Posts tagged with 'Barack Obama'
Weekly Diaspora: Immigrants Abused, Denied Social Services in Broken Immigration System
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by Catherine A. Traywick, Media Consortium blogger
After decades of misguided policies and patchwork practices, the high human costs of our disordered immigration system are only starting to emerge. Stricter immigration policies and overcrowded detention centers aren’t making our streets safer or our social services more accessible.
Instead, mounting evidence shows that our immigration policies are just creating a space for immigrants to be brutalized—socially, financially and physically. From reports of sexual abuse inside of detention centers to news of legal residents being denied social services, the ineffectiveness of the prevailing system has never been more apparent, nor the need for reform so great.
Women and children sexually assaulted in detention centers
As Michelle Chen writes at Colorlines, allegations of sexual abuse within a Texas detention center have sparked investigations by the American Civil Liberties Union and Human Rights Watch. According to reports, a guard at the T. Don Hutto Residential Center sexually assaulted several women while transporting them prior to their release. (more…)
Weekly Diaspora: Has Obama Failed the Immigration Reform Movement?
by Catherine A. Traywick, Media Consortium blogger
After signing a controversial $600 million border security bill last week, President Barack Obama is drawing fire from immigration reform advocates and anti-immigrant conservatives alike. While the former argue that the new security measures are a step backwards for comprehensive immigration reform, the latter say the bill does too little to secure our borders.
Arizona’s SB 1070 was a challenge to the federal government’s ability to resolve the immigration issue, and the Obama administration took a strong stood against it. The border security bill is almost certainly a demonstration of the administration’s might. But for what, and at whose expense? (more…)
Weekly Diaspora: Boycotting Arizona
by Erin Rosa, Media Consortium blogger
Anti-immigrant fervor could be more costly than Arizona lawmakers expected. Thanks to SB 1070, a new law that requires immigrants to carry papers at all times to prove their legal status, the state has become the focal point of the national immigration debate. The bill and the buzz surrounding it illustrates a desperate need for a federal fix to the broken immigration system.
President Barack Obama publicly condemned the measure shortly before Arizona Gov. Jan Brewer signed the bill on April 23, while human rights groups and immigration reform supporters are threatening national boycotts and lawsuits.
SB 1070 makes it possible for local police to racially profile Latinos by allowing them to check a person’s immigration status if there is “reasonable suspicion” that they might be undocumented. It elicits memories of South Africa under apartheid, when blacks were forced to carry passbooks or otherwise risk incarceration. For a good historical perspective of immigration in Arizona, check out Jessica Pieklo’s blog for Care2. (more…)
Weekly Diaspora: The Game Plan for Immigration Reform
By Erin Rosa, Media Consortium blogger
Sen. Lindsey Graham (R-SC), started a hubbub among comprehensive immigration reform advocates last week when he expressed to members of the Capitol press corps that progressive immigration legislation was “dead” for 2010 due to the contentious passage of health care reform. But the battle isn’t over yet. In an interview with Sandip Roy at New America Media, Frank Sharry, the executive director of DC-based immigration organization America’s Voice, says, “I think we have a good chance of seeing a bipartisan bill being introduced in April.”
Graham’s declaration mirrors similar antics that happened around the health care debate—where insurance reform was pronounced dead countless times by a wide array of pundits and lawmakers. In fact, Seth Freed Wessler of ColorLines reports that Graham, who has been working with Sen. Chuck Schumer (D-NY) on an immigration reform bill for a year later changed his tune, stating that he would continue to craft a bipartisan bill.
The Battle in the Senate
Gabriel Arana with The America Prospect questions just how the GOP lawmakers will react to the upcoming immigration debate, arguing that, “Even for those Republicans who are willing to publicly support immigration reform, partisan rancor all but ensures it won’t go anywhere.”
And outside the Capitol? As Laura Flanders of GRITtv points out, the immigration debate, “has the potential to be far, far messier—and more violent—than the health care battle,” and will likely galvanize those with xenophobic tendencies on the far Right to become even more unhinged.
On top of that, providing a pathway to citizenship for the 12 million undocumented immigrants in the United States will most likely be dead in 2010 if a bill isn’t proposed in the Senate this Spring. There needs to be time to debate the issue before the end of the year, and more importantly, before election season kicks off in the Fall. While there’s already an immigration bill in the House of Representatives, a timeline for when one will actually be introduced in the Senate is unknown.
Weekly Diaspora: 200,000 March on DC, Call for Immigration Reform Now
By Erin Rosa, Media Consortium blogger
As the health care debate comes to a close, there’s no better time to introduce comprehensive immigration reform. Hundreds of thousands of immigrant rights supporters from all over the country congregated on the National Mall in Washington, D.C. on Sunday to demand immigration reform in 2010. It was the largest political rally to be held since President Barack Obama moved into the White House.
Dressed in white and carrying American flags, the crowd numbered between 200,000 to 500,000 people. The marchers spanned approximately 7 blocks, all the way from the Washington Monument to the steps of Congress. Although many media outlets and lawmakers were were occupied by the historic health care vote taking place in the House of Representatives on the same day, Obama took time from his busy schedule to record a video message to the marchers, in which he discussed the need for immigration reform “this year.” (more…)
Weekly Diaspora: No Sleep ‘Till March on Washington
By Erin Rosa, Media Consortium blogger
This Sunday, tens of thousands of people plan to march on the National Mall in Washington, DC in an effort to persuade Congress and the Obama administration to tackle immigration reform in 2010. More than 700 buses are bringing an estimated 100,000 supporters to the nation’s capital for the March for America. Participants are hoping to show strength in numbers on the ground, and flex muscle on Capitol Hill as well.
Advocacy groups are organizing countless phone banks and Congressional office visits to encourage lawmakers to support a pathway to citizenship for the estimated 12 million undocumented immigrants who live and work in the United States.
On top of that, immigrant rights supporters are eager to note that President Barack Obama promised to overhaul the immigration system during his campaign, and said that immigration reform would be a “top priority in my first year as President of the United States of America.” But now that year has passed, and with Congress still deadlocked on health care and economic issues, reform supporters just can’t wait any longer. (more…)
Weekly Mulch: New bills and old money
By Sarah Laskow, Media Consortium blogger
Climate legislation is returning to the Senate’s docket, and leaders on Capitol Hill are hoping that this version, a compromise bill spearheaded by Sens. John Kerry (D-MA), Lindsey Graham (R-SC) and Joe Lieberman (I-CT), can pass without getting caught in the morass of money and politics that has delayed action so far.
A long, long time ago…
Remember, there was a time when Congress was going to pass climate legislation before the international climate change negotiations in Copenhagen. President Barack Obama was going to show up with a bill in hand and lead the world towards a better climate future. After the House passed its climate bill in June 2009, the Senate began discussing climate change, and a first stab by Sen. Kerry and Sen. Barbara Boxer (D-CA) went nowhere. Now, Kerry has turned to less liberal colleagues to draft an alternative that would appeal to moderates and even Republicans.
Now the Massachusetts senator is promising that climate change isn’t dead. A new bill is coming—more information may be in the offing as early as today, as Kate Sheppard reports at Mother Jones. (more…)
Weekly Audit: Attack of the Imaginary Budget Demons
By Zach Carter, Media Consortium Blogger
On Feb. 1, President Barack Obama unveiled his 2011 budget proposal. While conservative pundits reacted with predictable, yet preposterous, wailing about the federal budget deficit, the short-term U.S. budget outlook is just fine. If anything, Obama’s budget doesn’t dedicate nearly enough funding to create jobs.
As John Nichols notes for The Nation, Obama budgets just $100 billion for jobs in fiscal 2011. The amount is nowhere near enough to make a significant dent in the epic unemployment rate. The government’s fiscal 2011 calendar begins in October of this year, and by that time, the stimulus package Obama pushed through in February of 2009 will have been exhausted, leaving the labor market without serious support from the federal government. (more…)
Weekly Audit: Stop Wall Street’s Economic Rampage
By Zach Carter, TMC Blogger
Over the past year, Wall Street’s excess has helped push the unemployment rate to epic levels and created millions of foreclosures. Yet the rules of the financial road remain unchanged. As 2009 draws to a close, it’s astonishing that so little progress towards financial reform has been made.
President Obama, Congress and federal regulators have not been tough enough on the nation’s financial elite. As Monika Bauerlein and Clara Jeffery emphasize for Mother Jones, the government has committed about $14 trillion in bailout funds to save the banking system without demanding much of anything in return. Goldman Sachs and other big banks are now planning to pay giant bonuses that come straight from taxpayer giveaways rather than invest that money in socially constructive banking.
“Bankers aren’t being rewarded for pulling the economy out of the doldrums,” Bauerlein and Jeffery write. “Nope, they’re simply skimming from the trillions we’ve shoveled at them.”
The major banks are even spending our bailout money to lobby against reform. When President Obama called a meeting for leaders of the nation’s largest banks to scold them for their lobbying, the heads of Morgan Stanley, Goldman Sachs and Citigroup didn’t even bother to show up, as Matthew Rothschild describes in a podcast for The Progressive.
It’s easy to see why the bank execs are so indifferent, Rothschild argues, even to the president. Now that almost all of these banks have repaid the loans they received under the Troubled Asset Relief Program (TARP), Obama has no negotiating leverage and the bankers know it. Even though it represents just a tiny fraction of the $14 trillion bailout, TARP was the only program that attached any strings to that money. Prior to those TARP repayments, Obama could have demanded that banks do more lending to help the economy, work harder to keep troubled borrowers in their homes—or face executive compensation restrictions or other penalties.
And many of the same regulators who helped bring about today’s economic disaster are still in power. As Sen. Bernie Sanders (I-VT) explains for Brave New Films (video below), Federal Reserve Chairman Ben Bernanke blew just about every major policy decision he faced in the years leading up to the crisis. Bernanke, who was recently named person of the year by Time magazine, failed to rein in reckless mortgage speculation, predatory lending or excessive compensation packages. Nevertheless, President Obama has appointed him to another term.
“This recession was precipitated by the greed, recklessness and illegal behavior on Wall Street,” Sanders says. “One of the key responsibilities of the Fed is to maintain the safety and soundness of our financial institutions … The Fed was asleep at the wheel, Bernanke did not do the job.”
Sanders notes that even Bernanke’s financial clean-up operations have been deeply flawed. Bernanke has helped make today’s too-big-to-fail banks even bigger. If we want to stop the lobbying and policy deference that politicians grant to Wall Street, we have to break up the biggest banks into smaller firms that do not endanger the economy if they fail.
Bernanke is not the only holdover from the Bush administration that wields significant economic power under Obama. As I note in a piece for The Nation, John Dugan, the top bank regulator appointed by President George W. Bush, remains in office today, despite failing to ensure the financial health of our largest banks and actively working to undermine consumer protection.
Campaign contributions from the bank lobby will not be enough to counter the voter outrage that President Obama and members of Congress are facing, nor should they. If our leaders want a serious shot at re-election, they need to recognize the need for significant change on Wall Street. That means breaking up the big banks and setting economic policy that helps all of our citizens, not just financiers.
This post features links to the best independent, progressive reporting about the economy by members of The Media Consortium. It is free to reprint. Visit the Audit for a complete list of articles on economic issues, or follow us on Twitter. And for the best progressive reporting on critical economy, environment, health care and immigration issues, check out The Mulch, The Pulse and The Diaspora. This is a project of The Media Consortium, a network of leading independent media outlets.
Weekly Audit: House Bank Bill Fatally Flawed
By Zach Carter, Media Consortium Blogger
Last week, the House of Representatives finally approved a financial regulatory overhaul and President Barack Obama announced a new initiative to address the unemployment crisis. Both are a step in the right direction, but neither offer effective solutions to problems that still plague the U.S. economy.
The House bill doesn’t do away with too-big-to-fail banks and that’s a big problem. As John Nichols explains for The Nation, “the big banks aren’t going to get sidelined—let alone broken up—anytime soon.” Instead of splitting large, risky banks into smaller firms that could fail without wreaking economic havoc, the House bill gives regulators more power, including the ability to bail out a faltering bank with billions of taxpayer dollars. When push comes to shove, regulators are not going to risk letting a major bank fail. They’ll just bail the company out. We all saw what happened when Lehman Brothers collapsed last year.
By imposing a tougher set of rules on banks, it’s conceivable that regulators could prevent some future failures. But as Mary Kane notes for The Washington Independent, Congress carved so many loopholes in the new laws that banks will have little trouble skirting them.
Obama had hoped to create a new Consumer Financial Protection Agency (CFPA) to crack down on predatory lending, but a coalition of bank-friendly Democrats pushed through amendments that significantly weaken it. Obama wanted states to have the power to enforce stronger rules on predatory lending. Under a loophole that Rep. Melissa Bean (D-IL) pressed into the House bill, states are prevented from writing or enforcing rules that limit interest rates charged by credit card companies and payday lenders. That’s a really destructive move, Kane notes, since it was state regulators, not federal regulators, who cracked down on abusive lending over the past decade.
Obama also hoped to require that risky derivatives transactions would be conducted via exchange like ordinary stock trades. Derivatives are the type of trades that brought down AIG. But the House bill exempts a huge portion of transactions from this requirement and changes the definition of “exchange” to include private, unregulated derivatives trades, as Nick Baumann explains for Mother Jones. This is a fatal flaw in the regulatory overhaul. Derivatives are the primary technique that banks use to make themselves too-big-to-fail. Over 95% of the $290 trillion derivatives market is housed at just five banks. These derivatives tie the bank to other financial firms in a complicated web of risk that is impossible for regulators to navigate. If one of those five banks goes down, there’s no way a regulator can predict the consequences.
The only hope for meaningful reform right now rests in the Senate, which is considering a much tougher bill than what the House approved. But the Senate has yet to even conduct mark-up hearings on its legislation and the pressure from the banking lobby is going to be enormous. Progressives have to keep pushing for a better bill if we want to protect our economy from the abuses that brought on the current recession.
And while huge federal bailouts for banking giants like Citigroup and Bank of America have helped the financial sector recover, the broader economy is battling the highest unemployment levels since the early Reagan era. Things are poised to get a lot worse. As Daniela Perdomo emphasizes for AlterNet, a full 3.2 million workers will lose their unemployment benefits by the end of March 2010. Even if the unemployment rate stays where it is—and Perdomo notes that a vast majority of experts think its going to go higher—the impact on ordinary people is going to be even more severe than today’s nightmare.
In a blog post for Working In These Times, Roger Bybee highlights a piece by Harvard University Law School Professor Elizabeth Warren, who emphasizes the hardships faced by ordinary families. The statistics are grim—one-eighth of Americans are on food stamps, one-eighth cannot pay their mortgages and 120,000 families are filing for bankruptcy every month.
We need to take serious steps to get people back to work. Mass unemployment means that consumers don’t spend money, which means that companies don’t sell as much, which makes companies lay off more workers to cut costs. It’s a self-reinforcing cycle. The market can’t fix unemployment without help.
So Obama’s Dec. 8 speech announcing a new job-creation plan was a welcome event. But the concrete aspects of Obama’s plan are not effective. All the tax cuts in the world won’t necessarily put people back to work. Obama did endorse a public jobs plan which involved the government hiring people to improve the nation’s infrastructure and clean up communities ravaged by the economic crisis, but he shied away from any specific numbers.
As David Roberts explains for Grist, Obama’s willingness to sign off on a $23 billion program for environmentally friendly home renovations is a step in the right direction. The plan is being referred to as “cash-for-caulkers” and is modeled on the very successful cash-for-clunkers program. The government will pay people to increase the energy efficiency of their homes, helping people cut down on utility bills and increasing the demand for construction labor and products like new windows and doors. It’s a good idea. But if all we get are tax cuts and $23 billion for greener homes, the jobs bill is not going to assuage the unemployment crisis.
There is no reason to be concerned about the cost of a thorough jobs program. Taxpayers committed trillions of dollars to help the financial sector weather the economic storm. Anybody who is worked up about the prospect of spending money on jobs should read Amitabh Pal’s piece for The Progressive. A modest tax on speculative trades of stock and derivatives could easily raise $150 billion a year to finance a robust jobs program.
At this point in the economic downturn, the government needs to take much stronger steps to rein in Wall Street and create jobs. We know what needs to be done to protect the economy from risky banking and we can afford to fix the unemployment crisis. All we need is the political will.
This post features links to the best independent, progressive reporting about the economy by members of The Media Consortium. It is free to reprint. Visit the Audit for a complete list of articles on economic issues, or follow us on Twitter. And for the best progressive reporting on critical economy, environment, health care and immigration issues, check out The Mulch, The Pulse and The Diaspora. This is a project of The Media Consortium, a network of leading independent media outlets.