The Republican complaint that any talk about raising taxes on the rich is “class warfare” has now refocused on the protests against Wall Street greed as an example of “mob” rule, instigated by President Barack Obama. But Danny Schechter finds the GOP accusation absurd.
Across the United States, the 99 Percent Movement is occupying more and more parks to protest America’s growing economic inequality. In Washington DC, activist Kevin Zeese reports on the protest at Freedom Plaza near the Treasury building.
Exclusive: For three decades, the United States has undertaken an extraordinary social experiment, incentivizing greed among the richest Americans by cutting their top tax rates in half or more. The results are now in from Ronald Reagan’s bold gamble and Robert Parry says they aren’t good.
Finally, a truly “populist” movement – not like the Tea Party funded by billionaires to serve the interests of billionaires – has arisen in America to challenge the growing economic inequities in U.S. society. Phil Rockstroh found his time with the “99 Percent” movement at the newly dubbed Liberty Plaza invigorating.
The “99 Percent” movement – arising across the United States – represents the first major public manifestation of disgust and fury at the rampant greed that has concentrated the nation’s wealth with the top “One Percent.” Economic journalist Mark Provost reports on his experience at one front in Boston.
As American politics continues its sorry decline – with many elected officials now sounding as goofy as any loud-mouth radio host – there are more and more suggestions about the need for reform, as Michael Winship observes.
The economic distress caused by out-of-control Wall Street greed finally has prompted a dramatic public response in the form of protesters occupying a park in the Financial District of New York City. Slowly, the movement has attracted broader support, reports Danny Schechter.
Exclusive: President Barack Obama’s health care law is heading to the rightist-dominated U.S. Supreme Court which may render a decision during the heat of Campaign 2012. Some Republican jurists are sure to claim that the law violates the “originalist” thinking of the Founders, but Robert Parry offers a differing view.
Brad Pitt’s new movie, Moneyball, may be about baseball but it also raises larger questions about the importance of applying facts and rationality to achieve a successful outcome, a lesson that the American people might apply to their political judgments, writes Lisa Pease.
Exclusive: When President Barack Obama suggested a minor adjustment in tax rates for the rich – to make sure they pay at least the same percentage as their employees – Republicans cried “class warfare.” But higher taxes on the rich may be the only way to rebuild the middle class, writes Robert Parry.