Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 8 (8 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Article Stats   6 comments

General News

TIME TO CHANGE BERNANKE'S MEDICATION? Secret White House letter to G-20

By (about the author)     Permalink       (Page 2 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; , Add Tags  (less...) Add to My Group(s)

Must Read 1   Well Said 1   Supported 1  
View Ratings | Rate It

opednews.com Headlined to H2 9/22/09

Become a Fan
  (51 fans)
It's not that the White House completely ignores job losses. The US letter suggests, "The G-20 should commit to ...income support for the unemployed." You can imagine the Europeans, who already have generous unemployment benefits--most without time limits--turning purple over that one. America's stingy unemployment compensation extension under the Stimulus Plan is already beginning to expire with no live proposal to continue aid for the jobless victims of this recession.

The Europeans are so cute when they're angry, when they pound their little fists. Obama assumes he can ignore them. The EU, once the big player in the G-7, has seen its members' status diluted into the G-20, where the BRIC powers (Brazil, Russia, India and China) now flex their muscle. But Europeans have a thing or two to teach Americans about the economics of the twilight of empire.

Maybe the differences are cultural, not economic; that Europeans lack America's Manifest Destiny can-do optimism.

So, to give the visitors a taste of the yes-we-can spirit, Obama should invite Pittsburgh's 93,700 jobless to the G-20 meet to celebrate that 35% rise in the stock market.

Or -- my own suggestion -- change Bernanke's medication.

********



For the entirety of the White House-EU exchange, go to GregPalast.com.
Greg Palast is the author of The Best Democracy Money Can Buy.
Palast wrote the column, "Inside Corporate America" for the business section of Britain's Observer newspaper.
Sign up for Palast's investigative reports at www.GregPalast.com and subscribe to Palast's podcast.

Next Page  1  |  2

 

Take action -- click here to contact your local newspaper or congress people:
The Crisis is NOT over.

Click here to see the most recent messages sent to congressional reps and local newspapers

http://www.gregpalast.com

Author of the New York Times and international bestsellers, The Best Democracy Money Can Buy and Armed Madhouse, Palast is Patron of the Trinity College Philosophical Society, an honor previously held by Jonathan Swift and Oscar Wilde. Palast (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

UAW Files Charges Against Romney for Auto Bail-Out Profiteering

Aaron Swartz Died For Piers Morgan's Sins

The Confidential Memo at the Heart of the Global Financial Crisis

The Right Testicle of Hell: History of a Haitian Holocaust

Obama is a two-faced liar. Aw-RIGHT!

TIME TO CHANGE BERNANKE'S MEDICATION? Secret White House letter to G-20

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
4 people are discussing this page, with 6 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Great, Wall Street is somewhat healthy again, and ... by William Cormier on Tuesday, Sep 22, 2009 at 2:57:40 PM
...great to be an American, I mean.But that was be... by Jennifer Hathaway on Tuesday, Sep 22, 2009 at 3:31:55 PM
Ever since the US economy decoupled from physical ... by Dick Thomson on Wednesday, Sep 23, 2009 at 8:54:06 AM
Dick, you're so exactly correct.The Magical Thinki... by Jennifer Hathaway on Wednesday, Sep 23, 2009 at 12:07:04 PM
thats all Bernanke, Summers, Geithner, Paulson hav... by Susan Nelsen on Wednesday, Sep 23, 2009 at 1:15:46 PM
After reading Ellen Brown's article, LANDMARK DECI... by William Cormier on Wednesday, Sep 23, 2009 at 3:18:48 PM