World-News

Imara Jones, Colorlines.com: 'Default was the best option. The shameful and dangerous debt ceiling deal passed into law yesterday made that clear. It is rooted in the grand bargain that the political class made in 2008: to save Wall Street and allow those in the rest of America to drown Katrina style. The plan will suck money out of a shattered economy that can ill afford it and demand sacrifice from frayed and threadbare communities that will likely not be able to endure what s been asked. Yet, it will allow the wealthiest Americans to get off Scott free and - here s the kicker - profit from the misery that the plan exacerbates.'

http://www.truth-out.org/us-doesnt-have-debt-problem-it-has-crisis-values/1312557805



Bringing on the 'Obama Recession' by Forgetting the Lessons of Keynes and FDR

David Woolner, New Deal 2.0: 'In the past two years we have heard official after official claim that they do not want to repeat 'the mistakes of the Great Depression.' Yet the recent behavior of both the Obama Administration and senior members of Congress belies this claim. Rather than fight for economic policies that would stimulate the economy and put people back to work, this Administration - and even many senior democratic party officials - have chosen to ignore the lessons of the past. Instead of focusing on jobs and growth - the real crisis in our economy - they have embraced the sky-is-falling rhetoric of the Republican Party extremists.'

http://www.truth-out.org/bringing-obama-recession-forgetting-lessons-keynes-and-fdr/1312563318



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Keynes
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Great+Depression
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=political+class
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Imara+Jones
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=David+Woolner
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