— Even as paid coupista apologists write panegyrics on Micheletti’s behalf in the US media, his gang has no kicked out TeleSUR, the last truly reliable TV network reporting on the ground in Honduras. This is an ominous sign and indicates that the coup plotters are planning to seriously up the violence factor.
— The US trade gap is still narrowing, and is now at its smallest amount since November of 1999; even though we’re importing more from China, we’re importing far less overall.
This is seen as an example of the weakness of the US economy. That could be so, but there is also this hypothesis: The fuel price shock of last year, which I suspect was one of the triggers of the worldwide collapse of the economy, suddenly made it a lot more costly to import things to the US. Up until last summer, it cost around $2000 to $3000 to ship a standard container to the US. As of September of last year, it cost from $7000 to $9000. Even though the price of oil has dropped in the wake of the collapse, it’s still not cheap enough for shell-shocked overseas economies to be able to start importing things on a pre-collapse scale. So while we’re weak, other economies are much weaker still.
— The current favorite right-wing revisionist history talking point being dutifully transmitted by conservative media writers (and thus e-mailed among hardcore conservatives) is that Sarah Palin was being attacked from the get-go by the US media. TPM’s Josh Marshall takes a little time to blow that sucker to smithereens.
Like this:
Like Loading...
