it was that bad and we didn’t impeach, shame
Filed under: George Bush | Tagged: Bush, G20, G20 summit, George Bush, world view | Leave a comment »
it was that bad and we didn’t impeach, shame
Filed under: George Bush | Tagged: Bush, G20, G20 summit, George Bush, world view | Leave a comment »
Here’s the deal on the bail out as it stands today – all 110 of it.
Call Congress and tell them NO!
From David Sirota:
“There’s news this Sunday afternoon of a congressional deal to bailout Wall Street fat cats with $700 billion of taxpayer cash (you can read the draft legislation here). Though the deal negotiated between congressional leaders and the White House is better than what Treasury Secretary Henry Paulson originally proposed early last week, it remains an insulting atrocity, having omitted even basic aid to homeowners, bankruptcy reforms and any modicum of future financial industry regulation. Jere are the top 5 reasons (in no order) why every single member of Congress – Democrat and Republican – should vote this sucker down. Please feel free to copy and paste this post into an email to your congressperson:”
1. BAILOUT’S INHERENT FISCAL INSANITY COULD MAKE PROBLEM WORSE
When an individual consumer uses a new credit card to pay off astounding debt from an old credit card, it’s called kiting, and in many cases, it is illegal. Apparently, though, when the government does it, it’s billed as Serious Public Policy. Because that’s what this supposedly prudent bailout bill would do: Force taxpayers to borrow $700 billion from foreign banks to pay off the bad debt of Wall Street banks. During a crisis that is aimed at preventing interest rates from skyrocketing, nobody has been able to explain how adding almost a trillion dollars to the interest rate-exacerbating national debt would do anything other than undermine the plan’s underlying objective. Worse, the U.S. Treasury Department itself admits that the $700 billion number is “not based on any particular data point” – that is, they created it out of thin air because “We just wanted to choose a really large number.” Slapping that amount of money onto the national credit card when our government can’t even justify the amount is beyond absurd – it is insane.
It didn’t have to be this way, of course. As I noted in my newspaper column this week, Senator Bernie Sanders proposed a temporary tax on millionaires to finance part of this bailout. Similarly, Blue Dog Democrats proposed a future tax on financial firms if and when taxpayers lose cash on the deal. These proposals were discarded in favor of language asking the government to “submit a plan to Congress on how to recoup any losses,” according to the Associated Press. Not only is that language toothless, but it opens up the possibility of a plan being submitted that says we should raise middle-class taxes or slash middle-class social programs to pay for Wall Street’s misbehavior.
2. EXPERTS ON BOTH THE LEFT AND RIGHT SAY THIS BAILOUT COULD MAKE THINGS WORSE
Primum non nocere is the latin phrase for “first do no harm” – the priority principle for any EMT working on a sick patient. It should be the same priority for Congress at this moment – and a growing group of esteemed experts on both the Right and Left are insisting that this bailout bill could make things worse. Here’s a review:
Meanwhile, it’s not even close to clear that this is a problem that requires such an enormous response. As mentioned above, the Treasury Department admits it has absolutely no factual basis for requesting $700 billion – an amount equivalent to about 5 percent of our entire economy. Additionally, the Washington Post reports that “Banks throughout the United States carried on with the business of making loans yesterday even as federal officials warned again that their industry is on the verge of collapse, suggesting that the overheated language on Capitol Hill may not reflect the reality on many Main Streets.” Indeed, “many smaller banks said they were actually benefiting from the problems on Wall Street” and “even some of the nation’s largest banks, which have pushed hard for a federal bailout, deny that the current situation is forcing them to reduce lending.”
The questions, then, are simple: In the face of this bipartisan opposition from objective experts, why should a lawmaker instead believe the same Bush officials who helped create this crisis with their deregulation, the same Bush officials who just months ago said everything was AOK? Shouldn’t there be almost complete unanimity among both objective and partisan observers before spending 5 percent of our entire economy after just one harried week of White House demands? Fool me once shame on you, fool me twice, shame on me. It’s time, as The Who said, that we “don’t get fooled again.”
3. THERE ARE CLEARLY BETTER AND SAFER ALTERNATIVES
The mantra throughout the week has been that America has “no choice” but to pass Treasury Secretary Henry Paulson’s $700 billion giveaway – that, in effect, there are no alternatives. But that’s an out-and-out lie – one with a motive: Making it seem as if the only thing we can do is hand the keys to the federal treasury over to both parties’ corporate campaign contributors.
The truth is, there are a number of alternatives. Here are just a few:
On this latter proposal, some may argue that giving any relief to homeowners is “unfair” in that those homeowners created their problems, so why should taxpayers have to help them? But then, is helping homeowners any less fair than simply giving all the money away to Wall Street, no strings attached? I’d say no – and helping homeowners also serves a second purpose: namely, keeping people in their homes, which not only helps them, but helps an entire neighborhood (as any homeowner knows, nearby properties can be devalued when foreclosures hit).
4. ANY INCUMBENT VOTING FOR THIS PUTS THEMSELVES AT RISK OF BEING THROWN OUT OF OFFICE
As a preface, let me state that I think we live in a country where politicians too often listen to their donors and to the Establishment rather than their constituents, not the other way around. America is a country where our leaders dishonestly invoke the concepts of “Statesmanship” and “Seriousness” and their supposed hatred of “pandering” to justify ignoring what the public wants (as if giving the public what it wants is somehow not the objective of a democratic republic). So, in short, I don’t think there’s anything wrong with this bill being “politicized” by coming down the pike right before an election – in fact, I think it’s a good thing because the election – and the fear of being thrown out of office forces our politicians to at least consider what the public wants. I mean, really – would we rather have this decision made after the election, when the public can be completely ignored?
Polls overwhelmingly show a public that sees voting for this bill as an act of economic treason whereby the bipartisan Washington elite robs taxpayer cash to give their campaign contributors a trillion-dollar gift. As just two of many examples, Bloomberg News’ poll shows “decisive” opposition to the bailout proposal, and Rasmussen reports that their surveys show “the more voters learn about the proposed $700 billion federal bailout plan for the U.S. economy, the more they don’t like it.” Put another way, this bailout proposal has unified both the Right and Left sides of the populist uprising that I described in my new book and that is now even more angry than ever.
Any sitting officeholder that votes for this – whether a Democrat or a Republican – should expect to get crushed under a wave of populist-themed attacks from their opponents. We’ve already seen it start. In Oregon, Democratic challenger Jeff Merkley (D) is airing scathing television ads hammering Republican incumbent Gordon Smith for potentially supporting the deal. Similarly, this morning on Meet the Press, we saw Republican Senate challenger Bob Schaffer (CO) dishonestly papering over his own votes for deregulation and ripping into his opponent Rep. Mark Udall (D) for potentially supporting the deal. Incumbents, get ready for that kind of election-changing heat in your face if you vote “yes.”
This, by the way, could play out in the presidential contest. Barack Obama has been taking the advice of the Wall Street insiders in his campaign in endorsing this bailout. McCain has endorsed the vague outline, but he may ultimately back off once he sees the details, allowing him to then run the last month of the campaign as the economic populist in the race. I’m not saying it would work, considering McCain’s 26-year record of supporting the deregulatory agenda that created this crisis. But such a move could end up help him flank Obama on the defining economic issues of the race.
5. CORRUPTION AND SLEAZE IS SWIRLING AROUND THESE BAILOUTS – AND AMERICA KNOWS IT
The amount of brazen corruption and conflicts of interest swirling around this deal is odious, even by Washington’s standards – and polls suggest the public inherently understands that. Consider these choice nuggets:
Add to this the fact that the negotiations over this bill have been largely conducted in secret, and you have one of the most sleazy heists in American history.
**********
If this bill passes, it will be a profound referendum on the dominance of money over democracy in America. That – and that alone – would be the only thing an objective observer could take away from the whole thing.
Money will have compelled politicians to not only vote for substantively dangerous policy, but vote for that policy even at their own clear electoral peril. Such a vote will confirm that the only people these politicians believe they are responsible for representing are are the fat-cat recipients of the $700 billion – the same fat cats who underwrite their political campaigns, the same fat-cats who engineered this crisis, and want to keep profiteering off it. Any lawmaker who takes that position is selling out the country, as is any issue-based political non-profit group – liberal or conservative – that uses its resources to defend a “yes” vote rather than demand a “no” vote. This is a bill that forces taxpayers to absorb all of the pain, and Wall Street executives to reap all of the gain. It doesn’t even force the corporate executives (much less the government leaders) culpable in this free fall to step down – it lets them stay fat and happy in their corner office suites in Manhattan.
Even if they believe that something must be done right now, lawmakers should still vote no on this specific bill, and force one of the very prudent alternatives to the forefront. They shouldn’t just vote no on Paulson’s proposal – they should vote hell no. Our economy’s future depends on it.
Filed under: Economy, George Bush, News | Tagged: bail out, Bush, Bush Administration, Congress, Paulson, Wall St | 1 Comment »
What is happening to the Straight Talk Express? It all looks quite worse than Bush and Cheney. What could McCain be thinking?
Filed under: Investigating The Candidates, John McCain, Sarah Palin | Tagged: Bush, debate, McCain, Palin, Straight Talk Express | 2 Comments »
Filed under: Congress, Economy, George Bush, impeach, News, taxes | Tagged: bail out, Bush, economic, George Bush, Henry Paulson, Paulson, Treasury, Wall street | Leave a comment »
very sad video of this whole mess:
http://www.youtube.com/watch?v=frR0qklU1_o
Filed under: Dick Cheney, George Bush, Iraq War, Terrorist Rhetoric | Tagged: Bush, Cheney, Iraq, military, weapons of mass destruction | Leave a comment »
In a nation opposed to the occupation of Iraq, the opposition party is preparing
to shell out another $102 billion of our grandchildren’s money to continue it.
Our nation has come so far in seven years that the president and vice president
openly admit to authorizing torture in blatant violation of the Eighth
Amendment, longstanding US laws and treaties, and new legislation signed into
law by the same president. Yet our representatives in Congress refuse to hold
impeachment hearings. The wealthiest nation on earth cannot provide health care
to its citizens. Where are our priorities?
All over the country, citizens are holding public town hall meetings to discuss
this question. You can find one near you or get involved in planning one at:
http://iraqtownhalls.com
Here are two coming up Ventura and San Luis Obispo:
***
VENTURA / OJAI ON APRIL 22
The Ojai Peace Coalition has partnered with Citizens for Impeachment, Integrity
Now, VC Stop the War, and others to present “Are Peace and Impeachment Possible?
Strategies for Saving our Constitution, Economy, and Environment.”
WHEN: Tuesday, April 22, 2008 at 5:30pm
WHERE: Ojai Retreat, 160 Besant Road, Ojai, Calif.
WHO: David Swanson, co-founder of afterdowningstreet.org and a leading
Constitutional Advocate from Washington, D.C.; and Phil Cohen, local member of
Iraq Veterans Against the War. The Ventura County Board of Supervisors and
Ventura and Ojai City Council Members will be invited to attend.
WHAT: Reception begins at 5:30pm with food and drinks, followed by lecture
promptly at 7:00pm, and a town-hall open mike beginning at 8:00pm.
A $10. contribution is suggested for the entire event , but no one will be
turned away.
SPONSORS: The event is being organized by Ventura County Citizens for
Impeachment and the Ojai Peace Coalition. Endorsements have been received from
Veterans for Peace; Ventura County Stop the War; The Peace Coalition of Greater
Ventura; Integrity Now, Ojai; the Center for Conscious Change and others.
CONTACT: Roslyn Sherman 805-218-1199, or John Azevedo 805-640-3650
Johnazevedo2@gmail.com
***
SAN LUIS OBISPO ON APRIL 23
A town hall meeting on “Funding the Iraq War, Impeachment, Healthcare?”
WHEN: Wednesday, April 23, 7:00 p.m.
WHERE: Ludwick Center, 864 Santa Rosa, SLO, Calif., (corner of Santa Rosa &
Mill)
WHO: Guest speaker nationally recognized journalist and peace & justice
activist, David Swanson
WHAT: Let your voice be heard, leave with a plan and a group to work with.
suggested donation $10 /$5 students & seniors
SPONSORS: Sponsored by Information Press, Earth Day Alliance, CodePink
SLO, Progressive Democrats of San Luis Obispo County and Democrats.com.
CONTACT: For information call (805) 544-5135.
Filed under: 24th District CA, California, Dick Cheney, Elton Gallegly (24th District; CA), George Bush, impeach, Iraq War, Ventura County, CA | Tagged: Bush, Cheney, impeach, impeachment, Iraq, Iraq War, Ojai, Torture, Ventura | Leave a comment »
Clearly there is no possible Bush-Cheney-McCain spin that the surge is working. The surge was a mistake. Our troops need to be brought home before more unnecessary loss of life. It looks like matters are getting worse despite our paying insurgents to not fire on our troops. Whatever could the Bush Administration say at this point to justify continued efforts when the entry to Iraq was never justified.
With McSame and the rest of the Repub rubber stamping of the Bush Administration, could this be good P.R. for a long Democratic hold on government in the future?
One thing is for sure. Staying in Iraq is only folly and a ridiculous attempt to support oil companies and certainly an outrage in consideration of the cost in human life.
Filed under: Dick Cheney, George Bush, Iraq War, John McCain, News, oil, Terrorist Rhetoric | Tagged: Bush, Cheney, Iraq, oil, surge, U.S. troops | 2 Comments »
2. According to Bloomberg News, McCain is more hawkish than Bush on Iraq, Russia and China. Conservative columnist Pat Buchanan says McCain “will make Cheney look like Gandhi.”2
3. His reputation is built on his opposition to torture, but McCain voted against a bill to ban waterboarding, and then applauded President Bush for vetoing that ban.3
4. McCain opposes a woman’s right to choose. He said, “I do not support Roe versus Wade. It should be overturned.”4
5. The Children’s Defense Fund rated McCain as the worst senator in Congress for children. He voted against the children’s health care bill last year, then defended Bush’s veto of the bill.5
6. He’s one of the richest people in a Senate filled with millionaires. The Associated Press reports he and his wife own at least eight homes! Yet McCain says the solution to the housing crisis is for people facing foreclosure to get a “second job” and skip their vacations.6
7. Many of McCain’s fellow Republican senators say he’s too reckless to be commander in chief. One Republican senator said: “The thought of his being president sends a cold chill down my spine. He’s erratic. He’s hotheaded. He loses his temper and he worries me.”7
8. McCain talks a lot about taking on special interests, but his campaign manager and top advisers are actually lobbyists. The government watchdog group Public Citizen says McCain has 59 lobbyists raising money for his campaign, more than any of the other presidential candidates.8
9. McCain has sought closer ties to the extreme religious right in recent years. The pastor McCain calls his “spiritual guide,” Rod Parsley, believes America’s founding mission is to destroy Islam, which he calls a “false religion.” McCain sought the political support of right-wing preacher John Hagee, who believes Hurricane Katrina was God’s punishment for gay rights and called the Catholic Church “the Antichrist” and a “false cult.”9
10. He positions himself as pro-environment, but he scored a 0—yes, zero—from the League of Conservation Voters last year.10
Sources:
1. “The Complicated History of John McCain and MLK Day,” ABC News, April 3, 2008
http://blogs.abcnews.com/politicalpunch/2008/04/the-complicated.html
“McCain Facts,” ColorOfChange.org, April 4, 2008
http://colorofchange.org/mccain_facts/
2. “McCain More Hawkish Than Bush on Russia, China, Iraq,” Bloomberg News, March 12, 2008
http://www.bloomberg.com/apps/news?pid=20601103&sid=aF28rSCtk0ZM&refer=us
“Buchanan: John McCain ‘Will Make Cheney Look Like Gandhi,'” ThinkProgress, February 6, 2008
http://thinkprogress.org/2008/02/06/buchanan-gandhi-mccain/
3. “McCain Sides With Bush On Torture Again, Supports Veto Of Anti-Waterboarding Bill,” ThinkProgress, February 20, 2008
http://thinkprogress.org/2008/02/20/mccain-torture-veto/
4. “McCain says Roe v. Wade should be overturned,” MSNBC, February 18, 2007
http://www.msnbc.msn.com/id/17222147/
5. “2007 Children’s Defense Fund Action Council® Nonpartisan Congressional Scorecard,” February 2008
http://www.childrensdefense.org/site/PageServer?pagename=act_learn_scorecard2007
“McCain: Bush right to veto kids health insurance expansion,” CNN, October 3, 2007
http://www.cnn.com/2007/POLITICS/10/03/mccain.interview/
6. “Beer Executive Could Be Next First Lady,” Associated Press, April 3, 2008
http://ap.google.com/article/ALeqM5h-S1sWHm0tchtdMP5LcLywg5ZtMgD8VQ86M80
“McCain Says Bank Bailout Should End `Systemic Risk,'” Bloomberg News, March 25, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHMiDVYaXZFM&refer=home
7. “Will McCain’s Temper Be a Liability?,” Associated Press, February 16, 2008
http://abcnews.go.com/Politics/wireStory?id=4301022
“Famed McCain temper is tamed,” Boston Globe, January 27, 2008
http://www.boston.com/news/nation/articles/2008/01/27/famed_mccain_temper_is_tamed/
8. “Black Claims McCain’s Campaign Is Above Lobbyist Influence: ‘I Don’t Know What The Criticism Is,'” ThinkProgress, April 2, 2008
http://thinkprogress.org/2008/04/02/mccain-black-lobbyist/
“McCain’s Lobbyist Friends Rally ‘Round Their Man,” ABC News, January 29, 2008
http://abcnews.go.com/Blotter/story?id=4210251
9. “McCain’s Spiritual Guide: Destroy Islam,” Mother Jones Magazine, March 12, 2008
http://www.motherjones.com/washington_dispatch/2008/03/john-mccain-rod-parsley-spiritual-guide.html
“Will McCain Specifically ‘Repudiate’ Hagee’s Anti-Gay Comments?,” ThinkProgress, March 12, 2008
http://thinkprogress.org/2008/03/12/mccain-hagee-anti-gay/
“McCain ‘Very Honored’ By Support Of Pastor Preaching ‘End-Time Confrontation With Iran,'” ThinkProgress, February 28, 2008
http://thinkprogress.org/2008/02/28/hagee-mccain-endorsement/
10. “John McCain Gets a Zero Rating for His Environmental Record,” Sierra Club, February 28, 2008
http://www.alternet.org/blogs/environment/77913/
Filed under: Economy, Fascism, George Bush, Health Care, Investigating The Candidates, Iraq War, John McCain, News, Terrorist Rhetoric, Torture | Tagged: Bush, Cheney, Children's Defense Fund, China, environment, Iraq, John McCain, republican, Russia, Torture | 3 Comments »
The U.S. unexpectedly lost jobs in February for the second consecutive month, adding to evidence the economy is in a recession.
Payrolls fell by 63,000, the biggest drop since March 2003, after a decline of 22,000 in January that was larger than initially estimated, the Labor Department said today in Washington.
Didn’t Bush say the economy was doing just fine?
Filed under: George Bush | Tagged: Bush, February, jobs loss U.S., Labor Department | Leave a comment »