Economy

Making the US Economy ‘Scream’

Exclusive: Over the past several decades, Republican methods for winning national power have come to resemble CIA techniques for destabilizing an enemy country — through the use of black propaganda, political skullduggery and economic disruptions. Now, heading toward Election 2012, the Republicans appear poised to make the U.S. economy “scream,” observes Robert Parry.

Taking the Side of the Billionaires

Exclusive: America’s Right pitches itself as populist, taking the side of the common man against “big guv-mint” and “lib-rhul elites,” but its actual policies – from the NFL lockout to Rep. Paul Ryan’s budget – side with the billionaires in what amounts to an escalating class war against the middle class and the poor, Robert…

Spanish Protests Lose Their Way

The popular protests across Spain gave voice to national indignation over the political/economic system, but the result of regional elections was only to shift power from the Socialists to the center-right Partido Popular. Spanish writer Pablo Ouziel says that outcome should prompt some self-reflection among radical groups that seized control of the uprising.

Wall Street Was ‘Too Big to Jail’

HBO’s new docudrama on the Wall Street crash of 2008 details the frantic government efforts to stabilize the banking system and stave off a global depression, but the program misses the systemic fraud and other crimes that were at the heart of the crisis, Danny Schechter writes in this guest essay.

Perp-Walking the Wrong Banker?

The sexual-assault arrest of International Monetary Fund chief Dominique Strauss-Kahn touched off a frenzy of media coverage in New York, including repeated showing of the French banker looking disheveled in handcuffs. But Danny Schechter pines for the day when the Wall Street schemers who caused the 2008 financial meltdown get their perp walks.

Spain’s Tahrir Square

Angered by “free-market” policies that have created high unemployment and are now forcing government spending cuts, tens of thousands of Spaniards are occupying central squares in Madrid and other cities in a challenge to the country’s economic elites, as Pablo Ouziel describes in this guest essay.

Leaving a Church of Free-Market Miracles

A significant part of the U.S. population is stuck in angry denial, unwilling to acknowledge scientific realities (like global warming), embracing fictions (like Barack Obama’s Kenyan birth), and refusing to acknowledge America’s diminished situation (like the crumbling infrastructure of roads and education). Rather than act sensibly, they cling to their diminished status and mock anyone…

Rand Paul’s ‘Health Right=Slavery’ Rant

Sen. Rand Paul, a Tea Party favorite, likens the idea that every American should have a right to healthcare to the imposition of “slavery” on doctors like him and their staffs, a bizarre and extreme analogy that Lawrence Davidson dissects in this guest essay.

Mitch Daniels, Architect of US Debt Crisis

Exclusive: Indiana Gov. Mitch Daniels is the new Republican darling of the Washington establishment, which hails him as a “fiscal conservative” who would be “serious” about addressing the nation’s staggering debt problem. But his many admirers forget to mention what Daniels did in creating the debt crisis as George W. Bush’s budget director, notes Robert…

How Fox News Outfoxes Americans

To understand how so many average Americans can be duped into embracing right-wing positions that go against their own interests, you must look at  how Fox News (and right-wing media outlets) use faux populism and phony outrage as propaganda techniques, a topic explored by Danny Schechter in this guest essay.