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	<title>BTC News: If It Says 'News,' It Must Be True &#187;    Bush Administration</title>
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		<title>The IMF wants me, plus, Iraq Who?</title>
		<link>http://www.btcnews.com/btcnews/4908</link>
		<comments>http://www.btcnews.com/btcnews/4908#comments</comments>
		<pubDate>Fri, 30 Dec 2011 06:56:31 +0000</pubDate>
		<dc:creator>Weldon Berger</dc:creator>
				<category><![CDATA[   Bush Administration]]></category>
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		<guid isPermaLink="false">http://www.btcnews.com/btcnews/?p=4908</guid>
		<description><![CDATA[<p>The latest scam spam in my inbox is a letter from a high-ranking official of the International Monetary Fund telling me to deal only with him in recovering my money from Nigeria. What is it with Nigeria?</p> <p>Okay, so the war in Iraq is over, according to Obama. This is because the Iraqis rejected <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.btcnews.com/btcnews/4908">The IMF wants me, plus, Iraq Who?</a></span>]]></description>
			<content:encoded><![CDATA[<p>The latest scam spam in my inbox is a letter from a high-ranking official of the International Monetary Fund telling me to deal only with him in recovering my money from Nigeria. What is it with Nigeria?</p>
<p>Okay, so the war in Iraq is over, according to Obama. This is because the Iraqis rejected his energetic pleas to let him keep some troops in the country—&#8221;Okay, not 30,000. How about 10,000? 5? 3500? Okay, fine, we&#8217;re leaving, but don&#8217;t blame me if we have to come back in with guns a-blazing &#8230;&#8221;—rather than observing the exit plan humorously agreed upon by the Bush administration.</p>
<p>But even with that we&#8217;re not leaving, not if you count the 16,000-strong crowd manning the murder holes in the State Department&#8217;s gigantic downtown Baghdad bunker. By way of comparison, that&#8217;s almost as many people as staff every other US embassy in the world combined, minus Afghanistan.<br />
<span id="more-4908"></span><br />
US journalists by and large exhibit an astonishing lack of curiosity about the rationale behind the behemoth. Even discounting the enormous <s>mercenary</s> security force, the personnel equivalent of perhaps four Army brigades, the embassy will house roughly double the number of diplomatic (and spy) personnel as the next largest embassy, the swollen one in Kabul. Why? Especially when you consider that it&#8217;ll be years before any of them can leave the embassy without an escort from a bunch of the 10,000 or so <s>mercenaries</s> security folk.</p>
<p>It&#8217;s good that Obama didn&#8217;t simply ignore the agreement and keep as many troops in the country as he wanted. Members of the previous crime family running the government would no doubt have worked harder to find a way around the issue that ultimately scotched the occupation.</p>
<p>It&#8217;s sort of funny, though, that the Iraqi refusal to bow to US wishes and immunize US personnel against local prosecution for war crimes and other breaches of decorum should somehow redound to Obama&#8217;s credit in the eyes of the people who applaud him for getting the troops out. He didn&#8217;t want to end the occupation, and the only reason he did was because he couldn&#8217;t allow US troops to be held accountable for their actions by the people who are ostensibly meant to benefit from our presence, those being &#8220;The Iraqi People,&#8221; as in &#8220;Thanks to the sacrifice of our troops, The Iraqi People have a shot at [insert something that sounds nice here].&#8221;</p>
<p>The end of the occupation doesn&#8217;t mean an end to US military involvement in Iraq, of course. There&#8217;s quite a lusty little arms deal <a href="http://www.nytimes.com/2011/12/29/world/middleeast/us-military-sales-to-iraq-raise-concerns.html?_r=4&#038;hp">in the works</a>, which the US Departments of War and State assure everyone won&#8217;t be used to any nefarious purpose by the various nefarious parties in government. </p>
<p>They know this because there remain 150 US military personnel in the country to monitor how the weapons are used, and they&#8217;ll rat out anybody among the Iraqis who does anything unwholesome with their American weapons. It&#8217;s the same human rights regime we&#8217;ve imposed so successfully upon Israel lo these many years. And the Saudis and so on. </p>
<p>America: Our guns have goodness built right in.</p>
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		<title>The case for invading Iraq: Mitt Romney&#8217;s foreign policy team is on it</title>
		<link>http://www.btcnews.com/btcnews/4699</link>
		<comments>http://www.btcnews.com/btcnews/4699#comments</comments>
		<pubDate>Sat, 15 Oct 2011 09:14:14 +0000</pubDate>
		<dc:creator>Weldon Berger</dc:creator>
				<category><![CDATA[   Bush Administration]]></category>
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		<guid isPermaLink="false">http://www.btcnews.com/btcnews/?p=4699</guid>
		<description><![CDATA[<p>If you were to set out building a fantasy Bad Foreign Policy team, one that could reliably saddle you with the most foul, murderous foreign policy disasters imaginable, the place you would want to start is here, at the Project for a New American Century (PNAC). That&#8217;s what the Bush administration did, staffing their foreign <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.btcnews.com/btcnews/4699">The case for invading Iraq: Mitt Romney&#8217;s foreign policy team is on it</a></span>]]></description>
			<content:encoded><![CDATA[<p>If you were to set out building a fantasy Bad Foreign Policy team, one that could reliably saddle you with the most foul, murderous foreign policy disasters imaginable, the place you would want to start is <a href="http://www.newamericancentury.org/index.html">here</a>, at the Project for a New American Century (PNAC). That&#8217;s what the Bush administration did, staffing their foreign policy and national security establishments with signatories to the now-dormant organization&#8217;s <a href="http://www.newamericancentury.org/statementofprinciples.htm">statement of principles</a>.<br />
<span id="more-4699"></span><br />
Donald Rumsfeld is among the signatories, as is Rumsfeld&#8217;s former top deputy, Paul Wolfowitz. Dick Cheney is another, as is his former top deputy, the convicted felon Lewis &#8220;Scooter&#8221; Libby. Francis &#8220;The End of History&#8221; Fukuyama is there; so is Jeb &#8220;Aw, Geez, George, now I&#8217;ll <em>never</em> get to be president&#8221; Bush. <img class="alignleft size-full wp-image-4704" title="romney rodman" src="http://www.btcnews.com/btcnews/wp-content/uploads/2011/10/romney-rodman.jpg" alt="" width="316" height="475" />And so is 5-time NBA champion, actor, alien and recent Basketball Hall of Fame inductee, Dennis Rodman.</p>
<p>No, wait: Dennis isn&#8217;t <em>that</em> crazy. It was some guy called Peter Rodman, who maybe or maybe not should be dead, but definitely is so.</p>
<p>The other Rodman&#8217;s untimely death explains his absence from the PNAC-powered foreign policy posse that Mitt Romney, the increasingly Gumby-like leader of the GOP presidential pre-primaries, is assembling in apparent anticipation of the 2000 general election.</p>
<p>Eliot Cohen, another PNAC signatory and Bush administration factotum, is all in for Mitt. So is former Bush administration undersecretary of state for democracy, Paula Dobriansky. Robert Kagan, whose family is to neoconservatism as Alec Baldwin&#8217;s is to acting—or would be if all the Baldwins were the awesomely delusional but very modestly-talented Stephen Baldwin—is on board. (Kagan&#8217;s dad, Donald, is the actual PNAC signatory but they keep the crazy in the family.)</p>
<p>Former Minnesota congressman Vin Weber, who embodies the &#8220;not quite rising to the level of overt criminality&#8221; school of legislative conduct, is a PNAC alumnus. (Involuntarily retired Minnesota senator Norm Coleman is not, but does bear the distinction of being the only member of Congress ever to lose to a Saturday Night Live cast member.)  Weber is also a bigfoot lobbyist whose firm has been supporting Pakistan&#8217;s efforts to keep Congress from cutting US military and financial assistance to that country.</p>
<p><a href="http://www.mittromney.com/blogs/mitts-view/2011/10/mitt-romney-announces-foreign-policy-and-national-security-advisory-team">The Romney list</a> is simply a rogues gallery. Whoever wasn&#8217;t intimately involved in plotting and marketing the most stupid and destructive foreign policy adventure in US history was cheering it or profiting from it or both. The only significant names one doesn&#8217;t find on it are those who, like John Bolton, probably see Romney as irreparably weak-kneed on diplomacy and defense.</p>
<p>Among the more peculiar choices to fill out the team is Dan Senor, the one-time spokesman for the Coalition Provisional Authority, which for those of you who weren&#8217;t paying attention at the time is what the US occupation government in Iraq was called. Senor managed a seamless transition from the coruscating narratives created by <a href="http://en.wikipedia.org/wiki/Muhammad_Saeed_al-Sahhaf">Baghdad Bob</a>, Saddam&#8217;s spokesman during the invasion, to his own less dazzling but equally fictional descriptions of post-invasion success.</p>
<p>Norm Coleman may qualify as the most bewildering member. Not only isn&#8217;t he a PNAC graduate; a quick glance at his CV seems to indicate that his only significant foreign policy experience derives from his successful mayoral quest to establish a new National Hockey League franchise in St. Paul, an endeavor necessarily involving diplomatic relations with stick-wielding and sometimes ill-tempered Russians and Canadians. If there is such a thing as an ill-tempered Canadian. Rex?</p>
<p>There are the Michaels Chertoff and Hayden, the former a proud father of the PATRIOT Act and the Bureau of Internal Security and now, the proprietor of the Chertoff Group; the latter, the longest serving head of the National Security Agency, with a minor in CIA and now, a partner in the Chertoff Group. Ever feel like you&#8217;re being watched? It&#8217;s probably the two of them.</p>
<p>Dov Zackheim was embedded in the Pentagon in one manner or another for nigh on 30 years. As a Rumsfeld deputy for Pentagon planning he helped develop the strategies for occupying Iraq and Afghanistan. Promoted to Pentagon comptroller, he oversaw the disappearance of billions in shrink-wrapped pallets loaded with hundred dollar bills during the Iraq occupation and then abruptly resigned a year after the invasion; he is of course another PNAC veteran. He has written <a href="http://www.brookings.edu/press/Books/2011/avulcanstale.aspx">a book</a> called &#8220;It Wasn&#8217;t My Fault: How Other People in the Bush Administration Fucked Everything Up.&#8221;</p>
<p>It&#8217;s an impressive group. The people in it who fucked up did so in the biggest possible ways, and the ones who executed their responsibilities well are probably worse.</p>
<p>And here we are apparently on the cusp of another Iraq crisis. A heroically corrupt state just this side of failed, Iraq&#8217;s government is joining with Iran&#8217;s in helping Syria&#8217;s to weather that country&#8217;s belated Spring, and the two have negotiated a number of mutual trade and assistance pacts during the past several years.</p>
<p>There is as yet no official word on whether or not the current Iraqi government is a party to the recently discovered &#8220;plot&#8221; by &#8220;Iran&#8221; to assassinate a Saudi diplomat in the US through the good offices of a Mexican drug cartel, which was inexplicably willing to bring its operations forcefully front and center to every US law enforcement and intelligence agency for the sake of about 12 hours worth of profit.</p>
<p>Given the pedigrees of the Romney foreign policy team members, though, job the second on their to do list, after nuking Iran, will be the invasion of Iraq and the installation of a pro-US government.</p>
<p>Because one simply can&#8217;t be too careful.</p>
<p>Paging Ahmed Chalabi. Dr. Ahmed Chalabi to the white courtesy phone please &#8230;</p>
<p>Thanks to the ever vigilant <a href="http://mbouffant.blogspot.com/">Malignant Bouffant</a> for tipping me to the caper.</p>
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		<title>If you really loved America, you would have died on 9/11</title>
		<link>http://www.btcnews.com/btcnews/4515</link>
		<comments>http://www.btcnews.com/btcnews/4515#comments</comments>
		<pubDate>Mon, 19 Sep 2011 01:22:20 +0000</pubDate>
		<dc:creator>Weldon Berger</dc:creator>
				<category><![CDATA[   Afghanistan]]></category>
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		<description><![CDATA[<p>All of your woes can be traced to that one moment of missed opportunity.</p> <p>President Obama said the day of the 9/11 anniversary that in the decade following the 9/11 attacks, Americans have preserved our values and our character. He&#8217;s right. America&#8217;s history is of a whiny, over-privileged, self-aggrandizing and self-victimizing bully, and the <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.btcnews.com/btcnews/4515">If you really loved America, you would have died on 9/11</a></span>]]></description>
			<content:encoded><![CDATA[<p>All of your woes can be traced to that one moment of missed opportunity.</p>
<p><a href="http://www.whitehouse.gov/the-press-office/2011/09/11/remarks-president-concert-hope" target="_blank">President Obama said</a> the day of the 9/11 anniversary that in the decade following the 9/11 attacks, Americans have preserved our values and our character. He&#8217;s right. America&#8217;s history is of a whiny, over-privileged, self-aggrandizing and self-victimizing bully, and the decade since 9/11 has been clarifying.<br />
<span id="more-4515"></span><br />
Of course that&#8217;s not what Obama meant. He meant that appearances to the contrary, America is not a nation of torturers, bullies, shrieking cowards and bomb-flinging xenophobes.  Not a nation that glorifies the work ethic while scorning the worker. Not a nation that worships the wealthy and demonizes the poor. Not a nation that saves its banks and leaves its ordinary citizens to fend for themselves in an economic wasteland.</p>
<p>I was living in Hawaii, 5000 miles from New York City, when the planes flew into the towers. Hawaii, even Honolulu, often seems to have little connection with the United States—more like a self-governing colony, possibly a dependent, but not a state. Most of the people I talked to about the attacks on the day and in subsequent weeks regarded them as horrifying and tragic but not as an assault upon themselves as citizens.</p>
<p>It was a distant disaster. Not so for everyone, of course, but for a lot of people. I remember reading a letter to the editor of the Honolulu Star-Bulletin from a woman, I think from Michigan, who had been forced to overstay her Hawaii vacation while the flights were grounded. She was resentful because so many businesses in Waikiki weren&#8217;t flying American flags in the tragedy&#8217;s wake.</p>
<p>Maybe that&#8217;s a product of Hawaii&#8217;s history, with barely more than a century passed since the forcible US annexation of the country, and less than a half century passed since statehood. Maybe it&#8217;s the prime chunks of real estate still occupied by the US military, who were, in even more recent memory, using a historically and religiously significant island for target practice.</p>
<p>The idea that the attacks were a response to US behavior seemed immediately plausible in a place where US behavior had recently been considerably less than ideal. Empires breed resistance; the difference between the US empire and ones that preceded it is that ours exists in a day when attacking the imperium on its home ground is relatively easy.</p>
<p>A few years ago, New York Times resident moron Tom Friedman allowed as how Americans had collectively gone nuts after 9/11. Certainly he did, and a lot of other people did, but not everyone. Anyone who didn&#8217;t go nuts, though, and went public with their sanity, could count on being scorned and marginalized and bullied by the hysterics and cowards who came into their own on that day.</p>
<p>God has taken center stage. The first words Obama spoke at the ceremony were a fragmentary quote from  Psalms: &#8220;The Bible tells us &#8212; “weeping may endure for a night, but joy cometh in the morning.”</p>
<p>The full line is &#8220;For his anger endureth but a moment; in His favor is life: weeping may endure for a night, but joy cometh in the morning.&#8221; Linking 9/11 to God&#8217;s wrath is something one might, a few years ago, have expected more from Jerry Falwell or Pat Robertson and less from Barack Obama. But here we are. </p>
<p>Obama closed his speech as he began it, reprising the quote from Psalms and saying, &#8220;With a just God as our guide, let us honor those who have been lost, let us rededicate ourselves to the ideals that define our nation, and let us look to the future with hearts full of hope.&#8221;</p>
<p>Obama is not a careless orator, or a thoughtless one. Bookending the speech with quotes from the Bible, ending it with a shoutout to God as the guide for our nation, wasn&#8217;t an accident. It was an homage to the fundamentalist conception of a Christian nation, and it&#8217;s the last thing anyone listening, of any religion or none, should have wanted to hear.</p>
<p>But here we are. </p>
<p>If 9/11 was, as so many people wish it to have been, the fuel for this country&#8217;s terrible beauty, then let&#8217;s mark it as that. Let&#8217;s make a monument of an endless loop of the towers standing on that clear day and then hit and then tumbling down upon the dead, and sell tickets so the fools who wish for some sort of glory arising from the day can fling themselves on the eternally smoldering rubble and hope that their deaths may one day precipitate the same kind of homicidal desperation among the people whose fears and anger matter in this land.</p>
<p>Thank you, good night and God bless this Blog.</p>
<p><center>~~~~~~~~~~~~~~~</center></p>
<p>Updated 9/24 to resolve a point of theological distinction: originally I described the opening line as including a quote from a Christian psalm.</p>
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		<title>President Obama blames bank policy failures on President Geithner</title>
		<link>http://www.btcnews.com/btcnews/4527</link>
		<comments>http://www.btcnews.com/btcnews/4527#comments</comments>
		<pubDate>Sat, 17 Sep 2011 19:39:08 +0000</pubDate>
		<dc:creator>Weldon Berger</dc:creator>
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		<description><![CDATA[<p>The perils of a co-presidency become plain.</p> <p>Ron Suskind, the journalist and author who introduced the world to the phrase &#8220;reality-based community,&#8221; has a new book out about the Obama administration&#8217;s handling of our ongoing Troubles. The Associated Press acquired a copy of it and, somewhat peculiarly, gave it to their ace entertainment reporter, <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.btcnews.com/btcnews/4527">President Obama blames bank policy failures on President Geithner</a></span>]]></description>
			<content:encoded><![CDATA[<p>The perils of a co-presidency become plain.<span id="more-4527"></span></p>
<p>Ron Suskind, the journalist and author who introduced the world to the phrase &#8220;reality-based community,&#8221; has a new book out about the Obama administration&#8217;s handling of our ongoing Troubles. The Associated Press acquired a copy of it and, somewhat peculiarly, gave it to their ace entertainment reporter, Anthony McCartney, for <a href="http://www.google.com/hostednews/ap/article/ALeqM5hRQmWzUf9KNzjifi8dsrmn8odO7w?docId=8521f6973037431eb08d6dbc10ab89a8">an initial review</a>. McCartney nails the lead.</p>
<blockquote><p>A new book offering an insider&#8217;s account of the White House&#8217;s response to the financial crisis says that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama calling for reconstruction of major banks.<br />
&#8230;<br />
The book states Geithner and the Treasury Department ignored a March 2009 order to consider dissolving banking giant Citigroup while continuing stress tests on banks, which were burdened with toxic mortgage assets.</p>
<p>In the book, <strong>Obama does not deny Suskind&#8217;s account, but does not reveal what he told Geithner when he found out. &#8220;Agitated may be too strong a word,&#8221; Suskind quotes Obama as saying.</strong> Obama says later in the book that he was trying to be decisive but &#8220;the speed with which the bureaucracy could exercise my decision was slower than I wanted.&#8221;
</p></blockquote>
<p>Let&#8217;s break this story down a bit.</p>
<blockquote><p><strong>Obama</strong>: Tim, I want you to look at busting up a giant bank for me.</p>
<p><strong>Geithner</strong>: No.</p>
<p><strong>Obama</strong>: Alrighty then. Moving on to our next item &#8230;</p></blockquote>
<p>Lots of people are saying this is just another measure of Obama&#8217;s weakness, but I&#8217;m thinking it&#8217;s just another measure of the extent to which Obama gets the results he wants while his supporters get to blame those results on some object of their scorn. &#8220;Oh, SNAP! The president was sabotaged by his then-new but still-employed-three-years-later treasury secretary!&#8221; </p>
<p>The outrage is thundering down the plains as we speak. I can feel it in my bones.</p>
<p>Obama came into office as a Wall Street creature. His economic advisers were mostly drawn from the banking world. His chief of staff, Rahm Emanuel, made $16 million in two years as an investment banker and is <a href="http://www.opensecrets.org/news/2008/11/obamas-pick-for-chief-of-staff.html">a favorite son</a> of the financial sector. His first chief economic adviser, Larry Summers, opposes government involvement in health care, helped repeal the depression-era Glass-Steagall law that outlawed banks from insane financial speculations for more than six decades, and was a disciple of Robert Rubin&mdash;another big gun in the  Glass-Steagall assassination, a former Goldman Sachs board chairman and Citigroup CEO, and former Clinton treasury secretary. And his treasury secretary, Geithner, a Rubin and Summers protégé, had turned two blind eyes to our impending doom when he ran the New York federal reserve bank. </p>
<p>In other words, the banks and Wall Street have been managing economic and financial policy for the current administration since before it was the current administration. Obama hired these guys. One assumes he had his reasons, just as the banks had theirs for <a href="http://www.opensecrets.org/pres08/select.php?ind=F07">supporting his campaign</a>.</p>
<p>This isn&#8217;t to say that Obama wants the economy to suck and Wall Street to reign supreme and untouchable. He doesn&#8217;t want the economy to suck. </p>
<p>Not, mind you, that the banksters didn&#8217;t have considerably more than a finger in the Bush administration&#8217;s pie; only that things didn&#8217;t get any more subtle come January of 2009.</p>
<p>Bonus irony: Obama describes himself as a policy wonk. Maybe that&#8217;s true. But the men and policies he chose to fix the mess he inherited are prominent among the creators of it. Maybe he should try wonking a little farther from home.</p>
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		<title>Time, God and a billion in the bank: Why Obama&#8217;s prospects aren&#8217;t so bad</title>
		<link>http://www.btcnews.com/btcnews/4416</link>
		<comments>http://www.btcnews.com/btcnews/4416#comments</comments>
		<pubDate>Thu, 25 Aug 2011 23:52:46 +0000</pubDate>
		<dc:creator>Weldon Berger</dc:creator>
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		<guid isPermaLink="false">http://www.btcnews.com/btcnews/?p=4416</guid>
		<description><![CDATA[<p>Barack Obama has two huge disadvantages going into the 2012 election: The economy and the economy. He also has two huge advantages: The Republicans and the Republicans. Despite the administration&#8217;s addiction to neoliberal crack, economic conditions could, possibly, in a perfect world, by accident, improve before the election; the Republicans can&#8217;t, and they&#8217;re what&#8217;s <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.btcnews.com/btcnews/4416">Time, God and a billion in the bank: Why Obama&#8217;s prospects aren&#8217;t so bad</a></span>]]></description>
			<content:encoded><![CDATA[<p>Barack Obama has two huge disadvantages going into the 2012 election: The economy and the economy. He also has two huge advantages: The Republicans and the Republicans. Despite the administration&#8217;s addiction to neoliberal crack, economic conditions could, possibly, in a perfect world, by accident, improve before the election; the Republicans can&#8217;t, and they&#8217;re what&#8217;s driving the Obama fundraising machine so far.</p>
<p>Make that three advantages: Few of his potential supporters seem to care much about his militarism&mdash;imagine the infuriated cries of liberals had George Bush been the president who decided to exclude the (no doubt furiously protested) bombing of Libya, and hence future air campaigns against whichever states are pissing him off, from Congressional oversight the way Obama did&mdash;or his national security excesses, or his refusal to prosecute even publicly confessed war criminals, or that he claims the right to execute Americans without due process. Turns out Democrats aren&#8217;t much different than Republicans when it comes to forgiving the hypocrisies and sins of their own. So all is well on that front.<br />
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Democratic fundraisers will clear between $300 million and $400 million by the end of the year in combined donations to Obama&#8217;s campaign and the Democratic National Committee. First quarter contributions to the campaign were good, although not great&mdash;the campaign started fundraising in April, so their first quarter is the calendar&#8217;s second quarter&mdash;but much of that money came in before Republicans started talking up the virtues of defaulting on the national debt. You can bet administration backers have been burning up the hot line to Wall Street since then, asking, &#8220;Do you really want <em>those</em> yahoos running <em>your</em> economy?&#8221; Some big money men will say, &#8220;Sure, they&#8217;re just kidding anyway,&#8221; but many others will say, &#8220;Better the yahoo we know &#8230;&#8221;</p>
<p>As they did in 2007-2008, Obama campaign officials are bragging about their principled refusal to take money from lobbyists or political action committees. And as in 2007-2008, they&#8217;re happy to take money from people who use lobbyists, or who are married to them, or who run the firms that provide them, or who work at those firms in capacities other than lobbying. </p>
<p>Despite the incessant whinging from banksters and Wall Street types about Obama&#8217;s harsh words toward their ilk, financial industry bundlers&mdash;fund raisers who collect at least $50,000 in individual contributions and write a single check to the campaign&mdash;raised $11 million for Obama, just shy of a third of his $35 million in bundled contributions. Nearly two thirds of the $11 million came from securities and investment firms. They may not all especially like Obama, but they see that big old butter-laden knife in his hands; witness the administration&#8217;s current attempt to geld New York attorney general Eric Scheiderman, whose determination to thoroughly investigate the behavior of criminal banking institutions got him kicked out of the White House-led group charged with negotiating a relative wrist slap for the big banks.</p>
<p>Heavyweights like Jon Corzine&mdash;former Goldman Sachs CEO, former US Senator and current CEO of derivatives monger WF Global&mdash;and Robert Rubin&mdash;former Goldman Sachs and Citigroup CEO, former US treasury secretary, and always and forever one of the <a href="http://www.commondreams.org/view/2009/11/12-8">most dramatically incendiary assholes</a> behind the deregulatory frenzy that helped wreck the economy&mdash;both raised more than $500,000 each, as did 25 more bundlers from the financial and other vaporware sectors euphemistically described as industries. (Corzine recently hit the news through a <a href="http://www.bloomberg.com/news/2011-08-02/corzine-covenant-in-mf-global-s-offering-strains-credulity-on-wall-street.html">gob-smacking arrangement</a> his company made with investors: If he gets a job from Obama, the investors earn more interest on WF Global bonds.)</p>
<p>There is, then, plenty of money to be had from the usual suspects.</p>
<p>The Republican primaries are shaping up to offer more than the usual hilarity, along with myriad other Obama fundraising opportunities. Texas governor Rick Perry has more or less accused Federal Reserve chairman Ben Bernanke of treason and has threatened him with physical harm should Bernanke show his face in Texas. (Perry has previously declared his state&#8217;s right to secede from the United States, but that apparently isn&#8217;t treason.) Both he and Michelle Bachmann are more or less openly copulating with wealthy Christian theocrats. Those are the sorts of things that inspire potential Obama contributors, even wholly disillusioned ones, to pony up, and they&#8217;re the sorts of things that bored politics reporters will eventually get around to reporting. Possibly.</p>
<p>The specter of Rick Perry running in the general election has struck down Bush family factotum Karl Rove with the vapors. Rove describes Perry as an idiot and is publicly longing for someone who is neither obviously crazed nor a Mormon nor Ron Paul nor a theocrat to enter the race. Although time is running out, Rove may yet end up buying such a candidate&#8217;s participation with promises of indirect money from his &#8220;American Crossroads&#8221; corporate slush fund. </p>
<p>That would mean diverting some of the group&#8217;s money to fund issue ads and organizing efforts aimed at undermining other Republicans during the primaries in addition to attacking Obama particularly and Democrats generally, but Rove and other squeamish Republican kneecappers may think it necessary to get a real shot at toppling the president. </p>
<p><a href="http://www.politickerny.com/2011/08/24/peeking-at-george-patakis-presidential-campaign-site/">Calling George Pataki</a>? Now there&#8217;s a scintillating candidate.</p>
<p>Obama campaign officials deny reports that their fundraising target for the campaign is a billion dollars. Reaching that amount seems feasible, though; what Obama has lost by way of frustration among Democrats, he has gained back by way of Republican performance art. An incumbent president with a billion dollar bankroll will be tough to beat even in next year&#8217;s prospectively dreadful environment, and even up against the hundreds of millions that the mouthy corporate citizens on the right will be throwing at him. The decisive factor will probably be whether he decides to campaign as a Democrat or the ruthlessly post-partisan independent he apparently believes himself to be.</p>
<p>Democrats won&#8217;t have all that much to celebrate should Obama prevail. Their party will be effectively leaderless; the president will escalate his push toward International Monetary Fund-style austerity, including cuts to social insurance programs. Encouraged by his success in defenestrating the War Powers Act, and by the relatively small tab for installing the Gadaffi government, minus Gadaffi, in Libya, the president will probably find other opportunities for war by presidential fiat. And absent a victory in the House of Brobdingnagian proportions, most congressional Democrats will continue to view themselves as constrained from openly opposing him. Comme ci comme ça.</p>
<p>Nevertheless, we leave you with the Tammany Hall war cry: Vote early, and vote often.</p>
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