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The NYE Fiscal Cliff is a Buffalo Jump. Is your herd going to fall for it?

DENVER, COLORADO- The DC Kabuki Divas are amping up their New Years cliffhanger, the so-called Fiscal Cliff, to inaugurate domestic austerity measures meant to cement the widening income gap between the rich and everybody else. If it's a cliff, it's a buffalo jump off which the easily panicked are stampeded to their death. Fiscal Cliff even shares the same initials with the last economic extortion ploy, the Financial Crisis which intro'd President Obama's preceding term.

So-called Fiscal Cliff is a Buffalo Jump

Remember the "Financial Crisis" from out of nowhere when Obama first came to office? Now it's Bank Heist, the Sequel, branded most assuredly with the assistance of Madison Avenue as a "Fiscal Cliff", shall we call it FC2? This time instead of extorting a so-called "bank bailout", the oligarchs want austerity concessions. Having looted the public treasury, they're after the public wealth we call government's primary social benefit to which the public thought it was "entitled". So our herders are crying FISCAL CLIFF hoping to divert the public beast to a real cliff, another Buffalo Jump, in urban terms, a shakedown.

Gandhi possessions safe from defilement

The iconic personal possessions of Mahatma Gandhi were auctioned this week, and will remain in India. Gandhi's poverty may have been largely symbolic, but his bowl and sandals remain unimpeachable representations of his ideals. If there's an upside to the banking collapse, it's that some Wall Street or London financier was not able to purchase Mohandas' bowl for the sole purpose of taking a shit in it.

Economic pie in the sky

Eric and I had fun in Costa Rica playing with a rainbow in the hills outside Santa Elena. We traveled down a narrow bumpy road until the bright double rainbow appeared to end in the backyard of the only house in sight. An inspiring illusion to be sure, but still only an illusion. Rainbows are like that, aren't they? Manipulable to a point; there, but not, depending on your vantage point; seen by all, fully comprehended by few. As kids we dreamed of finding the promised pot of leprechaun gold, but we never could quite get there. The promise forever remained only a promise. 6523

Apres nous, le Depression

If it matters what to call this financial crisis, what is it? Is America in a recession? When does a deep recession approach a depression? When is an economic crash revealed to be a collapse? Before we can rename the Great Depression, as we did the Great War (WWI), in deference to this latest, we would do better to address the cataclysm which left this depression. 6379

Barack’s 1/2 measures, 1/4 measures, 1/8 measures and… his new health care ‘reform’

Obama signs bill for kids health care program. But look again! Like Obama's 'withdrawal' from Iraq, his 'renouncement of torture,' now his new health care measure is a fraud too! Everything about Barack Obama is a fraud! Here is the gist of his public pretense regarding giving kids health coverage. Obama is going to leave 4,000,000 children uncovered, even 5 years down the road! 6340

The shipping news

The whining and hang-wringing about the "credit crunch" is getting on my nerves. It was this supposed crisis that led to the $700 billion bailout and we're told every day that it must be solved quickly, no matter the cost, or we're toast. But why? How many of us are actively seeking credit right now? Surely the developers and retailers want us to have lots and lots of it so we can keep hyper-consuming their goods; the bankers want us to have it so they can collect their interest and fees but, seriously, is free-flowing credit what the American public needs right now? Living beyond our means is what caused the credit meltdown in the first place! 6194

Did Bush cause the financial crisis?

Did Bush cause the financial crisis? is the question that the BBC's North America Business Correspondent in New York, Greg Wood briefly explores and his conclusion is not surprising. 5977

Time to use the word DEPRESSION again

One of the most ridiculous of the utterly false and phony positive thinking talking points used by the US's Right Wing corporate daily press and the talking heads of their TV stations is their constant babble about whether we have entered into a 'recession' or not? The correct word to be used is depression, it 's an ECONOMIC DEPRESSION we have been entered into worldwide, and there is nothing left to debate about it either. It's here. End of discussion. Go take a hike, Clowns@! 5069

How a ‘credit crunch’ can help kick an economic depression into place

In a system...where the entire continuity of the...process rests upon credit, a crisis must obviously occur -- a tremendous rush for means of payment -- when credit suddenly ceases and only cash payments have validity. At first glance, therefore, the whole crisis seems to be merely a credit and money crisis. And in fact it is only a question of the convertibility of bills of exchange into money. 4991

Senators give Paulson keys to treasury

The Senate has signed Paulson's blank check for the Wall Street ransom payment. Band of Thieves, Murder of Crows, Goddamn Jerk of Senators!   Overheard on the radio about Obama/McCain: "It's amazing such similar solutions for the economic crisis can be coming from such vastly different candidates." Not so amazing if you consider you've only assumed the red and blue are opposites. Both candidates colluding with the Banking oligarchs could be a tipoff that both parties represent the same interests. Time to wonder how the American people's interest might have been represented by an alternative third [sic] party? 4966

Credit crunch is a symptom of US economic malaise, not the cause of it

Taxpayers gifting the rich with $7,000,000,000 will not stop the coming capitalist depression at all, because it simply does not address the root causes of anything. We have been told that this crisis is merely the fault of toxic debts piling up from an American 'housing bubble', which happened due the crookedness of a few bad apples. Yes, its true, they add a few more details to this sob story but that is essentially all there is to the story line, with none of the American corporate 'leadership' class taking any personal or political responsibility at all. That is not too surprising about these moralizing immoralists at all. It is par for their course. 4960

Stop the Senate of would-be thieves!

Call your Band of Thieving Senators now to tell them you don't want to give $700 Billion --more honestly likely to be $5 Trillion-- to the robber bankers of Wall Street! Telephone Colorado Senators Ken Salazar at 202.224.5852 and Wayne Allard at 202.224.5941 NOW. Why not call OBAMA too! (phone: 202-224-2854) Tell them you want them to consult with at least ONE economist of repute! At least one analyst not on the corporate payroll. As he promised yesterday, Michael Moore suggests a 10 PART PLAN, only IF pressure can be brought to bear right now to stop the Senate bill. 4961

Who not to blame for failed bailout

COLORADO SPRINGS- We held posters that read SEIZE THE FED, JAIL NOT BAIL-OUT, FORECLOSE ON WALLSTREET, NO REWARD FOR HIGH RISK, and of course NO BUSH BAILOUT. When we got rebuttals, it went like this: "Why do you bring Bush into this? Bush doesn't have anything to do with the bailout." We needed to complain to Barack, apparently. 4947

JUST SAY NO to the WS Bailout Bandits

MEET -AFTER WORK- TUESDAY at the corner of SMITH BARNEY and MORGAN STANLEY, where DAIN RAUSCHER meets BOOZ ALLEN HAMILTON at the Plaza of the Rockies Building. That's where Colorado Springs needs to voice its objections to a bailout for the Wall Street extortionists. Don't hand over America's wealth to the money traders! Scribble your sentiments on the back of whatever poster-board is lying around your office and meet at TEJON & COLORADO from 4:30-5:30PM. Bring determination to tell them NO! (You can RSVP with TrueMajority.) 4932

Seven hundred times N,OOO,OOO,OOO!

Is the strategy to pay this ransom, then have the robbers intercepted as they make their escape? What other excuse will Democrats Pelosi and Reid offer for coming home with a bag full of 140,000,000,000 wooden nickels? That money's gone if we don't STOP THEM! STOP THEM NOW! 4930

This American Life -live it in fear

Did New York City based NPR need to hype fears of an economic collapse to Main Street USA, who's so far not spooked by the bogeyman in Wall Street's closet? NYC called in help from partners in the Chicago, the radio program THIS AMERICAN LIFE. Together they fashioned a monster to scare the heartland. 4914

EAT THE RICH!

My favorite visual from Thursday's Wall Street action: EAT THE RICH, invoking Peter Richardson's Class War cult classic. The bastards are making a grab for $700 BILLION in this salvo. Which proposition is the more preposterous?   What's with the Wall Street building garbed in the Stars and Stripes? Odd enough that the architecture impersonates a courthouse or mausoleum. Is the stock market a federal agency? Draped in Red, White and Blue it looks like the command center of the Capitalist empire.

No blank-check bailout for Wall Street

COLORADO SPRINGS, CO - Organizations in Southern Colorado will participate in a National Day of Action in opposition to the no-strings attached, $700 billion corporate bailout plan advanced by President Bush and Treasury Secretary Paulson. A press conference will take place 2PM on Thursday, Sept. 25 in front of the Department of Human Services Sand Creek Office at 1635 South Murray Blvd., Colorado Springs. 4895

The Stop the Foreclosures and Evictions Movement arises

People are losing the houses they live in, the jobs they depend on to pay the rents and mortgages, and the retirement pensions they thought secure. Michigan and Florida are especially hit hard, as well as the Gulf Coast areas hit by tropical storms and left half way abandoned by Federal relief agencies. The formation of Michigan's Coalition to Stop Foreclosures & Evictions is a clear sign of our times, and we shall see coalitions like this one now begin to form in area after area almost everywhere around the US. You can bet on it.

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