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Posts Tagged ‘economic crisis

Hugo Chavez Hearts Obama

5:36 pm By Jennifer Woodard Maderazo · Controversia| Money| Obama| Politics| Venezuela| economy · Comments Off

3 Jun 2009

After all that hate, then some awkward moments, Venezuelan president Hugo Chavez appears to be warming up to Barack Obama…if you consider calling Obama more leftist than he and Fidel Castro showing love (and I do). Reuters reports:

Venezuela’s President Hugo Chavez said on Tuesday that he and Cuban ally Fidel Castro risk being more conservative than U.S. President Barack Obama as Washington prepares to take control of General Motors Corp.

During one of Chavez’s customary lectures on the “curse” of capitalism and the bonanzas of socialism, the Venezuelan leader made reference to GM’s bankruptcy filing, which is expected to give the U.S. government a 60 percent stake in the 100-year-old former symbol of American might.

“Hey, Obama has just nationalized nothing more and nothing less than General Motors. Comrade Obama! Fidel, careful or we are going to end up to his right,” Chavez joked on a live television broadcast.

Chavez’s message is not lost on Republicans, who were quick to jump on Obama’s bones for the move. Check out the RNC’s video attacking Obama after the jump. Read more…

Woman Chains Self to Home in an Effort to Stop Foreclosure

11:48 am By Jennifer Woodard Maderazo · economy · Comments Off

28 Oct 2008

I appreciate that mainstream news sources are finally reporting on the stories of people who lose their homes to foreclosures. It’s well past time, especially considering that home foreclosures are reaching Great Depression levels.

I dunno though, this CNN clip irritated me. For one thing, the voice over was smarmy–I was reminded of a Saturday Night Live skit through the whole segment.

Along with the smarmy voice over there was the way the woman was presented–as sort of a sad screw up that we can laugh at. That is, what sort of screw up that runs a business on how to prevent foreclosures gets foreclosed on??

Since the segment didn’t more closely examine the woman’s profession as it connected to her foreclosure status, it gives the viewer an easy way to explain her foreclosure status: she’s just a bad business woman (and a slightly comical one at that). Or, on other words, it’s not that foreclosures could happen to anybody and we all should be worried about it–it’s that people in foreclosure didn’t read their papers closely enough and somehow thought they were above making mistakes.

I’m still waiting for the day when a mainstream news source will compassionately and with *nuance* examine the effect of the foreclosure crisis on U.S. citizens. Something tells me that I’m gonna be waiting a while.


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