On the Edge with Max Keiser- US economic crisis w/ Dr Michael Hudson, 'Obama is a Republican"

[stockholmer]

Run time: 23:14 https://www.youtube.com/watch?v=bC-EQM7YHz0   Posted on YouTube: August 20, 2011 By YouTube Member: PressTVGlobalNews Views on YouTube: 313   Posted on DU: August 21, 2011 By DU Member: stockholmer Views on DU: 3751

 
In this edition of On the Edge, Max Keiser interviews Michael Hudson from Michael-Hudson.com

He talks about the US economy and debt crisis as we approach the 2012 presidential elections.

[jaxx]

1. Iranian TV?

[salib]

2. Oooooooooh!

I guess this is from the "enemy".

Have you really bought into that?

[Enthusiast]

13. This OP should get hundreds of recommendations.

If we want to understand why the nation has gone to hell all we have to do is watch this video clip. This is the reason we have to throw Obama out of office. He is assisting the Republicans in their efforts at every turn. This should be apparent to even the most gullible among us by now.

[dotymed]

3. Truth TV n/t

[DeSwiss]

4. K&R!!!

''The problem, really, is idiotic attempts at “triangulation.” When Bill Clinton first adopted the strategy on 1992 and onwards, it worked remarkably well for him, and drove the GOP nuts, because he had adopted and claimed credits for many of their ideas (i.e. Welfare reform) while allowing him to push his own policy objectives (i.e. tax policy).

Since then, however, the GOP has learned to “game” the triangulation strategy. It’s simple. Triangulation is just another word for “meeting the opposition half way.” If you are in the opposition and want to successfully counter (or game) your opponent’s triangulation strategy, all you need to do is move so absurdly to the right that your opponent’s “triangulation” position falls precisely where you want it to fall. Instead of your opponent playing you, you are now playing him.

I only half-blame Bill Clinton for this. He may have been the first to successfully implement the strategy, but it’s a lack of imagination on the part of recent Democrats that they continue to rely on the strategy, even as it’s painfully obvious that it’s working against them.''

http://www.stinque.com/2011/07/08/have-we-been-sold-out-yet/#comment-115858">STINQUE.com - ~Serolf Divad

[truedelphi]

5. K & R and to mark for viewing tomorrow. n/t

[pam4water]

6. Marked to watch later.

[ljm2002]

7. This is a really good segment...

...that describes the Chicago School of Economics and how it differs from classical economics. Mainly, it fails to differentiate between productive capital vs. non-productive capital, thus opening the door to what we have now, which is casino capitalism.

K&R

[swilton]

8. Not only is the Chicago School associated with

Milton Friedman and neo-liberal economics, it is also associated with Leo Strauss and neo-colonialism - a la William Crystal, Paul Wolfowitz and their ilk.

[mckara]

16. Current Accepted Economic Models ARE the Problem!

The perpetuation of neo-liberal fallacies will only prolong our economic malaise and damage the lives of more people.

[Puget Progressive]

22. I agree

the Chicago School of Business has a lot to answer for. What do you expect from a university that was co-founded by John D. Rockefeller.

[MrMickeysMom]

9. K&R always to this stuff...

[Butch350]

10. This not true - there is no such thing as...

Republicans - Democrats. That's the delusion you're all trapped in.

Why, oh why, didn't I take the blue pill ?

[stockholmer]

11. of course Republicans and Democrats are 2 sides of the same coin, the US political 2 party system

is a pure false-paradigmical sham.



The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can "throw the rascals out" at any election without leading to any profound or extreme shifts in policy.

- Carrol Quigley, Tragedy and Hope (1966)

[dixiegrrrrl]

17. You are most definitely on my buddy list now.

[emilyg]

12. kick

[JDPriestly]

14. This is great. I say this over and over: Obama is a Republican.

Finally someone explains what I mean in proper terminology.

Precisely.

Max, your shows are always great. But this was maybe the very best ever.

First time I have heard this view about what Obama did as "community organizer" in Chicago. I have suspected this. He seems to actually have very little experience as a lawyer.

I bet he worked in CRA (Community Redevelopment law).

A lot of idealistic people get into that area but become utterly disillusioned and leave it when they realize that they are really just working for developers. It sounds so great to clean up a neighborhood and put in better housing, and then you realize that some heretofore free-of-charge municipal recreation area is being "redeveloped" for the use of paying customers and the profit of the investors -- and you are the tool being used to "improve" the neighborhood for the wealthier by excluding the poor.

[Kaleko]

15. Incredibly illuminating.

This is must-watch TV. for anyone who wants to get the big picture.

I'll kick this to high heaven.

[swilton]

18. All one has to do is to look at Obama's staff

and see all of the neo-cons shaping his foreign and economic policies.

What Obama’s Closest Advisors Reveal About Him

http://motherjones.com/politics/2011/08/obama-real-politics-revealed-cabinet-members

The Chicago School was also the school of neo-conservatism - Leo Strauss, Irving Crystal, Paul Wolfowitz, et. al.

[defendandprotect]

20. Exactly .... The Emperor was Wearing No Clothes from the first days ---

which is why it was so essential for so many here to try to deny it for so long!

[NobodyInParticular]

19. Obama, the World's Best Salesman: Bait and Switch still works--

Held the progressive agenda as bait to the electorate. Switched and brought home the bacon to Wall Street.

[Kaleko]

23. ... a magnificently gifted pied piper.

He fooled me.

Until he appointed Geithner to guard the US Treasury. That woke me up.

[banned from Kos]

21. this is a complete load of horse-shit

"Obama's plan is to reduce US GDP by 10% a year" - at the 7 minute mark was about the 10th lie he told.