Quote of the day

The following is economist Richard Wolff‘s considered opinion of Paul Ryan, the Republican Vice Presidential candidate, Roman Catholic and Randian fundamentalist:

Whatever electoral calculations drove Mitt Romney to choose Paul Ryan as his vice-presidential running mate, the choice also has a deeper meaning. Ryan’s arrival at the top of the Republican Party represents the rise of the most vocal and visible proponent of austerity in US politics today. Ryan represents the US parallel to the regimes now controlling, for example, Greece, Spain, and the United Kingdom. Their shared strategy is simple. First, deliver austerity policies to the biggest corporations and the richest 5 percent of the citizens. Second, in return, those two groups’ money will reduce political opposition to the austerity pushers and win them re-election with overwhelming legal and illegal funding.

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