In the same Kansas town where Teddy Roosevelt castigated his era’s financial speculators 101 years ago, President Barack Obama spoke to the concerns of America’s 99 percent, those who have struggled while the super-rich prospered. But is Obama’s new rhetoric just talk, asks Danny Schechter.
Exclusive: Soaring in the polls, Newt Gingrich is confidently predicting his capture of the Republican presidential nomination and now sees the White House within his grasp. But, Robert Parry asks, is this divisive megalomaniac fit to run the most powerful nation on earth?
The Right’s giant megaphone is reversing the narrative for today’s crisis: It is Barack Obama’s “food-stamp presidency” and the Occupy demands for fairness that are at fault for the hard economic times, not Wall Street’s unregulated greed increasing the need for food stamps and heightening the imperative for resistance – as Phil Rockstroh explains.
Public opinion polls for Congress have sunk into the single digits and some observers are wondering why the ratings aren’t even lower. The latest area of abuse is the alleged use of insider information on Capitol Hill for lucrative stock trades, reports Michael Winship.
After the savings-and-loan debacle of the 1980s and the Internet bust a decade ago, hundreds of financial culprits were “perp-walked” to jail. But the big bankers who tanked today’s economy have escaped punishment, an omission that Danny Schechter says must change.
Exclusive: As local governments shut down more Occupy encampments, the movement for the “99 percent” is at a crossroads. Some supporters advocate more civil disobedience; others urge a shift toward media outreach; and still others want a move into politics. But Robert Parry notes that all three approaches may be required.
Despite a lack of policy prescriptions, Occupy Wall Street dramatized the crisis of income inequality in America. Now, Danny Schechter says the challenge for the movement is to expand on that message with outreach to the broader national population.
In the holiday season, many Christians take pride in helping the poor – by donating food and toys – but U.S. religious leaders have stayed in the background of challenges to an inequitable economic system, leaving that Jesus work to mostly secular young people of the Occupy movement, the Rev. Howard Bess observes.
As the United States has de-industrialized over the past several decades, an illusion of prosperity was maintained by rampant consumerism fueled by easy credit and bubble economies. Now U.S. businesses are hoping for another fix from shoppers rushing to the malls, as Danny Schechter writes.
Former House Speaker Newt Gingrich epitomizes the licentious lifestyle and lucrative cronyism that American conservatives claim to hate, yet he is the latest Republican presidential hopeful to soar into frontrunner status, as Michael Winship notes.