The US Senate on Monday passed a procedural motion clearing the way for approval of the Obama-Republican tax deal that will hand over hundreds of billions of dollars to America’s financial aristocracy: here.
George Lakoff, Truthout: “The differences between Democratic progressives and the president over the tax deal the president has made with Republicans is being argued from a materialist perspective. That perspective is real. It matters who gets how much money and how our money is spent. But what is being ignored is that the answer to material policy questions depends on how Americans understand the issues, that is, on how the issues are realized in the brains of our citizens. Such understanding is what determines political support or lack of it in all its forms, from voting to donations to political pressure to what is said in the media”: here.
Dean Baker, Truthout: “The proponents of the tax deal that President Obama and the Republicans negotiated last week have gotten out their TARP and Iraq war hysterics. All the important people are now telling us that if Congress doesn’t approve the package, it will be the end of the world!!!!! To be an important person in Washington these days requires a solid record of failure. That is why we have 25 million people unemployed, underemployed or out of the labor force altogether”: here.
Chris Hedges, Truthdig: “We may feel, in the face of the ruthless corporate destruction of our nation, our culture, and our ecosystem, powerless and weak. But we are not. We have a power that terrifies the corporate state. Any act of rebellion, no matter how few people show up or how heavily it is censored by a media that caters to the needs and profits of corporations, chips away at corporate power”: here.
Richard Wolff: Economic Recovery? Really? (Video). Professor Richard Wolff discusses who is benefiting from “economic recovery” and who isn’t.