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."
This is precisely what happens:
Spitzer Whacked For Warning Of Financial Crisis, Bush Fed Targets Taxpayers As Bagholders
Roger Stone is the longtime dirty-trickster who knocked the socks off of Eliot Spitzer in a scandal of high-priced trysts that forced resignation of the NY Governor earlier this year. With a Republican pedigree stretching to Watergate, Stone needed little inducement more than Spitzer's capital "D" affiliation.
But, as the nation's taxpayers await the terms of our extortion by the Bush Administration's 'exempt from oversight' bankers' club under a plan -- including full immunity -- led by Henry Paulson, it's time to consider the political assassination of another White House enemy for the SOP it was.
Sure, Spitzer should have de-socked before his career-ending indiscretion. But we should revisit the prophetic message that was lost to the tsunami of Spitzer's scandalization two weeks later.
Julian Assange take note - This is what happens when you threaten the Banks of Amer, err, the United States of America:
It's obviously slow around here, this season, a hopeful sign that people are doing good things with their families in preparation for the end of the first decade of the New American Century.
If only we might have preempted it just about a decade, or so, ago. Alas, the best thing we can do is an appropriate and probing retrospective in order to understand what we should have done differently and to plan for resolving how to do the next one better.
Rule 1, I think, is to ignore Dick Cheney and his network of mega-FauxNe(w)s.
Rule 2 is to 'follow the money' (see Rule 1) and Arianna Huffington makes a good point (a couple, actually) in her argument with Larry Krudlow, the GOP financial pundit @ CNBC.