Some more MUST-READ’s…

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The Washington Post (Richard Cohen): The Ugly New McCain

Following his loss to George W. Bush in the 2000 South Carolina primary, John McCain did something extraordinary: He confessed to lying about how he felt about the Confederate battle flag, which he actually abhorred. “I broke my promise to always tell the truth,” McCain said. Now he has broken that promise so completely that the John McCain of old is unrecognizable. He has become the sort of politician he once despised…

The Huffington Post (John Cusack): The Final Distraction: McCain/Palin Worse Than Bush

We all know McCain has sold his soul to win. Big mistake: the Democrats are taking the GOP bait, especially on Palin. She is the ultimate distraction. If we’re not careful she’ll be the final distraction. The perfect new celebrity — Sarah Barracuda — to capture the message in the 24-hour spin orgy, all the while attacking Obama as an elite celebrity. Any narrative that focuses on her — any — is a win for Republicans, carrying an undercurrent of race wars, gender wars, class wars. All ending with a debate on God and a return visit to Rev. Wright.

Palin is a gateway drug to a back-alley brawl Obama can’t win. A Joseph Conrad-produced reality show/sitcom with Palin replacing Roseanne Barr fighting for the little guy with sass and sex. Wonderful…

The New York Times (Bob Herbert): McCain’s Radical Agenda

Talk about a shock to the system. Has anyone bothered to notice the radical changes that John McCain and Sarah Palin are planning for the nation’s health insurance system?

These are changes that will set in motion nothing less than the dismantling of the employer-based coverage that protects most American families…

Truthout: Wall Street Crisis Is Culmination of 28 Years of Deregulation

No one cog in the federal government’s machine of financial regulation let down the country by failing to prevent the latest shakeout on Wall Street. The entire system did…

OpEdNews (Paul Craig Roberts): US Economy: Rudderless and Reeling From Direct Hits

[..] Most Americans, including the presidential candidates and the media, are unaware that the US government today, now at this minute, is unable to finance its day to day operations and must rely on foreigners to purchase its bonds. The government pays the interest to foreigners by selling more bonds, and when the bonds come due, the government redeems the bonds by selling new bonds. The day the foreigners do not buy is the day the American people and their government are brought to reality.
This is not the financial position of a superpower. [..]

Truthdig (E.J. Dionne): McCain’s Political Games Can’t Compete With an Economic Meltdown

The stakes in this year’s election went way up this week. The days of Paris, Britney and the exploitation of divisions around race, gender and religion are over…

ThinkProgress: Krugman: Phil Gramm would be ‘just the guy’ to lead us into a Great Depression.

Last night on MSNBC’s Countdown, New York Times columnist and Princeton economics professor Paul Krugman pinpointed Phil Gramm as one of the architects of the current financial crisis, and the “odds-on favorite to be the Treasury Secretary” in a McCain administration. Asked by Olbermann what Gramm’s nomination would mean for the economy, Krugman suggested it could lead to another Great Depression:

KRUGMAN: Ben Bernanke and I think Hank Paulson understand that we could manage to have another Great Depression if we work at it hard enough. I think Phil Gramm might be just the guy to do it.

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