BTS 4/28/08: Elections; Tanking Economy; ILWU May Day Port Strike

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Robert Scheer of Truthdig.com has not allowed Hillary Clinton’s callous and frightening remark about ‘obliterating Iran’ to go unchallenged, even if the rest of the media has let it slip in the maelstrom of soundbites surrounding Rev. Wright – and now the Pentagon joins in the bellicose bluster. We talk to Scheer about the media’s election coverage and Bush’s Iran war plans.

We then turn to the economy. Michael Hudson says The Fed has not acted in the national interest, American banks are driving the dollar down, interest rates have decoupled from the real economy, debt service has made the US uncompetitive, the Euro is headed for US$2.50 unless Europe changes its policies, the alternative to canceling debts is disruptive bankruptcy, and finally, that economists will not be part of the political solution.

At the end of the hour we talk to ILWU executive board member and prominent anti-war activists Jack Heyman and Clarence Thomas about the work stoppage and protest on Thursday, May 1: The usually bustling ports along the West Coast will be still – Container ships will be idle at all 29 ports on the West Coast, shut down from Seattle to San Diego in protest against the wars in Iraq And Afghanistan.

Read More for info on tonight's guests:

1. Robert Scheer has built his reputation on the strength of his social and political writing. He is a now a former correspondent and op-ed page columnist to the Los Angeles Times, He is a Senior Lecturer at the University of Southern California's Annenberg School for Communication, and can be heard on KCRW’s "Left, Right and Center" on Fridays. His books include "Thinking Tuna Fish, Talking Death: Essays on the Pornography of Power"; "With Enough Shovels: Reagan, Bush and Nuclear War" and "America After Nixon: The Age of Multinationals."

2. Michael Hudson is a former Wall Street economist specializing in the balance of payments and real estate at the Chase Manhattan Bank (now JPMorgan Chase & Co.), Arthur Andersen, and later at the Hudson Institute (no relation). In 1990 he helped established the world's first sovereign debt fund for Scudder Stevens & Clark. Dr. Hudson was Dennis Kucinich's Chief Economic Advisor in the recent Democratic primary presidential campaign, and has advised the U.S., Canadian, Mexican and Latvian governments, as well as the United Nations Institute for Training and Research (UNITAR). A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002)

3. Jack Heyman was the longshore union official arrested during the anti-war 3. demonstration in the port of Oakland. He has been active in ILWU solidarity actions since the militant 1984 anti-apartheid action in San Francisco.