“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.
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Katrina vanden Heuvel: Time for ‘Banksters’ to be prosecuted
“Banksters,” the cover of the Economist magazine charges, depicting a gaggle of bankers dressed as extras off the “Goodfellas” lot. The editors were reacting to Libor-gate, the collusion among traders of major banks to fix the London interbank offered lending rate, the most recent, most obscure and the most explosive revelation from what seems a bottomless pit of corruption in global banks.
Once more the big banks are exposed in systematic fraudulent activity. When Barclays agreed to a $450 million fine for trying to rig the Libor, its CEO offered the classic excuse: Everyone does it. Once more the question remains: Will CEOs and CFOs, as well as traders, be prosecuted? Or will they depart with their multimillion dollar rewards intact, leaving shareholders to pay the tab for the hundreds of millions in fines?
Imara Jones: Honestly, the Jobs Outlook Is Bleak Because the GOP Wants It That Way
In June, just 80,000 jobs were created. That’s only 11,000 more than in May and still below what’s needed to keep up with population growth. As a result, the overall unemployment rate remained stuck at 8.2 percent.
Black unemployment climbed to 14.4 percent. Latino unemployment remained in the double digits. Youth unemployment is still the highest in decades. One out of six Americans is underemployed. Five million Americans have given up looking for jobs and just disappeared from the workforce all together. If they were back in the jobs market, the unemployment rate would stand at over 11 percent. [..]
To the detriment of us all, the GOP has opted out of taking any responsibility for fixing the entirely solvable problems of employment and economic growth.
Mitt Romney escaped the record heat this weekend by attending several parties in his honor in the Hamptons. Early predictions were that one afternoon in this elite enclave would net the candidate more than $3 million for his campaign.
Less than 200 miles away in Philadelphia, where the median income hovers at $36,000 and a quarter of the city lives below the poverty line, there were no beach parties, but some disturbing news. The Philadelphia Inquirer reported that state election officials upped the number of statewide voters potentially affected by the new voter ID laws from the 90,000 that Governor Corbett claimed to 758,000. A full 9.2 percent of the state’s eligible voters could be turned away from the polls in November, despite being eligible. In Philadelphia, where over half of the city’s residents are people of color, 18 percent of registered voters lack proper ID under the state’s new laws-laws that Pennsylvania House leader Mike Turzai claimed will deliver the state to Romney in November.
These twin anecdotes seem to perfectly capture the GOP 2012 plan for victory: “voters out, money in.” Despite the massive capital advantage the Republicans have accrued, they’re still driving a strategy of disenfranchisement and destruction that imperils our democracy and seeds distrust among a populace already experiencing record lows of confidence in their elected leadership.
Bryce Covert: To Achieve Work-Family Balance, Americans Have to Work Less
It seems the summer heat is making us think about how to escape work. Tim Kreider’s New York Times op-ed on our overly busy lives made a huge splash, while Mitt Romney himself came out (sort of) for vacations for all. Meanwhile, the controversy continues to swirl over Anne-Marie Slaughter’s article about why women “can’t have it all,” meaning that they still struggle to balance family and career. What do these topics have to do with each other? Everything. If we truly want improved work-family balance for American families-mothers and fathers alike-then we have to address the fact that Americans are overworked. We have to work less. Period. [..]
If Americans want the time for both families and successful careers, we have to demand policies that will allow us to work less. Women have taken the workforce by storm over the past half-century, entering it in droves. That means that many families now have two parents in the workforce, disrupting the Leave It to Beaver family structure in which one parent (i.e., Dad) goes to work to make money and one parent (Mother Dearest) stays home to tend to the house and raise the children. According to the Center for American Progress, today less than a third of all children have a stay-at-home parent, while over half did less than thirty years ago. In fact, nearly half of all families with children have two working parents.
Madeleine Kunin: Why Families Can’t “Have It All”
Anne-Marie Slaughter, the first woman director of Policy Planning in the State Department, sent Internet sparks flying when her recent Atlantic cover story told women that, yes, she’d tried to have it all-an elite career and a happy family-but, she couldn’t do it. And, she told readers, neither can any other woman. In the midst of the ensuing firestorm, a simple reality emerged: men can’t have it all, either. The solution to work-life balance lies not in the battle of the sexes, but in the policy fixes that have stalled for decades in the United States while we have watched the rest of the world, including developing countries, pass us in the race to make life better for working families.
That’s a race that Americans seem to be largely unaware of, despite its importance. The personal story Slaughter conveyed was unusual. Not every woman works in Washington while her family lives in Princeton, or has to pull all-nighters on her office couch while worrying about her teenage son. Yet the tug of war between work and family-that never-ending balancing act that all families attempt to perfect-is far from unusual. Instead of concluding that we have to reject the women’s movement’s promise that women could “have it all,” it’s time to acknowledge that many of the same limitations hold true for men. Getting home in time to read a bedtime story and kissing the kids goodnight is becoming important for fathers, as well as mothers.
Leslie Savan: By Dumping on Mitt, Is the GOP Making a Steal Plausible?
It’s actually good, from a Republican point of view, that party powers like Rupert Murdoch, his Wall Street Journal and Bill Kristol are piling on Mitt Romney as a lousy candidate now, in July. And not just because it gives Romney a chance to shake up his campaign and satisfy his overlords’ demands over the summer. (He’s already begun.) But by squeezing him through the Adjustment Bureau now, the top GOPers can, by November, sing another tune: Romney is a plausible candidate, he can beat Obama. That way, if he “wins” with the help of massive voter suppression, it won’t seem so much like they’ve stolen the election.
I’m not saying Romney can’t win fair and square; sure, he could, especially if the economy spirals downward. But the Republicans won’t risk giving fair-and-square a chance. This is playing out most nakedly in Pennsylvania, where Obama is up over Romney by a Real Clear Politics average of eight points. No problem, says state House majority leader Mike Turzai. In tallying up the party’s achievements last month, he brayed, “Voter ID, which is gonna allow Governor Romney to win the state of Pennsylvania, done.”
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