View this link:

http://jdeanicite.typepad.com/i_cite/2008/11/upside-down-and.html

Jodi Dean:

The economic news continues to be unfathomably grim… It’s also confusing. Every few days there is news about billion dollar bailouts. Today it’s Citigroup—too big to fail. And why did 700 billion become the magic number? The Obama reconstruction plan is estimated to cost that much.

The language is always that of immediate crisis and chaos—if X doesn’t happen right away, “it would create chaos.” I guess they keep repeating that line because it works—it gives more money to the banks. More and more and more and more. Apparently more than 10 trillion dollars of wealth has been wiped out. Where did it go? It seems to have something to do with imagination land.

I don’t think I understand it either.