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December 15, 2008 04:11PM EST
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The Indypendent Issue 129: Inside Obama's Recovery Plan
By The Indypendent
President-elect Barack Obama has announced a massive stimulus package to jumpstart the faltering American economy. But will it work? How is appointing Clintonite neo-liberals to be the chief economic advisers to Obama going to help?
Arun Gupta, in this issue of the award-winning newspaper the Indypendent, writes, “And like the New Deal, Obama’s stimulus plan will almost certainly fail to pull the economy out of a historic free-fall. For one, the plan is inadequate. Two, it will be drafted and overseen by Obama’s economic “dream team,” who are committed to the failed ideology that got us into this mess. Three, there’s the matter of the still-festering financial crisis. And four, there has been no national debate over economic priorities such as who controls the economy, how production should be structured and what should be produced.
Because of these factors, the stimulus plan will be designed to benefit specific industrial and financial sectors, not the public. If the downturn proves vicious and long-lived, the government will have to introduce even more dramatic economic programs and policies, just like during the Great Depression.”
Also included in this issue: a first person account of a videojournalist’s journey with an Iraqi refugee that is now living in Brooklyn; how the existence of a “tenant blacklist” is making tenants’ lives harder; a review of David Bacon’s “Illegal People”; and a report from Ecuador about President Correa’s vow to default on Ecuador’s debt is picking up steam. For more, see the links below!
Blacklist Blues: Landlords Use Dodgy Database to Fend Off Feisty Tenants || Lawsuit Takes on NYPD Press Credential Policy || Tapping the System: How to Navigate New York’s Stringent Unemployment Law || From Baghdad to Brooklyn: My Journey With an Iraqi Refugee || Wilting Wages: Money Sent Home to Mexico Declines as U.S. Economy Deteriorates || A Lesson In Class: CUNY Students Stand Up to Tuition Increase || 47 E. Third St. Tenants Concede, Take Buyout || The Indy Sweeps the Ippies || Community Calendar || Reader Comments || Obamanomics: Why the Stimulus Plan Will Not Revive the Economy || Female Priests Altar the Rules || Zeroing In On Obama’s Hawks || Ecuador Drops the Money Ball: President Correa Threatens to Stiff Banks, Pay Social Debt First || International Briefs || Climate Change Exhibit Falls Gravely Short || Returning to Lebanon: Waltz with Bashir Animates the Brutality of War || Labor on the Move: David Bacon’s “Illegal People” Explores Ties Between Repression and Migration || Fearless Cinema: Here’s the Best of This Year’s NYC Horror Film Festival || Frontline Testimonies: Winter Soldier Vets Portray the Reality of Combat
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