“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.
Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”
Richard (RJ) Eskow: Afghanistan’s “Too Big to Fail” Bank Is Failing — Guess Our System Doesn’t Work There, Either
The collapse of Afghanistan’s largest bank will seem familiar to Americans, and so will the upcoming reports of its bailout. We’ve heard the story before: Unheeded warnings. Lax (or nonexistent) law enforcement. An American auditor who said nothing as the books imploded. Sloppy, reckless, and greedy lending. Politicians in bed with banks. And a corporate crime wave led by bankers who can break the law with impunity, knowing they won’t be punished even if they’re caught.
The Kabul Bank story is a sad inversion of nation-building. It might have provided some moments of black humor for the recession-ravaged middle class, if only Americans and Afghans weren’t paying for it with their lives. We promised to teach the Afghans everything we know about running a modern economy.
Apparently we did.
David Sirota: How Money Has Framed the Egypt Debate
The question of why the American government has been so hesitant to push dictator Hosni Mubarak from power is typically answered in our media through the construct of “pragmatism.” If Mubarak leaves, the talking point goes, there could be a new government in Egypt that could threaten “regional stability” with an Iranian-style revolution. This talking point is both bigoted and imperial: It assumes that all Muslims and revolutions are monolithically the same (despite Egypt being Sunni and Arab and Iran being Shiite and Persian), and it assumes that “regional stability” is automatically threatened if a nation exists in the Mideast that isn’t under our thumb.
Nonetheless, the “pragmatism” talking point persists, and thus our government continues to deal with the dictator with kid gloves. But here’s the thing: We’re playing footsie with Mubarak not just because of the self-serving neoconservative construct of “pragmatism” — but also because of cold, hard cash.
Bill McKibben: A Revolution in Our Atmosphere, From Burning Too Many Fossil Fuels
If you were in the space shuttle looking down yesterday, you would have seen a pair of truly awesome, even fearful, sights.
Much of North America was obscured by a 2,000-mile storm dumping vast quantities of snow from Texas to Maine — between the wind and snow, forecasters described it as “probably the worst snowstorm ever to affect” Chicago, and said waves as high as 25 feet were rocking buoys on Lake Michigan.
Meanwhile, along the shore of Queensland in Australia, the vast cyclone Yasi was sweeping ashore; though the storm hit at low tide, the country’s weather service warned that “the impact is likely to be more life threatening than any experienced during recent generations,” especially since its torrential rains are now falling on ground already flooded from earlier storms.
Kristen Breitweiser: Egypt: Skin in the Gam
How absolutely exhilarating to watch the events unfold in Egypt. As I sit with my daughter who has been studying Ancient Egypt and Mesopotamia telling her to watch closely since history is unfolding right before our eyes, I can’t help to worry and wonder what impact this will have on our troops that are still fighting in Iraq. Will this affect the complete U.S. troop withdrawal date of December 31, 2011?
Of course the irony is not lost on me.
Nearly 8 long years ago, the Iraq War was wrongfully started under the guise of spreading democracy in the Middle East. And now, I sit and watch real democracy take to the streets of Cairo and Alexandria brought on by — not armies, intelligence officers, and private contractors from misguided nations — but regular, average Egyptian citizens who are simply fed up.
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