October 2008 archive

Panic In Pakistan

Has the financial crisis created by de-regulation and the economic policies of the past 20 odd years moved the world closer to nuclear weapons in the hands of al-qaeda?

While financial markets crumble worldwide, Pakistan is in the grips of a terrible economic crisis which threatens to destabilize the country. Pakistani officials have reached out to its richest allies for support, China, Saudi Arabia and the United States. All three countries, dealing with economic woes of their own, have denied this request, leaving the country to negotiate an emergency loan from the IMF. Sunil points out that the other major source of income for the Pakistani military leadership is the drug trade, a practice that is made possible by the billions in aid that the leadership receives from foreign governments every year.

October 27, 2008 – 11 min 55 sec

Pakistan in a panic

Sunil Ram: Military ruling class is dependent on international aid that is now in jeopardy

Open Thread

 

Dawn of the Thread.

A race to flip: CA-46

One of the joys of 2008: there are too many good races, too many viable opportunities to turn Red districts Blue on the electoral map. Sadly, on Kos’ latest map of the Western US, one of the opportunities that we all should be banding together to make a reality remains red.  In CA-46, we have a true progressive, Debbie Cook, is facing a die-hard troglodyte, global-warming denying, immigrant bashing, etc … Dana Rohrabacher who might be “the biggest blithering idiot” on the Hill.  

In the past few weeks, this race has tightened. We are talking within measure of error.  Debbie doesn’t have DCCC behind her but she does have us.  A few $XX.01s could help to flip a district which would, in this case, shift from deep (corrupt) red representation to truly a “better Democrat”.

Docudharma Times Tuesday October 28



Those Oil Companies Are So Warm And Fuzzy

Just Like A Python




Tuesday’s Headlines:

Oil companies pour on charm before posting fat profits

We will defend territory against attack, vows Syria

Gamble puts Kadima leader Tzipi Livni ahead in polls for first time

Financial trouble grows for oligarch with friends in high places

The artificial heart: a complex organ that is within science’s grasp

Kim Jong Il may be severely ill says Japan Prime Minister

Pakistan wary of IMF demands

Warships begin patrol off Somalia

Rwandans Say Adieu to Français

Bolivians worry spat with US could kill jobs

Central Banks Slashing Rates As Investors Flee

Global Pullback Could Affect Currency Markets

By Anthony Faiola and Neil Irwin

Washington Post Staff Writers

Tuesday, October 28, 2008; Page A01


Central banks around the world are moving to further slash interest rates as they seek to contain the damage from the bursting of the biggest credit bubble in history.

The Federal Reserve is poised to cut its benchmark rate for the second time in two weeks at a pivotal meeting in Washington on Wednesday, and the European Central Bank yesterday suggested that it would do the same next week. South Korea announced a dramatic rate cut yesterday, by three-fourths of a percentage point.

Governments worldwide have already approved massive bailouts and stimulus packages to halt financial meltdowns.

Kirkuk dispute threatens to plunge Iraq into Kurdish-Arab war

 Study warns dispute over territories and revenues in oil region could lead to violence greater than Sunni-Shia conflict

Julian Borger, diplomatic editor

guardian.co.uk, Tuesday October 28 2008 00.05 GMT


Iraq’s relative calm is threatened by a festering Kurdish-Arab conflict over the oil-rich city of Kirkuk and other disputed territories, that could explode into the worst sectarian war the country has suffered since the 2003 invasion, a new report says today.

The report by the International Crisis Group (ICG) says the territorial dispute is blocking political progress in Iraq, contributing to the delay in passing a law on sharing oil revenue, and threatening to put off critical provincial elections.

Pointing out that the Arab-Kurdish dispute dates back to Britain’s creation of modern Iraq after the first world war, the ICG report warns: “In its ethnically-driven intensity, ability to drag in regional players such as Turkey and Iran, and potentially devastating impact on efforts to rebuild a fragmented state, it matches and arguably exceeds the Sunni-Shia divide that spawned the 2005 – 2007 sectarian war.”

 

USA

White House Explores Aid for Auto Deal



By EDMUND L. ANDREWS and BILL VLASIC

Published: October 27, 2008

WASHINGTON – The Bush administration is examining a range of options for providing emergency financial help to spur a merger between General Motors and Chrysler, according to government officials.

People familiar with the discussions said the administration wanted to provide financial assistance to the deeply troubled Big Three Detroit automakers, possibly by using the Treasury Department’s wide-ranging authority under the $700 billion bailout program that Congress approved this month.

W: The Best Thing That Ever Happened To Me

“He awakened me from my dogmatic slumbers.”

     Immanual Kant (speaking of David Hume)

It was the lead-up to Iraq that did it.  Iraq,  and that lying smirk.

In  late 2002 through the summer of 2003, I was on a software-development project  far from home. I had to drive 1.5 hours to the site in the morning, and then 1.5 hours back home every evening. The route was through some of the least-inhabited parts of eastern North Carolina.  Not much radio out that way, and what little there is just screams “short-wave loony-tune.” I had time to think, then, time I hadn’t had for decades. And I  started thinking about the world, and I started thinking about that man with the lying smirk.

I didn’t vote in 2000. In fact, I hadn’t voted since 1980, when I voted for Reagan  — not out of any political conviction, but because I detested that grinning imbecile Jimmy Carter.  I used to be different. Once I was young, I was engaged, I wrote philosophy, I wrote plays. I’m sure most of what I wrote was utter dreck, but it was the passion  and the desire to make a difference that was important. Me and my friends  were going to change the world, or at least change a few lives. We lived like we meant it,  and we loved the struggle with ideas and words and causes.

Well, you know the story. Life did what it so often did. Life got in the way, and I went off on another path.  Don’t get me wrong: after a decade-long rough patch (drugs) I was mostly happy in a bovine, unthinking way, happy for decades. And so the years drifted by – the operative word being drifting – and I found myself in late 2002 driving down that long empty road in the dark every morning and every night, thinking about Iraq and thinking about that god damned lying smirk.

And one day, shortly after the invasion began, I understood the scope of what had happened, and I said to myself aloud in  my car, so loud that I actually startled myself: “Jesus Christ, we let the bastards do it to us again!” And so I rediscovered my rage, that blessed rage, that sweet emotion that has so many negative associations these days but that was so honored in simpler times that Homer was able to weave the entire fabric of his greatest epic around the rage of Achilles.

And so I started writing again.

There’s no way for me to avoid the inevitable conclusion: viewed from my own purely selfish perspective, George W. Bush was the best thing that ever happened to me. This idea horrifies me. If I could wave a magic wand and have it all play out another way – if I could have a world without W, at the cost of never awakening from my decades-long dogmatic slumbers – would I? Would I? I have to believe that I would.

My sanity depends on it.  

Muse in the Morning

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Muse in the Morning

Random Poem


High School Colors

English Teachers

Of the majick

of gods and goddesses

Marion taught

of myths and legends

and creations

other realities

as well as the fact

that teachers sometimes drink

And chain-smoking

Scholastica leadfoot

schooled me in Pepys

Hawthorne and Irving

and the boundless

unconditional love

she displayed to us

for her beloved Ben

But Mrs P

Holly’s wonderful mom

you lit the spark

with Buffalo Bill

and mister death

and the pretty how town

which now burns in me

some forty years later

–Robyn Elaine Serven

–January 2, 2007

Overnight Caption Contest

New Deal?

Trk_dees

Well something has to “replace” the failing dollar and this one says it graphically.  I also won’t mention that the global company I used to work for was organized as “The Nafta countries” vs “rest of world”, two separate divisions.

“Strategic” voting doesn’t work.

Also available in teal.

Every time I state my intention to vote, or that I have voted, for a write-in candidate for president I am blasted with vitriol about how I’ve wasted my vote, or that I’ve helped the Republicans win.  To that I say, “bullshit.”  Why do I say this?  I say it because it’s true.

We are told that our options are limited to a choice between “bad” and “worse.”  “Good” is denounced as “perfect,” the “enemy” of the “good,” but this overlooks the fact that no one expects or asks for “perfect.”  We want good politicians who will represent our interests in public office – that’s it.  We don’t expect miracles, or even success 100% of the time, but we do expect and demand that those we elect to power try their best.

It is a sick joke to be told that our votes for third party, independent, or write-in candidates are a waste, and it’s nothing short of fear-mongering to threaten a Republican victory if we don’t throw our principles out the window.  We’re lectured about how there is “too much at stake” in the current election cycle to vote our principles now, that we can vote our principles next time.  The best we can do, or so we’re told, is to vote for Democrats and hope they’re not as bad as the Republicans.

Again, this overlooks certain facts, chief among them being that there’s always going to be “too much at stake.”  That mythical “next” election cycle during which we shall be free to vote our beliefs and principles isn’t going to come as long as we continue to throw our votes away on politicians who represent the establishment and maintain the current regime.  What good does it do us on the left to compromise our principles if the result is always the same: bad politicians who support the status quo?

The strategy of electing “more and better” Democrats doesn’t work because we keep voting for the same corrupt politicians who say one thing but do another, namely, alienating progressives and disenfranchising voters.  As the last two years have shown us, we cannot hope to reform the Democratic Party from within because it has been thoroughly compromised by the lure of money and power.  The number of actual progressive Democrats shrinks every cycle, as the base wakes up to this fact and leaves the party.  It doesn’t help that the duopoly has the assistance of the corporate-owned media, which actively suppresses dissenting voices during campaign coverage.  This is illustrated by the marginalization and elimination of Democrats Mike Gravel, Dennis Kucinich, and John Edwards in last year’s debates.

This inevitably leads to weak corporate candidates such as Al Gore, John Kerry, and now Barack Obama for president.  Each of these politicians ran right-leaning campaigns against their hard right Republican counterparts, thus ensuring that voters would see little or no fundamental difference between them.  This, combined with weak campaigns that allowed the opposition to define the candidates, allowed the GOPhers to get just enough of the vote to steal the elections.  That the votes were so close in the first place speaks volumes about how low the Democrats have sunk in terms of putting up viable candidates; Gore and Kerry should have soundly defeated the shrub, by double digits, in their respective campaigns.  Instead, they ran so far to the political right that they turned off their party’s base.

Finally, there is the imperious attitude among partisan Democrats that none of this matters – it is up to the voters to shut up and go along, rather than the politicians listening to their employers and running effective, progressive campaigns.  That this turns off the base and drives it to look elsewhere for representation should have been a harsh wakeup call to Democrats to re-evaluate their core beliefs, failed strategies and tactics, and unearned sense of entitlement to non-Republican votes, but this hasn’t happened.

So we end up back where we began, on the losing end of elections that should have been in the bag.  If progressives are to break the cycle and have a chance of competing with the corporate duopoly, we must recognize that failed strategies must be abandoned.

Open Thread

Over at Zuky, Kai has posted part 2 of Time to Throw the Traders Out the Temple.  He has an interesting take on the economic situation we find ourselves in:

A potential catastrophe – or perhaps a historic opportunity – is unfolding in glacial slow motion before our befuddled eyes. Corporatist media prefer to reduce the situation to an infantilizing superstitious battle of bulls vs. bears, as though the stock market consists of imaginary stuffed-animal friends and whichever side we believe in with more fuzzy fervor will magically win. But to me the story of financial crisis and rippling economic disruption is a serious matter not because of what happens on Wall Street, but because of what it could mean for broad swaths of the planet for years to come

He does bother to define what he calls “economy:”

When I talk about the economy, I’m not talking about finance; I’m talking about human activity which produces and distributes social value, from food and shelter to laughter and beauty. Of course, our modern economy is inextricably entangled in the constructs of post-industrial capitalism. But the way things are need not constrict our envisionings of the ways that things could be better. And I think now is a particularly compelling moment for progressives to make the argument that things could be better.

The Open Thread Is NOW OPEN!  Ta da!

The Financial Crisis Explained in One Interview!

Originally posted via Socialist Appeal (UK):

Still flummoxed by the financial crisis? In this classic comedy sketch, John Fortune and John Bird explain why we are in such a mess.

“Major Redistributive Change”

The conservative blogs are all a-twitter with the idea that they have finally proven that Barack Obama is a marxist/socialist. It comes from an interview in which he participated on public radio in 2001 titled The Courts and Civil Rights.

Of course, they’re taking things out of context and reading their worst fear-mongering between the lines. But still…when I look at what he said, I find myself once again hoping that the man he’s been in the past is the one that gets elected next week.

Here is a transcript of part of the interview being highlighted.  

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