Additional Thoughts on the Bailout

"We hang the petty thieves and appoint the great ones to public office" - Aesop

By Paul Craig Roberts

Just as the Bush regime's wars have been used to pour billions of dollars into the pockets of its military-security donor base, the Paulson bailout looks like a Bush regime scheme to incur $700 billion in new public debt in order to transfer the money into the coffers of its financial donor base.

//www.informationclearinghouse.info/article21034.htm



The End of Friedmanite Economics

By Mike Whitney

"We are in the midst of a major historic turning point, equivalent to the emergence of neoliberalism under Thatcher and Reagan" (interview with economist Robert Pollin).

//www.informationclearinghouse.info/article21029.htm



The American Way of Life is Dead...

By Stanislav Mishin

The era of the dollar is over and with it US power. The dollar has been in a steady free fall for the better of the past 6 years, faster than the steady decline of the preceding 30 years. How is it, that with a prolonged war, costing close to $1 trillion, no new taxes have been raised? Well, that's what printing presses are for and why since 2004, the Fed has stopped issuing the M3 report.

//www.informationclearinghouse.info/article21031.htm



"Working Poor"

Nearly 30% of US Families Subsist on Poverty Wages

By Tom Eley

A report released Tuesday by the Working Poor Families Project reveals that more than 28 percent of American families with one or both parents employed are living in poverty.

//www.informationclearinghouse.info/article21032.htm



Infant Mortality: US Ranks 29th Lowest In The World

By Gardiner Harris

Although the United States has relatively good numbers for cancer screening and survival, the nation compares poorly with other countries in many other statistical categories, including life expectancy and preventable deaths from diseases like diabetes, circulatory problems and respiratory issues like asthma.

//www.informationclearinghouse.info/article21030.htm



As crisis bites, more Americans turn to food stamps

While penny-pinching among the wealthy may help draw attention to poverty issues, living on food stamps is a devastating reality for millions of Americans -- and the numbers are growing to alarming levels.

//afp.google.com/article/ALeqM5gZXwx2NWRcbejD0x64sqBvnIHGVw


From Information Clearing House

--------

Gov’t of thieves

CounterPunch
by Paul Craig Roberts

10/18/08

Just as the Bush regime’s wars have been used to pour billions of dollars into the pockets of its military-security donor base, the Paulson bailout looks like a Bush regime scheme to incur $700 billion in new public debt in order to transfer the money into the coffers of its financial donor base. The US taxpayers will be left with the interest payments in perpetuity (or inflation if the Fed monetizes the debt), and the number of Wall Street billionaires will grow. As for the US and European governments’ purchases of bank shares, that is just a cover for funneling public money into private hands...

//counterpunch.org/roberts10172008.html


Informant: Thomas L. Knapp



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