The Struggle For The Labor Party In The United States-American Trotskyist Leader James P.Cannon-"The Meaning Of Minneapolis" (Minneapolis General Strike-1934)

Click on the headline to link to a James P. Cannon Internet Archives online copy of The Meaning Of Minneapolis(Minneapolis General Strike-1934)

Markin comment on this series:

Obviously, for a Marxist, the question of working class political power is central to the possibilities for the main thrust of his or her politics- the quest for that socialist revolution that initiates the socialist reconstruction of society. But working class politics, no less than any other kinds of political expressions has to take an organization form, a disciplined organizational form in the end, but organization nevertheless. In that sense every Marxist worth his or her salt, from individual labor militants to leagues, tendencies, and whatever other formations are out there these days on the left, struggles to built a revolutionary labor party, a Bolshevik-style party.

Glaringly, in the United States there is no such party, nor even a politically independent reformist labor party, as exists in Great Britain. And no, the Democratic Party, imperialist commander-in-chief Obama's Democratic Party is not a labor party. Although plenty of people believe it is an adequate substitute, including some avowed socialists. But they are just flat-out wrong. This series is thus predicated on providing information about, analysis of, and acting as a spur to a close look at the history of the labor party question in America by those who have actually attempted to create one, or at to propagandize for one.

As usual, I will start this series with the work of the International Communist League/Spartacist League/U.S. as I have been mining their archival materials of late. I am most familiar with the history of their work on this question, although on this question the Socialist Workers Party's efforts run a close second, especially in their revolutionary period. Lastly, and most importantly, I am comfortable starting with the ICL/SL efforts on the labor party question since after having reviewed in this space in previous series their G.I. work and youth work (Campus Spartacist and the Revolutionary Marxist Caucus Newsletter inside SDS) I noted that throughout their history they have consistently called for the creation of such a party in the various social arenas in which they have worked. Other organizational and independent efforts, most notably by the Socialist Workers Party and the American Communist Party will follow.

Victory To The Verizon Workers!- All Out In Support Of The Communcation Workers Of America (CWA) And International Brotherhood Of Electrical Workers (IBEW)!- Labor Needs A Victory Here Now!-Defend The Picket Lines At All Costs!

Click on the headline to link to the Communication Workers Of America website for the latest in their strike action against "fat cat" Verizon.

Markin comment:

The issues: wages, health care, conditions of work, pensions and out-sourcing a now familiar litany of things that used to be negotiated without much muse or fuse but now entail a "cold" civil war in the class struggle. We need a win here, especially after the last few years. Victory to the Verizon workers! All out in solidarity with the Verizon workers! In the Northeast walk the pickets lines in solidarity!
****
Thurday August 11, 2011 update

Verizon is threatening to take legal action against its unions (CWA, IBEW) in Massachusetts for allegedly blocking access to their sites and "harassing" scabs and others trying to enter workplaces. B.S.- Picket Lines Mean Don't Cross- Defend The Picket Lines At All Costs!

an injury to one is an injury to all, international working class solidarity, outsourcing, pensions, PICKET LINES MEAN DON'T CROSS, union organizing, wages

The Struggle For The Labor Party In The United States-American Trotskyist Leader James P.Cannon-"Learn From Minneapolis" (The Minneapolis General Strike-1934)

Click on the headline to link to a James P. Cannon Internet Archives online copy of Learn From Minneapolis

Markin comment on this series:

Obviously, for a Marxist, the question of working class political power is central to the possibilities for the main thrust of his or her politics- the quest for that socialist revolution that initiates the socialist reconstruction of society. But working class politics, no less than any other kinds of political expressions has to take an organization form, a disciplined organizational form in the end, but organization nevertheless. In that sense every Marxist worth his or her salt, from individual labor militants to leagues, tendencies, and whatever other formations are out there these days on the left, struggles to built a revolutionary labor party, a Bolshevik-style party.

Glaringly, in the United States there is no such party, nor even a politically independent reformist labor party, as exists in Great Britain. And no, the Democratic Party, imperialist commander-in-chief Obama's Democratic Party is not a labor party. Although plenty of people believe it is an adequate substitute, including some avowed socialists. But they are just flat-out wrong. This series is thus predicated on providing information about, analysis of, and acting as a spur to a close look at the history of the labor party question in America by those who have actually attempted to create one, or at to propagandize for one.

As usual, I will start this series with the work of the International Communist League/Spartacist League/U.S. as I have been mining their archival materials of late. I am most familiar with the history of their work on this question, although on this question the Socialist Workers Party's efforts run a close second, especially in their revolutionary period. Lastly, and most importantly, I am comfortable starting with the ICL/SL efforts on the labor party question since after having reviewed in this space in previous series their G.I. work and youth work (Campus Spartacist and the Revolutionary Marxist Caucus Newsletter inside SDS) I noted that throughout their history they have consistently called for the creation of such a party in the various social arenas in which they have worked. Other organizational and independent efforts, most notably by the Socialist Workers Party and the American Communist Party will follow.

Put Your Mother’s Dancing Slippers On- Once Again On The Songs That Got Us Through World War II

Click on the headline to link to a YouTube film clip of Vaughn Monroe performing There I've Said It Again. Yes, I know with an introduction by Ronald Reagan. Yadda Yadda.

CD Review


Songs That Got Us Through World War II, Volume 2, various artists, Rhino Records, 1994

There I’ve Said It Again, came wafting through the halls from another ballroom as Sally Madigan began to sit down at her table after having danced to her favorite dance, and almost naturally so, Mustang Sally. Strange juxtaposition, strange times she thought to herself. Just a bunch of years ago, a bunch of childhood 1950s years ago, she would do her own swoon, almost swelling to tears, just like her mother, sweet mother, Delores, when that deep bass voice of Vaughn Monroe came over WJDA, the local radio station in Clintondale that feature songs of the 1940s, the war-torn and separated 1940s, her mother’s time, and surely her father’s too. And now it just sounded, well, old-fashioned, old hat, and old fogy. Hell, now the be-bop rock 1950s that she craved sounded that way too. But that is a story for another time, a time of boy-finding and finding out about being a girl.

Strange that just that song, and now what sounded like the strains of Sentimental Journey starting up, heard more clearly now that the Lazy Crazy and the Rocking Ramrods were taking a break after finishing that last set with as sweat-poring, handkerchief wet rendition of Sally, are in the air. Strange since only a couple of weeks ago as Sally packed up her belongings from her room so that her younger sister, Meg, could move up in the Madigan girls' room pecking order and move in she had been flashed back to that same 1940s time. She was packing her belongings, sorting out what she was taking to State University and what she was storing, her other valuables and mementos like Timmy the Bear that just could not be parted with, down in the cellar.

In the cellar she had come across her mother’s wrapped in seven layers of plastic dancing slippers, or what was labeled as such by her label-happy mother. And a few Brownie-camera taken photographs, faded brown now, of her younger days mother, escorted by various beaus, some in uniform others not. But none of her mother with her father. And every picture had a note written in fountain pen, or what looked like fountain pen ink, thicker and more squiggly than Bics, that read something like this one- “to Delores Taylor, the rose of the Class of 1943 and the best slow dancer around. Love and kisses, Zack.”

Those finds had gotten Sally thinking about what those things meant, as they did now, as Caldonia came be-bopping through those halls and that distinctive Woody Herman flute reached for the high white note. Funny, she found herself toe-tapping to that sound, as were others around her, even though everybody agreed, agreed totally, that that was nothing but mothers and fathers music when she mentioned the name of the song. And Sally was thinking hard about the fact that her mother never danced, never mentioned dancing, and never mentioned any of the facts behind all that WJDA music that had practically mesmerized her in the 1950s. And if that was true of her mother then it was ten times more true about her father, Jim, who for the past several years had been a blur in her life, both because he did not understand how in the world he produced five girls and no boys. Although he repeated emphasized that he loved them all dearly when pushed on the subject and he had taken to spending more time with his old-time war buddy cronies and some younger guys as Timmy’s Irish Pub over near the softball field in North Clintondale. All she knew about those times was that Jim had a fist full of medals on a uniform that was also laid out in seven layers of plastic down in the cellar, and that was it.

Sally mentioned that fact to her escort, yes, escort, not boyfriend, okay, Johnny Rizzo, a fellow freshmen she had met her first day at State at orientation and whom she immediately liked. He invited her to this first Freshman Mixer and she accepted. He noted that his own parents never talked about those war days, although they did not play the old-timey music so maybe they just wanted to forget. That opinion was shared, mostly, by the other three couples at the table, at least between the cooings being made by those couples. And as When My Man Comes Home started to get competition from Lazy Crazy warming up to the Kingmen’s Louey, Louey Sally was determined to fill in the lost years. Just then Johnny asked her to dance, and as her feet were feeling too hot she slipped off her own dancing slippers before heading to the dance floor.

Note: Sally did find out, or partially find out, what happened back in those days and to make a long story short, There I’ve Said It Again was the “their” song for Delores and Zack, Zack Smith. Zack was killed, like too many boys, at Anzio (Italy) and Delores had married Jim Madigan, war hero and alive, on the “rebound.” Jim never said anything about it, that was Jim’s way, but he never danced with Delores either.

The Stuff Of Dreams- Harry Madden, “The Grifter,” R.I.P.

“Hey, Peter Paul, long time no see,” yelled Harry Madden, seemingly forever known as “The Grifter” in North Adamsville childhood lore, from across Commonwealth Avenue near Kenmore Square, or better for those who do not know Boston, near Fenway Park, the home of the Red Sox, on a hot summer’s day in 1967. Peter Paul Markin, a little high and in a funk thinking about his latest also seemingly endless problems with Joyell, took a couple flashes to recognized the Grifter, not having seen him in a couple of years. A couple of youth-changing 1960s years so that the Grifter’s eternal sharkskin suit, white shirt, thin, really almost stringy brown tie, and pattern leather black shoes, shined to a mirror look see, short 1950s style hair, short, with no facial hair showing anywhere, seemed strange in the new faded blue jeans, ratty tee-shirt, long-haired, bearded, scraggly or not, hard rock night.

What was not strange was the Grifter’s request, or rather demand, as he crossed the street and met up with Peter Paul, “Markin, lend me a hundred dollars, I’ve got a hot deal, a hot grass (marijuana, for the innocent, or unworldly) deal going down coming in straight from Mexico where I can make a score, a big score, and be on easy street, finally on easy street just like I said I would be back in those North Adamsville days when we dreamed our dreams. I‘ll pay you back double, hey, why don’t you give me two hundred and we can be partners and split down the right down the middle.”

Markin, warily and wearily in equal parts, replied quickly that he did not have two hundred dollars but that he could see his way clear to lending the hundred, for old times sake, and because, frankly, although not every word of their conversation is being restated here, the Grifter held a spell over the usually rational Markin, and everybody else whom he had ever encountered for more than two minutes. That was the Grifter’s charm, and his claim to North Adamsville fame. So the pair made their way a few blocks over to Markin’s tiny student ghetto apartment on Westland Avenue to get the money, share a little something for the head(that aforementioned grass, okay) from Markin’s stash, and talk over old times. That was the last time Markin saw Harry Madden, blessed childhood Harry Madden, alive.

Who knows when Harry became the Grifter. Maybe it was when they, along with a couple of other Adamsville South Elementary School classmates, decided that they would sell Kool-Aid one hot summer’s day in the early 1950s, Markin was not exactly sure of the year but it was when they were very young, in order to raise enough of a stake to go down to Carter’s Variety Store and load up on penny candy. Penny candy being the po’ boy’s (and girl’s too) way of satisfying their sweet tooth by buying it by the piece. Things like tootsie rolls, necco wafers, mary janes (no, not dope), chunkies, and so on. Stuff that dear mothers would not throw by the bagful into shopping carts on shopping days.

Well, the boys set up the Kool-Aid stand without much of a problem, using an old wooden crate for a stand, placing cups, and pitchers of Orange and Grape Kool-Aid on display for thirsty customers to dare to walk by at two cents a glass. And that day was a very hot one, and the neighborhood kids had a great thirst, a great thirst for those pitchers of Kool-Aid coming off the playing fields behind the old school. Harry, and he was just Harry then, came up with the bright idea that they could increase their profits and make enough money to get ice cream cones rather than just cheapjack penny candy if they added water, and, well, really just diluted the product a little. And that night, as they licked their chocolate, strawberry or vanilla cones amid satisfied chuckles, Harry had a band of brother that would follow him through hell.

Maybe it was when the band of brothers was twelve, perhaps thirteen, Markin again was not sure, when Harry, now already called the Grifter, came up with the idea that they should pool their lunch money together and buy a lottery ticket. And to hear the Grifter give his spiel they would thereafter all be on easy street, and maybe have so much money that they could leave dreary old school for the has-beens (the Grifter’s term for anybody who did not get in on one his schemes, without questions). Sold, idea sold as usual, when the Grifter put on the press for one of his “hot” ideas.

And the idea was sold solidly when they “hit,” for twenty dollars a few days later. What the others, Markin included, did not know was that the Grifter had just said they had made that hit, what after all did they know of lotteries except as the road to easy street. The Grifter had used his own money as the first prize, and all the later funds collected from his boys that whole school year went into his pocket for his real scheme- working some shell game that he lost the money on when a couple of rough customers stole his dough after telling him the facts of life. The facts of life being in this case that Lefty Looney held the exclusive rights to who and who did not promote shell games in Adamsville. It was only by accident that one of the band, Bizarre Benny not Markin, found out from a cousin the details of the Grifter’s game, having lost a few bucks at it.

Or maybe it was just from the womb that the Grifter had some gene, some grifter X or Y or G gene, embedded in his life system that made him an such an easy mark for the lure of easy street, for the bright lights of “being somebody,” some easy way somebody. In any case, in the end it was not pretty, as Markin heard the story a couple of years after that Kenmore Square chance meeting (or was it), while the Grifter’s friends and family were standing around the funeral home talking about his various schemes over the years, and about how he could have been somebody, somebody no question, if he had spent just a little less time worrying about easy street.

Apparently Harry, Markin says let’s call him Harry now at least to show a little respect for what he could have been and to kind of wash the grifter thing away from his memory, actually did use Markin’s hundred dollars to finance a wholesale drug purchase (marijuana, ganja, herb, weed, whatever you may have called it then, or call it now), sold the stuff on the street, making enough of a profit to make a bigger purchase, and more profit. Things looked very much like easy street just then. And in those early days selling dope to students, young working class kids, and even adults who hated their day jobs was as easy as hanging around the Boston Common, whispering a few words, and having people flock to you like lemmings to the sea. Especially if you had the good stuff, stuff like Acapulco Gold and Columbian Red, and Harry had it.

Then, as usual, Harry had to go one step beyond, although if you follow a certain logic Harry’s idea was not that crazy, starting out anyway. See the streets were okay for a while, but the legal questions, the surfeit of dealers and the decline of quality was killing the street market, or driving it indoors. Harry, sensing this, decided that he would take his tidy profits and buy into distributorship, a free lance distributorship. In short, sell to the street dealers and go indoors himself. And for a while he was again successful but the two things happened. The drug cartels at the higher levels were squeezing the Harrys out and putting their own people in the distribution system, and were moreover beginning to push high profit cocaine more than weed, and the profit margins at Harry’s level for the good stuff (that Gold and Red) were declining. Harry could daily see himself sinking, sinking back into Adamsville oblivion.

Harry though was never short of ideas, especially ideas on the fly. Harry came up with an idea, actually two inter-related ideas. First, to raise more capital he would cut his dope, cut it with oregano, twigs, whatever, to his street dealers. Second, he would, cut through the system and bring his own dope out of Mexico. Now cutting dope was generally something street punks did, did for the weekend “hippies” who were glad, glad as hell, to even have the idea, the essence of dope. However for a distributor this was poison. Now a lot of people have the image that your average street dealer, dealing out of his or her pocket, is just a mellow head spreading the good news.

But see Harry was dealing with street dealers from the ghetto and barrio then and cutting product on them was well, death. And before long Harry was forced to leave town or face the unknown wrath of several important street dealers who would just as soon cut up a skinny white hustler like Harry as look at him. According to one report, one unconfirmed report but with the ring of truth about it, Harry was within a day or two of “as look at him.”

And, of course, by then Harry had, straight-out had, to flee to Mexico to get right. Of course as well in Mexico, Sonora, Mexico as it turned out, Harry found out to his regret, while one could have all the money in the drug world if one was not connected, and more importantly as the structure of the cartels was getting in order, not part of the distribution system you were out of luck. Harry, naturally, believed he was born under a lucky star, he was still alive wasn’t he, and tried to arrange a large purchase to take out of Mexico, to make things right in Boston. But see in Sonora every drug deal went through Pablo Sanchez, or it didn’t go down.

When Senor Sanchez, or one of his agents, heard about it (through a guy who worked for the guy Harry was putting the deal together with from what was gathered) Harry was a marked man. The rest of the story is plain as day to see coming and, moreover, Markin got pretty shaky telling the rest of it but they found Harry looking very much like Swiss cheese in a back-alley Sonora street, face down. Yes, Harry, R.I.P.

Note: Markin wants one and all to know that Harry Madden was a grifter not a grafter. Harry was no ten-percent man taking some small piece of some other guy’s action, and practically on bended knees praying for that cut. No Harry, like a true grifter, small or large, made his own deals, big or small, good or bad, and he was the guy who gave the cuts, if that was his pleasure. Got it.

The Struggle For The Labor Party In The United States-American Communist Party Leaders James Cannon and William Z. Foster On Labor Party Policy (1923)

Click on the headline to link to a James P. Cannon Internet Archives online copy of James Cannon and William Z. Foster On Labor Party Policy


Markin comment on this series:

Obviously, for a Marxist, the question of working class political power is central to the possibilities for the main thrust of his or her politics- the quest for that socialist revolution that initiates the socialist reconstruction of society. But working class politics, no less than any other kinds of political expressions has to take an organization form, a disciplined organizational form in the end, but organization nevertheless. In that sense every Marxist worth his or her salt, from individual labor militants to leagues, tendencies, and whatever other formations are out there these days on the left, struggles to built a revolutionary labor party, a Bolshevik-style party.

Glaringly, in the United States there is no such party, nor even a politically independent reformist labor party, as exists in Great Britain. And no, the Democratic Party, imperialist commander-in-chief Obama's Democratic Party is not a labor party. Although plenty of people believe it is an adequate substitute, including some avowed socialists. But they are just flat-out wrong. This series is thus predicated on providing information about, analysis of, and acting as a spur to a close look at the history of the labor party question in America by those who have actually attempted to create one, or at to propagandize for one.

As usual, I will start this series with the work of the International Communist League/Spartacist League/U.S. as I have been mining their archival materials of late. I am most familiar with the history of their work on this question, although on this question the Socialist Workers Party's efforts run a close second, especially in their revolutionary period. Lastly, and most importantly, I am comfortable starting with the ICL/SL efforts on the labor party question since after having reviewed in this space in previous series their G.I. work and youth work (Campus Spartacist and the Revolutionary Marxist Caucus Newsletter inside SDS) I noted that throughout their history they have consistently called for the creation of such a party in the various social arenas in which they have worked. Other organizational and independent efforts, most notably by the Socialist Workers Party and the American Communist Party will follow.

From The "Massachusetts Jobs With Justice" Website- Victory To The Verizon Workers- A List Of Verizon Worker Picket Lines To Join In Massachsuetts

Click on the headline to link to a Massachusetts Jobs With Justice website fro information on defending the Verizon worker picket lines.

Markin comment:

Picket Lines Mean Don't Cross! Defend The Verizon Picket Lines At All Costs!Victory To The Verizon Workers!

Victory To The Verizon Workers!- All Out In Support Of The Communcation Workers Of America (CWA) And International Brotherhood Of Electrical Workers (IBEW)!- Labor Needs A Victory Here Now!-Defend The Picket Lines At All Costs!

Victory To The Verizon Workers!- All Out In Support Of The Communcation Workers Of America (CWA) And International Brotherhood Of Electrical Workers (IBEW)!- Labor Needs A Victory Here Now!-Defend The Picket Lines At All Costs!

http://www.cwa-union.org/issues/entry/c/verizon

Click on the headline to link to the Communication Workers Of America website for the latest in their strike action against "fat cat" Verizon.

Markin comment:

The issues: wages, health care, conditions of work, pensions and out-sourcing a now familiar litany of things that used to be negotiated without much muse or fuse but now entail a "cold" civil war in the class struggle. We need a win here, especially after the last few years. Victory to the Verizon workers! All out in solidarity with the Verizon workers! In the Northeast walk the pickets lines in solidarity!
****
Thurday August 11, 2011 update

Verizon is threatening to take legal action against its unions (CWA, IBEW) in Massachusetts for allegedly blocking access to their sites and "harassing" scabs and others trying to enter workplaces. B.S.- Picket Lines Mean Don't Cross- Defend The Picket Lines At All Costs!

an injury to one is an injury to all, international working class solidarity, outsourcing, pensions, PICKET LINES MEAN DON'T CROSS, union organizing, wages

Victory To The Verizon Workers!- All Out In Support Of The Communcation Workers Of America (CWA) And International Brotherhood Of Electrical Workers (IBEW)!- Labor Needs A Victory Here Now!-Defend The Picket Lines At All Costs!

Click on the headline to link to the Communication Workers Of America website for the latest in their strike action against "fat cat" Verizon.

Markin comment:

The issues: wages, health care, conditions of work, pensions and out-sourcing a now familiar litany of things that used to be negotiated without much muse or fuse but now entail a "cold" civil war in the class struggle. We need a win here, especially after the last few years. Victory to the Verizon workers! All out in solidarity with the Verizon workers! In the Northeast walk the pickets lines in solidarity!
****
Thurday August 11, 2011 update

Verizon is threatening to take legal action against its unions (CWA, IBEW) in Massachusetts for allegedly blocking access to their sites and "harassing" scabs and others trying to enter workplaces. B.S.- Picket Lines Mean Don't Cross- Defend The Picket Lines At All Costs!

Out In The 1940s Crime Noir Night-The Stuff Of Dreams- Harry’s Dreams- Richard Widmark's “ Night And The City"

Click on the headline to link to a Wikipedia entry for the film noir Night and the City.

DVD Review

Night And The City , Richard Widmark, Gene Tierney, Herbert Lom, directed by George Dassin, Paramount Studios, 1946

No question I am a film noir, especially a crime film noir, aficionado. Recently I have been on a tear reviewing various crime noir efforts and drawing comparisons between the ones that “speak” to me and those that, perhaps, should have been better left on the cutting room floor. The classics are easy: films like Out Of the Past, Gilda, The Lady From Shang-hai, and The Big Sleep need no additional comment from me as their plot lines stand on their own merits. Others, because they have a fetching, or wicked, for that matter, femme fatale to muddy the waters also get a pass, or as in Gilda a double nod for the plot and for the femme fatale. (Be still my heart, at the thought of Rita Hayworth, ah, dancing and singing, okay lip- synching, and looking, well, fetching while doing those difficult tasks.) Some, like the film reviewed here, Night and the City, while not strong on plot line or femme fatale-ness (ouch) get a nod for other reasons. Little reasons like having a young Harry Fabian, oops, Richard Widmark, practically scream out his grifter’s dreams with his expressive face. And have that face, the faces of other characters in the film, and places beautifully directed and captured on film. Not bad for a B-rated movie.

But now to the characterizations that make this such an interesting and well-acted (by Richard Widmark anyway) film. You know, know deep in your bones, if you were brought up in a working class or poor neighborhood, and maybe in other neighborhoods too, the grifter Harry Fabian played here by Widmark, The guy, and it was almost always a guy back in the days, who was smart, well smart enough, friendly, almost too friendly, always willing to accept a little dough, a little touch dough for his endeavor, always with a little larceny in his heart, always looking for easy street, always looking for the short cut to glory, and never quite getting there. And always, always, having to be fast of foot, and fast of sneak away to stay just the south side of the law when that surefire scheme also goes south. That’s our Harry.

And Harry was the guy that your mother warned you about from early on to not be like or you would "wind up just like him." And that was the magic mantra that held you in check, for a while anyway until you got your own Harry thoughts. And if I had to visualize my neighborhood Harrys then one Richard Widmark, a young Widmark would not be a bad way to do so. No question jut-jawed, slightly hazy wide-eyed, made for no heavy-lifting, light of foot and made to slip into small dark places Widmark would make the top of any crime noir aficionados idea of guy that fits the bill in this genre.

And grifter Harry had a dream which is central to the plot. The dream like those of a million other grifters, drifters and midnight sifters, hell just every poor guy looking to get out from under, to get out from under, and to, as Harry constantly put it, “be somebody.” Yes, that's the ticket, and that idea drives the story line (and Harry’s angst). See Harry’s dreams, Harry's immediate post World War II London-set dreams are not earth- shattering to say the least, at least on the face of it. Just to corner the wrestling racket market and become an important impresario to the plebeian masses that throng to such events. Problem is, as is always the grifter’s fate, the market s already cornered, already sewed up and already underworld muscle-protected.

So Harry tried an end-around using the head wrestling mobster’s (Herbert Lom) father to promote real wrestling, that is Greco-Roman wrestling which is said head mobster’s father’s specialty. Yes, I know already you can see Harry’s problem a mile away, even if he cannot. Other than about twelve hard-core Olympic Games aficionados nobody cares, wants to care, or will ever care about Greco-Roman wrestling. Certainly not against the masked marvel, bad boys, “real” wrestling that is (now) driven by teenage boys (and teenage girls, a little). But that is Harry’s opening and he is bound to take it, working his “magic” on the father who is some kind of Greco-roman aficionado maniac himself. The clash is on, including a stellar defense of Greco-Roman wrestling in the flesh by the old man.

Of course like all old men who try to do a young man’s work he overexerts himself and dies after the heat of battle. Such things happen, but for Harry this is the kiss of death because as it turns out head mobster was fond of his father, very fond. Harry’s number is therefore up. And watching the scenes and gritty faces of the actors in the process of that number being up drives the last portion of the film and makes this a true noir classic.

Note: No femme fatales here, obviously, but there are women who enter Harry’s life. One, an unhappy wife of a mid-level grafter, wants to use Harry to get out from under her own heavy burden of marriage to said grafter. More importantly, and a little incongruously, Harry has a straight girlfriend, of sorts, played by Gene Tierney, who loves/protects him through think and thin. And who Harry doesn’t have enough sense to stick by, except when he is in trouble- needing quick dough mainly. It was painful from my own knowledge of such things to see Harry rummaging through her pocketbook looking for dough to make some awry deal right, to allow him to “be somebody” for another five minutes. Whoa.

The Latest From The "Leonard Peltier Defense Committee" Website-Free Leonard Peltier Now!-Free All Our Class-War Prisoners!-An Injury To One Is An Injury To All!

Click on the headline to link to the Leonard Peltier Defense Committee website for the latest news on our class-war political prisoner brother, Leonard Peltier.

Markin comment:

Long live the tradition of the James P. Cannon-founded International Labor Defense (via the American Communist Party and the Communist International's Red Aid). Free Leonard, Free Mumia, Free Lynne, Free Bradley, Free Hugo, Free Ruchell-Free all our class-war prisoners!

From "The Rag Blog" -Ed Felien : Breivik's Norwegian 'Putsch' Has Historical Echoes

Click on the headline to line to The Rag Blog entry listed in the headline.

From The "Cindy Sheehan Soapbox"-August 6th, 1945: A Day that will live in Infamy by Cindy Sheehan

Click on the headline to link to the Cindy Sheehan Soapbox entry listed in the headline.

From "The Rag Blog"- Tony Platt- The Prison Strike At Pelican Bay

Click on the headline to line to The Rag Blog entry listed in the headline.

Markin comment:

Free Hugo Pinell- the late Black Panther leader George Jackson's San Quentin Six comrade.

From "The Rag Blog"- Carl Davidson : Winter of Our Discontent?

Click on the headline to line to The Rag Blog entry listed in the headline.

From "The Rag Blog"-VERSE / Felix Shafer : hey, marilyn - In Honor Of The Late Class-War Prisoner Marikyn Buck

Click on the headline to line to The Rag Blog entry listed in the headline.

Markin comment:

Every labor militant should honor the memory of the late class-war prisoner Marilyn Buck. Whatever the political disagreements we could have used more like her then, and now.

From "The Rag Blog"- Nancy Miller Saunders : Jane Fonda and the 'Home of the Brave'

Click on the headline to line to The Rag Blog entry listed in the headline.

Markin comment:

Despite any political disagreements we were kinda fonda Jane in those days. Especially anti-war G.I.s. And yes we all smoked, smoked whatever, in those days.

Hard Right Extremism in America and Europe - by Stephen Lendman

Hard Right Extremism in America and Europe
by Stephen Lendman

Hard Right Extremism in America and Europe - by Stephen Lendman

Anders Breivik's July 22 Oslo rampage highlighted a problem far greater than him, a topic three previous articles discussed, stopping short of what this article addresses. More on how Europe is affected below.

In America, hardline anti-government groups like the Sovereign Citizen movement highlight how far right America's shifted since the 1980s. Their adherents (Sovereigns) believe they alone should decide what laws to obey or ignore, not elected officials, judges, juries or law enforcement bodies.

They also oppose paying taxes, promote racial hate, attract white supremacists, and resort to violence to assert their will. In addition, they subscribe to other extremist views, advocating a subculture run exclusively by their rules. Without central leadership, it's impossible to know their size, though it's believed to be many thousands.

America's Militia movement is also politically significant, paramilitaries against government restricting their rights, especially to bear arms. It represents an outgrowth of independent survivalist, anti-tax, and other right-wing Patriot movement subculture groups, believing government is hostile to their sovereignty.

More recently, America's Tea Party phenomenon represents political Washington's sharp right turn. A previous article discussed them, accessed through the following link:

http://sjlendman.blogspot.com/2010/10/americas-tea-party-phenomenon.html

Stressing fiscal responsibility, constitutionally limited government and free market fundamentalism, demagogic extremists aroused millions of working Americans to support policies against their own interests, thinking they're doing the right thing because their minds have been manipulated to believe it.

Funded by extremist right-wing groups, as well as billionaires like David and Charles Koch, the movement gained national recognition in media-hyped mid-2009 congressional town hall protests against Obamacare, banker and other bailouts, fiscal excesses, and bogus claims about Obama's social agenda. In fact, he's rock-hard conservative without one.

Then in February 2010, its Nashville, TN national convention increased its prominence, highlighting an agenda to shift America further right on the pretext of popular opposition to big government and fiscal irresponsibility.

As a result, hardline extremists mostly attracted middle income Americans facing lost jobs, homes, and economic uncertainty at a time they should have shifted left, not right. Instead of blaming big government, a groundswell for addressing popular needs should be demanded.

It didn't. Demagogues took advantage and aroused millions, aided by daily Fox News support and its lunatic fringe hosts. Among them, Glenn Beck (now gone), Bill O'Reilly, and others rage against big government, hyping an extremist agenda. Maliciously, they spread fear effectively enough to attract growing numbers of adherents, largely mindless that their best interests are compromised, not helped.

Media power manipulation, of course, is essential, whether against big government, alleged terrorists, or anything diverging from right-wing politics, easily able to morph into something more sinister.

In his 2003 article titled, "Fascism Anyone?" political scientist Laurence W. Britt discussed its 14 common elements, saying:

"These basic characteristics are more prevalent and intense in some regimes than in others, but they all share some level of similarity."

In 2003 America, decades earlier and today, it's present, worrisome, and growing, post-9/11 and earlier. More on that below.

Elements of Police State Fascism

(1) "Powerful and continuing expressions of nationalism," including display flags, lapel pins, and other patriotic nationalist expressions, rallying people for a common cause.

(2) "Disdain for the importance of human rights" and civil liberties, believing they hinder ruling elitist power.

(3) "Identification of enemies/scapegoats as a unifying cause," shifting blame for failures, "channel(ling) frustration in controlled directions," and vilifying targeted groups for political advantage.

(4) "The supremacy of the military/avid militarism," allocating a disproportionate share of national wealth and resources for it.

(5) "Rampant sexism," viewing women as second-class citizens.

(6) "A controlled mass media," in public or private hands, promoting power elite policies.

(7) "Obsession with national security," using it as an instrument of belligerence and oppression.

(8) "Religion and ruling elite tied together," portraying themselves as militant defenders of the nation's dominant religion at the expense of one or more others, deemed inferior or threatening.

(9) "Power of corporations defended," for economic power, military production, and social control.

(10) "Power of labor suppressed or eliminated," leaving political and corporate dominance unchallenged.

(11) "Disdain and suppression of intellectuals and the arts," because they represent intellectual and academic freedom, subversive to national security and political control.

(12) "Obsession with crime and punishment," handling them by draconian criminal justice measures and practices.

(13) "Rampant cronyism and corruption," power elites enriching themselves at the expense of others less fortunate.

(14) "Fraudulent elections," manipulated for desired results by disenfranchising opposition voters or simply rigging the process.

All these characteristics describe America, a democracy in name only, run by powerful elitists for their own interests at the expense of all others.

Huey Long once said fascism will arrive "wrapped in an American flag." In his book "Friendly Fascism," Hunter College Professor Bertram Gross called Ronald Reagan its prototype ruler, distinguishing 1980s America from classic models in Germany, Italy and Japan.

He described a slow, powerful "drift toward greater concentration of power and wealth in a repressive Big Business-Big Government," Big Brother alliance. It leads "toward a new and subtly manipulative form of corporatist serfdom," its friendly face turning dark as hardline policies are revealed - Machiavellian harshness exploiting others for wealth and power.

Today's Duopoly-Run America

On issues mattering most, little distinguishes Republicans from Democrats. Supporting militarism, permanent wars, corporate dominance, and police state harshness, they represent wealth and power interests at the expense of public needs and rights.

As a result, more than ever, American democracy is bogus under a police state apparatus, sacrificing human rights and civil liberties for national security, wealth, power, and control. Examples include:

(1) An array of pre and post-9/11 anti-terrorist measures.

(2) Decades of illegal surveillance of individuals and activist groups, more virulent and sophisticated than ever under Obama. He's wicked, morally compromised, duplicitous, corrupt and lawless.

Notably, he usurped unchecked surveillance powers, including warrantless wiretapping, accessing personal records, monitoring financial transactions, and tracking emails, Internet and cell phone use to gather secret evidence for prosecutions.

As a result, more than ever under his leadership, America's a repressive Big Brother society, targeting anyone lawlessly for unchallenged rule.

(3) A war on free expression, dissent, and constitutional freedoms, using the courts to enforce repression. It's especially true since the 1996 Antiterrorism and Effective Penalty Act. It eased surveillance restrictions, as well as enacting draconian death penalty and habeas-stripping provisions. Its passage smoothed the way for the 2001 Patriot Act and other repressive measures that followed.

Alone, in fact, the Patriot Act erodes four Bill of Rights freedoms, including:

-- Fifth and Fourteenth Amendments due process rights by permitting indefinite detentions;

-- First Amendment freedom of association; and

-- Fourth Amendment right to be free from unreasonable searches and seizures, and more.

In November 2002, the Bush administration's Homeland Security Act (HSA) combined formerly separate government agencies into a more sweeping authoritarian apparatus. Thereafter, it's been used repressively.

Obama's uses it like Bush, usurping unprecedented power for total control, sacrificing freedoms for national security.

As a result, America enforces police state harshness. Merriam-Webster defines it as:

"a political unit characterized by repressive governmental control of political, economic, and social life usually by an arbitrary exercise of power by police and especially secret police in place of regular operation of administration and judicial organs of the government according to publicly known legal procedures."

America has in place constitutional/statute laws, administrative and legal procedures, yet skirts them routinely and willfully to assert control.

It's a short leap to tyrannical rule. Whether or not announced, its iron fist leaves no doubt about unfriendly American fascism.

Right Turn in Europe

Anders Breivik's rampage signifies a far greater problem than him, symptomatic of growing European ideological extremism, transcending a single atrocity.

Xenophobia is one of its expressions, Merriam-Webster defining it as "fear(ing) and hat(ing) strangers or foreigners or anything strange or foreign." During hard times, large numbers of people are affected, though few commit violence.

In America, Tea Party protests reflect it, supporting far to the right of center policies, railing against big government, mindless about flourishing state socialism, yet wanting to take back the country and restore its ill-defined honor.

Throughout Europe, nearly all countries have parties wanting foreigners evicted, returning them to their "rightful citizens," whatever that means, given how many have had roots elsewhere at other times.

Moreover, fascist parties notably once had leftist leaders who turned right. Mussolini, in fact, invented the word "fascism," practicing it destructively with his Axis partners. Today's model is more subtle, but just as dangerous, eroding democracy and social justice for unchallenged power.

As a result, socially democratic rule virtually disappeared. Neoliberalism replaced it, notably in Nordic countries. Right-wing parties rule them, except Norway, run by a Labour/Socialist Left/Centre Party coalition, its so-called red-green alternative.

Challenging it is Norway's Progress Party - conservative, xenophobic, and hard-line. Perhaps Breivik's rampage warned Labour to shift right, tone down its Israeli criticism, think twice about supporting an independent Palestine, and remain committed to NATO's global imperialism.

Sweden's right turn got some observers to ask about European social democracy's future. Is it quiescent or lost? Last September, its Social Democrats lost badly, its worst showing since 1914. Its right-wing Alliance prevailed. A far right anti-immigrant party won seats for the first time.

It matters because Sweden's virtuous middle straddled capitalist and communist extremes. Now, however, for the first time in over 80 years, it's over. It no longer represents social democratic values. If lost in Sweden, Norway, and other Nordic countries, can they exist anywhere? Is tyranny over the horizon?

Notably since the 1990s, Social Democrats systematically undermined former policies, losing popular support as a result. After its electoral loss, Svenska Dagbladet (a daily newspaper) said Sweden's political landscape changed fundamentally under "a center-right government without a majority, a crashed social democracy, and a kingmaker party with roots in the far right."

Rising ethno-nationalist/anti-multiculturalism throughout Europe resides there, in Denmark and Norway. Is fascism a short leap ahead? Nazism arose from hard times. They demand change that can include more than planned, including radical right turns, intolerance, totalitarianism, and global wars, creating upheaval and unfit to live in societies.

It threatens Europe, America, and everywhere conditions exist to transform liberal democracies to tyranny. It destroyed Weimar Germany and shifted Great Society America to right-wing/hardline rule, perhaps headed toward full-blown fascism.

Famed journalist George Seldes (1890 - 1995) saw it flourish in the 1930s, worrying it could derail New Deal America. In his 1934 book titled, "Iron, Blood and Profits," he discussed a "world-wide munitions racket," citing WW I militarists and weapons makers in Europe and America.

"Merchants of death" he called them, promoting "imperialism (and) colonization - by means of war....the healthfulness of their business depend(ing) on slaughter. The more wars," the greater their riches.

His 1943 book titled, "Facts and Fascism" returned to the theme, explaining "Fascism on the Home Front" in Part One, called "The Big Money and Big Profits in Fascism."

In Parts Two and Three, he discussed "Native Fascist Forces" in industry and his day's media. They were a shadow of today's in influence and reach, cheerleading for wars and corporate extremism, elements one step from fascism, in more or less intense forms.

In his 1935 novel titled, "It Can't Happen Here," Sinclair Lewis feared its emergence in hard times, led by a charismatic, self-styled reformer/populist champion.

Con men like Bush and Obama exploit conditions to enact police state laws, crack down on dissent, wage imperial wars, homeland ones on scapegoats, and serve powerful interests at the expense of others.

September 11 accelerated extremism in America. Breivik's rampage may notch it up in Europe. Fascist seeds there already took hold. Maybe now they'll grow and flourish. That prospect should arouse popular resistance against what no one should tolerate anywhere.

Stephen Lendman lives in Chicago and can be reached at lendmanstephen (at) sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour/.
See also:
http://sjlendman.blogspot.com


This work is in the public domain

America's Cratering Economy - by Stephen Lendman

America's Cratering Economy
by Stephen Lendman

America's Cratering Economy - by Stephen Lendman

Slow-motion fiscal collapse perhaps explains its current state after decades of mismanagement, accelerated under Bush and Obama. The chickens are now coming home to roost big time, hitting ordinary people hardest, suffering under a protracted Main Street Depression. More on that below.

Last April 18, Standard & Poor (S & P) downgraded its rating on America to negative, saying:

S & P "affirmed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the US. (It also) revised its outlook on the long-term rating of the US sovereign to negative from stable....(W)e now believe (US strengths may) not fully offset the credit risks over the next two years at the 'AAA' level...."

"More than two years after the beginning of the recent crisis, US policymakers have still not agreed on how to reverse recent fiscal deterioration or address longer-term fiscal pressures."

S & P analyst Nikola Swann added that from 2003 - 2008, US debt ranged from 2 - 5% of GDP. However, it ballooned to over 11% in 2009 "and has yet to recover."

Swann also warned of "a one in three chance that the US could lose its AAA rating in two years because of its mounting debt."

S & P's entire statement can be accessed through the following link:

http://www.standardandpoors.com/ratings/articles/en/us/?assetID=12453028

Note: S & P and other major credit agencies partnered with Wall Street speculation and grand theft because they're paid by the companies they rate. In fact, Washington, too-big-to-fail banks, other FIRE industry (finance, insurance and real estate) giants, and major rating agencies were complicit in fueling the bubble economy and crash by design, not chance.

They're in league again now, targeting entitlements for privatization, so Wall Street can rip off recipients for big profits, leaving millions unable to comply with their rules high and dry, and those who do will be defrauded.

April 18 was step one. Follow-up came on August 5, saying:

"We have lowered our long-term sovereign credit rating on the United States of America to AA+ from AAA and affirmed the A-1+ short-term rating....The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."

"The outlook on the long-term rating is negative. We could lower the long-term rating to AA within two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case."

In other words, Wall Street wants deeper cuts, using S & P as its mouthpiece to demand them. Washington, in fact, needs this pressure to enact what's already planned - successive entitlement and other social benefit cuts until government no longer provides them. That's what this is all about.

The entire S & P statement can be accessed through the following link:

http://www.standardandpoors.com/ratings/articles/en/us/?assetID=12453165

Note what economist Paul Craig Roberts told Press TV last April:

Without permission, "(i)f a rating agency actually reduced the credit rating of the US government, it would simply be arrested, tortured and put on trial as an aider and abettor of terrorism."

In other words, it can't happen without Washington's permission, following orders from Wall Street, running government operations their way, putting their people in key posts to direct everything financial going on.

Washington, in fact, is Wall Street/War Profiteers/Big Oil/and other favored corporations' occupied territory, along with the Israeli Lobby getting everything it wants for Israel, even when counterproductive to America.

In fact, these diabolical forces corrupted political Washington beyond repair. As a result, today's choice is either letting them have everything their way, destroying American and perhaps planet earth in the process, or ripping down the entire rotten-to-the-core system and starting over. There is no other alternative. It's too late.

Note also as a previous article explained:

Financial expert/investor safety advocate Martin Weiss downgraded US debt to C-, the equivalent of S&P's BBB- or one notch above junk, heading for it eventually.

In doing so, he said:

Regardless of the debt ceiling/budget debate charade outcome (since announced), "few will escape the far-reaching consequences of America's unfolding debt disaster."

As a result, he calls today's machinations "just a dress rehearsal for the true tragedy of a nation unable to end its own financial decline any more effectively than a Greece, Ireland, or Portugal."

Why? "Among the 49 sovereign nations Weiss Ratings covers, the US has one of the heaviest debt burdens, the weakest international reserves, and the least stable economy."

In addition, "America's largest banks have the greatest exposure to high risk derivatives - nearly 40% more today than during the debt crisis of 2008." They're a ticking time bomb waiting to explode anytime when least expected.

America's Economy: Heading for Eventual Collapse

On August 5, Boom, Doom and Gloom Report editor/publisher Marc Faber told CNBC that markets could rebound after August 4's rout, but ahead he sees total collapse, saying:

Massive money printing artificially boosts markets, postponing an eventual day of reckoning because deep-seated problems weren't fixed, just delayed for later when they're greater. As a result, the next "global economic crisis....will be much worse than 2008."

Ahead of it will be more money printing and war, he believes. "The whole system will collapse." It's baked in the cake and will happen. It's not if but when, how deep, protracted and destructive to billions globally, including millions of working Americans hammered hard.

Gluskin Sheff economist David Rosenberg provides important assessments of conditions. Commenting on the latest July employment report he said:

The primary private payrolls trend shows a slowing economy. "In fact, it is slowing fast, and, it is following a very similar pattern that occurred between three and eight months before the last four recessions."

The July report belies a disturbing trend, heading south faster than most analysts believe. The headline 117,000 jobs created was, in fact, 60,000 with the so-called "birth/death" ratio removed.

Moreover, the broader Household survey showed 38,000 jobs lost, "and is down now in three of the past four months, for a combined total of - 568,000."

In addition, U-3 unemployment falling to 9.1% resulted from 200,000 discouraged workers, dropping out in frustration for lack of jobs. Labor force participation also fell to 63.9%, its lowest level since May 1983, and the employment rate (employment/population ratio) dropped to 58.1%, "a 28-year low as well."

America's economy is in sickbay, getting sicker. "Forewarned is forearmed." Structural headwinds are everywhere.

Before long, establishment analysts will have to admit what Rosenberg and economists on the Progressive Radio News Hour warned about much earlier - that destructive government/Fed policies assure big trouble ahead, and the longer they continue, the worse off things will be. Count on it, and it'll be nasty when it arrives full-force.

Stephen Lendman lives in Chicago and can be reached at lendmanstephen (at) sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour/.
See also:
http://sjlendman.blogspot.com


This work is in the public domain

No Joy in Mudville - by Stephen Lendman

No Joy in Mudville
by Stephen Lendman

No Joy in Mudville - by Stephen Lendman

Indeed not. The equity markets struck out, or as highly respected analyst Louise Yamada believes: "Clearly, this cyclical bull is over," but it's worse than that with Western and other economies cratering.

Some hover close to collapse or may head there. The operative word is hard times, the beginning of leg two of the global Depression that begin in fall 2007, likely to exceed it in harshness and duration.

Only massive monetary intervention prevented collapse earlier. Doing it, however, exacerbated a major problem, the equivalent of treating a metastasizing cancer with snake oil remedies. As a result, the patient is in sickbay failing.

Perhaps hindsight will prove what many analysts now believe - that the August 4 market rout was a major negative inflection point. By early August 8 trading, in fact, America's S & P 500 lost all its gains for the past nine months. By day's end much more. Other markets also got hammered, and why not.

Weak economic data are, in fact, worse than reported by manipulating them to look better or omitting their fine print, let alone what they portend.

For example, Friday's employment report showed 117,000 jobs gained in contrast to the broader Household Survey showing thousands lost. Moreover, labor force participation and the employment rate both dropped to a 28-year low heading south.

But's its worse than that as economist Jack Rasmus explains, presenting his views often on the Progressive Radio News Hour.

Analyzing the Labor Department's August 5 data, he explained greater weakness than reported, showing large job losses, not gains because of bias toward larger companies.

In fact, small and medium-sized firms, millions of non-incorporated proprietorships, and millions more self-employed are excluded from the headline number, the only one getting media attention.

As a result, the sum of net gains and losses showed 198,000 fewer workers than the previous month, a clear sign of economic decline. Moreover, the number of employed workers dropped for the fourth consecutive month, a cumulative loss of 901,000 jobs.

In addition, the broader survey showed only 55% of US workers holding full-time jobs, a record low heading south as economic conditions weaken. As a result, expect mass corporate layoffs at a time federal, state and local governments are shedding an annualized 500,000 or more jobs. It's why Rasmus says the "real crisis is not deficits or debt, but the crisis of job creation," hammering the other two.

On August 8, economist David Rosenberg said the market rally since March 2009 "was built on sticks and straw, not bricks." It was similar to "the financial engineering in the 2002-2007 cycle that gave (an) appearance of prosperity."

He also advised against putting much faith in Friday's employment report, expecting many revisions lower, calling fewer full-time Household Survey jobs "critical."

He added that market losses for the past two weeks were the steepest since the depths of 2008 and early 2009 "when US banks were being priced for insolvency." Concern now focuses on European banks because of their shaky sovereign debt exposure.

However, American banks are directly tied to them, and all major Western ones are linked through a global derivatives network totaling over $600 trillion, according to the Bank for International Settlements, a central bank for central bankers, a banking boss of bosses accountable to no government.

Moreover, real consumer spending is weak, falling three straight months when more economies are heading south or veering that way. It's no time to believe what's going on is short-term pain. It's far more serious.

In fact, "(t)he global economy is slowing down much faster than" last year when some analysts expected serious trouble. Moreover, sovereign debt problems are "more acute" now with Italy and Spain teetering. Add in US and European austerity, and it spells deeper, more protracted hard times.

A new IBD/TIPP Economic Optimism Index (Investor's Business Daily TechnoMetrica Market Intelligence) showed 35.8 in August, a steep slide with all subcomponents weakening dramatically. In fact, the showing was TIPP's worst reading "on record" since 2001, prompting its president to conclude that:

"The weak confidence data strongly suggest that the economy has fallen into recession, driven by high unemployment, under-employment and low confidence in the government's ability to improve the economy."

Nearly 30% of respondents said someone in their household was unemployed, the highest ever level, exceeding July's 24% showing. Clearly conditions are bad, getting worse, and for growing numbers most vulnerable potentially catastrophic without prospects for employment and enough income to manage.

Since 2008 or earlier, financial expert/investor safety advocate Martin Weiss warned about serious economic trouble, updating his analyses often. He now advises caution during hazardous times as economies crater, stocks represent extreme risk, credit disappears, municipal bonds collapse, corporates may follow, and Treasuries no longer are "fool-proof," a safe haven place to park cash.

S & P's downgrade may prove the first domino, "a methaphor for the historic, life-changing, world-changing transformations that could vaporize massive amounts of wealth" and create new opportunities by shifting course to safe harbors.

At the same time, forced austerity is hammering workers globally because Obama and other Western leaders won't provide help when it's most needed.

As a result, living standards are plummeting as economies teeter. Where it all ends looks bleak for growing millions left high and dry on their own.

Short of revolution, there's nothing in sight to help because Washington and other governments prioritize wars, super-wealth accumulation, and power. If that doesn't produce rebellion, what will? If not now as depravation grows, when?

Stephen Lendman lives in Chicago and can be reached at lendmanstephen (at) sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour/.
See also:
http://sjlendman.blogspot.com


This work is in the public domain