World-News

Richard D. Wolff, MR Zine: "President Obama's basic budget for fiscal 2012 is mostly a done deal supported by the entire political establishment. The hyped choreography of forthcoming battles between Democrats and Republicans is a very secondary sideshow. The battles clothe basic agreement in a disguise of fierce oppositions perhaps aimed to mollify each party's none-too-discerning militants. Both sides agree that the US private economy is in such a poor and dangerous condition that it needs massive fiscal stimulus from the federal budget: classic Keynesian policy."

http://www.truth-out.org/on-president-obamas-budget67777

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Obama's Budget and the Rot of American Capitalism

By Patrick Martin

After committing trillions in federal bailouts to the banks and billionaires, the White House is demanding cuts that will devastate the working class, and particularly its poorest and most vulnerable sections.

http://www.informationclearinghouse.info/article27481.htm

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An un-free market

ErneLewis.com
by Erne Lewis

02/12/11

Congress will continue rewarding the politically powerful banks, corporations, government unions, the federal and state bureaucracies and the teachers unions who fund their reelections ... until the imminent death of the nation leaves them no alternative. Until then, until we enter a screaming economic nosedive, they will continue to pay lip service to the voters and otherwise reward those who own them. And the economic collapse will happen because it must...

http://ernelewis.com/blog/2011/02/our-washington-aristocrats/


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bipartisan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=capitalism+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=economic+collapse
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=working+class
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=stimulus
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Keynes
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Richard+D.+Wolff
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Patrick+Martin
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Erne+Lewis
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