If there’s one thing the media seem to be convinced of—or at least seem to want to convince the public of—it’s that rules that protect workers kill jobs and are therefore to blame for high European unemployment rates.
Targeting Europe's 'burdensome' worker protections
What's missing from the Mali storyline? And what is the likely impact of this latest military action on the Malian people? CounterSpin talks to Emira Woods from the Institute for Policy Studies. And Barack Obama's nomination for Treasury Secretary, Jack Lew, has been celebrated in the financial community and corporate media. William Black joins us to talk about how the Lew nomination is just another brick in the Wall Street on the Potomac.
CBS turns to benefit-cutting bosses for 'fiscal cliff' commentary
GOP tax claims should be factchecked
Barack Obama's July 9 announcement that he would extend the Bush tax cuts for income below $250,000 prompted the expected response from Republican politicians and presidential candidate Mitt Romney: This is a tax increase on "small businesses." That is false. But most news reports won't say so. The New York Times (7/10/12) told readers that Obama said that 98 percent of households and 97 percent of small businesses would receive a tax cut under his plan. But Republicans said the president’s proposal would amount to a broad tax on small businesses because many business owners report their profits as personal […]
Enforcing neoliberalism through myth
When reality fails to confirm the “truths” held by the international financial establishment, the corporate media can be relied on to concoct more cooperative scenarios. In the real world, Argentina’s economy has been one of the most robust in the world for the past decade. But in the world of corporate journalism, Argentina is an economic rogue on the road to ruin. When its economy is discussed in U.S. corporate media, it’s largely to portray it as an example of national leaders making bad economic choices, a model of what not to do. This is what happened when Argentina recently […]
Where are the retractions from austerity enthusiasts
When the Conservative-led government in Britain announced a budget plan in 2010 based on dramatic austerity measures designed to lower that country’s budget deficit, the news was greeted by many U.S.-based pundits with enthusiasm: Finally, a major economy was going to apply the sort of medicine that Very Serious People agreed was needed. The New York Times’ Thomas Friedman (5/9/10) quoted Economist editor John Micklethwait as saying the British vote of 2010 was the first Western election “based on pain”—and it’s hard not to feel Friedman was taking pleasure in the London-based Financial Times’ declaration (4/26/10) that “the next government […]
Monetary stimulus as crime against nature
If you oppose the idea of restoring the economy by expanding the monetary supply (Extra!, 2/12), you have a ready rejoinder: You can accuse the government of “printing money.” Washington Post columnist George Will (5/9/12) chided, “An axiom of scarcity is understood by people not warped by working for the federal government, which can print money when it wearies of borrowing it.” Investor’s Business Daily’s Mike Getlin (4/25/12) dismissed signs of economic recovery, writing, “The problem is that these improvements are not built on actual wealth invested in these markets, but on printed money created from thin air.” “Whatever restraint […]