“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”.
New York Times Editorial: Not What Paul Volcker Had in Mind
The Volcker rule, a crucial provision of the Dodd-Frank financial reform law, is supposed to stop banks from doing the sort of risky trading that was one of the big causes of the financial meltdown.
The banks hate the rule because less speculation means less profit and lower bonuses for traders and bank executives. And ever since it was signed into law in mid-2010, they have pressed Congress and regulators to weaken it. Sure enough, in late 2011, regulators issued proposed rules that are ambiguously worded and lack the teeth to rein in the banks. Paul Volcker – the former chairman of the Federal Reserve for whom the rule was named – and other reformers have rightly urged significant changes before the rule becomes final in mid-July. Regulators need to listen.
Barry Lando: The World Turns Its Back-Again
Thousands of largely unarmed people rise up against a brutal regime. In reaction, military commanders are dispatched to ruthlessly crush the revolt. Men, women and children are cut down in cold blood, houses and apartments destroyed, the streets littered with body parts and piles of the dead. Desperate appeals are made to the world for help, for arms, for medicines, for rescue.
The leaders of the world wring their hands and meet to deal with the horrific situation. Regrettably, there are too many reasons not to act, too many complications, too many subtleties. Sophisticated diplomats and heads of state understand these things. The slaughter continues.
One such meeting just ended in Tunis on Feb. 24, called to deal with the uprising in Syria. The other was held in Bermuda in April 1943, with delegations from the U.S. and Britain, to discuss the terrible predicament of the millions of Jews trapped in Hitler’s Europe.
There’s been a lot of bad news coming from Afghanistan in recent weeks-deep anti-American sentiment finally overflowed into violence when it was revealed American soldiers burned copies of the Koran at Bagram airbase on February 20. More than 30 people have been killed in revenge attacks, and 11,000 Afghans took to the streets in protest this weekend.
Two American troops were killed inside the Afghan Interior Ministry last week, also in response to the Koran burning, leading to the unprecedented removal of all military personnel from the government ministries. Given that this is the government the United States is trying to build up, it’s a troubling development to say the least, as is the fact that 10 of the last 58 coalition deaths have come at the hands of America’s Afghan partners.
Much to its credit, the White House press corps put press secretary Jay Carney through the ringer on the war yesterday-he was peppered through most of his daily briefing with smart, tough questions about the recent violence and the overall viability of the U.S. strategy in Afghanistan.
Eugene Robinson: Santorum in the Extreme
For all his supposed authenticity, Rick Santorum is not what he seems. Beneath that sweater vest beats the heart of a calculating and increasingly desperate politician who has gone beyond pandering all the way to shameless demagoguery.
That’s the charitable view. The uncharitable take on Santorum’s incendiary rhetoric is that he actually believes this stuff. Either way, it’s time for Republican voters to end his little electoral adventure and send him back to the cosseted life of a Washington influence-peddler.
The image of aw-shucks earnestness that improbably landed Santorum in the Republican Party’s Final Four was beginning to fade. Mitt Romney, who is nothing if not relentless, was beginning to climb back up in the polls, and Santorum risked becoming nothing more than the latest of a series of anti-Romneys to bite the dust. Something had to change-so, in recent days, Santorum’s avuncular smile has become a nasty sneer.
John Nichols: GOP Candidates Embrace Anti-Labor, Free-Market Fundamentalism
Much is being made, and appropriately so, about the extremism of the Republican presidential field when it comes to reproductive rights and ripping down Thomas Jefferson’s wall of separation between church and state.
It is not just Rick Santorum. Three of the four Republican contenders for the presidency-the sometimes exception is Ron Paul-are running campaigns that position them as theocratic extremists of a far more radical bent than religious-right contenders such as Pat Robertson in 1988 or Gary Bauer in 2000.
But there was an ever more arch fundamentalism on display among the Republican contenders as they battled across Arizona and Michigan in anticipation of today’s critical primaries in those states.
Like Wisconsin Governor Scott Walker, Ohio Governor John Kasich and Maine Governor Paul LePage, they are anti-labor extremists whose opposition to free trade unions goes to extremes not seen since southern segregationists sought to bar unions because of their fear that white workers and people of color were being organized into labor organizations that would threaten “Jim Crow.”
Ari Berman: Who Will ‘Reagan Democrats’ Support in 2012?
In 2008, the Democratic polling firm Greenberg Quinlan Rosner described Macomb County, Michigan-home to the bellwether suburbs north of Detroit-as “90 percent white, half Catholic, 40 percent union families, one third over 60.” Macomb was once the most Democratic suburb in the country, giving LBJ 75 percent of the vote in 1964, but it swung sharply to Republicans in the 1980s and has been a pivotal swing county in the state ever since. Gore won it by two, Kerry lost it by one and Obama won it by eight.
The archetypal “Reagan Democrats” make up a fifth of Macomb’s electorate. These blue-collar, non-college-educated white voters abandoned the Democratic Party in the ’70s and ’80s, out of anger at Democratic support for policies like welfare and affirmative action, and leapt into the outstretched arms of Ronald Reagan, who won Macomb County by thirty-three points in 1984. They’ve been an important part of the GOP coalition ever since. “In the 2008 Michigan primary,” wrote National Journal’s Ron Brownstein, “57 percent of GOP voters lacked a college education and 75 percent earned less than $100,000 annually.”
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