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Michael Hudson explains the kabuki budget debate

  • Posted on: 20 July 2011
  • By: Tony Wikrent

Wall Street’s Euthanasia of Industry, by Michael Hudson: Obama is selling out his constituency to his campaign contributors: that's what politicians do. But even worse, the President is a fully committed acolyte of neo-liberal economics and "has bought into the idea that the only way to get recovery is to cut wages by about 30 percent."

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