Today there is a deep divide between the Arab states, which are predominantly Sunni Muslim, and the Shiite Muslims, who are more numerous, but are generally politically underrepresented. We know the conflicting powers in the region and understand their animosity through their divergent brands of Islam. The Arab kingdoms on the Arabian peninsula stick together on international issues. The general consensus is that their main threat is Shia Iran. First and foremost, they see Iran as a dangerous example for their own restive Shiite populations. This is especially true for countries such as Saudi Arabia, where the state aids a hardline version of Sunni Islam, Wahhabism, and the Shiite population is historically located atop the countries lucrative oil reserves. Secondly, the Arab states are wary of Iran's geopolitical ability to stack the Middle East in its favor. Iran has already proved adept at reaching out to its neighbors in ways that directly appeal to the people. In Lebanon, Iranian funded Hezbollah garnered support not only from their sympathetic Shiite constituents, but also from many Sunni and Christian Lebanese. Iran's policy towards Israel has also engendered admiration from the masses. Most importantly, Iran has the legitimacy that most Arab countries lack. It was founded on a popular revolution, and while it is still fundamentally an authoritarian theocracy, the Iranian regime has slowly been exhibiting a growing willingness to expand popular participation in the government. Predictably, the nascent liberalizing movement in Iran was deferred by blundering U.S. foreign policy following 9/11, but the fact that it was allowed to come into existence in the first place and that the liberal sentiments are still alive, well, and free to speak out - to an extent - shows that popular will can move the Ayatollah.
Saturday, December 29, 2007
Why Can't They All Just Get Along?
Thursday, December 27, 2007
Benazir Bhutto
The impact of the assassination of former Prime Minister of Pakistan Benazir Bhutto will not be small.
Wednesday, December 26, 2007
$647 Billion
Monday, December 24, 2007
Never Mind the Words, Just Sing!
Wednesday, December 19, 2007
The Falling Dollar
Monday, December 10, 2007
Awkward Silence
I have been real busy as of late, and I have not had the time to keep the blogging up. Next week I am done with finals, and once I get those out of the way I look forward to writing some more stuff. I miss reading the stuff I want to read - i.e. political and social news.
Tuesday, December 4, 2007
The Trials of Henry Kissinger
Enjoy this full documentry on the life and war crimes of Dr. Henry Kissinger. Click the google video link on the bottom right of the video to watch it full screen.
Iraq Casualties
Another outstanding report by Al-Jazeera English on casualties in Iraq and the U.S. media's unwillingness to report them truthfully.
Bush Responds As Expected
A day after the N.I.E. report was released on the suspended Iranian nuclear development program, Bush has responded as we all knew he would. In a press-conference today he said that the report does not mean Iran is not a threat, and that the U.S. should continue to move aggressively to stop Iran getting a nuclear bomb. What his statements effectively add up to is an attempt to shift the debate away from the N.I.E. report and onto Bush administration terms. The Deputy Director of the N.I.E. specifically said, in so many words, that the agency decided to go public with the report so as not to allow these sort of deceitful political maneuverings. Now at least the general public, or anyone skeptical of Israeli and U.S. goals in regards to Iran, can blatantly see that stopping Iran getting weapons is not the real issue. The question becomes then, what is the real issue? I won't try and answer that now because there is homework to be done.
Monday, December 3, 2007
Politics, Transparency, and Iran
The National Intelligence Estimate (N.I.E.) has just released a new report on Iran's nuclear program stating that Iran has put a hold on their nuclear weapons development since 2003. There are a number of reasons why this is a very interesting development, in terms of foreign and domestic policy.
Thursday, November 29, 2007
Robert Fisk Perspective
Here's an article by Robert Fisk about the peace talks in Annapolis (the original can be found here):
Haven't we been here before? Isn't Annapolis just a repeat of the White House lawn and the Oslo agreement, a series of pious claims and promises in which two weak men, Messrs Abbas and Olmert, even use the same words of Oslo.
"It is time for the cycle of blood, violence and occupation to end," the Palestinian President Mahmoud Abbas said on Tuesday. But don't I remember Yitzhak Rabin saying on the White House lawn that, "it is time for the cycle of blood... to end"?
Jerusalem and its place as a Palestinian and Israeli capital isn't there. And if Israel receives acknowledgement that it is indeed an Israeli state – and in reality, of course, it is – there can be no "right of return" for hundreds of thousands of Palestinians who fled (or whose families fled) what became Israel in 1948.
And what am I to make of the following quotation from the full text of the joint document: "The steering committee will develop a joint work plan and establish and oversee the work of negotiations (sic) teams to address all issues, to be headed by one lead representative from each party." Come again?
We went through all these steering committees before – and they never worked. True we've got a date of 12 December for the first session of this so-called "steering committee" and we have the faint hope from Mr Bush, embroidered, of course, with all the usual self-confidence, that we're going to have an agreement by 2008. But how can the Palestinians have a state without a capital in Jerusalem? How can they have a state when their entire territory has been chopped up and divided by Jewish settlements and the settler roads and, in parts, by a massive war?
Yes of course, we all want an end to bloodshed in the Middle East but the Americans are going to need Syria and Iran to support this – or at least Syrian support to control Hamas – and what do we get? Bush continues to threaten Iran and Bush tells Syria in Annapolis that it must keep clear of Lebanese elections, or else...
Yes, Hizbollah is a surrogate of Iran and is playing a leading role in the opposition to the government of Lebanon. Do Bush and Condoleezza Rice (or Abbas or Olmert for that matter) really think they're going to have a free ride for a year without the full involvement of every party in the region? More than half of the Palestinians under occupation are under the control of Hamas.
Reading the speeches – especially the joint document – it seems like an exercise in self-delusion. The Middle East is currently a hell disaster and the President of the United States thinks he is going to produce the crown jewels from a cabinet and forget Afghanistan and Iraq and Iran – and Pakistan, for that matter. The worst element of the whole Annapolis shindig is that once again millions of people across the Middle East – Muslims, Jews and Christians – will believe all this and will then turn – after its failure – with fury on their antagonists for breaking these agreements.
For more than two years, the Saudis have been offering Israel security and recognition by Arab states in return for a total withdrawal of Israeli forces from the occupied territories. What was wrong with that? Mr Olmert promised that "negotiations will address all the issues which thus far has been evaded". Yet the phrase "withdrawal of Israeli forces from occupied territories" simply doesn't exist in the text.
Like most people who live in the Middle East, I would like to enjoy these dreams and believe they are true. But they are not. Wait for the end of 2008.
Monday, November 26, 2007
It's That Time Again!
This is the typical presidential chronology: The first term is the time for pushing, ever so softly, your pet initiatives while the populace is still somewhat entranced by the idea of a new president. The last half of the first term is the time to make the electoral rounds, trumpeting triumphs while glossing over mistakes. The second term is the time to set about creating a legacy by pushing the bold initiatives you aren't scared to champion now that the election is behind you. After seven years in office, when all your political capital is long gone, it is at last time to try your luck in the Middle East. It is time to try and facilitate peace between the Israeli's and Palestinian's.
I say facilitate because no American president would actually want to get their hands dirty creating peace. This is especially true with Mr. Bush. Seven years of inadequate attention to one of the most urgent conflicts in the world is about to be made right tomorrow by a little flesh pressing in Annapolis, and it won't do a thing.
While Mr. Bush's cool detachment may seem like another typical example of the Bush administrations unwillingness to confront and deal with the real problems of the world, the legacy of U.S. policy in the region has not been much better. There has been a consistent unwillingness to address the real issues in the region for years now, for reasons having to do with the special U.S.-Israeli relationship. The U.S. prefers Israel over Israeli security (more on that below) and especially over the Palestinians. But the Israel that the U.S. prefers has been downright disgraceful in dealing with the historical inheritors of the land their state is set upon.
Here are the facts. Israel has been unlawfully colonizing the occupied territories since 1967, all in violation of the Fourth Geneva Conventions and numerous U.N. resolutions. Israel is holding thousands of Palestinian prisoners, some held without charge, many convicted in unlawful courts (see here). These prisons have been lambasted by human rights organizations the world over. Israel has created a virtual prison of Gaza, and has been unlawfully controlling the flow of people and goods throughout the occupied territories with roadblocks and checkpoints. Israel is building an illegal (recognized as illegal by both international and Israeli courts) wall under the pretenses of security. The wall is in fact a deliberate attempt to cut through Palestinian territory, thereby creating a situation where once contiguous land claims are balkanized, making it impossible to create a viable Palestinian state. Countlessly more Palestinians have been killed by Israeli's than the other way around. The Israeli army has tanks and gunships, the palestinians have crude rockets, rocks, and bombs. In The Battle of Algiers, a leader of the FLN (a group fighting for Algerian independence), Mr. Ben M'Hidi, is asked by a reporter at a press conference whether it is cowardly to kill civilians with bombs hidden in baskets. Mr. Ben M'Hidi reminds the reporter of French atrocities against Algerians, and then replies that "of course, if we had your airplanes it would be a lot easier for us. Give us your bombers, and you can have our baskets.” That response is directly analogous to the situation in Palestine.
Is This Funny?
Mitt Romney has put together a campaign video summing up the vapid and dishonest nature of the Republican party as a whole. Enjoy!
Monday, November 19, 2007
Kindle Me Not
Amazon.com just released a new e-book reader called the Kindle. The name seems to try and invoke emotions of warmth and coziness, but don't let that disarm suspicion. It is a device more tethered to Amazon than any iPod is to Apple, and I don't think that is a good thing.
Friday, November 16, 2007
Fashion Statement
This article is by John Feefer from Foreign Policy in Focus. Worth a read:
If you're going to throw rocks at the government, you'd better dress up for the occasion. That's the take-away point from the media coverage of the protests in Pakistan. Splashed across the front page of newspapers last week was a picture of a Pakistani lawyer in a suit launching a projectile at the police. The photo editors couldn't resist showcasing such a delicious juxtaposition of law and disorder.
The coverage in The Washington Post was particularly revealing, though not in the ways intended. In his attempt to deconstruct the image of the lawyer-protestor, for instance, Philip Kennicott succeeded only in displaying his own class prejudices. "Men in suits don't throw things," he writes. "If they confront police, they do it politely, in letters, in words spoken softly, reasonably, between reasonable men."
Excuse me? Men in suits throw things all the time. The suits in the U.S. government, for instance, throw bombs at other countries. But alas, we have no pictures of these government officials breaking laws by signing orders to wage war, promote regime change, or stoke revolution. The truth is, men in suits are just as unreasonable, impolite, and confrontational as your average anti-war protestor—or more so. They simply don't do it in the streets.
The anti-war and anti-globalization movements should take note. Forget pink. Forget Bread and Puppet. Forget peace signs, catchy slogans, Zapatista ski masks, and sensible protest wear. If we want to get media coverage and strike fear in the heart of Washington, we should come out for the next demonstration, all 500,000 of us, in our best interview suits
Oh Nancy...
A few weeks ago I sent Nancy Pelosi an email regarding her position on upcoming rule changes by the FCC in favor of further media consolidation. I am a constituent of hers, so I am to get special treatment you know. Sure enough on her website it says that she only has to respond to constituents. So I dutifully put my name, address, zip code, and phone number into the appropriate boxes and then wrote out my question. The first three quarters of my email was very nice. The last part not so much. But that is beside the point. What I wanted to know was about her position on FCC rule changes, and so I sent off my email, and waited for a response. And waited. And waited.
Monday, November 12, 2007
Colin Powell, where are you?
This is not to say I want you back Colin. I just want to know where you are, that's all.
It's been about three years since Colin (the reluctant cheerleader was probably his nickname inside the White House) left the corridors of power and returned to civilian life. His career in government, to me, can be characterized as sad. He championed a doctrine - a whole doctrine - bearing his name which was subsequently ignored by the Bush administration while he was in office. If that isn't sad I don't know what is. He also was made into the publicity puppet for the neocons, putting his credibility on the line to present "bullshit" - allegedly Colin's words to describe the script detailing Iraq's WMD's (see here) - to the U.N. Not so much sad as pathetic. After Bush won reelection in 2004 with a "mandate" to rule as he saw fit, he swept Colin out the door, replacing him with the more docile Condoleezza Rice.
After that Colin really went off the radar. He popped up in 2005 to timidly, and in secret telephone conversations, cast concern on Mr. Bush's U.N.-hating U.N. ambassador pick, John R. Bolton. He also "talk[ed] about foreign policy matters and military matters" with Barack Obama. Missing are any tell-all expositions of what went wrong in the lead-up to war in Iraq. I guess the guy's too busy giving interviews with GQ magazine and becoming a "limited" partner at the venture capital firm KPCB. He's actually a "strategic limited partner" so I guess he is only employed strategically (I thought that was funny). Oh, and I forgot one more thing: he's also busy appearing with Joe Montana at a tacky - and I mean tacky, check it out here - motivational speaker seminar where you can "send your entire office for only $19".
All I've got to say is that if you are reading this Colin I would really like to get you a speaking engagement on national television - we can call it motivational if you'd like - where you come out and tell the American people that you are sorry for not standing up and stopping the lies that have cost the lives of thousands of Americans and hundreds of thousands, if not over a million, Iraqis.
Sunday, November 11, 2007
Giant Volcano Unusually Active
"The Independent" reports that a recent study has found that the caldera under Yellowstone National Park is rising at around three inches a year. The implications of this are not totally clear, but what is a little nerve-racking is the fact that this volcano underneath Yellowstone is one of the largest extant volcanos on earth. It being very active is kind of worrying. The last major eruption was 640,000 years ago so the chances of it erupting within our lifetime are pretty slim. But scientists seem to think that this mega-volcano erupts in 640,000 year cycles - what a coincidence - which means that we are due for another world shaking eruption about now. Keep your eyes open for an explosion 2,500 times greater than that of Mt. St. Helens in 1980.
Saturday, November 10, 2007
No End in Sight
The documentary No End in Sight by Charles Ferguson will leave you unspeakably angry. It will show you how the United States destroyed a country, destroying the lives of 30 million people. It will also show you a few individuals who knew about, and to varying degrees, participated in the catastrophe, and yet did not say a thing, did not speak up, did not condemn this administration for gross incompetence and war crimes without the prodding of journalists and filmmakers like Mr. Ferguson.
China and the Euro
The dollar has been declining steadily in recent months. A declining dollar is a sign that the world markets sense problems in the U.S. economy. These problems, rather then being fleeting, are far from over and are more then likely to get worse. That is why the dollar is trading at all time lows. More worrying though is a recent comment by Cheng Siwei, vice chairmen of China's National Peoples Congress, that China might consider switching from the dollar as their reserve currency to stronger currencies like the Euro. At the moment, China's trade with the outside world is conducted in dollars, so if someone wants to buy Chinese products they more often than not must have dollars in hand. In this way China has been sucking up dollars and placing them as reserves in their national banks as a backing for the Chinese Yuan and a bulwark against a currency crisis. But with the U.S. economy teetering, the greenback is looking pretty insecure and so China is considering a switch.
Thursday, November 8, 2007
The Story That Got Away
Costa Rica is a small country. In many ways us not hearing about it often can be seen as a sign that things are going relatively well. But every once in a while things happens in even the most obscure countries that are at least marginally newsworthy. Costa Rica just went through a trying fight over their economic future concerning the CAFTA (Central American Free Trade Agreement) trade deal and we heard hardly a peep from the mainstream media. Whereas other Central American countries approved CAFTA without the direct input of the populace, Costa Rican's demanded to be consulted and so it was put to the voters as a referendum. What could have been a secret deal turned instead into a divisive struggle, pitting business interests, the government, and the U.S. against labor, with a majority of people left trying to figure out what the possible outcome of either a Yes or No vote would be. This was a struggle for the soul of a country, not just any country but a country where many Americans have visited as eco-tourists or aspiring Spanish speakers.
Thursday, November 1, 2007
Guantanamo
A recent article on Al-Jazeera got me thinking about the forgotten prison in Cuba. Al-Jazeera reports that one of their cameramen, Sami al-Hajj, is near death at Guantanamo Bay. Al-Hajj was picked up by Pakistani authorities in 2001 crossing into Afghanistan and subsequently charged as an "enemy combatant" by the U.S. military and transfered to Guantanamo. As with most detainees, the evidence against this foreign reporter is extremely weak, made plain by the fact that he has still not been formally charged with anything, six years after being taken prisoner. For 247 days he has been on hunger strike in protest of his continued unlawful detention and mistreatment.During the 1979 Soviet invasion of Afghanistan many Afghanis were taken captive by the invaders. Some were fighting the Soviet invaders in the same way that insurgents today are fighting the American invaders. Others were simply caught up in the chaos and forced into brutal detention centers with little hope of ever going back to their families. They were held there without charge. But these were totalitarian Soviets holding them, a country lacking the norms of justice and human rights that western democracies took for granted. From the Soviets perspective, they were in Afghanistan to keep the order during a tumultuous period. They wanted nothing more then to create a thriving and functioning, albeit communist, state on their southern border. These "terrorists" were obstacles that had to be overcome. And then there were all the technicalities: If, in all the chaos that marked the Soviet presence in Afghanistan, a few innocents were taken prisoner, tortured and humiliated to determine their status, and then finally found to be innocent, what was to be done? Should the Soviets formally apologize and then release the prisoners back to their families so that they can spread the details of the horrors they experienced while imprisoned? No no, that would not do. So instead the innocents were just placed in legal limbo and indefinitely imprisoned, unable to see the evidence against them, unable to be even charged with a crime, but completely capable of being routinely humiliated and tortured.
Sound familiar? It does to me as well. It seems that perhaps the biggest reason why many of these prisoners in Guantanamo as well as in the sprawling Iraqi prisons administered by Americans - 60,000 prisoners and counting - are not released, even when all evidence against them is lacking, is that it would be: 1. A fucking embarrassment 2. A catalyst creating more anti-American sentiment 3. An acknowledgment of blatant war crimes.
As Americans we are, unfortunately, all culpable for what has happened here. It is completely unacceptable and it needs to stop. The problem is that as long as American citizens - and presidents and presidential candidates - are not bright enough to realize the implications, then we will continue to violate international law, leaving us with no moral superiority and little pity when we get our comeuppance.
Sunday, October 14, 2007
The Beauty and Bane of Capitalism (Expanded for more Clarity)
preface: I wrote this because I think it is important to understand where we are, and, regrettably, where we may be going. Also, I'm not just talking out of my ass, although at time it might sound like that. To be sure I am showing off a bit, but also I hope there is a higher purpose: namely helping you make a killing by investing in recession resistant companies like supermarkets, cosmetics creators, and alcoholic beverage purveyors.
If we were to take a poll of the populous we would probably find severe negative metrics for the question, Is our economy healthy? The warning signs of a troubled economy are all obvious. We know the housing market is hurting and the dollar is on the skids. Most people also must realize that their paychecks have been stagnating or falling, and a number of important product prices are inflating. For all my friends in San Francisco all of this economic pessimism might sound odd, but there is a reason why we don't feel it yet, which I will get to, so keep reading.
On the other hand, we have a white hot stock market that has been hitting all time highs. No one is bullish about the future and yet security prices have gone up and up. What do they know that we don't? And who are the they anyway? Are the people that are pushing stocks up to all time highs calm and calculating investors seeking long time returns on their capital?
The short answer is no.
I think that we are in trouble, serious trouble. The economy is off kilter in a bad way. Economic fundamentalism has brought us to a precipice last visited, and fallen from, in 1929. By either willful mismanagement or gross ignorance we have failed to protect the American economy from those who seek a quick buck. The dangers are real and the threat is gathering.
So who is to blame? To start off with, Alan Greenspan. If name recognition were the measure of success we'd be doing great. But we all know that Americans tend to pick poor heroes. What Alan did was stave off readjustment in the financial markets by band-aiding up the wounds with easy cash, compounding the problem. To put it more simply, Alan lowered the interest rates on borrowing, allowing more borrowing, thus more capital, to be used to buy assets, stocks, companies, etc. Usually this would create price inflation - more money going after less goods causes inflation - but because the rest of the world agreed to fund us, by buying our debt, we could continue to spend.
Why would lower interest rates superficially help us from between a rock and a hard place? After the dot-com bubble the economy looked as if it were going to take a nose dive because, like today, people had put tons of money into worthless ideas and companies. Remember the day-traders? To make sure that people could continue to spend money, which keeps the economy going, Alan decided to make it easier to borrow. This easy borrowing created the next bubble, this time in the housing market. Because capital was so cheap to get, people took out loans for houses without having the financial means to support the loan if - a question of when really - the rate on the loan rose. I will discuss later why bad borrowers were able to get loans so easily - it's another reason why we are in a bad mess today.
The problem with Greenspan's lower interest rates was that eventually inflation was going to rise, it was inevitable, and high inflation is a bad thing. And when inflation rises too high something must be done, like raise interest rates. We have about reached that day of reckoning.
Moving on with the blame game brings us to rich people. The rich are, most of the time, greedy. That's what got them rich. I'm not talking about the six-figure salary rich people. I'm talking nine-figures. Starting a long time ago, but expedited recently because of low interest rates, rich people's financial planners found ways to make huge amounts of money with little to no regulation. The results were financial constructs such as hedge funds and private equity groups. These private investment schemes are invitation only and require proof of financial soundness - i.e. do you have a billion dollars to spare? But once they get everyone together boy do they have power. It is estimated that Hedge Funds control $1.7 trillion of capital today and private equity has around $600 billion. And remember, none of that is regulated. NOT REGULATED! But there is more. Not only are hedge funds and private equity not regulated, but they are in debt in a big way. They wouldn't call it debt though. Their debt is euphemistically called leverage. So, for instance, lets say Joe billionaire has $10,000 he wants to invest (a triffle, really). So he goes and borrows at ten to one, so for every one dollar he has he gets ten from the bank. Now, instead of a measly $10,000, this rebel billionaire has $100,000 to play around with. All this leveraging is a result of cheap credit - thank you Mr. Greenspan - without which private equity and hedge funds would probably not have been created in their present incarnations.
All this adds up to trouble. The trouble has been noted before. In 1997 a successful hedge fund called Long-Term Capital Management had a hiccup that almost brought down the U.S. financial markets. It was the Federal Reserve Bank of New York that came to the rescue and bought the beleaguered hedge fund out.
Also, the hedge fund managers have been under increasing pressure to bring home the bacon to their money hungry plutocrats (as well as other investors like pension funds and trust funds). This pressure creates a huge incentive to be loose with the ethical rules of investment and can lead to outright lying and manipulation. Tack that on to the worrying fact that these hedge funds are huge goliaths, lacking any regulation, and highly in-debt and you've got one helluva nightmare scenario. On top of all that bad news hedge funds are also victims of complexity. They have their money invested in so many different things and in so many different ways, and they keep it so secret, that it has become almost impossible to know what will happen if they fail.
Sub-prime mortgages - bad lending. This is the last of the bad guys; an anthropomorphized fuck up. (There are more bad guys and complexities then what I have jotted down. Lots to learn). This one also harks back to good old Alan. Because credit was so cheap lenders could, and were almost obligated, to take more risk lending to bad or no credit individuals. Lenders compensated for the higher risk by building in a variety of lending schemes that were far from transparent and user friendly. These sub-prime loans were bundled (put together) in complex financial "instruments" that allowed the crappy loan to be hitched with better ones (from borrowers with better credit), in the end creating the illusion that the "mortgage-backed security" - the new financial instrument created by the bundling of sub-prime and good loans - was less risky, i.e. worth buying. So as I hopefully made clear, by putting good loans with bad loans into one financial instrument (a thing that can be sold to a willing investor) the risk of the loan was diluted. The problem of diluted risk was made worse by the fact that the companies that put ratings on these mortgage-backed securities (MBS - this is what the financial instrument is called) had a conflict of interest: they were being paid to give the MBS's good ratings by the very banks trying to sell the MBS's. It's kind of like if Hoover payed Consumer Reports to rate their vacuums and we expected Consumer Reports to be unbiased. So in the end, as interest rates have risen to stave off inflation, and the poor borrowers were squeezed to the point of defaulting on their loans (not paying), the MBS's have begun to crumble, hurting all the investors that knowingly or unwittingly held these risky loans. Some of those investors are hedge funds, although no one how much bad debt the hedge funds hold.
All that stuff above that I have written are descriptions of the bane of capitalism. They are examples of markets gone amuck. We have only begun to witness the victims. However much we like to tell ourselves that, "economics will never happen to me," the sad truth is that economics happen to everyone; we only notice the stuff when shit goes wrong.
But there is also a beautiful side to Capitalism. Capitalism has the natural ability to check itself. Man can only speculate on a tulip for so long before he realizes that it's just a tulip and is worth about as much as it takes to grow the darn thing, and reap a little profit. It is only so long before that natural check will set in. The question is, do we want a whiplash experience or do we want an airbag? We are about to break our necks, but it does not have to be so. The indicators are all inflamed. It is estimated that each day over 20% of all the value of global trade is speculative, meaning that 20% of trade does not create any new wealth; it just pads the collective pockets of the financial sector. We have not seen this sort of gross inequality and secrecy since the gilded age; you know, the time before the Great Depression. What is needed now is decisive action to regulate and stop this madness. We must move away from the economic fundamentalism that this country recently, and Herbert Hoover in the past, are famous for. Managed capitalism is what is desperately needed before something goes wrong and the markets wake up and realize that reaching new highs while the American economy is stagnating does not make any logical or economic sense. Will our politicians wake up and do something? I am pessimistic. So maybe a good walloping is in order after all. Stay posted.
Oh, and San Francisco folks: how do you suppose our dot-com industry behemoths will hold up when there are no more companies wanting to take out advertisement to entice their newly impoverished clientele. Not too well. Hopefully they have more of a business model then being completely ad supported or else the Bay Area is in for some hard times.
Thursday, February 15, 2007
Attention: Barack Obama
Mr. Obama,
I decided today to take a look through your website to try and get an idea of what your candidacy will bring to the political debate in this country. I am sorry to report that I was very disappointed by what I saw. There was not one policy point laid out by your campaign that was exciting, innovative or new. I noticed how the section on ending the war in Iraq was a short blurb, dwarfed by the section on honoring our veterans. The section on improving education included just three mundane positions, each explained away in a quick paragraph. One would think that the healthcare section would have some pronouncements on ways to fight the gross inefficiency in the medical sector and the lack of coverage for 45 million people. Nope. There was not even a section on environmental problems, a pressing issue more and more Americans are waking up to. What does this say about your campaign so far. It says that like so many presidential hopefuls before, you are unwilling to present a vision that is bold and exciting. You would rather play it so safe as to make your running for president unimportant to most people, including myself. You would rather have us sift through your speeches and photo-op's in the hopes of discovering what you will actually do as president. I don't need to agree with my pick for president on all issues, but I have to know that when I do put my support behind a candidate, I am supporting someone not afraid to bring new ideas to the table. I don't vote on personality alone, I vote on issues. Most people who are serious about voting are hungry for a candidate who will stop short-selling them on the issues, substituting style for substance, and start talking honestly about the problems we face. Put away the consultants paid generously to trick the people into voting for you, and instead rely on selling innovative policy. I know you will find that America is waiting for this new type of candidate and will fall behind you, allowing you to do the difficult job of righting this country and making it a better place. I am relatively young, twenty years old, but I have already become jaded by our political system. I feel like you have the momentum to be something different and I hope the American people will not be disappointed again as we were in 2004.