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thinkahol *

US Uncut's Anti-Austerity Protests Hit Bank of America - 0 views

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    As a voice at the megaphone of the Portland protest said, "The United States does not have a deficit problem. The United States has a revenue problem." According to a 2008 report by the Government Accountability Office, 25 percent of the biggest corporations pay no federal income tax. B of A, the recipient of $45 billion in bailout funds, shuttles its would-be tax dollars into 115 offshore tax havens. Meanwhile, budget deficits are cited as justification for pay freezes for public workers and cuts to heating assistance programs, Social Security, and other social safety nets.
thinkahol *

What "Free Trade" Has Cost The World - 0 views

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    If you take a job away from someone who is paid a reasonable wage because they enjoy the protections and prosperity of democratic government, move it across a border, and give it to someone living under a thugocracy, forced to work for pennies with no protections whatsoever, it should be just plain obvious that the worker on our side of the border and the worker on the other side of the border are not going to be better off. And when you do this on a massive scale it just stands to reason that most people on both sides of the border are going to be worse off. But propaganda being what it is we were somehow convinced to try a worldwide experiment in taking good jobs from democracies and turning them into bad jobs in thugocracies. Now, of course, the experiment has run its course and we can see the results.
thinkahol *

GOP Plan to Run Fake Democratic Candidates | Truthout - 0 views

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    Madison, Wisconsin - The gears of government tend to grind slowly. But in Wisconsin lately they are racing at turbocharged speed. In just the last few weeks, Gov. Scott Walker, a Republican, has signed legislation to require voters to show photo identification cards at the polls and to deregulate elements of the telecommunications industry. And the Republican-dominated Legislature is now in the midst of advancing provisions to expand school vouchers, to allow people to carry concealed weapons, to cut financing for Planned Parenthood and to bar illegal immigrants from paying in-state tuition at Wisconsin's universities. Why the urgency? Republicans, who suddenly swept into control of this Capitol in last fall's elections, face a deadline of sorts. Though the lawmakers insist that their hurry-up offense is just living up to campaign promises, there is a threat looming: They are at risk of losing their newly won majority in the State Senate as early as next month. New, special elections are expected in as many as nine Senate districts (six of which are now held by Republicans) as part of the largest recall effort against state lawmakers in Wisconsin's history - an effort that grew out of yet another controversial measure Republicans pushed through this spring, a sharp reduction to collective bargaining rights for public workers.
thinkahol *

American Democracy Beyond Casino Capitalism and the Torture State | Truthout - 0 views

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    With all due respect to Charles Dickens, it appears to be the worst of times for public and higher education in America, if not democracy itself; public schools are increasingly viewed as a business and are prized above all for customer satisfaction and efficiency, while largely judged through the narrow lens of empirical accountability measures. When not functioning as an adjunct of corporate value or a potentially lucrative for-profit investment, public schools are reduced to containment centers, holding institutions designed to largely punish young people marginalized by race and class.
thinkahol *

Is This the Way the World Ends? | Truthout - 0 views

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    The world is not, however, out of the woods if you read Peter Nolan's superb book, "Crossroads: The End of Wild Capitalism and the Future of Humanity." Nolan's thesis is that unrestrained capitalism, its extremes and its contradictions, have put China, the United States and the world of Islam on a collision course that gives the world "the choice of no choice." Either these three models of culture and capitalism will find constructive engagement, or the world as we know it is in extreme peril - either from economic instability and social reaction, military conflict, or environmental destruction, or all of the above.
thinkahol *

So This Is Despair | Truthout - 0 views

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    It is difficult to describe this emotion. I'm used to disappointment, fairly comfortable with heartbreak, and am well acquainted with rage. Over the course of my lifetime, my presidents have been Nixon, Ford, Carter, Reagan, Bush, Clinton, Bush, and now Obama…and each, in his own way, has been worse than the last.
thinkahol *

The Bizarro FDR | Truthout - 0 views

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    Obama is not a flaccid Jimmy Carter, as some of his critics insist. He is instead a Franklin Delano Roosevelt -- but a Bizarro FDR. He has mustered the legislative strength of his New Deal predecessor, but he has channeled that strength into propping up the very forces of "organized money" that FDR once challenged.
thinkahol *

Lowering America's War Ceiling? | Truthout - 0 views

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    On July 25th, for instance, while John Boehner raced around the Capitol desperately pressing Republican House members for votes on a debt-ceiling bill that Harry Reid was calling dead-on-arrival in the Senate, America's new ambassador to Afghanistan, Ryan Crocker, took his oath of office in distant Kabul.  According to the New York Times, he then gave a short speech "warning" that "Western powers needed to 'proceed carefully'" and emphasized that when it came to the war, there would "be no rush for the exits." If, in Washington, people were rushing for those exits, no chance of that in Kabul almost a decade into America's second Afghan War.  There, the air strikes, night raids, assassinations, roadside bombs, and soldier and civilian deaths, we are assured, will continue to 2014 and beyond.  In a war in which every gallon of gas used by a fuel-guzzling US military costs $400 to $800 to import, time is no object and -- despite the panic in Washington over debt payments -- neither evidently is cost.
thinkahol *

Ransom Paid | Truthout - 0 views

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    Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.
thinkahol *

PolitiFact | Obama says stimulus is responsible for 2 million jobs saved or created - 0 views

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    "So far, the Recovery Act is responsible for the jobs of about 2 million Americans who would otherwise be unemployed. ... [And] the Recovery Act is on track to save or create another 1.5 million jobs in 2010."
thinkahol *

Is the Corporate Media Still Censoring Stories? | Truthout - 0 views

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    Project Censored has an illustrious history of drawing attention to stories that the mainstream press overtly censors or ignores through a corporate media culture that dismisses the existence of topics that threaten the status quo. The organization also promotes media literacy by educating the public about strategies that are used to disseminate misinformation and propaganda. With the forthcoming publication of the newest edition of Project Censored, Truthout interviewed long-time project Director Peter Phillips and current Director Mickey Huff to gain a sense how this project began, and how it intends to continue making an impact in a constantly transforming media landscape.
thinkahol *

Goodbye to All That: Reflections of a GOP Operative Who Left the Cult | Truthout - 0 views

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    A couple of years ago, a Republican committee staff director told me candidly (and proudly) what the method was to all this obstruction and disruption. Should Republicans succeed in obstructing the Senate from doing its job, it would further lower Congress's generic favorability rating among the American people. By sabotaging the reputation of an institution of government, the party that is programmatically against government would come out the relative winner.
William Green

Republicans denying the truth! - 0 views

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    Officials' dismay at the now famed outburst was uniform. The cyberspace reaction, not so. Two words from one guy.
Bakari Chavanu

Socialism Today - Capitalism: costing the earth - 0 views

  • THE 2007 STATEMENT from the United Nation’s climate panel, the IPCC, that the average temperature on earth must not rise more than two degrees Celsius (3.6 degrees Fahrenheit) over pre-industrial levels or an incalculable disaster will take place, was a powerful reminder of the nature of the problem.
  • The main reason is that as the oceans warm up they lose the ability to absorb carbon dioxide. Another horrific truth is that there is more carbon beneath the permafrost of the polar regions than in the entire atmosphere. Experts say that if the emissions of carbon dioxide, sulphate and nitrogen dioxide continue as they are today, this bomb will explode within the next 100 years.
  • Does this mean that emissions are dropping? Not at all. So what does this trade mean in practice? An Oxford academic who studied the scheme, Adam Bumpus, concluded that "this regulation is ultimately there to facilitate the markets – it’s not about making cheap reductions, it’s about making a lot of money"
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  • Therefore, so the theory goes, the buyer pays to emit greenhouse gases while the seller is rewarded for having reduced emissions by more than their quota. There is only one problem. It does not work like that.
  • The market always chooses the easiest means to save a given quantity of carbon in the short term, regardless of what action is needed for long-term reduction. The result is that the system reinforces technological lock-in. For instance, small cuts may often be achieved cheaply through making a technology a little bit more efficient, whereas larger cuts would require massive investments in new technology.
  • The problem with most of the established green organisations is that they seek mechanisms, such as emissions markets, green taxes, green laws or other technical fixes to the problem of polluting fat cats.
  • The carbon trade system is bad in itself. But the fact that governments or other capitalist controlled bodies allocated the emissions permits in the first place, the logic of the market meant that they handed out too many permits out of fear of being in a disadvantage with competing capitalist powers. Today, there are more permits in circulation than there is capacity to pump out greenhouse gases!
  • MANY CDMS ARE about dams. The push for mega-dams has been justified by both development banks and multinationals as being necessary for the development of Africa and to combat carbon emissions. While governments, such as the US, Britain and China, announce mighty plans to electrify Africa, and other ‘aid’ schemes, the companies set in action the Boot model – Build, Own, Operate and Transfer – emptying the rivers of Africa to feed the growing energy needs of Europe, etc. And it is a very lucrative business when they can earn more carbon emission credits in the process. Large dams provide electricity for multinational companies, water for mining, and irrigation for large-scale foreign-owned farms.
  • In a study of 50 dams in Africa, professor Thayer Scudder, formerly the leading resettlement consultant for the World Bank, found that landlessness affected 86% and joblessness 80% of the displaced people. Lack of food security impacted on 79% of the people displaced by these ‘green dams’.
Bakari Chavanu

Capitalism's Self-inflicted Apocalypse - 0 views

  •  The present economic crisis, however, has convinced even some prominent free-marketeers that something is gravely amiss. Truth be told, capitalism has yet to come to terms with several historical forces that cause it endless trouble: democracy, prosperity, and capitalism itself, the very entities that capitalist rulers claim to be fostering.
  • Some eighty  years ago Supreme Court Justice Louis Brandeis commented, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Moneyed interests have been opponents not proponents of democracy.
  • In the early days of the Republic the rich and well-born imposed property qualifications for voting and officeholding. They opposed the direct election of candidates (note, their Electoral College is still with us). And for decades they resisted extending the franchise to less favored groups such as propertyless working men, immigrants, racial minorities, and women.
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  • The conservative plutocracy also seeks to rollback democracy’s social gains, such as public education, affordable housing, health care, collective bargaining, a living wage, safe work conditions, a non-toxic sustainable environment; the right to privacy, the separation of church and state, freedom from compulsory pregnancy, and the right to marry any consenting adult of one’s own choosing.
  • About a century ago, US labor leader Eugene Victor Debs was thrown into jail during a strike. Sitting in his cell he could not escape the conclusion that in disputes between two private interests, capital and labor, the state was not a neutral arbiter. The force of the state--with its police, militia, courts, and laws—was unequivocally on the side of the company bosses.
  • Any nation that is not “investor friendly,” that attempts to use its land, labor, capital, natural resources, and markets in a self-developing manner, outside  the dominion of transnational corporate hegemony, runs the risk of being demonized and targeted as “a threat to U.S. national security.”
  • Most of the world is capitalist, and most of the world is neither prosperous nor particularly democratic. One need only think of capitalist Nigeria, capitalist Indonesia, capitalist Thailand, capitalist Haiti, capitalist Colombia, capitalist Pakistan, capitalist South Africa, capitalist Latvia, and various other members of the Free World--more accurately, the Free Market World.
  • Corporate investors prefer poor populations. The poorer you are, the harder you will work—for less. The poorer you are, the less equipped you are to defend yourself against the abuses of wealth.
  • In the corporate world of “free-trade,” the number of billionaires is increasing faster than ever while the number of people living in poverty is growing at a faster rate than the world’s population. Poverty spreads as wealth accumulates.
  • To the extent that life is bearable under the present U.S. economic order, it is because millions of people have waged bitter class struggles to advance their living standards and their rights as citizens, bringing  some measure of humanity to an otherwise heartless politico-economic order.
  • There is a third function of the capitalist state seldom mentioned. It consists of preventing the capitalist system from devouring itself.  Consider the core contradiction Karl Marx pointed to: the tendency toward overproduction and market crisis. An economy dedicated to speedups and wage cuts, to making workers produce more and more for less and less, is always in danger of a crash. To maximize profits, wages must be kept down. But someone has to buy the goods and services being produced. For that, wages must be kept up. There is a chronic tendency—as we are seeing today—toward overproduction of private sector goods and services and underconsumption of necessities by the working populace. 
  • Instead of trying to make money by the arduous task of producing and marketing goods and services, the marauders tap directly into the money streams of the economy itself. During the 1990s we witnessed the collapse of an entire economy in Argentina when unchecked free marketeers stripped enterprises, pocketed vast sums, and left the country’s productive capacity in shambles. The Argentine state, gorged on a heavy diet of free-market ideology, faltered in its function of saving capitalism from the capitalists.
  • These thieves were caught and convicted. Does that not show capitalism’s self-correcting capacity? Not really. The prosecution of such malfeasance— in any case coming too late—was a product of democracy’s accountability and transparency, not capitalism’s. Of itself the free market is an amoral system, with no strictures save caveat emptor.
  • Perhaps the premiere brigand was Bernard Madoff. Described as “a longstanding leader in the financial services industry,” Madoff ran a fraudulent fund that raked in $50 billion from wealthy investors, paying them back “with money that wasn’t there,” as he himself put it. The plutocracy devours its own children.
  • The classic laissez-faire theory is even more preposterous than Greenspan made it.  In fact, the theory claims that everyone should pursue their own selfish interests without restraint.
  • Capitalism breeds the venal perpetrators, and rewards the most unscrupulous among them.  The crimes and crises are not irrational departures from a rational system, but the converse: they are the rational outcomes of a basically irrational and amoral system.
  • Worse still, the ensuing multi-billion dollar government bailouts are themselves being turned into an opportunity for pillage. Not only does the state fail to regulate, it becomes itself a source of plunder, pulling vast sums from the federal money machine, leaving the taxpayers to bleed.
  • But the 2008-09 “rescue operation” offered a record feed at the public trough. More than $350 billion was dished out by a right-wing lame-duck Secretary of the Treasury to the biggest banks and financial houses without oversight--not to mention the more than $4 trillion that has come from the Federal Reserve.  Most of the banks, including JPMorgan Chase and Bank of New York Mellon, stated that they had no intention of letting anyone know where the money was going.
  • In sum, free-market corporate capitalism is by its nature a disaster waiting to happen.
  • If the paladins of Corporate America want to know what really threatens “our way of life,” it is their way of life, their boundless way of pilfering their own system, destroying the very foundation on which they stand, the very community on which they so lavishly feed.
thinkahol *

I Remember America | Truthout - 0 views

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    Ac­cord­ing to the Wall Street Journ­al: In a speech Wed­nesday, Mr. Obama will pro­pose cuts to en­tit­le­ment pro­grams, in­clud­ing Medicare and Medicaid, and chan­ges to Soci­al Secur­ity, a dis­cuss­ion he has lar­ge­ly left to De­moc­rats and Re­pub­licans in Con­gress. He also will call for tax in­creases for peo­ple mak­ing over $250,000 a year, a pro­pos­al con­tained in his 2012 bud­get, and chang­ing parts of the tax code he thinks be­nefit the wealthy. Until now, Mr. Obama has been lar­ge­ly ab­sent from the rag­ing de­bate over the long-term de­ficit. The White House has done lit­tle with the re­com­menda­tions of its own bi­par­tisan de­ficit com­miss­ion. And Mr. Obama's 2012 bud­get didn't offer many new ideas for tackl­ing en­tit­le­ment spend­ing, among the bi­ggest long-term drains on the feder­al bud­get. The White House move caught De­moc­rats in Con­gress off guard, ac­cord­ing to aides, and de­tails of the pre­sident's pro­pos­als were sketchy. Mr. Plouf­fe said the pre­sident will name a dol­lar amount for de­ficit re­duc­tion, al­though the White House would­n't pro­vide specifics. In­troduc­ing taxes into the dis­cuss­ion has the poten­ti­al to com­plicate the re­solu­tion of com­ing bud­get fights, specifical­ly the need to raise the debt ceil­ing, a move needed to pre­vent the U.S. de­fault­ing on its debt.
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