"My job this morning is to be so persuasive...that a light will shine through that window, a beam of light will come down upon you, you will experience an epiphany, and you will suddenly realize that you must go to the polls and vote for Barack," he told a crowd of about 300 Ivy Leaguers--and, by the looks of it, a handful of locals who managed to gain access to what was supposed to be a students-only event.
Glenn Greenwald characterizes Barack Obama's recent terrorism speech as a Rorschach test--something for everyone:
The highly touted speech Obama delivered last week on US terrorism policy was a master class in that technique. If one longed to hear that the end of the "war on terror" is imminent, there are several good passages that will be quite satisfactory. If one wanted to hear that the war will continue indefinitely, perhaps even in expanded form, one could easily have found that. And if one wanted to know that the president who has spent almost five years killing people in multiple countries around the world feels personal "anguish" and moral conflict as he does it, because these issues are so very complicated, this speech will be like a gourmet meal. But whatever else is true, what should be beyond dispute at this point is that Obama's speeches have very little to do with Obama's actions, except to the extent that they often signal what he intends not to do.
What is the Fed good at? Not much, according to Jessie Eisenger of ProPublica:
Investors . . . have almost no confidence in the Federal Reserve or the economics profession. And for good reason. It's impressive that the Fed and many economists have successfully predicted the path of interest rates and inflation in the wake of the worst financial crisis in a generation. But neither the central bank nor academicians managed to predict or prevent the crisis in the first place. The failure dwarfs the accomplishment. The Fed's track record is out-and-out abysmal.The Fed began its lender-of-last-resort role in 2007, but did little to avoid or minimize the financial crisis. Once it hit, it did the right thing to flood the markets with money, but — along with the Treasury and a passive Justice Department — let banks and top executives off the hook. And now, asset prices are going wild. Junk bonds are up. Stocks are up. Housing in Phoenix and Brooklyn is going mad. This prebubble euphoria only undermines the Federal Reserve's fragile credibility. It reinforces the notion that it seems to know only two things: how to inflate bubbles and how to studiously not recognize them.
Glenn Greenwald gathers the evidence for concluding that all (not some, not most) telephone and email communications among Americans are subject to screening by the U.S. Surveillance State.
That no human communications can be allowed to take place without the scrutinizing eye of the US government is indeed the animating principle of the US Surveillance State. Still, this revelation, made in passing on CNN, that every single telephone call made by and among Americans is recorded and stored is something which most people undoubtedly do not know, even if the small group of people who focus on surveillance . . . Some new polling suggests that Americans, even after the Boston attack, are growing increasingly concerned about erosions of civil liberties in the name of Terrorism. Even those people who claim it does not matter instinctively understand the value of personal privacy: they put locks on their bedroom doors and vigilantly safeguard their email passwords. That's why the US government so desperately maintains a wall of secrecy around their surveillance capabilities: because they fear that people will find their behavior unacceptably intrusive and threatening . . .
Glen Greenwald reports that Bradley Manning may not be honored at this year's San Francisco Gay Pride Parade, though corrupt and abusive corporations are welcome:
So apparently, the very high-minded ethical standards of Lisa L Williams and the SF Pride Board apply only to young and powerless Army Privates who engage in an act of conscience against the US war machine, but instantly disappear for large corporations and banks that hand over cash. What we really see here is how the largest and most corrupt corporations own not just the government but also the culture. Even at the San Francisco Gay Pride Parade, once an iconic symbol of cultural dissent and disregard for stifling pieties, nothing can happen that might offend AT&T and the Bank of America. The minute something even a bit deviant takes place (as defined by standards imposed by America's political and corporate class), even the SF Gay Pride Parade must scamper, capitulate, apologize, and take an oath of fealty to their orthodoxies (we adore the military, the state, and your laws). And, as usual, the largest corporate factions are completely exempt from the strictures and standards applied to the marginalized and powerless. Thus, while Bradley Manning is persona non grata at SF Pride, illegal eavesdropping telecoms, scheming banks, and hedge-fund purveryors of the nation's worst right-wing agitprop are more than welcome.
Greenwald also points out the flaw in Ms. Williams' thinking, which is a conflation I often hear, even among many folks who think of themselves as progressive:Equating illegal behavior with ignominious behavior is the defining mentality of an authoritarian - and is particularly notable coming from what was once viewed as a bastion of liberal dissent.And how should one now characterize the Gay Pride parade?
Yet another edgy, interesting, creative, independent event has been degraded and neutered into a meek and subservient ritual that must pay homage to the nation's most powerful entities and at all costs avoid offending them in any way.