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A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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A Stupid Policy Invites Criticism
One thing you can say about Obama; he never fails to disappoint. Last night's State of the Union Speech is a perfect example. In his typical lofty rhetoric, the president promised to continue to implement his regressive social and economic policies without pause provided his GOP counterparts lend a hand. Aside from his promises to... Read More
The Politics of Debt Repudiation
The US consumer's decade-long spending spree has ended, but there's still an ocean of red ink left to mop up. And with housing prices falling and unemployment tipping 9 per cent, it will take longer to clear the family balance sheet than many had anticipated. Traditionally, the government has helped to ease the pain of... Read More
Careening Toward a Third Depression
How do you light a fire under Congress? How do you get these guys to do what they're paid to do? We're 5 years into this slump, millions of people have lost their homes and jobs, 44 million people are on food stamps, the economy is in the tank, and congress won't lift a finger... Read More
What Happens When Deficit Hawks Set Policy
Global markets have plunged for more than a month, wiping out more than $5.3 trillion in total market value. Ostensibly, the catalyst was Greece's large deficits, but that's only part of the story. Under the terms of the Maastricht Treaty, (aka--the Treaty on European Union) EU countries are not allowed to exceed the treaty's 3... Read More
Will Sanity Prevail?
Barack Obama must choose between high unemployment or large fiscal deficits. It's one or the other. If he chooses to increase government spending and provide a second round of stimulus; unemployment will fall, the output gap will narrow, business confidence will strengthen, and the economy will continue on the path of recovery. If he refuses... Read More
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