home / subscribe / donate / books / archives / search / links / feedback / events / faq
The New Print Edition of CounterPunch, Only for Our Newsletter Subscribers!
The Great Bailout Swindle
The brilliant economist Michael Hudson lays out the stupidity of Paulson’s bailout plan and the lead role in Congress of Democrats in the bankers’ plot. What happened? What should be done? Read Hudson. PLUS the complete text of Alexander Cockburn and Fred Gardner’s probe of the McCain health dossier. Find the answers in CounterPunch newsletter. Get your copy 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.
|
Today's Stories October 10 / 12, 2008 Alexander Cockburn Patrick Cockburn October 9, 2008 Robert Bryce David Vest Winslow T. Wheeler Andy Worthington Anthony DiMaggio Helga Serrano / Dave Lindorff Mats Svensson Rannie Amiri Website of the Day October 8, 2008 Alexander Cockburn Linn Washington, Jr. Mike Whitney Deepak Tripathi George C. Wilson Andy Worthington Charles R. Larson Patrick Irelan Matthew Koehler Stanley Heller Daniel Gross Kimberly Hartke Website of the Day October 7, 2008 Patrick Cockburn Gary Leupp Uri Avnery P. Sainath Peter Morici Conn Hallinan Martha Rosenberg Binoy Kampmark October 6, 2008 Paul Craig Roberts Mike Whitney Tariq Ali Emily Horowitz Michael Hudson Ron Jacobs October 3 - 5, 2008 Alexander Cockburn Paul Craig Roberts Saul Landau Jonathan Cook Andy Worthington Dave Marsh Sasan Fayazmanesh John Ross Brian Cloughley Wajahat Ali Robert Schwartz Alan Nasser David Ker Thomson Peter Morici William Blum William S. Lind Michael Donnelly Thom Rutledge Manuel Garcia, Jr. Dave Lindorff Cindy Ellen Hill Paul Krassner Daniel White Poets' Basement Website of the Weekend October 2, 2008 Paul Craig Roberts Joe Bageant Ralph Nader Mike Whitney Madis Senner Winslow T. Wheeler William Blum P. Sainath Website of the Day October 1 , 2008 Glen Ford Steven Conn Alan Maass / Lee Sustar Kenneth Couesbouc Stan Goff Adolfo Gilly Rannie Amiri Ismael Hossein-Zadeh Adam W. Parsons Dave Lindorff Douglas Valentine Adrien Rain Burke Website of the Day
September 30, 2008 Pam Martens Chris Floyd Stephen Martin Deepak Tripathi Mark Engler Jonathan Cook Dave Lindorff Manuel Garcia, Jr. Ahmad Faruqui John Chuckman David Macaray Fatemeh Keshavarz Website of the Day September 29, 2008 Mike Whitney Jeff Gibbs Paul Craig Roberts Peter Morici Tim Wise John Walsh Uri Avnery Alan Farago Andy Worthington David Michael Green Carl Finamore Iris Keltz Bill Hatch Website of the Day September 27 / 28, 2008 Alexander Cockburn Linn Washington, Jr. Christopher Ketcham Mike Whitney Kevin Alexander Gray Race in the Race: Is Obama Shining Us On? Anthony DiMaggio Mary Lynn Cramer Marc Levy / Stan Cox Saul Landau Ali Khan David Rosen Todd Alan Price Matts Svensson Ron Jacobs Robert Fantina Richard Rhames David Krieger Seth Sandronsky Charles R. Larson Kim Nicolini Poets' Basement Website of the Day September 26, 2008 Moshe Adler Bill Quigley Jonathan Cook Manuel Garcia, Jr. Madis Senner Brian Cloughley Niranjan Ramakrishnan Joanne Mariner Dan La Botz David Macaray Website of the Day September 25, 2008 Michael Hudson Sharon Smith Ralph Nader Christopher Ketcham Eric Toussaint Robert Weissman David Estabrook Nikolas Kozloff Steve Early Judith Scherr Laray Polk Website of the Day September 24, 2008 Paul Craig Roberts Nikolas Kozloff Robert Weissman Andy Worthington Steve Conn Karyn Strickler Diane Farsetta Dennis Loo John Halle Khalil Nakhleh Website of the Day September 23, 2008 Rev. Jesse Jackson, Sr. Michael Hudson Tariq Ali Patrick Dyer Franklin Lamb Joshua Frank Alan Farago Dave Lindorff Tanya M. Kerssen / Harvey Wasserman Website of the Day September 22, 2008 Michael Hudson Mike Whitney Christopher Ketcham Ron Jacobs Anne-Marie McManus Robert Weitzel Wajahat Ali John Ross Steve Breyman Patrick Bond Uri Avnery Carl J. Mayer Website of the Day September 20 / 21, 2008 Alexander Cockburn Michael Hudson Pam Martens Lila Rajiva Mike Whitney Richard Rhames Bill Moyers / Bill and Kathleen Christison Susan Block Robert Fantina Heidi Walters David Yearsley Raymond J. Lawrence David Rosen David Michael Green Anthony Papa Niranjan Ramakrishnan Howard Lisnoff John Goekler Missy Beattie Dave Zirin Charles R. Larson Tim Matson Susie Day Poets' Basement Website of the Weekend September 19, 2008 Steven T. Banko Mike Whitney Michael Hudson William Kaufman Brenda Norrell Keeanga-Yamatta Taylor Clifton Ross Dave Lindorff Cynthia McKinney Susan Hurlich Michael Donnelly Website of the Day September 18, 2008 Benjamin Dangl Harvey Wasserman Susan Abulhawa Robert Weissman Anne-Marie McManus Corey D. B. Walker William S. Lind Ron Jacobs Dave Lindorff Binoy Kampmark Website of the Day September 17, 2008 Stephen Conn Forrest Hylton Patrick Cockburn Gregory Elich Ralph Nader Franklin Lamb Pam Martens Dave Lindorff Peter Morici Stanley Heller Douglas Valentine Website of the Day September 16, 2008 Paul Craig Roberts Tiphaine Dickson Stan Goff Uri Avnery Michael Winship Jeff Halper Patrick Irelan Oscar Gonzalez Binoy Kampmark Fatemeh Keshavarz Sen. Russ Feingold Website of the Day September 15, 2008 Mike Whitney Peter Morici Patrick Cockburn Charles R. Larson Jonathan Cook Nikolas Kozloff Roger Burbach Helen Redmond David Michael Green David Macaray Ralph Nader Website of the Day
|
Weekend Edition Gimme Some Truth NowAll Guns, No ButterBy SAUL LANDAU
We all learned – again –Truth occupies a unique space in American politics: the taboo corner. I don’t refer to John McCain’s “always putting my country first,” or his pious eschewing of special interests; or Barack Obama’s solemn oath to escalate the war in Afghanistan and kill Bin Laden. During the first (September 26) Presidential debate, moderator Jim Lehrer didn’t ask: “How will either candidate find money to expand the war in Afghanistan (which both want to do), maintain US military strength everywhere (761 bases), and invade Iran and/or Pakistan, while cutting spending (McCain) or repairing broken educational systems and other infrastructure (Obama)? Do you plan to borrow more from the Chinese and Saudis as US credit ratings drop to just above junk bond levels or just print money?” Truth? That’s painful. Ask the man McCain boasts of having as a foreign policy adviser. When Kissinger reigned as Secretary of State and National Security Adviser under Nixon he totally buffaloed the media, but couldn’t withdraw from Vietnam “with honor” in 1975. Since Kissinger’s departure from affairs of State, his legacy has taken firm root. In the mid 1970s, the media attending K’s “background briefings” hired a psychiatrist to help them distinguish lies from truth. Disguised as a reporter, the shrink attended several sessions, called the press corps together and informed them: “When K plays with his glasses, it’s a sign of veracity. When he rubs his thighs and clasps his hands like a school buy, expect veracity. When he opens his mouth to talk, he’s lying.” Lying has become the norm. Even after the United States lost the Vietnam War and killed up to 4 million Vietnamese, while destroying large parts of their countryside with Agent Orange and bombs, some resentful hawks maintained that the victorious Vietnamese hadn’t played fair. As Vietnam struggled to count its dead and rebuild from more massive bombing than World War II on Germany and Japan, Washington whined about them not returning all the MIAs. The media and politicians didn’t ask: what did Vietnam do that caused us to invade them and bomb them to smithereens? To this day, some hard cases still whimper “they” didn’t let us win. Two decades earlier, Eisenhower quit in Korea. Only a much decorated General could carry this off! He understood the United States could not win an Asian land war. A Big Fat Truth! The United States cannot win in Iraq or Afghanistan. At best, it can leave an Iraqi army and police force with loyalties closer to Iran than to Washington. Iran has already gained regional prominence thanks to Bush’s demolition of Saddam Hussein and his Sunni-led rule. When a pseudo secessionist movement erupted in Bolivia in August, the United States predictably backed the rich and the white against the poor and dark skinned Indians. Then, under Chilean leadership, Latin American nations met and backed President Evo Morales in his effort to maintain Bolivian sovereignty and integrity. Washington was not a player. Ecuadorian President Rafael Correa evicted a US military base – supposedly drug-war related. In the summer, Bush sent the Fourth Fleet sailing south to show power. Latin American editorials sneered and groaned. Finally, Bush explained that his effort related to humanitarian concerns. One of the ships had a few beds and a few doctors to treat patients – a ridiculous effort to compete with the tens of thousands of Cuban doctors that had treated vast numbers of poor Latin Americans over the decades and trains gratis their young people to become doctors. US diplomats did no better in Asia, when ideologically rigid neo liberals failed to get North Korea to denuclearize. The giant power under Bush run by the neo cons got no settlement in the Middle East, and even intervened poisonously in the Georgian President’s military battle with Russia in South Ossetia and Abkhazia. The rest of the world sees the US Empire as an overreaching and out of control colossus. But our own political leaders refuse to admit they run an empire. As world markets shudder, most dramatically in the United States, columnists foresee the end of the American Century, which began in 1945. “Having created the conditions that produced history’s biggest bubble, America’s political leaders appear unable to grasp the magnitude of the dangers the country now faces, wrote John Gray. “Mired in their rancorous culture wars and squabbling among themselves, they seem oblivious to the fact that American global leadership is fast ebbing away. A new world is coming into being almost unnoticed, where America is only one of several great powers, facing an uncertain future it can no longer shape.” (The Guardian, September 28, 2008) Gray refers to neo liberalism’s twin pillars, absolute military power and unconditional free market economics. He reminded readers how President George “Free Market” Bush attacked other national leaders’ lack of discipline in applying neo liberal models. Bush now demands urgently that Congress authorize massive government intervention in the economy. Of course, most third world countries had already experienced the woes of IMF free market models. Angry Americans now hurl curses at bankers, investors and brokers. They ruined the economy at home. China, whose government laughed at neo liberal models, continued to buy US paper. None of its major banks have yet collapsed. Instead, China celebrates the return of its astronauts from their space jaunt. US investment in scientific research shrinks. Once the world’s rule and law maker, US leaders have proven unreliable in the extreme. In 1945, Washington insisted on establishing rules for starting wars at the Nuremberg trials. Having established the absolute illegality of aggressive (preemptive) wars, Washington engaged in several of these – including Vietnam and Iraq. The laws, as the rest of the world discovered, applied to them, not to the United States. On the economic front, Washington demanded from the world its neo liberal fiscal orthodoxy. Then, countering one of the “free market” ideology’s key dictates, it began borrow staggering sums. Chinese and Saudi loans helped finance Bush’s tax cuts. Arab Petro-states and Japan contributed loans so US troops could die and kill in Afghanistan and Iraq and occupy bases everywhere. Candidate McCain blames the financial collapse on greed. He and Obama offered sheepish support of a modified bailout plan. McCain wants to curtail government but expand its bailout role and its military operations – as does Obama. This means more borrowing from abroad. What a plunge from greatness! Roosevelt believed a UN could steer a path that muted aggressive imperial behavior. Like Eisenhower, FDR understood that once engaged in global militarism even the strongest economy must bend. World War I irrevocably damaged England and France. Germany resurged from defeat to assert imperial ambitions – and then got destroyed, and divided for four plus decades. The Soviet Union’s Waterloo came in Afghanistan and in the arms race when it could not outspend its rival. Bush’s wars have cost $1 trillion or more. A self-called compassionate conservative has spent the world’s largest economy into a bottomless pit of debt. Bush still pushes a dubious missile defense as authority oozes from Washington, tied down in two wars and scurrying to save its credit market. Russia demonstrated US helplessness as its troops poured into Georgia. Ironically, Bush’s still neo con military plans demand ever more money and Congress passed a military budget without debate that exceeds – with Iraq supplemental and intelligence – the previous $700 billion figure Amazingly, given our weakened economy, no serious political figure or media pundit has yet suggested that US military commitments make no sense: Iraq, Afghanistan, plans to invade Iran and Pakistan, the maintenance of 761 bases and developing a new round of nuclear weapons. The media still buys the myth of Bush’s successful surge; translated as bribing Sunnis and encouraging ethnic cleansing to decrease conflict in some of Iraq, not the troop increase. The image of this nation, fostered by all official and unofficial sources, touts it as the permanent number one. Shouting USA and singing “God Bless America” with hats off at baseball games may make some of us continue to feel good, so long as truth never gets in the way. Saul Landau is an IPS fellow, author of A BUSH AND BOTOX WORLD (Counterpunch A/K)and WE DON’T PLAY GOLF HERE, plus 40 other films on dvd (available at roundworldproductions@gmail.com)
|
Now Available from CounterPunch Books! The Inside Story of the Shannon Five's Smashing Victory Over the
RED STATE REBELS: Edited by ![]() Buy End Times Now! CounterPunch Books of the Crossroads: HOW THE IRISH INVENTED SLANG By Daniel Cassidy AMERICAN BOOK AWARD! ![]() Click Here to Buy! Click Here for Dates & Venues Michael Neumann's Devastating Rebuttal of Alan Dershowitz ![]() Click Here to Buy! Saul Landau's Bush and Botox World with a Foreword by Gore Vidal ![]() Click Here to Order! How They Made a Killing on the War on Terrorism ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
![]() Humanitarian Imperialism By Jean Bricmont ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() CITY BEAUTIFUL By Tennessee Reed ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |