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NEWS! OPINION! PASSION!
Politics and religion do not mix? They do these days, what with Christian presidents and politicized pastors. To say nothing of Jewish Zionists and Islamic fundamentalists.
Read about all this plus what the Republicans are up to. Shake your heads as the Democrats continue to dig their own graves. Blanch at the thought of President Hillary.
Oh, you're a Liberal? Well, there's plenty of room for your point of view, too. Plus all those issues that get Conservatives and Liberals going toe-to-toe: abortion, immigration, creationism, stem cell research. One way or another, you're sure to get mad!
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Morty's Cabin: Politics and Religion
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Two Roads to the Edge of the Cliff
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Published April 27, 2009 by truthdig -- www.truthdig.com
Obama Has Missed His Moment
By Chris Hedges
Barack Obama has squandered his presidency. He had a fleeting moment to challenge the casino capitalism and financial recklessness of our economic and political elite. He could have orchestrated a state socialism that would have provided a safety net for tens of millions of Americans faced with dislocation and misery. The sums he has doled out to Wall Street could have been used to force companies to keep workers on the job or create new banks to open up credit. But he lacked the foresight and the courage to challenge entrenched power. And now we are headed down one of two frightening roads—massive deflation or hyperinflation. Neither will be pleasant.
Hyman Minsky—an economist largely ignored during his lifetime and now held up as something of a prophet—argued that speculative bubbles, and the financial collapses that follow them, are an inevitable consequence of unregulated capitalism. Minsky, an economics professor at Washington University in St. Louis who died in 1996, warned: “The normal functioning of our economy leads to financial trauma and crises, inflation, currency depreciations, unemployment and poverty in the middle of what could be virtually universal affluence—in short … financially complex capitalism is inherently flawed.” He called for socialized banking and stimulus packages to protect workers.
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Do We Have the Guts of Our Forefathers?
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Published April 27, 2009 by Salon.com -- www.salon.com
Time to Put "Wealth on Trial" Again?
Congress needs to investigate the reasons behind the economic collapse -- the way Ferdinand Pecora probed the '29 market crash, and made tycoons confess their financial sins.
by Michael Winship
For policy wonks near and far, the celebrity of the hour isn't Susan Boyle, the Scottish church marm who belted out "I Dreamed a Dream" with the voice of an airy angel, or ex-Somali pirate hostage Richard Phillips, or Carrie Prejean, the Miss USA contestant from California who's against gay marriage because the Bible tells her so.
No, it's Ferdinand Pecora.
Who's he, you may ask, and guess that maybe he once played infield for the Dodgers or sang Faust at the Metropolitan Opera. But back in the '30s, during the depths of the Great Depression, Ferdinand Pecora emerged as an unlikely hero, leading a sensational Senate investigation of what caused the '29 market crash.
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Published April 28, 2009 by The Washington Post -- www.washingtonpost.com
Senator Specter To Switch Parties
by Chris Cillizza
WASHINGTON - Pennsylvania Sen. Arlen Specter will switch his party affiliation from Republican to Democrat and announced today that he will run in 2010 as a Democrat, according to a statement he released this morning.
Specter's decision would give Democrats a 60 seat filibuster proof majority in the Senate assuming Democrat Al Franken is eventually sworn in as the next Senator from Minnesota. (Former Sen. Norm Coleman is appealing Franken's victory in the state Supreme Court.)
"I have decided to run for re-election in 2010 in the Democratic primary," said Specter in a statement. "I am ready, willing and anxious to take on all comers and have my candidacy for re-election determined in a general election."
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Published April 23, 2009 by Robert Reich's Blog -- http://robertreich.blogspot.com
The Great Credit Card Battle To Come
by Robert Reich
The next front in the banking wars will be over credit cards. Some of the nation's biggest bankers -- including representatives of Citigroup, JP Morgan Chase, and other recipients of billions of taxpayer dollars -- are meeting today with the President to ask him back off his move to reform credit-card lending practices.
What's happening to credit card lending is a smaller replay of what happened to mortgage lending. For years, banks used every gimmick possible to get the public to use their cards -- regardless of the credit worthiness of the customer. They lured borrowers with low "teaser" rates. They told borrowers they could get by paying minimum balances.
And now that tens of millions of Americans are poorer than they used to be, the credit-card bubble is bursting. Credit card delinquencies are soaring. At the Bank of America, the largest U.S. lender by assets, 7.8 percent of credit-card accounts were delinquent in February by more than 30 days, up from 5.9 percent last August. Yesterday, Bank of America reported a $1.8 billion first-quarter loss in its credit-card services unit.
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America's Discussion of the Torture Issue Is Admirable
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Published April 26, 2009 by The Guardian/ Observer -- www.guardian.co.uk
I never believed the US would turn on its torturers so swiftly
The lawyer who exposed those behind America's interrogation techniques believes a criminal investigation is now essential
Philippe Sands
The world is watching as America attempts to come to terms with the abuse it unleashed in the aftermath of 9/11 and trying to digest the full implications of last week's extraordinary events. With a wide-ranging Spanish criminal investigation into torture at Guantánamo threatening to embarrass the US, Barack Obama decided to declassify legal memos sent under the Bush administration in the hope the country would move on. The opposite has happened. Ever more documents set out in meticulous detail the full extent of the cruelty: who was abused by whom, how they did it and what was done. The truth has been revealed in stark detail, from the number of times waterboarding was used to the legal deliberations that led to it. By Tuesday, President Obama had raised the possibility of US war crimes trials and far-reaching inquiries, developments that were unthinkable a month ago.
And yet perhaps it was inevitable. When Obama took office, evidence of torture was strong. Susan Crawford, the Bush-appointed head of the Guantánamo military commissions, confirmed that the use of stress positions, sleep deprivation, dogs and forced shaving on detainee Mohammed al-Qahtani was torture. President Obama's attorney general and the head of the CIA agree that waterboarding is torture. The issue was not how to characterise the acts, but what to do about them. By intervening, Spanish prosecutors seem also to have catalysed debate on what to do about the senior lawyers and officials involved, particularly Alberto Gonzales, David Addington, Jim Haynes, John Yoo, Jay Bybee and Doug Feith, those fast becoming known as the Bush Six.
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Wiretaps and the Corruption of Government
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Published April 23, 2009 by CounterPunch -- www.counterpunch.com
Harman and the NSA Wiretaps
Are Members of Congress Being Blackmailed?
By DAVE LINDORFF
For some time now, many Americans have wondered how Congress, the elected body that the nation’s Founding Fathers saw as the bulwark of liberty, could have been so thoroughly unwilling to, or incapable of challenging the dictatorial power-grabs and the eight-year Constitution wrecking campaign of the Bush/Cheney administration.
There has been speculation on both the far left and the far right, and even among some in the apolitical, cynical middle of the political spectrum, that somehow the Bush/Cheney administration must have been blackmailing at least the key members of the Congressional leadership, most likely through the use of electronic monitoring by the National Security Agency (NSA).
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Published April 26, 2009 by the Independent -- www.independent.co.uk
Torture? It Probably Killed More Americans than 9/11
A US major reveals the inside story of military interrogation in Iraq.
by Patrick Coburn
The use of torture by the US has proved so counter-productive that it may have led to the death of as many US soldiers as civilians killed in 9/11, says the leader of a crack US interrogation team in Iraq.
"The reason why foreign fighters joined al-Qa'ida in Iraq was overwhelmingly because of abuses at Guantanamo and Abu Ghraib and not Islamic ideology," says Major Matthew Alexander, who personally conducted 300 interrogations of prisoners in Iraq. It was the team led by Major Alexander [a name assumed for security reasons] that obtained the information that led to the US military being able to locate Abu Musab al-Zarqawi, the head of al-Qa'ida in Iraq. Zarqawi was then killed by bombs dropped by two US aircraft on the farm where he was hiding outside Baghdad on 7 June 2006. Major Alexander said that he learnt where Zarqawi was during a six-hour interrogation of a prisoner with whom he established relations of trust.
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Past Is Prologue: Let the Investigations Begin
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Published April 23, 2009 by The New York Times -- www.nytimes.com
Reclaiming America’s Soul
by Paul Krugman
"Nothing will be gained by spending our time and energy laying blame for the past." So declared President Obama, after his commendable decision to release the legal memos that his predecessor used to justify torture. Some people in the political and media establishments have echoed his position. We need to look forward, not backward, they say. No prosecutions, please; no investigations; we're just too busy.
And there are indeed immense challenges out there: an economic crisis, a health care crisis, an environmental crisis. Isn't revisiting the abuses of the last eight years, no matter how bad they were, a luxury we can't afford?
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Published April 23, 2009 by The Independent -- www.independent.co.uk
Walking Out on Ahmadinejad was Just Plain Childish
What are we trying to say? That any mention of Israel is now barred?
by Adrian Hamilton
Isn't it time western diplomats just grew up and stopped these infantile games over President Mahmoud Ahmadinejad? All that this play-acting over boycotting of conferences because of his presence and walking out because of his words achieves is to flatter his ego, boost his poll ratings at home and play into the hands of an Israel that is desperate to prove Iran the gravest threat to its existence.
True, Iran's President is not the world's most endearing character. Some of the things he says are certainly contentious. But he is far from the most offensive leader on the block at the moment. With Silvio Berlusconi sounding off about women and sex, and Nicolas Sarkozy sounding off about everything from the quality of his fellow leaders to the unsuitability of Muslims to join the civilised nations, and a Polish president, Lech Kaczynski, giving his views on gays, Europe could claim its fair share of premiers who should not be allowed out in public.
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Published April 22, 2009 by The Nation -- www.thenation.com
Testicular Politics: Obama and the Big Dogs
Is Obama Tough Enough to Stand Up to the Titans of Finance?
by William Greider
The big dogs of banking and finance are playing a rough game of bump-and-run with our president, trying to knock him off balance and demonstrate their dominance. The best names in Wall Street--Goldman Sachs, JPMorgan Chase--pumped out happy talk about quarterly earnings, then announced that they intend to give back the government's money (more than $50 billion, if counted honestly). The crisis, they announce, is over for them. They want to be free of official meddling in their private affairs. The arrogance is breathtaking, even for Wall Street bankers.
Forget the financial numbers. What we are witnessing is a high-stakes melodrama of glandular politics. This rival power center, though gravely weakened, is contesting for control with the president. Think of dogs circling one another to establish who will be leader of the pack. For three decades, the Wall Street guys in good suits have ruled the economy, demanding deference from the political system and from corporate managements, too. Those who failed to follow them were punished, either through stock prices or election financing. Despite their catastrophic failure, the surviving bankers and financiers are trying to hold on to their thrones.
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