Today's Stories

October 3 - 5, 2008

Paul Craig Roberts
Why Paulson's Plan is a Fraud

October 2, 2008

Paul Craig Roberts
Can a Bailout Succeed?

Joe Bageant
Speaking in the Tongues of Brokers: the Bailout in Plain English

Ralph Nader
Soulmates in Deregulation

Mike Whitney
Why the Bailout Stinks

Madis Senner
When Push Comes to Pull: How a Foreign Banker Invasion Sent the Markets Reeling

Winslow T. Wheeler
Congress as Usual:the Crisis Will Pass, But This Bunch Will Remain the Same

William Blum
A Boy's Game: the Origins of the Financial Crisis

P. Sainath
Wall Street Transforms Presidential Race

Website of the Day
McCain's Meltdown in Des Moines

October 1 , 2008

Glen Ford
The Last Hold Up

Steven Conn
Trashing Sarah Palin: the Boomerang Effect

Alan Maass / Lee Sustar
Why Not a Bailout for the Rest of Us?

Kenneth Couesbouc
The Blame Game: When Wall Street Pigs Sprout Wings

Stan Goff
How the Republicans Can Win (And Deserve It)

Adolfo Gilly
Racism, Domination and Bolivia

Rannie Amiri
Bombs in the Levant

Ismael Hossein-Zadeh
The Recurring Myth of Peak Oil

Adam W. Parsons
Food and Markets

Dave Lindorff
Bums' Rush to the Bailout: Where are the Hearings?

Douglas Valentine
The Bush Continuity Plan?

Adrien Rain Burke
The Party's Over: an Open Letter to Nancy Pelosi

Website of the Day
Sarah Palin's Beauty Pageant

September 30, 2008

Pam Martens
What Wall Street Hoped to Win

Chris Floyd
The Shadow of the Pitchfork: Elite Panic on Wall Street

Stephen Martin
A Biological Walk Down Wall Street

Deepak Tripathi
A Bitter Harvest in Afghanistan

Mark Engler
Bad Money

Jonathan Cook
The Attack on Zeev Sternhell: Has Israel Become a Breeding Ground for Jewish Settler Terrorism?

Dave Lindorff
The Power of No

Manuel Garcia, Jr.
Time for a General Strike?

Ahmad Faruqui
In Cold Blood: Buried Alive in Pakistan

John Chuckman
Will the Bride Wear White? As Rome Burns, Bristol Palin Prepares to Tie the Knot with Mr. "Sex on Skates"

David Macaray
Blaming the Labor Unions

Fatemeh Keshavarz
What Obama Could Have Said

Website of the Day
538: a Cognitive Map of American Politics

September 29, 2008

Mike Whitney
Black Monday

Jeff Gibbs
"Just Say No!" to Reverse Robin Hood

Paul Craig Roberts
Why America Should Listen to Ahmadinejad

Peter Morici
The Bailout and the Economy

Tim Wise
Racism as Reflex

John Walsh
Sarah Palin is a Rotten Mom

Uri Avnery
Israeli Fascism: Yes, It Can Happen Here

Alan Farago
Hell to Pay: the Financial Collapse and the Housing Market

Andy Worthington
Is Khalid Sheikh Mohammed Running the 9/11 Trials?

David Michael Green
Where's the Repudiation?

Carl Finamore
Capitalism on Steroids; Labor on Tranquilizers

Iris Keltz
Postcards from the DNC

Bill Hatch
Take This Shrimp Slayer!

Website of the Day
Tina Fey as Palin, Round Two

September 27 / 28, 2008

Alexander Cockburn
How McCain Blew It

Linn Washington, Jr.
Alaska's Blacks and Palin: a Strained Relationship

Christopher Ketcham
An Israeli Trojan Horse

Mike Whitney
The People vs. the Banksters

Kevin Alexander Gray Race in the Race: Is Obama Shining Us On?

Anthony DiMaggio
The Unspoken War: Pakistan, the Media and Nuclear Weapons

Mary Lynn Cramer
Their Assets; Our Debts: How Economic Crises Are Overcome

Marc Levy /
Susan Erony
War Jokes Wanted: No Laughing Matter

Stan Cox
Livestock of Mass Destruction: Germ Labs in the Heartland

Saul Landau
Election Drizzle

Ali Khan
Meltdown in American Markets: an Islamic Perspective

David Rosen
The Great Fear: the Sexual Politics of Sarah Palin

Todd Alan Price
Bailing Out the Foes of Public Eduction

Matts Svensson
The Red and White Bird in Gaza

Ron Jacobs
Pakistan Through the Eyes of a Native Son

Robert Fantina
McCain and the Economy

Richard Rhames
Hank-ering for a Bailout

David Krieger
The U.S.-India Nuclear Proliferation Deal

Seth Sandronsky
Rethinking Charter Schools

Charles R. Larson
Dear Mrs. Abacha: a Nigerian Email Romance

Kim Nicolini
Sadism in the Desert

Poets' Basement
La Morticella, Holt, Moser and Buknatski

Website of the Day
The Great Schlep

September 26, 2008

Moshe Adler
Bailing Out Wall Street Won't Save Main Street

Bill Quigley
The U.S. War on Unarmed Working Mothers

Jonathan Cook
When Archaeology Becomes a Curse

Manuel Garcia, Jr.
Visions of Pinpoint Control: the Romance of Laser Weapons

Madis Senner
Why the Bailout will Fail

Brian Cloughley
US Raids in Pakistan: Violations of Sovereignty

Niranjan Ramakrishnan
Oh, Henry!

Joanne Mariner
Passport Fraud and Torture

Dan La Botz
The Financial Crisis: a View from the Left

David Macaray
Ralph's Management Indicted by Federal Grand Jury

Website of the Day
Nader and Obama Girl at the Office

September 25, 2008

Michael Hudson
The Insanity of the $700 Billion Giveaway

Sharon Smith
Democrats and Corporate Bailouts

Ralph Nader
Who Will Show Some Backbone Against the Bailout?

Christopher Ketcham
The Economy of Dead Sperm (or What I Learned From My Race-Car Grandpa Who Had No Bankers)

Eric Toussaint
Is Another Third World Debt Crisis in the Offing?

Robert Weissman
Getting Wall Street Pay Reform Right

David Estabrook
A Better Bailout Plan

Nikolas Kozloff
The Voyage of the SS Peter the Great

Steve Early
The High Price of Purple Dissent

Judith Scherr
Blue Helmets in Haiti

Laray Polk
South Ossetia and Abkhazia: Notes from the Inside

Website of the Day
Letterman Spanks McCain

September 24, 2008

Paul Craig Roberts
The Bitter Fruits of Deregulation

Nikolas Kozloff
Palin at the UN: a Tutorial from Uribe

Robert Weissman
The Financial Crisis: How and Why Congress Should Play for Time

Andy Worthington
The Guantánamo Trials: Govt. Says Six Years Not Long Enough to Prepare Evidence

Steve Conn
Will Nader's Warning be Acknowledged in the Presidential Debates?

Karyn Strickler
The $700,000,000,000 Power Punch

Diane Farsetta
Stealth Marketers Gone Wild

Dennis Loo
Poisoned Legacy

John Halle
Wealth Tax Now!

Khalil Nakhleh
Palestinians Under the Occupation

Website of the Day
Nader: Debate Crasher

September 23, 2008

Rev. Jesse Jackson, Sr.
Bail Out on This Bailout

Michael Hudson
Henry Paulson and the New Yazoo Land Scandal

Tariq Ali
Why was the Marriott Targeted?

Patrick Dyer
A Death Row Visit with Troy A. Davis

Franklin Lamb
Hezbollah and the Palestinians

Joshua Frank
Oppose Barack Obama? How Dare Thee!

Alan Farago
Pushing the Referees: How the Financial Crisis Occurred

Dave Lindorff
The Bailout Will Kill the Dollar

Tanya M. Kerssen /
Roger Burbach
Bolivia's Popular Upheaval

Harvey Wasserman
Nuclear Power Liabilities Dwarf Bush's Wall Street Bailout

Website of the Day
Hammered by the Irish: the Video

September 22, 2008

Michael Hudson
The Paulson-Bernanke Bank Bailout Plan: Will the Cure be Worse Than the Crisis?

Mike Whitney
Mushroom Clouds Over Wall Street

Christopher Ketcham
Let It Collapse!

Ron Jacobs
The Predators' Bailout

Anne-Marie McManus
Lost in the Rhetoric of Crisis

Robert Weitzel
The Twin Terrors of the Holy Land: a Sexy Fundamentalist and a White-Haired Zionist

Wajahat Ali
An Interview with Howard Dean

John Ross
A New Cold War Comes to Latin America

Steve Breyman
Does the U.S. Really Need Cluster Bombs?

Patrick Bond
On the Bellies of the Filth

Uri Avnery
Fly, Tzipora, Fly

Carl J. Mayer
An Open Letter to Michael Moore (AKA God's Pen Pal): Whatever Happened to Voting Your Conscience?

Website of the Day
Stop the Execution of Troy Anthony Davis

September 20 / 21, 2008

Alexander Cockburn
Is This the Stake Through Neoliberalism's Heart?

Michael Hudson
America's Own Kleptocracy

Pam Martens
The Wall Street Model: Unintelligent Design

Lila Rajiva
Putting Lipstick on an AIG

Mike Whitney
Full-Spectrum Breakdown

Richard Rhames
A Bailout to Nowhere

Bill Moyers /
Michael Winship
The NY Yankees and the U.S. Economy

Bill and Kathleen Christison
The Making of Recent U.S. Middle East Policies: a New Study of Neocon Influence

Susan Block
Palin as Venus in Furs: the Dominatrix Politics of Drilling and Killing

Robert Fantina
Republicans and Subpoenas: Never the Twain Shall Meet

Heidi Walters
Hung Up on Route 36: an 18-Wheeler and a Nuclear Cask

David Yearsley
Germany's Lost Organs: When Bigger Was Better

Raymond J. Lawrence
The Politics of Tribulation: Sarah Palin and the Rapture

David Rosen
One Billion Pills Later: Viagra at 10

David Michael Green
Living in Sarah Palin's America

Anthony Papa
Imprisoned Voters and the Elections

Niranjan Ramakrishnan
Freddie, Fannie, Daddy, Nanny

Howard Lisnoff
When We Notice the Homeless

John Goekler
Leaving Every Child Behind

Missy Beattie
Impalement

Dave Zirin
Leave Josh Howard Alone

Charles R. Larson
Holden Caulfield, Rest in Peace

Tim Matson
Too Big for His Birches: Woodlot Economics

Susie Day
Attack of the Angry Fetus

Poets' Basement
Corseri, Gibbons, Jenkins and Ford

Website of the Weekend
Dylan & Baez: Deportees

September 19, 2008

Steven T. Banko
McCain's Passion Play

Mike Whitney
The Point of No Return

Michael Hudson
The Dow Jones' Wonderfully Cheesy Addition

William Kaufman
Shattering the Glass-Steagall Act: the Bi-Partisan Origins of the Financial Crisis

Brenda Norrell
The Fall of Lehman Bros.: Blowback for Black Mesa?

Keeanga-Yamatta Taylor
The New Rhetoric of Racism: Why Won't Obama Call It Out?

Clifton Ross
Bolivia: Cleaning Up the Bull Ring

Dave Lindorff
Hang On to Your Wallets: the Government's About to Rescue Us!

Cynthia McKinney
Seize the Time!

Susan Hurlich
Storm Survivors: a Dispatch from Cuba

Michael Donnelly
Let's Hand It All Over to the Democrats (They Helped Create This Mess)

Website of the Day
The Crisis Explained

September 18, 2008

Benjamin Dangl
The Machine Gun and the Meeting Table

Harvey Wasserman
The Senate's Drill, Drill, Drill Scam

Susan Abulhawa
The Lobby Has Spoken: Biden and Israel

Robert Weissman
After the Fall: the Financial Re-Regulatory Agenda

Anne-Marie McManus
McCain's Cinderella: the Fetishization of Sarah Palin

Corey D. B. Walker
The Poverty of 21st Century Progressivism

William S. Lind
Senator O'Bush: Why Obama is Wrong on Iran and Afghanistan

Ron Jacobs
Washington's False Logic of Torture

Dave Lindorff
American and China: Joined at the Hip

Binoy Kampmark
How Damien Hirst Got Away With It

Website of the Day
An Invisible Army

September 17, 2008

Stephen Conn
Palin and the Politics of Big Oil

Forrest Hylton
Reactionary Rampage in Bolivia

Patrick Cockburn
Petraeus Leaves Iraq

Gregory Elich
Inside North Korea

Ralph Nader
How the U.S. Auto Industry Wrecked Itself

Franklin Lamb
The Palestinians of Shabra-Shatila

Pam Martens
The Gang's All Here: Bush, McCain and the Old Iran/Contra Team

Dave Lindorff
The End of the Blue Chip Economy

Peter Morici
The Damage Deepens

Stanley Heller
The Killing of Count Folke Bernadotte

Douglas Valentine
Rambling David Foster Wallace

Website of the Day
Free Cindy McCain!

September 16, 2008

Paul Craig Roberts
US Economy: Rudderless and Reeling from Direct Hits

Tiphaine Dickson
Citizen Palin: Why Sarah Palin Quoted Westbrook Pegler

Stan Goff
America is Now Rome: an Open Letter to Christian Troops in Iraq and Afghanistan

Uri Avnery
Tzipi's Choice

Michael Winship
Lipstick on Polar Bears

Jeff Halper
Warehousing Palestinians

Patrick Irelan
Bolivia Versus the Empire

Oscar Gonzalez
Who's Dumber? Ike's Refugees or Wall Street's?

Binoy Kampmark
Cheney and His Records

Fatemeh Keshavarz
Muslims are at Peace with You

Sen. Russ Feingold
Restoring the Rule of Law

Website of the Day
The Next Great Rock Band?

September 15, 2008

Mike Whitney
The Tumbrils Roll at Dawn

Peter Morici
Toxic Lehman

Patrick Cockburn
Take Another Look at the Surge

Charles R. Larson
The Maverick Has No Clothes

Jonathan Cook
The Expulsion of Palestinians from Jaffa

Nikolas Kozloff
Racist Rhetoric in Bolivia

Roger Burbach
Morales Confronts the Insurrection: Bolivia and the Echoes of Allende

Helen Redmond
Where's the Health Care Bailout?

David Michael Green
The Democrats Do Poland

David Macaray
The Boeing Strike

Ralph Nader
Remembering Peter Camejo

Website of the Day
The Ballad of Sarah Palin

Weekend Edition
October 3 - 5, 2008

A Paradigm for Today's Democrats?

FDR's Response to the Plot to Overthrow Him

By ALAN NASSER

Perhaps the most alarming slice of twentieth-century U.S. political history is virtually unknown to the general public, including most scholars of American history.

In 1934 a special Congressional committee was appointed to conduct an investigation of a possible planned coup intended to topple the administration of President Franklin D. Roosevelt and replace it with a government modelled on the policies of Adolf Hitler and Benito Mussolini. The shocking results of the investigation were promptly scotched and stashed in the National Archives. While the coup attempt was reported at the time in a few newspapers, including The New York Times, the story disappeared from public memory shortly after the Congressional findings were made available to president Roosevelt. It was the recent release from the Archives of the Congressional report that prompted the BBC and Horton commentaries.

The Congressional committee had discovered that some of the foremost members of the economic elite, many of them household names at the time, had indeed hatched a meticulously detailed and massively funded plot to effect a fascist coup in America. The plotters represented prominent families - Rockefeller, Mellon, Pew, enterprises like Morgan, Dupont, Pew, Remington, Anaconda, Bethlehem and Goodyear, along with the owners of Bird’s Eye, Maxwell House and Heinz. Totaling about twenty four major businessmen and Wall Street financiers, they planned to assemble a private army of half a million men, composed largely of unemployed veterans. These troops would both constitute the armed force behind the coup and defeat any resistance this in-house revolution might generate. The economic elite would provide the material resources required to sustain the new government.

The plotters hoped that widespread working-class discouragement at the stubborn persistence of the Great Depression would have sufficiently disenchanted the masses with FDR’s policies to make the coup an easy ride. And they were appalled at Roosevelt’s willingness after 1933 to initiate economic policies that economists and businessmen considered dangerously Leftist departures from economic orthodoxy. Only a fascist-style government, they thought, could enforce the kind of economic “discipline” that would reverse the Great Depression and restore profits.

Interestingly, it was a military man, Major General Smedley D. Butler*, assigned the task of raising the 500,000-man army, who blew the whistle after uncovering the details of the operation he was asked to lead. FDR was thus able to nip the plot in the bud.

The president might have used the occasion to alert the public to the anti-democratic impulses of a major segment of the capitalist class. But this would only have bolstered the fortunes of Communist, Socialist and other anti-capitalist political tendencies here, which were already gaining some ground among artists, intellectuals and a surprising number of working people. It is well known that Hollywood screenwriting in the 1930s was replete with Communist-inspired sentiment.

And we must not forget that FDR was himself a (somewhat renegade) member of the very class that would have toppled him. While FDR was open to watered-down Keynesian policies in a way that very few of his class comrades were, his commitment (like Keynes’s) to the “free enterprise” system was unconditional. He had no interest in publicizing a plot that might constitute a public-relations victory for anti-capitalist politics. He therefore refused to out the plotters, and sought no punitive measures against them. In the end, class solidarity carried the day for Roosevelt. The Congressional committee cooperated by refusing to reveal the names of many of the key plotters.

Thus, fascist tendencies gestating deep within the culture of the U.S. ruling class were effectively left to develop unhindered by mass political mobilization.

Might this grisly episode have important implications for our understanding of the current political moment? One may be inclined to think so on the basis of the fact that one of the architects of the plot was one Prescott Bush, grandfather of George W. Bush. Bush, along with many other big businessmen, had maintained friendly relations in 1933 and 1934 with the new German government of Chancellor Adolf Hitler, and was designated to form for his class conspirators a working relationship with that government.

While I highly recommend Bush-bashing, the implications of this unsettling piece of history for contemporary politics run deeper than many –especially soi disant “oppositional” liberals- would like to think. There is the temptation to point triumphantly to George W. Bush’s commitment to the irrelevance of the Constitution, his corresponding contempt for hitherto taken-for-granted fundamental human rights, his Hobbesian notion of unbridled sovereignty, his militarized notion of political power - there is the temptation to regard these fascist elements as the most significant contemporary remnant of the 1934 conspiracy.

But no less important is the utter absence in 1934 of liberal attempts to educate the public to, and mobilize the population against, the fascist threat. FDR stood down.

Although Rooseveltian/New Deal liberalism is dead, contemporary Democrats do sustain one of FDR’s least seemly qualities, namely his refusal to encourage effective mass opposition to fascist and imperialist politics. John Kerry boasted of having contributed to the drafting of the Patriot Act. And in the first round of legislation regarding continued funding of the war in Iraq, after the 2006 elections gave the Democrats a majority in the House and the Senate, the Democrats gave Bush everything he wanted. All the major presidentail contenders of both parties support a permanent U.S. presence in Iraq. None has repudiated the conceit that Uncle Sam is the permanent global hegemon. And most importantly, no mainstream Democrat has repudiated the Neoliberal Consensus, the notion that the market should be left to operate as “freely” as the public can be persuaded to allow it to act, and, crucially, that this is a model that should be imposed globally through the power of the U.S. working in tandem with such global institutions as the IMF, the World Bank and the WTO.

To the extent that this policy has been successful, inequalities between national classes and between the global North and South have widened dramatically since the decline of the Keynesian consensus in the mid-1970s. Since the Mondale candidacy, no Democrat has had a full-employment plank in his presidential platform. The median wage has been in secular decline since 1973, and the distribution of national income between capital and labor has not been as skewed toward capital since the Great Depression. But no Democrat has made a major issue of this.

These tendencies toward ever-widening inequality and the increasing immiseration of the working population will surely be exacerbated by the deepening slow-motion recession (depression?) that is certain to follow the unfolding financial meltdown. These conditions, and the deep resentment felt by masses of working people toward the lords of Wall Street and their political henchpersons, threaten to generate social “instability” in the form of increasing crime rates and a host of direct and indirect forms of resistance to the claimed legitimacy of the political order. The emergence of what Mike Whitney has called “soup kitchen America” requires a response from our rulers. And they are prepared with (literally) fascist legislation already in place for situations just like this.

Developments over the last day or two in connection with Monday’s House rejection of the bailout package for Wall Street indicate that allegations of fascist tendencies in U.S. political culture are in these times not to be taken lightly. Influential voices in the U.S. media have lamented the susceptability of the political leadership to the will of the people. On Tuesday the Washington Post ran a piece by Michael Gerson, Bush’s former speechwriter, complaining that “It is now clear that American political elites have lost the ability to quickly respond to a national challenge by imposing their collective will.” The same day Rupert Murdoch’s Times of London headlined a column “Congress is the Best Advert For Dictatorship.” And yesterday Rep. Brad Sherman (D-California), who voted against the bailout bill, was quoted in the Los Angeles Times as saying “I’ve seen members turn to each other and say if we don’t pass this bill, we’re going to have martial law in the United States.” “going to have”? We’ve already got it, at least on the books.

On October 17, 2006, Bush signed three Acts that instantly transformed the republic into a police state. The John Warner Defense Authorization Act (DAA) effectively repeals the 1878 Posse Comitatus Act which prohibits military operations directed against the American people. The DAA declares that “the president may employ the armed forces to restore public order and enforce the laws of the United States when…[among other reasons]… the President determines that domestic violence has occurred to such an extent thet the constituted authorities of the State or possession are incapable of (or “refuse” or “fail in”) maintaining public order --- in order to suppress, in any State, any insurrection, domestic violence, unlawful combination, or conspiracy.”

There is of course nothing in the legislation that specifies what precisely may count as “insurrection, domestic violence, unlawful combination, or conspiracy.” The lone Democrat to express reservations about DAA was Senator Patrick Leahy (D-Vermont), who entered into the Congressional Record that the Act “[makes] it easier for the president to declare martial law… [T]he implications of changing the [Posse Comitatus] Act are enormous…Using the military for law enforcement goes against one of the founding tenets of our democracy.” Nothing was made of Leahy’s protestations by complicit Democrats.

The Military Commissions Act permits the President, in order to “suppress public disorder”, to assign military troops anywhere in the United States in order to trump the authority of state-based National Guard units, and without the consent of the governer.

Finally, the National Defense Authorization Act allows the President to declare martial law, dispatch National Guard units around the country and authorize military action against the domestic population should His Majesty identify a “national emergency”.

Liberal Democrats, upon being apprised of these developments (of which the vast majority are ignorant) will declare themselves shocked, shocked that Bush has “declared himself dictator”. But Bush has not signed legislation which expires when he passes from office. Every future President will have these powers. Would President Obama seek to erase these abominations? Don’t bet on it. Obama has not jettisoned the entire legacy of FDR. Like Roosevelt, Obama will stand down.

· Butler underwent a major political epiphany shortly before his retirement from the Marine Corps in 1931. In that same year, he addressed an American Legion convention on his assessment of his career. His audience was stunned by his reflections: “I spent 33 years being a high-class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer for capitalism…. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I helped make Mexico and especially Tampico safe for American oil interests inb 1916. I brought light to the Dominican Republic for American sugar interests in 1916. I helped make Haiti and Cuba a decent place for the National City boys to collect revenue in. I helped in the rape of half a dozen Central American republics for the benefit of Wall Street.” It remains a mystery why the conspirators would approach this man. But they did.

Alan Nasser is professor emeritus of Political Economy and Philosophy at The Evergreen State College.

Now Available from CounterPunch Books!

The Inside Story of the Shannon Five's Smashing Victory Over the
Bush War Machine
By Harry Browne

Born Under a Bad Sky:
Notes from the Dark Side
of the Earth
By Jeffrey St. Clair

Buy End Times Now!

Click Here to Buy!

Click Here to Buy!

Click Here to Order!

Humanitarian Imperialism
By Jean Bricmont