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So the question we should be asking ourselves is this: Why is so hard
to get a second round of fiscal stimulus when Keynesian remedies have
been used for more than 60 with great success? What’s changed?
What changed is the orientation of the people in power, most of
whom are either closely-aligned to or former employees of Wall Street.
Today’s political class is a subsidiary of the financial oligarchy. And that
goes double for the Fed who invariably puts the interests of the big
investment banks and brokerages above those of ordinary working people.
Proof of “regulatory capture” is evident in the manner that the recovery
has been managed. (or mismanaged!) Trillions of dollars in loans and
bailouts have been showered on the banks and financial institutions while
homeowners, consumers and working stiffs have been asked to cut back
on vital social programs for the sick, elderly, and unemployed. These
policies are largely responsible for today’s anemic, sputtering recovery, a
condition that’s ideal for restructuring the economy in a way that better
serves the interests of the big corporations and Wall Street. Read More
World:
Carnage in the Congo
Murder, Mayhem and the UN
by
Thomas C. Mountain
The UN has condemned Rwanda’s role in the carnage in the Congo
for supplying arms and aid to the M23 rebels fighting the Congolese army
in northern Congo yet provides the Rwandan military ten$ of million$ in
arms and aid for the thousands of Rwandan “peacekeepers” operating
under UN control in Dafur.
The UN gives arms to the Rwandan military, which in turn gives
arms to Tutsi rebels of the M23 warlords and then the UN condemns
Rwanda but orders its peacekeepers in the Congo, who in the past
bombarded the M23 rebels, to stand aside as the M23 captures the
strategically critical town of Goma in eastern Congo. Doesn’t make much
sense does it?