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Wednesday, January 12, 2011
Top Ten News Stories of 2010
Top Ten News Stories of 2010
by Mark Luedtke
1. Unemployment
For two years after the financial system meltdown in Sept. 2008, the official US unemployment rate has hovered near 10 percent with the November report claiming 9.8 percent nationally. The Dayton Daily News reports Dayton’s rate was 12.2 in October and Montgomery County’s was 10.9 percent. But the real situation is even worse. Shadowstats.com, which tracks economic statistics without government bias, reports the unemployment rate accounting for long-term discouraged workers is pushing 23 percent and rising. This issue is the driving force behind almost every other news story in 2010.
2. Tea Party
The federal government’s response to the financial crisis, the $800 billion TARP bailout, spawned the most powerful grass roots political movement since the 1960s at least: the tea parties. Every big spending bill Congress subsequently passed increased the number and anger of the tea partiers. Efforts by the mainstream media and Democrats to paint the tea party as racist largely failed for lack of evidence. The fight for the heart and soul of the tea parties continues as the Republican establishment works to co-opt them.
3. Obamacare
Speaker of the House Nancy Pelosi famously said of Obamacare, “We have to pass the bill so that you can find out what is in it...” Then she, Senate Majority Leader Harry Reid and President Obama proceeded to ram it through Congress against the will of people using a parliamentary maneuver called reconciliation. But Nancy Pelosi was wrong. Since Obamacare passed in March, it, Democrats and Obama have all become more unpopular. One aspect of this story that will become big news in the 2012 presidential race is Obamacare was modelled on Romneycare, which people in Massachusetts hate.
WikiLeaks has released three spectacular data dumps in 2010 that created a frenzy in Washington and sparked a cyberwar. The third release documenting the bullying and corrupt nature of US foreign policy and the petty selfishness of US government officials has prompted politicians and pundits to call for the assassination or prosecution of WikiLeaks founder and driving force Julian Assange as a terrorist.
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