Bostonians Calling For Barney Frank's Head

2008-10-01 Thread d.b.baker

Little by little, the truth is leaking out:

[Q] - When it comes to the Wall Street meltdown, Rep. Barney Frank is
considered the engineer of the financial train wreck, a
bostonherald.com instant poll shows.

Frank (D-Newton), chairman of the House Financial Services panel, is
plastered with blame even more so than President Bush or former fed
chief Alan Greenspan.

Some readers argue all you have to do is click over to YouTube and
listen to Frank, in the fall of 2003, swear “Fannie and Freddie (are)
not in a crisis!” and are “fundamentally sound financially.”

Whoops, guess not.

Fannie Mae and Freddie Mac have been taken over by the government and
are under a grand jury investigation.

More than 5,000 responders to a bostonherald.com poll posted mid-day
yesterday are calling for heads to roll: -
http://www.bostonherald.com/news/2008/view.bg?articleid=1122387


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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread rigsy03

Plus they float away into the lakes, rivers and seas and are ingested
by those fancy fish everyone craves.//Today I took my canvas tote to
Aldi for my second visit. It was packed with shoppers! ( One I had
noticed- sort of a dreamy man- wound up next at the municipal liquor
store for discount Tuesday.) And the upscale grocery store-Lunds,
nextdoor- had few cars in its lot. The day before, loss leaders had
flown off the shelves of Rainbow.//Hint: Keep your canvas bag light-
or rent a cart for a quarter.

On Oct 1, 1:12 am, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:
 17.6 million barrels of oil a year

 On Sep 30, 11:31 am, Hollywood [EMAIL PROTECTED] wrote:



  mike,

  Anyone considered who much oil is used in the making of plastics?

  On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

  [EMAIL PROTECTED] wrote:
   America's dirty little oil secret: Plastic Bottles and
   Bags                                America consumes 31.2 billion
   water bottles a year taking 17.6 million barrels of oil to create
   them. Enough to fuel 1.5 million cars for a year. America consumes 100
   billion plastic bags a year taking 12 million barrels of oil. World
   figures? 154.3 billion water bottles and 500 billion - 1 trillion
   bags=147.4 - 207.4 million barrels of oil a year.

   On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

   [EMAIL PROTECTED] wrote:
Editorial
No More Plastic 
Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
Westport, Conn., this month became the latest of a handful of
communities to ban some plastic bags. The bags, which have only a
brief, useful life, can survive forever in landfills and are of
enormous concern to not only environmentalists but local officials who
are running out of places to put their trash.

 Westport’s ordinance will take effect in six months and applies to
bags dispensed at checkout counters. Others, like dry cleaning bags,
will be exempted. The aim is to reduce litter and encourage customers
to tote their groceries in reusable cloth bags.

The town’s stand is laudable but will have only a limited effect on
what is, after all, a statewide problem. The Connecticut Legislature
rebuffed a proposed statewide ban last year. Massachusetts and Maine
considered similar bans and also backed down.

Americans use and dispose of at least 100 billion bags every year.
Although the plastics industry points out that plastic grocery bags
are made more from natural gas than petroleum, natural gas is not a
renewable resource and contributes to global warming. And about only 5
percent of all plastic bags are recycled nationwide. The rest end up
in the trash, hanging in trees or floating in water where they menace
marine life.

There are other possible remedies, including a constructive idea that
has taken hold in Ireland. In 2002, Ireland became the first country
in the world to impose a tax on plastic bags. Use of the bags dropped
by 90 percent, and proceeds from the tax went to environmental causes.

If Ireland is any guide, tax laws may have greater impact on human
behavior than recycling laws. Tax law could also be written to apply
to an entire state, thus eliminating the need for town-by-town bans.

More Articles in Opinion » A version of this article appeared in print
on September 30, 2008, on page A26 of the New York edition.- Hide 
quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread rigsy03

There is data that plastics are absorbed into foods you nuke, pack or
store. Glass or wax paper, preferred.

On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:
 mike,

 Anyone considered who much oil is used in the making of plastics?

 On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]



 [EMAIL PROTECTED] wrote:
  America's dirty little oil secret: Plastic Bottles and
  Bags                                America consumes 31.2 billion
  water bottles a year taking 17.6 million barrels of oil to create
  them. Enough to fuel 1.5 million cars for a year. America consumes 100
  billion plastic bags a year taking 12 million barrels of oil. World
  figures? 154.3 billion water bottles and 500 billion - 1 trillion
  bags=147.4 - 207.4 million barrels of oil a year.

  On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

  [EMAIL PROTECTED] wrote:
   Editorial
   No More Plastic 
   Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
   Westport, Conn., this month became the latest of a handful of
   communities to ban some plastic bags. The bags, which have only a
   brief, useful life, can survive forever in landfills and are of
   enormous concern to not only environmentalists but local officials who
   are running out of places to put their trash.

    Westport’s ordinance will take effect in six months and applies to
   bags dispensed at checkout counters. Others, like dry cleaning bags,
   will be exempted. The aim is to reduce litter and encourage customers
   to tote their groceries in reusable cloth bags.

   The town’s stand is laudable but will have only a limited effect on
   what is, after all, a statewide problem. The Connecticut Legislature
   rebuffed a proposed statewide ban last year. Massachusetts and Maine
   considered similar bans and also backed down.

   Americans use and dispose of at least 100 billion bags every year.
   Although the plastics industry points out that plastic grocery bags
   are made more from natural gas than petroleum, natural gas is not a
   renewable resource and contributes to global warming. And about only 5
   percent of all plastic bags are recycled nationwide. The rest end up
   in the trash, hanging in trees or floating in water where they menace
   marine life.

   There are other possible remedies, including a constructive idea that
   has taken hold in Ireland. In 2002, Ireland became the first country
   in the world to impose a tax on plastic bags. Use of the bags dropped
   by 90 percent, and proceeds from the tax went to environmental causes.

   If Ireland is any guide, tax laws may have greater impact on human
   behavior than recycling laws. Tax law could also be written to apply
   to an entire state, thus eliminating the need for town-by-town bans.

   More Articles in Opinion » A version of this article appeared in print
   on September 30, 2008, on page A26 of the New York edition.- Hide quoted 
   text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: The Gratitude Campaign

2008-10-01 Thread rigsy03

My hope is that our military recruits return to society with values
and disipline unlike the gangs and loafers of youth that are tearing
our cities apart.

On Sep 30, 5:38�pm, wncs [EMAIL PROTECTED] wrote:
 This is pretty neat.(30 second video)... Have you ever seen one of
 our military walking past you and wanted to convey to them your
 thanks, but weren't sure how or it felt awkward?

 Recently, a gentleman from Seattle created a gesture which could be
 used and has started a massive movement to get the word out.

 Please everybody take just a moment to watch... . The Gratitude
 Campaign and then forward it to your friends!

 http://www.gratitudecampaign.org:80/shortmovie.php
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Re: This week is going to be a Test in the Markets...

2008-10-01 Thread rigsy03

It is a great time to buy for those who can, i.e. with cash or credit.
The real problem is loss of trust and the government tinkering with an
economic maelstrom. I remember stories about deals being worked out on
the back of an envelope or with a handshake- these days one needs a
lawyer or an accountant.

On Sep 30, 10:46�am, Gaar [EMAIL PROTECTED] wrote:
 Nothing was done for the Crisis b y our Government.

 And yet the Market is UP Today...

 Imagine that.

 On Sep 30, 4:03�am, Frank [EMAIL PROTECTED] wrote:



  One star no reply

  On Sep 30, 3:33�pm, Gaar [EMAIL PROTECTED] wrote:

   On Sep 29, 7:54�pm, rigsy03 [EMAIL PROTECTED] wrote:

The center of finance may move to Boston.

   Too Late...

   After Sarbanes-Oxley it moved to London.- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Palin Implicated By Witness in ‘Troopergate’ Probe

2008-10-01 Thread mike532 [ Republicans for Obama ]

 Palin Implicated By Witness in ‘Troopergate’ Probe

http://www.pubrecord.org/component/content/359.html?task=view
An Alaska woman who owns a company that processes workers’
compensation claims in the state has told an independent investigator
that she was urged by the office of Gov. Sarah Palin to deny a
benefits claim for Palin’s ex brother-in-law, a state trooper who was
involved in an ugly divorce and child custody dispute with Palin’s
sister, despite evidence that the claim appeared to be legitimate,
according to state officials who were briefed about the conversation.

Murlene Wilkes, the proprietor of Harbor Adjustment Service in
Anchorage, had originally denied that she was pressured by Gov.
Palin’s office to deny state trooper Mike Wooten’s claim for workers
compensation benefits.

But Wilkes changed her story two weeks ago when she was subpoenaed by
Steven Branchflower, the former federal prosecutor who was appointed
in July to probe allegations Gov. Palin, Republican presidential
candidate John McCain’s running mate, abused her office by abruptly
ousting Public Safety Commissioner Walt Monegan, state officials
knowledgeable about her conversation with Branchflower said.

Monegan has said he felt pressured by Gov. Palin, her husband, Todd,
and several of her aides to fire Wooten. Branchflower’s investigation
centers on whether Palin fired Monegan because he refused to fire
Wooten.

Palin initially welcomed the investigation, which was approved
unanimously in July by the state’s Legislative Council, which has a
Republican majority. However, after McCain picked Palin in late August
to be his vice presidential running mate, national and state
Republicans began suggesting that the investigation was a partisan
witch-hunt against Palin.

Despite pressure from the McCain-Palin campaign – and the refusal of
Todd Palin and some Palin aides to honor subpoenas seeking their
depositions – senior Alaskan legislators said Branchflower still
intended to finish his report on the controversy by Oct. 10.

The workers’ compensation issue is likely to be a major focus of
Branchflower's report, according to state officials knowledgeable
about the course of the investigation.

Wilkes has a $1.2 million contract with the state to handle workers
compensation claims. Her contract with the state was up but her firm
was recently given a new contract--for $1.5 million--despite the fact
that there were others who provided the state with a lower bid than
Wilkes’s firm. One of the other applicants who submitted a lower bid
has appealed the decision.

Wilkes told Branchflower she believed it was impressed upon her from
Palin's office that she would lose the contract if she did not deny
the claim, state officials knowledgeable about her testimony said.

Although Wooten did receive worker's compensation benefits for about
three months, his claim was suddenly denied and he was forced to hire
a lawyer and appeal the issue, which dragged on for more than six
months. The adjuster who denied the benefits was Johanna Grasso, who
used to be employed by Wilkes's firm. But it is unknown if the denial
of Wooten's benefits was due to interference from Palin's office.

According to John Cyr, the executive director of the Public Safety
Employees Association, the union that represents Wooten and other
state troopers, Wooten was approved for workers compensation benefits
in January 2007. He filed for benefits due to a back injury he
suffered when he pulled a dead body from a wrecked automobile and
slipped on icy pavement.

The same month Wooten started receiving workers compensation benefits,
Todd Palin began following Wooten around “snapping pictures of him,”
Cyr said.

“Frank Bailey was getting people to say that [Wooten] was lying on his
worker’s comp form,” Cyr said. “The governor’s family was following
Mike around everywhere. They forwarded that information to the
worker’s comp division.”

Cyr said Wooten had been received his benefits checks totaling $11,000
without any problems until “somewhere between the end of March and the
first of April.”

“Out of nowhere [Wooten’s] workers comp claim was contravened, which
basically means he got a letter saying he wasn’t entitled to benefits
anymore,” Cyr said in an interview. Documents show that a state lawyer
intervened in the case. Wooten “hired an attorney and filed a
counterclaim against the state. Eventually, in November 2007 there was
a settlement. Part of that settlement included an operation on
[Wooten’s] back in California. This was a serious injury and he was
flat broke and had to file for bankruptcy because his claims were
denied. There was absolutely a personal vendetta against this trooper
by the governor and the governor’s staff.”

However, according to documents in Wooten’s case, the trooper had a
preexisting condition that resulted in his disability claims being
denied.

But Branchflower has obtained evidence that extends beyond Wilkes’s
statements that shows the denial of 

Re: This week is going to be a Test in the Markets...

2008-10-01 Thread rigsy03

Capital gains penalities are just that- you pay when you inherit- pay
when you sell- pay when you make a profit. So some sit on land and
valuables and there is no action. In the meantime, inflation and the
Antiques Roadshow soars the supposed value. Look at your property
taxes! Then remind yourself that you accepted being entrapped by an
effete system.//If banks think so little of savings rewards and so
much of debt interest, why should we care if they fail?// If Wall
Street rewards speculators instead of investors, do we really admire
this system?

On Sep 29, 7:58�pm, Jim Willis [EMAIL PROTECTED]
wrote:
 As much as I hate to, I have to disagree with you Garr. If we do
 nothing we will face a 18 month recession. If we bail out Wall Street
 and support the behavior that got us here, we will suffer a TEN YEAR
 DEPRESSION. Government can play a role however. They could cut capital
 gains taxes to zero and follow that with a cut or removal of corporate
 tax rates. This would infuse trillions of dollars into the markets and
 make this a private bailout. What must be remembered is how we got
 here, a subject that no one has addressed. Freddie and Fannie,
 conjoined with the democrats. Someone needs to go to jail and the best
 place to start is Cristopher Dodd and Barney Frank.

 On Sep 29, 7:44�pm, Gaar [EMAIL PROTECTED] wrote:



  If we do nothing the average American will suffer, regardless if they
  had anything to do with it or not...

  On Sep 29, 5:36�pm, SgtUSMC [EMAIL PROTECTED] wrote:

   I really don't give a damn about you or the guy next door. I believe
   in the constitution. You take your Bush bailout if you want it. When
   the economy fails, I'll be here, eating squirrel, 'possum, and 'coon
   with Travis.

   I'd like to know when you started supporting the Dems. I wouldn't
   assume you knew this was a Bush bailout.

   I'm not surprised to find that, even when I oppose the Dems, we are
   still have opposing views. I stand for the country without regard to
   party. You stand with the Dems only because they want to pass the Bush/
   Paulson plan.

   On Sep 29, 8:07�pm, Gaar [EMAIL PROTECTED] wrote:

Nearly 2/3 of All American own Stocks...

I guess you believe the guy next door is an Elitist.

On Sep 29, 4:52�pm, SgtUSMC [EMAIL PROTECTED] wrote:

 Who gives a shit about the elite markets. What about the average
 American?

 On Sep 29, 3:49�pm, Gaar [EMAIL PROTECTED] wrote:

  WIth the Jewish Holiday, we are not likely to see any Legislation
  until the end of the week.

  This is going to show us just how strong our Markets/Economy truly
  is...- Hide quoted text -

 - Show quoted text -- Hide quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread rigsy03

Moreso in foods you nuke or cook in Teflon at high heat. If you use
those frozen entrees, nuke them in a glass pie plate with a square of
wax paper on top if they are packaged in plastic. And some can liners
are also under scrutiny.// Back to the past prior to plastic! :-)
There was time when things were made to last and be repaired, when
homemaking was a revered art- alas, this was prior to our toss-away
society. Women no make dinner- they make reservations.

On Oct 1, 4:05 am, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:
 that is true the plastic leaches into what is store in the plastic .

 On Oct 1, 3:57 am, rigsy03 [EMAIL PROTECTED] wrote:



  There is data that plastics are absorbed into foods you nuke, pack or
  store. Glass or wax paper, preferred.

  On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:

   mike,

   Anyone considered who much oil is used in the making of plastics?

   On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

   [EMAIL PROTECTED] wrote:
America's dirty little oil secret: Plastic Bottles and
Bags                                America consumes 31.2 billion
water bottles a year taking 17.6 million barrels of oil to create
them. Enough to fuel 1.5 million cars for a year. America consumes 100
billion plastic bags a year taking 12 million barrels of oil. World
figures? 154.3 billion water bottles and 500 billion - 1 trillion
bags=147.4 - 207.4 million barrels of oil a year.

On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

[EMAIL PROTECTED] wrote:
 Editorial
 No More Plastic 
 Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
 Westport, Conn., this month became the latest of a handful of
 communities to ban some plastic bags. The bags, which have only a
 brief, useful life, can survive forever in landfills and are of
 enormous concern to not only environmentalists but local officials who
 are running out of places to put their trash.

  Westport’s ordinance will take effect in six months and applies to
 bags dispensed at checkout counters. Others, like dry cleaning bags,
 will be exempted. The aim is to reduce litter and encourage customers
 to tote their groceries in reusable cloth bags.

 The town’s stand is laudable but will have only a limited effect on
 what is, after all, a statewide problem. The Connecticut Legislature
 rebuffed a proposed statewide ban last year. Massachusetts and Maine
 considered similar bans and also backed down.

 Americans use and dispose of at least 100 billion bags every year.
 Although the plastics industry points out that plastic grocery bags
 are made more from natural gas than petroleum, natural gas is not a
 renewable resource and contributes to global warming. And about only 5
 percent of all plastic bags are recycled nationwide. The rest end up
 in the trash, hanging in trees or floating in water where they menace
 marine life.

 There are other possible remedies, including a constructive idea that
 has taken hold in Ireland. In 2002, Ireland became the first country
 in the world to impose a tax on plastic bags. Use of the bags dropped
 by 90 percent, and proceeds from the tax went to environmental causes.

 If Ireland is any guide, tax laws may have greater impact on human
 behavior than recycling laws. Tax law could also be written to apply
 to an entire state, thus eliminating the need for town-by-town bans.

 More Articles in Opinion » A version of this article appeared in print
 on September 30, 2008, on page A26 of the New York edition.- Hide 
 quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread rigsy03

no longer

On Oct 1, 4:19 am, rigsy03 [EMAIL PROTECTED] wrote:
 Moreso in foods you nuke or cook in Teflon at high heat. If you use
 those frozen entrees, nuke them in a glass pie plate with a square of
 wax paper on top if they are packaged in plastic. And some can liners
 are also under scrutiny.// Back to the past prior to plastic! :-)
 There was time when things were made to last and be repaired, when
 homemaking was a revered art- alas, this was prior to our toss-away
 society. Women no make dinner- they make reservations.

 On Oct 1, 4:05 am, mike532 [ Republicans for Obama ]



 [EMAIL PROTECTED] wrote:
  that is true the plastic leaches into what is store in the plastic .

  On Oct 1, 3:57 am, rigsy03 [EMAIL PROTECTED] wrote:

   There is data that plastics are absorbed into foods you nuke, pack or
   store. Glass or wax paper, preferred.

   On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:

mike,

Anyone considered who much oil is used in the making of plastics?

On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

[EMAIL PROTECTED] wrote:
 America's dirty little oil secret: Plastic Bottles and
 Bags                                America consumes 31.2 billion
 water bottles a year taking 17.6 million barrels of oil to create
 them. Enough to fuel 1.5 million cars for a year. America consumes 100
 billion plastic bags a year taking 12 million barrels of oil. World
 figures? 154.3 billion water bottles and 500 billion - 1 trillion
 bags=147.4 - 207.4 million barrels of oil a year.

 On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

 [EMAIL PROTECTED] wrote:
  Editorial
  No More Plastic 
  Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
  Westport, Conn., this month became the latest of a handful of
  communities to ban some plastic bags. The bags, which have only a
  brief, useful life, can survive forever in landfills and are of
  enormous concern to not only environmentalists but local officials 
  who
  are running out of places to put their trash.

   Westport’s ordinance will take effect in six months and applies to
  bags dispensed at checkout counters. Others, like dry cleaning bags,
  will be exempted. The aim is to reduce litter and encourage 
  customers
  to tote their groceries in reusable cloth bags.

  The town’s stand is laudable but will have only a limited effect on
  what is, after all, a statewide problem. The Connecticut Legislature
  rebuffed a proposed statewide ban last year. Massachusetts and Maine
  considered similar bans and also backed down.

  Americans use and dispose of at least 100 billion bags every year.
  Although the plastics industry points out that plastic grocery bags
  are made more from natural gas than petroleum, natural gas is not a
  renewable resource and contributes to global warming. And about 
  only 5
  percent of all plastic bags are recycled nationwide. The rest end up
  in the trash, hanging in trees or floating in water where they 
  menace
  marine life.

  There are other possible remedies, including a constructive idea 
  that
  has taken hold in Ireland. In 2002, Ireland became the first country
  in the world to impose a tax on plastic bags. Use of the bags 
  dropped
  by 90 percent, and proceeds from the tax went to environmental 
  causes.

  If Ireland is any guide, tax laws may have greater impact on human
  behavior than recycling laws. Tax law could also be written to apply
  to an entire state, thus eliminating the need for town-by-town bans.

  More Articles in Opinion » A version of this article appeared in 
  print
  on September 30, 2008, on page A26 of the New York edition.- Hide 
  quoted text -

 - Show quoted text -- Hide quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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US 'casino' mentality blamed for planet's meltdown

2008-10-01 Thread Cold Water
US 'casino' mentality blamed for planet's meltdown
By ALAN CLENDENNING – 12 hours ago 

SAO PAULO, Brazil (AP) — Astounded by the U.S. government's failure to resolve 
the financial crisis threatening the foundations of the global free market, 
fingers of blame are pointing at America from around the planet.

Latin American leaders say the U.S. must quickly fix the financial crisis it 
created before the rest of the world's hard-won economic gains are lost.

The managers of big business took huge risks out of greed, said President 
Oscar Arias of Costa Rica, whose economy is highly dependent on U.S. trade. 
What happens in the United States will affect the entire world and, above all, 
small countries like ours.

In Europe, where some blame a phenomenon of casino capitalism that has become 
deeply engrained from New York to London to Moscow, there is more of a sense of 
shared responsibility. But Europeans also blame the U.S. government for letting 
things get out of hand.

Amid harsh criticism is a growing consensus that stricter financial regulation 
is needed to prevent unfettered capitalism from destroying economies around the 
globe.

And leaders of developing nations that kept spending tight and opened their 
economies in response to American demands are warning of other consequences — a 
loss of U.S. influence globally and the likelihood that the world's poor will 
suffer the most from greed by the biggest players in global finance.

They spent the last three decades saying we needed to do our chores. They 
didn't, a grim-faced Brazilian President Luiz Inacio Lula da Silva said 
Tuesday.

Even staunch U.S. allies like Colombian President Alvaro Uribe blasted the 
world's most powerful country for egging on uncontrolled financial speculation 
that he compared to a wild horse with no reins.

The whole world has financed the United States, and I believe that they have a 
reciprocal debt with the planet, he said.

It's harder for European leaders to point the finger directly at the United 
States since many of their financiers participated in the recklessness. London 
was home to the division of failed insurer AIG that racked up huge losses on 
credit-default swaps, and many reputable European banks disregarded risk to 
load up on higher yielding subprime assets.

But the House's rejection Monday of the U.S. bank bailout proposed by Treasury 
Secretary Henry Paulson provoked a sharper tone and warnings that America must 
act. Though global markets on Tuesday recovered some of the ground they lost in 
a worldwide slide the day before, politicians from Europe to South America 
insisted the risk of a further plunge remains high.

German Chancellor Angela Merkel called on U.S. lawmakers to pass a package this 
week, saying it was the precondition for creating new confidence on the 
markets — and that is of incredibly great significance.

In an unusually blunt statement from the 27-country European Union, EU 
Commission spokesman Johannes Laitenberger said: The United States must take 
its responsibility in this situation, must show statesmanship for the sake of 
their own country, and for the sake of the world.

The crisis also has strengthened voices in France and Germany calling for EU 
regulations to eliminate highly deregulated financial markets, despite 
objections from Britain, which along with the U.S. is considered by some to 
practice a freer form of Anglo-Saxon capitalism.

This crisis underlines the excesses and uncertainties of a casino capitalism 
that has only one logic — lining your pockets, said German lawmaker Martin 
Schulz, chairman of the Socialists in the EU assembly. It also shows the 
bankruptcy of 'law of the jungle' capitalism that no longer invests in 
companies and job creation, but instead makes money out of money in a totally 
uncontrolled way.

The U.S. government's failure to apply rules that might have prevented the 
crisis is seen as a betrayal in many developing countries that faced intense 
U.S. pressures to liberalize their economies. In some developing nations, state 
enterprises were privatized, currencies were allowed to float against the U.S. 
dollar and painful measures were taken to bring down debts.

These advances are at risk now that credit is drying up. Countries with 
commodities-based economies are particularly vulnerable since more 
industrialized nations could reduce their demand for everything from soy to 
iron ore.

It doesn't seem fair to me that those of us who endured so much hunger in the 
20th century, who began to improve in the 21st century, should have to suffer 
due to the international financial system, Silva said. There are going to be 
a lot of people going hungry in the world.

Just before meeting with Silva on Tuesday, Venezuelan leader Hugo Chavez said 
he believes a new economic order is in store for the planet.

What's to blame? Imperialism, the United States, the irresponsibility of the 
United States government, said the self-avowed 

Re: A debate ?moderator? in the tank for Obama

2008-10-01 Thread mark

this election has brought about the death of journalism.

On Oct 1, 6:13 am, Cold Water [EMAIL PROTECTED] wrote:
 A debate “moderator” in the tank for Obama

 My first syndicated column of the week, filed this afternoon, shines light on 
 PBS anchor Gwen Ifill, who will moderate Thursday’s only vice presidential 
 debate. Try as she might to deflect questions about her impartiality, her 
 biases — and her conflict of interest — are clear. But don’t you dare breathe 
 a word about any of this. You know what will happen if you do…

 RACIST!

 Sidenote: TVNewser reports that Ifill has broken her ankle, but she’s still 
 going to do the debate. But will she disclose her conflict of interest? 
 Inquiring minds want to know.

 Ask the Commission on Presidential Debates if she will acknowledge her 
 conflict of interest: 202-872-1020.

 And here’s the e-mail address of Janet H. Brown, Executive Director of the 
 Debates Commission: [EMAIL PROTECTED]

 Hopefully, their email system works better than the House.

 Tons of readers recommend that Sarah Palin open her debate remarks by 
 congratulating Ifill on her book and asking her to tell everyone the title.

 ***

 A debate “moderator” in the tank for Obama
 by Michelle Malkin
 Creators Syndicate
 Copyright 2008

 My dictionary defines “moderator” as “the nonpartisan presiding officer of a 
 town meeting.” On Thursday, PBS anchor Gwen Ifill will serve as moderator for 
 the first and only vice presidential debate. The stakes are high. The 
 Commission on Presidential Debates, with the assent of the two campaigns, 
 decided not to impose any guidelines on her duties or questions.

 But there is nothing “moderate” about where Ifill stands on Barack Obama. 
 She’s so far in the tank for the Democrat presidential candidate, her oxygen 
 delivery line is running out.

 In an imaginary world where liberal journalists are held to the same 
 standards as everyone else, Ifill would be required to make a full disclosure 
 at the start of the debate. She would be required to turn to the cameras and 
 tell the national audience that she has a book coming out on January 20, 2009 
 – a date that just happens to coincide with the inauguration of the next 
 president of the United States.

 The title of Ifill’s book? “Breakthrough: Politics and Race in the Age of 
 Obama.” Nonpartisan my foot.

 Ifill’s publisher, Random House, is already busy hyping the book with YouTube 
 clips of Ifill heaping praise on her subjects, including Obama and 
 Obama-endorsing Mass. Governor Deval Patrick. The official promo for the book 
 gushes:

   “In The Breakthrough, veteran journalist Gwen Ifill surveys the American 
 political landscape, shedding new light on the impact of Barack Obama’s 
 stunning presidential campaign and introducing the emerging young African 
 American politicians forging a bold new path to political power…Drawing on 
 interviews with power brokers like Senator Obama, former Secretary of State 
 Colin Powell, Vernon Jordan, the Reverend Jesse Jackson, and many others, as 
 well as her own razor-sharp observations and analysis of such issues as 
 generational conflict and the ‘black enough’ conundrum, Ifill shows why this 
 is a pivotal moment in American history.”

 Ifill and her publisher are banking on an Obama/Biden win to buoy her book 
 sales. The moderator expected to treat both sides fairly has grandiosely 
 declared this the “Age of Obama.” Can you imagine a right-leaning journalist 
 writing a book about the “stunning” McCain campaign and its “bold” path to 
 reform timed for release on Inauguration Day – and then expecting a slot as a 
 moderator for the nation’s sole vice presidential debate?

 Yeah, I just registered 6.4 on the Snicker Richter Scale, too.

 Despite the protestations of her colleagues that she will be fair, Ifill has 
 appeared on numerous radio and TV talk shows over the past several months to 
 cash in on her access to the Obama campaign. She recently penned a fawning 
 cover story on the Obamas for Essence magazine that earned much buzz. The 
 title? “The Obamas: Portrait of an American Family.” A sample of Ifill’s 
 hard-hitting investigative journalism, illustrated with Kennedyesque photos 
 of the Obamas and children posing at home on the backporch and by the piano:

   “Barack Obama is sitting in the back of his rented luxury campaign bus with 
 its granite counters and two flat-screen TVs. The Illinois senator’s arms are 
 wrapped around his wife, Michelle, whom he doesn’t get to see much these 
 days. At this very moment he is, of all things, singing.”

 During the Democratic National Convention, Ifill offered her neutral analysis 
 before Michelle Obama’s speech on NBC News: “A lot of people have never seen 
 anything that looks like a Michelle Obama before. She’s educated, she’s 
 beautiful, she’s tall, she tells you what she thinks and they hope that she 
 can tell a story about Barack Obama and about herself…”

 During the 

Re: Prosecutors on Obama 'Truth Squad' sound retreat

2008-10-01 Thread mark

murky, are you really that stupid?

On Oct 1, 5:23 am, rigsy03 [EMAIL PROTECTED] wrote:
 Obama, if elected, will wilt away his Messiah image quickly. Might be
 the worst- beyond Bush 43.

 On Oct 1, 12:41 am, mike532 [ Republicans for Obama ]

 [EMAIL PROTECTED] wrote:
  are you really that foolish ?

  On Sep 30, 6:58 am, mark [EMAIL PROTECTED] wrote:

   murky murky murky. can not you read? there are quotes in there taken
   directly from the prosecutors own mouths saying they are part of a
   truth squad. barry gestapo was found out and now they are trying to
   hide. too late.

   On Sep 30, 6:52 am, mike532 [ Republicans for Obama ]

   [EMAIL PROTECTED] wrote:
this is nothing more than the hysterical rantings of a republican
propagandist !

On Sep 30, 6:24 am, mark [EMAIL PROTECTED] wrote:

 Missouri law officials, including public prosecutors, who were
 reportedly planning to respond immediately to any misleading
 advertisements against Barack Obama if they might violate Missouri
 ethics laws, have now backed off the intimidating implications of
 that report, promising that they have no intention of prosecuting
 anyone.

 As WND reported, prosecuting attorneys Bob McCulloch and Jennifer
 Joyce originally announced on KMOV-TV in St. Louis their participation
 in Obama's Truth Squad, pledging to defend the candidate from
 untruthful ads with an undefined immediate response.

 Whether it is directly attributable to the (McCain) campaign or to
 one of the soft money operations, McCulloch told the station, if
 they're not going to tell the truth, somebody's got to step up and
 say, 'That's not the truth. This is the truth.'

 The move prompted Missouri's governor to object that the prosecutors
 were using police state tactics to squelch information hurtful to
 the Obama campaign.

 What Senator Obama and his helpers are doing is scandalous beyond
 words, wrote Gov. Matt Blunt in a statement. The party that claims
 to be the party of Thomas Jefferson is abusing the justice system and
 offices of public trust to silence political criticism with threats of
 prosecution and criminal punishment.

 A spokesperson for St. Louis City Circuit Attorney Jennifer Joyce,
 however, told WND that the televised Truth Squad announcement was
 misunderstood.

 The only action they would take would be to provide truthful
 information to the public so they can make up their minds, said
 spokesperson Susan Ryan. Neither (Joyce) nor anybody involved in this
 has any intention of prosecuting anybody.

 When asked if the initial announcement suggested legal ramifications
 for crossing ethics laws in Missouri, Ryan confirmed, Unfortunately
 it did suggest that, but the 'Truth Squad' has no intention of
 prosecuting anyone for this.

 Further, Ryan insisted, attorneys McCulloch and Joyce are
 participating in the Truth Squad as part of their private
 citizenship, on their own time, and in no way in their capacity as
 prosecutors.

 That's not how they announced it, objected Gov. Blount in an
 interview on Fox TV's America's Newsroom talk show. They rolled it
 out as prosecutors willing to take actions as prosecutors.- Hide 
 quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -
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* It's active and moderated. Register and vote in our polls. 
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Re: Palin Implicated By Witness in ‘Troopergate’ Probe

2008-10-01 Thread mark

yawn

On Oct 1, 4:50 am, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:
  Palin Implicated By Witness in ‘Troopergate’ Probe

 http://www.pubrecord.org/component/content/359.html?task=view
 An Alaska woman who owns a company that processes workers’
 compensation claims in the state has told an independent investigator
 that she was urged by the office of Gov. Sarah Palin to deny a
 benefits claim for Palin’s ex brother-in-law, a state trooper who was
 involved in an ugly divorce and child custody dispute with Palin’s
 sister, despite evidence that the claim appeared to be legitimate,
 according to state officials who were briefed about the conversation.

 Murlene Wilkes, the proprietor of Harbor Adjustment Service in
 Anchorage, had originally denied that she was pressured by Gov.
 Palin’s office to deny state trooper Mike Wooten’s claim for workers
 compensation benefits.

 But Wilkes changed her story two weeks ago when she was subpoenaed by
 Steven Branchflower, the former federal prosecutor who was appointed
 in July to probe allegations Gov. Palin, Republican presidential
 candidate John McCain’s running mate, abused her office by abruptly
 ousting Public Safety Commissioner Walt Monegan, state officials
 knowledgeable about her conversation with Branchflower said.

 Monegan has said he felt pressured by Gov. Palin, her husband, Todd,
 and several of her aides to fire Wooten. Branchflower’s investigation
 centers on whether Palin fired Monegan because he refused to fire
 Wooten.

 Palin initially welcomed the investigation, which was approved
 unanimously in July by the state’s Legislative Council, which has a
 Republican majority. However, after McCain picked Palin in late August
 to be his vice presidential running mate, national and state
 Republicans began suggesting that the investigation was a partisan
 witch-hunt against Palin.

 Despite pressure from the McCain-Palin campaign – and the refusal of
 Todd Palin and some Palin aides to honor subpoenas seeking their
 depositions – senior Alaskan legislators said Branchflower still
 intended to finish his report on the controversy by Oct. 10.

 The workers’ compensation issue is likely to be a major focus of
 Branchflower's report, according to state officials knowledgeable
 about the course of the investigation.

 Wilkes has a $1.2 million contract with the state to handle workers
 compensation claims. Her contract with the state was up but her firm
 was recently given a new contract--for $1.5 million--despite the fact
 that there were others who provided the state with a lower bid than
 Wilkes’s firm. One of the other applicants who submitted a lower bid
 has appealed the decision.

 Wilkes told Branchflower she believed it was impressed upon her from
 Palin's office that she would lose the contract if she did not deny
 the claim, state officials knowledgeable about her testimony said.

 Although Wooten did receive worker's compensation benefits for about
 three months, his claim was suddenly denied and he was forced to hire
 a lawyer and appeal the issue, which dragged on for more than six
 months. The adjuster who denied the benefits was Johanna Grasso, who
 used to be employed by Wilkes's firm. But it is unknown if the denial
 of Wooten's benefits was due to interference from Palin's office.

 According to John Cyr, the executive director of the Public Safety
 Employees Association, the union that represents Wooten and other
 state troopers, Wooten was approved for workers compensation benefits
 in January 2007. He filed for benefits due to a back injury he
 suffered when he pulled a dead body from a wrecked automobile and
 slipped on icy pavement.

 The same month Wooten started receiving workers compensation benefits,
 Todd Palin began following Wooten around “snapping pictures of him,”
 Cyr said.

 “Frank Bailey was getting people to say that [Wooten] was lying on his
 worker’s comp form,” Cyr said. “The governor’s family was following
 Mike around everywhere. They forwarded that information to the
 worker’s comp division.”

 Cyr said Wooten had been received his benefits checks totaling $11,000
 without any problems until “somewhere between the end of March and the
 first of April.”

 “Out of nowhere [Wooten’s] workers comp claim was contravened, which
 basically means he got a letter saying he wasn’t entitled to benefits
 anymore,” Cyr said in an interview. Documents show that a state lawyer
 intervened in the case. Wooten “hired an attorney and filed a
 counterclaim against the state. Eventually, in November 2007 there was
 a settlement. Part of that settlement included an operation on
 [Wooten’s] back in California. This was a serious injury and he was
 flat broke and had to file for bankruptcy because his claims were
 denied. There was absolutely a personal vendetta against this trooper
 by the governor and the governor’s staff.”

 However, according to documents in Wooten’s case, the trooper had a
 preexisting condition 

Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread mike532 [ Republicans for Obama ]

that is good advice thank you .

On Oct 1, 5:19 am, rigsy03 [EMAIL PROTECTED] wrote:
 Moreso in foods you nuke or cook in Teflon at high heat. If you use
 those frozen entrees, nuke them in a glass pie plate with a square of
 wax paper on top if they are packaged in plastic. And some can liners
 are also under scrutiny.// Back to the past prior to plastic! :-)
 There was time when things were made to last and be repaired, when
 homemaking was a revered art- alas, this was prior to our toss-away
 society. Women no make dinner- they make reservations.

 On Oct 1, 4:05 am, mike532 [ Republicans for Obama ]



 [EMAIL PROTECTED] wrote:
  that is true the plastic leaches into what is store in the plastic .

  On Oct 1, 3:57 am, rigsy03 [EMAIL PROTECTED] wrote:

   There is data that plastics are absorbed into foods you nuke, pack or
   store. Glass or wax paper, preferred.

   On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:

mike,

Anyone considered who much oil is used in the making of plastics?

On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

[EMAIL PROTECTED] wrote:
 America's dirty little oil secret: Plastic Bottles and
 Bags                                America consumes 31.2 billion
 water bottles a year taking 17.6 million barrels of oil to create
 them. Enough to fuel 1.5 million cars for a year. America consumes 100
 billion plastic bags a year taking 12 million barrels of oil. World
 figures? 154.3 billion water bottles and 500 billion - 1 trillion
 bags=147.4 - 207.4 million barrels of oil a year.

 On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

 [EMAIL PROTECTED] wrote:
  Editorial
  No More Plastic 
  Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
  Westport, Conn., this month became the latest of a handful of
  communities to ban some plastic bags. The bags, which have only a
  brief, useful life, can survive forever in landfills and are of
  enormous concern to not only environmentalists but local officials 
  who
  are running out of places to put their trash.

   Westport’s ordinance will take effect in six months and applies to
  bags dispensed at checkout counters. Others, like dry cleaning bags,
  will be exempted. The aim is to reduce litter and encourage 
  customers
  to tote their groceries in reusable cloth bags.

  The town’s stand is laudable but will have only a limited effect on
  what is, after all, a statewide problem. The Connecticut Legislature
  rebuffed a proposed statewide ban last year. Massachusetts and Maine
  considered similar bans and also backed down.

  Americans use and dispose of at least 100 billion bags every year.
  Although the plastics industry points out that plastic grocery bags
  are made more from natural gas than petroleum, natural gas is not a
  renewable resource and contributes to global warming. And about 
  only 5
  percent of all plastic bags are recycled nationwide. The rest end up
  in the trash, hanging in trees or floating in water where they 
  menace
  marine life.

  There are other possible remedies, including a constructive idea 
  that
  has taken hold in Ireland. In 2002, Ireland became the first country
  in the world to impose a tax on plastic bags. Use of the bags 
  dropped
  by 90 percent, and proceeds from the tax went to environmental 
  causes.

  If Ireland is any guide, tax laws may have greater impact on human
  behavior than recycling laws. Tax law could also be written to apply
  to an entire state, thus eliminating the need for town-by-town bans.

  More Articles in Opinion » A version of this article appeared in 
  print
  on September 30, 2008, on page A26 of the New York edition.- Hide 
  quoted text -

 - Show quoted text -- Hide quoted text -

- Show quoted text -- Hide quoted text -

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Re: Prosecutors on Obama 'Truth Squad' sound retreat

2008-10-01 Thread mike532 [ Republicans for Obama ]

he is our only hope for the country to survive !

On Oct 1, 5:23 am, rigsy03 [EMAIL PROTECTED] wrote:
 Obama, if elected, will wilt away his Messiah image quickly. Might be
 the worst- beyond Bush 43.

 On Oct 1, 12:41 am, mike532 [ Republicans for Obama ]



 [EMAIL PROTECTED] wrote:
  are you really that foolish ?

  On Sep 30, 6:58 am, mark [EMAIL PROTECTED] wrote:

   murky murky murky. can not you read? there are quotes in there taken
   directly from the prosecutors own mouths saying they are part of a
   truth squad. barry gestapo was found out and now they are trying to
   hide. too late.

   On Sep 30, 6:52 am, mike532 [ Republicans for Obama ]

   [EMAIL PROTECTED] wrote:
this is nothing more than the hysterical rantings of a republican
propagandist !

On Sep 30, 6:24 am, mark [EMAIL PROTECTED] wrote:

 Missouri law officials, including public prosecutors, who were
 reportedly planning to respond immediately to any misleading
 advertisements against Barack Obama if they might violate Missouri
 ethics laws, have now backed off the intimidating implications of
 that report, promising that they have no intention of prosecuting
 anyone.

 As WND reported, prosecuting attorneys Bob McCulloch and Jennifer
 Joyce originally announced on KMOV-TV in St. Louis their participation
 in Obama's Truth Squad, pledging to defend the candidate from
 untruthful ads with an undefined immediate response.

 Whether it is directly attributable to the (McCain) campaign or to
 one of the soft money operations, McCulloch told the station, if
 they're not going to tell the truth, somebody's got to step up and
 say, 'That's not the truth. This is the truth.'

 The move prompted Missouri's governor to object that the prosecutors
 were using police state tactics to squelch information hurtful to
 the Obama campaign.

 What Senator Obama and his helpers are doing is scandalous beyond
 words, wrote Gov. Matt Blunt in a statement. The party that claims
 to be the party of Thomas Jefferson is abusing the justice system and
 offices of public trust to silence political criticism with threats of
 prosecution and criminal punishment.

 A spokesperson for St. Louis City Circuit Attorney Jennifer Joyce,
 however, told WND that the televised Truth Squad announcement was
 misunderstood.

 The only action they would take would be to provide truthful
 information to the public so they can make up their minds, said
 spokesperson Susan Ryan. Neither (Joyce) nor anybody involved in this
 has any intention of prosecuting anybody.

 When asked if the initial announcement suggested legal ramifications
 for crossing ethics laws in Missouri, Ryan confirmed, Unfortunately
 it did suggest that, but the 'Truth Squad' has no intention of
 prosecuting anyone for this.

 Further, Ryan insisted, attorneys McCulloch and Joyce are
 participating in the Truth Squad as part of their private
 citizenship, on their own time, and in no way in their capacity as
 prosecutors.

 That's not how they announced it, objected Gov. Blount in an
 interview on Fox TV's America's Newsroom talk show. They rolled it
 out as prosecutors willing to take actions as prosecutors.- Hide 
 quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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For options  help see http://groups.google.com/group/PoliticalForum

* Visit our other community at http://www.PoliticalForum.com/  
* It's active and moderated. Register and vote in our polls. 
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Re: Palin Implicated By Witness in ‘Troopergate’ Probe

2008-10-01 Thread mike532 [ Republicans for Obama ]

i keep waiting for you to  post something even a little bit
intelligent and it just never happens .

On Oct 1, 6:28 am, mark [EMAIL PROTECTED] wrote:
 yawn

 On Oct 1, 4:50 am, mike532 [ Republicans for Obama ]



 [EMAIL PROTECTED] wrote:
   Palin Implicated By Witness in ‘Troopergate’ Probe

 http://www.pubrecord.org/component/content/359.html?task=view
  An Alaska woman who owns a company that processes workers’
  compensation claims in the state has told an independent investigator
  that she was urged by the office of Gov. Sarah Palin to deny a
  benefits claim for Palin’s ex brother-in-law, a state trooper who was
  involved in an ugly divorce and child custody dispute with Palin’s
  sister, despite evidence that the claim appeared to be legitimate,
  according to state officials who were briefed about the conversation.

  Murlene Wilkes, the proprietor of Harbor Adjustment Service in
  Anchorage, had originally denied that she was pressured by Gov.
  Palin’s office to deny state trooper Mike Wooten’s claim for workers
  compensation benefits.

  But Wilkes changed her story two weeks ago when she was subpoenaed by
  Steven Branchflower, the former federal prosecutor who was appointed
  in July to probe allegations Gov. Palin, Republican presidential
  candidate John McCain’s running mate, abused her office by abruptly
  ousting Public Safety Commissioner Walt Monegan, state officials
  knowledgeable about her conversation with Branchflower said.

  Monegan has said he felt pressured by Gov. Palin, her husband, Todd,
  and several of her aides to fire Wooten. Branchflower’s investigation
  centers on whether Palin fired Monegan because he refused to fire
  Wooten.

  Palin initially welcomed the investigation, which was approved
  unanimously in July by the state’s Legislative Council, which has a
  Republican majority. However, after McCain picked Palin in late August
  to be his vice presidential running mate, national and state
  Republicans began suggesting that the investigation was a partisan
  witch-hunt against Palin.

  Despite pressure from the McCain-Palin campaign – and the refusal of
  Todd Palin and some Palin aides to honor subpoenas seeking their
  depositions – senior Alaskan legislators said Branchflower still
  intended to finish his report on the controversy by Oct. 10.

  The workers’ compensation issue is likely to be a major focus of
  Branchflower's report, according to state officials knowledgeable
  about the course of the investigation.

  Wilkes has a $1.2 million contract with the state to handle workers
  compensation claims. Her contract with the state was up but her firm
  was recently given a new contract--for $1.5 million--despite the fact
  that there were others who provided the state with a lower bid than
  Wilkes’s firm. One of the other applicants who submitted a lower bid
  has appealed the decision.

  Wilkes told Branchflower she believed it was impressed upon her from
  Palin's office that she would lose the contract if she did not deny
  the claim, state officials knowledgeable about her testimony said.

  Although Wooten did receive worker's compensation benefits for about
  three months, his claim was suddenly denied and he was forced to hire
  a lawyer and appeal the issue, which dragged on for more than six
  months. The adjuster who denied the benefits was Johanna Grasso, who
  used to be employed by Wilkes's firm. But it is unknown if the denial
  of Wooten's benefits was due to interference from Palin's office.

  According to John Cyr, the executive director of the Public Safety
  Employees Association, the union that represents Wooten and other
  state troopers, Wooten was approved for workers compensation benefits
  in January 2007. He filed for benefits due to a back injury he
  suffered when he pulled a dead body from a wrecked automobile and
  slipped on icy pavement.

  The same month Wooten started receiving workers compensation benefits,
  Todd Palin began following Wooten around “snapping pictures of him,”
  Cyr said.

  “Frank Bailey was getting people to say that [Wooten] was lying on his
  worker’s comp form,” Cyr said. “The governor’s family was following
  Mike around everywhere. They forwarded that information to the
  worker’s comp division.”

  Cyr said Wooten had been received his benefits checks totaling $11,000
  without any problems until “somewhere between the end of March and the
  first of April.”

  “Out of nowhere [Wooten’s] workers comp claim was contravened, which
  basically means he got a letter saying he wasn’t entitled to benefits
  anymore,” Cyr said in an interview. Documents show that a state lawyer
  intervened in the case. Wooten “hired an attorney and filed a
  counterclaim against the state. Eventually, in November 2007 there was
  a settlement. Part of that settlement included an operation on
  [Wooten’s] back in California. This was a serious injury and he was
  flat broke and had to file for bankruptcy 

Re: A debate ?moderator? in the tank for Obama

2008-10-01 Thread mike532 [ Republicans for Obama ]

are you trying to make some kind of point ?

On Oct 1, 6:13 am, Cold Water [EMAIL PROTECTED] wrote:
 A debate “moderator” in the tank for Obama

 My first syndicated column of the week, filed this afternoon, shines light on 
 PBS anchor Gwen Ifill, who will moderate Thursday’s only vice presidential 
 debate. Try as she might to deflect questions about her impartiality, her 
 biases — and her conflict of interest — are clear. But don’t you dare breathe 
 a word about any of this. You know what will happen if you do…

 RACIST!

 Sidenote: TVNewser reports that Ifill has broken her ankle, but she’s still 
 going to do the debate. But will she disclose her conflict of interest? 
 Inquiring minds want to know.

 Ask the Commission on Presidential Debates if she will acknowledge her 
 conflict of interest: 202-872-1020.

 And here’s the e-mail address of Janet H. Brown, Executive Director of the 
 Debates Commission: [EMAIL PROTECTED]

 Hopefully, their email system works better than the House.

 Tons of readers recommend that Sarah Palin open her debate remarks by 
 congratulating Ifill on her book and asking her to tell everyone the title.

 ***

 A debate “moderator” in the tank for Obama
 by Michelle Malkin
 Creators Syndicate
 Copyright 2008

 My dictionary defines “moderator” as “the nonpartisan presiding officer of a 
 town meeting.” On Thursday, PBS anchor Gwen Ifill will serve as moderator for 
 the first and only vice presidential debate. The stakes are high. The 
 Commission on Presidential Debates, with the assent of the two campaigns, 
 decided not to impose any guidelines on her duties or questions.

 But there is nothing “moderate” about where Ifill stands on Barack Obama. 
 She’s so far in the tank for the Democrat presidential candidate, her oxygen 
 delivery line is running out.

 In an imaginary world where liberal journalists are held to the same 
 standards as everyone else, Ifill would be required to make a full disclosure 
 at the start of the debate. She would be required to turn to the cameras and 
 tell the national audience that she has a book coming out on January 20, 2009 
 – a date that just happens to coincide with the inauguration of the next 
 president of the United States.

 The title of Ifill’s book? “Breakthrough: Politics and Race in the Age of 
 Obama.” Nonpartisan my foot.

 Ifill’s publisher, Random House, is already busy hyping the book with YouTube 
 clips of Ifill heaping praise on her subjects, including Obama and 
 Obama-endorsing Mass. Governor Deval Patrick. The official promo for the book 
 gushes:

   “In The Breakthrough, veteran journalist Gwen Ifill surveys the American 
 political landscape, shedding new light on the impact of Barack Obama’s 
 stunning presidential campaign and introducing the emerging young African 
 American politicians forging a bold new path to political power…Drawing on 
 interviews with power brokers like Senator Obama, former Secretary of State 
 Colin Powell, Vernon Jordan, the Reverend Jesse Jackson, and many others, as 
 well as her own razor-sharp observations and analysis of such issues as 
 generational conflict and the ‘black enough’ conundrum, Ifill shows why this 
 is a pivotal moment in American history.”

 Ifill and her publisher are banking on an Obama/Biden win to buoy her book 
 sales. The moderator expected to treat both sides fairly has grandiosely 
 declared this the “Age of Obama.” Can you imagine a right-leaning journalist 
 writing a book about the “stunning” McCain campaign and its “bold” path to 
 reform timed for release on Inauguration Day – and then expecting a slot as a 
 moderator for the nation’s sole vice presidential debate?

 Yeah, I just registered 6.4 on the Snicker Richter Scale, too.

 Despite the protestations of her colleagues that she will be fair, Ifill has 
 appeared on numerous radio and TV talk shows over the past several months to 
 cash in on her access to the Obama campaign. She recently penned a fawning 
 cover story on the Obamas for Essence magazine that earned much buzz. The 
 title? “The Obamas: Portrait of an American Family.” A sample of Ifill’s 
 hard-hitting investigative journalism, illustrated with Kennedyesque photos 
 of the Obamas and children posing at home on the backporch and by the piano:

   “Barack Obama is sitting in the back of his rented luxury campaign bus with 
 its granite counters and two flat-screen TVs. The Illinois senator’s arms are 
 wrapped around his wife, Michelle, whom he doesn’t get to see much these 
 days. At this very moment he is, of all things, singing.”

 During the Democratic National Convention, Ifill offered her neutral analysis 
 before Michelle Obama’s speech on NBC News: “A lot of people have never seen 
 anything that looks like a Michelle Obama before. She’s educated, she’s 
 beautiful, she’s tall, she tells you what she thinks and they hope that she 
 can tell a story about Barack Obama and about herself…”

 During the Republican 

Re: A debate ?moderator? in the tank for Obama

2008-10-01 Thread mark

anyone ever notice that all the moderators tend to be liberal obama
supporters?


On Oct 1, 6:43 am, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:
 are you trying to make some kind of point ?

 On Oct 1, 6:13 am, Cold Water [EMAIL PROTECTED] wrote:

  A debate “moderator” in the tank for Obama

  My first syndicated column of the week, filed this afternoon, shines light 
  on PBS anchor Gwen Ifill, who will moderate Thursday’s only vice 
  presidential debate. Try as she might to deflect questions about her 
  impartiality, her biases — and her conflict of interest — are clear. But 
  don’t you dare breathe a word about any of this. You know what will happen 
  if you do…

  RACIST!

  Sidenote: TVNewser reports that Ifill has broken her ankle, but she’s still 
  going to do the debate. But will she disclose her conflict of interest? 
  Inquiring minds want to know.

  Ask the Commission on Presidential Debates if she will acknowledge her 
  conflict of interest: 202-872-1020.

  And here’s the e-mail address of Janet H. Brown, Executive Director of the 
  Debates Commission: [EMAIL PROTECTED]

  Hopefully, their email system works better than the House.

  Tons of readers recommend that Sarah Palin open her debate remarks by 
  congratulating Ifill on her book and asking her to tell everyone the title.

  ***

  A debate “moderator” in the tank for Obama
  by Michelle Malkin
  Creators Syndicate
  Copyright 2008

  My dictionary defines “moderator” as “the nonpartisan presiding officer of 
  a town meeting.” On Thursday, PBS anchor Gwen Ifill will serve as moderator 
  for the first and only vice presidential debate. The stakes are high. The 
  Commission on Presidential Debates, with the assent of the two campaigns, 
  decided not to impose any guidelines on her duties or questions.

  But there is nothing “moderate” about where Ifill stands on Barack Obama. 
  She’s so far in the tank for the Democrat presidential candidate, her 
  oxygen delivery line is running out.

  In an imaginary world where liberal journalists are held to the same 
  standards as everyone else, Ifill would be required to make a full 
  disclosure at the start of the debate. She would be required to turn to the 
  cameras and tell the national audience that she has a book coming out on 
  January 20, 2009 – a date that just happens to coincide with the 
  inauguration of the next president of the United States.

  The title of Ifill’s book? “Breakthrough: Politics and Race in the Age of 
  Obama.” Nonpartisan my foot.

  Ifill’s publisher, Random House, is already busy hyping the book with 
  YouTube clips of Ifill heaping praise on her subjects, including Obama and 
  Obama-endorsing Mass. Governor Deval Patrick. The official promo for the 
  book gushes:

“In The Breakthrough, veteran journalist Gwen Ifill surveys the American 
  political landscape, shedding new light on the impact of Barack Obama’s 
  stunning presidential campaign and introducing the emerging young African 
  American politicians forging a bold new path to political power…Drawing on 
  interviews with power brokers like Senator Obama, former Secretary of State 
  Colin Powell, Vernon Jordan, the Reverend Jesse Jackson, and many others, 
  as well as her own razor-sharp observations and analysis of such issues as 
  generational conflict and the ‘black enough’ conundrum, Ifill shows why 
  this is a pivotal moment in American history.”

  Ifill and her publisher are banking on an Obama/Biden win to buoy her book 
  sales. The moderator expected to treat both sides fairly has grandiosely 
  declared this the “Age of Obama.” Can you imagine a right-leaning 
  journalist writing a book about the “stunning” McCain campaign and its 
  “bold” path to reform timed for release on Inauguration Day – and then 
  expecting a slot as a moderator for the nation’s sole vice presidential 
  debate?

  Yeah, I just registered 6.4 on the Snicker Richter Scale, too.

  Despite the protestations of her colleagues that she will be fair, Ifill 
  has appeared on numerous radio and TV talk shows over the past several 
  months to cash in on her access to the Obama campaign. She recently penned 
  a fawning cover story on the Obamas for Essence magazine that earned much 
  buzz. The title? “The Obamas: Portrait of an American Family.” A sample of 
  Ifill’s hard-hitting investigative journalism, illustrated with 
  Kennedyesque photos of the Obamas and children posing at home on the 
  backporch and by the piano:

“Barack Obama is sitting in the back of his rented luxury campaign bus 
  with its granite counters and two flat-screen TVs. The Illinois senator’s 
  arms are wrapped around his wife, Michelle, whom he doesn’t get to see much 
  these days. At this very moment he is, of all things, singing.”

  During the Democratic National Convention, Ifill offered her neutral 
  analysis before Michelle Obama’s speech on NBC News: “A lot of people have 
  never 

Re: US 'casino' mentality blamed for planet's meltdown

2008-10-01 Thread mike532 [ Republicans for Obama ]

the republican deregulating of the banking industry is what caused
this

On Oct 1, 6:02 am, Cold Water [EMAIL PROTECTED] wrote:
 US 'casino' mentality blamed for planet's meltdown
 By ALAN CLENDENNING – 12 hours ago

 SAO PAULO, Brazil (AP) — Astounded by the U.S. government's failure to 
 resolve the financial crisis threatening the foundations of the global free 
 market, fingers of blame are pointing at America from around the planet.

 Latin American leaders say the U.S. must quickly fix the financial crisis it 
 created before the rest of the world's hard-won economic gains are lost.

 The managers of big business took huge risks out of greed, said President 
 Oscar Arias of Costa Rica, whose economy is highly dependent on U.S. trade. 
 What happens in the United States will affect the entire world and, above 
 all, small countries like ours.

 In Europe, where some blame a phenomenon of casino capitalism that has 
 become deeply engrained from New York to London to Moscow, there is more of a 
 sense of shared responsibility. But Europeans also blame the U.S. government 
 for letting things get out of hand.

 Amid harsh criticism is a growing consensus that stricter financial 
 regulation is needed to prevent unfettered capitalism from destroying 
 economies around the globe.

 And leaders of developing nations that kept spending tight and opened their 
 economies in response to American demands are warning of other consequences — 
 a loss of U.S. influence globally and the likelihood that the world's poor 
 will suffer the most from greed by the biggest players in global finance.

 They spent the last three decades saying we needed to do our chores. They 
 didn't, a grim-faced Brazilian President Luiz Inacio Lula da Silva said 
 Tuesday.

 Even staunch U.S. allies like Colombian President Alvaro Uribe blasted the 
 world's most powerful country for egging on uncontrolled financial 
 speculation that he compared to a wild horse with no reins.

 The whole world has financed the United States, and I believe that they have 
 a reciprocal debt with the planet, he said.

 It's harder for European leaders to point the finger directly at the United 
 States since many of their financiers participated in the recklessness. 
 London was home to the division of failed insurer AIG that racked up huge 
 losses on credit-default swaps, and many reputable European banks disregarded 
 risk to load up on higher yielding subprime assets.

 But the House's rejection Monday of the U.S. bank bailout proposed by 
 Treasury Secretary Henry Paulson provoked a sharper tone and warnings that 
 America must act. Though global markets on Tuesday recovered some of the 
 ground they lost in a worldwide slide the day before, politicians from Europe 
 to South America insisted the risk of a further plunge remains high.

 German Chancellor Angela Merkel called on U.S. lawmakers to pass a package 
 this week, saying it was the precondition for creating new confidence on the 
 markets — and that is of incredibly great significance.

 In an unusually blunt statement from the 27-country European Union, EU 
 Commission spokesman Johannes Laitenberger said: The United States must take 
 its responsibility in this situation, must show statesmanship for the sake of 
 their own country, and for the sake of the world.

 The crisis also has strengthened voices in France and Germany calling for EU 
 regulations to eliminate highly deregulated financial markets, despite 
 objections from Britain, which along with the U.S. is considered by some to 
 practice a freer form of Anglo-Saxon capitalism.

 This crisis underlines the excesses and uncertainties of a casino capitalism 
 that has only one logic — lining your pockets, said German lawmaker Martin 
 Schulz, chairman of the Socialists in the EU assembly. It also shows the 
 bankruptcy of 'law of the jungle' capitalism that no longer invests in 
 companies and job creation, but instead makes money out of money in a totally 
 uncontrolled way.

 The U.S. government's failure to apply rules that might have prevented the 
 crisis is seen as a betrayal in many developing countries that faced intense 
 U.S. pressures to liberalize their economies. In some developing nations, 
 state enterprises were privatized, currencies were allowed to float against 
 the U.S. dollar and painful measures were taken to bring down debts.

 These advances are at risk now that credit is drying up. Countries with 
 commodities-based economies are particularly vulnerable since more 
 industrialized nations could reduce their demand for everything from soy to 
 iron ore.

 It doesn't seem fair to me that those of us who endured so much hunger in 
 the 20th century, who began to improve in the 21st century, should have to 
 suffer due to the international financial system, Silva said. There are 
 going to be a lot of people going hungry in the world.

 Just before meeting with Silva on Tuesday, Venezuelan leader Hugo 

Re: The Gratitude Campaign

2008-10-01 Thread mike532 [ Republicans for Obama ]

the greatest way to show gratitude for our returning troops is to
fully fund the VA and vote out of office any politician who supported
bush !

On Sep 30, 6:38 pm, wncs [EMAIL PROTECTED] wrote:
 This is pretty neat.(30 second video)... Have you ever seen one of
 our military walking past you and wanted to convey to them your
 thanks, but weren't sure how or it felt awkward?

 Recently, a gentleman from Seattle created a gesture which could be
 used and has started a massive movement to get the word out.

 Please everybody take just a moment to watch... . The Gratitude
 Campaign and then forward it to your friends!

 http://www.gratitudecampaign.org:80/shortmovie.php
--~--~-~--~~~---~--~~
Thanks for being part of PoliticalForum at Google Groups.
For options  help see http://groups.google.com/group/PoliticalForum

* Visit our other community at http://www.PoliticalForum.com/  
* It's active and moderated. Register and vote in our polls. 
* Read the latest breaking news, and more.
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Re: US 'casino' mentality blamed for planet's meltdown

2008-10-01 Thread margareth

The rest of the world would be best served if  they engage in the
process of  disentangling their economies from the US for the next few
years. With the bank melt down, the American consumer will be
restricted...if they don't cut up their credit cards on their own, the
credit card companies will demand their return.  This would be a good
thing for many countries in the long run,,, they will be forced to
build their self reliance, and their culture. They will also have an
opportunity to develop trading relationships in other areas of the
world. If they develop on the basis of a level playing field. that
would be something to celebrate.

On Oct 1, 6:58 am, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:
 the republican deregulating of the banking industry is what caused
 this

 On Oct 1, 6:02 am, Cold Water [EMAIL PROTECTED] wrote:



  US 'casino' mentality blamed for planet's meltdown
  By ALAN CLENDENNING – 12 hours ago

  SAO PAULO, Brazil (AP) — Astounded by the U.S. government's failure to 
  resolve the financial crisis threatening the foundations of the global free 
  market, fingers of blame are pointing at America from around the planet.

  Latin American leaders say the U.S. must quickly fix the financial crisis 
  it created before the rest of the world's hard-won economic gains are lost.

  The managers of big business took huge risks out of greed, said President 
  Oscar Arias of Costa Rica, whose economy is highly dependent on U.S. trade. 
  What happens in the United States will affect the entire world and, above 
  all, small countries like ours.

  In Europe, where some blame a phenomenon of casino capitalism that has 
  become deeply engrained from New York to London to Moscow, there is more of 
  a sense of shared responsibility. But Europeans also blame the U.S. 
  government for letting things get out of hand.

  Amid harsh criticism is a growing consensus that stricter financial 
  regulation is needed to prevent unfettered capitalism from destroying 
  economies around the globe.

  And leaders of developing nations that kept spending tight and opened their 
  economies in response to American demands are warning of other consequences 
  — a loss of U.S. influence globally and the likelihood that the world's 
  poor will suffer the most from greed by the biggest players in global 
  finance.

  They spent the last three decades saying we needed to do our chores. They 
  didn't, a grim-faced Brazilian President Luiz Inacio Lula da Silva said 
  Tuesday.

  Even staunch U.S. allies like Colombian President Alvaro Uribe blasted the 
  world's most powerful country for egging on uncontrolled financial 
  speculation that he compared to a wild horse with no reins.

  The whole world has financed the United States, and I believe that they 
  have a reciprocal debt with the planet, he said.

  It's harder for European leaders to point the finger directly at the United 
  States since many of their financiers participated in the recklessness. 
  London was home to the division of failed insurer AIG that racked up huge 
  losses on credit-default swaps, and many reputable European banks 
  disregarded risk to load up on higher yielding subprime assets.

  But the House's rejection Monday of the U.S. bank bailout proposed by 
  Treasury Secretary Henry Paulson provoked a sharper tone and warnings that 
  America must act. Though global markets on Tuesday recovered some of the 
  ground they lost in a worldwide slide the day before, politicians from 
  Europe to South America insisted the risk of a further plunge remains high.

  German Chancellor Angela Merkel called on U.S. lawmakers to pass a package 
  this week, saying it was the precondition for creating new confidence on 
  the markets — and that is of incredibly great significance.

  In an unusually blunt statement from the 27-country European Union, EU 
  Commission spokesman Johannes Laitenberger said: The United States must 
  take its responsibility in this situation, must show statesmanship for the 
  sake of their own country, and for the sake of the world.

  The crisis also has strengthened voices in France and Germany calling for 
  EU regulations to eliminate highly deregulated financial markets, despite 
  objections from Britain, which along with the U.S. is considered by some to 
  practice a freer form of Anglo-Saxon capitalism.

  This crisis underlines the excesses and uncertainties of a casino 
  capitalism that has only one logic — lining your pockets, said German 
  lawmaker Martin Schulz, chairman of the Socialists in the EU assembly. It 
  also shows the bankruptcy of 'law of the jungle' capitalism that no longer 
  invests in companies and job creation, but instead makes money out of money 
  in a totally uncontrolled way.

  The U.S. government's failure to apply rules that might have prevented the 
  crisis is seen as a betrayal in many developing countries that faced 
  intense U.S. pressures to 

OBAMA and DEMS are a POWERFUL FORCE IN NEVADA--Will Nevada Go Blue in November?

2008-10-01 Thread PoliticalAmazon

Thanks to Obama's incredible community organizing skills, and the fact
that even stalwart red states are READY FOR CHANGE, it looks likely
that Obama will win Nevada.

Democratic Party registration is now 76,000 more registered voters; in
2004, there were more Republicans than Democrats.  Bush won by 21,000
votes.  All Obama has to do is keep the  Dem votes from the last
election and get a third of the newly registered Democrats, and Nevada
will vote BLUE in the presidential race this year!

Oh, and John McCain?  He's been running around like a chicken with his
head cut off, flitting here, flitting there, with little in the way of
apparent strategy or plan, and certainly not the ability to get things
done like Obama can.

Oh, and McCain chose Sarah Palin as his VP, which is his worst
decision on the most important decision he will make in the most
important political race of his lifetime.

---


(BEGIN QUOTE)

http://www.latimes.com/news/printedition/asection/la-na-nevada30-2008sep30,0,342781.story
From the Los Angeles Times

CAMPAIGN '08

In Nevada, Democrats are on a roll
Obama has built one of the most formidable political operations the
state has ever seen, and party registration is up. Even so, the
presidential race there remains a dead heat.

By Mark Z. Barabak
Los Angeles Times Staff Writer

September 30, 2008

RENO — By just about any measure, now is a fine time to be a Democrat
in Nevada.

Barack Obama has built one of the most formidable political operations
the state has ever seen. Party registration is soaring. The Republican
governor, Jim Gibbons, may be the most unpopular state executive in
the country.

The economy, which thrived for decades, is in frightfully poor shape
-- for months Nevada has led the nation in home foreclosures, and
unemployment stands at a 23-year high -- handing Democrats a bludgeon
with which to pound the GOP.

For all of that, however, the state's presidential race is a dead
heat, making Nevada one of a dozen or so states that could decide the
contest between Sen. John McCain and the senator from Illinois.

The numbers are going Obama's way. There are 76,000 more registered
Democrats than Republicans statewide, and the party has posted big
gains in the Las Vegas and Reno areas, where most voters reside. Four
years ago, registration tilted Republican, and President Bush won
Nevada by 21,500 votes.

All Obama needs is to get a third of those new Democrats and those
numbers turn around, said Eric Herzik, who teaches political science
at the University of Nevada, Reno.

But the numbers tell only part of the story in the nation's
westernmost battleground.

Nevada is a state with a broad libertarian streak, an aversion to
taxes, affection for guns and open contempt for its major landlord,
the federal government, which controls 90% of state land. All of that
makes it tough for a Democrat to compete statewide -- even one who
isn't black and with an odd-sounding name.

Given those pluses and minuses, there may be no better test of Obama's
campaign strategy than here in Nevada, a state that has gone with the
winner in all but two presidential elections over the last century.

To win the White House, Obama hopes to dramatically boost the number
of voters in November, pulling in casual participants as well as those
-- particularly young people -- who have never cast a presidential
ballot.

It is a calculated risk; one advantage for McCain, here and elsewhere,
is that Republicans tend to be much more certain to show up on
election day.

Democrats have done a tremendous job increasing registration, said
Chuck Muth, a GOP strategist in Carson City. The big question is
whether they'll be able to turn those people out.

The answer could depend on people like Lori O'Neil. The 52-year-old
single mother earns minimum wage overseeing housekeeping at Elko's
Motel 6. She skipped the last two presidential elections but has
registered this time to vote for Obama. The economy -- tough
times . . . rough for everybody, she said -- was a big reason.

Food. Gas. Everything goes up, and it just gets harder and harder
every day, O'Neil said, leaning over a wooden barricade at an Obama
rally this month in Elko. The Democrat, she said, seems to be for us
poor people out there.

To ensure that O'Neil and others like her make it to the polls, the
Obama campaign has built perhaps the largest turnout operation in
Nevada history. In the past, Democrats tended to rely on organized
labor to handle their grass-roots and get-out-the-vote efforts. That
worked well in Las Vegas and Clark County, where building trades and
the Culinary Union, representing tens of thousands of casino workers,
enjoy considerable clout.

But Republicans often made up the difference by winning handily in
Washoe County, which includes Reno, and swamping the Democrats in
Nevada's 15 other counties, known collectively as the rurals. Bush
carried some of those counties by 3 to 1 or better in 2000 and 2004.

This 

Re: This week is going to be a Test in the Markets...

2008-10-01 Thread margareth

Many people who do not own stock directly, do have some kind of
pension plan for their old age. Some of these plans, unless carefully
regulated have been buying stocks for years. Many years. This has been
a good thing for the last (almost) thirty years because the funds have
been allowed to grow on behalf of their owners.  Capital gains are
another matter, If capital losses are also factored into the equation.
there are quite a few traders who can expect a tax break. It is  the
whole picture that matters.  The other trick is to hang on, hopefully
I can reduce my expenses, and possibly my standard of living so that
the losses of the last few weeks will not be made permanent.
At the time of retirement, it is important to have an accurate forcast
of expenses, and of what goods are necessary, and what is
discretionary. Some expenses will disappear, e'g. commuting expenses.
Once the mileage is reduced, most insurance companies reduce their
premiums.. so tell your agent quickly. Of course if you walk for
excercise, you might also pick up a few groceries at the same time.
What becomes possible at that point, is that your income can be
minimized, and thus your exposure to tax.  I have done sufficiently
well at controlling my personal expense collumn, that I have little
need to go to my savings, but I ;have so far been able continue to
contribute to my retirement savings.  What a retiree may have more of
is the time to do things for themselves.  There was some effort at
developing income trusts in Canada, but that was a politicians broken
promise...that won't soon be forgotten.

On Oct 1, 5:00 am, rigsy03 [EMAIL PROTECTED] wrote:
 Capital gains penalities are just that- you pay when you inherit- pay
 when you sell- pay when you make a profit. So some sit on land and
 valuables and there is no action. In the meantime, inflation and the
 Antiques Roadshow soars the supposed value. Look at your property
 taxes! Then remind yourself that you accepted being entrapped by an
 effete system.//If banks think so little of savings rewards and so
 much of debt interest, why should we care if they fail?// If Wall
 Street rewards speculators instead of investors, do we really admire
 this system?

 On Sep 29, 7:58 pm, Jim Willis [EMAIL PROTECTED]
 wrote:



  As much as I hate to, I have to disagree with you Garr. If we do
  nothing we will face a 18 month recession. If we bail out Wall Street
  and support the behavior that got us here, we will suffer a TEN YEAR
  DEPRESSION. Government can play a role however. They could cut capital
  gains taxes to zero and follow that with a cut or removal of corporate
  tax rates. This would infuse trillions of dollars into the markets and
  make this a private bailout. What must be remembered is how we got
  here, a subject that no one has addressed. Freddie and Fannie,
  conjoined with the democrats. Someone needs to go to jail and the best
  place to start is Cristopher Dodd and Barney Frank.

  On Sep 29, 7:44 pm, Gaar [EMAIL PROTECTED] wrote:

   If we do nothing the average American will suffer, regardless if they
   had anything to do with it or not...

   On Sep 29, 5:36 pm, SgtUSMC [EMAIL PROTECTED] wrote:

I really don't give a damn about you or the guy next door. I believe
in the constitution. You take your Bush bailout if you want it. When
the economy fails, I'll be here, eating squirrel, 'possum, and 'coon
with Travis.

I'd like to know when you started supporting the Dems. I wouldn't
assume you knew this was a Bush bailout.

I'm not surprised to find that, even when I oppose the Dems, we are
still have opposing views. I stand for the country without regard to
party. You stand with the Dems only because they want to pass the Bush/
Paulson plan.

On Sep 29, 8:07 pm, Gaar [EMAIL PROTECTED] wrote:

 Nearly 2/3 of All American own Stocks...

 I guess you believe the guy next door is an Elitist.

 On Sep 29, 4:52 pm, SgtUSMC [EMAIL PROTECTED] wrote:

  Who gives a shit about the elite markets. What about the average
  American?

  On Sep 29, 3:49 pm, Gaar [EMAIL PROTECTED] wrote:

   WIth the Jewish Holiday, we are not likely to see any Legislation
   until the end of the week.

   This is going to show us just how strong our Markets/Economy truly
   is...- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -- Hide quoted text -

- Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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For options  help see http://groups.google.com/group/PoliticalForum

* Visit our other community at http://www.PoliticalForum.com/  
* It's active and moderated. Register and vote in our polls. 
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Re: The Gratitude Campaign

2008-10-01 Thread Running

Hi wncs - hope you're feelin' fine  :)

On Oct 1, 9:02 am, wncs [EMAIL PROTECTED] wrote:
 {{{Running!!}}}

 On Oct 1, 8:25 am, Running [EMAIL PROTECTED] wrote:

  very cool, thank you

  On Sep 30, 6:38 pm, wncs [EMAIL PROTECTED] wrote:

   This is pretty neat.(30 second video)... Have you ever seen one of
   our military walking past you and wanted to convey to them your
   thanks, but weren't sure how or it felt awkward?

   Recently, a gentleman from Seattle created a gesture which could be
   used and has started a massive movement to get the word out.

   Please everybody take just a moment to watch... . The Gratitude
   Campaign and then forward it to your friends!

  http://www.gratitudecampaign.org:80/shortmovie.php-Hide quoted text -

  - Show quoted text -
--~--~-~--~~~---~--~~
Thanks for being part of PoliticalForum at Google Groups.
For options  help see http://groups.google.com/group/PoliticalForum

* Visit our other community at http://www.PoliticalForum.com/  
* It's active and moderated. Register and vote in our polls. 
* Read the latest breaking news, and more.
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John McCain Rewrites Alaska's History for Alaskan (P.S. I just call it lying)

2008-10-01 Thread PoliticalAmazon

The following is a commentary by Les Gara (Alaska Rep.) about the flat-
out LIES the McCain has spoon-fed it's gullible supporters about Sarah
Palin's history in Alaska.

For you fiscal conservatives you may like this:  Even after all of
Palin's vetoes (for things like the WIC program), State spending has
been up 20% since she took office.

Hmmm...didn't she say she had CUT SPENDING?

--

Over the past few weeks we Alaskans have been scratching our heads
over the interesting claims the McCain campaign has made about our
Governor.  A lot of them have been news to us.  Governor Palin’s
nomination to the McCain ticket has created unusual common ground for
Alaskans.  Whether we support her or not, we’ve been furrowing our
eyebrows a lot lately as we watch the McCain campaign re-write Alaska
history.



As a legislator who’s both agreed and disagreed with
Governor Palin, I know some of her positions are difficult to sell.
Some are not.  But to avoid that whole messy thing of explaining
controversial positions, the spin doctors running the McCain campaign
are doing what got George Bush elected.  Many campaigns spin in the
gray areas, where the truth isn’t clear.  But the McCain campaign’s
taken a page from Karl Rove, and decided to spin past the margins.
They’re pitching the verifiably false as true.



During the August Republican National Convention, Alaskans
heard for the first time that our Governor opposed a national symbol
of federal pork, what folks in the Lower 48 call the “Bridges to
Nowhere.”   We didn’t know that.  In her 2006 Governor’s campaign,
when her opponents took the risk of telling boomers these two bridges
might be too expensive – candidate Palin said she supported them – and
said she’d work to get more Congressional money for them.



Now the campaign has a new line, that Governor Palin “told
Congress thanks, but no thanks” for this money.  That’s a problem.
See, she never could have said that.  Congress debated our Alaska’s
request for $400 million in bridge money in 2004 and 2005, before
Palin was elected Governor.   A national outcry against these
projects, at a time when a Republican Congress was pushing pork over
effective relief for Hurricane Katrina’s victims, forced Congress to
re-write this earmark.  Alaska ultimately got the money in 2005, but
the Congressional language requiring that we spend it on these bridges
was deleted.  We said thank you.  Governor Palin never opposed this
funding.  She never offered to return it when she took office in
2007.



Then there’s the claim by Senator McCain that our Governor
has been a “maverick” fighting federal earmarks.  We didn’t know that
either.  Alaska takes more federal earmarks per capita than any state
in the country.  Governor Palin asks for them.  She, like her
predecessors, happily accepts them.  Alaska’s budget contains hundreds
of millions in earmark dollars.  Alaska politicians love earmarks, and
campaign on their ability to get them.



We also heard at the Convention that Governor Palin’s been
a budget cutter.  But in Governor Palin’s two years as Governor state
spending has gone up by 20%.  She did veto projects, and I supported
those vetoes.  But after vetoes, there’s still been a 20% budget
hike.   Depending on your views, a 20% spending increase might be
defensible.  It’s not defensible to make people believe you cut the
budget when you didn’t.



Here’s what else I know about my state.  We have the third
worst children’s health insurance program in the nation.  The Governor
wouldn’t support cost-effective measures to extend insurance to the
10,000 children of Alaskan working parents who cannot afford
coverage.  She campaigned against a recent proposal to prevent large
strip mines from spilling toxic chemicals into Alaska’s salmon waters
– something that’s raised the ire of fishermen and Alaska Natives in
remote Southwest Alaska communities.  Thirty-five to forty percent of
our kids don’t graduate from high school, and we can’t convince
Governor Palin to join the 41 other states that have accepted the
science showing statewide pre-k education helps kids succeed when they
don’t have other good options at home.



There are a lot of important issues to discuss this
campaign.  They should be debated honestly.  So far, as Senator
McCain’s joined Barack Obama’s call for change, he’s only succeeded at
changing the truth.

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PALIN lies to COURIC! Palin has no role in guarding U.S. airspace

2008-10-01 Thread PoliticalAmazon

LOL, she makes Bill Clinton with the chance of getting a blow job look
downright honest.



http://www.nydailynews.com/news/politics/2008/09/30/2008-09-30_norad_sarah_palin_has_no_role_in_guardin.html

NORAD: Sarah Palin has no role in guarding U.S. airspace despite
claims in Katie Couric interview
BY JAMES GORDON MEEK
DAILY NEWS WASHINGTON BUREAU

Tuesday, September 30th 2008, 5:21 PM


Alaska Gov. Sarah Palin talks to CBS news anchor Katie Couric in their
interview last Wednesday.

WASHINGTON - When Russian bombers approach American airspace  and U.S.
Air Force fighters are scrambled, Sarah Palin's phone doesn't ring.

The Alaska governor has no command authority over the guardians of
U.S. airspace despite her recent suggestion otherwise.

She doesn't have any role in that process, Air Force Maj. Allen
Herritage, spokesman for the Alaska North American Aerospace Defense
Command, told the Daily News.

The authority to launch and respond to a Russian incursion lies with
the Alaska NORAD Region commander - Air Force Lt. Gen. Dana Atkins,
he said.

Palin said last week that her foreign policy experience includes
facing the Russians.

It's very important when you consider even national security issues
with Russia, as Putin rears his head and comes into the airspace of
the United States of America - where do they go? It's Alaska, Palin
told CBS' Katie Couric.

It is from Alaska that we send those out to make sure that an eye is
being kept on this very powerful nation, she said.

Moscow's  bombers have skirted Alaskan airspace 20 times, thugh they
have not violated it, during Palin's governorship,  officials said.

When  F-15 and F-22 interceptors scrambled from Elmendorf Air Force
Base in Anchorage in response, John McCain's running mate was not
speed-dialed with the news.

The commander does not call the governor, Herritage said.

Steven Biegun, a McCain foreign policy adviser, said Palin is informed
of the fly-bys by her National Guard commander.

The Alaska Air Guard, which Palin oversees, performs airspace-watching
missions only under NORAD command, and does not fly interception
sorties.

Palin did get an annual Air Force briefing  in February.

She asked a lot of questions and seemed generally curious, recalled
Herritage, who was there. She was very interested in Russian long-
range aviation.
(END OF QUOTE)
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Re: why is barry so scared?

2008-10-01 Thread Travis
All of the above.

On Wed, Oct 1, 2008 at 5:43 AM, mark [EMAIL PROTECTED] wrote:


 why did barry turn down McCains plan to meet every week in front of
 real people, asking the two of them real questions?
 could it be barry needs his teleprompter in order to sound
 intelligent?
 could it be that he needs to know the questions ahead of time in order
 to sound intelligent?
 could it be he is afraid the people would really see what an empty
 suit is really is?
 



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5 Murder Capitals of the World

2008-10-01 Thread Travis
From: *Travis*
Date: Tue, Sep 30, 2008
Subject:  5 Murder Capitals of the World





http://www.foreignpolicy.com/story/cms.php?story_id=4480
http://www.foreignpolicy.com/story/cms.php?story_id=4480

Reliable global crime statistics are hard to come by, but here are five
cities that stand in a class all their own when it comes to brutal,
homicidal violence.

Caracas, Venezuela

Population: 3.2 million

Murder rate: 130 per 100,000 residents (official)

What's happening: The capital of Chávez country, Caracas has become far more
dangerous in recent years than any South American city, even beating out the
once notorious Bogotá. What's worse, the city's official homicide statistics
likely fall short of the mark because they omit prison-related murders as
well as deaths that the state never gets around to properly categorizing.
The numbers also don't count those who died while resisting arrest,
suggesting that Caracas's cops—already known for their brutality against
student protesters—might be cooking the books. Many have pointed the finger
at El Presidente, whose government has failed to tackle the country's rising
rates of violent crime. In fact, since Chávez took over in 1998, Venezuela's
official homicide rate has climbed 67 percent—mostly due to increased drug
and gang violence. Ramón Rodríguez Chacín, who recently resigned as interior
minister, claimed in July that homicide has dropped 27 percent since
January—but experts say he's just playing with numbers. As for Caracas, some
speculate that its murder rate is closer to 160 per 100,000.
PIETER BAUERMEISTER/AFP/Getty Images

Cape Town, South Africa

Population: 3.5 million

Murder rate: 62 per 100,000 inhabitants

What's happening: A European bastion in the heart of turbulent South Africa,
picturesque Cape Town nonetheless has the country's highest murder rate. The
city's homicides usually take place in suburban townships rather than in the
more upscale urban areas where tourists visit. According to the South
African Police Service, most of the Cape Town area's violent crimes happen
between people who know one another, including a horrific case last year in
which four males doused a female friend in gasoline and lit her on fire.
Occurring just outside city limits, the incident apparently happened after
the assailants had taken hard drugs, the use of which has risen along with
Cape Town's violent crime rate. The whopping 12.7 percent rise in the city's
murder rate from 2006 to 2007 certainly has local politicians worried,
especially as South Africa prepares to host the 2010 World Cup. The
government has hired more police officers to prepare for the tournament,
which could help cut crime in soccer-fan hot spots. But until better efforts
are made to police Cape Town's poverty-stricken townships, it's unlikely
that the murder rate—an average of 5.9 per day—will see any major drop.
MARIO TAMA/Getty Images News

New Orleans, United States

Population: 220,614 to 312,000 (2007); estimates vary due to displacement of
people after Hurricane Katrina in 2005.

Murder rate: Estimates range from 67 (New Orleans Police Department) to 95
(Federal Bureau of Investigation) per 100,000

What's happening: With its grinding poverty, an inadequate school system, a
prevalence of public housing, and a high incarceration rate, the Big Easy
has long been plagued with a high rate of violent crime. Katrina didn't
help. Since the hurricane struck in 2005, drug dealers have been fighting
over a smaller group of users, leading to many killings. On just one
four-block stretch of Josephine Street, in the city center, four people were
murdered in 2007 and 15 people shot, including a double homicide on
Christmas day. A precise murder rate is hard to pinpoint because the
population is swelling quickly, approaching its pre-Katrina numbers. Whether
you use New Orleans's own figures or the FBI's, however, the city remains
the most deadly in the United States, easily surpassing Detroit and
Baltimore with 46 and 45 murders per 100,000 people, respectively.
ALEXEY KONDRASHKIN/AFP/Getty Images

Moscow, Russia

Population: 10.4 million

Murder rate: 9.6 per 100,000 (estimate)

What's happening: Moscow's murder rate is nothing compared with that of
Caracas or Cape Town, but the city still ranks way above other major
European capitals. London, Paris, Rome, and Madrid, for instance, all had
rates below 2 murders per 100,000 in 2006. The Russian capital's homicide
rate is down 15 percent this year from last, but the recent surge in hate
crimes—including the deadly beating of a Tajik carpenter by a gang of youths
on Valentine's Day—suggests that the lull might be temporary. Sixty
ethnically motivated killings have already happened this year, part of a
sixfold increase in hate crimes committed in the city during 2007. Several
of the murders have been attributed to ultranationalist skinhead groups like
the Spas, who killed 11 people in a 2006 bombing of a multiethnic market
in northern Moscow. The 

Mysterious Mr. Obama Admits He Was Dual Citizen

2008-10-01 Thread Travis
From: *Travis*
Date: Tue, Sep 30, 2008
Subject:  Mysterious Mr. Obama Admits He Was Dual Citizen





http://www.israpundit.com/2008/?p=3269

 Mysterious Mr. Obama Admits He Was Dual Citizen

By Harold Hoffman, Britannia Radio

Democratic Presidential candidate (of constant change) Barack Hussein Obama
has admitted that he was born a dual citizen–of the United States and Kenya.
He says his Kenyan citizenship automatically expired in August 1982. Click
here for the story.

( see this interpretationArticle II Requires that one be a Natural Born
Citizen, and in terms of the Law as understood by the Framers, *anyone with
Dual Citizenship could not be Natural Born*. It does not matter that they
no longer hold that Citizenship, they fall into the same bracket as a
Naturalized Citizen because they have/had Divided Allegiance.)

But Obama has yet to address another question: was he a triple citizen–of
the United States, Kenya, and Indonesia? More important, is he still a dual
US and Indonesian citizen?

Obama's Indonesian stepfather, Lolo Soetoro, registered Obama for school in
Indonesia, the world's most populous Muslim country, under the name Barry
Soetoro, and listed his religion as Muslim and his citizenship as
Indonesian, according to an apparently authentic registration certificate.

In addition, there are credible reports that Obama may have used a foreign
passport to travel to and from Pakistan and between Pakistan and India
during a mysterious trip he made in 1981 with his Pakistani roommate after
transferring to Columbia University from Occidental College–one year before
his Kenyan citizenship supposedly expired. Obama could have used a Kenyan
passport or an Indonesian one.

Indonesia is a hotbed of Muslim separatism and Islamist terrorism. It is
inconceivable that a US President and Commander-in-Chief could also be an
Indonesian citizen–or any kind of dual citizen, for that matter.

UPDATE: Did the dual citizenship issue distract and weaken Obama before the
Presidential debate Friday night? Some veteran Democrats wonder. Their
candidate seemed tired and defensive, as if he had just been hit by bad
news.

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Re: Bostonians Calling For Barney Frank's Head

2008-10-01 Thread Travis
Lard-ass Frank is an excellent example of why we need term limits on the
bastards.

On Wed, Oct 1, 2008 at 2:20 AM, d.b.baker [EMAIL PROTECTED] wrote:


 Little by little, the truth is leaking out:

 [Q] - When it comes to the Wall Street meltdown, Rep. Barney Frank is
 considered the engineer of the financial train wreck, a
 bostonherald.com instant poll shows.

 Frank (D-Newton), chairman of the House Financial Services panel, is
 plastered with blame even more so than President Bush or former fed
 chief Alan Greenspan.

 Some readers argue all you have to do is click over to YouTube and
 listen to Frank, in the fall of 2003, swear Fannie and Freddie (are)
 not in a crisis! and are fundamentally sound financially.

 Whoops, guess not.

 Fannie Mae and Freddie Mac have been taken over by the government and
 are under a grand jury investigation.

 More than 5,000 responders to a bostonherald.com poll posted mid-day
 yesterday are calling for heads to roll: -
 http://www.bostonherald.com/news/2008/view.bg?articleid=1122387


 



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Re: Bostonians Calling For Barney Frank's Head

2008-10-01 Thread Cold Water
Amen to that Travis!  Before anyone believes anything coming from BF's mouth we 
must remember what also goes in his mouth. ; - )

CW
I like to call Barry this:   Barf  Ovomit.




- Original Message - 
From: Travis 
To: PoliticalForum@googlegroups.com 
Sent: Wednesday, October 01, 2008 9:31 AM
Subject: Re: Bostonians Calling For Barney Frank's Head


Lard-ass Frank is an excellent example of why we need term limits on the 
bastards.


On Wed, Oct 1, 2008 at 2:20 AM, d.b.baker [EMAIL PROTECTED] wrote:


  Little by little, the truth is leaking out:

  [Q] - When it comes to the Wall Street meltdown, Rep. Barney Frank is
  considered the engineer of the financial train wreck, a
  bostonherald.com instant poll shows.

  Frank (D-Newton), chairman of the House Financial Services panel, is
  plastered with blame even more so than President Bush or former fed
  chief Alan Greenspan.

  Some readers argue all you have to do is click over to YouTube and
  listen to Frank, in the fall of 2003, swear Fannie and Freddie (are)
  not in a crisis! and are fundamentally sound financially.

  Whoops, guess not.

  Fannie Mae and Freddie Mac have been taken over by the government and
  are under a grand jury investigation.

  More than 5,000 responders to a bostonherald.com poll posted mid-day
  yesterday are calling for heads to roll: -
  http://www.bostonherald.com/news/2008/view.bg?articleid=1122387

  


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Re: Bostonians Calling For Barney Frank's Head

2008-10-01 Thread Travis
CW:  I was in DC when his boy friend was running his call-boy service out of
Frank's home.

On Wed, Oct 1, 2008 at 8:38 AM, Cold Water [EMAIL PROTECTED] wrote:

  *Amen to that Travis!  Before anyone believes anything coming from BF's
 mouth we must remember what also goes in his mouth. ; - )*
 **
 *CW*
 *I like to call Barry this:   Barf  Ovomit.*
   **
 **
 **
 - Original Message - *From:* Travis [EMAIL PROTECTED]
 *To:* PoliticalForum@googlegroups.com
 *Sent:* Wednesday, October 01, 2008 9:31 AM
 *Subject:* Re: Bostonians Calling For Barney Frank's Head

 Lard-ass Frank is an excellent example of why we need term limits on the
 bastards.

 On Wed, Oct 1, 2008 at 2:20 AM, d.b.baker [EMAIL PROTECTED] wrote:


 Little by little, the truth is leaking out:

 [Q] - When it comes to the Wall Street meltdown, Rep. Barney Frank is
 considered the engineer of the financial train wreck, a
 bostonherald.com instant poll shows.

 Frank (D-Newton), chairman of the House Financial Services panel, is
 plastered with blame even more so than President Bush or former fed
 chief Alan Greenspan.

 Some readers argue all you have to do is click over to YouTube and
 listen to Frank, in the fall of 2003, swear Fannie and Freddie (are)
 not in a crisis! and are fundamentally sound financially.

 Whoops, guess not.

 Fannie Mae and Freddie Mac have been taken over by the government and
 are under a grand jury investigation.

 More than 5,000 responders to a bostonherald.com poll posted mid-day
 yesterday are calling for heads to roll: -
 http://www.bostonherald.com/news/2008/view.bg?articleid=1122387

 



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Obama Justifies Terrorists

2008-10-01 Thread Travis
From: *Travis*
Date: Tue, Sep 30, 2008
Subject:  Obama Justifies Terrorists


   http://www.familysecuritymatters.org/publications/id.1308/pub_detail.asp


September 29, 2008
Exclusive: Sen. Obama Says Hamas and Hezbollah Have 'Legitimate Claims'

Nicholas 
Guarigliahttp://www.familysecuritymatters.org/authors/id.60/author_detail.asp

Sen. Obama's former top foreign affairs advisor, Robert Malley, recently had
to resign his role in the Obama campaign due to holding meetings with the
Palestinian terrorist group Hamas. Mr. Malley's favorable views of Hamas
have been widely known for years. Malley had written extensively, sometimes
co-writing articles with the late Yasser Arafat's advisor Hussein Agha,
blaming Israel, not Arafat, for the failure of the Camp David talks.

Had Malley's views on (and meetings with) Hamas not been unveiled, who knows
where Mr. Malley would have ended up in a potential Obama administration?
Perhaps he would have been the Secretary of State. This is a sad and
frightening possibility, or probability, because Sen. Obama is the
least-vetted man in U.S. political history.

Nobody likes gotcha! politics. Both Sen. McCain and Sen. Obama have made
serious gaffes during the course of this election, which began earlier and
has lasted longer than any other election in American history. Both men are
being recorded and watched at all times, and they're human. Missteps and
goof-ups are to be expected. Just ask Joe Biden.

But this issue is different. In a *New York Times* article, written by David
Brooks on May 16th of this year, Sen. Obama made a very revealing admission
that has gone overlooked by the mainstream press. The article, entitled
Obama Admires Bush, focused on Sen. Obama's views regarding the Middle
East. The Bush in question was George H.W. Bush, the senior, and
throughout the interview Obama displays his affection for old-school James
Baker/Brent Scowcroft foreign policy realism.

About midway through the interview, however, the man who wants to be
President of the United States gave a whopper of a quote. In Brooks' words:

The U.S. needs a foreign policy that looks at the root causes of problems
and dangers. Obama compared Hezbollah to Hamas. Both need to be compelled
to understand that they're going down a blind alley with violence *that
weakens their legitimate claims* (emphasis mine).

Why has no one to date has asked the would-be Commander-in-Chief what he
means by legitimate claims? Certainly there is a large distinction to be
made between Palestinian and Lebanese innocents vs. the terrible Hamas and
Hezbollah organizations. The former have aspirations which, if addressed,
would help the United States geopolitically. But the latter? To suggest
these terrorist groups have legitimate claims? Something does not sit right,
there.

To be fair, Mr. Obama acknowledges that the two groups are conducting
vicious violence, and previously in the article asserts that Hezbollah is
not a legitimate political party.

Which is all well and good. So what does he mean when he says Hamas and
Hezbollah, specifically, have legitimate claims? They both consider
themselves at war with the West, they both want to destroy Israel, and they
both want to impose a puritanical version of Islam over their
people. Clearly, any grievances they might have – which to the amoral and
relativist would seem legitimate – should be overlooked and ignored, no?

This is more than a gaffe. It occurred during an interview with a respected
journalist. It is in print.

What are the implications of this statement? Is Sen. Obama implying he
opposes Hezbollah and Hamas merely due to their *actions* and not their
beliefs? Is he solely against what these Jihadist groups *do*, and not what
they represent? That's like hating the gas chambers but excusing the
fascism; opposing the gulags but delving into the nuances about the
legitimacy of Stalinism.

The Third Reich complained about a raw deal at Versailles and a lack of *
Lebensraum*, or living space, for the white race. The Bolsheviks harped
about the excesses of the *bourgeoisie*. None of these claims, legitimate
or not, were even considered by Western statesmen serious about the
continuity of the Western way of life – and rightly so. Hamas and Hezbollah
could stop the neck-slicing and car bombing tomorrow, and they would still
be theocratic and neo-fascistic movements attempting to usurp their
citizenry and democratic principalities in Palestine and Lebanon.

In fact, that is the route most Jihadist groups go: they use insurrection
and terrorism to achieve governmental power and the apparatus of the state,
then they morph into dictatorial regimes which no longer need to rely
primarily on asymmetrical violence to brutalize their population and
threaten their neighbors.

It is a disgrace that Sen. Obama has not had the chance to clarify himself,
and an even further disgrace that nobody has held his feet to the fire on
this issue (amongst others). Hezbollah and Hamas have 

Latest headlines from Bloomberg's confirm world wide route of capitalism. Long live the Internationale.

2008-10-01 Thread Frank

* Dow drops over 100 points in first hour of trading as credit freezes
up.

•U.S. Stocks Drop on Concern Economic Growth to Slow; GE, Ford Shares
Fall

•Cash-Starved Corporations Scrap Dividends, Tap Credit Lines to Raise
Funds

•Lehman's Hedge-Fund Clients Left in Lurch as Prime-Brokerage Assets
Frozen

•Financial Bond Spreads in Europe Widen to Record on Bank Funding
Concerns

•Xstrata Raises Lonmin Stake to 25% After Scrapping Planned $9 Billion
Bid

•Moscow Builders Halt Projects as Credit Crunch Threatens Real Estate
Boom

•Daimler, Porsche Drop After Carmakers Predict Worsening Market
Conditions

•Senate Sets Bailout Vote, Sweetens Package With Boost in Deposit
Insurance

•Bush, Paulson Lobby Industry, Congress in Bid to Salvage Bank Rescue
Plan


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Re: Breaking News from Bloomberg’s confirms the failure of the bailout and “the death agony of capitalism” (Leon Trotsky) And the fat lady sings…………………… .

2008-10-01 Thread Frank

Latest headlines from Bloomberg's confirm world wide route of
capitalism. Long live the Internationale.


M.A. Johnson wrote:
 Princip
 I'm not going to define minute. I think we both know the regulation in
 the states is benign.
 MJ
 And hence the CORE of this fantasy world in which you live.  Hey,
 if it does not FIT your religious ideal ... no problem ... we will just
 PRETEND it does.

 Regulations serve multi-fold ... from hampering innovation, to
 protecting entry into the marketplace.

 Joe wanting to facilitate lenders and borrowers a place to
 contract with one another (perhaps for a fee for his efforts)
 [gee, that would be capitalism] ... as a bank ... must adhere
 to reams and reams and reams of Government regulations,
 mandates and the like that you want to pretend are non-existent.


 Princip
 and if Free Trade is the answer,no regulation of any kind does that
 suppose anybody can just become a doctor without any medical practise
 or 'regulation' and the market will decide who are good doctors or
 not?
 MJ
 As opposed to the Government deciding who is and is not qualified
 because they jump through arbitrary hoops?

 Yes, we already established the fact that you oppose capitalism.

 So YOU do not believe you (and others) should be FREE to contract
 with your local auto mechanic ... having him remove your appendix?
 You really think People are too stupid to make informed decisions?

 Princip
  How many patients will die before the market has spoken??
 MJ
 Praise be to Government, Amen.

 So, in your world, People are too stupid to make decisions for
 themselves ... they need omniscient Bureaucrats (let me guess,
 elected by majority) to dictate and mandate for them.  We will
 ignore the problem with these stupid People having the ability
 to properly choose these leaders 

 Regard$,
 --MJ

 Every citizen who has produced or acquired a product,
 should have the option of applying it immediately to his own
 use or of transferring it to whoever on the face of the earth
 agrees to give him in exchange the object of his desires. To
 deprive him of this option . . . solely to satisfy the convenience
 of another citizen, is to legitimize an act of plunder and to violate
 the law of justice. -- Fr�d�ric Bastiat
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Re: PALIN lies to COURIC! Palin has no role in guarding U.S. airspace

2008-10-01 Thread [EMAIL PROTECTED]

JOE JIDEN LIED TO kATIE cOURIC WHEN HE TOLD HER FRANKLIN ROSSEVELT
GAVE A T.V.  ADDRESS TO THE NATION WHEN THE DEPRESSION BEGAN BACK IN
1929.

FACT::  ROOSEVELT WASN'T PRESIDENT THEN AND T.V. WASN'T INVENTED YET.

On Oct 1, 8:21�am, PoliticalAmazon [EMAIL PROTECTED] wrote:
 LOL, she makes Bill Clinton with the chance of getting a blow job look
 downright honest.

 

 http://www.nydailynews.com/news/politics/2008/09/30/2008-09-30_norad_...

 NORAD: Sarah Palin has no role in guarding U.S. airspace despite
 claims in Katie Couric interview
 BY JAMES GORDON MEEK
 DAILY NEWS WASHINGTON BUREAU

 Tuesday, September 30th 2008, 5:21 PM

 Alaska Gov. Sarah Palin talks to CBS news anchor Katie Couric in their
 interview last Wednesday.

 WASHINGTON - When Russian bombers approach American airspace �and U.S.
 Air Force fighters are scrambled, Sarah Palin's phone doesn't ring.

 The Alaska governor has no command authority over the guardians of
 U.S. airspace despite her recent suggestion otherwise.

 She doesn't have any role in that process, Air Force Maj. Allen
 Herritage, spokesman for the Alaska North American Aerospace Defense
 Command, told the Daily News.

 The authority to launch and respond to a Russian incursion lies with
 the Alaska NORAD Region commander - Air Force Lt. Gen. Dana Atkins,
 he said.

 Palin said last week that her foreign policy experience includes
 facing the Russians.

 It's very important when you consider even national security issues
 with Russia, as Putin rears his head and comes into the airspace of
 the United States of America - where do they go? It's Alaska, Palin
 told CBS' Katie Couric.

 It is from Alaska that we send those out to make sure that an eye is
 being kept on this very powerful nation, she said.

 Moscow's �bombers have skirted Alaskan airspace 20 times, thugh they
 have not violated it, during Palin's governorship, �officials said.

 When �F-15 and F-22 interceptors scrambled from Elmendorf Air Force
 Base in Anchorage in response, John McCain's running mate was not
 speed-dialed with the news.

 The commander does not call the governor, Herritage said.

 Steven Biegun, a McCain foreign policy adviser, said Palin is informed
 of the fly-bys by her National Guard commander.

 The Alaska Air Guard, which Palin oversees, performs airspace-watching
 missions only under NORAD command, and does not fly interception
 sorties.

 Palin did get an annual Air Force briefing �in February.

 She asked a lot of questions and seemed generally curious, recalled
 Herritage, who was there. She was very interested in Russian long-
 range aviation.
 (END OF QUOTE)
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Re: PALIN lies to COURIC! Palin has no role in guarding U.S. airspace

2008-10-01 Thread wncs

I finally had time to watch the Palin/Couric interview and was stunned
at how ill-prepared Palin was for this. It was evident in her
stammering and in her mannerisms that she had no clue how to answer
some of Couric's questions.  She proved her inadequacy by bringing
Daddy John with her the next time, like a little kid who has to drag a
parent in to stand up for them.  I'm surprised she wasn't twirling her
hair the whole time.
If she can't stand up to Katie Couric, how does anyone expect her to
run this country?!


On Oct 1, 9:21�am, PoliticalAmazon [EMAIL PROTECTED] wrote:
 LOL, she makes Bill Clinton with the chance of getting a blow job look
 downright honest.

 

 http://www.nydailynews.com/news/politics/2008/09/30/2008-09-30_norad_...

 NORAD: Sarah Palin has no role in guarding U.S. airspace despite
 claims in Katie Couric interview
 BY JAMES GORDON MEEK
 DAILY NEWS WASHINGTON BUREAU

 Tuesday, September 30th 2008, 5:21 PM

 Alaska Gov. Sarah Palin talks to CBS news anchor Katie Couric in their
 interview last Wednesday.

 WASHINGTON - When Russian bombers approach American airspace �and U.S.
 Air Force fighters are scrambled, Sarah Palin's phone doesn't ring.

 The Alaska governor has no command authority over the guardians of
 U.S. airspace despite her recent suggestion otherwise.

 She doesn't have any role in that process, Air Force Maj. Allen
 Herritage, spokesman for the Alaska North American Aerospace Defense
 Command, told the Daily News.

 The authority to launch and respond to a Russian incursion lies with
 the Alaska NORAD Region commander - Air Force Lt. Gen. Dana Atkins,
 he said.

 Palin said last week that her foreign policy experience includes
 facing the Russians.

 It's very important when you consider even national security issues
 with Russia, as Putin rears his head and comes into the airspace of
 the United States of America - where do they go? It's Alaska, Palin
 told CBS' Katie Couric.

 It is from Alaska that we send those out to make sure that an eye is
 being kept on this very powerful nation, she said.

 Moscow's �bombers have skirted Alaskan airspace 20 times, thugh they
 have not violated it, during Palin's governorship, �officials said.

 When �F-15 and F-22 interceptors scrambled from Elmendorf Air Force
 Base in Anchorage in response, John McCain's running mate was not
 speed-dialed with the news.

 The commander does not call the governor, Herritage said.

 Steven Biegun, a McCain foreign policy adviser, said Palin is informed
 of the fly-bys by her National Guard commander.

 The Alaska Air Guard, which Palin oversees, performs airspace-watching
 missions only under NORAD command, and does not fly interception
 sorties.

 Palin did get an annual Air Force briefing �in February.

 She asked a lot of questions and seemed generally curious, recalled
 Herritage, who was there. She was very interested in Russian long-
 range aviation.
 (END OF QUOTE)
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Re: An Open Letter to my Friends on the Left

2008-10-01 Thread Frank

The route is on. Long live the Internationale. Down with imperialism
and her capitalist apologists.

On Oct 1, 1:56 pm, M.A. Johnson [EMAIL PROTECTED] wrote:
 In the early 1990s, Congress eased Fannie and Freddie's lending requirements 
 (to 1/4th the capital required by regular commercial banks) so as to increase 
 their ability to lend to poor areas. Congress also created a regulatory 
 agency to oversee them, but this agency also had to reapply to Congress for 
 its budget each year (no other financial regulator must do so), assuring that 
 it would tell Congress exactly what it wanted to hear: things are fine. In 
 1995, Fannie and Freddie were given permission to enter the subprime market 
 and regulators began to crack down on banks who were not lending enough to 
 distressed areas. Several attempts were made to rein in Fannie and Freddie, 
 but Congress didn't have the votes to do so, especially with both 
 organizations making significant campaign contributions to members of both 
 parties. Even the New York Times as far back as 1999 saw exactly what might 
 happen thanks to this very unfree market, warning of a need to bailout Fannie 
 and Freddie if the housing market dropped.An Open Letter to my Friends on 
 the LeftSteven Horwitz
 Department of Economics
 St. Lawrence University
 [EMAIL PROTECTED]
 September 28, 2008
 My friends,
 In the last week or two, I have heard frequently from you that the current 
 financial mess has been caused by the failures of free markets and 
 deregulation. I have heard from you that the lust after profits, any profits, 
 that is central to free markets is at the core of our problems. And I have 
 heard from you that only significant government intervention into financial 
 markets can cure these problems, perhaps once and for all. I ask of you for 
 the next few minutes to, in the words of Oliver Cromwell, consider that you 
 may be mistaken. Consider that both the diagnosis and the cure might be 
 equally mistaken.
 Consider instead that the problems of this mess were caused by the very kinds 
 of government regulation that you now propose. Consider instead that effects 
 of the profit motive that you decry depend upon the incentives that 
 institutions, regulations, and policies create, which in this case led 
 profit-seekers to do great damage. Consider instead that the regulations that 
 may have been the cause were supported by, as they have often been throughout 
 US history, the very firms being regulated, mostly because they worked to 
 said firms' benefit, even as they screwed the rest of us. Consider all of 
 this as you ask for more of the same in the name of fixing the problem. And 
 finally, consider why you would ever imagine that those with wealth and power 
 wouldn't rig a new regulatory process in their favor.
 One of the biggest confusions in the current mess is the claim that it is the 
 result of greed. The problem with that explanation is that greed is always a 
 feature of human interaction. It always has been. Why, all of a sudden, has 
 greed produced so much harm? And why only in one sector of the economy? After 
 all, isn't there plenty of greed elsewhere? Firms are indeed profit seekers. 
 And they will seek after profit wherethe institutional incentives are such 
 that profit is available.In a free market, firms profit by providing the 
 goods that consumers want at prices they are willing to pay. (My friends, 
 don't stop reading there even if you disagree - now you know how I feel when 
 you claim this mess is a failure of free markets - at least finish this 
 paragraph.) However, regulations and policies and even the rhetoric of 
 powerful political actors can change the incentives to profit. Regulations 
 can make it harder for firms to minimize their risk by requiring that they 
 make loans to marginal borrowers. Government institutions can encourage banks 
 to take on extra risk by offering an implicit government guarantee if those 
 risks fail. Policies can direct self-interest into activities that only serve 
 corporate profits, not the public.
 Many of you have rightly criticized the ethanol mandate, which made it 
 profitable for corn growers to switch from growing corn for food to corn for 
 fuel, leading to higher food prices worldwide. What's interesting is that you 
 rightly blamed the policy and did not blame greed and the profit motive! The 
 current financial mess is precisely analogous.No free market economist thinks 
 greed is always good.What we think is good are institutions that play to 
 the self-interest of private actors by rewarding them for serving the public, 
 not just themselves. We believe that's what genuinely free markets do. Market 
 exchanges aremutuallybeneficial. When the law messes up by either poorly 
 defining the rules of the game or trying to override them through regulation, 
 self-interested behavior is no longer economically mutually beneficial. The 
 private sector then profits by serving 

Re: Prosecutors on Obama 'Truth Squad' sound retreat

2008-10-01 Thread Houkster

The only hope Barack Hussein holds for Americans are those buying into
the Marxist delusion of utopia that is without Christianity, guns and
free speech.

On Oct 1, 5:35 am, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:
 he is our only hope for the country to survive !

 On Oct 1, 5:23 am, rigsy03 [EMAIL PROTECTED] wrote:



  Obama, if elected, will wilt away his Messiah image quickly. Might be
  the worst- beyond Bush 43.

  On Oct 1, 12:41 am, mike532 [ Republicans for Obama ]

  [EMAIL PROTECTED] wrote:
   are you really that foolish ?

   On Sep 30, 6:58 am, mark [EMAIL PROTECTED] wrote:

murky murky murky. can not you read? there are quotes in there taken
directly from the prosecutors own mouths saying they are part of a
truth squad. barry gestapo was found out and now they are trying to
hide. too late.

On Sep 30, 6:52 am, mike532 [ Republicans for Obama ]

[EMAIL PROTECTED] wrote:
 this is nothing more than the hysterical rantings of a republican
 propagandist !

 On Sep 30, 6:24 am, mark [EMAIL PROTECTED] wrote:

  Missouri law officials, including public prosecutors, who were
  reportedly planning to respond immediately to any misleading
  advertisements against Barack Obama if they might violate Missouri
  ethics laws, have now backed off the intimidating implications of
  that report, promising that they have no intention of prosecuting
  anyone.

  As WND reported, prosecuting attorneys Bob McCulloch and Jennifer
  Joyce originally announced on KMOV-TV in St. Louis their 
  participation
  in Obama's Truth Squad, pledging to defend the candidate from
  untruthful ads with an undefined immediate response.

  Whether it is directly attributable to the (McCain) campaign or to
  one of the soft money operations, McCulloch told the station, if
  they're not going to tell the truth, somebody's got to step up and
  say, 'That's not the truth. This is the truth.'

  The move prompted Missouri's governor to object that the prosecutors
  were using police state tactics to squelch information hurtful to
  the Obama campaign.

  What Senator Obama and his helpers are doing is scandalous beyond
  words, wrote Gov. Matt Blunt in a statement. The party that claims
  to be the party of Thomas Jefferson is abusing the justice system 
  and
  offices of public trust to silence political criticism with threats 
  of
  prosecution and criminal punishment.

  A spokesperson for St. Louis City Circuit Attorney Jennifer Joyce,
  however, told WND that the televised Truth Squad announcement was
  misunderstood.

  The only action they would take would be to provide truthful
  information to the public so they can make up their minds, said
  spokesperson Susan Ryan. Neither (Joyce) nor anybody involved in 
  this
  has any intention of prosecuting anybody.

  When asked if the initial announcement suggested legal ramifications
  for crossing ethics laws in Missouri, Ryan confirmed, 
  Unfortunately
  it did suggest that, but the 'Truth Squad' has no intention of
  prosecuting anyone for this.

  Further, Ryan insisted, attorneys McCulloch and Joyce are
  participating in the Truth Squad as part of their private
  citizenship, on their own time, and in no way in their capacity as
  prosecutors.

  That's not how they announced it, objected Gov. Blount in an
  interview on Fox TV's America's Newsroom talk show. They rolled 
  it
  out as prosecutors willing to take actions as prosecutors.- Hide 
  quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -

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U.S. Factories Contracted at Faster Pace in September

2008-10-01 Thread Frank

U.S. Factories Contracted at Faster Pace in September
By Timothy R. Homan

Oct. 1 (Bloomberg) -- Manufacturing in the U.S. contracted in
September at the fastest pace since the last recession as sales
slowed, signaling the credit crisis is spreading beyond Wall Street.

The Institute for Supply Management's factory index dropped to 43.5,
the lowest level since October 2001 and less than economists
anticipated, the Tempe, Arizona-based group reported today. A reading
of 50 is the dividing line between expansion and contraction.

The housing slump has already spread to autos, and other industries
may soon follow, as mounting foreclosures, tougher lending rules and
rising unemployment choke off consumer spending. While exports have so
far kept manufacturing from slipping much more, weakening economies
around the globe are also causing overseas sales to slow.

``Manufacturing could be on the brink of a collapse,'' said Lindsey
Piegza, a market analyst at FTN Financial in New York. `There are no
orders, no jobs and there is really no incentive for businesses to
invest. The credit crisis is compounding the problem.''

Stocks added to losses after the report and Treasury securities
extended gains. The Standard  Poor's 500 index fell 1.8 percent to
1,145.6 at 10:42 a.m. in New York.

The ISM index was projected to drop to 49.5 from August's 49.9,
according to the median of 72 economists' forecasts in a Bloomberg
News survey. Estimates ranged from 48 to 51.1.

Job Market

Other reports today signaled the U.S. continues to lose jobs. ADP
Employer Services said companies in the U.S. cut an estimated 8,000
workers from payrolls in September after a 37,000 decrease in August,
according to figures based on payroll data.

ADP said today's estimate didn't take into account a strike by about
27,000 machinists at Boeing Co. or the job losses following Hurricanes
Gustav and Ike.

Firing announcements increased 33 percent in September from that same
month last year, Chicago-based Challenger, Gray  Christmas Inc. said
in a statement.

The Commerce Department also reported that construction spending
stalled in August after a revised 1.4 percent drop the previous month
that was more than twice as large as previously estimated. Private
residential building increased for the first time since March 2007 and
work on commercial projects fell for a fourth month.

Orders from overseas have weakened as economies abroad falter. ISM's
export gauge fell to 52 from 57 the prior month.

Orders Slump

The purchasing managers' gauge of new orders for factories decreased
to 38.8, also the lowest since 2001, from 48.3 the prior month. The
production measure dropped to 40.8 from 52.1.

``I just can't imagine that we'll see a lot of strength in the index
in the next few months,'' Norbert Ore, chairman of the ISM survey,
said in a conference call. ``It appears to be very similar'' to the
last recession in 2001, he said.

The index of prices paid plunged to 53.5, the lowest since January
2007, from 77. Energy prices have retreated from their peaks in July,
when a barrel of crude oil reached $147.

The employment index declined to 41.8, the lowest since 2003, from
49.7 in August.

Companies are cutting back on investments and hiring as consumer
spending wanes. A deteriorating labor market also is causing Americans
to limit purchases to necessities such as food and fuel.

Chrysler LLC, the third-largest U.S. automaker, said last week that it
planned to fire about 250 workers as part of a plan to cut 1,000
salaried positions by Sept. 30. The Auburn Hills, Michigan-based
company's U.S. sales dropped 24 percent through August, more than
twice the industry's 11 percent decline.

Growth to Slow

The U.S. economy, the world's largest, probably grew at a 1.2 percent
annual rate during the third quarter, down from 2.8 percent the prior
three months, according to a Bloomberg survey of economists from Sept.
2 to Sept. 9.

Since then, economists at JPMorgan Chase  Co., Morgan Stanley and
Deutsche Bank Securities Inc. have cut their forecasts as consumer
spending stalled and the credit crisis brought down Lehman Brothers
Holdings Inc., American International Group Inc. and Washington Mutual
Inc.

A narrowing of the trade deficit as exports jumped and imports fell
was the biggest contributor to growth in the second quarter, adding
2.9 percentage points, the most since 1980. That is likely to diminish
as economies in Europe and Japan falter.

-- With reporting from Mike Ramsey and Bill Koenig in Southfield,
Michigan. Editor: Carlos Torres

To contact the reporter on this story: Timothy R. Homan in Washington
at [EMAIL PROTECTED]

Last Updated: October 1, 2008 10:44 EDT
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U.S. Stocks Drop After GE Estimates Cut; Ford Falls on Forecast

2008-10-01 Thread Frank

U.S. Stocks Drop After GE Estimates Cut; Ford Falls on Forecast
By Eric Martin

Oct. 1 (Bloomberg) -- U.S. stocks fell and the Standard  Poor's 500
Index extended its worst monthly drop in six years as General Electric
Co.'s profit estimates were cut and an industry report showed
manufacturing contracted more than forecast.

GE, the second-largest U.S. company by market value, dropped 7.4
percent as Deutsche Bank AG said profits will be hurt by
``deterioration'' at its financial-services unit. Ford Motor Co.
tumbled 7.9 percent after saying earnings in Europe will decline.
Cabot Oil  Gas Corp. tumbled 6 percent to lead declines in all 40
energy companies in the SP 500 as crude prices slid on speculation
the economy will slip into recession.

The SP 500 lost 22.2, or 1.9 percent, to 1,144.16 at 10:05 a.m. in
New York. The Dow Jones Industrial Average slipped 176.82, or 1.6
percent, to 10,673.84. The Nasdaq Composite Index fell 28.11, or 1.3
percent, to 2,063.77. About four stocks declined for each that rose on
the New York Stock Exchange.

``The cards are on the table and a recession is coming,'' Henry
Herrmann, chief executive officer of Waddell  Reed Financial Inc. in
Overland Park, Kansas, which manages $70 billion, told Bloomberg
Television. ``Our focus is going to be on things like dividend yields,
solid brand names, consumer staples, less cyclical exposure.''

The SP 500 erased about one-third of its 5.4 percent gain yesterday.
Stocks extended declines after the Institute for Supply Management's
manufacturing index for September slid to 43.5, below the 49.5 reading
forecast by economists in a Bloomberg survey.

The benchmark index for U.S. equities jumped the most in six years
yesterday as expectations grew that lawmakers will salvage a $700
billion rescue package to buy bad loans from banks. Even with
yesterday's advance, the SP 500 had its worst month since 2002 in
September, declining 9.1 percent, and tumbled 8.9 percent for the
third quarter.

GE Tumbles

GE lost $1.89 to $23.61. Deutsche Bank AG analysts cut their 2008
earnings estimate 9 percent to $2 a share and their 2009 profit
projection to $1.95 a share. The worsening in conditions at GE Capital
is ``driven by tighter credit markets, asset shrinkage and debt pay-
down,'' analyst Nigel Coe wrote in a research note. ``We also eased
back our industrial assumptions,'' Coe said.

``More important than the bailout plan will be next year's economy,''
Marc Faber, managing director of Marc Faber Ltd. and publisher of the
Gloom, Boom  Doom Report, said in a Bloomberg Television interview.
``I would rather sell on strength.''

`Clarifications'

Banks slid on speculation regulators will reject calls to suspend fair-
market accounting rules that some members of Congress blame for
worsening credit-market losss.

Bank of America, the second-largest U.S. bank by market value, lost 78
cents to $34.22. Citigroup Inc., the fourth- biggest, slipped 1.1
percent to $20.29.

The Securities and Exchange Commission and Financial Accounting
Standards Board issued ``clarifications'' on how banks should
interpret existing rules requiring them to review assets each quarter
and report losses if values decline. A moratorium isn't being
considered, said people who declined to be identified because the plan
hasn't been completed.

SEC spokesman John Nester declined to comment. FASB spokesman Neal
McGarity didn't return a phone call seeking comment.

Ford Slumps

Ford Motor Co. dropped 41 cents to $4.79. The world's third-largest
automaker said second-half profit at its European unit will decline on
sagging demand for new vehicles and rising raw-material costs.

Cabot Oil  Gas slid $2.21 to $33.93, leading the SP 500 Energy Index
to a 2.9 percent tumble. Crude for November delivery fell $1.74, or
1.7 percent, to $98.90 a barrel. Prices are down 33 percent from the
record $147.27 a barrel reached on July 11.

The Senate agreed to vote on the banking legislation along with a
measure temporarily raising the limit on federal deposit insurance to
$250,000 from $100,000. Also linked to the legislation is a two-year
extension of tax breaks that will save individuals and corporations
about $149 billion over the next decade.

European Central Bank President Jean-Claude Trichet said in a
Bloomberg Television interview that U.S. lawmakers must pass a rescue
package ``for the sake of global finance.'' He added that a pan-
European approach to the banking crisis is unlikely, saying ``we are
not a fully-fledged federation with a federal budget.''

Europe's Dow Jones Stoxx 600 Index gained 1 percent, while the MSCI
Asia Pacific Index added 1.6 percent. The yield on the two-year
Treasury note fell 6 basis points, or 0.06 percentage point, to 1.9
percent.

Libor Retreats

The cost of borrowing in dollars overnight fell from a record after
funding constraints tied to the end of the third quarter passed,
easing an unprecedented freeze in lending between banks. The London
interbank offered 

Cash-Starved Companies Scrap Dividends, Tap Credit

2008-10-01 Thread Frank

Cash-Starved Companies Scrap Dividends, Tap Credit (Update1)
By Kelly Riddell

Oct. 1 (Bloomberg) -- Carmike Cinemas Inc., the third- largest U.S.
theater chain by screens, suspended its dividend, while Duke Energy
Corp., owner of utilities in five U.S. states, tapped $1 billion from
a credit agreement and RC2 Corp., the maker of infant and preschool
products, canceled an acquisition.

The paralysis in credit markets is changing how U.S. companies do
business as banks pull back on loans or make them prohibitively
expensive. Some companies are closing plants and stores, postponing
takeovers and grabbing any available credit in a fight for survival.

``If businesses don't have access to capital, smaller companies in
particular, they might get wiped out,'' said Alec Young, a New York-
based equity strategist at Standard  Poor's. ``It's impossible to
quantify how expensive this crisis is going to be for Corporate
America; there's unlimited downside.''

Ford Motor Co., the second-largest U.S. automaker, said it repaid $1.5
billion in debt that was due today, without giving details. Analysts
said yesterday they expected Ford to make the payment in cash and not
tap an $11.5 billion revolving credit line. Slumping auto sales and
surging borrowing costs may boost U.S. new-vehicle dealership closures
as much as 40 percent this year, the National Automobile Dealers
Association said yesterday.

Deal Scrapped

Circuit City Stores Inc. and memory-chipmaker Spansion Inc. face
higher interest expenses and slowing sales, analysts said. In the last
week, Angiotech Pharmaceuticals Inc. scrapped a financing deal and
newspaper publisher McClatchy Co. said it renegotiated credit lines.

Banks more than doubled the interest rate they charge each other for
borrowing dollars overnight, known as the London interbank offered
rate, to a record 6.88 percent yesterday, the British Bankers'
Association said. Adding to the financial stress was the U.S. House of
Representatives' rejection of a $700 billion bank-rescue plan Sept. 29
and the bankruptcy of Lehman Brothers Holdings Inc. on Sept. 15.

``It's almost inconceivable that there won't be an enormous slowdown
in the U.S. markets and with that, increased joblessness, lower
employment and higher bankruptcy rates, both personal and corporate,''
Michael Vogelzang, who oversees $2 billion as chief investment officer
at Boston Advisors LLC, said in an interview yesterday. ``Businesses
are going to have to adapt.''

Carmike Cinemas halted its dividend payment and spent $10 million to
pay bank debt, the Columbus, Georgia-based company said in a statement
yesterday. Over the past four quarters, Carmike said it made $9
million in dividend payments. It has $285 million in bank debt, down
from $302 million on Dec. 31.

Credit Agreement

Duke has $650 million in bonds coming due this year, $442 million
scheduled to mature next year and $500 million in 2010, according to
data compiled by Bloomberg. Chief Financial Officer David Hauser said
Duke is drawing from its credit agreement because it wasn't clear
whether it would be able to secure more than $1 billion in new
financing this year as planned.

RC2, the maker of Learning Curve products, sank the most in more than
a year in Nasdaq trading yesterday after canceling its acquisition of
Publications International Ltd.'s children's publishing unit, citing
difficulty obtaining financing. Citation Corp., a closely held auto-
parts maker, said it postponed an acquisition planned for earlier this
year due to the tightening credit markets.

``People are concerned with pending acquisitions especially if they
are going to be financed via the debt markets or via bank-syndicated
credit lines,'' Timothy Conder, a St. Louis- based analyst with
Wachovia Securities Inc., said in an interview yesterday.

`Unraveled a Week Later'

``Things you thought you had done last week get unraveled a week
later,'' Citation Chief Executive Officer Douglas Grimm said in a
telephone interview yesterday. ``The difficulty in the credit markets
and your ability to negotiate with the banks is affecting everyone.''

Vancouver-based Angiotech said last week that it wouldn't be able to
meet the terms of a financing deal with Ares Management LLC of Los
Angeles and New York-based venture capital firm Leaf Venture Partners,
citing lowered revenue expectations and cash shortages. The developer
of drug-coated medical devices said it plans to cut jobs, close a U.S.
plant and delay a new product.

Sacramento, California-based McClatchy, the publisher of the Miami
Herald, announced Sept. 26 it negotiated an amendment with banks on
its $1.18 billion credit line, agreeing to higher interest rates and
borrowing limits in exchange for more lenient terms on cash flow.

Circuit City

Circuit City, the second-largest U.S. consumer-electronics company,
hired turnaround firm FTI Consulting Inc. as an adviser, according to
two people familiar with the appointment. The interest rate on Circuit
City's 

Major media beating bailout drums

2008-10-01 Thread ianemdee

Not only have the major media become active cheerleaders for the
bailout, they are
now actively propagating the lie that we taxpayers have changed our
minds about it.

Furthermore, they have surreptitiously closed comment on any of their
articles
about the bailout.

If there was any doubt that this country has become an oligarchy, that
doubt is now
removed.

Ian

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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread Hollywood

rigs,

Tough to find any liquid in a bottle NOT made of plastic anymore. When
I was a kid milk and other liquids came in glass bottles and coated
paper cartons.

On Oct 1, 2:57 am, rigsy03 [EMAIL PROTECTED] wrote:
 There is data that plastics are absorbed into foods you nuke, pack or
 store. Glass or wax paper, preferred.

 On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:



  mike,

  Anyone considered who much oil is used in the making of plastics?

  On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

  [EMAIL PROTECTED] wrote:
   America's dirty little oil secret: Plastic Bottles and
   Bags                                America consumes 31.2 billion
   water bottles a year taking 17.6 million barrels of oil to create
   them. Enough to fuel 1.5 million cars for a year. America consumes 100
   billion plastic bags a year taking 12 million barrels of oil. World
   figures? 154.3 billion water bottles and 500 billion - 1 trillion
   bags=147.4 - 207.4 million barrels of oil a year.

   On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

   [EMAIL PROTECTED] wrote:
Editorial
No More Plastic 
Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
Westport, Conn., this month became the latest of a handful of
communities to ban some plastic bags. The bags, which have only a
brief, useful life, can survive forever in landfills and are of
enormous concern to not only environmentalists but local officials who
are running out of places to put their trash.

 Westport’s ordinance will take effect in six months and applies to
bags dispensed at checkout counters. Others, like dry cleaning bags,
will be exempted. The aim is to reduce litter and encourage customers
to tote their groceries in reusable cloth bags.

The town’s stand is laudable but will have only a limited effect on
what is, after all, a statewide problem. The Connecticut Legislature
rebuffed a proposed statewide ban last year. Massachusetts and Maine
considered similar bans and also backed down.

Americans use and dispose of at least 100 billion bags every year.
Although the plastics industry points out that plastic grocery bags
are made more from natural gas than petroleum, natural gas is not a
renewable resource and contributes to global warming. And about only 5
percent of all plastic bags are recycled nationwide. The rest end up
in the trash, hanging in trees or floating in water where they menace
marine life.

There are other possible remedies, including a constructive idea that
has taken hold in Ireland. In 2002, Ireland became the first country
in the world to impose a tax on plastic bags. Use of the bags dropped
by 90 percent, and proceeds from the tax went to environmental causes.

If Ireland is any guide, tax laws may have greater impact on human
behavior than recycling laws. Tax law could also be written to apply
to an entire state, thus eliminating the need for town-by-town bans.

More Articles in Opinion » A version of this article appeared in print
on September 30, 2008, on page A26 of the New York edition.- Hide 
quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: Prosecutors on Obama 'Truth Squad' sound retreat

2008-10-01 Thread Hollywood

mike,

Sure he is.

On Oct 1, 12:41 am, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:
 are you really that foolish ?

 On Sep 30, 6:58 am, mark [EMAIL PROTECTED] wrote:



  murky murky murky.  can not you read?  there are quotes in there taken
  directly from the prosecutors own mouths saying they are part of a
  truth squad.  barry gestapo was found out and now they are trying to
  hide.  too late.

  On Sep 30, 6:52 am, mike532 [ Republicans for Obama ]

  [EMAIL PROTECTED] wrote:
   this is nothing more than the hysterical rantings of a republican
   propagandist !

   On Sep 30, 6:24 am, mark [EMAIL PROTECTED] wrote:

Missouri law officials, including public prosecutors, who were
reportedly planning to respond immediately to any misleading
advertisements against Barack Obama if they might violate Missouri
ethics laws, have now backed off the intimidating implications of
that report, promising that they have no intention of prosecuting
anyone.

As WND reported, prosecuting attorneys Bob McCulloch and Jennifer
Joyce originally announced on KMOV-TV in St. Louis their participation
in Obama's Truth Squad, pledging to defend the candidate from
untruthful ads with an undefined immediate response.

Whether it is directly attributable to the (McCain) campaign or to
one of the soft money operations, McCulloch told the station, if
they're not going to tell the truth, somebody's got to step up and
say, 'That's not the truth. This is the truth.'

The move prompted Missouri's governor to object that the prosecutors
were using police state tactics to squelch information hurtful to
the Obama campaign.

What Senator Obama and his helpers are doing is scandalous beyond
words, wrote Gov. Matt Blunt in a statement. The party that claims
to be the party of Thomas Jefferson is abusing the justice system and
offices of public trust to silence political criticism with threats of
prosecution and criminal punishment.

A spokesperson for St. Louis City Circuit Attorney Jennifer Joyce,
however, told WND that the televised Truth Squad announcement was
misunderstood.

The only action they would take would be to provide truthful
information to the public so they can make up their minds, said
spokesperson Susan Ryan. Neither (Joyce) nor anybody involved in this
has any intention of prosecuting anybody.

When asked if the initial announcement suggested legal ramifications
for crossing ethics laws in Missouri, Ryan confirmed, Unfortunately
it did suggest that, but the 'Truth Squad' has no intention of
prosecuting anyone for this.

Further, Ryan insisted, attorneys McCulloch and Joyce are
participating in the Truth Squad as part of their private
citizenship, on their own time, and in no way in their capacity as
prosecutors.

That's not how they announced it, objected Gov. Blount in an
interview on Fox TV's America's Newsroom talk show. They rolled it
out as prosecutors willing to take actions as prosecutors.- Hide 
quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: Prosecutors on Obama 'Truth Squad' sound retreat

2008-10-01 Thread Hollywood

Houkster,

Bull-fucking-shit. Empty partisan rhetoric, shit throw up against the
wall in the hope some of it will stick.

On Oct 1, 9:26 am, Houkster [EMAIL PROTECTED] wrote:
 The only hope Barack Hussein holds for Americans are those buying into
 the Marxist delusion of utopia that is without Christianity, guns and
 free speech.

 On Oct 1, 5:35 am, mike532 [ Republicans for Obama ]



 [EMAIL PROTECTED] wrote:
  he is our only hope for the country to survive !

  On Oct 1, 5:23 am, rigsy03 [EMAIL PROTECTED] wrote:

   Obama, if elected, will wilt away his Messiah image quickly. Might be
   the worst- beyond Bush 43.

   On Oct 1, 12:41 am, mike532 [ Republicans for Obama ]

   [EMAIL PROTECTED] wrote:
are you really that foolish ?

On Sep 30, 6:58 am, mark [EMAIL PROTECTED] wrote:

 murky murky murky. can not you read? there are quotes in there taken
 directly from the prosecutors own mouths saying they are part of a
 truth squad. barry gestapo was found out and now they are trying to
 hide. too late.

 On Sep 30, 6:52 am, mike532 [ Republicans for Obama ]

 [EMAIL PROTECTED] wrote:
  this is nothing more than the hysterical rantings of a republican
  propagandist !

  On Sep 30, 6:24 am, mark [EMAIL PROTECTED] wrote:

   Missouri law officials, including public prosecutors, who were
   reportedly planning to respond immediately to any misleading
   advertisements against Barack Obama if they might violate 
   Missouri
   ethics laws, have now backed off the intimidating implications of
   that report, promising that they have no intention of prosecuting
   anyone.

   As WND reported, prosecuting attorneys Bob McCulloch and Jennifer
   Joyce originally announced on KMOV-TV in St. Louis their 
   participation
   in Obama's Truth Squad, pledging to defend the candidate from
   untruthful ads with an undefined immediate response.

   Whether it is directly attributable to the (McCain) campaign or 
   to
   one of the soft money operations, McCulloch told the station, if
   they're not going to tell the truth, somebody's got to step up and
   say, 'That's not the truth. This is the truth.'

   The move prompted Missouri's governor to object that the 
   prosecutors
   were using police state tactics to squelch information hurtful 
   to
   the Obama campaign.

   What Senator Obama and his helpers are doing is scandalous beyond
   words, wrote Gov. Matt Blunt in a statement. The party that 
   claims
   to be the party of Thomas Jefferson is abusing the justice system 
   and
   offices of public trust to silence political criticism with 
   threats of
   prosecution and criminal punishment.

   A spokesperson for St. Louis City Circuit Attorney Jennifer Joyce,
   however, told WND that the televised Truth Squad announcement 
   was
   misunderstood.

   The only action they would take would be to provide truthful
   information to the public so they can make up their minds, said
   spokesperson Susan Ryan. Neither (Joyce) nor anybody involved in 
   this
   has any intention of prosecuting anybody.

   When asked if the initial announcement suggested legal 
   ramifications
   for crossing ethics laws in Missouri, Ryan confirmed, 
   Unfortunately
   it did suggest that, but the 'Truth Squad' has no intention of
   prosecuting anyone for this.

   Further, Ryan insisted, attorneys McCulloch and Joyce are
   participating in the Truth Squad as part of their private
   citizenship, on their own time, and in no way in their capacity as
   prosecutors.

   That's not how they announced it, objected Gov. Blount in an
   interview on Fox TV's America's Newsroom talk show. They 
   rolled it
   out as prosecutors willing to take actions as prosecutors.- Hide 
   quoted text -

 - Show quoted text -- Hide quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: Breaking News from Bloomberg’s confirms the failure of the bailout and “the death agony of capitalism” (Leon Trotsky) And the fat lady sings…………………… .

2008-10-01 Thread Princip

M.J.
Regulation deciding who or who not can practise as doctor is hardly
arbitary.
It is empirically decided by acknowledged experts in the field.
In the state of nature which is essentially what your calling for we
end up with shamens who dance around chanting songs expecting the dead
or dying to walk like lazarus.
I'm sorry but its axiomatic and right that we should have a
centralised authority deciding what is best in certain situations.


On Oct 1, 3:12 pm, Frank [EMAIL PROTECTED] wrote:
 Latest headlines from Bloomberg's confirm world wide route of
 capitalism. Long live the Internationale.

 M.A. Johnson wrote:
  Princip
      I'm not going to define minute. I think we both know the regulation in
      the states is benign.
  MJ
  And hence the CORE of this fantasy world in which you live.  Hey,
  if it does not FIT your religious ideal ... no problem ... we will just
  PRETEND it does.

  Regulations serve multi-fold ... from hampering innovation, to
  protecting entry into the marketplace.

  Joe wanting to facilitate lenders and borrowers a place to
  contract with one another (perhaps for a fee for his efforts)
  [gee, that would be capitalism] ... as a bank ... must adhere
  to reams and reams and reams of Government regulations,
  mandates and the like that you want to pretend are non-existent.

  Princip
      and if Free Trade is the answer,no regulation of any kind does that
      suppose anybody can just become a doctor without any medical practise
      or 'regulation' and the market will decide who are good doctors or
      not?
  MJ
  As opposed to the Government deciding who is and is not qualified
  because they jump through arbitrary hoops?

  Yes, we already established the fact that you oppose capitalism.

  So YOU do not believe you (and others) should be FREE to contract
  with your local auto mechanic ... having him remove your appendix?
  You really think People are too stupid to make informed decisions?

  Princip
       How many patients will die before the market has spoken??
  MJ
  Praise be to Government, Amen.

  So, in your world, People are too stupid to make decisions for
  themselves ... they need omniscient Bureaucrats (let me guess,
  elected by majority) to dictate and mandate for them.  We will
  ignore the problem with these stupid People having the ability
  to properly choose these leaders 

  Regard$,
  --MJ

  Every citizen who has produced or acquired a product,
  should have the option of applying it immediately to his own
  use or of transferring it to whoever on the face of the earth
  agrees to give him in exchange the object of his desires. To
  deprive him of this option . . . solely to satisfy the convenience
  of another citizen, is to legitimize an act of plunder and to violate
  the law of justice. -- Fr d ric Bastiat
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Re: PALIN lies to COURIC! Palin has no role in guarding U.S. airspace

2008-10-01 Thread Hollywood

lew,

No dummy, he did not lie he made a mistake. What are you YELLING
ABOUT?

On Oct 1, 9:35 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote:
 JOE JIDEN LIED TO kATIE cOURIC WHEN HE TOLD HER FRANKLIN ROSSEVELT
 GAVE A T.V.  ADDRESS TO THE NATION WHEN THE DEPRESSION BEGAN BACK IN
 1929.

 FACT::  ROOSEVELT WASN'T PRESIDENT THEN AND T.V. WASN'T INVENTED YET.

 On Oct 1, 8:21 am, PoliticalAmazon [EMAIL PROTECTED] wrote:



  LOL, she makes Bill Clinton with the chance of getting a blow job look
  downright honest.

  

 http://www.nydailynews.com/news/politics/2008/09/30/2008-09-30_norad_...

  NORAD: Sarah Palin has no role in guarding U.S. airspace despite
  claims in Katie Couric interview
  BY JAMES GORDON MEEK
  DAILY NEWS WASHINGTON BUREAU

  Tuesday, September 30th 2008, 5:21 PM

  Alaska Gov. Sarah Palin talks to CBS news anchor Katie Couric in their
  interview last Wednesday.

  WASHINGTON - When Russian bombers approach American airspace and U.S.
  Air Force fighters are scrambled, Sarah Palin's phone doesn't ring.

  The Alaska governor has no command authority over the guardians of
  U.S. airspace despite her recent suggestion otherwise.

  She doesn't have any role in that process, Air Force Maj. Allen
  Herritage, spokesman for the Alaska North American Aerospace Defense
  Command, told the Daily News.

  The authority to launch and respond to a Russian incursion lies with
  the Alaska NORAD Region commander - Air Force Lt. Gen. Dana Atkins,
  he said.

  Palin said last week that her foreign policy experience includes
  facing the Russians.

  It's very important when you consider even national security issues
  with Russia, as Putin rears his head and comes into the airspace of
  the United States of America - where do they go? It's Alaska, Palin
  told CBS' Katie Couric.

  It is from Alaska that we send those out to make sure that an eye is
  being kept on this very powerful nation, she said.

  Moscow's bombers have skirted Alaskan airspace 20 times, thugh they
  have not violated it, during Palin's governorship, officials said.

  When F-15 and F-22 interceptors scrambled from Elmendorf Air Force
  Base in Anchorage in response, John McCain's running mate was not
  speed-dialed with the news.

  The commander does not call the governor, Herritage said.

  Steven Biegun, a McCain foreign policy adviser, said Palin is informed
  of the fly-bys by her National Guard commander.

  The Alaska Air Guard, which Palin oversees, performs airspace-watching
  missions only under NORAD command, and does not fly interception
  sorties.

  Palin did get an annual Air Force briefing in February.

  She asked a lot of questions and seemed generally curious, recalled
  Herritage, who was there. She was very interested in Russian long-
  range aviation.
  (END OF QUOTE)- Hide quoted text -

 - Show quoted text -
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Step into the light Democrats

2008-10-01 Thread Keith In Tampa
Hey Hollywood,

 It takes a quorom in the House and a 2/3's majority in the Senate to get a
Bill passed.  So, no, it was not that the Republicans who were incompetent
or in collusion, as the short video demonstrates, just the opposite was
happening.

The other day, Gaar mentioned that now was not the time to point fingers.  I
have come to the conclusion that it is the time to point fingers, and I
respectfully disagree with Gaar.

If now is not the time to point fingers, when is?   The fact is, we, the
people of America have been sold a bill of goods by the Democrats, and I
think that the Democrat Party needs to be exposed for the frauds that they
are.  Of course, they deny it, as they deny their whole agenda, when
confronted.

There is no American, (including you!) that can look at the facts
objectively, and come to any other conclusion, that the Democrats in this
Nation attempted to give free housing to those that could not afford it, and
pad their pockets in the process.  Don't get me wrong, there are some
Republicans that are caught up in this mix, and I want their ass hung out on
a sling too!

In truth and fact, (as the video depicted)  the Republicans have been
calling for Fannie Mae and Freddie Mac reform for at least four years, and
more like ten years!

If I find fault with the Republicans, it was that they were not yelling  and
screaming how bad our Nation's financial situation was, loud enough!   The
Republicans should be faulted for not raising the alarm bells long ago, and
informing the American people.  What I find despicable, is the likes of
Barney Frank and Chris Dodd now acting as if they did nothing wrong, and are
trying to lie their way out of it.  These are truly the ones that are
playing Partisan politics!

Here is the statement that Congressman Davis released to Sean Hannity
yesterday:


Like a lot of my Democratic colleagues I was too slow to appreciate the
recklessness of Fannie and Freddie. I defended their efforts to encourage
affordable homeownership when in retrospect I should have heeded the
concerns raised by their regulator in 2004. Frankly, I wish my Democratic
colleagues would admit when it comes to Fannie and Freddie, we were wrong.
By the way, I wish my Republican colleagues would admit that they missed the
early warning signs, that Wall Street deregulation was overheating the
securities market and promoting dangerously lax lending practices. When it
comes to the debacle in our capital markets, there is much blame to go
around for both sides.

http://www.foxnews.com/story/0,2933,431209,00.html



Bill Cliinton said on September 26, 2008:

I think the responsibility that the Democrats have may rest more in
resisting any efforts by Republicans in the Congress, or by me when I was
president, to put some standards and tighten up a little on Fannie Mae and
Freddie Mac.

http://hosted.ap.org/dynamic/stories/M/MELTDOWN_ADS?SITE=DCUSNSECTION=POLITICSTEMPLATE=DEFAULT



Although not perfect, Congressman Davis's statement still acknowledges my
point, and should make every American stand up and take note!  Congressman
Davis's statement goes on, in a partisan attempt to blame Republicans for
not tightening the regulatory scheme, when in fact, it was the Clinton
Administration and Robert Rubin who was pushing for the deregulation. Former
Goldman Sachs partner Robert Rubin, who was President Clinton's Treasury
Secretary. In a 1995 speech and testimony to Congress,  Rubin advocated the
Bill, and professed the Clinton Administration's intent to repeal the
Glass-Steagall Act:



The banking industry is fundamentally different from what it was two
decades ago, let alone in 1933….[T]he industry has been transformed into a
global business of facilitating capital formation through diverse new
products, services and markets. U.S. banks generally engage in a broader
range of securities activities abroad than is permitted domestically… Even
domestically, the separation of investment banking and commercial banking
envisioned by Glass-Steagall has eroded significantly.



*
http://www.theminorityreportblog.com/story/pilgrim/2008/09/19/the_players_in_paving_the_way_to_the_wall_st_meltdownmhtml:{F13FC907-ED16-4625-B99F-FC7402DA3B1C}mid://0154/!x-usc:http://www.theminorityreportblog.com/story/pilgrim/2008/09/19/the_players_in_paving_the_way_to_the_wall_st_meltdown
*

* *

By the mid 1990s, the Clinton Administration had in fact adopted a quota
system , and unabashedly favored expansion of, and the empowered  use of
the Community Reinvestment Act,  believing that a governmental response to
economic problems in inner cities is generally more effective than a market
solution. Eugene Ludwig,  President Clinton's Comptroller of the Currency
and head of the Office of the Comptroller and Currency, was a strong
proponent of expanding the reach of Community Reinvestment Act.  He said in
his confirmation hearing that his first priority as Comptroller would be to
eliminate discrimination from our financial 

Re: Prosecutors on Obama 'Truth Squad' sound retreat

2008-10-01 Thread VT Sean Lewis

LMAO,

Anyone with a brain knew that the response was to refute the lie
with the truth.

Another 'hollow' victory.

Hell, this article was a lie, no one said they were going to take
anyone to court. I posted this the first echo cycle this BS
came out.

On Sep 30, 6:24 am, mark [EMAIL PROTECTED] wrote:
 Missouri law officials, including public prosecutors, who were
 reportedly planning to respond immediately to any misleading
 advertisements against Barack Obama if they might violate Missouri
 ethics laws, have now backed off the intimidating implications of
 that report, promising that they have no intention of prosecuting
 anyone.

 As WND reported, prosecuting attorneys Bob McCulloch and Jennifer
 Joyce originally announced on KMOV-TV in St. Louis their participation
 in Obama's Truth Squad, pledging to defend the candidate from
 untruthful ads with an undefined immediate response.

 Whether it is directly attributable to the (McCain) campaign or to
 one of the soft money operations, McCulloch told the station, if
 they're not going to tell the truth, somebody's got to step up and
 say, 'That's not the truth. This is the truth.'

 The move prompted Missouri's governor to object that the prosecutors
 were using police state tactics to squelch information hurtful to
 the Obama campaign.

 What Senator Obama and his helpers are doing is scandalous beyond
 words, wrote Gov. Matt Blunt in a statement. The party that claims
 to be the party of Thomas Jefferson is abusing the justice system and
 offices of public trust to silence political criticism with threats of
 prosecution and criminal punishment.

 A spokesperson for St. Louis City Circuit Attorney Jennifer Joyce,
 however, told WND that the televised Truth Squad announcement was
 misunderstood.

 The only action they would take would be to provide truthful
 information to the public so they can make up their minds, said
 spokesperson Susan Ryan. Neither (Joyce) nor anybody involved in this
 has any intention of prosecuting anybody.

 When asked if the initial announcement suggested legal ramifications
 for crossing ethics laws in Missouri, Ryan confirmed, Unfortunately
 it did suggest that, but the 'Truth Squad' has no intention of
 prosecuting anyone for this.

 Further, Ryan insisted, attorneys McCulloch and Joyce are
 participating in the Truth Squad as part of their private
 citizenship, on their own time, and in no way in their capacity as
 prosecutors.

 That's not how they announced it, objected Gov. Blount in an
 interview on Fox TV's America's Newsroom talk show. They rolled it
 out as prosecutors willing to take actions as prosecutors.
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Re: Prosecutors on Obama 'Truth Squad' sound retreat

2008-10-01 Thread rigsy03

Obama, if elected, will wilt away his Messiah image quickly. Might be
the worst- beyond Bush 43.

On Oct 1, 12:41�am, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:
 are you really that foolish ?

 On Sep 30, 6:58�am, mark [EMAIL PROTECTED] wrote:



  murky murky murky. �can not you read? �there are quotes in there taken
  directly from the prosecutors own mouths saying they are part of a
  truth squad. �barry gestapo was found out and now they are trying to
  hide. �too late.

  On Sep 30, 6:52 am, mike532 [ Republicans for Obama ]

  [EMAIL PROTECTED] wrote:
   this is nothing more than the hysterical rantings of a republican
   propagandist !

   On Sep 30, 6:24 am, mark [EMAIL PROTECTED] wrote:

Missouri law officials, including public prosecutors, who were
reportedly planning to respond immediately to any misleading
advertisements against Barack Obama if they might violate Missouri
ethics laws, have now backed off the intimidating implications of
that report, promising that they have no intention of prosecuting
anyone.

As WND reported, prosecuting attorneys Bob McCulloch and Jennifer
Joyce originally announced on KMOV-TV in St. Louis their participation
in Obama's Truth Squad, pledging to defend the candidate from
untruthful ads with an undefined immediate response.

Whether it is directly attributable to the (McCain) campaign or to
one of the soft money operations, McCulloch told the station, if
they're not going to tell the truth, somebody's got to step up and
say, 'That's not the truth. This is the truth.'

The move prompted Missouri's governor to object that the prosecutors
were using police state tactics to squelch information hurtful to
the Obama campaign.

What Senator Obama and his helpers are doing is scandalous beyond
words, wrote Gov. Matt Blunt in a statement. The party that claims
to be the party of Thomas Jefferson is abusing the justice system and
offices of public trust to silence political criticism with threats of
prosecution and criminal punishment.

A spokesperson for St. Louis City Circuit Attorney Jennifer Joyce,
however, told WND that the televised Truth Squad announcement was
misunderstood.

The only action they would take would be to provide truthful
information to the public so they can make up their minds, said
spokesperson Susan Ryan. Neither (Joyce) nor anybody involved in this
has any intention of prosecuting anybody.

When asked if the initial announcement suggested legal ramifications
for crossing ethics laws in Missouri, Ryan confirmed, Unfortunately
it did suggest that, but the 'Truth Squad' has no intention of
prosecuting anyone for this.

Further, Ryan insisted, attorneys McCulloch and Joyce are
participating in the Truth Squad as part of their private
citizenship, on their own time, and in no way in their capacity as
prosecutors.

That's not how they announced it, objected Gov. Blount in an
interview on Fox TV's America's Newsroom talk show. They rolled it
out as prosecutors willing to take actions as prosecutors.- Hide 
quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread Zebnick

Christ, how do you libs get out of bed in the morning with all the
deadly threats that surround you and the myriad of conspiracies meant
to destroy you afoot?

On Oct 1, 11:24 am, Hollywood [EMAIL PROTECTED] wrote:
 rigs,

 Tough to find any liquid in a bottle NOT made of plastic anymore. When
 I was a kid milk and other liquids came in glass bottles and coated
 paper cartons.

 On Oct 1, 2:57 am, rigsy03 [EMAIL PROTECTED] wrote:



  There is data that plastics are absorbed into foods you nuke, pack or
  store. Glass or wax paper, preferred.

  On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:

   mike,

   Anyone considered who much oil is used in the making of plastics?

   On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

   [EMAIL PROTECTED] wrote:
America's dirty little oil secret: Plastic Bottles and
Bags                                America consumes 31.2 billion
water bottles a year taking 17.6 million barrels of oil to create
them. Enough to fuel 1.5 million cars for a year. America consumes 100
billion plastic bags a year taking 12 million barrels of oil. World
figures? 154.3 billion water bottles and 500 billion - 1 trillion
bags=147.4 - 207.4 million barrels of oil a year.

On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

[EMAIL PROTECTED] wrote:
 Editorial
 No More Plastic 
 Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
 Westport, Conn., this month became the latest of a handful of
 communities to ban some plastic bags. The bags, which have only a
 brief, useful life, can survive forever in landfills and are of
 enormous concern to not only environmentalists but local officials who
 are running out of places to put their trash.

  Westport’s ordinance will take effect in six months and applies to
 bags dispensed at checkout counters. Others, like dry cleaning bags,
 will be exempted. The aim is to reduce litter and encourage customers
 to tote their groceries in reusable cloth bags.

 The town’s stand is laudable but will have only a limited effect on
 what is, after all, a statewide problem. The Connecticut Legislature
 rebuffed a proposed statewide ban last year. Massachusetts and Maine
 considered similar bans and also backed down.

 Americans use and dispose of at least 100 billion bags every year.
 Although the plastics industry points out that plastic grocery bags
 are made more from natural gas than petroleum, natural gas is not a
 renewable resource and contributes to global warming. And about only 5
 percent of all plastic bags are recycled nationwide. The rest end up
 in the trash, hanging in trees or floating in water where they menace
 marine life.

 There are other possible remedies, including a constructive idea that
 has taken hold in Ireland. In 2002, Ireland became the first country
 in the world to impose a tax on plastic bags. Use of the bags dropped
 by 90 percent, and proceeds from the tax went to environmental causes.

 If Ireland is any guide, tax laws may have greater impact on human
 behavior than recycling laws. Tax law could also be written to apply
 to an entire state, thus eliminating the need for town-by-town bans.

 More Articles in Opinion » A version of this article appeared in print
 on September 30, 2008, on page A26 of the New York edition.- Hide 
 quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: Step into the light Democrats

2008-10-01 Thread Zebnick

The genesis of this problem came with Carter's community reinvestment
act. This legislation became a bludgeon for asshole activist groups
like ACORN to threaten banks with to lower their standards for
lending. Fannie and Freddie exacerbated the situation astonomically
when, pressured by the Clinton administration to provide more loans in
minority commiunities, lowered the lending guidelines (credit score,
downpayment amount, debt-to-income ratio). Banks and mortgage brokers
merrily complied (bank lending guidelines mirror Fannie or Freddie
guidelines so mortgages can be sold in lots), since these unwise loans
were just being combined into mortgage backed securities and sold to
Fannie, Freddie, brokerage houses, pension funds etc. It was a big
party of ineptitude and greed until the inevitable shit hit the fan
and the house of cards came down. Just another liberal, do-gooder
policy gone bad.

On Sep 29, 11:43 pm, Hollywood [EMAIL PROTECTED] wrote:
 Jim W,

 Far from your best effort lad. Long on hysterical rhetoric, short on
 common sense.
 Yes, the Democrats did give the people Social Security, Medicare and
 Medicaid. Your quite welcome.

 Why of course lad. I know just tons of burger-flippers at McD's that
 own homes worth $250,000.00. Dosen't everyone? Pure nonesense.

 Enjoyed the little youtube clip. The date I noted was late 2004. If
 I'm not mistaken the Republicans controlled both the Congress and the
 White House. And yet were either unwilling or unable to address
 effectively the problems you seem to see so clearly. Wonder why? In
 the case of unwilling, that would mean they were in conclusion with
 the evil Democrats. In the case of unable, that would make them
 incompetent. Wouldn't it?

 The current situation is the responsiblity of both Democrats and
 Republicans. And the media stopped doing their job decades ago. BOTH
 parties are simply desperately trying to avoid as much responsibility
 by throwing mud at the otehr and rapidly and thickly as possible.

 You lads have fun trying to blame all the problems of this country
 solely on Democrats and/or liberals. Let's just hang approx. 50% of
 the leadership of both parties and see if that helps get the point
 across.
  Your post was partisan bullshit. Very well written bullshit, but
 bullshit nevertheless.

 On Sep 29, 7:27 pm, Jim Willis [EMAIL PROTECTED]
 wrote:



  In a sane world, democrats would be too ashamed to show their faces in
  public much less have the unmitigated  audacity to blame President
  Bush and the republicans for our current financial woes. The common
  denominator in all of our market meltdowns is Freddie and Fannie, the
  sandbox of the Democratic Party. Democrats were in charge of the two
  behemoth bastions of bullish bloviating while their incestuous
  Democratic leaders in Washington held the curtain hiding their
  indiscretions. Good work if you can get it and by the way, our
  responsible media ignored the whole damn thing. And, this wasn’t an
  accidental oversight by powerful Democrats, oh no, what we have seen
  from the left only confirms a suspicion I’ve held for some time; they
  are out to destroy this country.

  There can be no other conclusion when an objective observation is
  undertaken. It was the democrats that gave us Social Security,
  Medicare and Medicaid. Suffer just one of these institutions hoisted
  upon the American taxpayer and insolvency will eventually follow. It
  is the democrats who insure we will continue to fund our enemies by
  placing our natural resources off limits. It is the democrats who
  created the sub-prime mortgage ensuring those flipping burgers at
  McDonalds are granted access to $250,000.00 homes. It was the
  democrats who created welfare thereby obligating taxpayers to support
  people they don’t know and lifestyles they are disapproving of. It is
  the democrats who reward poverty, a guarantee that we will have more
  of it. It is the democrats who punish success by engaging in class
  warfare and confiscatory tax burdens on achievement.

  By these acts and others, no reasonable contrarian explanation is
  possible. We have a party whose leadership is hell bent on destroying
  America as it currently exists. Exploring their motives for this
  destruction is Pavlovian in nature as a majority of the electorate
  cannot fathom such heresy. Yet, here it is, on display daily from the
  loony liberal left. Personally I care as much about their motives as I
  do about the latest Rap Song or what Brittney is doing these days; for
  me their motives are irrelevant and inconsequential. Our focus should
  not be on such trivialities or trappings but instead upon destroying
  them politically. And, for those huddled masses of democrats across
  the fruited plane they will have to look past their hatred of George
  Bush and realize their party has left them. Remember, Ronald Reagan
  began his political career as a democrat and said, “I didn’t leave the
  democrat party, they 

Re: Step into the light Democrats

2008-10-01 Thread KeithInTampa

Hey Zebnick,

I agree with everything that you wrote.  I would only emphasize, that
under the Clinton Administration, the Democrats exacerbated the
situation, (like your example with ACORN)  and these individuals,
specifically Barney Frank who still heads the House Banking and
Financial Services Committee, should be investigated, and forced to
resign is position.



On Oct 1, 1:29 pm, Zebnick [EMAIL PROTECTED] wrote:
 The genesis of this problem came with Carter's community reinvestment
 act. This legislation became a bludgeon for asshole activist groups
 like ACORN to threaten banks with to lower their standards for
 lending. Fannie and Freddie exacerbated the situation astonomically
 when, pressured by the Clinton administration to provide more loans in
 minority commiunities, lowered the lending guidelines (credit score,
 downpayment amount, debt-to-income ratio). Banks and mortgage brokers
 merrily complied (bank lending guidelines mirror Fannie or Freddie
 guidelines so mortgages can be sold in lots), since these unwise loans
 were just being combined into mortgage backed securities and sold to
 Fannie, Freddie, brokerage houses, pension funds etc. It was a big
 party of ineptitude and greed until the inevitable shit hit the fan
 and the house of cards came down. Just another liberal, do-gooder
 policy gone bad.

 On Sep 29, 11:43 pm, Hollywood [EMAIL PROTECTED] wrote:



  Jim W,

  Far from your best effort lad. Long on hysterical rhetoric, short on
  common sense.
  Yes, the Democrats did give the people Social Security, Medicare and
  Medicaid. Your quite welcome.

  Why of course lad. I know just tons of burger-flippers at McD's that
  own homes worth $250,000.00. Dosen't everyone? Pure nonesense.

  Enjoyed the little youtube clip. The date I noted was late 2004. If
  I'm not mistaken the Republicans controlled both the Congress and the
  White House. And yet were either unwilling or unable to address
  effectively the problems you seem to see so clearly. Wonder why? In
  the case of unwilling, that would mean they were in conclusion with
  the evil Democrats. In the case of unable, that would make them
  incompetent. Wouldn't it?

  The current situation is the responsiblity of both Democrats and
  Republicans. And the media stopped doing their job decades ago. BOTH
  parties are simply desperately trying to avoid as much responsibility
  by throwing mud at the otehr and rapidly and thickly as possible.

  You lads have fun trying to blame all the problems of this country
  solely on Democrats and/or liberals. Let's just hang approx. 50% of
  the leadership of both parties and see if that helps get the point
  across.
   Your post was partisan bullshit. Very well written bullshit, but
  bullshit nevertheless.

  On Sep 29, 7:27 pm, Jim Willis [EMAIL PROTECTED]
  wrote:

   In a sane world, democrats would be too ashamed to show their faces in
   public much less have the unmitigated  audacity to blame President
   Bush and the republicans for our current financial woes. The common
   denominator in all of our market meltdowns is Freddie and Fannie, the
   sandbox of the Democratic Party. Democrats were in charge of the two
   behemoth bastions of bullish bloviating while their incestuous
   Democratic leaders in Washington held the curtain hiding their
   indiscretions. Good work if you can get it and by the way, our
   responsible media ignored the whole damn thing. And, this wasn’t an
   accidental oversight by powerful Democrats, oh no, what we have seen
   from the left only confirms a suspicion I’ve held for some time; they
   are out to destroy this country.

   There can be no other conclusion when an objective observation is
   undertaken. It was the democrats that gave us Social Security,
   Medicare and Medicaid. Suffer just one of these institutions hoisted
   upon the American taxpayer and insolvency will eventually follow. It
   is the democrats who insure we will continue to fund our enemies by
   placing our natural resources off limits. It is the democrats who
   created the sub-prime mortgage ensuring those flipping burgers at
   McDonalds are granted access to $250,000.00 homes. It was the
   democrats who created welfare thereby obligating taxpayers to support
   people they don’t know and lifestyles they are disapproving of. It is
   the democrats who reward poverty, a guarantee that we will have more
   of it. It is the democrats who punish success by engaging in class
   warfare and confiscatory tax burdens on achievement.

   By these acts and others, no reasonable contrarian explanation is
   possible. We have a party whose leadership is hell bent on destroying
   America as it currently exists. Exploring their motives for this
   destruction is Pavlovian in nature as a majority of the electorate
   cannot fathom such heresy. Yet, here it is, on display daily from the
   loony liberal left. Personally I care as much about their motives as I
   do about the latest Rap 

Re: This week is going to be a Test in the Markets...

2008-10-01 Thread Gaar

On Oct 1, 6:00 am, margareth [EMAIL PROTECTED] wrote:
 This has been
 a good thing for the last (almost) thirty years because the funds have
 been allowed to grow on behalf of their owners.  

It has been a good thing for more than 30 Years...

Pick ANY 10 Year Period, for the last 150 Years or so, and you will
find that the Stock Market out performs ANY OTHER Investment Vehicle,
bar none.

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Re: Breaking News from Bloomberg’s confirms the failure of the bailout and “the death agony of capitalism” (Leon Trotsky) And the fat lady sings…………………… .

2008-10-01 Thread Gaar

On Sep 30, 4:44 pm, M.A. Johnson [EMAIL PROTECTED] wrote:
 MJ
 scratches head


The have Shampoos for that sort of thing...

;-)

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Gwen Ifil: Negroes For Obama

2008-10-01 Thread d.b.baker

Meet the moderator:

[Q] - Gwen Ifill of the Public Broadcasting Service program
Washington Week is promoting The Breakthrough: Politics and Race in
the Age of Obama, in which she argues the black political structure
of the civil rights movement is giving way to men and women who have
benefited from the struggles over racial equality.

Ifill declined to return a WND telephone message asking for a comment
about her book project and whether its success would be expected
should Obama lose. But she has faced criticism previously for not
treating candidates of both major parties the same.

During a vice-presidential candidate debate she moderated in 2004 –
when Democrat John Edwards attacked Republican Dick Cheney's former
employer, Halliburton – the vice president said, I can respond, Gwen,
but it's going to take more than 30 seconds.

Well, that's all you've got, she told Cheney.

Ifill told the Associated Press Democrats were delighted with her
answer, because they thought I was being snippy to Cheney. -
http://www.wnd.com/index.php?fa=PAGE.viewpageId=76645

Thanks, Affirmative Action. Thanks, Public Broadcasting.


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Re: Where does it say...

2008-10-01 Thread Gaar

Something tells me that Liberals like to think that their Reading
between the Lines counts...


On Oct 1, 4:01 am, Cold Water [EMAIL PROTECTED] wrote:
  attackpq4.jpg
 53KViewDownload
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Re: An Open Letter to my Friends on the Left

2008-10-01 Thread Gaar

And who is tied right in the middle of this entire mess, with his
Community Service work for ACORN?

Why that would be none other than Barack Obama.


On Sep 30, 8:56 pm, M.A. Johnson [EMAIL PROTECTED] wrote:
 In the early 1990s, Congress eased Fannie and Freddie's lending requirements 
 (to 1/4th the capital required by regular commercial banks) so as to increase 
 their ability to lend to poor areas. Congress also created a regulatory 
 agency to oversee them, but this agency also had to reapply to Congress for 
 its budget each year (no other financial regulator must do so), assuring that 
 it would tell Congress exactly what it wanted to hear: things are fine. In 
 1995, Fannie and Freddie were given permission to enter the subprime market 
 and regulators began to crack down on banks who were not lending enough to 
 distressed areas. Several attempts were made to rein in Fannie and Freddie, 
 but Congress didn't have the votes to do so, especially with both 
 organizations making significant campaign contributions to members of both 
 parties. Even the New York Times as far back as 1999 saw exactly what might 
 happen thanks to this very unfree market, warning of a need to bailout Fannie 
 and Freddie if the housing market dropped.An Open Letter to my Friends on 
 the LeftSteven Horwitz
 Department of Economics
 St. Lawrence University
 [EMAIL PROTECTED]
 September 28, 2008
 My friends,
 In the last week or two, I have heard frequently from you that the current 
 financial mess has been caused by the failures of free markets and 
 deregulation. I have heard from you that the lust after profits, any profits, 
 that is central to free markets is at the core of our problems. And I have 
 heard from you that only significant government intervention into financial 
 markets can cure these problems, perhaps once and for all. I ask of you for 
 the next few minutes to, in the words of Oliver Cromwell, consider that you 
 may be mistaken. Consider that both the diagnosis and the cure might be 
 equally mistaken.
 Consider instead that the problems of this mess were caused by the very kinds 
 of government regulation that you now propose. Consider instead that effects 
 of the profit motive that you decry depend upon the incentives that 
 institutions, regulations, and policies create, which in this case led 
 profit-seekers to do great damage. Consider instead that the regulations that 
 may have been the cause were supported by, as they have often been throughout 
 US history, the very firms being regulated, mostly because they worked to 
 said firms' benefit, even as they screwed the rest of us. Consider all of 
 this as you ask for more of the same in the name of fixing the problem. And 
 finally, consider why you would ever imagine that those with wealth and power 
 wouldn't rig a new regulatory process in their favor.
 One of the biggest confusions in the current mess is the claim that it is the 
 result of greed. The problem with that explanation is that greed is always a 
 feature of human interaction. It always has been. Why, all of a sudden, has 
 greed produced so much harm? And why only in one sector of the economy? After 
 all, isn't there plenty of greed elsewhere? Firms are indeed profit seekers. 
 And they will seek after profit wherethe institutional incentives are such 
 that profit is available.In a free market, firms profit by providing the 
 goods that consumers want at prices they are willing to pay. (My friends, 
 don't stop reading there even if you disagree - now you know how I feel when 
 you claim this mess is a failure of free markets - at least finish this 
 paragraph.) However, regulations and policies and even the rhetoric of 
 powerful political actors can change the incentives to profit. Regulations 
 can make it harder for firms to minimize their risk by requiring that they 
 make loans to marginal borrowers. Government institutions can encourage banks 
 to take on extra risk by offering an implicit government guarantee if those 
 risks fail. Policies can direct self-interest into activities that only serve 
 corporate profits, not the public.
 Many of you have rightly criticized the ethanol mandate, which made it 
 profitable for corn growers to switch from growing corn for food to corn for 
 fuel, leading to higher food prices worldwide. What's interesting is that you 
 rightly blamed the policy and did not blame greed and the profit motive! The 
 current financial mess is precisely analogous.No free market economist thinks 
 greed is always good.What we think is good are institutions that play to 
 the self-interest of private actors by rewarding them for serving the public, 
 not just themselves. We believe that's what genuinely free markets do. Market 
 exchanges aremutuallybeneficial. When the law messes up by either poorly 
 defining the rules of the game or trying to override them through regulation, 
 self-interested behavior is no longer economically mutually 

Vote for Oil Sanity

2008-10-01 Thread [EMAIL PROTECTED]

VOTE FOR OIL SANITY

During the McCain /Obama debate of 9-26-08, Senator Obama repeated his
frequent claim that we can’t drill our way out of our petroleum
problem.  He is absolutely correct provided the Democrats win this
election.

The congressional ban on exploration and production of oil and natural
gas on 85% of our offshore areas expired on October 1, 2008.  These
offshore areas contain an estimated 85.9 billion barrels of oil.1  Our
total consumption of oil is 2007 was 7.4 billion barrels of oil.2
This area could therefore produce an estimated 100% of our oil
consumption for over 11 years.

On 8-25-08, Senator Obama said that if we inflated our tires to the
proper level, we would reduce our oil consumption by 3 to 4% and
probably save more oil than we’d get from Senator McCain’s plan to
eliminate the offshore drilling ban.3

The Democrats have vowed to reinstate this ban on exploration and
drilling right after they win the election.  Our reserves could be
much larger than the above estimates because exploration has been
banned for 26 years and exploration technology has greatly improved
during that period.

The 26 year drilling ban on 85% of our offshore territory which the
Democrats promise to reimpose have caused our excessive gasoline
prices and bankrupted our economy.  The hundreds of billions of
dollars which we presently pay to our enemies each year is a major
cause of our financial crisis.

The economy of our enemies in Russia, Venezuela and Iran are
completely dependent on their oil and natural gas revenue.  We need a
new drilling objective.  Our objective should be to drastically lower
the world price of oil and natural gas.  We would do this if we
produced the oil we consume.

We need an emergency strategic plan which includes massive drilling
with the highest of priorities.  It is now obvious that the potential
dangers to the environment caused by drilling or by more carbon
dioxide emissions are minimal compared to the present real danger of
survival.

All federal restrictions on drilling and exploration should be
permanently abolished.  The affected States should decide where
drilling is prohibited.

Our ultimate strategic plan should also include nuclear electrical
power generation and battery-powered vehicles.  We will, however,
continue to require oil and natural gas because they are essential raw
materials for many vital industries.

If we will unleash our Free Enterprise System to solve the world’s
petroleum problems, we will prove once again the superiority of our
system to the oppressive systems of our enemies.


A Patriotic Citizen



1.  http://en.wikipedia.org/wiki/Oil reserves
2.  http://tonto.eia.doe.gov/dnav/pet/pet crd crpdn adc mbbl m htm
3.  http://blogs/abcnews.com/poloticalpunch/2008/08/obama-pushes-ba.html

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Re: Inside Obama’s ACORN

2008-10-01 Thread Gaar

Hm...

Seems none of the Liberals/Democrats want to discuss Barack Obama's
Prime Time Role in this Financial mess.

Anyone wonder why?


On Sep 30, 10:36 am, d.b.baker [EMAIL PROTECTED] wrote:
 Good work, Gaar.

 Let's hope McCain forcefully addresses Obama's connection to ACORN.

 On Sep 30, 1:16 pm, Gaar [EMAIL PROTECTED] wrote:



 http://article.nationalreview.com/?q=NDZiMjkwMDczZWI5ODdjOWYxZTIzZGIy...

  Foundation Money

  Although it’s been noted in an important story by John Fund, and in a
  long Obama background piece in the New York Times, more attention
  needs to be paid to possible links between Obama and Acorn during the
  period of Obama’s service on the boards of two charitable foundations,
  the Woods Fund and the Joyce Foundation.

  According to the New York Times, Obama’s memberships on those
  foundation boards, “allowed him to help direct tens of millions of
  dollars in grants” to various liberal organizations, including Chicago
  Acorn, “whose endorsement Obama sought and won in his State Senate
  race.” As best as I can tell (and this needs to be checked out more
  fully), Acorn maintains both political and “non-partisan” arms. Obama
  not only sought and received the endorsement of Acorn’s political arm
  in his local campaigns, he recently accepted Acorn’s endorsement for
  the presidency, in pursuit of which he reminded Acorn officials of his
  long-standing ties to the group.

  Supposedly, Acorn’s political arm is segregated from its “non-
  partisan” registration and get-out-the-vote efforts, but after reading
  Foulkes’ case study, this non-partisanship is exceedingly difficult to
  discern. As I understand, it would be illegal for Obama to sit on a
  foundation board and direct money to an organization that openly
  served as his key get-out-the-vote volunteers on Election Day. I’m not
  saying Obama crossed a legal line here: Based on Foulkes’ account,
  Acorn’s get-out-the-vote drive most likely observed the technicalities
  of “non-partisanship.”

  Nevertheless, the possibilities suggested by a combined reading of the
  New York Times piece and the Foulkes article are disturbing. While
  keeping within the technicalities of the law, Obama may have been able
  to direct substantial foundation money to his organized political
  supporters. I offer no settled conclusion, but the matter certainly
  warrants further investigation and discussion. Obama is supposed to be
  the man who transcends partisanship. Has he instead used his post at
  an allegedly non-partisan foundation to direct money to a supposedly
  non-partisan group, in pursuit of what are in fact nakedly partisan
  and personal ends? I have no final answer, but the question needs to
  be pursued further.

  In fact, the broader set of practices by which activist groups pursue
  intensely partisan ends under the guise of non-partisanship merits
  further scrutiny. Consider the 2006 report by Jonathan Bechtle, “Voter
  Turnout or Voter Fraud?” which includes a discussion of the nexus
  between Project Vote and Acorn, a nexus where Obama himself once
  resided. According to Bechtle, “It’s clear that groups that claimed to
  be nonpartisan wanted a partisan outcome,” and reading Foulkes’s case
  study of Acorn’s role in Obama’s U.S. Senate campaign, one can’t help
  but agree.

  Radical Obama
  Important as these questions of funding and partisanship are, the
  larger point is that Obama’s ties to Acorn — arguably the most
  politically radical large-scale activist group in the country — are
  wide, deep, and longstanding. If Acorn is adept at creating a non-
  partisan, inside-game veneer for what is in fact an intensely radical,
  leftist, and politically partisan reality, so is Obama himself. This
  is hardly a coincidence: Obama helped train Acorn’s leaders in how to
  play this game. For the most part, Obama seems to have favored the
  political-insider strategy, yet it’s clear that he knew how to play
  the in-your-face “direct action” game as well. And surely during his
  many years of close association with Acorn, Obama had to know what the
  group was all about.

  The shame of it is that when the L. A. Times returned to Obama’s
  stomping grounds, it found the park he’d helped renovate reclaimed by
  drug dealers and thugs. The community organizer strategy may generate
  feel-good moments and best-selling books, but I suspect a Wal-Mart as
  the seed-bed of a larger shopping complex would have done far more to
  save the neighborhood where Obama worked to organize in the
  “progressive” fashion. Unfortunately, Obama’s Acorn cronies have
  blocked that solution.

  In any case, if you’re looking for the piece of the puzzle that
  confirms and explains Obama’s network of radical ties, gather your
  Acorns this spring. Or next winter, you may just be left watching the
  “President from Acorn” at his feast.

  — Stanley Kurtz is a senior fellow at the Ethics and Public Policy
  Center and an NRO 

Re: Bostonians Calling For Barney Frank's Head

2008-10-01 Thread Gaar

On Oct 1, 6:31 am, Travis [EMAIL PROTECTED] wrote:
 Lard-ass Frank is an excellent example of why we need term limits on the
 bastards.


Yeah, let's hole EVERYONE to the same standard we want to hold the
least common denominator to?!?!?!?!?

I don't get this line of thinking?

If we find someone who we like and that does the Job well, why
shouldn't we be allowed to Elect them as many times as we like?

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Re: Just let a Racehorse Run

2008-10-01 Thread Gaar

I say, get her up to speed on this whole ACORN thing, and let her
loose on Obama...


On Sep 30, 6:01 pm, Jim Willis [EMAIL PROTECTED]
wrote:
 Don’t you just wish John McCain would shut the hell up? I mean really,
 if the highlight of his speech is a critical guess as to the angle of
 his comb over then why even bother. If I hear from him once more that
 now is not the time for blame and what is needed is bi-partisanship I
 swear I’m going to break a chair on that comb over thus creating a
 permanent part.
 If this isn’t the time for partisanship and blame someone please tell
 me when the time is. That’s the problem with this anointed bailout. No
 blame has been assigned as have no remedies been proffered that would
 repair the financial policies that led us to the precipice. I want to
 see the perp walk of Fannie and Freddie executives, “all democrats”
 and attend the perfunctory water boarding and summary hanging. I need
 that for closure. Look, there is a small circle of liberal democrats
 who almost brought down our entire economy and friggin John McCain
 doesn’t want to assign blame.
 Fine John, but please stop adulterating our Sarah by having her parrot
 your talking points. You know, you can take this to the bank, when
 McCain does anything to rally the conservative base, you can bet your
 ass he will eventually spit in our eye.
 What the white haired Napoleon doesn’t get is that this is a gold
 mine, not just for him but the entire Republican Party. We have the
 democrats, bent over with their shorts down and John McCain is
 offering lube.
 Now is not the time to go milquetoast, now is the time to go mad dog
 mean and take it to these greedy social engineers and mop the damn
 floor with them. It’s time to take the gloves off John and go medieval
 on these mental midgets and rap this thing up.
 Look, if you don’t have the testicular fortitude to boat this bass
 then take your bulldog of the leash and watch it all on Fox news. Stop
 trying to turn Sarah into a republican stepford wife and let her be
 her.
 Let’s face it, and UN-deny an undeniable truth, McCain is in this only
 because of the plot twist that is Sarah Palin. She is his ticket to
 ride. McCain needs to stop treating her like a plow horse and let her
 run like the thorough bred she is. If you want to win John, if I may
 call you John is this; the democrats own this financial meltdown and
 you seem unwilling to actually pin that tail on their donkey. Let
 Sarah do it and stop controlling her. Put Sarah in the coliseum with
 those rascally democrat lions. My guess is they’ll be a rug on her
 vice presidential floor.
 Conservative Springfield 30 Sep 08
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Re: New Posts

2008-10-01 Thread Gaar

There are plenty of discussions happening here on all sorts of Topics.

No one decides what is important for other's here...

I find it curious that you don't join some of the discussions that ARE
in fact discussing the most important issues and instead decide to
complain that there are not enough of them?

Care to join the ACORN discussion, and explain why you believe Barack
Obama should not be held responsible for his Role in this Financial
mess we are in?


On Sep 29, 4:54 pm, SgtUSMC [EMAIL PROTECTED] wrote:
 I'm just glad to see Mark's and Travis' ridiculous spamming of the
 board when there is a legitimate subject to be discussed.

 I came here in hopes that people would be having a discussion of the
 most important issue of the day. My bad.
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Re: This week is going to be a Test in the Markets...

2008-10-01 Thread Gaar

Yes rigs, we do admire the System...

Because for each failure and corrupt person there are many more who do
the right thing, we just don't hear about them, like we do the
criminals.

We Americans seem to be fixated on the terrible side of our Society,
while ignoring the things that have, and continue to make us a Great
Nation.


On Oct 1, 2:00 am, rigsy03 [EMAIL PROTECTED] wrote:
 Capital gains penalities are just that- you pay when you inherit- pay
 when you sell- pay when you make a profit. So some sit on land and
 valuables and there is no action. In the meantime, inflation and the
 Antiques Roadshow soars the supposed value. Look at your property
 taxes! Then remind yourself that you accepted being entrapped by an
 effete system.//If banks think so little of savings rewards and so
 much of debt interest, why should we care if they fail?// If Wall
 Street rewards speculators instead of investors, do we really admire
 this system?

 On Sep 29, 7:58 pm, Jim Willis [EMAIL PROTECTED]
 wrote:



  As much as I hate to, I have to disagree with you Garr. If we do
  nothing we will face a 18 month recession. If we bail out Wall Street
  and support the behavior that got us here, we will suffer a TEN YEAR
  DEPRESSION. Government can play a role however. They could cut capital
  gains taxes to zero and follow that with a cut or removal of corporate
  tax rates. This would infuse trillions of dollars into the markets and
  make this a private bailout. What must be remembered is how we got
  here, a subject that no one has addressed. Freddie and Fannie,
  conjoined with the democrats. Someone needs to go to jail and the best
  place to start is Cristopher Dodd and Barney Frank.

  On Sep 29, 7:44 pm, Gaar [EMAIL PROTECTED] wrote:

   If we do nothing the average American will suffer, regardless if they
   had anything to do with it or not...

   On Sep 29, 5:36 pm, SgtUSMC [EMAIL PROTECTED] wrote:

I really don't give a damn about you or the guy next door. I believe
in the constitution. You take your Bush bailout if you want it. When
the economy fails, I'll be here, eating squirrel, 'possum, and 'coon
with Travis.

I'd like to know when you started supporting the Dems. I wouldn't
assume you knew this was a Bush bailout.

I'm not surprised to find that, even when I oppose the Dems, we are
still have opposing views. I stand for the country without regard to
party. You stand with the Dems only because they want to pass the Bush/
Paulson plan.

On Sep 29, 8:07 pm, Gaar [EMAIL PROTECTED] wrote:

 Nearly 2/3 of All American own Stocks...

 I guess you believe the guy next door is an Elitist.

 On Sep 29, 4:52 pm, SgtUSMC [EMAIL PROTECTED] wrote:

  Who gives a shit about the elite markets. What about the average
  American?

  On Sep 29, 3:49 pm, Gaar [EMAIL PROTECTED] wrote:

   WIth the Jewish Holiday, we are not likely to see any Legislation
   until the end of the week.

   This is going to show us just how strong our Markets/Economy truly
   is...- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -- Hide quoted text -

- Show quoted text -- Hide quoted text -

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Regulators approve U.K. bank rescue

2008-10-01 Thread Gaar

http://www.iht.com/articles/2008/10/01/business/01bradford.php

BRUSSELS: European Union regulators on Wednesday cleared the British
government's rescue of mortgage lender Bradford  Bingley, saying it
did not violate rules on government aid to companies.

The measures described can be authorized as rescue aid in line with
the EU guidelines on state aid for rescuing and restructuring or
liquidating firms in difficulty, the European Commission said in a
statement.

The British government on Monday said it was taking over Bradford 
Bingley's £50 billion, or $89 billion, mortgage and loan books as
turmoil from the U.S. credit crisis spread across Europe.

Prime Minister Gordon Brown said the move was needed to stabilize the
financial system.

EU regulators need to approve government aid to companies and the
Commission moved fast to clear the deal.

The British government also paid out £18 billion to facilitate the
sale of Bradford  Bingley's savings business, including its entire
retail branch network, to Banco Santander of Spain.

Santander, the second largest bank in Europe, said it will be paying
£612 million for Bradford  Bingley's 197 branches and £20 billion of
deposits.

Bradford  Bingley was the third major British bank to run into
trouble since credit crunch began just over a year ago. Northern Rock
was nationalized in February, and HBOS sold itself to Lloyds TSB Group
on Sept. 18, to stem a sharply falling share price.

The EU said the state funding to enable the sale of Bradford 
Bingley's deposit book and the working capital and guarantee
arrangements represented state aid, but it could be permitted under EU
rules allowing for urgent structural measures.

The regulators found that Santander had not received any state aid as
it had paid the market price for Bradford  Bingley's retail deposit
business.

The EU said British authorities had promised to give them a
restructuring plan for Bradford  Bingley by March 29.

Bradford  Bingley was particularly vulnerable to the credit crunch
because it specializes in buy-to-let mortgages.

Rising mortgage rates mean that investors who took out loans to buy
properties for renting out are no longer able to cover their mortgages
repayments with their rental income, and many are defaulting on the
loans, especially the 17 percent of Bradford  Bingley borrowers whose
incomes had not been verified by the bank.


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545 PEOPLE

2008-10-01 Thread Gaar

545  PEOPLE
By  Charlie  Reese

Politicians are the only people in the world who create problems and
then campaign against them.

Have you ever wondered why, if both the  Democrats and the Republicans
are against deficits,  WHY  do we have deficits?

Have you ever wondered  why, if  all the politicians are against
inflation and high taxes, WHY do  we have inflation and high taxes?

You and I don't  propose a federal budget.   The president does.

You and I don't have the Constitutional authority to vote  on
appropriations.   The House of Representatives does.

You and I don't write the tax code, Congress does.

You and I don't set fiscal policy, Congress does.

You and I don't control monetary policy, the Federal  Reserve Bank
does.

One hundred senators, 435 congressmen,  one president, and nine
Supreme Court justices  -5 45  human beings out of the 300 million -
are directly, legally, morally, and individually responsible for the
domestic problems that plague this country.

I excluded the  members of the Federal Reserve Board because that
problem was created by the Congress.   In 1913, Congress  delegated
its Constitutional duty to provide a sound currency to a  federally
chartered, but private, central bank.

I  excluded all the special interests and lobbyists for a sound
reason.   They have no legal authority.   They  have no ability to
coerce a senator, a congressman, or a president  to do one cotton-
picking thing.   I don't care if they  offer a politician $1 million
dollars in cash.   The  politician has the power to accept or reject
it.  No matter  what the lobbyist promises, it is the legislator's
responsibility  to determine how he votes.

Those 545 human beings spend much of their energy convincing you that
what they did is not their fault.  They cooperate in this common con
regardless of party.

What separates a  politician from a normal human being is an excessive
amount of gall.   No normal human being would have the gall of a
Speaker, who stood up and criticized the President for creating
deficits.   The president can only propose a  budget.   He cannot
force the Congress to accept  it.

The Constitution, which is the supreme law of the land, gives sole
responsibility to the House of  Representatives for originating and
approving appropriations and  taxes.Who is the speaker of the
House?She is the leader of the majority party.   She and fellow
House members, not the president, can approve any  budget they
want.If the president vetoes it, they can pass it over his veto if
they agree to.

It seems inconceivable to me that a nation of 300 million can not
replace 545 people who stand convicted -- by present facts -- of
incompetence and  irresponsibility.   I can't think of a single
domestic problem that is not traceable directly to those 545
people.When you fully grasp the plain truth that 545 people
exercise the power of the federal government, then it must follow that
what exists is what they want to exist.

If the tax code is unfair, it's because they want it unfair.

If the budget is in the red, it's because they want it in the red.

If the Army  Marines are in IRAQ, it's because they want them in
IRAQ.

If they do not receive social  security but  are on an elite
retirement plan not available to the people, it's because they want it
that way.   There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they
hire and whose jobs they can abolish; to lobbyists, whose gifts and
advice they can reject; to regulators, to whom they give the power to
regulate and from whom they can take this power.Above all, do not
let them con you into the belief that there exists disembodied
mystical forces like 'the economy,'  'inflation,' or 'politics' that
prevent them from doing what they take an oath to do.

Those  545 people, and they alone, are responsible.

They, and they alone, have the power.

They, and they alone, should be held accountable by the people who are
their bosses provided  the voters have the gumption to manage their
own employees.

We should vote all of them out of office and clean up their mess!


Charlie  Reese is a former columnist of the Orlando Sentinel
Newspaper.


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Navratri Nightmare

2008-10-01 Thread PalashKL

NAVRATRI NIGHTMARE

Troubled Galaxy Destroyed Dreams: Chapter 75

Palash Biswas

Navratri nightmare
A stampede — not terrorism — has killed 147 devotees, many of them
young, in a country where faith runs deep but not the belief in
perfecting fool-proof crowd management methods. ... | Read..


Jail jolt to Rizwan officer
Ajoy Kumar today became the first IPS officer to be sent to jail in
Bengal in recent memory. ... | Read..


Act or fact? Over to you, your honour
If you have proficiency in English, some knowledge of cricket and do
not “imagine anything in the mind”, are you an actor? ... | Read..


Suicide glare on bosses
Police are on the lookout for two managers of Nokia, the telecom
company, to investigate allegations that they drove a young engineer
to death. ... | Read..

TIME FOR A MEAL
In West Bengal, people have to die, preferably in noticeably large
numbers, of having nothing to eat before the government starts talking
about starvation. Then, too, most of the talk is about how the deaths
are caused by disease rather than starvation, never mind if the
diseases themselves — tuberculosis or dysentery — are because of acute
scarcity of food forcing people to live on ants’ eggs or even just
soil. This time, it is a survey by the government itself that has
decided to come clean with West Bengal’s shocking starvation
statistics — with the familiar hedging, of course, around what exactly
to call the phenomenon. Around five lakh people, most of them above 60
years old, live in “starvation-like” conditions. (What, one wonders,
is the difference between living as if one were starving and actually
starving? Is the former better, or less uncomfortable for the
government, than the latter?) The concentration of the starved,
according to the survey, is in the districts that have been
intermittently in the news, for years, precisely for this reason. And
something else that is not new is the junior panchayat and rural
development minister’s knee-jerk, and entirely ad hoc, offer of a
solution in the form of serving one or two cooked meals to those who
prove themselves to be in such a condition.
Brazen denial of the facts, short-term and politically advantageous
solutions, and refusing to look at the larger systemic factors have
always constituted the Left Front government’s familiar and expected
reaction to starvation. Be they the displaced tribals of Amlashol or
the out-of-work labourers and their families in north Bengal’s tea-
gardens, the government has chronically refused to deal with the
situation by addressing the fundamental causes of why people are
failing to provide themselves with food. This time, the irony is in
the fact that the very panchayats that have failed to make the public
distribution system and the National Rural Employment Guarantee Scheme
work among the rural poor are now planning to provide meals to the
starving, or the quasi-starving. From the distribution of below-
poverty-line or job cards, to the deflecting of the PDS rice to the
open market, both systems are mired in the corruption and greed of
politically empowered middle-men. This had even led to an extended
outbreak of food riots in the recent past. Nothing about this survey,
and about the government’s reaction to it, is new or cause for any
fresh hope.


Deep declarations
What the PM talked about when he talked about love
Prime Minister Manmohan Singh’s declaration of “deep love” among
Indians for the president of the United States of America, George W.
Bush, needs to be defended. Or at least put into context. As one of
the two score or so men and women — including of... | Read..

http://www.telegraphindia.com/1081001/jsp/opinion/index.jsp


Decline in capital inflows as a result of ongoing global financial
turmoil may see India's foreign exchange reserves depleting by USD 39
billion during 2008-09, says a report by global banker Goldman Sachs!


US congressional blessing is the last hurdle to the Indo US Nuclear
deal and the strategical pact, which the Bush administration believes
will secure a strategic partnership with the world's largest
democracy, help India meet its rising energy demand and open up a
market worth billions! It helped the Much wanted resurgence of Indian
market, finance and money as well!

US Senate Majority Leader Harry Reid on Tuesday scheduled a vote for
Wednesday evening on a deal to end the three-decade ban on US civilian
nuclear trade with India, a Senate aide said.
President George W Bush wants to secure the agreement before he leaves
office on January 20 and the State Department has mounted an all-out
effort, including phone calls and visits to the Capitol by Rice, to
win passage.

The deal passed the House of Representatives by a margin of 298-117 on
Saturday and the Democrats who control the Senate appeared to have
overcome opponents within their own party.

Extending its gains for the second straight day the Bombay Stock
Exchange benchmark Sensex today regained the 13,000-point level on the
back of 

The Corporate State Fails

2008-10-01 Thread M.A. Johnson




The Corporate State Fails
by

Sheldon Richman,
October 1, 2008
According to popular myth, the current financial turmoil is the
result of Bush administration deregulation. One problem with that theory:
there was no deregulation. The last banking deregulation, the
Gramm-Leach-Bliley bill, was signed by President Bill Clinton in 1999.
Oops. 
Gramm-Leach-Bliley undid the New Deal-era Glass-Steagall Act, which ­ for
no good reason ­ separated commercial banking from investment banking.
The act was finally scrapped because the artificial separation of banking
functions prevented diversification and made American banks vulnerable to
full-service foreign competition. Repeal of Glass-Steagall doesn’t mean
banks have not been subject to myriad regulations by the federal and
state governments. Besides, Glass-Steagall has nothing to do with today’s
troubles. 
So the turmoil is not the spawn of deregulation. What then? We
distinguish between regulation and intervention. It is possible for the
government to abstain from regulating while still intervening ruinously
in markets. 
For example ­ and this is at the root of the current problems ­ the
government can subsidize, underwrite, or even require foolish lending
practices that the free market would prevent or punish. Such a program is
every bit as interventionist as restrictive regulation is because it
keeps the market process from working properly. The financial debacle can
be fully accounted for by the government’s decades-long campaign to
enable people to buy more housing than they can afford and then to
underwrite the mortgages through its creations Fannie Mae and Freddie
Mac, i.e., the taxpayers. 
To put it in the simplest terms: Republican and Democratic governments
deliberately shifted the risk of dubious mortgage-writing from lenders
and borrowers to the public. This has been portrayed as a noble effort to
make the American Dream accessible to all, regardless of income or
credit-worthiness. In fact, it was a massive subsidy to special economic
interests: bankers, homebuilders, and the real-estate profession.

It was the corporate state in action, and a dismal failure. 
So now the taxpayers are to be forced to make good on the guarantees that
economically ignorant politicians issued in their name. President Bush
and Congress are conspiring to spend at least $700 billion they don’t
have to buy bad loans and securities from struggling lending
institutions. The bill could go far higher. This is more than the
Pentagon spends in a year, more than has been spent on the Iraq invasion
and occupation. 
The government doesn’t have the money, of course. It’s already running a
$400 billion budget deficit. So it will have to borrow or print it.
Either way, the public will suffer, through lost private investment and
higher prices and interest rates. 
This money will be entrusted to Treasury Secretary Henry Paulson. The
administration’s draft of the bailout package contains this little gem:
“Decisions by the Secretary pursuant to the authority of this Act are
non-reviewable and committed to agency discretion, and may not be
reviewed by any court of law or any administrative agency.” 
Even if Congress changes this provision, it will do no good. Do you
really think Rep. Barney Frank and Sen. Chris Dodd, enablers of Fannie
and Freddie, know what they are doing? 
Has anything been learned from the debacle? Precious little. Here’s the
diagnosis made by John McCain, presidential candidate of the supposedly
free-market, small-government Republican Party: 
“The financial crisis we’re living through today started with the
corruption and manipulation of our home-mortgage system. At the center of
the problem were the lobbyists, politicians, and bureaucrats who
succeeded in persuading Congress and the administration to ignore
festering problems at Fannie Mae and Freddie Mac.” 
This is incoherent. The problem lies not in ignoring problems but in the
government privileges and guarantees extended to Fannie and Freddie and
by extension to the whole lending industry. McCain claims he was on top
of this issue three years ago. He’s wrong. He supported a bill not to
abolish Fannie and Freddie, which is what was needed, but to have them
watched by an “independent” regulator rather than by the Department of
Housing and Urban Development. 
In other words, McCain missed the problem altogether. Barack Obama has no
better understanding of what’s going on. But let’s hear no more about
Republicans’ loving limited government. 

http://www.fff.org/comment/com0810a.asp 
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Re: Step into the light Democrats

2008-10-01 Thread Gaar

On Oct 1, 9:36 am, Keith In Tampa [EMAIL PROTECTED] wrote:
 The other day, Gaar mentioned that now was not the time to point fingers.  I
 have come to the conclusion that it is the time to point fingers, and I
 respectfully disagree with Gaar.


I stand corrected...

I had believed, back then, that we may be facing a Financial meltdown
if we didn't do something, and quick.  I bought their Bullshit, hook,
line and sinker.

I now see that the Market is much more resilient than I had thought,
at first, and I have had time to mull over things and have decided you
are correct, we NEED to find the answers to why this happened, so we
can make sure we stop it from happening again.

And hence my now going on and looking at ACORN and the Role they
played in all of this...

And who do I find in the middle of ACORN?

Why Barack Hussein Obama, of course...

Does that surprise anyone?

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Re: The Vote is failing in the House...

2008-10-01 Thread jgg1000a

What you wish to say is the conditions needed for the Democrats to
enact a bill without Bush's signature...  That however is not the case
here...  Pelsoi fail to even try to twist Democratic arms...   The
Congressional Black Caucus is united in opposition...  Why isn't Obama
seeking to twist their arms???  Democrats control Congress...  It is
up to them to make the trains run on time...

Pelosi is being partisan here...  The shame is you demand the GOP give
cover to the NO votes within the Democratic party...

On Sep 30, 5:46 pm, studio [EMAIL PROTECTED] wrote:
 On Sep 30, 11:51 am, Gaar [EMAIL PROTECTED] wrote:

  On Sep 30, 8:48 am, studio [EMAIL PROTECTED] wrote:

   By one vote they are, but it needs a 2/3rds majority vote to pass.

  No it doesn't.

  You are either ill informed, or a Liar.

 Clarification: 2/3rd's vote = veto proof.

 Still doesn't matter, McCain wasn't able to deliver but an extra 4
 votes
 with less than 33% of Republicans voting approval.

 You seem to think Democrats should be the only ones approving a
 Republican Presidents request...which of course is utter non-sense.

 Can you say trounced?
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Re: PALIN lies to COURIC! Palin has no role in guarding U.S. airspace

2008-10-01 Thread PoliticalAmazon

What is disturbing about Palin's latest lies about her history is that
she is consistently lying to inflate her experience.  IMO, this shows
she is aware of the fact that her actual experience does not prepare
her to be VP or president.

She knows it, we know it, McCain surely knows it...hell, even my
potted fern knows it.

So why is she on the ticket?

Palin has repeatedly done what Hillary Clinton did on a couple of
occasions: lie about what happened in the pass to prop up her claims
of being ready to lead on Day #1.

The rightwingers blasted HRC for it (as did I), but the majority of
rightwingers are now silent about Palin doing the same thing.

That NORAD had to come forward and basically call the GOP's VP
candidate a liar--is unprecedented.  I can find no refernce to such an
intervention ever having had to take place in the past.

--

On Oct 1, 7:49 am, wncs [EMAIL PROTECTED] wrote:
 I finally had time to watch the Palin/Couric interview and was stunned
 at how ill-prepared Palin was for this. It was evident in her
 stammering and in her mannerisms that she had no clue how to answer
 some of Couric's questions.  She proved her inadequacy by bringing
 Daddy John with her the next time, like a little kid who has to drag a
 parent in to stand up for them.  I'm surprised she wasn't twirling her
 hair the whole time.
 If she can't stand up to Katie Couric, how does anyone expect her to
 run this country?!

 On Oct 1, 9:21 am, PoliticalAmazon [EMAIL PROTECTED] wrote:



  LOL, she makes Bill Clinton with the chance of getting a blow job look
  downright honest.

  

 http://www.nydailynews.com/news/politics/2008/09/30/2008-09-30_norad_...

  NORAD: Sarah Palin has no role in guarding U.S. airspace despite
  claims in Katie Couric interview
  BY JAMES GORDON MEEK
  DAILY NEWS WASHINGTON BUREAU

  Tuesday, September 30th 2008, 5:21 PM

  Alaska Gov. Sarah Palin talks to CBS news anchor Katie Couric in their
  interview last Wednesday.

  WASHINGTON - When Russian bombers approach American airspace and U.S.
  Air Force fighters are scrambled, Sarah Palin's phone doesn't ring.

  The Alaska governor has no command authority over the guardians of
  U.S. airspace despite her recent suggestion otherwise.

  She doesn't have any role in that process, Air Force Maj. Allen
  Herritage, spokesman for the Alaska North American Aerospace Defense
  Command, told the Daily News.

  The authority to launch and respond to a Russian incursion lies with
  the Alaska NORAD Region commander - Air Force Lt. Gen. Dana Atkins,
  he said.

  Palin said last week that her foreign policy experience includes
  facing the Russians.

  It's very important when you consider even national security issues
  with Russia, as Putin rears his head and comes into the airspace of
  the United States of America - where do they go? It's Alaska, Palin
  told CBS' Katie Couric.

  It is from Alaska that we send those out to make sure that an eye is
  being kept on this very powerful nation, she said.

  Moscow's bombers have skirted Alaskan airspace 20 times, thugh they
  have not violated it, during Palin's governorship, officials said.

  When F-15 and F-22 interceptors scrambled from Elmendorf Air Force
  Base in Anchorage in response, John McCain's running mate was not
  speed-dialed with the news.

  The commander does not call the governor, Herritage said.

  Steven Biegun, a McCain foreign policy adviser, said Palin is informed
  of the fly-bys by her National Guard commander.

  The Alaska Air Guard, which Palin oversees, performs airspace-watching
  missions only under NORAD command, and does not fly interception
  sorties.

  Palin did get an annual Air Force briefing in February.

  She asked a lot of questions and seemed generally curious, recalled
  Herritage, who was there. She was very interested in Russian long-
  range aviation.
  (END OF QUOTE)- Hide quoted text -

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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread Hollywood

Zeb,

Feel free to disprove and of the data mentioned. You have something
against good health?
Brush your teeth with DDT every morning if you wish, use a pillow
stuffed with asbestos, I personally don't give a fuck.

On Oct 1, 12:14 pm, Zebnick [EMAIL PROTECTED] wrote:
 Christ, how do you libs get out of bed in the morning with all the
 deadly threats that surround you and the myriad of conspiracies meant
 to destroy you afoot?

 On Oct 1, 11:24 am, Hollywood [EMAIL PROTECTED] wrote:



  rigs,

  Tough to find any liquid in a bottle NOT made of plastic anymore. When
  I was a kid milk and other liquids came in glass bottles and coated
  paper cartons.

  On Oct 1, 2:57 am, rigsy03 [EMAIL PROTECTED] wrote:

   There is data that plastics are absorbed into foods you nuke, pack or
   store. Glass or wax paper, preferred.

   On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:

mike,

Anyone considered who much oil is used in the making of plastics?

On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

[EMAIL PROTECTED] wrote:
 America's dirty little oil secret: Plastic Bottles and
 Bags                                America consumes 31.2 billion
 water bottles a year taking 17.6 million barrels of oil to create
 them. Enough to fuel 1.5 million cars for a year. America consumes 100
 billion plastic bags a year taking 12 million barrels of oil. World
 figures? 154.3 billion water bottles and 500 billion - 1 trillion
 bags=147.4 - 207.4 million barrels of oil a year.

 On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

 [EMAIL PROTECTED] wrote:
  Editorial
  No More Plastic 
  Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
  Westport, Conn., this month became the latest of a handful of
  communities to ban some plastic bags. The bags, which have only a
  brief, useful life, can survive forever in landfills and are of
  enormous concern to not only environmentalists but local officials 
  who
  are running out of places to put their trash.

   Westport’s ordinance will take effect in six months and applies to
  bags dispensed at checkout counters. Others, like dry cleaning bags,
  will be exempted. The aim is to reduce litter and encourage 
  customers
  to tote their groceries in reusable cloth bags.

  The town’s stand is laudable but will have only a limited effect on
  what is, after all, a statewide problem. The Connecticut Legislature
  rebuffed a proposed statewide ban last year. Massachusetts and Maine
  considered similar bans and also backed down.

  Americans use and dispose of at least 100 billion bags every year.
  Although the plastics industry points out that plastic grocery bags
  are made more from natural gas than petroleum, natural gas is not a
  renewable resource and contributes to global warming. And about 
  only 5
  percent of all plastic bags are recycled nationwide. The rest end up
  in the trash, hanging in trees or floating in water where they 
  menace
  marine life.

  There are other possible remedies, including a constructive idea 
  that
  has taken hold in Ireland. In 2002, Ireland became the first country
  in the world to impose a tax on plastic bags. Use of the bags 
  dropped
  by 90 percent, and proceeds from the tax went to environmental 
  causes.

  If Ireland is any guide, tax laws may have greater impact on human
  behavior than recycling laws. Tax law could also be written to apply
  to an entire state, thus eliminating the need for town-by-town bans.

  More Articles in Opinion » A version of this article appeared in 
  print
  on September 30, 2008, on page A26 of the New York edition.- Hide 
  quoted text -

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Re: Pain

2008-10-01 Thread Hollywood

Gaar,

I'm all for holding people responsible for their actions, both
Republican AND Democrats. You only seem interested in holding
Democrats responsible.

On Sep 30, 11:56 am, Gaar [EMAIL PROTECTED] wrote:
 holly,

 Why does it not surprise me that YOU would not hold those responsible
 for their actions?

 On Sep 30, 9:52 am, Hollywood [EMAIL PROTECTED] wrote:



  Gaar,

  Gee, why am I not surprised?

  On Sep 30, 11:17 am, Gaar [EMAIL PROTECTED] wrote:

   Democratic Leadership.

   Most notably Frank, Dodd and Obama...

   They should be Voted out of Office.

   On Sep 30, 9:14 am, Hollywood [EMAIL PROTECTED] wrote:

Gaar,

And exactly who in your opinion is most responsible and what form
should the pain take?

On Sep 30, 11:08 am, Gaar [EMAIL PROTECTED] wrote:

 On Sep 29, 5:19 pm, SgtUSMC [EMAIL PROTECTED] wrote:

  Was this about the Bush/Paulson bailout? If so, where do you stand 
  on
  it. I'll try to take the opposite side.

  Oh, well, I might as well tell you I am against the bailout. Now, 
  you
  can choose sides.

 I am FOR some type of Government action, be it a suspension of some
 Taxes or a change in the Accounting Rules, that will help work out
 some of the problems being experienced, but I also favor causing those
 who are most responsible some pain for their bad decisions...- Hide 
 quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

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Re: Step into the light Democrats

2008-10-01 Thread Gaar

That's pretty funny coming from someone who tries to blame the
President and Republicans for everything.


On Oct 1, 1:09 pm, Hollywood [EMAIL PROTECTED] wrote:
 Keith,

 How could you possibly disagree with Gaar? He's never wrong, just ask
 him.

 No, it's not the time to endlessly point fingers. It will accomplish
 absolutely nothing. Now is the time to find long-term solutions.

 Here's what you seem to be saying. When the Republicans are the
 majority in the Congress they can accomplish nothing due to Democratic
 obstructionism. And when they are the minority they can accomplish
 nothing because they are not the majority. Your main goal seems to be
 nothing other than to make endless excuses for the Republcans, period.

 On Oct 1, 11:36 am, Keith In Tampa [EMAIL PROTECTED] wrote:



  Hey Hollywood,

   It takes a quorom in the House and a 2/3's majority in the Senate to get a
  Bill passed.  So, no, it was not that the Republicans who were incompetent
  or in collusion, as the short video demonstrates, just the opposite was
  happening.

  The other day, Gaar mentioned that now was not the time to point fingers.  I
  have come to the conclusion that it is the time to point fingers, and I
  respectfully disagree with Gaar.

  If now is not the time to point fingers, when is?   The fact is, we, the
  people of America have been sold a bill of goods by the Democrats, and I
  think that the Democrat Party needs to be exposed for the frauds that they
  are.  Of course, they deny it, as they deny their whole agenda, when
  confronted.

  There is no American, (including you!) that can look at the facts
  objectively, and come to any other conclusion, that the Democrats in this
  Nation attempted to give free housing to those that could not afford it, and
  pad their pockets in the process.  Don't get me wrong, there are some
  Republicans that are caught up in this mix, and I want their ass hung out on
  a sling too!

  In truth and fact, (as the video depicted)  the Republicans have been
  calling for Fannie Mae and Freddie Mac reform for at least four years, and
  more like ten years!

  If I find fault with the Republicans, it was that they were not yelling  and
  screaming how bad our Nation's financial situation was, loud enough!   The
  Republicans should be faulted for not raising the alarm bells long ago, and
  informing the American people.  What I find despicable, is the likes of
  Barney Frank and Chris Dodd now acting as if they did nothing wrong, and are
  trying to lie their way out of it.  These are truly the ones that are
  playing Partisan politics!

  Here is the statement that Congressman Davis released to Sean Hannity
  yesterday:

  Like a lot of my Democratic colleagues I was too slow to appreciate the
  recklessness of Fannie and Freddie. I defended their efforts to encourage
  affordable homeownership when in retrospect I should have heeded the
  concerns raised by their regulator in 2004. Frankly, I wish my Democratic
  colleagues would admit when it comes to Fannie and Freddie, we were wrong.
  By the way, I wish my Republican colleagues would admit that they missed the
  early warning signs, that Wall Street deregulation was overheating the
  securities market and promoting dangerously lax lending practices. When it
  comes to the debacle in our capital markets, there is much blame to go
  around for both sides.

 http://www.foxnews.com/story/0,2933,431209,00.html

  Bill Cliinton said on September 26, 2008:

  I think the responsibility that the Democrats have may rest more in
  resisting any efforts by Republicans in the Congress, or by me when I was
  president, to put some standards and tighten up a little on Fannie Mae and
  Freddie Mac.

 http://hosted.ap.org/dynamic/stories/M/MELTDOWN_ADS?SITE=DCUSNSECTIO...

  Although not perfect, Congressman Davis's statement still acknowledges my
  point, and should make every American stand up and take note!  Congressman
  Davis's statement goes on, in a partisan attempt to blame Republicans for
  not tightening the regulatory scheme, when in fact, it was the Clinton
  Administration and Robert Rubin who was pushing for the deregulation. Former
  Goldman Sachs partner Robert Rubin, who was President Clinton's Treasury
  Secretary. In a 1995 speech and testimony to Congress,  Rubin advocated the
  Bill, and professed the Clinton Administration's intent to repeal the
  Glass-Steagall Act:

  The banking industry is fundamentally different from what it was two
  decades ago, let alone in 1933….[T]he industry has been transformed into a
  global business of facilitating capital formation through diverse new
  products, services and markets. U.S. banks generally engage in a broader
  range of securities activities abroad than is permitted domestically… Even
  domestically, the separation of investment banking and commercial banking
  envisioned by Glass-Steagall has eroded significantly.

  

Re: Pain

2008-10-01 Thread Gaar

Show me what the Republicans did to foster this situation, and I will
gladly look at and discuss it...

Unlike you.


On Oct 1, 1:43 pm, Hollywood [EMAIL PROTECTED] wrote:
 Gaar,

 I'm all for holding people responsible for their actions, both
 Republican AND Democrats. You only seem interested in holding
 Democrats responsible.

 On Sep 30, 11:56 am, Gaar [EMAIL PROTECTED] wrote:



  holly,

  Why does it not surprise me that YOU would not hold those responsible
  for their actions?

  On Sep 30, 9:52 am, Hollywood [EMAIL PROTECTED] wrote:

   Gaar,

   Gee, why am I not surprised?

   On Sep 30, 11:17 am, Gaar [EMAIL PROTECTED] wrote:

Democratic Leadership.

Most notably Frank, Dodd and Obama...

They should be Voted out of Office.

On Sep 30, 9:14 am, Hollywood [EMAIL PROTECTED] wrote:

 Gaar,

 And exactly who in your opinion is most responsible and what form
 should the pain take?

 On Sep 30, 11:08 am, Gaar [EMAIL PROTECTED] wrote:

  On Sep 29, 5:19 pm, SgtUSMC [EMAIL PROTECTED] wrote:

   Was this about the Bush/Paulson bailout? If so, where do you 
   stand on
   it. I'll try to take the opposite side.

   Oh, well, I might as well tell you I am against the bailout. Now, 
   you
   can choose sides.

  I am FOR some type of Government action, be it a suspension of some
  Taxes or a change in the Accounting Rules, that will help work out
  some of the problems being experienced, but I also favor causing 
  those
  who are most responsible some pain for their bad decisions...- 
  Hide quoted text -

 - Show quoted text -- Hide quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -
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Re: New Posts

2008-10-01 Thread mark

you want cheese with your whine, sgt?

On Oct 1, 2:21 pm, Gaar [EMAIL PROTECTED] wrote:
 There are plenty of discussions happening here on all sorts of Topics.

 No one decides what is important for other's here...

 I find it curious that you don't join some of the discussions that ARE
 in fact discussing the most important issues and instead decide to
 complain that there are not enough of them?

 Care to join the ACORN discussion, and explain why you believe Barack
 Obama should not be held responsible for his Role in this Financial
 mess we are in?

 On Sep 29, 4:54 pm, SgtUSMC [EMAIL PROTECTED] wrote:

  I'm just glad to see Mark's and Travis' ridiculous spamming of the
  board when there is a legitimate subject to be discussed.

  I came here in hopes that people would be having a discussion of the
  most important issue of the day. My bad.
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imaging if Hannity or Rush were moderating the debates

2008-10-01 Thread mark

the dems and the liberal ms would be so apoplectic over this they
would have to be heavily medicated for weeks.  so why then are all the
moderators so far been libs?  and the one tomorrow night is writing a
book on barry to boot.  what is up with that?
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Ideas for a Plan to Solve the Subprime Mortgage Crisis

2008-10-01 Thread Travis
  (Rec'd from author)

From: Travis
Subject: Ideas for a Plan to Solve the Subprime Mortgage Crisis
Date: Wednesday, October 1, 2008, 4:15 AM

 *Ideas for a Plan to Solve the Subprime Mortgage Crisis*

*Rene Guerra***



Years of malicious policies by the Democrats and stupid mistakes by home
buyers have created an economic nightmare in America , but $700 billion
---and probably more--- in new debt for worthless mortgages, and a systemic
drift toward socialism and autocratism is not the answer.



The solution to the problem cannot be worse than the problem itself; it
cannot be a bailout that wastes taxpayer money, foments socialism and
implants autocratism. It has to be a workout based on
free-entrepreneurialism, which is one of the greatest assets of America . A
partial plan is presented at the bottom.



The problem must be solved at its superficial manifestations and at its
roots. Furthermore, the solution must also include prophylactic measures
that prevent similar problems in the future. To that effect, a brief review
of the origin and development of the crisis fits here.



On the one side, the Democrats craftily perverted and inversed the pro-free
enterprise goals of the Bill Clinton administration Gramm-Leach-Bliley Act
(GLBA) http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act of 1992 into a
piñata in the housing market, where credit unworthy individuals were given
mortgage loans that they couldn't pay; Ninja loans, were called those
instruments of credit that in essence was bad paper, mere Monopoly money.



*Ninja = a member of a Japanese feudal organization practicing clandestine
activities.***



In a jujitsu-like massive operation, the Democrats used the pro-capitalism
momentum-generating-power of GLBA to create critical conditions that would
eventually lead to pushing America further toward socialism. The genuine
intention of GLBA is to promote capitalism but the Democrats maneuvered to
use GLBA to promote capitalism's antithesis: socialism.



*Jujitsu: a Japanese martial art mainly consisting of cleverly attacking an
opponent by using his/her strength and weight to her/his disadvantage,
rather than engaging in attacking him/her directly.***



Using GLBA as the lever and the Carter Administration Community Reinvestment
Act (CRA) http://en.wikipedia.org/wiki/Community_Reinvestment_Act of 1977
as the fulcrum, the Democrats created a clever mechanism to manipulate the
housing market into a great chaos, conducive ultimately to socialism. And,
in the process, it conduced as well to the enrichment of some Democrat
apparatchiks, such as Jamie Garolick (the very one who built the walls
between the national security agencies, which contributed heavily to 9/11),
Franklin Raines, James Johnson, Penny Pritzker and others who, by the way,
are very close to the Obama campaign.



Add to it that Senate Banking Commission Chairman Christopher John Dodd (aka
Chris Dodd) became the largest beneficiary of Fanny Mae and Freddy Mac
political contributions, followed by none else than Barack Hussein Obama, in
second place.



Using CRA and GLBA, the Democrats pushed Fanny and Freddy to in turn push
banks to make Ninja loans like in giving away candy in a piñata party. Fanny
and Freddy bought the phony paper by boxcar loads. The big investment-banks
(Lehman Brothers and the rest here in the U.S.A. and abroad, went into a
piranha frenzy buying the worthless paper from Fanny and Freddy, in the
illusion that if the two Fs were selling them in their condition of Government
Sponsored Enterprises
(GSE)http://en.wikipedia.org/wiki/Government_sponsored_enterprises,
they had to be good . . . although they neither looked nor were good, at
all.



On the other side, hundreds of thousands of entirely credit unworthy, giddy
homebuyers jumped into the occasion and gingerly applied and obtained their
Ninja loans. They perfectly knew that they couldn't pay those loans;
however, they went ahead with it. The realtors who sold them the homes knew
it too; however, they went ahead with it. The banks that made the loans knew
it too; however, they went ahead with it.



The bubble that *Ninja-ism* ---along with other causes that would take too
long to discuss here--- had contributed to create in the housing market had
to burst. And, in the aftermath, the Democrats would push for the
statization of the resulting failing financial entities under the disguise
of a bailout that taxpayers would pay for. Pure socialism, the end result
would be.



Duplicitously clever creatures, the Democrats indeed are; they make the
American people pay from their own pockets for the yoke ---socialism--- that
they will be enslaved with.



Thanks to true conservatives ---that is, conservative talk show radio
anchors, some conservative columnists, some Fox Business Channel and Fox
Business Channel anchors, and hundreds of conservative bloggers and Internet
journalists--- Americans are aware of what is going on and have, by the tens
of millions, realized 

Re: Ideas for a Plan to Solve the Subprime Mortgage Crisis

2008-10-01 Thread Frank

Overthrow capitalism

Travis wrote:
 (Rec'd from author)

 From: Travis
 Subject: Ideas for a Plan to Solve the Subprime Mortgage Crisis
 Date: Wednesday, October 1, 2008, 4:15 AM

  *Ideas for a Plan to Solve the Subprime Mortgage Crisis*

 *Rene Guerra***



 Years of malicious policies by the Democrats and stupid mistakes by home
 buyers have created an economic nightmare in America , but $700 billion
 ---and probably more--- in new debt for worthless mortgages, and a systemic
 drift toward socialism and autocratism is not the answer.



 The solution to the problem cannot be worse than the problem itself; it
 cannot be a bailout that wastes taxpayer money, foments socialism and
 implants autocratism. It has to be a workout based on
 free-entrepreneurialism, which is one of the greatest assets of America . A
 partial plan is presented at the bottom.



 The problem must be solved at its superficial manifestations and at its
 roots. Furthermore, the solution must also include prophylactic measures
 that prevent similar problems in the future. To that effect, a brief review
 of the origin and development of the crisis fits here.



 On the one side, the Democrats craftily perverted and inversed the pro-free
 enterprise goals of the Bill Clinton administration Gramm-Leach-Bliley Act
 (GLBA) http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act of 1992 into a
 pi�ata in the housing market, where credit unworthy individuals were given
 mortgage loans that they couldn't pay; Ninja loans, were called those
 instruments of credit that in essence was bad paper, mere Monopoly money.



 *Ninja = a member of a Japanese feudal organization practicing clandestine
 activities.***



 In a jujitsu-like massive operation, the Democrats used the pro-capitalism
 momentum-generating-power of GLBA to create critical conditions that would
 eventually lead to pushing America further toward socialism. The genuine
 intention of GLBA is to promote capitalism but the Democrats maneuvered to
 use GLBA to promote capitalism's antithesis: socialism.



 *Jujitsu: a Japanese martial art mainly consisting of cleverly attacking an
 opponent by using his/her strength and weight to her/his disadvantage,
 rather than engaging in attacking him/her directly.***



 Using GLBA as the lever and the Carter Administration Community Reinvestment
 Act (CRA) http://en.wikipedia.org/wiki/Community_Reinvestment_Act of 1977
 as the fulcrum, the Democrats created a clever mechanism to manipulate the
 housing market into a great chaos, conducive ultimately to socialism. And,
 in the process, it conduced as well to the enrichment of some Democrat
 apparatchiks, such as Jamie Garolick (the very one who built the walls
 between the national security agencies, which contributed heavily to 9/11),
 Franklin Raines, James Johnson, Penny Pritzker and others who, by the way,
 are very close to the Obama campaign.



 Add to it that Senate Banking Commission Chairman Christopher John Dodd (aka
 Chris Dodd) became the largest beneficiary of Fanny Mae and Freddy Mac
 political contributions, followed by none else than Barack Hussein Obama, in
 second place.



 Using CRA and GLBA, the Democrats pushed Fanny and Freddy to in turn push
 banks to make Ninja loans like in giving away candy in a pi�ata party. Fanny
 and Freddy bought the phony paper by boxcar loads. The big investment-banks
 (Lehman Brothers and the rest here in the U.S.A. and abroad, went into a
 piranha frenzy buying the worthless paper from Fanny and Freddy, in the
 illusion that if the two Fs were selling them in their condition of Government
 Sponsored Enterprises
 (GSE)http://en.wikipedia.org/wiki/Government_sponsored_enterprises,
 they had to be good . . . although they neither looked nor were good, at
 all.



 On the other side, hundreds of thousands of entirely credit unworthy, giddy
 homebuyers jumped into the occasion and gingerly applied and obtained their
 Ninja loans. They perfectly knew that they couldn't pay those loans;
 however, they went ahead with it. The realtors who sold them the homes knew
 it too; however, they went ahead with it. The banks that made the loans knew
 it too; however, they went ahead with it.



 The bubble that *Ninja-ism* ---along with other causes that would take too
 long to discuss here--- had contributed to create in the housing market had
 to burst. And, in the aftermath, the Democrats would push for the
 statization of the resulting failing financial entities under the disguise
 of a bailout that taxpayers would pay for. Pure socialism, the end result
 would be.



 Duplicitously clever creatures, the Democrats indeed are; they make the
 American people pay from their own pockets for the yoke ---socialism--- that
 they will be enslaved with.



 Thanks to true conservatives ---that is, conservative talk show radio
 anchors, some conservative columnists, some Fox Business Channel and Fox
 Business Channel anchors, and hundreds of conservative bloggers and 

ACORN's role in the current crisis

2008-10-01 Thread Travis
tile of pic should be:  Ignorance is bliss.



From: *Travis*
Date: Tue, Sep 30, 2008
Subject:  ACORN's role in the current crisis

ACORN:  Association of Crappy Organizations Recruiting Numbnuts




 O'S DANGEROUS PALS BARACK'S 'ORGANIZER' BUDS PUSHED FOR BAD MORTGAGES By
STANLEY KURTZ  [image: Chutzpah: ACORN's drive to lower mortgage standards
paved the way for the meltdown - yet last week, it was holding protests like
this one in Florida, trying to get a cut of the financial-market-rescue
bill.]
Chutzpah: ACORN's drive to lower mortgage standards paved the way for the
meltdown - yet last week, it was holding protests like this one in Florida,
trying to get a cut of the financial-market-rescue bill.

Posted: 3:53 am
September 29, 2008

http://www.nypost.com/seven/09292008/postopinion/opedcolumnists/os_dangerous_pals_131216.htm?page=0

WHAT exactly does a community organizer do? Barack
Obamahttp://www.nypost.com/news/p/obama_barack/obama_barack.htm's
rise has left many Americans asking themselves that question. Here's a big
part of the answer: Community organizers intimidate banks into making
high-risk loans to customers with poor credit.

In the name of fairness to minorities, community organizers occupy private
offices, chant inside bank lobbies, and confront executives at their homes -
and thereby force financial institutions to direct hundreds of millions of
dollars in mortgages to low-credit customers.

In other words, community organizers help to undermine the US economy by
pushing the banking system into a sinkhole of bad loans. And Obama has spent
years training and funding the organizers who do it.

THE seeds of today's financial meltdown lie in the Commu nity Reinvestment
Act - a law passed in 1977 and made riskier by unwise amendments and
regulatory rulings in later decades.

CRA was meant to encourage banks to make loans to high-risk borrowers, often
minorities living in unstable neighborhoods. That has provided an opening to
radical groups like ACORN (the Association of Community Organizations for
Reform Now) to abuse the law by forcing banks to make hundreds of millions
of dollars in subprime loans to often uncreditworthy poor and minority
customers.

Any bank that wants to expand or merge with another has to show it has
complied with CRA - and approval can be held up by complaints filed by
groups like ACORN.

In fact, intimidation tactics, public charges of racism and threats to use
CRA to block business expansion have enabled ACORN to extract hundreds of
millions of dollars in loans and contributions from America's financial
institutions.

Banks already overexposed by these shaky loans were pushed still further in
the wrong direction when government-sponsored Fannie Mae and Freddie Mac
began buying up their bad loans and offering them for sale on world markets.


Fannie and Freddie acted in response to Clinton administration pressure to
boost homeownership rates among minorities and the poor. However
compassionate the motive, the result of this systematic disregard for normal
credit standards has been financial disaster.

ONE key pioneer of ACORN's subprime-loan shakedown racket was Madeline
Talbott - an activist with extensive ties to Barack
Obamahttp://www.nypost.com/news/p/obama_barack/obama_barack.htm.
She was also in on the ground floor of the disastrous turn in Fannie Mae's
mortgage policies.

Long the director of Chicago ACORN, Talbott is a specialist in direct
action - organizers' term for their militant tactics of intimidation and
disruption. Perhaps her most famous stunt was leading a group of ACORN
protesters breaking into a meeting of the Chicago City Council to push for a
living wage law, shouting in defiance as she was arrested for mob action
and disorderly conduct. But her real legacy may be her drive to push banks
into making risky mortgage loans.

In February 1990, Illinois regulators held what was believed to be the
first-ever state hearing to consider blocking a thrift merger for lack of
compliance with CRA. The challenge was filed by ACORN, led by Talbott.
Officials of Bell Federal Savings and Loan Association, her target,
complained that ACORN pressure was undermining its ability to meet strict
financial requirements it was obligated to uphold and protested being boxed
into an affirmative-action lending policy. The following years saw Talbott
featured in dozens of news stories about pressuring banks into higher-risk
minority loans.

IN April 1992, Talbott filed an other precedent-setting com plaint using the
community support requirements of the 1989 savings-and-loan bailout, this
time against Avondale Federal Bank for Savings. Within a month, Chicago
ACORN had organized its first bank fair at Malcolm X College and found 16
Chicago-area financial institutions willing to participate.

Two months later, aided by ACORN organizer Sandra Maxwell, Talbott announced
plans to conduct demonstrations in the lobbies of area banks that refused to
attend an ACORN-sponsored 

Step into the light Democrats

2008-10-01 Thread Keith In Tampa
Hollywood,

Here are the facts.  Let's Review:

In 2004/early 2005, a Bill captioned, the Federal Housing Enterprise
Regulatory Reform Act of 2004/2005, sponsored by Republicans, .John McCain,
Elizabeth Dole, John Sununu, and Chuck Hagel, was put before the Congress.
The Bill was blocked, by the Democrats in the Senate, and the majority of
Democrats in the House of Representatives.

 http://www.govtrack.us/congress/bill.xpd?bill=s109-190

The summary of the Bill, written by Congressional Services:

1/26/2005--Introduced.

Federal Housing Enterprise Regulatory Reform Act of 2005 - Amends the
Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to
establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight
of the Department of Housing and Urban Development (HUD), an independent
Federal Housing Enterprise Regulatory Agency which shall have authority over
the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks,
the Federal National Mortgage Association (Fannie Mae), and the Federal Home
Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing
Enterprise Board.
Sets forth operating, administrative, and regulatory provisions of the
Agency, including provisions respecting: (1) assessment authority; (2)
authority to limit nonmission-related assets; (3) minimum and critical
capital levels; (4) risk-based capital test; (5) capital classifications and
undercapitalized enterprises; (6) enforcement actions and penalties; (7)
golden parachutes; and (8) reporting.
Amends the Federal Home Loan Bank Act to establish the Federal Home Loan
Bank Finance Corporation. Transfers the functions of the Office of Finance
of the Federal Home Loan Banks to such Corporation.
Excludes the Federal Home Loan Banks from certain securities reporting
requirements.
Abolishes the Federal Housing Finance Board.

=

The Bush Administration called for Fannie Mae and Freddie Mac reforms
repeatedly, all to fall upon deaf ears by the Democrats.

Bush Called For Reform of Fannie Mae  Freddie Mac 17 Times in 2008
Alone... Dems Ignored Warnings

http://gatewaypundit.blogspot.com/2008/09/bush-called-for-reform-of-fannie-mae.html

In 2003, the Bush Administration was encouraging and pushing the Congress to
reform Fannie Mae and Freddie Mac, all which fell upon deaf ears by the
Democrats, who fought change to Freddie and Fannie vociferously:

http://hotair.com/archives/2008/09/16/whose-policies-led-to-the-credit-crisis/

==

Here is the statement that Congressman Davis released to Sean Hannity
yesterday:

Like a lot of my Democratic colleagues I was too slow to appreciate the
recklessness of Fannie and Freddie. I defended their efforts to encourage
affordable homeownership when in retrospect I should have heeded the
concerns raised by their regulator in 2004. Frankly, I wish my Democratic
colleagues would admit when it comes to Fannie and Freddie, we were wrong.
By the way, I wish my Republican colleagues would admit that they missed the
early warning signs, that Wall Street deregulation was overheating the
securities market and promoting dangerously lax lending practices. When it
comes to the debacle in our capital markets, there is much blame to go
around for both sides.

http://www.foxnews.com/story/0,2933,431209,00.html

Hollywood??

What part of this do you, or any individual who has not figured out the
Democrat socialist agenda, not see yet?  What part of this, are ya'll
having a hard time either accepting or understanding?  As I have stated, if
the Republicans can be blamed, it should be for not sounding the alarm bells
loud enough, over the fraud pepetrated by these despicable Socialist
Democrats!

Although Congressman Davis's statement still acknowledges my point, and
should make every American stand up and take note,   Congressman Davis's
statement goes on, in a partisan attempt to blame Republicans for not
tightening the regulatory scheme, when in fact, it was the Clinton
Administration and Robert Rubin who were pushing for the deregulation.

As I mentioned earlier this morning, former President Clinton said on
September 26, 2008:

I think the responsibility that the Democrats have may rest more in
resisting any efforts by Republicans in the Congress, or by me when I was
president, to put some standards and tighten up a little on Fannie Mae and
Freddie Mac.

http://hosted.ap.org/dynamic/stories/M/MELTDOWN_ADS?SITE=DCUSNSECTION=POLITICSTEMPLATE=DEFAULT

Former Goldman Sachs partner Robert Rubin, who was President Clinton's
Treasury Secretary. In a 1995 speech and testimony to Congress,  Rubin
advocated the Bill, and professed the Clinton Administration's intent to
repeal the Glass-Steagall Act:

The banking industry is fundamentally different from what it was two
decades ago, let alone in 1933….[T]he industry has been transformed into a
global business of facilitating capital formation through diverse new
products, services and markets. U.S. banks generally engage in 

Re: New Posts

2008-10-01 Thread Travis
Frank:  I am one of those loyal Americans wh sent emails and sent
hand-written personal letters to my MC's about this insane bailout.

On Wed, Oct 1, 2008 at 5:03 PM, Frank [EMAIL PROTECTED] wrote:


 ACORN is not a discussion point, its right wing bile. The bailout of
 the rich for their predatitive lending practices is unheard of and
 amounts to little more than theft. Barack Obama has been the most
 vocal supporter of the Bill, while 60% of the democrat lawmakers voter
 for the bill and 67% Reps voted against it .

 Public opposition killed this bill, as millions of Americans voiced
 their anger by text and e-mailing their representatives which nearly
 caused a meltdown of the system, such was its volume.

 Congressmen that saw their seats at risk at the coming elections if
 they voted in favor of the bill voted no. Such is the level of
 criminality of the two party system today. Congressmen said screw this
 bill, I am going to look after myself first.

 Sarges point is a valid one, as the most important issue regarding the
 future of the way we live, the economic meltdown is assiduously
 avoided as it poses questions no-one wants to tackle. How can
 legitimate debate take place without address this problem, upon which
 all else hinges?

 On Oct 2, 4:21 am, Gaar [EMAIL PROTECTED] wrote:
  There are plenty of discussions happening here on all sorts of Topics.
 
  No one decides what is important for other's here...
 
  I find it curious that you don't join some of the discussions that ARE
  in fact discussing the most important issues and instead decide to
  complain that there are not enough of them?
 
  Care to join the ACORN discussion, and explain why you believe Barack
  Obama should not be held responsible for his Role in this Financial
  mess we are in?
 
  On Sep 29, 4:54 pm, SgtUSMC [EMAIL PROTECTED] wrote:
 
   I'm just glad to see Mark's and Travis' ridiculous spamming of the
   board when there is a legitimate subject to be discussed.
 
   I came here in hopes that people would be having a discussion of the
   most important issue of the day. My bad.
 



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Re: The fat lady sings......................

2008-10-01 Thread Cold Water
Good grief Travis, I was trying to have a little snack here. ;- )


- Original Message - 
From: Travis 
To: PoliticalForum@googlegroups.com 
Sent: Wednesday, October 01, 2008 5:59 PM
Subject: Re: The fat lady sings..


This must be one of your favorites.


On Wed, Oct 1, 2008 at 10:02 AM, Frank [EMAIL PROTECTED] wrote:


  The fat lady sings..
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Re: Breaking News from Bloomberg’s confirms the failure of the bailout and “the death agony of capitalism” (Leon Trotsky) And the fat lady sings…………………… .

2008-10-01 Thread Frank

I agree with you completely. The transition from capitalism to
socialism absolutely requires a centralized authority, precisely for
the reasons you have stated. Any references I may have made to the
contrary are based on the the theory of whither the state, something
which I will never see in my life time, or are made to childishly
annoy M.A.Johnson.

Are you affiliated with any organizations? I am active in the
Australian branch of the Socialist Equality Party. We had a public
meeting last night on 70 years sinc the founding of the Fourth
International and the crisis of the US and world economy. It was very
well attended by broad sections of the working class and youth and
continued late into the evening.

On Oct 2, 2:34 am, Princip [EMAIL PROTECTED] wrote:
 M.J.
 Regulation deciding who or who not can practise as doctor is hardly
 arbitary.
 It is empirically decided by acknowledged experts in the field.
 In the state of nature which is essentially what your calling for we
 end up with shamens who dance around chanting songs expecting the dead
 or dying to walk like lazarus.
 I'm sorry but its axiomatic and right that we should have a
 centralised authority deciding what is best in certain situations.

 On Oct 1, 3:12 pm, Frank [EMAIL PROTECTED] wrote:

  Latest headlines from Bloomberg's confirm world wide route of
  capitalism. Long live the Internationale.

  M.A. Johnson wrote:
   Princip
       I'm not going to define minute. I think we both know the regulation in
       the states is benign.
   MJ
   And hence the CORE of this fantasy world in which you live.  Hey,
   if it does not FIT your religious ideal ... no problem ... we will just
   PRETEND it does.

   Regulations serve multi-fold ... from hampering innovation, to
   protecting entry into the marketplace.

   Joe wanting to facilitate lenders and borrowers a place to
   contract with one another (perhaps for a fee for his efforts)
   [gee, that would be capitalism] ... as a bank ... must adhere
   to reams and reams and reams of Government regulations,
   mandates and the like that you want to pretend are non-existent.

   Princip
       and if Free Trade is the answer,no regulation of any kind does that
       suppose anybody can just become a doctor without any medical practise
       or 'regulation' and the market will decide who are good doctors or
       not?
   MJ
   As opposed to the Government deciding who is and is not qualified
   because they jump through arbitrary hoops?

   Yes, we already established the fact that you oppose capitalism.

   So YOU do not believe you (and others) should be FREE to contract
   with your local auto mechanic ... having him remove your appendix?
   You really think People are too stupid to make informed decisions?

   Princip
        How many patients will die before the market has spoken??
   MJ
   Praise be to Government, Amen.

   So, in your world, People are too stupid to make decisions for
   themselves ... they need omniscient Bureaucrats (let me guess,
   elected by majority) to dictate and mandate for them.  We will
   ignore the problem with these stupid People having the ability
   to properly choose these leaders 

   Regard$,
   --MJ

   Every citizen who has produced or acquired a product,
   should have the option of applying it immediately to his own
   use or of transferring it to whoever on the face of the earth
   agrees to give him in exchange the object of his desires. To
   deprive him of this option . . . solely to satisfy the convenience
   of another citizen, is to legitimize an act of plunder and to violate
   the law of justice. -- Fr d ric Bastiat
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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread Cold Water

Who the FUCK do you think gives a FUCK about what the FUCK you don't give a 
FUCK about?  Yet, you FUCKING feel the FUCKING need to FUCKING respond to 
FUCKING posts to FUCKING say you FUCKING don't give a FUCK?  Why oh FUCKING 
why???

You have developed a new addiction Woody - addiction to verbally abusing 
others on the Internet.  There *must* be a program for you.  ASSHOLES 
ANONYMOUS???


- Original Message - 
From: Hollywood [EMAIL PROTECTED]
To: PoliticalForum PoliticalForum@googlegroups.com
Sent: Wednesday, October 01, 2008 4:17 PM
Subject: Re: Westport, Conn., this month became the latest of a handful of 
communities to ban some plastic bags



Zeb,

Feel free to disprove and of the data mentioned. You have something
against good health?
Brush your teeth with DDT every morning if you wish, use a pillow
stuffed with asbestos, I personally don't give a fuck.

On Oct 1, 12:14 pm, Zebnick [EMAIL PROTECTED] wrote:
 Christ, how do you libs get out of bed in the morning with all the
 deadly threats that surround you and the myriad of conspiracies meant
 to destroy you afoot?

 On Oct 1, 11:24 am, Hollywood [EMAIL PROTECTED] wrote:



  rigs,

  Tough to find any liquid in a bottle NOT made of plastic anymore. When
  I was a kid milk and other liquids came in glass bottles and coated
  paper cartons.

  On Oct 1, 2:57 am, rigsy03 [EMAIL PROTECTED] wrote:

   There is data that plastics are absorbed into foods you nuke, pack or
   store. Glass or wax paper, preferred.

   On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:

mike,

Anyone considered who much oil is used in the making of plastics?

On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

[EMAIL PROTECTED] wrote:
 America's dirty little oil secret: Plastic Bottles and
 Bags America consumes 31.2 billion
 water bottles a year taking 17.6 million barrels of oil to create
 them. Enough to fuel 1.5 million cars for a year. America consumes 
 100
 billion plastic bags a year taking 12 million barrels of oil. 
 World
 figures? 154.3 billion water bottles and 500 billion - 1 trillion
 bags=147.4 - 207.4 million barrels of oil a year.

 On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

 [EMAIL PROTECTED] wrote:
  Editorial
  No More Plastic 
  Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
  Westport, Conn., this month became the latest of a handful of
  communities to ban some plastic bags. The bags, which have only 
  a
  brief, useful life, can survive forever in landfills and are of
  enormous concern to not only environmentalists but local 
  officials who
  are running out of places to put their trash.

  Westport’s ordinance will take effect in six months and applies 
  to
  bags dispensed at checkout counters. Others, like dry cleaning 
  bags,
  will be exempted. The aim is to reduce litter and encourage 
  customers
  to tote their groceries in reusable cloth bags.

  The town’s stand is laudable but will have only a limited effect 
  on
  what is, after all, a statewide problem. The Connecticut 
  Legislature
  rebuffed a proposed statewide ban last year. Massachusetts and 
  Maine
  considered similar bans and also backed down.

  Americans use and dispose of at least 100 billion bags every 
  year.
  Although the plastics industry points out that plastic grocery 
  bags
  are made more from natural gas than petroleum, natural gas is 
  not a
  renewable resource and contributes to global warming. And about 
  only 5
  percent of all plastic bags are recycled nationwide. The rest 
  end up
  in the trash, hanging in trees or floating in water where they 
  menace
  marine life.

  There are other possible remedies, including a constructive idea 
  that
  has taken hold in Ireland. In 2002, Ireland became the first 
  country
  in the world to impose a tax on plastic bags. Use of the bags 
  dropped
  by 90 percent, and proceeds from the tax went to environmental 
  causes.

  If Ireland is any guide, tax laws may have greater impact on 
  human
  behavior than recycling laws. Tax law could also be written to 
  apply
  to an entire state, thus eliminating the need for town-by-town 
  bans.

  More Articles in Opinion » A version of this article appeared in 
  print
  on September 30, 2008, on page A26 of the New York edition.- 
  Hide quoted text -

 - Show quoted text -- Hide quoted text -

- Show quoted text -- Hide quoted text -

   - Show quoted text -- Hide quoted text -

  - Show quoted text -- Hide quoted text -

 - Show quoted text -


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Re: 545 PEOPLE

2008-10-01 Thread Travis
Right On.!!!

On Wed, Oct 1, 2008 at 2:21 PM, Gaar [EMAIL PROTECTED] wrote:


 545  PEOPLE
 By  Charlie  Reese

 Politicians are the only people in the world who create problems and
 then campaign against them.

 Have you ever wondered why, if both the  Democrats and the Republicans
 are against deficits,  WHY  do we have deficits?

 Have you ever wondered  why, if  all the politicians are against
 inflation and high taxes, WHY do  we have inflation and high taxes?

 You and I don't  propose a federal budget.   The president does.

 You and I don't have the Constitutional authority to vote  on
 appropriations.   The House of Representatives does.

 You and I don't write the tax code, Congress does.

 You and I don't set fiscal policy, Congress does.

 You and I don't control monetary policy, the Federal  Reserve Bank
 does.

 One hundred senators, 435 congressmen,  one president, and nine
 Supreme Court justices  -5 45  human beings out of the 300 million -
 are directly, legally, morally, and individually responsible for the
 domestic problems that plague this country.

 I excluded the  members of the Federal Reserve Board because that
 problem was created by the Congress.   In 1913, Congress  delegated
 its Constitutional duty to provide a sound currency to a  federally
 chartered, but private, central bank.

 I  excluded all the special interests and lobbyists for a sound
 reason.   They have no legal authority.   They  have no ability to
 coerce a senator, a congressman, or a president  to do one cotton-
 picking thing.   I don't care if they  offer a politician $1 million
 dollars in cash.   The  politician has the power to accept or reject
 it.  No matter  what the lobbyist promises, it is the legislator's
 responsibility  to determine how he votes.

 Those 545 human beings spend much of their energy convincing you that
 what they did is not their fault.  They cooperate in this common con
 regardless of party.

 What separates a  politician from a normal human being is an excessive
 amount of gall.   No normal human being would have the gall of a
 Speaker, who stood up and criticized the President for creating
 deficits.   The president can only propose a  budget.   He cannot
 force the Congress to accept  it.

 The Constitution, which is the supreme law of the land, gives sole
 responsibility to the House of  Representatives for originating and
 approving appropriations and  taxes.Who is the speaker of the
 House?She is the leader of the majority party.   She and fellow
 House members, not the president, can approve any  budget they
 want.If the president vetoes it, they can pass it over his veto if
 they agree to.

 It seems inconceivable to me that a nation of 300 million can not
 replace 545 people who stand convicted -- by present facts -- of
 incompetence and  irresponsibility.   I can't think of a single
 domestic problem that is not traceable directly to those 545
 people.When you fully grasp the plain truth that 545 people
 exercise the power of the federal government, then it must follow that
 what exists is what they want to exist.

 If the tax code is unfair, it's because they want it unfair.

 If the budget is in the red, it's because they want it in the red.

 If the Army  Marines are in IRAQ, it's because they want them in
 IRAQ.

 If they do not receive social  security but  are on an elite
 retirement plan not available to the people, it's because they want it
 that way.   There are no insoluble government problems.

 Do not let these 545 people shift the blame to bureaucrats, whom they
 hire and whose jobs they can abolish; to lobbyists, whose gifts and
 advice they can reject; to regulators, to whom they give the power to
 regulate and from whom they can take this power.Above all, do not
 let them con you into the belief that there exists disembodied
 mystical forces like 'the economy,'  'inflation,' or 'politics' that
 prevent them from doing what they take an oath to do.

 Those  545 people, and they alone, are responsible.

 They, and they alone, have the power.

 They, and they alone, should be held accountable by the people who are
 their bosses provided  the voters have the gumption to manage their
 own employees.

 We should vote all of them out of office and clean up their mess!


 Charlie  Reese is a former columnist of the Orlando Sentinel
 Newspaper.


 



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Penny-Wise Politics

2008-10-01 Thread Travis
From: Travis
Subject: [tsowell] Penny-Wise Politics
Date: Tuesday, September 30, 2008,


*Penny-Wise Politics
*Thomas Sowell
Wednesday, October 01, 2008

Congress is never more ridiculous than when it tries to look like it is
serious.

In the midst of a major national financial crisis, what was one of the first
things Congress zeroed in on? The pay of Chief Executive Officers of
financial institutions.

If all those CEOs agreed to work for nothing, that would not be enough to
lower the bailout money by one percent. Anyone who was really serious would
start with the 99 percent and let the one percent come later, if at all.

But however insignificant the pay of CEOs is economically, it is big stuff
politically. Whatever the shortcomings of the Democrats, they are consistent
in their message, and class envy is a great part of that message.

People who say that they cannot understand how CEOs in general get so many
millions of dollars seem not to realize what a trivial thing they are
saying. Most people do not understand most things. But that is no reason to
have national policy guided by their ignorance.

I do not understand one percent of what there is to understand about the
very computer on which these words are being written-- nor about the
Internet on which these words will be transmitted to the syndicate that
distributes this column. I don't have a clue about how a syndicate is run,
much less how much someone should be paid for running it.

What really sets some people off is the fact that a CEO who has mismanaged
some corporation into losing billions of dollars is rewarded with a
severance package worth millions.

Think about it. If the CEO's decisions are costing the company billions, it
is a bargain to get him out the door immediately for millions, rather than
having his departure delayed by either internal struggles or battles in the
courts.

It is the same principle if you are married to someone who is impossible to
live with. The divorce may cost far more than the marriage-- and still be
worth every cent of it.

But what about the social justice of it all?

Such questions seem to carry great weight with people who act as if they are
God on Judgment Day. But one of the little overlooked differences between
themselves and God on Judgment Day is that God does not have to worry about
what is going to happen the day after Judgment Day.

Rewarding someone for being impossible to live with may offend our feelings,
just as rewarding someone for mismanaging a company does. But the real
question is-- what is the alternative and how will that alternative affect
the future?

Politically imposed limits on the pay of CEOs is one of the most penny-wise
and pound-foolish things that can be done. The difference between a
top-notch CEO and a second-rate CEO can be billions of dollars on the bottom
line.

That is what drives up the pay of CEOs. If you want someone who will be
top-notch in running organizations as huge and complex as Fannie Mae or
Freddie Mac, there is no point offering $5 million a year if similar
enterprises elsewhere are paying $20 million for people with the kind of
ability required.

Who is going to take a $15 million pay cut to go run these enterprises, in
addition to having to put up with politicians?

The money that can be saved by limiting CEO pay is chump change compared to
the money that can be lost because you cannot attract top-notch talent.

Congress itself is a classic example of what can happen when penny-wise
policies restrict the caliber of people who can be attracted.

No top-level doctor, lawyer, economist, engineer or CEO can become a member
of Congress without taking a big pay cut, perhaps costing that person's
family millions of dollars over a lifetime.

On the other hand, if you paid every member of Congress a million dollars a
year, it would cost less than the cost of even a small government
boondoggle, much less a whole agency.

It is not that the turkeys in Congress today deserve a raise. They don't
even deserve their current pay. But that is the very reason for attracting
different people. Cheap politicians are actually very expensive and the same
principle applies to CEOs.


http://townhall. com/columnists/ ThomasSowell/ 2008/10/01/ penny-wise_
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Re: Regulators approve U.K. bank rescue

2008-10-01 Thread Frank

That was only one of four European banks that required bailing out.
This is not a good thing Gaar, it shows the extent of the meltdown and
that the only reason the whole system hasn't gone into freefall is
through government intervention. This can't go on for much longer, and
even it if it does, the banks aren't lending to each other and no
number of bailouts is going to rectify this central problem.

Gaar wrote:
 http://www.iht.com/articles/2008/10/01/business/01bradford.php

 BRUSSELS: European Union regulators on Wednesday cleared the British
 government's rescue of mortgage lender Bradford  Bingley, saying it
 did not violate rules on government aid to companies.

 The measures described can be authorized as rescue aid in line with
 the EU guidelines on state aid for rescuing and restructuring or
 liquidating firms in difficulty, the European Commission said in a
 statement.

 The British government on Monday said it was taking over Bradford 
 Bingley's �50 billion, or $89 billion, mortgage and loan books as
 turmoil from the U.S. credit crisis spread across Europe.

 Prime Minister Gordon Brown said the move was needed to stabilize the
 financial system.

 EU regulators need to approve government aid to companies and the
 Commission moved fast to clear the deal.

 The British government also paid out �18 billion to facilitate the
 sale of Bradford  Bingley's savings business, including its entire
 retail branch network, to Banco Santander of Spain.

 Santander, the second largest bank in Europe, said it will be paying
 �612 million for Bradford  Bingley's 197 branches and �20 billion of
 deposits.

 Bradford  Bingley was the third major British bank to run into
 trouble since credit crunch began just over a year ago. Northern Rock
 was nationalized in February, and HBOS sold itself to Lloyds TSB Group
 on Sept. 18, to stem a sharply falling share price.

 The EU said the state funding to enable the sale of Bradford 
 Bingley's deposit book and the working capital and guarantee
 arrangements represented state aid, but it could be permitted under EU
 rules allowing for urgent structural measures.

 The regulators found that Santander had not received any state aid as
 it had paid the market price for Bradford  Bingley's retail deposit
 business.

 The EU said British authorities had promised to give them a
 restructuring plan for Bradford  Bingley by March 29.

 Bradford  Bingley was particularly vulnerable to the credit crunch
 because it specializes in buy-to-let mortgages.

 Rising mortgage rates mean that investors who took out loans to buy
 properties for renting out are no longer able to cover their mortgages
 repayments with their rental income, and many are defaulting on the
 loans, especially the 17 percent of Bradford  Bingley borrowers whose
 incomes had not been verified by the bank.
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Gwen Ifill: Negroes For Obama

2008-10-01 Thread d.b.baker

Well, I guess everyone is comfortable with this pro-Obama debate
arrangement. An affirmative-action hack presiding, posing as a
neutral moderator.






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France, Germany Clash Over Proposal to Bail Out European Banks

2008-10-01 Thread Frank

France, Germany Clash Over Proposal to Bail Out European Banks
By James Hertling

Oct. 2 (Bloomberg) -- France and Germany clashed over whether to
create a fund to bail out banks pounded by the global credit crunch,
kicking off a European version of the debate that has been raging in
the U.S. for two weeks.

French Finance Minister Christine Lagarde told the German newspaper
Handelsblatt in an interview to be published today that a ``rescue
package'' was needed to help ``smaller'' European states ``threatened
with a banking failure.'' Germany opposed the proposal, with finance
ministry spokesman Torsten Albig saying his government ``doesn't
support the plan.''

The conflict between the two biggest euro-region economies undermined
efforts to build a consensus European response to the financial crisis
as a recession looms. Other fissures emerged, as Ireland's decision to
guarantee bank deposits and debts prompted criticism by British
bankers yesterday that it ``distorted competition.''

Fallout from the crisis that drove Lehman Brothers Holdings Inc. into
bankruptcy hit Europe this week, with France, Belgium, Luxembourg and
the U.K. rescuing four lenders and Italian Prime Minister Silvio
Berlusconi pledging to prevent losses for depositors.

In the U.S., Treasury Secretary Henry Paulson proposed a $700 billion
bailout on Sept. 20 that lawmakers have been struggling to pass. The
House of Representatives rejected a version of the plan two days ago.
Senate leaders expected the package would win approval late yesterday
in Washington and urged opponents in the House to drop their
objections.

`Non-Starter'

A European version of the Paulson plan is a ``non-starter'' because of
competing agendas and coordination difficulties, Klaus Baader, chief
European economist at Merrill Lynch and Co. in London, said in a Sept.
29 report. Still, he expects increased cooperation among governments
confronting the crisis.

French President Nicolas Sarkozy may propose the bailout fund at an
Oct. 4 meeting that Luxembourg Prime Minister Jean- Claude Juncker
said he's attending with leaders of Great Britain, Italy and Germany,
as well as European Central Bank President Jean-Claude Trichet.

The proposed fund would total 300 billion euros ($422 billion),
Reuters reported, citing an unidentified European government official.

Lagarde, speaking at an event in Paris last night, disputed that
figure, without saying whether it would be bigger or smaller. Henri
Guaino, a special adviser to Sarkozy, said in a telephone interview
that ``France has neither studied nor proposed a plan of that type to
its partners.''

The specifics of a coordinated plan notwithstanding, Germany rejects a
Europe-wide approach to bank rescues, said Albig, the finance ministry
spokesman.

`Tailor-Made Solution'

``The idea of applying one solution, one big bang'' should the banking
crisis spread ``is not practicable and would create new, enormous
problems,'' he told reporters yesterday in Berlin. ``The tailor-made
solution is the right way.''

That contrasts with pleas from European Union officials for less
unilateral action. Charlie McCreevy, EU financial-services
commissioner, yesterday proposed more coordinated oversight and rules
that banks hold more capital for asset-backed bonds.

``Capital and strong financial institutions are the lifeblood of an
economy,'' McCreevy said in a Bloomberg Television interview in
Brussels.

As banks hoarded cash, the London interbank offered rate, or Libor,
that banks charge each other for one-month loans in euros climbed to
an all-time high of 5.07 percent yesterday. The equivalent dollar rate
surged to the highest level since January, the British Bankers'
Association said. Overnight dollar loans slid from a record of 6.88
percent after funding constraints tied to the end of the third quarter
passed.

The credit-market turmoil may require a more comprehensive approach in
Europe, the Organization for Economic Cooperation and Development said
yesterday.

``Considering the exposure of European financial institutions, we
might have to start thinking of a systemic plan for Europe if things
don't improve on the other side of the Atlantic,'' OECD Secretary
General Angel Gurria said in Paris. ``The piecemeal approach may not
work in Europe either.''

To contact the reporters on this story: James Hertling in Paris at
[EMAIL PROTECTED]
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U.S. Economy: Manufacturing Contracts Most Since 2001 (Update1)

2008-10-01 Thread Frank

U.S. Economy: Manufacturing Contracts Most Since 2001 (Update1)
By Timothy R. Homan

Oct. 1 (Bloomberg) -- Manufacturing in the U.S. contracted in
September at the fastest pace since the last recession as the credit
crisis spread beyond Wall Street.
The Institute for Supply Management's factory index dropped to 43.5,
the lowest level since October 2001 and below economists' forecasts,
the Tempe, Arizona-based group reported today. A reading of 50 is the
dividing line between expansion and contraction.
Today's figures show that manufacturing, which had weathered a
domestic slowdown because of record exports, is now starting to buckle
as expansions from Japan to Germany falter with the global financial
crisis. The housing slump has already spread to autos, and other
industries may follow as mounting foreclosures, tougher lending rules
and rising unemployment choke off spending.
``This sharp drop is putting maybe an exclamation point behind the
word `recession,''' said Stuart Hoffman, chief economist at PNC
Financial Services Group Inc. in Pittsburgh, referring to the ISM
report.
Stocks slid and Treasuries climbed. The Standard  Poor's 500 index
fell 0.4 percent to close at 1161.06, spurred in part by concern that
General Electric Co.'s profits will dwindle as the company's finance
unit shrinks. Yields on benchmark 10-year notes fell to 3.73 percent
at 4:40 p.m. in New York from 3.82 percent late yesterday.
The ISM index was projected to drop to 49.5 from August's 49.9,
according to the median of 72 economists' forecasts in a Bloomberg
News survey. Estimates ranged from 48 to 51.1.
`On the Brink'
``Manufacturing could be on the brink of a collapse,'' said Lindsey
Piegza, a market analyst at FTN Financial in New York. ``There are no
orders, no jobs and there is really no incentive for businesses to
invest. The credit crisis is compounding the problem.''
Other reports today signaled the U.S. continues to lose jobs. ADP
Employer Services said companies in the U.S. cut an estimated 8,000
workers from payrolls in September after a 37,000 decrease in August,
according to figures based on payroll data.
ADP said today's estimate didn't take into account a strike by about
27,000 machinists at Boeing Co. or the job losses following Hurricanes
Gustav and Ike.
The government's September employment report is scheduled for release
in two days. The Labor Department is forecast to report a ninth
straight month of shrinking payrolls, the longest streak since the 15
months through May 2002, a period that encompassed the last recession.
The unemployment rate probably held at 6.1 percent, according to the
median forecast.
Firings Increase
Firing announcements increased 33 percent in September from that same
month last year, Chicago-based Challenger, Gray  Christmas Inc. said
in a statement.
The Commerce Department also reported that construction spending
stalled in August after a revised 1.4 percent drop the previous month
that was more than twice as large as previously estimated. Private
residential building increased for the first time since March 2007 and
work on commercial projects fell for a fourth month.
Orders from overseas have weakened as economies abroad falter. ISM's
export gauge fell to 52 from 57 the prior month.
The purchasing managers' gauge of new orders for factories decreased
to 38.8, also the lowest since 2001, from 48.3 the prior month. The
production measure dropped to 40.8 from 52.1.
``I just can't imagine that we'll see a lot of strength in the index
in the next few months,'' Norbert Ore, chairman of the ISM survey,
said in a conference call. ``It appears to be very similar'' to the
last recession in 2001, he said.
The index of prices paid plunged to 53.5, the lowest since January
2007, from 77. Energy prices have retreated from their peaks in July,
when a barrel of crude oil reached $147.
Job Measure
The employment index declined to 41.8, the lowest since 2003, from
49.7 in August.
Companies are cutting back on investments and on hiring as consumer
spending wanes. A deteriorating labor market also is causing Americans
to limit purchases to necessities such as food and fuel.
Chrysler LLC, the third-largest U.S. automaker, said last week that it
planned to fire about 250 workers as part of a plan to cut 1,000
salaried positions by Sept. 30. The Auburn Hills, Michigan-based
company's U.S. sales dropped 33 in September compared with the same
month last year, industry figures today showed.
Growth Outlook
The U.S. economy, the world's largest, probably grew at a 1.2 percent
annual rate during the third quarter, down from 2.8 percent the prior
three months, according to a Bloomberg survey of economists from Sept.
2 to Sept. 9.
Since then, economists at JPMorgan Chase  Co., Morgan Stanley and
Deutsche Bank Securities Inc. have cut their forecasts as consumer
spending stalled and the credit crisis brought down Lehman Brothers
Holdings Inc., American International Group Inc. and Washington Mutual
Inc.
A narrowing 

U.S. Auto Sales Fall 27%, Most Since 1991, on Credit (Upd

2008-10-01 Thread Frank

U.S. Auto Sales Fall 27%, Most Since 1991, on Credit (Update1)
By Mike Ramsey and Alan Ohnsman

Oct. 1 (Bloomberg) -- U.S. auto sales tumbled 27 percent in September
as the credit crisis and slowing economy dragged the industry to its
worst month since 1991, when George H.W. Bush was president.
Ford Motor Co.'s sales declined 35 percent from a year earlier and
Toyota Motor Corp.'s dropped 32 percent, their poorest monthly
performances in more than two decades. General Motors Corp.'s slid 16
percent, as incentives helped blunt its decline. Sales fell 37 percent
at Nissan Motor Co., 33 percent at Chrysler LLC and 24 percent at
Honda Motor Co.
The September results extended the industry's slide to 11 consecutive
months, the longest in 17 years. The financial crisis caused lenders
to toughen loan standards and consumers curbed spending. The reduced
availability of loans pinched automakers already hurt by gasoline
prices that rose to a record in July.
``There is a psychological impact of all the news about banks in
trouble,'' said Tom Libby, an analyst at marketing- research firm J.D.
Power  Associates in Troy, Michigan. ``If people can wait to buy a
car, they'll wait.''
Sales fell to 964,873 cars and light trucks from 1.31 million a year
earlier, according to Woodcliff Lake, New Jersey- based Autodata Corp.
The annual sales rate was 12.5 million, a drop from 16.2 million in
September 2007, Autodata said. U.S. yearly sales reached a record 17.4
million in 2000 and averaged 16.8 million this decade.
September's percentage decline was the biggest since January 1991,
according to Ward's Auto Forecast in Southfield, Michigan.
GM, Ford and Chrysler's U.S. brands' market share for the month rose
to 52.3 percent from 50.8 percent a year earlier, as GM's sales fell
less the industry's, according to Autodata. Asian companies held 39.9
percent, down from 42.1 percent.
General Motors
GM's sales of 282,806 cars and light trucks were down from 334,974 a
year earlier. Adjusted for one fewer sales day last month compared
with September 2007, the drop was 12 percent. On that basis, the
average of 5 analysts surveyed by Bloomberg was for a 26 percent
decline.
``We again gained retail share, and our total market share looks to be
above 27 percent for the month without an increase in incentives,''
said Mark LaNeve, Detroit-based GM's vice president of North American
sales, in a statement.
GM today said it's replacing offers to all buyers of prices that its
employees pay with no-interest loans of as long as six years on many
2008 models. GM's average incentive spending fell 2 percent last month
from August to $3,972 a vehicle, according to Edmunds.com. That
compares with $2,801 industrywide, almost unchanged from August.
The automaker said leasing accounted for 1 percent of sales last
month. Across the industry, lenders offered fewer leases and required
higher down payments and interest rates, Libby said.
Ford
Ford said its sales fell to 120,788 from 184,612, the 22nd decline in
the past 23 months. Sales of pickup trucks, sport- utility vehicles
and vans for its U.S. brands tumbled 39 percent, as it sold 42 percent
fewer F-Series pickups. Car sales for the Ford, Lincoln and Mercury
brands fell 19 percent.
Ford sales excluding Volvo were 116,734. That was its lowest monthly
total since December 1981, according to Autodata.
``An already weak economy compounded by very tight credit conditions
has created an atmosphere of caution,'' Jim Farley, Ford's worldwide
marketing chief, said in a statement.
The automaker is marking the 100th anniversary of the building of its
first Model T. In 1924, Ford held 60 percent of the global automotive
market, said John Wolkonowicz, auto analyst at Global Insight Inc. in
Lexington, Massachusetts. In this year's first half, Ford was fourth
in worldwide sales, behind Toyota, GM and Volkswagen AG.
Toyota, Honda
Toyota, second in the U.S. behind GM, said in a statement that
September sales fell to 144,260 cars and light trucks from 213,043 a
year earlier.
The Toyota City, Japan-based company's monthly decline was its
steepest since 32 percent in July 1987, said Bob Carter, vice
president of its U.S. sales unit, in a conference call.
Honda, Japan's second-largest automaker, sold 96,626 vehicles, down
from 127,200 a year earlier, spokesman Chris Martin said in an
interview. The percentage drop was the biggest for the company since
November 1981.
Sales fell across the Tokyo-based company's product line, except for
the Fit subcompact, he said.
``We've done nothing different, but customers just weren't coming into
dealerships,'' Martin said.
Tokyo-based Nissan, Japan's third-largest automaker, said in an e-
mailed release that it sold 59,565 vehicles, a drop from 94,269 a year
earlier.
Chrysler
Chrysler reported sales of 107,349 vehicles, dropping from 159,799.
The Auburn Hills, Michigan-based company announced new incentives for
October, with cash discounts of as much as $6,000 and interest-free, 6-
year 

Re: Step into the light Democrats

2008-10-01 Thread Hollywood

Gaar,

Really? Show me where I try to blame GB and the Republicans for
EVERYTHING.

You should like a little kid whining But MW, you let little Timmy
do EVERYTHING and I never get to do ANYTHING, WAA!

On Oct 1, 3:51 pm, Gaar [EMAIL PROTECTED] wrote:
 That's pretty funny coming from someone who tries to blame the
 President and Republicans for everything.

 On Oct 1, 1:09 pm, Hollywood [EMAIL PROTECTED] wrote:



  Keith,

  How could you possibly disagree with Gaar? He's never wrong, just ask
  him.

  No, it's not the time to endlessly point fingers. It will accomplish
  absolutely nothing. Now is the time to find long-term solutions.

  Here's what you seem to be saying. When the Republicans are the
  majority in the Congress they can accomplish nothing due to Democratic
  obstructionism. And when they are the minority they can accomplish
  nothing because they are not the majority. Your main goal seems to be
  nothing other than to make endless excuses for the Republcans, period.

  On Oct 1, 11:36 am, Keith In Tampa [EMAIL PROTECTED] wrote:

   Hey Hollywood,

    It takes a quorom in the House and a 2/3's majority in the Senate to get 
   a
   Bill passed.  So, no, it was not that the Republicans who were incompetent
   or in collusion, as the short video demonstrates, just the opposite was
   happening.

   The other day, Gaar mentioned that now was not the time to point fingers. 
    I
   have come to the conclusion that it is the time to point fingers, and I
   respectfully disagree with Gaar.

   If now is not the time to point fingers, when is?   The fact is, we, the
   people of America have been sold a bill of goods by the Democrats, and I
   think that the Democrat Party needs to be exposed for the frauds that they
   are.  Of course, they deny it, as they deny their whole agenda, when
   confronted.

   There is no American, (including you!) that can look at the facts
   objectively, and come to any other conclusion, that the Democrats in this
   Nation attempted to give free housing to those that could not afford it, 
   and
   pad their pockets in the process.  Don't get me wrong, there are some
   Republicans that are caught up in this mix, and I want their ass hung out 
   on
   a sling too!

   In truth and fact, (as the video depicted)  the Republicans have been
   calling for Fannie Mae and Freddie Mac reform for at least four years, and
   more like ten years!

   If I find fault with the Republicans, it was that they were not yelling  
   and
   screaming how bad our Nation's financial situation was, loud enough!   The
   Republicans should be faulted for not raising the alarm bells long ago, 
   and
   informing the American people.  What I find despicable, is the likes of
   Barney Frank and Chris Dodd now acting as if they did nothing wrong, and 
   are
   trying to lie their way out of it.  These are truly the ones that are
   playing Partisan politics!

   Here is the statement that Congressman Davis released to Sean Hannity
   yesterday:

   Like a lot of my Democratic colleagues I was too slow to appreciate the
   recklessness of Fannie and Freddie. I defended their efforts to encourage
   affordable homeownership when in retrospect I should have heeded the
   concerns raised by their regulator in 2004. Frankly, I wish my Democratic
   colleagues would admit when it comes to Fannie and Freddie, we were wrong.
   By the way, I wish my Republican colleagues would admit that they missed 
   the
   early warning signs, that Wall Street deregulation was overheating the
   securities market and promoting dangerously lax lending practices. When it
   comes to the debacle in our capital markets, there is much blame to go
   around for both sides.

  http://www.foxnews.com/story/0,2933,431209,00.html

   Bill Cliinton said on September 26, 2008:

   I think the responsibility that the Democrats have may rest more in
   resisting any efforts by Republicans in the Congress, or by me when I was
   president, to put some standards and tighten up a little on Fannie Mae and
   Freddie Mac.

  http://hosted.ap.org/dynamic/stories/M/MELTDOWN_ADS?SITE=DCUSNSECTIO...

   Although not perfect, Congressman Davis's statement still acknowledges 
   my
   point, and should make every American stand up and take note!  Congressman
   Davis's statement goes on, in a partisan attempt to blame Republicans for
   not tightening the regulatory scheme, when in fact, it was the Clinton
   Administration and Robert Rubin who was pushing for the deregulation. 
   Former
   Goldman Sachs partner Robert Rubin, who was President Clinton's Treasury
   Secretary. In a 1995 speech and testimony to Congress,  Rubin advocated 
   the
   Bill, and professed the Clinton Administration's intent to repeal the
   Glass-Steagall Act:

   The banking industry is fundamentally different from what it was two
   decades ago, let alone in 1933….[T]he industry has been transformed into a
   global business of 

Re: FAKE Palin Email Interview has Alaskans TICKED OFF!

2008-10-01 Thread voxitar

Sounds like basically the same thing she's been saying on the campaign
trail and in other interviewswhatt's fake about it?

On Wed, Oct 1, 2008 at 8:19 AM, PoliticalAmazon
[EMAIL PROTECTED] wrote:

 LOL, check it out!

 Sarah Palin's big EMAIL interview with the HUGE publication, Mat-Su
 Valley Frontiersman is really quite a joke.  Obviously, she did not
 prepare those answers,  a fact that many of the Alaskans responding to
 the article made.

 Actually, the best part of the interview are the comments.  Be sure to
 check them out (they follow the article on the same page).

 --

 http://frontiersman.com/articles/2008/09/30/breaking_news/doc48e1e1294d418713321438.txt

 FRONTIERSMAN EXCLUSIVE: Palin responds to questions


 ---


 


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Re: Westport, Conn., this month became the latest of a handful of communities to ban some plastic bags

2008-10-01 Thread Hollywood

Cold,

Calm down sweetheart.

If my language is too coarse for you I would suggest that you no
longer read my posts. Would you be happier if I had said I don't give
a good diddly-darn?
Not that i give a shit what makes you happy or not.  ;-)

WHY? It amuses me to do so.

On Oct 1, 5:24 pm, Cold Water [EMAIL PROTECTED] wrote:
 Who the FUCK do you think gives a FUCK about what the FUCK you don't give a
 FUCK about?  Yet, you FUCKING feel the FUCKING need to FUCKING respond to
 FUCKING posts to FUCKING say you FUCKING don't give a FUCK?  Why oh FUCKING
 why???

 You have developed a new addiction Woody - addiction to verbally abusing
 others on the Internet.  There *must* be a program for you.  ASSHOLES
 ANONYMOUS???



 - Original Message -
 From: Hollywood [EMAIL PROTECTED]
 To: PoliticalForum PoliticalForum@googlegroups.com
 Sent: Wednesday, October 01, 2008 4:17 PM
 Subject: Re: Westport, Conn., this month became the latest of a handful of

 communities to ban some plastic bags

 Zeb,

 Feel free to disprove and of the data mentioned. You have something
 against good health?
 Brush your teeth with DDT every morning if you wish, use a pillow
 stuffed with asbestos, I personally don't give a fuck.

 On Oct 1, 12:14 pm, Zebnick [EMAIL PROTECTED] wrote:
  Christ, how do you libs get out of bed in the morning with all the
  deadly threats that surround you and the myriad of conspiracies meant
  to destroy you afoot?

  On Oct 1, 11:24 am, Hollywood [EMAIL PROTECTED] wrote:

   rigs,

   Tough to find any liquid in a bottle NOT made of plastic anymore. When
   I was a kid milk and other liquids came in glass bottles and coated
   paper cartons.

   On Oct 1, 2:57 am, rigsy03 [EMAIL PROTECTED] wrote:

There is data that plastics are absorbed into foods you nuke, pack or
store. Glass or wax paper, preferred.

On Sep 30, 10:31 am, Hollywood [EMAIL PROTECTED] wrote:

 mike,

 Anyone considered who much oil is used in the making of plastics?

 On Sep 30, 4:26 am, mike532 [ Republicans for Obama ]

 [EMAIL PROTECTED] wrote:
  America's dirty little oil secret: Plastic Bottles and
  Bags America consumes 31.2 billion
  water bottles a year taking 17.6 million barrels of oil to create
  them. Enough to fuel 1.5 million cars for a year. America consumes
  100
  billion plastic bags a year taking 12 million barrels of oil.
  World
  figures? 154.3 billion water bottles and 500 billion - 1 trillion
  bags=147.4 - 207.4 million barrels of oil a year.

  On Sep 30, 5:20 am, mike532 [ Republicans for Obama ]

  [EMAIL PROTECTED] wrote:
   Editorial
   No More Plastic
   Bagshttp://www.nytimes.com/2008/09/30/opinion/30tue4.html?themc=th
   Westport, Conn., this month became the latest of a handful of
   communities to ban some plastic bags. The bags, which have only
   a
   brief, useful life, can survive forever in landfills and are of
   enormous concern to not only environmentalists but local
   officials who
   are running out of places to put their trash.

   Westport’s ordinance will take effect in six months and applies
   to
   bags dispensed at checkout counters. Others, like dry cleaning
   bags,
   will be exempted. The aim is to reduce litter and encourage
   customers
   to tote their groceries in reusable cloth bags.

   The town’s stand is laudable but will have only a limited effect
   on
   what is, after all, a statewide problem. The Connecticut
   Legislature
   rebuffed a proposed statewide ban last year. Massachusetts and
   Maine
   considered similar bans and also backed down.

   Americans use and dispose of at least 100 billion bags every
   year.
   Although the plastics industry points out that plastic grocery
   bags
   are made more from natural gas than petroleum, natural gas is
   not a
   renewable resource and contributes to global warming. And about
   only 5
   percent of all plastic bags are recycled nationwide. The rest
   end up
   in the trash, hanging in trees or floating in water where they
   menace
   marine life.

   There are other possible remedies, including a constructive idea
   that
   has taken hold in Ireland. In 2002, Ireland became the first
   country
   in the world to impose a tax on plastic bags. Use of the bags
   dropped
   by 90 percent, and proceeds from the tax went to environmental
   causes.

   If Ireland is any guide, tax laws may have greater impact on
   human
   behavior than recycling laws. Tax law could also be written to
   apply
   to an entire state, thus eliminating the need for town-by-town
   bans.

   More Articles in Opinion » A version of this article appeared in
   print
   on September 30, 2008, on page A26 of the New York edition.-
   Hide quoted 

Re: I've Debated Sarah Palin More Than 20 Times -- Here's What It's Like

2008-10-01 Thread voxitar

Biden's in deep shit.  He doesn't know how NOT to be an arrogant
blowhard, and Sarah connects with Joe  and Josephine six-pack quite
well.

On Wed, Oct 1, 2008 at 6:13 AM, mike532 [ Republicans for Obama ]
[EMAIL PROTECTED] wrote:

 I've Debated Sarah Palin More Than 20 Times -- Here's What It's Like
 http://www.alternet.org/election08/101011/
 I know firsthand: She's a master of the nonanswer.
 Anchorage, Alaska - When he faces off against Sarah Palin Thursday
 night, Joe Biden will have his hands full.

 I should know. I've debated Governor Palin more than two dozen times.
 And she's a master, not of facts, figures, or insightful policy
 recommendations, but at the fine art of the nonanswer, the glittering
 generality. Against such charms there is little Senator Biden, or
 anyone, can do.

 On paper, of course, the debate appears to be a mismatch.

 In 2000, Palin was the mayor of an Alaskan town of 5,500 people, while
 Biden was serving his 28th year as a United States senator. Her major
 public policy concern was building a local ice rink and sports center.
 His major public policy concern was the State Department's decision to
 grant an export license to allow sales of heavy-lift helicopters to
 Turkey, during tense UN-sponsored Cyprus peace talks.

 On paper, the difference in experience on both domestic and foreign
 policy is like the difference between shooting a bullet and throwing a
 bullet. Unfortunately for Biden, if recent history is an indicator,
 experience or a grasp of the issues won't matter when it comes to
 debating Palin.

 On April 17, 2006, Palin and I participated in a debate at the
 University of Alaska in Fairbanks on agriculture issues. The next day,
 the Fairbanks Daily News Miner published this excerpt:

 Andrew Halcro, a declared independent candidate from Anchorage, came
 armed with statistics on agricultural productivity. Sarah Palin, a
 Republican from Wasilla, said the Matanuska Valley provides a positive
 example for other communities interested in agriculture to study.

 On April 18, 2006, Palin and I sat together in a hotel coffee shop
 comparing campaign trail notes. As we talked about the debates, Palin
 made a comment that highlights the phenomenon that Biden is up
 against.

 Andrew, I watch you at these debates with no notes, no papers, and
 yet when asked questions, you spout off facts, figures, and policies,
 and I'm amazed. But then I look out into the audience and I ask
 myself, 'Does any of this really matter?'  Palin said.

 While policy wonks such as Biden might cringe, it seemed to me that
 Palin was simply vocalizing her strength without realizing it. During
 the campaign, Palin's knowledge on public policy issues never matured
 -- because it didn't have to. Her ability to fill the debate halls
 with her presence and her gift of the glittering generality made it
 possible for her to rely on populism instead of policy.

 Palin is a master of the nonanswer. She can turn a 60-second response
 to a query about her specific solutions to healthcare challenges into
 a folksy story about how she's met people on the campaign trail who
 face healthcare challenges. All without uttering a word about her
 public-policy solutions to healthcare challenges.

 In one debate, a moderator asked the candidates to name a bill the
 legislature had recently passed that we didn't like. I named one.
 Democratic candidate Tony Knowles named one. But Sarah Palin instead
 used her allotted time to criticize the incumbent governor, Frank
 Murkowski. Asked to name a bill we did like, the same pattern emerged:
 Palin didn't name a bill.

 And when she does answer the actual question asked, she has a canny
 ability to connect with the audience on a personal level. For example,
 asked to name a major issue that had been ignored during the campaign,
 I discussed the health of local communities, Mr. Knowles talked about
 affordable healthcare, and Palin talked about ... the need to protect
 hunting and fishing rights.

 So what does that mean for Biden? With shorter question-and-answer
 times and limited interaction between the two, he should simply ignore
 Palin in a respectful manner on the stage and answer the questions as
 though he were alone. Any attempt to flex his public-policy knowledge
 and show Palin is not ready for prime time will inevitably cast him in
 the role of the bully.

 On the other side of the stage, if Palin is to be successful, she
 needs to do what she does best: fill the room with her presence and
 stick to the scripted sound bites.


 


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Re: Step into the light Democrats

2008-10-01 Thread Gaar

Again, pretty funny coming from one of the biggest whiners here...


On Oct 1, 3:55 pm, Hollywood [EMAIL PROTECTED] wrote:
 Gaar,

 Really? Show me where I try to blame GB and the Republicans for
 EVERYTHING.

 You should like a little kid whining But MW, you let little Timmy
 do EVERYTHING and I never get to do ANYTHING, WAA!

 On Oct 1, 3:51 pm, Gaar [EMAIL PROTECTED] wrote:



  That's pretty funny coming from someone who tries to blame the
  President and Republicans for everything.

  On Oct 1, 1:09 pm, Hollywood [EMAIL PROTECTED] wrote:

   Keith,

   How could you possibly disagree with Gaar? He's never wrong, just ask
   him.

   No, it's not the time to endlessly point fingers. It will accomplish
   absolutely nothing. Now is the time to find long-term solutions.

   Here's what you seem to be saying. When the Republicans are the
   majority in the Congress they can accomplish nothing due to Democratic
   obstructionism. And when they are the minority they can accomplish
   nothing because they are not the majority. Your main goal seems to be
   nothing other than to make endless excuses for the Republcans, period.

   On Oct 1, 11:36 am, Keith In Tampa [EMAIL PROTECTED] wrote:

Hey Hollywood,

 It takes a quorom in the House and a 2/3's majority in the Senate to 
get a
Bill passed.  So, no, it was not that the Republicans who were 
incompetent
or in collusion, as the short video demonstrates, just the opposite was
happening.

The other day, Gaar mentioned that now was not the time to point 
fingers.  I
have come to the conclusion that it is the time to point fingers, and I
respectfully disagree with Gaar.

If now is not the time to point fingers, when is?   The fact is, we, 
the
people of America have been sold a bill of goods by the Democrats, and I
think that the Democrat Party needs to be exposed for the frauds that 
they
are.  Of course, they deny it, as they deny their whole agenda, when
confronted.

There is no American, (including you!) that can look at the facts
objectively, and come to any other conclusion, that the Democrats in 
this
Nation attempted to give free housing to those that could not afford 
it, and
pad their pockets in the process.  Don't get me wrong, there are some
Republicans that are caught up in this mix, and I want their ass hung 
out on
a sling too!

In truth and fact, (as the video depicted)  the Republicans have been
calling for Fannie Mae and Freddie Mac reform for at least four years, 
and
more like ten years!

If I find fault with the Republicans, it was that they were not yelling 
 and
screaming how bad our Nation's financial situation was, loud enough!   
The
Republicans should be faulted for not raising the alarm bells long ago, 
and
informing the American people.  What I find despicable, is the likes of
Barney Frank and Chris Dodd now acting as if they did nothing wrong, 
and are
trying to lie their way out of it.  These are truly the ones that are
playing Partisan politics!

Here is the statement that Congressman Davis released to Sean Hannity
yesterday:

Like a lot of my Democratic colleagues I was too slow to appreciate the
recklessness of Fannie and Freddie. I defended their efforts to 
encourage
affordable homeownership when in retrospect I should have heeded the
concerns raised by their regulator in 2004. Frankly, I wish my 
Democratic
colleagues would admit when it comes to Fannie and Freddie, we were 
wrong.
By the way, I wish my Republican colleagues would admit that they 
missed the
early warning signs, that Wall Street deregulation was overheating the
securities market and promoting dangerously lax lending practices. When 
it
comes to the debacle in our capital markets, there is much blame to go
around for both sides.

   http://www.foxnews.com/story/0,2933,431209,00.html

Bill Cliinton said on September 26, 2008:

I think the responsibility that the Democrats have may rest more in
resisting any efforts by Republicans in the Congress, or by me when I 
was
president, to put some standards and tighten up a little on Fannie Mae 
and
Freddie Mac.

   http://hosted.ap.org/dynamic/stories/M/MELTDOWN_ADS?SITE=DCUSNSECTIO...

Although not perfect, Congressman Davis's statement still 
acknowledges my
point, and should make every American stand up and take note!  
Congressman
Davis's statement goes on, in a partisan attempt to blame Republicans 
for
not tightening the regulatory scheme, when in fact, it was the Clinton
Administration and Robert Rubin who was pushing for the deregulation. 
Former
Goldman Sachs partner Robert Rubin, who was President Clinton's Treasury
Secretary. In a 1995 speech and testimony to Congress,  Rubin advocated 
the

Re: UH-OH. One of Palin's State Employees Flipped on the Workers' Compensation Scandal

2008-10-01 Thread voxitar

Complete horseshit.

From the Anchorage Daily News:
---
Wooten's claims case was routine, lawyer says
By WESLEY LOY
[EMAIL PROTECTED]

A lawyer who represented embattled state Trooper Mike Wooten in his
claim for workers' compensation benefits said he saw no evidence Gov.
Sarah Palin's office interfered in the case.
---

PA, this is your weakest smear of Palin yet.  You're losing your touch.

On Tue, Sep 30, 2008 at 6:42 PM, PoliticalAmazon
[EMAIL PROTECTED] wrote:

 I guess Sarah Palin doesn't yank everyone around by the short hairs in
 Alaska.

 One of her employees flipped and described in great detail how Palin
 prssured her to turn down the WC claim.
 


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Bank Runs...

2008-10-01 Thread d.b.baker

A couple of things. First, it's been reported that Bank of America has
suspended its construction loans to McDonald's for their add-on coffee
bars. Considering the bank, BoA, and the financial strength of
McDonald's, suspension/canceling these particular loans doesn't makes
sense - particularly because McDonald's is a cash machine, and the
loans (about $100,000 per store) are co-signed by the franchisees.
Unless, of course, BoA has experienced a run which in turn has
severely reduced their liquidity.

Second, online brokerages are apparently experiencing a flight of
cash, online traders moving their cash to banks - that is, cashing in
and getting out.







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