Published: Thursday 22 November 2012
Following a long presidential campaign full of policy battles and disagreements, progressives have a lot to be thankful for this holiday season. Here are 10 things we can all celebrate.

 

We are thankful for the millions of Americans serving our country at home and abroad. This includes 1.4 million Armed Services members, 80,000 AmeriCorps members, and 8,073 Peace Corps volunteers and trainees, 6 million teachers and public school employees, 1.1 million professional and volunteer firefighters, and 22 million total public employees.

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Published: Tuesday 30 October 2012
Has integration really ever been attempted?

 

A few months after Congress passed a landmark law directing the federal government to dismantle segregation in the nation's housing, President Nixon's housing chief began plotting a stealth campaign.

The plan, George Romney wrote in a confidential memo to aides, was to use his power as secretary of Housing and Urban Development to remake America's housing patterns, which he described as a “high-income white noose” around the black inner city.

 

The 1968 Fair Housing Act, passed months earlier in the tumultuous aftermath of the Rev. Martin Luther King Jr.'s assassination, directed the government to “affirmatively further” fair housing. Romney believed those words gave him the authority to pressure predominantly white communities to build more affordable housing and end discriminatory zoning practices.

Romney ordered HUD officials to reject applications for water, sewer and highway projects from cities and states where local policies fostered segregated housing.

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Published: Tuesday 23 October 2012
The history books will tell you Richard Nixon won the 1972 election, that George McGovern went down to the worst defeat of any presidential candidate in history. But those who write history do not take into account the moral or the good, what is right or what is wrong, what endures and what does not.

 

In the summer of 1972, when I was 15, I persuaded my parents to let me ride my bike down to the local George McGovern headquarters every morning to work on his campaign. McGovern, who died early Sunday morning in South Dakota at the age of 90, embodied the core values I had been taught to cherish. My father, a World War II veteran like McGovern, had taken my younger sister and me to protests in support of the civil rights movement and against the Vietnam War. He taught us to stand up for human decency and honesty, no matter the cost. He told us that the definitions of business and politics, the categories of winners and losers, of the powerful and the powerless, of the rich and the poor, are meaningless if the price for admission requires that you sell your soul. And he told us something that the whole country, many years later, now knows: that George McGovern was a good man.

McGovern, even before he ran for president, held heroic stature for us. In 1970 he attached to a military procurement bill the McGovern-Hatfield Amendment, which would have required, through a cutoff of funding, a withdrawal of all American forces from Indochina. The amendment did not pass, although the majority of Americans supported it. McGovern denounced on the Senate floor the politicians who, by refusing to support the amendment, prolonged the war. We ...

Published: Monday 24 September 2012
“Unlike the euro, the dollar is a sovereign, fiat currency, unconstrained by exchange rates or treaties.”

 

Both Republicans and Democrats have been explaining that “There Is No Alternative,” we need public policies promoting austerity because government is “out of money.” The question seems to be not “do we need austerity?” but “will we be austere sooner or austere later?” Meanwhile, the bipartisan consensus is that the government is definitely out of money.

But these assertions are at odds with the common knowledge that the U.S. government literally creates its own money. Unlike the euro, the dollar is a sovereign, fiat currency, unconstrained by exchange rates or treaties. And since Nixon closed the gold window, government can issue dollars without waiting for gold or silver mines to provide any backing for them. So we can’t possibly be “out of money,” any more than the Bureau of Weights and Measures can be “out of inches.”

Nevertheless, even the private sector agrees with that “out of money” message. Billionaire Pete Peterson recently sponsored the Fiscal Wake Up Tour, essentially trying to drum up popular support to cut social safety nets, retirement programs and Medicare because we’re “out of money.”

Perhaps it’s a coincidence, but investors like Peterson profit from the “out of money” sentiment since it’s deflationary. When borrowers repay loans to creditors like Peterson with inflated money his investor class suffers investment returns that are lower than when dollars are scarce, and deflation prevails.

Even more conveniently, during deflationary times, the investor class can buy assets in the public realm at bargain-basement prices. If the public sector is “out of money,” then German bankers can demand, as they have, that the Greeks mortgage the Parthenon and their ports. The City of Sacramento can propose selling $500 ...

Published: Friday 21 September 2012
“Can Democrats recapture the blue-collar hearts they began losing 60 years ago? Perhaps.”

Liberals strain to understand why so many blue-collar whites have made their home in the Republican Party. Yes, the GOP better connects with this group on social and lifestyle levels. Still, with working people under so much economic strain these days, it seems odd that they'd let a culture war centered on emotion trump their bread-and-butter concerns.

When did this all begin? A good answer is 60 years ago, when a Republican congressman named Richard Nixon gave the "Checkers speech."

The address "foreshadowed the emergence of a new conservative populism in America, emphasizing appeals to social and cultural 'identity' rather than economic interest," Lee Huebner, a speechwriter in the Nixon White House, writes. Later publisher of The International Herald Tribune, Huebner explains the power and historic significance of the Checkers speech in an article scheduled to appear on theAtlantic.com this weekend.

Published: Thursday 6 September 2012
They’re certainly talking about the economy at the Democratic Convention in Charlotte, which calls itself “the Wall Street of the South.” But, nobody’s talked about stronger oversight of Wall Street and other corporations,and nobody’s promised to defend Social Security and Medicare from benefit cuts.

Here's a new Zen riddle: What is the sound of money not talking?

Sure, it talks sometimes. We heard it loud and clear at the Republican Convention. But sometimes the sound of money in politics is the sound of silence. It's the sound of crooked bankers being let off the hook, of economies left at risk, of Social Security and Medicare being weakened, of growing inequity being ignored. Wall Street is spending record amounts on this year's election, and sometimes the best response is silence.

They're certainly talking about the economy at the Democratic Convention in Charlotte, which calls itself “the Wall Street of the South.” But as of this writing (mid-day on Wednesday), nobody's talked about stronger oversight of Wall Street and other corporations,and nobody's promised to defend Social Security and Medicare from benefit cuts.

Published: Thursday 12 July 2012
“Energy shocks contributed to a lethal combination of stagnant economic growth and inflation, and every US president since Nixon likewise has proclaimed energy independence as a goal. But few people took those promises seriously.”

When President Richard Nixon proclaimed in the early 1970’s that he wanted to secure national energy independence, the United States imported a quarter of its oil. By the decade’s end, after an Arab oil embargo and the Iranian Revolution, domestic production was in decline, Americans were importing half their petroleum needs at 15 times the price, and it was widely believed that the country was running out of natural gas.

Energy shocks contributed to a lethal combination of stagnant economic growth and inflation, and every US president since Nixon likewise has proclaimed energy independence as a goal. But few people took those promises seriously.

Today, energy experts no longer scoff. By the end of this decade, according to the US Energy Information Administration, nearly half of the crude oil that America consumes will be produced at home, while 82% will come from the US side of the Atlantic. Philip Verleger, a respected energy analyst, argues that, by 2023, the 50th anniversary of Nixon’s “Project Independence,” the US will be energy independent in the sense that it will export more energy than it imports.

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Published: Friday 13 April 2012
“Christie’s bullying style was best illustrated when he insulted and abused another constituent when he asked a perfectly reasonable question about taxes. He demanded that a state trooper bring the man onstage, berated him at length, and then ordered him expelled from the room.”

New Jersey Governor Chris Christie is the embodiment of today's Republican Party and everything it has come to represent. You name it, Christie's got it: Disingenuous, smug, nasty? Check. Robotic servant of the corporate class, foisting its lobbyists' prefabricated laws on an unsuspecting public? Check. Hostile toward women? Double-check.

And last night he proved his bona fides as a Republican by proving he meets his party's other criterion, which is an absolute contempt toward the ordinary men and women who have been victimized by its policies. The night before the nation received its latest bad news on unemployment, Christie told a cheering Republican crowd that the nation's jobless were lazy examples of an entitlement mentality.

Needless to say, Chris Christie is now considered a leading Vice Presidential contender.

Bully

Christie's blunt style seemed refreshing at first. Hey, I kinda liked the guy myself.

But "blunt" became "ugly" very quickly: Telling union officials to "cut the crap." Shouting down a right-wing millionaire who asked a blunt question at a Meg Whitman rallyInsulting a nonpartisan state agency for reaching a conclusion he didn't like. Rudely blowing off a constituent during a televised question-and-answer session. Telling Warren Buffett to "just write a check and shut up.'

His behavior ...

Published: Friday 17 February 2012
“In reality the multinational corporations prefer China’s state-sponsored model of capitalism, which assures them an endless supply of docile workers unprotected by those pesky unions and restrictive government regulations.”

Four decades ago Richard Nixon, a once famously hawkish Republican president, cut a deal with the Communist overlords of China to reshape the world. The result was a transformation of the global economy in ways that we are only now, with the sharp critiques of Apple’s China operation, beginning to fully comprehend.

At the heart of the deal was a rejection of the basic moral claim of both egalitarian socialism and free market capitalism, the rival ideologies of the Cold War, to empower the individual as the center of decision-making. Instead, the fate of the citizen would come to be determined by an alliance between huge multinational corporations and government elites with scant reference to the needs of ordinary working folk.

It was understood by both parties to this grand concord that monopoly capitalism could be constructed in China to be consistent with the continuance in power of a Communist hierarchy, just as in the West capitalism was consistent with the enrichment of an ostensibly democratic ruling class. Sharp income inequality, the bane of genuine reform movements bearing the names populist, socialist and democratic, came to be the defining mark of the new international order.

The current controversy over Apple’s treatment of its 700,000 foreign workers, mostly in China, is a manifestation of that cross-ideological betrayal. The ironies are ...

Published: Monday 7 November 2011
“This was not only war against the poor, but the very “class war” that Republicans now use to brand just about any action they don’t like.”

We’ve been at war for decades now -- not just in Afghanistan or Iraq, but right here at home.  Domestically, it’s been a war against the poor, but if you hadn’t noticed, that’s not surprising. You wouldn’t often have found the casualty figures from this particular conflict in your local newspaper or on the nightly TV news.  Devastating as it’s been, the war against the poor has gone largely unnoticed -- until now.

The Occupy Wall Street movement has already made the concentration of wealth at the top of this society a central issue in American politics.  Now, it promises to do something similar when it comes to the realities of poverty in this country.

By making Wall Street its symbolic target, and branding itself as a movement of the 99%, OWS has redirected public attention to the issue of extreme inequality, which it has recast as, essentially, a moral problem.  Only a short time ago, the “morals” issue in politics meant the propriety of sexual preferences, reproductive behavior, or the personal behavior of presidents.  Economic policy, including tax cuts for the rich, subsidies and government protection for insurance and pharmaceutical companies, and financial deregulation, was shrouded in clouds of propaganda or simply considered too complex for ordinary Americans to grasp.

Now, in what seems like no time at all, the fog has lifted and the topic on the table everywhere seems to be the morality of contemporary financial capitalism.  The protestors have accomplished this mainly through the symbolic power of their actions: by naming Wall Street, the ...

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