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Books by Herman Cain
Leadership is Common Sense
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Speak as a
Leader /
They Think You're Stupid
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This Is Herman Cain!: My Journey to the White House
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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-dimensionality—as well as his personal,
educational, and professional career—and 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 core—white 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. Obama’s 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. Cain’s economic policy
had a snowball chance in hell of getting through
Congress, as no one believe
Paul Ryan’s "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 Jesse’s rhyming or Al’s
James Brown hairstyle, or Frank’s 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. Obama’s murderous foreign policy decisions,
applauding and grinning at his macho boasting of saving
America, while smugly denouncing Mr. Cain’s uncertain
decisions how he might handle Libya and China, foregoing
curiously questioning the constitutionality of Mr.
Obama’s foreign policy decisions (Information Clearinghouse
and
Jurist).
I prefer Mr. Cain’s present foreign policy ignorance and
reserve to Mr. Obama’s 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. Obama’s 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. Cain’s 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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|
This Is Herman Cain!: My Journey to the
White House
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 Godfather’s
Pizza from a company teetering on the verge
of bankruptcy into a household word. Cain—as
those with an interest in commonsense
solutions to political problems will
remember—is 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
Cain’s 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 women’s 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. Cain’s 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 God’s 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 Cain’s 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 handlers—who were far ahead of the
game—did not expect to be as convincing and as credible
as Mr. Cain became in the presidential candidate
polling.
Mr. Cain’s 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 Clueless—Paul
Krugman—4 December 2011—The 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 he’s chasing. “Something great and awful
happened, the dog caught the car. And of course, dogs don’t 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 car—the actual job of running the
U.S. government—it 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? — NYTimes
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Performing
Herman Cain—Mark Anthony Neal —The
oft-cited example of Cain’s 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 better—even at an institution known today
for its marked social conservatism. This admission on
Cain’s 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 Cain’s part was easy;
more deliberate—and complicated—has been his performance
of spirituals, at any number on campaign events. His
willingness to take on the role of the minstrel—the
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 Blackness—has 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 it’s kept; Cain’s
gestures were every bit as effective as the President’s
“dirt off my shoulder” gesture, which quickly became
part of the mythical lore that has characterized
Candidate Barack Obama.— newblackman
Exploring Romney's Shifting Stances
An Inconvenient Truth
for a Post Racial President—Lenny McAllister—7 December 2011—It
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
President’s Agenda and the African American Community,”
a 44-page test of Black America’s collective memory concerning
Obama’s 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 base—a base that also
requires the least amount of accountability from him. The title
of this report itself is ironic, especially in light of Mr.
Obama’s 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
president’s “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 Obama’s 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
Black Unemployment Jumped To Staggering New Highs in
August /
Eric Holder:
Nation of Cowards
(video)
Obama on "nation of
cowards" remark—7 March 2009—In his
interview with the New York Times today, Obama took
Attorney General Eric Holder to task for his
remark last month
that Americans are "a nation of cowards" on the
subject of race. Asked if he agreed, the president said:
"I think it’s 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 we’re oftentimes
uncomfortable with talking about race until there’s 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 we’ve made
enormous progress and we shouldn’t lose sight of that. And I’m
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 we’ll probably
have more fruitful conversations."—Politico
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Obama, Black Leaders Talk Jobs—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 don’t want to be left out,
either.”— WSJBlog
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Black economic gains reversed in Great Recession—9 July
2011—Economists 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
Department of Labor.
"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."— USAToday
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Exit polls: How Obama
won—David Paul Kuhn—5 November 2008—The Illinois senator won
43 percent of white voters, 4 percentage points below Carter’s
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.— Politico
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Wealth Gaps Rise to
Record Highs Between Whites, Blacks, Hispanics Twenty-to-One—Taylor,
et al—26 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 nation’s two largest minority groups, making
up 16% and 12% of the U.S. population respectively.— PewSocialTrends
The President’s Agenda and the African American
Community—November 2011
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.—RL
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Close Ties to Goldman
Enrich Romney’s Public and Private Lives—Nicholas Confessore,
Peter Lattman, and Kevin Roose—27 January 2012— When Bain
Capital sought to raise money in 1989 for a fast-growing
office-supply company named Staples,
Mitt Romney, Bain’s founder, called upon a trusted business
partner: Goldman Sachs, whose bankers led the company’s 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. Romney’s largest single source of campaign money through the
end of September.
No other company is so
closely intertwined with Mr. Romney’s public and private lives
except Bain itself. And in recent days, Mr. Romney’s 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. Romney’s personal and business ties to
Goldman may prove more controversial. Bain’s 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
million—but 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 world’s premier private equity firms,
Goldman’s bankers clamored for Bain business, and won
assignments advising or financing an array of Bain deals,
including Bain’s 1997 $800 million buyout of Sealy, the nation’s
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 bank’s private wealth management
unit. The relationship gave him access to Goldman’s exclusive
investment funds, including private equity vehicles known as
Goldman Sachs Capital Partners.—NYTimes
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Herman Cain endorses
Newt Gingrich for president—Kim Geiger—28 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 grinder—I know what this sausage grinder is all
about. I know that he’s 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
Donald Ritchie—Foundations of the U. Senate
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Greenback Planet: How the Dollar Conquered
the World and Threatened Civilization as We Know It
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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Sex at the Margins
Migration, Labour Markets and the Rescue Industry
By Laura María Agustín
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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The White Masters of the
World
From
The World and Africa, 1965
By W. E. B. Du Bois
W. E. B. Du Bois’
Arraignment and Indictment of White Civilization
(Fletcher)
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Ancient African Nations
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The Death of Emmett Till by Bob Dylan
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Only a Pawn in Their Game
Rev. Jesse Lee Peterson Thanks America for
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George Jackson /
Hurricane Carter
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The Journal of Negro History issues at Project Gutenberg
The
Haitian Declaration of Independence 1804
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January 1, 1804 -- The Founding of
Haiti
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