Election on the front page, recession on the business page
In the days leading up to the U.S. presidential elections we have not seen the sort of massive drops in the stock market that were daily occurances in previous weeks. Some corporate media have actually begun to talk about loosening of credit. the impact of the reduction in the prime lending rate, and maybe it won’t all be so bad after all.Don’t believe it.
Take a look at the business pages. That’s the one place in the corporate media where you can expect to read the truth, or at least the truth as understood by those who continue to believe that capitalism really is the only viable economic system. [Continued at Two Good Hands]



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