World-News

http://groups.google.de/group/freepage-news/t/f62720154631772c?hl=en



http://freepage.twoday.net/search?q=bailout

Dr. Wilmer J. Leon III, Truthout: "Governor Sarah Palin did very well in the vice-presidential debate. She was well handled, well rehearsed and well prepared. For a 90 minute, tightly structured quasi-debate she was able to hold her own. She demonstrated a cursory understanding of some very general issues affecting America today. The problem is the real world is unrehearsed; life is live."

http://www.truthout.org/100308A



http://freepage.twoday.net/search?q=Palin
http://freepage.twoday.net/search?q=Wilmer+J.+Leon

http://www.infowars.net/articles/october2008/031008Sherman.htm



http://freepage.twoday.net/search?q=martial+law
http://freepage.twoday.net/search?q=bailout

The Choice

The New Yorker: "Never in living memory has an election been more critical than the one fast approaching-that's the quadrennial cliche, as expected as the balloons and the bombast. And yet when has it ever felt so urgently true? When have so many Americans had so clear a sense that a Presidency has-at the levels of competence, vision, and integrity-undermined the country and its ideals?"

http://www.truthout.org/100308N

The Dutch Knowledge Platform Safe Mobile Network (KPSMN) has a very interesting website on how a safer mobile network can be created
( http://www.kennisplatformveiligmobielnetwerk.info/ ). They argue that a few relatively simple technical adjustments to mobile networks (namely higher placed antennas which emit at lower power) can significantly lower ambient radiation levels, without this hindering the functioning of mobile networks (like the system that is already applied in Salzburg).

The European Parliament and other policy makers around the world have become concerned about the issue of EMF. The information on the website of the KPSMN could provide them with very useful and especially useable information that shows that it is in fact fairly easy to achieve lower radiation levels. It is very concrete information that can be easily translated into policy measures.

The problem is however that the website is only available in Dutch at the moment. So it would be very, very valuable if the website could be translated to English and/or French (and perhaps other languages), preferably by native speakers of these languages, or otherwise people who master these languages very well.

People willing to do this can send an email to info[at]kennisplatformveiligmobielnetwerk.info (please put Beperk.de.straling[at]gmail.com in cc)

CQ Politics

10/02/08

The FBI has blocked two of its veteran counterterrorism agents from going public with accusations that the CIA deliberately withheld crucial intelligence before the Sept. 11, 2001 attacks. FBI Special Agents Mark Rossini and Douglas Miller have asked for permission to appear in an upcoming public television documentary, scheduled to air in January, on pre-9/11 rivalries between the CIA, FBI and National Security Agency. The program is a spin-off from The Shadow Factory: The Ultra-Secret NSA from 9/11 to the Eavesdropping on America, by acclaimed investigative reporter James Bamford, due out in a matter of days...

http://tinyurl.com/4my7tq


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=eavesdropping
http://freepage.twoday.net/search?q=9/11

Ithaca Journal

10/02/08

Republican presidential candidate John McCain, who insists he would veto any pork barrel bills to come across his desk as president, is struggling to explain his vote for the revised financial bailout plan that contained a number of those pet projects. In an interview on MSNBC’s ‘Morning Joe’ program Thursday, McCain said the extra sweeteners added to the financial bailout bill that passed Wednesday night in the Senate are ‘just the way the system is working in Washington, and the reason why it’s got to be fixed and it’s got to be changed’...

http://tinyurl.com/46fmfr


Informant: Thomas L. Knapp

--------

In case you missed it:

McCain Rejects Broad U.S. Aid on Mortgages

Drawing a sharp distinction between himself and the two Democratic presidential candidates, Senator John McCain of Arizona warned Tuesday against vigorous government action to solve the deepening mortgage crisis and the market turmoil it has caused, saying that "it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers."

http://tinyurl.com/4ed5j2


From Information Clearing House

--------

Trailing, McCain Prepares to Go Negative

Michael D. Shear, The Washington Post: "Senator John McCain and his Republican allies are readying a newly aggressive assault on Sen. Barack Obama's character, believing that to win in November they must shift the conversation back to questions about the Democrat's judgment, honesty and personal associations, several top Republicans said. With just a month to go until Election Day, McCain's team has decided that its emphasis on the senator's biography as a war hero, experienced lawmaker and straight-talking maverick is insufficient to close a growing gap with Obama. The Arizonan's campaign is also eager to move the conversation away from the economy, an issue that strongly favors Obama and has helped him to a lead in many recent polls."

http://www.truthout.org/100508Y



http://freepage.twoday.net/search?q=McCain
http://freepage.twoday.net/search?q=maverick
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Michael+D.+Shear

http://www.commondreams.org/headline/2008/10/02-3



http://freepage.twoday.net/search?q=McCain

http://www.commondreams.org/headline/2008/10/02-0



http://freepage.twoday.net/search?q=Guantanamo
http://freepage.twoday.net/search?q=detainee
http://freepage.twoday.net/search?q=Richard+Norton-Taylor

Salim Awadh is talking to me from inside a cell somewhere in the Ethiopian capital, Addis Ababa.

http://news.bbc.co.uk/2/hi/africa/7644989.stm


From Information Clearing House



http://freepage.twoday.net/search?q=Guantanamo

Add up the couple's 2007 income and the estimated value of their property and investments and they appear to be worth at least $1.2 million. That would make the Palins, like Democratic vice presidential rival Joe Biden and his wife Jill, well-off but not nearly as wealthy as multimillionaire couples John and Cindy McCain and, to a lesser extent, Barack and Michelle Obama.

http://news.aol.com/article/estimates-show-palin-assets-top-1/197621?cid=12



At home with the Palins: 'struggling working-class Americans' worth $1.2m

Her governor's salary brought in $125,000 (£71,000), while her husband Todd earned almost $100,000 from his part-time job at BP, combined with income from commercial fishing. The couple appeared to be worth at least $1.2m.

http://tinyurl.com/3fbsr5



Food Stamp Participation Increases As Economy Slows

Almost a million more people participated in the federal government's food stamp program for the needy between April and July, according to the U.S. Department of Agriculture, which oversees the program.

http://tinyurl.com/4469cm


From Information Clearing House



http://freepage.twoday.net/search?q=Palin
http://freepage.twoday.net/search?q=McCain
http://freepage.twoday.net/search?q=food+stamp

"The public was told the problem was resolved when a few people were prosecuted," the decorated war veteran told a recent gathering of anti-war activists in Madison. "But the culture and the political reality that turned Abu Ghraib into a concentration camp was never addressed. Nothing in the camp really changed."

http://www.madison.com/tct/news/307209


From Information Clearing House



http://freepage.twoday.net/search?q=Abu+Ghraib
http://freepage.twoday.net/search?q=concentration+camp

By Eddie Evans and Ralph Boulton

U.S. factory orders fell 4 percent in August, on top of data on Wednesday that showed manufacturing activity in September at its weakest since the 2001 recession. U.S. jobless claims rose last week to their highest level in seven years, ahead of September payrolls data due out on Friday.

http://www.informationclearinghouse.info/article20922.htm



Soros Says Paulson's Financial-Rescue Plan Is `Ill-Conceived'

Billionaire investor George Soros said the U.S. should inject equity into banks rather than buy their bad debts as proposed by Treasury Secretary Henry Paulson in his financial-rescue package.

http://tinyurl.com/4soldv



Wall Street battered by economic fears, credit worry

Stocks slid on Thursday as tight credit markets and bleak economic data forced investors to focus on the rocky road still ahead for the U.S. economy even if Congress passes a $700 billion rescue package.

http://www.reuters.com/article/topNews/idUSTRE48S24L20081002



Middle Americans unite against the great bank rescue

"It's g... un-American," Mr Benway said as he leant against his pickup outside the Thrift Store in Richfield, Minnesota. "We don't give money to companies. We're not France - yet." For Ms Valentine, sitting in a nearby mall: "Congress was right to vote the Bill down. It doesn't tackle the root causes or help the people that need it."

http://tinyurl.com/3uffz8


From Information Clearing House

--------

Economist Asks: Is Bailout Necessary?
http://www.commondreams.org/headline/2008/10/02

How the Media Sold Their Souls to Wall Street
http://www.commondreams.org/view/2008/10/02-3

This Crisis Is Also a Big Opportunity
http://www.commondreams.org/view/2008/10/02-1

--------

How to break the money monopoly

The Nation/Howl
by Nicholas von Hoffman

10/02/08

Once again, the small group of financial organizations and the few thousand people who constitute what we call Wall Street have brought the country to the verge of ruin. It’s been barely ten years since they visited the dot-com boom and bust on the nation and twenty years since they took us to the edge of ruin in the savings and loan scandals. Leading the first response team trying to save Wall Street is Henry Paulson, secretary of the treasury and the former CEO of Goldman Sachs. While at Goldman Sachs, Paulson is estimated to have enriched himself by a one-half billion to three-quarters of a billion dollars...

http://www.thenation.com/doc/20081020/howl



Deflation on the horizon

The Nation
by Nicholas von Hoffman

09/30/08

The next phase in this great unraveling is deflation. Deflation is when you go to the supermarket and things cost less. Deflation is when prices go down–but in our present situation that is nothing to cheer about. If everyday life is hit by a deflationary wave, it will bring extreme hardship to millions. This will not be a gentle dropping of prices, as when safe and competent hands are running the Federal Reserve Board and those in charge are simply steadying the value of money. This, if it comes, will be a brutal and jarring drop in prices. We have just experienced one example of a deflationary drop when the stock market took a nose dive and share prices went down at a sickening speed. In one day pension funds, 401(k)s, college savings accounts, charitable foundations, college and university endowments collectively lost $1.3 trillion. That’s deflation of the brutal kind...

http://www.thenation.com/doc/20081013/howl2


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=Paulson
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Goldman+Sachs
http://freepage.twoday.net/search?q=$700
http://freepage.twoday.net/search?q=credit+market
http://freepage.twoday.net/search?q=stock+market
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=deflation
http://freepage.twoday.net/search?q=jobless
http://freepage.twoday.net/search?q=Dean+Baker
http://freepage.twoday.net/search?q=Josh+Silver
http://freepage.twoday.net/search?q=Johann+Hari
http://freepage.twoday.net/search?q=Nicholas+von+Hoffman

By Robert Dreyfuss

What does the start of a new civil war in Iraq look like? It looks a lot like this.
http://www.informationclearinghouse.info/article20925.htm



http://freepage.twoday.net/search?q=Robert+Dreyfuss

Pia Malbran, CBS News: "With Election Day rapidly approaching, a new report, obtained exclusively by CBS News chief investigative correspondent Armen Keteyian, raises serious questions and exposes flaws in the way states maintain their voter registration rolls."

http://www.truthout.org/article/red-flag-purging-voter-rolls



Voter Purges

Myrna Perez, Brennen Center for Justice: "Voter registration lists, also called voter rolls, are the gateway to voting. A citizen typically cannot cast a vote that will count unless her name appears on the voter registration rolls. Yet, state and local officials regularly remove - or 'purge' - citizens from voter rolls."

http://www.truthout.org/100308VA



http://freepage.twoday.net/search?q=registration+roll
http://freepage.twoday.net/search?q=Pia+Malbran

Steve Hargreaves, CNN: "Job losses have been mounting, and the slowing economy and credit crunch are likely to take an even greater toll in the coming months. Analysts on average forecast that the monthly employment report expected Friday will reveal that the economy shed 105,000 jobs in September - the largest monthly loss in five years. The economy already has lost 605,000 jobs this year."

http://www.truthout.org/article/job-losses-600000-and-counting



http://freepage.twoday.net/search?q=job+loss
http://freepage.twoday.net/search?q=Steve+Hargreaves

Mustafa Qadri, Foreign Policy in Focus: "As the United States steps up border raids into Pakistan, troops from both countries have commenced a deadly game of brinksmanship. Although aimed at asserting each other's military presence along the Pakistan-Afghan border, the skirmishes risk outright hostilities."

http://www.truthout.org/article/mustafa-qadri-pakistan-united-states-brink-war

--------

Dueling partners: Pakistan and America

A country once callously shrugged off simply as India's "lesser" neighbor, now commands global attention and scrutiny as the next, crucial battleground on the never ending "war on terror."

http://www.altmuslim.com/a/a/n/2827/



Heeding the lessons of another war

If continued, ground incursions by U.S. troops across the border into Pakistan in search of the Taliban and Al Qaeda risk drastically undermining the Pakistani state, society and army.

http://www.iht.com/articles/2008/10/01/opinion/edlieven.php


From Information Clearing House



http://freepage.twoday.net/search?q=Pakistan
http://freepage.twoday.net/search?q=Tariq+Ali

Howard Zinn, The Guardian UK: "This current financial crisis is a major way-station on the way to the collapse of the American empire. The first important sign was 9/11, with the most heavily armed nation in the world shown to be vulnerable to a handful of hijackers."

http://www.truthout.org/article/howard-zinn-from-empire-democracy



http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=empire
http://freepage.twoday.net/search?q=collapse
http://freepage.twoday.net/search?q=Howard+Zinn

Mobilfunkbetreiber Bouygues Telecom dazu verurteilt, eine Antenne im Namen des Vorsorgeprinzips abzubauen


--------

Pariser Umweltministerium sorgt sich um Mobilfunkstrahlung

Umweltstaatssekretärin Nathalie Kosciusko-Morizet forderte die Mobilfunkanbieter auf, sich beim Aufstellen von Relais-Antennen vorsichtshalber zusammenzuschließen, um die Strahlenbelastung zu verringern. ... Eine Familie aus dem Großraum Paris hatte den Mobilfunkanbieter Bouygues Telecom angezeigt, weil eine der beiden 17-jährigen Töchter von dem "Elektrosmog" Herzrhythmusstörungen bekommen habe.

http://afp.google.com/article/ALeqM5gNzLeJxURSPWKo6FIHn1uZkjNJ6w


Aus: FGF-Infoline vom 02.10.2008
Der Forschungsgemeinschaft Funk e.V. (FGF), gehören alle deutschen Mobilfunkbetreiber an.



http://freepage.twoday.net/search?q=Vorsorgeprinzip
http://omega.twoday.net/search?q=Elektrosmog

http://www.brasschecktv.com/page/432.html



http://freepage.twoday.net/search?q=gasoline

http://groups.google.de/group/freepage-news/t/68867e219d65b13b?hl=en



http://freepage.twoday.net/search?q=Paulson
http://freepage.twoday.net/search?q=bailout

Friday, October 03, 2008, 07:00

THEY'VE been linked to everything from suicides in Bridgend to cancer in Bristol, and every time a phone company wants to install a mast near houses, schools and public places there's outcry.

The most recent furore has surrounded a mast installed by Vodafone in Townhill, despite Swansea Council planners voting to reject the company's application.

A delay of 24 hours in telling the company of the council's decision meant the installation could go ahead anyway.

Around 200 local people had signed a petition to stop the mast being built in the middle of a residential area. They were concerned about their and their children's health.

Read More...
http://www.thisissouthwales.co.uk/news/New-masts-bad-reception/article-370410-detail/article.html

http://list.lewrockwell.com/t/1132536/12759198/60431/0/

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"The Age of the Warrior"

By Robert Fisk
Democracy Now!

As the US-led wars in the Middle East shows no sign of abating we turn now to a man who has chronicled eleven major wars in this part of the world.

http://www.informationclearinghouse.info/article20921.htm



America's War, Not Ours

By Ahmed Quraishi
http://www.informationclearinghouse.info/article20919.htm



The New American Century: Cut Short By 92 Years

By Mike Whitney

There's trouble ahead. The multi-polar world is about to collide head-on with the "faith-based" unipolar world and millions are bound to suffer. But there is no doubt about the final outcome. The geopolitical plates are shifting inexorably away from Washington. America's ability to wage war will steadily erode as capital and resources dry up. Its only a matter of time before the war machine sputters to a halt and the troops return home. When the killing stops, a truly new world order will begin.

http://www.informationclearinghouse.info/article20926.htm



http://freepage.twoday.net/search?q=Pakistan
http://freepage.twoday.net/search?q=Afghanistan
http://freepage.twoday.net/search?q=New+American+Century
http://freepage.twoday.net/search?q=Robert+Fisk
http://freepage.twoday.net/search?q=Ahmed+Quraishi
http://freepage.twoday.net/search?q=Mike+Whitney

http://www.lewrockwell.com/ryan/ryan39.html



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=com/ryan

http://www.lewrockwell.com/orig9/recession-reader.html



http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=bailout

Robert Reich, Talking Points Memo: "While more Americans are coming around to 'supporting' the bailout bill, the vast majority still hate the idea of bailing out Wall Street. They're for the bailout bill now only because they fear that a failure to pass it will have worse consequences -- drying up credit at a time when Main Street is struggling. But make no mistake: America is mad as hell. They resent what they perceive as extortion by the Masters of the Universe."

http://www.truthout.org/100208A



The Specter of Wall Street: Wall Street's Comeback as the Place Americans Love to Hate

Steve Fraser, Tomdispatch.com: "Wall Street sits at the eye of a political hurricane. Its enemies converge from every point on the compass. What a stunning turn of events. For well more than half a century Wall Street has enjoyed a remarkable political immunity, but matters were not always like that. Now, with history marching forward in seven league boots, we are about to revisit a time when the Street functioned as the country's lightning rod, attracting its deepest animosities and most passionate desires for economic justice and democracy."

http://www.truthout.org/100208C

--------

The Fake $700 Billion Bailout/Rescue Plan

by Devvy Kidd

Few things shock me anymore, I'm sad to say. However, Monday, September 29, 2008, was something to behold. Not only didn't the insidious "bail out" pass in the U.S. House of Representatives, but a substantial number of Americans put up such a ruckus, it had to have had a very chilling effect on the shadow government. As I watched the DOW tank to -777, I wondered why the Bush Administration's PPT (Plunge Protection Team) didn't step in and stop the dive. It occurred to me why.......

http://www.newswithviews.com/Devvy/kidd399.htm

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PROTOCOLS FOR ECONOMIC COLLAPSE IN AMERICA
http://www.thepeoplesvoice.org/cgi-bin/blogs/voices.php/2008/10/02/p29151


Informant: Dorothee Krien



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=$700
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Masters+of+the+Universe
http://freepage.twoday.net/search?q=Steve+Fraser
http://freepage.twoday.net/search?q=com/Devvy

2:50pm Thursday 2nd October 2008

By Peter Magill

PROTESTERS have hit out at plans for a mobile phone mast overlooking picturesque Cown Reservoir.

Telecoms giant Orange are making a third bid for a 15-metre high mast locally, on land off High Barn Lane, Whitworth.

Earlier this year another application, for similar equipment on land near Whitworth Water Ski, was turned down by Rossendale planners on the grounds that it would spoil the view in the green belt.

And another bid, also near Cowm Reservoir, in woodland, was turned down because of similar countryside concerns.

Read More...
http://www.lancashiretelegraph.co.uk/news/3722965.Whitworth_mobile_phone_mast_plan_attacked/

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Fury as Whitworth mobile phone mast is approved

Lancashire Telegraph - Blackburn, England, UK

By Helen Korn

A mobile phone mast is to be built despite almost 650 letters of objection from residents. The 15-metre high timber-clad column with two ...

http://www.lancashiretelegraph.co.uk/news/3740152.Fury_as_Whitworth_mobile_phone_mast_is_approved/

http://www.canada.com/vancouversun/news/story.html?id=40174ff0-4bc6-4b09-853b-7a3a55868f3d


Informant: Teresa Binstock



http://freepage.twoday.net/search?q=Arctic+ice

Daphne Eviatar, The Washington Independent: "You know it's going to be a heated election when a state attorney general sues his own state agency for not cracking down on voter fraud. But that's just what's happened in Wisconsin. It's indicative of the kinds of legal challenges now being brought in hotly contested states around the country. The outcomes of those challenges will decide whose votes get counted and whose don't - and in a race as close as this one, that could make all the difference."

http://www.truthout.org/100108VA



http://freepage.twoday.net/search?q=Florida+2000
http://freepage.twoday.net/search?q=Daphne+Eviatar

On Bill Moyers Journal Friday: "In a week chock full of breaking news and historic moves - from proposed economic fixes to record-breaking market flux to vice-presidential debates - how did the media fare in informing the public? Bill Moyers Journal takes an in-depth look at the news of the week to sort out the media-frenzied information available from what the public still needs to know."

http://www.truthout.org/100108U



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=Palin
http://freepage.twoday.net/search?q=Moyers

http://www.brasschecktv.com/page/437.html



http://freepage.twoday.net/search?q=collapse+of+the+dollar

http://www.lewrockwell.com/lind/lind149.html



http://freepage.twoday.net/search?q=com/lind

http://www.lewrockwell.com/floyd/floyd83.html



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=com/floyd

http://www.lewrockwell.com/orig9/coleman3.html



http://freepage.twoday.net/search?q=/coleman

http://www.lewrockwell.com/tennant/tennant31.html



http://freepage.twoday.net/search?q=com/tennant

http://www.lewrockwell.com/orig9/butler-b2.html

Dead Banks Walking
http://www.lewrockwell.com/orig9/floy5.html

--------

Senate rounding up votes on bailout the old fashion way

Yahoo! News
by David Espo

10/01/08

Confronted with the defeat of an earlier measure in the House this week and increasingly urgent warnings of economic hardship, they’ve begun rounding up votes the old-fashioned way. They’re buying them. A revised bailout bill includes tens of billions of dollars in tax breaks for the middle class, for homeowners who don’t itemize their deductions, and for property owners in Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Add on the $3 billion funding dollop for rural school programs over the next five years. And another $8 billion over the same period in disaster aid, much of it for Midwestern states. And toss in unrelated legislation, far-reaching in its own right, requiring insurance plans to provide better benefits for mental health.None of these has any direct bearing on the problem afflicting Wall Street and the entire economy. Yet in the currency of Congress, each is rapidly becoming part of the solution...

http://news.yahoo.com/s/ap/20081001/ap_on_go_co/meltdown_stakes_analysis



The government bailout: How good are the forecasts?

Heartland Institute
by J. Scott Armstrong and Kesten C. Green

10/01/08

Assume you are considering investing $700,000 and that this is a large sum for you. Experts give you the names of two reputable investment houses of long standing. When you visit the first of these, Benjamin Company, Inc., the manager recommends Bailout Bonds as an excellent investment for you. He gives you what sound like good reasons for his recommendation and reassures you that he is very confident in his advice, which is based on the analysis of top experts. He urges you to act swiftly to avoid missing out...

http://www.heartland.org/full.html?articleid=23835



Bailing on the bailout

FreedomWorks
by Wayne T. Brough

10/01/08

This week, Wall Street was stunned as the House of Representatives rejected a bailout crafted by Treasury Secretary Paulson. The proposal would provide $700 billion in new spending authority to allow the U.S. Treasury to purchase the assets of failing investment banks. Despite the surprise victory, taxpayers are not in the clear just yet; the administration and Congress have embarked on an aggressive arm-twisting campaign to build the majority required to pass what would be essentially the same bill. The Senate may take up the bill as early as Wednesday...

http://tinyurl.com/3fzdlj



No morality, no markets

Acton Institute
by Samuel Gregg

10/01/08

Adam Smith had it basically right when he described the essential pre-conditions for widespread economic prosperity. But if the current financial upheaval teaches us anything, it should be how much market capitalism depends upon most people developing and adhering to some rather uncontroversial moral virtues...

http://tinyurl.com/4blwyk



Boston Tea Party 2008

TruthDig
by Robert Scheer

10/01/08

How dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of the fear-mongering pundits and politicians who tell us if we taxpayers don’t instantly give the Wall Street banking bandits a $700-billion bailout, we are destroying America. Instead of applauding representatives from both parties who, for once, heeded the public rather than the fat cats, the established pundits blasted those who dared get out of line.It was a time for some of the best commentators to fail and, as much as I hate to admit it, for Lou Dobbs, and even Newt Gingrich, to shine. Dobbs called it correctly: The sky is not falling, there is time for reasoned debate, and why isn’t the public being listened to? Gingrich put it best when he said short-circuiting serious congressional oversight over an enormous transfer of taxpayer dollars to an industry is “un-American.” Others, with whom I typically am in far greater agreement, just rolled over to give the bankers what they demanded...

http://www.truthdig.com/report/item/20080930_boston_tea_party_2008/



A dial marked “war”

AntiWar.Com
by Justin Raimondo

10/01/08

War, like its progenitor, inflation, is a narcotic that causes us to forget the real problems and their causes and permits all sorts of actions that would not be considered normal under any other circumstances. It is a perfect holiday from the rule of law and is fully taken advantage of by our lawless politicians, who seize on it as a pretext for anything and everything. It emphasizes the worst excesses and encourages their fullest development, so that human behavior is distorted beyond all recognition. Human reason is not merely violated, but inverted: we enter a Bizarro World, where those who made bad investments are bailed out — rewarded — while ordinary folk who live by the rules and pay their bills are taxed to make up the difference...

http://www.antiwar.com/justin/?articleid=13533



Remember the fundamentals of the economy are sound?

Information Clearinghouse
by Rand Clifford

09/30/08

Regarding how fundamentally sound our economy was just weeks ago: our leaders are implying that they were either too stupid to know what has been building up for years, or they are liars. Certainly, any pleas of stupidity remain solidly backed up by actions. But even more fundamentally, these people are liars, always have been, always will be. And now they expect to be believed when pleading for a trillion dollars more so everything will resolve itself in the financial markets? — so your retirement funds won’t simply go pppffftt!

http://www.informationclearinghouse.info/article20904.htm



Rescue “America Street”

Christian Science Monitor
by staff

(10/01/08)

Lawmakers who sank the financial rescue package Monday said their phones and e-mails burned with protests that Main Street has to bail out Wall Street. But it’s not helpful, or even accurate, to view this crisis as scrappy alley cats vs. fat cats. In truth, the whole neighborhood is at stake. We cats are all in this together. … Middle-class America is inextricably linked with Wall Street. The stock market’s plunge on the news of the rescue rejection should bring that point home — and bring lawmakers to pass a bipartisan rescue plan. Almost half of US households own stocks and bonds in the form of mutual funds, most of those through retirement plans...

http://www.csmonitor.com/2008/1001/p08s01-comv.html



The triumph of crony capitalism

The Weekly Standard
by Fred Barnes

First President Bush, then President Obama poured billions into General Motors and Chrysler to keep the companies alive but barely breathing. That was just for starters. Next came Obama’s creation of an Auto Task Force to oversee the auto companies. To head the task force, the president picked Steve Rattner, a Wall Street investor with no experience in automaking but lots in raising campaign money for Obama and Democrats. GM and Chrysler were quickly restructured, mostly to the benefit of the United Auto Workers, the union which spent millions in 2008 to elect Obama and Democrats. The UAW now owns 17.5 percent of GM and 55 percent of Chrysler — quite a return on an investment of zero dollars. Obama said all parties should ’sacrifice,’ but only bondholders did. They got a fraction of what they were legally entitled to receive. UAW retirees, in contrast, got a gift of $9.5 billion at GM and $14.2 billion at Chrysler. There’s an epilogue. Delphi, the auto parts manufacturer once owned by GM and still its biggest supplier, has been in bankruptcy for four years. To acquire its assets and run the company, Delphi and Obama’s Auto Task Force picked an affiliate of the private equity firm Platinum Equity. There was no auction or competitive bidding, though Platinum stands to make millions in the deal. Why Platinum? The UAW favored it, sources said. There’s a name for all this: crony capitalism... (for publication 07/13/09)

http://tinyurl.com/n8ow46


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Bush+legacy
http://freepage.twoday.net/search?q=Steve+Rattner
http://freepage.twoday.net/search?q=Paulson
http://freepage.twoday.net/search?q=bailout
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http://www.lewrockwell.com/margolis/margolis124.html



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