Archive for November, 2009

Getting Punked by Israel

Monday, November 30th, 2009

 In his famous Cairo speech last spring, Obama demanded that the Israelis freeze the expansion of settlements on the West Bank. But Israeli Prime Minister Netanyahu refused to freeze the settlements, and Secretary of State Clinton nicely praised Netanyahu for his  pursuit of peace.

Last month Palestinian President Mahmoud Abbas announced he would resign and that the Palestinians would simply declare themselves a state, which resulted in threats from the Israelis and virtual silence from the Administration.

Recently, Obama’s mediator for the Israeli/Palestinian conflict told the Israelis that the United States opposed expanding the Gilo settlement in East Jerusalem.

So the Israelis promptly approved the expansion.

Obama gets punked at every turn by the Israelis. One would think that the fact we give Isreal $4 billion dollars in aid every year would count for something.

Now is the time to apply pressure on them before being a doormat becomes a habit.

Wall St. vs Main St.

Sunday, November 29th, 2009

How can the stock market indexes be steadily increasing while unemployment remains high? The answer is that the stocks are higher because unemployment is high. As economist Robert Reich explains:

The market is up because corporate earnings are up. Corporate earnings are up because companies are cutting costs. And the biggest single cost they’re cutting is their payrolls. So they let people go and, presto, their balance sheets look better and their stock prices rise. […]

They’re using this sharp downturn to cut payrolls even below where they were when times were good. Outsourcing abroad, setting up shop in China and elsewhere, contracting out, replacing people with software and automated machines – they’re doing whatever it takes to get payrolls down so earnings bounce up.

And the Federal Reserve and the Treasury have made this possible by keeping the banks afloat and making it easy to for large companies to borrow money for capital improvements.

The Fed and the Treasury have, in effect, placed a huge bet on a recovery driven by asset prices. That’s a bad bet. The great disconnect between the stock market and jobs is pushing stock prices way out of line with the real economy. This isn’t sustainable.

This is the challenge for Obama. If he is perceived as facilitating Wall St. while letting Main St. suffer he will be a one term President and deservedly so.

Meta-Paranoia

Thursday, November 19th, 2009

Matt Compton at Democratic Strategist calls our attention to another corner of the freak show.

“In October, Mother Jones reported on the creation of a popular, massive multiplayer game, in which conservatives launch a revolution in reaction to an attempt by the Obama government to merge the United States with Mexico and Canada to form a North American Union:

In the game’s scenario, 20 million armed American “patriots” begin seizing local and federal government offices. These are the same people whose earlier Tea Party protests had been ignored and dismissed by the mainstream media. Now, they post bounties for government employees. There’s fighting in every state.”

The makers call the game, “2011 — Obama’s Coup Fails” but they are careful to describe the project as an act of satire and fiction.

“Unfortunately, far too many Republicans believe the coup already happened“:

PPP’s newest national survey finds that a 52% majority of GOP voters nationally think that ACORN stole the Presidential election for Barack Obama last year, with only 27% granting that he won it legitimately [...]

Belief in the ACORN conspiracy theory is even higher among GOP partisans than the birther one, which only 42% of Republicans expressed agreement with on our national survey in September.

 Adam Serwer’s analysis seems right:

The 2008 electorate was the most diverse ever–for some people, that is disenfranchisement by definition, since that means America is being increasingly populated by people who aren’t “real Americans.” Even if ACORN didn’t steal the election, those people did, and so whether ACORN literally stole the election matters about as much as literal “death panels”. It’s “true enough.” Hoffman workers in NY-23 mistook one of their own African-American volunteers for a member of ACORN, which wasn’t even active in the district.

None of this new far right mythology actually has to make sense. As long as the frayed pieces of the puzzle can be assembled in a manner that allows this part of the right to preserve in their minds the idea that they are the authentic representation of what it means to be American, any explanation will do.

There are an awful lot of people in this country who can’t seem to get their minds around the fact that people of color are real Americans. And Compton rightly worries about the dangers of delegitimizing Obama’s presidency.

Perhaps someday the U.S. will return to a two-party system instead of a single party confronted by an irrational mob.