(2011/02/26) Dying for economic justice (Economics)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 27 February 2011
⏱️ 69 minutes
🧾️ Download transcript
Summary
Edition #460
Dying for economic justice
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Act 1: The big bank theory - Daily Show
Song 1: Grapevine fires - Death Cab For Cutie
Act 2: Robbery of the middle class - Ratigan
Song 2: Daylight robbery - Imogen Heap
Act 3: Is the federal deficit actually bad - The Breakdown
Song 3: Starring - Freelance Whales
Act 4: US takes out debt consolidation loan - The Onion
Song 4: Buildings and mountains - The Republic Tigers
Act 5: Cities for sale - Mumia Abu-Jamal
Song 5: The man who sold the world - Nirvana
Act 6: Record profits during recession - Young Turks
Song 6: Great divide - The Cardigans
Act 7: I like big cuts - Daily Show
Song 7: Only if - Enya
Act 8: Obama's budget not progressive - The Progressive
Song 8: Tears and rain - James Blunt
Act 9: Cutting immorality - Jim Hightower
Song 9: My Favourite Game - The Cardigans
Act 10: Economic-induced suicide - Thom Hartmann
Song 9: Take Me Home, Country Roads - John Denver
Act 10: GOP budget cut lie exposed - Young Turks
Song 9: Class warfare - Chris Priest
Act 10: Conservative rule leads to increased suicides - Thom Hartmann
Voicemails:
Youth will save the future - Ken from IL
Nathan from NYC on whether the deficit matters
Voicemail Music:
Loud Pipes - Ratatat
Final comments on whether the deficit matters
Bonus iPhone/iPod Touch App Content:
Obama Lurches Further Right on Economic Policy - The Progressive
Produced by:
Jay! Tomlinson
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Transcript
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| 0:00.0 | This program is made possible by the financial support of listeners just like you for details |
| 0:05.6 | visit the membership tab at bestableleft.com. |
| 0:09.0 | Now welcome to the award-winning Best of the Left Podcast with clips today from the daily |
| 0:12.8 | show, the young Turks, the breakdown, the onion radio news, Mumi Abu Jamal, the progressive |
| 0:18.7 | Jim Heitauer and the Tom Hartman program with a bonus clip for our Apple iOS and Android |
| 0:23.4 | app users from the progressive. |
| 0:27.6 | Financial crisis, that's right, we're still talking about it. |
| 0:34.0 | Our economy has been guided by the Federal Reserve Bank, which is now engaged in a trillion |
| 0:39.2 | plus dollar program to prop up the economy called Quantitative Easing. |
| 0:45.6 | It's not a made up phrase, if that's what you're thinking. |
| 0:52.3 | It's when the Fed buys up government debt with money that they make out of thin air. |
| 0:57.9 | It sounds like they're printing money. |
| 1:01.9 | No, uh. |
| 1:03.5 | One myth that's out there is that what we're doing is printing money. |
| 1:08.0 | We're not printing money. |
| 1:09.4 | See? |
| 1:10.4 | That's Ben Bernanke, the chairman of the Fed. |
| 1:13.1 | We're not printing money, we're imagining money. |
| 1:17.6 | Printing money would be like last year when we were making things quantitatively easier |
| 1:24.2 | for banks by buying up massive amounts of their debt using money created from thin air. |
| 1:32.2 | That was printing money. |
| 1:33.2 | Don't take my word for it. |
... |
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