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”.

Joan Walsh and Rebecca Traister: Susan G. Komen’s priceless gift

A radical decision woke the country up to an alarming rightward drift, and gave new life to women’s health advocacy

The startling intensity that we saw this week in response to Susan G. Komen for the Cure’s decision to pull its grants from Planned Parenthood – an intensity that prompted the Komen foundation to reverse its decision today – may be the best thing that’s happened to the conversation about reproductive rights in this country for decades. It certainly should be.

Practically since Roe v. Wade was decided in 1973, reproductive rights activists have been left to play stilted defense against ideological opponents who grabbed the language of morality, life, love and family as their own, always deploying it with reference to the fetus. The rhetoric around reproductive rights, which has more recently begun to creep into arguments over contraception, has become suffocating in its emotional self-righteousness, but too muscular, too ubiquitous to effectively combat.

But the overreach by the Komen foundation, while surely intended to strike yet another blow on the side of antiabortion activism, succeeded instead in waking a powerful constituency – armed with precisely the language and emotional heft they’ve been lacking for too long.

George Zornick: Schneiderman Goes After Banks for Foreclosure Fraud

New York Attorney General Eric Schneiderman filed a major lawsuit today against three major too-big-to-fail banks, charging them with rampant foreclosure fraud in the wake of the housing crisis. It’s a crucially important lawsuit in its own right, but also raises major questions about the nature of the supposedly looming federal and state settlement with these same banks.

Schneiderman is acting here as New York attorney general-not as co-chair of the new federal task force on the financial crisis. That effort aims to uncover wrongdoing before the crash-or, “the stuff that blew up the economy,” as he put it last week.

This is different. Schneiderman, on behalf of New York State, is accusing Bank of America, JPMorgan Chase, and Wells Fargo of serious and wide-ranging abuses with foreclosures-of improperly foreclosing on homes they didn’t have the correct ownership of or paperwork for. Specifically, Schneiderman is targeting the Mortgage Electronic Registry System (MERS), which he also names in the lawsuit. MERS is a private, national database of foreclosures created by the banks and used widely for taking people’s homes-but since it wasn’t public and run by the financial institutions that stood to gain from rapid foreclosures, there were (shockingly!) a lot of errors and improper filings.

Gail Collins: The Politics of Absolutely Everything

This week we had a huge political fight about breast cancer. Clearly, we have now hit the point where there’s nothing that can’t be divided into red-state-blue-state.

Nothing. The other day I saw a blog called “I Dig My Garden” that had a forum on whether Republicans could truly love gardening. And there was a little dust-up in Albany over politicization of a local pet blog, which had featured a discussion on Mitt Romney’s driving to Canada with the family dog strapped to the roof of the car.

But breast cancer would seem like the last thing to go. Everybody hates cancer and everybody likes breasts – infants, adults, women, men. Really, it’s America’s most popular body part.

Russ Baker: Close Reading: The Saudis, a Twitter Investment, and the End of Arab Spring?

Is Twitter (a) a leading vehicle for freedom movements, or (b) primed to control and shut down open discourse throughout the world?

This question emerged recently when we learned that the global messaging service was planning to abide by the rules of each country in terms of content it carries. Here’s New York Times:

   This week, in a sort of coming-of-age moment, Twitter announced that upon request, it would block certain messages in countries where they were deemed illegal. The move immediately prompted outcry, argument and even calls for a boycott from some users.

Twitter said it would also “give ourselves the ability to reactively withhold content from users in a specific country – while keeping it available in the rest of the world.””

Now, you may be one of those people who very proudly have not incorporated Twitter into your life, but this development is still of enormous relevance to you and your world. Why? Simply because Twitter, with its declared 175 million registered users (many of whom, it must be said, are inactive) has become one of the most powerful forces in communication today, arguably more relevant to more people than even traditional heavyweights like The New York Times, CNN, and the BBC.

Laura Flanders: The Deal That Saved Detroit (and Banned Strikes)

President Obama is, as AP puts it, “wearing his decision to rescue General Motors and Chrysler three years ago as a badge of honor” on his re-election campaign. It saved jobs and working communities, brought the US auto industry back from the brink. In January, US auto sales were up 11 percent over a year ago, and a proud president was cooing to the college students of Ann Arbor, Michigan:

“The American auto industry was on the verge of collapse and some politicians were willing to let it just die. We said no…. We believe in the workers of this state.”

You’re going to be hearing a lot about the deal that saved Detroit in the next few months, not least because likely opponent Mitt Romney was against it. Then Governor Romney wrote in the fall of 2008 that if the big three auto companies received a bailout, “we can kiss the American auto industry goodbye.” Romney bad; Obama good; Big Three back. The Deal with Detroit is gold dust for Democrats. Reality is a bit more complicated.

For one thing, it was Republican President Bush, not the Democrats’ Barack Obama, who originally decided not to stand by as the auto makers died. The deal saved an industry-US cars are still being made in the US-but it came at such a high price that in many ways it’s a whole new industry. The American auto industry that built middle-class lives as well as cars-that one we kissed good-bye, and it may be a while before we see it back again.

Jeff Biggers: If We Can Stop the Keystone Pipeline, We Can Stop Mountaintop Removal. Right?

One of the most heartening moments of solidarity in the Tar Sands Action movement took place last summer: A contingent of Appalachian coalfield residents, whose homes are literally under siege from daily blasting and stripmining fallout, took their place at a White House sit-in and went to jail in an appeal to President Obama to deny the TransCanada Keystone pipeline permit.

For the Appalachian residents, like many citizens on the dirty energy frontlines, the pipeline decision served as a litmus test for the Obama administration’s commitment to dealing with climate change and a clean energy future.

Eastern Kentucky activist Teri Blanton, who lost her brother to a coal mining accident and has witnessed the destruction of her native Harlan County from stripmining over the past decades, invoked the words of Dr. Martin Luther King Jr.:

  Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly. Never again can we afford to live with the narrow, provincial “outside agitator” idea. Anyone who lives inside the United States can never be considered an outsider anywhere within its bounds.

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

New York Times Editorial: A Painful Betrayal

With its roster of corporate sponsors and the pink ribbons that lend a halo to almost any kind of product you can think of, the Susan G. Komen for the Cure foundation has a longstanding reputation as a staunch protector of women’s health. That reputation suffered a grievous, perhaps mortal, wound this week from the news that Komen, the world’s largest breast cancer organization, decided to betray that mission. It threw itself into the middle of one of America’s nastiest political battles, on the side of hard-right forces working to demonize Planned Parenthood and undermine women’s health and freedom. [..]

In addition to harming women, the foundation has also tarnished, perhaps permanently, its brand, symbolized by the pink ribbon that adorns yogurt cups and running shoes and tote bags and Federal Premium Ammunition’s pink shotgun shells. Companies like Ford Motor, Dell and Yoplait may not find the same value in identifying themselves with the foundation after its sharp departure from political neutrality.

Paul Krugman: Romney Isn’t Concerned

If you’re an American down on your luck, Mitt Romney has a message for you: He doesn’t feel your pain. Earlier this week, Mr. Romney told a startled CNN interviewer, “I’m not concerned about the very poor. We have a safety net there.”

Faced with criticism, the candidate has claimed that he didn’t mean what he seemed to mean, and that his words were taken out of context. But he quite clearly did mean what he said. And the more context you give to his statement, the worse it gets.

George Zornick: Conyers to Obama: Go Further on Mortgage Relief

President Obama’s plan for homeowner relief, announced yesterday, would allow homeowners who are current on their mortgages refinance at today’s low rates-even if they’re underwater. It could provide thousands of dollars of relief to millions of homeowners, which would also provide a boost to the economy.

However, as I mentioned yesterday, the plan falls short when it comes to principal write-downs by GSEs like Fannie Mae and Freddie Mac. The plan provides all kinds of incentives for these principal write-downs to occur, when it’s clearly in the authority of the Federal Housing Finance Agency to simply force Fannie and Freddie to write them down immediately.

The FHFA director, Edward DeMarco, has so far refused to do so, and has frequently been a target of some House Democrats for that reason. Yesterday, Representative John Conyers Jr., a powerful voice in the House Democratic caucus, praised Obama’s plan but called for immediate action on GSE write-downs

Bill Boyarsky: The Thinking Person’s Guide to Campaign 2012

Pity the poor mainstream news media, confronted with many debates, demands for instantaneous coverage, competition for website traffic and the specter of ever-multiplying Super PACs.

All these factors have changed the dynamics of the presidential campaign, putting election coverage beyond the capabilities of the news media, which has been hit hard by heavy newsroom budget cutbacks.

The loss has been severe for the nation, resulting in harried coverage too often divorced from our national struggles, including the effort to recover from the Great Recession.

David Sirota: When It Comes to Education Technology, Trust-but Verify

The release of Apple’s computer-based textbooks last month had the usual technology triumphalists buzzing. “Apple and the Coming Education Revolution,” blared the headline at Fast Company magazine. “Apple puts iPad at head of the class,” screamed MacWorld. And Time magazine declared the announcement the “debut [of] the holy grail of textbooks.” It sounds exciting-a rise of the machines that promises educational utopia rather than “Terminator”-style cataclysm.

Or does it?

Though it may be too soon to definitively answer that question, it’s not too soon to ask it. Because despite the celebratory hype, there’s no guarantee that a hyper-technologized education system is synonymous with genuine progress.

Eugen Robinson: Romney’s Indifference to the Poor

I wish Mitt Romney’s cavalier dismissal of poverty in America could be chalked up as just another gaffe, but it’s much worse than that. The Republican front-runner seems dangerously clueless about the nation he seeks to lead.

When I first heard the now-famous quote-“I’m not concerned about the very poor”-I thought it might be fodder for a snarky column about the wee little Mr. Monopoly who lives inside Romney’s head and blurts out things like “Corporations are people, my friend,” or “I like being able to fire people.” But I realized that being “very poor” is no laughing matter to millions of Americans.

Putting Romney’s words in their full context makes them worse. Here is what he said on CNN:

I’m in this race because I care about Americans. I’m not concerned about the very poor. We have a safety net there. If it needs repair, I’ll fix it. I’m not concerned about the very rich, they’re doing just fine. I’m concerned about the very heart of America, the 90, 95 percent of Americans who right now are struggling.

For my part, I’m concerned about what sounds like shocking ignorance about the extent of poverty in this country and an utter lack of urgency about finding solutions.

Ben Adler: Sheldon Adelson Against Disenfranchisement in Nevada Caucus

Caucuses are offensively anti-democratic affairs. They require participation in a specific time and place, preventing anyone who may be unavailable from exercising their rights as a citizen. (Typically there is no absentee voting in caucuses.) People with disabilities, college students, single parents and people who work unusual shifts are among the most common victims. In Nevada’s caucus, we’ve discovered another: observant Jews. The Nevada caucus is on Saturday.

Nevada’s Republican Party, to its credit, has created an absentee voting mechanism in the caucuses for members of the military. As I’ve previously reported, there is a movement within the Republican Party to encourage or require state parties to allow absentee voting in caucuses for military personnel who are stationed out of state. Iowa chose not to do so, but Nevada did.

This raises the question of why anyone else who cannot be at a caucus site at 9 am on Saturday is not simply allowed to vote absentee the way military service members can. Apparently, Nevada Republicans think democracy is only a necessity for the military. Call it another Republican military exception, like the notion that government-provided health insurance is a moral obligation for veterans and an unpleasant burden for anyone else.

John Nichols: How Scott Walker and ALEC Plotted the Attack on Arizona’s Unions

Two days after Ohio voters overwhelmingly rejected Governor John Kasich’s anti-labor agenda by a sixty-one to thirty-nine margin in a statewide referendum, Wisconsin Governor Scott Walker jetted to Arizona to launch the next front in the national campaign to attack union rights. [..]

“We need to make big, fundamental, permanent structural changes. It’s why we did what we did in Wisconsin,” declared Walker, who at the annual dinner of the right-wing Goldwater Institute said that compromising with unions was “bogus. [..]

This week, Arizona Governor Jan Brewer-fresh from pointing her finger in the face of President Obama-and her allies in the Republican-controlled state legislature announced that they would try to outdo the anti-labor initiatives of Walker and Wisconsin’s Republican legislators.

And they did so in conjunction with the very people Walker has consulted with, spoken to and urged on in November: The Goldwater Institute.

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”.

William Rivers Pitt’s reflection on the 10th anniversary of his first article for truthout is an inspirational message to all writers and why to keep writing more and often.

William Rivers Pitt: This Is What I Know

“A man who carries a cat by the tail learns something he can learn in no other way.”

~ Mark Twain

A bottle of whiskey, a shot glass, and an article to write.

I’m not going to lie and say this particular combination hasn’t come together before on my desk, but it has been rare enough to be considered special, and here we are. You see, something struck me out of the clear blue a while ago: the very first article of mine Truthout ever published happened somewhere in early 2002, so I did a little digging with the help of my Facebook friends, and hot damn, there it was: “Hell to Pay,” published on January 17, 2002. [..]

Yeah, we have plenty of work to do yet.

The rage is still there.

I said this a long time ago, many times over, but it is worth repeating: I do not expect to see the things I fight for happen in my lifetime. Matters have gone far beyond that. I expect to fail, to die in defeat. That does not matter to me. The fight is worth waging because these things matter, and I intend to give the years I have left to that fight, no matter the outcome. Sooner or later, we will prevail. Write it down; I just did. I probably won’t be here to see it, but victory is its own reward, because a better world is possible, and that is all that matters.

A bottle of whiskey, a shot glass, and an article to write.

Here’s to you, to us, to this.

Here’s to getting it done.

Here’s to the next ten years. May they be better than the last

(emphasis mine)

Michelle Chen: In Year of Uprisings, Reporters Brave Crackdowns from Wall St. to Tahrir Square

You wouldn’t think handling a notebook or a camera could be a hazardous line of work. But according to the latest global Press Freedom Index, abuse and oppression of reporters has made journalism an increasingly risky job in many countries. The past year has even left a notable taint on the U.S. press, despite the country’s mythos as a beacon of free expression.

While the United States certainly hasn’t descended into the ranks of the most oppressive regimes, the watchdog group Reporters without Borders observes that in 2011 the political barriers and outright attacks facing reporters had led to a steep drop in the rankings-27 places down, to number 47:

   In the space of two months in the United States, more than 25 [journalists] were subjected to arrests and beatings at the hands of police who were quick to issue indictments for inappropriate behaviour, public nuisance or even lack of accreditation.

The most high-profile violations of press freedom took place during the Occupy protests, as reporters were abused by police and otherwise stonewalled by authorities.

Robert Reich: The Biggest Risk to the Economy in 2012, and What’s the Economy for Anyway?

Treasury Secretary Tim Geithner, speaking at the World Economic Forum in Davos a few days ago, said the “critical risks” facing the American economy this year were a worsening of Europe’s chronic sovereign debt crisis and a rise in tensions with Iran that could stoke global oil prices.

What about jobs and wages here at home?

As the Commerce Department reported Friday, the U.S. economy grew 2.8 percent between October and December – the fastest pace in 18 months and the first time growth exceeded 2 percent all year. Many bigger American companies have been reporting strong profits in recent months. GE and Lockheed Martin closed the year with record order backlogs.

Yet the percent of working-age Americans in jobs isn’t much different than what it was three years ago. Yes, America now produces more than it did when the recession began. But it does so with 6 million fewer workers.

Robert Sheer: The Democrats Who Unleashed Wall Street and Got Away With It

That Lawrence Summers, a president emeritus of Harvard, is a consummate distorter of fact and logic is not a revelation. That he and Bill Clinton, the president he served as treasury secretary, can still get away with disclaiming responsibility for our financial meltdown is an insult to reason.

Yet, there they go again. Clinton is presented, in a fawning cover story in the current edition of Esquire magazine, as “Someone we can all agree on. … Even his staunchest enemies now regard his presidency as the good old days.” In a softball interview, Clinton is once again allowed to pass himself off as a job creator without noting the subsequent loss of jobs resulting from the collapse of the housing derivatives bubble that his financial deregulatory policies promoted.

Amy Goodman: Romney’s 1 Percent Nation Under God

Although Mitt Romney has yet to win a majority in a Republican primary, he won big in Florida. After he and the pro-Romney super PACs flooded the airwaves with millions of dollars’ worth of ads in a state where nearly half the homeowners are underwater, he talked about whom he wants to represent. “We will hear from the Democrat Party the plight of the poor, and there’s no question, it’s not good being poor,” he told CNN’s Soledad O’Brien. “You could choose where to focus, you could focus on the rich, that’s not my focus. You could focus on the very poor, that’s not my focus. My focus is on middle-income Americans.” Of the very rich, Romney assures us, “They’re doing just fine.” With an estimated personal wealth of $250 million, Romney should know.

Jin Hightower: Newt Gingrich: The Spawn of Citizens United

Wow, January’s gone already — time really flies when you’re having Republican presidential primaries! And what better time than Groundhog Day to poke into that warren of feral Republican ideologues and see what the heck is going on.

Already, four of the GOP contenders have had to drop out — Michele Bachmann because she was just too wacky, Jon Huntsman because he was too sane, Herman Cain because he was too exposed and Rick Perry because he was too dimwitted.

But the greatest surprise is the sudden surge of the Adelson campaign. Little-known until now, Adelson was the big winner in South Carolina, came from nowhere to a second-place finish in the Florida primary, and looks to have the political kick needed to go the distance.

Never heard of Adelson? It consists of the married duo of Sheldon and Miriam, neither of whom are actually on any ballot. Rather, they are running on the Money Ticket.

Joe Conason: What Happened in Florida Won’t Stay in Florida

Mitt Romney’s convincing victory in the Florida primary erased his earlier defeats and perhaps any serious obstacle to his nomination. The question that still troubles party leaders, however, is the damage he will sustain before returning to Tampa in September for their convention.

Triumph could cost Romney much more than the million dollars or so that bought each point of his 46-32 margin over Newt Gingrich. Already the former speaker has shaped the plutocratic image of Romney now visible in national polls. A furious, wounded Gingrich could go still further-demanding, for instance, that Romney release many more years of tax returns.

But the electorate can also learn much about Romney from Ron Paul, if the Texan ever summons the courage to articulate their profound differences on war, national security and defense spending.

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

For some of us on the left, we were never invited to the “party.”

Taylor Marsh: The Party’s Over

There’s a reason Obama reelect doesn’t have a slogan.

All they’ve got is a question: Are you in? [..]

George W. Bush inspired the rise of the Tea Party, so one hoped that Barack Obama’s repeated applications of conservatism would unleash a requisite uprising on the left. However, there has been no challenge to Pres. Obama, with progressives in Congress and outside groups again and again rallying for him, while choosing to ignore his choice of conservatism over progressivism.

Pres. Obama can’t find a reelection slogan because his 2012 campaign boils down to the reality that “hope and change” has been reduced to “Republicans are worse.”

That’s not good enough for me anymore.

Katrina venden Heuvel: Eric Schneiderman: The Right Man, the Right Moment

In his State of the Union address last week, President Obama announced what Robert Kuttner, co-editor of The American Prospect, describes as maybe “the most fateful political and economic development of the election year”-the formation of an inter-agency task force to finally investigate the mortgage and lending practices that led to the collapse of the economy and trillions of dollars in lost wealth, with New York Attorney General Eric Schneiderman named as co-chair.

It remains to be seen whether Schneiderman will be given the extensive resources and manpower he needs to conduct a thorough and aggressive investigation, or if the Wall Street faction within the Administration will stonewall the process. But I’m confident in this: Schneiderman is the right man for the job and he’s not about to let himself be co-opted for the President’s reelection bid. Throughout his career he’s been a steadfast champion of causes because they are right, not because they are popular or politically expedient. He’s been successful because he works to move voters closer to his positions, and sets a course toward a better future and better possibilities. If he’s being obstructed, he’ll let people know.

Maria Margaronis: European Summit: German Austerity Blues

“Nein! Nein! Nein!” roars today’s headline on Ta Nea, Greece’s largest circulation daily, over a caricature of Angela Merkel controlling a map of Greece with puppet strings. This is not just the usual Greek rage against the EU’s austerity measures: Last Friday the Financial Times made public a German proposal to take over Greece’s finances so extreme as to look like parody. In order to receive the next tranche of its bailout, the document explains, Greece would have to agree a “transfer of national budgetary sovereignty” to a European commissar, “preferably through constitutional amendment,” making an absolute commitment to service its debt before spending public funds on anything else

Merkel has since backed off from the document, but whoever leaked it obviously wasn’t aiming at a warm, candle-lit atmostphere between Greece and Germany at the ongoing negotiations for a write-down of Greece’s private sector debt, or at today’s European summit in Brussels (where there’s also a general strike in progress against austerity measures). Once again, the Greek crisis is at the heart of the talks, though it’s not on the published agenda. The official business on the table includes the new European fiscal compact, due to be signed in March, which would punish states that exceed fixed deficit and debt levels and has been described by one official as a plan to outlaw Keynesianism; and measures to promote growth and create jobs, especially for the young, who are now being tagged as a “lost generation.”

Amanda Marcotte: In Bad Faith: New Study Further Underscores Lack of Truth in Anti-Choice Claims

One of the most frustrating parts of dealing with the modern conservative movement is their incredibly practiced disingenuousness. From a bunch of white people denying racism while pushing racist policies to a bunch of straight people claiming that they want to ban gay marriage not because they hate gays, but because they love “traditional marriage,” the constant pose of the modern right winger is one of bad faith.

Nowhere is this more true than when it comes to the anti-choice movement. Despite arsons, vandalism and occasional assassinations, anti-choice activists demand the right to label their movement “non-violent.” And despite the fact that the movement is organized by religious people whose religion teaches that women should be constrained to traditional gender roles and that sex outside of marriage (or for pleasure instead of procreation) is wrong, anti-choicers cry foul if you suggest that their activism against women’s liberation or sexual freedom somehow is rooted in opposition to women’s liberation or hostility to sex.

Renee Parsons: What Happened to the War Powers Act?

On Sunday night’s 60 Minutes program, Scott Pelley opened an interview with Defense Secretary Leon Panetta with the question, “How many countries are we currently engaged in a shooting war?” Surprised by the question, Panetta, who laughed heartily as if Pelley had just told him a really humorous knock-knock joke that tickled his funny bone, responded ‘that’s a good question. I have to stop and think about that.” Panetta proceeded to answer “we’re going after al Qaeda wherever they’re at…. Clearly, we’re confronting al Qaeda in Pakistan, Yemen, Somalia, North Africa….” In case you’re wondering, yes, Panetta confirmed that US troops are in Pakistan.

Pelley’s question could not have been more clear just as Panetta’s answer was unequivocal. What neither Pelley nor Panetta, who received a law degree from Santa Clara University Law School, mentioned was that for the US to be ‘engaged in a shooting war,’ not to mention more shooting wars than he could recount, without congressional approval is not only unconstitutional but is a clear violation of the War Powers Act of 1973.

Michelle Chen: Amid ‘Turnaround Agenda,’ Teachers, Communities Overshadowed by Corporate Reforms

The conversation about school reform in Washington is replete with big ideas–glossy proposals for “accountability,” putting the “students first,” fixing “broken” schools, all in hopes of making America “competitive” again.

Yet our schools are poorer than ever, and in many communities, the child poverty has deepened while test scores have stagnated. The experts leading the education reform debate have failed to draw a simple equation: a system with adequate resources does better than one without.

The gap in the logic has widened as state governments press school districts to conform to new standards–or else. States are gunning for a competitive grant fund known as “Race to the Top,” which the White House dangles as an incentive to restructure school systems. This hyped-up free-market reform rhetoric seeped into President Obama’s suggestion to “offer schools a deal” in his State of the Union address.

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”.

Maira Sutton and Parker Higgins: We Have Every Right to Be Furious About ACTA

If there’s one thing that encapsulates what’s wrong with the way government functions today, ACTA is it. You wouldn’t know it from the name, but the Anti-Counterfeiting Trade Agreement is a plurilateral agreement designed to broaden and extend existing intellectual property (IP) enforcement laws to the Internet. While it was only negotiated between a few countries,1 it has global consequences. First because it will create new rules for the Internet, and second, because its standards will be applied to other countries through the U.S.’s annual Special 301 process. Negotiated in secret, ACTA bypassed checks and balances of existing international IP norm-setting bodies, without any meaningful input from national parliaments, policymakers, or their citizens. Worse still, the agreement creates a new global institution, an “ACTA Committee” to oversee its implementation and interpretation that will be made up of unelected members with no legal obligation to be transparent in their proceedings. Both in substance and in process, ACTA embodies an outdated top-down, arbitrary approach to government that is out of step with modern notions of participatory democracy.

The EU and 22 of its 27 member states signed ACTA yesterday in Tokyo. This news is neither momentous nor surprising. This is but the latest step in more than three years of non-transparent negotiations. In December, the Council of the European Union-one of the European Union’s two legislative bodies, composed of executives from the 27 EU member states-adopted ACTA during a completely unrelated meeting on agriculture and fisheries. Of course, this is not the end of the story in the EU. For ACTA to be adopted as EU law, the European Parliament has to vote on whether to accept or reject it.

Jim Hightower: Buying Our Future

Sheldon Adelson, a Las Vegas-based global casino baron who has long been a major funder of far-right-wing causes, is Newt Gingrich’s very special political pal.

Already, four of the top GOP presidential contenders have dropped out. Michele Bachmann went first, because she was too wacky, followed by Jon Huntsman, because he was too sane. Herman Cain gave up because he was too exposed, and Rick Perry because he was too dim-witted.

But the greatest surprise is the sudden surge of the Adelson campaign. Little-known until now, Adelson was the big winner in South Carolina, has made his mark in Florida, and looks to have the political kick needed to go the distance.

Never heard of the Adelson campaign? It’s the married duo of Sheldon and Miriam, neither of whom is actually on the ballot. Rather, they are running on the cash ticket.

Dean Baker: A Competitive Dollar: The Missing Link in President Obama’s Manufacturing Agenda

In his State of the Union Address last week, President Obama announced a renewed commitment to manufacturing in the United States. While the commitment to rebuilding the country’s manufacturing base is welcome – manufacturing has historically been a source of good-paying jobs for workers without college degrees – he unfortunately left the most important item on the list off the agenda.

President Obama failed to commit himself to restoring the competitiveness of the dollar as part of his agenda for bringing back manufacturing jobs. The value of the dollar really has to be front and central in any effort to restore US competitiveness since it is by far the most important factor determining the relative cost of US goods compared with goods produced elsewhere.

Gary Younge: US Elections: No Matter Who You Vote For, Money Always Wins

Dollars play a decisive role in US politics. And more so since the supreme court allowed unlimited campaign contributions

Republican presidential debates are not for the faint-hearted. Last week in Jacksonville, Florida, Rick Santorum warned of the “threat of radical Islam growing” in Central and South America. Newt Gingrich advocated sending up to seven flights a day to the moon, where private industry might set up a colony, and reaffirmed his claim that Palestinians were invented in the late 70s. Mitt Romney argued that if you make things tough enough for undocumented people, they will “self-deport”.

Given the general state of the Republican party, such comments now attract precious little attention. Truth and facts are but two options among many. The party’s base, overrun by birthers, climate change deniers and creationists, floats its warped theories and every now and then one makes it to the top and bobs out into the airwaves.

Bill Moyers and Michael Winship: The Party People of Wall Street

A week or so ago, we read in The New York Times about what in the Gilded Age of the Roman Empire was known as a bacchanal – a big blowout at which the imperial swells got together and whooped it up. [..]

This year, the butt of many a joke were the protesters of Occupy Wall Street. In one of the sketches, the bond specialist James Lebenthal scolded a demonstrator with a face tattoo, “Go home, wash that off your face and get back to work.” And in another, a member — dressed like a protester – was told, “You’re pathetic, you liberal. You need a bath!”

Pretty hilarious stuff. The whole affair’s reminiscent of the wingdings the robber barons used to throw during America’s own Gilded Age a century and a half ago, when great wealth amassed at the top, far from the squalor and misery of working stiffs. Guests would arrive in the glittering mansions for costume balls that rivaled Versailles, reinforcing the sense of superiority and the virtue of a ruling class that depended on the toil and sweat of working people.

Eugene Robinson: The GOP’s Anti-Gingrich Campaign

MIAMI-When the empire strikes back, it hits hard. The Republican establishment is deploying every weapon and every soldier-even Bob Dole-in an increasingly desperate attempt to pulverize the Newt Gingrich rebellion. Eventually, the shock-and-awe campaign may work.

But then what? In the establishment’s best-case scenario, the party is left with Mitt Romney, a candidate whose core message, as far as I can tell, seems to be: “Yes, I made a ton of money. You got a problem with that?” really believe in him.

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”.

The opinion by Kuttner is an absolute must read.

Robert Kuttner: Eric Schneiderman: Hero or Goat?

The activation of the administration’s long dormant task force on criminal misconduct in the financial collapse, with New York’s progressive attorney general Eric Schneiderman as co-chair, could be the most fateful political and economic development of the election year. There are still immense pitfalls ahead, as Wall Street allies inside the administration and on Wall Street itself try to reduce Schneiderman’s role to that of symbolic fig leaf.

But President Obama has done something potentially momentous for which he deserves our praise, even if he himself does not fully grasp the implications. The significance of the shift is still in play, of course, and will be made clearer as events unfold over the next several weeks.

Some skeptics in the progressive community have raised questions both about the upside for Schneiderman and his motives. Given the administration’s feeble record on prosecutions to date, the critics are right to flag the likelihood that people like Attorney General Eric Holder and SEC enforcement chief Robert Khazumi will try to sandbag Schneiderman. But my reporting suggests that they underestimate both the man and the dynamics that have been set loose.

Paul Krugman: The Austerity Debacle

Last week the National Institute of Economic and Social Research, a British think tank, released a startling chart comparing the current slump with past recessions and recoveries. It turns out that by one important measure – changes in real G.D.P. since the recession began – Britain is doing worse this time than it did during the Great Depression. Four years into the Depression, British G.D.P. had regained its previous peak; four years after the Great Recession began, Britain is nowhere close to regaining its lost ground.

Nor is Britain unique. Italy is also doing worse than it did in the 1930s – and with Spain clearly headed for a double-dip recession, that makes three of Europe’s big five economies members of the worse-than club. Yes, there are some caveats and complications. But this nonetheless represents a stunning failure of policy.

And it’s a failure, in particular, of the austerity doctrine that has dominated elite policy discussion both in Europe and, to a large extent, in the United States for the past two years.

David Cay Johnston: The Siren Call of Austerity

The World Economic Forum opened in Davos amid choruses of central bankers and economists calling for governments to cut spending.

This message of austerity is like the call of the ancient Sirens, whose music lured sailors to shipwreck.

We should take a lesson from Odysseus, who poured wax into the ears of his crew and had himself lashed to the mast of his ship to resist the Siren call.

Austerity supporters are selling the idea that governments, like families, must cut back when income shrinks. But economically, governments are not like families.

Firing teachers, cops and government clerks will, for sure, reduce public spending. But budgets, like the song of the Sirens, are only part of the story. Listen only to the alluring lyrics and, like the many voyagers before Odysseus, we will suffer disastrous consequences – in our case falling incomes and worsening economies.

Danny Schechter: Remember Rousseau: Property Rights and Human Rights Are Still At War

The conflict between property rights and human rights has entered a new chapter. It is a debate that goes back to the challenge by landowners and merchants behind the American Revolution’s war on British control over the colonial economy.

Only today, as those speaking in the name of the 99% challenge the super wealthy of the 1% (actually the .001 %) there is a new battleground in what’s known as the housing market with as many as 14 million Americans in or facing foreclosure. [..]

Jean-Jacques Rousseau who postulated the “social contract” that gives property rights a moral claim would be turning in his grave if he knew of the many abuses that homeowners in the US face daily.

Chris Hedges: Corporations Have No Use for Borders

What happened to Canada? It used to be the country we would flee to if life in the United States became unpalatable. No nuclear weapons. No huge military-industrial complex. Universal health care. Funding for the arts. A good record on the environment.

But that was the old Canada. I was in Montreal on Friday and Saturday and saw the familiar and disturbing tentacles of the security and surveillance state. Canada has withdrawn from the Kyoto Accords so it can dig up the Alberta tar sands in an orgy of environmental degradation. It carried out the largest mass arrests of demonstrators in Canadian history at 2010’s G-8 and G-20 meetings, rounding up more than 1,000 people. It sends undercover police into indigenous communities and activist groups and is handing out stiff prison terms to dissenters. And Canada’s Prime Minister Stephen Harper is a diminished version of George W. Bush. He champions the rabid right wing in Israel, bows to the whims of global financiers and is a Christian fundamentalist.

The voices of dissent sound like our own. And the forms of persecution are familiar. This is not an accident. We are fighting the same corporate leviathan.

L. Alan Sroufe: Ritalin Gone Wrong

Three million children in this country take drugs for problems in focusing. Toward the end of last year, many of their parents were deeply alarmed because there was a shortage of drugs like Ritalin and Adderall that they considered absolutely essential to their children’s functioning.

But are these drugs really helping children? Should we really keep expanding the number of prescriptions filled?

In 30 years there has been a twentyfold increase in the consumption of drugs for attention-deficit disorder.

As a psychologist who has been studying the development of troubled children for more than 40 years, I believe we should be asking why we rely so heavily on these drugs.

Bill Boyarsky: Winning Our Future, Gambling With Democracy

With financial and political interests ranging from Las Vegas to Israel to China, Sheldon Adelson, who is bankrolling the super PAC supporting Newt Gingrich, is a powerful illustration of the dangers of unlimited campaign contributions.

Casino magnate Adelson donated $5 million to the super PAC Winning Our Future, which helped Gingrich defeat Mitt Romney in the South Carolina Republican presidential primary. Then Adelson’s wife, Miriam, gave the pro-Gingrich PAC $5 million more for the Florida primary. These gifts provide sweet revenge for Gingrich, beaten in Iowa and New Hampshire with the help of ad campaigns funded by the pro-Romney super PAC, which is now operating in Florida.

Punting the Pundits: Sunday Preview Edition

Punting the Punditsis an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

The Sunday Talking Heads:

Up with Chris Hayes: New York Attorney General Eric Schneiderman will be Chris’ special guest. His other guests are Rep. Steve Cohen (D-TN) (@repcohen), U.S. Representative from Tennessee’s 9th district in the Memphis area; Mike Daisey, monologist, author, and performer of “The Agony & the Ecstasy of Steve Jobs”; Esther Armah (@estherarmah), Host of WBAI radio’s “Wakeup Call” in New York; Elise Jordan (@elise_jordan), former director of communications and speechwriter for Secretary of State Condoleezza Rice under President George W. Bush and Victoria DeFrancesco Soto (@drvmds), Communications director for Latino Decisions and visiting scholar at University of Texas – Austin.

This Week with George Stephanopolis: Republican presidential candidate and former House Speaker Newt Gingrich, House Speaker John Boehner are guests. George Will, Democratic strategist Donna Brazile, former Obama economic adviser Austan Goolsbee, and radio host and Fox News contributor Laura Ingraham debate how long the Republican nomination contest may last, and whether the battle over taxes in President Obama’s State of the Union address will provide a blueprint for the general election.

Face the Nation with Bob Schieffer: Guests are former Republican Presidential candidate Rep. Michele Bachmann (R-MN) and Donald Trump, Rep. Mario Diaz-Balart (R-FL) and Rep. Allen West (R-FL) who will share their thoughts on their home state and humorist and columnist Dave Barry. Joining Bob on a panel are The Miami Herald‘s Marc Caputo, Real Clear Politics’ Scott Conroy and CBS News’ John Dickerson.

The Chris Matthews Show: This week’s guests are Katty Kay, BBC Washington Correspondent, Michael Duffy, TIME Magazine Assistant Managing Editor, Andrew Sullivan, The Daily Beast Editor, The Dish and Kathleen Parker, The Washington Post Columnist.

Meet the Press with David Gregory: This Sunday, a debate between the two camps: For Romney, Sen. John McCain (R-AZ), and for Gingrich, Fmr. Sen. Fred Thompson. A panel discussion on the 2012 race with guests MSNBC’s Joe Scarborough, presidential historian Doris Kearns Goodwin, & NBC News Political Director Chuck Todd. Obama’s senior campaign strategist David Axelrod and GOP presidential hopeful Rick Santorum are also guests.

State of the Union with Candy Crowley: Candy sits down with Presidential Candidate and Texas Congressman Ron Paul who is bypassing the Florida primary. Other guests are Florida Governor Rick Scott (R), Sen. Mitch McConnell (R-KY), Carlos Gutierrez, a former Bush commerce secretary, and Los Angeles Mayor Antonio Villaraigosa.

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”.

Matt Taibbi: Is Obama’s ‘Economic Populism’ for Real?

There is a lot to digest in a recent series of events on the Prosecuting Wall Street front – the two biggest being Barack Obama’s decision to make New York Attorney General Eric Schneiderman the co-chair of a committee to investigate mortgage and securitization fraud, and the numerous rumors and leaks about an impending close to the foreclosure settlement saga.

There is already a great debate afoot about the meaning of these two news stories, which surely are related in some form or another. Some observers worry that Schneiderman, who over the summer was building a rep as the Eliot Ness of the Wall Street fraud era, has sold out and is abandoning his hard-line stance on foreclosure in return for a splashy federal posting.

Others looked at his appointment in conjunction with other recent developments – like the news that Tim Geithner won’t be kept on and Obama’s comments about a millionaire’s tax – and concluded that Barack Obama had finally gotten religion and decided to go after our corruption problem in earnest.

Mark Weisbot: Obama’s SOTU Played to Media, Not Human Needs

To understand President Obama’s state of the union speech, you have to understand his political strategy. From the beginning of his 2008 campaign, his main constituency has always been the major media. His calculation has always been that he can win without the energy companies and even some other big campaign donors, but not if the mainstream media doesn’t like him. So, a little bit of populism on the tax issues – for example, the Buffet Rule – is now acceptable, especially in the context of deficit reduction and Republicans’ pro-1% extremism.

The other key constituency is the swing voters – he is taking Democrats for granted – who, for the last four decades, have been composed largely of white working-class voters. According to the leading Democratic pollster Stan Greenberg, the speech was effective with swing voters. So, overall, a success for Obama.

Lawrence Lessig: After the Battle Against SOPA-What’s Next?

January 18, 2012 could prove to be an incredibly important day, and not just for copyright policy or the Internet. On that day, two critically important things happened: First, with its 6-2 decision in Golan v. Holder, the Supreme Court shut the door, finally and firmly, on any opportunity to meaningfully challenge a copyright statute constitutionally. Second, millions from the Internet opened the door, powerfully if briefly, on the powers that dominatepolicymaking in Washington, and effectively stopped Hollywood’s latest outrage to address “piracy”-aka, the Stop Online Piracy Act (SOPA), and the Protect IP Act (PIPA).

The constitutional battle began over a decade ago. Conservatives on the Supreme Court had long rumbled about the need to respect the “original intent” of the “framers” of our Constitution by enforcing the affirmative limits of the Constitution. In 1995, a 5-4 Court decision shocked conventional wisdom by striking a law regulating commerce because, as the Court found, it exceeded those original limits. Three years later, the Court did the same, this time with a law regulating violence against women. The Court seemed eager to read the Constitution the way the framers wrote it, regardless of how the current Congress read it.

Laura Flanders: Not A Peep About President’s Praise for War

The grades for the president’s State of the Union are in and the critics have been kind. In fact, it’s chilling to see just how few hits the president takes for couching his entire address in unqualified celebration of the US military.

Speaking of the troops, President Obama began: “At a time when too many of our institutions have let us down, they exceed all expectations.”

Post-show pundits on cable news praised the president’s comfort with his commander-in-chief role but none saw fit to mention recent news — of marines urinating on Afghan corpses, say, or Staff Sgt Wuterich walking free after participating in the killing of 24 unarmed men, women and children in Haditha, Iraq. Accompanying Obama’s next phrase, “Imagine what we could accomplish if we followed their example,” no one thus far has played vile viral video. The critics have been kind.

Brian Moench: Physicians in Congress Committing Malpractice on Millions

What would you think if your physician told you, “Keep smoking because quitting would kill tobacco and health care jobs.” Or, “Don’t take your high blood pressure medicine, you can’t afford it.” And, “Don’t lose weight, no one has proven obesity is bad for you.”

That’s exactly the quality of medical advice we are getting from the 18 Republican physicians currently serving in Congress. Some of the most well known are the father and son team of Rep. Ron and Sen. Rand Paul and Sen.Tom Coburn. Almost all of these physician/Congressmen have been key soldiers in the Republican war on the EPA; calling it a “job killer,” pronouncing relevant health science “unproven,” claiming we “can’t afford” their regulations.

George Lakey: How Swedes and Norwegians Broke the Power of the ‘1 Percent’

While many of us are working to ensure that the Occupy movement will have a lasting impact, it’s worthwhile to consider other countries where masses of people succeeded in nonviolently bringing about a high degree of democracy and economic justice. Sweden and Norway, for example, both experienced a major power shift in the 1930s after prolonged nonviolent struggle. They “fired” the top 1 percent of people who set the direction for society and created the basis for something different.

Both countries had a history of horrendous poverty. When the 1 percent was in charge, hundreds of thousands of people emigrated to avoid starvation. Under the leadership of the working class, however, both countries built robust and successful economies that nearly eliminated poverty, expanded free university education, abolished slums, provided excellent health care available to all as a matter of right and created a system of full employment. Unlike the Norwegians, the Swedes didn’t find oil, but that didn’t stop them from building what the latest CIA World Factbook calls “an enviable standard of living.”

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”.

Taylor Marsh; Time for a Tea Party of the Left

President Obama takes his base for granted on issues like the Bush tax cuts, Plan B, and the economy

Where’s the Democratic version of the Tea Party? You’d think after Obama’s anti-progressive economics, foreign policy, and adoption of Bush antiterrorism policies (though to a more methodically lethal, anti-progressive effect), the Democratic base would have taken the Tea Party template and run with it by now. [..]

When Obama recently decided not to relax restrictions on the emergency contraceptive Plan B, House Democratic Leader Nancy Pelosi gave him a pass, while the Colorado Democratic Rep. Diana DeGette, a member of the so called “Pro-Choice Caucus,” stated she was “disappointed.” There are never any repercussions for such decisions on the left, while repercussions have defined the Tea Party and its power on the right. [..]

The Democratic base has a passive-aggressive relationship with Obama that resembles a dysfunctional love affair. He has all the power and the base has absolutely none, unless you count the gay and lesbian contingent which was as good a model as the Tea Party on how to get it done. It’s not that progressives couldn’t have power; it’s that they refuse to wield any.

Paul Krugman: Jobs, Jobs and Cars

Mitch Daniels, the former Bush budget director who is now Indiana’s governor, made the Republicans’ reply to President Obama’s State of the Union address. His performance was, well, boring. But he did say something thought-provoking – and I mean that in the worst way.

or Mr. Daniels tried to wrap his party in the mantle of the late Steve Jobs, whom he portrayed as a great job creator – which is one thing that Jobs definitely wasn’t. And if we ask why Apple has created so few American jobs, we get an insight into what is wrong with the ideology dominating much of our politics.

Bill Buzenberg: Super Pac pacts after Scott Brown and Elizabeth Warren’s in Massachusetts

The deal to block outside ads in the Senate race is admirable, but futile: Citizens United has embedded big bucks in politics

Massachusetts Republican Senator Scott Brown and his Democratic challenger, Elizabeth Warren, are attempting some creative political jujitsu to end massive outside spending on advertising in their 2012 US Senate race. I applaud them and you should, too. But, their experiment, however laudable, is unlikely to work. [..]

Unfortunately, the candidates do not control this outside spending. The candidates would like the media to turn down such outside advertising. But the dirty secret every campaign year is that commercial broadcasters love – and, in fact, have come to depend upon – the money thrown at them in election years.

New York Times Editorial: So Who’s a Lobbyist?

Under the federal lobbying law, Newt Gingrich can legitimately claim that he is not a lobbyist. That alone demonstrates how much the law needs to be changed. [..]

The Lobbying Disclosure Act of 1995 has three tests: 1) Do you make more than $3,000 over three months from lobbying? 2) Have you had more than one lobbying contact? 3) Have you spent more than 20 percent of your time lobbying for a single client over three months?

Only a person who has met all three tests must register as a lobbyist. So a former lawmaker who has many lobbying contacts and makes $1 million a year lobbying but has no single client who takes up more than 20 percent of his time would not be considered a lobbyist.

Congress has shown little interest in tightening these requirements, in part because lawmakers don’t want to close off a lucrative career in lobbying after they leave office. More than 400 former lawmakers have become lobbyists or consultants in the last decade.

George Zornick: Enforce Dodd-Frank: Break Up Bank of America

Section 121 of the Dodd-Frank financial reform bill provides a pretty clear mandate: if the federal government determines that a financial institution poses a “grave” risk to the financial system, the government is entitled to take action to mitigate that risk.

Specifically, if the Board of Governors of the Federal Reserve System makes that assessment, it can take action with the approval of the Financial Stability Oversight Council, which is part of the Treasury Department. The potential actions can range from limiting mergers and acquisitions, imposing conditions on how the institution does business or ordering it to liquidate. [..]

To that end, Public Citizen filed a petition (pdf) this week to the Federal Reserve and FSOC to break up Bank of America-a bank that’s clearly too big to fail, since it holds assets equal to one-seventh of the United States’ gross domestic product. It’s got the second-biggest holdings of any US bank and is interconnected with so many other institutions that few people-if any, even inside the bank-truly understand the complexity of those arrangements and dependencies.

Jennifer Abel: The bigger picture of Rand Paul’s brush with the TSA

Go Rand Paul, for refusing a patdown! But ordinary Americans will still be daily deprived of their constitutional rights by the TSA

The brouhaha over Senator Rand Paul’s refusal to submit to a full-body groping by blue-gloved minions of the Transportation Security Administration shows, again, how the more things change, the more they stay the same. [..]

For all that Rand Paul was right in refusing the TSA patdown, though, his proposed solution is little better than the status quo. Paul supports the creation of a “trusted traveler” program for frequent flyers who would be exempt from TSA procedures. That would surely be an improvement for frequent flyers like Senator Paul, but it still does not address the odious idea that the TSA’s routine treatment of passengers is acceptable.

Fourth amendment rights should not be special privileges, doled out only to those the government deems “trustworthy”. Or did 9/11 really change all that?

Ari Berman: Mitt’s Money Problem

“Romney, sinking in polls, says ‘banks aren’t bad people.’ ” That headline from the LA Times encapsulates, in a nutshell, why Mitt Romney is in trouble, both in the Republican primary against Newt Gingrich and in a possible general election campaign against President Obama. [..]

The key problem for Romney is that at a time when Americans are increasingly concerned about income inequality and the political voicelessness of the 99 percent, Romney is an unabashed proponent of Wall Street and the 1 percent. The fact that he paid only 13.9 percent in taxes on $21.6 million in income in 2010, that he had investments in offshore tax havens, that he profited at Bain Capital from bankrupt companies and shuttered steel mills, and that he believes corporations are people all reinforce this central weakness of his candidacy.

Punting the Pundits

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Paul Krugman: Rooted in Politics, Austerity Worsens the Greek Tragedy

The Washington Post recently published a heartrending story on the suffering being imposed on ordinary Greeks. So much for the doctrine of expansionary austerity.

I do have a small bone to pick, however. In the article, published on Jan. 10 and titled “In Greece, Fears That Austerity Is Killing the Economy,” there’s the discussion of why such harsh austerity is being imposed: “European powers, led by fiscally conservative Germany, have been insisting that Greece correct years of mismanagement by enacting swift waves of cuts and other major economic reforms to regain the confidence of investors and ensure the integrity of the euro. Slashing the deficit quickly is essential to ushering in a sustainable future, they have argued, and the resulting social pain is necessary to impress on Greek politicians and society that such excesses should never happen again.”

Most of that is right – but not the bit about regaining the confidence of investors – or at any rate, that’s not what it’s about these days. For it’s quite clear that at this point investor confidence is unregainable. Greek borrowing costs aren’t coming down to affordable levels for a very long time.

Amy Goodman: Obama’s Late Payment to Mortgage-Fraud Victims

In his State of the Union address, many heard echoes of the Barack Obama of old, the presidential aspirant of 2007 and 2008. Among the populist pledges rolled out in the speech was tough talk against the too-big-to-fail banks that have funded his campaigns and for whom many of his key advisers have worked: “The rest of us are not bailing you out ever again,” he promised.[..]

Obama is aware that those at the Occupy Wall Street protests around the country include many who were his most active supporters during the 2008 campaign. Does the formation of the new task force signify a move to more progressive policies, as MoveOn suggests?[..]

This is the Occupy Wall Street conflict distilled. Will Eric Schneiderman’s new job lead to the indictment of fraudulent financiers, or to just another indictment of our corrupt political system?

New York Times Editorial: A Mortgage Investigation

In the State of the Union address, President Obama promised a fresh investigation into mortgage abuses that led to the financial meltdown. The goal, he said, is to “hold accountable those who broke the law, speed assistance to homeowners and help turn the page on an era of recklessness that hurt so many Americans.” Could this be it, finally? An investigation that results in clarity, big fines and maybe even jail time?

There is good reason to be skeptical. To date, federal civil suits over mortgage wrongdoing have been narrowly focused and, at best, ended with settlements and fines that are a fraction of the profits made during the bubble. There have been no criminal prosecutions against major players. Justice Department officials say that it reflects the difficulty of proving fraud – and not a lack of prosecutorial zeal. That is hard to swallow, given the scale of the crisis and the evidence of wrongdoing from private litigation, academic research and other sources.

Robert Sheer: Obama’s Faux Populism Sounds Like Bill Clinton

I’ll admit it: Listening to Barack Obama, I am ready to enlist in his campaign against the feed-the-rich Republicans … until I recall that I once responded in the same way to Bill Clinton’s faux populism. And then I get angry because betrayal by the “good guys” for whom I have ended up voting has become the norm.

Yes, betrayal, because if Obama meant what he said in Tuesday’s State of the Union address about holding the financial industry responsible for its scams, why did he appoint the old Clinton crowd that had legalized those scams to the top economic posts in his administration? Why did he hire Timothy Geithner, who has turned the Treasury Department into a concierge service for Wall Street tycoons?

Joe Conason; Mitch Daniels: Bombast From the Past

Why the Republicans chose Mitch Daniels-the Indiana governor who once thrilled right-wing pundits as a 2012 hopeful-to deliver a rebuttal to President Obama’s State of the Union address is puzzling. His uninspiring remarks surely killed the Daniels fad, revived lately as Republicans fret over the unappetizing choices available in their primaries.

By shining the spotlight on Daniels, the Republicans risked losing much more than a political rescue fantasy. He isn’t merely a politician who looks like an accountant; he actually was an accountant-or at least he played one during the Bush years, when he served as director of the Office of Management and Budget. Listening to him drone on about fiscal rectitude just might have reminded voters of the true source of our national problems.

William Rivers Pitt: Staring at Empty Pages

The Occupy Wall Street movement should spend today doing a nice little victory lap, because it seemed for all the world like its members were ghost-writers on President Obama’s State of the Union speechwriting staff. Though he never directly mentioned the movement itself, Mr. Obama spent a great deal of time on Tuesday night underscoring many of Occupy’s most central themes: income inequality, tax fairness, and the need to rein in the illegal and immoral behavior of the nation’s largest financial institutions.

Talk is cheap, of course; despite all of Mr. Obama’s high-flown rhetoric, his administration is reportedly prepared to cut a disgracefully easy deal with the five banks most directly responsible for the financial meltdown, giving his so-pretty words a hollow ring [..]

Dan Kaufman: A Judge in the Dock

IN October 1998, British police officers arrested the Chilean general Augusto Pinochet while he was recuperating from back surgery at a London hospital. They were acting on an international warrant issued by the Spanish judge Baltasar Garzón seeking General Pinochet’s extradition to stand trial in Spain on charges of torture and murder. After a 17-month legal battle, General Pinochet was released on medical grounds, but Judge Garzón’s warrant paved the way for stripping the former dictator of immunity and prosecuting him in Chile. [..]

Yet Judge Garzón is now himself under legal attack for confronting Spain’s own dark history. He is on trial this week before the Spanish Supreme Court for daring to investigate crimes committed during the Spanish Civil War and the nearly four-decade dictatorship of Gen. Francisco Franco. The case against him is fueled by domestic political vendettas rather than substantive legal arguments and it could dramatically set back international efforts to hold human-rights violators accountable for their crimes.

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