Destructive Macroeconomic Policy: When the “Fiscal Cliff” Hits An Iceberg…

Saturday, December 15, 2012
By Paul Martin

By Danny Schechter
Global Research
December 15, 2012

2012 has been the l00th anniversary of the famous Titanic disaster. The Captain of that “unsinkable” ship was warned that there were icebergs ahead but he was too busy, out to set a speed record on the way to New York.

The warnings were ignored and we know what happened. What we don’t know is why other urgent warnings go unheeded.

Take the repeated warnings that the easy availability of hand guns and assault rifles would lead to more massacres of innocents. The National Rifle Association operates with impunity (even as it bans weapons in its offices.)

When action is not taken, you increase the likelihood of more deadly incidents like the ones in malls and even elementary schools.

Take the predictions of a storm surge tied to climate change threatening the New York/New Jersey coastline. They were acknowledged but downplayed because right-wingers and their think tanks spent a decade in bogus quibbling about “junk” science.

Now New York City is facing a billion dollar plus clean up bill, and even the small army of the biggest names in rock and roll who did an inspiring benefit for storm victims did not question the denial factor in government and the media.

And now, as the fourth quarter of economic activity tapers down for the holidays, and companies close for the New Year, forecasters avoid making dire predictions for fear of being seen as alarmists or “doom and gloomers.”

Many seem to fear that if they say things will get worse, the very act of saying it may make it happen. Talk about the arrogance of power!

The Rest…HERE

Leave a Reply

Support Revolution Radio