The Wall Street meltdown of 2008 pushed millions of middle-class Americans down the social ladder and left the Obama administration scrambling to limit the damage. But that has meant even less attention to the growing ranks of the nation’s poor, say Bill Moyers and Michael Winship.
Exclusive: The U.S. news media continues to hail Rep. Paul Ryan as a “fiscal hawk” despite the ocean of red ink in his budget plan. The latest to misrepresent Ryan’s record is the New York Times’ Katharine Q. Seelye, who famously distorted Al Gore’s words in Campaign 2000, writes Robert Parry.
Until the Great Crash of 1929, the federal government did little to regulate the power of Wall Street as it precipitated cycles of boom and bust that ruined the lives of many Americans. That history is now being forgotten as Republicans move to dismantle what’s left of the New Deal, says Lawrence Davidson.
From the Archive: As Republicans and the Tea Party seek to dismantle the New Deal’s social contract, one of their heroes, Dick Cheney, concedes that his personal success traces back to the federal government’s intervention against the depredations inflicted on Americans by “free-market” capitalism, writes Robert Parry.
The U.S. squeeze on Iran over its nuclear program caught London-based Standard Chartered Bank, forcing it to pay penalties to a New York regulator for allegedly handling money from Iran. But Danny Schechter asks if the action was partly to settle a grudge.
Exclusive: Mitt Romney and Paul Ryan were quick to assure U.S. seniors that they will be grandfathered in to today’s Medicare – even if younger Americans get stuck with an inferior system – a bet that the selfishness of “greedy geezers” will grease the way to a Republican victory, writes Robert Parry.
Exclusive: The U.S. press corps is lathered up over the “tone” of Campaign 2012, insisting on a more high-minded discourse. But these journalists are unwilling to make distinctions between legitimate questions about the presidential candidates and distortions in some of the ads, Robert Parry writes.
Some voters are in disbelief that Mitt Romney’s tax plan would raise taxes on the poor and the middle class in order to reduce them even more on the rich. But government strategies favoring the rich date back to the origins of the Republic, notes ex-CIA analyst Paul R. Pillar.
The twin existential threats of nuclear weapons and global warming may work together to end life on Earth because climate dislocations will make desperate national confrontations more likely. But the world’s politicians are doing little about either, writes Robert Dodge.
The death of Gore Vidal on Tuesday at the age of 86 marked an end of an era, a time when men and women of wit and intellect fenced in public debate, now replaced by the loud voices of prideful and mean-spirited know-nothings, as Michael Winship explains.