Economy

Rick Perry’s Texas Delusion

Texas Gov. Rick Perry, the new Republican presidential frontrunner, touts the “Texas Miracle” as a model for the nation. But his vision of a free-market paradise, thriving without the nuisance of government spending, doesn’t match the reality, writes Michael Winship.

Real Plans for Putting People to Work

Ironically, just as government-spurred technology opened up prospects of greater wealth for all, an anti-government movement took hold, making sure most benefits went to the rich while leaving millions unemployed and the economy a wreck. Michael Winship lists ideas for putting some jobless back to work.

The World at a Tipping Point

America and the world seem precariously balanced between those who wish to deny the many problems facing mankind and those who insist that the human race address the multiple crises confronting the planet. Winslow Myers sees reason to hope that the world will tip in a positive direction.

The Dangerous Reagan Cult

Exclusive: Ronald Reagan’s anti-government philosophy inspires Tea Party extremists to oppose any revenue increase, even from closing loopholes on corporate jets. Democrats try the spin that “even Reagan” showed flexibility on debt and taxes. But Robert Parry says it is the “Reagan cult” that is at the heart of America’s crisis.

Back to Big Media’s Political Circus

As the United States careens toward another economic crisis, the big-time U.S. news media is back to trivializing politics as some inconsequential sporting event where the competing sides score points measured by daily tracking polls. Danny Schechter dissects the madness.

Life in an Age of Looting

The ugly scenes of rioting and arson in Great Britain are a preview of the societal breakdown that can be expected from today’s staggeringly inequitable economic/political system, where stock-market sharpies get away with plundering pension funds but the poor get nailed for looting consumer goods, observes Phil Rockstroh.

Wisconsin GOP Hangs onto Senate

Exclusive: Wisconsin Republicans lost two Senate seats in recall elections Tuesday but won four others to keep control of the state Senate – and they have a chance to oust two Democrats next week. But the two Democratic victories prove the potential of grassroots organizing, says Lisa Pease.

US Lost Its Way from Omaha Beach

Exclusive: Visiting Omaha Beach and the nearby American cemetery of World War II dead recalls a moment in time when the United States sacrificed to stop a global epidemic of madness. But Robert Parry discovered that those memories also underscore how the United States has since lost its way.

Negotiating with Hostage-Takers

One enduring lesson of the Reagan administration is that it makes no sense to negotiate with hostage-takers; they only take more hostages. That is a lesson that President Barack Obama and the Democrats must learn in dealing with the today’s right-wing  Republicans, writes Michael Winship.

Spain’s Battle Against ‘Austerity’

Western governments are stepping up their demands for public “austerity” hitting the middle and lower classes, even as extravagance remains the watchword for Wall Street and the rich. In Spain, a determined movement of “indignados” has emerged to challenge this political/economic dynamic, Pablo Ouziel reports.