Austerity Hastens Economic Decline

August 12th, 2012

by Stephen Lendman

Obama and other Western leaders face Depression conditions. Roosevelt addressed them in the 1930s. Imagine how austerity then would have imposed greater hardships.

Instead Americans got Social Security, homeowners loan refinancing, and moratoriums on foreclosures. Small farmers were helped unlike current subsidies earmarked for agribusiness.

Farm credit provided refinancing help. Doing so let many stay solvent and survive. Unemployment insurance was established in partnership with states. Jobless workers got help. Now they're being told go find a job. We won't help you. More on that below.

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The war on Iran is already underway

August 12th, 2012

Kourosh Ziabari

Economic sanctions, psychological warfare, media propaganda, threats and assassinations; what other sort of evidence one may need to believe that the United States, Israel and their European allies have already started their much liked war against Iran and that this unjustifiable war is taking its toll on the innocent, ordinary Iranian citizens?

They say that they have a problem with Iran's nuclear program; that Iran's nuclear activities aren't transparent; that they fear Iran may one day develop nuclear weapons; that Iran may some day drop atomic bombs on Israel and that Iran poses a threat to global peace and security.

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Israel's Neoliberal Hammer Strikes

August 12th, 2012

by Stephen Lendman

In America and across Europe, austerity is official policy. It's also true in Israel.

Among developed countries, America, Britain, and Israel are the most socially unjust. Street protests rail against public policy. Favored corporations and rich elites alone benefit. Most Jews suffer, Israeli Arabs most of all.

Worse ahead is planned. Growing needs and public anger are ignored. On July 30, Israel's cabinet approved sweeping budget cuts and tax hikes on top of earlier ones imposed. More are planned next year. Ordinary Israelis feel it most. Neoliberal policies demand it.

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