America likes to think of itself as a land of the Great Middle Class with a government “of, by and for the people.” But that reality has changed drastically over the past several decades, as money and power have created a dominant American Oligarchy, writes Danny Schechter.
Goldman Sachs’ Lloyd Blankfein and other tycoons behind “Fix the Debt” want average folks to expect less from Social Security and other safety-net programs but are doing all they can to protect their special interest tax breaks and dodge the slightly higher tax rates for the rich, note Bill Moyers and Michael Winship.
Financial news network CNBC is dominated by correspondents and anchors who worship at the altar of the Market, preaching the right-wing theology of unrestrained capitalism and tightly constrained government. Amid that religious certainty, CNBC’s Becky Quick breezily mocks economist Paul Krugman, Beverly Bandler notes.
Exclusive: The U.S. news media continues to hail Rep. Paul Ryan as a “fiscal hawk” despite the ocean of red ink in his budget plan. The latest to misrepresent Ryan’s record is the New York Times’ Katharine Q. Seelye, who famously distorted Al Gore’s words in Campaign 2000, writes Robert Parry.