Joseph Palermo: The “New World Order” of 1989 to 1990, at least in Central America and the Caribbean, looked a lot like the older world order where U.S. military imperatives would be decisive with or without a Soviet menace in the hemisphere.
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: Tomasky argues that many of President Obama’s harshest critics on the left are reacting that way because they don’t want to admit to themselves that the “feelings of invincibility and redemption” after the 2008 election “were misplaced,” and that “the power and euphoria were somehow counterfeit.”
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.