Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.Thursday, February 11, 2010
Will Obama Destroy Any Hope of U.S. Energy Independence? / Politics / Energy Resources
By Charles S. Brant, Energy Correspondent, Casey Research. The U.S. consumes nearly three times the amount of oil that it produces domestically on a daily basis. How can this statistic get any worse, you might ask?
Imagine in 2010 the Obama administration persuades Congress to pass a budget that results in a reduction of domestic oil production by 10% - 20%, making the supply/demand imbalance even more lopsided. Foreign oil companies will gain a distinct advantage over American domestic operators as an unintended consequence of these proposals.
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Thursday, February 11, 2010
Alan Greenspan Party Boy / Politics / Central Banks
"It's important to remember that equity values, stock prices, are not just paper profits. They actually have a profoundly important impact on economic activity. And if stock prices start continuing down, I would get very concerned." -Former Federal Reserve Chairman Alan Greenspan, Meet the Press, February 7, 2010
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Thursday, February 11, 2010
NATO’s Role In The Military Encirclement Of Iran / Politics / Iran
Following on the heels of identifying himself as the “Commander-in-Chief of a nation in the midst of two wars” and moreover the head of state of no less than “the world’s sole military superpower” [1] while being presented with what is still curiously called the Nobel Peace Prize, U.S. President Barack Obama in his first State of the Union address on January 27 asserted “the international community is more united, and the Islamic Republic of Iran is more isolated” and threatened: “As Iran’s leaders continue to ignore their obligations, there should be no doubt: They…will face growing consequences. That is a promise.”
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Thursday, February 11, 2010
Solution to the Washington Debt Crisis Threat / Politics / US Debt
Frédéric Bastiat must have been looking toward the future of the United States today when he said, "When plunder has become a way of life for a group of people living together in society, they create for themselves in the course of time a legal system that authorizes it, and a moral code that glorifies it."
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Wednesday, February 10, 2010
It Is Now Official, The U.S. Is A Police State / Politics / US Politics
Americans have been losing the protection of law for years. In the 21st century the loss of legal protections accelerated with the Bush administration’s "war on terror," which continues under the Obama administration and is essentially a war on the Constitution and U.S. civil liberties.
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Wednesday, February 10, 2010
U.S. Congress Targets Iran with New Energy Sanctions / Politics / Iran
U.S. lawmakers are toughening their stance on Iran's energy industry with new economic penalties, but experts doubt the Islamic regime will pay much attention and is more likely to open the doors even wider to other players eager to replace fleeing investors.
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Wednesday, February 10, 2010
The Hypocrisy of Imperialism, Charlie Don’t Surf / Politics / US Politics
“I've seen horrors... horrors that you've seen. But you have no right to call me a murderer. You have a right to kill me. You have a right to do that... but you have no right to judge me. It's impossible for words to describe what is necessary to those who do not know what horror means. Horror... Horror has a face... and you must make a friend of horror. Horror and moral terror are your friends. If they are not, then they are enemies to be feared. They are truly enemies! I remember when I was with Special Forces... seems a thousand centuries ago. We went into a camp to inoculate some children.
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Wednesday, February 10, 2010
To Tea Party Or Not To Tea Party / Politics / US Politics
As a long term, proud political dissident and rebel I have had some admiration for the national tea party movement. I welcome all that shakes up and reforms our dysfunctional political system. But in the end I find far too much distasteful about what these people embrace to participate in or support it.
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Tuesday, February 09, 2010
Wars Sending U.S. Into Ruin / Politics / US Politics
Eric Margolis writes: U.S. President Barack Obama calls the $3.8-trillion US budget he just sent to Congress a major step in restoring America’s economic health.
In fact, it’s another potent fix given to a sick patient deeply addicted to the dangerous drug — debt.
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Tuesday, February 09, 2010
German Bailout of Greece, PIIGS Would Herald Shift of E.U. Power To Germany / Politics / Euro-Zone
The situation in Europe is dire.
After years of profligate spending, Greece is becoming overwhelmed. Barring some sort of large-scale bailout program, a Greek debt default at this point is highly likely. At this moment, European Central Bank liquidity efforts are probably the only thing holding back such a default. But these are a stopgap measure that can hold only until more important economies manage to find their feet. And Europe’s problems extend beyond Greece. Fundamentals are so poor across the board that any number of eurozone states quickly could follow Greece down.
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Monday, February 08, 2010
U.S. Congress More Spending is Always the Answer / Politics / US Politics
Last week, the House approved another increase in the national debt ceiling. This means the government can borrow $1.9 trillion more to stay afloat and avoid default. It has been little more than a year since the last debt limit increase, and graphs showing the debt limit over time show a steep, almost vertical trend. It is not likely to be very long before this new ceiling is met and the government is back on the brink between default and borrowing us further into oblivion.
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Monday, February 08, 2010
Markets Fail When Humans Are Unregulated / Politics / Market Regulation
Former Federal Reserve chairman Alan Greenspan answered that he had placed his trust in a flawed theory when he was called before Congress to explain why he, Goldman Sachs Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers, prevented Brooksley Born, head of the Commodity Futures Trading Corporation, a government regulatory agency, from doing her job of regulating over-the-counter derivatives.
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Sunday, February 07, 2010
Financial Giants Overshadow Governments,The Reason Why the U.S. Is Not Regulating Wall Street / Politics / Market Regulation
Sure, American politicians have been bought and paid for by the Wall Street giants.
And everyone knows that the White House and Congress - while talking about cracking down on Wall Street with strict regulation - have actually watered down some of the most important protections that were in place.
Friday, February 05, 2010
More Government Equals Fewer Jobs / Politics / US Politics
With today's unexpected decline in December payrolls, the cry for more job-related stimulus will grow even louder. But the sad truth is that any new stimulus or jobs bills will ultimately swell the ranks of the unemployed, thereby raising calls for an even bigger federal effort. If we are not careful, government regulations, subsidies, and spending, all designed to fight unemployment, could push the labor market into a death spiral.
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Friday, February 05, 2010
Ben Bernanke, The Very Model of a Modern Pliant Bureaucrat / Politics / Central Banks
Federal Reserve Chairman Ben S. Bernanke was a safe bet to win the Senate's vote for a second term. "Safe" is what the senators want and Bernanke passed the test. He is not a man inclined to make bold decisions. A former university administrator, his institutional mind will be just as slow to foresee the next financial crisis as it was incapable of forecasting the last.
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Friday, February 05, 2010
Foreigners Caused America’s Financial Crisis? A Closer Look / Politics / Credit Crisis 2008
Dian L. Chu writes: In his State of the Union address, President Obama reiterated his ambitious agenda to improve the economy and enact sweeping financial reform aimed specifically at the Big Banks. The European Union is also pursuing similarly ambitious changes aimed at preventing another crisis in the future.
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Thursday, February 04, 2010
The Corporate Takeover of U.S. Democracy / Politics / US Politics
Noam Chomsky writes: Jan. 21, 2010, will go down as a dark day in the history of U.S. democracy, and its decline.
On that day the U.S. Supreme Court ruled that the government may not ban corporations from political spending on elections—a decision that profoundly affects government policy, both domestic and international.
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Thursday, February 04, 2010
Bernanke's Bankster's Skimming Operation Exposed / Politics / Credit Crisis 2010
The reappointment of Fed chairman Ben Bernanke means that the opportunity for change has passed and the reform movement is dead. It means that and that derivatives trading, off-balance sheet operations, securitization, dark pools and high frequency trading will go on much as they have before. It means that the public will continue to be gouged so that a handful of Wall Street sharpies can rake in obscene profits using complex "financial innovations" and over-leveraged debt instruments. It means that the entire system will continue to be put at risk to protect the interests of investment banks and hedge funds. It means that the subsidies, the preferential treatment, and the bailouts will continue to fuel populist rage and exacerbate deepening divisions in society. It means that the status quo has been preserved and that it's "business as usual".
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Thursday, February 04, 2010
Israel Guilty of War Crimes on Use of White Phosphorus Against Civilians / Politics / Israel
Operation Cast Lead, which Israel conducted in the Gaza Strop in December 2008 and January 2009, echoed to two high-ranking Israeli officers. They stand accountable for the use of white phosphorus during the operation. It is the first time when Israel resorts to disciplinary punishment connected with Cast Lead.
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Thursday, February 04, 2010
Gulf Defensive Buildup In Advance of Attack on Iran? / Politics / Middle East
This weekend’s newspapers were filled with stories about how the United States is providing ballistic missile defense (BMD) to four countries on the Arabian Peninsula. The New York Times carried a front-page story on the United States providing anti-missile defenses to Kuwait, the United Arab Emirates, Qatar and Oman, as well as stationing BMD-capable, Aegis-equipped warships in the Persian Gulf. Meanwhile, the front page of The Washington Post carried a story saying that “the Obama administration is quietly working with Saudi Arabia and other Persian Gulf allies to speed up arms sales and rapidly upgrade defenses for oil terminals and other key infrastructure in a bid to thwart future attacks by Iran, according to former and current U.S. and Middle Eastern government officials.”
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