On the edge of the volcano

The emperor has no clothes

Socialist Watch
by Benjamin Weingarten

03/19.09

What we are seeing right now are the kinds of last ditch efforts that reveal how truly inept and desperate our leaders are. First there is the AIG bonus fiasco, a case study in the bumbling incompetence of the representatives in charge of containing the financial fallout (ironically the very people that preempted it). Then there is the move to quantitative easing — a seemingly sophisticated way of getting around the fact that the state is effectively socializing the government debt market and literally printing a trillion dollars out of thin air (as is the government’s wont). The implications of these two bamboozles are very telling...

//tinyurl.com/dj4tfm



On the edge of the volcano

CounterPunch
by Alexander Cockburn

03/22/09

Since last September Barack Obama has been trying to pull off the tricky shot of backing bailout schemes at taxpayers’ expense for the Wall Street operators who have brought the economy to its knees, while simultaneously presenting himself as a populist crusader battling for economic justice and the regular folks on Main Street. Right now, for the first time since he was elected president, he’s perilously close to plummeting from this high wire act and ending up publicly derided as Mr Facing-Both-Ways, a toxic label for a man whose moral keynote has always been that he’ll play it straight with the American people...

//counterpunch.org/cockburn03202009.html



Abandoning the rule of law

The Liberty Papers
by tarran

03/20/09

The United States is a banana republic. The Jeffersonian ideal of a series of republics built upon enlightenment values of freedom and reason has died. It wasn’t a sudden death, like that which occurs in a car crash; where one can pinpoint to the second where death occurred. Rather it was a slow lingering death, with organ after organ gradually slowing, a long twilight that ended in the dark of a moonless night. Some would argue that this is a melodramatic claim, made by some bitter conservative in reaction to the evolution of society, the rantings of a ‘dead-ender’ in knee-jerk opposition to the inevitable and gradual improvement of society. We can test whether or not they are right by comparing the principles of a free society to those dominating the U.S. right now...

//www.thelibertypapers.org/2009/03/20/abandoning-the-rule-of-law/


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=AIG+insurance
//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=taxpayer
//freepage.twoday.net/search?q=Wall+Street
//freepage.twoday.net/search?q=Main+Street
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