Obama Address: Budget Debate

Obama Address: Budget Debate



President Barack Obama said Saturday that "nothing can be off-limits" in the budget debate even though Republicans have said tax increases are. (July 2)







We can all make sacrifices? INSULTING! Especially when he gave billions of dollars in the form of corporate welfare to his buddies on wall st. who helped him get elected in the first place. Where was their accountability at when push came to shove you corporate fucking lackey? Bush was awful, but Obama is definitely pushing the awful meter to its threshold.

New Yorkers protest budget cuts

New Yorkers protest budget cuts

Bloombergville activists sit in at 250 Broadway to resist the city council budget cuts against workers and communities of NYC.

Courtesy Peoples Video Network www.peoplesvideo.tv and workers.tv

Obama cuddles up to Wall Street

Obama cuddles up to Wall Street


In Washington DC, there are many relationships being formed between Wall Street and US politicians. Half way through President Obama's first term, what has he shown as a result of his economic policies with an economy still sputtering? Author Les Leopold says President Obama's Administration is filled with ex-Wall Street bankers, which solidifies the obvious; Obama has no intention of a Wall Street crackdown. He is going to let the largest banks get bigger, they are going to walk off with wild profits and bonus' and he is going to hope it doesn't crash on his watch

USA-- Credit Card Nation

USA-- Credit Card Nation


While compulsively shopping is not a mental disorder, the US has dozens of therapy groups and clinics for those willing to admit they are hooked on spending. Author Dr. Robert Manning says, "We have a decline in real income in America, we have had an expectation that credit isn't an earned privilege but rather it is an entitlement of American society.

US shopaholics -- In debt we trust

US shopaholics -- In debt we trust

Shopping is as American as apple pie or at least that is what credit card companies would have you believe. As Americans continue to go deeper in debt, why do people continue to shop with a credit card? Blogger and Filmmaker Danny Schechter says this society is organized around consumption not production, it's the thing to do and something people are encouraged to do and of course, the credit card companies make it easier because they lend you the money upfront.

Put main street before Wall Street

Put main street before Wall Street


America spends as much as every other country combined on their defense, yet the American people continue to suffer without jobs and hope. With Wall Street receiving record bonuses, what can be done? Professor and Economist Michael Hudson says the press and the media are not telling people that there is another alternative, put main street before Wall Street, it seems simple enough.

Corporate America screwing the little guy

Corporate America screwing the little guy

As the American unemployed continue to struggle, Wall Street is making record profits and shelling out huge bonuses. With the US government is spending billions on wars abroad but neglecting its own people at home the holiday season looks bleak. Economist Max Fraad Wolff says because so many people are without a job, the social division between profits and wages has tilted further towards profit

Congress leaves unemployed Americans in the cold

Congress leaves unemployed Americans in the cold

Hundreds of thousands of Americans will see their federal unemployment benefits expire this week, and millions more by the end of the year, just in time for the holiday season. Economist Max Fraad Wolff says there is a lot of room to cut the deficit instead of these benefits, starting with military which spends more than half the world's defense budget

US Congress refuses to extend unemployment benefits

US Congress refuses to extend unemployment benefits


Extended unemployment benefits for nearly 2 million Americans begin to run out Wednesday, cutting off a steady stream of income and guaranteeing a dismal holiday season for people already struggling with bills they cannot pay. Daniel Vision from the National Inflation Association says the United States economy will never recover as long as the government continues to distort the economy with economic programs like cash for clunkers.