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Provided yesterday courtesy of John Cole's brother:“Fox News. You know what that is? Nickelodeon for people with dementia.”Please make a note of it.
Rollo's *not* gonna like this....
“Fox News. You know what that is? Nickelodeon for people with dementia.”Please make a note of it.
[England's] riots are not political, or so we keep hearing. They are just about lawless kids taking advantage of a situation to take what isn't theirs. And British society, Cameron tells us, abhors that kind of behaviour.Click through to read the entire Guardian piece by Naomi Klein---it's a pippin. I copped the link from Anne Laurie on Balloon Juice, who also notes that PM David Cameron and London Mayor Boris Johnson were both members of the obscenely wealthy and destructive Bullingdon Club during college years.
This is said in all seriousness. As if the massive bank bailouts never happened, followed by the defiant record bonuses. Followed by the emergency G8 and G20 meetings, when the leaders decided, collectively, not to do anything to punish the bankers for any of this, nor to do anything serious to prevent a similar crisis from happening again. Instead they would all go home to their respective countries and force sacrifices on the most vulnerable.
this is what happens when a regime has no legitimacy in the eyes of the people. After watching for so long as Saddam Hussein and his sons helped themselves to whatever and whomever they wanted, many regular Iraqis felt they had earned the right to take a few things for themselves.As the article says, though, London isn't Baghdad. Maybe not (fewer minarets, for one thing), but maybe turning London into Baghdad is part of Premier Cameron's and Chairman Murdoch's 10-year Great-Leap-Ahead Plan. It's almost as if Western nations are deliberately avoiding the tested, straightforward solutions to depression economics (i.e., stimulus and employment programs) in order to do some social engineering through the magic of Disaster Capitalism. If corporatists love anything more than tax cuts for themselves, it's political crackdowns.
The Fed dissenters are obviously looking for excuses to pursue tight policies; they’re looking at the facts only in search of support for their prejudices. As the old line goes, they’re using evidence the way a drunk uses a lamppost: for support, not illumination.Economists do it as much as the media, whether famous neoliberal intellectuals or Federal Reserve policymakers (usually the same guys, anyway). I enjoy reading about Krugman peeing on their lamppost.
A week ago, before the S&P downgrade, the interest rate on US 10-year bonds was 2.56 percent. As I write this, it’s 2.24 percent, with the yield on inflation-protected bonds actually negative.Get it? This is how the corporate narrative works. The Situationists figured it out more than 40 years ago:
You would think this would amount to strong evidence that the downgrade totally failed to shake confidence in US debt.
Yet people who listen to radio and TV reporting tell me that most stories attribute the stock plunge to the downgrade, and are telling listeners that the case for immediate spending cuts has gotten even stronger.
[They] argued in 1967 that spectacular features like mass media and advertising have a central role in an advanced capitalist society, which is to show a fake reality in order to mask the real capitalist degradation of human life.Their term for the narrative and its associated creations and fabrications was The Spectacle. Sounds correct to me.
As Chait says, the first thing you need to understand is that modern Republicans don’t care about deficits. They only pretend to care when they believe that deficit hawkery can be used to dismantle social programs; as soon as the conversation turns to taxes, or anything else that would require them and their friends to make even the smallest sacrifice, deficits don’t matter at all.In the Stockholm Syndrome world of Washington, DC, and the corporate media that sustain America's political withdrawal from consensual reality, this kind of talk from a liberal is condemned as "partisan bickering" or "uncivil."