Here is a nice explanation of the Greek economic crisis. Although there is probably more to it than this, it's still a good place to start. It talks about bonds, Goldman Sachs, and even Obama.
Wednesday, May 26, 2010
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The few times I've watched that video in the past day I can't help but think that MRN should be on mainstream TV debunking the myths set forth by right-wing propagandists.
All the time I hear reactionaries saying "socialism caused the Greek debt crisis because they were spending out-of-control and this is what's going to happen in America unless we take back Washington in 2012". Those people are so misinformed, but I guess it's kind of natural to blame "socialism" for capitalism's failures if you've been indoctrinated with elitist bullshit for that long. I might post the vide on my blog as well.
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