Back to Big Media’s Political Circus

[marmar]

from Consortium News:



Back to Big Media’s Political Circus
August 16, 2011

As the United States careens toward another economic crisis, the big-time U.S. news media is back to trivializing politics as some inconsequential sporting event where the competing sides score points measured by daily tracking polls. Danny Schechter dissects the madness.

By Danny Schechter


And so it came to pass – as predicted, projected and warned about – that the economy is about to tank again.

No less an authority than Nouriel Roubini, once dismissed as “Dr. Doom” for his accurate predictions of the financial crisis in 2007 and 2008, is again shaking his head and pointing his finger.

In intellectual circles, there’s more and more talk about the fall of America. Even Noam Chomsky, who wrote some of his 150 books about the rise of the American empire, sees the handwriting on the wall.

The wags at the New York Times are monitoring what looks like an impending collapse. On one page, you read: “Data released on Friday leaves little doubt that the European economy is losing momentum before most countries have even recovered to the level of output they had in 2008, when the recession hit.” ..............(more)

The complete piece is at: http://consortiumnews.com/2011/08/16/back-to-big-medias-political-circus/