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Today's Stories

Weekend Edition
November 20-22, 2009

Alexander Cockburn
CounterPunch Diary
It's Show Trial Time

Gareth Porter
New Light on the Qom Facility

Mike Whitney
The Great Stimulus Debate of '09: Crybabies need not apply

Fred Gardner
Mammography
Pushes Back

James J. Brittain
It's Really a War on the Poor
A War on Coca Nobody Believes

Jonathan Cook
Rabbi Followers 'Terror Cell in Parliament'

Jonathan Cook
Rabbi Followers 'Terror Cell in Parliment'

Alan Farago
Bulletin from the Dark Side Florida's Replican Ultras

David Macaray
A Hindu Version of the UAW
Labor Strife in India

Binoy Kampmark
The Israeli Exception: Gilo and East Jerusalem

Ben Sonnenberg
Ashes and Diamonds
Retirement Norwegian Style

Ron Jacobs
Judge Roy Bean Takes Manhattan

David Yearsley
200,000 Testicles Offered Up to the Gods of Song

Brenda Norrell
A Border Runs Through Them:
The Struggles of the Tohono O'odham

Ron Ridenour
The Tamils and Equal Rights of Self Determination

November 19, 2009

Christopher Ketcham
The Dumbest Newspapers at the Center of the World

Shamus Cooke
A Fraudulent Jobs Summit

John V. Walsh
Impotent in China

Saul Landau
Dissidents Make Noise--Oops, News

Ralph Nader
Exiting Afghanistan

Nikolas Kozloff
Blackout in Brazil

Fred Gardner
Reputable MDs Buy NorCal Health Care

Charles R. Larson
Voices of the Silenced

John A. Murphy
Nader v. Dodd

Jayne Lyn Stahl
Obama's Gray World

November 18, 2009

Uri Avnery
A Religious Scoundrel

John Ross
Hot Oil!

Conn Hallinan
Strategic Towns: Why Gen. McChrystal's Plan Will Fail

Mike Whitney
Obama's China Junket

Ray McGovern
The Bogus Success of the Surge

Nelson P. Valdés
Cyber Cuba: Internet, Broadband and Foreign Policy

Ramzy Baroud
Globalization Unchecked

Ron Ridenour
Tamil Eelam: the Historic Right to Nationhood

November 17, 2009

Mike Whitney
Let's Get Fiscal

Jayne Lyn Stahl
Double Crossed: War Vets Deported

Brian M. Downing
Do They Subscribe to GQ at the Pentagon?

Jonathan Cook
Israel's Two-Tiered Justice System

Joanne Mariner
A First Look at the Military Commisions Act

Dean Baker
Obama's Nuclear Option on the Yuan

Martha Rosenberg
Pig Hell at Wal-Mart Supplier

Danny Weil
Fear in Nicaragua

David Macaray
Retail Sales as Combat

Laura Flanders
Buried Bonanza for Over-Builders

Walter Brasch
Rush to Judgment on Terror Trials

November 16, 2009

Alan Nasser
Obama's Flawed Case Against Single Payer

Jonathan Cook
Campus Watch Copy Cats

Mark Weisbrot
Obama, China and the Dollar

Carol Miller
We Need Health Care, Not Insurance

Gary Leupp
The Andolan in Kathmandu and the Revolution to Follow

Harry Clark
Justice Goldstone at Brandeis

Ray McGovern
Shining a Light on the Roots of Terrorism

Norman Solomon
California Democrats Urge Obama to Leave Afghanistan

Ron Ridenour
Genocide in Sri Lanka

Norm Kent
Doctors Light Up

Brenda Norrell
Torture Resisters Arrested at Fort Huachuca

November 13-15, 2009

Alexander Cockburn
A Man in a Hundred

Patrick Cockburn
Meet Our Afghan Ally: Stealing Money, Selling Heroin and Raping Boys

Tariq Ali
Short Cuts in Afghanistan

Douglas Lummis
Obama, Hatoyama and Okinawa

Vijay Prashad
Can the Major Speak?

Carl Ginsburg
Cornering the Market on Ambition

Manuel García, Jr.
The Purpose is Pork

Rannie Amiri
The Disastrous Presidency of Mahmoud Abbas

Mary Lynn Cramer
Death By Denial: the Militarization of Mental Health

Fred Gardner
Pot Doc Down

Dave Lindorff
Health Care Reform: DOA

Robert Jensen
How I Stopped Hating Thanksgiving and Learned to be Afraid

David Macaray
Wal-Mart Death Stampede Revisited

Corporate Crime Reporter
Exposing Timberland: Nike Foe Jeff Ballinger Zeros in on a New Target

Ron Jacobs
No More Star Spangled Eyes

David Model
NATO's Chimerical Enemy in Afghanistan

John V. Walsh
Godless China: What Obama Will Find

Jon Mitchell
Beggars' Belief

Stuart Easterling
Blaming the Narcos in Mexico

Dan Bacher
Big Oil Takes Over Marine "Protection" in California

Franklin Lamb
Lebanese Students Advise Obama on How to Get It Right

Farzana Versey
Moderns, Models and Martyrs

Charles R. Larson
War, Peace and Paramilitaries in Colombia

Saul Landau
The Coen Bros. Brutalize Job

David Yearsley
When the Cirque Meets the Beatles

Lorenzo Wolff
At the Side of the Frontman

Poets' Basement
Blaine, Rivas and Cox

 

November 12, 2009

Robert Weissman
Maniacal Deregulation

Franklin Spinney
The Afghan War Question

Nadia Hijab
After Fort Hood

Afshin Rattansi
Night Vision: Why US Sanctions on Syria Will Kill American Soldiers

Paul Craig Roberts
America's Dismal Future

Ralph Nader
Failing the People on Health Care

Belén Fernández
Tourists of the Honduran Counter-Revolution

Allan J. Lichtman
A National Peacemaker's Day

Dave Lindorff
President Peacenik's War

Jayne Lyn Stahl
Headline of the Year

November 11, 2009

Andrew Cockburn
The Crafting of a Loophole

Mike Whitney
A Small "d" Depression

Rev. Jesse Jackson
Where's the Jobs Stimulus?

Jeff Nygaard
Iranian Irrationality? Maybe Not

Stewart J. Lawrence
Honduran Regime Reneges on Political Deal

James Ridgeway
The End of the Little Red Cars: Memories of East Berlin

Eamonn McCann
Blood on Their Hands

Michael Ortiz Hill
Unbecoming War and Terrorism

Shepherd Bliss
From Oklahoma City to Fort Hood

Walter Brasch
"This is Jenna Bush Reporting ... "

November 10, 2009

Ellen Cantarow
Heroism in a Vanishing Landscape

Dean Baker
How to Raise $140 Billion a Year From Wall Street Banks

Rose Ann DeMoro
The Truth About the House Health Care Bill

Ramzy Baroud
Inch by Inch, House by House: How Israel Won the Settlement Battle...Again

Peter Lee
The Dalai Lama Sticks His Thumb in the Dragon's Eye

Dave Lindorff
Blaming the Workers

Roberto Rodriguez
Running Past PTSD (Or My Susto Profundo)

Winslow T. Wheeler
The Self-Dismembering F-35

Alan Farago
The Rising Tide

Joseph Grosso
The Legacy of Albert Parsons

November 9, 2009

Patrick Cockburn
Leave Afghanistan to the Afghans

Linn Washington
Fox Finds a New Black Boogeyman

Carl Ginsburg
To be Young and Unemployed Forever

Jeff Leys
War Funding, 2010

John A. Murphy
Can Lieberman Save Single Payer? Why Progressives Should Back a Filibuster

John Halle
Bard and the Lobby: Final Thoughts on the Kovel Affair

Bouthaina Shaaban
Clinton Dances With Netanyahu

James Ridgeway
Heath Care: Winning a Battle, Losing the War

Dave Lindorff
The Kafka Economy

David Macaray
The Philadelphia Transit Strike

Stephen Fleischman
The Tea Party System

Website of the Day
Cap-and-Trade: The Huge Mistake

November 6-8, 2009

Alexander Cockburn
Too Fat to Fight

Mark Grueter
Inside the American University of Iraq

Paul Craig Roberts
The Evil Empire

Patrick Cockburn
Friendly Fire

Gareth Porter
Karzai's Cabinet of Warlords

Mike Whitney
The Battle of Seattle, 10 Years Later

James Bovard
How the Media Enables Government Lies

Dean Baker
Don't Touch the Banks!

Robert Lawless
Empires and the Sullying of Anthropology

Saul Landau
Afghanistan: a War Without Logic

Jayne Lyn Stahl
Black Ops and Fort Hood

Stephanie Westbrook
My Memories of Fort Hood

M. Shahid Alam
How Eurocentric Are You?

Marc Levy
Walking With Mr. Muhammad

Franklin Lamb
Obama's Mid-East Mess

Ron Jacobs
A New Map of Hell

David Ker Thomson
Afternoon With Tulip

John V. Whitbeck
Moment of Truth

Julien Mercille
Drugs and Afghanistan: the UN's Misleading Report

Rannie Amiri
Egypt's Next Unelected President?

John Ross
Legalize It!

David Michael Green
Can You Hear Us Now?

Carl Finamore
Strike One for Hotels in San Francisco

Farzana Versey
The Farce of Fatwas and Political Expediency

Missy Comley Beattie
No to Single Payer, Yes to Prayer?

Charles R. Larson
Business as Usual in India

David Yearsley
Anna Magdalena, Music and the Art of Dying

Kim Nicolini
"Paranormal Activity:" a DIY Horror Film

Poets' Basement
Three Poems by Devreaux Baker

November 5, 2009

Pam Martens
The Fire Sale of America

Vijay Prashad
The Great Heretic

Brian Gallagher
The Soldiers From Standard Oil: Harvard, ROTC and American Foreign Policy

Norman Solomon
The Next Phase in Health Care Apartheid

Nadia Hijab
The Battle for Palestinian Representation

Joseph Shansky
And the Winner in Honduras is ... the United States?

Andy Thayer
Questions and Answers From Maine

Tracy Rosenberg
Pacifica and the Barbarians Who Pay the Bills

Website of the Day
All Folked Up

November 4, 2009

Stan Cox
The Inflated Promise of Natural Gas

Andy Worthington From Gitmo to Palau: Who are the Uighurs?

Robert Weissman
The Medicare-for-All Moment

Susan Galleymore
Of Veterans and Volunteers

Ralph Nader
Hoh's Afghanistan Warning

Michael Leonardi
Italy's Secret Ships of Poison

Bitta Mistofi
Death to No One: Isolating and Taunting Iran Will Only Empower the Regime

Robert Bryce
From Lahore to Copenhagen

Martha Rosenberg
Is Your Doctor's Continuing Ed Funded by Drug Makers?

Dave Lindorff
Democrats Crash and Burn

Website of the Day
Single-Payer Backtrackers

November 3, 2009

Patrick Cockburn
The Delegitimization of Karzai

Mike Whitney
Why the Crisis Isn't Going Away

Franklin C. Spinney
Katrina and the Paralysis of Fear

Laura Carlsen
The Little Coup That Couldn't

Serge Halimi
Don't Blame the Internet

John Stanton
Social Decay in America

Sophia Weeks
A Guatemalan Lament

Dave Lindorff
Country Joe, Kenny Rogers and Obama

November 2, 2009

Steven Higgs
Autism Spikes, Toxins Suspected

Ishmael Reed
White in America: Behind the Scenes at CNN

David Macaray
UAW Members Vote Down Ford; and the Media Attacked the Union

Bouthaina Shaaban
Settler Colonialism: Return to the Middle Ages

David Michael Green
Coming to Get You

David Swanson
The Two Percent Robustness

Ellen Brown
Cutting Wall Street Out

Adam Federman
Trading the Watershed to Trash the Catskills

James McEnteer
Doppleganger Politics: Star Wars, Clone Wars

Stephen Fleischman
Foot in the Door: Capitalism and Health Care

Website of the Day
Secret California Park Giveaway

October 30 - Nov. 1, 2009

Alexander Cockburn
The Long Gaze of the State

Jeffrey St. Clair /
Joshua Frank

Facing Down the Machine: Mike Roselle Draws a Line

Carl Ginsburg
Living in the Shadow of Yankee Stadium

Mike Whitney
Obama Goes Wobbly Over More Stimulus

Joe Bageant
The Iron Cheer of Empire

Gareth Porter
Security By Warlords: the CIA's Afghan Payroll

Saul Landau
The Cuban Embargo

Anthony DiMaggio
Conspiracy, Inc.: Wild Tales From the Reactionary Right

Dave Lindorff
Happy Talk Amid the Wreckage: Stocks Up, Jobs Down

Rannie Amiri
The Spooks of Beirut

Niranjan Ramakrishnan
An Afghan Travelogue

Jayne Lyn Stahl
Who Will Reform the Health Care Reform?

Rev. William E. Alberts
God's Favorite Team (and Nation and Religion)

Alvaro Huerta
The Abominable Mr. Dobbs

Martha Rosenberg
Marketing Drugs to Psychoneurotics

Binoy Kampmark
Don't Give Us Your Wretched: Refugee Policy in OZ

Norm Kent
Not Just Zig-Zag Any More: Medical Marijuana Goes Mainstream

Charles R. Larson Roth's "The Humbling:" Nothing Like a Novel From an Old Pro

Ron Jacobs
One Man's Truth, Another Man's Lies

David Yearsley
Not Loud Enough by Half

Lorenzo Wolff
The Vulnerability of Lauryn Hill

Kim Nicolini
"Big Fan:" Football, Class and Sexuality in America

Poets' Basement
Davies, Heyen and Orloski

Website of the Weekend
Coal Country Music

October 29, 2009

Michael Neumann
Criticism of Israel: a Wonderful Hiding Place

Mike Whitney
Housing Rebound? Not So Fast

Gary Leupp
Matthew Hoh Speaks Truth to Power

Conn Hallinan
Roman Roads and Modern Emperors

Marshall Auerback
Obama's Bogus Populism: Pay Curbs and Bank Loans

Laura Flanders
Palin's Pet Doug Hoffman Has Taliban Ties

Eamonn McCann
The War Criminal Vote: Blair or Karadzic for EU President?

David Macaray
Strange Invaders: Can Ignorance and Arrogance Win Hearts and Minds?

Mark Weisbrot
When Small Countries Lead the Way

Stephen Soldz
Psychologist Complicity in Torture Challenged

Christopher Brauchli
Will the Pope Bring the Taliban Into His Flock?

Website of the Day
The USS Liberty Affair and the Problem of Truth in History

October 28, 2009

Moshe Adler
How to Reduce Unemployment, Rebuild the Middle Class and Free Ourselves From Wall Street

Dave Lindorff
America's Drug Crisis: Brought to You by the CIA

Frank Joseph Smecker
Agaisnt Prometheus: an Interview with Derrick Jensen on Science and Technology

Alexandra Early
What a "Jobless" Recovery Means for Young Workers

M. Shahid Alam
Israeli Exceptionalism

Vijay Prashad
Sahelian Blowback: What's Happening in Mali?

John Ross
Three Years Later, Brad Will is Still Dead

Franklin Lamb
A Rare Victory for Lebanon's Palestinians

Gregory Travis
The Dismal Science: Elinor Ostrom's Nobel

Susan Galleymore
Peace Cycle to Palestine

Website of the Day
Newspaper Decline, a Graphic Display

October 27, 2009

Mike Whitney
Black Tuesday and How We Got Out of It

Patrick Cockburn
Bombs Will Go Off in Baghdad, Whether the US is There or Not

Stewart J. Lawrence
Honduran Coup Myths Dispelled

Alan Farago
Power Plays in Florida: Rate Increases, Nukes and Deception

Ralph Nader
Obama: Form Letters and Business as Usual

Dave Lindorff
Pentagon Dirty Bombers: DU in America

Bouthaina Shaaban
The Danger of Towing the Line Behind Israel

Brian M. Downing Elections in Afghanistan, the Second Time Around

Iain Boal
How You Can Save Pacifica

Carl Finamore
Hotel Workers and the Law of Momentum

Jayne Lyn Stahl
Here Comes That Third Party: Palin and the Constitutionalists

Website of the Day
How Bank of America Charges for Perfect Credit

October 26, 2009

Bill Quigley /
Deborah Popowski
When Gitmo and Abu Ghraib Come Home

Paul Craig Roberts
Are You Ready for the Next Crisis?

Uri Avnery
A Tsunami Called Goldstone

Mike Whitney
Will the Dollar Remain the World's Reserve Currency in Five Years?

Michael Snedeker
The Execution of Cameron Willingham

Shamus Cooke
Obama's Dirty War on Immigrants

David Michael Green
Paranoia for Breakfast

Martha Rosenberg
Gagging Michael Pollan

Patrick Bond
Gridlock on the Way to Copenhagen

Binoy Kampmark
Heading for the Tiber

Website of the Day
Goldman Sachs Abandons Kittens

 

Weekend Edition
November 20-22, 2009

The Great Stimulus Debate of '09: 
"Crybabies need not apply"

Barack Obama has decided to push the economy back into recession, and no one can figure out why. Perhaps the impressionable Obama has come under the spell of the deficit hawks and crystal gazers who see Armageddon around every corner. Or maybe he's thrown-in with the snappish  Marc Faber whose dire predictions of hyperinflation are about as cheery as Hieronymus Bosch's vision of Hell. Whatever the reason, the President has done a hasty volte-face and decided that  trimming the deficits in the middle of a severe economic downturn is the way to go. Here's what Obama said just days ago on his Asia tour: 

  "I think it is important to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession."

Obama is either getting some very bad advice or he's simply determined to drive a stake into the flickering economy.  All plans for deficit-pruning should be postponed until the economy steadies itself and the jobs picture improves. Raising taxes or slashing spending while the economy is still contracting is crazy. It shows that Obama is being influenced by the Gain through Pain school  who think that mass liquidation and years of bitter retrenchment are the best medicine. They're wrong. Sensible people look for solutions that don't involve hair shirts, moving to underground bunkers or living off root-crops for the next millennia.

Obama's metamorphosis into Ludwig von Mises sends a disturbing message to working people as well as to foreign creditors. It suggests that the commander-in-chief is in the thrall of careworn Jeremiahs. If that's the case, things could get ugly fast. With the Democrats backing-down on a second round of stimulus, the Fed signaling an end to quantitative easing, and Obama moaning about rising deficits; there's a good chance that the ailing economy could take another dunk down the elevator chute.

Deficits are not the problem. Deflation is. Bank lending is shrinking, consumer spending is down, housing prices are falling, unemployment is soaring and the wholesale credit markets are in a shambles. Which one of these problems is deficit related? None. This isn't the time to slash government support in the name of  "fiscal responsibility".  Obama needs to ignore the alarmists and deficit-psychos.
 
Has Obama perused the jobless figures lately? Has he noticed the Fed shoving more than a $1 trillion under the collapsing housing market with no sign of improvement? Has anyone told our strapping sagamore that the entire financial system is resting on a crumbling foundation of garbage mortgages, toxic paper, and non-performing loans?

Cutting  the deficits now--when we should be expanding them--will lead to a cycle of debt deflation that will push-down asset prices, increase defaults, force more layoffs, slow consumer spending, lower earnings and put the economy into a long-term funk. It's a suicidal policy that will end in catastrophe.

If Obama wants more proof that the economy is still tanking, he should read Fed chair Ben Bernanke's speech to the Economic Club of New York delivered earlier this week. The presentation is a sobering snapshot of lingering stagnation with precious few glimmers of light. Here's an excerpt:

“The flow of credit remains constrained, economic activity weak, and unemployment much too high. Future setbacks are possible....How the economy will evolve in 2010 and beyond is less certain....

 “Access to credit remains strained for borrowers who are particularly dependent on banks, such as households and small businesses. Bank lending has contracted sharply this year, and the Federal Reserve's Senior Loan Officers Opinion Survey shows that banks continue to tighten the terms on which they extend credit for most kinds of loans...

“Household debt has declined in recent quarters for the first time since 1951. For their part, many small businesses have seen their bank credit lines reduced or eliminated, or they have been able to obtain credit only on significantly more restrictive terms. The fraction of small businesses reporting difficulty in obtaining credit is near a record high, and many of these businesses expect credit conditions to tighten further.

“The demand for credit also has fallen significantly....Because of weakened balance sheets, fewer potential borrowers are creditworthy, even if they are willing to take on more debt. Also, write-downs of bad debt show up on bank balance sheets as reductions in credit outstanding. Nevertheless, it appears that, since the outbreak of the financial crisis, banks have tightened lending standards by more than would have been predicted by the decline in economic activity alone..... Unfortunately, reduced bank lending may well slow the recovery by damping consumer spending, especially on durable goods, and by restricting the ability of some firms to finance their operations.

“The best thing we can say about the labor market right now is that it may be getting worse more slowly. “(Fed Chairman Ben Bernanke Speech Before Economic Club of New York)

Is this really Bernanke speaking, or is the Fed chief channeling Nouriel Roubini?

To summarize, credit is tight. Consumers aren't borrowing and the banks aren't lending. Unemployment is soaring and deflation is pushing down asset prices while the burden of personal debt is rising in real terms. It's a very bleak report. The only sign of improvement is that “things are getting worse more slowly”.  Now that's encouraging. 

But there is a remedy, and it doesn't involve decades of cave-dwelling and a steady diet of processed cheese and beans. Stimulus works. It speeds up recovery, minimizes unemployment and stops asset prices from overshooting on the downside. Here's an excerpt from "The effectiveness of fiscal and monetary stimulus in depressions" a scholarly analysis of stimulus by economist-authors Miguel Almunia, Agustin S. Benetrix, Barry eichengreen, Kevin O' Rourke, and Gisela Rua: 

"Where tried, fiscal policy was effective in the 1930s....The details of the results differ, but the overall conclusions do not. They show that where fiscal policy was tried, it was effective.

“Our estimates of its short-run effects are at the upper end of those estimated recently with modern data....This is, in fact, what one should expect if one believes that the effectiveness of fiscal policy is greatest when interest rates are at the zero bound, leading to little crowding out of private spending. It is what one should expect when households are credit constrained by a dysfunctional banking system. Given similar circumstances in 2008, this underscores the advantages of using 1930s data as a source of evidence on the effects of current policy." (The effectiveness of fiscal and monetary stimulus in depressions" by  Miguel Almunia, Agustin S. Benetrix, Barry Eichengreen, Kevin O' Rourke, and Gisela Rua, 18 November 2009,  VOX)

Stimulus works in multiple ways. It also helps increase inflation expectations which is necessary to get people spending again. In a deflationary environment, consumers stop spending and the economy grinds to a halt. The Fed tries to spur economic activity by convincing people that the dollars they hold today will be worth less tomorrow. That's why Bernanke keeps pointing out that the Fed will keep rates at zero indefinitely. It's a way of managing perceptions to spark spending. Regrettably, the goldbugs are the only folks who have taken the Fed chairman seriously, which is why gold prices have zoomed to the stratosphere. Personal savings rates are still rising. There's been a sharp drop-off in consumption. All the signs indicate that Bernanke's psychological experiment has flopped. The masses still believe we're in a recession, so they're clinging to their cash like grim death.

The economy is headed for another slowdown that could drag on for a decade or more. The choices are stark; either policymakers take emergency action to reverse the trend or the economy will slip into a slump. .

What's needed now, is a gargantuan blast of stimulus to jolt the economy out of its lethargy and put the mighty wheels of industry back in motion. That will require public mobilization and a massive commitment of resources. $1 trillion, $2 trillion, even $3 trillion--whatever it takes--should be pumped into the jet-stream so the dollars fall to earth like a spring rain from sea to shining sea. That will get people spending again. That will put people back to work. We'll worry about the red ink later.

No more excuses. No more crybaby blabber about deficits. Just do it.

Mike Whitney lives in Washington state. He can be reached at fergiewhitney@msn.com

 

 

 

 

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