Tag: Open Thread

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

Paul Krugman: Fantasies and Fictions at G.O.P. Debate

I’ve been going over what was said at Wednesday’s Republican debate, and I’m terrified. You should be, too. After all, given the vagaries of elections, there’s a pretty good chance that one of these people will end up in the White House.

Why is that scary? I would argue that all of the G.O.P. candidates are calling for policies that would be deeply destructive at home, abroad, or both. But even if you like the broad thrust of modern Republican policies, it should worry you that the men and woman on that stage are clearly living in a world of fantasies and fictions. And some seem willing to advance their ambitions with outright lies.

Let’s start at the shallow end, with the fantasy economics of the establishment candidates.

New York Times Editorial Board: The Fed Gives Growth a Chance

The Federal Reserve did the right thing on Thursday when it opted not to begin raising interest rates. By holding steady, the Fed is acknowledging, correctly, that the economy shows no signs of overheating. Price inflation, for example, has been below the Fed’s 2 percent target for years and shows no signs of accelerating.

The Fed also acknowledged the dampening effect global economic weakness and financial-market volatility may have on the American economy. In the past, the Fed played down those dangers, assuming they would be transitory or bearable. In the statement released after its policy-making committee meeting, it shifted, saying international and financial conditions could slow the domestic economy, making an interest-rate increase to restrain the economy unnecessary, at least for now.

In one important respect, however, the Fed appears to be doing the right thing for the wrong reasons.

Joshua Kopstein: The poisonous paranoia of ‘see something, say something’

The best way to help kids like Ahmed Mohamed is to reject the suspicious mindset that has gripped Americans since 9/11

Fourteen years after 9/11, the United States remains in an artificially sustained state of emergency best encapsulated by the oft-repeated Orwellian catchphrase: “If You See Something, Say Something™.”  This ubiquitous edict and its variants still appear in transportation hubs and public buildings across the country, nudging us to never take anything at face value, treating every perceived oddity and fleeting discomfort as a potential threat.

It was this poisonous mentality that was at work Monday, when school administrators in Irving, Texas, had a Muslim teenager arrested for bringing a homemade digital clock to school after a teacher said it looked like a bomb. Ahmed Mohamed, a talented 14-year-old with a well-known aptitude for electronic tinkering, told the Dallas Morning News that he built the clock in 20 minutes the previous night to impress his engineering instructor. By 3 p.m., Ahmed was suspended from school and being escorted out of McArthur High School in handcuffs.

Robert Sheer: Fools, Fascists and Cold Warriors: Take Your Pick

Are they fools or fascists? Probably the former, but there was a disturbing cast to the second GOP debate, a vituperative jingoism reminiscent of the xenophobia that periodically scars western capitalist societies in moments of disarray.

While the entire world is riveted by the sight of millions of refugees in terrifying exodus attempting to save drowning and starving children, we were treated to the darkly peculiar spectacle of scorn for the children of undocumented immigrants and celebration of the sanctity of the unborn fetus.

Marching to the beat of that mad drummer Donald Trump, the GOP candidates have taken to scapegoating undocumented immigrants, particular the young, blaming them for all that ails us. Most of the GOP contenders appeared as a shrill echo of the neo-fascist European movements of late, adopting the traditional tactic of blaming the most vulnerable for economic problems the most powerful have caused.

Robert Creamer: Why the Republicans Secretly Hate the Assimilation of Legal Immigrants

Well the debate is over and, if the Trump spectacle were not so dangerous, watching the Republicans devour each other in the shark tank would be fun. But America is more than a reality show, and the stakes are too high for pure enjoyment.

Wednesday night, in the “children’s table” warm up debate, Louisiana Governor Bobby Jindal joined the anti-immigrant fray with the memorable statement that “immigration without assimilation is an invasion.”

In fact, of course, the immigrant rights community has been organizing to make legal immigrants citizens for a long time. [..]

You’d think the “immigration without assimilation is an invasion” crowd would just love the push for legal permanent residents to become full fledged American citizens, but don’t bet on it.

That’s because citizens can vote.

And there is a growing movement brewing out there that is worth watching, enjoying, and actively supporting. That is the work being done in the immigrant communities through naturalization and voter registration that may teach the Republicans a lesson.

Dave Johnson: Still No Democratic Debates. What’s Going On?

The second Republican Presidential candidate debate is tonight. The ratings for the first one were through the roof and tonight’s is also expected to be a ratings blockbuster. People are interested and tuning in to the campaign and the Republicans are getting all the “eyeballs.”

Meanwhile there hasn’t been even a hint of a Democratic candidate debate. What’s going on? Why are the Democrats letting Republicans have the attention? Do they feel the party has nothing to offer – or something to hide?

“Just spell my name right.” It is basic marketing that any publicity is good publicity. [..]

Overall the entire Democratic Party would benefit from having many, many more televised debates. This time the Democrats have a strong message that resonates with the majority of the public. (Click here to see for yourself.) This time they have strong candidates. This timethey have the moral high ground.

And this time they aren’t letting the public know these things.

Why is the Democratic Party being so undemocratic? Why are they limiting the number of debates? Why are they trying to keep their candidates hidden from the public and letting the Republicans set the narrative?

The Breakfast Club (Real World)

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover  we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:30am (ET) to talk about current news and our boring lives and to make fun of LaEscapee! If we are ever running late, it’s PhilJD’s fault.

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This Day in History

A pivotal battle in the American Revolution; President James Garfield dies; Bruno Hauptmann arrested in the Lindbergh baby case; Unabomber’s manifesto published; ‘Mary Tyler Moore Show’ premieres.

Breakfast Tunes

Something to Think about over Coffee Prozac

It’s not that I’m so smart, it’s just that I stay with problems longer.

Albert Einstein

On This Day In History September 18

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 18 is the 261st day of the year (262nd in leap years) in the Gregorian calendar. There are 104 days remaining until the end of the year.

On this day in 1793, George Washington lays the cornerstone to the United States Capitol building, the home of the legislative branch of American government. The building would take nearly a century to complete, as architects came and went, the British set fire to it and it was called into use during the Civil War. Today, the Capitol building, with its famous cast-iron dome and important collection of American art, is part of the Capitol Complex, which includes six Congressional office buildings and three Library of Congress buildings, all developed in the 19th and 20th centuries.

As a young nation, the United States had no permanent capital, and Congress met in eight different cities, including Baltimore, New York and Philadelphia, before 1791. In 1790, Congress passed the Residence Act, which gave President Washington the power to select a permanent home for the federal government. The following year, he chose what would become the District of Columbia from land provided by Maryland. Washington picked three commissioners to oversee the capital city’s development and they in turn chose French engineer Pierre Charles L’Enfant to come up with the design. However, L’Enfant clashed with the commissioners and was fired in 1792. A design competition was then held, with a Scotsman named William Thornton submitting the winning entry for the Capitol building. In September 1793, Washington laid the Capitol’s cornerstone and the lengthy construction process, which would involve a line of project managers and architects, got under way.

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

Michael Winship: Congress Is a Confederacy of Dunces

Already we’re deep into September and Congress has reconvened in Washington, prompting many commentators to compare its return after summer’s recess to that of fresh-faced students coming back to school, sharpening their pencils, ready to learn, be cooperative and prepared for something new.

This, of course, is where the analogy crumbles.

For this particular Congress to cooperate and do something new would require a miracle on the order of loaves and fishes — perhaps Pope Francis can do something about that when he’s on the Hill next week. His Holiness may be the only hope.

What’s happening is just the latest virulent iteration of the strategy with which the Republicans have infected Congress from the night Barack Obama became president. Make governing impossible (as the old P.J. O’Rourke saying goes, “The Republicans are the party that says government doesn’t work and then they get elected and prove it.”). Shut down democracy, if that’s what it takes. Keep from happening anything that helps and protects the 99 percent or threatens the plutocracy.

Linda Sarsour: Ahmed Mohamed is just one example of the bigotry American Muslims face

Parents like me send our children to school every weekday morning entrusting the adults there to educate them and to cultivate, encourage and promote innovation and creativity among them. More importantly, I trust that my children are protected from any harm – not arrested and interrogated without my presence or that of an attorney by law enforcement officers for trying to intellectually impress the very adults we ask them to trust and with whom they spend most of their days. [..]

But as much as I am outraged at the treatment this young boy endured, I’m dumbfounded at the ignorance of the adults in his school including the police who literally cannot tell the difference between a clock, a bomb and a “fake bomb”, let alone the kind of kid who might bring any of the above. What message does Ahmed’s treatment by his own teachers send to American Muslim students, aspiring inventors, innovators and engineers? We have spent billions of dollars promoting the math and sciences in schools across the United States – but I guess the people who designed those outreach efforts didn’t mean for Muslim kids to take the bait.

The only plausible explanation for a teacher at a school chartered for innovation to respond to a student’s invention with incarceration is that the student was Sudanese American and Muslim, and the teacher, like many Americans, had been saturated with anti-Muslim bigotry and Islamophobia.

Michelle Goldberg: Judging by Last Night’s Debate, the GOP Race Is Only Getting Crazier

Even if Donald Trump goes away, the Republican Party isn’t climbing out of the fever swamps anytime soon.

Luckily for the GOP, most people had probably tuned out by the time last night’s interminable Republican debate hit the two hour and 50 minute mark, when it reached peak craziness. That was when Donald Trump repeated his claim that childhood vaccines cause autism, invoking an employee’s child who “went to have the vaccine and came back and a week later got a tremendous fever, got very, very sick, now is autistic.”

This would have been a good time for someone on the stage to stand up for reality, on an issue where they could count on some degree of conservative support. After all, in a recent poll,

After all, in a recent poll, 57 percent of self-described conservatives said that kids whose parents refuse vaccination shouldn’t be allowed to attend public school. One would think there would be ideological space for someone to whack Trump for parroting left-leaning B-list entertainers like Jenny McCarthy. Instead, the exchange left viewers with the sense that everyone on stage thought Trump had a point. [..]

What is clear, however, is that even if Trump goes away, the Republican Party isn’t climbing out of the fever swamps anytime soon. There were two figures on stage who made occasional gestures towards rationality. Rand Paul criticized militarism and the war on drugs. John Kasich came out against shutting down the government over Planned Parenthood, and insisted that it’s not realistic to promise to tear up the Iran nuclear agreement on day one of a new administration. In a CNN poll taken shortly before the debate, their combined support was 5%. Nothing that happened last night seems likely to change that.

Amy B. Dean: Universal pre-K is the next great public policy crusade

High-quality pre-kindergarten should concern everyone – not just liberals

A clear majority of Americans agree: high-quality preschool should be guaranteed by the public, just as our primary and secondary schools are. It’s an idea that Democrats are hoping to add to their legacy – something to stand along aside Social Security, Medicaid, Medicare and the Earned Income Tax Credit as lasting institutions in American life. But it’s also a policy that even business-minded Republicans have reason to support. Not only does it provide a cost-effective educational intervention for our kids; it also gives their parents the freedom to participate in the job market.

On July 7, Senator Bob Casey of Pennsylvania introduced legislation to Congress proposing state-run pre-kindergarten programs that would be freely available to families earning less than $48,000 a year. Unfortunately, Casey’s bill, which was an amendment to No Child Left Behind, has stalled on Capitol Hill. However, at the state level, several Republican governors have already gotten behind their own proposals, creating bipartisan support for an issue whose time has come.

Robert Reich: Why We Must Fight the Attack on Planned Parenthood

On Thursday, right-wing extremists in the U.S. House of Representatives will vote to try to defund Planned Parenthood, one of the nation’s largest providers of women’s health care and family planning services.

Planned Parenthood is under attack and it’s up to all of us to fight back. Any society that respects women must respect their right to control their own bodies. There is a strong moral case to be made for this — but this video isn’t about that. This is about the economics of family planning — which are one more reason it’s important for all of us to stand up and defend Planned Parenthood. [..]

Public investments in family planning — enabling women to plan, delay, or avoid pregnancy — make economic sense, because reproductive rights are also productive rights. When women have control over their lives, they can contribute even more to the economy, better break the glass ceiling, equalize the pay gap, and much more.

Jeb Lund: Donald Trump owns this election. All we can do is lean into the weirdness

If the 2012 presidential election was the first real internet election, this one seems destined to be the first viral one. The viral plane is one of pseudo-real, pseudo-crowdsourced, pseudo-communication, in which some “content” takes control of everyone’s consciousness despite the fact that few if any of us overtly care for or respect the thing. Virality is housed in a place beyond our objections, and saturates us all.

All of this is to say that this is the Trump election, whether he wins or not. Our politics is now simply a reality television show and a clickbait article mashed together, and it may be better for all of us, psychologically, if we just play along.

The structure of Wednesday’s debates reveals the truth of this thesis: it was a two-tiered phenomenon of pseudo-elimination created by the pseudo-metrics of polling, which is dependent less on any rigor about the subjects’ engagement with policy and far more on their reactive engagement with whatever’s flared up and infected us all digitally.

On This Day In History September 17

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September is the 260th day of the year (261st in leap years) in the Gregorian calendar. There are 105 days remaining until the end of the year.

On September 17, 1787, the Constitution was signed. As dictated by Article VII, the document would not become binding until it was ratified by nine of the 13 states. Beginning on December 7, five states–Delaware, Pennsylvania, New Jersey, Georgia, and Connecticut–ratified it in quick succession. However, other states, especially Massachusetts, opposed the document, as it failed to reserve undelegated powers to the states and lacked constitutional protection of basic political rights, such as freedom of speech, religion, and the press. In February 1788, a compromise was reached under which Massachusetts and other states would agree to ratify the document with the assurance that amendments would be immediately proposed. The Constitution was thus narrowly ratified in Massachusetts, followed by Maryland and South Carolina. On June 21, 1788, New Hampshire became the ninth state to ratify the document, and it was subsequently agreed that government under the U.S. Constitution would begin on March 4, 1789. In June, Virginia ratified the Constitution, followed by New York in July.

On September 25, 1789, the first Congress of the United States adopted 12 amendments to the U.S. Constitution–the Bill of Rights–and sent them to the states for ratification. Ten of these amendments were ratified in 1791. In November 1789, North Carolina became the 12th state to ratify the U.S. Constitution. Rhode Island, which opposed federal control of currency and was critical of compromise on the issue of slavery, resisted ratifying the Constitution until the U.S. government threatened to sever commercial relations with the state. On May 29, 1790, Rhode Island voted by two votes to ratify the document, and the last of the original 13 colonies joined the United States. Today, the U.S. Constitution is the oldest written constitution in operation in the world.

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.

Wednesday is Ladies’ Day.

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

Follow us on Twitter @StarsHollowGzt

Katrina vanden Heuvel: Hawks Aren’t Giving the Iran Deal a Chance

Bellicose posturing too often ends up isolating the United States-and undermining our security.

The Iran nuclear agreement-characterized by The Washington Post‘s editorial board as the “most consequential US diplomatic agreement in decades”-will go forward, as all but four Senate Democrats rallied to fend off Republican efforts to torpedo it. The difficult and concrete achievement of diplomatic compromise has overcome the vacuous fantasies of military bluster. The question now is: What comes next?

Led by the early support of presidential candidates Hillary Clinton, Senator Bernie Sanders (I-Vt.) and Martin O’Malley and pressured by grass-roots activists, Democrats in the House and Senate lined up to defend the agreement (with a notable exception of Senator Charles Schumer of New York, who aspires to lead the very caucus he abandoned).

But now, opponents and supporters threaten to hamstring it at birth. Instead of building on the agreement to explore new areas of cooperation, the administration and its critics are pivoting quickly to threatening Iran in anticipation of it cheating on the agreement. While the agreement calls for lifting multilateral sanctions focused on foreign companies, most US sanctions against Iran will remain in place. The administration and senators of both parties are now proposing new sanctions and military maneuvers to ratchet up the pressure on Iran. Not surprisingly, that has precipitated a harsh reaction from Supreme Leader Ayatollah Ali Khamenei. This could quickly snatch defeat from the hands of victory, foreclosing any broader transformation of US-Iranian relations and locking the United States into a continuation of its failed Middle East strategy.

Bianca Jagger: President Obama’s Mortal Sin

President Obama’s approval of Shell’s Arctic oil drilling has tarnished his environmental legacy.

President Obama is the first incumbent US President to cross the Arctic Circle. The purpose of his expedition was to “witness first-hand the impact of climate change on the region” and to announce new measures to address it. Speaking at the Glacier climate summit in Anchorage Obama recognised the role of the US “in creating this problem.” He also stated “we embrace our responsibility to help solve it” because failure to do so will “condemn our children to a planet beyond their capacity to repair.” Yet less than one month ago his administration gave the green light to Shell to drill for oil in the Arctic.

President Obama must know that it is impossible to protect the Arctic while allowing Shell to drill for oil 70 miles off the coast of Alaska. He cannot have it both ways. His policies and proclamations are irreconcilable.

Phyllis Bennis: What America Owes the Refugees Pouring Into Europe

Here’s how the U.S. can leverage its wealth, safety, and diplomacy to serve the refugees it helped to create.

The vision of hundreds of thousands of desperate human beings fleeing airstrikes, terror, and violence from Syria, Iraq, Afghanistan, Libya, and beyond has brought the stark human cost of today’s “anti-terror” wars to the front pages. The heart-breaking photo of one small boy, still clad in a “red shirt, blue jeans, and little sneakers,” as a now-viral poem goes, washed up on the Turkish shore, has brought the horror of that stark reality into our hearts.

Indeed, the refugee crisis growing out of the multi-faceted Syrian war and others is now a full-blown global emergency. It’s not only an emergency because it’s now reaching Europe. It’s an emergency several years in the making as conditions have deteriorated throughout the Middle East and North Africa. In addition to Syria, refugees are also pouring into Europe – or dying as they try – from Libya, Afghanistan, Eritrea, Bangladesh, and beyond.

But it’s the war in Syria – now involving a host of regional, sectarian, and global actors all fighting their own wars to the last Syrian – that lies at the bloody center of the current crisis. And here the United States bears no small responsibility.

Jessica Valenti: Many shootings are not called by their proper name: domestic violence

A shooting this week in Mississippi – where a teacher at Delta State University allegedly shot and killed his live-in partner and another professor – has been called a shooting spree and a “love triangle”. What we haven’t really heard it called, however, is perhaps the most important descriptor: domestic violence.

Shannon Lamb, the alleged killer, is believed to have killed Amy Prentiss, the woman he lived with, and a colleague, professor Ethan Schmidt. Lamb was later found dead, apparently from a self-inflicted gun wound.

No matter what police eventually determine that the motive was, this is domestic violence. And until we start talking seriously about the intersection of gun violence and intimate partner violence, we will continue to watch as murders – many of them preventable – are perpetrated again and again.

Jess Zimmerman: What if the mega-rich just want rocket ships to escape the Earth they destroy?

The early capitalists once had to breathe the air that they polluted in pursuit of their wealth. Now, perhaps, they can escape it by leaving the planet

Amazon founder Jeff Bezos is the latest tech billionaire to invest his money in spaceships: on Tuesday, he debuted his space travel company Blue Origin’s newest rocket. Now, those who want to cruise the galaxy can choose between the sleek new rocket and the stubbier model Bezos announced in April – or they can opt to ride with Tesla founder Elon Musk on a SpaceX ship, or hop on Richard Branson’s Virgin Galactic.

At this rate, would-be space travelers will be able to choose their favorite tech company, find its richest guy and buy a ticket on his craft of choice. Why does everyone who achieves economic dominance over the planet immediately turn around and try to get off it?

Katie Halper: Are Colbert’s New Politics Softer, or Just More Subtle?

A political comedian reviews the first of the new Late Show.

It was a no-brainer that Stephen Colbert as The Late Show host would be less politically edgy or hard hitting than he was on The Colbert Report. After all, The Colbert Report was arguably the most relentlessly, fiercely political, and, dare I say, partisan (in a good way) television show ever. Because Colbert never broke character, nearly every sentence he uttered was a political statement in which he simultaneously mocked right-wing values, or lack thereof, and implicitly advanced his own humanism and progressive political orientation. As Colbert explained in his Late Show debut, “I used to play a narcissistic conservative pundit-now I’m just a narcissist.”

But it’s not just that he’s taken off the character mask. Colbert has gone from cable to a major network. Cable is always less restricting than network television, but on top of that, Comedy Central, a channel dedicated exclusively to, well, comedy, is especially irreverent. Strong political opinions aren’t as tolerated on network television, which is why NBC (the network) has MSNBC (the cable channel) and Fox (the network) has Fox News (the cable channel). (I’m in no way equating MSNBC and Fox News, by the way-Fox News is a lot further from the center and from the facts than its so-called liberal counterpart.)

So, given these limitations, how did Stephen Colbert as political critic fare this past week? As expected, the first week of the show revealed a more politically restrained Colbert, and even some clichéd bipartisan statements and gestures. But given the new context, he managed to keep the show’s politics fairly pointed. And maybe, just maybe, his more bipartisan tone will prove to be a strategic way for him to deliver his more politically daring messages. A girl can dream.

The Breakfast Club (Rock Me Baby)

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover  we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:30am (ET) to talk about current news and our boring lives and to make fun of LaEscapee! If we are ever running late, it’s PhilJD’s fault.

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This Day in History

Vietnam War deserters and draft evaders receive conditional amnesty; Palestinian refugees massacred in Lebanon; Mexico pushes for independence; Opera star Maria Callas dies; Blues great B.B. King born.

Breakfast Tunes

Something to Think about over Coffee Prozac

You have to learn the rules of the game. And then you have to play better than anyone else.

Albert Einstein

On This Day In History September 16

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

September 16 is the 259th day of the year (260th in leap years) in the Gregorian calendar. There are 106 days remaining until the end of the year.

On this day in 1932, in his cell at Yerovda Jail near Bombay, Mohandas Karamchand Gandhi begins a hunger strike in protest of the British government’s decision to separate India’s electoral system by caste.A leader in the Indian campaign for home rule, Gandhi worked all his life to spread his own brand of passive resistance across India and the world. By 1920, his concept of Satyagraha (or “insistence upon truth”) had made Gandhi an enormously influential figure for millions of followers. Jailed by the British government from 1922-24, he withdrew from political action for a time during the 1920s but in 1930 returned with a new civil disobedience campaign. This landed Gandhi in prison again, but only briefly, as the British made concessions to his demands and invited him to represent the Indian National Congress Party at a round-table conference in London.

In 1932, through the campaigning of the Dalit leader B. R. Ambedkar, the government granted untouchables separate electorates under the new constitution. In protest, Gandhi embarked on a six-day fast in September 1932. The resulting public outcry successfully forced the government to adopt a more equitable arrangement via negotiations mediated by the Dalit cricketer turned political leader Palwankar Baloo. This was the start of a new campaign by Gandhi to improve the lives of the untouchables, whom he named Harijans, the children of God.

Punting the Pundits

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

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

Follow us on Twitter @StarsHollowGzt

Dean Baker: Lehman Day: Making Fun of the Second Great Depression Crowd

This week marks the 7th anniversary of the collapse of Lehman Brothers, the huge investment bank. This collapse set off the worldwide financial panic that brought Wall Street to its knees. The anniversary of this collapse, September 15th, is the day set aside to ridicule the people who warned of a second Great Depression (SGD) if the Treasury Department and the Federal Reserve Board didn’t rescue the Wall Street banks. [..]

There is no doubt that the initial downturn would have been more severe if the market was allowed to work its magic and put these banks out of business. But the question the SGD gang could never answer is how this collapse would prevent the government from boosting the economy immediately afterward? After all, then Federal Reserve Board Chair Ben Bernanke once ridiculed people who questioned the ability of the government to boost the economy, commenting the government “has a technology, called a printing press… .”

Rather than sitting through a decade of double-digit unemployment, why would Congress not pass a large stimulus package supported by aggressive monetary policy from the Fed? There certainly was no economic obstacle to this path. And the claim that political gridlock somehow would have prevented any stimulus flies in the face of history. Even Republicans have supported stimulus to counter economic slumps. For those too young to remember, the last such incident was the stimulus package signed by President George W. Bush in February of 2008, when the unemployment rate was 4.7 percent.

David Cay Johnston: New DOJ white-collar crime policy just reheated cabbage

We know how to fight corporate fraud, but Congress and the White House are unwilling to do what is necessary

After years of coddling corporate criminals, is Barack Obama’s Justice Department, under the leadership of new Attorney General Loretta Lynch, now serious about prosecuting corrupt individual bankers, executives and traders?

Will the disreputable practice of imposing big fines, which end up being paid by shareholders, be replaced by criminal charges against those who abused their positions?

The White House certainly wanted to create that impression last week when it gave a scoop to The New York Times, headlined “Justice Department sets sights on Wall Street executives,” based on a new memo by Deputy Attorney General Sally Yates.

The Times story was much more nuanced than the headline, but many other news organizations ran with the simplistic version, as so often happens. And hardly any reports noted, as my column did a few weeks ago, that federal prosecution of white-collar crime is at a 20-year low.

Sadly, don’t expect much to change, despite the alleged new policy. But don’t miss the real story here either: Bluster and magical thinking is supplanting the hard work of governing in America. Creating the appearance of tough law enforcement is the goal here, not justice.

Steven W. Thrasher: The Ferguson Commission won’t bring social change. Black Lives Matter will

It’s going to get a lot harder to pretend that the suffering in Ferguson, Michael Brown’s death and the explosive reaction after his shooting weren’t all about race now that the Ferguson Commission has bluntly written: “make no mistake: this is about race.” [..]

The commission’s assessments about structural racism in and around St Louis are direct and to the point. The commission acknowledged its own limitations, writing: “we do not know for certain if these calls to action are the answer. We can’t”. They wrote that, historically, commissions after riots have focused on “economic revitalization ‘to the exclusion of social issues, such as racial tension, segregation and discrimination”; this whitewashed over racism in an expedient, cowardly way. Citing political scientist Lindsey Lupo, the Ferguson Commission scolds previous commissions for (emphasis added).

“Arguing that our society has moved beyond race, thus the problems must be purely economic. But race remains at the root of the violence, as evidenced by its very inception with every riot studied here being the result of white law enforcement harming a black civilian.”

Luis Gallardo: The burden of paying back Puerto Rico’s debt should not fall on the island’s poor

In the wake of Governor Alejandro García’s June declaration that the Puerto Rican government’s $72bn public debt is unpayable – putting an end to the traditional practice of financing the government’s massive annual deficits and rampant spending through loans – citizen and labor groups have taken to the streets concerned that the burden of paying off the debt will fall disproportionately on the island’s poor, working and middle class residents.

The release last week of the Fiscal and Economic Growth Plan, the product of a special working group commissioned by the government, has not allayed their concerns. Though some of the measures – such as the simplification of tax codes and investment in energy infrastructure – are a necessary condition of reform and recovery, large corporations and the wealthy will wind up almost unscathed by the proposals. On the other hand, those least able to afford to pay the consequences of years of profligate government spending will have to tighten their belts.

Martin O’Neill: The unexpected rise of Jeremy Corbyn

Victory rebukes Blair third-way politics and British austerity policies

On the morning of Sept. 12, Jeremy Corbyn took to the stage for his victory speech at the Queen Elizabeth II Conference Centre in Westminster dressed like Greek Prime Minister Alexis Tsipras of Syriza. Wearing an open-neck shirt, a style favored by Europe’s new radical left, he addressed the crowd with a stark anti-austerity message.

“We don’t have to be unequal,” he said. “It does not have to be unfair. Poverty isn’t inevitable. Things can – and they will – change.”

This summer has seen an extraordinary transformation of the British Labour Party. This wave culminated in the party election of Corbyn, a veteran from its hard-left faction, as its new leader. Few outside Labour circles had even heard of the man even a few months ago.

While other European countries such as Spain and Greece have seen the rise of radical socialist alternatives to established parties of the center-left, in Britain the anti-austerity socialist surge has transformed Labour from the inside rather than displaced it. Nobody saw this coming, Corbyn included.

How did this happen? And what will be the consequences of Labour’s unexpected change of direction?

Alex Kane: It’s time for Israel to disarm

A nuke-free Israel will create a more stable Middle East

It’s September in New York: the start of a diplomatic marathon that will no doubt bring renewed attention to Israel’s nuclear weapons stockpile.

Since 1974, the United Nations General Assembly has passed a laudable Egyptian-sponsored resolution calling for the Middle East to become a nuclear weapons free zone each year. Starting five years later, the UN began repeatedly passing an Egyptian-authored resolution calling on Israel to join the Nuclear Non-Proliferation Treaty, under which it would disarm and place its nuclear materials under international inspection. But these resolutions are nonbinding, and the leading Arab state’s calls to focus on Israel’s arsenal of at least 80 nuclear warheads are usually ignored by Western powers.

That reality is unlikely to change this year. But it should.

The July signing of the Iran nuclear accord is certain to produce political clashes at the UN. Israeli Prime Minister Benjamin Netanyahu won’t be able to resist railing against the deal in front of the world. But the expected focus on the Iranian nuclear program makes the UN General Assembly, which opens its 70th session on Tuesday, the perfect opportunity to probe another nuclear program in the Middle East – one that has actually produced a weapon, unlike Iran’s.

The Breakfast Club (Summer Winds)

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover  we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:30am (ET) to talk about current news and our boring lives and to make fun of LaEscapee! If we are ever running late, it’s PhilJD’s fault.

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This Day in History

Four black girls killed in a church blast in Alabama; President George W. Bush vows massive rebuilding after Hurricane Katrina; Nazi Germany adopts Nuremberg laws; Agatha Christie and Oliver Stone born.

Breakfast Tunes

Something to Think about over Coffee Prozac

Freedom is nothing but a chance to be better.

Albert Camus

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