Tag: Politics

Occupy Wall St. Livestream: Day 20

Watch live streaming video from globalrevolution at livestream.com

OccupyWallStreet

The resistance continues at Liberty Square, with free pizza 😉

“I don’t know how to fix this but I know it’s wrong.” ~ Unknown Author

Photobucket

Foley Square, NYC. 4:47 PM

Wall Street as Public Enemy Number One

Glen Ford, Black Agenda Report

They are very young, very white, and largely inexperienced in organizing. But the Occupy Wall Street crew has picked the right target: finance capitalists, the class that is the common enemy of the human race. In that sense, “the Zuccotti Park campers are eons ahead of the faux radicals and ‘progressives’ who, in terror of the Tea Party and Republican presidential clown candidates, will soon return to the Obamite fold in their eternal search for lesser evils.” Obama was, and will remain, the candidate of Wall Street.

Streamed by We are Change in New York, NY.

Unions, students join Wall St. protesters

NEW YORK – Unions gave a high-profile boost to the long-running protest against Wall Street and economic inequality Wednesday, with their members joining thousands of protesters in a lower Manhattan march. Across the country, students at several colleges walked out of classes in solidarity.

People gathered at Foley Square, an area encircled by courthouses and named for “Big Tom” Foley, a former blacksmith’s helper who became a prominent state Democratic leader. From there they marched to Zuccotti Park, the protesters’ unofficial headquarters.

Sterling W. Roberson, vice president for the United Federation of Teachers, said union members shared the same ideals as activists who have been camped out in sleeping bags for more than two weeks.

“The middle class is taking the burden but the wealthiest of our state and country are not,” he said.

Thousands of protesters packed Foley Square, standing behind police barricades in front of the courthouse buildings. Some wore union T-shirts, others were in business attire, and many left work early to be there.

People in the crowd were carrying red-white-and-blue signs bearing a giant star-graced A — representing the motto “Rebuild America.” Other signs bore slogans including “Tax Wall Street” and “Make Jobs Not Cuts.”

For amusement, Glenn Greenwald shreds CNN’s newest anchor, Wall St. apologist, Erin Burnett and her condescending scorn for Occupy Wall Street. Burnett is another reason not to watch CNN.  

Pam Geller Is An Idiot

This woman is an ignorant idiot pandering to uninformed ignoramuses that read the NY Post. Media Matters critiques her latest spew that she is peddling in book stores. Here’s a summation of a chapter:

“Secret halal meat”

In a chapter on “cultural jihad,” Geller covers subjects like “The Islamic/Leftist Alliance,” “The Mosqueing of the Workplace,” and “the Islamization of the Schools.” There’s also a section on “Secret Halal Meat,” in which she highlights “numerous explosive revelations” about “the little-reported fact that much of the meat in Europe is being processed as halal and yet sold without the halal label.” Geller declared this to be “a little-known strike against freedom” and that “we are being forced into consuming meat slaughtered by means of a barbaric, torturous, and inhuman method: Islamic slaughter, the cutting of the animal’s throat without stunning or any other form of mitigation for the animal’s pain.” Geller went on to assert that it “appears clear” that “some of this halal meat is going to public school lunch programs.”

Even a goy, Atrios, got it right, the differences are negligible in the Kosher and Hallal method of slaughter, “slit throat and bleed without stunning.” If you want to nit pick, Go Vegan.

Sorry for the rant but this just got my goat. 😉

“Are We Even Allowed To Do This?”

Apparently, “Yes. We Can”

If you told me at the beginning of the Obama presidency that his clearest legacy would involve not closing Gitmo or green jobs or manufacturing jobs – or any kind of jobs, really – but would in fact be his ability to rain targeted death from the sky … I mean, are we even allowed to do that?

Now that President Barack Obama supporters, and many of his non-supporters, are righteously praising the the due process free assassination of Anwar al-Awlaki as justified because the Obama said so, why hasn’t the evidence that al-Awlaki was a threat been released? So far the only evidence we have that al-Awlaki was a “Very Bad Terrorist” is his rhetoric which is protected under the 1st Amendment. When confronted by ABC News‘ reporter, Jake Tapper, White House spokesperson Jay Carney declared that the evidence was still classified and not to be seen. Very nice that Tapper pushed back on this, but where was he when this order was revealed over a year ago? Are we now “Alice in the Wonderland” standing before the “Red Queen” demanding sentence first, verdict later>

Why are so few of us questioning this rational that we so adamantly opposed in the voting booth just a mere 3 years ago? Are those who are cheering this even aware of the precedent and consequences of such a authoritarian action?

Glenn Greenwald, who has been a vocal critic of the Bush and Obama administrations’ abuse of power and disregard for the rule of law, has this observation:

That mentality – he’s a Terrorist because my Government said he’s one and I therefore don’t need evidence or trials to subject that evidence to scrutiny – also happens to be the purest definition of an authoritarian mentality, the exact opposite of the dynamic that was supposed to drive how the country functioned (Thomas Jefferson: “In questions of power, let no more be heard of confidence in men, but bind him down from mischief with the chains of the Constitution”).  I trust My President and don’t need to see evidence or have due process is the slavish mentality against which Jefferson warned; it’s also one of the most pervasive ones in much of the American citizenry, which explains a lot.

Like the Bush administration’s justification for the use of torture and indefinite detention without due process, the Obama administration claims that they carefully consulted lawyers within the Justice Department who unanimously supported the president’s order.

“The Justice Department wrote a secret memorandum authorizing the lethal targeting of Anwar al-Aulaqi, the American-born radical cleric who was killed by a U.S. drone strike Friday, according to administration officials,” the newspaper reported. “The document was produced following a review of the legal issues raised by striking a U.S. citizen and involved senior lawyers from across the administration. There was no dissent about the legality of killing Aulaqi, the officials said.”

But we will never see that memo, it’s classified. So much for that transparency that was promised by Obama. I only hope that Eric Holder has as much success in finding a job after he leaves DOJ as Alberto Gonzales. I digress.

Greenwald makes some important points that debunk other ignorant claims:

(1) the most ignorant claim justifying the Awlaki killing is that he committed “treason” and thus gave up citizenship; there’s this document called the “Constitution” that lays out the steps the Government is required to take before punishing a citizen for “treason” (“No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court“); suffice to say, it’s not met by the President secretly declaring someone guilty backed up by leaked, anonymous accusations to the press;

(2) a new U.S. military study today finds that Awlaki’s killing won’t impede Al Qaeda’s operational capabilities, so for those of you worried that this killing might impede Endless War, don’t worry: like the bin Laden killing, Endless War will march on unimpeded; that’s why it’s called Endless War.

Some argue that al-Awlaki’s assassination will make us less safe and strengthen Al Qaeda’s resolve:

Evidence shows that killing terrorist leaders – or “decapitating” terrorist organizations, in military parlance – rarely ends violence on its own and can actually have adverse consequences. Indeed, killing prominent leaders can motivate their followers to retaliate and increase sympathy for the militants’ cause among civilians.

Simply focusing on the leadership of a terrorist organization rarely brings about the group’s demise. My study of approximately 300 cases of singling out the leadership of 96 terrorist organizations globally – including Al Qaeda and Hamas – between 1945 and 2004, shows that the likelihood of collapse actually declines for groups whose leaders have been arrested or killed.

George Washington University law professor, Jonathan Turley, wrote is a column:

While few people mourn the passing of figures such as al-Awlaki, who was accused of being a leader in al-Qaeda, they should mourn the passing of basic constitutional protections afforded to all citizens. So a president can now kill a citizen without publicly naming him as a target, stating the basis for his killing, or even acknowledging his own responsibility for the killing once it has been carried out. Even if one assumes citizens would be killed only outside the country, it would mean that a mere suspect’s life could become dispensable the minute he steps a foot over one of our borders.

At the same time, the government has expanded the definition of terrorism and material support for terrorism, which in turn further expands the scope of possible targets. When confronted on the lack of knowledge of who is on this list and the basis for the killing, the Obama administration simply says citizens must trust their president. It is the very definition of authoritarian power – and Americans appear to have developed a taste for it.

snip

Notably, in the face of these extrajudicial killings, Democrats who claim to be civil libertarians, such as Sen. Dianne Feinstein of California, have cheered the president – creating a record for the next president to expand on these acquiesced powers.

No republic can long stand if a president retains the unilateral authority to kill citizens whom he deems a danger to the country. What is left is a magnificent edifice of laws and values that, to quote Shakespeare’s Macbeth, is “full of sound and fury, signifying nothing.”

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”.

Wednesday is Ladies’ Day. Scroll down for the Gentlmen

Daphne Eviatar: Detention without end, amen

In a time of austerity, and with the planned drawdown of U.S. troops from Afghanistan and Iraq, you might expect congressional proposals to reduce the military’s footprint around the world. You’d be wrong.

Instead, the defense spending bill passed by the Senate Armed Services Committee and now heading for a vote in the full Senate would dramatically expand the U.S. military’s role in counterterrorism – potentially inciting more attacks on U.S. interests.

At the same time, it would very likely undermine the ability of our best-trained experts in counterterrorism to investigate, prosecute and bring to justice international terrorists from all over the world.

In addition, this defense authorization bill marks the first time since the McCarthy era that Congress has sought to create a system of military detention without charge or trial – including U.S. citizens arrested on U.S. soil.

(emphasis mine)

Dana Goldstein: New Public Health Report Underscores: Long Live the Condom

For women in the developing world, few public health strategies have the potential to be as transformative as increasing the rate of male condom usage.

This truth-more controversial than it sounds-is hammered home today by a New York Times report on a new study that found injectible hormonal birth control, such as Depo-Provera, can double a woman’s risk of contracting HIV from her male partner, even as it prevents pregnancy. This catch-22 is unacceptable. Expanding women’s economic and political power means empowering girls and women to avoid three all-too-common fates: early marriage, unintended pregnancy and HIV infection.

Yves Smith: New York Fed to Take Propagandizing to New Level With More Intense Social Media Monitoring

We can all look forward to higher quality trolls in comments courtesy of the New York Fed (assuming we don’t have them already) thanks to a more thorough blogosphere/social media monitoring program the Fed is planing to launch (hat tip reader Tom via TPM):

New York Fed Social Media Request for Proposal

The idea that the Federal Reserve is somehow lacking in share of voice in academic and popular discourse is laughable. I’ve gotten estimates from credible sources that the Fed now funds a full 1/4 of all graduate school research in economics. Bernanke, FOMC Board members, and the various regional Fed presidents have ready access to the media and take frequent advantage of it. Fed staffers regularly publish papers, some of which are appallingly close to propaganda as it is (a recent one I did not have the energy to shred tried to argue that foreclosures didn’t result in lower living standards. Fortunately, a New York Times op ed, “Foreclosures are Killing Us” effectively debunked it).

Amy Goodman: Policing the Prophets of Wall Street

The Occupy Wall Street protest grows daily, spreading to cities across the United States. “We are the 99 percent,” the protesters say, “that will no longer tolerate the greed and corruption of the 1 percent.”

The response by the New York City Police Department has been brutal. Last Saturday, the police swept up more than 700 protesters in one of the largest mass arrests in U.S. history. The week before, innocent protesters were pepper-sprayed in the face without warning or reason.

That is why, after receiving a landmark settlement this week from the police departments of Minneapolis and St. Paul, as well as the U.S. Secret Service, my colleagues and I went to Liberty Square, the heart of the Wall Street occupation, to announce the legal victory.

Maureen Dowd: Man in the Mirror

The unlikely femme fatale from Jersey sashayed into a Trenton news conference and broke a lot of hearts. (Not Snooki’s or Barry’s, of course.)

Watching Chris Christie hold forth for an hour, it’s hard to know whether you want to hug him or slap him. There’s something both lovable and irritating about the man.

It’s not the puffed up body that’s off-putting. It’s the puffed up ego.

John Nichols: With Obama Veering Corporate On Trade, Democrats Need to ‘Distinguish Themselves From the President’

Barack Obama’s approval rating is hovering around 40 percent, falling as low as 38 percent in a recent Gallup survey and 39 percent in the latest McClatchey-Marist poll.

That’s bad. But it gets worse.

The new ABC News/Washington Post poll says that 55 percent of Americans now expect that whoever wins the Republican presidential nomination in 2012 to take the presidency. Only 37 percent believe Obama will win.

That’s really bad. And the numbers from the battleground states are even more unsettling, A new Quinnipiac survey of Florida voters finds that only 39 percent approve of Obama’s handling of the presidency, while 57 percent disapprove. Only 41 percent of those surveyed say they think the president should be reelected.

Polls are transitory. The president’s numbers can and probably will improve, especially if he stays focused on the message he has been delivering in recent days: invest in job creation, establish fairer tax policies that make the rich pay their share, defend Social Security, Medicare and Medicaid.

But his decision to submit free-deals with South Korea, Columbia and Panama to Congress — deals that are opposed by organized labor and that even Obama-friendly analysts say threaten U.S. manufacturing jobs — could undo any progress for the president, especially in battleground states such as Ohio, Michigan, Pennsylvania, Indiana and Wisconsin. Congressman Mike Michaud, D-Maine, says flatly that Obama’s move is not going to go over well with working people. “Does (Obama) want to create jobs at home with the American Jobs Act, or does he want to offshore them to places like South Korea? At a time of nine percent unemployment, I know what my constituents would prefer,” says Michaud. “There’s something wrong with this picture and the American people see right through it.”

Matt Stoller: Justice Democrats take on big banks

If you look, you can find a few Democrats who have been staging their own version of Occupying Wall Street. Three state attorneys general are now taking a wrecking ball to the party’s key policy axis: the bank bailouts. Each has pledged to investigate possible fraud in the securitization of trillions of dollars of mortgages – and made significant legal moves that suggest they are serious about doing so.

In the process, they have placed themselves squarely in the middle of a multitrillion-dollar fight over the nature of the financial system and the future of the Democratic Party.

In 2008, Barack Obama seemed to represent the party’s future – with his legion of shiny young organizers, his multimillion-person email list and his promise of structural changes to the political order. Today, his administration looks tired and brittle, trapped among a surly country, dissatisfied supporters, a still creaky banking system and a brutal reelection climate.

GOP War On Voting

Back in August, columnist Ari Berman wrote an article in Rolling Stone about the GOP war minorities, elderly, students and  the poor who traditionally vote Democratic, by passing state laws that make it increasing difficult, not just register to vote but to actually suppress voting:

As the nation gears up for the 2012 presidential election, Republican officials have launched an unprecedented, centrally coordinated campaign to suppress the elements of the Democratic vote that elected Barack Obama in 2008. Just as Dixiecrats once used poll taxes and literacy tests to bar black Southerners from voting, a new crop of GOP governors and state legislators has passed a series of seemingly disconnected measures that could prevent millions of students, minorities, immigrants, ex-convicts and the elderly from casting ballots. “What has happened this year is the most significant setback to voting rights in this country in a century,” says Judith Browne-Dianis, who monitors barriers to voting as co-director of the Advancement Project, a civil rights organization based in Washington, D.C.

On Sunday the Brennan Center for Justice released it’s study that these new laws will disenfranchise at least 5 million votes in 2012.

These new restrictions fall most heavily on young, minority, and low-income voters, as well as on voters with disabilities. This wave of changes may sharply tilt the political terrain for the 2012 election. Based on the Brennan Center’s analysis of the 19 laws and two executive actions that passed in 14 states, it is clear that:

   These new laws could make it significantly harder for more than five million eligible voters to cast ballots in 2012.

   The states that have already cut back on voting rights will provide 171 electoral votes in 2012 – 63 percent of the 270 needed to win the presidency.

   Of the 12 likely battleground states, as assessed by an August Los Angeles Times analysis of Gallup polling, five have already cut back on voting rights (and may pass additional restrictive legislation), and two more are currently considering new restrictions.

States have changed their laws so rapidly that no single analysis has assessed the overall impact of such moves. Although it is too early to quantify how the changes will impact voter turnout, they will be a hindrance to many voters at a time when the United States continues to turn out less than two thirds of its eligible citizens in presidential elections and less than half in midterm elections.

This study is the first comprehensive roundup of all state legislative action thus far in 2011 on voting rights, focusing on new laws as well as state legislation that has not yet passed or that failed. This snapshot may soon be incomplete: the second halves of some state legislative sessions have begun.

So far, 34 states have passed such laws.

Mr. Berman sat down for a discussion on Democracy Now with Amy Goodman and ProPublica reporter Lois Beckett who co-wrote, “The Hidden Hands in Redistricting: Corporations and Other Powerful Interests,” about how money is helping re-shape Congressional districts along partisan lines, a practice known as gerrymandering.:

Question: Where is the Obama Justice Department that should be challenging these laws as they relate to the 14th Amendment and the voting rights act?

Occupy Wall St. Livestream: Day 19

Watch live streaming video from globalrevolution at livestream.com

OccupyWallStreet

The resistance continues at Liberty Square, with free pizza 😉

“I don’t know how to fix this but I know it’s wrong.” ~ Unknown Author

An Open Letter To Wall Street

William Rivers Pitt

Before anything else, I would like to apologize for the mess outside your office. It’s been three weeks since all those hippies and punk-rockers and students and union members and working mothers and single fathers and airline pilots and teachers and retail workers and military service members and foreclosure victims decided to camp out on your turf, and I’m sure it has been quite an inconvenience for you. How is a person supposed to spend their massive, virtually untaxed bonus money on a double latte and an eight-ball with all that rabble clogging the sidewalks, right?

Your friends at JP Morgan Chase just donated $4.6 million to the New York City Police Foundation, the largest donation ever given to the NYPD. You’d think that much cheese would buy a little crowd control, but no. Sure, one of the “white shirt” commanding NYPD officers on the scene hosed down some defenseless women with pepper spray the other day, and a few other protesters have been roughed up here and there, and having any kind of recording device has proven to be grounds for immediate arrest, but seriously…for $4.6 million, you’d think the cops would oblige you by bulldozing these troublemakers right into the Hudson River. Better yet, pave them over with yellow bricks, so you can walk over them every day on your way in to work.

Occupy U.S.A., with Jeff Madrick – Countdown with Keith Olbermann

An important excerpt from Dr. Madrick’s interview from  Kevin Gosztola at FDL, who has been diligently following OWS from day one:

Olbermann asked if there is anything wrong with a movement not sitting there ready with a set of demands. Madrick responded:

   “There’s a kind of beautiful democracy in all this. And it’s very noticeable. There are people called facilitators. Everybody’s very kind to each other. There’s not a hierarchy and yet there’s an efficient system. Let’s do the teach-in over here. They shout out. There are these shout outs, this echo chamber you’ve talked about. Let’s determine who is going to speak in what order for the General Assembly, as they call it. But there are people with a variety of their own agendas, a variety of their interests. I think in time an agenda will evolve for some of these people. I think there will be splinter groups that follow one piece of the agenda and another piece of the agenda. So, frankly, I think at some point there should be an agenda but I must say I was taken by the kind of beauty of the lack of hierarchy and yet the efficiency and the caring.”

In the Joint Economic Committee hearing this morning, Sen. Bernie Sanders (I-VT) questioned Federal Reserve Chairman Ben Bernanke on the wealth gap and unemployment, asking him about Occupy Wall Street.

h/t to joanneleon for the trascript

Senator Sanders: Mr. Chairman, as you know, there are people demonstrating against Wall Street in New York city and other cities around the country and I think the perception on the part of these demonstrators and millions of other Americans is that as a result of the greed, the recklessness and the illegal behavior on Wall Street we were plunged into this horrendous recession we’re currently in.  Do you agree with that assessment?  Did Wall Street ‘s greed and recklessness cause this recession that led to so many people losing their jobs?

Ben Bernanke:  It had a… excessive risk taking on Wall Street had a lot to do with it and so did some failures on the part of regulators.

Senator Sanders: Do you believe that we have made any significant progress since the collapse of Wall Street to suggest that we will not either in the short term or in the longer term once again see a collapse on Wall Street and the necessity of a bail out?

Ben Bernanke: Senator, yes, we are making substantial progress although I would point out that many of the rules, implementing, as you pointed out yourself, many of the rules implementing Dodd-Frank are not yet enforced or fully implemented but I believe that as this process goes forward that we will have made a very substantial improvement, yes.

Senator Sanders: Well I would respectfully disagree.

[ … ]

Rep. (Dr.) Burgess: You see protests both on the right and the left. Right now the protests that are getting the headlines are on the left in New York.  What is that protest saying to you? What are you hearing from that activity in New York right now?

Ben Bernanke:  Well I would just say very generally I think people are unhappy with the state of the economy and what’s happening.  They blame with some justification the problems in the financial sector for getting us into this mess and they are dissatisfied with the policy response here in Washington and at some level I can’t blame them.  Certainly nine percent unemployment and very slow growth is not a good situation. That’s what they are protesting.

Rep. (Dr.) Burgess:  And are you incorporating that into the remedies that you are proposing?

Ben Bernanke: I’m taking into account the growth rate and the unemployment rate as well as the inflation rate.  I’m not taking the protests into account specifically but I certainly, like everyone else, am dissatisfied with what the economy is doing right now.

[ Transcript by joanneleon.  Any transcript errors are mine.]

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”.

Bill McKibben: The Cronyism Behind a Pipeline for Crude

LATE last month, the Obama administration unveiled a new tool that lets anyone send a petition to the White House; get 5,000 signatures in 30 days and you’re guaranteed some kind of answer. My prediction: it’s not going to stop people from trying to occupy Wall Street. After the past few years, we’re increasingly unwilling to believe that political reform can be accomplished by going through the “normal channels” of democracy.

It’s easy to understand why. In the first few months of the Bush administration, the vice president’s staff held a series of secret meetings with energy company executives to come up with a new energy policy that, essentially, gave big oil everything it asked for. When journalists learned about the secret sessions, they became a scandal – environmental groups complained long and loud, right up to the Supreme Court, and rightly so. Important decisions should be made in the open, not behind closed doors by cronies scratching one another’s backs.

Bono: The F Word

I’ve been known to drop the occasional expletive, but the most offensive F word to me is not the one that goes f***. It’s F***** — the famine happening in Somalia.

Drought, violence and political instability have invited in the grim reaper on a scale we have not seen in 20 years… more than 30,000 children have died in just three months. The pictures from Dadaab look like a nightmare from centuries past. Yet, this is the 21st century and these pictures are real and, on the whole, unseen. The food crisis in the Horn of Africa is nothing short of a humanitarian catastrophe, but it is getting less attention than the latest Hollywood break-ups and make-ups.

ONE’s new film The F Word: Famine is the Real Obscenity isn’t a typical emotional emergency appeal. It’s about focusing the media spotlight on the tragedy unfolding. It’s about building political support in the US and around the world for interventions that will stop the suffering today and break the cycle of famine in the future. Most of all, it’s about taking action — because famine is man-made.

Robert Kuttner: Wall Street: From Protest to Politics

When elected leaders largely ignore a disgrace like the financial collapse of 2008, sooner or later popular protest fills the vacuum. The Wall Street protests are heartening — but also a measure of the utter failure of the usual machinery of democracy to remedy the worst pillaging of regular Americans by financial elites since the 1920s.

For three years, we have been wondering, where is the outrage? For a time, it was co-opted by the Tea Parties — a faux populism, attacking government, financed by billionaires, delivering nothing to the 99 percent of Americans not represented by Wall Street. Now authentic protest directed against the real villains is finally here.

Richard (RJ) Eskow: Here’s Occupy Wall Street’s “One Demand”: Sanity

Even the sympathizers don’t always get it. I’m sure I get a lot of things wrong too, but here’s one thing I do understand: Change doesn’t begin with policy. It begins with perception. And you don’t change things by asking. You change them by acting.

But it begins with perception. “All money is a matter of belief,” as someone once said.

In the New York Times, Nick Kristof shows that he understands the #OccupyWallStreet movement more than most of his peers. “The protesters are dazzling in their Internet skills,” he writes, “and impressive in their organization.”

But like many other sympathetic observers, he misses their most important point when he says “the movement falters in its demands” because “it doesn’t really have any.”

Dean Baker: Bill Clinton Is Baaaaaaaaack!

Many people look back with fondness on Clinton years and there is good cause. The economy grew at an annual rate of almost 4.5 percent during his second term. The unemployment rate fell to a 4.0 percent as a year-round average in 2000. And the country saw strong real wage growth up and down the income ladder for the first time since the early ’70s.

This was all good news. However, it was unsustainable and Clinton’s economic team should have known it at the time. The immediate cause of the prosperity was the demand created by a $10 trillion stock bubble. While this gave some boost to investment, its main impact was on consumption. People spent based on their newly created stock wealth, causing the saving rate to fall below 2.0 percent, which at the time was the lowest level of the post-war era.

Robert Greenwald: There Are Many More Koch Brother Secret Sins

The Bloomberg news investigation into Charles and David Koch has uncovered unlawful and unpatriotic environmental crimes, political donations and business decisions benefitting Iran. There are so many secret sins committed by the Koch brothers no one story can cover it all.

But this is the story everyone will be talking about. We’ve documented many of the Koch brothers’ attacks on middle class families, and detailed their commitment to ending public education and resegregating communities.

Danny Schechter: Occupy Wall Street Has Been Battling the Cops; Now the Free Marketeers Take Their Shot

By its actions, Occupy Wall Street is puncturing myths like these:

l. The Myth that direct action against the center of financial power can’t be sustained.

2. The Myth that New York City is a bastion of liberalism and tolerance with its Mayor from Wall Street and its cops recipients of a well timed $4.6 million dollar donation from JP Morgan Chase whose bank up the street from the protest is guarded by — no guess needed– officers of the NYPD

3. The Myth that police violence only happens in other countries, not in the Big Apple where we are far too sophisticated to have a police department lead/encourage hundreds of protesters to cross a bridge via its roadway and then conveniently have buses and reinforcements on the other side to scoop them up.

They turned a bridge to Brooklyn into a bridge to jail without anyone having to pass GO or collect $200 as you would in a Monopoly game. The cops have a monopoly in this game, a monopoly on force — and use it.

Occupy Wall St. Livestream: Day 18

Watch live streaming video from globalrevolution at livestream.com

OccupyWallStreet

The resistance continues at Liberty Square, with free pizza 😉


Microphones, speakers and bull horns have been banned from use because they lack the permit required by NYC, so when Nobel Prize winning economist, Joseph Stiglitz spoke at Liberty Square on Sunday he used the “Peoples’ Microphone”. He was joined by New York Times book reviewer a and economics columnist, Jeff Madrick and looked like he was having a really good time:

It was rather amazing how this just emerged in the middle of Zuccotti park AKA LIBERTY SQUARE. The “people’s mic” check occurred, and suddenly we were listening to two important economists of our time speak to the protestors.

Great point about bullhorns…

Stiglitz is one of the most frequently cited economists in the world. It was great to hear the two of them speak, informally, in this magical setting. All types of people were listening, many folks were recording sound and visuals. The rain had stopped and a question and answer session had followed.

We Are All Human Microphones Now

by Richard Kim

Anyone who’s been down to Occupy Wall Street and stayed for a General Assembly will instantly recognize the call and response that begins, and frequently interrupts, each meeting.

“Mic check?” someone implores.

“MIC CHECK!” the crowd shouts back, more or less in unison.

You see, New York City requires a permit for “amplified sound” in public, something that the pointedly unpermitted Occupy Wall Street lacks. This means that microphones and speakers are banned from Liberty Plaza, and the NYPD has also been interpreting the law to include battery-powered bullhorns. Violators can be sentenced for up to thirty days in prison. Further complicating the matter is the fact that Liberty Plaza is not actually a public park. It’s privately owned by Brookfield Office Properties, landlords to Bank of America and JPMorgan Chase, and in addition to amplified sound, they’ve also sought to ban sleeping bags, tents and other equipment from what they call “Zuccotti Park.”

Suffice to say, despite all the attention given to how Twitter, Facebook and livestream video have helped spread the word, the heart of the occupation is most definitely unplugged. But the protesters aren’t deterred one bit; they’ve adopted an ingeniously simple, people-powered method of sound amplification. After the mic check, the meeting proceeds:

with every few words / WITH EVERY FEW WORDS!



repeated and amplified out loud / REPEATED AND AMPLIFIED OUT LOUD!

After his rousing speech Prof Stiglitz appeared on Lawrence O’Donnell’s The Last Word where he discussed discussed the movement and gives some advice to the GOP:

The Ministry of Truth Slams It To Faux News

Jesse LaGreca, aka MinistryofTruth and blogger extraordinaire, has been in Manhattan protesting with Occupy Wall St and speaking out about the economic injustice that enhances the 1% and leaves him one of the 99%. He was interviewed for On the Record with Greta van Sustern, needless to say, the piece ended on the cutting room floor. A copy if the video was made available by Kyle Christopher of Occupy Wall Street‘s media team to the New York Observer who also provides the transcript:

Ray: comrade.

Fox: Your colleague, she’d seen the protests in Greece and Europe and elsewhere. Did you guys take your cue from that? Are you hoping to cite certainly what was a lot of the tension, if not police activity. I know over the weekend there were over 100 arrests and you guys got things fired up. Are you taking your cues from the international movement and how do you want to see this? If you could have it in a perfect way, how would it be?

Jesse: Well I don’t know, its really difficult to answer questions leading to those conclusions. I’d say that we didn’t take our cue leading off of anybody really. It became a more spontaneous movement. As far as seeing this end, I wouldn’t like to see this end. I would like to see the conversation continue. This is what we should have been talking about in 2008 when the economy collapsed. We basically patched a hole on the tire and said let the car keep rolling. Unfortunately it’s fun to talk to the propaganda machine and the media especially conservative media networks such as yourself, because we find that we cant get conversations for the department of Justice’s ongoing investigation of News Corporation, for which you are an employee. But we can certainly ask questions like you know, why are the poor engaging in class warfare? After 30 years of having our living standards decrease while the wealthiest 1% have had it better than ever, I think it’s time for some maybe, I don’t know, participation in our democracy that isn’t funded by news cameras and gentlemen such as yourself.

Fox: But, uh, yeah well, let me give you this challenge Jesse.

Jesse: Sure.

Fox: We’re here giving you an opportunity on the record […] to put any

message you want out there, to give you fair coverage and I’m not

going to in any way

Jesse: That’s awesome!

Fox:…give you advice about it. So, there is an exception in the case, because you wouldn’t be able to get your message out there without us.

Jesse: No, surely, I mean, take for instance when Glenn Beck was doing his protest and he called the President, uh, a person who hates white people and white culture. That was a low moment in Americans’ history and you guys kinda had a big part in it. So, I’m glad to see you coming around and kind of paying attention to what the other 99 percent of Americans are paying attention to, as opposed to the far-right fringe, who who would just love to destroy the middle class entirely.

Fox: Alright, fair enough. You have a voice, an important reason to criticize myself, my company and anyone else. But, let me ask you that, in fairness, does this administration, President Obama, have any criticism as to the the financial situation the country’s in…?

Jesse: I think, myself, uh, as well as many other people, would like to see a little but more economic justice or social justice-Jesus stuff-as far as feeding the poor, healthcare for the sick. You know, I find it really entertaining that people like to hold the Bill of Rights up while they’re screaming at gay soldiers, but they just can’t wrap their heads around the idea that a for-profit healthcare system doesn’t work. So, let’s just look at it like this, if we want the President to do more, let’s talk to him on a level that actually reaches people, instead of asking for his birth certificate and wasting time with total nonsense like Solyndra.

Jesse, my friend, you rock.

Another Attorney General Exits Multi-State Mortgage Fraud Talks

Last Friday California Attorney General,Kamala Harris, notified Iowa Attorney General Tom Miller and U.S. Associate Attorney General Thomas Perrelli that she would no longer be participating in the multi-state talks to settle the mortgage and foreclosure fraud by the nation’s largest banks.

“Last week, I went to Washington, D.C., in hopes of moving our discussions forward,” Harris wrote. “But it became clear to me that California was being asked for a broader release of claims than we can accept and to excuse conduct that has not been adequately investigated.”

“[T]his not the deal California homeowners have been waiting for,” Harris adds one line later.

AG Harris joins the list of state attorney generals who have balked at letting the banks pay a mere $20 billion to settle their liability in the housing crisis they created without any real criminal investigations. In her letter (pdf), she states her plans:

   I intend to continue to investigate the mortgage practices that I believe have contributed to the growing housing crisis in my state. Months ago, I began California’s independent work in this respect by establishing a Mortgage Fraud Strike Force, and I have given the Strike Force attorneys a broad mandate to investigate all stages of the mortgage lending process, from origination to servicing and foreclosures to securitization of loans into investments in the secondary market. I am committed to doing as thorough an investigation as is needed – and to taking the time that is necessary – to set the stage for achieving appropriate accountability for misconduct.

   I will also push for additional legislation and regulations that enhance transparency and eliminate incentives to disregard borrower’s rights in foreclosure. Many of these reforms have been identified in the multistate talks, and I hope that in good faith the banks will adopt these reforms immediately.

While David Dayen doesn’t think that the legislation have a chance. he does say that public pressure has had a huge impact in pushing Harris to make this decision. It could also impact on her career, since she was rumored to be a possible replacement for US AG Eric Holder. Pushing hard against the Obama administration’s support of this agreement could take her out of consideration.

Dayen concludes, and I agree, that:

As for Tom Miller, his dream of getting the banks off the hook for their crimes is dead and buried. Without California and New York, you’re not going to be able to have a settlement that means anything. He’s probably looking for a way out right now.

The investigations have to be followed through. But this is a victory so far for accountability and against the whitewashes that have characterized the nation’s response to systemic fraud in an increasing and troubling fashion over the past several years.

Considering the success that Nevada Attorney General Catherine Cortez Masto had in a settlement with Morgan Stanley over mortgage practices that essentially garnered about $57,000 for some 600 to 700 Nevada homeowners, AG Harris’ withdrawal from the negotiations is a wise choice for Californians.

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