Latest From the Blog
Watch: White House Economic Adviser Evades Questions On Banks’ Fleecing Of American Taxpayers
This is a must watch interview.
Dylan Ratigan who hosts MSNBC’s “Morning Meeting” is one of the best journalists in the field, because he’s one of the few who really knows the issues intimately, and who relentlessly takes Politicians to task for coming on and spinning with disingenuous talking points. If we had a dozen Dylan Ratigans during the run-up to the invasion of Iraq, I doubt the public would have ever gotten on board with the neo-cons.
Christina Romer, chair of the White House Council of Economic Advisers, came on “Morning Meeting” hoping to paint a positive picture of the newly released economic numbers. But then Ratigan exposes the reality behind the dire small business lending numbers. He reveals how banks have taken the taxpayer money — given to them by the Treasury to stimulate the credit markets — and have hoarded it.
He outlines how they received these trillions of dollars at an ultra-low interest rate — ZERO PERCENT! — and instead of lending it out to businesses, they just purchased Treasury bonds from the government (essentially lending the money back to the government), while charging the government (i.e. the taxpayer) the going interest rate. He points out that this spread has given the banks their new obscene profits, which they now are using to reward themselves with obscene bonuses — essentially pocketing the taxpayer’s money, while refusing to lend it out.
Ratigan asks Romer whether there’s been any discussion in the White House on the windfall profits tax (a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry), and points out that this is the exact type of situation this windfall profits tax was created for.
Romer immediately tries to spin away from this dialogue, but Ratigan won’t let her — he pulls her back in. You gotta see this:
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What Makes America Safer: Fiscal Stability, Or Chasing 100 Terrorists Around Afghanistan?
In Obama’s Afghanistan speech at West Point, he announced he would be escalating our troop levels in Afghanistan by 30,000-35,000 to ensure those who attacked us on 9-11 are resoundingly defeated. ABC News notes that Obama conveniently left out a very significant fact, when making his case:
A senior U.S. intelligence official told ABCNews.com the approximate estimate of 100 al Qaeda members left in Afghanistan reflects the conclusion of American intelligence agencies and the Defense Department. The relatively small number was part of the intelligence passed on to the White House as President Obama conducted his deliberations.
So, Obama is committing 30,000-35,000 new U.S. troops — at $1 million per soldier per year, which comes to $30-35 billion dollars in more U.S. national debt — to defeat 100 Al Qaeda operatives in Afghanistan? That works out to $300-350 million per Al Qaeda operative! Has he lost his marbles?!
Al Qaeda is a loosely affiliated network with operatives all over the world: Somalia, Yemen, Saudi Arabia, Jordan, Germany, Britain, Spain, United States, etc. and we’re to dig ourselves into an even greater financial ditch chasing after just 100 of these operatives who may very well be somewhere beyond the Pakistani border, or possibly now in Somalia, or Saudi Arabia?
Al Qaeda can nearly claim themselves ‘victors’ in their war against the world’s last superpower. Not because of anything they did — 9-11 was mostly about inadequate airport security and a Bush Administration unwilling to read their national security memos, like the one entitled “Bin Laden Determined to Strike in U.S.” — a memo which sat on Condi Rice’s desk for one month and a week before the planes hit the twin towers.
Rather Al Qaeda is winning, because of our ineffective, money-bleeding, military occupations. We have effectively self-destructed as the world’s largest financial power. Essentially, we became so shortsighted — so determined to fix a menacing fly buzzing around our face, we reached for a twelve gauge shotgun, targeted the fly resting upon our forehead — and pulled the trigger.
American al Qaeda figure Adam Gadahn — no, I didn’t say Afghan, I said American — gloated in a recent video about how they were defeating the West:
Gadahn called on Muslims to support jihad with “men and money,” while claiming that the West was now on the verge of collapse under the strikes of the militants.
“The enemy under the leadership of the unbelieving West has began to stagger and falter, and the results of its unabated bleeding has began to show on its economy, which is on the brink of failure,” said Gadahn.
All they have to do is keep some operative alive, in some Muslim country, and America will fiscally come apart looking under every single rock until he’s found.
Is it any wonder that Americans have had enough of this lunacy? New polls show Americans are turning sharply towards isolationism:
At the very moment when President Barack Obama is looking to thrust the U.S. ever more into global affairs, from Afghanistan to climate change, the American public is turning more isolationist and unilateralist than it has at any time in decades, according to a new poll released Thursday.
The survey by the Pew Research Center found a plurality of Americans — 49 percent — think that the U.S. should “mind its own business internationally” and leave it to other countries to fend for themselves.
It was the first time in more than 40 years of polling that the ranks of Americans with isolationist sentiment outnumbered those with a more international outlook, Pew said. […]
The shift in sentiment comes after more than eight years of war in Afghanistan and almost seven in Iraq, as well as the worst economy since the Great Depression.
Just 32 percent of the public favors increasing U.S. troops in Afghanistan, and only 46 percent say it’s likely that Afghanistan will be able to withstand the threat posed by the Taliban.
The Hill reports that a significant majority of Americans now view overseas war expenditures as a direct threat to fixing a collapsing economic system here at home:
Seventy-three percent told Gallup in its latest measure, released Friday, that they were “very” or “somewhat” fearful the White House’s newly announced troop surge would make it difficult for Congress and the president to tackle such issues as healthcare and the economy in the coming months.
By contrast, only 26 percent signaled they were not concerned the new strategy’s cost — estimated to be about $30 billion — would in any way complicate domestic policymaking.
It would be wise to remember the former U.S.S.R.’s experience in trying to militarily tame Afghanistan:
It was Moscow’s Vietnam, we have come to accept. A bloody quagmire with disastrous consequences that left a million Afghans dead and a generation of Soviet men pulverised by trauma, as had happened to their American counterparts in southeast Asia in the 1960s and 1970s. The conflict lasted 10 years and the Soviet army retreated only to see its very existence crumble a few years later with the collapse of Communism.
Mr. President, it’s time to bring our troops home, rebuild our economy and our health care system, and get our financial house in order. I’ve never felt so insecure as an American in my life, and it has absolutely nothing to do with those 100 Al Qaeda cave-dwellers in Afghanistan. Claim victory, and withdraw already.
UPDATE (Dec. 6, 2009):
Here’s a good read by Sam Stein / Huffington Post on Senator Russ Feingold’s appearance on ABC’s “This Week” with George Stephanopoulos this morning. Feingold makes a similar point:
Pakistan, in the border region near Afghanistan, is perhaps the epicenter [of global terrorism], although al Qaida is operating all over the world, in Yemen, in Somalia, in northern Africa, affiliates in Southeast Asia. Why would we build up 100,000 or more troops in parts of Afghanistan included that are not even near the border? You know, this buildup is in Helmand Province. That’s not next door to Waziristan. So I’m wondering, what exactly is this strategy, given the fact that we have seen that there is a minimal presence of Al Qaida in Afghanistan, but a significant presence in Pakistan? It just defies common sense that a huge boots on the ground presence in a place where these people are not is the right strategy. It doesn’t make any sense to me.
Watch: Roxy Music “Same Old Scene”
Here’s one of my all-time favorites. Each time I hear that intro, it’s like an instant flashback into a different world — namely, my youth.
I was fortunate enough to have seen Bryan Ferry play live around 1989-1990 with my brother — a show I’ll never forget. Fantastic!
From the album Flesh and Blood, here’s ‘Same Old Scene’. Enjoy!:
[youtube]http://www.youtube.com/watch?v=UJ4Og6f2NLY[/youtube]
“Same Old Scene,” and The Best of Roxy Music album can be downloaded here:
Public Option Dying In Senate, Just As New Poll Reveals 60% Of Americans Want It
Senate Majority Leader Harry Reid has yet to come up with the 60-required votes to pass ANY variation of a public option. The key obstructionists remain as dug in as ever, and any who’ve hinted at compromise are adamant that any public option be so watered down, as to lose any effectiveness: Sen. Joe Lieberman […]
Ha’aretz: E.U. Presidency Document Calls For Division Of Jerusalem & Return To 1967 Borders
The pressure continues to mount on the far-right Likudnik government in Israel. Ha’aretz has just obtained a copy of a document, drafted by the European Union Presidency, which effectively backs a unilateral Palestinian declaration of statehood, based on the 1967 borders. The document follows: The world is clearly getting sick and tired of Netanyahu’s refusal […]
War Mongers Are Furious About Proposed War Surtax On Wealthiest 2%
Those on the right — the same ones who claimed to be ‘fiscal conservatives’ while they doubled our national debt with trillions in tax cuts for the wealthy, while simultaneously fighting two wars — are now up in arms that the richest two percent may be asked to pay a war surtax to help fund […]
Why PETA’s Turkey Commercial Should Not Be Banned
PETA’s new Thanksgiving commercial features a large family gathered around the dining room table upon which a man places a big juicy turkey, and asks his little daughter to say Grace. She agrees and then what follows provokes uncomfortable gestures from everyone around the table. What is it the little girl said that drew such […]
FREE 12-Song Download: Carbon/Silicon (Ex-Clash Mick Jones) New LP, ‘Carbon Bubble’
Great news for all impoverished music lovers out there! Carbon/Silicon, featuring — one of my all-time favorite songwriters — Mick Jones (formerly of The Clash and Big Audio Dynamite) and Tony James (formerly of Generation X), have just released their new 12-Song LP entitled The Carbon Bubble. It is available at the Carbon/Silicon site as […]
MUST WATCH: Sarah Palin Supporters Reveal Their Ignorance On Every Issue
For those of you who — like me — have been mystified by the huge crowds flocking to tea parties, anti-health care reform rallies, nut-job Sarah Palin events, etc. this video will shed some light on things. On November 20th, Chase Whiteside and Erick Stoll attended a Sarah Palin book signing event at Borders bookstore […]