“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”.
Gail Collins: Happy Tidings From the Hill
In our never-ending battle to bring you good news from the world of politics, let’s focus today on the fact that Congress appears to have reached a deal to keep the government operating for seven more weeks.
Think of all the things you’ll be able to do in October if there’s a government. Camp out in a national park! Mail a letter! Fly to Omaha without fear that your plane will crash into a plane flying to Sioux Falls because of a lack of air traffic controllers! Wage war in Afghanistan!
Life doesn’t get any better than that.
New York Times Editorial: Killing the Recovery
The world has barely dug out of recession and the global economy is again slowing dangerously. Most leaders seem eager to make things even worse.
Instead of looking for ways to reignite growth, Europe’s leaders – and Republicans on Capitol Hill – are determined to slash public spending. Europe’s fixation on austerity is also compounding its debt crisis, bringing the Continent even closer to the brink. Meanwhile, China’s government, which is struggling to contain inflation without letting its currency rise, has been trying to slow domestic demand, allowing its trade surplus to balloon.
Each of these policies is wrong. In combination, they are likely to tip the world into a deep recession.
The European authorities’ doctrinaire decision to use debt issues to force austerity on Greece made the situation so much worse
Three months ago, I wrote here about the risks that the European authorities were posing to the US economy and asked what the US government was going to do about it. It was clear at that time that “the Troika” – the European Commission, European Central Bank (ECB) and the International Monetary Fund (IMF) – was once again playing a dangerous game of brinksmanship at that time with the government of Greece. They were trying to force the Greek parliament to adopt measures that would further shrink the Greek economy and therefore make both their economic situation and their debt problem worse, while inflicting more pain on the Greek electorate. The threat from the Troika was putting the whole European financial system at risk, since it raised the prospect of a chaotic, unilateral Greek default.
Bill McKibben: The Keystone Pipeline Revolt: Why Mass Arrests are Just the Beginning
Inside the growing movement to shut down the environmentally devastating tar-sands project
{}After two decades of scientists gravely explaining to politicians that global warming is by far the biggest crisis our planet has ever faced, and politicians nodding politely (or, in the case of the Tea Party, shaking their heads in disbelief), it was time to actually do something about it that went beyond reading books, attending lectures, lobbying congressmen or writing letters to the editor. With Texas on fire and Vermont drowning under record rainfall, it wasn’t just our bodies on the line.
The Keystone XL pipeline wraps up every kind of environmental devastation in one 1,700-mile-long disaster. At its source, in the tar sands of Alberta, the mining of this oil-rich bitumen has already destroyed vast swaths of boreal forest and native land – think mountaintop removal, but without the mountain. The biggest machines on earth scrape away the woods and dig down to the oily sand beneath – so far they’ve only got three percent of the oil, but they’ve already moved more soil than the Great Wall of China, the Suez Canal, the Aswan Dam and the Pyramid of Cheops combined. The new pipeline – the biggest hose into this reservoir – will increase the rate of extraction, and it will carry that oily sand over some of the most sensitive land on the continent, including the Ogallala aquifer, source of freshwater for the plains. A much smaller precursor pipeline spilled 14 times in the past year.
Arun Gupta: The Revolution Begins at Home: An Open Letter to Join the Wall Street Occupation
What is occurring on Wall Street right now is truly remarkable. For over 10 days, in the sanctum of the great cathedral of global capitalism, the dispossessed have liberated territory from the financial overlords and their police army.
They have created a unique opportunity to shift the tides of history in the tradition of other great peaceful occupations from the sit-down strikes of the 1930s to the lunch-counter sit-ins of the 1960s to the democratic uprisings across the Arab world and Europe today.
While the Wall Street occupation is growing, it needs an all-out commitment from everyone who cheered the Egyptians in Tahrir Square, said “We are all Wisconsin,” and stood in solidarity with the Greeks and Spaniards. This is a movement for anyone who lacks a job, housing or healthcare, or thinks they have no future.
E. J. Dionne, Jr.: Why They Hate Warren Buffett
Maybe only a really, really rich guy can credibly make the case for why the wealthy should be asked to pay more in taxes. You can’t accuse a big capitalist of “class warfare.” That’s why the right wing despises Warren Buffett and is trying so hard to shut him up.
Militant conservatives are effective because they are absolutely shameless. Many of the same people who think the rich should be free to spend unlimited sums influencing our politics without having to disclose anything are now asking Buffett to make his tax returns public. I guess if you’re indifferent to consistency, you have a lot of freedom of action.
Jim Hightower: The GOP Congress Hates (Except When It Loves) Federal Spending
“You saw the House act,” Rep. Eric Cantor snapped to a reporter last Friday. Yeah, act like a petulant 4-year-old!
The majority leader of the GOP-controlled House has long been a whiney ideological brat who stamps his tiny feet in peevish anger whenever he can’t get his way on legislation. In this particular incident, Cantor tried to pretend that the House had approved more federal aid for thousands of Americans who’ve been devastated by natural disasters this summer. However, he had sabotaged his own “act” by slipping a poison pill into it.
You see, “federal aid” is a four-letter word to right-wing ideologues like Eric, so for weeks he had stalled the emergency funding that hard-hit families desperately need. Cantor and his fellow anti-government dogmatists in the House turned a straightforward humanitarian bill into their political football, insisting that any increase in funds must first be wholly paid for by cutting spending on other public needs. His ploy has become known as the “Cantor Doctrine” – budget purity first, people’s needs last.
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