Monday, November 15, 2010

One-Two CounterPunch: Michael Hudson and Paul Craig Roberts

Michael Hudson and Paul Craig Roberts have new pieces up today over at CounterPunch.

Hudson goes for the jugular in his piece, which is entitled "Obama's Greatest Betrayal: The Coming Sell-Out to the Super Rich and What it Means for the Rest of Us."  I've only skimmed it, but there are some tasty nuggets in it, like this one:

Baudelaire quipped that the devil wins at the point where he manages convince the world that he doesn’t exist. Today’s financial elites will win the class war at the point where voters believe it doesn’t exist – and believe that Obama is trying to help them rather than shepherd them into debt peonage as the economy settles into debt deflation.
Where Hudson is focused strictly on domestic policy, Paul Craig Roberts turns his attention to the latest news out of Burma to illustrate "The Stench of American Hypocrisy."  The opening paragraph is devastating:

Ten years of rule by the Bush and Obama regimes have seen the collapse of the rule of law in the United States. Is the American media covering this ominous and extraordinary story? No the American media is preoccupied with the rule of law in Burma (Myanmar).
On civil liberties issues, Paul Craig Roberts is like Glenn Greenwald, but with a spine and a clenched fist.