Felix Rohatyn's Fascist Plan to Ravitch New York

"Unveiled today," according to the admiring New York Daily News, "The Ravitch Plan" pushed by fascist banker Felix Rohatyn for New York State, would devastate what remains of the state's crashed economy, and make it as ungovernable as Arnie Schwarzenegger's California. Richard Ravitch, the author of Rohatyn's plan for the state, was Felix's deputy when he ran New York City as virtual dictator under Big MAC in the 1970s. Rohatyn demanded in a New York Times op-ed a week ago that his man Ravitch, who is now lieutenant governor, be made governor immediately. At that point, Rohatyn and Wall Street were convinced they had Gov. David Paterson on the ropes from press scandals, and ready to resign.

As Lyndon LaRouche has recently re-emphasized in his attack on the Rothschilds' bankrupt Inter-Alpha Group of banks, Rohatyn and Schwarzenegger are, respectively, a Rothschild leading agent, and a puppet of Lord Jacob Rothschild and old fascist George Shultz.

What a Governor Ravitch would do with his "Ravitch Plan" is Schwarzenegger's fascist path of destruction of California since 2002. Ravitch says, 1) the state must achieve "structural balance" in its budget within five years (i.e., no borrowing; he says $9.5 billion more in cuts to the devastated state budget must be made over that time); but meanwhile, 2) borrow $2 billion a year on Wall Street for the first three years, as Schwarzenegger did, at high interest rates which were ruinous for California; 3) create a financial review board that reviews the state's budgets and determines whether they are in balance, and if the board deems the budget out of balance, grants the governor [Ravitch] exclusive power to close the gaps without being bothered by the legislature or the state constitution; and 4) put covenants in the new state bonds which would stipulate an accelerated payback to the bondholders if the state's budget was found, by Ravitch's control board, to be unbalanced. The legislature would be rendered effectively powerless.

Still think Wall Street, having thrown out one governor (Elliot Spitzer), should get to throw out another?

In Illinois, to make the pattern clear, Gov. Pat Quinn yesterday unveiled a "caustic budget plan" that would cut $2 billion immediately and could throw 13,000 teachers out of work, raise taxes, and at the same time borrow billions in operating funds from Wall Street.