ChickenBones: A Journal
for Literary & Artistic African-American Themes
There are indeed those Obama apologists who suggest their black prince is weak when
they say that his foreign policy decision-making is derived from Hillary Clinton. But I do
not think that derivation claim is true at all. It has to do with Mr. Obamas own approach
and callousness to win reelection at any cost and his desire to placate his Republican
detractors and opponents, hoping blindly to win their gracious regard.
Books by Herman Cain
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Banishing Cain and Triple Nines
By Rudolph Lewis
Mr. Cain is rendered a buffoon and Mr. Obama as a weakling and an abject failure. Wilson
Wilson, we agree. Those who “render” Mr. Cain a “buffoon” have yet to firmly grasp the character of the man. They overlook his three-dimensionalityas well as his personal, educational, and professional careerand that of numerous well-off black businessmen and professionals in corporate and public service. Mr. Cain is performatively unique and is possessed by many more racial complexities than are allowed, not allowed by his detractors because of a bias against his politics, of the boldness of his membership in the Republican Party while most of his peers align themselves hypocritically with so-called liberal Democrats, when they are not at all liberal.
Mr. Cain’s style or appeal involves the devices of Southern humor and religion, which is in great contrast to the rhetorical devices used by blacks in New England or the Midwest. That rhetorical style includes a kind of hucksterism that is very much a part of our American traditions, as we see in Sinclair Lewis’ Elmer Gantry. Though not my own preference I do see it for what it is: a subterfuge to impress that audience which now exists in the Republican corewhite men and their wives and girlfriends who have an education of a high school diploma who shy away from those blacks who they feel talk down to them, like Mr. Obama and other academic-styled politicians.
As an aside, I never cared for the rhyming style of Jesse Jackson or the hair konking of Al Sharpton, which reminds me of a past I rather forget. These two leaders have been political disappointments, as well, with regard to both their views on domestic and foreign policies. Easily, they could be referred to as falsely dramatic and political sell-outs. But I overlook their personal styles and I reserve my political criticisms of them.
Mr. Cain’s views are rather mainstream among many wealthy and powerful blacks (and many lower-middle-class blacks, as well, who work for the city, state and federal governments) who unveil themselves in the backrooms, or in their jobs as policemen or transit workers, and in some ways their views are not unlike those class views carried by Mr. Obama himself, though in a more sophisticated manner. Some of those views we decried before Mr. Obama became president and similar ones since he became president in his description of black men and black boys and their lack of responsibility, and then there was Mr. Obamas stated lack of obligation to the economic crises within the urban and rural black communities. (Obama Loses Cool At Black Caucus Dinner). These statements made in face of their racial loyalty to him.
We will never know for certain what acts Mr. Cain would have committed as president in domestic or foreign policies. But anything and almost anything is said on the campaign field with regard to policies domestic and foreign, views that are never carried through or impossible to carry through because of political opposition or because of polls, as in the attempts made by Mr. Bush to privatize Social Security. None believed that Mr. Cains economic policy had a snowball chance in hell of getting through Congress, as no one believe Paul Ryans “Road Map” or other 2011 Republican bills submitted had chances of passage and becoming law or amendments to the Constitution. If you want to call Mr. Cain a demagogue, I’d readily agree.
But all these politicians on the whole seem to be demagogues, even retiring Barney Frank. But Mr. Cain’s style is not that which is at issue, anymore than Jesses rhyming or Als James Brown hairstyle, or Franks sexuality. The rabid denunciations of Mr. Cain, especially on MSNBC (called sexual predator and molester), speak to the extent to which some black pundits (male and female) are willing to go to defend Mr. Obama, to show how “progressive” they are, or to collect that needed paycheck from their liberal bosses at GE, Inc. Of course, if Mr. Cain would have made similar decisions as those Mr. Obama has made, he would be deserving indeed of a political denunciation.
Those very same black political pundits smartly align themselves with Mr. Obamas murderous foreign policy decisions, applauding and grinning at his macho boasting of saving America, while smugly denouncing Mr. Cains uncertain decisions how he might handle Libya and China, foregoing curiously questioning the constitutionality of Mr. Obamas foreign policy decisions (Information Clearinghouse and Jurist). I prefer Mr. Cains present foreign policy ignorance and reserve to Mr. Obamas deadly active intelligence.
Those who render Mr. Obama “a weakling and an abject failure” tend to be Republicans who hate the man because of his race and his politics. I would never say that his presidency is an absolute or an “abject” failure, though I am quite disappointed with his second year kowtow to the Republican Party after the fall 2010 elections. The $1000 payroll tax rise would have been worth ending the Bush tax cuts for the well-off. Playing politics, Mr. Obama went for the okey-doke. But I warned Mr. Obama in 2009 in an open letter to beware how he deals with Republicans. But Mr. Obama trusts a limited kind of advice, usually non-black advisors: he has isolated himself among white moderates and conservatives who do not feel comfortable with race and racial advice. Randall Kennedy, with great sympathy, said as much in his Obama book. So did Cornel West. Mr. Obama, however, loves Susan Rice, the US neo-con and warmonger at the UN.
There are indeed those Obama apologists who suggest their black prince is weak when they say that his foreign policy decision-making is derived from Hillary Clinton. But I do not think that derivation claim is true at all. It has to do with Mr. Obamas own approach and callousness to win reelection at any cost and his desire to placate his Republican detractors and opponents, hoping blindly to win their gracious regard. That tactic was a political idiocy, one which most outside the Obama administration seem to know would be counter-productive in satisfying Republicans unless Mr. Obama was willing to completely capitulate to the Republicans in the House. They had him trapped on all sides. For if he capitulated completely, then his presidency would have indeed been an abject failure and he could not have gained the nomination of his party for a second term.
In short, Mr. Obama has been too smart by half. And since August has had to turn on his heels and become a demagogue for the poor and the working classes. The accusation of class warfare is not altogether inaccurate. The problem is its lack of depth. In the last few months, Mr. Obama has been using his presidency (executive orders) as a means of purchasing votes. This new populism has had some impact in the polls. But it falls short of 50% because most of the electorate do not trust the man not to negotiate away big items, social programs that advance the interests of the poor and the working classes, like Social Security and Medicare. As far as his overseas political decisions, the bogus political claim about his foreign policy decision-making, I believe, is merely an apology for Obama’s murderous and destructive behavior and a desire to cast Mr. Obama as squeaky clean (morally and ethically), as well as projecting his worse traits and tendencies onto Hillary Clinton because of a latent political hatred for her.
That is not to argue against the view that Mrs. Clinton is coarse and callous and filled with hatred of certain political types in Africa and the Middle East whose politics different from her own: “We came, we saw, he’s dead” (Ha, ha, ha!). Does she have an imperial and self-righteous attitude? Yes. Does Obama? Yes. So the President and his Secretary are peas in a pod. In accord, much more so than Mr. Obama and his retiring Secretary of Defense, who recommended that the U.S. stay away from the Libyan issue. But Mr. Obama is a secretive man, much more so than Mr. Cain. Mr. Obama does not listen to his military generals. He listens rather to the CIA and other intelligence agencies, which employ and direct illegal measures including mercenaries to exact foreign policy decisions.
Many agree, as you well know, Mr. Obama was/is heavily influence by the Clinton presidency which was heavily influenced by the Reagan presidency, with respect to issues of limited government and foreign policy. Remember the attack on Sister Souljah and the demolition of AFDC for mothers and children. Remember Reagan’s creation of the contras. Mr. Obama has his own contras in Libya and other African nations.
Is Mr. Obama weak when it comes to “terrorists? No, he is a real badass. Has he behaved as a weakling when it comes to white influentially wealthy Republicans in Congress? Yes. He has become known as a negotiator and compromiser, and the worst kind. He negotiates away what the blood and sweat of others have obtained, none of which was won by him but rather by the sacrifices of others. So Mr. Obama, one may say, has been a weakling in his domestic stances for what the American people most need, namely, clarity of financial principles, efforts that will help most American sustain a standard of living that will support dreams they have for their children. Abroad he has been a bully and a quisling to right wing Israel and Israeli sympathizers, while wholly unsympathetic toward the tragedy of Palestinians and their just cause for respect, defense of their wives and children, and hopes for a state of their own (President Obama UN General Assembly Speech).
Mr. Cains troubles have come to an end. He has spared his wife from farther onslaughts of the most vicious campaign ever conducted by the liberal media against an individual, whether black or white. I will regret his smugness as well as his humor on the public stage. I never thought he had a chance of capturing the presidential nomination. I always saw him on the ticket in the second slot. Liberals forgave Bill Clinton and he has returned much admired in some black circles, though rather disparaged by Haitians for imperial and exploitive designs in their country. Mr. Cain might still remain a dangerous man, politically, with a possible influence in such swing states as Pennsylvania, Ohio, and Florida. At the GOP convention Mr. Cain by compromise may still gain the second slot and impact the outcome of the 2012 presidential election in favor of the Republican nominee. The Tea Party electorate might indeed settle for a Romney-Cain ticket, as well as many disappointed Democratic voters.
5 December 2011
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By Herman Cain
While Herman Cain has been the host of a popular conservative Atlanta-area radio talk show called The Herman Cain Show, a different name originally captured American interest. As CEO, Herman Cain transformed Godfathers Pizza from a company teetering on the verge of bankruptcy into a household word. Cainas those with an interest in commonsense solutions to political problems will rememberis also famous for using the language and logic of everyday business to expose the fallacies inherent in Clinton assumptions about Hillarycare during a 1994 televised town hall meeting.
Herman Cains rise is the embodiment of the American dream. His parents, Luther and Lenora Cain, made a living the only way black people could in the 40s and 50s. Luther held down three jobs, including being a chauffeur; Lenora cleaned houses. They had two big dreams: to buy a house and to see their sons graduate from college. With dedication and hard work, they made both these dreams come true. In this thrilling memoir, Herman Cain describes his past and present . . . and the future he is determined to create, a future that will put our country back on track. His message resonates because he describes the American reality, and his down-to-earth personal tale of hope and hard work is both unforgettable and inspirational.
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Weaknesses of Cain and Obama
This evening, for example, MSNBC quite rightly characterized Donald Trump as a clown,
and the entire Republican campaign as a clown show. Cain deserves the same treatment.Wilson
Wilson, as in this case, your assessment of political situations is usually more accurate, concise, and informed than my own. My rancor probably has less to do with the noise against Mr. Cain and more to do with the complying silence and lack of criticism by black pundits and black progressives of the President’s bloody war policies. This racial reticence may be indeed endearing coming from our good African-American citizens who desire ardently to be loyal Americans and long with the President for God to bless the United States of America.
They set a dangerous precedent, however, these Obama supporters. These kinds of imperial acts modeled by Mr. Obama should have been nipped in the bud with loud and immediate verbal criticism, which should have come also forth from our informed mainstream black leaders like those in the Congressional Black Caucus. Their collusion, along with that of Jesse Jackson and Al Sharpton, will be recalled later once Republicans regain the presidency. And black political hypocrisy will be dragged out and sounded loud and clear for the racial double standard. Racial love does not always jibe with a sweet smelling conscience that seeks out injustice in the world and brings it out into the bright light of day. The former must be banished ever for the latter.
I am far less troubled than you and others by the ignorance of the present crop of Republican presidential candidates, including that of Mr. Cain. His humor and honesty are endearing. Bush the 2nd set this new standard of ignorance during his decade on the political stage. He became quite an expert, however, on countries in the Middle East and Africa. Mr. Cain nor the other candidates (I suspect) are beyond learning what is needed to push forward America’s dominating imperial policy. If Bush the 2nd could learn so can Mr. Cain. In any case we can no more trust the assessments of Democratic Party leaning MSNBC than we can trust Tea Party leaning FOX News. They both make use of the worst truth distorting devices of propaganda.
I know how to read these political signs that come from Republicans and Democrats, especially during campaign season. I know what happened if others have covered or hide their eyes behind their hands or the sweet smiles of Mr. Obama and Mr. Romney. Initially, Mr. Obama was thought to be a shoe in for reelection. 2nd rate candidates were thus shoved onto the field the RNC to skirmish with Mr. Obama. The real winnable presidential contest they figured would come in 2016. But Mr. Obama has been weakened beyond expectations by Congressional machinations and full court attacks from all quarters and by worse of all political misjudgments made by the President himself.
Mr. Obama has insulted his natural allies in the Democratic Party, antagonized and alienated those progressives who struggled ardently for his election, chastised those blacks who support and love him by speaking of all boats rising with the tide. On the whole he has tossed out crumbs to Hispanics while punishing them with new prisons and deportations. The youth of all colors who supported him 2008 have found Obama World depressing, very short of economic hopes for the future. So we have before us an opportunity for the GOP to win even with a second string team, with Mr. Romney at center.
But the second team did not practice and take the game seriously and so they seem to have squandered an opportunity to take the prize while the first team sat on the bench waiting for a better time and an easier opponent. The attacks against Mr. Cain were no accident, not the result of excellent investigatory journalism. A tip came from well-aware sources who desired to counter the discovery of Florida straw poll delegates, that the President may indeed be weakened. Mr. Cain might possibly pull away some black sympathizers and anti-Obama blacks and maybe even some white Democrats to cause key swing states to line up in the GOP column. And so to counter the move of the Florida Republicans, the tipsters, Chicago racist Democrats (I understand), passed on Cain information of a sexual nature to some racist Republican (who preferred Rick Perry who was falling fast in the polls) to drive Mr. Cain from the political scene in disgrace, to eliminate his chances altogether.
And so the media (POLITICO among others) were handed these sexual harassment records. And the ball began to roll. Contacts were made. Lawyers were sought. And the liberal media (MSNBC) seized the moment and the grinning obligated black pundits who love Mr. Obama lined up to show how diligent and faithful they were to the President, the progressive cause, and to MSNBC. And their attacks picked up a foul smelling steam and flooded into the mouths of comics and character smashers paid and unpaid. And women with questionable backgrounds and morals were trotted out as angels of the womens movement and righteous feminists willing to chase King Kong Cain from his spiritual mountain. These opportunistic white females were rushed out of the woodwork of Mr. Cains professional career to morally condemn him as unworthy of even seeking the presidential nomination. A debased political correctness these days make any charge of sexual harassment credible and Gods holy truth, especially when the individual becomes an enemy of the state or a viable political threat.
Has Mr. Cain indeed been finished off by the Chicago hoods of the Democratic Party? Not fully. The high school educated white electorate (Tea Party sympathizers) did not react or respond in a predictable manner, that is, hang the nigger that been messing over our white women. Southern culture has indeed advanced. Rather the Tea Party electorate along with Republican pundits saw the game for the ruse that it was, and they didn’t run away from Mr. Cain, but rather stayed on his train, as he quipped. But the trip was becoming a roller coaster when Miss Ginger told her sob story “in support” of the “other Cain women.” Although Cains high school educated supporters understood the liberal feminist ploy, they were being emotionally overwhelmed, though Mr. Cain remained high in the polls. His poll numbers did not collapse as the liberal Democrats hoped and expected. But Mr. Cain, and his handlerswho were far ahead of the gamedid not expect to be as convincing and as credible as Mr. Cain became in the presidential candidate polling.
Mr. Cains campaign had thus enjoyed an overwhelming success. He had begun with little money, little organization, and little hopes. But his swagger and daring changed the political landscape: exposed a Democratic/Republican collusive conspiracy, the immorality of the liberal media, the black media lackeys, opportunists willing to do whatever for a payday. His dynamic campaign will be well remembered for his lack of bitterness and balance. Suspension of his campaign was no great tragedy but rather a good strategy, as a means of renewing the campaign against Mr. Obama and his Democrats. The suspension move will stop the bleeding heart women rushing into the arms of a receptive media to tell their Cain story. In six months a new political game will be afoot: all Republicans will be on board for their presidential nominee.
Mr. Cain will then be free of the sexual nuisance. If other women come forth after a six-month hiatus we will know for certain the Democrats were those behind the fall smear campaign of 2011. The 2012 scenario will be most likely then a Romney-Cain ticket, a brilliant move to satisfy the Tea Party as they seek to retire Mr. Obama and send him back to Chicago.
6 December 2011
Rudolph Lewis, Editor
ChickenBones: A Journal
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Send in the CluelessPaul Krugman4 December 2011The Washington Post quotes an unnamed Republican adviser who compared what happened to Mr. Cain, when he suddenly found himself leading in the polls, to the proverbial tale of the dog who had better not catch that car hes chasing. Something great and awful happened, the dog caught the car. And of course, dogs dont know how to drive cars. So he had no idea what to do with it. The same metaphor, it seems to me, might apply to the G.O.P. pursuit of the White House next year. If the dog actually catches the carthe actual job of running the U.S. governmentit will have no idea what to do, because the realities of government in the 21st century bear no resemblance to the mythology all ambitious Republican politicians must pretend to believe. And what will happen then?
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Excerpts compiled by Rudolph Lewis
Interviewed by Kam Williams
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Performing Herman CainMark Anthony Neal
The oft-cited example of Cains experiences at Morehouse College in the 1960s, where his father insisted that he stay out of trouble, in an era when Black college students were indeed starting trouble and changing the world for the bettereven at an institution known today for its marked social conservatism. This admission on Cains part, no doubt strikes a chord for potential voters who still read President Obama as postmodern Black Power radical, as embodied in the frank racial talk of his life partner Michele Obama during the throes of the 2008 primary season.
That bit of autobiographical positioning on Cains part was easy; more deliberateand complicatedhas been his performance of spirituals, at any number on campaign events. His willingness to take on the role of the minstrelthe American brand of traveling bards who traveled the country, telling stories of far away lands, and not to be mistaken with the black-faced variety, who traveled the land embodying the other in Blacknesshas in some way been a stroke of performative genius, no matter how uncomfortable it makes the Black rank-and-file feel.
The songs are a gesture towards nostalgia, a way to make some Whites more comfortable with Cain, and clearly not a performance for simply performance sake; Cain has clearly been singing these songs all of his life and sounds pleasing doing so. Quiet as its kept; Cains gestures were every bit as effective as the Presidents dirt off my shoulder gesture, which quickly became part of the mythical lore that has characterized Candidate Barack Obama.
An Inconvenient Truth for a Post Racial PresidentLenny McAllister7 December 2011It is both a little late and a little condescending for President Obama to claim accomplishments in aiding Black America after spending the past few years avoiding the politics of race.For the most part, the Obama Presidency h
as been marked with years of notable silence on issues such as double-digit unemployment and eroding educational quality impacting Black America at epidemic levels. Now with the White House in full campaign mode, the administration has recently released The Presidents Agenda and the African American Community, a 44-page test of Black Americas collective memory concerning Obamas performance and advocacy.
Our collective response to the report will highlight whether President Obama will have to answer some tough questions from Black folks in 2012 or if he can sure up his most supportive voting basea base that also requires the least amount of accountability from him. The title of this report itself is ironic, especially in light of Mr. Obamas track record on the presidential stage. All throughout, he has worked constantly to shed the image of being a Black president or even a president that openly exhibits an affinity and connectivity to Black America on a regular basis.
For example, the presidents agenda for addressing the double-unemployment rate of Black adult workers (compared to their White counterparts) and the
over 40% unemployment rate of Black youth can be summarized with his statements to Black leaders in 2010 . . . a rising tide (for the nation) lifts all boats. . . . The White House report brags on President Obamas desire to extend unemployment benefits to 1.4 million African-Americans, yet that effort only epitomizes the lack of true visionary advocacy that the president should have for Black people. Fighting for unemployment extensions for all Americans is not a specific fight for Black Americans that statistically face a much tighter economic crunch during this Recession.Politic365
Eric Holder: Nation of Cowards (video)
that Americans are “a nation of cowards” on the subject of race. Asked if he agreed, the president said: “I think its fair to say that if I had been advising my attorney general, we would have used different language. I think the point that he was making is that were oftentimes uncomfortable with talking about race until theres some sort of racial flare-up or conflict, and that we could probably be more constructive in facing up to the painful legacy of slavery and Jim Crow and discrimination. “But what I would add to that is the fact that weve made enormous progress and we shouldnt lose sight of that. And Im not somebody who believes that constantly talking about race somehow solves racial tensions. I think what solves racial tensions is fixing the economy, putting people to work, making sure that people have health care, ensuring that every kid is learning out here. I think if we do that, then well probably have more fruitful conversations.”Politico
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While the national unemployment rate was down a bit to 9.7% last month, African-American unemployment was still 16.5%. This was part of our effort to raise our voices and raise the level of concern about the jobs crisis, said Marc Morial, president and CEO of the National Urban League. Also attending were Benjamin Jealous, president of the NAACP, and the Rev. Al Sharpton, president of the National Action Network. Dorothy Height, chairwoman of National Council of Negro Women, was unable to make it to the meeting due to the blizzard that hit the region.
A White House official said the discussion addressed the challenges facing economically disadvantaged communities and the variety of efforts to extend support and opportunity during this economic recovery. Jealous said that the president was sympathetic to their concerns about concentrated joblessness but also argued that a rising tide lifts all boats and that his job is to be president of the whole country. Obama, according to Sharpton, made it clear that his jobs program will not single out African-Americans, but would help all people in need. We wanted to set a tone for involvement, said Sharpton. We are not looking for a race-dominated argument, but we dont want to be left out, either.
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Black economic gains reversed in Great Recession9 July 2011Economists say the Great Recession lasted from 2007 to 2009. In 2004, the median net worth of white households was $134,280, compared with $13,450 for black households, according to an analysis of Federal Reserve data by th
e Economic Policy Institute. By 2009, the median net worth for white households had fallen 24 percent to $97,860; the median black net worth had fallen 83 percent to $2,170, according to the EPI.
Algernon Austin, director of the EPI’s Program on Race, Ethnicity and the Economy, described the wealth gap this way: “In 2009, for every dollar of wealth the average white household had, black households only had two cents.” Since the end of the recession, the overall unemployment rate has fallen from 9.4 to 9.1 percent, while the black unemployment rate has risen from 14.7 to 16.2 percent, according to the
“I would say the recession is not over for black folks,” Austin says. He believes more black people than ever before could fall out of the middle class, because the unemployment rate for college-educated blacks recently peaked and blacks are overrepresented in state and local government jobs that are being elimin
ated due to massive budget shortfalls.
Maya Wiley, director of the Center for Social Inclusion, says the anti-discrimination laws passed in the 1960s took decades to translate into an increase in black economic security and that was before the recession. “History is going to say that the black middle class was decimated” over the past few years, Wiley says. “But we’re not done writing history.”
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Exit polls: How Obama wonDavid Paul Kuhn5 November 2008The Illinois senator won 43 percent of white voters, 4 percentage points below Carters performance in 1976 and equal to what Bill Clinton won in the three-man race of 1996. Republican John McCain won 55 percent of the white vote. Fully 96 percent of black voters supported Obama and constituted 13 percent of the electorate, a 2-percentage-point rise in their national turnout. As in past years, black women turned out at a higher rate than black men. A stunning 54 percent of young white voters supported Obama, compared with 44 percent who went for McCain, the senator from Arizona. In the past three decades, no Democratic presidential nominee has won more than 45 percent of young whites. It also appears youth turnout rose 1 point since 2004, to constitute 18 percent of the electorate.
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Wealth Gaps Rise to Record Highs Between Whites, Blacks, Hispanics Twenty-to-OneTaylor, et al26 July 2011 The Pew Research analysis finds that, in percentage terms, the bursting of the housing market bubble in 2006 and the recession that followed from late 2007 to mid-2009 took a far greater toll on the wealth of minorities than whites. From 2005 to 2009, inflation-adjusted median wealth fell by 66% among Hispanic households and 53% among black households, compared with just 16% among white households.
As a result of these declines, the typical black household had just $5,677 in wealth (assets minus debts) in 2009; the typical Hispanic household had $6,325 in wealth; and the typical white household had $113,149. Moreover, about a third of black (35%) and Hispanic (31%) households had zero or negative net worth in 2009, compared with 15% of white households. In 2005, the comparable shares had been 29% for blacks, 23% for Hispanics and 11% for whites. Hispanics and blacks are the nations two largest minority groups, making up 16% and 12% of the U.S. population respectively.
Note: One should take a careful look at the phrasing in the above presidential appeal to the “African America Community.” It is not an “African American Agenda” by the President but a “President’s Agenda.” It is always when it comes to black Americans about Mr. Obama than about black American communities.
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Close Ties to Goldman Enrich Romneys Public and Private LivesNicholas Confessore, Peter Lattman, and Kevin Roose27 January 2012 When Bain Capital sought to raise money in 1989 for a fast-growing office-supply company named Staples, Mitt Romney, Bains founder, called upon a trusted business partner: Goldman Sachs, whose bankers led the companys initial public offering. When Mr. Romney became governor of Massachusetts, his blind trust gave Goldman much of his wealth to manage, a fortune now estimated to be as much as $250 million. And as Mr. Romney mounts his second bid for the presidency, Goldman is coming through again: Its employees have contributed at least $367,000 to his campaign, making the firm Mr. Romneys largest single source of campaign money through the end of September.
No other company is so closely intertwined with Mr. Romneys public and private lives except Bain itself. And in recent days, Mr. Romneys ties to Goldman Sachs have lashed another lightning rod to a campaign already fending off withering attacks on his career as a buyout specialist, thrusting the privileges of the Wall Street elite to the forefront of the Republican nominating battle. . . . But other elements of Mr. Romneys personal and business ties to Goldman may prove more controversial. Bains mid-1990s acquisition of Dade Behring, a medical device maker with factories in Florida, has become a totem of the economic upheaval that private equity can inflict. Goldman invested in the acquisition, which brought the bank $120 million and Bain $242 millionbut led to the layoffs of hundreds of workers in Miami.
Democrats hammered Mr. Romney over the deal this week. When Mr. Romney was building Bain into one of the worlds premier private equity firms, Goldmans bankers clamored for Bain business, and won assignments advising or financing an array of Bain deals, including Bains 1997 $800 million buyout of Sealy, the nations largest mattress company, which it later sold. As Mr. Romney amassed his fortune, Goldman also offered up the services of an elite Boston-based team in the banks private wealth management unit. The relationship gave him access to Goldmans exclusive investment funds, including private equity vehicles known as Goldman Sachs Capital Partners.
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Herman Cain endorses Newt Gingrich for presidentKim Geiger28 January 2012 Former Republican presidential candidate Herman Cain endorsed Newt Gingrich for president Saturday night in what was billed as a surprise appearance by the retired pizza chain executive. I hereby officially and enthusiastically endorse Newt Gingrich for president of the United States, Cain said in a brief speech at the Palm Beach County GOP Party Lincoln Day Dinner in West Palm Beach, Fla. . . . One of the biggest reasons is the fact that I know that Speaker Gingrich is a patriot, Cain said. Speaker Gingrich is not afraid of bold ideas. And I also know that Speaker Gingrich is running for president, and going through this sausage grinderI know what this sausage grinder is all about. I know that hes going through this sausage grinder because he cares about the future of the United States of America. We all do.
Cain dropped out of the Republican presidential race in December after repeated allegations that he had inappropriate.LaTimes
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#19 – John Oliver Killens: A Life of Black Literary Activism by Keith Gilyard
#20 – Alain L. Locke: The Biography of a Philosopher by Leonard Harris
#21 – Age Ain’t Nothing but a Number: Black Women Explore Midlife by Carleen Brice
#22 – 2012 Guide to Literary Agents by Chuck Sambuchino #23 – Chicken Soup for the Prisoner’s Soul by Tom Lagana #24 – 101 Things Every Boy/Young Man of Color Should Know by LaMarr Darnell Shields
#25 – Beyond the Black Lady: Sexuality and the New African American Middle Class by Lisa B. Thompson
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By H. W. Brands
In Greenback Planet, acclaimed historian H. W. Brands charts the dollar’s astonishing rise to become the world’s principal currency. Telling the story with the verve of a novelist, he recounts key episodes in U.S. monetary history, from the Civil War debate over fiat money (greenbacks) to the recent worldwide financial crisis. Brands explores the dollar’s changing relations to gold and silver and to other currencies and cogently explains how America’s economic might made the dollar the fundamental standard of value in world finance. He vividly describes the 1869 Black Friday attempt to corner the gold market, banker J. P. Morgan’s bailout of the U.S. treasury, the creation of the Federal Reserve, and President Franklin Roosevelt’s handling of the bank panic of 1933. Brands shows how lessons learned (and not learned) in the Great Depression have influenced subsequent U.S. monetary policy, and how the dollar’s dominance helped transform economies in countries ranging from Germany and Japan after World War II to Russia and China today. He concludes with a sobering dissection of the 2008 world financial debacle, which exposed the power–and the enormous risks–of the dollar’s worldwide reign. The Economy
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This book explodes several myths: that selling sex is completely different from any other kind of work, that migrants who sell sex are passive victims and that the multitude of people out to save them are without self-interest. Laura Agustín makes a passionate case against these stereotypes, arguing that the label ‘trafficked’ does not accurately describe migrants’ lives and that the ‘rescue industry’ serves to disempower them. Based on extensive research amongst both migrants who sell sex and social helpers, Sex at the Margins provides a radically different analysis. Frequently, says Agustin, migrants make rational choices to travel and work in the sex industry, and although they are treated like a marginalised group they form part of the dynamic global economy. Both powerful and controversial, this book is essential reading for all those who want to understand the increasingly important relationship between sex markets, migration and the desire for social justice. “Sex at the Margins rips apart distinctions between migrants, service work and sexual labour and reveals the utter complexity of the contemporary sex industry. This book is set to be a trailblazer in the study of sexuality.”Lisa Adkins, University of London
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From The World and Africa, 1965
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posted 6 December 2011