Who’s Got Obama’s Ear?

Reading Time: 2 minutes In the New York Times, Joe Nocera argues that Obama’s steps at regulating Wall Street are tepid compared to FDR’s and are likely to leave in place some of the very mechanisms that contributed to the crisis. Read this excerpt, if not the entire piece, then my closing comment: [T]he Obama plan is little more Read More

The End of American Hegemony?

Reading Time: 2 minutes At TruthDig, Chris Hedges, playing off an economist’s piece in the Financial Times, posits a dire future based on the collapse of the dollar, largely on account of the humongous military budget’s role in ballooning the deficit. The article, typically lively and controversial Hedges fare, is worth reading for its analysis, as are Hedges’s comments Read More

Moral Hazard, Fed Style

Reading Time: 2 minutes How exactly did the Federal Reserve gain the emergency authority to loan more than $1 trillion of taxpayer money to the banks secretly and without oversight? The Washington Post explains today in a long investigative piece by Binyamin Appelbaum and Neil Irwin. As it turns out, Sen. Chris Dodd slipped the necessary language into an Read More

Jihad Leak

Reading Time: 2 minutes A leaked Pentagon study claims one in seven Guantánamo detainees returned to jihad upon their release. A New York Times reporter says that the assertion could be used to argue against closing down Guantánamo. But…. -If the numbers are correct, that’s a pretty low recidivism rate. It could either argue for the effectiveness of incarceration Read More

Obama’s Appointee Scorecard: Look #2

Reading Time: 2 minutes The other day, I wrote about the need to study the qualifications of presidential appointees. I noted how Obama’s choice for head of the Federal Emergency Management Agency, unlike Bush’s guy, Michael Brown, actually had decades of experience in precisely this area. However, before we start assuming that Obama only appoints people based on credentials, Read More

Obama’s Appointee Scorecard: Look #1

Reading Time: < 1 minute One thing the media ought to do on a regular basis is provide updates on the quality of appointees a president makes. Irrespective of political philosophy, most of us can agree that people should be appointed to positions for which they appear qualified. And they should not be hired for positions where their experience runs Read More

Paying More to Cut Costs

Reading Time: 2 minutes The Washington Post today reviews the political push that led to the $36.5 billion in Obama’s stimulus package devoted to modernizing health records. Behind the president’s rosy predictions about the plan’s cost savings is the very industry that stands to gain a fortune from the bill’s passage. Candidate Obama promised $77.8 billion could be saved Read More

Insolvency

Reading Time: 2 minutes Anytime government or corporate interests allege an imminent crisis, journalists must guard themselves against manipulative terminology. Take the report the Obama administration released yesterday showing that the Social Security and Medicare trust funds are being depleted at a faster rate, thanks in part to the recession. The Medicare fund will run out of money in Read More

A Donnybrook over Holbrooke

Reading Time: 2 minutes Over at Electric Politics, former diplomat George Kenney offers a seldom-seen view of super-emissary Richard Holbrooke, once a top figure in the Clinton Administration and now President Obama’s special envoy for Pakistan and Afghanistan. Whether you agree or disagree, it is interesting to get something other than the almost uniformly laudatory media coverage. Kenney’s posting Read More