Tag: Opinion

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”.

Follow us on Twitter @StarsHollowGzt

New York Times Editorial Board: Racial Discrimination in Stop-and-Frisk

Judge Shira Scheindlin of Federal District Court in New York upheld the bedrock principle of individual liberty on Monday when she ruled that the tactics underlying New York City’s stop-and-frisk program violated the constitutional rights of minority citizens. She found that the city had been “deliberately indifferent” to police officers illegally detaining and frisking minority residents on the streets over many years. [..]

Mayor Bloomberg, who has steadfastly supported this corrosive and socially damaging program, seemed unchanged on Monday. He arrogantly dismissed the suit and this ruling as the work of “one small group of advocates – and one judge,” repudiating the outrage about stop-and-frisk that has been growing in the city for years.

He has promised to appeal, but, fortunately, he will be leaving City Hall soon. His successor should retract the appeal and begin the process of bringing New York City’s police practices in line with the Constitution.

Richard (RJ) Eskow: What Should We Think About the Arrests at JPMorgan Chase?

Four years after Wall Street’s malfeasance dealt a telling blow the economy, and long after tens of billions of dollars have been paid out for banker fraud, reports say that we’re about to see the first arrests of Wall Street bank employees. What’s more, the suspects work at JPMorgan Chase — a bank which, ironically enough, politicians and pundits insisted was the “good bank” after the financial crisis hit in 2008.

In fact, Chase CEO Jamie Dimon spent years speaking out forcefully against additional bank regulation. (Lately, not so much…)

Financial cases can seem complicated. What should we think about these recent announcements in the “London Whale” case?

Trevor Timm: Edward Snowden is a patriot

Does President Barack Obama think we’re stupid?

That’s the only conclusion possible after watching Friday’s bravura performance in which the president announced a set of proposals meant to bring more transparency to the National Security Agency – and claimed he would have done it anyway, even if Edward Snowden had never decided to leak thousands of highly sensitive documents to The Guardian’s Glenn Greenwald.

But even as he grudgingly admitted that the timing, at least, of his suggestions was a consequence of Snowden’s actions, the president declared, “I don’t think Mr. Snowden was a patriot.” When you look at what has changed over the past two months, though, it’s hard not to wonder, “What could be more patriotic than what Snowden did?”

Robert Reich: Why the Anger?

The last time America was this bitterly divided was in the 1920s, which was the last time income, wealth, and power were this concentrated.

When average people feel the game is rigged, they get angry. And that anger can easily find its way into deep resentments — of the poor, of blacks, of immigrants, of unions, of the well-educated, of government.

This shouldn’t be surprising. Demagogues throughout history have used anger to target scapegoats — thereby dividing and conquering, and distracting people from the real sources of their frustrations.

Make no mistake: The savage inequality America is experiencing today is deeply dangerous.

William K. Black: Why Are Appraisers Furious at Fraud by Their Peers While Corporate Lawyers Are Complacent?

I have done a series of articles about the efforts of honest appraisers (which began in 2000) and loan brokers to alert the lenders, the markets, and the government to the twin fraud epidemics (appraisals and “liar’s” loans) committed by lenders’ controlling officers that drove the financial crisis.

Honest appraisers could have profited greatly by becoming dishonest appraisers who would be given the lucrative assignments by fraudulent lenders’ controlling officers and their agents. Instead, honest appraisers suffered serious losses of income because they refused to succumb to the extortion efforts of the fraudulent lenders and their agents.[..]

What about corporate lawyers? I get the same answer about heroes when I speak to legal groups made up of professionals who represent corporations. On August 9, 2013 I had an opportunity to test the accuracy of this answer when I participated in a meeting of nearly 20 law professors who teach white-collar crime classes. Some of these professors teach at schools that regularly send their graduates to Wall Street. The hot business in white-collar crime is corporate investigations. I asked my counterparts if they could name a hero among corporate counsel — any counsel who stopped a control fraud at a major firm or who was fired trying to stop the fraud. No one could think of a corporate counsel (in-house or outside counsel) who had done so. As lawyers and teachers of lawyers we must be both horrified and energized (to change how we teach) by that answer. (I hope that there are corporate lawyers who were heroes we have not heard of yet.)

Dean Baker: The Smart Boys: Larry Summers and Jeff Bezos

The news in the last couple of weeks has had endless references to two people who we have been repeatedly told are brilliant: former Treasury Secretary and top Obama advisor Larry Summers and Amazon founder Jeff Bezos. The paeans to the genius of both men say a great deal about the quality of public debate in elite circles. [..]

It will be a big step forward when reporters and columnists are able to look at the people they consider brilliant with open eyes and talk about their accomplishments and failures in a serious way. In the recent Summers and Bezos chapters, they have been awed into vapidity.

Gary Younge: America cares for you – until you start asking questions

Manning, Snowden and Trayvon Martin: a series of legal cases is making US citizens re-evaluate what the state is really for

Those who defend this version of the all-powerful, all-caring state have little choice but to demonise those who oppose it. They assume their powers on the basis that they are best qualified to know what’s best for the public, even when the public thinks differently. Those who challenge such hubris are dealt with severely. The enemy in the NSA scandal is not those who are spying on you and lying about it, but the one who tells you about it. The criminal, in the Manning case, is not the soldiers who murder innocent civilians and laugh about it or the politicians who sent them to war but the young man who exposes their crimes.

The state is right to be worried. For while it has aggregated power, it has failed to garner the influence to sustain or justify it. Manning said he hoped by releasing the cables he would spark “worldwide discussion, debates, and reforms”. The leaks informed the Arab spring, revealing the venality of the leaders and the complicity of the US. When Snowden came out as a whistleblower, he said his greatest fear was “that nothing will change”. As Obama moves to modestly reform the NSA, the public he claims to be protecting shows growing support for Snowden. Neither the government nor the judiciary has been able to point to a single credible example of how its secrecy, neglect, deception or persecution in these cases has protected anybody or anything. When they insist such measures are crucial for security, they evidently mean security of the state – not the people who live in 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”.

Follow us on Twitter @StarsHollowGzt

Paul Krugman: Milton Friedman, Unperson

Recently Senator Rand Paul, potential presidential candidate and self-proclaimed expert on monetary issues, sat down for an interview with Bloomberg Businessweek. It didn’t go too well. For example, Mr. Paul talked about America running “a trillion-dollar deficit every year”; actually, the deficit is projected to be only $642 billion in 2013, and it’s falling fast.

But the most interesting moment may have been when Mr. Paul was asked whom he would choose, ideally, to head the Federal Reserve and he suggested Milton Friedman – “he’s not an Austrian, but he would be better than what we have.” The interviewer then gently informed him that Friedman – who would have been 101 years old if he were still alive – is, in fact, dead. O.K., said Mr. Paul, “Let’s just go with dead, because then you probably really wouldn’t have much of a functioning Federal Reserve.”

Which suggests an interesting question: What ever happened to Friedman’s role as a free-market icon? The answer to that question says a lot about what has happened to modern conservatism.

Sen. Bernie Sanders and Sen. Elizabeth Warren: Four Questions for Fed Chair Candidates

The decisions made by the next chair of the Federal Reserve will have a powerful impact on the economic well-being of every person in America.

While the largest financial institutions and corporations in this country have been bailed out and are now back to making enormous profits and rewarding their executives with outsized compensation packages, recovery hasn’t gone so well for the rest of America. Middle class families have continued to lose ground economically, the number of Americans living in poverty is near an all-time high, and the gap between the very rich and everyone else is growing wider.

The next Fed chair will have enormous power and influence over our entire financial system and the direction of the economy. The Fed is responsible not only for our country’s monetary policy, but it is also a key regulator of financial institutions. In our view, the president’s nominee for Fed chair must be committed to improving the lives of working Americans who are still struggling through the worst economic crisis since the Great Depression.

Robert Kuttner: We Are All Detroit

Do you think the damage from the pending bankruptcy of the city of Detroit will be limited to Detroit? Think again.

Detroit is partly the victim of economic trends far beyond its control, the downsizing and outsourcing of the auto industry and the collapse of the sub-prime bubble, to name just two. And yes, the city has suffered from corrupt and inept local government. But leaving Detroit to a bankruptcy process that favors investment bankers over local pensioners will neither provide a fair outcome nor contain the damage.

Joe Firestone: What Would You Have the President Do?

There were varying reactions to the President’s recent speech at Knox College this week. My reaction was that the speech was deeply dishonest in light of the President’s previous policies, actions, and results, and I intended to do a critique, but Michael Hudson and Yves Smith beat me to it. In a fine post at Naked Capitalism, entitled “Michael Hudson Shreds Obama’s Orwellian Speech On Middle Class Prosperity,” Michael Hudson, with occasional added comments from Yves, deconstructs the speech paragraph by paragraph, and sometimes line-by-line, pointing out disingenuous assertions and outright dishonesty. [..]

The reaction to the post was vigorous with most of the discussion supporting and amplifying the views presented. However, there was one comment which said: [..]

What would u have him do? [..]

Of course, that persistent rationalization offered by the world’s Obamabots is my cue. What I want him to do falls into two major categories. First, there are necessary first moves he can probably get done which will facilitate passing all the other policies I propose. Second, there are the policies that will restore prosperity to poor and middle class over time.

Thom Hartman: We’re All Being Poisoned by Deregulated Capitalism

There’s an undeclared war going on between the rich and the poor right here in the United States and the rich think they’ve found a way to win it.

They’ve locked themselves into gated communities, lily-white suburbs, and wealthy urban neighborhoods and they’ve priced the poor out.

Happy and blissful in their one percent paradise, the richest Americans think they can ignore how their policies have decimated the poor and the working-class.

Think they can live in a “me” society, and ignore the larger “we society.”

But they’re wrong and here’s why.

It’s pretty much common knowledge in the United States that poverty and health are inseparable. All the major indicators of physical health – diabetes, heart-disease, and even access to nutritious foods – are connected to socioeconomic status.

Jim Hightower: The Border-Industrial Complex

War profiteers have spied a new place they can militarize with their high-tech, high-cost weaponry.

At last, both Republicans and Democrats are beginning to respond aggressively to economic needs. “It has been a tough time,” admits one Washington insider, applauding a new spending proposal that “could help out.”

Unfortunately, he and Congress aren’t referring to your tough times. No, no – they’re rushing to the aid of the multi-billion-dollar Military-Industrial Complex.

The government, you see, hasn’t been getting our nation into enough wars to satisfy the insatiable appetite of Northrop Grumman and its ilk for government money. So those war profiteers have spied a new place they can militarize with their high-tech, high-cost weaponry: The U.S.-Mexican border.

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”.

Follow us on Twitter @StarsHollowGzt

The Sunday Talking Heads:

Up with Steve Kornacki: There was no guest list posted for today

This Week with George Stephanopolis: guest this Sunady are : Edward Snowden’s father Lon Snowden and attorney Bruce Fein; chairs of the Senate and House Foreign Relations committees, Sen. Robert Menendez (D-NJ) and Rep. Ed Royce (R-CA); Donald Trump and former North Dakota Sen. Byron Dorgan.

Panel guests for the roundtable debate are Rep. Joaquin Castro (D-TX); Rep. Louie Gohmert (R-TX); and ABC News’ George Will and Donna Brazile.

For a special discussion about the sale of The Washington Post and what it means for the future of the news media, with George Will, Huffington Post Media Group editor-in-chief Arianna Huffington, “Bloomberg West” anchor Cory Johnson, and editor of The New Yorker David Remnick.

Face the Nation with Bob Schieffer: Mr. SChieffer’s guests are Rep. Pete King (R-NY):  Rep. Dutch Ruppersberger (D-MD); and former director of the CIA & National Security Agency Gen. Michael Hayden.

For a discussion of the sale of The Washington Post and the state of newspapers, the panel guests are former managing editor of The New York Times, Bill Keller, Politico‘s Editor-in-Chief John Harris and Len Downie, the former executive editor of The Washington Post.

Guests for a foreign policy panel are New York TimesEric Schmitt, The Washington Post‘s Rajiv Chandrasekeran and CBS News’ Margaret Brennan.

Meet the Press with David Gregory: This week’s MTP guests are : Senator Claire McCaskill (D-MO); House Homeland Security Committee Chairman Rep. Mike McCaul (R-TX); The Washington Post‘s Barton Gellman, who helped to break the NSA surveillance story; and NBC Special Correspondent Ted Koppel.

Guests for the roundtable are: David Ignatius of the Washington Post; Republican strategist Ana Navarro; David Brooks of the New York Times, and Former Governor of New Mexico and UN ambassador, Bill Richardson.

State of the Union with Candy Crowley: Ms Crowley’s guests this Sunday are Chairman of the RNC, Reince Priebus; and Democratic Congressman James Clyburn.

For a discussion on future of baseball and doping, she is joined by retired Major League Baseball Hall of Famer Ernie Banks; USA Today Sports Columnist Bob Nightengale; and documentary filmmaker Ken Burns.

The political panel guests are: CNN Crossfire host Stephanie Cutter; CNN Political Commentator Kevin Madden; CNN Political Commentator Ben Ferguson; and CNN Political Commentator Errol Lewis.

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”.

Follow us on Twitter @StarsHollowGzt

New York Times Editorial Board: A Weak Agenda on Spying Reform

President Obama, who seems to think the American people simply need some reassurance that their privacy rights are intact, proposed a series of measures on Friday that only tinker around the edges of the nation’s abusive surveillance programs. [..]

If all Mr. Obama is inclined to do is tweak these programs, then Congress will have to step in to curb these abuses, a path many lawmakers of both parties are already pursuing. There are bills pending that would stop the bulk collection of communications data, restricting it to those under suspicion of terrorism. Other measures would require the surveillance court to make public far more of its work. If the president is truly concerned about public anxiety, he can vocally support legislation to make meaningful changes, rather than urging people to trust him that the dishes are clean.

Dean Baker: Fiddling with Fannie and Freddie Only Sets Us Up for Another Crash

Best leave the mortgage market in government control or abolish Fannie Mae and Freddie Mac entirely and let moral hazard rule

President Obama’s announcement of his plans for a restructured mortgage market was painful for those who remember the bubble and crash. It seems as though he learned nothing from this disaster.

he key problem in the bubble years was the ability of private actors to profit by taking huge risks in issuing and securitizing bad mortgages, while handing the downside risk to taxpayers. This was the story with Countrywide, Bank of America, Goldman Sachs, Citigroup and the rest.

It was also the story with Fannie Mae and Freddie Mac in their prior incarnation, before the collapse of the bubble sent them into conservatorship. The pre-conservatorship Fannie and Freddie were run as for-profit companies. Their top executives made Wall Street-type salaries, pocketing tens of millions of dollars a year.

Charles M. Blow: ‘A Town Without Pity’

America was once the land of Lady Liberty, beckoning the world: “Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. Send these, the homeless, tempest-tossed to me. I lift my lamp beside the golden door!”

No more.

Today’s America – at least as measured by the actions and inactions of the pariahs who roam its halls of power and the people who put them there – is insular, cruel and uncaring.

David Sirota: The Creative Destruction of Misguided Ideology

Stripped down to its fundamentals, the insurance business is the business of assessing risk. Regardless of what is being insured, a successful insurer is one that analyzes the risk of having to pay out benefits, and then adjusts coverage rates to make sure more money is coming in than is going out. The more accurate the assessment of risk, the more financially successful an insurance company tends to be.

Because of this model, private insurance is the conservative ideologue’s favored method of assessing danger and managing risk, for it is a purely free-market instrument. Indeed, as a right-wing activist would readily admit, private insurance focuses exclusively on the dollars and cents of actuarial analyses, and it bases prices on data and empiricism, not on fact-free political ideology and poll-tested platitudes.

So, then, what happens when the insurance industry so touted by the conservative movement starts saying things that wholly contradict that movement’s talking points?

Gail Collins: Playing Post Office

Today, let’s tackle a big national problem. Something that’s been going on for so long that everybody’s exhausted and has lost all hope of resolution in their lifetimes. (Like the baseball career of Alex Rodriguez.)

The Postal Service. Yes! Let’s fix the Postal Service, which lost more than $15 billion last year. Lately, things have been going better, but we’re still talking about a problem that’s actually way worse than A-Rod. More like something between a plague of locusts and a small, localized zombie invasion.

And it’s not all the management’s fault. You would be losing money, too, if your core product had been totally undermined by the Internet and you were required to be a self-supporting business except for the part where each and every move required special Congressional approval.

Jim Horn: Who’s Lying to Whom? Duncan, Bloomberg, and the Rotted Common Core

Yesterday Mike Bloomberg called the new test score basement that all NY schools have rushed into “very good news,” and he blamed the media for noticing that it was happening.  With State and City schools-at least the ones with poor kids-once more crushed under the boot (Rochester had 5% of kids passing reading and math) of new tests and new cut scores, the Prince followed up with this: “We have to make sure that we give our kids constantly the opportunity to move towards the major leagues.”

Really?  Is that what you are making sure of, Mike? Or are you not really making sure that poor kids and poor schools that have been sawed and savaged for a dozen years at least stay right where they are?  That is at the bottom, where the racist and classist standardized tests place them, except that from here forward these poor kids, re-demoralized by yet another round of failure assurance, will be taken housed in the segregated corporate reform schools that the charter traders and hedge fund managers on Wall Street are so heady about.  Isn’t that what you know is really going on, Mayor?

Arne Duncan tried yesterday to swoop in to help rescue Bloomberg from those reporters reporting the news and finally asking questions, but all the  the lead lummox could manage was to parrot his own voice recording that, in the present context of the new Common Core testing-delivery system, sounded even more hollow from an even hollower man: “Too many school systems lied to children, families and communities. . . .Finally, we are holding ourselves accountable as educators.”

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”.

Follow us on Twitter @StarsHollowGzt

Krugman: Phony Fear Factor

We live in a golden age of economic debunkery; fallacious doctrines have been dropping like flies. No, monetary expansion needn’t cause hyperinflation. No, budget deficits in a depressed economy don’t cause soaring interest rates. No, slashing spending doesn’t create jobs. No, economic growth doesn’t collapse when debt exceeds 90 percent of G.D.P.

And now the latest myth bites the dust: No, “economic policy uncertainty” – created, it goes without saying, by That Man in the White House – isn’t holding back the recovery. [..]

And the policy moral is clear: We need to stop talking about spending cuts and start talking about job-creating spending increases instead. Yes, I know that the politics of doing the right thing will be very hard. But, as far as the economics goes, the only thing we have to fear is fear-mongering itself.

New York Times Editorial Board: Breaking Through Limits on Spying

Apparently no espionage tool that Congress gives the National Security Agency is big enough or intrusive enough to satisfy the agency’s inexhaustible appetite for delving into the communications of Americans. Time and again, the N.S.A. has pushed past the limits that lawmakers thought they had imposed to prevent it from invading basic privacy, as guaranteed by the Constitution.  [..]

It turns out, as Charlie Savage revealed in The Times on Thursday, that the N.S.A. went far beyond those boundaries. Instead, it copies virtually all overseas messages that Americans send or receive, then scans them to see if they contain any references to people or subjects the agency thinks might have a link to terrorists.

Amy Goodman: Please Read Joseph Heller’s Catch-22 on Your Vacation, Mr. President

Senator Obama’s objection to ‘a dumb war’ won him nomination. As commander-in-chief, he has reneged on opposing militarism

As the Obama family heads to their annual summer vacation on Martha’s Vineyard, perhaps the president should take along a copy of Catch-22 for some beach reading. Joseph Heller’s classic, satirical anti-war novel, published in 1961 and based on his experiences as a bombardier in the second world war, is sadly relevant today, as Obama’s wars, in Afghanistan and beyond, drag on. [..]

Heller’s protagonist in Catch-22, Captain Yossarian, holds a wounded comrade – named Snowden, coincidentally – who dies in his arms. The experience cements Yossarian’s opposition to war. Bradley Manning, too, went to war, and hated what he saw. He took action, leaking documents to spark a national debate.

Heller’s depiction of war – grim and stark – was fiction, though based on his own experience. Obama’s wars, his drone strikes, his war on whistleblowers, are all too real.

Mark Weisbrot: The More Nefarious US Foreign Policy, The More It Relies on Media Complicity

Americans are shielded from the ugly consequences of US military power by our journalists’ self-censorship

The US still has military spending that is higher in real, inflation-adjusted terms than it was during the peak of the Reagan cold war build-up, the Vietnam war and the Korean war. We seem to be in a state of permanent warfare, and – we have recently learned – massive government spying and surveillance of our own citizens. This is despite an ever-receding threat to the actual physical security of Americans. Only 19 people have been killed by acts of terrorism in the US since 11 September 2001, and none or almost none of these was connected to foreign terrorists. Also, there are no “enemy states” that pose a significant military threat to the US – if any governments can be called “enemy states” at all.

Michael T. Klare: How to Fry a Planet

The Third Carbon Age: Don’t for a Second Imagine We’re Heading for an Era of Renewable Energy

When it comes to energy and economics in the climate-change era, nothing is what it seems.  Most of us believe (or want to believe) that the second carbon era, the Age of Oil, will soon be superseded by the Age of Renewables, just as oil had long since superseded the Age of Coal.  President Obama offered exactly this vision in a much-praised June address on climate change.  True, fossil fuels will be needed a little bit longer, he indicated, but soon enough they will be overtaken by renewable forms of energy.

Many other experts share this view, assuring us that increased reliance on “clean” natural gas combined with expanded investments in wind and solar power will permit a smooth transition to a green energy future in which humanity will no longer be pouring carbon dioxide and other greenhouse gases into the atmosphere.  All this sounds promising indeed.  There is only one fly in the ointment: it is not, in fact, the path we are presently headed down.  The energy industry is not investing in any significant way in renewables.  Instead, it is pouring its historic profits into new fossil-fuel projects, mainly involving the exploitation of what are called “unconventional” oil and gas reserves.

Diana Ravitch: Punishing Kids for Adult Failures

The massive score drop on tough new New York tests gives us an opportunity–and obligation–to change course

Test scores across New York State have collapsed, new results released Wednesday showed. Last year, 55% of students in the state passed the reading test; 65% passed the math test. This year, only 31% passed both subjects. In New York City, the proportion passing the state tests fell from 47% in reading and 60% in math to only 26% in reading and 30% in math.

Did the students suddenly get stupid? Did their teachers become incompetent overnight? Did schools fail en masse? [..]

he leaders of the state seem intent on discouraging students, teachers and principals. Why do they want public schools to look bad? That is a question for them to answer.

The madness must end. Next spring, parents should keep their children home on testing day. Or send them to school with a note saying that they are opting out of the state testing. They should exercise their rights as citizens and send a message to the state: “Not with my child.”

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”.

Follow us on Twitter @StarsHollowGzt

John Kiriakou: Obama’s Abuse of the Espionage Act is Modern-Day McCarthyism

Shame on this president for persecuting whistleblowers with a legal relic, while administration officials leak with impunity

The conviction of Bradley Manning under the 1917 Espionage Act, and the US Justice Department’s decision to file espionage charges against NSA whistleblower Edward Snowden under the same act, are yet further examples of the Obama administration’s policy of using an iron fist against human rights and civil liberties activists.

President Obama has been unprecedented in his use of the Espionage Act to prosecute those whose whistleblowing he wants to curtail. The purpose of an Espionage Act prosecution, however, is not to punish a person for spying for the enemy, selling secrets for personal gain, or trying to undermine our way of life. It is to ruin the whistleblower personally, professionally and financially. It is meant to send a message to anybody else considering speaking truth to power: challenge us and we will destroy you.

Mark Weisbot: Mass Media Helps Keep Americans in the Dark About U.S. Foreign Policy

The United States still has military spending that is higher in real, inflation-adjusted terms than it was during the peak of the Reagan Cold War build-up, the Vietnam War, and the Korean War. We seem to be in a state of permanent warfare, and — we have recently learned — massive government spying and surveillance of our own citizens. This is despite an ever-receding threat to the actual physical security of Americans. Only 19 people have been killed acts of terrorism in the United States since September 11, 2001; and none or almost none of these were connected to foreign terrorists. And there are no “enemy states” that pose a significant military threat to the United States — if any governments can be called “enemy states” at all.

One of the reasons for this disconnect is that most of the mass media provide a grossly distorted view of U.S. foreign policy. It presents an American foreign policy that is far more benign and justifiable than the reality of empire that most of the world knows. In a well-researched and thoroughly documented article published by the North American Congress on Latin America (NACLA), Keane Bhatt provides an excellent case study of how this happens.

Richard (RJ) Eskow: 7 Things About Prosecuting Wall Street You Wanted to Know (But Were Too Depressed to Ask)

President Obama’s Justice Department, under the direction of Attorney General Eric Holder, hasn’t indicted a single bank executive for the massive Wall Street crime wave that devastated the economy. The regulatory reform which followed the 2008 crisis wasn’t nearly enough, and yet Republicans are trying to weaken even that.

And just this week there were several news stories about bank crime. What do they mean? Why haven’t any bankers gone to jail? What’s going on in this country?

Here are seven things about Wall Street crime and Washington “justice” you might have wanted to know, but were probably too depressed to ask. It’s true that there’s a shortage of justice where bankers are concerned. But don’t get depressed. Get serious – about demanding change.

Juan Cole: How the GOP Libya Witch Hunt Made Us Close Our Mideast Embassies and Crippled U.S. Diplomacy

About those US embassy closures in the Middle East:  they make the US look like a wimp. [..]

As with George Mitchell and Northern Ireland, the most effective uses of American power have been diplomatic.  But hawks in Washington always want to drag us into foreign wars, in part to benefit their buddies in the arms industry.  The current GOP is divided on the issue of US power abroad, with Libertarians like Rand Paul viewing foreign wars as a waste of money and a fruitless enterprise, but hawks like John McCain and Lindsey Graham failing to discover a potential war that they don’t just love to death.

But the GOP is inadvertently pushing the US into a posture of dangerous diplomatic weakness.  This weakness is clear in the unprecedented closing of 21 US embassies in the Middle East this weekend because of a vague terrorist threat apparently emanating from “al-Qaeda in the Arabian Peninsula,” based in Yemen.

Jared Berstein: [Threatening to ‘Reform’ the Earned Income Tax Credit Threatening to ‘Reform’ the Earned Income Tax Credit]

Devoted readers know that I’m careful not to shoot everything that moves, but the more I hang around the DC tax debate, the more I’m exposed to deeply misguided thinking that seems largely motivated by the conviction that poor people — in this case, the working poor — have too much money and the wealthy have too little.

That’s the lesson from a report by the Tax Foundation on the “benefits” of getting rid of the Earned Income Tax Credit — a wage subsidy for low-income workers — and giving everybody else a tax break.

Jim Hightower: Forget Student Loans — Make Higher Ed Free

Well, finally! Hard-right congressional leaders and the Obama White House have agreed that interest rates on student loans should not double to nearly 7 percent, as they let happen early in July. Instead, college students will be billed at a rate that will steadily rise higher than 8 percent.

This is progress?

Temporarily, yes, because the new law drops this year’s rate to 3.8 percent. But, for the longer run, obviously not. Even capping the interest rate at 8.25 percent, as the White House demanded, is too high, for it still saddles students with a crushing debt of some $20,000 to $40,000 for a four-year degree, just as they’re getting started on their economic path.

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.

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Katrina vanden Heuvel: A Debt-Free College Education

Last Wednesday – almost a month after Congress failed to prevent student loan rates from doubling – Democrats and Republicans reached a compromise that will keep rates low, at least temporarily, for most graduates.

From a body with a record of procrastinating on student debt worse than students procrastinate on term papers, this was welcome news. But let’s not get ahead of ourselves. [..]

A stopgap reduction in loan rates won’t do anything to fix this. We need a whole new model for financing higher education.

Fortunately, though Washington remains perpetually paralyzed, some states are demonstrating refreshing creativity and determination in tackling this issue. Last month, the Oregon legislature passed a bill that paves the way for students to attend state and community colleges without having to pay tuition or take out traditional loans.

Alexis Baden-Mayer: Monsanto Hates Democracy

Monsanto hates democracy because democracy doesn’t work for Monsanto.

Nine out of 10 of us want to know where Monsanto’s been hiding the GMOs in our food and a most of us wouldn’t eat those GMOs if we knew where they were.

If everything in this country were decided democratically, most of the food we eat would be non-GMO and Monsanto would be driven out of business.

We don’t have a problem convincing people we’re right, we have a problem with our democracy when we can’t get the politicians to pass the laws that the majority of us want.

But no government, no matter how corrupted by corporate money, will be able to stop us when we get the nine out of 10 people who agree with us to take action with us. And that’s what’s starting to happen.

Ellen Brown: The Detroit ‘Bail-In’ Template: Fleecing Pensioners to Save the Banks

The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Cyprus, the depositors were “bailed in” (stripped of a major portion of their deposits) to re-capitalize the banks. In Detroit, it is the municipal workers who are being bailed in, stripped of a major portion of their pensions to save the banks. [..]

Interestingly, Lansing Mayor Virg Bernero, Snyder’s Democratic opponent in the last gubernatorial race, proposed a solution that could have avoided either robbing the pensioners or scaring off the bondholders: a state-owned bank. If the state or the city had its own bank, it would not need to borrow from Wall Street, worry about interest rate swaps, or be beholden to the bond vigilantes. It could borrow from its own bank, which would leverage the local government’s capital into credit, back that credit with the deposits created by the government’s own revenues, and return the interest to the government as a dividend, following the ground-breaking model of the state-owned Bank of North Dakota.

There are other steps that need to be taken, and soon, to prevent a cascade of municipal bankruptcies.  The super-priority of derivatives in bankruptcy needs to be repealed, and the protections of Glass Steagall need to be restored. While we are waiting on a very dilatory Congress, however, state and local governments might consider protecting themselves and their revenues by setting up their own banks.

Lisa Graves: Voices Rising Against Hedge Fund Millionaire Larry Summers to Head the Fed

Opposition is growing to the idea of President Obama naming Larry Summers to head the Federal Reserve. As William Greider wrote in The Nation, “Summers is a toxic retread from the old boys’ network and a nettlesome egotist who offended just about everyone during his previous tours in government. More to the point, Summers was a central player in the grave governing errors that led to the financial collapse and a ruined economy.”

Summers is so cocksure and callous he once suggested using “underpopulated countries in Africa” as toxic waste dumps. [..]

The last thing America needs right now is a Friedmanite at the helm of the Fed. Summers would bring more winter in the economy for ordinary Americans while his buddies on Wall Street would get more and more of America’s wealth to offshore.

Valerie Strauss: Five Absurdities about High-Stakes Standardized Tests

Barely a day goes by when the education world isn’t treated to some new story involving high-stakes standardized tests, the chief metric of “accountability systems” in the modern era of school reform.

It might be about how student test scores went up or down or all around; about how standardized tests were incorrectly scored by giant companies that make millions from testing contracts; that some questions on the test don’t make any sense; that the high stakes being attached to the results – which are being used to evaluate students, teachers, principals, schools, districts and states – have gone from being unfair to preposterous.

Sue Sturgis: The South’s Widening War on Abortion Rights

Date on which North Carolina Gov. Pat McCrory (R) signed into law a bill that requires the state’s abortion clinics to meet the same standards as ambulatory surgical centers, despite a campaign promise that he would not sign any legislation that further restricts abortion: 7/30/2013

Additional cost to build a clinic that meets ambulatory surgical center standards: $1 million

Number of bodyguards that accompanied McCrory the following day when he left the executive mansion and stepped into the street to deliver cookies to abortion rights advocates protesting outside, who returned them with a note that said, “We want women’s health care, not cookies”: 4

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”.

Follow us on Twitter @StarsHollowGzt

Peter Van Buren: Welcome to Post-Constitution America

What If Your Country Begins to Change and No One Notices?

On July 30, 1778, the Continental Congress created the first whistleblower protection law, stating “that it is the duty of all persons in the service of the United States to give the earliest information to Congress or other proper authority of any misconduct, frauds, or misdemeanors committed by any officers or persons in the service of these states.”

Two hundred thirty-five years later, on July 30, 2013, Bradley Manning was found guilty on 20 of the 22 charges for which he was prosecuted, specifically for “espionage” and for videos of war atrocities he released, but not for “aiding the enemy.”

Days after the verdict, with sentencing hearings in which Manning could receive 136 years of prison time ongoing, the pundits have had their say. The problem is that they missed the most chilling aspect of the Manning case: the way it ushered us, almost unnoticed, into post-Constitutional America.

Lance deHaven-Smith: As an American, I question the US travel alerts and embassy closures

We’ve seen this before where US presidents cite terrorism concerns in an effort to win back public opinion

It is unfortunate, but true that Americans cannot trust the statements of their leaders about threats to national security. Ironically, this is especially so when questions are being raised about the competence of the government or the legitimacy of its policies. The United States government has a long history of deflecting criticism by crying wolf, especially the terrorism kind of wolf. [..]

There are several reasons to wonder if this threat is being concocted – or at least exaggerated – for political purposes. One reason, of course, is the timing of the alert. Allegedly based on electronic eavesdropping, the alert comes in the midst of a national and international political firestorm over the continuing revelations of Edward Snowden about the electronic surveillance programs of the National Security Agency. Opposition to the NSA dragnet that is sweeping up data on millions of Americans’ emails, phone calls, and internet activities is snowballing in US public opinion and in Congress. The NSA programs have also become a major issue in the domestic politics of America’s allies.

Michael Boyle: President Obama’s disastrous counterterrorism legacy

A president who came into office pledging to take the ‘war on terror’ out of the shadows plunged it deeper into those shadows

When future historians look back on the presidency of Barack Obama, they will conclude that counterterrorism was the policy area with the biggest gap between the hopes of his supporters and reality of his actions in office. [..]

While Obama has had some important accomplishments, he has failed to deliver on a comprehensive counterterrorism policy that does not undermine American ideals. Although he ended the use of torture by US personnel, his administration has refused to seek accountability for those in the Bush administration that instituted this practice. Rendition of terrorist suspects to foreign countries has continued, with the US now only receiving unverifiable “assurances” that torture will not be used. Guantánamo Bay will remain a national disgrace for the foreseeable future. In the last few months, the US has even resorted to the grotesque spectacle of force-feeding its detainees to keep them alive during Ramadan.

John Nichols: Big Media Story Isn’t Bezos and the Post, It’s the RNC Threatening CNN, NBCn

So if the sale of the Post is not as dramatic a development as might initially seem to be the case, what is?

The big deal in media this week has to do with the relationship of broadcast and cable news networks to the two major political parties. And it matters-more-because it gets to question that is at the heart of all of our discussions about the future of print, broadcast and digital media: Will we have a sufficient journalism, and a sufficiently independent journalism, to sustain democracy?

Ever since the Democratic and Republican parties took over the nation’s presidential debates in 1987, with the creation of a corporate-funded “Commission on Presidential Debates” run by the former chairs of the Democratic National Committee and the Republican National Committee, the dialogue in presidential election years has been the ultimate insiders’ game.

Dean Baker: The Economy Is Awful and Larry Summers Should Not Be Fed Chair

In his recent defense of Larry Summers, President Obama appeared to be badly confused about the state of the economy. This apparently leads him to believe that the country should be grateful to Larry Summers for his successes, as opposed to furious at him for his failures.

Obama’s story is that the economy was in a free fall when he took office and the program that was in large part designed by Summers helped turn it around. While it is true that the economy was in free fall, there was no reason to expect that to continue regardless of what policies were pursued. Note that in every single wealthy country the sharp drop in output at the end of 2008 and the beginning of 2009 was stopped and reversed by the end of the year. Other countries were not able to rely on the genius of Larry Summers in setting their policies.

Robert Reich: The Three Biggest Lies About Why Corporate Taxes Should Be Lowered

nstead of spending August on the beach, corporate lobbyists are readying arguments for when Congress returns in September about why corporate taxes should be lowered.

But they’re lies. You need to know why so you can spread the truth. [..]

Corporations want corporate tax reduction to be the centerpiece of “tax reform” come the fall. The president has already signaled a willingness to sign on in return for more infrastructure investment. But the arguments for corporate tax reduction are specious.

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”.

Follow us on Twitter @StarsHollowGzt

Robert Kuttner: Obama, the Economy and the Movement

The latest figures on the economy make it all too clear that we are stuck in a feeble recovery that could go on for several years to come. Growth was only 1.4 percent in the first half of 2013, and the economy is still creating too few jobs to increase worker earnings, which actually declined in July. [..]

For three decades, this society has been dividing into haves and have-nots. Yet the struggles of ordinary people have been weirdly disconnected from our politics. Democrats express an economic populism when their backs are to the wall, but our Democratic presidents tend to get captured by economic elites.

Rebuilding the economy from the middle out is a start. Even better would be rebuilding it from the bottom up.

Paul Krugman: Republicans Against Reality

Last week House Republicans voted for the 40th time to repeal Obamacare. Like the previous 39 votes, this action will have no effect whatsoever. But it was a stand-in for what Republicans really want to do: repeal reality, and the laws of arithmetic in particular. The sad truth is that the modern G.O.P. is lost in fantasy, unable to participate in actual governing.

Just to be clear, I’m not talking about policy substance. I may believe that Republicans have their priorities all wrong, but that’s not the issue here. Instead, I’m talking about their apparent inability to accept very basic reality constraints, like the fact that you can’t cut overall spending without cutting spending on particular programs, or the fact that voting to repeal legislation doesn’t change the law when the other party controls the Senate and the White House.

Am I exaggerating? Consider what went down in Congress last week.

Robert Reich: Why Republicans Want Jobs to Stay Anemic

Job-growth is sputtering. So why, exactly, do regressive Republicans continue to say “no” to every idea for boosting it — even last week’s almost absurdly modest proposal by President Obama to combine corporate tax cuts with increased spending on roads and other public works?

It can’t be because Republicans don’t know what’s happening. The data are indisputable. July’s job growth of 162,000 jobs was the weakest in four months. The average workweek was the shortest in six months. The Bureau of Labor Statistics has also lowered its estimates of hiring during May and June.  [..]

The real answer, I think, is they and their patrons want unemployment to remain high and job-growth to sputter.

Richard (RJ) Eskow: Fighting the GOP’s Hateful Agenda – Without Hate

When is it fair to say that some political battles aren’t just disagreements over policy, but actually represent a struggle between ‘good’ and ‘evil’ points of view? And when, if ever, is it helpful to say so?

There are those on the Right who debase the currency of that four-letter word – “evil” – by using it against anyone who disagrees with them. But what word do you apply to people who deny food to hungry families, voting rights to minorities, or a chance for self-advancement to hard-working students from lower-income homes?

How do you fight the hateful without succumbing to hate?

David A. Love: The US civil war is playing out again – this time over voter rights

White southern Republicans enact voter ID laws because they don’t want Democrats to vote, particularly people of color

Nearly 150 years after the end of the US civil war, the South and the federal government are poised for a rematch over the voting rights of black Americans, and ultimately over the fundamental rights of all Americans. Once again, the former Confederate states are determined to defend their traditions and way of life, while the Union forces in the North – the federal government – are positioning themselves to defend justice and equality.

But this time, in an ironic twist, two black men – President Barack Obama and Attorney General Eric Holder – are leading the charge.

In the 1860s, the fight between the North and the South was about slavery and the right of the Confederate states to maintain a dreaded institution that kept people of African descent in bondage. Unprecedented carnage resulted.

Ralph Nader: Love, Corporate-Style

Mitt Romney famously said during his most recent bid for the presidency: “Corporations are people, my friend.” Perhaps nothing else better surmises the state of our country — even the state of our culture — than a prominent politician running for the presidency openly advancing such a flawed opinion. It is no secret that corporations now wield immense power in our elections, in our economy, and even in how we spend time with our friends and families. Corporate entities, in their massive, billion dollar efforts to advertise and “brand” themselves, not only want consumers to think of them as people, but even as “friends.” If a corporation could hit the campaign trail itself, one could imagine it uttering the phrase: “Corporations are friends, my people.”

I recently came across a full-page ad in the New York Times. The ad, which shows a tiny baby’s hand clutching the fingers of an adult hand, is captioned with the words: “Love is the most powerful thing on the planet.” It goes on to read: “For all the things in your life that make life worth living — Johnson and Johnson, for all you love.” Notably, this is Johnson and Johnson’s first “corporate branding” campaign in over a decade.

This poses an interesting question. What exactly is corporate love? Love is a very human emotion — but, coming from a business conglomerate whose over-riding goal is bigger profits — this message rings hollow.

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”.

Follow us on Twitter @StarsHollowGzt

The Sunday Talking Heads:

Up with Steve Kornacki: Joining Steve Kornacki at the table will be:

Fmr. Rep. and congressional candidate Marjorie Margolies (D-PA); Kurtis Lee, political reporter, Denver Post; Dave Weigel, political reporter, Slate.com, msnbc contributor; Mark Glaze, director, Mayors Against Illegal Guns; Jared Bernstein, msnbc contributor, Sr. Fellow, Center on Budget & Policy Priorities; Avik Roy, senior fellow, The Manhattan Institute, contributor, The National Review; and Jim Demers, former co-chair, Obama 2008 Campaign

This Week with George Stephanopolis: This Sunday’s guests are: Chairman of the Joint Chiefs of Staff Gen. martin Dempsey; House Intelligence Committee Ranking Member Rep. Dutch Ruppersberger (D-MD); Rep. Peter King (R-NY); and Guardian columnist Glenn Greenwald.

The political roundtable guests are:  ABC News’ George Will; ABC News Political Analyst and Special Correspondent Matthew Dowd; ABC News Senior Washington Correspondent Jeff Zeleny; Starfish Media Group CEO Soledad O’Brien; Center for American Progress President Neera Tanden former Homeland Security Secretary Michael Chertoff; and Bloomberg View columnist Jeffrey Goldberg.

Face the Nation with Bob Schieffer: Mr. Schieffer’s guests are: Sen. Chuck Schumer (D-NY) and Rep. Paul Ryan (R-WI). No other information available at this time.

Meet the Press with David Gregory: Guest on this week’s MTP are: Assistant Democratic Leader Sen. Dick Durbin (D-IL) and Vice-Chair of the Senate Intelligence Committee Sen. Saxby Chambliss (R-GA); former Republican New York City mayor Rudy Giuliani; Bob Costas of NBC Sports; host of MSNBC’s “Morning Joe,” Joe Scarborough;former Republican Presidential Candidate Rick Santorum; managing editor of TheGrio.com, Joy Ann Reid; and NBC News Chief Foreign Affairs Correspondent Andrea Mitchell.

State of the Union with Candy Crowley: Ms. Crowley’s guests are Sen. Lindsey Graham (R-SC); and Rep. Steve Israel (D-NY).

Joining her for a panel discussion are Anita Dunn, Artur Davis, Donna Brazile, and Alex Castellanos.

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