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The Five Biggest Lies Bush Told Us About Iraq

The Five Biggest Lies Bush Told Us About Iraq

By Robert Scheer, Christopher Scheer and Lakshmi Chaudhry

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Tag: Economics

gas prices
AP photo / Lisa Poole

Inflation Runs at a 26-Year High

The once-mighty U.S. dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices. Prices U.S. consumers pay shot up 1.1 percent in June—or more directly, your paycheck just got 1.1 percent smaller.

Posted on Jul 16, 2008 READ MORE


Klein Shock Doctrine
independent.com

The Truthdig Interview With Naomi Klein

Critics and challengers of Naomi Klein’s work had better take a close look at her latest book, “The Shock Doctrine: The Rise of Disaster Capitalism,” before launching their attacks. This is one writer whose research and documentation are so exhaustive that would-be detractors will not only find her analysis to be dauntingly watertight, even if they don’t share her views about the unnatural disasters enabled by free-market capitalism, but they might also discover that some of her source material seems strangely familiar.

Transcript available here.

Posted on Jun 30, 2008 READ MORE


Klein Shock Doctrine
independent.com

The Truthdig Interview With Naomi Klein

Critics and challengers of Naomi Klein’s work had better take a close look at her latest book, “The Shock Doctrine: The Rise of Disaster Capitalism,” before launching their attacks.

Posted on Jun 26, 2008 READ MORE


Fiat Chief on the Global Finance Crisis

The Italian-Canadian chief executive of Fiat, the leading Italian industrial enterprise, Sergio Marchionne, speaking about the present economic crisis last weekend, mentioned the well-known argument first made by the Austrian-American economist Joseph Schumpeter about the function of “creative destruction” in modern capitalism.

Posted on Jun 16, 2008 READ MORE


Bush and flag
blog.kir.com

How to Rule the World After Bush

How has the Bush administration changed the world economically, and what it will mean for the next administration? Also, if Bush-style “imperial globalization” is rejected in January, what will American ruling elites try to turn to—Clinton-style economic globalization?

Posted on May 18, 2008 READ MORE


U.S. Consumer Confidence at 28-Year Low

A survey released Friday showed that U.S. consumer confidence has fallen to the lowest point since the “stagflation” of the early 1980s. According to the survey, lower-income households, citing rising food and fuel prices, were the main source of the drop in confidence.

Posted on May 16, 2008 READ MORE


Toward a New Washington Consensus

What passes for smart economic policy is actually a set of right-wing globalization measures that destabilizes the world economy. For the sake of Americans and others, our politicians need to wise up.

Posted on May 15, 2008 READ MORE


The Single-Payer Solution

As the media coverage of the Democratic presidential race continues to focus on lapel pins and pastors, America is ailing.

Posted on Apr 23, 2008 READ MORE


He’s ‘McSame’ on Social Security, Too

The most puzzling aspect of John McCain’s political persona is his habitual attraction to George W. Bush’s bad ideas.

Posted on Apr 2, 2008 READ MORE


Shrinking Payrolls Worry Economists

A sharp jump in the number of Americans filing for unemployment has brought the four-week average to its highest level since the aftermath of Hurricane Katrina. Last week, 378,000 new claims were filed. Roughly 2.8 million workers currently receive unemployment benefits.

Posted on Mar 20, 2008 READ MORE


The Race to Captain a Sinking Ship

The Democratic presidential candidates squabble over real or imagined racial sensitivities, the Republican presidential candidate stages photo opportunities with the troops in Iraq, and meanwhile the financial system is coming apart at the seams.

Posted on Mar 18, 2008 READ MORE


Be Careful What You Wish For

Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries, and how government should keep its hands off the private economy.

Posted on Mar 18, 2008 READ MORE


The Two McCains

Liberals who have sung the praises of John McCain in the past confront a fascinating test of consistency, integrity and political commitment now that McCain is the virtually certain Republican nominee. It could be an amusing moment. I should know, since I’m one of them.

Posted on Mar 10, 2008 READ MORE


Bush

Bush Spotty on Economics, Grades

Anyone considering a bid for the presidency these days should keep records of their college (and, to be extra-safe, high school) report cards handy, judging by President Bush’s take on the state of the nation’s economy and the relation of that topic to his own educational history.

Posted on Sep 20, 2007 READ MORE


dolphin
time.com

Yangtze River Dolphin, We Hardly Knew You

If you’ve been putting off that trip to see China’s “goddess of the Yangtze,” you’ve waited too long. Scientists believe the human-sized dolphin to be the first aquatic mammal species to go extinct in half a century, a victim of China’s economic growth.

Posted on Aug 10, 2007 READ MORE


Reaganite Rudy’s Faulty Memory

The only way for Rudolph Giuliani to protect his status as the Republican Party’s leading presidential aspirant is to distract his party’s primary voters from the long list of issues that divide them from him.

Posted on Jun 7, 2007 READ MORE


Immigration Bill Isn’t Perfect, but the Alternative Is Insane

Ted Kennedy, John McCain, George W. Bush and others who want sensible, real-world immigration reform—yes, I just used the president’s name in the same sentence with “sensible”—are going to have to stop running from the word “amnesty.” The new Senate immigration deal is going to get chased clean out of town unless its supporters stand and fight.

Posted on May 22, 2007 READ MORE


UK Forces Climate Talks at U.N.

Over the objections of other members, the UK has brought the climate change debate to the U.N. Security Council. Russia, China and Pakistan said it was the wrong venue for the issue, but U.N. Secretary-General Ban Ki-Moon and British Foreign Secretary Margaret Beckett pointed out that rising sea levels, mass migration and economic catastrophe would almost certainly impact global security.

Posted on Apr 17, 2007 READ MORE


Home Foreclosures on the Rise

As interest rates continue to spiral out of control for many high-risk borrowers, the number of home foreclosures around the country is steadily going up. There isn’t much good news for the opportunistic lenders either—more than 20 mortgage companies have already gone bankrupt.

Posted on Mar 5, 2007 READ MORE


greenspan
The Economist

Greenspan Forecasts Recession

Alan Greenspan used his powers of economic foresight Monday to caution Americans about a possible upcoming recession.  While the former Fed chairman stressed that he can’t accurately predict changes far in advance, Greenspan speculated that we may see a dip in the economy within the year.

Posted on Feb 26, 2007 READ MORE


Stuck in the Single Life? Class Could Be a Factor

Read around the cliches about single women and cats etc. and find in this NYT story an interesting window into how shifting social values and socioeconomic stratification contribute to a marriage “happiness gap” for many Americans without college educations.

Posted on Jan 24, 2007 READ MORE


How Cubans Make It Work

Since the dissolution of the Soviet Union in 1991 removed much of the padding from Cuba’s economy, Cubans have found some creative ways to alleviate the financial hardships of life under the communist system.

Posted on Jan 4, 2007 READ MORE


Marie Cocco: An End to Reaganism

Expect a battle royal as the newly empowered Democrats seek to make the economy work for those Americans who don’t make more than $1 million per year.

Posted on Jan 3, 2007 READ MORE


child sweeping
warc.jalb.de

Report: World Bank Fails to Address Poverty

A new report by the World Bank’s Independent Evaluation Group criticizes the international lending organization for failing to alleviate global poverty with programs that focus too single-mindedly on growth. The bank estimates that 1.1 billion people subsisted on less than $1 per day in 2001. (h/t: Common Dreams)

Posted on Dec 10, 2006 READ MORE


Friedman
New York Times

Conservative Icon Dies

Conservative economics icon Milton Friedman has died at the age of 94.  Friedman, a rabid free-marketeer and dogged opponent of regulation, inspired generations of conservatives with his theories.

Posted on Nov 16, 2006 READ MORE


global warming
noaanews.noaa.gov

The Economics of Global Warming

A new report warns that climate change left unchecked would cause the global economy to lose 20% of its value, while acting to address the problem would only cost 1% of global GDP.  Sir Nicholas Stern’s report is the first major attempt to address the economics, as opposed to the science, of global warming.

Posted on Oct 29, 2006 READ MORE


sweatshop
latinamericanstudies.org

Overworked Laborers’ Day?

OK, we had to do it. Some snippets from a focus on the daily grind by the Washington Post:

  • The Pew Research Center: “Americans believe that workers ... are worse off now than a generation ago—toiling longer and harder for less in wages and benefits, for employers who aren’t as loyal ... in jobs that aren’t as secure.”
  • The Economic Policy Institute’s “State of Working America 2006/2007”: Productivity may have boomed in recent years, but family incomes have stalled.
  • Peter D. Hart Research for the AFL-CIO repeats this pessimistic drumbeat: Fifty-five percent of Americans said their incomes were not keeping up with inflation; 38% predicted that the economy would worsen in the coming year.


  • Also, the origins of Labor Day, My Bad Boss Contesta four-day workweek, labor statistics, quality of life, undocumented workers’ rights.  More labor links? Put ‘em here….

    Posted on Sep 4, 2006 READ MORE


    Portrait of Sharmini Peries

    Inside Chavez’s Venezuela

    Sharmini Peries

    Sharmini Peries, foreign policy advisor to Venezuela President Hugo Chavez, talks about Latin America’s most contentious leader—and thorn in Washington’s side—since Fidel Castro.

    Posted on Nov 29, 2005 READ MORE


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