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.
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.
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.
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.
When seeking the Republican presidential nomination, Mitt Romney promised to keep the Bush tax cuts and tack on a 20 percent across-the-board tax cut. Now, he struggles to explain how that would work, but even the status quo has helped the rich and damaged the middle class, says former Republican William Frey.
Powerful corporations and right-wing interest groups are taking aim at state judges around the country who have ruled the “wrong” way and who can be tossed out via elections. This new flood of campaign cash is creating a system of justice for the highest bidder, write Bill Moyers and Michael Winship.
Many Americans don’t know where the Great Middle Class came from. They see it as a natural outgrowth of “free-market capitalism” when it was really the product of conscious government policies, starting with the New Deal. That confusion must be addressed in this political season, says Beverly Bandler.
Rep. Paul Ryan wraps his Ayn Randian philosophy of unrestrained selfishness in phrasing selectively lifted from the Founders, but the Republican vice presidential nominee misses the role of democracy and self-government in establishing human rights, says historian Jada Thacker.
The last decade’s surge in military spending has added to America’s debt while having a dubious impact on U.S. security. The upcoming elections now pit President Obama, who is calling for reductions, against Mitt Romney, who is calling for more increases, writes ex-CIA analyst Melvin A. Goodman.
Exclusive: Election 2012 is a choice between two visions for America’s future and also a contest between two versions of the U.S. past. Mitt Romney and the Tea Party draw from a national narrative that claims the Framers opposed a strong central government, while President Obama sees the opposite, writes Robert Parry.