The Logic and Illogic of Climate Change Denial

The news that a large ice shelf in Antarctica has begun to collapse may not be as important as Karl Rove's opinion of Hillary Clinton's glasses, or Timothy Geithner's descriptions of the early years of Barack Obama's presidency, but it should still not be ignored entirely. Although there are still some, including unfortunately powerful government officials like Senator Marco Rubio (R-Fl), who do not recognize the import, or indeed reality, of global climate change, and the role of human activity in that, climate change can no longer be ignored.

Barack Obama and the Future of Democratic Unity

It was not that long ago, after all, when the Democratic Party seemed about to be torn apart due to a rift pitting affluent liberals and African Americans on one side and Latinos and working class whites on the other. There also was great concern over whether white women would still remain loyal to the party after the harsh treatment they perceived Hillary Clinton as facing during the 2008 primary season. All that, of course, seems very much like ancient history now.

The First 100 Days: A Whole That Is Greater Than Its Parts

Placing Obama's first 100 days in context is important because for the first 100 days, at least, the whole outweighs the sum of its parts. Not only have Obama's first 100 days been by far the best of any president of my lifetime, but they began not a day too soon. The country was reeling economically, directionless in foreign policy, losing credibility and support abroad and suffering a crisis of confidence at home when Obama became president. Obama has begun to turn all of this around. Moreover, even though Obama has not been a constant optimist in the White House he has restored confidence both abroad and domestically as most Americans believe our new president is, for the most part, leading us in the right directions. There have also been a range of less high profile issues including stem cell research, national service, allowing science back into policy and, frankly, bringing a sense of normalcy back to Washington, for which Obama also deserves credit. Ultimately, what stops Obama from getting an A is his approach to addressing finance and banking issues, so his final grade is A-.

 

Wall Street's Credibility Problem

Monday saw a very interesting and telling moment as the newest iteration of Treasury Secretary Timothy Geithner's banking recovery was met on Wall Street by a jump in the Dow Jones of almost 500 points, a gain of fully seven percent. The big gains on Wall Street occurred amidst several days of bad press and attacks on the banking recovery plan, the AIG bonuses and Secretary Geithner in general from across the political and media spectrum. Progressive economists such as Paul Krugman attacked the plan as being insufficient and essentially the same as the original Bush/Paulson "cash for trash" plan, while conservative Congressman Eric Cantor (R-VA) referred to Geithner's plan as a "shell game.