The new American capitalism

FreedomWorks
by Matthew Clemente

12/28/09

In 2008 and 2009, the Bush White House, the Obama White House and the Federal Reserve doled out over $2 trillion in taxpayer money in an effort to save failed businesses and to stimulate the economy. In 2010 — the Wall Street Journal predicts — the public will begin to understand how dramatically such efforts have changed the US economy. ‘Only as the recession recedes will it become fully evident how permanently the state’s role has expanded and whether, as a consequence, a new, hybrid strain of American capitalism is emerging.’ This ‘hybrid strain’ of capitalism is nothing more than the overreaching hand of government intruding into the private sector...

//tinyurl.com/yktyqtx



Hope is not change

In These Times
by David Sirota

12/28/09

When you look honestly at what’s going on in our government right now, it’s not clear that ‘change’ was anything more than a cynical campaign slogan on a colorful t-shirt. People are right to be angry. While we have certainly seen some encouraging progressive policy successes, the average person is nonetheless looking at an economy with a real unemployment rate of 17 percent — the highest since the Great Depression. And if they hear news of politicians at all, they either see them taking 15 different positions on the most simple issues, or raising boatloads of cash from the same corporate fat cats who got the country into this mess. We must realize that politics is serious, and at this time it behooves us to change our attitude and adjust our perspective...

//www.inthesetimes.com/article/5318/hope_is_not_change


Informant: Thomas L. Knapp

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The Cash Committee: How Wall Street Wins On The Hill
//www.commondreams.org/headline/2009/12/29-8



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