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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 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 Conservation 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: Why Did You Threaten to Bomb Us?

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 & 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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Weekend Edition
March 15 / 16, 2008

How to Destroy a Country in Five Years

Iraq's Blood-Sodden Anniversaries

By PATRICK COCKBURN

Baghdad

"It reminds me of Iraq under Saddam," said a militant opponent of Saddam Hussein angrily to me last week as he watched red-capped Iraqi soldiers close down part of central Baghdad so the convoy of Iraqi prime minister Nouri al-Maliki might briefly venture into the city.

Five rears after the invasion of Iraq the US and the Iraqi government both claim that Iraq is becoming a less dangerous place, but the measures taken to protect Mr Maliki told a different story. Gun-waving soldiers first cleared all traffic from the streets. Then four black armored cars, each with three machine gunners on the roof, raced out of a heavily fortified exit from the Green Zone, followed by sand-coloured American Humvees and more armoured cars. Finally, in the middle of the speeding convoy, we saw six identical bullet proof vehicles with black windows, one of which must have carried Mr Maliki.

The precautions were not excessive since Baghdad remains the most dangerous city in the world. The Iraqi prime minister was only going to the headquarters of the Dawa party to which he belongs and which are only half a mile from the Green Zone but his hundreds of security guards acted as if they were entering enemy territory.

Five years of occupation have destroyed Iraq as a country. Baghdad is today a collection of hostile Sunni and Shia ghettoes divided by high concrete walls. Different districts even have different national flags. Sunni areas use the old Iraqi flag with the three stars of the Baath party and the Shia wave a newer version, adopted by the Shia-Kurdish government. The Kurds have their own flag.

The Iraqi government tries to give the impression that normality is returning. Iraqi journalists are told not to mention the continuing violence. When a bomb exploded in Karada district near my hotel killing 70 people the police beat and drove away television cameraman trying to take pictures of the devastation. Civilian casualties have fallen from 65 Iraqis killed daily from November 2006 to August 2007 to 26 daily in February. But the fall in the death rate is partly because ethnic cleansing has already done its grim work and in much of Baghdad there are no mixed areas left. More than most wars the war in Iraq remains little understood outside the country. Iraqis themselves often do not understand it because they have an intimate knowledge of their own community, be it Shia, Sunni or Kurdish, but little of other Iraqi communities. It should have been evident from the moment President George W Bush decided to overthrow Saddam Hussein that it was going to be a very different war from the one fought by his father 1991. That had been a conservative war waged to restore the status quo ante in Kuwait.

The war of 2003 was bound to have very radical consequences. If Saddam Hussein was overthrown and elections held then the domination of the 20 per cent Sunni minority would be replaced by the rule of the majority Shia community allied to the Kurds. In an election Shia religious parties linked to Iran would win, as indeed they did in two elections in 2005. Many of America's troubles in Iraq have stemmed from Washington's attempt to stop Iran and anti-American Shia leaders like Muqtada al-Sadr filling the power vacuum left by the fall of Saddam Hussein.

The US and its allies never really understood the war they won which started on March 19, 2003. Their armies had an easy passage to Baghdad because the Iraqi army did not fight. Even the so-called elite Special Republican Guard units, well paid, well equipped and tribally linked to Saddam, went home. Television coverage and much of the newspaper coverage of the war was highly deceptive because it gave the impression of widespread fighting when there was none. I entered Mosul and Kirkuk, two northern cities, on the day they were captured with hardly a shot fired. Burned out Iraqi tanks littered the roads around Baghdad, giving the impression of heavy fighting, but almost all had been abandoned by their crews before they were hit.

The war was too easy. Consciously or subconsciously Americans came to believe it did not matter what Iraqis said or did. They were expected to behave like Germans or Japanese in 1945, though most of Iraqis did not think of themselves as having been defeated. There was later to be much bitter dispute about who was responsible for the critical error of dissolving the Iraqi army. But at the time the Americans were in a mood of exaggerated imperial arrogance and did not care what Iraqis, in the army or out of it, were doing. "They simply thought we were wogs," says Ahmad Chalabi, the opposition leader, brutally. "We didn't matter."

In those first months after the fall of Baghdad it was extraordinary, and at times amusing, to watch the American victors behave exactly like the British at the height of their power in nineteenth century India. The ways of the Raj were reborn. A friend who had a brokerage in the Baghdad stock market, told me how a 24 year old American whose family was a donor to the Republican Party had been put in charge of the market and had lectured the highly-irritated brokers, most of whom spoke several languages and had PhDs, about the virtues of democracy.

There was a further misconception that grew up at this time. Most Iraqis were glad to be rid of Saddam Hussein. He had been a cruel and catastrophically incompetent leader who ruined his country. All Kurds and most Shia wanted him gone. But it did not follow that Iraqis of any description wanted to be occupied by a foreign power. Later President Bush and Tony Blair gave the impression that overthrowing the Baathist regime necessarily implied occupation, but it did not. "If we leave, there will be anarchy," friends in the occupation authority used to tell me in justification for the occupation. They stayed, but anarchy came anyway. In that first year of the occupation it was easy to tell which way the wind was blowing. Whenever there was an American soldier was killed or wounded in Baghdad I would drive there immediately. Always there were cheering crowds standing by the smoking remains of a Humvee or a dark blood stain on the road. After one shooting of a soldier a man told me: "I am a poor man but my family is going to celebrate what happened by cooking chicken." Yet this was the moment when President Bush and his Secretary of Defence Donald Rumsfeld were saying that the insurgents were 'remnants of the old regime' and 'dead enders'. There was also misconception among Iraqis about the depth of the divisions within their own society. Sunni would accuse me of exaggerating their differences with the Shia but when I mentioned prominent Shia leaders they would wave a hand dismissively and say: "But they are all Iranians or paid by the Iranians." Al Qa'ida in Iraq regarded the Shia as heretics as worthy of death as the Americans. Enormous suicide bombs exploded in Shia market places and religious processions slaughtering hundreds, and the Shia began to hit back with tit-for-tat killing of Sunni by Shia death militia death squads or the police.

After the Sunni guerrillas blew up the Shia shrine in Samarra on 22 February 2006 sectarian fighting turned into a full blown civil war. Mr Bush and Mr Blair strenuously denied that this was so, but by any standard it was a civil war of extraordinary viciousness. Torture with electric drills and acid became the norm. The Shia Mehdi Army militia took over much of Baghdad and controlled three quarters of it. Some 2.2 million people fled to Jordan and Syria, a high proportion of them Sunni.

The Sunni defeat in the battle for Baghdad in 2006 and early 2007 was the motive for many guerrillas, previously anti-American, suddenly allying themselves with American forces. They concluded they could not fight the US, al Qa'ida, the Iraqi army and police and the Mehdi Army at the same time. There is now an 80,000 strong Sunni militia paid for and allied to the US but hostile to the Iraqi government. Five years after the American and British armies crossed into Iraq the country has become a geographical expression.

Patrick Cockburn is the author of 'The Occupation: War, resistance and daily life in Iraq', a finalist for the National Book Critics' Circle Award for best non-fiction book of 2006. His new book 'Muqtada! Muqtada al-Sadr, the Shia revival and the struggle for Iraq' is published by Scribner.


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