The truth at any cost lowers all other costs — curated by former US spy Robert David Steele.
Obama inherited a federal deficit that was spinning out of control (mostly because of decreased tax take and increased expenditures for automatic stabilizers, e.g. unemployment insurance), and pressure is growing to cut Social Security (perhaps the most efficiently run program in government) while placing Defense (one of the most inefficiently run programs) off limits. These …
I was going to write about Legitimate Grievances today, but something more important has come up: Obama’s Choice. Context first. My friend and colleague for the past decade, Chuck Spinney was and remains a reformer. He was featured on the cover of TIME Magazine in the 1980’s, and I am including that graphic here because …
New options from the nomenklatura listed below is a silly oxymoron. Chuck Pentagon Openings Give Obama New Options By THOM SHANKER 7 November WASHINGTON — With critical decisions ahead on the war in Afghanistan, President Obama is about to receive an unusual opportunity to reshape the Pentagon’s leadership, naming a new defense secretary as well as several …
David Isenberg Author, Shadow Force: Private Security Contractors in Iraq Posted: November 5, 2010 11:51 PM The Louis Berger Group: It May Be a Crook But At Least Its Our Crook Are charges that private military contractors commit egregious acts of fraud overblown? Not according to recent news. McClatchy Newspapers reports that the Louis Berger …
Continue reading “Journal: US Govenment Accepts Fraud as “Normal””
New $600B Fed Stimulus Fuels Fears of US Currency War The Federal Reserve will pump $600 billion more into the US economy and keep interest rates at historical low levels. The short-term impact of the Fed’s move, known as quantitative easing, has been a jump in stock prices across the globe. Many nations, however, have …
Continue reading “Journal: Obama Trashing US Dollar & Economy”
In my last Counterpunch essay, “How Obama’s Initial Personnel Decisions Hardwired the Wipeout” I organized my argument around verbiage describing how Obama “fatal move” to the middle,” leaving the misleading impression that his connection to the middle occurred after the election. This was sloppy wording and in retrospect it is clear to me that impression …
Continue reading “Reference: Obama & Wall Street–Bloomberg Next?”
Squeezing the Working Class What’s Happening in Europe? By VINCENT NAVARRO Counterpunch Europe is seeing some of the largest demonstrations since World War II, with labor agitation being the major trademark. The reasons for this labor unrest are easy to see. Let’s look at several facts, starting with unemployment. Europe has always had lower unemployment …
