Economy

A Great Night for US Democracy

Exclusive: President Obama’s reelection was a victory for him and the Democrats but also for the principles of democracy. The Republicans sabotaged the economy, sought to suppress the vote and flooded TV screens with attack ads, but young people and minorities led the way in rejecting these tactics, says Robert Parry.

Power of Anti-Government Propaganda

Exclusive: By many standards, President Obama has done a remarkable job, steering the U.S. and the world away from a global depression and enacting reforms to benefit millions of Americans. But he has fought against a powerful dynamic of modern U.S. politics, a hatred of the federal government, says Robert Parry.

Ignoring Real National Security Needs

Before the Right began demonizing government, there was a bipartisan consensus on the wisdom of federal action to build important national projects, like the Interstate Highway System. Today, the need for a strengthened infrastructure has become a national security concern, writes ex-CIA analyst Paul R. Pillar.

Risking a Repeat of Election 2000

Exclusive: President Obama and Republican presidential nominee Mitt Romney are locked in a tight race with Tuesday’s election likely to be decided in a few hard-fought battleground states, much like 2000. And, Robert Parry sees other troubling parallels to that disastrous election.

Romney/GOP Play Good Cop, Bad Cop

Exclusive: On Nov. 6, the American people will face a choice, not just between Barack Obama and Mitt Romney, but whether they will reward the Republican Party for its four years of obstructionism or whether they will demand that the GOP return to its more responsible past, writes Robert Parry.

Mitt Romney’s Auto Whopper

For the past year, Mitt Romney has been charting new territory when it comes to running a mendacious presidential campaign, drawing complaints from his Republican rivals as well as Democrats and media fact-checkers. Now, his distortions are prompting complaints from two major corporations, notes William Boardman.

Anti-Government Economic Orthodoxy

Financial news network CNBC is dominated by correspondents and anchors who worship at the altar of the Market, preaching the right-wing theology of unrestrained capitalism and tightly constrained government. Amid that religious certainty, CNBC’s Becky Quick breezily mocks economist Paul Krugman, Beverly Bandler notes.

Schwarzenegger’s Selective Recall

Exclusive: Former California Gov. Arnold Schwarzenegger is trying to burnish his tarnished image with a new memoir, Total Recall. But the “Governator” forgets to include how a mix of Enron’s dirty tricks and their exploitation by Republican operatives brought him to power, writes Jim DiEugenio.

Lining Up Romney’s Votes

America’s concentration of wealth at the top has been accompanied by a bolder assertion of political power by the plutocrats, not just in the proliferation of unrestrained Super PACs but also in demanding support for Mitt Romney by employees, note Bill Moyers and Michael Winship.

The Danger of Wealth at the Top

For years, Mitt Romney has advocated tax breaks tilted toward the rich in a classic “supply-side” strategy, but is now trying to obscure that position. His shift comes as even conservative economists say the concentration of wealth at the top is hurting economic progress, as ex-CIA analyst Paul R. Pillar notes.