• Obama’s order, in particular, shows how the entire economy is now in service to the military.

• This is the military-industrial complex on steroids, and it’s devouring our democracy.

• Why Obama’s JOBS Act Couldn’t Suck Worse

Matthew Rothschild, Progressive

Submitted by David Culver

Last Friday, March 16, President Obama issued a creepy Executive Order.

Entitled “National Defense Resources Preparedness,”  it authorizes the President and cabinet officials to take over crucial aspects of the national economy not only during emergencies but also in peacetime.

The order relies on a Korean War-era statute, the Defense Production Act of 1950, to further entwine the domestic industrial economy with the military. It talks of fostering “cooperation between the defense and commercial sectors.”

More…

Related:

Why Obama’s JOBS Act Couldn’t Suck Worse, Matt  Taibbi, Rolling Stone
The “Jumpstart Our Business Startups Act” (JOBS) will very nearly legalize fraud in the stock market.