He did it! Mitt Romney picked someone more low brow than Sarah Palin, and not just figuratively. Kleptocrat Representative Paul Ryan personifies the very definition of the idiom, Low Brow, coincidentally a eugenic measure of a diminutive frontal lobe, not unrelated to pea-brained under-evolvedness. Such a Frankenstinian VP pick for the GOP ticket, means our election stage managers are pulling out all stops to scare Democrats into the voting booths. That they keep having to make the Republican bogeyman ever bogeyer, could mean they anticipate enthusiasm for President Obama to reach new lows. What unspeakably unpopular move is coming from Goldman Sachs’ man in DC, dare we ask, that we’ll need Paul Ryan playing Goober Pyle Lugosi to frighten Americans back into Obama’s arms?
Tag Archives: Goldman Sachs
If Obama is a Trojan Horse, we better brush up on Virgil and the Sack of Troy
Yeah, the Right has abused this cliché: President Obama is a Trojan Horse for health care, for Socialism, yada yada, ad nauseum. Finally the Left is coming round to see Obama as no less a Trojan Horse. But for who? The same old oligarchs.
We thought the barbaric Right had flown off in Dubya’s sheepish helicopter ride outa Dodge. Now it turns out the Hopemeister was a ruse to avoid a change of the guard. If we can wrap our heads around the first black president being not just Supreme Misleader in Chief, but wooden horse for Goldman Sachs and General Electric among the horsemen, we really ought to freshen our historical sense of what happens when a city falls to a siege. Take no solace that the literary allusion in modern times has come to reference computer malware, the outcome still means take no prisoners.
Van Jones is Obama in Greenface, what our president did for race, Jones wants for the environment, New Jack Shit
Guess Who’s Coming to Dinner? He’s Black AND he’s Green, and like his former boss Obama, he’s a neo-eco corporatist pushing… Cap-N-Trade! In Al Gore Nobel Prize circles, Van Jones is the environmental darling who was too hot –we’re to infer principled– for Obama’s centrist administration. In post-Hope America, Jones turns out to have been the spoonful of Aspartame that helped environmentalists swallow just the next neoliberal pill, another pitchman for the bankers whose “Green Collar” remedy for our climate -and economic woes- is to trust in big business –let free trade and deregulated profits deliver mankind! No surprise then Colorado College is foisting the so-called upstart to dazzle the impressionable on Thursday March 3rd at Shove Chapel, 7:30pm. And the asshole (his word, not mine) compounds his offense by presuming to greenwash the few terms American workers have to grasp the real issue, class struggle. The blue and white collars differentiate who works and who keeps the profit, and by the way, who’s made the decisions that led the machine to environmental collapse and who pays the price. Green Collar doesn’t describe a shirt, it’s a leash. Oh but JP Morgan, Goldman Sachs, and the IMF don’t want to take you out for walkies. Their collar is a yoke of servitude, painted color of the day.
Obama wants his Katrina kept on QT
President Obama rationalizes not prosecuting his Bush predecessors because he wants to look forward not back. Who knew that he meant “back” to the future as well? The Obama administration has get-out-of-jail-free cards for Goldman Sachs et al, and they’re already fouling the evidence that could be used against BP. It serves BP’s interest to pretend their Gulf spill is spewing only five thousand barrels a day. Now even the government is pretending everyone is too busy with the cleanup to measure exactly. It can’t be for want of a lesser-decimal soundbite, experts have the blowout pinned at a similar-syllable’d four million gallons per day.
The government and BP’s incuriosity ignores current estimates that the flow of crude oil escaping the well is between 76,000 and 104,000 barrels, 95,000 being the mean which yields a figure of 1/3 of the Exxon Valdez disaster PER DAY.
Of course as the spill grows to round Florida and reach Cuba and the Atlantic coast, the White House is prepared to forecast that the flow has gotten worse. So far chemical dispersants are diluting the muck that is the public’s only measure of the catastrophe.
The Miami Herald quotes Houston engineer and blogger Bob Cavnar who suggests that industry approximations which the media has been parroting are simply bullshit:
“I’m sitting here looking at it right now, and it ain’t 5,000 barrels a day, I’ll guarantee it … In Houston, there’s about 125,000, 150,000 engineers. And all the engineers can calculate what the flow is.”
William Blum – Anti-Empire Report
Here’s William Blum’s latest essay, on Lincoln Gordon, Brazil, Cuba, and the 2009 Nobel Laureate, reprinted from www.killinghope.org.
THE ANTI-EMPIRE REPORT
By William Blum, January 6, 2009The American elite
Lincoln Gordon died a few weeks ago at the age of 96. He had graduated summa cum laude from Harvard at the age of 19, received a doctorate from Oxford as a Rhodes Scholar, published his first book at 22, with dozens more to follow on government, economics, and foreign policy in Europe and Latin America. He joined the Harvard faculty at 23. Dr. Gordon was an executive on the War Production Board during World War II, a top administrator of Marshall Plan programs in postwar Europe, ambassador to Brazil, held other high positions at the State Department and the White House, a fellow at the Woodrow Wilson International Center for Scholars, economist at the Brookings Institution, president of Johns Hopkins University. President Lyndon B. Johnson praised Gordon’s diplomatic service as "a rare combination of experience, idealism and practical judgment".
You get the picture? Boy wonder, intellectual shining light, distinguished leader of men, outstanding American patriot.
Abraham Lincoln Gordon was also Washington’s on-site, and very active, director in Brazil of the military coup in 1964 which overthrew the moderately leftist government of João Goulart and condemned the people of Brazil to more than 20 years of an unspeakably brutal dictatorship. Human-rights campaigners have long maintained that Brazil’s military regime originated the idea of the desaparecidos, "the disappeared", and exported torture methods across Latin America. In 2007, the Brazilian government published a 500-page book, "The Right to Memory and the Truth", which outlines the systematic torture, rape and disappearance of nearly 500 left-wing activists, and includes photos of corpses and torture victims. Currently, Brazilian President Luiz Inácio Lula da Silva is proposing a commission to investigate allegations of torture by the military during the 1964-1985 dictatorship. (When will the United States create a commission to investigate its own torture?)
In a cable to Washington after the coup, Gordon stated — in a remark that might have had difficulty getting past the lips of even John Foster Dulles — that without the coup there could have been a "total loss to the West of all South American Republics". (It was actually the beginning of a series of fascistic anti-communist coups that trapped the southern half of South America in a decades-long nightmare, culminating in "Operation Condor", in which the various dictatorships, aided by the CIA, cooperated in hunting down and killing leftists.)
Gordon later testified at a congressional hearing and while denying completely any connection to the coup in Brazil he stated that the coup was "the single most decisive victory of freedom in the mid-twentieth century."
Listen to a phone conversation between President Johnson and Thomas Mann, Assistant Secretary of State for Inter-American Affairs, April 3, 1964, two days after the coup:
MANN: I hope you’re as happy about Brazil as I am.
LBJ: I am.
MANN: I think that’s the most important thing that’s happened in the hemisphere in three years.
LBJ: I hope they give us some credit instead of hell.1
So the next time you’re faced with a boy wonder from Harvard, try to keep your adulation in check no matter what office the man attains, even — oh, just choosing a position at random — the presidency of the United States. Keep your eyes focused not on these "liberal" … "best and brightest" who come and go, but on US foreign policy which remains the same decade after decade. There are dozens of Brazils and Lincoln Gordons in America’s past. In its present. In its future. They’re the diplomatic equivalent of the guys who ran Enron, AIG and Goldman Sachs.
Of course, not all of our foreign policy officials are like that. Some are worse.
And remember the words of convicted spy Alger Hiss: Prison was "a good corrective to three years at Harvard."
Mothers, don’t let your children grow up to be Nobel Peace Prize winners
In November I wrote:
Question: How many countries do you have to be at war with to be disqualified from receiving the Nobel Peace Prize?
Answer: Five. Barack Obama has waged war against only Pakistan, Afghanistan, Iraq and Somalia. He’s holding off on Iran until he actually gets the prize.
Well, on December 10 the president clutched the prize in his blood-stained hands. But then the Nobel Laureate surprised us. On December 17 the United States fired cruise missiles at people in … not Iran, but Yemen, all "terrorists" of course, who were, needless to say, planning "an imminent attack against a U.S. asset".2 A week later the United States carried out another attack against "senior al-Qaeda operatives" in Yemen.3
Reports are that the Nobel Peace Prize Committee in Norway is now in conference to determine whether to raise the maximum number of wars allowed to ten. Given the committee’s ignoble history, I imagine that Obama is taking part in the discussion. As is Henry Kissinger.
The targets of these attacks in Yemen reportedly include fighters coming from Afghanistan and Iraq, confirmation of the warnings long given — even by the CIA and the Pentagon — that those US interventions were creating new anti-American terrorists. (That’s anti-American foreign policy, not necessarily anything else American.) How long before the United States will be waging war in some other god-forsaken land against anti-American terrorists whose numbers include fighters from Yemen? Or Pakistan? Or Somalia? Or Palestine?
Our blessed country is currently involved in so many bloody imperial adventures around the world that one needs a scorecard to keep up. Rick Rozoff of StopNATO has provided this for us in some detail.4
For this entire century, almost all these anti-American terrorists have been typically referred to as "al-Qaeda", as if you have to be a member of something called al-Qaeda to resent bombs falling on your house or wedding party; as if there’s a precise and meaningful distinction between people retaliating against American terrorism while being a member of al-Qaeda and people retaliating against American terrorism while NOT being a member of al-Qaeda. However, there is not necessarily even such an animal as a "member of al-Qaeda", albeit there now exists "al-Qaeda in Iraq" and "al-Qaeda in the Arabian Peninsula". Anti-American terrorists do know how to choose a name that attracts attention in the world media, that appears formidable, that scares Americans. Governments have learned to label their insurgents "al-Qaeda" to start the military aid flowing from Washington, just like they yelled "communist" during the Cold War. And from the perspective of those conducting the War on Terror, the bigger and more threatening the enemy, the better — more funding, greater prestige, enhanced career advancement. Just like with the creation of something called The International Communist Conspiracy.
It’s not just the American bombings, invasions and occupations that spur the terrorists on, but the American torture. Here’s Bowe Robert Bergdahl, US soldier captured in Afghanistan, speaking on a video made by his Taliban captors: He said he had been well-treated, contrasting his fate to that of prisoners held in US military prisons, such as the infamous Abu Ghraib prison in Iraq. "I bear witness I was continuously treated as a human being, with dignity, and I had nobody deprive me of my clothes and take pictures of me naked. I had no dogs barking at me or biting me as my country has done to their Muslim prisoners in the jails that I have mentioned."5
Of course the Taliban provided the script, but what was the script based on? What inspired them to use such words and images, to make such references?
Cuba. Again. Still. Forever.
More than 50 years now it is. The propaganda and hypocrisy of the American mainstream media seems endless and unwavering. They can not accept the fact that Cuban leaders are humane or rational. Here’s the Washington Post of December 13 writing about an American arrested in Cuba:
"The Cuban government has arrested an American citizen working on contract for the U.S. Agency for International Development who was distributing cellphones and laptop computers to Cuban activists. … Under Cuban law … a Cuban citizen or a foreign visitor can be arrested for nearly anything under the claim of ‘dangerousness’."
That sounds just awful, doesn’t it? Imagine being subject to arrest for whatever someone may choose to label "dangerousness". But the exact same thing has happened repeatedly in the United States since the Bolshevik Revolution of 1917. We don’t use the word "dangerousness". We speak of "national security". Or, more recently, "terrorism". Or "providing material support to terrorism".
The arrested American works for Development Alternatives, Inc. (DAI), a US government contractor that provides services to the State Department, the Pentagon and the US Agency for International Development (USAID). In 2008, DAI was funded by the US Congress to "promote transition to democracy" in Cuba. Yes, Oh Happy Day!, we’re bringing democracy to Cuba just as we’re bringing it to Afghanistan and Iraq. In 2002, DAI was contracted by USAID to work in Venezuela and proceeded to fund the same groups that a few months earlier had worked to stage a coup — temporarily successful — against President Hugo Chávez. DAI performed other subversive work in Venezuela and has also been active in Afghanistan, Pakistan, and other hotspots. "Subversive" is what Washington would label an organization like DAI if they behaved in the same way in the United States in behalf of a foreign government.6
The American mainstream media never makes its readers aware of the following (so I do so repeatedly): The United States is to the Cuban government like al-Qaeda is to the government in Washington, only much more powerful and much closer. Since the Cuban revolution, the United States and anti-Castro Cuban exiles in the US have inflicted upon Cuba greater damage and greater loss of life than what happened in New York and Washington on September 11, 2001. Cuban dissidents typically have had very close, indeed intimate, political and financial connections to American government agents. Would the US government ignore a group of Americans receiving funds or communication equipment from al-Qaeda and/or engaging in repeated meetings with known leaders of that organization? In the past few years, the American government has arrested a great many people in the US and abroad solely on the basis of alleged ties to al-Qaeda, with a lot less evidence to go by than Cuba has had with its dissidents’ ties to the United States, evidence usually gathered by Cuban double agents. Virtually all of Cuba’s "political prisoners" are such dissidents.
The Washington Post story continued:
"The Cuban government granted ordinary citizens the right to buy cellphones just last year." Period.
What does one make of such a statement without further information? How could the Cuban government have been so insensitive to people’s needs for so many years? Well, that must be just the way a "totalitarian" state behaves. But the fact is that because of the disintegration of the Soviet bloc, with a major loss to Cuba of its foreign trade, combined with the relentless US economic aggression, the Caribbean island was hit by a great energy shortage beginning in the 1990s, which caused repeated blackouts. Cuban authorities had no choice but to limit the sale of energy-hogging electrical devices such as cell phones; but once the country returned to energy sufficiency the restrictions were revoked.
"Cubans who want to log on [to the Internet] often have to give their names to the government."
What does that mean? Americans, thank God, can log onto the Internet without giving their names to the government. Their Internet Service Provider does it for them, furnishing their names to the government, along with their emails, when requested.
"Access to some Web sites is restricted."
Which ones? Why? More importantly, what information might a Cuban discover on the Internet that the government would not want him to know about? I can’t imagine. Cubans are in constant touch with relatives in the US, by mail and in person. They get US television programs from Miami. International conferences on all manner of political, economic and social subjects are held regularly in Cuba. What does the American media think is the great secret being kept from the Cuban people by the nasty commie government?
"Cuba has a nascent blogging community, led by the popular commentator Yoani Sánchez, who often writes about how she and her husband are followed and harassed by government agents because of her Web posts. Sánchez has repeatedly applied for permission to leave the country to accept journalism awards, so far unsuccessfully."
According to a well-documented account7, Sánchez’s tale of government abuse appears rather exaggerated. Moreover, she moved to Switzerland in 2002, lived there for two years, and then voluntarily returned to Cuba. On the other hand, in January 2006 I was invited to attend a book fair in Cuba, where one of my books, newly translated into Spanish, was being presented. However, the government of the United States would not give me permission to go. My application to travel to Cuba had also been rejected in 1998 by the Clinton administration.
"’Counterrevolutionary activities’, which include mild protests and critical writings, carry the risk of censure or arrest. Anti-government graffiti and speech are considered serious crimes."
Raise your hand if you or someone you know of was ever arrested in the United States for taking part in a protest. And substitute "pro al-Qaeda" for "counterrevolutionary" and for "anti-government" and think of the thousands imprisoned the past eight years by the United States all over the world for … for what? In most cases there’s no clear answer. Or the answer is clear: (a) being in the wrong place at the wrong time, or (b) being turned in to collect a bounty offered by the United States, or (c) thought crimes. And whatever the reason for the imprisonment, they were likely tortured. Even the most fanatical anti-Castroites don’t accuse Cuba of that. In the period of the Cuban revolution, since 1959, Cuba has had one of the very best records on human rights in the hemisphere. See my essay: "The United States, Cuba and this thing called Democracy".8
There’s no case of anyone arrested in Cuba that compares in injustice and cruelty to the arrest in 1998 by the United States government of those who came to be known as the "Cuban Five", sentenced in Florida to exceedingly long prison terms for trying to stem terrorist acts against Cuba emanating from the US.9 It would be lovely if the Cuban government could trade their DAI prisoner for the five. Cuba, on several occasions, has proposed to Washington the exchange of a number of what the US regards as "political prisoners" in Cuba for the five Cubans held in the United States. So far the United States has not agreed to do so.
Notes
- Michael Beschloss, Taking Charge: The Johnson White House Tapes 1963-1964 (New York, 1997), p.306. All other sources for this section on Gordon can be found in: Washington Post, December 22, 2009, obituary; The Guardian (London), August 31, 2007; William Blum, "Killing Hope", chapter 27 ↩
- ABC News, December 17, 2009; Washington Post, December 19, 2009 ↩
- Washington Post, December 25, 2009 ↩
- Stop NATO, "2010: U.S. To Wage War Throughout The World", December 30, 2009. To get on the StopNATO mailing list write to r_rozoff@yahoo.com. To see back issues: http://groups.yahoo.com/group/stopnato/↩
- Reuters, December 25, 2009 ↩
- For more details on DAI, see Eva Golinger, "The Chávez Code: Cracking US Intervention in Venezuela" (2006) and her website, posting for December 31, 2009 ↩
- Salim Lamrani, professor at Paris Descartes University, "The Contradictions of Cuban Blogger Yoani Sanchez", Monthly Review magazine, November 12, 2009 ↩
- http://killinghope.org/bblum6/democ.htm ↩
- http://killinghope.org/bblum6/polpris.htm ↩
Annie Leonard versus the people who brought you Enron and Goldman Sachs

COLORADO COLLEGE- Environmentalist Annie Leonard of THE STORY OF STUFF visits CC’s Packard Hall. Here’s an inescapably blunt video she’s made in advance of the climate summit in Copenhagen, called The Story of Cap & Trade, where Leonard looks at the devils in the details: “free permits to big polluters, fake offsets and distraction from what’s really required to tackle the climate crisis.”
Leonard knocked it out of the park at CC, setting a fine example for forward-thinking reformers. Keep moving, come back for the stragglers later.
How exciting for this Colorado Springs audience that Leonard visits just as her internet impact is being targeted by those previously presumed to be her allies. It’s a clever move, before COP15, to unmask the delinquents in our midst. Normally eco-radical Grist is alight with attacks on Leonard’s Cap and Trade dressing down, but the charlatans can’t see the clearcut from the trees. They’re cap and trade insiders, who short Leonard for arguments she omits, although her video is only ten minutes long.
One accuses the “semi-famous” Leonard of missing the mark, the other scolds the first for going too easy on her, beginning a catalog of errors with “Just colossally ignorant.” Both Grist dopes with too much invested in eco-business as usual.
NACA urges nonviolent bank terrorism
The Neighborhood Assistance Corporation of America is suggesting you take your mortgage company protest to the streets, their streets. Specifically the neghborhood where your predatory lender CEO lives. Let his kids meet your kids. Let them ask their daddy why your children are being put out on the street. NACA has listed online all the pertinent names and addresses to facilitate what they call the “Predators Tour,” a sort of involuntary Parade of Homes.
To fight eviction, NACA cautions victims to remain in their homes, and solicit legal help. But when it comes to changing mortgage lending policy, NACA promotes CONFRONTATION and ADVOCACY. They’re calling these posh neighborhood rallies: nonviolent bank terrorism.
NATIONAL CITY MORTGAGE
Peter Raskind, CEO
(216) 222-2000
peter.raskind@nationalcity.com
Net worth: $5 Million
Home value: $1 Million
19212 Shelburne Road, Cleveland, OH 44118
HSBC
Brendan Mcdonagh, CEO
(224) 544-6676
Net worth: $20 Million
Home value: $2.5 Million
1065 Fisher Ln, Winnetka, IL 60093
CERBERUS CAPITAL MANAGEMENT (GMAC)
Stephen Feinberg, CEO
(212) 891-2100
Net worth: $1 Billion
City Address: $19.75 Million
36 East 67th Street, New York, NY 10065
Weekend address: $1.1 Million
35 Craig Court, Stamford, CT 06903
GREENWICH FINANCIAL SERVICES
William Frey, CEO
(203) 862-3600
Bill@greenwichfin.com
Home value: $2.2 Million
10 Glenville Road, Greenwich, CT 06831
GOLDMAN SACHS
Lloyd Blankfein, CEO
(212) 902-1000
Lloyd.Blankfein@gs.com
Net worth: $350 Million
Vacation Home: $6.05 Million
121 Parsonage Lane, Sagaponack, NY 11962
City address: $26 Million
15 Central Park West 1617A, New York, NY 10023
MORGAN STANLEY
John Mack, CEO
(212) 761-4000
Net worth: $400 Million
Home value: $2.75 Million
6 Club Road, Rye, NY 10580
Vacation address 1: $7.8 Million
53 S. Beach Road, Wilmington, NC 28411
Vacation Address 2: $4.34 Million
54 S. Beach Road, Wilmington, NC 28411
BARCLAYS
Robert Diamond, CEO
(212) 412-4000
Net worth: $200 Million
Vacation address: $6.5 Million
3 Lincoln Way, Nantucket, MA 02554
CREDIT SUISSE
Robert Shafir, CEO Americas
(212) 325-2000
Net worth: $20 Million
Vacation home: $3.25 Million
354 Bluff Road, Amagansett, NY 11930
FORTRESS INVESTMENT GROUP, LLC,
Wesley Edens, CEO
(212) 798-6100,
Net Worth: $1.6 Billion
Country address: $1.88 Million
8 Oyster Pond Road, Edgartown, MA 02539
City Address: $7.23 Million
271 Central Park West, New York, NY 10024
Getting the short hard end of the baton

Say the bailout for bankers reaches Five Trillion, while your holdings and your livelihood are let to evaporate to nothing. Say all social services are trimmed back, offices closed, and you have nowhere to turn.
Say voters in November are turned away in record numbers and Republicans are let to steal the election. Abetted by the Supreme Court.
Say there’s no ending the carnage in Iraq. Instead, more soldiers are sent there, and to Afghanistan, and Pakistan, and Sudan, and South America.
Say the next president grants indemnity to Bush, Cheney, Rove, Rice, Rumsfeld, Gonzales, Goldman Sachs, Blackwater, Exxon and Carlyle.
Say Guantanamo and torture and rendition and unlawful detention and surveillance and intolerance persist despite court orders to stop. Say your representatives in Congress won’t listen, no matter how many times you call. How exactly do you propose bringing your government to heel?
Not Sons of Bitches, Dems are bitches
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 Economic Meltdown Was Staged As an Act of Class War
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.
Corrupt Fed wants control
These bastards are brazen thieves and agents of disinformation. Has the entire fricking country gone stupid? We are witnessing the transfer of vast sums of our money… not theirs, ours… to them!! And a Fed who wants to get the SEC out of the way so they can do it! Paulson, Bernake, Greenspan, Volker, Rubin… all wall street thieves and crooks, liars and scum. This is the fascist business model in full head long dive to the bottom with the Fed cleaning up the mess and divvying up the bailout money to their wall street buddies. For the next 6 months.
This had to be planned. No concerned economic professional in their right mind would have let this happen. The Fed is responsible for the housing bubble, the subprime crime, the weak dollar and now for looting the U.S. citizen treasury!! JP Morgan, Morgan Stanley, Merrill Lynch, Goldman Sachs, Citigroup, Bank America… they’re all going down. They’ve all got the CDO-SIV-Hedge Fund cancer bad. Why is the Fed taking on all this worthless paper and risk? All for show. They create and destroy money all the time.
Regardless, they will bail them all out… on our tab. Bear Stearns was sacrificed to keep JP Morgan on life support. But you can bet the Bear Stearns management got out before the crash of stock price. I think the SEC would investigate that right? And how is it that the Fed can act alone on these things, and the Congress (many of whom voted to repeal the Glass-Steagal act with Clinton) [there’s a question for Hillary] in the aftermath asks their sniveling little questions of how the deal was structured? Because the Fed runs the show. It is a private banking system… not a government agency! We are witnessing the power of the central banking system that was set up in Europe by the Bauers (Rothchilds), the Greens, the Schifts, the Warburgs…all German banking Zionists. Then brought to the U.S. (The Money Masters -dvd). Talmudist Jews by the way. Sold out Germany with the British to bring U.S. into WWI. Even though Germany was offering England a return to peace with no reparations or conditions.
Now, what happened to that 2.4 trillion that went missing from the Pentagon… just before 9-11? Hmmmm Dov Zakhiem might know. Another Zionist and dual Israeli/U.S. citizen who was in charge of the Pentagons budget as comptroller. Funny how that “plane” hit the accounting area of the Pentagon, destroying all evidence and records of misplaced funds. Darn the luck. Who’d have thought?