Tag: Politics

Supreme Court To Revisit Affirmative Action

Affirmative Action has been around since 1961 when President John F. Kennedy issued his executive order which created the Committee on Equal Employment Opportunity and mandates that projects financed with federal funds take affirmative action” to ensure that hiring and employment practices are free of racial bias. In 1964, President Lyndon B. Johnson signed the Civil Rights Act which prohibits discrimination of all kinds based on race, color, religion, or national origin. Since then Affirmative Action has gone through the courts where it has been narrowed but essentially left intact. The last major challenge to the University of Michigan’s Affirmative Action admissions policy (Grutter v. Bollinger) resulted in the Supreme Court in a narrow 5 – 4 ruling up held the University’s policy.

Challenges didn’t end there. In January of 2011, the 5th Circuit Court of Appeals, ruled against a student who challenged the University of Texas’ policy in Fisher v. University of Texas (pdf). The plaintiffs appealed and the Supreme Court has decided to reconsider what has been considered decided law (stare decisis). In Grutter v. Bollinger the deciding vote was cast by Justice Sandra Day O’Connor who has since retired and was replaced by the very conservative Samuel Alito. Justice Elena Kagan, who was solicitor general when the Obama administration filed the Fifth Circuit brief, recused herself from the case. So the case will be considered by only 8 Justices, 4 of whom are very conservative. The deciding vote may fall to Justice Anthony Kennedy who has sided with the more conservative justices in recent rulings.

George Washington University law professor, Jonathan Turley joined Keith Olbermann on Countdown to discuss what might happen when the U.S. Supreme Court reconsiders the legality of affirmative action:

Punting the Pundits

“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”.

Robert Reich: The Gas Wars

Nothing drives voter sentiment like the price of gas – now averaging $3.56 a gallon, up 30 cents from the start of the year. It’s already hit $4 in some places. The last time gas topped $4 was 2008.

And nothing energizes Republicans like rising energy prices. Last week House Speaker John Boehner told Republicans to take advantage of voters’ looming anger over prices at the pump. On Thursday House Republicans passed a bill to expand offshore drilling and force the White House to issue a permit for the Keystone XL pipeline. The tumult prompted the Interior Department to announce on Friday expanded oil exploration in the Arctic.

If prices at the pump continue to rise,  expect more gas wars.

In fact, oil prices are rising for three reasons – none of which has to do with offshore drilling or the XL pipeline.

New York Times Editorial: Immigration and the Campaign

The Republican presidential candidates have not made immigration a focus of their campaigns. But, as they head toward a debate on Wednesday in Arizona, ground zero for anti-immigrant hostility, it is a good time to ask them hard questions about immigration. The odds are bad that they will have sensible answers.

These candidates have abandoned decades of Republican moderation on immigration, disowning views once held by Ronald Reagan, both Presidents Bush and Congressional Republicans – like Mel Martinez, Sam Brownback, Lindsey Graham and John McCain – who once led a sizable coalition for bipartisan reform but have since either left the Senate or their principles behind.

Robert Kuttner: The Radical Center We Don’t Need

Tom Friedman of the New York Times is at it again, claiming that what America needs to fix our economic and political mess is a radically centrist third party. Radical in this case means conservative when it comes to belt-tightening. Friedman in Sunday’s Times urges a third party “to fill the space between the conservative Santorum (or even Mitt Romney) and the left-of-center Barack Obama.”

Friedman has written this column before.

This time, he has a coyly undeclared candidate, David Walker, formerly president of the austerity-mongering Peter G. Peterson Foundation. Walker, who served in a previous life as head of the Government Accountability Office, has been barnstorming around the country, denying that he is running for anything, blaming America’s woes on Social Security, Medicare, and Federal deficits. [..]

Austerity, as we see in Europe, is absolutely the wrong economic policy. It feeds on itself, driving the economy deeper into a hole. As GDP sags, wages and tax receipts sag with it, making budget balance a vanishing mirage. The more you cut the deficit, the more the economy falters, and the cycle repeats.

The combination of bad economic advice, a ballot slot bought and paid for by secretive private equity and hedge fund players, and a candidate who became a media figure courtesy of Peter G. Peterson, epitomizes everything messed up about our politics. How fitting that Tom Friedman should be its tribune.

George Monbiot: We Need to Know Who Funds These Thinktank Lobbyists

The battle for democracy is becoming a fight against backroom billionaires seeking to shape politics to suit their own interests

Shocking, fascinating, entirely unsurprising: the leaked documents, if authentic, confirm what we suspected but could not prove. The Heartland Institute, which has helped lead the war against climate science in the United States, is funded among others by tobacco firms, fossil fuel companies and one of the billionaire Koch brothers. [..]

The leading Republican candidates have all but abandoned the idea of mobilising popular support. Instead they use the huge funds they raise from billionaires to attack the credibility of their opponents through television ads. Yet more money is channelled through 501c4 groups – tax-exempt bodies supposedly promoting social welfare – which (unlike the superPACs) don’t have to reveal the identity of their donors. TomDispatch notes that “serving as a secret slush fund for billionaires evidently now qualifies as social welfare.” [..]

This is plutocracy, pure and simple. The battle for democracy is now a straight fight against the billionaires and corporations reshaping politics to suit their interests. The first task of all democrats must be to demand that any group, of any complexion, seeking to effect political change should reveal its funders.

John Nichols: David Koch Admits to Helping Walker Big-Time

Billionaire campaign donor David Koch, heir to a fortune and a political legacy created by one of the driving forces behind the John Birch Society, makes no secret of his enthusiasm for Wisconsin Gov. Scott Walker.

“What Scott Walker is doing with the public unions in Wisconsin is critically important. He’s an impressive guy and he’s very courageous,” Koch explained in a recent conversation reported by the Palm Beach Post. “If the unions win the recall, there will be no stopping union power.”

That’s no surprise. What is surprising is that Koch now appears to be bragging about how he and his brother Charles are using their vast fortune to fund an independent campaign aimed at “helping” Walker. Even in an era when billionaires such as the Kochs are emerging as key financiers of super PACs and other campaign vehicles, Koch’s admission will raise eyebrows – and questions about whether inappropriate coordination by a candidate, his campaign and a supposedly independent group might be the stuff of “scandal.”

Eugene Robinson: Rick Santorum could take Republicans down with him

Republicans haven’t quite thrown away what they see as a winnable presidential election, at least not yet. But they’re trying their best.

In GOP circles, there is more than a whiff of panic in the air. Unemployment is still painfully high, Americans remain dissatisfied with the country’s direction, even the most favorable polls show President Obama’s approval at barely 50 percent – and yet there is a sense that the Republicans’ odds of winning back the White House grow longer day by day. [..]

The issue, for Republicans, is not just that Santorum would lose in November. It’s that he could be a drag on House and Senate candidates as well. Imagine, say, Sen. Scott Brown (R-Mass.) trying to explain to his constituents why someone who doesn’t fully understand women’s participation in the workforce should be president.

Listen closely and you can hear the anguished cries: “Mitch! Chris! Jeb! Help!”

Ben Adler: Conservatives’ War on Women’s Sexuality

If you have been surprised to see an uptight prig such as Rick Santorum leading the Republican primary field in national polls, you shouldn’t be. Recent events have demonstrated that conservative positions on social issues are as much about repressing women and reversing the gains of the women’s movement as they are about saving the lives of the unborn.

The young people I saw at the Conservative Political Action Conference (CPAC) in Washington the week before last looked to me exactly like what you would expect from a bunch of college Republicans. They were dorks. They wore suits. Maybe some of the women’s suit skirts were short, but I was hardly scandalized.

But we learned last week that much of the conservative movement is still living in a different century-and I don’t mean the twentieth-with regard to women’s sexuality. Conservative bloggers were horrified that some young women at CPAC were dressed provocatively and engaged in loose sexual behavior with the young men in attendance.

Punting the Pundits

“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”.

Paul Krugman: Pain Without Gain

Last week the European Commission confirmed what everyone suspected: the economies it surveys are shrinking, not growing. It’s not an official recession yet, but the only real question is how deep the downturn will be.

And this downturn is hitting nations that have never recovered from the last recession. For all America’s troubles, its gross domestic product has finally surpassed its pre-crisis peak; Europe’s has not. And some nations are suffering Great Depression-level pain: Greece and Ireland have had double-digit declines in output, Spain has 23 percent unemployment, Britain’s slump has now gone on longer than its slump in the 1930s.

Worse yet, European leaders – and quite a few influential players here – are still wedded to the economic doctrine responsible for this disaster.

E. J. Dionne, Jr.: Ideological Hypocrites

When we talk about hypocrisy in politics, we usually highlight personal behavior. The multiply married politician who proclaims “family values” while also having affairs is now a rather dreary stock figure in our campaign narratives.

But the hypocrisy that matters far more is the gap between ideology and practice that has reached a crisis point in American conservatism. This Republican presidential campaign is demonstrating conclusively that there is an unbridgeable divide between the philosophical commitments conservative candidates make before they are elected and what they will have to do when faced with the day-to-day demands of practical governance. Conservatives in power have never been-and can never be-as anti-government as they are in a campaign.

Robert Reich: Manufacturing Illusions

Suddenly, manufacturing is back – at least on the election trail. But don’t be fooled. The real issue isn’t how to get manufacturing back. It’s how to get good jobs and good wages back. They aren’t at all the same thing.

Republicans have become born-again champions of American manufacturing. This may have something to do with crucial primaries occurring next week in Michigan and the following week in Ohio, both of them former arsenals of American manufacturing. [..]

The fundamental problem isn’t the decline of American manufacturing, and reviving manufacturing won’t solve it. The problem is the declining power of American workers to share in the gains of the American economy.

George Zornick: Obama’s Plan to Save the Military From Cuts-at the Expense of Domestic Programs

As budget wonks comb over President Obama’s outline for fiscal year 2013, a startling White House plan has become clear: the administration is seeking to undo some mandatory cuts to the Pentagon at the expense of critical domestic programs. It does so by basically undoing the defense sequester that kicked in as a result of the Congressional supercommittee on debt. This wasn’t a featured part of the White House budget rollout, and for good reason-it undercuts the administration’s carefully crafted message of benevolent government action and economic fairness.

The process for this shift is complicated, and has been flagged by the Center on Budget and Policy Priorities. Essentially, Obama wants to eliminate individual spending caps for both military and non-military spending, and institute one single discretionary spending cap instead. Here’s the basic rundown.

Tom Engelhardt: A Real-Life War Novel With No Plot and No End

If all goes as planned, it will be the happiest of wartimes in the U.S.A.  Only the best of news, the killing of the baddest of the evildoers, will ever filter back to our world.

After all, American war is heading for the “shadows” in a big way.  As news articles have recently made clear, the tip of the Obama administration’s global spear will increasingly be shaped from the ever-growing ranks of U.S. special operations forces.  They are so secretive that they don’t like their operatives to be named, so covert that they instruct their members, as Spencer Ackerman of Wired‘s Danger Room blog notes, “not to write down important information, lest it be vulnerable to disclosure under the Freedom of Information Act.”  By now, they are also a force that, in any meaningful sense, is unaccountable for its actions.

Although the special ops crew (66,000 people in all) exist on our tax dollars, we’re really not supposed to know anything about what they’re doing — unless, of course, they choose the publicity venue themselves, whether in Pakistan knocking off Osama bin Laden or parachuting onto Hollywood’s Sunset Boulevard to promote Act of Valor.  In case you somehow missed the ads, that’s the new film about “real terrorist threats based on true stories starring actual Navy SEALs.” (No names in the credits please!)

John Atcheson: US Running on Myths, Lies, Deceptions and Distractions

Republican Hypocrisy; Democratic Complicity; The Press’s Malfeasance; and Why You Don’t Have a Job and if You Do, Why it Doesn’t Pay Squat

The United States is headed for a plutocratic dystopia where a few gated communities sit like islands amidst a sea of bitterness, misery, and want.

Why?

Because the country is running on lies, myths, deceptions and distractions. Not surprisingly, they aren’t working very well for us.

Let’s run through a few of the most destructive lies and myths.

Mortgage Backed Securities Are Back

Everything old is new again and the people that should be paying the price for the housing crash are again going to profit from the further pain of the 11 million people left behind by the Foreclosure Fraud Settlement.

Bonds Backed by Mortgages Regain Allure

by Azam Ahmed

Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart.

Having reaped big gains during both of those turns, Greg Lippmann, a former star trader at Deutsche Bank, is now catching the next upswing: buying the same securities built from mortgages that he bet against before the financial crisis erupted.

Mr. Lippmann is joined by other big-money investors – mutual funds like Fidelity as well as hedge funds – in riding a wave of interest in the same complex loan pools that nearly washed away the financial system.

The attraction is the price. Some mortgage bonds are so cheap that even in the worst forecasts, with home prices falling as much as 10 percent and foreclosures rising, investors say they can still make money. [..]

Yet the tide could turn again and wipe out investors. Chief among the risks is Europe: the Continent’s banks still hold a significant amount of United States mortgage securities, and if they are forced to sell assets, it could wreak havoc on the market.

Washington is a question mark, too. If banks have to pay for loans they issued under dubious circumstances, it would be a home run for investors, who could receive full payment for a mortgage in a security they bought at a discount. But if borrowers whose houses are worth less than their mortgages are able to reduce their principals on a large scale, bond investors could suffer because the securities would be worth even less than they paid. [..]

As for Mr. Lippmann, his reputation has made it both easier and more difficult to get commitments from investors. Some are impressed by his well-publicized bet against the mortgage market; others are turned off by his high profile in an industry known for secrecy and discretion.

LibreMax, made up of several members of Mr. Lippmann’s team from Deutsche Bank, has raised more than $1 billion in a little over a year. His performance has been relatively strong during a period of market turmoil – up 2 percent last year and a little more than 6 percent since launching.

What Yves Smith said:

The Times is quoting Greg Lippmann, the patient zero of subprime? If the SEC investigation of Deutsche Bank were remotely serious, Lippmann would be in serious trouble. What Greg Zuckerman and Michael Lewis have written about them in their books on subprime shorts alone is grist for a good civil suit. And even worse, the headline implies that there is a market for newly issued non-governemnt guaranteed bonds (wrong, that’s dead) when this is about speculation in vintage subprime.

The funniest bit is that the Times is acting as if the fact that Lippmann is talking up the market is a tip of sorts. As one of my buddies pointed out long ago, what you worry about when an investor talks up his book is not that he is trying to get more people in to raise the price, but he is trying to get more people in so he can complete his exit.

History may be repeating itself, again

Punting the Pundits: Sunday Preview Edition

Punting the Punditsis 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”.

The Sunday Talking Heads:

Up with Chris Hayes: The line up of Sunday’s guests was not available.

The Melissa Harris-Perry Show: MSNBC contributor, author and Tulane Professor Melissa Harris-Perry debuts her weekend program, “Melissa Harris-Perry,” on Saturday, February 18 at 10 a.m. ET. Melissa’s show will be live from 10a-noon ET both Saturday and Sunday after Up With Chris Hayes

This Week with George Stephanopolis: Sen. John McCain (R-AZ) is interviewed by Jake Tapper and, later, former White House press secretary Robert Gibbs. The “This Week” roundtable debates all the week’s politics, with ABC’s George Will, ABC News senior political correspondent Jonathan Karl, FOX Business Network host Lou Dobbs, Vanity Fair contributing editor and former Clinton White House press secretary Dee Dee Myers, and Chicago Tribune columnist Clarence Page.

Face the Nation with Bob Schieffer: Mr. Schieffer’s guests are GOP Presidential candidate Rick Santorum and an interview with Mitt Romney biographer Michael Kranish. The panel guests are CBS News’ Norah O’Donnell and John Dickerson, The Washington Post‘s Karen Tumulty and The Detroit Free PressTodd Spangler.

The Chris Matthews Show: This week’s guests Liz Marlantes, The Christian Science Monitor; Michael Duffy, TIME Magazine Assistant Managing Editor; Major Garrett, National Journal Congressional Correspondent; and Kelly O’Donnell, NBC News Capitol Hill Correspondent.

Meet the Press with David Gregory: the House Budget Committee ranking member Rep. Chris Van Hollen (D-MD) and Chairman Rep. Paul Ryan (R-WI) debate the economy. The roundtable guests are GOP strategist Ed Gillespie, Bloomberg‘s Al Hunt, The NY TimesHelene Cooper, and NBC’s Andrea Mitchell.

State of the Union with Candy Crowley: Presidential candidate Rep. Ron Paul (R-TX) is interviewed by Ms. Crowley. Indiana Governor Mitch Daniels (R), and former GOP Presidential Candidate Michele Bachmann (R-MI) assess the state of the GOP field. Former CIA director Michael Hayden and former ambassador to Egypt and Israel, Ed Walker discuss the turmoil in the Middle East.

Rape Is No Laughing Matter

Keith Olbermann sets the record straight on the false accusations of rapist and rape apologists of Andrew Breitbart.

Keith Olbermann: Andrew Breitbart is ‘exploiting rape victims’ to smear Occupy movement

Transcript:

KEITH OLBERMANN: As I noted, we have had – and we will continue to have – as much fun at possible with the on-camera meltdown of Andrew Breitbart in front of a group of Occupy protesters at CPAC last weekend.

But, in our number one-story on the “Countdown” – the subject of rape is no laughing matter. The allegation that a political or cultural group condones or encourages rape and sexual assault, against anyone, is virtually as serious a charge as can be leveled. Yet nearly just as bad is to fabricate, twist, and alter facts, to make it seem like such a charge against such a group has any credence at all.

Mr. Breitbart and his websites have now promulgated a list of what his people boast are 17 rapes at Occupy protests between October 16th and November 19th of last year. Seventeen stories and links, listed “Rapes and Various Sexual Crimes,” and all of them attributed to Occupy.

It turns out Breitbart and his people have padded this list. They have listed some stories twice. In nearly every case, Breitbart’s crew has twisted nearly every one of the allegations in the stories. The idea seems to have been to make as long a list as possible, and assume that your supporters will never bother to link through to the actual stories, let alone follow up to find their true outcomes. Those who do will find Mr. Breitbart and his colleagues are lying.

Story number one – Madison, Wisconsin. Turns out this is the story of Occupy Madison losing its permit for a couple of days, in part because of a charge that somebody was masturbating in public. No charges, no names, no evidence, and even the head of the local business association which brought the complaint, one Mary Carbine, was emphatic that the behavior was, “not necessarily by the protesters themselves.”

Number two – Cleveland. Refers to an alleged assault of a member of Occupy Cleveland. No arrests and the police offer no indication the alleged assailant was a member of Occupy.

Number three – Seattle. Turns out to be the arrest of a man for indecent exposure in schoolyards and other parks, not at Occupy Seattle. Detectives say they were told the suspect had been seen at Occupy and, again, they make no claim he was associated with Occupy.

Number four – Cleveland. This is the same story as number two. Listed twice. This time, a Fox News video is linked as well.

Number five – Dallas. An alleged assault victim told police the sex in question was consensual. She would not press charges nor cooperate with authorities. The claim that there was an assault in the first place originated with one local TV station’s anonymous source in the Dallas police department.

Number six – Portland, Oregon. The registered address a sex offender gave authorities turned out to be the same address as the Occupy Portland camp. The police have no evidence he was ever there, nor do any witnesses place him there.

Number seven – Lawrence, Kansas. A local police captain named Jim Martin is quoted, in the Breitbart-linked story, as saying “someone who had been at the Occupy Lawrence camp reported on Monday morning a possible sexual assault. Martin said he did not believe the victim or any possible suspects were members of the group.”

Number eight – Glasgow. Breitbart assigns responsibility for an assault on an Occupy protester in Scotland to the American Occupy movement. He also does not note that the morning after the incident, Occupy organizers voluntarily began to disbanded the camp after police refused to provide security.

Number nine – Manchester, New Hampshire. A woman operating out of her own home is arrested in her own home there after she tries to turn an Occupy protester into a prostitute.

Number 10 – New York City. An Occupy protester is assaulted in her tent.

Number 11 – New York City. It’s the same story as number ten. They again listed it twice.

Number 12 – Chula Vista, California. On November 6th, a woman posts on the Occupy Los Angeles Facebook page, asking Occupy to help locate her daughter, a 16-year-old named Ashley Springer. The last the woman knew, Ashley Springer was at OccupyLA and then she disappeared. Breitbart does not note that by December 9th, Ashley Springer was home – safe, sound, and unharmed.

Number 13 – Philadelphia. The Breitbart list blares “Occupier Arrest for Rape.” The actual newspaper headline at the other end of the link says “Man arrested in Occupy Philly Sexual Assault.” The alleged victim was a member of Occupy, not the assailant, even though Breitbart implies it was the other way around.

Number 14 – Austin, Texas. A man in a sleeping bag near the Occupy encampment in a public square is arrested for allegedly masturbating in front of a 16-year-old. Again, despite the Breitbart headline, “Occupier Accused of Masturbating In Front of 16-Year-Old Girl,” in the actual story that Breitbart links to, police do not conclude that either the victim or perpetrator was involved with Occupy.

Number 15 – Chicago. A 21-year-old man named Robert Reitz, whom Occupy Chicago confirmed had attended some of its events, is arrested at his home, on child-porn charges. Breitbart does not bother to note that, in the second half of the very story he linked to, Occupy Chicago responded to the arrest by immediately banning this Reitz from its encampment.

Number 16 – St. Louis. Again, the victim in an assault is identified as a member of Occupy, not the alleged perpetrator.

Number 17 – New York City. Again, the victim in a fondling case is a member of Occupy, police identify the assailant as a neighborhood homeless person.

So, seventeen stories Breitbart claims are cases of rape by Occupy. Just reading the stories, just Googling the names of those identified, following up on these stories, that took me only about 70 minutes. The final result? Two cases of the stories on the list were duplicates, one story turns out to have been about consensual sex. One case, in Scotland, led the Occupy group to disband for the sake of safety. One case of an arrest for child porn, with Occupy immediately banning the alleged perpetrator. One case of a girl disappearing, ignoring the fact that she was home and unharmed a month later. Four cases in which police said neither the victim nor the assailant were apparently even associated with Occupy.

That leaves seven stories, all of which show police identifying Occupy participants as the victims, six of which show police identifying the alleged assailants as not being Occupy participants. That is the evidence that Andrew Breitbart has submitted to rationalize his irrational attempt to smear the Occupy movement, and Occupy members, as rapists, and to brand anybody who points out his dishonesty, his twisting of the facts – and who bothers to actually read the stories that disprove his own contention – to paint then as a rape denier or rape apologist.

What Mr. Breitbart and his fellow propagandists have done, in fact, is to take at least eight women – eight members of Occupy, who were raped or otherwise assaulted – and blamed them for being raped. He is not just perpetrating the classic fabrication con of the dishonest man, for whom facts are malleable and can be ignored when they are inconvenient.

More importantly, Breitbart is exploiting rape victims, blaming rape victims. And no woman, no man – conservative, liberal, or indifferent – can abide this despicable attempt to take individual human suffering and, by lying at the top of his voice, try to score cheap political points with it.

Punting the Pundits

“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: Europe’s Failed Course

Struggling euro-zone economies like Greece, Portugal, Spain and Italy cannot cut their way back to growth. Demanding rigid austerity from them as the price of European support has lengthened and deepened their recessions. It has made their debts harder, not easier, to pay off.

As The Times’s Landon Thomas Jr. reported this week, Portugal has met every demand from the European Union and the International Monetary Fund. It has cut wages and pensions, slashed public spending and raised taxes. Those steps have deepened its recession, making it even less able to repay its debts. When it received a bailout last May, Portugal’s ratio of debt to gross domestic product was 107 percent. By next year, it is expected to rise to 118 percent. That ratio will continue to rise so long as the economy shrinks. That is, indeed, the very definition of a vicious circle.

William Greider: Still No End to ‘Too Big to Fail’

When Congress passed the Dodd-Frank financial reform bill in the summer of 2010, the Obama administration made happy talk about putting an end to “too big to fail” banks. Hold the champagne. The Federal Reserve Board has just created the fifth-largest bank in the country, despite a flood of warnings from community advocates and smaller banks.

Skeptics in financial markets are entitled to their skepticism. Capital One has been rapidly assembling this new behemoth, acquiring local deposits and credit card operations in a series of mergers. Federal Reserve governors reviewed the complaints and rejected them. In banking regulation, the “new normal” so far looks a lot like the “old normal.”

Of course, it is impossible to say this marks an end to reform. But it’s a real downer for the reform advocates. They have pleaded for a different perspective from the Fed regulators-weighing the “public benefits” of bank consolidations against the “adverse effects,” as Dodd-Frank requires. But the Fed made this calculation on very narrow grounds.The governors concluded that one more very large bank will not by itself bring down the system. True enough. But each decision the Fed makes now on applying the new rules sets a precedent for its future decisions. How big is too big? The Capital One decision seems to say size is not an issue.

Hugh Espey: Bold Action Needed to Hold Big Banks Accountable

Fourteen months ago, Iowa Citizens for Community Improvement members and our allies from National People’s Action and the New Bottom Line campaign met with Iowa Attorney General Tom Miller in Des Moines to discuss the national foreclosure investigation that he was leading.

Miller vowed to pursue a fundamental transformation of the mortgage servicing industry. He spoke like a people’s champion, like someone who would “knock it out of the ballpark” and bring the banks to justice.

But after he announced the details of his settlement with the banks last week, we felt Miller had struck out. [..]

Bold action in the face of grave injustice is not counterproductive – it is required.

If Obama and Schneiderman take these “people first” actions to deliver justice for millions of homeowners and everyday people, then maybe we’ll have something to celebrate.

John Nichols: A Politics That Says: The People Shall Rule

After she organized Eugene McCarthy’s 1968 Democratic primary challenge to Lyndon Johnson, around the time she joined Gloria Steinem, Bella Abzug and Shirley Chisholm in forming the National Women’s Political Caucus, Midge Miller got herself elected to the Wisconsin Assembly. [..]

The point of progressive public service, argued Midge Miller, was not to be a cog in the machine run by corporate and political elites. It was to make the machine work for the people.

So when Midge Miller’s stepson, Wisconsin Senate minority leader Mark Miller, found himself leading a legislative caucus that was being asked to rubber-stamp Governor Scott Walker’s attacks on collective-bargaining rights, civil-service protections and local democracy, he thought of Midge. “She believed that it was the first responsibility of legislators to protect the rights of the people,” said Miller. “She would never have been a part of anything that rammed changes like these down the throats of the people.”

George Zornick: Obama’s Plan to Save the Military From Cuts-at the Expense of Domestic Programs

As budget wonks comb over President Obama’s outline for fiscal year 2013, a startling White House plan has become clear: the administration is seeking to undo some mandatory cuts to the Pentagon at the expense of critical domestic programs. It does so by basically undoing the defense sequester that kicked in as a result of the Congressional supercommittee on debt. This wasn’t a featured part of the White House budget rollout, and for good reason-it undercuts the administration’s carefully crafted message of benevolent government action and economic fairness.

The process for this shift is complicated, and has been flagged by the Center on Budget and Policy Priorities. Essentially, Obama wants to eliminate individual spending caps for both military and non-military spending, and institute one single discretionary spending cap instead. Here’s the basic rundown.

Ari Berman: Howard Dean Predicts Obama Re-Election, Democrats Retake House

No incumbent president since FDR has been re-elected with an unemployment rate above 8 percent. Despite that daunting precedent, an increasing number of political analysts and prominent Democratic Party figures are now bullish about President Obama’s re-election prospects. “Obama’s chances have definitely improved,” former Democratic Party chairman Howard Dean recently told me. “If Mitt Romney’s the Republican nominee, I would say it’s a one- or two-point win for Obama.”

Dean also likes his party’s chances at the Congressional level. “I’m predicting flat-out that if Obama wins, Democrats take back the House,” he says. Other analysts have recently raised that possibility, even though GOP domination of the redistricting process gives Republicans a major edge in 2012.

Punting the Pundits

“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”.

Paul Krugman: Moochers Against Welfare

First, Atlas shrugged. Then he scratched his head in puzzlement.

Modern Republicans are very, very conservative; you might even (if you were Mitt Romney) say, severely conservative. Political scientists who use Congressional votes to measure such things find that the current G.O.P. majority is the most conservative since 1879, which is as far back as their estimates go.

And what these severe conservatives hate, above all, is reliance on government programs. Rick Santorum declares that President Obama is getting America hooked on “the narcotic of dependency.” Mr. Romney warns that government programs “foster passivity and sloth.” Representative Paul Ryan, the chairman of the House Budget Committee, requires that staffers read Ayn Rand’s “Atlas Shrugged,” in which heroic capitalists struggle against the “moochers” trying to steal their totally deserved wealth, a struggle the heroes win by withdrawing their productive effort and giving interminable speeches.

Timothy Egan: The Electoral Wasteland

In barely a century’s time, the population of the United States has more than tripled, to 313 million. We are a clattering, opinionated cluster of nearly all the world’s races and religions, and many of its languages, under one flag.

You would not know any of this looking at who is voting in one of the strangest presidential primary campaigns in history. There is no other way to put this without resorting to demographic bluntness: the small fraction of Americans who are trying to pick the Republican nominee are old, white, uniformly Christian and unrepresentative of the nation at large.

None of that is a surprise. But when you look at the numbers, it’s stunning how  little this Republican primary electorate resembles the rest of the United States.  They are much closer to the population of 1890 than of 2012.

Ben Adler: Rich Republicans Say Birth Control Is Cheap

At the Conservative Political Action Conference last week, Ann Coulter mocked the Obama administration for requiring health insurance to cover birth control by saying “birth control costs $20 a month; an abortion is $400 or $500 at the most, you don’t get insurance for that.” First of all, Coulter is wrong, or lying. Perhaps she’s never been without insurance herself and she doesn’t understand the difference between a co-payment and what something costs without birth control. Twenty dollars per month might be what one pays for the pill with insurance. Without it, you can pay over $100. This is, in other words, precisely what you have insurance for.

Lois Utley: Employees Need Birth Control Coverage Mandate

For the women employed by the former Hackley Hospital in Muskegon, Michigan, last week’s news couldn’t have been better. President Obama’s announcement that Catholic hospitals and educational institutions must provide contraceptive coverage to employees should mean those women will finally be getting back the insurance coverage for birth control they lost in 2007, when their hospital merged with a nearby Catholic hospital. That is, unless the Catholic Bishops and their allies in Congress succeed in unraveling the birth control coverage mandate for the hospital’s employees and millions of other American women.

Just as the Bishops had demanded, Obama announced that Catholic hospitals, colleges and social services agencies would not have to pay for contraceptive coverage for their employees. Instead, under what Obama characterized as an “accommodation,” the hospitals’ insurance companies would be required to offer the coverage at no extra charge to employees and their dependents. Insurers are expected to be willing to pay the birth control cost, since they save money by avoiding more costly pregnancy care.

Eugene Robinson: Pay Close Attention to China

China, for better or worse, is a serious country. The United States had better start acting like one.

I got a glimpse of the future Wednesday in the vast ballroom of a Washington hotel where hundreds of august dignitaries-and some journalists as well-gathered at a luncheon in honor of Vice President Xi Jinping, who is widely expected to become China’s top leader after a year-long transition.

Xi’s status is such that he was introduced by no less than Henry Kissinger, who spoke, not for the first time, of the Nixon-to-China breakthrough four decades ago. It is useful to remember that the country we now think of as a trillion-dollar creditor and the manufacturer of iPads was once a Maoist bastion, hermetically sealed against the capitalist influences of the Western world.

Richard Reeves: Comes the Revolution

LOS ANGELES-Andrew Breitbart, the publisher of Breitbart.com and a couple of other popular websites, set the tone for a program at the University of Southern California last Wednesday by calling George Stephanopoulus of ABC News a little rat with a runny nose.

He continued by equating mainstream newspapers and television news, National Public Radio, Hollywood and American universities with totalitarians around the world, citing Joseph Stalin, Hugo Chavez, Fidel Castro, cultural Marxism and storm troopers.

He was joined by Jon Fleischman, founder of FlashReport.org, a popular website out here that aggregates and reports on California politics, government and cultural life. He offered the opinion that “President Obama represents the abyss. He is taking us over the socialist cliff.”

You’re Only A Terrorist When We Say So

The enemy of my enemy is my friend. ~ Arabian Proverb

Since 9/11, one of the more interesting stories to emerge in recent years about terrorist organizations and the ubiquitous War on Terror has been the not so secret bipartisan relationship and support of American politicians and high ranking government officials with the Iranian terrorist organization, MEK, Mujahedin-e Khalq. So just what is MEK:

Mujahadeen-e-Khalq (MEK) is the largest and most militant group opposed to the Islamic Republic of Iran. Also known as the People’s Mujahadeen Organization of Iran, MEK is led by husband and wife Massoud and Maryam Rajavi. MEK was added to the U.S. State Department’s list of foreign terrorist groups in 1997 and to the European Union’s terrorist list in 2002 because its attacks have often killed civilians.

MEK was founded in 1963 by a group of college-educated Iranian leftists, supporters of Prime Minister Mohammed Mossadeq and opposed to the country’s pro-Western ruler, Shah Mohammad Reza Pahlavi. The group participated in the 1979 Islamic revolution that replaced the shah with a Shiite Islamist regime led by the Ayatollah Khomeini. But MEK’s ideology, a blend of Marxism, feminism, and Islamism, put it at odds with the post-revolutionary government, and its original leadership was soon executed by the Khomeini regime. In 1981, the group was driven from its bases on the Iran-Iraq border and resettled in Paris, where it began supporting Iraq in its eight-year war against Khomeini’s Iran. In 1986, after France recognized the Iranian regime, MEK moved its headquarters to Iraq, which used MEK to harass neighboring Iran. MEK maintained its headquarters in Iraq until the American invasion in 2003 when many members surrendered their weapons.

Under US law it is a felony to provide any “material support” to a terrorist organization but this high profile group has received large fees and passionate support in recent years without the Justice Department so much as blinking. The list includes such luminaries as Republicans Michael Mukasey, Fran Townsend, Andy Card, Tom Ridge, Rudy Giuliani and Democrats Howard Dean, Ed Rendell, Bill Richardson, Wesley Clark. The meetings first came to light in December, 2010 when “America’s Mayor” Rudolph “9/11” Guiliani, along with former Homeland Security Secretary Tom Ridge, former White House adviser Frances Townsend and former Attorney General Michael Mukasey, flew to Paris to speak in support of the group. As Glenn Greenwald points out, “there are several remarkable aspects to this story”:

The first is that there are numerous Muslims inside the U.S. who have been prosecuted for providing “material support for Terrorism” for doing far less than these American politicians are publicly doing on behalf of a designated Terrorist group. [..]

Yet here we have numerous American political figures receiving substantial fees from a group which is legally designated under American law as a Terrorist organization. [..]

If we had anything even remotely approaching equal application of the law, Dean, Giuliani, Townsend and the others would be facing prosecution as Terrorist-helpers.

Glenn’s next questions are “How has this rag-tag Terrorist cult of Iranian dissidents, who are largely despised in Iran, able to fund such expensive campaigns and to keep U.S. officials on its dole?” and why. An NBC News report by Richard Engel and Robert Windrem helped shed some light on this:

Deadly attacks on Iranian nuclear scientists are being carried out by an Iranian dissident group that is financed, trained and armed by Israel’s secret service, U.S. officials tell NBC News, confirming charges leveled by Iran’s leaders. [..]

The attacks, which have killed five Iranian nuclear scientists since 2007 and may have destroyed a missile research and development site, have been carried out in dramatic fashion, with motorcycle-borne assailants often attaching small magnetic bombs to the exterior of the victims’ cars.

U.S. officials, speaking on condition of anonymity, said the Obama administration is aware of the assassination campaign but has no direct involvement. [..]

“The relation is very intricate and close,” said Mohammad Javad Larijani, a senior aide to Ayatollah Ali Khamenei, Iran’s supreme leader, speaking of the MEK and Israel.  “They (Israelis) are paying … the Mujahedin. Some of their (MEK) agents … (are) providing Israel with information.  And they recruit and also manage logistical support.”

Moreover, he said, the Mossad, the Israeli secret service, is training MEK members in Israel on the use of motorcycles and small bombs.  In one case, he said, Mossad agents built a replica of the home of an Iranian nuclear scientist so that the assassins could familiarize themselves with the layout prior to the attack. [..]

Two senior U.S. officials confirmed for NBC News  the MEK’s role in the assassinations, with one senior official saying, “All your inclinations are correct.” A third official would not confirm or deny the relationship, saying only, “It hasn’t been clearly confirmed yet.”  All the officials denied any U.S. involvement in the assassinations.

As it has in the past, Israel’s Foreign Ministry declined comment. Said a spokesman, “As long as we can’t see all the evidence being claimed by NBC, the Foreign Ministry won’t react to every gossip and report being published worldwide.”

For its part, the MEK pointed to a statement calling the allegations “absolutely false.”

Glenn concluded that besides the fact that those who are politically and financially well-connected are free to commit even the most egregious crimes, this “love affair” with MEK underscores how meaningless term “terrorism” is:

it’s just a cynical term designed to delegitimize violence and even political acts undertaken by America’s enemies while shielding from criticism the actual Terrorism undertaken by itself and its allies. The spectacle whereby a designated Terrorist group can pay top American politicians to advocate for them even as they engage in violent Terrorist acts, all while being trained, funded and aided by America’s top client state, should forever end the controversy over that glaringly obvious proposition.

MEK has been attempting to present itself as the sole legitimate opposition to the Iranian regime, going so far as to claim that they are the Green Movement or the government in exile, which the Green Movement denies and a very aggressive and organized lobby effort in Washington D.C. It has obviously found support from anti-Muslims and those politicians who would like nothing more than a war with Iran.  

Just How Crass Can Right Wing Get

Pretty damned crass. GOP candidate Sen. Rick Santorum’s supporter Foster Friess appearing with on MSNBC with Andrea Mitchell made the incredible statement that women should use an aspirin held between their knees as birth control. Ms. Mitchell was left virtually speechless.

Too bad his mother didn’t follow those directions

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