POLITICAL SMEARS IN U.S. NEVER CHANGE: THE NYT’S 1967 ATTACK ON MLK’S ANTI-WAR SPEECH

John Oliver’s Monday night interview of Edward Snowden — which in 24 hours has been viewed by 3 million people on YouTube alone — renewed all the standard attacks in Democratic circles accusing Snowden of being a traitor in cahoots with the Kremlin. What’s most striking about this — aside from the utter lack of evidence for any of it — is how identical it is to whatNixon officials said …

Trickle-Down Economics and Trickle-Down Poverty

My friend Tonya, a woman in her late thirties who has lived in poverty for decades, called me today. “I feel like a sponge,” she said. “Everyone’s problems trickle down onto me and I absorb them all.” Tonya was referring to the term “trickle-down economics.” While she didn’t have the exact definition of trickle-down economic theory in mind (trickle-down economics is the …

Tell Wall Street Where They Can Shove Their Money

The best thing that could happen for America would be Wall Street divesting from the Democratic Party. The party would no longer be owned by the corporate oligarchy. America would finally have an opposition party, a party to fight the billionaire class and represent the working class. I hear many of you screaming, “But we have the Socialists, the Greens…” …

Obama’s Secrecy Obsession

If President Barack Obama is ever to take control of his foreign policy – and move the United States into a more peaceful and pragmatic direction – he will need to shake his obsession with secrecy and bring the American people into his confidence by sharing with them information about key events that have shaped recent crises. Right now, the …

There’s a Reason the Big Banks Aren’t Mad with Hillary

The Banks are hopping mad at Elizabeth Warren.  So mad, they’re threatening to stop contributing money to the Democrats unless she stops being so … so … accurate in her criticisms. Translated, this means they realize she can’t be bought.  Small wonder – Warren has been outspoken, plainspoken and passionate on where she stands on the economic issues of the day, which, …

Oregonians Are ‘Mad as Hell’ About Trade Deals That Threaten Their Food Supply

In the 1976 film “Network,” a news anchor, played by the late actor Peter Finch, urges his television audience to open their windows and shout the infamous phrase, “I’m mad as hell, and I’m not going to take it anymore!” According to people I’ve talked to on the ground in Oregon, that may be something close to what many residents …

Major US Political Parties Less Popular Than Ever

A recent Gallup poll found that the major political parties in the United States are seeing their lowest popularity levels in recent memory. Both the Democrats and the Republicans fall well below 50% in terms of approval, with 39% viewing the Democratic party favorable and 37% viewing the Republican party favorable. Since 1992 Gallup has been recording how much support each party …

Obama’s Terrible Trade Pact Is a Scam That Must Be Stopped

Ed, please call home! Edward Snowden, that is: Come quickly; your country needs you. Once again, the American people are being victimized by a hush-hush blanket of official secrecy, rhetorical dodges and outright lies. This time it’s not about wholesale spying on us by our own government, but a wholesale assault on our jobs, environment, health and even our people’s …

How Wall Street Used Swaps to Get Rich at the Expense of Cities

Yves here. This post by Ed Walker provides a detailed description of how badly municipalities have been fleeced when they bought interest rate swaps from Wall Street as part of financings. It isn’t simply that these borrowers were exploited, but that the degree of pilfering was so extreme that the financiers clearly knew they were dealing with rubes and took …

U.S. Voter Turnout is Low Because There’s Little to Vote For

Voter suppression plays an important role in keeping Black turnout below that of whites, but does not explain why overall U.S. voter participation is far below most developed countries on the planet. The reason is simple: the rich control both political parties and, as a result, “the U.S. offers the narrowest spectrum of electoral choices in the industrial world.” Voting …