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America’s Economic CrisisThe Bush legacy: a nation buried under mortgage and credit card debt and a blown-out economy, with looming mass unemployment AND hyper-inflation. What Obama and the new team face and what they must do. PLUS a Sixties “Terrorist” Looks Back at the Capitol Bombing. PLUS “The Dystopia’s in the Oven, Darling”: Alexander Cockburn on America’s Food. Only in CounterPunch newsletter! Get your copy today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great presents.
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Today's Stories November 21 / 23, 2008 Alexander Cockburn November 20, 2008 P. Sainath Brian McKenna Paul Craig Roberts Andy Worthington Peter Lee Dr. Eyad al-Serraj Sen. Russ Feingold Lance Selfa Ray McGovern Benjamin G. Davis Tracy McLellan Website of the Day November 19, 2008 M. Shahid Alam Mario A. Murillo Martine Boulard Robin D. G. Kelley Behrooz Ghamari-Tabrizi Jonathan Cook Steve Conn George Wuerthner Michael Winship Stephen Martin Website of the Day November 18, 2008 Chellis Glendinning George C. Wilson Franklin Lamb Bill and Kathleen Christison Roger Burbach John Ross Wajahat Ali Damien Millet / Marc Gardner Eric Walberg Wendy Williams Website of the Day November 17, 2008 Michael Hudson Paul Craig Roberts Mike Whitney Steve Conn Andy Worthington Jonathan Cook Rannie Amiri David Macaray David Michael Green Charles Modiano Website of the Day November 14 / 16, 2008 Alexander Cockburn Jeffrey St. Clair Mike Whitney Sasan Fayazmanesh Moshe Adler Anthony DiMaggio Jean Bricmont Sheldon Rampton Douglas Valentine Joseph Nevins / Tom Barry Ron Jacobs Larry Portis Mary Lynn Cramer Obama's Brain Trust: Seems Like Old Times Sherry Wolf Peter Cervantes-Gautschi Jacob Hornberger Lance Selfa Benjamin Dangl Seth Sandronsky Russell Mokhiber Allan Stellar Kelly Overton Martha Rosenberg Richard Rhames David Yearsley Lorenzo Wolff Poets' Basement Website of the Weekend
November 13, 2008 Pam Martens Vijay Prashad Patrick Cockburn Jonathan Cook Ralph Nader Bill Quigley Lee Sustar Omar Barghouti Steve Conn Howard Lisnoff Jeff Cohen Website of the Day November 12, 2008 Johanna Berrigan Steve Conn Patrick Bond Bokar Ture / Alan Farago Dave Lindorff Karl Grossman David Macaray George Wuerthner Susie Day Website of the Day November 11, 2008 James G. Abourezk Allan J. Lichtman Eric Toussaint Ron Jacobs Peter Montague Corporate Crime Reporter Laura Carlsen Col. Dan Smith Morton Skorodin David Michael Green Charles R. Larson Website of the Day November 10, 2008 David Roediger Paul Craig Roberts Peter Lee Corey D. B. Walker Jeff Halper Bill Hatch Andy Worthington Bill Quigley Peter Morici Anthony Olszewski Kim Nicolini Cpt. Paul Watson Website of the Day November 7 / 9, 2008 Alexander Cockburn Jeffrey St. Clair Vijay Prashad Tariq Ali Jean Bricmont John V. Whitbeck Saul Landau Peter Morici Lawrence Velvel Karyn Strickler Nativo V. Lopez Christopher Fons Alan Farago David Yearsley Christopher Brauchli Samah Sabawi Dave Lindorff Deepak Tripathi Beth Sherouse Patrick Irelan Stephen Martin Richard Rhames J. Murray Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Day
November 6, 2008 Frank J. Menetrez John Chuckman P. Sainath Joshua Frank Edna Canetti John Ross Norman Solomon Fawzia Afzal-Khan Robert Weissman Harvey Wasserman Website of the Day
November 5, 2008 Cockburn / St. Clair Chuck Spinney Ishmael Reed Chris Floyd Binoy Kampmark Michael Donnelly David Macaray Peter Morici Manuel Garcia, Jr. William Willers Website of the Day November 4, 2008 Kathleen Christison James Ridgeway Winslow T. Wheeler Mike Whitney Conn Hallinan Holly M. Barker Ashley Smith Andy Worthington Martha Rosenberg Stephen Martin Doug Lummis Carlos Fierro Website of the Day November 3, 2008 Patrick Cockburn John Kennedy O'Hara Peter Montague Steve Conn Andrew Gebhardt Ron Jacobs Ralph Nader Niranjan Ramakrishnan Uri Avnery Dave Lindorff Fred Gardner DC Larson David Michael Green Val Strange Tuli Kupferberg / Website of the Day
October 31 , 2008 Alexander Cockburn Jeffrey St. Clair Douglas Valentine Ismael Hossein-Zadeh Dr. Ignacy Nowopolski Alan Maass William P. O’Connor Patrick Irelan Brian Cloughley Mats Svensson Binoy Kampmark Steve Conn Alan Farago Morton Skorodin Robert Bryce Wajahat Ali David Yearsley Dennis Loo Pam Martens Stephen Martin Richard Rhames Ramzy Baroud Missy Beattie Howard Lisnoff Richard Neville Saul Landau / Kim Nicolini Lorenzo Wolff Poets' Basement Website of the Weekend October 30, 2008 Cockburn / St. Clair Vijay Prashad Paul Craig Roberts Glen Ford Stanley Heller William Loren Katz Joshua Frank James McEnteer Felice Pace Jonathan Cook Reza Fiyouzat Website of the Day
October 29, 2008 Arno J. Mayer Eric Toussaint Matt Gonzalez Steven Conn Jonathan Cook Patrick Bond Ramzi Kysia Douglas Valentine Stephen Martin Margaret Dooley-Sammuli Amee Chew Website of the Day
October 28, 2008 James G. Abourezk Andy Worthington Gary Leupp Paul Craig Roberts Mike Whitney Gregory V. Button Ralph Nader P. Sainath Martha Rosenberg Charles R. Larson Website of the Day October 27, 2008 Michael Hudson Barbara Rose Johnston John Dinges Mike Whitney Mary Lynn Cramer Greenspan's Higher Power Alan Farago David Michael Green Andy Worthington George Wuerthner Niranjan Ramakrishnan Website of the Day October 24 / 26, 2008 Alexander Cockburn Ishmael Reed Mike Whitney Don Santina Scott Boehm Saul Landau Ron Jacobs Binoy Kampmark Linn Washington Jr. Nicole Colson Bernard Chazelle Brian Jones Christopher Brauchli Benjamin Dangl Val Strange Steve Early David Macaray Allison Kilkenny Richard Rhames Jim Bell Kris De Welde Barry Clemson Adam Engel Mark Scaramella Tuli Kupferberg Lorenzo Wolff Poets' Basement Website of the Weekend October 23, 2008 Allan J. Lichtman Todd Chretien John Ross Peter Morici Mats Svensson Marlene Martin Robert Jensen / Margaret Kimberley Deepak Tripathi David Morris Website of the Day October 22, 2008 Brian Cloughley Heather Gray Jeff Birkenstein Ralph Nader DC Larson David Swanson Keeanga-Yamatta Taylor Race and the Election: When the "Real" America Enters the Voting Booth Larry Everest Robert Fantina Martha Rosenberg Stephen Martin Website of the Day October 21, 2008 Vijay Prashad Paul Craig Roberts Corey D. B. Walker Steve Breyman Eric Toussaint Wajahat Ali Robert Weitzel Brendan Cooney Dave Lindorff Marqueece Harris-Dawson / Bob Wing Patrick B. Barr Omar Barghouti Website of the Day October 20, 2008 Michael Hudson Anthony DiMaggio Tariq Ali Uri Avnery Bill Quigley Ben Rosenfeld David Michael Green William S. Lind Chris Genovali Stephen Martin Howard Lisnoff David Yearsley Website of the Day October 17 / 19, 2008 Alexander Cockburn Jeffrey St. Clair Pam Martens Paul Craig Roberts Mike Whtney Michael D. Yates Suzanne Smith Carl Boggs Ralph Nader Fidel Castro Dave Marsh Saul Landau Jo Guldi Kevin Zeese Larry Everest Steve Early David Macaray Ben Terrall Missy Beattie Don Monkerud Helen Redmond Dan Bacher Wajahat Ali Farzana Versey Vladimir Frolov Kim Nicolini Poets Basement Website of the Day
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Weekend Edition Obama's Herculean TasksWhen Old Axioms Don't ApplyBy SAUL LANDAU
The time for Obama and his “change” phrases will soon get tested. As candidate, he wisely refrained from spelling out the specifics of policies the country needed or what he actually planned to do about failed foreign policy and a badly wounded economy – aside from his less than radical health care package. Three days after the election, unemployment rose and foreclosures continued, and one of the pillars of global economy, General Motors, pleaded with Congress for bailout money. Ford and Chrysler joined the begging parade. GM executives announced the company was losing $2 billion a week and only Congress (the taxpayers) could save the company that had extracted unimaginable hundreds of billions in profits over the years from the very same source – including mammoth salaries and perks for the top honchos. The auto CEOs met with Congressional leaders and behaved as if everyone knew they deserved the money. When House Speaker Nancy Pelosi questioned these pompous failures about the accountability of the funds they requested, she also promised these czar-like auto chiefs that Congress would monitor the spending of the bailout funds – if it decided to vote for them. She and her Senate counterpart, ironically, shared the basic assumption of the dim witted auto moguls. “A healthy automobile manufacturing sector is essential to the restoration of financial market stability, the overall health of our economy and the livelihood of the automobile work force,” wrote Pelosi and Senate majority leader Harry Reid to Treasury Secretary Henry Paulson. (NY Times, November 8, 2008) Did Pelosi and Reid know that in the early 1920s, General Motors brass bribed the Los Angeles City Council not to finance public transportation so that the motor car industry could thrive in the entertainment capital? Did they recall that in the early 1950s, GM CEO Charles Wilson boasted, “What’s good for General Motors is good for the country?” At the time, liberals feigned outrage at such a callous remark. But Wilson’s statement contained a painful truth: this large corporation had become a means and end of US policy. Automobiles, after all, required glass, rubber, metals, chemicals, cloth for upholstery, plastic and other ingredients. Factories large and small throughout the country furnished these goods. Auto dealers, new and used, repair shops, and car washes serviced those who used this basic American product. Cars became so quintessentially American that Chevrolet (GM) took its place alongside apple pie and baseball. Who could question the centrality of auto manufacturing to the soundness of the economy? In those days, the big 3 automakers controlled production and sales – long before VW, Toyota and other foreign manufacturers began to compete with better products and prices. But in recent years, the auto bosses have behaved like the Wall Street idiots and other titans who directed the US economy straight into the toilet. They made stupid decisions, rewarded themselves with high salaries, bonuses, perks and stock options and sneered at critics who warned that by continuing to emphasize SUVs and Hummers and not try to make a car for the times, they would lose their traditional markets. Eventually, even the stupidest Americans learned that “buying American” meant owning a gas guzzling, road destroying, environment polluting collage of heavy metal and cheap plastic. Furthermore, it would break down far more rapidly than the much demeaned but more gas efficient and environmentally friendly cars. “Can you imagine these jerks coming to Congress, not to plead their case and admitting they were terrible managers, but we shouldn’t worry because they’ll do better in the future?” an irate House Member confided to me. “These multimillionaire losers walked in here with a sense of total entitlement! As if they had earned our infinite respect because they led GM, Ford and Chrysler. I hope someone gives them the news. They’re not number one any more.” By 2008, much of the US auto-related industry had already fled to cheaper labor markets and the foreign competitors (like Toyota) assembled cars in the United States. But beyond that, think of what the letter signed by Pelosi and Reid assumed axiomatically. As the environment deteriorates, why not question the continued manufacture of autos and not propose a switch to mass transit and more sustainable vehicles? In the global warming age, to juxtapose the words “automobile” and “health” as they do in their letter seems incongruous – even if thirty years from now someone designs a car that runs on nitrogen. The Founding Fathers created two Houses so Members of one (Senate) could think long term. Unfortunately, the contemporary Solons have absorbed the truncated future orientation of the immediate gratification society and six years seems to be the longest any of them dare peek ahead. No one in power has faced the obvious environmental challenge. Al Gore, now out of competitive politics, delivers periodic sermons on the subject. His essays vibrate with sincerity, but remain vague when it comes to dictating the harsh measures needed to deal with the critical situation he portrays. Perhaps President Obama in January will begin to challenge this and other antediluvian assumptions? In foreign policy, the elite still stride confidently with that “We’re Number 1” step. This supposition derives from the 20th Century, when the United States possessed the world’s most formidable economy and, much of the world assumed, a powerful military loathe to go to war again with an enemy that could fight back. The world now knows that US superior will, technology and fighting ability has resulted in lost wars (except against tiny Grenada and impotent Panama) and squandered resources, including lives. After the invasion of Iraq, the world also learned that partnership with the US means subservience to the US President’s Oedipal whims or just plain hubris. After January 20, President Obama will have to define the role of the United States in the world just as he will weigh in on how the government directs the US economy – not a return to Wilson’s 1953 “What’s best for GM.” The United States no longer leads a free world. Indeed, the very meaning of the words “free world” in 2008 should confound all mavens of international affairs. If Obama opts for another try at a New Deal, he will try to direct money away from bailing out the Wall Street and automobile company losers and into desperately needed public works. He will need many times more the investment made under FDR in the 1930s, for restoration of water and sewage treatment plants, reparations to roads, dikes and bridges, the refurbishing of education and health foundations and public transportation. The environment’s health must also become the parchment on which the new policies are written. An honest and intelligent new President will subject to scrutiny the axioms that now underlie language relating to the US role in the world. Isn’t it time to forget the silliness of the “we’re number one” axiom – a meaningless concept in an age of deep environmental threat and interlinked economies? The practical meaning of #1 means ever higher defense budgets that produce weapons that don’t defend the country. Look how quickly the mavens of free market economics abandoned their prized dogmas. Those who demanded bailouts of Wall Street and now the car industry had steadfastly demanded deregulation so the invisible hand of the market could govern their business dealings. As soon as business got really bad, they came like indignant beggars to demand government help for financial and manufacturing business they had run into the ground. Instead of simply taking over the financial and manufacturing areas, the government seems intent on lending taxpayer money to these arrogant airheads -- because liberals in Congress want to forestall more huge job losses. But cars had their century – 20th. This century’s environment has sent dire warning signs about continuing to employ technology that relies on fossil fuels and causes insane highway congestion, noise pollution and death. Because people – including the most powerful -- don’t question axioms, Obama will face a Herculean task. He seems up to it! Saul Landau is an Institute for Policy Studies fellow, author of A BUSH AND BOTOX WORLD (A/K-Counterpunch) and producer of many films.
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