Until the Great Crash of 1929, the federal government did little to regulate the power of Wall Street as it precipitated cycles of boom and bust that ruined the lives of many Americans. That history is now being forgotten as Republicans move to dismantle what’s left of the New Deal, says Lawrence Davidson.
From the Archive: As Republicans and the Tea Party seek to dismantle the New Deal’s social contract, one of their heroes, Dick Cheney, concedes that his personal success traces back to the federal government’s intervention against the depredations inflicted on Americans by “free-market” capitalism, writes Robert Parry.
Special Report: A pressing foreign policy question of the U.S. presidential race is whether Israel might exploit this politically delicate time to bomb Iran’s nuclear sites and force President Obama to join the attack or face defeat at the polls, a predicament with similarities to one President Carter faced in 1980, writes Robert Parry.
For decades, the debate about Israeli security has been far more robust in Israel than in the United States. The same holds true today as Israeli opposition leader Shaul Mofaz challenges the government’s bellicose rhetoric on Iran while U.S. politicians and pundits pander or stay silent, notes ex-CIA analyst Paul R. Pillar.
On the 50th anniversary of the bombings of Hiroshima and Nagasaki, historians at the Smithsonian tried to present a truthful accounting of that U.S. decision-making but were stopped by right-wing politicians led by then-House Speaker Newt Gingrich who insisted on maintaining comforting myths, recalls Gary G. Kohls.
Israel’s latest saber-rattling over Iran’s nuclear program may be a pre-election strategy to coerce President Obama into a firm commitment that, if he’s re-elected and if Iran doesn’t destroy its own nuclear “capability,” he will authorize a U.S. military strike next year, writes Gareth Porter for Inter Press Service.
Egypt’s moderate Islamist president, Mohamed Morsi, is picking his way through hot political coals as a new governing system rises from the embers of the old. But his ad hoc constitutionalism is not unprecedented; indeed, it is how the United States was forged, notes ex-CIA analyst Paul R. Pillar.
In picking House Budget Chairman Paul Ryan for the vice presidential slot, Mitt Romney signaled a disinterest in filling his own gap in foreign policy experience – as well as a likely avoidance of international affairs as a major topic in the presidential race, observes ex-CIA analyst Paul R. Pillar.
Exclusive: Mitt Romney and Paul Ryan were quick to assure U.S. seniors that they will be grandfathered in to today’s Medicare – even if younger Americans get stuck with an inferior system – a bet that the selfishness of “greedy geezers” will grease the way to a Republican victory, writes Robert Parry.
Exclusive: As the clock ticks down to the U.S. elections in November, another clock is ticking in Tel Aviv and Jerusalem, whether Israeli forces should exploit the American political timetable to pressure President Obama to support an attack on Iran’s nuclear sites, writes ex-CIA analyst Ray McGovern.