Tag: Opinion

The media’s ‘bad apple’ thesis no longer works. We’re seeing systemic corruption in banking – and systemic collusion

Last fall, I argued that the violent reaction to Occupy and other protests around the world had to do with the 1%ers’ fear of the rank and file exposing massive fraud if they ever managed get their hands on the books. At that time, I had no evidence of this motivation beyond the fact that financial system reform and increased transparency were at the top of many protesters’ list of demands.

But this week presents a sick-making trove of new data that abundantly fills in this hypothesis and confirms this picture. The notion that the entire global financial system is riddled with systemic fraud – and that key players in the gatekeeper roles, both in finance and in government, including regulatory bodies, know it and choose to quietly sustain this reality – is one that would have only recently seemed like the frenzied hypothesis of tinhat-wearers, but this week’s headlines make such a conclusion, sadly, inevitable.

Robert Kuttner: An Eminently Bad Idea

You may have noticed news items that a company called Mortgage Resolution Partners (MRP) is proposing to have strapped localities use the public power of eminent domain to deal with the problem of underwater mortgages.

Officials of San Bernardino County, California, where one home in two is worth less than the value of the mortgage on it, are very interested in the idea. (San Bernardino has just voted to file for bankruptcy). The New York Times’ Joe Nocera wrote a favorable column on the proposal, calling it the “last chance” to resolve the mortgage mess. [..]

But if using eminent domain as a way to address crisis in underwater mortgages is a promising idea, this particular scheme is not. For starters, MRP, a for-profit company, is not proposing to acquire vacant homes or even homes where residents have stopped paying on their mortgages. It wants localities to use eminent domain so that it can acquire performing mortgages.

Tom Engelhardt: Who Decided? How Did the U.S. Military Get Into Africa

Here’s an odd question: Is it possible that the U.S. military is present in more countries and more places now than at the height of the Cold War?

It’s true that the U.S. is reducing its forces and giant bases in Europe and that its troops are out of Iraq (except for that huge, militarized embassy in Baghdad).  On the other hand, there’s that massive ground, air, and naval build-up in the Persian Gulf, the Obama administration’s widely publicized “pivot” to Asia (including troops and ships), those new drone bases in the eastern Indian Ocean region, some movement back into Latin America (including a new base in Chile), and don’t forget Africa, where less than a decade ago, the U.S. had almost no military presence at all.  Now, as Nick Turse writes in “Obama’s Scramble for Africa,” U.S. special operations forces, regular troops, private contractors, and drones are spreading across the continent with remarkable (if little noticed) rapidity.

If only. If only Brian Moynihan designed fashionable shoes, Jamie Dimon pitched a mean slider, and Lloyd Blankfein had written the song “Boyfriend” for Justin Bieber. Then they’d prosecute bank fraud.

The Justice Department used as many people to investigate one baseball player as it’s doing to pursuing Wall Street housing fraud. It has coordinated fifteen federal agencies to seize counterfeit goods worth $178 million, yet all but ignored a bankers’ crime wave which cost the global economy trillions.

Our largest (and, lest we forget, taxpayer-rescued) banks have already paid tens of billions of dollars to settle civil and criminal charges — and now there’s LIBOR. Yet there have been no arrests for a well-documented litany of charges which includes bribery, perjury, forgery, investor fraud, consumer fraud, and money-laundering for Mexican drug cartels.

Robert Reich: The Selling of American Democracy: The Perfect Storm

Who’s buying our democracy? Wall Street financiers, the Koch brothers, and casino magnates Sheldon Adelson and Steve Wynn.

And they’re doing much of it in secret.

It’s a perfect storm:

The greatest concentration of wealth in more than a century — courtesy “trickle-down” economics, Reagan and Bush tax cuts, and the demise of organized labor.

Combined with…

Unlimited political contributions — courtesy of Republican-appointed Justices Roberts, Scalia, Alito, Thomas, and Kennedy, in one of the dumbest decisions in Supreme Court history, Citizens United vs. Federal Election Commission, along with lower-court rulings that have expanded it.

Combined with…

Roger Brabury: A World Without Coral Reefs

IT’S past time to tell the truth about the state of the world’s coral reefs, the nurseries of tropical coastal fish stocks. They have become zombie ecosystems, neither dead nor truly alive in any functional sense, and on a trajectory to collapse within a human generation. There will be remnants here and there, but the global coral reef ecosystem – with its storehouse of biodiversity and fisheries supporting millions of the world’s poor – will cease to be.

Overfishing, ocean acidification and pollution are pushing coral reefs into oblivion. Each of those forces alone is fully capable of causing the global collapse of coral reefs; together, they assure it. The scientific evidence for this is compelling and unequivocal, but there seems to be a collective reluctance to accept the logical conclusion – that there is no hope of saving the global coral reef ecosystem.

Doug Glanville: I Am What I Throw

Every year, my family honors my father with a scholarship given out in his memory to the best students from a church in my hometown, Teaneck, N.J. I always think about what to say to these young student-recipients, and it turns out the best inspiration comes from my dad’s own words. One of my favorite lines of his was “How you do one thing is how you do everything.” And that line now makes me think of the Mets pitcher R.A. Dickey.

Despite growing debt and deficits, we are not on the road to Greece. With investors around the world rushing to purchase U.S. Treasury bonds and driving rates to historic lows, this country is far from the plight of the homeland of democracy. For now, it is safe to ignore right-wing rhetoric that shrieks the fiscal sky is falling.

But if such troubles lie ahead, the real cause will not be spending on income security, health care, infrastructure, education or any of the other programs that have made America a great nation. If we are driven toward national bankruptcy someday, the likeliest cause will be our failure to raise and enforce taxes on those who can afford to pay-because we, too, have encouraged a culture of evasion rather than responsibility.

Bill Moyers and Michael Winship: Banksters Take Us to the Brink

Every day brings more reminders of the terrible unfairness that besets our country, the tragic reversal of fortune experienced by millions who once had good lives and steady jobs, now gone.

An article in the current issue of Rolling Stone chronicles “The Fallen: TheSharp, Sudden Decline of America’s Middle Class” and describes a handful of middle class men and women made homeless, forced to live out of their cars in church parking lots in Southern California.

One of them, Janis Adkins, drove a van filled with her belongings to Santa Barbara, where she panhandled at an intersection with a sign reading, “I’d Rather Be Working – Hire Me If You Have a Job.” Once upon a time she had a successful plant nursery business in Utah that annually grossed $300,000. But two years after the nation’s financial meltdown her sales had dropped by fifty percent and the value of her land plunged even more. She tried to refinance but four banks turned her down flat. “Everyone was talking about bailouts,” Adkins told reporter Jeff Tietz. “I said, ‘I’m not asking for a bailout, I’m asking you to work with me.’ They look at you, no expression on their faces, saying, ‘There’s nothing we can do.'”

“Nothing we can do.” And yet it was banks like these who helped get people like Janis Adkins into such desperate jams in the first place. When faced with their own financial catastrophes, all those big-time bankers came running to the government and taxpayers for those aforementioned bailouts worth hundreds of billions of dollars, then scooped up big bonuses and perks for themselves, and went back to business as usual.

Nick Turse: America’s Shadow Wars in Africa

Secret Wars, Secret Bases, and the Pentagon’s “New Spice Route” in Africa

They call it the New Spice Route, an homage to the medieval trade network that connected Europe, Africa, and Asia, even if today’s “spice road” has nothing to do with cinnamon, cloves, or silks.  Instead, it’s a superpower’s superhighway, on which trucks and ships shuttle fuel, food, and military equipment through a growing maritime and ground transportation infrastructure to a network of supply depots, tiny camps, and airfields meant to service a fast-growing U.S. military presence in Africa.

Few in the U.S. know about this superhighway, or about the dozens of training missions and joint military exercises being carried out in nations that most Americans couldn’t locate on a map.  Even fewer have any idea that military officials are invoking the names of Marco Polo and the Queen of Sheba as they build a bigger military footprint in Africa.  It’s all happening in the shadows of what in a previous imperial age was known as “the Dark Continent.”

Robin Welss: Mitt Romney’s Offer of Government of Billionaires, for Billionaires, by Billionaires

“Too much money” sounds like an oxymoron, especially when applied to American politics. But in the last week, Republicans are beginning to learn that lots of money can have its downside. Thursday’s story that Romney may have actively directed Bain Capital three years longer than he claimed – a period in which Bain Capital-managed companies experienced bankruptcies and layoffs – caps what must be the worst weekly news cycle of any modern American presidential candidate. From images of corporate raiding, to luxury speedboats, to offshore accounts in the Cayman Islands, to mega-mansions in the Hamptons, this week’s stories suggest that the candidacy of Mitt Romney – poster-boy for the symbiotic relationship between big money and the modern Republican party – is in serious trouble.

Last weekend’s photos of the Romney clan on a luxury speedboat cruising around a lake in New Hampshire, where their multimillion-dollar compound sits, were startling in their tone-deafness. And just to make sure the sentiment wasn’t lost on anyone, at a campaign event the same week, Obama recounted childhood memories of touring the US with his grandmother by Greyhound bus, even the thrill of staying at a Howard Johnson motel. In a smart political calculation, the Obamas chose to forgo their annual summer vacation in Cape Cod (a nice upper-middle class vacation spot, mind you, but nowhere near the same league as the Romney estate). Instead, Obama was photographed visiting a senior citizens’ home in the battleground state of Ohio. [..]

Taking the hint, the Obama administration is finally positioning itself on the firmly on the side of progressives, attacking income inequality and holding Republicans accountable for their assaults on the middle and working classes. How ironic it would be if, after all, the other side’s big money is the answer to the Democrats’ prayers.

Well, here we are, slouching toward another national garage sale in which corporations bid on and buy candidates the way futures traders bid on commodities – or as our founders used to call it: an election.

As we go to the polls, it might be wise to remember the song Sixteen Tons. {..]

It is a song about the truck system, and debt bondage.  Under this economic model, workers lived in houses owned by the company, shopped in stores owned by the company, and got paid in scrip minted by the company.  And no matter how hard they worked, they remained indebted to the company. [..]

Thanks to thirty years of Republican policies and Democratic complicity, we’re in the process of reopening the company store, only as with all things 21st Century, it’s a national chain.

Today, we shop with credit cards owned by “the company,” live in houses financed by “the company” – often owing more than the value of the home – and get our news and information from sources controlled by “the company.”  In short, the company store is back in business.

Paul Krugman: For Europe’s Leaders, the Solution Remains Elusive

The European Union summit in June was clearly an upside surprise: in effect, the Latin bloc forced German Chancellor Angela Merkel to bend, at least slightly. But was it good enough?

In an online article for Vox, the economist Charles Wyplosz argued, sensibly, that it was nowhere close. “At the end of the day, the summit was a little move in the right direction on bank supervision, but keep watching; we still don’t know what will actually be put in place,” he wrote on June 30. “There was nothing on collapsing Greece, nothing on unsustainable public debts in several countries, and no end in sight to recession in an increasing number of countries.”

Jim Hightower: Agribusiness Genetically Tampering With Our Food

Some people are too smart for your own good.

Food geneticists, for example. These technicians have the smarts to tinker with the inner workings of Momma Nature’s own good foods – but not the smarts to leave well enough alone.

In fairness, much of their scientific tinkering has been beneficial. But during the past half-century, too much of their work devolved from tinkering into outright tampering with our food. This is mostly the result of money flowing to both private and public centers from big agribusiness corporations that want nature’s design altered in ways that fatten their bottom lines. Never mind that the alterations created by these smart people are frequently not good for you and me.

Bill Boyarsky: Job by Job

[..] Progress is measured in what amounts to inches-a job gained or a small plant coming to town. A manufacturer of campers for heavy trucks keeping up with trends by producing travel trailers light enough to be towed by small SUVs is a move that could save and even add jobs, but it’s not a story hot enough for cable TV and that medium’s obsession with the latest political chatter. Yet these small stories give a more realistic look at the difficulty of dropping the national unemployment rate below its present 8.2 percent. [..]

But the game won’t be changed for most of the country unless the federal government does much more. When Franklin D. Roosevelt pulled back from pump-priming measures in 1937, recovery from the Depression stopped, only to revive with preparations for World War II.

Mitt Romney and the rest of the Republicans oppose such federal intervention. Their program is simple: Cut taxes for the rich and wipe out most regulation of business.

As history shows, that doesn’t work. Whether it is the City Council in conservative Lancaster providing roads for the new Morton Manufacturing plant or the federal government building bridges, highways and rail lines across the United States, unemployment won’t be reduced without help from the government, no matter how distasteful that idea is to the Republicans.

Mitt Romney escaped the record heat this weekend by attending several parties in his honor in the Hamptons. Early predictions were that one afternoon in this elite enclave would net the candidate more than $3 million for his campaign.

Less than 200 miles away in Philadelphia, where the median income hovers at $36,000 and a quarter of the city lives below the poverty line, there were no beach parties, but some disturbing news. The Philadelphia Inquirer reported that state election officials upped the number of statewide voters potentially affected by the new voter ID laws from the 90,000 that Governor Corbett claimed to 758,000. A full 9.2 percent of the state’s eligible voters could be turned away from the polls in November, despite being eligible. In Philadelphia, where over half of the city’s residents are people of color, 18 percent of registered voters lack proper ID under the state’s new laws-laws that Pennsylvania House leader Mike Turzai claimed will deliver the state to Romney in November.

These twin anecdotes seem to perfectly capture the GOP 2012 plan for victory: “voters out, money in.” Despite the massive capital advantage the Republicans have accrued, they’re still driving a strategy of disenfranchisement and destruction that imperils our democracy and seeds distrust among a populace already experiencing record lows of confidence in their elected leadership.

Bryce Covert: To Achieve Work-Family Balance, Americans Have to Work Less

It seems the summer heat is making us think about how to escape work. Tim Kreider’s New York Times op-ed on our overly busy lives made a huge splash, while Mitt Romney himself came out (sort of) for vacations for all. Meanwhile, the controversy continues to swirl over Anne-Marie Slaughter’s article about why women “can’t have it all,” meaning that they still struggle to balance family and career. What do these topics have to do with each other? Everything. If we truly want improved work-family balance for American families-mothers and fathers alike-then we have to address the fact that Americans are overworked. We have to work less. Period. [..]

If Americans want the time for both families and successful careers, we have to demand policies that will allow us to work less. Women have taken the workforce by storm over the past half-century, entering it in droves. That means that many families now have two parents in the workforce, disrupting the Leave It to Beaver family structure in which one parent (i.e., Dad) goes to work to make money and one parent (Mother Dearest) stays home to tend to the house and raise the children. According to the Center for American Progress, today less than a third of all children have a stay-at-home parent, while over half did less than thirty years ago. In fact, nearly half of all families with children have two working parents.

Madeleine Kunin: Why Families Can’t “Have It All”

Anne-Marie Slaughter, the first woman director of Policy Planning in the State Department, sent Internet sparks flying when her recent Atlantic cover story told women that, yes, she’d tried to have it all-an elite career and a happy family-but, she couldn’t do it. And, she told readers, neither can any other woman. In the midst of the ensuing firestorm, a simple reality emerged: men can’t have it all, either. The solution to work-life balance lies not in the battle of the sexes, but in the policy fixes that have stalled for decades in the United States while we have watched the rest of the world, including developing countries, pass us in the race to make life better for working families.

That’s a race that Americans seem to be largely unaware of, despite its importance. The personal story Slaughter conveyed was unusual. Not every woman works in Washington while her family lives in Princeton, or has to pull all-nighters on her office couch while worrying about her teenage son. Yet the tug of war between work and family-that never-ending balancing act that all families attempt to perfect-is far from unusual. Instead of concluding that we have to reject the women’s movement’s promise that women could “have it all,” it’s time to acknowledge that many of the same limitations hold true for men. Getting home in time to read a bedtime story and kissing the kids goodnight is becoming important for fathers, as well as mothers.

Leslie Savan: By Dumping on Mitt, Is the GOP Making a Steal Plausible?

It’s actually good, from a Republican point of view, that party powers like Rupert Murdoch, his Wall Street Journal and Bill Kristol are piling on Mitt Romney as a lousy candidate now, in July. And not just because it gives Romney a chance to shake up his campaign and satisfy his overlords’ demands over the summer. (He’s already begun.) But by squeezing him through the Adjustment Bureau now, the top GOPers can, by November, sing another tune: Romney is a plausible candidate, he can beat Obama. That way, if he “wins” with the help of massive voter suppression, it won’t seem so much like they’ve stolen the election.

I’m not saying Romney can’t win fair and square; sure, he could, especially if the economy spirals downward. But the Republicans won’t risk giving fair-and-square a chance. This is playing out most nakedly in Pennsylvania, where Obama is up over Romney by a Real Clear Politics average of eight points. No problem, says state House majority leader Mike Turzai. In tallying up the party’s achievements last month, he brayed, “Voter ID, which is gonna allow Governor Romney to win the state of Pennsylvania, done.”

Spare us any more hooey about “preventing fraud” and “protecting the integrity of the ballot box.” The Republican-led crusade for voter ID laws is revealed as a cynical ploy to disenfranchise as many likely Democratic voters as possible, with poor people and minorities the main targets.

Recent developments in Pennsylvania-one of more than a dozen states where voting rights are under siege-should be enough to erase any lingering doubt: The GOP is trying to pull off an unconscionable crime.

Late last month, the majority leader of the Pennsylvania House of Representatives, Mike Turzai, was addressing a meeting of the Republican State Committee. He must have felt at ease among friends because he spoke a bit too frankly.

Ticking off a list of recent accomplishments by the GOP-controlled Legislature, he mentioned the new law forcing voters to show a photo ID at the polls. Said Turzai, with more than a hint of triumph: “Voter ID, which is going to allow Governor Romney to win the state of Pennsylvania-done.”

Katrina vanden Heuvel: Krugman’s Manifesto for Economic Common Sense

Paul Krugman sounds frustrated. “You tend to think,” he told last month’s Netroots Nation conference, “that people who are demanding that we solve this [depression] quickly must be crazy idealists who are defying the wisdom of economic knowledge. But it’s actually the other way around. It’s actually the people in charge, who are refusing to end this thing quickly, who are ignoring the lessons of history and rejecting economic knowledge.”

Krugman’s consternation is easy to understand. While mainstream reporters rank gaffes and mainstream politicians demagogue the deficit, hard realities loom, against which elite discourse seems almost innocent. A rolling world economic crisis could easily lead to a Second Great Depression. The ongoing decline of middle-class wealth and income is steadily transforming the United States. The euro project and the European social welfare state both face collapse. Disorder spreads in the Middle East. China’s high-savings economic model breeds twin political and economic crises that could shake geo-economics for decades. And the thirty-year build-up of private-public debt in the Western world will require extraordinary measures to keep it from bringing down the global economy.

Amanda Marcotte: Why Attacks on Contraception Meet Success in Such a Pro-Contraception Culture

Another month in the ramped-up war on women, and another unfortunately successful attack on women’s access to contraception. The story of the North Carolina legislature defunding Planned Parenthood is remarkable mainly for the doggedness of the anti-choice faction, from the fact that it had to be done with an override of the governor’s veto to the fact that it was done late at night before a holiday. Never let it be said that North Carolina conservatives don’t take keeping affordable birth control out of the hands of women very seriously.

Occasions like this tend to cause pro-choicers not just to be sad about the setback, but also to despair of every gaining any ground. We live in a society where 95 percent of Americans have sex without being married first, contraceptive use is functionally universal, mainstream media largely portrays sex as an ordinary life (which it is), and formerly marginalized sexual identities are becoming more socially acceptable by the minute. You would think in such an environment, the gap between how we actually live and the sexual lives conservatives demand of us — sexual lives that are practiced by a vanishingly small  minority, so small that very few of the conservatives pushing this image actually live it –would be enough to overcome their efforts at slashing reproductive health care access. Attempts to force people to embrace abstinence or face very serious consequences should, logically, be seen as just as ridiculous as attempts to force people to abstain from going outside when the weather is nice or going to the movies.

Dave Zirin: Serena Williams and Getting ‘Emotional’ for Title IX

After Serena Williams won her fifth Wimbledon title in stunning fashion on Saturday, she was asked a familiar question on the tournament’s storied Centre Court. It’s a question that seems to be posited to every female athlete at every level of competition: “Was it difficult for you to control your emotions?”

It’s true that men are sometimes asked the “emotions” question but this is a question women athletes are always asked. It speaks to a broader sentiment that both predates and transcends the playing field: the idea that women are just too emotional, too hysterical, too mercurial, to be taken seriously in any walk of life. This runs so deeply in the marrow of US society, we rarely – unless male politicians are lobbying for involuntary vaginal ultrasounds – step back and comment on just how destructive it is.

The guilty verdicts in two major child sex abuse cases, and the e-mails revealing the extent of the cover-up in one of the cases, the Penn State nightmare, could be more than just examples of justice delivered – if they provide impetus for new accountability and deterrence. [..]

Children who are sexually abused can take many years to speak about their ordeals, if they ever do. Much of the evidence for the cover-up in the Lynn case came from victims barred from bringing criminal charges or civil claims under the applicable statute of limitations.

Existing laws need to be recalibrated to make them more protective of children and less protective of adults who prey on them. In New York, Gov. Andrew Cuomo and state legislative leaders have failed to heed rising calls for such reforms. But some other jurisdictions are beginning to take action.

Robert Reich: The Wall Street Scandal of All Scandals

Just when you thought Wall Street couldn’t sink any lower — when its myriad abuses of public trust have already spread a miasma of cynicism over the entire economic system, giving birth to Tea Partiers and Occupiers and all manner of conspiracy theories; when its excesses have already wrought havoc with the lives of millions of Americans, causing taxpayers to shell out billions (of which only a portion has been repaid) even as its top executives are back to making more money than ever; when its vast political power (via campaign contributions) has already eviscerated much of the Dodd-Frank law that was supposed to rein it in, including the so-called “Volcker” Rule that was sold as a milder version of the old Glass-Steagall Act that used to separate investment from commercial banking — yes, just when you thought the Street had hit bottom, an even deeper level of public-be-damned greed and corruption is revealed.

Sit down and hold on to your chair.

Joe Conason: Defining American Exceptionalism

The Fourth of July is the birthday of American exceptionalism-originally, the idea cherished by the nation’s Revolutionary Founders that the practice of liberty, equality and democracy in these United States would kindle hope in a world downtrodden by every form of despotism, hierarchy and oppression.

Independence Day marked the determination of a new and diverse people to throw off the old yoke of hereditary rule, with all its attendant traditions of social and economic stratification. The Founders believed that America would inspire other nations as an ally and friend, rather than dominate them by force of arms or money. They did not regard their weak new republic as intrinsically superior or chosen by God to rule the world-but argued instead that the ideals of popular sovereignty and constitutional freedom represented the natural rights and the future of humanity everywhere.

Robert Parry: The Silence on Global Warming

Harrowing predictions of climate scientists are coming true, as glaciers melt, forests burn, heat waves proliferate and freakish weather strikes in unexpected places. But the propagandists of global-warming denial have succeeded in silencing most politicians and the mainstream press

Something called a “derecho” – a fast-moving line of thunderstorms – strikes the Washington area knocking out power for days. Massive forest fires ravage Colorado. A record heat wave covers much of the country. The U.S. press treats these events as major stories, but two words are rarely mentioned: “global warming.”

What has become most striking about the growing evidence that climate change is a clear and present danger – indeed an emerging existential threat – is the simultaneous failure of the U.S. news media to deal seriously with the issue, another sign of how the Right can intimidate the mainstream into going silent.

We have seen this pattern before, as the Right sets the media agenda by bullying those who threaten its ideological interests. Before the Iraq War, anyone who dared raise questions about the Bush administration’s justifications could expect to be marginalized or worse. Just ask Phil Donahue, Scott Ritter and the Dixie Chicks.

Recently my friend and colleague Bill Scher challenged progressive critics of President Obama’s conciliatory approach toward corporations with a New York Times op-ed entitled “How Liberals Win.” Far from being “business as usual,” Bill writes, “the Supreme Court’s upholding of Mr. Obama’s health care law reminds us that the president’s approach has achieved significant results.” [..]

Sorry, Bill. I’m with those who have concluded that the Obama White House has failed, both pragmatically and politically, on a number of key progressive issues. In my view, believing otherwise requires an almost ahistorical view of liberalism. We can’t preemptively limit the definition of “liberal victory” to whatever corporate interests will allow.

Wherever the truth lies, the road ahead is clear: We can’t allow the radical right to take power this year. But we need to fight for results, not politicians, by building a mobilized and truly independent citizens’ movement.

Mark Weisbrot: Federal Government Can Restore Full Employment. If Only it Wanted to Do So

Three years after our worst recession since the Great Depression officially ended, the U.S. economy is still very weak.  The people most hurt by this weakness are the unemployed and the poor, and of course the two problems are related. We have about 23 million people who are unemployed, involuntarily working part-time, or have given up looking for work — nearly 15 percent of the labor force.  And poverty has reached 15.1 percent of the population;  amazingly, a level that it was at in the mid-1960s.

The first priority of the U.S. government should therefore be restoring full employment.  This is a relatively easy thing to do.  As Nobel laureate economist Paul Krugman aptly put it: “It’s like having a dead battery in a car, and while there may be a lot wrong with the car, you can get the car going remarkably easily, if you’re willing to accept that’s what the problem really is.”

Most economists are well aware what the problem really is, since it is so simple and basic.  The economy lost about $1.3 trillion in private annual spending when the real estate bubble burst in 2007, and much of that has not recovered. State and local governments continue to tighten their budgets and lay off workers.  If the federal government had simply funded these governments’ shortfalls, we would have another two million jobs today.

Ruslan Pukhov: Why Russia Is Backing Syria

MANY in the West believe that Russia’s support for Syria stems from Moscow’s desire to profit from selling arms to Bashar al-Assad’s government and maintain its naval facility at the Syrian port of Tartus. But these speculations are superficial and misguided. The real reason that Russia is resisting strong international action against the Assad regime is that it fears the spread of Islamic radicalism and the erosion of its superpower status in a world where Western nations are increasingly undertaking unilateral military interventions. [..]

To people in Moscow, Mr. Assad appears not so much as “a bad dictator” but as a secular leader struggling with an uprising of Islamist barbarians. The active support from Saudi Arabia, Qatar and Turkey’s Islamist government for rebels in Syria only heightens suspicions in Russia about the Islamist nature of the current opposition in Syria and rebels throughout the Middle East.

Finally, Russians are angry about the West’s propensity for unilateral interventionism – not to mention the blatantly broad interpretation of the resolutions adopted by the United Nations Security Council and the direct violations of those resolutions in Libya.