Fiscal Cliff An Artificial Crisis

Michael Hudson: Fiscal cliff was manufactured to shift more of the burden of the crisis onto ordinary people

(Video) JAY: So are we going off the cliff?
HUDSON: Well, there isn't any cliff to go off, but for people who believe that a crisis is an opportunity, in order to get the opportunity to shift the taxes more onto the middle class, they have to call it a crisis. Of course, there's no crisis at all.
JAY: Okay. Well, they say there is, 'cause they say there's going to be these automatic massive cuts to the military and there's going to be these massive cuts to ... Full Story »

Posted by Doug Greer
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Posted by: Posted by Doug Greer - Nov 27, 2012 - 10:08 AM PST
Reviewed by: Doug Greer (review)
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Edited by: Doug Greer - Nov 27, 2012 - 10:11 AM PST

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Doug Greer
5.0
by Doug Greer - Nov. 27, 2012

The corporate media constantly parrots economic propaganda. Only truly independent news organizations report the reality. This interview of Michael Hudson speaks truth to power by giving an economic point of view based on reality not economic dogma.

HUDSON: Yeah, I think that’s correct. This is a Republican plan. I don’t think it’s the Democratic plan to support ... More »

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