Right. Corporate MSM media weeds out the important things, the things that might really cause the people to say, hey, wait a minute, that's not right! instead of constantly putting on "news" that gets the people to think that our country is the best ever! and nothing needs to change.
It's fascist brainwashing that we get from MSM, not news.
Some points by Prof. Wolff:
Less unemployment is because people have dropped out of the workforce and many have left the country to go back to where they came from. Well paying jobs and skilled jobs have been lost and replaced by low paid work, part time work, temporary work, work with no benefits and no security.
Indebtedness of the American people is so severe that students are now protesting debt that they can never repay with the jobs they will be never be offered.
Less people in the work force has damaging affects on society because fewer people working means fewer people are producing what society needs.
Families don't have enough money to pay for basic things such as education and housing because wages haven't risen. So, students have taken on huge debt and Americans are moving into smaller homes.
The economy is in doldrums because the basic consumer is impoverished and can't buy. Banks are churning the money from consumer debt. Because once consumers are in debt all they can do is pay back their debt, they can't buy anything with their current money, so it works only for the banks who get rich off the interest payments.
There are economic consequences to the inequality we have. Goods and services that average people can afford are not being consumed. Enrollments at Community Colleges, for instance, have actually been dropping. So, population is rising, but the number going to higher education is dropping overall. People can't afford it, their families can't afford it. Can't take on more debt. The future of the American economy depends on how well trained and educated our workers are. Colleges and universities are where this happens. We are shooting ourselves in the foot, according to Wolff.
Capitalism has said goodbye to the West. The jobs are not coming back, they are now in places where low wages are the norm and the corporations and stockholders are cashing in on those profits. We're left with low paying, insecure, no benefit jobs.
On Greece: They don't have the money for basic things like their hospitals or to maintain their roads, etc. The debts were not taken on in the proper way which was not the fault of the Greek people. It was a Greek gov't that didn't act on their behalf. These debts cannot be paid back with the Greek people being able to live in dignity.
What is happening to Greece is not unique. And, when the lender squeezes the debtor too much, it never works, because, then the debtor doesn't have the money to pay back the debt.
50% of Germany's debt was canceled by the U.S, France and Britain and the other 50% was stretched out of 30 years. There is an irony that Germany, who benefited from a debt reduction, insists that Greece should not have a debt reduction and should suffer under severe austerity.
Treating the Greece the way they are being treated is not going to work, because under austerity they cannot grow and repaying the debt will simply become harder and harder.
The creditor is at as much fault as the lender. The creditor takes the risk when he makes a bad loan.
On the Next Economic Crash:
The uptick in the stockmarket has already run longer than the upticks of the past 50 years. Get ready for a correction.
China is in trouble because they produce goods for the West and the people of Europe and North America have no money to buy goods.
Portugal and Spain may decide to leave EU before they get treated the way they see Greece being treated.
There are many things happening that are truly frightening when we are facing another downturn after a very weak recovery for most people. Only the 1% have done well in this recovery since 2008.
Sadly, economic difficulties are pre-texts that lead to military conflict when the effort to solve the problem in other ways isn't available.
We need to continue having the conversations to honestly face our situation. We need to be able to face the fact that we may need a new economic system altogether. Yes, we're a great country, but we must debate our economic system and realize that it's not the best we can do.
Great show! Thanks Thom Hartman, Prof. Wolff & Lugano! Solidarity! Educate! Cogitate! Agitate!
US led forces in 16 air strikes targeting Islamic State
U.S., allies conduct 22 air strikes against Islamic State militants: combined joint task force
Is that why you refuse to help the Dems at 2910 N Central Ave, Phoenix, AZ 85012 ?
Fear? That combined with time swallowing you up?
Your posts are more projection than you realize.
And a media coverage that future historians will take with a grain of salt. There should be more major reports on the specifics of Greece and the coming elections in Spain. Plenty of news, just handled with an agenda.
I don't like getting letters saying that "my retirement is currently looking like xyz" and then hearing that "guess what, we actually spent all of your money and if we dont get more from group ABC then you might be screwed"...
What scenario in your life is that way of running shit acceptable?
Re. http://www.leftforum.org/ - any confusion as to why it is necessary and relevant can be resolved by watching Prof. R.D. Wolff talking to Thom Hartmann, via the link above. I have been advised that, not a lot of people know about TH here. Can that be true? The hour spent watching the link will be well spent.
Yanis Varoufakis is a battle worn but learned warrior for The 99% - Greek and otherwise, so The Troika (IMF, World Bank and ECB) hate his guts ... for speaking truth to power with the authority of facts and logic and errrr.. TRUTH! They Fear Him! Just like They Fear Us! Of course there'll be Govt Stooges and spies at http://www.leftforum.org/ / https://twitter.com/leftforum but The 99% forge on to form the multi-headed Movement From The Ground Up! Nothing but crumbs will come from on high from The 1% Table in The 0.01% Mansion! I believe 'ethos' change is possible in 1 Generation. + http://yanisvaroufakis.eu/
An impassioned paean to HC can be observed here btw, bw ... https://www.youtube.com/watch?v=odN4Aq7XjrE but the passion is justified in the circumstances, imo. Warning: Little Bit Scary!
''What we have here - is basically an inability to communicate'' + ''Beware of The Dark Side - Luke''! + fyi, see: http://www.politico.com/story/2015/05/hillary-clinton-2016-fearful-bernie-sanders-118346.html
Now go see IF you have got the wit or wisdom; rhyme or reason, to try to break that down and perhaps consider stopping being ''Monkey Likes Shiny'' and fixating on the next new thing! We build from below via such ''comings together'' such as http://www.leftforum.org/ / https://twitter.com/leftforum and OWS! There's NO magic wand or 'saviour from above' in a 0.01% owned and 1% rigged ''system'' so Grow Up!
Quasi-oxymoron or not - I like that Matt :-) + fyi, see: "US Sending Weapons To Iraq To Use Against Weapons US Previously Sent To Iraq'' by DS Wright - http://firedoglake.com/2015/05/22/us-sending-weapons-to-iraq-to-use-against-weapons-us-previously-sent-to-iraq/ - probably nothing there that you didn't know or suspect though. Solidarity to you + https://www.youtube.com/watch?v=7plNRs5kwgE
Turbo is a con, (you should hear him bitch about government spending), he is a Ron/Rand Paul supporter, so his responses are pretty predicable. Shadz (ie lungo? and mdonelly? or whatever) and BW are Greens (not that the Greens give a crap about them) but they are little budding political hacks who dream of power, their only purpose is to co-opt OWS for their party.
Bernie the human threshing machine will sort the rest out soon enough.
Turbo the con doesn't like Social Security, what a shock, NOT
America is a big country if there is going to be change there will have to be a big movement, we will see if all those people who visited the park really want change or was it just their moment and now they will be swallowed up by time, some because they fear being part of something big.
Thanks, it's all true too, as was the story I told bw about a young lady who is a friend of one of my kids, and whose parents were pissed at her for not choosing a more lucrative occupation after graduating Harvard.. Instead she followed her heart. And I feel lucky and privelidged to observe this neat trend. To be honest though, I do wish that I could see and cite similar examples in my suburban neighborhood.
Just a few hours ago, I met a young person who was an organizer/volunteer with the Left Forum. She was my 'boss' today when I assisted there a little. She had a good sense of humor despite attending Columbia Uni..! ;-) I'm not sure if she was laughing with me, or at me though....hmmm
As this trend slowly continues, the corrupt elite will become more and more ostracized, and the moral conflict that will rage may play out within families as well, as it did in the 60's, albeit for different reasons
We should never lose hope.
Well I see ya got your 1st response from one of the dumbest of the mutts. Forced retirement "it" says. If "it" does not want to retire - I don't think that anyone is gonna make "it" retire. The rethuglicans would love to see "it" and everyone else die while on the job. F'n idiot.
Gee, I wish I had the link to the video of you whining about how great Hillary is. And, there are plenty of comments on the forum over the years with you defending her. Anyway, thanks for answering. You deny it. It's very interesting.
I like a lot of things about Bernie Sanders too, but I think he'll ultimately weaken Hillary Clinton making a Republican victory more likely, different to, but much like the Nader affect on Gore. But, no worries, you're good with it. Oh, and thanks for calling me Bitchworld, that was very nice of you. Always the gentlemen.
"New York State has one of the most unforgiving rules in the country when it comes to eligibility for voting in party primaries. Anyone who wants to vote in the 2013 Democratic mayoral primary — and all of the anticipated major candidates are Democrats — but is not affiliated with a party (like Mr. Bloomberg), or wants to switch parties (as Mr. Bloomberg once did), must take action almost a year before the actual vote."
“The situation here in New York is yet another manifestation of the stranglehold that political parties have on election administration — a stranglehold which is choking our democracy,” said Susan Lerner, executive director of Common Cause New York. “Most people don’t pay attention until, at best, a month before the election — that’s just the way life is lived in the 21st century. This, however, is an apparatus from the 19th century.”
Please, why don't you quote Michele Bachman again? Calling all of us Republicans as you struggle to screw up this election for Hillary is the absolute funniest thing. You're a genius.
you and your ego whores have been exposed
please refer me to the comment you are referring to I can't find it, would you answer the simple question what do we do about the GOP?
Would please show me an example of this "love of Hillary" to which you refer, I don't recall saying anything except how completely stupid it is to let the GOP win under any circumstance.
Honestly I don't know what post or comment you are asking about.
"Clearly, our creditors’ demand for more austerity has nothing to do with concerns about genuine reform or moving Greece onto a sustainable fiscal path. Their true motivation is a question best left to future historians – who, I have no doubt, will take much of the contemporary media coverage with a grain of salt." Yanis Varoufakis
So, what will history say of this era? Maybe something like "The Era of Destructive Unsustainable Greed and Inequity"
Thank god for people like Yanis Varoufakis who get it and who are willing to put people over profit. What point is an economic system if it's not serving the people?
I think you're full of shit and I don't believe your name was removed from the rolls, in any case if it were and you let it slid you're just an idiot.
He should be declaring the two corporate parties beyond saving. Joining one makes me wonder wtf is really going on. We know the oligarchs run both parties.