How many Americans know that America has privatized prisons, the shares of which are listed on stock exchanges? Free market ideologues provided cover for corrupt Republican politicians to divert taxpayers’ hard-earned money to favored political insiders with the false claim that prisons run by private owners are more cost effective. A Mother Jones reporter took a job as a private prison guard and found that private prisons are places of unimaginable violence.
by Zach Carter, Media Consortium MediaWire Blogger
President Barack Obama unveiled his administration's plan to fight foreclosures on Wednesday. Unfortunately, the most important element of the program will require Congressional action—and the banking and business lobbies are already on the attack. The Homeowner Affordability and Stability Plan has three chief components:
by Zach Carter, Media Consortium MediaWire Blogger
In this week's Audit, we're examining Treasury Secretary Timothy Geithner's thoroughly uninspiring bank bailout plan, which fails on almost every level. What's more, some of the most insightful (and stinging) critiques of the proposal are coming from progressive media.
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