Michael Hudson explains the kabuki budget debate
Submitted by Tony Wikrent on July 20, 2011 - 14:10Wall 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."