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Don't Look Down! Contents | Zoom in | Zoom out For navigation instructions please click here Search Issue | Next Page PUT CHENEY IN CHAINS CRISIS? WHAT CRISIS? MADDOW PROPS If Congress won’t do it, How Paulson and the America’s smartest host here’s who might Wall Street Journal blew it on girls who wear glasses SMART, FEARLESS JOURNALISM January + February 2009 | $5.95 ____________ Don’t Look Down! WHY THE MESS OBAMA INHERITS MIGHT BE HIS GREATEST OPPORTUNITY Contents | Zoom in | Zoom out For navigation instructions please click here Search Issue | Next Page A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS From city streets to Wall Street, Free Press is fi ghting back: But we can’t do it without you: journalists are under attack: t Rallying public support for critical, t Join the fi ght. t Dozens of reporters arrested covering hard-hitting journalism. the 2008 political conventions. t Donate to support our work. t Combating runaway corporate media t Candidates attack the press for asking consolidation. GO TO: www.freepress.net tough questions. OR CALL: 877.888.1533 t Ensuring access to a free, open and t Media conglomerates fi re thousands of uncensored Internet. reporters and shutter foreign bureaus. ABOVE: A student journalist is pepper-sprayed covering protests outside the Republican National Convention on Sept. 1, 2008. AP photographer Matt Rourke was arrested and detained after taking this photo. A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS FEATURES January February 2009 volume 34, number 1 28 Fiscal erapy BY DAVID CAY JOHNSTON Can Obama fix the economy, lower the national debt, and give you a tax break in the process? No problem. 34 Stimulus Is for Suckers BY JAMES K. GALBRAITH Stop worrying about 2009. To really get out of this mess, we need to start thinking about 2029. 36 Buying the Bull BY DEAN STARKMAN Why did 9,000 business reporters blow the biggest story ever to hit their beat? 40 Brave New Welfare BY STEPHANIE MENCIMER Lies. Questions about your sex life. Outright threats. Here’swhatfacesfamilieswhentheirluckrunsout. 46 Class Is the New Black BY DEBRA J. DICKERSON How I had to look past race and learn to love equality 48 Man With the Plan BY PAUL TOUGH Obama’sthefirstpresidentin50yearstoprioritize fighting poverty. Meet the man who showed him how. 50 Dreams From My Father PHOTOGRAPHS BY JON LOWENSTEIN; TEXT BY JERALD WALKER Chicago hope: The South Side wonders what’s next. 56 e People vs. Dick Cheney BY KAREN GREENBERG WhowillthrowthebookattheBushies? PLUS: If Congress won’t, these folks might. 60 Listen to the Lionfish BY JULIA WHITTY Walking snakeheads, carnivorous snails, and the superpredator from the reef: The invasion has begun. 40 PHOTOGRAPH BY MATT EICH JANUARY/FEBRUARY 2009 | MOTHER JONES 1 A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS 56 48 60 22 32 DEPARTMENTS 4 Editors’ Note 8 Contributors 10 Backtalk 13 OutFront Why Obama should get hip to the Gipper; did the Mafi a kneecap Wall Street?; PHOTO BANK/AP rebooting Washington; you might be a liberal if...; AEI hawks hunker down; cruises to fl oat every boat; why Obama might bomb Iran; the other 1600 Pennsylvania Avenues 26 Exhibit BY KIERA BUTLER Our national fat fi xation, through thick and thin 66 Practical Values BY KIMBERLY LISAGOR Should you junk your clunker and plunk down for a Prius? 69 Media Jones Dennis Cass on the nature of niceness; Muslim punks rock out; plus more book, fi lm, and music reviews 72 MoJo Interview Mother Jones editor Clara Jeffery talks to Rachel Maddow about comic books, perfect cocktails, and unruly hair. 80 P.S. ILLUSTRATION BY STEVE BRODNER All the presidents’ mugs COVER ILLUSTRATION BY DALE STEPHANOS (with a nod to the Saturday Evening Post classic New Year’s covers) We’re Relaunching! Check out the new motherjones.com featuring Kevin Drum’s daily political analysis, 24-7 transition coverage from MoJo’s DC bureau, provocative photo essays, and a new online forum where you can brainstorm solutions to the outrages we cover. FROM LEFT: ROBERTO PARADA; ALEX TEHRANI; AMOS NACHOUM/CORBIS; ROBERT RISKO. COVER PHOTO OF RACHEL MADDOW: PAUL DRINKWATER/NBCU 2 MOTHER JONES | JANUARY/FEBRUARY 2009 A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS Photo © Jason Sangster/CARE As powerful as many women have schools that actually move with become in America, the phrase them. The power women have to “It’s a man’s world” still applies to... create change in these societies well...much of the world. At CARE is incredible. The power education we’ve found that in many of the has to unleash their potential is as- poorest countries, women are still tonishing. Even more astonishing denied a chance to pursue their is that just $49 can send one of dreams. We’ve found that the fast- these girls to school for a year. Join est way to improve conditions is to the movement. Call 800-521-CARE empower these women. And that or visit www.care.org. one of the fastest ways to empow- er women is through education. That’s why we’re educating girls in places where it’s been unheard of. In Afghanistan we were teaching girls, often at great risk, even while the Taliban were still in power. In areas where nomadic tribes move with their herds, we’re opening This space generously donated. A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS A Mother Jones Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | Next Page BEF MaGS the leaders of the world’s 20 largest econ- omies gathering at the White House in November to discuss the crisis over $500 bottles of cabernet. (At least it was Califor- nia cab.) But what can we do except pick up the tab? We have been trained, after all, Editors’ Note to regard the movements of fi nance like forces of nature. We might sooner hold back a hurricane than curb the cupidity of Wall Street. Right? Maybe not. Maybe the lesson of the Goldman bonuses is that corporate Amer- ica can be steered by the wishes of the people. Their future is in Washington’s— meaning our—hands. And they seem to have grasped that you can only fl ip off the people who write the checks so many times before they break out the pitchforks. At this point, the acolytes of Ronald WE’D MEANT to start this column with a few themselves into the arms of Wells Fargo. At Reagan are sure to interject, Well, there you choice expletives about Goldman Sachs and which point Wells Fargo issued a press release go again—you liberals just want a command- its gall in setting aside nearly $6.9 billion for crowing that this deal “does not demand and-control economy. The assumption be- year-end bonuses even after getting a $10 fi nancial support from our government”— ing that unregulated markets are an Edenic billion bailout check from the federal gov- only to turn around and (thanks to an IRS state from which only liberal meddling can ernment. But someone at Goldman must rule change the Bush administration had cast us out (cue John Maynard Keynes as have fi nally stuck his fi nger in the wind, be- slipped in just a few days earlier) write off serpent). In fact, the economy has no natu- cause just before we went to press, the fi rm Wachovia’s losses so as to effectively offset ral, “free” state; it is shaped by the society announced that its top seven executives all its profi ts. That means, as one analyst in which it exists. For the past 30 years, would have to settle for their base salaries. noted, that Wells Fargo is “basically getting it’s been steered toward unlimited profi t (Goldman’s other 25,000 employees are still Wachovia for nothing.” taking at the top, book cooking, manage- slated to receive their taxpayer-subsidized And if that seems outrageous, think it ment for short-term shareholder return at reward for a job well done.) Don’t fret for through: Every penny of those taxes that the expense of actual viability, maximum CEO Lloyd Blankfein, though. In 2007, the Wells Fargo is now avoiding will have to greenhouse gas emissions, and so on. company paid him $68.5 million, a fi gure be made up for by someone else. And that Washington wrote the rules. Wall Street that must make Treasury Secretary Henry someone else is…? Exactly. Already, as for- and Detroit followed. Paulson, who averaged a mere $11 million a mer Goldman exec Nomi Prins calculates So what if we were to change the rules? year during his eight-year stint at Goldman’s on page 33, the total government outlays What if we acknowledged that sharehold- helm, a little jealous. for the various fi nance bailouts stand not ers are also citizens—that they have inter- And then there’s the tale of Mack Whittle, CEO of the South Financial Group, who last Washington wrote the rules.
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