Today's Stories

October 17 / 20, 2008

Pam Martens
How the Banksters are Making a Killing Off the Bailout

October 16, 2008

Mike Whitney
The End of Friedmanite Economics: an Interview with Robert Pollin

Jonathan Cook
The Acre Riots

Ayesha Ijaz Khan
Is Obama Playing to the Gallery? Or Has He Lost the Plot in South Asia?

Alan Maass
A Supreme Injustice: the Death Penalty Case of Troy Davis

Chuck O'Connell
Our Needs Do Not Fit on Their Ballots

Mary Lynn Cramer
Krugman's Prize: Iconoclast, Apologist or Propagandist?

P. Sainath
The Race May be Over, But Race Isn't

Andy Worthington
The Shrinking Case Against Binyam Mohamed: Justice Department Drops "Dirty Bomb Plot" Allegation

Peter Gelderloos
Enric Duran, the Good Thief?

Stephen Martin
The Nourishment of Idleness: Where Has All the Money Gone?

Douglas Valentine
Why I'm Voting for Obama

Website of the Day
The Mormon Worker

October 15, 2008

Steve Conn
The Real Story of Troopergate

William P. O'Connor
The Legend of John McCain

Robert Weissman
The Partial Nationalization of US Banks: Public Ownership, But No Public Control

Jonathan M. Feldman
Before the Second Wave of Crisis: an Alternative to the Triple Failure

Ron Jacobs
The Politics of Race in America: Is a Vote For Obama a Vote Against Racism?

Conn Hallinan
Targeting Unions in Colombia

Justin Podur
The Financial Economy and Real Economy

Karl Grossman
The New Nuclear Navy

Dave Lindorff
Is the Government Really Turning Socialist?

Eric Walberg
The Quiet Russian

Martha Rosenberg
Of Blood and Eggs

Uri Avnery
A Fairy Tale

Monica Benderman
No More

Website of the Day
Contractor Misconduct Database

October 14, 2008

Robert Richter
McCain: War Hero or War Criminal?

Paul Craig Roberts
The Bailout and the Smell Test

Ismael Hossein-Zadeh
The Wall Street Coup and the Bailout Scam

Steve Conn
Made in Alaska: Fear of the Fringe

P. Sainath
The Race Could be Over, But Race Isn't

Gregory Elich
How the Nobel Peace Prize Was Won

Stephen Martin
A Tectonic Shift in Hegemony at the G7

Rev. William Alberts
Don't Blink Twice

Laura Carlsen
The Fall of the Bush Dynasty Plan

Joanne Mariner
The Uighurs Come to Washington

Howard Lisnoff
Left Behind: a Biden Fundraiser and the Children of Holyoke

David Macaray
A Tale of Two Unions

Website of the Day
Six Degrees of Hank Paulson

October 13, 2008

Alexander Cockburn
Farewell to Daniel Cassidy

Michael Hudson
Rescue for the Few, Debt Slavery for the Many

Patrick Cockburn
Pogrom Against Mosul's Christians

Chris Floyd
The God That Failed: the 30-Year Lie of the Market Cult

Fidel Castro
The Law of the Jungle: Racism, Obama and the Fall of the American Economy

Robert Weitzel
Olmert's Depths of Reality

Derek Wright
How Chrysler Killed My Uncle

Stephen Soldz
Guantánamo's SERE Standard Operating Procedures

David Michael Green
Greed is Not Good

Norman Solomon
Requiem for the Bailout: a Storyline

Charles R. Larson
Toni Morrison on Her Own Terms

Lisa Massaciuccoli
The Shoplifting Association of the Americas

Website of the Day
Arlo Guthrie: "I'm Changing My Name to Fannie Mae"

October 10 / 12, 2008

Alexander Cockburn
Is McCain a Lot Sicker Than We Know?

Jeffrey St. Clair /
Joshua Frank
Obama's Nuclear Ambition

Douglas Valentine
Mission CREEP: From John Mitchell to John McCain

Noam Chomsky
Exposing the Un-Democratic Face of Capitalism

Ralph Nader
The Derivatives Game

Syed Saleem Shahzad
Why the Neo-Taliban is Winning

Patrick Cockburn
War in the Time of Cholera

Paul Craig Roberts
A Possible Solution to the Economic Crisis

Mike Whitney
Run on the System

Peter Morici
The Deficit and the Damage Done

Christopher Ketcham
The End of the Economy

Stephen Martin
Shock and Awe in Economic Warfare

Chellis Glendinning
Wireless Mind, Gullible Mind

Saul Landau
All Guns, No Butter

Ahmad Faruqui
21 Days to Baghdad

Adam Turl
Sheriff Tom Dart vs. the Banksters

Serge Halimi
The Battle for the West

Anthony DiMaggio
Making a Killing: the Business of Elections

John Ross
The Sky is Falling on Mexico, Too

José M. Tirado
Meltdown in Iceland

Paul Krassner
Beat the Crowd in Denver: Cops and T-Shirts

David Macaray
Adventures in Unionism

Robert Fantina
Bankrupt and Belligerent

David Yearsley
The Playlist for Election 2008

Julian Clec'h
The Soap Washing Through Saudi Arabia

Adam Engel
Sexual Healing ... for the Planet

Phyllis Pollack
The Rolling Stones Go Home, Again

Missy Beattie
Going North: the Coming Nation of Alaska

Poets' Basement
Landau, Moser and Henson

Website of the Day
Sarah as Esther? New Video From Inside Palin's Church

October 9, 2008

Robert Bryce
From Enron to the Current Meltdown

David Vest
The Great Rescue of 2008: Could Whatever Follows Bush Be Even Worse?

Winslow T. Wheeler
Meltdown at the Pentagon

Andy Worthington
The Ordeal of the Wrongly Imprisoned Uighurs

Anthony DiMaggio
Obama the Subhuman

Helga Serrano /
Hector Tamayo
Ecuador Charts the Way

Dave Lindorff
When Money Flies

Mats Svensson
At the Checkpoint on the Day of Atonement

Rannie Amiri
The Time for Mordechai Vanunu is Now

Website of the Day
The Palestine Chronicle Needs (and Deserves) Your Support

October 8, 2008

Alexander Cockburn
Imbecilic Tedium

Linn Washington, Jr.
Palin's Racist Remark

Mike Whitney
To the Bunkers!

Deepak Tripathi
The West is Broke

George C. Wilson
Butter Over Guns? McCain and Obama on Defense Issues

Andy Worthington
Seized in Pakistan

Charles R. Larson
"I'm John McCain and I Approved This Lie"

Patrick Irelan
Ecuador's Choice

Matthew Koehler
Log, Baby, Log: Bailing Out the Timber Industry

Stanley Heller
Time to Design a New Economy

Daniel Gross
Working Class Hero: Alexandra Svoboda

Kimberly Hartke
Raw Milk and Civil Liberties

Website of the Day
Olivia Wilde Does It Early

October 7, 2008

Patrick Cockburn
Obama and McCain's Goofy Afghan Bluster

Gary Leupp
Seven Years in Afghanistan:
From "War on Terror" to
"War of Terror"

Uri Avnery
Olmert's Final Divorce
From "All of Eretz Israel"

P. Sainath
The Cop-Out Election
Major Candidates, Congress, Press, All Fail in the Big Crisis

Peter Morici
The Dow Tanks as Bank Bailout Fails to Restore Confidence

Conn Hallinan
The Great Game in the Caucasus:
Bad Moves by Uncle Sam

Martha Rosenberg
Training America's Youth
Today a Pheasant, Tomorrow Osama

Binoy Kampmark
Let's Talk About Extinction:
CERN and Halo

October 6, 2008

Paul Craig Roberts
A Futile Bailout as Darkness Falls on America

Mike Whitney
Still on the Edge of the Abyss

Tariq Ali
Goodbye to Grosvenor Square

Emily Horowitz
How People Tell Cops They're Guilty Even When They Aren't

Michael Hudson
What Did Jesus Say?
A Christian Perspective on the Paulson Bank Bailout

Ron Jacobs
Winter Soldiers and Washington's Wars

October 3 - 5, 2008

Alexander Cockburn
Creatures of Capital

Paul Craig Roberts
Why Paulson's Plan is a Fraud

Saul Landau
The Chutzpah of Hank Paulson

Jonathan Cook
The Souring of a West Bank Romance: Israel's Army and Settlers Fall Out

Andy Worthington
The Dark Heart of the Guantánamo Trials

Dave Marsh
Bono (Himself) Challenges Me to a Debate

Sasan Fayazmanesh
Using the IAEA to Spy on Iran

John Ross
Massacre in Morelia

Brian Cloughley
The Unacceptable Face of Capitalism

Wajahat Ali
Dueling Partners: an Interview with Tariq Ali on Pakistan

Robert Schwartz
A Serious Blow to the Rights of U.S. Workers: NLRB Limits Political Strikes

Alan Nasser
FDR's Response to the Plot to Overthrow Him: a Paradigm for Today's Democrats?

David Ker Thomson
The Case for Drunk Driving

Peter Morici
Gone in 30 Days: U.S. Loses 159,000 Jobs in September

William Blum
When is a Holocaust Not a Holocaust?

William S. Lind
War on Two Fronts: Without Railroads

Michael Donnelly
The Ghost of Gen. McClellan

Thom Rutledge
On Presidential "Rule"

Manuel Garcia, Jr.
Science and the 2008 Presidential Elections: a Survey of the Candidates

Dave Lindorff
Calling the Problem Early

Cindy Ellen Hill
Waging a Sustainable Peace?

Paul Krassner
Dying to Get High: the Side Effects of Medical Marijuana

Daniel White
Vietnam's Masterspy

Poets' Basement
Corseri, Absher, Gibbons and Jenkins

Website of the Weekend
How We Lost Glen Canyon: a Legal Chronology

October 2, 2008

Paul Craig Roberts
Can a Bailout Succeed?

Joe Bageant
Speaking in the Tongues of Brokers: the Bailout in Plain English

Ralph Nader
Soulmates in Deregulation

Mike Whitney
Why the Bailout Stinks

Madis Senner
When Push Comes to Pull: How a Foreign Banker Invasion Sent the Markets Reeling

Winslow T. Wheeler
Congress as Usual:the Crisis Will Pass, But This Bunch Will Remain the Same

William Blum
A Boy's Game: the Origins of the Financial Crisis

P. Sainath
Wall Street Transforms Presidential Race

Website of the Day
McCain's Meltdown in Des Moines

October 1 , 2008

Glen Ford
The Last Hold Up

Steven Conn
Trashing Sarah Palin: the Boomerang Effect

Alan Maass / Lee Sustar
Why Not a Bailout for the Rest of Us?

Kenneth Couesbouc
The Blame Game: When Wall Street Pigs Sprout Wings

Stan Goff
How the Republicans Can Win (And Deserve It)

Adolfo Gilly
Racism, Domination and Bolivia

Rannie Amiri
Bombs in the Levant

Ismael Hossein-Zadeh
The Recurring Myth of Peak Oil

Adam W. Parsons
Food and Markets

Dave Lindorff
Bums' Rush to the Bailout: Where are the Hearings?

Douglas Valentine
The Bush Continuity Plan?

Adrien Rain Burke
The Party's Over: an Open Letter to Nancy Pelosi

Website of the Day
Sarah Palin's Beauty Pageant

September 30, 2008

Pam Martens
What Wall Street Hoped to Win

Chris Floyd
The Shadow of the Pitchfork: Elite Panic on Wall Street

Stephen Martin
A Biological Walk Down Wall Street

Deepak Tripathi
A Bitter Harvest in Afghanistan

Mark Engler
Bad Money

Jonathan Cook
The Attack on Zeev Sternhell: Has Israel Become a Breeding Ground for Jewish Settler Terrorism?

Dave Lindorff
The Power of No

Manuel Garcia, Jr.
Time for a General Strike?

Ahmad Faruqui
In Cold Blood: Buried Alive in Pakistan

John Chuckman
Will the Bride Wear White? As Rome Burns, Bristol Palin Prepares to Tie the Knot with Mr. "Sex on Skates"

David Macaray
Blaming the Labor Unions

Fatemeh Keshavarz
What Obama Could Have Said

Website of the Day
538: a Cognitive Map of American Politics

September 29, 2008

Mike Whitney
Black Monday

Jeff Gibbs
"Just Say No!" to Reverse Robin Hood

Paul Craig Roberts
Why America Should Listen to Ahmadinejad

Peter Morici
The Bailout and the Economy

Tim Wise
Racism as Reflex

John Walsh
Sarah Palin is a Rotten Mom

Uri Avnery
Israeli Fascism: Yes, It Can Happen Here

Alan Farago
Hell to Pay: the Financial Collapse and the Housing Market

Andy Worthington
Is Khalid Sheikh Mohammed Running the 9/11 Trials?

David Michael Green
Where's the Repudiation?

Carl Finamore
Capitalism on Steroids; Labor on Tranquilizers

Iris Keltz
Postcards from the DNC

Bill Hatch
Take This Shrimp Slayer!

Website of the Day
Tina Fey as Palin, Round Two

September 27 / 28, 2008

Alexander Cockburn
How McCain Blew It

Linn Washington, Jr.
Alaska's Blacks and Palin: a Strained Relationship

Christopher Ketcham
An Israeli Trojan Horse

Mike Whitney
The People vs. the Banksters

Kevin Alexander Gray Race in the Race: Is Obama Shining Us On?

Anthony DiMaggio
The Unspoken War: Pakistan, the Media and Nuclear Weapons

Mary Lynn Cramer
Their Assets; Our Debts: How Economic Crises Are Overcome

Marc Levy /
Susan Erony
War Jokes Wanted: No Laughing Matter

Stan Cox
Livestock of Mass Destruction: Germ Labs in the Heartland

Saul Landau
Election Drizzle

Ali Khan
Meltdown in American Markets: an Islamic Perspective

David Rosen
The Great Fear: the Sexual Politics of Sarah Palin

Todd Alan Price
Bailing Out the Foes of Public Eduction

Matts Svensson
The Red and White Bird in Gaza

Ron Jacobs
Pakistan Through the Eyes of a Native Son

Robert Fantina
McCain and the Economy

Richard Rhames
Hank-ering for a Bailout

David Krieger
The U.S.-India Nuclear Proliferation Deal

Seth Sandronsky
Rethinking Charter Schools

Charles R. Larson
Dear Mrs. Abacha: a Nigerian Email Romance

Kim Nicolini
Sadism in the Desert

Poets' Basement
La Morticella, Holt, Moser and Buknatski

Website of the Day
The Great Schlep

September 26, 2008

Moshe Adler
Bailing Out Wall Street Won't Save Main Street

Bill Quigley
The U.S. War on Unarmed Working Mothers

Jonathan Cook
When Archaeology Becomes a Curse

Manuel Garcia, Jr.
Visions of Pinpoint Control: the Romance of Laser Weapons

Madis Senner
Why the Bailout will Fail

Brian Cloughley
US Raids in Pakistan: Violations of Sovereignty

Niranjan Ramakrishnan
Oh, Henry!

Joanne Mariner
Passport Fraud and Torture

Dan La Botz
The Financial Crisis: a View from the Left

David Macaray
Ralph's Management Indicted by Federal Grand Jury

Website of the Day
Nader and Obama Girl at the Office

September 25, 2008

Michael Hudson
The Insanity of the $700 Billion Giveaway

Sharon Smith
Democrats and Corporate Bailouts

Ralph Nader
Who Will Show Some Backbone Against the Bailout?

Christopher Ketcham
The Economy of Dead Sperm (or What I Learned From My Race-Car Grandpa Who Had No Bankers)

Eric Toussaint
Is Another Third World Debt Crisis in the Offing?

Robert Weissman
Getting Wall Street Pay Reform Right

David Estabrook
A Better Bailout Plan

Nikolas Kozloff
The Voyage of the SS Peter the Great

Steve Early
The High Price of Purple Dissent

Judith Scherr
Blue Helmets in Haiti

Laray Polk
South Ossetia and Abkhazia: Notes from the Inside

Website of the Day
Letterman Spanks McCain

September 24, 2008

Paul Craig Roberts
The Bitter Fruits of Deregulation

Nikolas Kozloff
Palin at the UN: a Tutorial from Uribe

Robert Weissman
The Financial Crisis: How and Why Congress Should Play for Time

Andy Worthington
The Guantánamo Trials: Govt. Says Six Years Not Long Enough to Prepare Evidence

Steve Conn
Will Nader's Warning be Acknowledged in the Presidential Debates?

Karyn Strickler
The $700,000,000,000 Power Punch

Diane Farsetta
Stealth Marketers Gone Wild

Dennis Loo
Poisoned Legacy

John Halle
Wealth Tax Now!

Khalil Nakhleh
Palestinians Under the Occupation

Website of the Day
Nader: Debate Crasher

September 23, 2008

Rev. Jesse Jackson, Sr.
Bail Out on This Bailout

Michael Hudson
Henry Paulson and the New Yazoo Land Scandal

Tariq Ali
Why was the Marriott Targeted?

Patrick Dyer
A Death Row Visit with Troy A. Davis

Franklin Lamb
Hezbollah and the Palestinians

Joshua Frank
Oppose Barack Obama? How Dare Thee!

Alan Farago
Pushing the Referees: How the Financial Crisis Occurred

Dave Lindorff
The Bailout Will Kill the Dollar

Tanya M. Kerssen /
Roger Burbach
Bolivia's Popular Upheaval

Harvey Wasserman
Nuclear Power Liabilities Dwarf Bush's Wall Street Bailout

Website of the Day
Hammered by the Irish: the Video

September 22, 2008

Michael Hudson
The Paulson-Bernanke Bank Bailout Plan: Will the Cure be Worse Than the Crisis?

Mike Whitney
Mushroom Clouds Over Wall Street

Christopher Ketcham
Let It Collapse!

Ron Jacobs
The Predators' Bailout

Anne-Marie McManus
Lost in the Rhetoric of Crisis

Robert Weitzel
The Twin Terrors of the Holy Land: a Sexy Fundamentalist and a White-Haired Zionist

Wajahat Ali
An Interview with Howard Dean

John Ross
A New Cold War Comes to Latin America

Steve Breyman
Does the U.S. Really Need Cluster Bombs?

Patrick Bond
On the Bellies of the Filth

Uri Avnery
Fly, Tzipora, Fly

Carl J. Mayer
An Open Letter to Michael Moore (AKA God's Pen Pal): Whatever Happened to Voting Your Conscience?

Website of the Day
Stop the Execution of Troy Anthony Davis

September 20 / 21, 2008

Alexander Cockburn
Is This the Stake Through Neoliberalism's Heart?

Michael Hudson
America's Own Kleptocracy

Pam Martens
The Wall Street Model: Unintelligent Design

Lila Rajiva
Putting Lipstick on an AIG

Mike Whitney
Full-Spectrum Breakdown

Richard Rhames
A Bailout to Nowhere

Bill Moyers /
Michael Winship
The NY Yankees and the U.S. Economy

Bill and Kathleen Christison
The Making of Recent U.S. Middle East Policies: a New Study of Neocon Influence

Susan Block
Palin as Venus in Furs: the Dominatrix Politics of Drilling and Killing

Robert Fantina
Republicans and Subpoenas: Never the Twain Shall Meet

Heidi Walters
Hung Up on Route 36: an 18-Wheeler and a Nuclear Cask

David Yearsley
Germany's Lost Organs: When Bigger Was Better

Raymond J. Lawrence
The Politics of Tribulation: Sarah Palin and the Rapture

David Rosen
One Billion Pills Later: Viagra at 10

David Michael Green
Living in Sarah Palin's America

Anthony Papa
Imprisoned Voters and the Elections

Niranjan Ramakrishnan
Freddie, Fannie, Daddy, Nanny

Howard Lisnoff
When We Notice the Homeless

John Goekler
Leaving Every Child Behind

Missy Beattie
Impalement

Dave Zirin
Leave Josh Howard Alone

Charles R. Larson
Holden Caulfield, Rest in Peace

Tim Matson
Too Big for His Birches: Woodlot Economics

Susie Day
Attack of the Angry Fetus

Poets' Basement
Corseri, Gibbons, Jenkins and Ford

Website of the Weekend
Dylan & Baez: Deportees

September 19, 2008

Steven T. Banko
McCain's Passion Play

Mike Whitney
The Point of No Return

Michael Hudson
The Dow Jones' Wonderfully Cheesy Addition

William Kaufman
Shattering the Glass-Steagall Act: the Bi-Partisan Origins of the Financial Crisis

Brenda Norrell
The Fall of Lehman Bros.: Blowback for Black Mesa?

Keeanga-Yamatta Taylor
The New Rhetoric of Racism: Why Won't Obama Call It Out?

Clifton Ross
Bolivia: Cleaning Up the Bull Ring

Dave Lindorff
Hang On to Your Wallets: the Government's About to Rescue Us!

Cynthia McKinney
Seize the Time!

Susan Hurlich
Storm Survivors: a Dispatch from Cuba

Michael Donnelly
Let's Hand It All Over to the Democrats (They Helped Create This Mess)

Website of the Day
The Crisis Explained

September 18, 2008

Benjamin Dangl
The Machine Gun and the Meeting Table

Harvey Wasserman
The Senate's Drill, Drill, Drill Scam

Susan Abulhawa
The Lobby Has Spoken: Biden and Israel

Robert Weissman
After the Fall: the Financial Re-Regulatory Agenda

Anne-Marie McManus
McCain's Cinderella: the Fetishization of Sarah Palin

Corey D. B. Walker
The Poverty of 21st Century Progressivism

William S. Lind
Senator O'Bush: Why Obama is Wrong on Iran and Afghanistan

Ron Jacobs
Washington's False Logic of Torture

Dave Lindorff
American and China: Joined at the Hip

Binoy Kampmark
How Damien Hirst Got Away With It

Website of the Day
An Invisible Army

September 17, 2008

Stephen Conn
Palin and the Politics of Big Oil

Forrest Hylton
Reactionary Rampage in Bolivia

Patrick Cockburn
Petraeus Leaves Iraq

Gregory Elich
Inside North Korea

Ralph Nader
How the U.S. Auto Industry Wrecked Itself

Franklin Lamb
The Palestinians of Shabra-Shatila

Pam Martens
The Gang's All Here: Bush, McCain and the Old Iran/Contra Team

Dave Lindorff
The End of the Blue Chip Economy

Peter Morici
The Damage Deepens

Stanley Heller
The Killing of Count Folke Bernadotte

Douglas Valentine
Rambling David Foster Wallace

Website of the Day
Free Cindy McCain!

September 16, 2008

Paul Craig Roberts
US Economy: Rudderless and Reeling from Direct Hits

Tiphaine Dickson
Citizen Palin: Why Sarah Palin Quoted Westbrook Pegler

Stan Goff
America is Now Rome: an Open Letter to Christian Troops in Iraq and Afghanistan

Uri Avnery
Tzipi's Choice

Michael Winship
Lipstick on Polar Bears

Jeff Halper
Warehousing Palestinians

Patrick Irelan
Bolivia Versus the Empire

Oscar Gonzalez
Who's Dumber? Ike's Refugees or Wall Street's?

Binoy Kampmark
Cheney and His Records

Fatemeh Keshavarz
Muslims are at Peace with You

Sen. Russ Feingold
Restoring the Rule of Law

Website of the Day
The Next Great Rock Band?

September 15, 2008

Mike Whitney
The Tumbrils Roll at Dawn

Peter Morici
Toxic Lehman

Patrick Cockburn
Take Another Look at the Surge

Charles R. Larson
The Maverick Has No Clothes

Jonathan Cook
The Expulsion of Palestinians from Jaffa

Nikolas Kozloff
Racist Rhetoric in Bolivia

Roger Burbach
Morales Confronts the Insurrection: Bolivia and the Echoes of Allende

Helen Redmond
Where's the Health Care Bailout?

David Michael Green
The Democrats Do Poland

David Macaray
The Boeing Strike

Ralph Nader
Remembering Peter Camejo

Website of the Day
The Ballad of Sarah Palin

Weekend Edition
October 17 / 20, 2008

The Finance Crisis Means the US Must Find a Way to End the Two War-Quagmires

Now the Cost of War Really Matters

By KEVIN ZEESE

Nobel prize winning economist Joseph Stiglitz predicts the Iraq war will cost the United States $3 trillion.  Nouriel Roubini, the economist who predicted today’s financial crisis in 2006, predicts the U.S. will suffer its worst recession in 40 years, lasting up to two years with 9% unemployment and another 15% drop in housing prices.  He predicts we are seeing only the first round of government injection of funds into the finance system.

Throughout the Iraq war and occupation peace activists have pointed to the cost of war as one reason why the occupation must end.  The “cost of war” clock is almost universal on anti-war sites.  But now, with reports that the $1.8 trillion spent on bailing out the U.S. finance system is not enough to save the U.S. economy, the cost of war and the military budget must be reconsidered. The U.S. will need to choose – continued occupation or creating a new economy.

Unlike the depression which ended in part because of World War II, this time military spending is contributing to economic demise.  Military spending takes money from the rest of the economy and prevents a federal budget that invests in re-tooling the economy.   Spending hundreds of billions on the Iraq and Afghanistan war, and hundreds of billions more annually on military spending is one reason why the U.S. economy is faltering.  The DoD is expected to put forward an even bigger budget request before the next president takes office.  This will force the next president to quickly confront whether the military continues to dominate U.S. foreign policy and the U.S. budget.

The long-term cost of a military-dominated foreign policy has been a massive disinvestment in the civilian economy.  The U.S. has been facing a failing infrastructure for a generation but instead of spending money on regional and local rapid transit the U.S. spends it on overpriced military equipment.  Instead of building schools so kids are not working out of trailers, it is spent on building hundreds of military bases around the globe.  No doubt the hollowing out of the U.S. economy is in large part the result of lack of investment in keeping the economy strong, investing in workers, ensuring productivity and keeping manufacturing in the U.S.  As President Eisenhower warned: “Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.”  Sadly, money for war was more important than money for human needs and has dragged the economy down.

It is fair to say that the U.S. government is addicted to militarism.  Elected officials keep spending on the military even though it hurts the security of the United States by undermining the civilian economy.  The military is the most heavily funded area in the discretionary spending of the federal budget.  For as long as I can remember half of the discretionary spending of the U.S. budget has gone to the military. When the cost of Iraq and Afghanistan are included the military is more than half of all discretionary spending.  This has meant decades of disinvestment in the civilian sector, no wonder the infrastructure is failing, the U.S. is behind other countries in creating new, clean energy sources, college education is becoming unaffordable and the health care problem has not been fixed.

The reality is war is only good for a small portion of the economy as most corporations do not profit from war. The companies that benefit are those that destroy everything in the ‘shock and awe’ campaigns that have become the hallmark of U.S. invasions.  The second group that profits from war is the occupying companies that get paid to rebuild what aerial bombardment destroyed and support the massive overseas U.S. military presence.  This includes not only the construction companies but the private security firms (which provide more troops in Iraq than the U.S. military) and the oil companies that profit from rising prices caused by destabilization of oil producing countries.

Oil is a good example of how war has become a major drag on the U.S. economy.  Destabilization of Iraq has resulted in dramatic rises in oil prices until the economic crisis hit – a steady incline of rising prices.  Exxon-Mobil became the most profitable company in world history in 2008 posting an $11.68 billion profit, $1,485.55 a second, in the second quarter of 2008. For them the Iraq war has been a victory. Yet, what did it do to the pocketbooks and household budgets of Americans? 

When it comes to the rebuilding destroyed nations, the U.S. exports its culture of corporate corruption.  There are insider deals made with companies like Halliburton and Blackwater.  When the DoD auditor finds it impossible to audit Halliburton’s books – because of sloppy and incomplete records – are they punished?  No, they are given another contract.  Are they punished when there are reports of corruption, e.g., charging for empty trucks driving back and forth across the desert, or lavish living outside of Iraq, or overcharging for simple things like laundry?  Of course not.  Local contractors in Iraq could have done the job much more cheaply – and unemployment in Iraq would have been lessened undermining one attraction of the insurgency – but instead Vice President Cheney’s old company got the contract.  Iraq rebuilt its nation after the first Gulf War much more effectively than the U.S. did in the current occupation. Corruption won out over common sense.

The Earth is facing the challenge of Global Climate Change yet rather than investing in the new energy infrastructure, or the research and development of inexpensive solar panels, investments that will create millions of jobs, the U.S. invests in war. In fact, the projected total US spending on the Iraq war could cover all of the global investments in renewable power generation that are needed between now and 2030 in order to halt current warming trends. The $700 billion that Congress has allocated for military operations in Iraq to date could have built over 9000 wind farms with the overall capacity to meet a quarter of the country’s current electricity demand. If 25% of our power came from wind, rather than coal, it would reduce carbon emissions by over 1 billion metric tons – equivalent to approximately 1/6 of the country’s total CO2 emissions in 2006.
And, the military is a gigantic user of fossil fuels. The war is responsible for at least 141 million metric tons of carbon dioxide equivalent since March 2003. To put this in perspective, CO2 released by the Iraq war to date equals the emissions from putting 25 million more cars on the road in the US this year.

War is bad economics especially wars conducted on borrowed money.  The two quagmires the U.S. is currently in – Iraq and Afghanistan – are not being funded by current taxes – they are being funded by borrowed money.  Thus, not only will these wars be a drag on the current budget, but a drag on the finances of our children and grandchildren. 

And, what are the effects on American families and the American workforce when vets come home.  Not only are there the medical bills that the underfunded Veterans Administration has to pay, but there are the damaged psyches of the vets. Iraq and Afghanistan, because they are occupations of countries that do not want the U.S. there, are unlike previous wars.  There is no front-line to go behind for a break.  Everywhere is a potential enemy.  Nine out of ten soldiers serving in the occupations have been shot at or have seen comrades shot.  As a result we are seeing hundreds of thousands coming home injured. What will it cost to re-socialize these veterans?  What will it do to their families?  How will they fit into the workforce?

The cost of the war has been underestimated from the beginning.  The government convinced itself that Iraqi oil would pay for the war; that war taxes were not needed.  It would have been unpatriotic for an economist to tell the truth – that fighting two, long wars at once could bankrupt the country.  That was a truth that was not to be uttered as far as the militarist U.S. government was concerned.

But is the U.S. government learning from the financial meltdown?  Are they seeing the connections?  It does not seem so.  Both Senators Obama and McCain, along with President Bush, are calling for an escalation of the war in Afghanistan.  None of the three is calling for a complete withdrawal from Iraq.  Even Senator Obama’s plan leaves 30,000 to 85,000 troops and more than 140,000 private contractor troops in Iraq. And, both candidates, along with their party leadership want to expand the U.S. military – even though we already spend as much as the whole world combined. In fact, on the same day the U.S. passed the $700 billion bailout, it also passed a $700 billion military and occupation budget.  This was done with no debate.  No one in Congress, except for a few on what is described as the political extreme, ever discusses cutting the wasteful, extravagant and overstuffed military budget.

When this era of U.S. history is looked at people will say it was foolish of the government to fight two long wars, really two occupation-quagmires, at once.  And now that the financial meltdown has begun, if the government fails to rapidly end these occupations and re-think a foreign policy and federal budget dominated by militarism, historians and future Americans will wonder how the government could have been so thoughtless.

Kevin Zeese is Executive Director of the Campaign for Fresh Air and Clean Politics (www.FreshAirCleanPolitics.net) whose projects include Voters for Peace (www.VotersForPeace.US), True Vote (www.TrueVote.US) and Climate Security (www.GlobalClimateSecurity.org).

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