Tag: Barry Grey

Liberalism and Wall Street

Original article, by Barry Grey, via World Socialist Web Site:

In an op-ed piece published January 10 entitled “The Other Plot to Wreck America,” New York Times columnist Frank Rich denounces the criminal actions of Wall Street executives and the official cover-up of their operations. He correctly asserts that the havoc created by the bankers poses a threat to the American people “on a more devastating scale than any Al Qaeda attack.”

Obama jobs summit: “No money for jobs”

Original article, by Barry Grey, via World Socialist Web Site:

Thursday’s White House summit on jobs was an open display of the callousness and indifference of President Barack Obama and the American corporate elite to the plight of the working class.

Obama’s health care counterrevolution

Original article, by Kate Randall and Barry Grey, via World Socialist Web Site:

The New York Times is spearheading the campaign for President Obama’s health care proposals. His drive for an overhaul of the health care system, far from representing a reform designed to provide universal coverage and increased access to quality care, marks an unprecedented attack on health care for the working population. It is an effort to roll back social gains associated with the enactment of Medicare in 1965.

CIT crisis threatens wave of business failures and layoffs

Original article, by Barry Grey, via World Socialist Web Site:

The Obama administration has refused to provide government backing for outstanding debt or other emergency aid to CIT, a New York-based bank that finances nearly one million small and midsize companies in the US.

The AFL-CIO and “nationalization”

Original article, by Barry Grey, via World Socialist Web Site:

The AFL-CIO Executive Council, at its annual winter meeting in Miami Beach, Florida, adopted a resolution Thursday urging the Obama administration to temporarily nationalize failing banks. What is the significance of this policy statement? Does it represent a radical reorientation by the AFL-CIO, which, after all, has been throughout its history an implacable foe of socialism and defender of the profit system?