HYDERABAD, India — As I arrived at the Begumpet airport here, part of a two-person delegation of the Communist Party USA, we were greeted by a delegation of bank workers and members of their union.
While some may take “what-goes-around-comes-around” satisfaction at the ruin facing Bear Stearns and other Wall Street investment firms, a financial meltdown could result in a freezing up of credit and growth for everyone. What happens on Wall Street might mean real hard times on Main Street. It could take a decade to recover.
In the buildup to the 2008 elections, the right-wing Republicans have decided to make immigrants the scapegoat for the failure of the Bush administration and the shortcomings of the capitalist system. Right-wing personalities on cable TV, on talk radio and in newspapers are fueling this process. Vicious lies are being told about immigrants.