Black Agenda Radio Commentaries
News, analysis and commentary on the human condition from a black left perspective.

A Black Agenda Radio commentary by Glen Ford

American investors, who refuse to put money into productive enterprise in their own country, are flooding developing nations with destabilizing dollars, creating asset “bubbles” and other dangerous distortions. In defense, nations are collectively rejecting “dealings with U.S. companies, or even transactions in U.S. dollars, in order to insulate themselves from the irresponsibility of U.S. economic rulers.”

 

U.S. Endangers Global Financial Stability

A Black Agenda Radio commentary by Glen Ford

The U.S. decision could set in motion a chain of events that might knock the dollar from its artificial pedestal as the world’s reserve currency.”

When you live in a dying system, expect bad things to happen with quickening regularity. We are now in a general crisis of capitalism, which means that so many things are wrong with the system, it’s hard to predict where the next disaster will come from. Think of an old, worn out, beat up automobile. You don’t dare take a long trip in it because something – you don’t know what, but something – is sure to break down.

Even as the robo-signing scandal reveals massive fraud at the heart of the U.S. mortgage system, which could lead to a kind of meltdown, the U.S. Federal Reserve’s decision to pump $600 billion into the system could set in motion a chain of events that might knock the dollar from its artificial pedestal as the world’s reserve currency. When that happens, the non-military component of U.S. imperialism, will crumble. But that’s a chance Obama’s bankers are willing to take because…well, because creating rivers of money for their fellow bankers to play with is what the Federal Reserve does. The banks were already sitting on $1 trillion in cash when Obama’s crew decided to create $600 billion more out of thin air.

To justify this policy of so-called “quantitative easing,” the Obama administration is singing the same old tired song: that flooding more money into the banking system will result in the banks making more loans to businesses that will then expand their workforces and reduce unemployment. But of course, none of that has happened, because the banks have not loaned the money to U.S. manufacturers, they have hoarded the cash, or used it to buy federal debt, or spent it in their derivatives casinos or sent it overseas to wreak havoc with developing countries’ currencies.

Nations are taking steps to isolate the dollar, to avoid using American currency as much as possible.”

All these billions in U.S. dollars, thrust into the system by Obama’s Treasury and federal bankers, and which do no good for American small businesses and workers, now threaten to create asset bubbles overseas, pushing up prices of land and stock in countries like India and Brazil. In other words, Wall Street is using the oceans of money provided to it by their friends in the Obama administration to export to the developing world the same financial bubbles that ultimately brought down the U.S. economy and created a world financial crisis.

The flood of U.S. cash is also designed to have the effect of making the dollar cheaper. The idea, here, is to make American exports cheaper, which will theoretically create more U.S. jobs. In the real world, the tidal wave of greenbacks threatens to destabilize the planetary financial system. The Americans are viewed as so irresponsible and dangerous to global stability, nations are taking steps to isolate the dollar, to avoid using American currency as much as possible.

This is what I call the redlining of America: when nations collectively reject dealings with U.S. companies, or even transactions in U.S. dollars, in order to insulate themselves from the irresponsibility of U.S. economic rulers. That means the dollar is on the way to losing its position as the world reserve currency. When that happens, all that will be left of the U.S. global empire, is guns.

For Black Agenda Radio, I'm Glen Ford. On the web, go towww.BlackAgendaReport.com.

BAR executive editor Glen Ford can be contacted atGlen.Ford@BlackAgendaReport.com.

Direct download: 20101110_gf_RedliningAmerica.mp3
Category:general -- posted at: 1:16pm EDT

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A Black Agenda Radio Commentary by Glen Ford

Black voters have still not reversed their 75-year record of rejecting Black Republican candidates for majority Black congressional districts. The two new Black Tea Partyers are from mostly white districts, and will have little reason to become involved in Black Caucus affairs. Besides, Black corporate Democrats are fully capable of doing great damage to Black interests, without GOP help.

 

Tea Partyers in the Black Caucus?

A Black Agenda Radio Commentary by Glen Ford

Incoming congressmen Tim Scott of South Carolina and Allen West of Florida will have no influence on the Congressional Black Caucus.”

Congressional Black Caucus chairperson Barbara Lee has announced that the two Black Tea Party supporters elected to Congress from South Carolina and Florida are welcome to join the Black Caucus. That’s no surprise. In its 41-year history, the Black Caucus has always had an official open door policy to non-Democrats. But the CBC has been fortunate that the three Black Republicans elected to the House of Representatives in the last two generations have opted not to complicate the lives of Black Caucus Democrats. Former Oklahoma congressman J.C. Watts declined to join. Connecticut’s Gary Franks, who served from 1991 to 1997, was a nominal Black Caucus member, but totally inactive. And Melvin Evans, a non-voting congressional delegate from the U.S. Virgin Islands, made hardly a ripple in House of Representatives, serving only one term between 1979 and 1981. Senator Edward Brook, of Massachusetts, never joined the Caucus.

Except for the non-voting Melvin Evans, the Virgin Islander, all three of the Black Republicans elected to Congress since the 1930s have represented majority white constituencies. Black voters on the U.S. mainland have not elected a Black Republican to the House since Oscar De Priest lost his seat from Chicago in 1934.

In other words: Republicanism is dead in Black America. Even Republicans no longer believe they can hope to win office by running Black candidates in Black majority districts. In the mid-Nineties corporate strategists decided their best shot at directly influencing Black politics was through the Democratic Party. Rather than beat the dead horse of Black Republicanism, they would finance the careers of a new breed of corporate Black Democrats – like Newark, New Jersey mayor Cory Booker, and outgoing Washington, DC mayor Adrian Fenty, and – the most prominent Black corporate Democrat of all, Barack Obama.

Black voters on the U.S. mainland have not elected a Black Republican to the House since Oscar De Priest lost his seat from Chicago in 1934.”

The corporate shift to financing and nurturing Black Democrats friendly to big business was hugely successful. By 2005, there were enough right-leaning, corporate-friendly members of the Congressional Black Caucus to comprise a mini-caucus of their own. Ten of them voted with Republicans on personal bankruptcy, 8 sided with the enemy on repeal of the Estate Tax, and 11 made common cause with big business on energy issues. Not long afterward, two-thirds of the Black Caucus voted to allow the telecom companies free rein in cable television and the Internet.

With a Democratic Black Caucus like that, who needs Black Republicans?

The Republican Party cannot make significant inroads among Black Americans because the GOP has thrived by being the White Man's Party. It's a winning formula at the ballot box. The Tea Party phenomenon is an even more virulent strain of the same racist disease. Incoming congressmen Tim Scott of South Carolina and Allen West of Florida will have no influence on the Congressional Black Caucus, and if either of them do join, will probably fail to show up for any serious business. The problem with the Congressional Black Caucus is corporate-bought Democrats, who already infest the place.

For Black Agenda Radio, I’m Glen Ford. On the web, go to www.BlackAgendaReport.com.

BAR executive editor Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com.

Direct download: 20101110_gf_BlackGOP.mp3
Category:general -- posted at: 6:30am EDT

A Black Agenda Radio commentary by BAR columnist Jared A. Ball

Michael Eric Dyson, who claims to have recovered from Obama-ism, blames Black youth for failure to save the Democrats from themselves in the past election. Perhaps Dyson and his ilk should consider that non-stop police beatings, imprisonment and frameups of young Black people may “have had something to do with Obama’s 'enthusiasm gap.'” He should also ponder whether “45% unemployment for Black teens might be part of it.”

Dyson's Message to Black Youth: You Are Cowards to Be Blamed, Beaten and Jailed!

A Black Agenda Radio commentary by BAR columnist Jared A. Ball

Michael Eric Dyson seems to blame Black youth for nearly everything that has gone wrong since 1965.”

Michael Eric Dyson has recently produced two very telling video commentaries. To the extent that they may reflect any general trend they are disturbing. But that they do reflect an overall troubling trend in Black politics they are simply sad. The first of the two videos to which I refer is Dyson’s post-mid-term election call to Obama to “be more like Bush” in aggressively promoting his agenda. The other is Dyson’s full-blown attack on youth, particularly Black youth, who he seems to blame for more than just a mid-term election loss but for nearly everything that has gone wrong since 1965. In both cases, according to Dyson, the problem is courage and honor. Obama has been too soft on implementing his agenda and Black children have been absolute cowards who trample on the very civil rights history that produced them.

The first problem with these views is that Obama is indeed acting just like Bush. Dyson’s call for him to be more like Bush is simply redundant and Dyson’s lack of clarity here is unfortunate. Understandably Dyson cannot be seen to have been wrong prior to the 2008 election when he was proudly proclaiming to be the first Black leader to support Obama and defending that decision against all reason by saying we must first get him elected and then exercise some mythical influence. And Dyson isn’t alone here. This was the liberal mainstream pre-election argument. Now that Obama’s corporatist and militarist politics have for two years been on full screen surround sound stereo the Dyson-ites have to call for more bold action as if this was all that was lacking. What the Dyson-ites miss or cannot afford to publicly acknowledge is that Obama is and has been just like Bush and regarding foreign policy more so. Obama is out Bushing Bush! If you have doubts just ask the people of Yemen who will now be dodging the same predator drone missiles Obama has been launching on the people of Pakistan since he took office. And isn’t this just sadly humorous considering Pakistan remains officially an ally of the United States, so much so that during this week’s visit to India Obama was asked why he supports what one young man said of Pakistan, a “terrorist state.”

Dyson and the Dyson-ites are more than encouraged to join the Black Is Back rally November 13 in Washington, D.C. where they might reconnect with the genuine traditions of liberation struggle.”

And as if to simply further a defense of his indefensible position Dyson’s next video is actually an invective against the young, Black youth in particular, who he says lacked the boldness, the “intestinal fortitude” to stand with the president and vote this mid-term. He upholds the conservative ideology of the underclass who are simply too lazy and filled with “self-pity” to help themselves out of their misery. He tells them to, in fact, “grow a pair of brains” and get over themselves and their “self-indulgence.” Even in the same publication, though he reaches equally spurious conclusions that call for more boldness by the Democrats as if that is why they traditionally abandon any real progressivism, James Rucker outlines why Black youth might not have been so excited to come out to vote. Sixteen percent overall Black unemployment and 45% unemployment for Black teens might be part of it. Maybe it’s the choice Democratic leaders make to imprison rather than educate Black and Brown children. Or looking at this week’s non-sentence imposed on killer cop Johannes Mehserle in the Oscar Grant case, or the police beating in Philadelphia of Askia Sabur, or the vicious assault by police on a student at Roxbury Community College or the more rallies needed to save the lives of Troy Davis and Mumia Abu-Jamal have had something to do with Obama’s “enthusiasm gap.”

The Dyson-ites have quite hypocritically denied pre-election education, critical analysis, and movement-development by their only seasonal push to get out the vote and their pre-Obama-election stamping out of dissent. To only now return two years later to blame Black youth for not sheepishly returning to the polls on cue to save a man and a party that cannot even be said to have turned on them because they never were with them in the first place is just ridiculous. Whether it was a foolish refusal to engage the youth vote this time around or a well-planned attempt to triangulate themselves out of having to act on their own false claims of progressivism, the fact remains that for two years nothing has been done to earn the support of the youth and their refusal to return should be seen as more revolutionary than cowardly.

Dyson and the Dyson-ites are more than encouraged to join the Black Is Back rally November 13 in Washington, D.C. where they might reconnect with the genuine traditions of liberation struggle that should be flamed into the movements that will produce the leadership they claim they want. But whatever you do, take it from the Peter Tosh classic anthem, “You Can’t Blame the Youth!”

For Black Agenda Radio I’m Jared Ball.

Bookmark and make your daily visit online to BlackAgendaReport.com. And for a more complete and honest look at the condition of the youth and their response to the mid-term elections hear our round table radio discussion on Hip-Hop and Politics with activists and educators Lumumba Bandele, Rosa Clemente and Dr. Chris Tinson online at voxunion.com.

Jared Ball can be reached via email at: freemixradio@gmail.com.

Direct download: 20101110_jb_BlackYouth.mp3
Category:general -- posted at: 7:47pm EDT