What?! Something other than neo-liberal orthodoxy on the Farm?

Something exciting happened on campus and I missed it:

Author Naomi Klein Discusses Bailout, Economy at Stanford

Krugman as an aplogist for global captialism?

Mary Lynn Cramer wonders what Krugman got his Nobel for.

Stiglitz and Krugman on the bailout.

Aziz Huq on US imperial decline.

Mike Davis on the crash of "casino capitalism."

Juan Cole on the insanity of the Drug War.

Stephen Kinzer on the Afghan War.

A Green Deal?

UCB economist Robert B. Reich on the state of the American economy: "The top 1 percent now takes home about 20 percent of total national income. As recently as 1980, it took home 8 percent."

He calls for a massive investment in a public works/ job-creation program on the model of FDRs New Deal. In this vein, Google CEO Eric Schmidt "calls for a bold move into solar and wind power. It would cost $2.7 trillion through 2030. However, Schmidt says it would generate $2.1 trillion in energy savings. It would also create hundreds of thousands of jobs. And help fight global warming."

He points outs out that many of these jobs would be produced in rural areas where unemployment is highest, and would be in sectors like construction and engineering that are hard hit by the current situation. I personally wouldn't mind a high-speed rail link connecting Medocino County with the Bay Area. Why we don't already have a high-speed rail line running from San Diego to Seattle is beyond me.

Now is as good a time as any to re-engineer our energy systems and redistribute wealth and income in America (and globaly), but the brilliant Mike Davis points to three key reasons why the FDR's New Deal model is not relevant to the current situation: this is not your grand pappy's industrial capitalism - financial captialism is a whole new, and even more predatory (and volitile) beast. More on Davis' analysis to follow.

Realignment?

Chalmers Johnson wonders if we might be on the verge of a political realignment similar to those of 1932 and 1968.

Dumb and Dumber: President Barbie and The Great Sage of the Senate

Alexander Cockburn sizes up the VP debate and declares: "A Start is Born!"

"On present trends, the McCain-Palin ticket is doomed, just as the Republican presidential campaign of another Arizonan senator, Barry Goldwater, was crushed by Lyndon Johnson, in 1964. Yet that defeat was the making of Ronald Reagan, who stole every right-wing Republican heart with his speech for Goldwater in the party convention that year. Two years later, Reagan was governor of California. Twelve years later in 1976, he was challenging an incumbent Republican president, Gerald Ford. In 1980 he won the presidency

More than once, last night, I thought Palin must have been watching re-runs of Reagan’s speeches, though decades of deference to Hollywood tycoons made Reagan far more respectful of Wall Street than the Alaskan governor. Her first national political foray may have only a month to run, but on Thursday night she won herself a long-term political future. Populism comes in many different garments. The bailout, voted through this last week by Obama and Biden and the Democrats, showed the party has lost the capability even of deception, even of the pretence that it is the friend of the working people. (And yes, Palin is the only person on the campaign trail from whose lips I have heard the increasingly unfamiliar term “working class”.) Palin has a lot to learn, but in the years ahead, amid the bankruptcy of the liberal left, her strain of populism will have an eager audience."

As for the "Great Sage," Robert Fisk wonders why Biden would assert: "we kicked Hizballah out of Lebanon."

Stephen Zunes is similarly unimpressed with this one from the Great Sage:
"BIDEN: With regard to Iraq, I gave the president the power [in the October 2002 Iraq War Resolution]. I voted for the power because he said he needed it not to go to war but to keep the United States, the UN in line, to keep sanctions on Iraq and not let them be lifted."

Boy, it it wern't for Sen. Biden, who "would keep the UN in line"?

Another pearl wisdom from the String of Biden:
"Here's what the president [Bush] said when we said no. He insisted on elections on the West Bank, when I said, and others said, and Barack Obama said, "Big mistake. Hamas will win. You'll legitimize them." What happened? Hamas won."

Atta boy, Scranton Joe!! somebodody's got to keep the West Bank free of Democracy!

A View from a Front Line in the Drug War

This new movie looks very interesting: Humboldt County. A review to follow... (as soon as I can get to a theater showing it... funny how much trouble movies lacking a talking Chuwawa have with distribution...)

Takes on the end of American Empire

Howard Zinn on the end of American empire.

Robert Reich on Wall Street extortion: "Give us a trillion dollars or we'll masacre your retirement securities!"

Stan Goff offers the Republicans a bit of advice.

Fatemeh Keshavarz on what "Obama could have said."

Mark Engler reviews Kevin Phillips new book Bad Money: Reckless Finance, Failed Politics, and the Crisis of American Capitalism.