The Law of the Jungle

Posted on October 12, 2008 by Tony Logan

THE LAW OF THE JUNGLE

Trade, within a society and between countries, is the exchange of goods and services produced by human beings. The owners of the means of production appropriate the profits. As a class, they are the leaders of the capitalist state and they boast of fostering development and social wellbeing through market. This they worship as an infallible God.

In every country there is competition between the strongest and the weakest; the ones with more physical energy and better fed, those who learned how to read and write, who attended school and have more experience accumulated; the ones with more extensive social relations and more resources, and those within society who fail to have these advantages.

Now, as far as the countries is concerned, there are differences between those with a better climate and more arable land, more water and more natural resources in the area where they are located, when there are no more territories to conquer; the ones mastering technology, having greater development and handling unlimited media resources and those who, on the contrary, do not enjoy any of these prerogatives. These are the sometimes enormous differences between the rich and the poor nations.

It’s the law of the jungle.

There are no differences between ethnic groups, however, when it comes to the mental faculties of the human being. This has been thoroughly proven by science. The present society is not the natural way in which human life evolved, but rather a creation of the mentally developed man without which his life would be inconceivable. Therefore, what is at stake is whether the human being will be able to survive the privilege of having a creative mind.

The developed capitalist system, epitomized by the country with a privileged nature where the European white man brought his ideas, dreams and ambitions, is today in a crisis. But, it is not the usual crisis happening once in a number of years; not even the traumatic crisis of the 1930s but the worst of all crises since the world started to pursue this growth and development model.

The current crisis of the developed capitalist system is taking place when the empire is about to change leadership in the elections to be held in twenty-five days; it was all that was left to see.

The candidate of the two main parties that will say the last word in these elections are trying to persuade the bewildered voters –many of whom have never cared to cast a vote— that as candidates to the presidency they can secure the wellbeing and consumerism of what they describe as a people of middle class only, even though they are not planning to introduce any real changes to what they consider the most perfect economic system the world has ever known. The same world that, in their respective minds, is less important than the happiness of over three hundred million people who account for less than five percent of the world population. The fate of the remaining ninety-five percent of human beings, peace and war, the fit or unfit-for-breathing air, will highly depend on the decisions of the administrative leader of the empire, whether or not that constitutional position has any power at a time of nuclear weapons and space shields moved by computers in circumstances where every second counts and when ethical principles keep loosing their value. Still, the more or less nefarious role of the President of that country cannot be overlooked.

Racism is deeply-rooted in the United States where the mind of millions of people can hardly reconcile with the notion that a black man, with his wife and children could live in the White House, which is precisely called White.

It’s a miracle that the Democratic candidate has not met the same destiny as Martin Luther King, Malcolm X and others who only a few decades ago dreamed of justice and equality. He is in the habit of looking at his adversary with serenity and of smiling at the dialectic predicament of an opponent gazing into space.

The Republican candidate, on the other hand, who likes to enhance his reputation as a belligerent man, was one of the worst students in his class at West Point. He has confessed that he did not know any Mathematics; it can thus be assumed that he knew less of the complicated economic science.

The truth is his adversary surpasses him in cleverness and composure.

Something McCain has aplenty is age, and his health condition is not safe.

I am bringing up these data to indicate that eventually –if anything went wrong with the candidate’s health, in case he is elected— the lady of the riffle, the inexperienced former governor of Alaska could become President of the United States. It can be noticed that she does not know a thing.

Meditating on the current US public debt –$10,266 trillions— that President Bush is laying on the shoulders of the new generations in that country, I took to calculating how long it would take a man to count the debt that he has doubled in eight years.

A man working eight hours a day, without missing a second, and counting one hundred one-dollar bills per minute, during 300 days in the year, would need 710 billion years to count that amount of money.

I could not find a more graphic way to describe the volume of money that is practically mentioned every day now.

In order to avoid a general state of panic, the US administration has declared that it will secure deposits that do not exceed 250 thousand dollars. It will be managing banks and such funds as Lenin would never have thought of counting with an abacus.

We might be wondering about the contribution of Bush’s administration to Socialism. But, let’s not entertain any illusions. Once the banking operations go back to normal, the imperialists will return the banks to the private business as some other countries in this hemisphere have already done. The peoples always foot the bill.

Capitalism tends to reproduce itself under any social system because it is based on selfishness and on man’s instincts.

The only choice left to human society is to overcome this contradiction; otherwise it would not be able to survive.

At this time, the ocean of money being poured into the world finances by the central banks of the developed capitalist countries is dealing a hard blow to the Stock Exchanges of the countries which resort to these institutions in an effort to beat their economic underdevelopment. Cuba has no Stock Exchange. We shall certainly find more rational and more socialist ways of financing our development.

The current crisis and the brutal measures of the US administration to save itself will bring more inflation, more devaluation of the national currencies, more painful losses in the markets, lower prices for basic export commodities and more unequal exchange. But, they will also bring to the peoples a better understanding of the truth, a greater conscience, more rebelliousness and more revolutions.

We shall see how the crisis develops and what happens in the United States in twenty-five days.

Fidel Castro Ruz
October 11, 2008 6:15 p.m.

The crash continues as American people go into shock

Posted on October 6, 2008 by Tony Logan

dangerous Last week we saw most of America go into shock as the stark reality of the US not having a real opposition party became evident. The Democratic Party actually led the rush to pass Bush’s $700 billion giveaway to the rich Bill into law, and it was actually the Republican party that posed the minor stumbling block to getting it done. The American people were almost completely left on the sidelines as a result of simply never having constructed a major opposition party to the Two Party Big Business dictatorship that US is run under.

This week, the show has already begun again, as stocks begin the week by crumbling throughout Asia, Europe, and North America. Nobody is fooled internationally by the $700 billion dollar American give away legislation. Germany had to even copy the US government with their own give away bill, too, to the banks. Germany moves to shore up bank confidence And the Euro appears to be in as bad a shape as the dollar is in world currency marts, sliding in relation to the dollar!

Everywhere they talk of a stampede as stock values and currencies crumble. They talk of panic and they talk of crisis. The US stock market continued down this AM and everywhere there is a sense of impending doom. Hard times are now being made by the financial sectors for all of us, as unemployment rolls rise, production drops. The crash continues as the American people go into shock.

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

Posted on October 3, 2008 by Tony Logan

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.

But the majority of these bills represent actual sales and purchases, whose extension far beyond the needs of society is, after all, the basis of the whole crisis. At the same time, an enormous quantity of these bills of exchange represents plain swindle, which now reaches the light of day and collapses; furthermore, unsuccessful speculation with the capital of other people; finally, commodity-capital which has depreciated or is completely unsaleable, or returns that can never more be realized again.

The entire artificial system of forced expansion of the [ecomony] cannot, of course, be remedied by having some bank, like the [Federal Reserve], give to all the swindlers the deficient capital by means of its paper and having it buy up all the depreciated commodities at their old nominal values.

Incidentally, everything here appears distorted, since in this paper world, the real price and its real basis appear nowhere, but only bullion, metal coin, notes, bills of exchange, securities. Particularly in centers where the entire money business of the country is concentrated, like London [or New York]…the entire process becomes incomprehensible.

Senators give Paulson keys to treasury

Posted on October 1, 2008 by Eric Verlo

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?

How well are you reconciling Barack Obama’s theme of “change” as he stumped for the Wall Street money grab. Obama likened the crisis to your neighbor’s house being on fire. Besides the implication that no one would want to be uncharitable, you might also deign to pitch in for the selfish motive of keeping your neighbor’s fire from spreading to your house. That was Obama’s clever pitch, but is that what the failing investments represent? The bankers’ homes? Hardly. I can’t even think of an analogy to represent what the jeopardized assets represent to the hierarchy of needs of the super wealthy.

Assuming they are your neighbors. Would it be their twelfth snow-machine that’s on fire? Their son’s floozy’s uncle’s twelfth snowmobile on fire and threatening your house. You need to what, pay him to buy another so that the burning one can be safely drenched without pissing him off, since the thrill he gets from that snowmobile is to keep it ablaze for the thrill of endangering you and your family.

Try that one on us Obama.

UPDATE FROM MICHAEL MOORE:

Tonight, the Senate passed an even worse “bailout” bill than the one the House defeated on Monday night. Only 25 Senators (and most of them for the wrong reasons) voted “No.” It now moves to the House for a vote, possibly on Friday. Why did Obama and Biden vote for it? I think we all know the answer. Let’s keep our eye on the ball of removing the Republicans from the White House, but let tonight be our first reminder that our work is not finished on November 4th when Obama wins. The struggle between what is best for the people and what is best in order to line the pockets of Wall Street will continue. 150 million Americans combined can’t even match the wealth of the richest 400 Americans. All we have is our vote. And there will always be more of us than them. We will all need to become more politically active if we are going to get our democracy back.

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

Posted on October 1, 2008 by Tony Logan

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.

But the root cause of the capitalist downturn is about much more than a credit crunch cause or a real estate mortgages beginning the collapse. It is actually about the deficit military spending that corporate America has led us into with their stupid and asinine wars against shadows of their own making. Despite the destruction caused on that fateful day termed ‘9/11’, it could have been nothing more than a temporary and unfortunate side show for our country, but instead it was seized on by the military, policing, and corporate communities to justify skyrocketing their budgets, incomes, and profits. They went on a borrowing spree using foreign credit!

They did not buy anything of real value or substance though, and they progressively bankrupted the bulk of Americans by doing their borrowing, all the time while waving Old Glory and talking of American pride and national security, which they were busy undermining. ‘USA, USA, USA’ became the cry of the dunces they had marching behind them. They tortured not only Pentagon held POWs, but the American soul itself. The big guys total control over political life is what got us down into the pit.

Now, the only economic ‘security’ left for Americans is in the seeming ability to drag others down economically with us. Since we were such fat consumers here in the land of milk and honey, many depended on supplying us. However that market is about to collapse. Add to that that the whole world is left holding much of the valueless paper that our ruling class force fed to them at guns length. And, of course, we still have the biggest arsenal around. That almost makes our Federal Government just like any insane neighbor with an insanely huge gun collection, but barely living while dependent on food stamps to eat some fast food Chinese once and a while. Sarah and Dick to go hunting with perhaps?

Look around? The American auto industry just asked and got close to $30 billion in ‘bailout’ loot, too. It’s about to sink. And the biggest economic sink of them all is about to sink in the days ahead, also. Quite simply, our military is not sustainable. That is the cause of our economic malaise, not the housing market getting squeezed. All industry and finance got dragged down together in mass, and not just car sales and real estate.

The idiots of our country continue to want to wave the flag. They continue wanting to pump borrowed money into fighting unnecessary foreign wars like it is all some sort of crazed football game being played on the pro level! They like that corporate logo of Old Glory just as they do not mind all the corporate advertising hanging all over the place at the stadiums they hang out at weekends. They like the political and corporate cheerleaders, same as they like the young coed types with bonbons. at their games. This is their None Entiendo game done ever so Grande. Beep, beep, beep beep… Fireworks display!

The root cause of the economic downturn is deficit spending and deficit thinking by our neighbors, especially so in our White Conservative Christian neighborhoods, church on every other block. To sum it up, throwing $700,000,000,000 of tax money at the failed businesses solves nothing. It’s like throwing more weight on that old football bonfire.

Remember that collapse of the Texas A&M bonfire pileup several years ago? That’s the type of thinking America has on board at present. The economic bonfire stack is merely being set for collapse with this stupid bailout that they will eventually put through, because our nation is too dumb to have stopped it when we could. That picture of the Aggie bonfire before it collapsed is just like the Federal deficit debt pileup that is due to come crashing down on all of us. They constructed it out of vainglory.

Stop the Senate of would-be thieves!

Posted on October 1, 2008 by Eric Verlo

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.

Friends,

The richest 400 Americans — that’s right, just four hundred people — own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly $700 billion — the same amount that they are now demanding we give to them for the “bailout.” Why don’t they just spend the money they made under Bush to bail themselves out? They’d still have nearly a trillion dollars left over to spread amongst themselves!

Of course, they are not going to do that — at least not voluntarily. George W. Bush was handed a $127 billion surplus when Bill Clinton left office. Because that money was OUR money and not his, he did what the rich prefer to do — spend it and never look back. Now we have a $9.5 trillion debt. Why on earth would we even think of giving these robber barons any more of our money?

I would like to propose my own bailout plan. My suggestions, listed below, are predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps. Sorry, fellows, but you drilled it into our heads one too many times: There… is… no… free… lunch. And thank you for encouraging us to hate people on welfare! So, there will be no handouts from us to you. The Senate, tonight, is going to try to rush their version of a “bailout” bill to a vote. They must be stopped. We did it on Monday with the House, and we can do it again today with the Senate.

It is clear, though, that we cannot simply keep protesting without proposing exactly what it is we think Congress should do. So, after consulting with a number of people smarter than Phil Gramm, here is my proposal, now known as “Mike’s Rescue Plan.” It has 10 simple, straightforward points. They are:

1. APPOINT A SPECIAL PROSECUTOR TO CRIMINALLY INDICT ANYONE ON WALL STREET WHO KNOWINGLY CONTRIBUTED TO THIS COLLAPSE. Before any new money is expended, Congress must commit, by resolution, to criminally prosecute anyone who had anything to do with the attempted sacking of our economy. This means that anyone who committed insider trading, securities fraud or any action that helped bring about this collapse must go to jail. This Congress must call for a Special Prosecutor who will vigorously go after everyone who created the mess, and anyone else who attempts to scam the public in the future.

2. THE RICH MUST PAY FOR THEIR OWN BAILOUT. They may have to live in 5 houses instead of 7. They may have to drive 9 cars instead of 13. The chef for their mini-terriers may have to be reassigned. But there is no way in hell, after forcing family incomes to go down more than $2,000 dollars during the Bush years, that working people and the middle class are going to fork over one dime to underwrite the next yacht purchase.

If they truly need the $700 billion they say they need, well, here is an easy way they can raise it:

a) Every couple who makes over a million dollars a year and every single taxpayer who makes over $500,000 a year will pay a 10% surcharge tax for five years. (It’s the Senator Sanders plan. He’s like Colonel Sanders, only he’s out to fry the right chickens.) That means the rich will still be paying less income tax than when Carter was president. This will raise a total of $300 billion.

b) Like nearly every other democracy, charge a 0.25% tax on every stock transaction. This will raise more than $200 billion in a year.

c) Because every stockholder is a patriotic American, stockholders will forgo receiving a dividend check for one quarter and instead this money will go the treasury to help pay for the bailout.

d) 25% of major U.S. corporations currently pay NO federal income tax. Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. If we raise the corporate income tax back to the level of the 1950s, that gives us an extra $500 billion.

All of this combined should be enough to end the calamity. The rich will get to keep their mansions and their servants, and our United States government (“COUNTRY FIRST!”) will have a little leftover to repair some roads, bridges and schools.

3. BAIL OUT THE PEOPLE LOSING THEIR HOMES, NOT THE PEOPLE WHO WILL BUILD AN EIGHTH HOME. There are 1.3 million homes in foreclosure right now. That is what is at the heart of this problem. So instead of giving the money to the banks as a gift, pay down each of these mortgages by $100,000. Force the banks to renegotiate the mortgage so the homeowner can pay on its current value. To insure that this help does no go to speculators and those who have tried to make money by flipping houses, this bailout is only for people’s primary residence. And in return for the $100K paydown on the existing mortgage, the government gets to share in the holding of the mortgage so that it can get some of its money back. Thus, the total initial cost of fixing the mortgage crisis at its roots (instead of with the greedy lenders) is $150 billion, not $700 billion.

And let’s set the record straight. People who have defaulted on their mortgages are not “bad risks.” They are our fellow Americans, and all they wanted was what we all want and most of us still get: a home to call their own. But during the Bush years, millions of them lost the decent paying jobs they had. Six million fell into poverty. Seven million lost their health insurance. And every one of them saw their real wages go down by $2,000. Those who dare to look down on these Americans who got hit with one bad break after another should be ashamed. We are a better, stronger, safer and happier society when all of our citizens can afford to live in a home that they own.

4. IF YOUR BANK OR COMPANY GETS ANY OF OUR MONEY IN A “BAILOUT,” THEN WE OWN YOU. Sorry, that’s how it’s done. If the bank gives me money so I can buy a house, the bank “owns” that house until I pay it all back — with interest. Same deal for Wall Street. Whatever money you need to stay afloat, if our government considers you a safe risk — and necessary for the good of the country — then you can get a loan, but we will own you. If you default, we will sell you. This is how the Swedish government did it and it worked.

5. ALL REGULATIONS MUST BE RESTORED. THE REAGAN REVOLUTION IS DEAD. This catastrophe happened because we let the fox have the keys to the henhouse. In 1999, Phil Gramm authored a bill to remove all the regulations that governed Wall Street and our banking system. The bill passed and Clinton signed it. Here’s what Sen. Phil Gramm, McCain’s chief economic advisor, said at the bill signing:

“In the 1930s … it was believed that government was the answer. It was believed that stability and growth came from government overriding the functioning of free markets.

“We are here today to repeal [that] because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.

“I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future, and I am awfully proud to have been a part of making it a reality.”

This bill must be repealed. Bill Clinton can help by leading the effort for the repeal of the Gramm bill and the reinstating of even tougher regulations regarding our financial institutions. And when they’re done with that, they can restore the regulations for the airlines, the inspection of our food, the oil industry, OSHA, and every other entity that affects our daily lives. All oversight provisions for any “bailout” must have enforcement monies attached to them and criminal penalties for all offenders.

6. IF IT’S TOO BIG TO FAIL, THEN THAT MEANS IT’S TOO BIG TO EXIST. Allowing the creation of these mega-mergers and not enforcing the monopoly and anti-trust laws has allowed a number of financial institutions and corporations to become so large, the very thought of their collapse means an even bigger collapse across the entire economy. No one or two companies should have this kind of power. The so-called “economic Pearl Harbor” can’t happen when you have hundreds — thousands — of institutions where people have their money. When you have a dozen auto companies, if one goes belly-up, we don’t face a national disaster. If you have three separately-owned daily newspapers in your town, then one media company can’t call all the shots (I know… What am I thinking?! Who reads a paper anymore? Sure glad all those mergers and buyouts left us with a strong and free press!). Laws must be enacted to prevent companies from being so large and dominant that with one slingshot to the eye, the giant falls and dies. And no institution should be allowed to set up money schemes that no one can understand. If you can’t explain it in two sentences, you shouldn’t be taking anyone’s money.

7. NO EXECUTIVE SHOULD BE PAID MORE THAN 40 TIMES THEIR AVERAGE EMPLOYEE, AND NO EXECUTIVE SHOULD RECEIVE ANY KIND OF “PARACHUTE” OTHER THAN THE VERY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE COMPANY. In 1980, the average American CEO made 45 times what their employees made. By 2003, they were making 254 times what their workers made. After 8 years of Bush, they now make over 400 times what their average employee makes. How this can happen at publicly held companies is beyond reason. In Britain, the average CEO makes 28 times what their average employee makes. In Japan, it’s only 17 times! The last I heard, the CEO of Toyota was living the high life in Tokyo. How does he do it on so little money? Seriously, this is an outrage. We have created the mess we’re in by letting the people at the top become bloated beyond belief with millions of dollars. This has to stop. Not only should no executive who receives help out of this mess profit from it, but any executive who was in charge of running his company into the ground should be fired before the company receives any help.

8. STRENGTHEN THE FDIC AND MAKE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE’S SAVINGS, BUT ALSO THEIR PENSIONS AND THEIR HOMES. Obama was correct yesterday to propose expanding FDIC protection of people’s savings in their banks to $250,000. But this same sort of government insurance must be given to our nation’s pension funds. People should never have to worry about whether or not the money they’ve put away for their old age will be there. This will mean strict government oversight of companies who manage their employees’ funds — or perhaps it means that the companies will have to turn over those funds and their management to the government. People’s private retirement funds must also be protected, but perhaps it’s time to consider not having one’s retirement invested in the casino known as the stock market. Our government should have a solemn duty to guarantee that no one who grows old in this country has to worry about ending up destitute.

9. EVERYBODY NEEDS TO TAKE A DEEP BREATH, CALM DOWN, AND NOT LET FEAR RULE THE DAY. Turn off the TV! We are not in the Second Great Depression. The sky is not falling. Pundits and politicians are lying to us so fast and furious it’s hard not to be affected by all the fear mongering. Even I, yesterday, wrote to you and repeated what I heard on the news, that the Dow had the biggest one day drop in its history. Well, that’s true in terms of points, but its 7% drop came nowhere close to Black Monday in 1987 when the stock market in one day lost 23% of its value. In the ’80s, 3,000 banks closed, but America didn’t go out of business. These institutions have always had their ups and downs and eventually it works out. It has to, because the rich do not like their wealth being disrupted! They have a vested interest in calming things down and getting back into the Jacuzzi.

As crazy as things are right now, tens of thousands of people got a car loan this week. Thousands went to the bank and got a mortgage to buy a home. Students just back to college found banks more than happy to put them into hock for the next 15 years with a student loan. Life has gone on. Not a single person has lost any of their money if it’s in a bank or a treasury note or a CD. And the most amazing thing is that the American public hasn’t bought the scare campaign. The citizens didn’t blink, and instead told Congress to take that bailout and shove it. THAT was impressive. Why didn’t the population succumb to the fright-filled warnings from their president and his cronies? Well, you can only say ‘Saddam has da bomb’ so many times before the people realize you’re a lying sack of shite. After eight long years, the nation is worn out and simply can’t take it any longer.

10. CREATE A NATIONAL BANK, A “PEOPLE’S BANK.” If we really are itching to print up a trillion dollars, instead of giving it to a few rich people, why don’t we give it to ourselves? Now that we own Freddie and Fannie, why not set up a people’s bank? One that can provide low-interest loans for all sorts of people who want to own a home, start a small business, go to school, come up with the cure for cancer or create the next great invention. And now that we own AIG, the country’s largest insurance company, let’s take the next step and provide health insurance for everyone. Medicare for all. It will save us so much money in the long run. And we won’t be 12th on the life expectancy list. We’ll be able to have a longer life, enjoying our government-protected pension, and living to see the day when the corporate criminals who caused so much misery are let out of prison so that we can help reaclimate them to civilian life — a life with one nice home and a gas-free car that was invented with help from the People’s Bank.

Yours,
Michael Moore

P.S. Call your Senators now. Here’s a backup link in case we crash that site again. They are going to attempt their own version of the Looting of America tonight. And let your reps know if you agree with my 10-point plan.

Not Sons of Bitches, Dems are bitches

Posted on September 30, 2008 by Eric Verlo

When the Democrats were the minority they seemed so weak. Now in the Majority they’re positively wimps. Pundits tell us it’s a lack of leadership. Why would the corporate media overlook who’s at the whip? It would seem clear that the corporations writing the legislation, funding the campaigns, and paying for the free lunch, are driving the agenda. The GOP is paid to play the white hats, and when a bill is unpopular, the Dems are pushed forward to play the creeps.

On the proposed bailout ripoff, the Dems were not the sons of bitches, they’re just the bitches. I heard a Dem scare-mongeree explain that in spite of loathing the idea of a solution which benefited the wrong people, the bailout was our only option. “All economists agree we have to do this” he said, ignoring quite a few who have urged the opposite. The interviewer interrupted to announce, this just in, the vote had failed and as a result the DOW had plunged by 700 points. She wanted his response: “Oh. My. God.”

As Bush and his GOP team stand in the shadows, the Democrats are thrust forward to “lead” the support for this criminal legislation. Whether the bill won or lost, either way the Democrats would come out looking like shits.

I’m reminded about how an invading army flushes out defenders still hiding. Send your captives into the buildings to spring the booby-traps. Make them open the doors to draw the fire. Among thugs in prison the dirty work is done by the bitches.

Except for Democracy Now, the media won’t report the authentic Democratic efforts to lead. Here’s Dennis Kucinich on the floor of Congress speaking against the bailout and asking: why, why why:

“The $700 billion bailout for Wall Street, is driven by fear not fact. This is too much money in too a short a time going to too few people while too many questions remain unanswered.

Why aren’t we having hearings on the plan we have just received? Why aren’t we questioning the underlying premise of the need for a bailout with taxpayers’ money?

Why have we not considered any alternatives other than to give $700 billion to Wall Street? Why aren’t we asking Wall Street to clean up its own mess?

Why aren’t we passing new laws to stop the speculation, which triggered this? Why aren’t we putting up new regulatory structures to protect investors? How do we even value the $700 billion in toxic assets?

“Why aren’t we helping homeowners directly with their debt burden? Why aren’t we helping American families faced with bankruptcy. Why aren’t we reducing debt for Main Street instead of Wall Street?

Isn’t it time for fundamental change in our debt based monetary system, so we can free ourselves from the manipulation of the Federal Reserve and the banks?

Is this the United States Congress or the board of directors of Goldman Sachs? Wall Street is a place of bears and bulls. It is not smart to force taxpayers to dance with bears or to follow closely behind the bulls.”

Michael Moore is more charitable about the Democrats’ actions yesterday. Here’s his update:

Friends,

Everyone said the bill would pass. The masters of the universe were already making celebratory dinner reservations at Manhattan’s finest restaurants. Personal shoppers in Dallas and Atlanta were dispatched to do the early Christmas gifting. Mad Men of Chicago and Miami were popping corks and toasting each other long before the morning latte run.

But what they didn’t know was that hundreds of thousands of Americans woke up yesterday morning and decided it was time for revolt. The politicians never saw it coming. Millions of phone calls and emails hit Congress so hard it was as if Marshall Dillon, Elliot Ness and Dog the Bounty Hunter had descended on D.C. to stop the looting and arrest the thieves.

The Corporate Crime of the Century was halted by a vote of 228 to 205. It was rare and historic; no one could remember a time when a bill supported by the president and the leadership of both parties went down in defeat. That just never happens.

A lot of people are wondering why the right wing of the Republican Party joined with the left wing of the Democratic Party in voting down the thievery. Forty percent of Democrats and two-thirds of Republicans voted against the bill.

Here’s what happened:

The presidential race may still be close in the polls, but the Congressional races are pointing toward a landslide for the Democrats. Few dispute the prediction that the Republicans are in for a whoopin’ on November 4th. Up to 30 Republican House seats could be lost in what would be a stunning repudiation of their agenda.

The Republican reps are so scared of losing their seats, when this “financial crisis” reared its head two weeks ago, they realized they had just been handed their one and only chance to separate themselves from Bush before the election, while doing something that would make them look like they were on the side of “the people.”

Watching C-Span yesterday morning was one of the best comedy shows I’d seen in ages. There they were, one Republican after another who had backed the war and sunk the country into record debt, who had voted to kill every regulation that would have kept Wall Street in check — there they were, now crying foul and standing up for the little guy! One after another, they stood at the microphone on the House floor and threw Bush under the bus, under the train (even though they had voted to kill off our nation’s trains, too), heck, they would’ve thrown him under the rising waters of the Lower Ninth Ward if they could’ve conjured up another hurricane. You know how your dog acts when sprayed by a skunk? He howls and runs around trying to shake it off, rubbing and rolling himself on every piece of your carpet, trying to get rid of the stench. That’s what it looked like on the Republican side of the aisle yesterday, and it was a sight to behold.

The 95 brave Dems who broke with Barney Frank and Chris Dodd were the real heroes, just like those few who stood up and voted against the war in October of 2002. Watch the remarks from yesterday of Reps. Marcy Kaptur, Sheila Jackson Lee, and Dennis Kucinich. They spoke the truth.

The Dems who voted for the giveaway did so mostly because they were scared by the threats of Wall Street, that if the rich didn’t get their handout, the market would go nuts and then it’s bye-bye stock-based pension and retirement funds.

And guess what? That’s exactly what Wall Street did! The largest, single-day drop in the Dow in the history of the New York Stock exchange. The news anchors last night screamed it out: Americans just lost 1.2 trillion dollars in the stock market!! It’s a financial Pearl Harbor! The sky is falling! Bird flu! Killer Bees!

Of course, sane people know that nobody “lost” anything yesterday, that stocks go up and down and this too shall pass because the rich will now buy low, hold, then sell off, then buy low again.

But for now, Wall Street and its propaganda arm (the networks and media it owns) will continue to try and scare the bejesus out of you. It will be harder to get a loan. Some people will lose their jobs. A weak nation of wimps won’t last long under this torture. Or will we? Is this our line in the sand?

Here’s my guess: The Democratic leadership in the House secretly hoped all along that this lousy bill would go down. With Bush’s proposals shredded, the Dems knew they could then write their own bill that favors the average American, not the upper 10% who were hoping for another kegger of gold.

So the ball is in the Democrats’ hands. The gun from Wall Street remains at their head. Before they make their next move, let me tell you what the media kept silent about while this bill was being debated:

1. The bailout bill had NO enforcement provisions for the so-called oversight group that was going to monitor Wall Street’s spending of the $700 billion;

2. It had NO penalties, fines or imprisonment for any executive who might steal any of the people’s money;

3. It did NOTHING to force banks and lenders to rewrite people’s mortgages to avoid foreclosures — this bill would not have stopped ONE foreclosure!;

4. It had NO teeth anywhere in the entire piece of legislation, using words like “suggested” when referring to the government being paid back for the bailout;

5. Over 200 economists wrote to Congress and said this bill might actually WORSEN the “financial crisis” and cause even MORE of a meltdown.

Put a fork in this slab of pork. It’s over. Now it is time for our side to state very clearly the laws WE want passed. I will send you my proposals later today. We’ve bought ourselves less than 72 hours.

Yours,
Michael Moore

The specter of world wide depression raises its head

Posted on September 29, 2008 by Tony Logan

We are so self centered in the US! As our government’s military deficit spending collapses the American capitalist economy we seem to forget that the crisis is a global one now. The Democratic/ Republican team have dragged down the global economy and not just our national one.

Stock markets all across the globe have been crashing due to what is termed in the Big Business press as being a ‘credit crunch’. Look everywhere, whether it be China, Russia, Japan, Iceland, Germany, France, or wherever, and the Almighty Dollar is dragging them all down. Something much more than a ‘credit crunch’ is involved in this international meltdown of the global economy.

Actually, what we are seeing and experiencing is the normal global capitalist economic cycle in motion. The downsides are just not very much fun for most of us, and, in fact, neither are the ‘upturns’ either. There is no such thing as ‘regulated capitalism’ since the regulators always ultimately turn out to be the capitalists regulating themselves, and that is no real regulation at all. There has got to be a better way!

Seven hundred times N,OOO,OOO,OOO!

Posted on September 29, 2008 by Eric Verlo

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!

We hear pundits say the bailout sum is beyond comprehension. Nonsense. It’s our prosperity, our health, the pursuit of happiness we offer our children and take for granted. Gone. Unless there is still time to shout down the miscreants in Washington. As we see the politicians of every stripe complicit in this heist, and insufficient outcry in the streets, isn’t it hard not to conclude Americans are getting what they deserve? If you have any gut feeling that you DO NOT WANT TO STAND IDLY BY, listen to Michael Moore: (although the DC email/phone connection appears to have been pulled.)

Friends,

Let me cut to the chase. The biggest robbery in the history of this country is taking place as you read this. Though no guns are being used, 300 million hostages are being taken. Make no mistake about it: After stealing a half trillion dollars to line the pockets of their war-profiteering backers for the past five years, after lining the pockets of their fellow oilmen to the tune of over a hundred billion dollars in just the last two years, Bush and his cronies — who must soon vacate the White House — are looting the U.S. Treasury of every dollar they can grab. They are swiping as much of the silverware as they can on their way out the door.

No matter what they say, no matter how many scare words they use, they are up to their old tricks of creating fear and confusion in order to make and keep themselves and the upper one percent filthy rich. Just read the first four paragraphs of the lead story in last Monday’s New York Times and you can see what the real deal is:

“Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

“Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

“At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.

“Nobody wants to be left out of Treasury’s proposal to buy up bad assets of financial institutions.”

Unbelievable. Wall Street and its backers created this mess and now they are going to clean up like bandits. Even Rudy Giuliani is lobbying for his firm to be hired (and paid) to “consult” in the bailout.

The problem is, nobody truly knows what this “collapse” is all about. Even Treasury Secretary Paulson admitted he doesn’t know the exact amount that is needed (he just picked the $700 billion number out of his head!). The head of the congressional budget office said he can’t figure it out nor can he explain it to anyone.

And yet, they are screeching about how the end is near! Panic! Recession! The Great Depression! Y2K! Bird flu! Killer bees! We must pass the bailout bill today!! The sky is falling! The sky is falling!

Falling for whom? NOTHING in this “bailout” package will lower the price of the gas you have to put in your car to get to work. NOTHING in this bill will protect you from losing your home. NOTHING in this bill will give you health insurance.

Health insurance? Mike, why are you bringing this up? What’s this got to do with the Wall Street collapse?

It has everything to do with it. This so-called “collapse” was triggered by the massive defaulting and foreclosures going on with people’s home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it’s because too many working class idiots were given mortgages that they really couldn’t afford. Here’s the truth: The number one cause of people declaring bankruptcy is because of medical bills. Let me state this simply: If we had had universal health coverage, this mortgage “crisis” may never have happened.

This bailout’s mission is to protect the obscene amount of wealth that has been accumulated in the last eight years. It’s to protect the top shareholders who own and control corporate America. It’s to make sure their yachts and mansions and “way of life” go uninterrupted while the rest of America suffers and struggles to pay the bills. Let the rich suffer for once. Let them pay for the bailout. We are spending 400 million dollars a day on the war in Iraq. Let them end the war immediately and save us all another half-trillion dollars!

I have to stop writing this and you have to stop reading it. They are staging a financial coup this morning in our country. They are hoping Congress will act fast before they stop to think, before we have a chance to stop them ourselves. So stop reading this and do something — NOW! Here’s what you can do immediately:

1. Call or e-mail Senator Obama. Tell him he does not need to be sitting there trying to help prop up Bush and Cheney and the mess they’ve made. Tell him we know he has the smarts to slow this thing down and figure out what’s the best route to take. Tell him the rich have to pay for whatever help is offered. Use the leverage we have now to insist on a moratorium on home foreclosures, to insist on a move to universal health coverage, and tell him that we the people need to be in charge of the economic decisions that affect our lives, not the barons of Wall Street.

2. Take to the streets. Participate in one of the hundreds of quickly-called demonstrations that are taking place all over the country (especially those near Wall Street and DC).

3. Call your Representative in Congress and your Senators. (click here to find their phone numbers). Tell them what you told Senator Obama.

When you screw up in life, there is hell to pay. Each and every one of you reading this knows that basic lesson and has paid the consequences of your actions at some point. In this great democracy, we cannot let there be one set of rules for the vast majority of hard-working citizens, and another set of rules for the elite, who, when they screw up, are handed one more gift on a silver platter. No more! Not again!

Yours,
Michael Moore
MMFlint@aol.com
MichaelMoore.com

P.S. Having read further the details of this bailout bill, you need to know you are being lied to. They talk about how they will prevent golden parachutes. It says NOTHING about what these executives and fat cats will make in SALARY. According to Rep. Brad Sherman of California, these top managers will continue to receive million-dollar-a-month paychecks under this new bill. There is no direct ownership given to the American people for the money being handed over. Foreign banks and investors will be allowed to receive billion-dollar handouts. A large chunk of this $700 billion is going to be given directly to Chinese and Middle Eastern banks. There is NO guarantee of ever seeing that money again.

P.P.S. From talking to people I know in DC, they say the reason so many Dems are behind this is because Wall Street this weekend put a gun to their heads and said either turn over the $700 billion or the first thing we’ll start blowing up are the pension funds and 401(k)s of your middle class constituents. The Dems are scared they may make good on their threat. But this is not the time to back down or act like the typical Democrat we have witnessed for the last eight years. The Dems handed a stolen election over to Bush. The Dems gave Bush the votes he needed to invade a sovereign country. Once they took over Congress in 2007, they refused to pull the plug on the war. And now they have been cowered into being accomplices in the crime of the century. You have to call them now and say “NO!” If we let them do this, just imagine how hard it will be to get anything good done when President Obama is in the White House. THESE DEMOCRATS ARE ONLY AS STRONG AS THE BACKBONE WE GIVE THEM. CALL CONGRESS NOW.

Liberty! Equality! Fraternity!

Posted on September 25, 2008 by Eric Verlo

Rick Davis & Freddie Mac: it’s Keating 5 all over again,
except this time there aren’t five to blame, just John McCain.

John McCain’s taking a nap. Let’s hope he never wakes up. Now that McCain and Palin have chickened out of the debates, they should just concede the election. The voters have seen what liars and frauds they are, the only way they could win now would be to buy off Diebold, and I don’t think America is going to put up with that again.

Bush’s speech last night was one of the most pathetic things I’ve ever witnessed. Him recounting the sequence of failures, like a schoolkid trying to prove he had been paying attention in class, but showing not a bit more insight as to why they failed, than if he had just been scanning the newspaper headlines for the last few weeks. All that kept going through my mind was how many times he has insisted there was nothing to worry about, “the fundamentals of our economy are strong.” This country is going to need a Truth and Reconcilliation commission, so we can round up and prosecute all these crooks, along with everyone who helped them get away with it.

Treasury Secretary Paulson blames future administrations for current financial crisis.

Democrats and Republicans reach deal, they will sell your children and grandchildren into slavery, in order to keep Wall St. in the luxury to which it has become accustomed.

John Edwards may have spent $400 on a haircut, but John McCain spent $5,500 on makeup!

McCain wanted Condi Rice, not Sarah Palin, as his VP running mate, but thought her being a lesbian would kill the ticket.

Sarah Palin’s lover revealed. And it ain’t Todd, it’s his best friend! Way to go, Ms. “Family Values!”

Excerpts from Thomas McCullock’s Sept 25 notes, thomasmc.com.

The Wall Street crisis was an inside job

Posted on September 25, 2008 by Eric Verlo

WHO’S LIKENING THE WALL STREET CRISIS TO 9/11?! One was perpetrated by insiders, with the collusion of the US government, to exploit citizen’s fears, and restructure our representational Democracy into an authoritarian oligarchy. Which act of state terror against the American people does this describe?

And OH MY GOODNESS, would it be anti-Zionist to notice the same cast of characters? Religion has nothing to do with it, at least I’m not about to suggest greed and avarice are inherent to one spiritual belief. We’re expected to ignore that high finance shares a common, unfairly maligned thus protected preemptively against defamation, tribal membership.

There’s an alternative solution to the emergency on Wall Street which I’ve heard floating around. Considering we’re being advised to put out the fire by enlisting the employment of a high priced bucket brigade consisting entirely of the arsonists themselves.

I favor rounding up the guilty parties, those whose pockets are bulging with the profits made from the missing leverage, and have them bail out their precious system. Their collected wealth should amount to a pretty penny.

(Not even close? Who has any idea what a billion or a trillion dollars looks like? Except maybe those who absconded with the $13B missing in Iraq. In any case, late night talk show hosts should quit joking that Barack Obama could raise the needed trillions in a month’s worth of fundraisers.)

Where was I, line them up, empty their pockets and shoot them? Naw. ASK the bankers to ante up. If they don’t want to keep their game afloat, why should we?

No really. Was this an attack on our economic system, on par with the 9/11 strike against US secular trade exploitation of the Third World? Then by their own definition it’s terrorism. These ruthless bankers are terrorists. Lock them away with their lawyers and accountants and lobbyists. Anyone who gives material support to terrorists is guilty, by their own rules.

No blank-check bailout for Wall Street

Posted on September 25, 2008 by NMT

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.

From the LOCAL PRESS RELEASE:

“We believe the bailout is wrong headed – it’s low-wage working families struggling to make ends meet, who will most suffer the consequences of this kind of bad economic policy,” said Dennis Apuan, community leader and Democratic candidate for Statehouse, District 17. “We must press on our elected officials to ensure that families do not have to make impossible choices between feeding their children, heating their homes and filling their prescriptions. We need leaders who know how to respond to the growing need in our communities – lost jobs, threatened homes, and surging food and energy prices,” Apuan added.

The National Day of Action will feature more than 75 press conferences, demonstrations and other public events throughout the United States. Some of the events are being held by local and national organizations; others will be citizen-organized, involving taxpayers angered by the proposed corporate bailout, as introduced in Congress. The local event will include a voter registration drive and sign-up opportunities to volunteer in community civic engagement.

“With so many of the citizens and residents of House District 17 suffering from the downturn in the economy, it is important that they have a voice in these ill-advised corporate bailouts,” said Rosemary Harris, President of the Colorado Springs Branch NAACP. “This is a diverse community, with people from all racial, social and economic backgrounds. Our lives matter. Our voices matter. And our vote is our true voice. Registering voters who will determine the future policies and future leaders of this House District, this state, and this country is perhaps the best way to respond to the actions of those in Washington,” Harris added.

Among the leaders of the national organizing effort are TrueMajority.org, US Action Education Fund, ACORN, Campaign For America’s Future, Coalition on Human Needs, Military Spouses For Change, National Priorities Project and many others.

From the INDYPENDENT’s Arun Gupta, the ORIGINAL EMAIL CALL-OUT:

NO BAILOUT FOR WALL STREET
Protest on Wall Street this Thursday at 4pm!
Call to Self-Organize

This week the White House is going to try to push through the biggest robbery in world history with nary a stitch of debate to bail out the Wall Street bastards who created this economic apocalypse in the first place.

This is the financial equivalent of September 11. They think, just like with the Patriot Act, they can use the shock to force through the “therapy,” and we’ll just roll over!

Think about it: They said providing healthcare for 9 million children, perhaps costing $6 billion a year, was too expensive, but there’s evidently no sum of money large enough that will sate the Wall Street pigs. If this passes, forget about any money for environmental protection, to counter global warming, for education, for national healthcare, to rebuild our decaying infrastructure, for alternative energy.

This is a historic moment. We need to act now while we can influence the debate. Let’s demonstrate this Thursday at 4pm in Wall Street (see below).

We know the congressional Democrats will peep meekly before caving in like they have on everything else, from FISA to the Iraq War.

With Bear Stearns, Fannie and Freddie, AIG, the money markets and now this omnibus bailout, well in excess of $1 trillion will be distributed from the poor, workers and middle class to the scum floating on top.

This whole mess gives lie to the free market. The Feds are propping up stock prices, directing buyouts, subsidizing crooks and swindlers who already made a killing off the mortgage bubble.

Worst of all, even before any details have been hashed out, The New York Times admits that “Wall Street began looking for ways to profit from it,” and its chief financial correspondent writes that the Bush administration wants “Congress to give them a blank check to do whatever they want, whatever the cost, with no one able to watch them closely.”

It’s socialism for the rich and dog-eat-dog capitalism for the rest of us.

Let’s take it to the heart of the financial district! Gather at 4pm, this Thursday, Sept. 25 in the plaza at the southern end of Bowling Green Park, which is the small triangular park that has the Wall Street bull at the northern tip.

By having it later in the day we can show these thieves, as they leave work, we’re not their suckers. Plus, anyone who can’t get off work can still join us downtown as soon as they are able.

There is no agenda, no leaders, no organizing group, nothing to endorse other than we’re not going to pay! Let the bondholders pay, let the banks pay, let those who brought the “toxic” mortgage-backed securities pay!

On this list are many key organizers and activists. We have a huge amount of connections – we all know many other organizations, activists and community groups. We know P.R. folk who can quickly write up and distribute press releases, those who can contact legal observers, media activists who can spread the word, the videographers who can film the event, etc.

Do whatever you can – make and distribute your own flyers, contact all your groups and friends. This crime is without precedence and we can’t be silent! What’s the point of waiting for someone else to organize a protest two months from now, long after the crime has been perpetrated?

We have everything we need to create a large, peaceful, loud demonstration. Millions of others must feel the same way; they just don’t know what to do. Let’s take the lead and make this the start!

AGAIN:
When: 4pm – ? Thursday, September 25.
Where: Southern end of Bowling Green Park, in the plaza area
What to bring: Banners, noisemakers, signs, leaflets, etc.
Why: To say we won’t pay for the Wall Street bailout
Who: Everyone!

PETITION LETTER from 200 ECONOMISTS:

To the Speaker of the House of Representatives and the President pro tempore of the Senate:

As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:

1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses. Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.

2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.

3) Its long-term effects. If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America’s dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.

For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.

Signed (updated at 9/25/2008 8:30AM CT)

Acemoglu Daron (Massachussets Institute of Technology)
Adler Michael (Columbia University)
Admati Anat R. (Stanford University)
Alexis Marcus (Northwestern University)
Alvarez Fernando (University of Chicago)
Andersen Torben (Northwestern University)
Baliga Sandeep (Northwestern University)
Banerjee Abhijit V. (Massachussets Institute of Technology)
Barankay Iwan (University of Pennsylvania)
Barry Brian (University of Chicago)
Bartkus James R. (Xavier University of Louisiana)
Becker Charles M. (Duke University)
Becker Robert A. (Indiana University)
Beim David (Columbia University)
Berk Jonathan (Stanford University)
Bisin Alberto (New York University)
Bittlingmayer George (University of Kansas)
Boldrin Michele (Washington University)
Brooks Taggert J. (University of Wisconsin)
Brynjolfsson Erik (Massachusetts Institute of Technology)
Buera Francisco J. (UCLA)
Camp Mary Elizabeth (Indiana University)
Carmel Jonathan (University of Michigan)
Carroll Christopher (Johns Hopkins University)
Cassar Gavin (University of Pennsylvania)
Chaney Thomas (University of Chicago)
Chari Varadarajan V. (University of Minnesota)
Chauvin Keith W. (University of Kansas)
Chintagunta Pradeep K. (University of Chicago)
Christiano Lawrence J. (Northwestern University)
Cochrane John (University of Chicago)
Coleman John (Duke University)
Constantinides George M. (University of Chicago)
Crain Robert (UC Berkeley)
Culp Christopher (University of Chicago)
Da Zhi (University of Notre Dame)
Davis Morris (University of Wisconsin)
De Marzo Peter (Stanford University)
Dubé Jean-Pierre H. (University of Chicago)
Edlin Aaron (UC Berkeley)
Eichenbaum Martin (Northwestern University)
Ely Jeffrey (Northwestern University)
Eraslan Hülya K. K.(Johns Hopkins University)
Faulhaber Gerald (University of Pennsylvania)
Feldmann Sven (University of Melbourne)
Fernandez-Villaverde Jesus (University of Pennsylvania)
Fohlin Caroline (Johns Hopkins University)
Fox Jeremy T. (University of Chicago)
Frank Murray Z.(University of Minnesota)
Frenzen Jonathan (University of Chicago)
Fuchs William (University of Chicago)
Fudenberg Drew (Harvard University)
Gabaix Xavier (New York University)
Gao Paul (Notre Dame University)
Garicano Luis (University of Chicago)
Gerakos Joseph J. (University of Chicago)
Gibbs Michael (University of Chicago)
Glomm Gerhard (Indiana University)
Goettler Ron (University of Chicago)
Goldin Claudia (Harvard University)
Gordon Robert J. (Northwestern University)
Greenstone Michael (Massachusetts Institute of Technology)
Guadalupe Maria (Columbia University)
Guerrieri Veronica (University of Chicago)
Hagerty Kathleen (Northwestern University)
Hamada Robert S. (University of Chicago)
Hansen Lars (University of Chicago)
Harris Milton (University of Chicago)
Hart Oliver (Harvard University)
Hazlett Thomas W. (George Mason University)
Heaton John (University of Chicago)
Heckman James (University of Chicago – Nobel Laureate)
Henderson David R. (Hoover Institution)
Henisz, Witold (University of Pennsylvania)
Hertzberg Andrew (Columbia University)
Hite Gailen (Columbia University)
Hitsch Günter J. (University of Chicago)
Hodrick Robert J. (Columbia University)
Hopenhayn Hugo (UCLA)
Hurst Erik (University of Chicago)
Imrohoroglu Ayse (University of Southern California)
Isakson Hans (University of Northern Iowa)
Israel Ronen (London Business School)
Jaffee Dwight M. (UC Berkeley)
Jagannathan Ravi (Northwestern University)
Jenter Dirk (Stanford University)
Jones Charles M. (Columbia Business School)
Kaboski Joseph P. (Ohio State University)
Kahn Matthew (UCLA)
Kaplan Ethan (Stockholm University)
Karolyi, Andrew (Ohio State University)
Kashyap Anil (University of Chicago)
Keim Donald B (University of Pennsylvania)
Ketkar Suhas L (Vanderbilt University)
Kiesling Lynne (Northwestern University)
Klenow Pete (Stanford University)
Koch Paul (University of Kansas)
Kocherlakota Narayana (University of Minnesota)
Koijen Ralph S.J. (University of Chicago)
Kondo Jiro (Northwestern University)
Korteweg Arthur (Stanford University)
Kortum Samuel (University of Chicago)
Krueger Dirk (University of Pennsylvania)
Ledesma Patricia (Northwestern University)
Lee Lung-fei (Ohio State University)
Leeper Eric M. (Indiana University)
Leuz Christian (University of Chicago)
Levine David I.(UC Berkeley)
Levine David K.(Washington University)
Levy David M. (George Mason University)
Linnainmaa Juhani (University of Chicago)
Lott John R. Jr. (University of Maryland)
Lucas Robert (University of Chicago – Nobel Laureate)
Luttmer Erzo G.J. (University of Minnesota)
Manski Charles F. (Northwestern University)
Martin Ian (Stanford University)
Mayer Christopher (Columbia University)
Mazzeo Michael (Northwestern University)
McDonald Robert (Northwestern University)
Meadow Scott F. (University of Chicago)
Mehra Rajnish (UC Santa Barbara)
Mian Atif (University of Chicago)
Middlebrook Art (University of Chicago)
Miguel Edward (UC Berkeley)
Miravete Eugenio J. (University of Texas at Austin)
Miron Jeffrey (Harvard University)
Moretti Enrico (UC Berkeley)
Moriguchi Chiaki (Northwestern University)
Moro Andrea (Vanderbilt University)
Morse Adair (University of Chicago)
Mortensen Dale T. (Northwestern University)
Mortimer Julie Holland (Harvard University)
Muralidharan Karthik (UC San Diego)
Nanda Dhananjay (University of Miami)
Nevo Aviv (Northwestern University)
Ohanian Lee (UCLA)
Pagliari Joseph (University of Chicago)
Papanikolaou Dimitris (Northwestern University)
Parker Jonathan (Northwestern University)
Paul Evans (Ohio State University)
Pejovich Svetozar (Steve) (Texas A&M University)
Peltzman Sam (University of Chicago)
Perri Fabrizio (University of Minnesota)
Phelan Christopher (University of Minnesota)
Piazzesi Monika (Stanford University)
Piskorski Tomasz (Columbia University)
Rampini Adriano (Duke University)
Reagan Patricia (Ohio State University)
Reich Michael (UC Berkeley)
Reuben Ernesto (Northwestern University)
Roberts Michael (University of Pennsylvania)
Robinson David (Duke University)
Rogers Michele (Northwestern University)
Rotella Elyce (Indiana University)
Ruud Paul (Vassar College)
Safford Sean (University of Chicago)
Sandbu Martin E. (University of Pennsylvania)
Sapienza Paola (Northwestern University)
Savor Pavel (University of Pennsylvania)
Scharfstein David (Harvard University)
Seim Katja (University of Pennsylvania)
Seru Amit (University of Chicago)
Shang-Jin Wei (Columbia University)
Shimer Robert (University of Chicago)
Shore Stephen H. (Johns Hopkins University)
Siegel Ron (Northwestern University)
Smith David C. (University of Virginia)
Smith Vernon L.(Chapman University- Nobel Laureate)
Sorensen Morten (Columbia University)
Spiegel Matthew (Yale University)
Stevenson Betsey (University of Pennsylvania)
Stokey Nancy (University of Chicago)
Strahan Philip (Boston College)
Strebulaev Ilya (Stanford University)
Sufi Amir (University of Chicago)
Tabarrok Alex (George Mason University)
Taylor Alan M. (UC Davis)
Thompson Tim (Northwestern University)
Tschoegl Adrian E. (University of Pennsylvania)
Uhlig Harald (University of Chicago)
Ulrich, Maxim (Columbia University)
Van Buskirk Andrew (University of Chicago)
Veronesi Pietro (University of Chicago)
Vissing-Jorgensen Annette (Northwestern University)
Wacziarg Romain (UCLA)
Weill Pierre-Olivier (UCLA)
Williamson Samuel H. (Miami University)
Witte Mark (Northwestern University)
Wolfers Justin (University of Pennsylvania)
Woutersen Tiemen (Johns Hopkins University)
Zingales Luigi (University of Chicago)
Zitzewitz Eric (Dartmouth College)

Hand over the treasure, or we’ll burn the ship down! Arrrrrr!

Posted on September 24, 2008 by Thomas Mc

First Wall St. demanded a $1T bailout, so taxpayers relaxed a bit when Paulson said it was only $700B (!) Now it looks like they’re upping the extortion to $5T. Since less than 100 million Americans actually pay Federal Income Tax, that makes your share $50,000. Just make your check out to Robber Barrons, Inc.

Hand over the treasure, or we’ll burn the ship down! Arrrrrr!

Break out the torches and pitchforks, even the Senate Republicans have turned on the Frankenstein Administration.

Newt Gingrich warns McCain not to vote for Wall St. bailout. “I don’t know how he can vote for this and with a straight face go around and say that he’s for real change and he’s the reform candidate.” Probably with the same straight face he lies with in every campaign statement and ad, “my friends,” with that creepy smile that looks like his dentures are about to fall out.

McCain suspending campaign to deal with the New Great Depression he created. Of course, by “suspending,” he means that he will make the financial crisis his own private campaign issue, and will attack Obama for “putting his campaign ahead of issues” if he even so much as talks about the bailout.

George W. Bush’s unbelievably hypocritical speech at the UN. [video]

Bill Clinton on The Daily Show.

We Are the Enemy. US Gov’t to station troops inside the US to control dissent. Hey, it worked for Hitler.

John LaBruzzo (Eugenics Party-LA) wants to sterilize the poor, and pay the rich to procreate. And people thought we were crazy when we compared them to Hitler.

Excerpts from Thomas McCullock’s Sept 24 notes, thomasmc.com.

Wall Street fleecing goes into hyperdrive

Posted on September 23, 2008 by Thomas Mc

The Great American Swindle. $1T Bail out plan for Wall St. would give absolute power to Treasury Secretary Paulson, his decisions on how to spend the money would not be reviewable by Congress, or any court of law. This, after they included a provision in the $85B AIG bailout that lets financial firms use customer assets to insure solvency — which means they can borrow your stocks, bonds, CDs, money market acct., etc. — without your permission — and if they go under, you are just another creditor in bankruptcy court.

The GOP Disease. The “Party of Responsibility” morphed under Regan deregulation into Capitalist Anarchists, “failures are just the market regulating itself.” But now that that the financial institutions are failing (which the regulations were designed to prevent) they suddenly become Socialists — but only for the filthy rich. The other 95% of us are left on our own.

The bailouts of Wall St. brings to mind Republican president Ronald Reagan’s comments about “welfare queens driving Cadillacs,” but today’s welfare queens have private jets, enormous mansions, and multi-million dollar incomes. And that’s just fine with the GOP.

McCain declares war on the New York Times, for revealing his campaign manager was behind the deregulation that brought on Wall St. collapse.

Conservative George Will goes after McCain.

McCain lies. He said he supported Northern Ireland peace process, but he opposed it.

McCain opposes MidEast peace process.

Why is John McCain so afraid of Rachel Maddow?

Top Alaskan Republican, Senator Lyda Green says “Palin isn’t prepared to be governor. How can she be prepared to be vice president or president? Look at what she’s done to this state. What would she do to the nation?”

McCain’s chief of staff outed as gay. Suppose Sarah Palin will demand he be burned at the stake? Or will she just shoot him and mount him on the wall of her den?

Rush Limbaugh says Obama isn’t black, he’s Arab.

Fool us once … we won’t get fooled again. Polls: “by a two-to-one margin Americans blame Republicans for the current financial crisis.” 82% say the economy is getting worse (0% say it is getting better), and only 28% support the bailouts. Not that the politicians, bought and paid for by Wall St., give a damn what we think. Oh, and 54% say the US is losing the “war on terror.”

Excerpts from Thomas McCullock’s Sept 23 notes, thomasmc.com.

The Economic Meltdown Was Staged As an Act of Class War

Posted on September 22, 2008 by Thomas Mc

Free Levi!

The Kleptocrats are pulling the biggest heist in world history. They created money out of nothing, and are now dumping all that worthless paper on the taxpayers. The Robber Barrons took the money and ran, and are now planning their next, even bigger, heist.

Even arch conservative Bill Kristol is balking at the trillion dollar heist being pulled on the taxpayer. And he isn’t the only one.

Know them by their fruits. McCain’s campaign manager made $2 million blocking regulations for the mortgage “industry.”

McCain: “I’m glad I deregulated Wall Street.”

Fed Chairman and Treasury Secretary told Senate on Friday that complete meltdown of our entire financial system is just days away. Or, as John McCain would say, “the fundamentals of our economy are strong.” Just not in our favor. And their “rescue plan” is likely to finish off our economy all together. All because, 8 years ago, half the voters thought it would be cute to vote for the guy they’d like to have a beer with. Maybe America deserves to fail.

Bare market. Fed moves to rescue Goldman Sachs and Morgan Stanley.

USA is collapsing just like USSR. It’s now unavoidable, the only question is, what comes after?

John McCain (KKK Party) scapegoats blacks for financial crisis. Oh, and BTW, Obama is black, so he must be in cahoots!

Non-elitist John McCain owns THIRTEEN cars.

One swindle after another. McCain thinks a market-based reform of the health care crisis is called for, since that worked so well with Wall St.

Saturday Night Live skit reveals the truth about the McCain campaign better than all the news networks combined.

Judge orders Cheney to preserve records. As if he’s ever obeyed the law before.

NASA to hold press conference Tuesday about death of our solar system.

Excerpts from Thomas McCullock’s Sept 22 notes, thomasmc.com.

a nice email fundraiser to help out those poor Wall Street LOSERS!!

Posted on September 22, 2008 by Brother Jonah

Credit where it’s due, one of my Democratic friends posted this on alfrankenweb.com, username is JPZenger, after a Revolutionary War era Journalist from New York.

Enjoy and forward to all, friend and foe alike.

From: Minister of the Treasury Paulson

Subject: REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP

Dear American:

I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude.

I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US. If you would assist me in this transfer, it would be most profitable to you.

I am working with Mr. Phil Gram, lobbyist for UBS, who will be my replacement as Ministry of the Treasury in January. As a Senator, you may know him as the leader of the American banking deregulation movement in the 1990s. This transactin is 100% safe.

This is a matter of great urgency. We need a blank check.

We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are constantly under surveillance. My family lawyer advised me that I should look for a reliable and trustworthy person who will act as a next of kin so the funds can be transferred.

Please reply with all of your bank account, IRA and college fund account numbers and those of your children and grandchildren to wallstreetbailout@treasury.gov so that we may transfer your commission for this transaction. After I receive that information, I will respond with detailed information about safeguards that will be used to protect the funds.

Yours Faithfully
Minister of Treasury Paulson

Liberals cry out for ‘Regulation!’

Posted on September 19, 2008 by Tony Logan

Government regulations Democratic party-tied websites are spouting much the same analysis of the current economic crisis, which is simply that in their point of view, capitalism is great, it just needs ‘regulation.’ Give us a break, People!

The US Capitalist System is greatly regulated and you guys backed a political party that helped regulate it, in league with the other party. Liberal Democratic Party voters seemingly want us to forget that their party has regulated The System for a century PLUS now! And once again, their regulation has produced chaos and uncertainly.

It takes a lot of gall to demand something that your politics have been doing all along, which is that we ‘regulate’ the economy! What is really being demanded now by your Party leadership is more tinkering through the same old regulations, instead of proposing something different. It is your regulation that is every bit as much the cause of where the US economic system is today, as under the regulation of the Republicans. Alan Greenspan was your dog as well as theirs!

The regulatory system was basically to have the companies police themselves, and this was a policy of the Democrats every much as much as it was of the Republicans. A capitalist supporting government will simply turn over all regulation to its own corporate leaders. To propose that a capitalist government do something else is utterly meaningless.

So shout out ‘Regulation’ all you want, and it will not lead to anything than what was already being done, and is being done at this moment. The thieves will regulate themselves unless that power is taken away from them, something that the Democratic Party utterly opposes.

You can lead a horse to water, but can you keep him from pissing in it?

Posted on September 18, 2008 by Eric Verlo

COLORADO COLLEGE, COLO- I just attended an INDY “Sustainability Movement” event at CC’s Shove Chapel featuring Reverand Richard Cizik, orchestrated to unite Evangelicals and Environmentalists along the “non-wedge” issue of eco-stewardship. The two demographics find themselves traditionally polarized, even in the face of an imminent climate cataclysm. A shared concern for health and survival would seem only rational, but isn’t rationality precisely what divides them?

First of all, kudos to the Independent for bringing the issue before a public audience. But shame on Colorado College for preventing any discourse.

To better understand the disparate perspectives, let’s narrow the comparison using a neutral control group. What’s the difference between someone concerned for the environment, and someone not, regardless of spiritual belief? Would the answer have to do with being educated about the issues? Becoming informed is certainly also limited to people who have the curiosity, and the capacity to acknowledge complexity. NASCAR minds, to pick on an example, may lack the dexterity to absorb personal responsibility in the abstract, or the fertile mind to grow in consciousness.

What’s the difference between Evangelicals and non? Adherents who require literal absolutes, as opposed to figurative nuance? There might also be a differential having to do with personal initiative, because by very definition, evangelicals are followers. The news offered tonight by one of their leaders, the Reverand Richard Cizik, is that Evangelicals are on board the sustainability bandwagon, awaiting to be led. If environmentalists would kindly please befriend them.

My take? Whoa Nelly! There was no mention tonight of accusations of nature-worship idolatry, or signs of the Revelations being welcomed by end-timers. Are Evangelicals setting aside those arguments out of self-interest for their own worldly preservation? I’ve no doubt that could be in their character, but I’d like to hear it from their ambassador. Instead, he stressed that environmental wrongs are now being sold to his flock as a moral issue.

On a side note, could this Evangelical outreach be something else altogether, characteristic of the church’s usual call to witness? Specifically, was this minister’s outreach really aimed at us Environmentalists, to recruit non-believers into a dialog about morality, the pretext of which appear to be on our terms?

These might have been my arguments if Colorado College had allowed public discussion. Instead CC Dean Celeste smarmly declared the presentations to have been a “full meal” and entreated the audience to repair to the much smaller Gates Common Room where private questions could be asked of the speakers. Of course he offered the audience the option of awkwardly juggling a microphone in Shove Chapel versus a convivial exchange of camaraderie over snacks. The net effect was to curtail a public discussion.

Which it can be noted has been the direction many Colorado College symposiums have been taking. The school provides a forum for unquestioned indoctrination. And the voices visiting the campus have become progressively regressive.

You might think there’s nothing to argue about “sustainability.” In fact, the tone of all the speeches was feel-good encouragement. Reverand Cizik praised people willing to go against the grain, though there was not a single dissenter in the crowd.

The program featured Cizik’s homey homily and personal witness about his conversion to Sustainability. His act followed a Jim Hightower pep talk about the positive signs that a grassroots revolution is happening around us in spite of our cynicism. Hightower was preceded by announcements from local charities, assembled under the Sustainability banner. Sustainability is the new Green. Address eco-sensibility and you’re a member.

The best news was that Richard Skorman is opening an Environmental Hardware Store which will sell eco-oriented hardware at cost.

Care N Share was represented, promoting a sustainability concept of redistributing bounty, from abundance to need. They boast a state of the art warehouse system at Powers and Constitution, that’s built according to Green standards, but I think that’s it. How sustainable is it to have affluent people purchase canned goods to fill paper bags to deliver to the warehouse, to be distributed to the poor?

Had critical voices been permitted, would those really have been my questions? No, actually. There are far easier concerns to raise about this wunder-ideal “sustainability.” It’s a new mind-set. It’s a quantum leap into an evolved consciousness. It embraces Capitalism in a warm-fuzzy Jesus way. Is that sustainable? No really?

A friend of mine might have brought up the example of Israel’s Kibutzes. Those were environmentally sustainable communes which taught higher ideals to Israeli youth, and international Jewish youth recruited to support Zionism, while in actuality providing cover for illegal Zionist settlements upon conquered lands. The self-important “sustainability” ideal was warped to turn desert land into oasis, at the cost of the water of others. The Kibutz fad is largely over, and in its place we now have unbridled Zionist Fascism, a religious state where non-Jews are second and third class citizens, and what remains of Palestine is kept under permanent occupation. So that was Zionist “sustainability.”

Before that, who did we see posing in the boots of sustainable agriculture? Why, that be the Nazis, promoting Aryan supremacy and glorifying the equilibrium of the German farmer. We found out where sustainable genetics got us. In America the movement was called Eugenics. Bad enough when it was simply Behavioral Sociology hacks. What happens when religion gets in on the act?

Both the Zionists and the Nazis had God on their side. Now the American Evangelicals want to bring morality into the cause. Reverand Cizik explained that the coming Climate Crisis “will separate the winners from the losers.” I kid you not. We’re at a turning point in history, he warned, where mankind can decide who survives and who will not.

What exactly will be Capitalism’s version of sustainability? The sustainable exploitation of underclasses sounds damn Fascist to me. Doubtless those making the pitch in Shove Chapel know it too. No questions allowed.

The party’s over, it’s time to call it a day

Posted on September 15, 2008 by Tony Logan

…All except the really thick headed now know that the US party is over, though certainly there are a lot of thick headed Americans. So thick are they, in fact, that most Americans still believe the party is actually only over for a very short time, and that all will self-correct itself somehow!

In short, the majority of Americans still think that those who see clearly about the world economy, the blind alley militarism of the US, and the world economic crisis are simply Chicken Littles and party-poopers. The American Simpleton Majority wants nothing of any clear thinking ‘pessimism’ like that.

This will be a week of financial 9/11 and the business community of America has no al-qaeda to blame it on. Those who have followed sheep-like this out-for-lunch American business community all the way to this dead end, also have nobody much to blame other than themselves.

However… thugs and fools always will find targets to cast the blame away from themselves. For example, the German people did not blame themselves for their German caused disaster in WWI, but blamed a supposed international Jewish conspiracy and communists for the problems of their own making they found themselves deeply in. They found scapegoats and went at them.

The party is over and the US economy is dragging all down economically with themselves. Those others will not excuse the US people for what they have done, and don’ think for a second that they believe that somehow the common American is not responsible for the actions of the assholes that we allow to lead us. They blame us for not braking these thugs long ago. They blame us for our stupid cheerleading of ourselves, as if we were at some asinine athletic event! Yes, they blame us for our unsportsmanlike like attitudes…. our uncaring brutality, our all encompassing avarice and venality.

The party is over even if most of us only got some scraps thrown our way while it was going on and we really should have little reason to lament. But most of us will.

This will be a bleak Christmas Season and New Years Eve coming up, and a most scary and prolonged Halloween of our own making in the years ahead. You defended the wrong things in our national life, and now there’s a price to pay. Stupid Collective You. You knew better but acted as if you hadn’t a clue. You wanted nothing more that to get ahead yourself but you sunk the boat. Good luck! Good luck, America. You’ll need it because you still don’t want to deal with realities but prefer fantasy instead.

They Call Him “W” So He Can Spell It

Posted on August 16, 2008 by Thomas Mc

Bush brings back nuclear brinkmanship of the Cuban missile crisis. Bush announced that he will be putting missile shield in Poland, Russia responds with threat of nuclear anhilation if Poland allows it. Putin isn’t stupid (like Bush is), he knows the US is bogged down in two senseless wars, and can’t do a damned thing, and NATO will likely collapse rather than follow the idiot W into a nuclear war with Russia.

This is what McCain thinks of Social Security.

John McCain for alzheimer’s patient.

McCain claims he created national “do not call” list, 2 years after it was actually announced by the FTC.

McCain campaign tool CNN suggests Obama is the Antichrist.

Excerpts from Thomas McCullock’s notes Aug 16, thomasmc.com.

South Ossetia a land grab by US Georgia

Posted on August 11, 2008 by NMT

Russian tanks come to protect South Ossetia The US is decrying Russian aggression in South Ossetia, a breakaway province of Georgia, itself a breakaway of the ex-Soviet states. Georgia is a US proxy and a NATO beachhead aimed toward Russia and the Middle East. South Ossetia is a critical part. Here’s analysis from Global Research:

War in the Caucasus: Towards a Broader Russia-US Military Confrontation?
By Michel Chossudovsky, Global Research, August 10, 2008

During the night of August 7, coinciding with the opening ceremony of the Beijing Olympics, Georgia’s president Saakashvili ordered an all-out military attack on Tskhinvali, the capital of South Ossetia.

The aerial bombardments and ground attacks were largely directed against civilian targets including residential areas, hospitals and the university. The provincial capital Tskhinvali was destroyed. The attacks resulted in some 1500 civilian deaths, according to both Russian and Western sources. “The air and artillery bombardment left the provincial capital without water, food, electricity and gas. Horrified civilians crawled out of the basements into the streets as fighting eased, looking for supplies.” (AP, August 9, 2008). According to reports, some 34,000 people from South Ossetia have fled to Russia. (Deseret Morning News, Salt Lake City, August 10, 2008)

The importance and timing of this military operation must be carefully analyzed. It has far-reaching implications.

Georgia is an outpost of US and NATO forces, on the immediate border of the Russian Federation and within proximity of the Middle East Central Asian war theater. South Ossetia is also at the crossroads of strategic oil and gas pipeline routes.

Georgia does not act militarily without the assent of Washington. The Georgian head of State is a US proxy and Georgia is a de facto US protectorate.

Who is behind this military agenda? What interests are being served? What is the purpose of the military operation.

There is evidence that the attacks were carefully coordinated by the US military and NATO.

Moscow has accused NATO of “encouraging Georgia”. Russia’s Foreign Minister Sergey Lavrov underscored the destabilizing impacts of “foreign” military aid to Georgia: .

“It all confirms our numerous warnings addressed to the international community that it is necessary to pay attention to massive arms purchasing by Georgia during several years. Now we see how these arms and Georgian special troops who had been trained by foreign specialists are used,” he said.(Moscow accuses NATO of having “encouraged Georgia” to attack South Ossetia, Russia Today, August 9, 2008)

Moscow’s envoy to NATO, Dmitry Rogozin, sent an official note to the representatives of all NATO member countries:

“Russia has already begun consultations with the ambassadors of the NATO countries and consultations with NATO military representatives will be held tomorrow,” Rogozin said. “We will caution them against continuing to further support of Saakashvili.”

“It is an undisguised aggression accompanied by a mass propaganda war,” he said.

(See Moscow accuses NATO of having “encouraged Georgia” to attack South Ossetia, Russia Today, August 9, 2008)

According to Rogozin, Georgia had initially planned to:

“start military action against Abkhazia, however, ‘the Abkhaz fortified region turned out to be unassailable for Georgian armed formations, therefore a different tactic was chosen aimed against South Ossetia’, which is more accessible territorially. The envoy has no doubts that Mikheil Saakashvili had agreed his actions with “sponsors”, “those with whom he is negotiating Georgia’s accession to NATO “. (RIA Novosti, August 8, 2008)

Contrary to what was conveyed by Western media reports, the attacks were anticipated by Moscow. The attacks were timed to coincide with the opening of the Olympics, largely with a view to avoiding frontpage media coverage of the Georgian military operation.

On August 7, Russian forces were in an advanced state readiness. The counterattack was swiftly carried out.

Russian paratroopers were sent in from Russia’s Ivanovo, Moscow and Pskov airborne divisions. Tanks, armored vehicles and several thousand ground troops have been deployed. Russian air strikes have largely targeted military facilities inside Georgia including the Gori military base.

The Georgian military attack was repealed with a massive show of strength on the part of the Russian military.
Act of Provocation?

US-NATO military and intelligence planners invariably examine various “scenarios” of a proposed military operation– i.e. in this case, a limited Georgian attack largely directed against civilian targets, with a view to inflicting civilian casualties.

The examination of scenarios is a routine practice. With limited military capabilities, a Georgian victory and occupation of Tskhinvali, was an impossibility from the outset. And this was known and understood to US-NATO military planners.

A humanitarian disaster rather than a military victory was an integral part of the scenario. The objective was to destroy the provincial capital, while also inflicting a significant loss of human life.

If the objective were to restore Georgian political control over the provincial government, the operation would have been undertaken in a very different fashion, with Special Forces occupying key public buildings, communications networks and provincial institutions, rather than waging an all out bombing raid on residential areas, hospitals, not to mention Tskhinvali’s University.

The Russian response was entirely predictable.

Georgia was “encouraged” by NATO and the US. Both Washington and NATO headquarters in Brussels were acutely aware of what would happen in the case of a Russian counterattack.

The question is: was this a deliberate provocation intended to trigger a Russian military response and suck the Russians into a broader military confrontation with Georgia (and allied forces) which could potentially escalate into an all out war?

Georgia has the third largest contingent of coalition forces in Iraq after the US and the UK, with some 2000 troops. According to reports, Georgian troops in Iraq are now being repatriated in US military planes, to fight Russian forces. (See Debka.com, August 10, 2008)

This US decision to repatriate Georgian servicemen suggests that Washington is intent upon an escalation of the conflict, where Georgian troops are to be used as canon fodder against a massive deployment of Russian forces.

US-NATO and Israel Involved in the Planning of the Attacks

In mid-July, Georgian and U.S. troops held a joint military exercise entitled “Immediate Response” involving respectively 1,200 US and 800 Georgian troops.

The announcement by the Georgian Ministry of Defense on July 12 stated that they US and Georgian troops were to “train for three weeks at the Vaziani military base” near the Georgian capital, Tbilisi. (AP, July 15, 2008). These exercises, which were completed barely a week before the August 7 attacks, were an obvious dress rehearsal of a military operation, which, in all likelihood, had been planned in close cooperation with the Pentagon.

The war on Southern Ossetia was not meant to be won, leading to the restoration of Georgian sovereignty over South Ossetia. It was intended to destabilize the region while also triggering a US-NATO confrontation with Russia.

On July 12, coinciding with the outset of the Georgia-US war games, the Russian Defense Ministry started its own military maneuvers in the North Caucasus region. The usual disclaimer by both Tblisi and Moscow: the military exercises have “nothing to do” with the situation in South Ossetia. (Ibid)

Let us be under no illusions. This is not a civil war. The attacks are an integral part of the broader Middle East Central Asian war, including US-NATO-Israeli war preparations in relation to Iran.

The Role of Israeli Military Advisers

While NATO and US military advisers did not partake in the military operation per se, they were actively involved in the planning and logistics of the attacks. According to Israeli sources (Debka.com, August 8, 2008), the ground assault on August 7-8, using tanks and artillery was “aided by Israeli military advisers”. Israel also supplied Georgia with Hermes-450 and Skylark unmanned aerial vehicles, which were used in the weeks leading up to the August 7 attacks.

Georgia has also acquired, according to a report in Rezonansi (August 6, in Georgian, BBC translation) “some powerful weapons through the upgrade of Su-25 planes and artillery systems in Israel”. According to Haaretz (August 10, 2008), Israelis are active in military manufacturing and security consulting in Georgia.

Russian forces are now directly fighting a NATO-US trained Georgian army integrated by US and Israeli advisers. And Russian warplanes have attacked the military jet factory on the outskirts of Tbilisi, which produces the upgraded Su-25 fighter jet, with technical support from Israel. (CTV.ca, August 10, 2008)

When viewed in the broader context of the Middle East war, the crisis in Southern Ossetia could lead to escalation, including a direct confrontation between Russian and NATO forces. If this were to occur, we would be facing the most serious crisis in US-Russian relations since the Cuban Missile crisis in October 1962.

Georgia: NATO-US Outpost

Georgia is part of a NATO military alliance (GUAM) signed in April 1999 at the very outset of the war on Yugoslavia. It also has a bilateral military cooperation agreement with the US. These underlying military agreements have served to protect Anglo-American oil interests in the Caspian sea basin as well as pipeline routes.

Both the US and NATO have a military presence in Georgia and are working closely with the Georgian Armed Forces. Since the signing of the 1999 GUAM agreement, Georgia has been the recipient of extensive US military aid.

Barely a few months ago, in early May, the Russian Ministry of Defense accused Washington, “claiming that [US as well as NATO and Israeli] military assistance to Georgia is destabilizing the region.” (Russia Claims Georgia in Arms Buildup, Wired News, May 19, 2008). According to the Russian Defense Ministry

“Georgia has received 206 tanks, of which 175 units were supplied by NATO states, 186 armored vehicles (126 – from NATO) , 79 guns (67 – from NATO) , 25 helicopters (12 – from NATO) , 70 mortars, ten surface-to-air missile systems, eight Israeli-made unmanned aircraft, and other weapons. In addition, NATO countries have supplied four combat aircraft to Georgia. The Russian Defense Ministry said there were plans to deliver to Georgia 145 armored vehicles, 262 guns and mortars, 14 combat aircraft including four Mirazh-2000 destroyers, 25 combat helicopters, 15 American Black Hawk aircraft, six surface-to-air missile systems and other arms.” (Interfax News Agency, Moscow, in Russian, Aug 7, 2008)

NATO-US-Israeli assistance under formal military cooperation agreements involves a steady flow of advanced military equipment as well as training and consulting services.

According to US military sources (spokesman for US European Command), the US has more than 100 “military trainers” in Georgia. A Pentagon spokesman Bryan Whitman “said there were no plans to redeploy the estimated 130 US troops and civilian contractors, who he said were stationed in the area around Tblisi” (AFP, 9 August 2008). In fact, US-NATO military presence in Georgia is on a larger scale to that acknowledged in official statements. The number of NATO personnel in Georgia acting as trainers and military advisers has not been confirmed.

Although not officially a member of NATO, Georgia’s military is full integrated into NATO procedures. In 2005, Georgian president proudly announced the inauguration of the first military base, which “fully meets NATO standards”. Immediately following the inauguration of the Senakskaya base in west Georgia, Tblisi announced the opening of a second military base at Gori which would also “comply with NATO regulations in terms of military requirements as well as social conditions.” (Ria Novosti, 26 May 2006).

The Gori base has been used to train Georgian troops dispatched to fight under US command in the Iraq war theater.

It is worth noting that under a March 31, 2006, agreement between Tblisi and Moscow, Russia’s two Soviet-era military bases in Georgia – Akhalkalaki and Batumi have been closed down. (Ibid) The pullout at Batumi commenced in May of last year, 2007. The last remaining Russian troops left the Batumi military facility in early July 2008, barely a week before the commencement of the US-Georgia war games and barely a month prior to the attacks on South Ossetia.

The Israel Connection

Israel is now part of the Anglo-American military axis, which serves the interests of the Western oil giants in the Middle East and Central Asia.

Israel is a partner in the Baku-Tblisi- Ceyhan pipeline which brings oil and gas to the Eastern Mediterranean. More than 20 percent of Israeli oil is imported from Azerbaijan, of which a large share transits through the BTC pipeline. Controlled by British Petroleum, the BTC pipeline has dramatically changed the geopolitics of the Eastern Mediterranean and the Caucusus:

“[The BTC pipeline] considerably changes the status of the region’s countries and cements a new pro-West alliance. Having taken the pipeline to the Mediterranean, Washington has practically set up a new bloc with Azerbaijan, Georgia, Turkey and Israel, ” (Komerzant, Moscow, 14 July 2006)

While the official reports state that the BTC pipeline will “channel oil to Western markets”, what is rarely acknowledged is that part of the oil from the Caspian sea would be directly channeled towards Israel, via Georgia. In this regard, a Israeli-Turkish pipeline project has also been envisaged which would link Ceyhan to the Israeli port of Ashkelon and from there through Israel’s main pipeline system, to the Red Sea.

The objective of Israel is not only to acquire Caspian sea oil for its own consumption needs but also to play a key role in re-exporting Caspian sea oil back to the Asian markets through the Red Sea port of Eilat. The strategic implications of this re-routing of Caspian sea oil are far-reaching. (For further details see Michel Chossudovsky, The War on Lebanon and the Battle for Oil, Global Research, July 2006)

What is envisaged is to link the BTC pipeline to the Trans-Israel Eilat-Ashkelon pipeline, also known as Israel’s Tipline, from Ceyhan to the Israeli port of Ashkelon.

“Turkey and Israel are negotiating the construction of a multi-million-dollar energy and water project that will transport water, electricity, natural gas and oil by pipelines to Israel, with the oil to be sent onward from Israel to the Far East,

The new Turkish-Israeli proposal under discussion would see the transfer of water, electricity, natural gas and oil to Israel via four underwater pipelines.

http://www.jpost.com/servlet/Satellite?cid=1145961328841&pagename=JPost%2FJPArticle%2FShowFull“Baku oil can be transported to Ashkelon via this new pipeline and to India and the Far East.[via the Red sea]”

“Ceyhan and the Mediterranean port of Ashkelon are situated only 400 km apart. Oil can be transported to the city in tankers or via specially constructed under-water pipeline. From Ashkelon the oil can be pumped through already existing pipeline to the port of Eilat at the Red Sea; and from there it can be transported to India and other Asian countries in tankers. (REGNUM)

In this regard, Israel is slated to play a major strategic role in “protecting” the Eastern Mediterranean transport and pipeline corridors out of Ceyhan. Concurrently, it also involved in channeling military aid and training to both Georgia and Azerbaijan.

A far-reaching 1999 bilateral military cooperation agreement between Tblisi and Tel Aviv was reached barely a month before the NATO sponsored GUUAM agreement. It was signed in Tbilisi by President Shevardnadze and Israel’s Prime Minister Binyamin Netanyu. These various military cooperation arrangements are ultimately intended to undermine Russia’s presence and influence in the Caucasus and Central Asia.

In a pro forma declaration, Tel Aviv committed itself, following bilateral discussions with Moscow, on August 5, 2008, to cut back military assistance to Georgia.

Russia’s Response

In response to the attacks, Russian forces intervened with conventional ground troops. Tanks and armored vehicles were sent in. The Russian air force was also involved in aerial counter-attacks on Georgian military positions including the military base of Gori.

The Western media has portrayed the Russian as solely responsible for the deaths of civilians, yet at the same time the Western media has acknowledged (confirmed by the BBC) that most of the civilian casualties at the outset were the result of the Georgian ground and air attacks.

Based on Russian and Western sources, the initial death toll in South Ossetia was at least 1,400 (BBC) mostly civilians. “Georgian casualty figures ranged from 82 dead, including 37 civilians, to a figure of around 130 dead…. A Russian air strike on Gori, a Georgian town near South Ossetia, left 60 people dead, many of them civilians, Georgia says.” (BBC, August 9, 2008). Russian sources place the number of civilian deaths on South Ossetia at 2000.

A process of escalation and confrontation between Russia and America is unfolding, reminiscent of the Cold War era.

Are we dealing with an act of provocation, with a view to triggering a broader conflict? Supported by media propaganda, the Western military alliance is intent on using this incident to confront Russia, as evidenced by recent NATO statements.

Barack Obama Unleash the Power Within

Posted on August 9, 2008 by Eric Verlo

Unleash The Power Within, Reclaiming Your True Identity, Leadership In Times of Crisis, Mastering Influence, Get The Edge, The Time of Your Life, Living Health, Live with Passion, Strategies for Creating a Compelling Future, Lessons in Mastery, The Power to Change Your Life Now

I’m Asking You to Believe, Not just in my ability to bring real change … I’m asking you to believe in yours.

American liberal intellectualism in crisis

Posted on August 6, 2008 by Tony Logan

American liberal intellectualism is in a state of crisis today. The intellectuals that guide liberalism keep shouting to the Democratic Party to stop collaborating with the Republican Party and to be a true opposition as today’s liberals have thought they always were.

The post World War II outlook of American liberal intellectuals is beginning to crumble and Barack Obama marks the line for a new transformation in American liberal politics. Obama simply is not going to do as the liberal intellectuals demand he act. Liberals can scream and wail and shout and it will all be for naught. The Democrats and Republicans are merely two branches of the same entity, which is that of being the American Corporate Party. And Barack Obama and thee Democratic Party leadership will continue to act as Republican collaborationists.

Barack Obama comes to the forefront precisely at the beginning of the great breakup in the appearance of American Empire. For the last six decades, the American Empire has posed itself as a benign world enforcer, a cop for the public good. Today, that image is all in shreds, and Barack will not be able to put it back together again. Certainly not with his plans to attack Iran, continue to oppress Afghanistan with a USA occupation, and continue to lie and fudge about US occupation and genocide in Iraq. And not with the coming global capitalist economic meltdown.

Yes, American liberalism is in crisis and it bears to take a look at how it has reacted to such crisis in the past.

‘…the record is plain that from the twenties to the forties the majority of anti-capitalist intellectuals passed through three phases which were marked out by the mighty national and world events of the time. From the stock market crash to Hitler’s victory and Roosevelt’s, assumption of office they were torn loose from their previous moorings and swung sharply to the left. From 1933 to the Spanish civil war and the Moscow trials they deepened their commitments and produced the initial differentiations. From 1937 through the crushing of the Spanish revolution, the Stalin-Hitler pact and the Second World War they began the flight from radicalism which was consummated in the wholesale recanting characteristic of the cold war.’

The author, George Novack, is talking about how American liberal intellectuals of his time went from being much like they are today, to becoming radicalized and anti-capitalist, and then beaten back and conservatized once again. The entire history as told by him can be read at Radical Intellectuals in the 1930s

What we get over a period of time, is that America’s liberal leaning intellectuals most resemble a giant bowl of Jello not quite congealed in the refrigerator. They are not the most steadfast citizens amongst the general population. They like to go with the flow more than anything else, so they will be torn asunder when the times change once again.

Look for many of the liberal intellectuals to walk around in circles acting stunned in the next coming years. They just don’t have too many intellectual (or societal) resources to do much anything of else. Despite being the foremost world authorities on everything, they don’t have the real power in their hands, and as such, like servants everywhere, most will do as the Patron dictates while griping about it in the shadows.

We are just wiping out primates

Posted on August 5, 2008 by Tony Logan

One of the most disturbing things about lifestyle vegetarians and the group PETA is that they consistently distract people from paying attention to the real dangers to animals on this planet. They want to fight about whether one should have a hamburger or not and often engage in tactics that are just plain stupid.

They consistently seem to have a fetish about ‘liberating’ animals from cages, for just one example. It puts them in the news but not in a great way when they go about ‘freeing’ other people’s animals. I don’t like animal abuse by science either, but that is not the main threat facing animal life on this planet.

And just several weeks ago, local animal rights people were out in front of the KFC on Nevada doing their parade as big chickens! Really now, I just don’t think they are going to move people on the plight of chickens in this cruel hard world we live in. Will they show up at Petco and Petsmart some time soon to protest the mistreatment of fish there? Oh the horrors of selling feeder fish!

Meanwhile, there hardly is any animal rights movement at all to stop the animalcide of multiple species around the planet. The movement to protect natural areas where these animal species reside is quite separate from the PETA gang’s general activities. It is the Environmental Movement that does this work and not the animal rights gang.

The simple fact of the matter, is that if people are treated right on this planet, then so will animals as a whole. It doesn’t really do to single out the treatment of animals as the big issue above all else, it just makes one look rather silly. However that is not the case in regards to animalcide. When animal and plant biodiversity is destroyed, then all plants, animals, humans, are threatened at one and the same time.

At the top of our list of issues involving animals has to be the fact that Primates ‘face extinction crisis’. We are definitely talking about dangers to ourselves here and animal rights activists would do themselves and animals a favor by concentrating on this sort of major issue, rather than the chickens at KFC or the primates in cages over at the University’s labs. They would do us all right by doing that, and by stopping being media hounds through silly and poorly thought out activism.

Unconventional Denver DNC schedule

Posted on July 30, 2008 by NMT

DNC Disruption 08 From Disruption’08:
Denver is currently overflowing with plans from an extremely diverse array of groups for different types of demonstrations, music festivals, street parties and actions that will occur during the entire week of the convention. The many events are roughly broken down into theme days (see below). Anarchists and anticapitalists are working on many aspects of this mobilization but have a general focus of expanding acts of resistance outside permitted areas, radicalizing the debate around the Democrats, and ensuring that during the convention there will be no business as usual in Denver!

Schedule of actions:

SUNDAY the 24th
-10:30am, Civic Center Park: Massive march against militarization and occupations called for by Recreate 68. This will be a family-friendly, low-risk event.
-Midday: Funk the War! Following the march, a large, low-risk street party called for by the Alliance for Real Democracy will fill downtown with music and festivities against the war
-Late Afternoon: As the convention-goers check into hotels and attend their pre-convention party, our own raging party in resistance to the militarized occupation of Denver and the world will reclaim public space and spread the festivities onto the streets. Be ready to take the rowdy celebration to the doorsteps of delegate hotels etc.

MONDAY the 25th
-10:30am, Civic Center Park: March against the prison industrial complex and for freedom for all political prisoners.
-Evening: Meet at the Civic Center at 6pm to join the anticapitalist march (see below) or participate in organized and decentralized actions that will actively disrupt the capitalist corruption and cronyism of the two party system by targeting specific fundraisers, delegate parties and corporations backing the DNC. come ready for quick decentralized actions spanning the downtown area at a variety of risk levels.

TUESDAY the 26th
-Afternoon: Confront the Spectacle- We vote no! As delegates are arriving at the Pepsi Center, snake marches will converge on the entrances through the fence of the no-protest zone in order to create spaces for different levels of delegate movement disruption. Flying squads will assist the disruption and create distractions as we bring their party to a halt.

WEDNESDAY the 27th
-All day: Actions and alternatives- Real solutions to the climate crisis! A day of direct action against ecological destruction. We will create solutions to global warming without the politicians by shutting down sources of greenhouse gas emissions and corporations who destroy the earth (and fund the Democrats). we will also engage in creative resistance outlining solutions and alternatives; bike bloc! car free zones! guerrilla gardening!

THURSDAY the 28th
-10:30am, Rude Park: No Borders March! No one is illegal! Join this national mobilization for immigrants rights and help us draw connections between the struggles of immigrant communities and the struggle against global capitalism. This will be a low-risk event safe for all people regardless of immigration status. so play nice.
-Evening: A special Denver anarchist variety show party, put on by none other then Denver’s Louis Vitton.

ALSO:
A precarious workers council of UA has called for an anti-capitalist force to manifest at the DNC as a black bloc on the evening of Monday the 25th. This will meet at Civic Center Park at 6:00pm and will coincide with Unconventional Denver’s call for organized and decentralized no-business-as-usual actions during the same evening. More details TBA.

*this is by no means a complete list of all actions planned by the many groups involved in the Denver mobilization. Check dncdisruption08.org, recreate68.org, realdemocracy2008.org, and weareamericadnc.org for other events and actions.

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Not My Tribe

The Myth of Middle Ground

Tag Archives: Crisis

The Law of the Jungle

The crash continues as American people go into shock

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

Senators give Paulson keys to treasury

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

Stop the Senate of would-be thieves!

Not Sons of Bitches, Dems are bitches

The specter of world wide depression raises its head

Seven hundred times N,OOO,OOO,OOO!

Liberty! Equality! Fraternity!

The Wall Street crisis was an inside job

No blank-check bailout for Wall Street

Hand over the treasure, or we’ll burn the ship down! Arrrrrr!

Wall Street fleecing goes into hyperdrive

The Economic Meltdown Was Staged As an Act of Class War

a nice email fundraiser to help out those poor Wall Street LOSERS!!

Liberals cry out for ‘Regulation!’

You can lead a horse to water, but can you keep him from pissing in it?

The party’s over, it’s time to call it a day

South Ossetia a land grab by US Georgia

Barack Obama Unleash the Power Within

American liberal intellectualism in crisis

We are just wiping out primates

Unconventional Denver DNC schedule