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Today's Stories

November 7 / 9, 2008

Jean Bricmont
Our Obama Problem

November 6, 2008

Frank J. Menetrez
Now What?

John Chuckman
The Big Leap: From Hope to Change

P. Sainath
A Magic Moment (But Still Behind the Global Curve)

Joshua Frank
A Look Under the Hood of an Obama Administration

Edna Canetti
Come, Obama, Change My Life: a Plea from Israel

John Ross
Brad Will is Still Dead

Norman Solomon
Sorry Joe: a Mandate for Spreading the Wealth

Fawzia Afzal-Khan
The Morning After: Pakistan and Its New Bedfellow

Robert Weissman
Mordor Brightens: Obama's Challenge--and Our Own

Harvey Wasserman
A Blow to Nuclear Power in Chicago

Website of the Day
Pot Wins Big

 

November 5, 2008

Cockburn / St. Clair
Why McCain Lost

Chuck Spinney
How Obama Won

Ishmael Reed
Morning in Obamerica: the Promised Land?

Chris Floyd
A Prism for the New Paradigm: "What If Bush Did It?"

Binoy Kampmark
Obama's Victory: a Nation Divided

Michael Donnelly
The Rebooting of America, 2008

David Macaray
Who Should be Secretary of Labor?

Peter Morici
Obama's First Moves on the Economy

Manuel Garcia, Jr.
What Real Change Should Bring

William Willers
Will We be Forced to Sell Off the Public Lands?

Website of the Day
The Killing Fields of South Africa

November 4, 2008

Kathleen Christison
McCain, Obama and Khalidi

James Ridgeway
A New World?

Winslow T. Wheeler
Cleaning Out the Pentagon Pig Sty

Mike Whitney
Obama's Little Red Book

Conn Hallinan
A New Foreign Policy

Holly M. Barker
The Inequities of Climate Change and the Small Island Experience

Ashley Smith
Where is the Occupation of Iraq Heading?

Andy Worthington
Guilty Verdict Fails to Justify Gitmo Trials

Martha Rosenberg
AIG: Too Big to Play Fair

Stephen Martin
Breakdown of the Globalisation Agenda

Doug Lummis
Full Moon Over Okinawa

Carlos Fierro
An Anarchist View of Elections

Website of the Day
La Pequeña as Sarah Palin

November 3, 2008

Patrick Cockburn
Friends Like These

John Kennedy O'Hara
Voter Lockdown: Prosecuting Voters

Peter Montague
Is Nuclear Power Green?

Steve Conn
Nader and the Youth Vote

Andrew Gebhardt
How Much Do the Differences Between Obama, McCain and Bush Really Matter?

Ron Jacobs
Bombing Syria: Borders are for Sissies

Ralph Nader
Between Hope and Reality: an Open Letter to Senator Obama

Niranjan Ramakrishnan
Cleaning Up After Bush

Uri Avnery
Obama and the Order of the Optimists

Dave Lindorff
Studs and Me

Fred Gardner
Adieu, Rimonabant

DC Larson
You Are How You Vote

David Michael Green
McCain Finally Gets Tough

Val Strange
Hopeless Hoi Polloi or Step in the Right Direction?

Tuli Kupferberg /
Jeffrey Lewis

Wailing Wall Street:
Bring Spare Money!

Website of the Day
Pranking Palin (the Uncut Version)

 

October 31 , 2008

Alexander Cockburn
Change You Can See

Jeffrey St. Clair
Killing Leroy Jackson: the Indian Wars Have Never Ended

Douglas Valentine
Giving Aid and Comfort to the Enemy: McCain's 14th Amendment Problem

Ismael Hossein-Zadeh
The Great Bailout Fraud: Misrepresenting the Financial Crisis

Dr. Ignacy Nowopolski
Is the Global Economy a Mistake? an Interview with Paul Craig Roberts

Alan Maass
What's So Funny About Peace, Love and Spreading the Wealth?

William P. O’Connor
Reflections of an Average Joe

Patrick Irelan
Johnny's Tantrums: McCain the "Gook Hater"

Brian Cloughley
Out of Control: Memo From Islamabad

Mats Svensson
The Last Dance in Ramallah

Binoy Kampmark
Into Syria We Went

Steve Conn
The Future of Ted and Sarah

Alan Farago
The Division of Florida: the Politics of Growth

Morton Skorodin
The Bush-Obama-McCain Administration

Robert Bryce
Not McCain

Wajahat Ali
Dear John McCain, Please Stop...

David Yearsley
Palin's Flute, Obama's Voice

Dennis Loo
What to Do with Bush and Cheney?

Pam Martens
Why 2008 Feels Like 1932

Stephen Martin
Defense Strategies in Economic Warfare

Richard Rhames
Nothing for Something: the Doomed Rustic's Lament

Ramzy Baroud
A Third Palestinian Intifada

Missy Beattie
I'm Sick of Their Voices

Howard Lisnoff
Burning Reason: More From the Religious Right

Richard Neville
Pickled Heads: First the Revelation, Then the Revolution

Saul Landau /
Farrah Hassan

Bush Ultra Lite: Oliver Stone's Oedipal Problem

Kim Nicolini
Max Payne: Vigilante Violence as Sex Story

Lorenzo Wolff
Dance to the Music--or Else!

Poets' Basement
Four Poems from the Japanese Trans. by Rexroth

Website of the Weekend
Art Against Empire

October 30, 2008

Cockburn / St. Clair
McCain's Women Problems

Vijay Prashad
Smearing Rashid Khalidi

Paul Craig Roberts
World Tires of Rule by Dollar

Glen Ford
Turning the Tide of Ethnic Cleansing in America's Cities

Stanley Heller
Wall Street Bonus Madness

William Loren Katz
"Kill Him!:" a Political Chronicle

Joshua Frank
Memo to Progressives for Obama: What Happens After the Election?

James McEnteer
The Year of Unreliable Witnesses

Felice Pace
The Big Change: Can "Civic Unreasonableness" Save the Earth?

Jonathan Cook
The Executions at Kafr Qassem

Reza Fiyouzat
Boycott the Elections!

Website of the Day
An Open Letter to Whole Foods

 

October 29, 2008

Arno J. Mayer
The US Empire will Survive Bush

Eric Toussaint
How the Food and Financial Crises are Interconnected

Matt Gonzalez
What Do They Have to Do to Lose Your Vote?

Steven Conn
Obama and the Camp Followers

Jonathan Cook
Israel Bars Visit to a Father's Grave

Patrick Bond
Strauss-Kahn Strikes Again!

Ramzi Kysia
A Freedom Rider in Gaza City

Douglas Valentine
A Glimpse Inside the Head of Joe the Plumber

Stephen Martin
What America is Owed

Margaret Dooley-Sammuli
Alternatives to Incarceration

Amee Chew
Support Obama, Vote McKinney?

Website of the Day
N-Word Chant Doesn't Phase Palin

 

October 28, 2008

James G. Abourezk
How to Bail Out the Taxpayers

Andy Worthington
The Empty Chair at Guantánamo

Gary Leupp
The Specter of the Sixties: Palin v. Ayers

Paul Craig Roberts
The End of the American Road

Mike Whitney
Meet the World's New Currency

Gregory V. Button
What the Next President Must Do to Save FEMA

Ralph Nader
Share the Sacrifices, Share the Benefits

P. Sainath
Haunted by Socialism

Martha Rosenberg
Melting Pot in Hell

Charles R. Larson
Palin/Wurzelbacher 2012!

Website of the Day
Why You Can't See Across the Grand Canyon

October 27, 2008

Michael Hudson
Scenes From the Global Class War

Barbara Rose Johnston
The Clean, Green Nuclear Machine?

John Dinges
Palling Around with Dictators: McCain and Pinochet

Mike Whitney
Chickenhawks and the Horrors of War

Mary Lynn Cramer Greenspan's Higher Power

Alan Farago
Origins of the Fall

David Michael Green
Remind Me Again: Who Won the Cold War?

Andy Worthington
The Collapse of Omar Khadr's Guantánamo Trial

George Wuerthner
Is Ranching Sustainable? The Story of Bob the Rancher

Niranjan Ramakrishnan
The Obamanations of Barack

Website of the Day
Heartland of Darkness

October 24 / 26, 2008

Alexander Cockburn
Waiting for the Curtain to Rise

Ishmael Reed
Boogiemen: How Lee Atwater Perfected the G.O.P.'s Appeal to Racism

Mike Whitney
Down for the Count

Don Santina
How Maria Fell: Death in the Central Valley

Scott Boehm
Manufacturing Sympathy: Palin, Special Needs and Identity Politics

Saul Landau
Faith-Based Surge: Whining About Winning in Iraq

Ron Jacobs
Iraq and the Arrogance of Washington

Binoy Kampmark
Afghanistan the Un-Winnable

Linn Washington Jr.
The Great Vote Fraud Hoax

Nicole Colson
Mocking Our Rights: McCain's Disdain for Women's Health

Bernard Chazelle
The Humorology of Power

Brian Jones
Campaign by Codeword

Christopher Brauchli
Down the Drain with McCain's Vetters

Benjamin Dangl
Bolivia Rejects Neoliberalism

Val Strange
The Fraternity of John McCain: Scenes from North Carolina

Joe Mowrey
Name That Candidate: He Supports Petraeus, the Death Penalty, the Bailout, Nuclear Power, the Occupation...

Steve Early
SEIU Learns the Meaning of "No"

David Macaray
Patriotism and the Labor Movement

Allison Kilkenny
You Have the Right to Airport Harassment

Richard Rhames
Open Season

Jim Bell
Nuclear Power's Big Con

Kris De Welde
Domestic Violence and Financial Stress

Barry Clemson
John Wayne Syndrome

Adam Engel
Last Exit to Disneyland

Mark Scaramella
The World's Weirdest Pipe Organ?

Tuli Kupferberg
Nobody for President: the Original Version (Annotated)

Lorenzo Wolff
A Frustrated, Broken-Hearted Joy from Kidnapkin

Poets' Basement
Gibbons, Swartzfager and Payne

Website of the Weekend
Patrick Cockburn Dismantles the Surge

October 23, 2008

Allan J. Lichtman
What Voter Fraud?

Todd Chretien
Why I'm Not Voting for Obama

John Ross
No Child Left Behind, Mexican-Style

Peter Morici
Strategies to End the Crisis

Mats Svensson
Short Film Clips at a Checkpoint

Marlene Martin
Don't Let Them Execute an Innocent Man

Robert Jensen /
Pat Youngblood
Looking Beyond the Election and Beyond Elections

Margaret Kimberley
Rightwing Obama Love

Deepak Tripathi
Post-Bush Scenarios

David Morris
Why Joe the Plumber is a Socialist (And You Are, Too)

Website of the Day
Voting While Black in North Carolina

October 22, 2008

Brian Cloughley
Kid Killers are Barbarians

Heather Gray
Raising Hell in the South: the Legacy of J. L. Chestnut, Jr.

Jeff Birkenstein
McCain's Disdain for Spain

Ralph Nader
The Song Remains the Same: Convergence and Avoidance in the Presidential Election

DC Larson
The Growing of a Heartland Nader Raider

David Swanson
Colin Powell, Not Qualified for Government Service

Keeanga-Yamatta Taylor Race and the Election: When the "Real" America Enters the Voting Booth

Larry Everest
9/11 and the Imperial Adventure in Afghanistan

Robert Fantina
Anything to Win

Martha Rosenberg
The Financier's Playbook

Stephen Martin
Giving It Up to the Combine

Website of the Day
Brokers with Hands on Their Faces

October 21, 2008

Vijay Prashad
Wealth's Apostles

Paul Craig Roberts
How Inflation Works: Why I Can't Buy an Old Ferrari

Corey D. B. Walker
Empire and White Supremacy

Steve Breyman
How to "Win" in Afghanistan

Eric Toussaint
The Economic Crisis and Latin America: Time to Delink

Wajahat Ali
Boo Radley Comes Out to Play: the Emerging Muslim-American Electorate

Robert Weitzel
Wasting a Vote for Lincoln's Radical Ideal (Or Why I'm Voting for Nader)

Brendan Cooney
Palinoscopy: an Exploration of Why Liberals are So Obsessed with Sarah Palin

Dave Lindorff
Cuba's Oil Reserves: a Game-Changer?

Marqueece Harris-Dawson / Bob Wing
When You're a Black Candidate There's No Such Thing as a Safe Lead

Patrick B. Barr
Socialist, Socialist, SOCIALIST!

Omar Barghouti
The Boycott and Palestinian Groups: Countering the Critics

Website of the Day
How to Dismantle a US War Plane (and Get Away With It)

October 20, 2008

Michael Hudson
The ABCs of Paulson's Bailout

Anthony DiMaggio
The Scandal That Never Was: ACORN, Rightwing Media and Election "Fraud"

Tariq Ali
Zardari Bans My Books

Uri Avnery
Is Akko Burning?

Bill Quigley
Hammered by the Swedes

Ben Rosenfeld
The Politics of St. Joe, Martyr to a Lie

David Michael Green
Payback's a Bitch: McCain on the Ash Heap

William S. Lind
The Afghanistan Advantage

Chris Genovali
Drill, Baby, Drill (Wink, Wink)

Stephen Martin
The Last Man in America

Howard Lisnoff
Bad News for War Resisters

David Yearsley
Organ Meat

Website of the Day
Our Brother is Sick: the Steve Ferguson Cancer Fund

October 17 / 19, 2008

Alexander Cockburn
Blow Ups and Bomber
s

Jeffrey St. Clair
Inside Hanford: a Trip to America's Most Toxic Place

Pam Martens
How the Banksters are Making a Killing Off the Bailout

Paul Craig Roberts
Government of Thieves

Mike Whtney
No More Investment Banks

Michael D. Yates
Bowling Alley Blues: Racism Dies Hard in Johnstown, PA

Suzanne Smith
The Energy-War Connection: McCain Said It, Why Don't We?

Carl Boggs
Prosecuting Bush

Ralph Nader
Closing the Courthouse Doors

Fidel Castro
The Global Crash

Dave Marsh
The Great Levi Stubbs

Saul Landau
Denial, the Election Musical Comedy

Jo Guldi
The Floods of Heaven

Kevin Zeese
Now the Cost of War Really Matters

Larry Everest
Afghanistan, Not a Good War Gone Bad

Steve Early
Stop, in the Name of Joe!

David Macaray
Hey, Joe

Ben Terrall
When Ike Hit Haiti

Missy Beattie
Palin and God's Children

Don Monkerud
American Exceptionalism

Helen Redmond
Health Care Now's Big Con

Dan Bacher
Schwarzenegger's Delta Vision: Canals and Dams to Bail Out Big Ag

Wajahat Ali
Bush Gets Stoned

Farzana Versey
The White Tiger's Stripes and Gripes

Vladimir Frolov
Medvedev to Obama: We Come Not to Bury America, But to Buy It

Kim Nicolini
Frozen River: At Last, a Great Movie That's Neither Hip Nor Cool

Poets Basement
Gibbons, Corsale, Davis and Fleming

Website of the Day
The Real Sarah Palin?

 

 

Weekend Edition
November 7 / 9, 2008

Mere Monetary Profit or Noble Social Values

Barack and the Temple

By STEPHEN MARTIN

Three years ago this month, people in poor French neighborhoods rioted for 21 days, burning cars and destroying property. The violence in those areas – known to the French as ‘Banlieues’, with large immigrant populations packed into concrete high-rise buildings and youth unemployment of about 40 percent, caused damage  estimated at 150 million Dollars.  Approximately 10,000 autos alone were ‘torched’.

In November 2007 rioters in Villiers-le-Bel, north of Paris, went on a rampage for a few nights, this time with guns. ‘Things are much more violent than in 2005,’ Patrick Ribeiro, head of the Synergie Officiers police union, said at the time. ‘The youths are shooting at us with handguns and hunting rifles.’

Last month Jean-Luc Besson's movie-production company, Europacorp SA, was forced to cancel filming of "From Paris With Love" starring John Travolta, in the Paris suburb of Montfermeil, after youths torched its autos and threatened the crew, despite the company having offered employment as extras to over 100 locals .

Nicolas Sarkozy, the President of France, or ‘Sarko’ as he is known,  has just failed in a legal attempt to have sales of a Voodoo Doll depicting him, carrying some of his quotes as would put likes of Dick Cheney to shame, stopped.

Amongst other of ‘Sarko’s bon mots contained thereon:

get lost, you pathetic arsehole’

as said to  poor French Citizen who refused to shake his hand at Agricultural show.

The subject of this small article is a particular aspect of the times in which we live.  The defining  aspect of our times even.

It is not in the primary instance ‘that one’ of the decline of political vernacular as mirroring tension or the widening gaps between the haves and have nots in Society – though I have to admit it was as ‘news’ to me that France has poverty to rival that found in the black ghettos of American Metropolis, where in Harlem for example, it can be that the average life expectancy of a 35-year-old black man is lower than that of the average male citizen of Bangladesh at the same stage in life.

The subject here is the burning issue of the times, albeit on back burner  as yet (?); the French phrase being as between ‘Liberalisme’ and ‘Dirigisme’ – or between ‘Free  Market’ and ‘State Intervention’.

Or indeed, as put by American true and proper: Between mere monetary profits and social values more noble.

One of the ‘benefits’ of this financial meltdown, if anything good can come from such,  and  unfortunately we ain’t seen nothing yet; is that a lot of people ‘all sides’ are going to have to think long and hard about so many of the things as have come to be taken for granted, the so called ‘free market’ being one. Foremost in mind here is the manipulation of the rugged spirit of individualism which has been purveyed as ‘pap for the swallowing’   in the Land of the Free and home of the Brave.

One says ‘pap’ because the moment the chips were down for the serious money, the State was called upon to intervene; form of ‘bailout’ for the wealthy, to exhortation tearful, indeed on bended knee...

The ruggedness of individualism only extends so far it would appear, and certainly not such as to embrace body Corporate, form of private finance.

No such ‘bailout’ for the poor, for the ordinary, hard working and honest Citizen.

Hell, no!

That would be ‘Socialism’, something completely contrary to the American Way.

As to  the growing body of the poor American Citizen?

- ‘qu'ils mangent de la brioche.’

‘Let them eat cake’ as Marie Antoinette might have said?

One of the ways thought can be provoked about society  under Financial Meltdown is contemplation of the proposition that Democracy can only really exist within certain margins concerning the distribution of wealth; as measured by Gini Coefficient.

‘Really existing’ meaning out with the intermediary determining of such as ‘black box’, within which contained ‘non reality’ such sense.

What scared me witless recently, not to be uncouth and say ‘shitless’, was to look at a topographical representation of the society outlined in Orwell’s 1984, delineating the small proportion of ‘inner party’ as ‘2%’ - and  thinking of the ‘trickle down’ theory of economics deployed as rationale for tax cuts in the Economic Growth and Tax Relief Reconciliation Act of 2001, and the small proportion of society those tax cuts benefited directly as approximating same by way of percentage, now such chicken coming home to roost.

The words ‘Inner Party’, coming in fear and resoundingly so, to mind.

Truth is, this burning question of our times concerning ‘Free Market or State intervention’? is not new; it has been around before for America  with such piercing, shrill scream as is realised currently; in 1933 as was to be precise.

plus ca change, plus c’est la meme chose’  as the French could say - or indeed as banking institutions JP Morgan and Bank of America could have said in 1933, to more contemporary reference having consolidated control over US Banking unprecedented this meltdown:

We’ll be back..’

Thence of Brecht and of  ‘bastard’ in quote indeed.

Roosevelt only went so far along the lines of ‘Dirigisme’, or State Intervention - and we are indebted to likes of Smedley Butler for contribution indicating as to why, and to the fact that POTUS 32 survived an assassination attempt.

America is currently rejoicing in the fact that it is to have a new President, and a large part of this rejoice in the anticipation probably founded in no small measure on the fact that ‘any President has to be better than George W Bush’.

Citizens of America turned out in droves to vote Election 2008 – so I guess you can say something positive about that which POTUS 43 ‘gifted’ - unlike the gift of ‘President’ Mugabe of Zimbabwe, who clings to power regardless of such droves of Citizen as turned out – to be turned over by the ‘Democratic process’.

However, the reality is that when it comes to ‘money talking’ language of free market, America is now facing a future where never has so much been in the hands of so few - while needed by so many. This does not bode well for the future of American Democracy -unless Barack Obama as POTUS 44 can do as Roosevelt and implement greater State Control?

When such as money is the sole delineating and determining factor, it is very difficult to ‘prise’ control in a situation where few have it in greater proportional share than ever before?

From their dead fingers’ as it were being apposite in terms of the ‘resistance’ liable to be encountered?  

Franklin Delano Roosevelt knew a thing or two about such matters, and was careful to tread a fine line over such as he invoked Presidential by way of the State stepping in to take over, and starting to represent the interests of the many over the few, way of Democracy realised - to collective sigh of ‘at last’ amongst Citizen.  The defining issue facing Barack Obama is just this challenge reborn.

You cannot campaign on a basis of offering hope midst of crisis without being held to it - and pivotal to such hope is that things are going to improve for the ordinary Citizen.

America is tired of the interests of the Free Market being held aloft at the expense of Citizen, not the least in the sufferance it has brought, and continues to bring.  ‘Trickle down economics’ is dead, as also, with the Paulson Bailout, is the ‘Free Market’ -  such unrestrained ideology as being ‘laissez faire’- and ‘passé’ as the French say.

So what does that leave as choice, to help get America working again, to get a resurgent Main Street, which is really beginning to suffer at the hands of the grip of Wall Street?  

I sincerely hope that Barack Obama proves doubters wrong in finding parallel solution to that same problem as faced by FDR all those years ago. Hope herein that he is able to further Democracy in America by making it more representative of the interests of the ordinary Citizen, not just in words as empty promise, but by deed, in real terms such as the quality of life experienced everyday for ‘Joe Six Pack’. Hope that the fact we have just witnessed the most expensive political campaign in history, as financed in large part by Wall Street, does not mean the ‘wisdom’ of Lone Star State in ‘gotta dance with them as brung ya’ being realised; does not mean parallel for America of Tony Blair, ex Prime Minister of the UK, who is now in the employ of JP Morgan, making speeches on the ‘tired old whore’ circuit to personal ‘reward’. Tony could talk a good game for sure, but the reality experienced by ordinary Citizen was little different than under free market ideology; or ‘no such thing as Society’ rhetoric of Margaret Thatcher -now there was an ‘individual’ who could hate, without need for sweetening lie political,  or further twist such knife as held by Tony, way of saying one thing while doing complete opposite.

I hope that Barack Obama is no George W Bush in face of ‘big money’ when it comes to representing the Citizen who shared the hope in caste of vote. Hope that the tears of  joy such as  of Jesse Jackson do not turn unto tears of sadness,  hope that Martin Luther King will find his genius words of humanity concerning ‘Dream’ ring true,  hope that Democracy will prevail over Fascism, and hope that things will get better for the ordinary Citizen in America.

Barack Obama’s finest hour - or America’s worst, beckons.

Lest trouble as of in the Banlieues be as small time, political vernacular degenerate further, 1984 seem as pipe dream - and Democracy die as American dream turns unto nightmare.

That sure is a lot of hope to be on the shoulders of one President.

How wonderful it will be if Barack Obama can ‘stiff the money in dancing with the Citizen as them as really brung’, transcending thereby  the cauldron of corruption, and make life as pursuit of happiness and in liberty the reality, rather than woe begotten ideal,  for the Citizen of America in the greatest Democracy in the World ever seen thereby?

How wonderful that he could avoid ‘j’accuse’ as avoided ‘black box’ unreality.

That Harlem may be no more as Bangladesh, and trouble in such as Banlieues a thing of the past as distant geographic,  yet closer in the solicitation of upward change, way of learning.

In a lesson taught World by America, this coming President elect, as how things can be brought to be by such as man in faith, and concerning ‘temple’.

In closing, some words from Franklin Delano Roosevelt, such as did indeed realise  hope,  and  concerning way things are as they are, stated in 1933 Inauguration address - though  they could just as well be said today, such the profundity - and joyous be the marvel that Barack Obama may find his own seam of  such wisdom in form of re-iteration; his own words and actions found Presidential accordant:

‘Primarily this is because rulers of the exchange of mankind's goods have failed through their own stubbornness and their own incompetence, have admitted their failure, and have abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence....The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit.’

Stephen Martin can be reached at: stephenmarti@yahoo.com

 

 

 

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Greenspan’s Confession

For his 20-year stretch as Fed chairman, they all fawned on him – presidents, Congress, the press. Only a handful of left economists said he was pushing the economy over the cliff. Now Greenspan admits it in a humiliating confession. As the world’s financial structure tumbles in ruins, guess what? “I found a flaw in the model… To the extent that I figure out where it happened and why, I will change my views.”  Read Frederick Claremont’s savage assessment of the fool who has plunged millions into misery. Also in our new issue: Bill Hatch on the story of one foreclosure; Kristian Williams on police torture in Chicago. 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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New in the CP Print Edition!

Greenspan’s Confession

For his 20-year stretch as Fed chairman, they all fawned on him – presidents, Congress, the press. Only a handful of left economists said he was pushing the economy over the cliff. Now Greenspan admits it in a humiliating confession. As the world’s financial structure tumbles in ruins, guess what? “I found a flaw in the model… To the extent that I figure out where it happened and why, I will change my views.”  Read Frederick Claremont’s savage assessment of the fool who has plunged millions into misery. Also in our new issue: Bill Hatch on the story of one foreclosure; and Kristian Williams on police torture in Chicago.

Only in CounterPunch newsletter! Get your copy today by subscribing online or calling 1-800-840-3683
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