Posts Tagged ‘Barack Obama’

Barack Obama’s $400,000 speaking fee

May 3, 2017

There are two ways of looking at the $400,000 speaking fee that ex-President Barack Obama will receive from the Wall Street brokerage firm of Cantor Fitzgerald for speaking at a health care investment conference.

One is that a public official who governed in the interests of Wall Street and the health insurance industry is receiving a big bag of money from a Wall Street firm with major investments in the health insurance industry.

The other is that Obama is merely doing what all but one of the ex-Presidents from Gerald Ford onward have done, which is to use speaking fees cash in on his celebrity status.

Hillary and Bill Clinton’s speaking fees were a special case because Hillary Clinton was a future Presidential candidate.   Hillary’s $675,000 in Goldman Sachs speaking fees could be interpreted as payments not only for services rendered, but for services anticipated.   That suspicion was reinforced by Clinton’s refusal to release the texts of her talks.

I imagine that Barack Obama will have sense enough to watch his words enough to be able to release the text of his Cantor Fitzgerald talk without embarrassment.

Obama is not doing anything unusual.  All but one of the Presidents from Gerald Ford through George W. Bush cashed in with big speaking fees after they left office.

This is the new normal.  In this neoliberal age, an ex-President such as Harry Truman or Jimmy Carter who refused to monetize the office of the Presidency would seem quaint and strange.

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Will the GOP repeal the Affordable Care Act?

January 18, 2017

Update 1/19/2017.  It seems that in fact the Congressional Republicans do have an alternative of sorts to Obamacare.  A link has been added to this article.

The top video from Vox is about Kathy Oller, who lives in southeastern Kentucky and has a job signing people up for the Affordable Care Act.  It tells why many people in her area think the cost of the ACA is too high, and why they voted for Donald Trump.

The bottom video is about an interview of President Barack Obama by Vox reporters on the topic of health care.  Kathy Oller came along.  Her question to President Obama and his answer begin at the 37th minute and take about eight minutes.

President Obama is right in saying Republican leaders are irresponsible in proposing to repeal the ACA without having a replacement plan in place, and in challenging them to come up with a better plan.

It’s apparent that the Republican leadership doesn’t have such a plan..

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Manning to be freed—in exchange for Assange?

January 17, 2017

Five days ago Julian Assange stated on Twitter that he would agree to be extradited to the United States if President Obama freed Chelsea Manning.   Today President Obama commuted Manning’s sentence, effective May 17.

Manning is the former U.S. Army Pvt. Bradley Manning who provided information to Wikileaks about military coverups.   He has served nearly seven years of a 35-year sentence, the longest term any American has served for leaking information to the public.

Among the information that he revealed were reports that civilian casualties in Iraq were higher than reported.  He also gave Wikileaks the video footage used below..

I don’t have any way of knowing whether President Obama’s decision to commute Manning’s sentence was done out of humanitarian feeling, or whether it was result of negotiations with Assange.

If it was Obama’s unconditional decision, he deserves credit for doing the right thing.

If it is part of an agreement to trade Assange for Manning, then all I can say is that Assange is a brave and honorable man, and Obama is not.

We’ll see what happens in May.  If Assange does surrender, we’ll see what President Trump does.

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U.S. greenhouse emissions have fallen since 2000

January 14, 2017

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Emissions of carbon dioxide and other greenhouse gasses remained level during the administration of George W. Bush and actually fell during the administration of Barack Obama, even though economic output rose.

This means that economic growth doesn’t depend on making global warming worse.  It means that, to the contrary, it is feasible to do something about global climate change.

It won’t mean that the Greenland ice cap will stop melting or the American Southwest will stop suffering from drought or coastal cities such as Miami or Houston will be safe.  It took a long time to create the buildup of greenhouse gasses in the atmosphere, and it will be a long time before they go away.

The benefit of reducing greenhouse gasses will go to future generations, not to us.  But is good news, just the same.

Part of this is due to technological progress, which has made renewal energy competitive (or more nearly competitive) with fossil fuels.  But credit also is due to the actions of the Environmental Protection Agency and the Department of Energy under President Bush and especially President Obama.

Sadly, this may all change for the worse under President Donald Trump, who denies the reality of human-made climate change and is filling his administration with climate change deniers.

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Cyber war is real war – let’s not blunder into it

December 31, 2016

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President Obama seems hell-bent on spending his 20 remaining days in office in pushing the United States into a cyber-war with Russia.

In terms of domestic partisan politics, this may be smart.  Foreign policy toward Russia is a wedge issue between Republican war hawks in Congress and President-elect Donald Trump.

In terms of the national interest, this is irresponsible as well as improper.

Much of the U.S. press it takes for granted that Russian intelligence services obtained confidential DNC e-mails and transferred the information to Wikileaks.  This may or may not be true.

The determination as to what happened and what to do about it should be made by the incoming administration, which will have the responsibility for dealing with the consequences.

I do not have confidence in President-elect Trump’s judgment, but he does have sense enough to see that there is no fundamental conflict of interest between Russia and the USA (except maybe over access to the oil and gas resources of the Arctic, which is not currently an issue).

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What Obama could do to curb Trump’s power

December 5, 2016

President Obama said during the campaign that he’s worried about somebody like Donald Trump with access to the nuclear codes and all the other powers of the Presidency.  A writer named Pratap Chatterjee listed nine things Obama could do to reduce Trump’s power to do harm.

  1.   Name innocent drone victims.
  2.   Make public any reviews of military errors.
  3.   Make public the administration’s criteria for its “targeted killings.”
  4.   Disclose mass surveillance programs.
  5.   Make public all surveillance agreements with private companies.
  6.   Make public all secret laws created in recent years.
  7.   Punish anyone who has abused the drone or surveillance programs.
  8.   Punish those responsible for FBI domain management abuses.
  9.   Pardon Edward Snowden, Chelsea Manning and the other whistleblowers.

That wouldn’t eliminate a President Trump’s power to start wars without authorization from Congress, but it would be a start on reducing Presidential powers to their Constitutional limits.

LINKS

Obama’s Last Chance by Pratap Chatterjee for TomDispatch.

FBI and NSA Poised to Gain New Surveillance Powers Under Trump by Chris Strohm for Bloomberg News.

 

Obama’s legacy to Trump

November 30, 2016

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Money and oligarchy in U.S. elections

October 7, 2016

We Americans take it for granted that we are a democracy.  Some of us think we have a right and responsibility to spread out democracy to other countries.

Yet a couple of social scientists have determined that the United States is governed as if it were an oligarchy.

reinsdemocracyMartin Gilens of Princeton and Benjamin Page of Northwestern looked at 1,779 issues on which Americans were polled from 1981 through 2002, and then how Congress acted on these issues.

They found that Congress followed the wishes of the top 10 percent of income earners most of the time, and the bottom 90 percent hardly ever.

That is the classic profile of government by oligarchy—government by  a small group, usually of rich people.

The survey found that Americans who band together in interest groups, such as the American Association of Retired People or National Rifle Association, have more influence than numerous, but separate, individuals, but business groups have more influence than other groups.

How can this be?  A rich person’s vote does not count any more than anybody else’s vote.

But rich people, especially corporate executives, have means of influencing policy that the rest of us lack.  They are:
▪    Campaign contributions to influence elections.
▪    Second-career jobs for politicians and government employees
▪    Propaganda to influence opinion, both among the public and the elite.

In this post, I’ll deal with the first.

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How I became radicalized

September 14, 2016

For most of my life, I thought my country was fundamentally sound and moving in the right direction.

I knew there were serious problems and injustices in American life, but I thought that these were aberrations, contrary to our democratic ideals, which under our democratic system would be reformed over time.

radicalismstock-photo-fake-dictionary-dictionary-definition-of-the-word-radicalism-180290102I rejected the Communist belief that the crimes of capitalism are systemic, while the failures of Communism are failures to correctly understand or follow Marxist doctrine.

But my own beliefs were the mirror image of this.  I believed that the crimes of Communist countries were the inevitable result of a bad system, while the crimes of Western countries were aberrations that could be corrected.

The first step in my radicalization was the passage of the USA Patriot Act in October 2001.  I was shocked at how fundamental liberties, such as habeas corpus and trial by jury, could be simply wiped off the blackboard, and the majority of Americans would see nothing wrong with this.

I always thought of torture as the ultimate crime against humanity, because it destroys the mind and soul while leaving the body alive.   Torture became institutionalized, and even popular—possibly because of the illusion that it would be limited to people with brown skins and non-European names.

But I still thought of this as an aberration, part of a scheme by Dick Cheney, Donald Rumsfeld and others to restore executive power that had been lost after the Watergate hearings.  I voted for Barack Obama with great enthusiasm in 2008, not because I believed he would be a strong reformer, but because I thought he would restore the country to normal.

I soon learned that there was a new normal, one that was different from what I thought it was.

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The problem with a woman as President

August 2, 2016

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When I look at the lists of women heads of state and women heads of government since World War Two, I see more warrior queens—Golda Meir, Margaret Thatcher, Indira Gandhi—than I do motherly social reformers.

The problem with women leaders in a male-dominated society is that, in order to be respected by men, they often repress the so-called feminine weaknesses of compassion and empathy and emphasize the so-called masculine virtues of combativeness and unsentimental moral pragmatism.

I don’t know whether Hillary Clinton became a war hawk in order to earn the respect of powerful men, or whether she had the respect of powerful men because she already was a war hawk, but I’m pretty sure she wouldn’t be a respected part of the political establishment if she were an advocate for peace.  The problem is that a war hawk is not what is needed now.

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Clinton conceded next to nothing to Sanders

July 28, 2016

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When Barack Obama was nominated for President in 2008, he offered Hillary Clinton, as the price of her support, a Cabinet post and the promise to back her candidacy in 2016.

Bernie Sanders asked much less in return for his support of Hillary Clinton’s candidacy—merely a non-binding Democratic platform that supported his progressive agenda.   He didn’t even get all of that.  The Democrats have come around to a $15 an hour minimum wage, but refuse to take a stand on fracking or the odious Trans Pacific Partnership agreement.

The difference between 2008 and 2016 is that Obama and Clinton were both candidates of the status quo (which I didn’t realize then) whereas the Sanders candidacy was a real threat to the moneyed interests that who support Clinton.

It is not that Sanders supported anything radical.   Although he called himself a socialist, he ran as a Hubert Humphrey Democrat.  He supported restoration of New Deal programs that worked well in the past and a few programs, such as Medicare for all, that have worked well in foreign countries, while having little to say about foreign policy.

But to enact these modest reforms would require a real political revolution because they are unacceptable to the kind of  bankers and billionaires who made Bill and Hillary Clinton rich.

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President Obama’s failure on climate change

July 27, 2016

President Obama was elected in 2008 based on promises to, among other things, do something about global warming.  My e-mail pen pal Bill Harvey called my attention to an article highlighting his refusal to act.  Here’s an excerpt:

climatechange91740d8c51000401415d83d7d5ded446Obama has sufficient scientific resources at his command to know exactly what we are doing and failing to do. He came into office with control of both houses of Congress and a clear mandate to act on the climate crisis, with scientists the world over sounding all the necessary alarms.

But in pursuing an “all-of-the-above” energy policy, highlighted by the figurative explosion of fracking and the literal explosions of oil trains and deep sea drilling rigs, Obama has turned the US into the No. 1 producer of fossil fuels in the world.

The value of federal government subsidies for fossil-fuel exploration and production increased by 45 percent under his watch, even as he turned what were once climate “treaty” talks into a subterfuge for global inaction. This, from the guy who ran against “Drill, Baby Drill!”

Source: Truthout

True, Obama’s Environmental Protection Agency has enacted regulations classifying greenhouse gasses as pollutants, which are intended to close down aging coal-fired electric power plants.  He has obtained subsidies to promote renewable energy.  And he has set targets for reducing greenhouse gas emissions, to be accomplished by future administrations.

But this has been offset by his promotion of the domestic oil and gas industry and his opposition to enforceable international climate treaties.

The problem is that there is no immediate political payoff from trying to slow down global warming.  The climate change that is manifesting itself right now—record-breaking temperatures, floods and droughts—is the result of decisions made or not made 30 or 40 years ago.

What is done—or not done—today about climate change will not change the present situation.  It will only help people 30 or 40 years from now.  There is little political incentive to do that.

Neither democratic government nor free-enterprise economic systems, assuming that this is what we have, would respond to the immediate concerns and wishes of the public, but not to warnings about future problems.  Not that socialist dictatorships have a better record!

The only answer, as I see it, is for climate change activists to do what Naomi Klein describes in her book, This Changes Everything, which is to join up with those who are fighting fossil fuel companies on other grounds—protection of property rights, Indian treaties, public health and the environment, and the authority of local government.

LINK

President Obama’s Lethal Climate Legacy by Zhiwa Woodbury for Truthout.

Obama, lame-duck GOP Congress may enact TPP

July 20, 2016

Republicans in Congress refused to vote President Obama’s Supreme Court nominations on the grounds that he is a lame duck.  But it’s highly likely they’ll join with him to enact the odious Trans Pacific Partnership agreement right after the November elections, when he and they really will be lame ducks.

Pac-Money-400x266When Congress voted to allow a “fast track” decision—an up or down vote with little time to discuss the agreement—it was Republican votes that provided the margin of victory.

“Fast track” means there’s no way to stop a lame-duck vote on TPP, even if anti-TPP candidates sweep Congress in the November elections.

All it would take is that President Obama, House Speaker Mitch McConnell and other TPP supporters are brazen enough.

Bernie Sanders opposed the TPP.  Donald Trump opposes it.  Hillary Clinton promoted it when she was Secretary of State, but she says she now has reservations about it.  Her supporters on the Democratic platform committee voted down a plank that would criticize the TPP so as not to embarrass President Obama.

The TPP—and the related Transatlantic Trade and Investment Partnership agreement and Trade in Services Agreement—are corporate wish lists written into international law.

These limit the power of governments to legislate and regulate to protect workers, consumers and the environment, grant drug and media companies new intellectual property rights, and create panels of arbitrators that can impose penalties on governments for depriving international corporations of “expected profits.”

So it’s fitting, in a way, that these anti-democratic trade agreements are likely to be enacted into law by a President and members of Congress who may not have run for re-election or been voted out of office.

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The danger of nuclear war is real and growing

June 15, 2016

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The danger of a U.S. nuclear war with Russia is real and growing.

The risk is not that an American or Russian President would deliberately start a nuclear war.  The risk is that U.S. policy is creating a situation in which a nuclear war could be touched off by accident.

_89672013_missile_defence_map624_no_iranDuring the Obama administration, the U.S. government has cancelled the Anti-Ballistic Missile Treaty, installed a missile defense system in Rumania and is in the process of installing a system in Poland.

What is the harm of a defensive system?  It is that the ruler of a country with a missile defense system might be tempted to launch a missile attack, in the hope that the enemy’s retaliatory missiles might be stopped.

A defense system that is not strong enough to stop an enemy’s first strike attack might be strong enough to defend against retaliation from an attack, since much of the enemy’s weapons will have been destroyed.  So, strange as it may seem, setting up a missile defense system can seem like an aggressive act.

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Vote for Clinton to stop Trump?

June 10, 2016

trumpclinton3Thomas Frank, Elizabeth Warren, Noam Chomsky and others I respect intend to vote for Hillary Clinton in order to keep Donald Trump out of the White House.

I think this is an honorable position, provided that it is a one-time-only position.

The problem is that voting for bad candidates can be habit-foriming.

In defending bad policies in order to prevent worse, you risk losing sight of what good policy might be.

Lambert Strether, who posts on the naked capitalism web log, recently made a list of the things that you have to justify in order to defend Clinton.

1.  Corruption.  To protect Clinton, liberals have adopted the majority doctrine in Ctizens United: Only a quid pro quo is proof of corruption.

2.  Transparency.  To protect Clinton, liberals maintain that high government officials can, at will, privatize their communications to shield them from FOIA.

3.  Militarism.  To protect Clinton, liberals minimize her AUMF vote, ignore Libya, ignore Honduras, ignore Ukraine, and treat unwavering support for Israel as an unqualified good.

4.  Health.  To protect Clinton, liberals reject Medicare for All.

5.  Working Class.  To protect Clinton, liberals deny that there is or can be a working class electorate.  The electorate is only to be viewed through the prism of identity politics.

Two category errors follow: The “white working class” is deemed to be racist, by definition, and the non-white working class is erased.  Consequently, it’s impossible to think through the universal effects of the FIRE [financial] sector on the working class, nor its differential effects on particular working class identities.  This is not an accident.

That’s quite a platform.  And if you’re thinking the Democrat Party isn’t the Democratic Party you knew and loved, that’s not an accident either.  This has been a wonderfully clarifying primary, for which I congratulate all the players.

Source: naked capitalism

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The US is already in a trade war with China

June 9, 2016

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President Obama has a habit of undercutting Republicans by stealing their issues.  He is doing that to Donald Trump on trade.

Trump has threatened a trade war with China, but the Obama administration has already launched a trade war.

Trump proposes to hit China with protective tariffs of up to 45 percent on goods shipped to the United States.   But the Obama administration has authorized U.S. Steel Corp. to ask the International Trade Commission for permission for total ban on Chinese steel exports to the United States.

U.S. Steel executives ask for the ban in retaliation for theft of their trade and manufacturing secrets by Chinese hackers.

Earlier this year the Obama administration has imposed a tariff of 522 percent on cold-rolled flat steel from China and 72 percent of this type of steel from Japan.  Cold-rolled flat steel is used in auto manufacturing, shipping containers and construction.

The justification for the tariff is that Chinese companies are dumping steel on the world market below their cost of production.  They produced more steel than they can profitably sell, and so are trying to cut their losses by selling their product for whatever they can get.

Based on a quick reading of on-line news articles, I think there is a basis for the charges against the Chinese.  European countries also charge China with dumping.

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What’s the matter with the Democrats?

May 21, 2016

This was originally published on March 28, 2016

I looked forward to reading Thomas Frank’s LISTEN, LIBERAL -or- What Ever Happened to the Party of the People?  I finished reading it over the weekend, and it’s as good as I thought it would be.

It is an explanation of how the Democratic Party ceased to be an advocate for the interests of working people and organized labor, and instead became the party of the credentialed professional class, as exemplified by Bill Clinton, Barack Obama and Hillary Clinton.

Thomas Frank is best known for his book, What’s the Matter With Kansas? which is about how a once-radical state became a stronghold of the right wing.  In this book, he explains how the party of the New Deal became the party of bank bailouts and pro-corporate international trade deals.

Thomas Frank

Thomas Frank

The change began with the split between college-educated idealists and blue collar union workers in the late 1960s.  Young radicals thought that the New Deal was yesterday’s news and that labor leaders such as the AFL-CIO’s George Meany were obstacles to peace in Vietnam and justice for minorities and women.

The young radicals triumphed in 1972 when they nominated George McGovern for President, under convention rules written so as to guarantee representation  for minorities, women and youth, but not for union members.

When McGovern went down in humiliating defeat, the party leaders rewrote the rules so as to prevent another McGovern from arising again.  They did not, however, return to their New Deal roots.  Instead they started to bid against the Republicans for support of the business class.

These two factions of the Democratic Party – social liberals and the business conservatives – eventually came together.

Their common ground was belief that the world should be run by an elite of smart people.  Their liberalism consisted of belief that there should be equal opportunity to enter this class based on educational credentials and professional achievement.

The idea was not to raise the material standard of living poor people and the working class in general, as in New Deal days.  It was to give everybody, through access to education, an equal chance to be part of the elite, regardless of race, ethnicity, gender, sexual orientation or social or economic class.

Then, if you still couldn’t succeed, it would be your own fault.  Maybe you didn’t study hard enough in the fifth grade.

This is not to say that Democrats became the same as Republicans.

Republican leaders wanted to be governed by an elite of tough, successful competitors.  Democratic leaders want to be governed by an elite of enlightened thinkers.

Republican leaders embrace economic inequality because they believe the laws of the free market are moral values.  Democratic leaders accept economic inequality because they believe the laws of the free market are scientific laws.  Republicans despise losers.  Democrats sympathize with losers, but do not think it is feasible to help them.

Republicans govern in the interests of the top 1 percent of income earners.  Democrats, as Frank wrote, govern in the interests of the top 10 percent.  [1]

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Obama extends overtime pay over GOP objection

May 18, 2016

overtimepay30-b2-a8-1571-1454141881Give credit where credit is due.   The Department of Labor’s new rule on overtime pay for salaried workers would benefit millions of American workers.  Such a rule would not have been proposed under a Republican administration.

But why is the rule being introduced now, and not years ago?  I suspect, although I cannot prove, that this is a response to the Bernie Sanders campaign.

A Republican administration would not have done what Obama just did.  Conservative Democrats are not advocates for working people, but they can be pressured into appeasing working people.  This is not true of conservative Republicans, who oppose high wages and pro-labor legislation.

If Hillary Clinton and other conservative Democrats are elected this fall, the lesson for labor unions, civil rights organizations and consumer advocates is to keep the pressure on to support their interests.

They should follow the example of the LGBT movement.  President Obama originally opposed gay marriage, but changed his position after LGBT supporters withheld campaign contributions.

This is the way to play politics.  Don’t support anybody unless they give you a positive reason to support them.

Politicians who depend on campaign donations from large corporations and rich people will never go against the vital interests of their donors, but they can be forced to strike a balance between donors and their core voters unless the voters passively support them.

LINKS

Obama Is Bringing Overtime Pay to Millions of Workers by Dave Jamieson for the Huffington Post.

The new overtime rule will directly benefit 12.5 million working people: Who they are and where they live by Ross Eisenbrey and Will Kimball for the Economic Policy Institute.

Republicans Move to Block New Overtime Rules by Connor D. Wolf for the Daily Caller.

Will Hillary Clinton run as a conservative?

May 9, 2016

Back in 1972, Democratic voters nominated a candidate, George McGovern, who was unacceptable to the Democratic leadership.  Top Democrats such as Lyndon Johnson silently supported Richard Nixon, who won in one of the biggest landslides in American history.

GettyImages-480679428.0Hillary Clinton seems to be basing her campaign on the top that the same thing will happen in reverse—that the top Republicans and also upscale Republican voters will support her, or remain neutral, because they can’t support Donald Trump and she is a sensible conservative

This would be bad for the nation.  It also would be a disaster for the Democratic Party.

Trying to out-Republican the Republicans was the strategy of her husband, Bill Clinton, in the 1990s.  He stole the Republicans’ thunder by balancing the budget, cutting back welfare, support mass incarceration and deregulating finance.

Barack Obama used the same strategy.  His legislative program consisted of asking Republicans in Congress to enact their own past policy proposals.  The Republican responded by simply everything Obama proposed regardless of merit—except, of course, pro-corporate trade deals, military intervention and shielding Wall Street from prosecution.

From the standpoint of political expediency, this strategy worked to the extent that Clinton and Obama won re-election, the first Democrats to do so since Franklin Roosevelt.  The strategy failed to the extent that, during both their administrations, Democrats lost control of Congress.

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The nuclear temptation

April 28, 2016

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The Obama administration is preparing a new generation of tactical weapons that supposedly would give the U.S. the power to fight and win a war against Russia or China.

The weapon is called the B61 Model 12.  It is a precision-guided atomic missile, with a computer that can guide it to its target and a “dial-a-yield” feature that would control the size of the explosion.  It could be launched from bombers that also drop conventional bombs, creating uncertainty in the targeted enemy.

The argument for such weapons is that, being precise, they would be more effective militarily and result in loss of less innocent life.   The argument against is that, for this very reason, there is a greater danger they would be used.

The U.S. government and its allies are increasing their forces along the borders of both Russia and China, but it is unlikely that they were be a match for larger Russian and Chinese forces fighting in their own neighborhood.  But deployment of tactical nuclear weapons would not necessarily change that equation, because the Russian and Chinese military have their own weapons.

Both Russia and the USA are currently undergoing modernizations of their nuclear forces.  Modernization is estimated to cost the U.S. more than $30 billion a year—$1 trillion over 30 years.

Modernization does not, in and of itself, increase the threat of nuclear war.  If there are to be nuclear weapons at all, the machinery needs to be updated and replaced to avert the danger of an accidental explosion or accidental launch.

The development of battlefield-capable weapons, however, does increase the scope and likelihood of war.  But the greater mistake is a military buildup along the borders of Russia and China—two powerful nations that are not threatening the United States, but may be provoked into doing so.

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Malik Jalal tries to get off Obama’s Kill List

April 15, 2016

Malik Jalal has traveled from Pakistan’s Waziristan border region to Britain so as to plead with President Obama to stop trying to kill him.

Malik Jalal

Malik Jalal

Malik is an honorary title that means “village leader”.  He is a member of the North Waziristan Peace Committee, whose mission is to negotiate with the Pakistan Taliban to reduce violence in the region.  The committee’s work is sanctioned by the government of Pakistan.

He has survived four attacks by Hellfire missiles and now sleeps out in the woods with his six-year-old son.  He wrote in The Independent that he has information that the U.S. military wants to stop the work of the Peace Committee because they think peace would give the Taliban a secure sanctuary.

Jalal wrote that the first attack came in 2010, when his nephew took his vehicle to a service  station  to get an oil change and to have the tires checked.   A Hellfire missile hit Jalal’s vehicle and another vehicle parked just beside it.  The nephew was injured and four innocent bystanders were killed.

The next time he was driving to a peace conference, with another vehicle on the road behind, which happened to be the same shade of red as Jalal’s.  A Hellfire missile destroyed the trailing vehicle and all four occupants, all innocent bystanders, were killed.

Jalal became sure that he was the target after the next attack.  He accepted a dinner invitation by cell phone and, while he was on the way, a Hellfire missile struck, killing three innocent people, including a father of three and a mentally retarded man.

The fourth attack came early in 2011, when the Hellfire missile struck a meeting of community leaders, killing 40 people, none of whom, according to Jalal were engaged in acts of violence.

Since then he has taken to sleeping out of doors on a mountainside far from his house and always parking his vehicle a long distance from any destination.  Recently, he said, his six-year-old son has joined him on the mountainside.  The little boy said it was unrealistic to think that the U.S. military would refrain from killing Jalal’s family just because he wasn’t at home.

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The difference a woman President would make

April 15, 2016

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Source: Ted Rall’s Rallblog.

Qualitative easing and the Obama recovery

March 25, 2016

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The Federal Reserve Board’s policy of qualitative easing has helped the stock market recover.  But Americans who work in the real economy are still struggling.

Qualitative easing is the Federal Reserve Board’s policy of creating new money to buy Treasury bonds in order to keep interest rates low.  The greater the demand for bonds, the lower the interest rates, and the interest rate on Treasury bonds is generally the benchmark on all Treasury bonds.

The Fed’s Operation Twist was a sale  of medium-term Treasury bonds and purchase of 10-year bonds.  The Federal Funds rate is the interest rate for overnight loans among banks so they can meet the Federal Reserve’s requirement for reserves.

The chart above shows how QE correlated with the ups and downs of the stock market.  But, as I indicated in a previous post, American corporations did not advantage of low interest rates to invest in their businesses.  Instead they have transferred the gains to stockholders in the form of stock buybacks.

An economic recovery has taken place.  Most Americans are better off than they were at the depths of the crash.  But as economic recoveries go, this one has been weak.

2.household-income-monthly-median-growth-since-2000

The chart shows how important is it to always adjust for inflation.  A dollar in the year 2000 is not the same thing as a dollar in the year 2016.

Although corporate executives did not take advantage of Qualitative Easing to invest in America, there was nothing besides politics holding back the federal government from investing in public works.  There is a lot of urgent work that needs to be done in maintaining and upgrading American’s physical infrastructure, such as upgrading public water systems to get the lead out.

With a lot of public work that needs to be done, a lot of people who need work and financing costs at historic lows, why not put the unemployed and under-employed to work doing what needs to be done?  Fiddling with interest rates and the money supply is not enough.

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Fact-checking President Obama on the TPP

March 4, 2016

Hat tip to my expatriate pen pal Jack

The feminist case for Hillary Clinton

February 23, 2016

blackpresidentfeministargument.tedrallSource: Ted Rall.