Naomi Klein is the best person to outline the big picture related to the financial crisis.  She is use to making such observations and her book The Shock Doctrine is a must read of our time.  Today, she points out that the handling of the financial crisis is “not merely incompetent. It is borderline criminal.”    Many of the items mentioned in her piece have been mentioned in these pages, but it is wonderful to see Naomi organize them in a single summary.  Naomi explains that Wall Street will end up opposing exactly what the America electorate just voted for — all in an effort to keep the free money flowing on Wall Street.

One thing we know for certain is that the market will react violently to any signal that there is a new sheriff in town who will impose serious regulation, invest in people and cut off the free money for corporations. In short, the markets can be relied on to vote in precisely the opposite way that Americans have just voted. (A recent USA Today/Gallup poll found that 60 percent of Americans strongly favor “stricter regulations on financial institutions,” while just 21 percent support aid to financial companies.)

America is doomed.