America's Right-Wing Reinterprets the Crisis (tags)
A state is not a hardware store. It must contract debts in crisis times. Four years after the collapse of the US economy, the republicans send a former investment banker into the race who stands for a policy that got us into the real messThe right-wing was very successful in changing the discourse.
The Crisis, Trust and Homeowners (tags)
Capitalism cannot function any more without credit-financed debt on account of its increasing productivity. The recession will come because the indebtedness-dynamic can hardly be maintained with which the capitalist zombie-economy is kept alive in its pseudo-life.
The November 2 midterm elections were not only a decisive rejection not only of the Obama administration but a full-scale endorsement of free-market economic policies and lassiez-faire capitalism — albeit by a much smaller segment of the American electorate than voted Obama and the Democrats into power in 2008. Millions of Americans voted against the party under whose watch unemployment has risen from 6.2 to 9.5 percent, and bought into the Republicans' critique that the reason for Obama's failure is he's been too much of a progressive, unduly burdening the private sector with regulation and taxation. Thanks to talk radio and Fox News, millions of Americans profoundly believe that Obama and the Democrats are far more radical than they are — and as long as they remain on the air and have their current level of influence, U.S. politics will continue to move even further Right.
BTL:Corporate Media "Embedded" with Wall Street as Economic Crisis Hit (tags)
BETWEEN THE LINES Syndicated Radio Newsmagazine