Wednesday, June 2, 2010
I am happy to agree with Brother Michael P. that both major political parties have been too cozy with "Wall Street." (And Wall Street, as I've suggested before, is all-too-willing to snuggle up with big government at the expense of entrepreneurs, small businesses, and taxpayers.) But I'm not impressed by the highly partisan remarks by Paul Krugman that Michael shared with us. What is one to make of my Nobel Prize-winning colleague's accusation that the political right has a pattern of "using identity politics to whip up the base?" As a university professor, surely he knows how identity politics is played in the epicenter of identity politics, and by whom. As for identity politics in national elections, perhaps he should read "Race Man," by his colleague and mine Sean Wilentz (who is on Professor Krugman's end of the political spectrum not mine). It was published in 2008 by the liberal magazine The New Republic. A link: http://www.tnr.com/article/politics/race-man
The money quote (just after a bit of Krugman-style Republican bashing):
It may strike some as ironic that the racializing [of the presidential campaign] should be coming from a black candidate’s campaign and its supporters. But this is an American presidential campaign--and there is a long history of candidates who are willing to inflame the most deadly passions in our national life in order to get elected. Sadly, it is what Barack Obama and his campaign gurus have been doing for months--with the aid of their media helpers on the news and op-ed pages and on cable television, mocked by "SNL" as in the tank for Obama. They promise to continue until they win the nomination, by any means necessary.
On the substance of the question on which Michael introduced Professor Krugman's testimony, here are some pertinent items from mainstream media sources:
http://thehill.com/blogs/on-the-money/banking-financial-institutions/95763-hedge-funds-donate-big-to-democrats
(May, 2010: The world’s top-earning hedge fund managers have bankrolled almost exclusively Democratic campaigns. The top 10 highest-paid hedge fund managers in 2009 have dished out campaign contributions almost exclusively to Democrats. Over their lifetimes, those managers have given almost $33 million in campaign contributions to Democrats. The same managers gave roughly $600,000 to Republicans.)
http://www.buzzle.com/articles/wall-street-political-donations-flowing-to-democrats-coffers.html
(September, 2009. Wall Street has contributed $10.6 million to U.S. Senators this year, with a staggering $1.65 million going to New York Democrat Chuck Schumer alone. That’s good for 15% of the entire sum that the princes of finance have coughed up. $7.7 million of the total contributed has gone to Democrats. Schumer’s take was more than five times the largest contribution to any Republican senator.)
http://www.bloomberg.com/apps/news?pid=20601070&sid=ax3gLHhi7ONs
(April, 2010. Employees in the securities and investment industry made $34.3 million in donations last year, about the same as in 2007, with 62 percent going to Democrats.)
http://articles.latimes.com/2008/mar/21/nation/na-wallstdems21
(March 2008. "Hillary Rodham Clinton and Barack Obama, who are running for president as economic populists, are benefiting handsomely from Wall Street donations, easily surpassing Republican John McCain in campaign contributions from the troubled financial services sector.")
I'll stop. More on request.
Varioue MOJ'ers have commented on the excommunication of a nun and other members of a Cahtolic hospital ethics committee in connection with a recent abortion. So I thought readers might be interested in
this view expressed by Patrick McCormick, professor of Religious Studies at Gonzaga and columnist for the U.S. Catholic. McCormick's conclusion is that "Catholic moral teaching on this question has become unpersuasive (even unintelligible) to a large number of committed and educated Catholics, and excommunicating a nun will not resolve this pastoral problem, only worsen it, for it suggests that the bishop and the Vatican do not have clear, cogent, and persuasive answers to tough moral questions."
This spring, I taught a seminar in Catholic jurisprudence. The main text was Recovering Self-Evident Truths: Catholic Perspectives on American Law. The final assignment required students to write a reflection paper on the class. One student - a top student at OU and a self-described agnostic - wrote the following reflection, which shows the importance of our project - especially the questions that we raise. Although his criticisms fall directly on me as book editor and symposium organizer, they provide food for thought for all of us as we continue this work of developing Catholic legal theory today.
Here is a tag paragraph. You can read the full text below (Tom Berg get a "shout out" half way through).
In my opinion, Catholic jurisprudence stands uniquely poised to gain widespread support over the next several years. At a time in our country’s history when our legal/political culture is characterized by increasing polarization and extreme viewpoints, Catholic theory offers a voice of reason that even non-Catholics can appreciate. The trick, of course, is getting people to listen.
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To me, the Feast of the Holy Trinity seems a particularly special day for those of us who are interested in Catholic social doctrine. After all, we are reminded on that day that the God in Whose image we are made contains - IS - relationship, communion, love.
As it happened (or maybe providentially), I (finally) saw "Up in the Air" on Sunday. Wow. What a powerful affirmation (via a portrayal of its opposite) of the Holy Trinity (and anthropological) truth about us.