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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.
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Today's Stories October 10 / 12, 2008 Alexander Cockburn Syed Saleem Shahzad Patrick Cockburn Paul Craig Roberts Mike Whitney Peter Morici Christopher Ketcham Stephen Martin Chellis Glendinning Saul Landau Ahmad Faruqui Serge Halimi Anthony DiMaggio José M. Tirado David Macaray Robert Fantina 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
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Weekend Edition The Musical PatriotThe Playlist for Election 2008: From Wagner to Virgil ThomsonBy DAVID YEARSLEY In general I’m opposed to the indiscriminate expansion of music into the public space at the expense of civic background noise or that increasingly elusive elixir, silence. Baseball games, walks in the park, lakeside picnics—all have been poisoned by the boom box, the car stereo, the wailing loudspeaker. For the debates I make an exception. Never has a soundtrack been so badly needed. Aside from providing the necessary balm to the parched rhetoric of McCain and Obama, music would prompt us how to feel as the candidates trot out their tired set-piece responses. The most relevant application of music to the debates comes in the form of the leitmotiv, Richard Wagner’s grandiose scheme in which musical themes shadow individual actors and props in the drama and also signify overarching themes such as destiny, love, nature. Since Wagner’s innovations, the leitmotiv has become a commonplace of modern life, from the jingle to the political campaign song. The leitmotiv needs to be introduced into the debates, whose epic ninety minutes make the four-and-a-half hours of Götterdämmerung seem like a rapid fire sitcom. It’s a parlor game anyone can play. Using whatever musical repertoire is at your disposal, pick out your favorite political themes and characters and attach to them a musical motive of your choice, and off you go: Presidential Debates Leitmotivs—the parlor game that’s sweeping the nation. Resolved to come through the second presidential debate in better condition than I did the first encounter, I decided to spend the evening seated at my piano, armed with my leitmotivs. In the days before the debate, I began my musical preparations by leafing through Die Nationalhymnen der Erde (National Anthems of the World) published in 1958 in Stuttgart, Germany by the Institute for Foreign Relations. I quickly found the Pakistani national anthem. Composed by the Western-trained Ahmed Chagla, who died just before his music was adopted for the anthem in 1953, the music begins in classic 19th-century martial style, with a rising figure of sharp rhythmic profile. It may be a post-colonial piece of music, but it still speaks the language of colonialism. Fortuitously, the Pakistani anthem also shares its opening rhythm and melodic contour with Hail to the Chief. Who would have thought that the two form an almost indistinguishable pair? The match is exquisitely Wagnerian. The Monomiac of Bayreuth’s leitmotivs gained much of their insidious power from their creepily organic interrelatedness. Thus for example in the Ring cycle, Erda the Earth-Mother as a symbol of primordial wisdom is represented by a minor ascending figure, a horncall-like mixture of steps and leaps; the downfall of the gods is presaged by a theme that is the descending version of Erda’s leitmotiv. The famous upward-flying minor triad of the Valkyries’ theme is interlinked with many others motives, most closely perhaps with that for the thunder. The musical affinity between the Pakistani national anthem and Hail to the Chief perfectly served perfect my purposes. Even better, the middle section of Chagla’s anthem shifts to the minor and makes use of some serpentine orientalist intervals, before returning to the triumphant major strains of the opening. The contrasting middle section is an oddly European characterization of a “real” Pakistani music, but perfect for the leitmotiv game. When after more than an hour, Obama and McCain finally got round to Obama’s tough talk about bombing Pakistan, I was ready to grab a quick snatch of the opening bar of the country’s national anthem at the piano. I then moved seamlessly into Hail to the Chief when Obama recited the related bit of dialog: “When I am President …” Music clinched the connection in a way mere words could not. When Obama strutted around talking smack about “taking out bin Laden,” I played the snake-charmer music from the middle section of Pakistan’s anthem. Much to my satisfaction this interchange between the candidates went back and forth for some time providing ample opporunity for my stirring musical accompaniment. With the aid of these leitmotivs, I could suddenly see heroic deeds in the stultifying rhetoric. The somber Town Hall I became magically ringed by white mountains, with bin Laden plotting in his hi-tech cave, and Obama strutting around the White House situation room in full bomber-pilot kit as daisy cutters rained down on the Hindu Kush. For McCain’s music I generally adopted a more vernacular approach, drawing on the fine anthology assembled by Austin and Alta Fife, Cowboy and Western Songs. Each time McCain pointed his finger at Obama, I broke into The Old Chisholm Trail, its simplistic melody plodding along like the gimpy mule-driving senator from Arizona himself: Oh come along boys, and listen to my tale, But whenever McCain intoned his “experience” chant, I covered that with Chopin’s Funeral March (Op. 35, no.2 ), Sarah Palin and Cindy McCain elbowing each other out of the way for pride of place in the cortege. Chopin’s dirge provides a bit of Old World perspective on the self-styled maverick’s open-range kvetching. Service to Country, Ear-Marks, Veterans, Tax-and-Spend Liberal, Ahmadinejad, General Petraeus, the Surge, Main Street and Wall Street: all received their leitmotivs, and were better for it. I also provided some useful, if obvious, music for the long shots showing the candidates prowling around the floor of the amphitheater like estranged brothers-in-law trying to avoid each other at a family wedding reception. For this I turned to Erik Satie’s by-now-hackneyed Gymnopédie no. 1: almost miraculously, the contenders’ embarrassing dance was transformed into a poignant symbolist choreography. These interludes also recalled to the equally overused music I chose for the debaters’ entrance music: Stephen Sondheim’s Send in the Clowns, a piece which owes much to Satie. In advance of the final debate I’ve already been digging around for new themes for the Weather Underground, FDR’s ghost, Missile Defense, Troopergate, and The Crash of 2008. Never have the candidates been so much fun as then whey are forced to let music do the real communicating. David Yearsley teaches at Cornell University. A long-time contributor to the Anderson Valley Advertiser, he is author of Bach and the Meanings of Counterpoint His latest CD, “All Your Cares Beguile: Songs and Sonatas from Baroque London”, has just been released by Musica Omnia. He can be reached at dgy2@cornell.edu
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