be optimistic, however I feel part of what received us into this case the place we’re seeing these very disappointing appointments has been the fact that we haven't been trustworthy in regards to the legacy of the Clinton years. Your response to these appointments and what they signify? One set of laws works in all places.” And then he laid out those legal guidelines just a little bit later. On this clip, we start with Peter Horton, the actor, and then Tom Hanks is on David Letterman, and it goes from there. Then they all disappeared. And that’s the place Larry Summers is available in, as a result of Larry Summers was the final Treasury Secretary beneath Clinton. This is how President-elect Obama introduced the subsequent Treasury Secretary, if confirmed, Timothy Geithner.

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