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	<title>Comments on: The Credit Crisis Is Becoming A Political Battleground</title>
	<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/</link>
	<description>As The Media Watches The World, We Watch The Media</description>
	<pubDate>Fri, 29 Aug 2008 05:23:34 +0000</pubDate>
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		<title>by: azithrom</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20864</link>
		<pubDate>Wed, 16 Jul 2008 15:16:44 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20864</guid>
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		<title>by: azithrom</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20860</link>
		<pubDate>Wed, 16 Jul 2008 12:52:38 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20860</guid>
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		<title>by: azithrom</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20850</link>
		<pubDate>Wed, 16 Jul 2008 08:12:35 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20850</guid>
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		<title>by: azithrom</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20849</link>
		<pubDate>Wed, 16 Jul 2008 07:21:14 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20849</guid>
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		<title>by: azithrom</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20835</link>
		<pubDate>Wed, 16 Jul 2008 01:45:37 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20835</guid>
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		<title>by: jairmacouro</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20824</link>
		<pubDate>Tue, 15 Jul 2008 23:05:28 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20824</guid>
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		<title>by: azithrom</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20813</link>
		<pubDate>Tue, 15 Jul 2008 21:00:35 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-20813</guid>
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		<title>by: Gerry Gold</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-8513</link>
		<pubDate>Wed, 05 Dec 2007 16:45:48 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-8513</guid>
					<description>Suddenly, it seems, those who should have been in the know all along have discovered the scale of the crisis sweeping through the financial markets and on into the real, productive economy – not just in the US but throughout the world. In a shocking admission of the uselessness of the economic models used by forecasters, Former US Treasury Secretary Lawrence Summers says “we do not have comparable experiences on which to base predictions about what this will mean for the overall economy”. Put another way, the people who supposedly run the economy have no idea what the future holds.

Jesse Jackson’s march on Wall St helps to publicise the effects on the millions experiencing or threatened by the loss of their homes. But it has as much chance of stopping the financial tsunami as King Canute’s attempt to hold back the sea.

As we explain in our just-published book A House of Cards the financial and economic crisis has the same roots as the planetary emergency caused by climate change. The short 82-page book lays bare the intimate, mutually-dependent connection between the emergence of a web of transnational corporations during the period of global growth, and the vast clouds of credit and debt needed to make it happen.

There’s no pleasure in history proving us right, but it does mean that we’re able to see beyond the current crisis. A House of Cards offers the outlines of solutions based on collective ownership, self-management and replacing the profit motive with production for need. Get yourself a copy!</description>
		<content:encoded><![CDATA[<p>Suddenly, it seems, those who should have been in the know all along have discovered the scale of the crisis sweeping through the financial markets and on into the real, productive economy – not just in the US but throughout the world. In a shocking admission of the uselessness of the economic models used by forecasters, Former US Treasury Secretary Lawrence Summers says “we do not have comparable experiences on which to base predictions about what this will mean for the overall economy”. Put another way, the people who supposedly run the economy have no idea what the future holds.</p>
<p>Jesse Jackson’s march on Wall St helps to publicise the effects on the millions experiencing or threatened by the loss of their homes. But it has as much chance of stopping the financial tsunami as King Canute’s attempt to hold back the sea.</p>
<p>As we explain in our just-published book A House of Cards the financial and economic crisis has the same roots as the planetary emergency caused by climate change. The short 82-page book lays bare the intimate, mutually-dependent connection between the emergence of a web of transnational corporations during the period of global growth, and the vast clouds of credit and debt needed to make it happen.</p>
<p>There’s no pleasure in history proving us right, but it does mean that we’re able to see beyond the current crisis. A House of Cards offers the outlines of solutions based on collective ownership, self-management and replacing the profit motive with production for need. Get yourself a copy!
</p>
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				</item>
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		<title>by: davy</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-8465</link>
		<pubDate>Tue, 04 Dec 2007 12:12:27 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-8465</guid>
					<description>On the money :-) Danny AND both comments.</description>
		<content:encoded><![CDATA[<p>On the money :-) Danny AND both comments.
</p>
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		<title>by: Bill Murray</title>
		<link>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-8451</link>
		<pubDate>Mon, 03 Dec 2007 22:37:09 +0000</pubDate>
		<guid>http://www.mediachannel.org/wordpress/2007/12/03/the-credit-crisis-is-becoming-a-political-battleground/#comment-8451</guid>
					<description>I appear to many of my acquaintances as a kvetch when I discuss the Bush administration and I agree with their assessment. After seven years of "leadership" just what has been accomplished? The credit crisis is only one element of the Bush administration's multiple failures. When I review the outcome or results of the decisions made during the Bush administration tenure, most all have had negative impact, not only on our country but the world as a whole. To address just a few...
 
The attack of Afghanistan: The majority of the country is now controlled by the Taliban and we are on the verge of losing the whole country. The man we went after, Osama Bin Laden, is still alive and apparently still very effective.
 
The invasion of Iraq: Civil war is ongoing. There are over two million Iraqi refugees, the country's infrastructure  was destroyed, and there was a loss of tens of thousands of lives.
 
Pakistan and the support of a dictator: The administration befriended and supported a man (Musharraf) who obviated his country's Constitution and took over the country by force; yet we continue to financially support him.  
 
Middle east foreign policy: Our foreign policy in the middle east and the attack of Iraq has not only exacerbated terrorism but has created a hatred for the US throughout the area.
 
Turkey: It has deteriorated our relationship with Turkey because we gave the Kurds in eastern Turkey the opportunity to strive for their independence . 
 
Impact on Europe and most of the world: Our policies have turned most of Europe and the world against us because of our unjustified attack of Iraq.
 
Russia: It has turned an amicable relationship to one of conflict by its plans for missile sites in eastern Europe.
 
Its impact on the US: It failed to take timely action to support the people of New Orleans after the disaster. It has created a major budget deficit. It has taken away many of our civil rights. It has created a more inequitable distribution of our nations wealth by its tax policy. It has let our infrastructure deteriorate while we spend billions on foreign wars with no return on investment. It has done more in an attempt to integrate church and state than any other administration.
 
I agree with my critics; I am a kvetch, but in the case of a strong dislike for this administration, a justifiable one.</description>
		<content:encoded><![CDATA[<p>I appear to many of my acquaintances as a kvetch when I discuss the Bush administration and I agree with their assessment. After seven years of &#8220;leadership&#8221; just what has been accomplished? The credit crisis is only one element of the Bush administration&#8217;s multiple failures. When I review the outcome or results of the decisions made during the Bush administration tenure, most all have had negative impact, not only on our country but the world as a whole. To address just a few&#8230;</p>
<p>The attack of Afghanistan: The majority of the country is now controlled by the Taliban and we are on the verge of losing the whole country. The man we went after, Osama Bin Laden, is still alive and apparently still very effective.</p>
<p>The invasion of Iraq: Civil war is ongoing. There are over two million Iraqi refugees, the country&#8217;s infrastructure  was destroyed, and there was a loss of tens of thousands of lives.</p>
<p>Pakistan and the support of a dictator: The administration befriended and supported a man (Musharraf) who obviated his country&#8217;s Constitution and took over the country by force; yet we continue to financially support him.  </p>
<p>Middle east foreign policy: Our foreign policy in the middle east and the attack of Iraq has not only exacerbated terrorism but has created a hatred for the US throughout the area.</p>
<p>Turkey: It has deteriorated our relationship with Turkey because we gave the Kurds in eastern Turkey the opportunity to strive for their independence . </p>
<p>Impact on Europe and most of the world: Our policies have turned most of Europe and the world against us because of our unjustified attack of Iraq.</p>
<p>Russia: It has turned an amicable relationship to one of conflict by its plans for missile sites in eastern Europe.</p>
<p>Its impact on the US: It failed to take timely action to support the people of New Orleans after the disaster. It has created a major budget deficit. It has taken away many of our civil rights. It has created a more inequitable distribution of our nations wealth by its tax policy. It has let our infrastructure deteriorate while we spend billions on foreign wars with no return on investment. It has done more in an attempt to integrate church and state than any other administration.</p>
<p>I agree with my critics; I am a kvetch, but in the case of a strong dislike for this administration, a justifiable one.
</p>
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