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Today's Stories

November 5 / 6, 2005

Niranjan Ramakrishnan
Missing the Bus: When Conscience Bows to Calculation

November 4, 2005

Jeffrey St. Clair
Blood on the Tundra, Betrayal in the Rotunda: Losing ANWR

Dave Lindorff
A Majority Now Favors Impeachment: If He Lied, He Must Be Tried

Phillip Cryan
Crackdown in Colombia

Christopher Brauchli
Katrina and Tax Breaks for the Very Rich

William S. Lind
Exit Strategy: You Can't Stay the Course in a Lost War

Daryl G. Kimball
Of Madmen and Nukes

George Beres
Laurels for Negroponte?

Peter Montague
Why We Can't Prevent Cancer

 

November 3, 2005

James Petras
The Libby Affair and the Internal War

Saul Landau
Torn Families and Shot Down Planes: a Cuba Story

Rep. Cynthia McKinney
An Occurrence at Gretna Bridge

Michael Dickinson
Bang! Bang! You're Deaf! Sonic Weapons Over Palestine

Joshua Frank
Sham Behind Closed Doors

Remi Kanazi
Dancing with Perseverance

Reza Fiyouzat
Taxation or Racketeering?

Website of the Day
CIA Leak Investigation: Bigger Fish, Deeper Water?

 

November 2, 2005

Cockburn / St. Clair
Holy Alito!: Not as Crazy as Scalia, But Just as Bad

Robert Oscar Lopez
Saving Rosa Parks from American Hypocrisy

John Walsh
The Philosophy of Mendacity: From Leo Strauss to Scooter Libby

Brian J. Foley
Why Most Americans Don't Care About Gitmo (and Why They Should)

Ramzy Baroud
Rolling Back Syria

M. Junaid Alam
What Moral Values?

Todd Chretien
Judgment Day for the Governator

Bruce K. Gagnon
The Democrats' Slap Happy Day

Website of the Day
Hands Off Dave!

 

November 1, 2005

Ron Jacobs
An Interview with Kent State's Dave Airhart

Gary Leupp
The Plame Affair Leads to Rome

John Ross
Days of the Dead on the Border

Bill Quigley
Why Are They Making New Orleans a Ghost Town?

Joseph Nevins
From a Boundary of Death to One of Life

Dave Lindorff
Thinking About Impeachment

Linda S. Heard
Bashing Syria: Another Trojan Horse from the UN?

Heather Gray
Thank You, Mrs. Parks

Michael Dickinson
To Di For: Charlie and Camilla Cross the Pond

Jeffrey St. Clair
Kent State: Wise Up and Back Off

 

October 31, 2005

Elaine Cassel
Libby's Lies

Mark Weisbrot
Pop Goes the Bubble: Bernancke and the Fed

Mike Whitney
Carry On, Patrick Fitzgerald

Norman Solomon
After the Libby Indictment, the Press Acquits Itself

Farooq Sulehria
Trading Weapons While Kashmir Burns

Nicole Colson
Scapegoating Immigrants

Madis Senner
Dhafir Sentenced to 22 Years: Another Erosion of Civil Rights

Paul Craig Roberts
Scooter and the Neocons


October 29 / 30, 2005

Cockburn / St. Clair
The Libby Indictment: Gotterdammerung for the Bushies?

Peter Linebaugh
The Wedges of Hephaestus

Tim Wise
Framing the Poor: Katrina, Conservative Myth-Making and the Media

John Chuckman
Bushspeak: Dark and Garbled Words

Steven Higgs
Green Hoosiers: Forging a New Democracy in the Heartland

Brian Cloughley
The Fifth Afghan War

M. Shahid Alam
Israel and the Consequences of Uniqueness

Nikki Robinson
Crack Down at Kent State

Ralph Nader
Let the PIRGs Begin!: Student Activism Thrives

Joe DeRaymond
Requiem for Bethlehem Steel?

Joshua Frank
Karl's Great Escape: Did Rove Rat on Scooter?

Laura Santina
Tongue-Tied on Iraq: Why Aren't the Dems Screaming Bloody Murder?

Fred Gardner
Death of an Organizer

Michael Dickinson
Insult Your Country

Ron Jacobs
Autumn in America

Dr. Susan Block
Fear and Sex: a Halloween Greeting

Vanessa S. Jones
Self-Portrait, 1994. Bronte Beach

Jeffrey St. Clair
Playlist: What I'm Listening to This Week

Poets' Basement
Marbet, Gardner, Ford, Albert, Engel, Krieger & St. Clair

Website of the Weekend
Red State Update

 

October 28, 2005

Jared Bernstein
Inflation Up; Wages Down: Fastest Decline in Wages on Record

Virginia Tilley
Embracing the Anti-Aparthied Movement in Israel/Palestine

Phil Gasper
The Race to Execute Tookie Williams

Jennifer Matsui
It's Mardi Graft Time!

Manual Garcia, Jr.
Is the US Really Against Torture?

Monica Benderman
In the Name of Justice

Jason Leopold
Fitzgerald Focuses on the Forgeries

Dave Lindorff
Suddenly, Bush Endorses Right of Fair Trials


Otober 27, 2005

Saul Landau
The Scandal Isn't the Leak, But the Illegal War

Stuart Hodkinson
Bono and Geldoff: "We Saved Africa" Oh No, They Didn't!

Ingmar Lee
Stop the Troops!: No Glory or Honor in Iraq

Lila Rajiva
License to Bill: Gates Does India

Ilan Pappe
The Last Moment of Hope

Niranjan Ramakrishnan
Waiting for Fitzgerald

Michael Donnelly
Look Who's Talking Now: the GOP on Perjury

Ron Jacobs
Escape the Weight of Your Corporate Logo

Cockburn / St. Clair
White House in Meltdown

 

October 26, 2005

Kathy Kelly
For Whom They Toll

Gary Leupp
Dialectics of the Plame Affair

Mike Marqusee
Empire of Denial

Eric Ruder
War Crimes in Afghanistan

Patrick Cockburn
Iraq: a Constitutionally Divided Nation

Joshua Frank
Fitzgerald v. the Bushies: Hold Your Elation in Check

J.L. Chestnut, Jr.
The Legacy of Rosa Parks

Website of the Day
Decent Work in America: the 2005 Work Environment Index

 

 

October 25, 2005

Paul Craig Roberts
Condi and Syrian Regime Change: Could Somebody Recommend a President?

Ken Sengupta / Patrick Cockburn
Attack on the Palestine Hotel

Conn Hallinan
Sleight of Hand: Iran, India and the US

Nafeez Mosaddeq Ahmed
Pulling the Court Strings

Jackie Corr
Barbara Bush: Poster Gorgon of the Houston Astros

Robert Day
Talk to Strangers

John Sugg
Judith Miller and Me

 

October 24, 2005

Dave Lindorff
Revoke Judy Miller's Pulitzer

Michael Donnelly
Shades of Iran/contra

Patrick Cockburn
A Nation Stands on Trial

Mike Whitney
Apres Rove

Norman Solomon
Iraq is Not Vietnam, But...

Bill and Kathleen Christison
US Foreign Policy and Palestine

 

October 22 / 23, 2005

Alexander Cockburn
When Divas Collide: Maureen Dowd v. Judy Miller

Billy Sothern
Letter from the Circle Bar, New Orleans

Saul Landau
Bush, an Assessment

Ralph Nader
An Open Letter to Bush on Harriet Miers

Behrooz Ghamari
Whose Justice Does Saddam's Trial Serve?

Brian Cloughley
Bush the Strategist: Pyrrhus Without a Victory?

Diana Barahona
Venezuela's National Workers' Union

Fred Gardner
Dershowitzed!

Lee Sustar
What the War on Terror is Really About

Patrick Cockburn
Murder of Saddam Trial Defense Lawyer

Laura Carlsen
Mexico City Seamstresses Recall 1985 Quake

James Petras
China Bashing and the Loss of US Competitiveness

Joshua Frank
Invading Iran: Who is to Stop Them?

Manuel Garcia, Jr.
Disasters are Us

Michelle Bollinger
When Abortion Was Illegal

Missy Comley Beattie
CSI: Iraq

Kona Lowell
Intelligent Design: Making High School Fun

Ben Tripp
Tanks for the Memories

Jeffrey St. Clair
Playlist: What I'm Listening To This Week

Poets' Basement
Albert and Engel

Website of the Day
Indictment Watch

 

October 21, 2005

Dave Lindorff
The Democrats' Abortion Hypocrisy

Winslow T. Wheeler
Paying for Their Mistakes: Incompetence, Deception and the Defense Budget

Col. Dan Smith
The Destruction of the National Guard

Norman Solomon
Media at Crossroads: 25 Years After Reagan's Triumph

Madis Senner
Abusing Katrina

Michael Donnelly
Richard Pombo: DeLay in Cowboy Boots


October 20, 2005

Dave Lindorff
Impeachment Comes to NYC

Ray McGovern
16 Fatal Words: Cheney's Chickens Come Home to Roost

Jeremy Brecher /
Brendan Smith

Attack Syria? Invade Iran?: By What Constitutional Right?

Patrick Cockburn
Saddam Refuses to Recognize Court

Kevin Zeese
Was the Iraqi Constitution Vote Fixed?

Ross Eisenbrey
Millions Would Lose Pay and Protections Under Enzi Amendment

Randy Shields
James McMurtry Makes It in Dayton

Justine Davidson
Prosecuting Bush in Canada for Torture: a Small Victory

After Lucas Cranach
Judy and Holofernes

Joe Allen
The Scandalous History of the Red Cross

 

October 19, 2005

Christopher Reed
Koizumi and the Rape of Nanking

Stephen Soldz
Bush and Avian Flu: the Excuses Begin to Fly

Chet Richards
War and Intelligence

Patrick Cockburn
Saddam on Trial

Scott Richard Lyons
Multicultural Columbus?

Ralph Nader
An Interview with Rev. William Sloane Coffin

Website of the Day
Shocking Video: Why Birds May Be Taking Viral Vengeance on Humans

 

October 18, 2005

Chet Flippo
Merle Haggard: "Let's Get Out of Iraq"

Ron Jacobs
Dual Devotions: the Catholic Church and the US Flag

Keeanga-Yamahtta Taylor
A Tale of Two Cities: From DC to Toledo

Dave Lindorff
Judy Miller: Little Miss Run Amok

Virginia Rodino
A Winter Patriot: Reflections on the Antiwar Movement

Thomas Healy
The Weather in Goshen: Still Radical After All These Years

Ralph Nader
A New New Orleans

Stephen Lendman
The Sorrows of Haiti

Patrick Cockburn
On the Eve of Saddam's Trial: a Divided Iraq

 

October 17, 2005

Peter Linebaugh
Spinoza and the Black Limos

Norman Solomon
Judith Miller, the Fourth Estate and the Warfare State

Cockburn / Sengupta
"If the Sunnis Don't Like It, That's Their Problem"

Mike Whitney
Miller's Confession: Last Gasp Before Indictments?

Uri Avnery
Iraq Now: What Awaits Samira?

Harold Pinter
Torture & Misery in the Name of Freedom

Website of the Day
Al Joudi v. Bush

 

October 15 / 16, 2005

Alexander Cockburn
Ayatollahs of the Apocalypse

Patrick Cockburn
"This Constitution Won't Get Me a Job"

Saul Landau
Two Terrorists and a Lush: Osama, Posada and Bush's Drinking

Neve Gordon
"Beyond Chutzpah": Exposing Grave Moral Distortions

Moshe Adler
Poverty in New York City

Christopher Brauchli
Lynndie England's Burden

Diane Farsetta
The Emperor Doesn't Disclose: the Fight Against Fake News

Sam Husseini
Notes on Current Reporting About Judith Miller

Monica Benderman
From Chaos to Conscience to Peace

Mickey Z.
POW Abuse by US: Nothing New Going On Here

Douglas C. Smyth
George W. Bush, the Honorius of Our Time

Lee Sustar
Will Delphi Bust the UAW?

Fred Gardner
Cannabinoids Arrive in Realm of Established Fact

Elizabeth Schulte
A Former Panther's Georgia Campaign: an Interview with Elaine Brown

Joshua Frank
Will the Democrats Save Harriet Miers?

David Vest
Down with Formalism! Up with Values!

Ben Tripp
Epistle II: the Reawakenign

Poets Basement
Engel, Albert, Ford and Louise

Website of the Weekend
The Hidden Canyon

 

October 14, 2005

Farrah Hassen
A Somber Ramadan in Syria

Ron Jacobs
The Black Panthers: They Haven't Forgotten; Neither Should We

Sasha Kramer
USAID and Haiti: the Friendly Face of Imperialism?

Katrina Yeaw
The Student Struggle in Italy

Nicole Colson
Bird Flu: Militarizing Health Care

Raúl Zibechi
Survival and Existence in El Alto

Nikolas Kozloff
Hugo Chávez and the Politics of Race

Website of the Day
LA Filmmakers Cooperative


October 13, 2005

Jeremy Scahill
Mr. Bush Goes to Tikrit (Sort Of)

Jeff Birkenstein
A Thoreau for Our Time: Why Cindy Sheehan Matters

Brendan Smith / Jeremy Brecher
Harriet Miers: Bush or the Constitution?

Stan Cox
Did You Know This About Iraq?

Anis Memon
The Curious Case of Russ Feingold

Gary Leupp
Miller, Libby and the June Notes

Dave Zirin
A Tribute to August Wilson

Matthew Koehler
America's Endangered Forests

Werther
The Two-Headed Monster

Website of the Day
Hurricane Song


October 12, 2005

Omar Waraich
Britain and the Quake: Mean and Stingy

William Cook
Voices Behind the Entombment Wall

Phil Gasper
Countdown to a Legal Lynching

Dave Lindorff
Impeachment Now and Then: Clinton, Bush and the Polls

Matt Vidal
Capital, Power and Class

John Gautreaux
New Orleans will Never be the Same

Diana Johnstone
Srebrenica Revisited: Using War as an Excuse for War

Mark Weisbrot
The IMF Has Lost Its Influence

Brian J. Foley
Gitmo Tribunals Endanger Public Safety

Website of the Day
Columbus Day Lies

 

October 11, 2005

Roger Morris / Steve Schmidt
Strategic Demands of the 21st Century

Lila Rajiva
Live from New Orleans: Abu Ghraib

Bill Quigley
New Orleans: Leaving the Poor Behind Again

Paul Craig Roberts
Natural Born Liars

Dave Lindorff
Recruiters in Schools: No Lie Left Untried

Dr. Teresa Whitehurst
Suspect Thy Neighbor

Mitchel Cohen
Showdown at Chuck E. Cheese

Tariq Ali
Pakistan will Never Forget This Horror

Website of the Day
L'Heure Americaine

 

October 10, 2005

Cindy and Craig Corrie
Rachel's Words Live

Joshua Frank
Washington's War Dems

Gideon Levy
The Beautiful Life Without Arafat

Alan Wallis
The Fight for Free Speech at Union Square

Mickey Z.
In Defense of Liars

CounterPunch News Service
Vermont Independence Convention

Paul Craig Roberts
The Police State is Closer Than You Think

Website of the Day
Dylan's Chronicles

 

October 8 / 9, 2005

Alexander Cockburn
Rhetoric and Reality in the Business of Getting Rid of Black People

Ralph Nader
Katrina and the Growls of Greed

Jennifer Van Bergen
New American Law: Legal Strategies in the Dharfir Case

Saul Landau
An Oily Religious Dream

Jeff Halper
Setting Up Abbas

Lenni Brenner
The Millions More Movement and Zionism

Nikolas Kozloff
Bird Flu and Bush

Brian Cloughley
Training Soldiers in Iraq

Alice Slater
A Nobel Prize for Chernobyl?

John Gautreaux
A View from Cajun Country

Fred Gardner
Does the Controlled Substances Act Mean What It Says?

Niranjan Ramakrishnan
The Leveethan Approach

M.G. Piety
Rot in the Ivory Tower: Collusion, Cover-Up and Kierkegaard

Tom Gorman
The Hitchens Doctrine

Mike Whitney
Bunker Days with George

Aseem Shrivastava
Beyond the Wasteland: Lessons from Afghanistan

Ben Tripp
Religion, an Epistle

Poets' Basement
Albert, Engel and Ford

 

October 7, 2005

Larry Johnson
The Plame Case: the Real Issues

Will Youmans
Why Do We Hate Our Freedom? Recruiters and Thugs on Campus

Dave Lindorff
Bird Flu: Evolution or Intelligent Design?

Judith Scherr
Haiti's Children's Prison

Russell D. Hoffman
Nukes for Peace, Revisited?: Nobel Prize Debacle

Jared Bernstein
Katrina and Jobs

Jennifer Van Bergen
New American Law: the Case of Dr. Dhafir

Website of the Day
FBI Witchhunt


October 6, 2005

P. Sainath
"Take That, Tom Friedman": Indian Masses Reject NYT's Neoliberal Idol Again

Scott Parkin
When Antiwar Activists Get Mugged

Paul Craig Roberts
Blundering into Syria

Andréa Schmidt
Haiti's Biometric Elections: a High-Tech Experiment in Exclusion

Dave Lindorff
Easy Money in the Big Easy

Joshua Frank
In Defense of Lew Rockwell

M. Junaid Alam
Jackboots at George Mason

Matthew Koehler
Cock and Bull on the Bitterroot

Robert Pollin
Is the Dollar Still Falling?

 

October 5, 2005

Heather Gray
Militarization is Not an Answer for Reconstruction: the Case of the Philippines

Robert Jensen
Is Bush a Racist?

Ramzy Baroud
Bush's Final Choice: America or the Empire

Col. Dan Smith
Keeping Promises to Iraq: "Everything is Bad"

Dave Zirin
Barry Bonds Laughs Last

Paul Craig Roberts
Liberal Guilt? How the Neocons Took Over

Alan Maass
Doing the Right Wing's Dirty Work

 

October 4, 2005

Nikolas Kozloff
Shocking the Two Party System: a Political Opportunity for Sheehan and the Antiwar Mvt.

Mike Roselle
Houston, You've Got a Problem

Joshua Frank
The Scoop on Harriet Miers

John Chuckman
War Porn: What the Gruesome Images Say

Alan Farago
Storm Warning for Jeb: Developers, Hurricanes and the Keys

Mickey Z.
An Interview with Thaddeus Rutkowski

Christine & Ethan Rose
Home Depot Exploits Hurricane Victims

Gary Leupp
An Earlier Empire's War on Iraq: a Lesson from Roman History

Website of the Day
Rodney Crowell on Bob Dylan

 

October 3, 2005

Vijay Prashad
Desperation at Holyoke

Paul Craig Roberts
Condi Rice: Gunslinger

Joshua Frank
An Interview with Cindy Sheehan

Seth Sandronsky
The Hiring Crisis for Black Teens

Jeffrey St. Clair
The Great Green Scare

 

 

 

 

 

 

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November 5 / 6, 2005

The Unfolding Economic Nightmare

Will Big Business Turn on Bush?

By MARK ENGLER

The Bush administration has a reputation for creating an unusually business-friendly White House. Put Dick Cheney's secretive Energy Task Force and massive tax cuts together with corporate lobbyists writing regulations for their own industries, and you've made an argument that seems pretty persuasive.

There are reasons, however, to consider a contrary notion: Maybe George Bush and Dick Cheney aren't very good capitalists at all.

George W. Bush's history as a failed businessman is well known. Dick Cheney, portrayed by conservatives as a brilliant ex-CEO and by progressives as a Halliburton shill, also has a suspect past. While he certainly increased Halliburton's profile in four-and-a-half years as its chief, his foremost accomplishment was the $7.7 billion acquisition in 1998 of Dresser Industries, a rival that turned out to be plagued with staggering asbestos-related liabilities. In the wake of Cheney's reign, multiple Halliburton divisions sought bankruptcy protection and the company's stock price plunged. Rolling Stone magazine reported in August 2004, "Even with the bounce Halliburton stock has received from the war, an investor who put $100,000 into the company just before Cheney became vice president would have less than $60,000 today."

Many analysts hold the Vice President accountable for the downturn, arguing that Dresser's asbestos problems, which cost Halliburton billions, were predictable. Less harsh critics nonetheless question his success as a business leader. For instance, Jason E. Putman, an energy analyst at Victory Capital Management, argues that, as Halliburton chief, "[o]verall, Cheney did maybe at best an average job." Newsweek's Wall Street editor, Allan Sloan, is less complimentary, suggesting Cheney was a "CEO who messed up big-time."

When it comes to Iraq, we hear a lot about the government largesse flowing toward Halliburton, Bechtel, and a handful of other favored firms. Less often do we consider the possibility that the administration's "war on terrorism" has been a major business blunder. If you start, though, with the lackluster corporate records of Bush and Cheney, the administration's foreign policy comes into quite a different focus. Even if you believe that the White House is designing its overseas crusade to benefit U.S. corporations, there's no reason to assume that it has been doing so successfully.

Increasingly, the business press is suggesting that corporate leaders, who once hoped the current administration would push the corporate globalization of the Clinton years to new heights, now fear another fate from the international order Bush has created. Tax cuts and deregulation on the domestic front have been obvious bonuses, but otherwise many U.S. multinationals face a troubling scene. The White House's failed CEOs have pursued a global agenda that, at best, benefits a narrow slice of the American business community and leaves the rest exposed to a world of popular resentment and economic uncertainty.

When it comes to the interventions of Bush, Cheney, Condi, and the neocons in the global economy, "at best an average job" might be a charitable judgment, and "messed up big-time" could be closer to reality. Those business people who have yet to join the majority that opposes the president's handling of his war in Iraq -- or the increasing chorus of conservative critics who have begun questioning the administration's foreign policy -- may soon have a long list of reasons to get on the bandwagon, starting with the bottom line.

 

Not KFC's War

In recent years, KFC has had some trying moments in the Muslim world. In early September, a bomb exploded inside one of the company's fried-chicken outlets in Karachi, Pakistan. It was not the first time the chain had been targeted. In May, a Shia mob, angered by U.S. backing for President Pervez Musharraf and by reported abuses at Guantánamo Bay, set fire to another KFC outlet -- one decked out with large images of Colonel Sanders set atop fields of stars and stripes. Two other branches were destroyed shortly after the U.S. attack on Afghanistan in 2001.

The woes affecting KFC go well beyond one fast-food chain -- McDonald's, too, has been attacked in Pakistan and Indonesia -- and the torching of fast-food outlets is only the most dramatic sign of the new business climate being fostered by a changing American foreign policy. If Clinton's diplomatic affairs could be described as a sustained effort to make the world safe for Mickey Mouse, Microsoft, and popcorn chicken, the Bush/Cheney agenda represents something altogether more dangerous for business.

The Clinton administration served as a steady advocate for building a cooperative, "rules-based" international economy -- a multilateral order known to critics as "corporate globalization." The Bush administration, while purporting to be interested in issues like "free trade," has offered up a very different set of policies. Aggressive and unilateralist, it has fashioned a new model of "imperial globalization" which has even put multilateral institutions like the World Trade Organization, decried by globalization activists, in jeopardy. Rather than working through such bodies, the current administration has regularly shown intransigence in international negotiations around trade and development; it has focused on tying its aid for other countries directly to its militarist prerogatives; and it has tried to deny war-weary "Old Europe" its traditional role as a junior partner in the globalization endeavor. In the process, it has begun dismantling an international order that served multinational corporations very well in the booming 1990s, and facilitated their rise over the past 30 years.

In short: If Bush is an oil president, he's not a Disney president, nor a Coca-Cola one. If Cheney is working diligently to help Halliburton rebound, the war he helped lead hasn't worked out nearly so well for Starbucks.

 

A Bungled-Brand America

Whether the administration's bold gamble for U.S. global dominance will prove profitable either in the near future or in the long run, the business costs of this approach are already becoming evident. For starters, the new wave of anti-Americanism sweeping the planet goes far beyond KFC bombings in South Asia or widespread hostility in the Middle East. In Asia, the South China Morning Post has noted that a "strong, growing hostility" toward the United States has complicated Disney's expansion plans in the area. The Bush imperial foreign policy, moreover, is inspiring consumer backlash even among traditional allies.

In December 2004, Jim Lobe of Inter Press Service reported on a survey of 8,000 international consumers released by the Seattle-based Global Market Insite (GMI) Inc. The survey noted that

"one-third of all consumers in Canada, China, France, Germany, Japan, Russia, and the United Kingdom said that U.S. foreign policy, particularly the 'war on terror' and the occupation of Iraq, constituted their strongest impression of the United States... 'Unfortunately, current American foreign policy is viewed by international consumers as a significant negative, when it used to be a positive,' comments Dr. Mitchell Eggers, GMI's chief operating officer and chief pollster."

Brands the survey identified as particularly at risk at the time included Marlboro cigarettes, America Online (AOL), McDonald's, American Airlines, Exxon-Mobil, Chevron Texaco, United Airlines, Budweiser, Chrysler, Barbie Doll, Starbucks, and General Motors.

More recent assessments have verified these trends. Indeed, in past months, a litany of stories in the financial press featured unnerving questions for business. Typical were the British Financial Times in August (World Turning Its Back on Brand America) and Forbes in September (Is Brand America In Trouble?).

A U.S. Banker magazine article from August relaying the results of an Edelman Trust Barometer survey of global elites found that "41 percent of Canadian elites were less likely to purchase American products because of Bush Administration policies, compared to 56 percent in the UK, 61 percent in France, 49 percent in Germany and 42 percent in Brazil."

It's not just snooty foreigners who are negative, either. American business leaders themselves have been starting to link economic woes to imperial policy. The previously mentioned U.S. Banker article warned, "[T]he majority of American CEOs, whose firms employ eight million overseas, are now acknowledging that anti-American sentiment is a problem." And a 2004 Boston Herald story, headlined Mass. Execs: Iraqi War Hurting; U.S. competitiveness becoming a casualty, pointed to the "sixty-two percent of executives surveyed by Opinion Dynamics Corp. [who] said the war is hurting America's global competitiveness."

Regularly featured in stories about America's image problems is a group of corporate executives who have come together as Business for Diplomatic Action (BDA).While avoiding an explicit stance on the Iraq war, the BDA argues:

"The costs associated with rising anti-American sentiment are exponential. From security and economic costs to an erosion in our ability to engender trust around the world and recruit the best and brightest, the U.S. stands to lose its competitive edge if steps are not made toward reversing the negativity associated with America."

Compared to the adverse impacts of Bush's imperial globalization, the administration's efforts at Karen-Hughes-style brand rehabilitation are laughable -- and the BDA knows it. Taking diplomatic matters into their own hands, BDA spokespeople flatly state, "Right now the US government is not a credible messenger."

 

A Quagmire for Corporations

Is the problem just one of perception, or have the wages of war cut into business profits? In June 2004, USA Today reporter James Cox wrote about how financially ailing companies are pointing to the war as the culprit:

"Hundreds of companies blame the Iraq war for poor financial results in 2003, many warning that continued U.S. military involvement there could harm this year's performance. In recent regulatory filings at the Securities and Exchange Commission (SEC), airlines, home builders, broadcasters, mortgage providers, mutual funds and others directly blame the war for lower revenues and profits last year."

Among those complaining, Hewlett-Packard claimed that the occupation of Iraq has created uncertainty and hurt its stock price; meanwhile, media companies Hearst-Argyle Television, Sinclair Broadcast Group, and Journal Communications bemoaned the number of TV and radio ads pre-empted by war news.

While fingering the war might be just a convenient excuse for some underperforming executives, the level of grumbling is noteworthy, as are the comments of outspoken fund managers profiled by Cox:

"'The war in Iraq created a quagmire for corporations,' David J. Galvan, a portfolio manager for Wayne Hummer Income Fund, says in his letter to shareholders.

"Vintage Mutual Funds concludes that 'the price of these commitments (in Iraq and Afghanistan) may be more than the American public had expected or is willing to tolerate'

"In an SEC filing, Domenic Colasacco, manager of the Boston Balanced Fund, calls the ongoing U.S. occupation 'sad and increasingly risky.'"

Of course, we know that reconstruction companies are posting profits. Sales of gas masks and armored Humvees are also up. But such war-supported companies are a small minority. On the other hand, the diverse businesses in the tourism industry have taken a huge blow. Delta Air Lines, JetBlue, Orbitz, Priceline.com, Morton's steakhouses, Fairmont Hotels & Resorts, and Host Marriott, to name just a few, have blamed disappointing returns on the war. Travel industry leaders have warned:

"The US is losing billions of dollars as international tourists are deterred from visiting the US because of a tarnished image overseas and more bureaucratic visa policies... 'It's an economic imperative to address these problems,' said Roger Dow, chief executive of the Travel Industry Association of America, tourism's main trade body... Mr. Dow stressed that tourism contributed to a positive perception of the US... 'If we don't address these issues in tourism, the long-term impact for American brands Coca-Cola, General Motors, McDonald's could be very damaging.'"

 

Economic Nightmares Foretold

Every year, the global business elite gathers at a resort in Davos, Switzerland for the World Economic Forum. In the high-flying Clinton years, a feeling of exuberance pervaded the globalists' gathering -- protests outside their meetings notwithstanding. By January 2003, however, the mood in Davos had already darkened perceptibly. Economic optimism was waning. The coming war in Iraq, in particular, was causing concern. Corporate leaders showed little more enthusiasm than the protestors outside for the impending unilateralist invasion. Analysts fed their misgivings, citing "the threat of war as the biggest question mark hanging over global growth prospects."

Around the same time, progressive economists Dean Baker and Mark Weisbrot detailed a possible worst-case scenario in a policy report entitled The Economic Costs of a War in Iraq. Beyond the costs of anti-Americanism abroad, they focused on three additional areas of concern: A war-related oil shock that might cost the American economy hundreds of thousands of jobs over a seven-year period; a heightened risk of terrorist attacks in the U.S. which might result in increased security costs, slowing the growth of the Gross Domestic Product (GDP); and a likelihood that increased oil prices would drag the developing world into a deep recession.

I asked Baker how relevant the report's concerns have proven. Though he emphasizes that the worst did not come to pass, he notes worrying signs. Oil prices have indeed skyrocketed, owing largely to increased demand from China and India, but exacerbated by Iraq's AWOL oil. Moreover, as each new intelligence estimate predicts that we are less, not more, secure because of the Iraqi occupation, the risk of an economy-crippling attack grows. Already, Baker points out, the hours we spend waiting in security lines at the airport or delayed in city subways represent costly economic losses.

Then, of course, there is the as yet unrealized possibility that spreading guerilla warfare and terrorism will include escalating sabotage against vast and largely indefensible stretches of oil pipeline in the Middle East. It is this scenario among others that caused professor of Middle Eastern history and Informed Comment blogger Juan Cole to liken Bush's Iraq debacle to "throwing grenades around in the cockpit of the world economy."

Such costs, foretold before the invasion, suggest that the pre-war pessimism in Davos was well justified. And such a modest list hardly exhausts the possible economic "downsides" to Bush administration policies in Iraq and beyond. The debate about Congressional spending, for one, deserves at least passing mention. Whether fiscal conservatives are right that Iraq- and tax-cut-bloated deficits are necessarily bad for business, or whether Military Keynesianism has actually been helping to soften a periodic economic downturn, the idea of war without sacrifice should sound fishy to any account-minded executive. Take direct war costs running in the hundreds of billions, add in medical bills for disabled veterans, then throw in the costs of National Guard reservists being pulled from small businesses, and pretty soon you're talking real money. At some point the overvalued dollar, which our creditors in the central banks of China and Japan have decided to let ride for the time being, will have to come down and is likely to bring the economy with it. When that happens, Colonel Sanders won't be the only one to feel the pain.

 

Will Business Turn?

Back in August of the 2004 election cycle, the Kerry campaign distributed a list of 204 business executives who supported the candidate's policies. It was a nice try, but, as Bloomberg News reported, the Democrat trailed Bush badly in corporate support. Fifty-two chief executives from major companies had by then donated to Kerry; 280 to the president's re-election campaign. (Business being business, "at least three executives on Kerry's list also gave the maximum $2,000 to Bush's re-election campaign.")

A year has passed since the elections. Approval ratings for the victorious president continue to sink to all-time lows, and "staying the course" remains official Washington policy for Iraq. In this context, it's not surprising that Republican "realists" like Brent Scowcroft (who warned in a Wall Street Journal op-ed before the war that "it undoubtedly would be very expensive -- with serious consequences for the U.S. and global economy") are making noise again. And it would make perfect sense if an increasing number of those Bush CEOs were by now pining for a return to Clinton-style multilateral globalization of a sort still held out by the defeated Senator from Massachusetts and many other Democrats.

Neither of these alternative camps will seem particularly appealing to progressives, but they pose a genuine threat to the imperial globalists who seem incapable of extracting themselves from Iraq. Indeed, intra-party rivalry among the Republicans -- which is likely to increase as we enter an election year -- could play a vital role in turning White House hawks into dead ducks. All the better if this avian transformation is sped by dissatisfaction from corporate leaders reevaluating the costs of Bush foreign policy and deciding that empire just doesn't pay.

Mark Engler, a writer based in New York City, is an analyst with Foreign Policy In Focus. He can be reached via the web site http://www.DemocracyUprising.com. Research assistance for this article was provided by Kate Griffiths.

This article was first published by Tomdispatch.com (http://www.tomdispatch.com/index.mhtml?pid=33201) and appears with permission of the author.






 

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