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Inside the New Print Edition of Our Subscriber-Only Newsletter!
How the Press Gave Madoff Four More Years to Steal His Billions
It’s one of the greatest and most shameful failures in the history of journalism. In the new edition of our newsletter Eamonn Fingleton traces how the Wall Street Journal was handed a precise outline of Madoff’s Ponzi scheme in 2005 and sat on it. The New York Times also passed on chances to nail Madoff. Thousands, poor as well as rich, lost their life savings in consequence. Read Fingleton on how the watchdogs of the Fourth Estate took good care to snooze in their kennels. ALSO in the new edition, Paul Craig Roberts concludes the shortest, sharpest outline of economics ever written with a brilliant essay on the economics of a full, green world. Get your new edition 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 February 17, 2009 Michael Hudson February 16, 2009 Patrick Cockburn Oscar Guardiola-Rivera Paul Craig Roberts Uri Avnery P. Sainath Dedrick Muhammad / Michael Brown Carla Blank Patrick Irelan Dan Bacher Fidel Castro Harvey Wasserman Website of the Day February 13 - 15, 2009 Alexander Cockburn Joshua Frank Mike Whitney George Ciccariello-Maher Nikolas Kozloff Brian M. Downing Paul Craig Roberts Christopher Ketcham Ron Jacobs Dave Lindorff Alan Maass Chuck Spinney Phil Gasper Stephen Lendman Charles Thomson Kathy Sanborn Saul Landau Len Wengraf Harvey Wasserman David Macaray Tom Stephens Seth Sandronsky David Yearsley Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend February 12, 2009 P. Sainath Jean Bricmont Michael Hudson Peter Lee Dave Lindorff February 11, 2009 Neve Gordon Peter Morici Andy Worthington Marjorie Cohn Fred Gardner Niranjan Ramakrishnan Zoe Blunt Belén Fernández Martha Rosenberg Website of the Day Blues of the Day
February 10, 2009 Kathy Kelly Nikolas Kozloff Uri Avnery Michael J. Berg Russell Mokhiber Joe Bageant Gareth Porter Dave Lindorff Rannie Amiri Harvey Wasserman Niranjan Ramakrishnan Website of the Day February 9, 2009 Vicente Navarro Paul Craig Roberts Julio Sanchez / National Lawyers Guild Jonathan Cook Alana Smith Binoy Kampmark Sam Bahour Nicole Colson Ron Jacobs Website of the Day February 6-8, 2009 Alexander Cockburn Ishmael Reed James Abourezk William Blum Patrick Cockburn Henry A. Giroux Manuel Garcia, Jr. Mouin Rabbani David Yearsley Saul Landau Jules Rabin Raymond J. Lawrence Janette Habel Dave Lindorff Missy Beattie Dale Gieringer John Ross Richard Rhames Bob Wing Robert Bryce David Macaray James L. Secor Jason Flom / Norm Kent Kim Nicolini Lorenzo Wolff Poets' Basement Website of the Weekend February 5, 2009 Michael Mandel Saul Landau / Ralph Nader Robert Bryce Russell Mokhiber Sameh Habeeb / Dave Lindorff Carmelo Ruiz-Marrero George Ochenski Website of the Day February 4, 2009 Arno J. Mayer Paul Craig Roberts Patrick Cockburn Jonathan Cook Fred Gardner Stan Cox Margaret Kimberley Lawrence Velvel Dave Lindorff Doug Giebel Serge Quadruppani Website of the Day February 3, 2009 David Price Bill Moyers Kirkpatrick Sale Conn Hallinan Peter Morici George Ciccariello-Maher Muhammad Idrees Ahmad Allan Nairn Norman Solomon David Macaray Website of the Day February 2, 2009 Uri Avnery Ralph Nader Gareth Porter Paul Craig Roberts Harvey Wasserman Rannie Amiri Cal Winslow Steve Early Alan Farago Diane Farsetta January 30 / February 1, 2009 Alexander Cockburn Michael Hudson Ismael Hossein-Zadeh Dave Lindorff Saul Landau Andy Worthington Subcomandante Marcos Robert Jensen Ron Jacobs Gareth Porter Allan Nairn Laura Carlsen Rev. William E. Alberts Christopher Brauchli Jules Rabin Col. Dan Smith Missy Beattie Tom Barry J. Michael Cole Manuel Garcia, Jr. Dan Bacher David Rosen Don Monkerud Binoy Kampmark Lorenzo Wolff David Yearsley Poets' Basement January 29, 2009 Peter Linebaugh Paul Craig Roberts Riz Khan M. Reza Pirbhai Wajahat Ali Gregory Vickrey Dina Jadallah-Taschler Alison Weir Alan Farago Walter Brasch Website of the Day
January 28, 2009 Norman Finkelstein Noam Chomsky Patrick Cockburn Rob Larson George Wuerthner Allan Nairn M. Junaid Stefan Simanowitz Charles R. Larson Website of the Day January 27, 2009 Winslow T. Wheeler Yigal Bronner / Joshua Frank Jordan Flaherty Ralph Nader Rev. José M. Tirado Benjamin Dangl Russell Mokhiber Martha Rosenberg C. G. Estabrook Website of the Day January 26, 2009 Paul Craig Roberts Deepak Tripathi Vijay Prashad Peter Lee Allan Nairn Uri Avnery John Sayen Dave Lindorff Lawrence R. Velvel David Macaray Roger Burbach Norman Solomon Website of the Day January 23 / 25, 2009 Alexander Cockburn P. Sainath Patrick Cockburn Saul Landau Sasan Fayazmanesh Alan Farago Christopher Brauchli Andy Worthington Ron Jacobs Lawrence Velvel Henry A. Giroux David Yearsley Raymond F. Gustavson Dave Lindorff Roberto Rodriguez Dina Jadallah-Taschler Fidel Castro J. Michael Cole Bob Fitrakis / Ramzy Baroud Mohammad Ali Shabani Richard Rhames Stephen Martin Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend January 22, 2009 Paul Craig Roberts Kathy Kelly Allan Nairn Lawrence Velvel Andy Worthington Peter Morici Joseph G. Davis Adriana Kojeve Benjamin Dangl Website of the Day January 21, 2009 Gabriel Kolko Harry Browne Michael Colby Lawrence R. Velvel Audrey Stewart Wajahat Ali Binoy Kampmark David Kεr Thomson John Ross Allan Nairn Sheldon Richman Website of the Day January 20, 2009 Chuck Spinney Kathy Kelly Raymond Deane Ralph Nader Audrey Stewart Jonathan Cook Harvey Wasserman Christopher Ketcham Robert Jensen Dave Lindorff David Macaray |
February 17, 2009 Only a Civic Jolt Can Save Us NowThe One-Dimensional CongressBy RALPH NADER Can Congress ?walk and chew gum at the same time?? This phrase used by President Lyndon Johnson for one of his political opponents comes to mind at a time early in the first 100 days of the Obama Administration when supposedly many long-overdue changes and rollbacks are possible. It is not just that Congress is completely absorbed with the tax-cut-stimulus package. It is stasis that seems to be enveloping, even within its numerous well-funded and staffed committees in the House and Senate, from even the signaling of serious movement toward rolling back Bush-pushed legislation and starting widely supported forays that take hope to change. The continuation of this state of stasis is made more likely because the Republican minority is feeling its oats. It put the White House on the defensive during the struggle to enact economic recovery legislation even though previous Republican policies and coddling of Wall Street for eight years build a steep cliff for financial collapse. Add the de-regulatory moves of 1999 and 2000 by the Clinton-Rubin crowd and the financial meltdown accelerates. There is something else operating. One gets the feel on Capitol Hill among some fairly sharp people of a lack of horizon, a paucity of progressive determination, a sense of being overwhelmed by the corporate forces still bearing down on Congress?easily the most powerful branch of government under our Constitution. But Congress does not act as if it is the most powerful branch. It routinely abdicates its constitutional responsibilities?the declaration of war authority and the plenary authority to investigate and require access to information in the executive branch. Even after the Democrats took control of the Congress in January 2007, George W. Bush again and again got his way including a rubber stamp for the huge Iraq and Afghanistan war budgets outside of the normal appropriations processes. Efforts by Senator Russ Feingold and Cong. John Conyers to move a modest censure resolution of Bush and Cheney for their many constitutional and statutory violations were aggressively rejected by their leaders?Speaker Nancy Pelosi and Senator Harry Reid. In January 2007, Pelosi and Reid two took impeachment off the table allowing the most chronically impeachable presidency in our history to continue undisturbed. Some staffers in Congress privately assert that the Democrats are not acting like a majority party. It is worse than that. They are not acting?period. From their majority status in 2007 to 2009 and a Democratic President in the White House, the Congressional Democrats are not moving swiftly to repeal the ban on Uncle Sam negotiating drug prices from volume discounts under the drug benefit law. They are not moving to amend the Patriot Act, regain control of warrantless surveillance, strengthen the corporate criminal laws and enforcement budgets. Congress is not even pushing to require taxing Hedge Fund manager?s income as ordinary income not as capital gains. I cite these policies because they are policies much favored by many Democratic lawmakers. But in practice lawmakers duck and duck and duck from translating their beliefs into contentious action vis-à-vis the lobbyists and their captive legislators. Senator Chris Dodd and the vast majority of the American people want to do something about credit card company abuses and gouges. But he is surrounded not just by the Republicans on the Senate Banking Committees but high-ranking Democrats beholden to the financial goliaths who, are demanding and receiving hundreds of billions of dollars in taxpayer bailouts. There is word from the politicians that consideration of health care insurance?apart from a quickly enacted expansion of some coverage for more poor children?will be put off for a year. The trade unions? top priority to enact labor law reforms, supported by Obama during his presidential campaign, are being held back by the Democrats. There is even doubt whether the District of Columbia will get a voting Representative in the House when push comes to shove in the Senate. The one-subject-at-a-time attitude is coming from the White House. ?Obama doesn?t want it now? is a common phrase used by legislators to excuse themselves from exercising the separate but equal Congressional powers. This pretext applies to taking away some of the hugely expensive and unnecessary weapons systems like the F-22 aircraft decried by many military and retired military analysts. The vast, bloated military budget is sacrosanct on Capitol Hill as it is in the White House. At a time of widely perceived needs for Congressional action, with large corporations busy applying for corporate welfare and on the defensive, the Democrats are not generating any momentum for standing for and with the people. Even in the midst of food contamination, illnesses and fatalities, they cannot turn around forty years of delay on giving the Food and Drug Administration adequate authority and inspectors to protect our food supply. It is going to take a very focused civic jolt from you all to your Senators and Representatives. A couple of million jolters from our large country can get the train moving on the tracks. It doesn?t take much time to holler, yell or bellow with the facts. Ralph Nader is a consumer advocate and three-time presidential candidate. |
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