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America’s Economic CrisisThe Bush legacy: a nation buried under mortgage and credit card debt and a blown-out economy, with looming mass unemployment AND hyper-inflation. What Obama and the new team face and what they must do. PLUS a Sixties “Terrorist” Looks Back at the Capitol Bombing. PLUS “The Dystopia’s in the Oven, Darling”: Alexander Cockburn on America’s Food. Only in CounterPunch newsletter! Get your copy today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great presents.
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Today's Stories December 1, 2008 Patrick Cockburn November 28-30, 2008 Alexander Cockburn Mike Whitney Ted Honderich Tom Kerr Mike Ely David Yearsley Deepak Tripathi Sonja Karkar Ramzy Baroud Robert Weitzel Robert Roth Carlos Fierro David Macaray David Rosen James Cockcroft Stan Cox Steve Conn Stephen Martin Richard Rhames Kim Nicolini Lorenzo Wolff Poets' Basement November 27, 2008 Tariq Ali Steve Hendricks Ralph Nader John Walsh Dave Lindorff Christopher Brauchli Matthew Koehler Website of the Day
November 26, 2008 Michael Hudson Alan Farago Stanley Heller Kevin Zeese Steve Conn Ray McGovern Ron Jacobs Eric Walberg Martha Rosenberg Matt Siegfried Website of the Day
November 25, 2008 James Abourezk Ralph Nader Patrick Irelan John Ross Fred Gardner Dan LaBotz Tom Barry Norman Solomon Richard Morse Chris Strohm Website of the Day November 24, 2008 Mike Whitney Pam Martens Laray Polk David Ker Thomson Uri Avnery Joe Mowrey Ramzi Kysia Kevin Zeese Dave Lindorff David Macaray Howard Lisnoff Website of the Day November 21 / 23, 2008 Alexander Cockburn Michael Hudson Mike Whitney Barbara Rose Johnston / Serge Halimi Alan Farago Ralph Nader Saul Landau Robert Bryce Shannon May Binoy Kampmark Jack Ely Ramzy Baroud Missy Beattie Larry Portis James McEnteer Christopher Brauchli David Yearsley Adam Engel Ron Jacobs Lorenzo Wolff Poets' Basement Website of the Weekend November 20, 2008 P. Sainath Brian McKenna Paul Craig Roberts Andy Worthington Peter Lee Dr. Eyad al-Serraj Sen. Russ Feingold Lance Selfa Ray McGovern Benjamin G. Davis Tracy McLellan Website of the Day November 19, 2008 M. Shahid Alam Mario A. Murillo Martine Boulard Robin D. G. Kelley Behrooz Ghamari-Tabrizi Jonathan Cook Steve Conn George Wuerthner Michael Winship Stephen Martin Website of the Day November 18, 2008 Chellis Glendinning George C. Wilson Franklin Lamb Bill and Kathleen Christison Roger Burbach John Ross Wajahat Ali Damien Millet / Marc Gardner Eric Walberg Wendy Williams Website of the Day November 17, 2008 Michael Hudson Paul Craig Roberts Mike Whitney Steve Conn Andy Worthington Jonathan Cook Rannie Amiri David Macaray David Michael Green Charles Modiano Website of the Day November 14 / 16, 2008 Alexander Cockburn Jeffrey St. Clair Mike Whitney Sasan Fayazmanesh Moshe Adler Anthony DiMaggio Jean Bricmont Sheldon Rampton Douglas Valentine Joseph Nevins / Tom Barry Ron Jacobs Larry Portis Mary Lynn Cramer Obama's Brain Trust: Seems Like Old Times Sherry Wolf Peter Cervantes-Gautschi Jacob Hornberger Lance Selfa Benjamin Dangl Seth Sandronsky Russell Mokhiber Allan Stellar Kelly Overton Martha Rosenberg Richard Rhames David Yearsley Lorenzo Wolff Poets' Basement Website of the Weekend
November 13, 2008 Pam Martens Vijay Prashad Patrick Cockburn Jonathan Cook Ralph Nader Bill Quigley Lee Sustar Omar Barghouti Steve Conn Howard Lisnoff Jeff Cohen Website of the Day November 12, 2008 Johanna Berrigan Steve Conn Patrick Bond Bokar Ture / Alan Farago Dave Lindorff Karl Grossman David Macaray George Wuerthner Susie Day Website of the Day
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December 1, 2008 More Suburbs, More CarsThe Right's War on RegulatorsBy ALAN FARAGO "Anatomy of a Meltdown" in the recent edition of The New Yorker ((Dec 1, 2008) begins, "Some are born radical. Some are made radical. And some have radicalism thrust upon them." The article goes on at length to explore the rapid evolution of the federal response to the financial crisis, through which formerly free market acolytes in the Treasury Department and Federal Reserve responded with the most sweeping federal intervention in US economic history. It occurs that the point about radicalism is largely missed. The radicalism distilled through the last decade is the idea that government is the problem. It is an idea that hacked at the foundation of democracy; in the conduct of war, in the repression of individual freedom, in the safety of our air and water, and America's standing in the world. The idea that government is the problem is at the heart of the Republican Reformation that began in the 1994 Congressional mid-term elections and propelled Bush political fortunes in Tallahassee and Washington, DC. Its dominant strain defined Republican values; a cause for war against government lead by Karl Rove, Grover Norquist and conservative foundations that still supply bankrupt ideas as intellectual capital. Then Florida Governor Jeb Bush articulated the cause for war in his 2003 inauguration address when he said: “There will be no greater tribute to our maturity as a society than if we can make these buildings around us empty of workers; as silent monuments to the time when government played a larger role than it deserved or could adequately fill.” The workers he meant to get rid of-- the meaning was clear to the invited audience-- were regulators. And, mainly, environmental regulators. The Bush assault against environmental regulations represented the high water mark for a Forty Year War; exhausting itself not through any act of environmentalism but because of the financial crisis, triggered by the suppression of regulations. Still, the war is visible most clearly in places like South Florida where the trampling of rules and intimidation of regulators goes on throughout local government without criticism or penalty. Today General Motors Corp.’s board is meeting in Detroit to discuss a rescue plan to present to Congress that may determine, according to Bloomberg News, "if Chief Executive Officer Rick Wagoner can save the company and keep his job." I wonder why the board of directors of GM should keep their jobs. Among GM's board of directors is Miami's Armando Codina, who brought Jeb Bush into the real estate industry where he made his fortune and is one of George W. Bush's strongest supporters. Codina joined the GM board in 2002. According to the GM website, Codina is also a board director of Merrill Lynch. The fall of GM has its roots in a business model that no one dared to criticize beyond environmentalists who for decades pleaded with Congress and the states to clamp down on selling private ownership of cars and trucks by the pound of metal; the more pounds, the more profit for auto manufacturers, oil producers and gasoline distributers, and production home builders. More suburbs, more cars. What this easy-to-grasp formula fails to capture is how fiscal stewardship of the largest publicly owned corporations used the mantra "government is the problem" to avoid regulation and spurn protections of the environment while encouraging the proliferation of unsustainable credit based on toxic derivatives; the undoing of Merrill and trillions of value now disappeared. Today, the Wall Street Journal speculates on whether Rick Wagoner, GM chief, will be able to keep his job. Its fretting is directed to the legacy cost of pensions, healthcare, executive compensation and union agreements hammered out in times when even union leaders could ignore the peril of financial gerrymandering. If taxpayers bail out GM, its board of directors should be asked to leave by Congress, as should the boards of any publicly held that receive the blessing of free market economic ministers now turned radical government interventionists. Alan Farago, who writes on the environment and politics from Coral Gables, Florida, and can be reached at alanfarago@yahoo.com
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