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Posts Tagged ‘U.S. Economy’

Worldwide War: 50 Years of the Military Industrial Complex

David Swanson | Global Research | Posted on: September 28, 2011

Did you know that redirecting a fraction of our military spending to education, green energy, healthcare, and tax cuts would create a job for every unemployed or underemployed person in the country (including those losing war industry jobs during this conversion)? It’s true.

Did you know we’re fighting drone wars that create enemies by killing innocents, in large part because the CIA created a bureaucracy for drone wars and wants to use it? Now you do.

We’ve got a choice to make between the military industrial complex and our future.

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Making the US Economy “Scream”

Friday 10 June 2011
by: Robert Parry, Consortium News   Via:  Truthout

Modern Republicans have a simple approach to politics when they are not in the White House: Make America as ungovernable as possible by using almost any means available, from challenging the legitimacy of opponents to spreading lies and disinformation to sabotaging the economy.

Over the past four decades or so, the Republicans have simply not played by the old give-and-take rules of politics. Indeed, if one were to step back and assess this Republican approach, what you would see is something akin to how the CIA has destabilized target countries, especially those that seek to organize themselves in defiance of capitalist orthodoxy.

To stop this spread of “socialism,” nearly anything goes. Take, for example, Chile in the early 1970s when socialist President Salvador Allende won an election and took steps aimed at improving the conditions of the country’s poor.

Under the direction of President Richard Nixon and Secretary of State Henry Kissinger, the CIA was dispatched to engage in psychological warfare against Allende’s government and to make the Chilean economy “scream.”

U.S. intelligence agencies secretly sponsored Chilean news outlets, like the influential newspaper El Mercurio, and supported “populist” uprisings of truckers and housewives. On the economic front, the CIA coordinated efforts to starve the Chilean government of funds and to drive unemployment higher.

MORE HERE

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Nobel Economist Michael Spence Says Globalism Is Costly For Americans

Dr. Paul Craig Roberts | Global Research | May 31, 2011

These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at jobs offshoring and concluded that it has ruined the income and employment prospects for most Americans.

To add to the amazement, their research report, “The Evolving Structure of the American Economy and the Employment Challenge,” was published by the very establishment Council on Foreign Relations. http://www.cfr.org/industrial-policy/evolving-structure-american-economy-employment-challenge/p24366

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Howard Fineman Talks 2012 Presidential Race On ‘The Chris Matthews Show’ (VIDEO)

HuffPost TV

Posted: March 6, 2011 11:21 AM

The Huffington Post’s Senior Political Editor Howard Fineman appeared on “The Chris Matthews Show” on Sunday, along with the BBC’s Katty Kay, NBC News’ Norah O’Donnell and Time Magazine’s Richard Stengel, to discuss America’s declining position in the world, and what it means for President Obama in 2012.

“The trick is to be honest and inspirational at the same time,” Howard said.

“50-year-old factory worker, 50-year-old man or woman in Western Pennsylvanian, Indiana, the states that are going to decide this next election…. Are they thinking ‘The president’s got this all figured out?'” Matthews asked.

“If you look a the statistics and the polling, and you talk to people in those places, as I do,” Howard replied, “They don’t think that. They’re highly skeptical. And I think they’re open to another message from somebody who, if he or she can find it, mixes honesty with inspiration. If you’re just going to tell people, ‘Look, here are the cold, hard facts,’ that’s not going to work.”

WATCH VIDEO HERE

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Join Peace Vet-Led Protest at White House on December 16th

by Kevin Zeese, Dissident Voice,  December 9th, 2010

The White House is in the midst of a strategic review of Afghanistan. This review is coming at a time when the reality is hard to ignore: Afghanistan cannot be won, the cost is escalating at a time when the U.S. economy is in collapse and the war is undermining U.S. national security and the rule of law.  It is time to end the war-based foreign policy of the United States.

Opposition to war is growing. Sixty-one House members wrote president Obama last month calling for an end to the Afghan war. The letter was co-signed by 57 Democrats and 4 Republicans.  They wrote: “This has become the longest war in US history. The rate of casualties is at an all-time high. And we have already spent $365 billion on this unwinnable war.”  This reflects the views of Americans.  A recent poll conducted by Quinnipiac University found that 50 percent of those surveyed said the United States should not be involved in Afghanistan, compared to 41 percent who opposed the war in September.

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Tuesday morning on CNBC, the spazzy white guys in lower Manhattan were debating how the administration and Congress can best repair the economy, and mainly the jobless numbers. At one point, Rick Santelli, the hyperkinetic shoutcaster and instigator of the tea party movement, began to flail around, waving his arms above his head while yelling, “Stop spending! Stop spending! Stop spending!”

And contrary to accusations from one of the other spazzy white panelists, Santelli insisted he wasn’t calling for more tax cuts. Just a freeze in government spending. Somehow.

Fine. Show us another time in American history when a spending freeze — and a spending freeze alone — jump-started an economic recovery following a deep recession and high unemployment. Show us. Where in the world is Santelli getting this?

It doesn’t really matter from which hole Santelli’s latest television meltdown was extricated. Suffice to say, there is no historical precedent for any such thing. In fact, the often-referenced spending cuts of 1937 caused the opposite effect: a backslide in the economic recovery during the Great Depression. Oh, sorry. There we go again — referencing actual “history” instead of just screeching incongruous, contradictory and unsubstantiated nonsense, which seems to be the accepted style of discourse these days.

Santelli’s rant is just another performance in a broader strategy by the Republicans and tea party movement to deliberately sabotage the economic recovery. Not unlike Santelli’s “stop spending” idea, this is a strategy which also, to the best of my knowledge, has no historical precedent. For the first time ever — and this is worth repeating — one of the two major political parties in America is sabotaging a delicate economic recovery for the sake of humiliating the president and his party, and subsequently recapturing a political majority.

More than a year ago, Rush Limbaugh both predicted this and set the table for it to occur. They want the president to fail, and now it’s clear that they’re willing to take the economic recovery down in order to make it so. Is there any doubt who leads the Republican Party?

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Robert Kuttner | HuffPo | December 6, 2009

(Charles Dharapak/AP)

I was pleasantly surprised to be invited to the White House jobs summit last Thursday, where I got to watch President Obama engage with about 130 people off the cuff. And I was reminded, first hand, what drew so many of us to the promise of this remarkable outsider — the decency, the intellect, the idealism, and the evidently progressive impulses. I came away even more bewildered and dismayed at the reality that this president, who could have been such an insurgent at a moment demanding insurgency, has been so utterly captured by the Wall Street elite, the health insurance industry elite, and the military elite.

As a friend said, “I so wanted to be supportive of a great progressive president this time instead of being back in opposition.”

Click here to read more

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Economists Agree Time Is of the Essence for Stimulus

Washington Post Staff Writers
Sunday, February 8, 2009; Page A01

With Congress moving closer to adopting a $820 billion stimulus package and the Obama administration poised to unveil a new bank bailout plan, economists say that the federal government is taking its biggest role in the economy in a generation.

States that once aspired to blaze trails independent from Washington are turning to it for money, banks and businesses that once decried regulation now are seeking federal capital, grants or tax cuts and individuals are looking for tax relief.

“This is a seismic shift in the role of government in our society,” said Allen Sinai, chief global economist for Decision Economics. “Those who believe the government can be an effective, positive instrument for good will have another chance to try it,” said Sinai, a political independent.

While economists remain divided on the role of government generally, an overwhelming number from both parties are saying that a government stimulus package — even a flawed one — is urgently needed to help prevent a steeper slide in the economy.

Many economists say the precise size and shape of the package developing in Congress matter less than the timing, and that any delay is damaging.

MORE HERE

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You’ve probably noticed that the debate swirling around the president’s recovery bill has reached new levels of mortal terror and chaos. Even a casual excursion around the liberal tubes and you’ll find posts that read like the worst parts of the Bible. There’s a palpable vibe in many progressive circles that the president is on the brink of an epic fail.

After all, this is one of those do-or-die moments in American history and the panic level is rightly proportional.

But while urgency is appropriate, we’re losing the initiative.

We all have our own ideas about what the recovery bill is supposed to look like. The Republicans are threatening to filibuster, and we can’t trust Harry Reid to stop them. Rush Limbaugh, the very serious leader of the Republican Party and alleged sex tourist, has ordered his dittoheads to blitz the Democrats with angry phone calls. Concurrently, Democrats, liberals and progressives, for all we’ve learned in the last eight years, are losing the framing battle — “stimulus package” sounds like a weird service offered at a porn store and, in that context, a trillion dollar “stimulus package” sounds, you know, painful. Meanwhile, centrist Democrats like Ben Nelson appear to be ransacking the bill. Other Democrats have bugged out of Washington entirely.

We’re looking at fire and brimstone coming down from the skies. Forty years of darkness. The dead rising from the grave! Dogs and cats living together! Mass hysteria!

Come to think of it, some of that Ghostbusters stuff might actually come true if a beefy and expensive recovery bill isn’t passed, and right soon.

So how do we get there?

The first step in getting a handle on all of this mayhem is to understand that this is unprecedented in terms of size, scope and strategy — only rivaled by the New Deal. Then again, for all of the obstacles he faced, FDR didn’t have to negotiate his way through cable news, a hostile press, far-right talk radio, the blogotubes and an army of dittoheads taking their orders from an impotent burnout whose stated goal is the failure of the economy. In other words, while there are very smart economic solutions being pitched by Paul Krugman and others, the price tag, politics, optics, media and discourse are all brand new.

This is massive, this is complicated, this is unlike anything we’ve ever seen.

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There’s a killer web graphic that was created back in the post-Republican Convention days while everyone was writing spasmodic, breathless “Obama should [fill in the blank]” blog entries and “Oh crap! We’re gonna lose!” newspaper columns. Not that there’s anything wrong with that, really. The Obama campaign slipped in the polls during Sarah Palin’s very brief golden age — an era of roughly two weeks following the Alaska governor’s successful recitation of a convention speech without, you know, choking on her own vomit.

Very few of us were confident of an Obama victory at the time. After all, previous Democratic nominees had been riding bullet trains to victory in the polls, only to gradually and utterly bonk as the summer segued into autumn. Even candidate Obama was warning us about the Democratic habit of “snatching defeat from the jaws of victory.” Yeah. Anyone who claims to have been absolutely 100 confident of a Barack Obama victory in the first week of September 2008 is either lying or lying.

However, some people were more confident (hopeful, perhaps) than others.

The web graphic is actually a photograph of Barack Obama from his Invesco Field acceptance speech. In it, he’s looking directly into the camera with an expression of fierce determination on his face — his teeth gnashed in an Eastwood snarl, his left hand gesturing as though he’s kung fu fighting his way through an oversized cinderblock made of SlapChop-minced Republican skulls.

The large, white text superimposed at the top reads: “Everyone chill the fuck out.” The text at the bottom exclaims: “I got this!”

Sure enough, two months later, we watched as this liberal African American man with the noble yet politically unusual name “Barack Hussein Obama” defied the odds and won red states like Florida, Ohio, North Carolina, Indiana and the commonwealth of Virginia.

Fade out the roaring crowds at Grant Park. Dissolve to late January.

The economy continues to creep nearer to the crumbling ledge of yet another Depression — if it isn’t there already. And yet the Republicans who very nearly shoved us over the ledge are prancing around as if their collective Reaganomics don’t stink.

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