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”.

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

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

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

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

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

Why did S&P do it?

snip

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

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

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

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

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

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

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

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

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

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

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

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

Jim Hightower: America’s Real Job Creators Are Broke

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

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

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

Ray McGovern: They Died in Vain; Deal With It

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

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

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

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

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

On This Day In History August 8

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.

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August 8 is the 220th day of the year (221st in leap years) in the Gregorian calendar. There are 145 days remaining until the end of the year.

On this day in 1974, Richard M. Nixon becomes the first President to resign.

In an evening televised address, President Richard M. Nixon announces his intention to become the first president in American history to resign. With impeachment proceedings underway against him for his involvement in the Watergate affair, Nixon was finally bowing to pressure from the public and Congress to leave the White House. “By taking this action,” he said in a solemn address from the Oval Office, “I hope that I will have hastened the start of the process of healing which is so desperately needed in America.”

Just before noon the next day, Nixon officially ended his term as the 37th president of the United States. Before departing with his family in a helicopter from the White House lawn, he smiled farewell and enigmatically raised his arms in a victory or peace salute. The helicopter door was then closed, and the Nixon family began their journey home to San Clemente, California. Minutes later, Vice President Gerald R. Ford was sworn in as the 38th president of the United States in the East Room of the White House. After taking the oath of office, President Ford spoke to the nation in a television address, declaring, “My fellow Americans, our long national nightmare is over.” He later pardoned Nixon for any crimes he may have committed while in office, explaining that he wanted to end the national divisions created by the Watergate scandal.

Rant of the Week: Stephen Colbert

Stephen thanks his contributors to his Super PAC with a special call out to Suq Madiq, his dad, Liqa Madiq and his mom, who still uses her maiden name, Munchma Quchi. He did warn his affiliates he was going “low”.

On This Day In History August 7

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.

Click on images to enlarge

August 7 is the 219th day of the year (220th in leap years) in the Gregorian calendar. There are 146 days remaining until the end of the year.

The Northern Hemisphere is considered to be halfway through its summer and the Southern Hemisphere half way through its winter on this day.

On this day in 1947, Kon-Tiki, a balsa wood raft captained by Norwegian anthropologist Thor Heyerdahl, completes a 4,300-mile, 101-day journey from Peru to Raroia in the Tuamotu Archipelago, near Tahiti. Heyerdahl wanted to prove his theory that prehistoric South Americans could have colonized the Polynesian islands by drifting on ocean currents.

Heyerdahl and his five-person crew set sail from Callao, Peru, on the 40-square-foot Kon-Tiki on April 28, 1947. The Kon-Tiki, named for a mythical white chieftain, was made of indigenous materials and designed to resemble rafts of early South American Indians. While crossing the Pacific, the sailors encountered storms, sharks and whales, before finally washing ashore at Raroia. Heyerdahl, born in Larvik, Norway, on October 6, 1914, believed that Polynesia’s earliest inhabitants had come from South America, a theory that conflicted with popular scholarly opinion that the original settlers arrived from Asia. Even after his successful voyage, anthropologists and historians continued to discredit Heyerdahl’s belief. However, his journey captivated the public and he wrote a book about the experience that became an international bestseller and was translated into 65 languages. Heyerdahl also produced a documentary about the trip that won an Academy Award in 1951.

Punting the Pundits: Sunday Preview Edition

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

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

The Sunday Talking Heads:

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

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

A special interview with Gloria Steinem.

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

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

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

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

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

This might be a reason to turn on the TV

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

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

Glen Ford: Ruin-Nation: The Obama Catastrophe

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

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

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

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

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

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

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

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

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

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

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

Michael Winship: The New Era of Hostage Politics

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

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

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

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

Health and Fitness News

Welcome to the Stars Hollow Health and Fitness weekly diary. It will publish on Saturday afternoon and be open for discussion about health related issues including diet, exercise, health and health care issues, as well as, tips on what you can do when there is a medical emergency. Also an opportunity to share and exchange your favorite healthy recipes.

Questions are encouraged and I will answer to the best of my ability. If I can’t, I will try to steer you in the right direction. Naturally, I cannot give individual medical advice for personal health issues. I can give you information about medical conditions and the current treatments available.

You can now find past Health and Fitness News diaries here and on the right hand side of the Front Page.

Fruit Smoothies Without the Dairy

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Berry and Rose Geranium Smoothie

Fragrant rose geranium is very easy to grow in pots, and a little goes a long way.

Watermelon Mint Smoothie Watermelon Mint Smoothie

This smoothie tastes something like sweet mint tea blended with watermelon agua fresca. This smoothie tastes something like sweet mint tea blended with watermelon agua fresca.

Plum, Red Grape and Almond Smoothie

Red grapes and plums combine to make this smoothie delicious.

Fresh Fig and Date Shake

This thick, date-sweetened smoothie is a great source of energy.

Peach Vanilla Smoothie

This smoothie tastes a bit like peach ice cream, with a hint of vanilla.

Punting the Pundits

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

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

Click on images to enlarge

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

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

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

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

And they’ve succeeded.

Noam Chomsky: America in Decline

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

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

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

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

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

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

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

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

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

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

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

Robert Naiman: A Historic Opportunity to Cut Military Spending

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

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

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

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

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

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

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

Ray McGovern: Obama on the Backs of the Poor

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

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

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

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

Charles M. Blow: The Decade of Lost Children

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

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

snip

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

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

On This Day In History August 6

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.

Click on images to enlarge

August 6 is the 218th day of the year (219th in leap years) in the Gregorian calendar. There are 147 days remaining until the end of the year.

I wrote this one year ago. Today is the 10th Anniversary of George W. Bush dismissing the warning of an imminent terrorist attack. Osama bin Laden may be dead but his legacy continues with the US continued “war on terror”

On this day there have been many significant events. Certainly, one of the most memorable is that this is the anniversary of dropping of the first atomic bomb on Hiroshima, Japan. It is also the anniversary of President Johnson signing the Voting Rights Act.

Recent significant history that has been over looked by my usual sources is this: The August 6, 2001 Presidential Daily Briefing better known as the August 6th PDB. It was handed to President George W. Bush, who was on one of his many vacations to his home in Crawford, TX, by Harriet Miers, who was the President’s WH Council, and promptly ignored. Whether Bush ignored the warning that Osama bin Laden was planning to attack the US because he was told to let it happen or, the darker theory, that the government made it happen will never be known, at least not in the lifetime of those reading this. Whatever Bush’s motive was, it set off a series of events in this country that has affected us all and divided us like no other incident since the Civil War. The US has now been in Afghanistan for almost 9 years 10 years and Iraq for over seven eight and, despite the Democrats holding the White House and the majority in both houses of Congress, there is no end in site to those two wars. Despite campaign promises to restore the rule of law and the Constitution, the Obama administration has continued the most heinous of the Bush policies that are violations of not just US law but International Law, ratified treaties and agreements. A sad anniversary, indeed.

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”.

Robert Reich: The Republican’s Double-Dip, and What Must Be Done

John Boehner said Tuesday the Republicans got “90 percent of what we wanted” from the budget deal. So presumably he and his colleagues are willing to take responsibility for some 450 points of today’s mammoth 513-point drop in the Dow Jones Industrial Average.

I’m being a bit facetious – but only a bit. It’s always dangerous to read too much into one day’s move in the stock market.

Yet the stock sell-off – not just today’s, but that of the last days – cannot be easily dismissed. It marks Wall Street’s largest losing streak since 2008.

Republicans repeatedly assured the nation that once the debt-limit deal was done – capping spending, cutting the budget deficit, and getting “90 percent” of what they wanted – the economy would bounce back.

Just the opposite seems to be happening.

Call it the Republican’s double-dip recession.

Mark Weisbrot: What Everyone Should Know About the “Debt Crisis” in the U.S.

There was never any chance that the U.S. would actually default on its debt. The whole “crisis” was manufactured from the beginning, with Republicans in the House of Representatives using a technicality to win unpopular spending cuts that they could not win at the ballot box. It worked: They got an agreement that promises large spending cuts without any tax increases on America’s rich or super-rich, who have vastly increased their share of the national income over the past three decades.

The right won because President Obama chose to collaborate with them, also seeking to take advantage of the manufactured “crisis” to implement cuts that offended and hurt the people who voted for him. Of course he also wanted to increase taxes on the rich, but because he had accepted the legitimacy of the Republicans’ extortion, he lost that too.

New York Times Editorial: End the Debt Limit

It has long been clear that the federal debt limit is far too dangerous and unstable for lawmakers to use as a political weapon. Allowing that to happen in the last few traumatic weeks created an artificial national crisis that put the economy and the savings of Americans at risk and helped produce a loss of confidence that lingered as a cause of Thursday’s stock-market plunge.

None of that, however, has stopped Republican leaders, who announced this week that they intend to repeat this explosive episode over and over, in perpetuity. With the bad memory still fresh, President Obama should quickly seize the opportunity to make clear that he will not allow it even once more, never mind permanently. Instead of raising the debt ceiling every few years, it’s time to eliminate this dangerous game once and for all.

David Sirota: The Bizarro FDR

Barack Obama is a lot of things-eloquent, dissembling, conniving, intelligent and above all, calm. But one thing he is not is weak.

This basic truth is belied by the meager Obama criticism you occasionally hear from liberal pundits and activists. They usually stipulate that the president genuinely wants to enact the progressive agenda he campaigned on, but they gently reprimand him for failing to muster the necessary personal mettle to achieve that goal. In this mythology, he is “President Pushover,” as New York Times columnist Paul Krugman recently labeled him.

This storyline is a logical fallacy. Most agree that today’s imperial presidency almost singularly determines the course of national politics. Additionally, most agree that Obama is a brilliant, Harvard-trained lawyer who understands how to wield political power.

Danny Schechter: As the Dog Days of Summer Approach, Politicians Rest Before Returning to the Fray. The Political War Will Continue

Now that the debt drama is over for the moment, we can all safely retreat in what was once called the “Dog Days Of Summer” and chill out if the volatile weather allows us to. We can think back to that old song, “Summer time and the living is easy” even as we all know that for millions “the living” is anything but.

The House and Senate have become ghost-like chambers because all its members, so filled with strident indignation and inflexible talking points just a week ago, are now off on their paid vacations hyping their political war stories to grandchildren.

Imbued with a sense of triumph, the Tea Party is huddling to come up with ongoing tactics to hold the system hostage while the party leaders plan the new “Super committee” with 12 chosen acolytes (how Biblical, that number 12!) to map the next round of fiscal blood-lettering.

Stanley Kutler: Say It Ain’t So, O!

When Barack Obama began his quest for the presidency more than three years ago, admirers and many opponents alike conceded he was smart, tough and articulate. Well, we are left with one out of three.

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One critic, with an eye to history, suggested that Obama declare himself a moderate Republican and seek the nomination of both parties just as in 1820 when James Monroe ran as the only candidate. Then we might replay the “Era of Good Feelings”-which was anything but-with Obama synthesizing Herbert Hoover, Ronald Reagan and Bill Clinton. What political genius!

Joseph S. Nye, Jr.The Right Way to Trim

THE recent debt deal will slash the defense budget over the next decade. And if Congress can’t agree on an additional $1.5 trillion in cuts, the law’s “trigger mechanism” will lead to deeper reductions in military spending. The initial cuts will not imperil America’s national security, but the deeper cuts could.

The administration of George W. Bush nearly doubled the defense budget following 9/11. With the winding down of Mr. Bush’s two wars, we could cut our ground forces to 1990s levels, reduce the planned purchases of F-35 Joint Strike Fighters, make greater use of cheaper drones and other technologies, and deal with the escalating costs of the defense health care system – without serious damage to national security. Indeed, President Obama’s budget had already planned for $400 billion in defense savings by 2023.

On This Day In History August 5

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.

Click on images to enlarge

August 5 is the 217th day of the year (218th in leap years) in the Gregorian calendar. There are 148 days remaining until the end of the year.

On this day in 1957, American Bandstand goes national

Television, rock and roll and teenagers. In the late 1950s, when television and rock and roll were new and when the biggest generation in American history was just about to enter its teens, it took a bit of originality to see the potential power in this now-obvious combination. The man who saw that potential more clearly than any other was a 26-year-old native of upstate New York named Dick Clark, who transformed himself and a local Philadelphia television program into two of the most culturally significant forces of the early rock-and-roll era. His iconic show, American Bandstand, began broadcasting nationally on this day in 1957, beaming images of clean-cut, average teenagers dancing to the not-so-clean-cut Jerry Lee Lewis’ “Whole Lotta Shakin’ Goin’ On” to 67 ABC affiliates across the nation.

The show that evolved into American Bandstand began on Philadephia’s WFIL-TV in 1952, a few years before the popular ascension of rock and roll. Hosted by local radio personality Bob Horn, the original Bandstand nevertheless established much of the basic format of its later incarnation. In the first year after Dick Clark took over as host in the summer of 1956, Bandstand remained a popular local hit, but it took Clark’s ambition to help it break out. When the ABC television network polled its affiliates in 1957 for suggestions to fill its 3:30 p.m. time slot, Clark pushed hard for Bandstand, which network executives picked up and scheduled for an August 5, 1957 premiere.

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