Tag: TMC Politics

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.

Katrina vanden Heuval: We need a jobs bill, Mr. President

The White House, once again, is pivoting to jobs. And once again, it is doing so in a way that’s unlikely to create any. Several weeks ago President Obama embarked on a manufacturing tour, highlighting its role in job creation. Few paid attention. Nothing changed.

Next week, the president will try again. In the wake of a debt-ceiling deal that is certain to harm an already fragile economy, the president is embarking on a bus tour through the Midwest to talk about jobs. It’s not clear what the administration expects will come from such a tour, save for a few local news stories in a few midsized media markets. For an economy desperate for bold action, for a people desperate for some genuine relief, this surely won’t cut it.

Obama used to say on the campaign trail that we can’t keep doing the same thing over and over again and expect a different outcome. He was right. Isn’t it high time he take his own words to heart?

Barbara Ehrenreich: Nickel and Dimed (2011 Version): On Turning Poverty into an American Crime

When you read about the hardships I found people enduring while I was researching my book — the skipped meals, the lack of medical care, the occasional need to sleep in cars or vans — you should bear in mind that those occurred in the best of times. The economy was growing, and jobs, if poorly paid, were at least plentiful.

In 2000, I had been able to walk into a number of jobs pretty much off the street. Less than a decade later, many of these jobs had disappeared and there was stiff competition for those that remained. It would have been impossible to repeat my Nickel and Dimed “experiment,” had I had been so inclined, because I would probably never have found a job.

For the last couple of years, I have attempted to find out what was happening to the working poor in a declining economy — this time using conventional reporting techniques like interviewing. I started with my own extended family, which includes plenty of people without jobs or health insurance, and moved on to trying to track down a couple of the people I had met while working on Nickel and Dimed.

Maureen Dowd: Withholder in Chief

Even the Butter Cow at the Iowa State Fair is not enough to sweeten the mood.

Three years ago, Barack Obama’s unlikely presidential dream was given wings by rapturous Iowans – young, old and in-between – who saw in the fresh-faced, silky-voiced black senator a chance to leap past the bellicose, rancorous Bush years into a modern, competitive future where we once more had luster in the world.

“We are choosing hope over fear,” Senator Obama told a delirious crowd of 3,000 here the night he won the Iowa caucuses.

But fear has garroted hope, as America reels from the latest humiliating blows on the economy and in Afghanistan. The politician who came across as a redeemer in 2008 is now in need of redemption himself.

Amy Goodman: From Kilotons to Millisieverts: Japan’s Nuclear Legacy

In recent weeks, radiation levels have spiked at the Fukushima nuclear power reactors in Japan, with recorded levels of 10,000 millisieverts per hour (mSv/hr) at one spot. This is the number reported by the reactor’s discredited owner, Tokyo Electric Power Co., although that number is simply as high as the Geiger counters go. In other words, the radiation levels are literally off the charts. Exposure to 10,000 millisieverts for even a brief time would be fatal, with death occurring within weeks. (For comparison, the total radiation from a dental X-ray is 0.005 mSv, and from a brain CT scan is less than 5 mSv.) The New York Times has reported that government officials in Japan suppressed official projections of where the nuclear fallout would most likely move with wind and weather after the disaster in order to avoid costly relocation of potentially hundreds of thousands of residents.

Marie Magaronis: Anarchy in the UK

Perhaps the whole point of a riot is to defy explanation: it’s an eruption of the irrational, a shattering of glass and boundaries, a testosterone-fueled roar that briefly flips anger and emptiness into something like ecstasy. What’s in the minds of the young men (and women, too) in London, Birmingham, Bristol and Liverpool who’ve sent great sheets of flame rising into the August night, devouring local businesses that it took years to build; who’ve turned plate glass to spiderwebs with one crack of a brick; who’ve gone home with their backpacks stuffed with cell phones, Nike trainers, X-boxes and Wiis? Well, wouldn’t we like to know, we middle-class types with access to a blog and an analysis, a “network” and a future?

Shayda Naficy: Watching Out for Our Water

Water is at risk in the United States and around the world. Its quality and availability is in peril. Today, nearly one in eight people lack access to adequate supplies of safe drinking water. Globally, water-borne diseases kill more people than tuberculosis or malaria, and five times as many children die of diarrhea than of HIV/AIDS.

The causes are varied. Industrial pollution. Agricultural run-off. Climate change. Land overuse. Many well known corporations are contributing to these problems, including Coca-Cola, Dow Chemical, Nestlé and Shell Oil. Unilever and Veolia, companies better known abroad, are responsible too.

Fatima Al-zeheri: The Ongoing Costs of the Iraq War

When you destroy someone’s property, you usually have to pay compensation. The United States is responsible for much of the destruction that has taken place in Iraq since the 2003 invasion. But instead of offering compensation to the Iraqis, Congressman Dana Rohrabacher (R-CA) has demanded that the Iraqi government pay the United States compensation in dollars for the cost of U.S.-led war. The Iraqi response was to kick Rohrabacher out of Baghdad.

While the United States focuses on its budget problems and the costs of the war, it is important to remember the price that Iraq and Iraqis have paid. It’s not just the hundreds of thousands who have died during and after the war. There are millions of refugees. The country’s infrastructure has been ruined. Corruption is flourishing.

And for all this destruction, Iraqis have received very little in the way of compensation.

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

Recall Wisconsin with Up Dates (Final)

This is dedicated to my friend the Ben Masel.

The polls opened this morning in Wisconsin to determine the recall of six of eight Republicans in the state Senate who voted to end union bargaining rights that sparked mass protests earlier this year. The Democrats need to win at least 3 seats to take back the Senate from the grips of the tea party Republicans. the other two races will be held on August 16th. These are the races that will be determined tonight:

There has been an influx of outside money in these races much of it from two groups with direct ties to the Koch brothers have financed many tea party organizations like Americans for Prosperity and Citizens for a Stronger America.

Amount spent on all state races in 2010: $3.75 million. Amount spent on recall elections targeting eight state senators: $31 million.

It has been nearly impossible to poll these races, as even the polling has been so skewed one way then another. We will just have to wait until the “fat lady” stops singing at 8 PM CDT (9 PM EDT).

Up dates will be posted as the returns are reported.

Up Date 20:17 PM EDT: Reports are coming in that voters turn out reached presidential election proportions of up to 70% in some districts. John Nichols on Countdown with Keith Olbermann believes that they could take back ore that three seats.

Up Date 21:00 EDT: In New Hampshire in a unnoticed special election for a seat in the Republican held Senate, Democrat Bob Perry wins the election

The polls in Wisconsin are now closed.

Up Date 09:30 EDT: Early this morning the race in the 18th District was called for the incumbent, Alberta Darling, leaving the Democrats one member short of taking back control of the WI State Senate. It did create a senate with a narrow margin of one. Democrats, although disappointed, were encouraged and will move on with the effort to recall Gov. Scott Walker in January.

The Real Cause of Rioting In Tottenham

Coming to a country near you:

London Sees Twin Perils Converging to Fuel Riot

Frustration in this impoverished neighborhood, as in many others in Britain, has mounted as the government’s austerity budget has forced deep cuts in social services. At the same time, a widely held disdain for law enforcement here, where a large Afro-Caribbean population has felt singled out by the police for abuse, has only intensified through the drumbeat of scandal that has racked Scotland Yard in recent weeks and led to the resignation of the force’s two top commanders.

The riot was the latest in what has turned out to be a season of unrest in Britain, with multiple demonstrations escalating into violence in recent months. And there was not long to wait until a new one erupted: across London, skirmishes broke out on Sunday between groups of young people and large numbers of riot police officers, which one officer said were drawn from forces around London.  

snip

Economic malaise and cuts in spending and services instituted by the Conservative-led government have been recurring flashpoints for months.

Late last year, students demonstrating against a rise in tuition fees occupied a building near Parliament and clashed repeatedly with the police. Prince Charles and his wife, Camilla, the Duchess of Cornwall, were attacked in their Rolls-Royce as protesters – some of whom were subsequently jailed – shouted “Tory scum,” a reference to the Conservative Party’s traditional links with the aristocracy, and “off with their heads!” In March, a reported 500,000 people marched against the cuts, with some protesters occupying the exclusive food store Fortnum & Mason – Prince Charles’s grocer.

On Saturday night, as rioters in Tottenham threw fireworks and bottles at police officers, one man shouted, “This is our battle!” When asked what he meant, the man, Paul Rook, 47, explained that he felt the rioters were taking on “the ruling class.”

Rioting and looting that started in the London suburb of Tottenham on Saturday evening was sparked by the shooting of a 29 year old black man during a car stop by police earlier that day. There is a lot of conflicting reports about what sparked the incident in the first place but what is known is the young man, a father of four and alleged cocaine dealer was armed, was shot once on the chest by a police officer and died. A peaceful protest march of about 200 degenerated into gangs attacking police cars, shops, banks and other buildings with widespread looting around Tottenham. The unrest in and around London has now spread across England to Bristol, Birmingham, Liverpool and Nottingham.

There are more reasons for this rioting and goes to the heart of the Cameron government’s austerity that has cut the social safety net for the very poor and unemployed who are mostly minorities.

Like many European cities, London is in the midst of serious fiscal inadequacies, and poor neighborhoods such as Tottenham and Hackney have suffered the most. Unemployment is rampant in such areas, especially in North London.

“Tottenham is a deprived area,” recently laid-off Uzodinma Wigwe told Reuters. “UnemploymentMetro police, as well as a private agency, are investigating the riots and the shooting.

The violence has marred otherwise peaceful rallies in London against government austerity measures.

In March, isolated clashes erupted in London between police and protestors marching from Piccadilly Circus to Hyde Park to Parliament. Police fired tear gas on the protestors, who in turn threw rocks, bottles, paint and light bulbs filled with ammonia at the police officers.  That clash injured 31 police officers and led to the arrest of 214 people.

snip

Earlier in the year, student protests against a tuition hike also turned violent, with students and police clashing on London streets. Demonstrators broke out shop windows and attacked Prince Charles’ Rolls Royce as it rolled down Regent Street. is very, very high … they are frustrated.”

“We know we have been victimized by this government, we know we are being neglected by the government,” said a middle-aged man who declined to give his name. “How can you make one million youths unemployed and expect us to sit down?”

Unemployment here in the US hovers around 9.1%, among African Americans it is 15.9%, nearly double that of unemployed whites (8.1%). While not nearly as bad as 1982 when unemployment for Afican Americans soared to 19.2%, the wealth gap has widened dramatically

ndeed, blacks have suffered disproportionately in the ongoing crisis, since they have lost tens of thousands of manufacturing jobs and endured huge cuts in public sector spending. Black teenagers bear the worst of it – their jobless rate is at a staggering 39.2 percent (versus 23 percent for white teenagers).

According to a recent study by the National Urban League (NUL), almost all the financial/economic gains that blacks have accomplished over the past three decades were wiped out by the Great Recession.

The economic collapse is not only thinning the ranks of the black middle class, but has likely condemned millions more to permanent poverty.

The NUL report further indicated that the nation’s housing crisis has disproportionately hurt black home ownership, which “has fallen at three times the rate of white home ownership.”

These are the same factors that have sparked the violent unrest in England. The president and congress would be wise to cease the talk about spending cuts and talks of more austerity and pay more attention to job creation. The US has seen this many times in it’s 235 year history, the most recent during the 80’s and 90’s when the socio-economic disparity was high as it is now. It is has been proved historically that putting people back to work correct the deficit and reverse the spiral towards recession.

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”.

Yves Smith: Why are the big banks getting off scot-free?

For most citizens, one of the mysteries of life after the crisis is why such a massive act of looting has gone unpunished. We’ve had hearings, investigations, and numerous journalistic and academic post mortems. We’ve also had promises to put people in jail by prosecutors like Iowa’s attorney general Tom Miller walked back virtually as soon as they were made.

Yet there is undeniable evidence of institutionalized fraud, such as widespread document fabrication in foreclosures (mentioned in the motion filed by New York state attorney general Eric Schneiderman opposing the $8.5 billion Bank of America settlement with investors) and the embedding of impermissible charges (known as junk fees and pyramiding fees) in servicing software, so that someone who misses a mortgage payment or two is almost certain to see it escalate into a foreclosure. And these come on top of a long list of runup-to-the-crisis abuses, including mortgage bonds having more dodgy loans in them than they were supposed to, banks selling synthetic or largely synthetic collateralized debt obligations as being just the same as ones made of real bonds when the synthetics were created for the purpose of making bets against the subprime market and selling BBB risk at largely AAA prices, and of course, phony accounting at the banks themselves.

Paul Krugmn: Credibility, Chutzpah and Debt

To understand the furor over the decision by Standard & Poor’s, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas. The first is that America is indeed no longer the stable, reliable country it once was. The second is that S.& P. itself has even lower credibility; it’s the last place anyone should turn for judgments about our nation’s prospects.

Let’s start with S.& P.’s lack of credibility. If there’s a single word that best describes the rating agency’s decision to downgrade America, it’s chutzpah – traditionally defined by the example of the young man who kills his parents, then pleads for mercy because he’s an orphan.

Joseph Stiglitz: More Stimulus for US, Less Austerity

THE Great Recession of 2008 has morphed into the North Atlantic Recession: it is mainly Europe and the US, not the major emerging markets, that have become mired in slow growth and high unemployment. And it is Europe and America that are marching, alone and together, to the denouement of a grand debacle. A busted bubble led to a massive Keynesian stimulus that averted a much deeper recession, but that also fuelled substantial budget deficits. The response – massive spending cuts – ensures that unacceptably high levels of unemployment will continue, possibly for years.

The European Union has finally committed itself to helping its financially distressed members. It had no choice: with financial turmoil threatening to spread from small countries like Greece and Ireland to large ones like Italy and Spain, the euro’s very survival was in growing jeopardy. Europe’s leaders recognised that distressed countries’ debts would become unmanageable unless their economies could grow, and that growth could not be achieved without help.

Dean Baker: The Economic Illiterates Step Up the Attack on Social Security and Medicare

Standard & Poor’s (S&P) downgrade of US debt should be seen as the joke it is. The rating agency, which gave investment grade ratings to hundreds of billions of dollars of subprime mortgage-backed securities, made an accounting error of $2 trillion in doing its assessment of the US financial situation.

However, when this error was called to S&P’s attention, it still went ahead with the downgrade. Just like the war in Iraq, the policy was decided in advance of the evidence.

The nonsense with the S&P downgrade is yet another distraction – after four months of haggling over the debt ceiling idiocy – from the real problem facing the country: a downturn that has left 25 million people unemployed, underemployed or out of the labor force altogether. Tens of millions of people are seeing their career hopes and family lives wrecked by the prospect of long-term unemployment.

Ted Rall: What I Would Do If I Were Obama

Jobs, jobs, jobs. Throughout the presidency of Barack Obama, Americans have been preoccupied with jobs. Unemployed people need work. The underemployed need more work. The employed want salaries that go up instead of down.

The rich are worried too. The Depression of 2008-? is killing their stock portfolios.

Most presidents struggle to find the pulse of the people. Trapped in the D.C. bubble, they try to find out what voters want. Obama was lucky. He didn’t have to do that. The U.S. was in the midst of an epic economic collapse in January 2009, and has been ever since. It’s the only issue that everyone, rich to middle to poor, cared about. It still is.

In this single-issue environment, any idiot could have been a successful president. All Obama had to do was express sympathy and understanding while announcing a bunch of jobs initiatives.

Not hard.

Eugene Robinson: A Downgrade’s GOP Fingerprints

The so-called analysts at Standard & Poor’s may not be the most reliable bunch, but there was one very good reason for them to downgrade U.S. debt: Republicans in Congress made a credible threat to force a default on our obligations.

This isn’t the rationale that S&P gave, but it’s the only one that makes sense. Like a lucky college student who partied the night before an exam, the ratings agency used flawed logic and faulty arithmetic to somehow come up with the right answer. No, life isn’t always fair.

And no, I can’t join the “we’re all at fault” chorus. Absent the threat of willful default, a downgrade would be unjustified and absurd. And history will note that it was House Republicans who issued that threat.

William Rivers Pit: The Wisconsin Solution

It was, simply, one of the worst weeks in recent memory.

They passed the debt-limit “deal” in Congress and sent it  out for signature by Mr. Obama, and the pen he used might as well have been a tiny little white flag of surrender. The financial markets here and abroad reacted to the unqualified mayhem of the debt-limit fight by going south like a duck in winter, and newspapers all across the country carried dire stories of a looming double-dip recession.

Adding insult to injury, Standard & Poors decided to screw us with our pants on by announcing a downgrade of America’s credit rating. The fact that they blamed their decision on the GOP did little to soften the blow, especially since most of the “mainstream” media chose to ignore this particular aspect of what Senator John Kerry (D-MA) came to call the “Tea Party Downgrade.”

E. J. Dionne, Jr.: Can America Still Lead?

LONDON-The first week of August 2011 will be remembered as a singularly irrational, wasteful and shameful moment in the political and economic history of the United States. It reflected much of what is wrong with the priorities of our political elites and the obsessions of those who now hold effective veto power over our government.

It began with the world hanging on to every development in the debt-ceiling negotiations as it fretted over whether Washington’s dysfunction would lead to American default and global calamity. Even robustly pro-American commentators and politicians wondered aloud if the United States could still govern itself.

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

White House: Still Punching Hippies

Yes, it an old video but it deserves resurrection from time to time. This is one of those times. When you’re failing and looking to blame someone blame the left, it’s all our fault. This is the fall back that the White House has consistently used since Barack Obama took office. I chuckled at Jon Walker’s article at FDL Action using the Scoobie Doo analogy of the White house tactic of laying the blame on the left for their failed policies from the pathetic health care bill to the Dodd-Frank reform bill and now the economically disastrous debt ceiling deal.

It would seem the White House is basically taking the perspective of a Scooby Doo villain in concluding why their brilliant plans fail. Hanging upside down in a comically oversize net with their rubber monster mask removed they yell, “we would have gotten away with it, too, if it hadn’t been for you meddling progressive bloggers!”

A meeting that took place recently with White House National Economic Council Director Gene Sperling and progressive advocacy groups was described as “tense” by Politico‘s Ben Smith:

Sperling faced a series of questions about the White House’s concessions on the debt ceiling fight and its inability to move in the direction of new taxes or revenues. Progressive consultant Mike Lux, the sources said, summed up the liberal concern, producing what a participant described as an “extremely defensive” response from Sperling.

Sperling, a person involved said, pointed his finger at liberal groups, which he said hadn’t done enough to highlight what he saw as the positive side of the debt package — a message that didn’t go over well with participants.

(emphasis mine)

If this has a familiar ring of “Groundhog’s Day”,, you’d be very correct. John Aravosis of AMERICAblog recalls attending one of those meetings in 2010 with Jared Bernstein, who was Chief Economist and Economic Policy Adviser to VP Biden:

I guess what struck me as most interesting about the meeting were two things. First, when Bernstein noted that, in trying to solve the country’s economic problems, the administration faces “budget constraints and political constraints.” By that, I took Bernstein to mean that the stimulus could only be so large last time, and we can only spend so much more money this time, because we’re facing a huge deficit, so there’s not much money to spend, and because the Hill and public opinion won’t let us spend more.

That struck me as GOP talking points winning the day, and I said so (Professor Kyle wrote about this very notion the other day on the blog). The only reason we’re facing a budget constraint is because we gave in on the political constraint. We permitted Republicans to spin the first stimulus as an abysmal failure, when in fact it created or saved up to 2m jobs. Since Democrats didn’t adequately defend the stimulus, and didn’t sufficiently paint the deficit as the Republicans’ doing, we now are not “politically” permitted to have a larger stimulus because the fiscal constraint has become more important than economic recovery.

And whose fault is that?

Apparently ours.

Bernstein said that the progressive blogs (perhaps he said progressive media in general) haven’t done enough over the past year to tell the positive side of the stimulus.

Jon Walker summed up this blame the left game that the White House is playing as another failure that faults everyone but themselves and their Republican allies:

If people see the the positive tangible effect that a policy has on their lives, they won’t care what anyone has to say about it.  Likewise, if a handful of writers sign on to the White House Happy Talk PR campaign, bad policy will never become broadly popular.  The administration’s failure to convince either bloggers or the public about the benefits of a particular action is most likely a signal that it is insufficient, ineffective, destructive or incompetent.

Personally, I am more that tired of being told by Obama supporters that we on the left are tea partying, Republicans and racist for criticizing President Obama’s right wing appeasement policies and his failure to follow up on his campaign promises. I’m tired of being told that by criticizing Obama I am emboldening the tea party, so I should STFU and go away. The truth be told they are the tea party Republican allies who are promulgating the right wing policies that will be the destruction of everything that has been gained since Franklin Roosevelt, all because of a well spoken bright shiny object has dazzled them and still does.  

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”.

Richard Wolff: The S&P Downgrade of US Debt: What it Means

Much verbiage is piling up on this issue. Yet, it matters little that the two other giant rating agencies did not downgrade US debt as S&P did. It is likewise unimportant that all those agencies deserve the bad reputations won when their over-rating of securities burst in the collapse of 2007 and took an already unbalanced economy into deep recession. Nor does the downgrade impose major cash costs anytime soon.

The S&P downgrade is important because it clarifies and underscores two key dimensions of today’s economic reality that most commentators have ignored or downplayed. The first dimension concerns exactly why the US national debt is rising fast. There are three major reasons for this: (1) major tax cuts especially on corporations and the rich since the 1970s and especially since 2000 have reduced revenues flowing into Washington, (2) costly global wars especially since 2000 have increased government spending dramatically, and (3) costly bailouts of dysfunctional banks, insurance companies, large corporations and the economic system generally since 2007 have likewise sharply expanded government spending. With less tax revenue coming in from corporations and the rich and more spending on defense/wars and bailouts, the government had to borrow the difference. Duh!

Robert Reich: Why S.& P. Has No Business Downgrading the US

Standard & Poor’s downgrade of America’s debt couldn’t come at a worse time. The result is likely to be higher borrowing costs for the government at all levels, and higher interest on your variable-rate mortgage, your auto loan, your credit card loans, and every other penny you borrow.

Why did S&P do it?

snip

S&P has downgraded the U.S. because it doesn’t think we’re on track to reduce the nation’s debt enough to satisfy S&P – and we’re not doing it in a way S&P prefers.

Jon Walker: White House’s Scooby Doo Villain Perspective on Politics

The Obama administration has a strange habit of inappropriately blaming the unpopularity of their actions on the fact that a few progressive writers didn’t do enough to sell the public on the good aspects of their deal.

It would seem the White House is basically taking the perspective of a Scooby Doo villain in concluding why their brilliant plans fail. Hanging upside down in a comically oversize net with their rubber monster mask removed they yell, “we would have gotten away with it, too, if it hadn’t been for you meddling progressive bloggers!”

Thom Hartmann: Mainstream Media Ignores S&P Attack On Republicans

Have you seen, anywhere, in any media, or even heard reported or repeated on NPR, the following sentence? “We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”

It’s right there on Page 4 of the official Standard & Poors “Research Update” – the actual report on what they did and why – published on August 5th as the explanation for why they believe Congress – and even the Gang of Twelve – will be unable to actually deal with the US debt crisis.

Perhaps it’s just lazy – the bullet points at the beginning of the report don’t mention the Republicans or taxes, but instead just say, for example (part of one of six quick bullet-points): “[T]he downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges…”

Jeff Goodell: An Environmental Upside to the Horrible Debt Deal?

With the debt-ceiling deal done, the details of who feels the most pain from the next ($1.6 trillion) round of cuts will be left up to a 12-person congressional “supercommittee,” to be formed in the coming weeks. But you can bet that funding for dramatic action on climate change and toxic mercury pollution is not going to win out over funding for bedpans and missiles.

In fact, as others have pointed out, cutting trillions out of the federal budget is likely to mean massive cutbacks in the regulatory arm at the EPA, the gutting of clean-energy funding at the Department of Energy, and goodbye to any hopes of infrastructure spending for little projects like, say, a 21st-Century electricity transmission grid.  Erich Pica, head of Friends of the Earth, pretty much summed it up: “The draconian cuts passed are likely to mean more people out of work, more people drinking poisoned water and breathing polluted air, and a slower transition to a clean energy economy.”

All true.  But maybe there’s an upside, too.  

Jim Hightower: America’s Real Job Creators Are Broke

Despite the GOP’s ideological claptrap about corporate executives being “job creators,” it’s ordinary Americans who actually create jobs.

You see, despite the GOP’s ideological claptrap about corporate executives being “job creators,” it’s ordinary Americans who actually create jobs by spending from their paychecks. This is why our obtuse policymakers need to quit pampering the rich and fussing over budgets.

Instead, they should launch a national, FDR-style jobs program that will immediately increase paychecks, perk up consumer spending, and generate grassroots economic growth.

Ray McGovern: They Died in Vain; Deal With It

Many of those preaching at American church services Sunday extolled as “heroes” the 30 American and 8 Afghan troops killed Saturday west of Kabul, when a helicopter on a night mission crashed, apparently after taking fire from Taliban forces.  This week, the Fawning Corporate Media (FCM) can be expected to beat a steady drumbeat of “they shall not have died in vain.”

But they did.  I know it is a hard truth, but they did die in vain.

As in the past, churches across the country will keep praising the fallen troops for protecting “our way of life,” and few can demur, given the tragic circumstances.

But, sadly, such accolades are, at best, misguided – at worst, dishonest.  Most preachers do not have a clue as to what U.S. forces are doing in Afghanistan and why.  Many prefer not to think about it.  There are some who do know better, but virtually all in that category eventually opt to punt.

Should we fault the preachers as they reach for words designed to give comfort to those in their congregations mourning the deaths of so many young troops?  As hard as it might seem, I believe we can do no other than fault – and confront – them.  However well meaning their intentions, their negligence and timidity in confronting basic war issues merely help to perpetuate unnecessary killing.  It is high time to hold preachers accountable.

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:

This Week with Christiane Amanpour: Sunday on “This Week,” Christiane Amanpour speaks with Standard & Poor’s Managing Director John Chambers, who serves as chair of S&P’s Sovereign Rating Committee, Maryland Governor Martin O’Malley, chair of the Democratic Governors Association, and Senator Jeff Sessions (R-AL), ranking member of the Senate Budget Committee and an exclusive interview with Ambassador Robert Ford, only on “This Week.”

The roundtable guests are ABC’s George Will and Cokie Roberts, as well as Steve Rattner, former Counselor to the Treasury Secretary and Lead Auto Advisor, Tea Party member Rep. Jason Chaffetz (R-UT), who voted against this week’s debt ceiling increase, and Ariel Investment president Mellody Hobson.

A special interview with Gloria Steinem.

Face the Nation with Bob Schieffer: The guests are David Axelrod, Obama campaign strategist and fmr. White House Advisor, Sen. Lindsey Graham (R-SC), and fmr. Democratic presidential candidate, Gov. Howard Dean

The Chris Matthews Show: Guests this week Dan Rather, HDNet Global Correspondent, Gloria Borger, CNN Senior Political Analyst, Rana Foroohar, TIME Magazine Assistant Managing Editor and Andrew Ross Sorkin, New York Times Wall Street Reporter who will discuss these topics:

Wall Street is the latest name for Obama’s pain and the 24/7 media universe: already fired up to fight that super committee!

Meet the Press with David Gregory: Sunday’s guests are John Kerry (D-MA) and John McCain (R-AZ).

The round table guests are former Chairman of the Federal Reserve, Dr. Alan Greenspan,  outgoing White House Economic Adviser, Austan Goolsbee,  MSNBC’s Rachel Maddow, and Republican strategist, Alex Castellanos.  

This might be a reason to turn on the TV

State of the Union with Candy Crowley: Steve Forbes, the CEO of Forbes Incorporated and Pres. Obama’s former top economic adviser, Larry Summers are the first guests, then California Gov. Jerry Brown in his first national interview since his election last year. Former White House communications director Anita Dunn and former Republican congressman Tom Davis discuss the debt ceiling debacle. Vice Adm. Mike McConnell, former director of national intelligence gives his perspective on the brutal violence taking place inside Syria and alleged cyber attacks emanating from China.

Fareed Zakaris: GPS: Guests are Arianna Huffington, TIME’s Joe Klein and Sharif el-Gamal, the realestate developer behind Park 51, the so-called, “Ground Zero Maosque”.

Glen Ford: Ruin-Nation: The Obama Catastrophe

Barack Obama finally got the grand, bipartisan consensus he’s been working towards for two and a half years. His implacable, deep-seated hostility to the left half of the Democratic Party (“retarded,” said his boy, Rahm Emanuel) – which includes most of the Congressional Black Caucus – transformed a 2008 popular mandate for progressive change into its opposite: a de facto center-right governing coalition of Republicans, rightwing Democrats and Obama’s Executive Branch arrayed against roughly half the Democrats (on a very good day) in the House of Representatives, plus a handful of liberal Senators.

Obama’s unrelenting hostility to “entitlements,” which he vowed to put “on the table” for cutting two weeks before taking the oath of office in January, 2009, came to fruition this week, setting in motion a rolling implosion of Roosevelt’s New Deal and Johnson’s Great Society. It is a monumental catastrophe, worthy of a Mt. Rushmore in reverse (say, deep in a guano-filled bat cave). History will, without doubt, lay this ruin of a nation at the doorstep of Obama, the corporate Democratic Trojan Horse whose complexional characteristics neutered, neutralized or outright made insane the bulk of Black America and most of those whites that pass as “progressives.”

Bruce Dixon: Barack Obama and the Debt Crisis: a Successful Con Game Explained

What just happened? Did Barack Obama just save the world, and us from a looming debt catastrophe? Or has he just played good cop to the Republican bad cop in an elaborate hoax staged to circumvent the will of the American people and deal mortal blows to Medicaid, Medicare and Social Security?

The phony debt ceiling crisis was, from beginning to end, a con. It was an elaborate and successful hoax in which the nation’s first black president, the Democratic and Republican parties, Wall Street and corporate media all played indispensable parts. The object of the supposed “crisis” was to short circuit public opinion, existing law, democratic process and traditions of public oversight, in order to deal fatal blows to Medicaid, Medicare, social security, job growth and public expenditures for the common good. It worked. We’ve been conned.

David Dayen: Balanced Budget Amendments Don’t Work: Look at State and Local Gov’t Stats

Republicans are barnstorming across the country in support of a balanced budget amendment. This, they say, will force government to “live within its means” and lead to surging economic growth, though I’m not really sure how they get from A to B. But we don’t really have to guess about the impact of a balanced budget amendment, particularly during recessions. Because we’re seeing the effects right now.

Since the technical end of the recession in July 2009, the public sector has 430,000 less jobs (pdf).

   Government employment is now 1.9 percent lower than it was at the start of the recovery, a drop of 430,000 jobs. In contrast, government employment rose by 1.1 percent (or 232,000 jobs) during the equivalent part of the last recovery.

In a testament to how weak the last recovery was, private sector hiring is actually better in this recovery. But the government employment cutbacks counteract it.

As we know, state and local governments cannot print money and are limited by statute in their ability to run deficits. So instead of borrowing in a recession when faced with a budget shortfall, they raise taxes or cut spending. Increasingly during this recession, they opted for the latter. As a result, we are seeing a catastrophe in public sector jobs. These are teachers, nurses, sanitation engineers, cops, firefighters, all being put on the street because state and local governments have to balance their budgets. And while the federal government provided some aid in the stimulus package to help states and localities manage, that has mostly faded away. So more cuts are in the offing.

Michael Winship: The New Era of Hostage Politics

When I arrived in Washington this past Sunday, just as the debt ceiling crisis was approaching its climax, all the flags surrounding the capital’s Union Station stood at half-mast. I blackly joked with my brother and sister-in-law that maybe they’d been lowered to mark the death of the New Deal. (In fact, they honored the recent passing of former Joint Chiefs of Staff Chairman John Shalikashvili.)

As for those throngs of sightseers, defying the malarial heat and clogging the DC streets and sidewalks? I imagined them engaged in that phenomenon known as “last chance tourism” — getting to a location before it disappears, like the melting glaciers of the Rockies.

But my bleakest fantasies aside, Washington and America still stand, although the shining city on a hill Ronald Reagan liked to extol has been graffitied with the intemperate sloganeering and mudslings of Tea Partiers and others of the right who believe the best government is none at all, and selfishly would have those in need huddle, jobless and hungry, in the dark. (What’s the old joke: how many laissez-faire economists does it take to screw in a lightbulb? None — the market will take care of it.)

Like so many progressives, I tried, really tried to find a silver lining in the deal that finally was brokered, much as one occasionally hears news reports on the “upside” of global warming. (Wider shipping lanes in the Arctic — hooray!) Programs for the poor seem to be protected, for now. Medicare cuts allegedly don’t affect beneficiary payments. The Bush tax cuts for the wealthy still expire in 2013! (I’ll believe it when I see 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”.

Click on images to enlarge

Michael Moore: 30 Years Ago: The Day the Middle Class Died

From time to time, someone under 30 will ask me, “When did this all begin, America’s downward slide?” They say they’ve heard of a time when working people could raise a family and send the kids to college on just one parent’s income (and that college in states like California and New York was almost free). That anyone who wanted a decent paying job could get one. That people only worked five days a week, eight hours a day, got the whole weekend off and had a paid vacation every summer. That many jobs were union jobs, from baggers at the grocery store to the guy painting your house, and this meant that no matter how “lowly” your job was you had guarantees of a pension, occasional raises, health insurance and someone to stick up for you if you were unfairly treated.

Young people have heard of this mythical time — but it was no myth, it was real. And when they ask, “When did this all end?”, I say, “It ended on this day: August 5th, 1981.”

Beginning on this date, 30 years ago, Big Business and the Right Wing decided to “go for it” — to see if they could actually destroy the middle class so that they could become richer themselves.

And they’ve succeeded.

Noam Chomsky: America in Decline

“It is a common theme” that the United States, which “only a few years ago was hailed to stride the world as a colossus with unparalleled power and unmatched appeal is in decline, ominously facing the prospect of its final decay,” Giacomo Chiozza writes in the current Political Science Quarterly.

The theme is indeed widely believed. And with some reason, though a number of qualifications are in order. To start with, the decline has proceeded since the high point of U.S. power after World War II, and the remarkable triumphalism of the post-Gulf War ’90s was mostly self-delusion.

Another common theme, at least among those who are not willfully blind, is that American decline is in no small measure self-inflicted. The comic opera in Washington this summer, which disgusts the country and bewilders the world, may have no analogue in the annals of parliamentary democracy.

Richard (RJ) Eskow: Is Wisconsin Ground Zero for the “American Spring” or a Third Party?

People watching the news over the past week might have thought that Congress was the only place where battles for our future were being won and lost. That’s wrong. There are other battles, better battles, battles far from the glare of the Beltway spotlights. And more are on their way.

So forget Washington for a minute. (If you feel like I do right now, that’ll be a pleasure.) If you want to see where the next wave of corporate-sponsored political attacks is being launched, look to New Orleans. And if you want a shot of optimism, a ray of light, a sign that battles can be won against overwhelming odds, turn your eyes toward Wisconsin.

John Nichols: Wasn’t the Debt-Ceiling Deal Supposed to Avert a 512-Point Dow Collapse?

You see, President Obama had to surrender to the Tea Party Republicans on every major issue in order to get the debt ceiling deal.

If the president had not agrees to massive cuts, the establishment of a structure that could undermine Medicare and and an approach to future economic debates that virtually assure that the United States government will have neither the ability nor the will to stimulate job creation, he could not have gotten a deal.

And if Obama had not gotten the debt ceiling deal, the markets would have tanked. That was the calculus at the White House, and among the Democrats who made the mistake of backing Obama as he veered far to the right in the debt ceiling negotiations.

Unfortunately, it was wrong. Not just morally wrong. Not just politically wrong. Not just economically wrong. It was wrong with regard to the cherished markets.

Robert Naiman: A Historic Opportunity to Cut Military Spending

The agreement in Washington to raise the debt ceiling in exchange for spending cuts has made a lot of people very unhappy. But the agreement had one important positive aspect: it created a historic opportunity for significant cuts in projected military spending.

Under the agreement, a joint House-Senate committee is supposed to propose, by Thanksgiving, $1.5 trillion of debt reduction (expenditures less revenues) over ten years. Significant cuts in projected military spending are on the table. Indeed, if the joint committee doesn’t agree on a plan or Congress doesn’t enact it, $1.2 trillion in cuts in projected spending over 10 years will be triggered, of which half must come from the military.

If the military cuts in the trigger mechanism take place, when added to the projected military cuts announced by the White House as part of this week’s deal, total cuts in projected military spending would amount to $884 billion. This is very close to the $886 billion in military cuts agreed by the plan of the Senate’s “Gang of Six,” a plan endorsed by President Obama. It’s in the ballpark of – but less than – the $960 billion in proposed military cuts of the Frank-Paul Sustainable Defense Task Force, the trillion dollars in proposed military cuts of the report of President’s deficit commission, the $1.1 trillion reduction in projected military spending proposed by the Domenici-Rivlin task force, and the $1.2 trillion in military cuts recommended by the Cato Institute. Conservative Republican Senator Tom Coburn says cutting the projected military budget by a trillion dollars over ten years is “not hard” and is “common sense.”

In other words: cutting projected military spending by a trillion dollars over the next ten years has become politically plausible.

Jill Richardson: ALEC Exposed: Protecting Factory Farms and Sewage Sludge?

As suburbs engulfed the rural landscape in the boom following World War II, many family farmers found themselves with new neighbors who were annoyed by the sound of crowing roosters, the smell of animal manure, or the rumble of farming equipment. In defense of family farming, Massachusetts passed the first “Right to Farm” law in 1979, to protect these farmers against their new suburban neighbors filing illegitimate nuisance lawsuits against them when, in fact, the farms were there first. Since then, every state has passed some kind of protection for family farms, which are pillars of our communities and the backbone of a sensible system of sustainable agriculture.

However, in the past few decades, intensive corporatization of farming has threatened both the future of family farming and the ability of neighbors to regulate the development of industrial agricultural operations that have transmogrified many farms into factories. Small-scale farms that resembled Old MacDonald’s farm (with an oink oink here and a moo moo there) have increasingly disappeared or been turned into enormous livestock confinements with literal lagoons of liquified manure and urine, super-concentrated smells that could make a skunk faint, or vast fields of monoculture crops grown with a myriad of chemicals and pesticides and sometimes even sewage sludge. For example, the decade before the first right to farm law was passed, it took one million family farms to raise nearly 60 million pigs but by 2001, less than ten percent (80,000 farms) were growing the same number of pigs.

Ray McGovern: Obama on the Backs of the Poor

What are we to make of the Obama-brokered deal on debt and spending? It was certainly what the Germans call eine schwere Geburt (a difficult birth); it was one of the few times I would have favored abortion.

I am reminded of a sermon that Dr. Martin Luther King Jr. gave during the turbulent 1950s, in which he peered into the future and issued a prescient warning:

“A nation or a civilization that continues to produce soft-minded men purchases its own spiritual death on an installment plan.”

In promoting and then signing the so-called “deficit reduction” legislation, President Barack Obama has definitively confirmed that he stands in the ranks of those spiritual-death-dealing, “soft-minded” men about whom Dr. King warned so ominously.

Charles M. Blow: The Decade of Lost Children

One of the greatest casualties of the great recession may well be a decade of lost children.

According to “The State of America’s Children 2011,” a report issued last month by the Children’s Defense Fund, the impact of the recession on children’s well-being has been catastrophic.

snip

We risk the creation of an engorged generational underclass born of a culture that has less income equality and fewer prospects for mobility than the previous generation.

It’s hard to see how we emerge from this downturn and its tumult a stronger nation if we allow vast swatches of our children to be lost. My fear is that we may not.

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