Olbermann offers Obama an out

obama barack hype bondKeith Olbermann’s Special Comment on Afghanistan is being summarized as telling President Obama to Get Out Now. Olbermann’s words stir our enthusiasm, but he leaves damning loopholes as far as I am concerned. The MSNBC newsman conditions his advice to the president with “unless you are right,” then at the end, showing a tact far too reckless, he tells Obama to “listen to yourself.”

No. That’s not why we elected Barack Obama.

The inexperienced senator had no record. Our hope didn’t spring from a demonstration of ability. Obama was elected for the hope he offered because he appeared to be listening to the American people. It would probably have been inconceivable to imagine then that Obama could not but respond to the unprecedented surge of electoral participation prompted by George W. Bush’s wars.

Listen to the people Mr. Obama, and no one else. To ask Obama to listen to himself is to offer him entirely too much slack. Give an authoritarian leader too much rope, that’s more rope he has to hang you.

And then there is no “unless you are right.”

What is that but a straight man’s setup? That line is for the President to show America how sure he is of his decision. The people want a leader who’s offering supreme confidence, so Olbermann is holding the door. He goes on to frame the challenges posed by Afghanistan, as surmountable by a qualified prez. Olbermann invites the President to be “precisely right.” Isn’t that exactly what will sooth the viewers, after Obama has famously taken so much time to arrive at a decision?

But there is no “unless you are right.” Unless Olbermann meant it with an implied irony. But he didn’t. He didn’t say unless black is white, or up is down. Olbermann allowed for the possibility that an escalation could be right.

“If not, Mr. President, this way lies Vietnam.”

IF NOT Olbermann says. Doesn’t he mean no if and or buts?

When Walter Cronkite finally spoke out about Vietnam, and declared the war un-winnable, it was not because it had become un-winnable. It had not transformed into a quagmire, the chance for victory had not escaped us. The illegal and immoral subjugation of the Vietnamese people was never a winnable strategy. Like Iraq and Afghanistan, it was a predictable calamity, a crime. Moral observers knew it from the beginning.

America did not LOSE Vietnam, and we will not LOSE Iraq and Afghanistan. We DESTROYED those landscapes and millions of lives, and we continue to “finish the job.” It’s an immeasurable, apocalyptic tragedy.

If Barack Obama escalates in the footsteps of Lyndon Johnson, it will similarly be no mistake. The travesty is that the American people have once again been waylaid in their determination to find a leader to represent their desire for peace.

Here is the text of Keith Olbermann’s Special Comment:

SPECIAL COMMENT
By Keith Olbermann
Anchor, ‘Countdown’
Mon., Nov . 30, 2009

Mr. President, it now falls to you to be both former Republican Senator George Aiken and the man to whom he spoke, Lyndon Johnson. You must declare victory, and get out.??

You should survey the dismal array of options in front of you — even the orders given out last night — sort them into the unacceptable, the unsuccessful, and the merely un-palatable, and then put your arm down on the table and wipe the entire assortment of them off your desk — off this nation’s desk — and into the scrap heap of history. ??

Unless you are utterly convinced — willing to bet American lives on it — that the military understands the clock is running, and that the check is not blank, and that the Pentagon will go to sleep when you tell it to, even though the Pentagon is a bunch of perpetually 12-year old boys desperate to stay up as late as possible by any means necessary — get out now. ??

We are, at present, fighting, in no particular order, the Taliban; a series of sleazy political-slash-military adventurers, not the least of whom is this mountebank election-fixer Karzai, and what National Security Advisor Jones estimated in October was around eight dozen al-Qaida in the neighborhood.??

But poll after poll, and anecdote after anecdote, of the reality of public opinion inside Afghanistan is that its residents believe we are fighting Afghanistan. That we, Sir, have become an occupying force. Yes: if we leave, Afghanistan certainly will have an occupying force, whether it’s from Pakistan, or consisting of foreign fighters who will try to ally themselves with the Taliban.??

Can you prevent that? Can you convince the Afghans that you can prevent that? Can you convince Americans that it is the only way to un-do Bush and Cheney policy catastrophes dating back to Cheney’s days as Secretary of Defense in the ’90s? If not, Mr. President, this way lies Vietnam. If you liked Iraq, you’ll love Afghanistan with 35,000 more troops, complete with the new wrinkle, straight from the minder-binder lingo of Joseph Heller’s “Catch-22.”??

President Obama will be presenting an exit strategy for Afghanistan. The exit strategy that begins by entering still further. Lose to win, sink to swim, escalate to disengage. And even this disconnect of fundamental logic is predicated on the assumption that once the extra troops go in, when the President says “okay, time for adult swim, Generals, time to get out of the pool and bring the troops with you,” that the Pentagon is just going to say “Yeppers.”??

The Pentagon, often to our eternal relief, but just as often to our eternal regret is in the War business. You were right, Mr. President, to slow the process down, once a series of exit strategies was offered to you by men whose power and in some case livelihoods are predicated on making sure all exit strategies, everywhere, forever, don’t really result in any service-man or woman actually exiting.??

These men are still in the belly of what President Eisenhower so rightly, so prophetically, christened the military-industrial complex. Now and later as the civilian gray eminences with “retired” next to their names, formally lobbying the House and Senate and informally lobbying the nation through television and the printed word, to “engage” here, or “serve” there, or “invest” everywhere, they are, in many cases, just glorified hardware salesmen. ??

It was political and operational brilliance, Sir, to retain Mr. Bush’s last Secretary of Defense Mr. Gates. It was transitional and bipartisan insight, Sir, to maintain General Stanley McChrystal as a key leader in the field. ??

And it was a subtle but powerful reminder to the authoritarian minded War-hawks like John McCain, and the blithering idiots like former Governor Palin, of the Civilian authority of the Constitution it was a picture drawn in crayon for ease of digestion by the Right, to tell our employees at the Pentagon, to take their loaded options and go away and come back with some real ones.??

You reminded them, Mr. President, that Mr. Gates works for the people of the United States of America, not the other way around. You reminded them, Mr. President, that General McChrystal is our employee, not our dictator. You’ve reminded them Mr. President. Now, tonight, remind yourself. Stanley McChrystal.??

General McChrystal has doubtless served his country bravely and honorably and at great risk, but to date his lasting legacy will be as the great facilitator of the obscenity that was transmuting the greatest symbol of this nation’s true patriotism, of its actual willingness to sacrifice, into a distorted circus fun-house mirror version of such selflessness.??

Friendly fire killed Pat Tillman. Mr. McChrystal killed the truth about Pat Tillman. And that willingness to stand truth on its head on behalf of “selling” a war or the generic idea of America being at war to turn a dead hero into a meaningless recruiting poster, should ring essentially relevant right now.??

From the very center of a part of our nation that could lie to the public, could lie to his mother, about what really happened to Pat Tillman, from the very man who was at the operational center of that plan, comes the entire series of plans to help us supposedly find the way out of Afghanistan? We are supposed to believe General McChrystal isn’t lying about Afghanistan???

Didn’t he blow his credibility by lying, so obviously and so painfully, about Pat Tillman? Why are we believing the McChrystals? Their reasons might sound better than the ones they helped George Bush and Dick Cheney fabricate for Iraq, but surely they are just as transparently oblivious of the forest. ??

Half of them insist we must stay in Afghanistan out of fear of not repeating Iraq, while the other half, believing Bush failed in Iraq by having too few troops, insist we must stay in Afghanistan out of fear of repeating Iraq. And they are suddenly sounding frighteningly similar to what the Soviet Generals were telling the Soviet Politicos in the 1980s about Afghanistan.??

Sure it’s not going well, sure we need to get out, we all see that. But first let’s make sure it’s stabilized and then we get out. The Afghans will be impressed by our commitment and will then take over the cost of policing themselves, even though the cost would be several times their gross national product. Just send in those extra troops, just for awhile. Just 350,000.

I’m sorry, did I say 350,000? I meant 35,000. Must be a coffee stain on the paper. Mr. President, last fall, you were elected. Not General McChrystal, not Secretary Gates, not another Bushian Drone of a politician. You. On the Change Ticket. On the pitch that all politicians are not created equal.??

And upon arrival you were greeted by a Three Mile Island of an economy, so bad that in the most paranoid recesses of the mind one could wonder if the Republicans didn’t plan it that way, to leave you in the position of having to prove the ultimate negative, that you staved off worldwide financial collapse, that if you had not done what you so swiftly did, that this “economic cloudy day” would have otherwise been the “biblical flood of finance.”??

So, much of the change for which you were elected, Sir, has thus far been understandably, if begrudgingly, tabled, delayed, made more open-ended. But patience ebbs, Mr. President. And while the first one thousand key decisions of your presidency were already made about the economy, the first public, easy-to-discern, mouse-or-elephant kind of decision comes tomorrow night at West Point at eight o’clock.

You know this, Mr. President: we cannot afford this war. Nothing makes less sense to our economy than the cost of supply for 35,000 new troops. Nothing will do more to slow economic recovery. You might as well shoot the revivified auto industry or embrace John Boehner Health Care Reform and Spray-Tan Reimbursement.

You know this, Mr. President: we cannot afford this war. Nothing makes less sense to our status in the world than for us to re-up as occupiers of Afghanistan and for you to look like you were unable to extricate yourself from a Military Chinese Finger Puzzle left for you by Bush and Cheney and the rest of Halliburton’s hench-men.

And most of all, and those of us who have watched these first nine months trust both your judgment and the fact you know this, Mr. President: unless you are exactly right, we cannot afford this war. For if all else is even, and everything from the opinion of the generals to the opinion of the public is even, we cannot afford to send these troops back into that quagmire for second tours, or thirds, or fourths, or fifths.

We cannot afford this ethically, Sir. The country has, for eight shameful years, forgotten its moral compass and its world purpose. And here is your chance to reassert that there is, in fact, American Exceptionalism. We are better. We know when to stop making our troops suffer, in order to make our generals happy.

You, Sir, called for change, for the better way, for the safety of our citizens including the citizens being wasted in war-for-the-sake-of-war, for a reasserting of our moral force. And we listened. And now you must listen. You must listen to yourself.

Capitalism, a Love Story, out OCT 2

michael moore 2009 documentaryMichael Moore’s documentary about the bank robber barons behind America’s financial collapse will hit the theaters on October 2. Though the Venice Film Festival gave its premier four screenings, and a ten minute standing ovation, American editorials have of course begun to cut Moore down. The fimmaker’s tweets that the LA audience rose from their seats with torches and pitchforks, were quickly doused as hyperbole. Really? The celebrity theatergoers were really just rushing the catering tables. REALLY? That’s less probable.

Bernard Madoff serves time incognito

Pnzi scheme financier scam artist in Groucho incognito glassesYou and I fight traffic tickets, Phil Spector fights charges that he put a gun to a woman’s mouth and pulled the trigger, he fights for years. Everyone fights against the long arm of the law, except Bernie Madoff. Does that make sense to you?

The biggest economic fraud ever perpetrated by one man, and that man pleads guilty. Hmmm.

We are told that as a consequence, Madoff doesn’t have to tell anyone where he buried the treasure. Meanwhile his accomplices are being charged and are proclaiming themselves innocent.

Okay, I didn’t know that not plea-bargaining means not having to say you’re sorry, or divulge where you took the loot. I didn’t know that when Kenneth Lay died, it meant that because his appeal could then never be exhausted, his wife and family got to keep the money. An appetizing pattern emerges…

Can you imagine a parade of white-collar-criminal bunkmates sidling up to Madoff in prison, hoping to learn the whereabouts of his vanished bullions (who saw that pun coming)? Nor can I. Michael Milken –now a financier and philanthropist–had plenty of business suitors waiting to hire his larcenous consultation when he was released. Paper crimes don’t garner severe prison sentences. Whether Madoff has a felony on his record or not can hardly hinder his future prospects.

Madoff has a very good reason to plead guilty. It’s a bit like the Kenneth Lay play-possum legal strategy. Let’s remember Bernie Madoff couldn’t even afflict himself with jail. He remained out on bail in his luxury penthouse, until his day in court. Since then where has he been? Have YOU seen him? Are you sure he’s where authorities say he is?

I’m convinced that Bernie has a plan to stay out of the penal system. And it doesn’t involve a jury verdict.

I’d guess with just a fraction of his loot, he can pay off the very few administrators involved to handle the paperwork to incarcerate someone in his place. No visitors, no outsiders to know. It won’t be Bernie doing the time, it’ll be a stand in. Maybe as simple as a real inmate, written off as released, but reissued Bernie’s ID. No cosmetic surgery necessary, what’s the probability that prison guards know what Bernie Madoff looks like anyway.

If Bernie had to go back and forth to court, he’d have to do be there himself. Being seen by too many people.

In prison, rather, not in prison, Madoff can live the rest of his years on a private estate, miles from onlookers, his fence-line probably abutting Kenneth Lay’s.

Ground Zero for The Empire’s Collapse- Depository Trust & Clearing Corporation?

DTCCThe Depository Trust & Clearing Corporation or DTCC is possibly Ground Zero for the US Empire’s potential coming economic collapse, because it is the primary and dominant insuring company that guarantees pay outs for those who hold junk stocks, if they go belly up.

‘DTCC’s DTC depository provides custody and asset servicing for 3.5 million securities issues, comprised mostly of stocks and bonds, from the United States and 110 other countries and territories, valued at $40 trillion, more than any other depository in the world. In 2007, DTCC settled the vast majority of securities transactions in the United States, more than $1.86 quadrillion in value.’ Taken from wikipedia’s DTCC entry

Looking to see who is in charge at DTCC? Nice group of pics, right? Nice people I’m sure… lol… Good patriotic Americans and what all.

The DTCC history show 2 events that pushed this corporate outfit to the head. One was Bill Clinton’s deregulation of securities signed into law in 2000 at the end of his presidency, and the other was 9/11.

9/11 effectively was the death blow to paper securities, and DTCC was right there offering electronic securities instead. Here at DTCC’s site one finds this brief explanation of No More Paper: The Problems with Paper …see below

Q. I have heard that many securities were lost on 9/11. Is that true?

A. Yes, although they were eventually all replaced. Some $16 billion worth of certificates disappeared in the collapse of the World Trade Center towers on 9/11, and it took many months and nearly $300 million in industry costs to replace them. During this period, electronic records were used to ensure the owners of the securities could be identified. Meanwhile, shares held electronically were not harmed at all on 9/11.

OK, that’s nice…. And here, written in 1999 about the Clinton Administration’s proposed financial deregulation of that year that then later allowed the rise of even more speculative securities and the eventual domination of DTCC over the securities market, is the following…

***Threat to financial stability***

The proposed deregulation will increase the degree of monopolization in finance and worsen the position of consumers in relation to creditors. Even more significant is its impact on the overall stability of US and world capitalism. The bill ties the banking system and the insurance industry even more directly to the volatile US stock market, virtually guaranteeing that any significant plunge on Wall Street will have an immediate and catastrophic impact throughout the US financial system.

The Glass-Steagall Act of 1933, which the deregulation bill would repeal, was not adopted to protect consumers, although one of its most celebrated provisions was the establishment of the Federal Deposit Insurance Corporation, which guarantees bank deposits of up to $100,000. The law was enacted during the first 100 days of the Roosevelt administration to rescue a banking system which had collapsed, wiping out the life savings of millions of working people, and threatening to bring the profit system to a complete standstill.

As a recent history of that era notes: “The more than five thousand bank failures between the Crash and the New Deal’s rescue operation in March 1933 wiped out some $7 billion in depositors’ money. Accelerating foreclosures on defaulted home mortgages—150,000 homeowners lost their property in 1930, 200,000 in 1931, 250,000 in 1932—stripped millions of people of both shelter and life savings at a single stroke and menaced the balance sheets of thousands of surviving banks” (David Kennedy, Freedom from Fear, Oxford University Press, 1999, pp. 162-63).

The separation of banking and the stock exchange was ordered in response to revelations of the gross corruption and manipulation of the market by giant banking houses, above all the House of Morgan, which organized huge corporate mergers for its own profit and awarded preferential access to share issues to favored politicians and businessmen. Such insider trading played a major role in the speculative boom which preceded the 1929 crash.

Over the past 20 years the restrictions imposed by Glass-Steagall have been gradually relaxed under pressure from the banks, which sought more profitable outlets for their capital, especially in the booming stock market, and which complained that foreign competitors suffered no such limitations to their financial operations. In 1990 the Federal Reserve Board first permitted a bank (J.P. Morgan) to sell stock through a subsidiary, although stock market operations were limited to 10 percent of the company’s total revenue. In 1996 this ceiling was lifted to 25 percent. Now it will be abolished.

The Wall Street Journal celebrated the agreement to end such restrictions with an editorial declaring that the banks had been unfairly scapegoated for the Great Depression. The headline of one Journal article detailing the impact of the proposed law declared, “Finally, 1929 Begins to Fade.”

This comment underscores the greatest irony in the banking deregulation bill. Legislation first adopted to save American capitalism from the consequences of the 1929 Wall Street Crash is being abolished just at the point where the conditions are emerging for an even greater speculative financial collapse. The enormous volatility in the stock exchange in recent months has been accompanied by repeated warnings that stocks are grossly overvalued, with some computer and Internet stocks selling at prices 100 times earnings or even greater.

And there is a much more recent experience than 1929 to serve as a cautionary tale. A financial deregulation bill was passed in the early 1980s under the Reagan administration, lifting many restrictions on the activities of savings and loan associations, which had previously been limited primarily to the home-loan market. The result was an orgy of speculation, profiteering and outright plundering of assets, culminating in collapse and the biggest financial bailout in US history, costing the federal government more than $500 billion. The repetition of such events in the much larger banking and securities markets would be beyond the scope of any federal bailout.

The complete article published back in 1999 at Clinton, Republicans agree to deregulation of US financial system Almost a totally prophetic article, as it turns out. So now we wait and see if all the government money thrown at these financial pirates…YES, financial pirates…’works’? Will it be capable of floating all this junk held insured by DTCC?

Cuba emerges victor of Cold Cash War

The ban on US travel to Cuba may be lifted, but isn’t the timing so 1989? Old Havana has been affected by the European tourists which have been coming for decades, but opening the gates to the capitalist hordes of the American unwashed has been a dreadful prospect for the idyllic socialist retreat. It’s fitting that today, the US economy doesn’t pack the reckless punch it once did. Phase two of the Cold War is over and Capitalism has been felled. And it’s Castro, not Reagan, who’s lived to see it.

Stop bailing the banks out and nationalize them, Robbing Hood

Robbing Hood$173 billions of taxpayer money given to just one financial company, AIG! Thanks, Obama, you’re really doing great here. What has the American public gotten for this travesty of economics, as Obama and Bush (the Democrats and the Republicans) have taken from the poor and given to the rich?
 
Why, they have gotten absolutely nothing. Who has gotten anything besides AIG?

‘The Wall Street Journal reported on Friday that about $50 billion of more than $173 billion that the U.S. government has poured into American International Group Inc since last fall has been paid to at least two dozen U.S. and foreign financial institutions.’ See Reuters… Who got AIG’s bailout billions?

What is this? Is there some sort of competition between American conservative loonies and America’s liberal loonies going on? Why don’t Americans call for nationalizing the banks since obviously the Feds can’t get the job done without all sorts of money being stolen from the poor? Enough of these Robbing Hoods! It’s time to nationalize the banks.

Money As Debt video

moneytrapThere is a short 45 minute video called Money As Debt that gives a great explanation of the current Financial Crisis. It is thoughtful, easy to understand, and a well done video with illustrations and quotes from insiders used as references.

Thanks to David V. for sending it my way! He’s been doing a lot of thinking about the real estate bubble in the South Florida region over the last 2 years. It is a bad situation in that area of the country.

So much for the economic bailout plans of the wealthy criminal class

changed prioritiesThey had to give that money away to the super rich now didn’t they? It was to save the poor they said, too. It was to save us all from imminent disaster the pundits and politicians clamored. Political whores… They lied and we didn’t have the organization to do anything about it, having already put all our efforts into getting those most responsible for the mess elected once again! Stupid us.

The US ruling class gave away a trillion, and the Europeans, not to be outdone, tripled that for their elites. Can we all get a refund now? This bailout won’t work, cannot work, simply because it rewards corporate criminality with a big gift, and not the restructuring they all need, part of which would be to jail the White Collar criminals who are still in charge.

The mess is all being blamed on inappropriate leveraging, when the inappropriate leveraging all along has been corporate lobbying and control over the national governments of the US and the European nations. It’s time to get angry, get organized, and change the plans of those who would destroy the planet, let alone merely the economy. It won’t happen without anger and opening our eyes, ears, and minds to new thoughts. Meanwhile we just wait passively for the punishment they are dead set to inflict on us all. We have no plan at all.

Donkey fed carrot from Bush

donkey-carrotThe Democrats are just so damn predictable it makes one wanna throw up. After bleating out their protests against the trillion dollar tax-paid giveaway to loan sharks in trouble, they then meekly take a carrot, bray, and go about doing the dirty work their Republican masters have set out for them in the field. Obama says Congress appears “close” to bailout deal. What a joke and what a joker! What a donkey.