- A couple of excellent articles from The African Executive: “Al-Bashir Indictment: The ICC is Hypocritical” and “International Women’s Day: Men Have No Excuse”
- Crossed Crocodiles uncovers “Guantanamo in Ethiopia”
- I saw this Zambian economist and author Dambisa Moyo debate the issue of how developmental aid has stagnated Africa on BBC’s “HardTalk”. Thanks to Desire Katihabwa for forwarding this article to me: “Stop giving aid to Africa. It’s just not working”
- An interesting and controversial article in French on President Obama: “Obama, un blanc déguisé en noir”. Thanks again to Desire Katihabwa for forwarding this article.
- Sister Sonskystar at Did She Say That tackles the Chris Brown and Rhianna saga in her own patented way: “Rhianna’s Back With Chris Brown: The Public Is Outraged”
An Op-ed submission from The National Leadership Network of Black Conservatives: Project 21. A New Visions commentary by Bishop Council Nedd II: “Real Stimulus: Reform How Banks Shop Credit Cards”
Is the NAACP becoming relevant again!? “NAACP Files Landmark Lawsuit Today Against Wells Fargo and HSBC”
I have never been a big fan of Jon Stewart. I used to watch The Daily Show, but Stewart’s act got real tired, real fast for me. Playing clips of parts of speeches and making faces has a diminishing return in regards to humor as far as I am concerned… plus I also found it manipulative. It’s troubling that many people consider what he does as “legitimate” political commentary. Now I understand that it’s a comedy show, premised on political satire (which is a form of political commentary), but at the end of the day it’s an extended half-hour rip off of the SNL nightly news skit. Also in interviews that I have seen with Stewart, I have been left with the impression that he is one of those “limousine liberal” types who tries too hard to be the “voice” of the people. So I don’t find him at all sincere… much less a “legitimate” political commentator.
However as they say: “even a broken clock is right twice a day”. I heard about the “spanking” Stewart gave to Jim Cramer of CNBC’s “Mad Money” on Thurday night’s Daily Show. I caught it on youtube and I must say, he did a terrific job of exposing the treachery of the financial market system and those like Jim Cramer who perpetuate and profit from it. I urge you to watch all 3 segments… it’s worth it!
Probably the main reason why the government has been granting “massive liquidity injections” to the banks is to stroke the hypersensitive egos of the bloodsucking bankers who turned history’s greatest economic boom into a clustermuck. And if anyone doesn’t have a clue what that is, look at the working class job situation. Afraid they might start jumping out of windows, or perhaps to help them afford increased security so folks don’t start pushing them, the government seems to be the greatest collaborator in the biggest rip off scheme in history.
Of course, it bears noting that the president has suffered from “Politically Acquired Ideological Deficiency Syndrome” perhaps from his youth. His community organizing background experience plus his support of the Chicago plant takeover notwithstanding, the first “black” prez displays typical blaxgeoisie spinelessness in giving the reactionary international finance sector whatever it asks.
Whoever thinks the finance sector isn’t reactionary has a number of thinks coming.
The stimulus package seems more of a luxury tax levied on taxpayers and doled out to the wealthy. It contradicts all the hooey of the last thirty years about laissez faire capitalism, supply-and-demand, Friedmanesque “pure economics” and any other phony descriptions used to deceive working folks. The architects and supporters of this theory ought to pay for foisting this disaster upon the entire world economic structure.
So while rich bankers receive a stimulux package, the working class gets punished by a “stimmolation” package made of one part stimulus and ten parts immolation. Can we possibly believe that giving any money to the banks will stop unemployment for anybody except the bankers?
If they hadn’t been stuffing so much money into their pockets in the first place, capitalization for growth would still exist and the massive debt culture would have never arisen. Nobody talks about that. Nobody discusses how the unpunished corruption of the investment bankers that began with the S&L scandals continues unabated right up until now, with totally transparent government collaboration.
Like why did Ken Starr sidetrack his investigation of Clinton’s below-the-belt association with Monica Lewinski instead of zealously pursuing the Whitewater scandal, as he was mandated? Why did the corporate media titillate us with the blow-by-blow job details of that sordid garbage when they should have remained focused on Whitewater? Jimmy Carter was tied up with Arab money in BCCI, and the Bushes laundered dirty drug loot thru the S&Ls. The total S&L crisis oversaw the collapse of 747 institutions, over $160 billion in losses, and the government (FDIC, thru US taxpayer dollars) paid +$124 billion to ripped off savers.
Any working class people talking about saving money by putting it into the finance system needs their heads examined. And anybody wanting to nationalize the banks ought to be shoved out of a ten story window along with the nation’s bankers. But we haven’t reached that stage in history yet.
Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to
their farms. The offer increased to $25 each and the supply of monkeys
became so scarce it was an effort to even find a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50 each!
However, since he had to go to the city on some business, his assistant
would buy on his behalf. In the absence of the man, the assistant told the
villagers, “Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.
The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.
They never saw the man or his assistant again, only lots and lots of monkeys!
Now you have a better understanding of how the WALL STREET BAILOUT PLAN WILL WORK !!!!
I find reading the discussions of Obama here and over at thefreeslave quite amusing. Since his win in Iowa (and he is predicted to win today in New Hampshire), and surge in the polls, there is a renewed (or maybe it just more focussed and serious) debate of whether his nomination as the Democratic presidential candidate or even win of the Presidency would be advantageous for African-Americans. As an outsider here in Canada looking through the window of America, this is my take on some of the issues in the discussions surrounding Obama, voting and “Revolution American Style”.
In general, I have always been amazed of how much African-Americans have primarily thrown all their eggs into the basket of the Democratic Party. I shake my head at the emotionally charged and irrational polarization between Blacks who support the Democratic and Republican Party, signified by the back and forth name-calling which I have observed, which has only benefited the “divide and conquer” strategy of the dominant society well. Even within the Afrosphere, I have seen Black bloggers, some of our brightest and best, who self-label themselves as “progressives”, quit working coalitions with other Black bloggers, because they didn’t want to be associated with those who identify themselves as Republicans! Ridiculous and shameful!
Update: Noted Activist Dick Gregory joined campaign supporters on September 22. Supporters are determined to rally until changes are made in the way media portrays African Americans and all people of color. We were joined last week by a bus of supporters from Long Island, New York led by Rev. Roger Williams, Pastor of the First Baptist Church of Glen Cove.
For more information visit the Enough is Enough website.
One of my favourite sites in regards to issues concerning the Motherland is The African Executive. They are hosting the 5th Carnival of African Enterprising for October, dealing with topical and developmental issues concerning Africa. This Carnival is held monthly and the previous 4 entailed:
- Doing business in Africa
- Foreign aid, trade, business and entrepreneurship with focus on the African continent
- African business and economy
- African business and economy pt. 2
The topic for the 5th edition will be “Positioning Africa in the 21st Century”, which explores the reason behind the success of the West and emerging Eastern economies and how they can be applied in Africa. Articles are welcomed to be submitted here and they will be published on October 10th.