Monday, February 22, 2010

NEW: Brian Duffy Cartoon - Photos - KCCI Des Moines

NEW: Brian Duffy Cartoon - Photos - KCCI Des Moines

Trento’s Take: Fox News Can’t Upset Murdoch’s Saudi Prince

Last month I appeared on Fox News Network’s morning show, Fox and Friends, to talk about airline security. Normally such appearances end up as clips on the Fox News Web site. Granted, the Steve Doocy interview was hardly groundbreaking, but that is seldom a criterion for feeding the beast that is a major cable network news Web site. Curiously, I was quoted in a written piece on the site that got a fair amount of pick-up, but no video.
It was not until a few days later that I learned what may have been behind the absence of a video clip on the Web site. I had said to Doocy that Saudi Arabian money was still financing Al Qaeda. Doocy did not react to my comment. But ten days later I learned that Fox’s parent company, News Corporation, was, at the time of my interview, negotiating with a Saudi prince to vastly increase his stake in the company.

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Monday, February 01, 2010

Move Your Politicians

In the Nineteenth Century populism was characterized by first anger and then legislative action against banks, monopolies and the railroads. Among the leaders of the populist movement were Democrat William Jennings Bryan, socialist Eugene V. Debs and Republicans Robert La Follette and Theodore Roosevelt.

The true evil genius of today's banksters, monopolists and investors is that through organizations they bank roll, Grover Norquist's Americans for Tax Reform, The Cato Institute and so on, and especially their control of the "mainstream media" featuring right wing mouthpieces like Glenn Beck and Rush Limbaugh populism has been turned on its head. Through decades of propaganda, beginning as far back as the Nineteen Fifties, working class resentment at the inherent unfairness and inequality of the capitalist system has been refocused and reframed on the one institution which has the power to control the excesses of Wall Street, the federal government.

Moving accounts from one of the "too big to fail" maga banks into community banks and local credit unions will send a message to Wall Street, especially if the Wall Street investors see their profit margins decline. However this will be only a temporary palliative for the banksters will merely alter their method of doing business for a time to recapture business lost to CUs and small community banks, then it will be back to business as usual.

The reason governments exist at all is to control the economy. This government has shirked that responsibility for far too long.
Read the Article at HuffingtonPost