Tag: Punting the Pundits

The Dow Jones Industrial Average hit a new high today, but don’t trust the Dow – it doesn’t have your best interests at heart

There is only one thing you need to know about finance: the stock market is not the economy. [..]

Most Americans know that the Dow is composed of a basket of 30 industrial stocks that are largely impervious to the struggles of ordinary Americans. If you separated these stocks, their rise would not be exciting. It’s hard to picture a family driving back from the food bank – poverty is also at all-time highs in America, by the way – chanting “three cheers for Alcoa! Let’s hear it for Caterpillar!” Americans, no matter how patriotic, don’t pull out the pom-poms when it’s a good quarter for Cisco. We just wait quietly for the riches to trickle down, for the companies to start hiring and for the rest of us to feel rich.

Karen Finney: Expand Section 5

Across the country, newly gerrymandered districts and redistricting schemes – such as the Shelby County proposal that would have cut the proportion of African-American voters from more than two-thirds to just one-third – threaten to dilute the electoral impact of increases in minority voter registration and turnout. In 2012, the Voting Rights Act not only helped to protect the rights of minority voters from Texas to Pennsylvania, from Florida to Alabama, from Mississippi to Wisconsin, but also contributed to record minority turnout in the presidential election. All of which suggests that the question Roberts and others should be asking is: Why Section 5 shouldn’t be extended to all 50 states going forward?

Nan Hunter: Will the Supreme Court Be Left Behind on Gay Marriage?

In case you haven’t noticed, the biggest question facing the Supreme Court when it decides the gay marriage cases this spring has become whether it can rise to the level of LGBT rights ferocity already achieved by American business leaders, moderate Republicans and the Obama administration. By the end of last week, when all the amicus briefs in support of striking down California’s Prop 8 and the Defense of Marriage Act (DOMA) had been filed, support for marriage equality seemed to have been transformed into the new normal-at least outside the confines of the Court.

In fact, judging from the press coverage of the briefs, if the justices don’t rule in favor of gay marriage, it is the Court that will look bad. This perception is an incredible achievement, a brilliant exercise in political framing by the lawyers and legal organizations behind the two cases, who mobilized the amicus show of force. The business brief and the Republican brief, especially, are clearly designed to provide political cover for the Court’s five conservative Justices.

Phaedra Ellis-Lamkins: Clean Air, Safe Communities, and Good Jobs? It’s Ours If We Want It.

Throughout history, nearly all of the progress we’ve made toward a more just and peaceful world has started with seeds of discomfort with the status quo, and the growing sense that a better way is possible.  That feeling is what gave birth to bold, audacious visions that have fueled our greatest gains over the past century-from child labor laws to the Civil Rights Movement.

Today, there is a growing dissatisfaction in America-and concerns about our economy and our health and safety are among the biggest sources. More and more of us find ourselves sharing the same fears-even when our daily lives couldn’t be more different. The out-of-work veteran coal miner in Pennsylvania knows the anxiety of the 22-year-old debt-laden college grad who can’t find a decent job. Just as the Hurricane Katrina survivor knows the agony and loss of the super storm Sandy victim.

Steven Brill’s article in Time Magazine about the cost of private health care is likely to make most of his readers very angry. Angry about the prices we pay, about the lives that are devastated, and about the fact that we’re one of the few developed countries without adequate health care for its citizens.

Economists have told us that the profit motive of privatization comes with an “invisible hand” that automatically corrects inequities in the market. It hasn’t worked that way for health care. The personal stories recounted below, and some additional facts to complement them, make it clear that an essential human need has been turned into a product that benefits a few people at the expense of many others. [..]

By treating the essential human need of health care as a product, the hospitals and doctors and drug companies and insurance companies and equipment suppliers are lured toward a pot of money, with little regard for the effects of their profit-making on average Americans.

The solution, of course, is Medicare for all. If, that is, the invisible hand of the market ever reaches out to average Americans.

Desmond Tutu: Nuclear Weapons Must Be Eradicated for all Our Sakes

No nation should own nuclear arms – not Iran, not North Korea, and not their critics who take the moral high ground

We cannot intimidate others into behaving well when we ourselves are misbehaving. Yet that is precisely what nations armed with nuclear weapons hope to do by censuring North Korea for its nuclear tests and sounding alarm bells over Iran’s pursuit of enriched uranium. According to their logic, a select few nations can ensure the security of all by having the capacity to destroy all.

John Nichols: If Switzerland Can Crack Down on CEOs, Why Not the US?

Does anyone seriously doubt that, if America had the same national referendum system that Switzerland does, voters in the United States would vote just as aggressively as the Swiss have to curb CEO abuses?

Actually, the 68 percent support for Sunday’s Swiss referendum that gives shareholders broad new powers to curb excessive pay for bankers and corporate executives might well be shy of the mark that the US could hit.

Polls of American voters have regularly shown that over 70 percent favor restrictions on executive compensation, with even self-identified conservatives registering majority support for clamping down on CEOs.

Tom Engelhardt: Climate Change as History’s Deal-Breaker

(or Where Is Everybody?) Why It’s So Tough to Get Your Head Around Climate Change

Two Sundays ago, I traveled to the nation’s capital to attend what was billed as “the largest climate rally in history” and I haven’t been able to get the experience — or a question that haunted me — out of my mind.  Where was everybody? [..]

Sixty environmental and other organizations were backing the demonstration, including the Sierra Club with its hundreds of thousands of members.  Given what was potentially at stake, it never crossed my mind that the turnout wouldn’t be substantial.  In fact, on that frigid day, lots of demonstrators did turn up.  Evidently, they knew the dirty little secret of such events: that much talk would precede a modest amount of walking and inventive slogan shouting.  So they arrived — poured in actually — late, and in real numbers.

With the sequester now beginning, I find myself thinking about Robert F. Kennedy — and 46 years ago when I was an intern in his Senate office.

1967 was a difficult time for the nation. America was deeply split over civil rights and the Vietnam War. Many of our cities were burning. The war was escalating.

But RFK was upbeat. He was also busy and intense — drafting legislation, lining up votes, speaking to the poor, inspiring the young. I was awed by his energy and optimism, and his overriding passion for social justice and the public good. (Within a few months he’d declare his intention to run for president. Within a year he’d be dead.)

The nation is once again polarized, but I don’t hear our politicians talking about social justice or the public good. They’re talking instead about the budget deficit and sequestration.

At bottom, though, the issue is still social justice.

David Woolner: FDR Put Humanity First; the Sequester Puts It Last

Eighty years ago this month, at the height of the worst economic crisis in our nation’s history, Franklin D. Roosevelt delivered on his promise to launch a New Deal for the American people. Not wedded to any one program, idea, or ideology, the New Deal was founded on the very simple premise that when the free market failed to provide basic economic security for the average American, government had a responsibility to provide that security. [..]

As it turns out, FDR’s decision to put “humanity first” was not only the right moral decision, it was also the right economic decision. For the deficit spending that he finally unleashed in World War II, coupled with the social and economic reforms put in place during the New Deal, led to one of the longest periods of economic prosperity in America’s history and the birth of the modern American middle class.

Sadly, all of the evidence to date suggests that our leaders in Washington are quite happy “to pass by on the other side” and let the sequester proceed without so much as a fight. With roughly 16 million people across the country still unemployed, this is surely “a crime against the American people.”

Margaret Kimberly: Hollywood’s Propaganda

“Movies have become a happy arm of the United States government as they advocate for violence and war crimes.”

There isn’t any part of popular culture which allows the citizens of this country to escape the glorification of American imperialism. One can’t watch a football game without seeing an honor guard present the colors, or soldiers stationed in Afghanistan, or in the worst case scenario a flyover of military jets. Commercials advertising everything from cars to dog food present endless images of soldiers returning home from the battlefield.

The movie industry has embraced the glorification of militarism and American violence practiced abroad as eagerly as professional sports or advertising. There is scarcely a big budget action movie whose plot doesn’t include a scene on an aircraft carrier and even children’s cartoons and games are brought back to life with story lines made in cooperation with the Department of Defense.

Michael Gould-Wartofsky: The Logic of Legalization

The political calculus behind immigration reform was supposed to have changed after the elections of 2012. The outcome of the elections, along with some basic economics, were supposed to have made the logic of legalization all but inevitable, setting the stage for the passage of comprehensive immigration reform early this year.

And yet, we remain mired in the same tired debates we were having back in 2007. [..]

The logic of legalization implies three simple steps. The first step is one the President could take tomorrow:  a national moratorium on deportations. The second is one that Congress could take the very next day:  universal adjustment of status, from “illegal alien” to legal permanent resident, for all 11 million. The third step is one that follows directly from the second:  a clear path to citizenship for legalized immigrants, including the Dreamers, along with a path to empowerment for excluded workers, equal access to education for immigrant students, and reunification for mixed-status families.

Imagine a plot to undermine the government of the United States, to destroy much of its capacity to do the public’s business, and to sow distrust among the population.

Imagine further that the plotters infiltrate Congress and state governments, reshape their districts to give them disproportionate influence in Washington, and use the media to spread big lies about the government.

Finally, imagine they not only paralyze the government but are on the verge of dismantling pieces of it.

Far-fetched? Perhaps. But take a look at what’s been happening in Washington and many state capitals since Tea Party fanatics gained effective control of the Republican Party, and you’d be forgiven if you see parallels.

Robert Borosage; Washington’s Sequester: Into the Vast Inane

Someone asked the Master about the principles of … traveling into the vast inane.

– From the Bao Pu Zi, AD 320,

Joseph Needham, Science and Civilization in China

Welcome to the vast inane.  Today the “sequester” – mindless, across the board cuts of military and domestic spending designed to be abhorrent – will go into effect. Republicans claimed a “big victory” as House Speaker John Boehner shut down any negotiations and sent the House home.  The cuts will cost jobs and add to the headwinds facing the economy.  The sequester will be followed by operatic melodrama over keeping the government open after the end of March and keeping the government from defaulting on its debt beginning in the middle of May.

Jon Soltz: Sequester, Our Military, and the Confused GOP

On the dawn of sequestration, Republicans are still in deep disagreement over how it will affect our military, and in even deeper disagreement over how to handle it. One thing they do seem to agree on, though, is that they aren’t willing to close corporate tax loopholes to avoid it.

To the disagreements, just the other day, Senator John Cornyn flip-flopped on his position, saying that sequestration won’t affect national security, because, he claims, overall funding for the Pentagon will go up. First of all, that’s patently false. Second of all, it’s a change in tune from 2011, when he called sequestration cuts, “arbitrary and reckless.” On the other side of the party, you have senators like John McCain, who warn of impending disaster for the military, if the cuts go through. Calling the cuts “unconscionable,” McCain said, “Across-the-board cuts are the worst and most cowardly way to approach this situation.”

David Sirota: Mental Health: Time to Stop White-Knuckling It

As anyone who has ever experienced a panic attack well knows, one of the most difficult aspects of managing anxiety disorders is having to do it in secret for fear of being labeled a freak. I can personally attest that such a fear often makes the problem worse, compounding generalized worry with the specific concern that you will be ostracized.

This is why the last year has been so important for the 40 million Americans like me who the National Institute of Mental Health says periodically suffers from anxiety-related disorders. It was a year that saw these all-too-common ailments emerge from the shadows.

A recent study confirmed that control fraud was endemic among our most elite financial institutions: Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market. Tomasz Piskorski, Amit Seru & James Witkin (February 2013) (“PSW 2013”).

The key conclusion of the study is that control fraud was “pervasive.”

   [A]lthough there is substantial heterogeneity across underwriters, a significant degree of misrepresentation exists across all underwriters, which includes the most reputable financial institutions.

Finance scholars are not known for their sense of humor, but the irony of calling the world’s largest and most harmful financial control frauds our “most reputable” banks is quite wondrous. The point the financial scholars make is one Edwin Sutherland emphasized from the beginning when he announced the concept of “white-collar” crime. It is the officers who control seemingly legitimate, elite business organizations that pose unique fraud risks because we are so loath to see them as frauds.

Joe Conason: While Republicans Warn Against ‘Greece,’ That Is Exactly Where Austerity Budgeting Will Lead U.S.

Indebted America is in danger of turning into destitute Greece, or so congressional Republicans and conservative commentators have been warning us for years now. For many reasons, this is an absurd comparison-but it may not always be quite so ridiculous if Washington’s advocates of austerity get their way.

The Republicans actually want to impose Greek-style budget slashing on the United States. And the federal budget sequestration scheduled to take effect next week could represent the first serious step here toward the kind of fiscal policies that have proved so ruinous not only in Greece-raising unemployment, destroying hope and encouraging extremism-but across Europe.

E.J Dionne: Ending the Permanent Crisis

This has to stop.

Ever since they took control of the House of Representatives in 2011, Republicans have made journeys to the fiscal brink as commonplace as summertime visits to the beach or the ballpark. The country has been put through a series of destructive showdowns over budget issues we once resolved through the normal give-and-take of negotiations.

The old formula held that when government was divided between the parties, the contending sides should try to “meet in the middle.” But the current Republican leadership doesn’t know the meaning of the word “middle,” so intimidated has it become by the tea party.

Richard (RJ) Eskow: If Government ‘Acted Like a Business,’ It Would Reject Today’s Deficit Madness

The pro-corporate, anti-majority political class is sustaining itself with a lot of self-serving myths these days. Guess you need to do that when you’re dismantling the social contract. In the closed society that is Insider Washington, rites and mythologies are used to promote the otherwise-indefensible: the cruel irrationality of Austerity Economics.

Dean Baker, for example, points out that Democrats must “prove their manhood” by cutting a treasured and valuable program like Social Security. (Funny: Republicans are never asked to do the same.) This initiatory rite is something like a Mafioso’s “earning his bones” as a “made man” by “whacking” somebody — in this case, his own grandmother.

Here’s another myth: Government must “act more like a business” through spending cuts. Is that really what a smart business person would do? What savvy executive would tell his managers to cut spending by a certain percentage over the next ten years when she or he doesn’t even know what the sales figures will look like?

The President’s “sequester” offer slashes non-defense spending by $830 billion over the next ten years. That happens to be the precise amount we’re implicitly giving Wall Street’s biggest banks over the same time period.

We’re collecting nothing from the big banks in return for our generosity. Instead we’re demanding sacrifice from the elderly, the disabled, the poor, the young, the middle class – pretty much everybody, in fact, who isn’t “too big to fail.”

That’s injustice on a medieval scale, served up with a medieval caste-privilege flavor. The only difference is that nowadays injustices are presented with spreadsheets and PowerPoints, rather than with scrolls and trumpets and kingly proclamations.

And remember: The White House represents the liberal side of these negotiations.

Norman Solomon: Three-Quarters of Progressive Caucus Not Taking a Stand Against Cuts in Social Security, Medicare and Medicaid

For the social compact of the United States, most of the Congressional Progressive Caucus has gone missing.

While still on the caucus roster, three-quarters of the 70-member caucus seem lost in political smog. Those 54 members of the Progressive Caucus haven’t signed the current letter that makes a vital commitment: “we will vote against any and every cut to Medicare, Medicaid, or Social Security benefits — including raising the retirement age or cutting the cost of living adjustments that our constituents earned and need.”

Jill Richardson: We’re All Guinea Pigs

I don’t want to expose the most precious people in my life to an endocrine disruptor.

A few years ago, my world changed when I began dating a single dad whose youngest child was a toddler. Bonding with and loving his two kids has been the single most enriching and rewarding – and sometimes frustrating and exhausting – experience of my life. [..]

Around the same time, I began reporting on some very scary chemical news. One by one, I’d discover the dangers of this toxic chemical or that one. I carefully eliminated these chemicals from my own life, replacing them with affordable and effective alternatives. [..]

One offending ingredient in the soaps and toothpaste marketed for tots is triclosan. It’s common in anti-bacterial soaps aimed at the grownup market too – as well as facial cleanser, shave gel, lip gloss, deodorant, and even dog shampoo. [..]

Triclosan is an endocrine disruptor, which means it can confuse the signals your body receives from hormones. It’s found in three-fourths of the liquid soap Americans use. (Another endocrine disrupting chemical, triclocarban, lurks in deodorant bar soaps.)

Chase Madar: The School Security America Doesn’t Need

Outrage over the Sandy Hook Elementary School massacre may or may not spur any meaningful gun control laws, but you can bet your Crayolas that it will lead to more seven-year-olds getting handcuffed and hauled away to local police precincts.

You read that right.  Americans may disagree deeply about how easy it should be for a mentally ill convicted felon to purchase an AR-15, but when it comes to putting more law enforcement officers inside our schools, the National Rifle Association (NRA) and liberal Democrats like Senator Barbara Boxer are as one.  And when police (or “school resource officers” as these sheriff’s deputies are often known) spend time in a school, they often deal with disorder like proper cops-by slapping cuffs on the little perps and dragging them to the precinct.

The media is going sequester 24-7. Anyone who hasn’t been paying attention to the across-the-board spending cuts about to hit this Friday is about to have little choice. The brouhaha about the austerity bomb is drowning out any attention to what is actually going on in the economy – which is supposedly the point of the whole debate.

The stark reality is the economy is still in trouble and Americans are still hurting. The economy contracted last quarter, even before Americans got hit with the end of the payroll tax holiday, which will take $1,000 out of the typical family’s annual paycheck. The Congressional Budget Office projects that growth will inch along at about 1.5 percent this year. That translates into continued mass unemployment – with more than 20 million people in need of full-time work – and falling wages. The richest 1 percent captured an unimaginable 121 percent of all income growth in 2009 and 2010, coming out of the Great Recession. They pocketed all of the growth in income, while 99 percent of Americans actually lost ground. That trend is likely to get worse rather than better. [..]

Yet most of Washington – from the newly reelected Democratic president to the self-described insurgent Tea Party Republicans – is ignoring this reality to focus on cutting deficits.

Diane Roberts: Jim Crow Isn’t Dead, He Just Got Lawyers

The US Supreme Court’s upcoming decision on the Voting Rights Act could let discriminatory laws make a comback

When a black man won the White House in 2008, many in the commentariat declared the United States a “post-racial” society, no longer hamstrung by old hatreds, freed at last from the embarrassments of segregation – finally and triumphantly color blind.

Conservatives have been telling themselves some version of this pretty lie ever since Robert E Lee surrendered at Appomattox. On 27 February, we’ll hear it again when the supreme court takes up a challenge to the 1965 Voting Rights Act. The case, Shelby County v Holder, centers on Section 5 of the VRA, which requires that nine states with histories of discrimination (Virginia, Alabama, Mississippi, South Carolina, Louisiana, Texas, Georgia, Alaska and Arizona), and parts of seven more states must seek permission from the justice department to change election laws. The Alabama county argues that Section 5 is an unconstitutional infringement on “state sovereignty”, and a relic from the bygone days of poll taxes and literacy tests. [..]

As President George W Bush said when he signed the reauthorization of the Voting Rights Act a mere seven years ago: “In the four decades since the Voting Rights Act was first passed, we’ve made progress toward equality, yet the work for a more perfect union is never ending.”

Jessalyn McCurdy: Sequestration Puts Spotlight on America’s Dangerously Overcrowded Federal Prisons

Talk about worrying about the symptom instead of the cause: Attorney General Eric Holder recently sent a letter to Sen. Barbara Mikulski (D-MD), Chair of the Senate Appropriations Committee, warning of the devastating effect budget cuts will have on the Federal Bureau of Prisons (BOP) if sequestration moves forward. If no deal is reached by March 1, the BOP will face a 5% reduction in staffing levels. His letter paints a scary picture:

   [The cuts] would endanger the safety of staff and over 218,000 inmates. As a consequence, BOP would need to implement full or partial lockdowns and significantly reduce inmate reentry and training programs. This would leave inmates idle, increasing the likelihood of inmate misconduct, violence, and other risks to correctional workers and inmates.

Holder’s concerns are legitimate, but he’s not talking about the real problem: our federal prison population is completely out of control.

Haifa Zangana: For Iraqi Women, America’s Promise of Democracy is Anything But Liberation

Iraq’s jailers learned their abuses from the allied occupiers. And under today’s sectarian regime, women are under assault

A decade on from the US-led invasion of Iraq, the destruction caused by foreign occupation and the subsequent regime has had a massive impact on Iraqis’ daily life – the most disturbing example of which is violence against women. At the same time, the sectarian regime’s policy on religious garb is forcing women to retire their hard-earned rights across the spectrum: employment, freedom of movement, civil marriage, welfare benefits, and the right to education and health services.

Instead, they are seeking survival and protection for themselves and their families. But for many, the violence they face comes from the very institution that should guarantee their safety: the government. Iraqi regime officials often echo the same denials of the US-UK occupation authorities, saying that there are few or no women detainees. An increasing number of international and Iraqi human rights organizations report otherwise.

Sometimes, the world can be such a simple, black-and-white sort of place.  Let me give you an example.  Imagine for a moment that the Iranians kidnap an American citizen from a third country.  (If you prefer, feel free to substitute al-Qaeda or the North Koreans or the Chinese for the Iranians.)  They accuse him of being a terrorist.  They throw him in jail without charges or a trial or a sentence and claim they suspect he might have crucial information (perhaps even of the “ticking bomb” sort — and the Iranians have had some genuine experience with ticking bombs). Over the weeks that follow, they waterboard him time and again. They strip him, put a dog collar and leash on him.  They hood him, loose dogs on him. They subject him to freezing cold water and leave him naked on cold nights. They hang him by his arms from the ceiling of his cell in the “strappado” position. I’m sure I really don’t have to go on.  Is there any question what we (or our leaders) would think or say? [..]

We would call them barbarians. Beyond the bounds of civilization. Torturers. Monsters. Evil. No one in the U.S. government, on reading CIA intelligence reports about how that American had been treated, would wonder: Is it torture? No one in Washington would have the urge to call what the Iranians (al-Qaeda, the North Koreans, the Chinese) did “enhanced interrogation techniques.” If, on being asked at a Senate hearing whether he thought the Iranian acts were, in fact, “torture,” the prospective director of the CIA demurred, claimed he was no expert on the subject, no lawyer or legal scholar, and simply couldn’t label it as such, he would not be confirmed.  He would probably never have a job in Washington again.

Robert Reich: Why Obama Must Meet the Republican Lies Directly

The White House apparently believes the best way to strengthen its hand in the upcoming “sequester” showdown with Republicans is to tell Americans how awful the spending cuts will be, and blame Republicans for them.

It won’t work. These tactical messages are getting in the way of the larger truth, which the President must hammer home: The Republicans’ austerity economics and trickle-down economics are dangerous, bald-faced lies. [..]

President Obama has the bully pulpit. Americans trust him more than they do congressional Republicans. But he is letting micro-tactics get in the way of the larger truth. And he’s blurring his message with other messages — about gun control, immigration, and the environment. All are important, to be sure. But none has half a chance unless Americans understand how they’re being duped on the really big story.

Ralph Nader: How to Tame the Corporation

In an interview in the August 20, 1916 edition of the New York Times titled “Why American Business is Constantly Pounded,” James A. Emery, then general counsel for the National Council of Industrial Defense said: “Nothing can illustrate more clearly the characteristic operation of these local and peculiar prejudices than the use that has been made of, and the attitude of mind that has been created toward, the term ‘corporation.’ A mere legal description, it has become upon the lips of some an epithet, and upon those of others an accusation and an indictment that often without a hearing amounts to a conviction of business wrong.”

This was the big business lobby response nearly a century ago to the attacks on the expansion of corporate power. As Mr. Emery puts it, the corporate entity was nothing more then harmless legal speak, even as corporate power and influence rapidly metastasized in the United States in the early 20th century. How many “business wrongs” have been committed by corporations in the past hundred years? What about the past decade alone?

Allen Keller: May I Have the Waterboard Please…

Neither waterboards, nor Zero Dark Thirty, which won but ½ an Oscar for sound editing, received much attention at last night’s Academy Awards. Perhaps the better films won or it was luck of the draw. Perhaps, as British commentator Glenn Greenwald said “The stigma attached to the pro-torture CIA propaganda vehicle, beloved by film critics result(ed) in Oscar humiliation.”

I appreciate such indignation, as well as that by the Senate Select Committee on Intelligence’s Chairman Senator Dianne Feinstein and other elected officials who asserted Zero Dark Thirty presents a distorted, inaccurate view about torture’s effectiveness and its role in finding Osama Bin Laden. But if the record is to be set straight, the responsibility lies with our elected officials — not with Hollywood.

President Obama and his advisers are wagering that Republicans will take the political blame if the sequester of $85 billion in automatic budget cuts is actually executed March 1. The president’s public remarks keep emphasizing the risk to the recovery, the loss of jobs, the inconvenience to the public and the generally obstructionist posture of Republicans in Congress.

He is certainly right — in the short run. But the potential for damage to Obama and the Democrats is far greater in the years between now and the next mid-term (2014) and presidential (2016) elections.

Why are Democrats more at risk?

Richard (RJ) Eskow: Washington’s Stupid, Destructive Game

It’s Monday morning in America. That means we’re about to endure another week of pointless debate over the precise methods by which our federal government will impose more needless misery on the hapless population, instead of addressing its eminently fixable economic problems.

Readers of our nation’s newspapers might be forgiven for believing that the citizens of our nation have been condemned to some sort of quotidian hell as punishment for our collective crimes, where we must suffer the pangs of deprivation while listening to endless debates about how best to compound our misery.

Robert Fisk: War on Terror is the West’s New Religion

But all the crusading and invading simply plays into al-Qa’ida’s hands – just ask the French

Mohamed al-Zawahiri, younger brother of Osama bin Laden’s successor, Ayman, made a particularly intriguing statement in Cairo last month. Talking to that wonderful French institution Le Journal du Dimanche about Mali, he asked the paper to warn France “and to call on reasonable French people and wise men not to fall into the same trap as the Americans. France is held responsible for having occupied a Muslim country. She has declared war on Islam.” No clearer warning could France have received. And sure enough, one day later, suicide bombers attacked occupied Gao, while, exactly 10 days later, France lost its second soldier in Mali, shot dead by rebels in a battle in the Ifoghas mountain range. That’s where, according to the tired old rhetoric of President Hollande, there had been a battle with “terrorists” who were “holed up” in the area during an operation which was “in its last phase”. The phraseology is as wearying – you could listen to the same old wording in almost every US pronouncement during the Iraqi war – as is the West’s incomprehension of the new al-Qa’ida.

Robert Reich: Why Customers Are Disappearing, Why Higher Unemployment Is the Likely Result, and Why Many in Washington Don’t Have Half a Brain

Can we just put aside ideology for one minute and agree that businesses hire more workers if they have more customers, and fire workers if they have fewer customers?

There are two big categories of customer: One is comprised of individual consumers. The other is government.

We tend to think of the government as a direct employer — of teachers, fire fighters, civil servants.

But government is also a major customer of the private sector. It buys school supplies, pharmaceuticals, military equipment, computers. It hires private companies to build roads and bridges, dredge ports, manage data.

One out of every five Americans works for a company whose customer is the government.

Here’s the problem: Both categories of customer are buying less.