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Today's Top News
It Is 'March Madness' Time in the USA Where the Irrational Is Peddled as Rational Provoking Intense Polarization and Paralysis
'The worse things get, the harder it is for people to agree on what to do.'
The term "class war" has been extricated from the archives of another era, while divisions over the future of the economy have become a battleground in which the adversaries yell at each other, but rarely engage in any discourse with each other in a shared language.
The worse things get, the harder it is for people to agree on what to do.
This is a month known in the USA for the “March madness” college basketball finals, but the madness seems now to be oozing from sports arenas to political capitols.
In the Middle East, all the political turmoil will ultimately impact on a regional economy built on the flow and price of oil, contends author/historian Michael Klare:
“Whatever the outcome of the protests, uprisings, and rebellions now sweeping the Middle East, one thing is guaranteed: the world of oil will be permanently transformed. Consider everything that’s now happening as just the first tremor of an oilquake that will shake our world to its core.”
Back in the once thought of as “stable” United States, the economic crisis has finally spurred a confrontation between right and left with noisy protests following threatened crackdowns on union rights to collective bargaining, and cutbacks on social programs.
Conservatives hype the austerity programs that divided and created chaos in Ireland as the model Americans should be following.
Writes Terrance Heath, “The irony is that the things that the Heritage (Foundation) praises about Ireland's economy are what drove it to the brink of extinction ... Ireland followed the same tax-cutting, deregulating conservative economic path to its misfortune that led America to its own. That Ireland stands as an example of austerity's epic failure, makes it even more mystifying that conservatives keep spotlighting the clearest example of the disastrous impact of conservative economic policy."
Activists in the sweltering heat of Egypt hold up signs praising protesters in Wisconsin while the shivering public workers in the snow of Madison talk about struggling like an Egyptian.
Who would have thunk?
The poet Yeats once wrote that things fall apart when the center doesn’t hold, and his words seem prophetically appropriate to the unraveling now underway in the US with fierce political combat paralyzing the Congress and rhetoric escalating into a realm beyond the rational.
Even as a film won an Academy Award for calling the collapse of the economy an “inside job,” there is no consensus on the causes of the financial crisis.
The debate about what to do, and whether or not to punish wrongdoers, rages on even as the media looks away from the consequences—the armies of permanently unemployed and growing foreclosures.
Politicians only worry about public budgets, not the private pain of their constituents.
An ideological fight over policy footnotes is considered de rigeur but the suffering of those unable to cope with cutoffs of benefits, rising gas and food prices, and growing despair, is considered a “bummer.”
Many Democrats want so badly to move on that they avoid discussions of Wall Street crime and massive fraud. The President sees all that as unproductive because his new focus is to “’win the future.” Believe it or not, that slogan comes from a book by Newt Gingrich.
The White House deliberately stayed away from protests in Wisconsin, later scolding the Democratic Party apparatus after they learned it was urging supporters to back worker protests. For them, such pro-union activism was decidedly off-message reports the NY Times.
And so much for the Financial Crisis Inquiry Commission report with 633 pages of documented analysis about how the system imploded. That was last week’s non-story.
Republicans want to change the subject and have found new theories to divert attention and/or make the debate so complicated that no one except some Ph.Ds can follow it.
And ven they have problems doing so.
Fed head Ben Bernanke who ignored calls to stop mortgage fraud when it might have made a difference now says that the crisis was caused by China.
It’s all their fault!
The Chinese meanwhile buy up American debt and keep our system going.
The right conspiracy theorists have a new explanation to amuse themselves with as well: the crisis was caused by terrorists.
The Washington Times, a newspaper owned by the Moonies, reports:
"Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system…"
"Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran."
That just about throws all the “bad guys” they could come up with into one big barrel of ducks to shoot at. Never mind, that this “revelation” is totally vague and undocumented.
On the left, artists explore apocalyptic themes, not a serious activist response. One new exhibit is called “The Days of this Society” are numbered.
“Inspired by a famous statement by French thinker Guy Debord, proclaiming that THE DAYS OF THIS SOCIETY ARE NUMBERED, this exhibition plays with the notion that at the beginning of the XXI century one is experiencing a period of fin de siècle, in which the state of affairs is questioned and a collective anxiety is emerging, a situation caused by the feeling of political, economic, and cultural crisis that is permeating the Western world and is creating a social entropy.”
Perhaps there is something in the water or the political ether that precludes any agreement on facts, much less a consensus on what to do about them.
Resolve on punishing mortgage fraudsters has gotten caught up in arcane debate over obtuse contractual language. Even as “pervasive fraud” was documented by the FBI, noone, least of all the regulators, can agree, on who is responsible and what the fines and penalties should be.
It’s clear denial is not just a river in Egypt. Reports the New York Times, “as the negotiations grind on, there are signs that the banks have still not come to grips with the problems plaguing the foreclosure process.”
The newspaper of record does not look at the record to note that big banks may have no interest in coming “to grips” with charges that they defrauded their customers.
All of this “debate” functions like a fog machine to insure that the public doesn’t know what is happening, and to insure that the class at the top is not treated like the class at the bottom as Naked Capitalism.com’s Yves Smith observes:
“It is one thing to point out a sorry reality, that the rich and powerful often get away with abuses while ordinary citizens seldom do. It’s quite another to present it as inevitable.
It would be far more productive to isolate what are the key failings in our legal, prosecutorial, and regulatory regime are and demand changes. The fact that financial fraud cases are often difficult does not mean they are unwinnable.”
Winnable or not, there seems to be rational calculation—even a carefully constructed strategy-- behind the increasingly irrational political debate.
Perhaps it’s a form of a calculated lack of “intelligent design” that belongs right up there with classic political strategies in which invented realities and message points become believable they more they are repeated.
George Bush once contrasted a fact-based political order with his preferred faith-based one. That’s why all the exposes of his WMD claims in Iraq rolled off his back and never stuck.
The madness this month is like a chicken that has come home to roost, reminding us again that the only time we can only tell when a politician is lying is when his or her lips start moving.
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33 Comments so far
Show All"reminding us again that the only time we can only tell when a politician is lying is when his or her lips start moving."
Finally, something we can all agree on!
By "winning the future", Obama means that he wants Wall Street to "keep on keeping on" ( to resuerrect another old catch phrase). He and Michelle love those fancy restaurants and exotic destinations too much to choose the wrong side in the class war. WTF is just about right.
This article rightly shows how using the tricks of controversy deflects serious thought about the serious issues that face USA and the world.
In his 2006 book, Dark Ages America, Morris Berman describes a possible future for America. He draws parallels to the dark ages which came after the fall of the Roman empire and the USA today. In the Introduction he lists four parallels of the Roman Empire and where we are today. When he wrote these 5 years ago it was some what of a stretch to see these parallels, but now they are visible to many because the trends have continued and in some ways been strengthened. Here are which he shows parallels to today. These days it is not only possible, it is right out front for all to see.
He looks at 4 post Roman empire characterizations and how they apply to us
"The triumph of religion over reason"
"The breakdown of education and critical thinking."
"Legalization of Torture" (what could be more Dark Ages than this?)
"Marginalization of the US on the World Stage"
On his web site last year he does not see any way to stop the downfall of the USA.
The book was written when W. Bush was president. He states that an indication of decline is the choice of leaders who hasten the fall. Well that was sure true of Bush, but I didn't expect this of Obama. Obama has exceeded my expectations by becoming Bush III.
I read his book. What you list are symptoms. Here is the cause:
http://ampedstatus.com/the-road-to-world-war-iii-the-global-banking-cartel-has-one-card-left-to-play/
Danny, do you read the comments here? If so, follow the link above, engage in corroborating investigation and pass the link on to every journalist and concerned citizen you know. DeGraw has connected the dots - now help spread the truth.
Same goes for all of us - let's each of us help this information go viral. To borrow a phrase from novelist William Burroughs, let's call it:Operation Total Exposure.
Humpty-Dumpty comes to mind. It's hard not to think all is lost. There is but one clear voice, Bernie Sanders.
OK, then send him the link above
"there is no consensus on the causes of the financial crisis"
Not good to keep perpetuating this capitalist talking point.
Agreed. That's why I provided the link above.
To follow up on Yeats' observation, as the center loses its grip one of the things that is falling apart is standardized spelling. People—even people whose profession is words—are beginning to revert to the practice of spelling idiosyncratically by what they hear. Thus we have confusions of "metal" and "mettle", "rein" and "reign" (a very common one), and "pedal" and "peddle" (in a headline, no less!). In addition to that, Schechter could use a refresher course in punctuation. (The worst example is "One new exhibit is called 'The Days of this Society' are numbered", which suggests that his mind was not really focused on his writing.)
Granted, this may seem a small thing compared to climate disruption, peak oil, financial collapse, and the return to the social justice standards of the 1870s (AD if you're optimistic, BC if you're not). Nevertheless, I believe that language is so fundamental to our existence that we can't afford to let it deteriorate.
Reminds one of that old Twilight Zone episode a bit similar to 'The Butterfly Effect", in which someone went back in time and 'stepped off the proscribed trail' and stepped on a butterfly. When our time traveller returned, the language had been severely coarsened.
That was actually, originally, a Ray Bradbury short story. But don't ask me the name. It may have come from his collection, "The Machineries of Joy".
"...one ought to recognise that the present political chaos is connected with the decay of language, and that one can probably bring about some improvement by starting at the verbal end."----George Orwell
But Orwell was writing about the use of euphemisms, not punctuation.
ohrWel may, have be talkin' 'bout: yuphhimisms but i beleeve? the x-strap-O-la-shun, two mihnor #ppoints lik speling & punks-shu-way-shun holds$ thE 1st step dahwn dat slippery sloop , doncha' know>
I've tried pointing this out several thousand times on CD over the past several years, and I usually am met with either a resounding silence or howls of derision. Not many Amurkans give a damn about the written word any more. They just love screaming their opinions online and doing it on a 4th grade level. Not all. There are MANY commenters in here who do a great job making their views perfectly coherent and who take enough time with what they write to not just slap it up impulsively without checking for careless errors. But the opposite is now viral on the Web, and has been for years.
This is actually one of Schechter's least error-dense articles. Most of the time you can barely read a sentence from him that's not littered with typos and wrong punctuation.
I passed English 1A with a C- - - - - - - - - - to MC squared and the teacher told me she was being generous. I thank her for the generosity.
>>Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran."
This is hilarious. A newspaper actually presented this as news? I am sure there millions of citizens of the USA that actually believe this crap.
Countries that resort to such tactics tend to be the ones on the verge of Collapse. Japanese and German radio broadcasts would report the nonsense of "Glorius Victories" even as their cities being bombed to rubble.
Reporting on such as news that is factual borders on lunacy.
Oh and they should have included "Homosexuals, single mothers, Union members , North Koreans , and Bolivian Islamists"
What, exactly, is the point of this article? It's a frog's journey from lily pad to lily pad, the transitions quite lacking. Darwin talks about the futility of description not in service of a hypothesis and that is what we have here. So, debate about a host of issues does not center on relevant facts and arguments...and so? We don't need to read what we already know. We need to know the significance of what we know.
"Darwin talks about the futility of description not in service of a hypothesis and that is what we have here."
The quality control guy;, W. Edwards Deming said essentially the same thing. There is no point in collecting data unless it is intended to support or refute an idea.
I know this; WE are extremely upset with humanity. Get your house in order, quickly, or intervention may be the only alternative.
A warning? You will have to live with the consequences of ANY action you take, so choose carefully.
Know this also; WE love all of you. Keep the faith, whatever form yours may take.
Love 2 All,
RtTBt
To me the main thrust of the RIGHT is to defeat the President in 2012 by any and all ugly methods. No matter what position the President takes he gets blasted from the RIGHT. Cut, Cuts, Cuts is all they know and only to blame our President. What I wonder is had the President been a white women or white male would we have been in this ugly pickle. I think not.
The GOP claims that they want to create jobs but all they really want is to take the country back to the 19th century.
So weather you live in Wisconsin or Idaho, or Massachusetts we all better wake up and We The People better wake up before the GOP driver crashes our bus.
As a Vietnam Veteran I fought for Democracy and not for stupidocracy.
You might be right about the right-wingers who crawled out from under a rock. But I doubt that the reaction of the establishement GOP figures to a white woman or white man would have been much different. All the establishment figures care about is power.
Here, again, is my crazy theory:
Capitalism succeeded - the majority all have shelter, food, a car in every driveway, big TVs, and useless crap out the ying-yang. So much so, nearly 70% of us are obese, both physically and materialistically.
However, Capitalism is based on the myth of perpetual growth. And ya can't make fat people eat more McDonald's.
So the Capitalists were left with only one choice: blow up the economy and put the majority on a diet. Strip as many as possible of their homes, cars, jobs, dignity, etc.
Then sell it all back to them during the 'recovery.'
Now - look around. Is that not EXACTLY what is happening?
FRANK: Another solution is to abandon the homeland (apart from making use of its abundant military & hardware), and seek markets that do not yet have a fridge, car, or 7 sets of jeans, etc. That's my bet here, although your theory is interesting.
The saddest thing about it is that it's Mother Nature who picks up the tab for all the materials that might have been wisely recycled, or re-engineered... with so much cast off as waste, she's already suffering obvious and substantial paroxysms of overkill.
I was thinking the same thing recently. I remember reading a comment somewhere to the effect of, "The PTB do not need US citizens anymore".
I had interpreted that as meaning "they are not needed as as PRODUCERS, merely as consumers" - i.e., mass unemployement is OK (no one is producing anything), but let the sad sacks keep buying their crap at sqWallorMart and everything will be alright.
But I have refined this idea a little bit - particularly after considering a recent statistic stating that 75% of US corporate profits in 2010 were entirely from the financial sector.
This made me think that this "not needing the US citizen anymore" concept included not only being "not needed" as producers, but NEITHER as consumers.
That is to say, since the PTB get mostly all all their money in the US from purely fianancial "industries", they are free to harvest their profits from US citizens even during the financially tight (for common folks) times - through the costs and catastrophes connected with financial services: credit, mortgage, fees, etc. Even when no one is buying anything (no one can afford to buy anything), the US citizen can still be source of profit.
Industrialists will then shift to making their profits selling their actual goods by moving their cheap crap from one developing nation to another - between China and India, for example, both of which have up and coming consumerist classes.
Therefore, having the US citizen as a producer OR consumer is no longer relevant - and their last capacity of providing value to the PTB will be through the financial vehicles of the finacial crisis (as it gets stated sometimes around here, by being reduced to "feudal" status).
Whether or not US recovery occurs is irrelevant - if it never does arrive, secondary markets will most likely be in place to provide what the US consumer had provided - 2/3's of the US GNP - and US markets can be utterly abandoned as a primary source of any profit at all at that time.
And this seems to be the very same thing you (and a few others in a few other posts, too) have suggested above. What an odd coincidence that this idea should pop up so quickly, so simultaneously.
you live in disneyland frame of capitalistic propaganda - all the things you mention people have has been produced in a week , people live and work many decades and are robbed of everything they earn - roof over the head cost 100 times of its original cost, 50 cents worth burger and soda - $7..99 plus tax tax tax - LSD without LSD
"there is no consensus on the causes of the financial crisis"
There's never consensus between predator and prey. So what's Danny's point, or rather, agenda? I'm afraid it is to toe Das Kapitalist line. Because if Danny were interested in supporting the people he would not say things that Das Kapital could agree with.
Instead he might say something the people can agree with like: There's total consensus among the people about the cause of the financial crisis: Absolutely unnecessary and highly destructive greed of thug elites.
finance is not religion, it is measurable: you buy $1.00 for $1.20 (market is engineered for both ; to shrink and to accumulate
danny's agenda is like most of the social writer, to preach to the converted
increasing unsustainability, increasing scarcity, increasing destruction of nature, of the ecological base of life, means competition, and thus winners and losers, where the winners cosolidate and protect their life supporting winnings, and the losers are left to die.
That's not what this is about. I agree with rtdrury.
i don't disagree, i just feel that at the deepest, most underlying level, we are looking at symptoms of scarcity taken together with a darwinian belief system...