There are tantalizing signs that the worst of the disastrous credit crunch may be over. The most tangible evidence can be found in the latest earnings reports from some of the U.S.’s largest banks.
With a few exceptions, financial institutions such as JPMorgan Chase & Co. and Wells Fargo & Co. reported increases in lending to big businesses and, to a lesser extent, to consumers. Since consumers power growth, making up about two-thirds of the U.S. economy, their ability to get credit may determine whether the fragile recovery endures.
There are several things regulators and banks can do to ensure that the lending revival doesn’t fizzle. Although many bankers might disagree, regulators should continue to press banks to increase their capital. As we have argued before, more capital gives lenders a greater cushion to absorb losses, thus lowering risk to the financial system and the economy.
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Ryan Walters
Visitors to Oklahoma’s State Schools Superintendent’s personal social media page will notice a post vowing to “ban Critical Race Theory, protect women’s sports, and fight for school choice,” a post linking to a Politico profile of him that reads, “Meet the state GOP official at the forefront of injecting religion into public schools,” a photo of him closely embracing a co-founder of the anti-government extremist group Moms for Liberty, and a video in which he declares, “Oklahoma is MAGA country.”
This is Ryan Walters, a far-right Republican Christian nationalist who is making a national name for himself.
“God has a place in public schools,” is how Politico described Walters’ focus.
Last week the Southern Poverty Law Center published an extensive profile of Walters, alleging “hateful rhetoric toward the LGBTQ+ community, calls to whitewash curriculum, efforts to ban books, and attempts to force Christian nationalist ideology into public school classrooms.”
“Walters is superintendent of public instruction, and public schools are supposed to serve students of all faiths, backgrounds and identities,” Sarah Kate Ellis, president and CEO of GLAAD, told SPLC.
Walters is supporting new legislation in Oklahoma that follows in Texas’ footsteps: allowing untrained, unlicensed, uncertified, and unregulated religious chaplains and ministers to be hired as official school counselors.
“We heard a lot of talk about a lot of those support staffs, people such as counselors, having shortages,” Rep. Kevin West, a Republican, said, KFORreports. “I felt like this would be a good way to open that door to possibly get some help.”
Walters praised West, writing: “Allowing schools to have volunteer religious chaplains is a big help in giving students the support they need to be successful. Thank you to @KevinWestOKRep for being the House author for this bill. This passed the House yesterday and moves on to the Senate where @NathanDahm is leading the charge for this bill.”
As several Oklahoma news outlets report, there’s a wrinkle lawmakers may not have anticipated.
“With the Oklahoma House’s passage of Senate Bill 36, which permits the participation of uncertified chaplains in public schools, The Satanic Temple (TST) has announced its plans to have its Ministers in public schools in the Sooner State. If the bill advances through the Senate, this legislation will take effect on November 1, 2024. State Superintendent Ryan Walters, a vocal advocate for religious freedom in schools, has endorsed the legislation. The House approved SB 36 by a 54-37 vote on Wednesday,” a press release from The Satanic Temple reads. “The Satanic Temple, a federally recognized religious organization, has expressed its dedication to religious pluralism and community service.”
Walters responded on social media to The Satanic Temple’s announcement.
“Satanists are not welcome in Oklahoma schools, but they are welcome to go to hell,” he wrote.
Former Lincoln Project executive director Fred Wellman served up an equally colorful response.
“Hahahaha!!! You are an idiot,” Wellman wrote. “How did you not see this coming? Satanists, Muslims, Jews, Buddhists, Pastafarians…come one come all! After all you’re not trying to establish Christianity as the state religion are you? We had a whole ass revolution about that. There are history books about it…oh…right. Not your thing. What a fool.”
The Freedom From Religion Foundation (FFRF) served up a warning.
“The state of Oklahoma cannot discriminate against people or groups based on their religious beliefs,” the non-profit group wrote. “Walters’ hateful message shows, one again, that he only believes in religious freedom for Christians and that he is unfit to serve in public office.”
Reprinted with permission from Alternet.
Rep. Marjorie Taylor Greene
Rep. Marjorie Taylor Greene (R-GA) was strongly criticized Wednesday after promoting a historically and biblically false, antisemitic claim while declaring antisemitism is wrong.
As the House voted on an antisemitism bill that would require the U.S. Dept. of Education to utilize a certain definition of antisemitism when enforcing anti-discrimination laws, the far-right Christian nationalist congresswoman made her false claims on social media.
“Antisemitism is wrong, but I will not be voting for the Antisemitism Awareness Act of 2023 (H.R. 6090) today that could convict Christians of antisemitism for believing the Gospel that says Jesus was handed over to Herod to be crucified by the Jews,” Greene tweeted.
The definition of antisemitism the House bill wants to codify was created by the International Holocaust Remembrance Alliance.
Congresswoman Greene highlighted this specific text which she said she opposes: “Using the symbols and images associated with classic antisemitism (e.g., claims of Jews killing Jesus or blood libel) to characterize Israel or Israelis.”
What Greene is promoting is called “Jewish deicide,” the false and antisemitic claim that Jews killed Jesus Christ. Some who adhere to that false belief also believe all Jews throughout time, including in the present day, are responsible for Christ’s crucification.
Greene has a history of promoting antisemitism, including comparing mask mandates during the coronavirus pandemic to “gas chambers in Nazi Germany.”
Political commentator John Fugelsang set the record straight:
“If only you could read,” lamented Rabbi Dr. Mark Goldfeder, Esq., CEO and Director of the National Jewish Advocacy Center. The Antisemitism Awareness Act “could not convict anyone for believing anything, even this historical and biblical inaccuracy. It only comes into play if there is unlawful discrimination based on this belief that targets a Jewish person. Do you understand that distinction @RepMTG ?”
“Not surprising,” declared Jacob N. Kornbluh, the senior political reporter at The Forward, formerly the Jewish Daily Forward. “Rep. Marjorie Taylor Greene, who has been accused in the past of making antisemitic remarks — including her suggestion that a Jewish-funded space laser had sparked wildfires in California in 2018, voted against the GOP-led Antisemitism Awareness Act.”
Jewish Telegraphic Agency Washington Bureau Chief Ron Kampeas, an award-winning journalist, took a deeper dive into Greene’s remarks.
“Ok leave aside the snark. The obvious antisemitism is in saying ‘the Jews’ crucified Jesus when even according to the text she believes in it was a few leaders in a subset of a contemporary Jewish community. It is collective blame, the most obvious of bigotries.”
“The text she presumably predicates her case on, the New Testament,” he notes, “was when it was collated a political document at a time when Christians and Jews were competing for adherents and when it would have been plainly dangerous to blame Rome for the murder of God.”
“Yes,” Kampeas continues, “that take is obviously one that a fundamentalist would not embrace, but it is the objective and historical take, and *should* be available to Jews (and others!) as a means of explaining why Christian antisemitism exists, and why it is harmful.”
CNN’s Edward-Isaac Dovere also slammed Greene, saying she “is standing up for continuing to talk about Jews being responsible for the killing of Jesus. (John & Matthew refer to some Jews handing over Jesus to Pilate,not Herod. But also: many, including Pope Benedict, have called blaming Jews a misinterpretation)”
Reprinted with permission from Alternet.
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