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.
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 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.
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.
Exclusive: Guatemala has begun a politically difficult process to make human rights violators of the 1980s accountable for their crimes, including genocide inflicted on Indian villages, but the United States still heaps praise on the killers’ chief American accomplice, Ronald Reagan, writes Robert Parry.
Exclusive: Some staunch supporters of Israel believe that its interests are so compelling that they trump American self-governance, with one extremist suggesting the murder of President Obama. Others, however, appear to have joined in an earlier subversion of U.S. democracy, Robert Parry reports.
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.
The last two American presidents who pressured Israel (Jimmy Carter and George H.W. Bush) lost reelection. Though the reasons for their defeats varied, their strained relations with Israel surely didn’t help, a dilemma now facing Barack Obama as Israel demands U.S. backing against Iran, as Marjorie Cohn describes.
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.
President Obama postponed a military exercise with Israel out of concern that Prime Minister Benjamin Netanyahu was drawing the U.S. into war with Iran, Gareth Porter and Jim Lobe reported. Obama took the step despite pressure from Republicans and Congress to line up behind Israel’s desires.