‘Dog Days’ for US Economy

[marmar]

from Consortium News:



‘Dog Days’ for US Economy
August 6, 2011

The debt-ceiling crisis has revealed that Republicans have found a valuable hostage and Democrats have shown they will pay the ransom. So, the prospects that the federal government will address other problems, like joblessness and a staggering middle class, are even dimmer, as Danny Schechter notes.

By Danny Schechter


Now that the debt drama is over for the moment, we can all safely retreat in what was once called the “Dog Days Of Summer” and chill out if the volatile weather allows us to.

We can think back to that old song, “Summer time and the living is easy” even as we all know that for millions “the living” is anything but.

The House and Senate have become ghost-like chambers because all their members, so filled with strident indignation and inflexible talking points just a week ago, are now off on their paid vacations hyping their political war stories to grandchildren.

Imbued with a sense of triumph, the Tea Party is huddling to come up with ongoing tactics to hold the system hostage while the party leaders plan the new “Super committee” with 12 chosen acolytes (how Biblical, that number 12!) to map the next round of fiscal blood-lettering. .............(more)

The complete piece is at: http://consortiumnews.com/2011/08/06/dog-days-for-us-economy/