Shamus Cooke: The coast is clear, the media tells us; economic disaster has been averted. The Euro Zone is finally stable and the U.S. economy is recovering. Whew! Why, then, are government policies internationally still pursuing extremist measures?
Only a few commentators, including the president, seemed to sheepishly realize the irony of his receiving the prize shortly after escalating one war and while continuing to fight another. You would have thought that the escalation alone would have been enough to satisfy all of the warheads at home; but to stanch the domestic fallout from being associated with too much peace, Obama, when accepting the peace award, gave a speech defending war.
As he refines his economic message on the campaign trail this summer, Republican John McCain has made it clear that, previous positions notwithstanding, he has now embraced the Republican economic orthodoxy: eliminate regulation, cut taxes on corporations and the wealthy, and the free and unfettered market will take care of everything. This economic formula was [...]