BTS 12/15/08: State of the Unions; Financial Crisis; Greece

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We now know what was evident on Friday as Southern Republican Senators squashed the auto bailout, choosing to destroy the auto industry, sending millions more into unemployment and misery. They are waging 21st Century class warfare, and this is just prelude to the mounting attack on organized labor in the wake of victories at Chicago’s Republic Window and Door and North Carolina’s Smithfield slaughterhouse, plus the prospect of the passage of EFCA and an invigorated labor movement. Nelson Lichtenstein joins us to talk about the ‘state of the union’ the significance of the victories, the auto industry woes and more.

Arturo Cifuentes comes from the belly of the financial beast, an analyst of CDOs, research, and managing director of such institutions as Moody’s, Wachovia Securities and Pressprich & Co. He is testifying to Congress about the unwinding speculative debt driving this deflationary crisis and he’ll explain it all to us. He says “the present crisis has been nothing but the mother of all risk management failures.”

And Savas Michael Matsas joins us from Greece fresh from Day Ten of the anti-state and anti-capitalist protest rocking the country.

Read More for info on tonight's guests:

1. Nelson Lichtenstein teaches history at UCSB where he directs of the Center for the Study of Work, Labor and Democracy. His latest book is Sam’s World: Wal-Mart and 21st Century Capitalism (Univ of Pennsylvania Press); his others include State of the Union: A Century of American Labor; and Walter Reuther: The Most Dangerous Man in Detroit (Basic Books).

2. Arturo Cifuentes is an analyst of CDOs, research, and managing director of such institutions as Moody’s, Wachovia Securities and Pressprich & Co.

3. Savas Michael Matsas is an MD, philosopher, writer, and activist with the Greek Workers Revolutionary Party. He has written many books and articles, in English you can find his writing in Lenin Reloaded: Toward a Politics of Truth (Verso).