Economy

Showing that Hostage-Taking Works

Exclusive: The U.S. news media has been quick to cite the lousy May jobs report as proof that President Obama’s economic stimulus has failed and that Mitt Romney’s odds of winning have improved. But the real winner is the Republican strategy to make the U.S. economy “scream,” writes Robert Parry.

GOP’s Strategy of Deception

Thomas E. Mann and Norman J. Ornstein, two veteran centrists who disdain partisan labels, finally said what nearly everyone knows to be true. In April, they penned a Washington Post article entitled, “Let’s just say it, the Republicans are the problem.” Yet, the GOP “problem” goes even deeper, says Beverly Bandler.

New Voice for Jailing Bank Execs

In a new book, Predator Nation, Charles Ferguson (who directed the Oscar-winning film “Inside Job”) says banking executives implicated in the fraud that devastated the economy in 2008 should go to jail, a position applauded by Danny Schechter, who has long advocated the same.

Memorial Day Gas Lower than Bush’s

Exclusive: A top Republican indictment of President Obama has been the surge in gas prices and his supposed inability to constrain them. But gas prices have been dropping and are now lower than they were last Memorial Day – and lower even than the last Memorial Day under President George W. Bush – notes Robert Parry.

How Crucial Is Media?

Perhaps the Right’s biggest advantage in U.S. politics is its advanced media infrastructure – built over several decades and designed to reach the entire country on a variety of levels – especially when it’s compared to the Left’s general neglect of a messaging system, an imbalance that Danny Schechter addresses.

Contemplating the Abyss

The urgent question facing the planet is whether today’s late-capitalist era, possessed of unbridled greed at the top, can be turned to meet the needs of the world’s people or will hurtle onward to a global abyss, disrupting age-old patterns of life and bringing mass destruction, a crisis pondered by Phil Rockstroh.

Mitt Romney, the Bully

As a privileged preppy, Mitt Romney enjoyed humiliating suspected gays and other vulnerable people. But his bullying didn’t stop when he grew older. Instead, he applied similar tactics to make a fortune as a corporate raider, writes Marjorie Cohn.

To Save the Republic, Tax the Rich?

From the Archive: The urgent question facing the advanced capitalistic societies of Europe and the United States is: can “free markets” still meet the people’s needs or will those needs be sacrificed to the market’s demand for “austerity” — and if so, what does that mean for democracy — as Robert Parry asked in 2009.

Democracy Fights Austerity

Much of Europe has swallowed the bitter medicine of austerity on orders from conservative economic theorists, only to find that the supposed cure has made matters worse. Now, elections in France and Greece indicate that Europeans want a new approach that stimulates growth, ex-CIA analyst Paul R. Pillar notes.

Method to Republican ‘Madness’

From the Archive: Robert Draper’s new book, Do Not Ask What Good We Do, describes Newt Gingrich and other Republicans plotting on Barack Obama’s Inauguration Day how to sink his presidency. But that plot has been obvious for years in GOP obstruction of Obama’s recovery plans, as Robert Parry noted in 2010.