Economy

Wall Street Parties On

Police have cleared out most Occupy Wall Street encampments around America, but no one is stopping the ultra-rich from partying on with the trillions of dollars in bailout help from the feds and the Fed, as Bill Moyers and Michael Winship observe.

The Founders’ True Foresight

Exclusive: The Tea Party’s revisionist history of the nation’s founding document may play well with the ill-informed, but the truth is the framers of the Constitution were fed up with state “sovereignty” and decided on a strong central government, a judgment that has served the United States well, writes Robert Parry.

Sundering the Social Contract

In political philosophy, the idea of a social contract is that the individual surrenders some rights for the benefits of living in a civilized society that has reasonable rules for all. However, in recent decades, the greedy rich have torn up that contract, as Danny Schechter explains.

Selling the ‘Supply-Side’ Myth

Exclusive: Any rational assessment of America’s economic troubles would identify Ronald Reagan’s reckless “supply-side” economics as a chief culprit, but that hasn’t stopped Republican presidential hopefuls, led by Newt Gingrich, from selling this discredited theory to a gullible GOP base, reports Robert Parry.

The Ever-Revolving Revolving Door

The Wall Street banks may have crawled back from the cliff of 2008 – and may have trimmed their bonuses a bit as they adjust to a more austere America – but they still get to place ex-employees in key government jobs, close to the ear of power, as Bill Moyers and Michael Winship note.

The Fiscally Reckless Mitch Daniels

Exclusive: Delivering the GOP rebuttal to President Obama’s State of the Union, Indiana Gov. Mitch Daniels is hailed as a “fiscal conservative,” but his actual record as George W. Bush’s budget director was one of fiscal recklessness, taking America from surpluses to massive deficits, as Robert Parry reports.

Foreclosing a Real ‘House of Lies’

Showtime’s “House of Lies” with Don Cheadle dissects the corrupt world of corporate consulting at a time when the Republicans seem poised to nominate Mitt Romney, who made millions at Bain Capital by applying similar strategies for pumping up companies and inflating profits, as Danny Schechter observes.

Why the Rich Keep Getting Richer

Mitt Romney, who wants talk of income inequality confined to “quiet rooms,” admits he’s spent the last decade living mostly on investments and paying less than half the taxes that would apply to a salary, just one more example of why the rich keep getting richer, as Bill Moyers and Michael Winship observe.

Muscling What’s Left of Democracy

The Standard & Poor’s rating agency has downgraded European countries in a move that may force the governments to crack down more on their populations and divert more money to wealthy investors, thus helping the super-rich short-circuit what’s left of democracy, Danny Schechter reports.

Turning America into Pottersville

Exclusive: The Republican presidential race has taken a detour into the “class warfare” that the party supposedly despises, with Newt Gingrich and Rick Perry tagging Mitt Romney as an elitist who got rich by laying off workers. But this spat misses the larger point of what the Right is doing to America, writes Robert Parry.