Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

“We Are Drowning” On A Road To Nowhere: New War on the Horizon

Politics / US Politics Feb 19, 2012 - 12:09 PM GMT

By: Danny_Schechter

Politics

Best Financial Markets Analysis ArticleOil prices are rocketing. Iranian warships are moving into the Mediterranean to shadow the US warships already there.  Propaganda news is growing with rumors of Al Qaeda links with Iran, and, then, less speculative news about real links between the terror groups and the armed opposition in Syria.

As Rolling Stone’s Matt Taibbi puts it, the smell of war is in the air and on the air, “You can just feel it: many of the same newspapers and TV stations we saw leading the charge in the Bush years have gone back to the attic and are dusting off their war pom-poms.”


CLG adds: “Officials in key parts of the Obama administration are increasingly convinced that sanctions will not deter Tehran from pursuing its [alleged] nuclear program, and believe that the US will be left with no option but to launch an attack on Iran or watch Israel do so.”

The timing now seems to be for war in October, just before the next Presidential election. Does that mean that the White House believes that war fever will generate more support for an embattled Commander in Chief. Orwell was right in his classic 1984: “the object of the war is not to make or prevent conquests of territory, but to keep the structure of society intact."

Here in the “homeland,” the FBI busts a “terrorist” on his way, we are told, to blow up the Congress. Turns out he was supplied with phony weapons by the FBI itself, a specialist in entrapment. The G-Men supposedly became suspicious when they heard that this young Jordanian, living illegally in Virginia, told someone who told someone that the war on terror was a war on Muslims. That’s probably a majority view in the Middle East, but to them it was menacing and proof of evil intent.

After their puppet “suspect” was in custody, they reassured one and all that the Congress was never at risk. (Nor, now, is the FBI’s next appropriation!)

What a relief! Congress has survived to fight another day in its own war-- a partisan war without end. For the most part, the political logjam and stalemate continues and not just because of warring ideologies.

Unseen and only rarely commented upon by pundits who know how to cover political horse races but not political skullduggery is the role that big money plays behind the scenes. That is kept out of sight and out of mind.

Bill Moyers and Michael Winship write: “Watching what’s happening to our democracy is like watching the cruise ship Costa Concordia founder and sink slowly into the sea off the coast of Italy, as the passengers, shorn of life vests, scramble for safety as best they can, while the captain trips and falls conveniently into a waiting life boat.

We are drowning here, with gaping holes torn into the hull of the ship of state from charges detonated by the owners and manipulators of capital. Their wealth has become a demonic force in politics. Nothing can stop them. Not the law, which has been written to accommodate them. Not scrutiny -- they have no shame. Not a decent respect for the welfare of others -- the people without means, their safety net shredded, left helpless before events beyond their control.

Yes, “we are downing here.”

But is not just money per-se that is the problem, but those one percenters that are manipulating it as a weapon to drive our democracy into the dumper.

Charles Pierce names and shames them in the pages of Esquire, writing about the “the undeniable fact that, over the course of a decade, a bunch of cheats, thieves, and suited mountebanks stole most of the national economy and then wrecked whatever was left of it. But what's most extraordinary about the whole thing is that, after they swindled their swindles and heisted their heists, and got paid off by the rest of us for having looted our naional economy, they all kept doing the same things they were doing before. These included extravagant bonuses and, of course, continued crimes of capital that ought to be capital crimes.”

Wow!

On the same day I read, Joe Nocera in the New York Times saying it’s not important to punish the banks. So clearly the liberal media is in large part in cahoots with the right wing message points, avoiding any structural analysis, while pushing for mild “reforms” unlikely to reform anything.

One consequence of our corporate news system, according to Richard Flanders in the Atlantic is that Americans are being steered into becoming even more conservative.

“Even with the president’s approval rating showing signs of life and the Republicans busily bashing themselves over the head — “one is a practicing polygamist and he’s not even the Mormon,” retired Supreme Court Justice Sandra Day O’Connor recently quipped about her party’s two frontrunners — America continues to track right, according to polling data released by the Gallop Organization this week.” he writes.

“Americans at this political moment are significantly more likely to identify as conservative than as liberal: conservatives outnumber liberals by nearly two to one. Forty percent identify as conservative, 36 percent as moderate, and 21 percent liberal.”

Most upsetting is that the people who suffering the most are stuck in the Alice in Wonderland world of conservative ideology. 

This study concludes. “The ongoing economic crisis only appears to have deepened America's conservative drift - a trend which is most pronounced in its least well off, least educated, most blue collar, most economically hard-hit states. 

The public becomes dumber  in part because our media is a dumbing down machine. No wonder, alternative voices are brushed to the margins by our not so free press. This past week, I was interviewed by RT and AlJazeera, but none of the US TV news networks I used to work for will have me on. It’s not a personal thing:  I am not alone.

Yes, MSNBC has added two progressive hosts, but in the morning, on weekends, when viewing is lowest. Fox, meanwhile, dumped Judge Napolitano and his sometime sensible and outspoken libertarian show. Can’t have that, can we?

It’s time for Occupy Wall Street to add media reform to its emerging agenda. The media war is as real as any other, and unless we fight that one, we will lose all the others. Politics is a war of ideas, of different narratives in collision.

It’s not enough to chant, “We are the 99%.” We have to explain who rules America and how to change it.

One way to do it is educate the country about how many of the same interests that own the banks own the media.

Perhaps that’s why most media outlets are not reporting that unemployment increased this month and that underemployment is up to 19%

Writes Rex Nutting on Market Watch: “Everyone knows that the Great Recession has inflicted tremendous damage to the lives and fortunes of millions of Americans. But what you may not know is that most of the suffering is still to come.

We’re not even halfway done with this mess.”

A mess it is, a “mistake” it isn’t.

That’s why activists can’t give up

If there was ever a time for progressives to unite around some coherent ten point plan that can be used to reach potential supporters and broaden the movement for change, this is it. The aspiration should be to build a coalition that can win, to  “occupy the mainstream.” Sadly, here as in Greece where the economic crisis is at a boiling point, a headline in the Financial Times sums up a key obstacle to fighting back:

“Greek Left Has Most Support But is Fragmented”

What say you, unions, churches, minorities, students, workers, activists, feminists and occupiers? Do we work together or lose apart?  Assuming that the GOP self-destructs, do we really think that more ‘Bama can make the difference that needs making?

News Dissector Danny Schechters film and book Disinformation. For more information, Http://www.plunderhecrimeofourtime.com.

    News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Dissector.com/plunder.) Comments to dissector@mediachannel.org

    © 2012 Copyright Danny Schechter - All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in