With high unemployment, massive poverty, inequality, and a weak economic recovery, the economy is obviously the number-one issue in public consciousness. President Barack Obama and Mitt Romney continue to trade barbs on the presidential campaign trail. Romney accuses Obama of being “anti-business”, while Obama criticizes Romney’s record with Bain Capital, Romney’s private equity firm that was involved in outsourcing American jobs overseas. Amidst this cacophony of superficial babble and quacking from two politicians backed by multinational corporations and Wall Street, one fact is conveniently left out of the discussion — the $1 trillion national security budget.
Tag Archives: 2011 debt deal
This week has been a rough week for the global economy. The stock market fell dramatically. S&P downgraded the U.S.’s credit rating from AAA, its highest rating, to AA+ for the first time in history. The Eurozone continues to be in trouble with Spain and Greece possibly needing a bailout. In addition, London, and other parts of Great Britain, experienced days of violent riots, fueled by grievances over police racism, austerity, inequality, and the growing economic suffering of Britain’s poor and working masses. Certainly not a good week. Read the rest of this entry »