Joseph Palermo: When it comes to Syria, the old saying that even a broken clock is correct twice a day might apply to the Tea Party faction of the Republican Party.
Joseph Palermo: Our political spectrum, as refracted through the lens of corporate media, runs from center-right to far-right. No wonder the conventional wisdom in Washington holds, without evidence, that the United States is a “center-right” country. Those making that argument might not be real, informed commentators — but they play them on TV.
Joseph Palermo: After nine years of war the U.S. occupation of Afghanistan lacks support at home and is widely recognized as a drain on the domestic economy in a time of severe economic contraction. The billions of dollars in U.S. economic assistance to the Hamid Karzai government has created an unsustainable class of Afghans who are dependent upon the American largesse and military presence that would be impossible to sustain by local taxes. It is a puppet government that wouldn’t last a day without American arms and money.
Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.
Joseph Palermo: The spectacle of British Petroleum literally killing off the Gulf of Mexico before our eyes while the Obama Administration apparently believes that BP is honorable enough to be trusted to dutifully clean it up is depressing beyond belief. Hearing Louisiana Governor Bobby Jindal complain about the lagging federal response after he built his political career trashing the federal government is just too pathetic and stupid to even bother to ridicule.
Robert Reich: If Washington knew what was good for it and the nation, it would sever its financial connections with the Street. Better yet, it would enact legislation seeking to limit the impact of private and corporate money in politics. That goal is made more difficult to achieve by the grotesque recent Supreme Court decision (Citizens United vs. Federal Election Commission) holding that corporations, including financial firms, have the right to spend unlimited amounts on political campaigns. But there are ways around this, such as more generous public funding for candidates that choose not to take private contributions. Hopefully as well, the president will nominate Supreme Court justices who understand the importance of public trust in democratic institutions, and the difference between companies and people.
Joseph Palermo: The massive trading and swapping of Collateralized Debt Obligations (CDOs) and other abstractions cooked up by the fertile minds of sociopathic Wall Street “traders” not only did nothing to lubricate the real economy through financial intermediation, but they helped bring down the entire system and cost taxpayers hundreds of billions of dollars.
Joseph Palermo: Peter Baker’s profile of White House Chief of Staff Rahm Emanuel in the New York Times Magazine raises some interesting questions about President Barack Obama’s top aide. For Emanuel, it seems that all politics are electoral politics. He wouldn’t know a social movement if he saw one.
Joseph Palermo: The Democrats must pass a lot of legislation before the midterms or they’re going to be very sorry. Soon enough, given the Supreme Court’s recent 5-4 ruling in Citizens United v. FEC, we’re going to see campaigns where our choice for U.S. Senator will be between the “Doritos Nacho Cheese Tortilla Chips” candidate and the “Pepsi/Pizza Hut/KFC/Frito Lay/Taco Bell” candidate. Former President George W. Bush is raking in the bucks speaking at the National Grocers’ Association. First he defiled the presidency by getting John Yoo to turn the Justice Department into a law factory for monarchical presidential powers, now he shares the stage as an inspirational speaker with Terry Bradshaw. Our elections are about to become a satirical skit that Stephen Colbert of the Colbert Report did a long time ago.
Anthony Asadullah Samad: In fact, I wonder if the White House will still be “the White House” when the Obamas leave. You know America got that thing about living where we’ve lived and leaving once we come to the neighborhood. They might come back eventually…but usually not immediately after we’ve been there.
President Obama’s Nobel lecture might have showed us that the United States has reached a turning point: either the national security monster we’ve created is going to eat us alive by bankrupting the country or we’re going to have to shift course. We must begin to spin off the 700 or so military bases and installations around the world and focus on building a better life for our own people here at home.
What Glenn Beck, Roger Ailes, and their allies did in drumming Van Jones out of the government was an example of 21st century McCarthyism. They smeared Jones’ past political remarks and associations the same way Joe McCarthy and Roy Cohn smeared a young Boston lawyer named Fred Fisher for being a member of the National Lawyers Guild.
The 30-year class war the rich launched against the working people in this country (and reached its apogee during the George W. Bush years), has left the middle class reeling and wounded. Only bold federal action that puts something concrete in the palms of middle-class Americans can begin to turn these dire social conditions around.
When his term mercifully expires next year, California Governor Arnold Schwarzenegger will be leaving the Golden State in the worst condition than at any time its history. If Schwarzenegger and his right-wing Republican co-conspirators get their way (as they always seem to do), they’ll gut every social program and educational institution in the state in [...]
Wednesday afternoon, Glenn Beck and two of his guests argued that Adolph Hitler and the Nazi Party were “left wing”; that “political correctness” led the committed white supramacist, James Von Brunn, to shoot a security guard at the Holocaust Museum in Washington, DC; and that ultimately President Barack Obama is the one responsible for the [...]
President Barack Obama has done a symbolically extraordinary thing by nominating for the first time in U.S. history a person of Latino descent to the Supreme Court. The president has stayed true to the theme of his long campaign when he adopted “Si Se Puede” from the legendary Latina leader, Dolores Huerta. Right-wing talk show [...]