Nov 26 2012

CEO Evening News?

CBS turns to benefit-cutting bosses for 'fiscal cliff' commentary

CEO Evening News

CBS Evening News has decided the best experts on the “fiscal cliff” are corporate CEOs who want to cut Social Security and Medicare. Let’s tell them what we think about that.

Jul 12 2012

Small Business Baloney

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 […]

Jul 01 2012

Fantasy Economies

Enforcing neoliberalism through myth

Irish anti-austerity protest (StreetsOfDublin.com)

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 […]

Jun 01 2012

The Great British Mistake

Where are the retractions from austerity enthusiasts

Thomas Friedman

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 […]

Jun 01 2012

The ‘Printing Money’ Phobia

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 […]

May 25 2012

Dana Frank on Honduras, Gary Rivlin on Economic Hardship Reporting Project

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Download MP3 This week on CounterSpin: The story of DEA involvement in the killing of four civilians in Honduras on May 11, provides a compelling opportunity to look at the broader U.S. role in a country that is being torn apart by an escalating drug war. We’ll talk with historian and Honduras-watcher Dana Frank, about what’s happening there and how the media are covering it. Also on the show: Americans have become used to a media conversation in which the idea that poor people’s problem is that they have too much is deemed a legitimate point of argument, and the […]

May 11 2012

Gareth Porter on bin Laden raid, Pamela Brown on student debt

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Download MP3 This week on CounterSpin: The one year anniversary of the NAVY Seal raid that killed Osama bin Laden brought us a prime time behind the scenes at the White House account on NBC, leaks from bin Laden intelligence files about his new terror schemes and a tiresome debate over whether Barack Obama could claim credit for the killing– and if so, how. But there are bigger questions–namely, do the stories that surround the killing of Osama bin Laden add up? Gareth Porter challenges some of the official mythmaking in a new piece for Truthout he’ll join us to […]

May 04 2012

Jonathan Chait on Paul Ryan, Brentin Mock on vote fraud

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Download MP3 This week on CounterSpin: Republican Congressman Paul Ryan, we’re told over and over again, is a serious budget wonk on a mission to reduce the deficit. Not quite, says New York magazine reporter Jonathan Chait. He argues that Paul Ryan’s political history doesn’t really resemble the Paul Ryan you hear about in the media. He’ll join us to talk about that. Also on CounterSpin today, Voter fraud is almost non-existent in the U.S. but conservatives continue to brandish it as a major threat, in order to advance voting policies that many say threaten democracy. Brentin Mock is the […]