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Why Wall St is Betting Millions on Obama

In part 2 of her investigation, market veteran Pam Martens traces the money big Wall Street players are sluicing into Obama's war chest and exactly why they are investing big-time in the "campaign for change". Plus more on the "No federal lobbyists on my team" fraud. You've heard about the plutonium-powered spy transmitters the CIA tasked climbers to haul up 25,000 feet to the high peaks of the Himalayas? What happened to the one they lost and to the men who carried them? Peter Lee gives CounterPunchers the full amazing story. Get your copy today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great holiday presents.

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Today's Stories

March 17, 2008

Pam Martens
The Fed's Wall Street Dilemma

Sasan Fayazmanesh
The US, Iran and the Policy of Dual Containment

March 15 / 16, 2008

Patrick Cockburn
How to Destroy a Country in Five Years

Mike Whitney
Bearly Alive: Investment Giant Rushed to ICU by Panicky Fed Chief

Ralph Nader
Of Laws and Men

Robert Pollin
It's Still the Economy, Stupid

Diane Christian
The Poetics of Perversity: From Boccaccio to Spitzer

Wajahat Ali
Faking the Hood: a Conversation with Ishmael Reed

Tom Wright /
Therese Saliba

Rachel Corrie's Case for Justice

Alan Farago
Back to Florida: Where Bushtime Began

Greg Moses
Raiding the Family Room in Texas

Michael Hudson
A Grand Global Bargain?

Martha Rosenberg
Why Hillary's Favorite Chicken Company is Eying China

John Goekler
Fourth Generation Warfare in a Fifth Generation Conflict

Uzma Aslam Khan
A Letter to Barack Obama: Where's the Change, Barack?

Oren Ben-Dor
The Silencing of Gilad Atzmon

David Underhill
Mammon, Morals and the Mobile Tanker Deal

Fred Gardner
The Education of Eliot Spitzer

David Michael Green
Why Spitzer Should Have Resigned (and Why He Shouldn't Have)

Rev. William E. Alberts
Jesus, Entombed in Heaven

Gail Dines
It's All About the John: Prostitution and Male Power

David Yearsley
Conducting, Anarchy and the Problem of When to Begin

Chris Clarke
Walking with Zeke: the Luckiest of Dogs

Poets' Basement
Anderson, Lodge & Subiet

Website of the Day
Deviant Art

 

March 14, 2008

Paul Craig Roberts
Watching the Dollar Die

Don Santina
Vichy Democrats: Pelosi and the Politics of Collaboration

Patrick Cockburn
Iraqi Mother Vows Revenge on US: How She Lost Her Husband and Her Sons

Tim Rinne
StratCom Rules! The Next War Will Start in Nebraska

Robert Fantina
In Torture We Trust

Saul Landau
Letter to the Presidents-in-Waitings

David Macaray
Common Myths About Labor Unions

Franklin Lamb
Is the Bush Administration Switching Horses in Lebanon

Michael Neumann
The One State Illusion: Reply to My Critics

March 13, 2008

Paul Craig Roberts
Republicans and "Free Market" Zealots Bring Disaster to America

Mike Whitney
Meltdown Looms Larger As Credit Markets Freeze

Assaf Kfoury
"One-State or Two State?"- Sterile Debate on False Alternatives

Andy Worthington
Afghan Hero Who Died in Guantánamo: The Background to the Story

Adam Federman
From Autopia to Autogeddon: Cars Reach the End of the Road

March 12, 2008

Dave Lindorff
Bringing Down Spitzer: It's the Big Brother Who Should Bother US

R.F. Blader
The Spitzer Backlash

Yonatan Mendel
How to be an Israeli Journalist. Never Write "Murder" or "Palestine"

Jonathan Cook
One State or Two? Neither. The Issue is Zionism

Bill and Kathy Christison
Fallon and Gates -- At Least One Cheer

James J. Brittain
Was the U.S. Involved in Killing the FARC-EP Leaders

Ron Jacobs
"All the Money You Make Will Never Buy Back Your Soul"

March 11, 2008

Paul Craig Roberts
How to End the Subprime Crisis

Ed O'Loughlin
How Israeli Troops Invade Homes in Gaza, Brutalize, Smash and Steal

Ramzy Baroud
'Unwavering Commitment' to Inequality

Kathy Christison
One State or Two? The Debate Over Israel and Palestine

China Hand
PRC Plays it Cool, as U.S. Tries to Amp Up Pressure on Iran

John Joslin
Thank You, Nafta! Welcome to Weirton, Home of the Discount Cigarette

Mike Averko
Serb Politics, Kosovo and the Moscow-Washington Divide

Ben Rosenfeld
Gavin Newsom's Kneejerk Plan

Thierry Paquot
High Rise, Low Spirits:The Curse of the Tower Block

March 10, 2008

Uri Avnery
"Kill A Hundred Turks and Rest": The Five-Day War in Gaza

Col. Dan Smith
Scoring the "Surge" and What Lies Beyond

R.F. Blader
Why "Lock Them Up and Throw Away the Key" is Losing its Sheen

Michael Neumann
The One-State Illusion: More is Less

Bob Fitrakis and Harvey Wasserman
Did the Republicans Give Hillary Her Victory in Ohio?

James J. Brittain
Anti-Uribe Protests in Colombia and the World

Missy Comley Beattie
The Passion of John McCain

March 8-9, 2008 Weekend Edition

JoAnn Wypijewski
The Only Way to Fight the Clintons

Mike Whitney
Sorting Through the Rubble in Post Bubble America

Peter Morici
Fed and Treasury Fiddle as Economy Plummets

Ralph Nader
The Silent Violence of Gaza's Suffering that Candidates Ignore

Jonathan Cook
The Meaning of Gaza's Shoah

Steve Niva
Behind the Israeli Escalation in Gaza

Bill and Kathy Christison
Crisis over Teheran's Alleged Nuclear Plans Nearing Climax

Hervé Do Alto and Franck Poupeau
Bolivia: Morales is Checked

Eric Walberg
To Leave and Stay at the Same Time: Putin to Medvedev to…?

Scott Johnson
City of A Thousand Foreclosures

Mark Scaramella
James Brown's Gate

Bill Clinton
President Clinton's Remarks on Naming William M. Daley as NAFTA Task Force Chairman

Poet's Basement
St. Thomasino, Engel, Davies and Willson

Website of the Weekend
Hillary Blackens Barack

March 7, 2008

Patrick Cockburn
Why Iraq Could Blow-Up in John McCain's Face

Robin Blackburn
Question for Barrack Obama: Why Afghanistan is the 'Right War'?

Saul Landau
The Stupid Economy

Binoy Kampmark
When Competition is Good: McCain and the Muddled Democrats

Chris Floyd
Crushing the Ants: Admiral Fallon and His Empire

Andy Worthington
Spanish Drop "Inhuman" Extradition Request for Guantánamo Britons

Will Potter
Before the Smoke Even Clears in Seattle: Bringing Out the T Word

March 6, 2008

 

March 6, 2008

Vincent Navarro
The Next Failure of Health Reform

Forrest Hylton
High Stakes in the Andes: Colombia's Cornered President

Peter Morici
Why the Dollar is So Cheap

George Ciccariello-Maher
Counter-Attack of the Bureaucrats

John Ross
Taxi! Taxi! The Dark Side of the Oscars

Jacob Hornberger
No Standing to Lecture on Justice

Paul Watson
Illegal Japanese Whaling by the Numbers

Dan Bacher
Off the Deep End

Website of the Day
A Katrina Reader Online

 

March 5, 2008

Cockburn / St. Clair
A Great Day for John McCain (and Maybe Nader)

Joanne Mariner
After Guantanamo

Fidel Castro
The Raid on Ecuador: Underestimating Rafael Correa

Christopher Brauchli
The Turkish Invasions

Steven Sherman
Obama and the Prospects for a Renewal of the Left

Dave Lindorff
Busting Bush & Co. in New England

James Murren
Bombing Somalia

Adam Engel
Necropolis Now

Website of Day
Remember Song

 

March 4, 2008

Wajahat Ali
Mumbo Jumbo: Naming Names with Ishmael Reed

William Blum
How Could Hillary Have Known?

Bill Quigley
The Cleansing of New Orleans

Ralph Nader
The Prince Harry Solution

Patrick Irelan
Oil and Health in Venezuela

James J. Brittain /
R. James Sacouman

Uribe's Colombia is Destabilizing a New Latin America

Norman Solomon
The War Election

Jacob Hornberger
Hillary in Waco: the Missing Apology

Andy Worthington
Guantánamo and the European Parliament

Mike Averko
Kosovo and the Press

Website of the Day
Tex-Mex Primary

 

March 3, 2008

Jennifer Loewenstein
Gazan Holocaust

Alan Farago
American Politics and the Faltering Economy

Richard Gott
Colombian Deaths in Ecuador

Wajahat Ali
Who Speaks for a Billion Muslims? Analyzing the World Gallup Poll with John Esposito

Paul Craig Roberts
The Mukasey Conspiracy: a Bi-Partisan Attack on the Constitution

Robert Weissman
When Multinationals Say Adieu

Uri Avnery
Good Morning, Hamas

Martha Rosenberg
When Your Meat is a Downer

Eva Liddell
Leave the Next Dance for Bill

Michael Donnelly
Will Ferrell Does Flint

Website of the Day
Muddy Waters: Train Fare Home Blues

 

March 1 / 2, 2008

Alexander Cockburn
The Race Card

Paul Craig Roberts
The Political Trial of Don Siegelman

Kathleen and Bill Christison
Nader the Best Antidote to American Imperialism

Nelson P. Valdés
Cuba After Fidel

Christopher Brauchli
Meet Mr. Nursultan Nazarbayev: Friend of Bill, George and Dick

Ron Jacobs
Inside the Secret City: Bomb Making at Oak Ridge

John Ross
The New Conquistadores: Spain's Reconquest of Mexico

Robert Fantina
Posturing Over Patriotism: Obama and Those Lapel Pins

Robert Weissman
Hidden in Plain Sight: Human Rights Hypocrisy

Mohammed Omer
Fear in Gaza

Remi Kanazi
Barack Obama and the Politics of Xenophobia

Bob Jackson
Why is Yellowstone Destroying Its Bison Herd?

Richard Rhames
Casual Threats: Loaded with Mercury

Franklin Lamb
Lebanon Awaits the Arrival of the USS Cole

Rannie Amiri
Showboat Diplomacy: US Warships Steam Toward Lebanon

David Michael Green
The Three Faces of Hillary: the Politics of Flim-Flam

Conn Hallinan
Notes from the Southern Cone

Faheem Hussain
Prince Harry of Afghanistan and the Meaning of Normalcy

Poets' Basement
Gibbons, Orloski, Gardner and Ford

Website of the Weekend
The Palestine Chronicle Needs (and Deserves) Your Help!

 

 

February 29, 2008

Matt Gonzalez
The Obama Craze

Jonathan Cook
Academic Freedom? Not for Arabs in Israel

Joshua Frank
Obama and Israel

Anthony DiMaggio
The Unilateral Presidency: Signing Statements and the Rollback of American Law

Linn Washington, Jr.
Cop Abuse in America

Binoy Kampmark
Hubris and Nemesis

Robert Bryce
Energy Efficiency May be a Good Thing, But It Won't Cut Energy Use

Sonja Karkar
Australia's Government Continues Its Love Affair with Israel

Dave Lindorff
A Manchurian Candidate in the White House? Obama or Bush?

Website of the Day
Olduvai George

 

February 28, 2008

Patrick Cockburn
"Iraq" Falls Apart

Fred Gardner
The Birth of NAFTA

Michael Levitin
The Crisis in Kosovo is Just Beginning

William S. Lind
The Fake State of Kosovo

David Macaray
A Ray of Hope for Organized Labor

Stephen Fleischman
Nader's Latest Run: Monkey Wrench or Cattle Prod?

George Wuerthner
The Myths of Forest Health: Why Ecological Logging is an Oxymoron

Laura Carlsen
The North American Union Farce

Carl Finamore
Why the Delta-Northwest Deal Hasn't Taken Off

Michael Dickinson
The Day I Bombed the House of Commons

Website of the Day
Plane Stupid

 

February 27, 2008

David Rosen
Playing the Race Card: Obama, Love Across the Color Line and Political Dirty Tricks

Vijay Prashad
Bomber John: McCain and the 100 Year War

Harvey Wasserman
Incident at Turkey Point: Did Florida Go to the Radioactive Brink?

Andy Worthington
Guantánamo's Shambolic Trials: Pentagon Boss Resigns, Ex-Prosecutor Joins Defense

Wajahat Ali
Pakistan for Sale: an Interview with Ayesha Siddiqa on Pakistan's Military Economy

Peter Morici
The Auction-Rate Securities Fiasco: a Drama of Greed and Betrayal

Stephen Philion
Conspiracy Theory, Fears of Betrayal and Today's Anti-War Movement

Michael Donnelly
Obama by Unanimous Decision

Erica Rosenberg /
Janine Blaeloch
After the Land Deals: Will There be Any Wilderness Left to Protect?

Website of the Day
Dress Blues

 

February 26, 2008

Debbie Nathan
Confessions of a Gitmo Guard

Alan Dershowitz
v. Frank Menetrez

On Finkelstein

Harvey Wasserman
How Ohio Got Nuked

Michael Colby
Ralph Nader vs. the Fundamentalist Liberals

Gary Leupp
Condi vs. Putin on Bullying Belgrade

David Orchard
The New Conquistadors: Canada in Afghanistan

Martha Rosenberg
The Big HRT

Fran Shor
The Electoral Circus and Nader's Sideshow

Serge Halimi
The Dom Perignon Socialist Manifesto: Bernard Henri-Levy's Plan for the French Left

Global Balkans
Neo-Liberalism and Protectorate States in the Post-Yugoslav Balkans: an Interview with Tariq Ali

Website of the Day
Texistentialism

 

February 25, 2008

Roger Morris
A Death in Damascus

Anthony DiMaggio
Military Bases, the Media and the Democrats

Ralph Nader
Why I'm Running

Patrick Cockburn
Iraq Broils

Paul Craig Roberts
Kosovo and the Empire Crazies

Peter Morici
Bernanke's Failing Policies: a Long Recession Looms

Dave Lindorff
General Welch's Whitewash: What We Still Don't Know About That Minot Nuke Incident

Saul Landau /
Farrah Hassen

Fanatics, Mountebanks and Drillers: a Bloody Oil Film

Heather Gray
James Orange, Civil Rights Legend

Robert Weitzel
Accomodating Torture

John Halle
Kucinich Goes Down

Website of the Day
Do the Trunk Monkey!


February 23 / 4, 2008

Alexander Cockburn
The Mushrooming Clouds That Hang Over McCain

Paul Craig Roberts
Obama and Global Trade

Wajahat Ali
Omissions of the Commission: an Interview with Phillip Shenon on the 9/11 Commission

Ralph Nader
Neutering the FDA

Jürgen Vsych
"What Was Ralph Nader Thinking?"

Fidel Castro
Watching the US Presidential Campaign from Havana

Andy Worthington
Britain's Guantánamo

David Macaray
Unions Under Assault

Jeremy Scahill
The Real Story Behind Kosovo's Independence

David Krieger
Stanley Sheinbaum
Caging the Cold War Monster

Ron Jacobs
Building for the Future

Michael Garrity
The Last, Best Hope for the Northern Rockies

Brian McKenna
Higher Ed's "Civic Engagements" Get Dumbed Down

Missy Beattie
Over the Hill with John McCain

Fred Gardner
American College of Physicians Takes Pro-Cannabis Stand (Mostly)

Boris Kagarlitsky
The Growth of the Russian Labor Movement

Mike Ferner
Kick That Barrel

Dan Bacher
On the Trail with the Border Angels

Christopher Ketcham
Hillary Goes Where Obama Fears to Tread

Poets' Basement
Davies and Buknatski

Website of the Weekend
Obama Mariachi

 

February 22, 2008

Mike Whitney
The Bonfire of Capital

Jason Hribal
Elephants and the Circus: The Story of Janet

Liaquat Ali Khan
Arresting Musharraf

Joshua Frank
That Obama Glow: the Nuclear Industry's Golden Child

Dave Lindorff
Vicki's John: Ask Not What She Did for Him, Ask What He Did for Her!

Liliana Segura
When Torture is Old News: McCain's Blonde Diversion

Robert Fantina
Castro, Bush and Cuba: a Fiasco Waiting to Happen?

Yifat Susskind
The ABCs of Death: Bush vs. Africa's Women

Norm Kent
Pushing 60 with Pot

Website of the Day
Bush Gets Down in Liberia

February 21, 2008

Saul Landau
Fidel Steps Aside

Elizabeth Schulte
Left Behind, With No End in Sight: America's Long-Term Unemployed

Helen Redmond
Health Care as a Human Right

Benjamin Dangl
Undermining Bolivia

Michael Levitin
Kosovo's Dilemma

Liam Leonard
Fear and Loathing on the Emerald Isle

Patrick Irelan
Land and Food in Venezuela

Linn Cohen-Cole
Poor Ohio: a Second Letter to Hillary on Her Ties to Monsanto

Michael Simmons
Daydream Believer: John Stewart, the Miles Davis of Folk Music

CounterPunch News Service
A Message from the Women of Okinawa to US GIs

Website of the Day
Cop Abuse in Shreveport

 

 

 


 

 

 

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St. Patrick's Day Edition
March 17, 2008

No Justice, No Peace

Beyond Peace

By ROBERT JENSEN

[The following essay was written in response to a request from students at a Massachusetts middle school for essays about peace contributing to what they hope will be "the largest book in the world on the subject of peace." For more information about the project, go to http://www.pagesforpeace.com/]

It has long been a staple of the antiwar movement that there can be no meaningful peace without justice on a global scale. Those of us living in the First World, especially in the United States, cannot pretend to be working for peace unless we also are working for a more just and equitable distribution of the world's resources.

The antiwar/peace movement, therefore, must also be a movement focused on the grotesque inequalities in a predatory corporate capitalist system. In a world where half the population lives on less than $2 a day, it's clear that (a) the global economy is itself a form of war on billions of people, sometimes as destructive as shooting wars, and (b) that in such an profoundly unjust world, armed conflict is inevitable because there always will be resistance to this inequality, and powerful states will respond militarily to any threat, real or perceived, to their dominance.

In other words: No justice, no peace.

Now it's time for those of us in the peace-and-justice movement in the First World, especially in the United States, to take the next step: We must recognize that there can be no justice over the long term without sustainability, and creating a sustainable world will require not only radical change in systems and structures of power but also a radical change in the way we in affluent societies live. It's time to recognize that if we are serious about the values of equality that we claim to be the core of our politics, we must scale back the level at which we live.

In other words: No reduction in First World consumption, no justice; and no justice, no peace.

Put simply: One cannot be a serious peace activist without putting peace in the context of justice and sustainability, and the high-energy/high-tech lifestyle of the First World is not sustainable and not compatible with the demands of justice. Meaningful peace requires real justice, which means we must learn to live with less.

We could start to move toward the changes necessary by applying a "Golden Rule" of consumption. Working from the common moral principle that we should follow a path based on rules that we would be willing to apply to all (and some version of this Golden Rule exists in all ethical and theological systems), we could begin with this: Consume at a level that, if applied throughout the world, would allow all people a decent life consistent with long-term sustainability. That doesn't prescribe a destination but suggests a direction; instead of anyone sanctimoniously dictating a specific lifestyle, we can collectively recognize that we must move toward living lower on the food chain, using far less energy, consuming far fewer of the planet's limited resources, generating far less toxic waste. (For a more detailed exploration of this argument, see "What is a moral level of consumption?"

While some might see this as a sacrifice -- and in some sense, of course, we will have to give up material things that we have come to rely on and enjoy -- this moment in history also provides us with a chance to redefine what it means to live a good life. Rather than accept the mad scramble to accumulate goods and insulate ourselves from the natural world -- the good life as defined in a consumer capitalist society awash in high-tech toys and mass-mediated entertainment -- we can reorient ourselves toward the traditional definition of a good life in terms of community and connection with others, service and sacrifice for others, and a deeper sense of meaning for ourselves.

Eloquent calls for peace are easy to make from the material comfort of the First World. Moving beyond that to a demand for meaningful justice gets us closer to the goal. A commitment to moving toward a sustainable level of consumption should be at the core of this work. It will be a struggle, of course, often confusing and sometimes painful. But we can remember that there is joy in the struggle for a better world, which is always at the same time a struggle to become more fully human.

Robert Jensen is a journalism professor at the University of Texas at Austin and a member of the board of the Third Coast Activist Resource Center. He is the author of The Heart of Whiteness: Race, Racism, and White Privilege and Citizens of the Empire: The Struggle to Claim Our Humanity. He can be reached at rjensen@uts.cc.utexas.edu.




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Grand Theft Pentagon
How They Made a Killing on the War on Terrorism

 

 

 

 

 

 


The Occupation
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Humanitarian Imperialism
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CITY BEAUTIFUL
By Tennessee Reed