• Latest News
  • Pitch a Story
  • Work with a Journalist
  • Join the Blog Squad
  • Afghanistan
  • Africa
  • Asia
  • Baltimore
  • Canada
  • Egypt
  • Europe
  • Latin America
  • Middle East
  • Russia
  • Economy
  • Environment
  • Health Care
  • Military
  • Occupy
  • Organize This
  • Reality Asserts Itself
  • US Politics
  • Obama Preaches Stimulus to Europe and Practices Austerity at Home

    Richard Wolff: Low wages, cheap money, and cheap equipment are driving higher profits and the politics of austerity -   April 21, 13
    Members don't see ads. If you are a member, and you're seeing this appeal, click here


    Share to Facebook Share to Twitter

    The Real News is a vital answer to The New York Times, the house organ of the oligarchs. - Al Salzman
    Log in and tell us why you support TRNN


    Richard D. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst. And he is currently a Visiting Professor of the Graduate Program in International Affairs at the New School University in New York. Since 2008, he has been writing and speaking chiefly on the global capitalist crisis. His latest book is Democracy at Work: A Cure for Capitalism.


    Obama Preaches Stimulus to Europe and Practices Austerity at HomePAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Baltimore.

    President Obama, as we reported on The Real News, sent Treasury Secretary Jacob Lew to Europe, and particularly to Germany, apparently to advocate policies that would stimulate growth. Well, I guess it's kind of funny, 'cause people are asking, why doesn't he send Jacob Lew to the United States and advocate such policies?

    Any rate, now joining us to talk about all this is Jacob Wolff. He's a professor of economics emeritus at the University of Massuchesetts, Amherst. He's currently a visiting professor of the graduate program in international affairs at the New School University in New York. And his latest book is Democracy at Work: A Cure for Capitalism.

    Thanks for joining us, Richard.


    JAY: So speak a little bit about the reaction of Lew's visit to Europe, and then we'll get into the kind of bigger question of just who benefits from these policies anyway.

    WOLFF: Yeah. It was pointed out to Mr. Lew by more than a few of his colleagues in Europe that coming to Europe and telling them how they ought to stimulate their economies with more growth sounded a little bit hollow from the emissary of a government whose major activity so far this year have been the exact opposite: they've been growth-killing austerity. Whether you look at the January 1 increase, dramatic increase in the payroll tax on the 150 million Americans who saw their payroll tax go from 4.2 percent in 2012 to 6.2 percent this year, thereby crippling the economy because all that money taxed from working people will not be spent on goods and services, or whether you point to the March 1 sequester, where the biggest buyer of goods and services, the United States federal government, is announcing dramatic cutbacks, which will mean, again, fewer jobs, or today's or yesterday's announcement about cuts in Social Security, these are the steps of an austerity program. And even if Americans dress it up as fiscal responsibility or other euphemisms, Mr. Lew is in a tough position to tell the Europeans to do the opposite of what his own government is doing here.

    JAY: Well, if I was to try to defend President Obama, I guess the argument would be what Lew really means is he wants the European Central Bank to do what the Fed's doing—you know, buy government bonds, pour money into the banking system, and supposedly in theory thus make money cheaper to borrow, and through that you create stimulus, which I guess you could say they're doing here in the United States, although it isn't working. So I'm not entirely sure what they'd be advocating, 'cause I guess they made the banks look like they have more money, but it hasn't done much in terms of actual stimulus.

    WOLFF: It hasn't produced much stimulus. The Europeans have been doing similar things, not quite to the extent that the United States has. Their results are also terrible, mostly in the southern and peripheral parts of Europe, but increasingly in places like France and the Netherlands as well.

    So, yeah, it's a prescription for austerity, whether you call it that or not, but it is becoming less and less enthusiastic as the economic results of austerity make it harder and harder to sustain that policy. That's why you had the victory of Beppe Grillo in Italy of an anti-austerity program. That's how you had the total victory of the socialists in France on an anti-austerity program. That's why you have SYRIZA in Greece, the number one political poll-getter party, dead set against austerity. It's looking like austerity is becoming a harder and harder sell for those countries that still keep beating that drum.

    JAY: Now, President Obama, if he didn't actually want these kinds of policies—and he tries to position it as if he's, you know, being forced to accept some of these cuts, entitlement cuts like the Social Security reform in order to be able to get his tax on the wealthy, and it doesn't even look like he may get that deal anyway. But let me put one caveat here: President Obama actually promised that he was going to go after Social Security within days of being elected in 2008, so I think it's a little disingenuous for him to position it as if this is just as a result of external pressure. But if he understands the need for stimulus and for various policies to encourage growth, you'd think he'd be getting ready for the next round of elections and position the argument so people see him fighting for this. Instead, is he not just buying the narrative?

    WOLFF: Yes, I think that Mr. Obama, like most politicians, in Europe as well as the United States, has in fact bought the narrative, has in fact decided that what we ought to be doing is engaging in a bit of a theatrical debate in which everybody kind of understands we're going to have a little bit of stimulus but not a lot, and a little bit of austerity, and hopefully not too much, and we're going to wobble between the two a little bit, maybe changing political parties along the way if needed. They do that in Europe. But basically that's what we're going to do.

    We are going to allow the capitalist economy to go through its normal self-cleaning process. It does this every three to seven years. And then periodically, when the downturn is very severe, then the medicine, if you like, the self-cleaning is very severe. And I don't think it changes much from period to period for the last 100, 200 years. All that changes is the political theater, as various people put forward their proposals, a little more austerity, a little less austerity, a little more stimulus, a little less.

    Here's the bottom line. Whichever combination of stimulus and austerity you end up devising in each country, here's what happens across the board. Millions of people lose their jobs. And because of that, millions of more people who keep their jobs discover that they have to accept, to avoid unemployment, lost benefits, lost pensions, lost wages, and so on. To make a long story short, the economic downturn, with or without austerity, with or without stimulus, involves declining wages, declining job conditions, and for the mass of employers, cheaper workers. At the same time, millions of small businesses, or at least hundreds of thousands of them, either shrink or go out of business, creating vast possibilities for cheap raw materials (because the demand for them is drying up), cheap energy, cheap office space, cheap truck rentals. All the costs of doing business, workers included [crosstalk]

    JAY: And let me add one thing to that. Cheap money.

    WOLFF: Cheap money. Absolutely. Cheap money, cheap workers, cheap equipment. Does it begin to make a picture for you? That's how capitalism gets through its crises. It explodes. It builds. It has a prosperity that is unsustainable. Then it collapses.

    And what it wants is to give capitalists the incentive to invest again. And how do you do that? By making it profitable. And how do you do that? By cheapening the costs of going into business or expanding your business. And so you throw people out of work, you make every worker desperate, you make every worker willing to work for less. That's exactly what we've had for five years. And, you know, in that process, a little more austerity, a little less, a little more stimulus, a little less, doesn't really matter.

    JAY: I wonder—Richard, I wonder if this one isn't a little different. What I mean by that is that you've got the normal cycle, as you've been describing, but you have a few other factors, one of which you and I have talked about in the past, the ability to produce at such a high level in Asia, Latin America, the amount of money involved in speculation, where you can make more money in speculation than you could invest in a real economy. And also I think something structural's changing here in terms of the recovery, which is the higher-paid stratum of workers, you know, the autoworkers and in transportation and those kinds of areas, you know, that recession or no recession, even if there were layoffs in auto, you still had a lot of workers making $26, $30-plus an hour. Now, with these two-tier contracts that they've introduced with new workers in auto making $14, in Wisconsin, Harley Davidson, [kroUn] plumbing, you know, it's a 50 percent drop in wages. So that top tier that you could sort of depend on being back sooner than later in a recovery and having real disposable income, it's kind of disappearing.

    WOLFF: That's right. And the way I would pick up on it is the first thing you said. We had a bad economic downturn of the sort that capitalism has had for 200 years, that every capitalist leader, at least in the last 100 years, has said he will devote himself to make sure we not only get out of that economic downturn, but that we never face this again. Every leader, every president of the United States since Roosevelt has said it. No president has ever been able to deliver on that promise. It's a failed capacity of this system. It goes through these cycles in the irrational waste of people and resources that it has never overcome.

    But what you're right about is this one is different because it comes at the same time as we've had a long-term building trend to basically move production out of the United States—first it was manufacturing, but now it's white-collar jobs as well—to the places where the wages are much cheaper, the environmental control requirements are either nonexistent or much fewer and cheaper, where you can bribe your way into political convenience with less money than it costs to do that here. And so in a sense we have the downturn on top of the long-declining trend.

    When I meet with large corporations in this city of New York, I keep hearing the United States referred to these days as a, quote-unquote, mature economy. And boy is that a scary word, because what it means is there's no growth here. There's no point in a corporation, American or otherwise, building its hopes for growth on the American economy, because that's not where it's happening. It's happening in China, in India, in the BRIC countries, and so on where the growth is happening, because they're moving production out of the United States.

    So, yes, I think the American working class is beginning to understand that what this crisis is about is a ratcheting down within a long-term decline to the point where—and that's the capitalist program—the wages and working conditions and the expenses of production in the United States are down far enough that the lure of a daily wage in Vietnam—that's barely over $1, by the way—will no longer have the effect it's had for the last 20 years, so that corporations won't go over there and incur the energy waste and the cost of shipping it all back to the United States.

    But before that happens, we're in this awful situation where whether it's two-tier jobs in the auto sector or the substitution of low-pay or upper-pay jobs or the elimination of benefits, the working class of the United States is discovering that the capitalist program is now to move production out of Europe and North America. There are plenty of other places to go. Modern telecommunications and computers allow the command and control from the headquarters, wherever they are [crosstalk]

    JAY: But isn't this strategy—I mean, isn't it not crazy, in the sense that the main export from these countries they're moving production to is cheap labor that they want to sell back into the engine of the world economy, American consumption? So if you're driving down the ability of people in the United States to consume, and you think you're going to move production over, whether it's cheap, so you can sell back into this economy that you're undermining the demand for, it seems nuts. But I don't think we should underestimate the role of craziness in the making of history.

    WOLFF: Absolutely. And I think that you're seeing businesses decide that the American consumer is kind of the past, and that two kinds of consumers are emerging in the Third World, we used to call it, but now the developing, the rapid, the not-mature-yet economies: on the one hand, those at the top, because the inequality in the BRIC countries is staggering—China, India, Russia, and so on. So they're going to be able to find luxurious buyers. China last year produced more new millionaires than the United States did, etc., etc. You're going to get an upper-class crust for the luxury industry, and you're bringing in literally hundreds of millions of people who were out of the modern consumer market in the rural agricultural parts of India, China, South Africa, and so on. They're coming in to be a mass low-level market. And that's where they're going to grow, and that's where they're going to produce.

    They're going to do it cheaply and profitably by locating production in cheap-wage areas and producing for those markets, 'cause despite their difficulties of low wages, they're the up-and-coming, and the United States is the over-the-hill story, so that the real question in many ways is this: will the working classes of Europe and North America, used to 100 years of being the pioneers in working out rising wages as their compensation for the rising productivity of their labor, will they accept now all of that to be taken away from them, from some of them quickly, from others of them more slowly? Will they permit a capitalism to relocate somewhere else, building its support among Indian and Chinese workers, but not in the old centers? This is an old problem for capitalism. It has abandoned parts of the world before. Look at Detroit. The hope of capitalism is that America will be as docile about being hollowed out as Detroit or Camden, New Jersey, [crosstalk]

    JAY: But isn't the strategy is now is perhaps to have some production come back to the United States, but on the basis of a low-wage—American low-wage economy, that if you—and now—then you can—then you start—. And President Obama, when he presents what his economic plan is, it's mostly about exports. Well, based on what? Cheap labor in the United States.

    WOLFF: Absolutely. And if you look at the long-term numbers, it's all craziness. Manufacturing has been shrinking across the last ten years. The line is unmistakable and quite dramatic. And you would have to have spectacular shifts before that's going to be significantly reversed. A casual story here or there of a manufacturer coming back to the United States doesn't change what the aggregate picture looks like.

    And if you really wanted to develop the United States as a base for exports, you'd have to do it on a mass scale in order to make any economic difference, and that would require a ratcheting down of wages and working conditions far faster than what is already being experienced and producing trouble.

    JAY: So what's the alternative?

    WOLFF: I think here in the United States you're seeing a capitalism that offers the American people no alternative. That's why it's relentless. That's why on January 1 you increase the flow of money from the mass of Americans into the Social Security program. That's what raising the payroll tax meant.

    And two and a half months later you announce you're cutting the benefits. This is in a Social Security program where the flow of money into the program was already higher, significantly higher than the flow of money out to beneficiaries. What possible logic is there to increase the money coming in when it's more than what you need going out? The answer is that the excess in the Social Security fund is given to the United States government and saves the politician from having to call the tax what it is. Instead of calling it an income tax, he calls it about saving Social Security.

    But this is a hustle, and as these pinches on the standard of living of the American working class work their way into the livelihoods of people and into their consciousness, you're going to see major trouble here. Let's remember, you cut Social Security, you're not just hurting the older folks who've given a lifetime of work, but you're saying to their children that the Social Security benefit their older parents got, which wasn't enough anyway and which required their children to help them anyway, that those children, strapped to borrow money for their kids' college already, strapped because of the higher payroll taxes they have to pay, will now have to stretch even more to help their conditionally needy parents. You cannot keep doing this without an explosion from below.

    And the real question is, as I said, for the European working classes and the American: how far can this go before you get to swelling the welling up from below? And let's remember, in the 1930s that's what saved capitalism, the CIO, the socialists, and the communists saying in the depth of the Depression, you can't go any further. No more austerity à la Hoover. You've got to turn it around and build from below, create Social Security, pass the minimum wage, create unemployment compensation, and do a federal employment program, all of which Roosevelt did for fear of what would happen to the capitalist system in this country if he didn't.

    That lesson is being relearned now. Granted, the institutions from the '30s, the unions, the socialist and communist parties were destroyed precisely to undo the New Deal. So we have to start from scratch. But there is no alternative, because this is a capitalism hellbent on beefing up the profits by hiring the cheap workers elsewhere and letting the American working class fend for itself under ever decreasing conditions of life. So unless there's a blowback by the working class, that project will continue.

    JAY: Alright. Thanks for joining us, Richard. This is just the beginning of a discussion.

    And thank you for joining us on The Real News Network.

    Don't forget we're in our spring fundraising campaign. If you want to see more economic analysis and investigative work from The Real News, we need your support. We have a $50,000 matching grant. Every $1 you give gets matched. And we hope you'll donate before May 2. So that's when we have to match the grant.

    Thanks for joining us on The Real News Network.


    DISCLAIMER: Please note that transcripts for The Real News Network are typed from a recording of the program. TRNN cannot guarantee their complete accuracy.


    Our automatic spam filter blocks comments with multiple links and multiple users using the same IP address. Please make thoughtful comments with minimal links using only one user name. If you think your comment has been mistakenly removed please email us at


    Latest Stories

    The Modern History of Venezuela from 1973 to the Caracazo Massacre - Edgardo Lander on Reality Asserts Itself (3/9)
    Ukraine Transitional Gov't Moves Militarily To Reclaim Seized Buildings
    IPCC Report Flawed By Narrow Focus on Carbon Emissions
    The Modern History of Venezuela: The Bolivarian Revolution - Edgardo Lander on Reality Asserts Itself (5/9)
    Obama Signs Directives to Reduce the Gender Wage Gap
    Eastern Ukraine Lacks Political Representation in Kiev
    Demystifying the Role of Mitigation in the Most Recent IPCC Report
    Hypersurveillance State Won't Prevent Another Boston Marathon Bombing
    The Modern History of Venezuela from 1973 to the Caracazo Massacre - Edgardo Lander on Reality Asserts Itself (3/9)
    Univ. of Maine Faculty Reinstated After Students Protest Against Cuts
    The Modern History of Venezuela from 1908 to 1973 - Edgardo Lander on Reality Asserts Itself (2/9)
    IMF Will Address Global Inequality, Says Managing Director Christine Lagarde
    Raising Big Banks' Leverage Ratio Good, But Not Nearly Enough
    TRNN Replay: Austerity Road to 19th Century
    Has Palestinian Maneuvering Revived Peace Talks?
    Late Jackson Mayor Lumumba's Son Wins Primary to Replace His Father, Runoff Election Ahead
    Quebecers Reject PQ and Elect a Liberal Government Representing Big Business
    TRNN Debate: Decriminalization vs. Legalization
    The Beginning of the Chavez Era - Edgardo Lander on Reality Asserts Itself (4/9)
    "Off With His Head": Court Upholds Obama's Power to Kill
    Workers at Nation's Top Hospital Strike For Fair Wages
    From Exile to Radicalization in Venezuela - Edgardo Lander on Reality Asserts Itself (1/9)
    Rwanda 20 Years Later: Genocide, Western Plunder of Congo, and President Kagame
    Ukrainian Protesters in the East Demand More Autonomy From Kiev Government
    Hunger Strikers Demand President Obama Halt His Record 2 Million Deportations
    Indian Parliamentary Elections - A Primer With Vijay Prashad
    West Looks to Carve Up Ukraine & Privatize Industries Held by Kleptocrats
    Where Are Israeli-Palestinian Peace Negotiations Headed?
    The Multiple Kingdoms of Saudi Arabia (5/5)
    Do the Afghan Presidential Elections Signify Progress?
    Republican Presidential Hopefuls Pay Homage to Billionaire Casino Tycoon Sheldon Adelson
    Will Extremist Lieberman Become Israel's Next Prime Minister?
    Why do the Saudis Want the US to Attack Iran? (4/5)
    Immigrant Advocates and Families Tell President Obama 'Not One More'
    Elections, Pipelines, and Protests - The Canada Panel
    Chris Hedges on "Israel's War on American Universities"
    Baltimore Residents Decry Lack of Affordable Housing
    Yellen Talks the Talk But Will She Walk the Walk?
    Hopkins Hospital Workers Speak Out against "Poverty Wages"
    Will Venezuela's New Floating Exchange Rate Curb Inflation?
    The European Central Bank's War on Wages is Pushing Europe's Economy to the Brink
    Supreme Court Decision Opens Floodgates for More Campaign Cash
    Charles Keating, the Financier Behind the Savings and Loan Scandal, Dies at 90
    Saudi Arabia and the al-Qaeda Monster (3/5)
    Maryland Residents Voice Opposition to Natural Gas Fracking Export Facility
    Supreme Court Ruling Gives Wealthy Individuals More Influence Over Elections
    What are the Saudis Afraid Of? - Madawi Al-Rasheed (2/5)
    Baltimore's MICA Adjunct Professors Set to Vote on Unionization
    Boycott of Israel Moving to Next Level?
    Hypocrisy Dressed Up as "Realism" Justifies American Alliance with Saudi Dictatorship
    Immigration Reform in the Shadows of Cesar Chavez's Legacy
    Leaked Senate Report Shows Use of Torture As "Ineffective"
    UN Report Says Climate Change Will Threaten Food Production Worldwide
    The Hypocrisy of US Calling for Enforcement of International Law
    How the Ecuadorian Economy Grew in a Global Recession
    'Shadows of Liberty' Trailer
    Kristina Borjesson on Why CBS Shut Down Her investigation into Flight 800 (2/8)
    Glen Ford on Racism in the American Media (3/8)
    Paul Jay on What Drives Corporate Media and What Drive The Real News (4/8)
    Creating a New Media Paradigm After Citizens United (5/8)
    Should The Left Engage with the Mainstream Media? (6/8)
    What Is the Financial Backing For The Real News? (7/8)
    Standing up to Character Assassination (8/8)
    Oligarchs, Fascists and the People's Protest in Ukraine
    TRNN Debate: Is Obamacare In the Interest of Workers?
    Too-Big-To-Fail Advantage Remains Intact For Big Banks
    Obama and the Saudi Agenda
    TRNN Replay: Investigating the Saudi Government's 9/11 Connection and the Path to Disilliusionment - Sen. Graham on Reality Asserts Itself pt 1
    The Iraq War's Real Legacy
    Petitions with 100,000+ Signatures Call for Snowden's Passport to be Reinstated
    We Need to Harness People Power - Andy Shallal on Reality Asserts Itself (4/4)
    BC Pipeline Fight and Quebec Elections - The Canada Panel
    Jonathan Schell - 1943-2014: Board Member of TRNN on Why We Need The Real News
    Teachers on Strike from the UK to Argentina
    Connecticut Poised to Become First State with $10.10 Minimum Wage
    Oil Spill Threatens Wildlife and Local Economy
    DC School Test Scores Up, But Poor Black Kids Are Doing Worse - Andy Shallal on RAI (3/4)
    Obama's Proposal To End NSA Bulk Data Collection Won't Protect Privacy
    How Google, Apple & The Biggest Tech Companies Colluded to Fix Workers' Wages
    An American Should be One that Questions Their Government - Andy Shallal on RAI (2/4)
    What's Driving Putin & Obama's Posturing on Ukraine?
    Hundreds of Students & Faculty Occupy College Campus to Fight Cuts to Public Higher Ed
    Due Process 'Impossible' In Harsh Death Sentencing Of Over 500 Muslim Brotherhood Members
    Has Anglo-American Capitalism Run Out of Steam?
    Being the "Other" in America - Andy Shallal on Reality Asserts Itself (1/4)
    TRNN Debate: Should Baltimore 'Ban The Box'?
    How Fallujah Became the Iraqi Government's New Battleground
    Why I Decided to Blow the Whistle on the NSA
    NASA Climate Predictions Show Serious Threat To Humanity
    Professor Who Teaches Israel-Palestine Conflict Accuses College of Violating His Academic Freedom
    CIA and NSA Wrongdoing Requires Independent Investigation, Says Former Church Committee Staff
    Are Tuition Breaks Enough To Combat High Student Debt And Low Graduation Rates?
    Industries Across the U.S. Are Stealing Wages From Their Lowest Paid Workers
    Who In Ukraine Will Benefit From An IMF Bailout?
    NSA Recording All International Calls From U.S.
    Israel "Making Lives Miserable" for Africans, Hoping They 'Self-Deport' (2/2)
    BP Gets Green Light to Drill in Gulf, But Has Safety Improved?
    Residents Still Not Drinking Tap Water Two Months After West Virginia Spill (1/2)
    Libya's Descent Into Turmoil Three Years After NATO Intervention
    From Pipelines to Peladeau - Canadian Report
    Israel "Making Lives Miserable" for Africans, Hoping They 'Self-Deport' (1/2)
    Congressional Progressive Caucus Budget Strikes Back Against Austerity
    Libya Three Years Later - Chaos and Partition
    Why Was Gaddafi Overthrown?
    Should Ukraine and West Accept De Facto Crimea Joining Russia? (2/2)
    Tony Benn Saw Socialism as the Culmination of Democratization
    Why Didn't Bush/Cheney Attack Iran and Can Obama Make and Sell a Deal? - Gareth Porter on Reality Asserts Itself (3/3)
    After Late Mayor Lumumba is Laid to Rest, What's Next for Jackson, Mississippi? (2/2)
    Crimea Referendum: Self Determination or Big Power Manipulation? (1/2)
    Sen. Graham: President Must Side with Openness About CIA and 9/11
    Manufacturing a Narrative for War - Gareth Porter on Reality Asserts Itself (2/3)
    Protesters Hit the Streets of Brooklyn to Demand $15 Minimum Wage
    Hammer: 'Moral Bankruptcy' Behind Massive GM Recall
    White House Withholds Thousands of Documents from Senate CIA Probe
    I Grew Up Believing in Time Magazine's Version of America - Gareth Porter on RAI (1/3)
    Western European Banks Vulnerable to Ukrainian Sovereign Debt Crisis
    TRNN Debate: What's Driving Inflation in Venezuela? (2/2)
    CIA vs. Senate: Who Is Obama Protecting?
    Will Tipped Workers Get Excluded Again From Minimum Wage Hike?
    TRNN Debate: What's Driving Inflation in Venezuela? (1/2)
    After Late Mayor Lumumba is Laid to Rest, What's Next for Jackson, Mississippi?(1/2)
    TRNN Replay: A Look at Who's Poised to Become No.2 at the Fed
    How Right-Wing Nationalism Rose to Influence in Ukraine (2/2)
    Netanyahu Attacks Boycott As Campaign Enters New Phase
    Moving Towards a Police State - Michael Ratner on Reality Asserts Itself (7/7)
    Fighting Reagan's Secret, Illegal Wars - Michael Ratner on Reality Asserts Itself (6/7)
    Puerto Rican Independence Movement and Cuba Further Radicalized Me - Michael Ratner on RAI (5/7)
    The Butcher of Attica - Michael Ratner on Reality Asserts Itself (4/7)
    MLK and a Radicalizing Moment in American History - Michael Ratner on Reality Asserts Itself (3/7), Real News Network, Real News, Real News For Real People, IWT are trademarks and service marks of IWT.TV inc. "The Real News" is the flagship show of IWT and Real News Network.

    All original content on this site is copyright of The Real News Network.  Click here for more

    Problems with this site? Please let us know

    Linux VPS Hosting by Star Dot Hosting