Stephen Lendman

Promising peace on May 19, Obama wages war against Middle East/North African and Central Asian states, as well as Muslim Americans at home.

Earlier articles explained they've:

● been targeted;
● hunted down;
● bogusly entrapped by stings, false evidence or other means;
● rounded up;
● held in detention;
● kept in isolation;
● denied bail;
● restricted in their right to counsel;
● tried on secret evidence;
● convicted on bogus charges;
● given long sentences; and
● incarcerated for extra harsh treatment as political prisoners in supermax confinement or segregated Communication Management Units (CMUs).

In fact, they violate US Prison Bureau regulations, stipulating that "staff shall not discriminate against inmates on the basis of race, religion, national origin, sex, disability, or political belief (including) administrative decisions (involving) access to work, housing and programs."

Moreover, the Supreme Court's February 2005 Johnson V. California decision prohibited segregating prisoners by race, national origin, or language, citing 14th Amendment protections against racial discrimination.

Nonetheless, post-9/11, Muslims have been vilified for their faith, ethnicity, activism, prominence, and, in the case of the Holy Land Foundation, charity. Bogusly, however, they were called a terrorist group and shut down, its principles given long prison terms for providing legitimate financial and other assistance, not aid to global terror groups.

Imam Amin Abdul Latif understands well. Recently, without explanation, he was removed from a plane with his son, also an Imam, despite having cleared security. Angrily he responded:

"I've never experienced anything like that before, that level of humiliation and disrespect. Never in my life! As an American citizen, you expect more. The whole idea of freedom of religion - that's what we pride ourselves over. As Americans, we pride ourselves! Now, we (no longer can) take pride. You single out a group of people (for their faith). This is just horrible."

Ironically, he and his son were headed for an Islamophobia conference.

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Stephen Lendman

Promising change after eight Republican dominated years, Obama betrayed the public trust by special favors given business at the expense of essential growing needs.

Spurning them, in fact, he shows contempt for the things he rhetorically supports, proving he's no different from the worst of the bipartisan criminal class, serving wealth and power interests only.

As a result, he backed Wall Street's financial coup d'etat, looted the nation's wealth for them, institutionalized speculation and corporate racketeering, wrecked the economy, and consigned millions to impoverishment without jobs, homes, savings, social services, or futures.

Now more is planned, first announced in a January 18, 2011 Executive Order, (EO) titled, "Improving Regulation and Regulatory Review" to benefit business, no matter the public cost.

On February 7, Obama elaborated in a Chamber of Commerce speech, promising to "remove outdated, unnecessary regulations" to free business more than ever since the roaring twenties to do whatever they damn well please, saying:

"I understand the challenges you face. I understand you are under incredible pressure to cut costs and keep your margins up. I understand the significance of your obligations to your shareholders and the pressures that are created by quarterly reports. I get it."

What he doesn't "get" or give a damn about is growing human need. Instead, he focuses solely corporate bottom line concerns no leader should prioritize over greater ones affecting millions of troubled households during the nation's gravest economic crisis in decades, one he's worsening, not alleviating.

In fact, acting more like one of them than one of us, he discussed various special favors he had in mind, including lowering corporate taxes and "breaking down some of the barriers that stand in the way of your success," eliminating "outdated and unnecessary regulations" to save billions of dollars annually, no matter the incalculable public cost. Dismissively he said:

I've ordered a government-wide review, and if there are rules on the books that are needlessly stifling job creation and economic growth, we will fix them....I've also ordered agencies to find ways to make regulations more flexible for small business," promising to make government as accommodative as possible, giving away the store if there's anything left from the wreckage he already caused.

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Andre Damon
WSWS

The risk of banking is socialized, while the profits are privatized.

The world economy faces the “looming risk of a collapse of the dollar,” together with the dangers of rising commodity prices, continued high unemployment and the risk of sovereign debt default, according to a report published last week by the United Nations.

The report [.pdf], a mid-year update to the 200-page conspectus[*][.pdf] of the world economy issued earlier this year, says that the precipitous fall of the dollar since the start of the new millennium portends the possibility of a destabilization and “crisis of confidence” of the world reserve currency.

The risk of a dollar collapse is just one of the economic pitfalls outlined in the report. The report's headline conclusion on economic growth, which is slightly improved from its earlier estimate, is overshadowed by the risks it outlines to every other aspect of the world economy—from rising food prices, falling living standards, the potential for sovereign debt defaults, and the destabilization of currency systems.

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Paul Craig Roberts
Vdare

Nobel Economist Michael Spence Says Globalism Is Costly For Americans

These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at jobs offshoring and concluded that it has ruined the income and employment prospects for most Americans.

To add to the amazement, their research report, “The Evolving Structure of the American Economy and the Employment Challenge,” was published by the very establishment Council on Foreign Relations.

For a decade I have warned that US corporations, pressed by Wall Street and large retailers such as Wal-Mart, to move offshore their production for US consumer markets, were simultaneously moving offshore US GDP, US tax base, US consumer income, and irreplaceable career opportunities for American citizens.

Among the serious consequences of offshoring are the dismantling of the ladders of upward mobility that made the US an “opportunity society,” an extraordinary worsening of the income distribution, and large trade and federal budget deficits that cannot be closed by normal means. These deficits now threaten the US dollar’s role as world reserve currency.

I was not alone in making these warnings. Dr. Herman Daly, a former World Bank economist and professor at the University of Maryland, Dr. Charles McMillion, a Washington, DC, economic consultant, and Dr. Ralph Gomory, a distinguished mathematician and the world’s best trade theorist, understand that it is strictly impossible for an economy to be moved offshore and for the country with the offshored economy to remain prosperous.

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