Wednesday, October 1, 2008

Senate passes $700B rescue; House votes lured

Senate passes $700B rescue; House votes lured

By JULIE HIRSCHFELD DAVIS and CHARLES BABINGTON

Go To Original

After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.

Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.

In the House, leaders were working feverishly to convert enough opponents of the bill to push it through by Friday, just days after lawmakers there stunningly rejected an earlier version and sent markets plunging around the globe.

The measure didn't cause the same uproar in the Senate, where both parties' presidential candidates, Republican John McCain and Democrat Barack Obama, made rare appearances to cast "aye" votes, as did Obama's running mate, Sen. Joe Biden of Delaware.

In the final vote, 39 Democrats, 34 Republicans and independent Sen. Joe Lieberman of Connecticut voted "yes." Nine Democrats, 15 Republicans and independent Sen. Bernie Sanders of Vermont voted "no."

President Bush issued a statement praising the Senate's move. With the revisions, Bush said, "I believe members of both parties in the House can support this legislation. The American people expect and our economy demands that the House pass this good bill this week and send it to my desk."

The rescue package lets the government spend billions of dollars to buy bad mortgage-related securities and other devalued assets held by troubled financial institutions. If successful, advocates say, that would allow frozen credit to begin flowing again and prevent a deep recession.

Even as the Senate voted, House leaders were hunting for the 12 votes they would need to turn around Monday's 228-205 defeat. They were especially targeting the 133 Republicans who voted "no."

Their opposition appeared to be easing after the Senate added $110 billion in tax breaks for businesses and the middle class, plus a provision to raise, from $100,000 to $250,000, the cap on federal deposit insurance.

They were also cheering a decision Tuesday by the Securities and Exchange Commission to ease rules that force companies to devalue assets on their balance sheets to reflect the price they can get on the market.

There were worries, though, that the tax breaks would cause some conservative-leaning "Blue Dog" Democrats who voted for the rescue Monday to abandon it. The bill doesn't designate a way to pay for many of the tax cuts, and Blue Dogs typically oppose any measure that swells the deficit.

"I'm concerned about that," said Rep. Steny Hoyer, D-Md., the majority leader.

Raising the deposit insurance limit — along with the SEC's accounting change — helped House Republicans claim credit for some substantive changes. And with constituent feedback changing dramatically since Monday's shocking House defeat and the corresponding market plunge, lawmakers' comfort level with the package increased markedly.

Rep. John Shadegg, R-Ariz., who voted "no" on Monday, said he was leaning toward switching, and Rep. Steve LaTourette,R-Ohio, said he was "getting there." Several others were weighing a flip, said Republican officials who spoke on condition of anonymity because the lawmakers had not yet announced how they would vote.

Leaders in both parties, as well as private economic chiefs everywhere, said Congress must quickly approve some version of the bailout measure to start loans flowing and stave off a potential national economic disaster.

"This is what we need to do right now to prevent the possibility of a crisis turning into a catastrophe," Obama said on the Senate floor. In Missouri, before flying to Washington to vote, McCain said, "If we fail to act, the gears of our economy will grind to a halt."

Critics on the right and left assailed the rescue plan, which has been panned by their constituents as a giveaway for Wall Street, and has little obvious direct benefit for ordinary Americans.

Sen. Jim DeMint, R-S.C., a leading conservative, said the step was "leading us into the pit of socialism."

Sanders, a self-described socialist, said the rescue was fundamentally unfair.

"The masters of the universe, those brilliant Wall Street insiders who have made more money than the average American can even dream of, have brought our financial system to the brink of collapse," Sanders said, and are demanding that the middle class "pick up the pieces that they broke."

Still, proponents argued that the financial sector's woes were already being felt by ordinary people in the form of unaffordable credit and underperforming retirement savings and without the bailout would soon translate into even more economic pain for working Americans, including more job losses.

"There will be no balloons or bunting or parades," when the rescue becomes law, said Sen. Chris Dodd, D-Conn., the Banking Committee chairman. But lawmakers will have "the knowledge that at one of our nation's moments of maximum economic peril, we acted — not for the benefit of a particular few, but for all Americans."

Sen. Judd Gregg, R-N.H., said the intense, at times contentious, 11-day round of bipartisan talks to craft the bailout — which followed dire warnings of impending economic meltdown from Bush's economic chiefs to congressional leaders — was an "extraordinary experience."

"This is the way government's supposed to work, folks, and it did," Gregg said.

The Senate specializes in high-stakes legislating by enticement, and the long list of sweeteners it added was designed to attract votes from various constituencies.

In addition to extending several tax breaks popular with businesses, the bill would keep the alternative minimum tax from hitting 20 million middle-income Americans and provide $8 billion in tax relief for those hit by natural disasters in the Midwest, Texas and Louisiana.

Tax cuts new and old are favorites for most House Republicans. Help for rural schools was aimed mainly at lawmakers in the West, while disaster aid was a top priority for lawmakers from across the Midwest and South.

Another addition, to extend the deductibility of state and local taxes for people in states without income taxes, helps Florida and Texas, among others.

Increasing the deposit insurance cap was a bid to reassure individuals and small businesses that their money would be safe if their banks collapsed. It was particularly geared toward small banks that fear customers will pull their money and park it in larger institutions seen as less likely to fold.

The FDIC would be allowed to borrow unlimited money from the Treasury Department through the end of next year as a way to cover the increased insurance limit. If used, it would be the first time the agency has tapped Treasury for a loan since the early 1990s.

The rescue bill hitched a ride on a popular measure that gives people with mental illness better health insurance coverage. Before passing it, senators voted by an identical 74-25 margin to attach the massive bailout and the tax breaks.

Common Man News 10/2008


News for the common man because the elite already know!


10/31/2008

Broken Securities Industry Still Has $20 Billion to Pay Bonuses

GDP, consumer spending contract as US plunges into recession

Call This a Crisis? Just Wait

Message Of Massacre Lives On For Palestinians

Chevron profits hit new record of $7. 89 billion

Bailout funds being spent in ways Congress never foresaw

CIA officers could face trial in Britain over torture allegations

Undervotes: The Scary Canary

Election Protection By Amy Goodman

The Triumph of Ignorance: How Morons Succeed in U. S. Politics

"A Second 9/11": An Integral Part of US Military Doctrin

A win for purged Colorado voters

BPA Ruling Flawed, Panel Says FDA Ignored Scientific Evidence of Harm, Report Finds

Women Buying Health Policies Pay a Penalty

Sharpest Consumption Drop Since 1980 Pushes GDP Negative

Running Against the Republicans AND the Democrats: Why I’m Campaigning for Cindy Sheehan

The New Technology of Repression

Army Seeks Help With Rising Suicide Rate Among Soldiers

A Question for A. I. G.: Where Did the Cash Go?

Banks to Continue Paying Dividends With Bailout Money

Oil company bonanza continues with record profits for Shell and Exxon


10/30/2008

Exxon Mobil: Biggest profit in U. S. history

Expanding War, Contracting Meaning

US Federal Reserve cuts interest rates as recession deepens

US defense secretary expands pre-emptive war doctrine to include nuclear strikes

More than 3,000 registered Coloradans barred from voting

Stop GOP Vote Suppression

Meltdown in Paradise: Hawaiian Aspects of the Wall Street Disaster

Millions of Iraqis at risk from contaminated water, says Red Cross

Police fear riots if Barack Obama loses US election

Bio Lab in Galveston Raises Concerns

"They’re Ba-ack..."

10/29/2008

U. S. pulls the plug on the world

Tough times: Congress Grew 13 Percent Richer In 2007

Two Parties, One Imperial Mission The US Empire will Survive Bush

The “dirty little secret” of the US bank bailout

Beginning of Hyperinflation

Uses for $700 billion bailout money ever shifting

Gates Expands Bush Doctrine

The Ugly America

Where have all the water fountains gone?

California high-risk pool for medically uninsurable helps fewer residents

There’s a Huge Wave of Inflation Coming Toward Us

Beyond Privacy, Toward Equality

First-Ever Layoffs Loom at Postal Service

Europe’s secret plan to boost GM crop production

US Raids Ignore International Law


10/28/2008

Credit Cards: The Plastic Trap

Home prices fall by sharpest annual rate ever

With time short, Bush pushes EPA to relax power-plant rule

Uniting & fighting back is no longer a choice; it’s a matter of survival

US carries out fresh air strike in Pakistan

US military forces attack Syrian village, killing eight

Pentagon Panel: Biden Was Right, Prep for ’Crisis’

Cost of crash: $2,800,000,000,000

Alan Shrugged

Sen. Stevens guilty on seven counts of corruption

Wal-Mart has perfected the art of union-busting, researcher says


10/27/2008

Warnings of deep recession as US layoffs spread coast-to-coast

California Foreclosures Soar By 228%

Nouriel Roubini: I fear the worst is yet to come

Wall Street’s Trojan Horse

Alan Greenspan: Public Enemy Number One

Putting the Pentagon on the Auction Block

Federal judge slaps voters in face, energizes patriots

Bush Administration to Bypass Reporting Law

So When Will Banks Give Loans?

US forces kill eight in helicopter raid on Syria


10/26/2008

Down For The Count, "The whole system is contracting"

The Grand Merger!

Chinese Yuan the World’s New Reserve Currency

The Housing Bubble & Its Crash were Engineered by the US Government, the Fed & Wall Street

US federal appeals court stays Troy Davis execution

Signs of slowdown spiral around the world $16. 3 trillion in stock value lost since Sept. 1

How Banks Push Troubled Borrowers Deeper Into Debt

Are You Ready for the Worst the Economy Has to Offer?

Job Losses Accelerate, Signaling Deeper Distress

EPA weakens new lead rule after White House objects

Bush Intervenes in Ohio Voter Dispute

For Whom the Bailout Tolls

Iraq in Hell


10/24/2008

A Wasted Vote by Chuck Baldwin

Eastern European economies face bankruptcy

US layoffs mount, home foreclosures rise

Union Card or Master Card -- How a Nation of Workers Became a Nation of Debtors

Early Voting Sees Reports of Voter Intimidation, Machine Malfunctions

Credit Suisse reports £670m loss

Early voting trickle quickly becoming a torrent

Indiana judge rules against closing early voting sites

50 percent of all species could disappear within the lifetimes of people now living on Earth

Greenspan Concedes Error on Regulation

Redistributing To The Rich

Wealth gap creating a social time bomb

OPEC slashes production; crude continues to tumble


10/23/2008

US foreclosure filings up 71 percent in 3Q

Big Oil’s Last Stand

More bailout contracts contain blacked out portions

ACLU Demands Information On Military Deployment Within U. S. Borders

"Under water" mortgages are growing threat to U. S.

Fewer prescriptions filled as economy worsens

Monthly job losses cut across 41 states

Yahoo firing 1,500 workers; 3Q profit falls 64 pct

Wachovia has $23. 9 billion loss on writeoff, mortgages

Maybe the rich are the problem

An expense account to envy: taxpayers foot the tab

The Rules Are Set in Stone For the Rabble

Elections USA: Do They Matter? 100 million nonvoters send a stinging message of disenchantment

Arms for the Poor


10/22/2008

OECD report ranks US third worst in inequality and poverty

Police prepare for unrest

Sen. Warner Supports Domestic Use of Military

Bush Authorizes Record Defense Budget

Foreclosure crisis falls hard on veterans

Al-Qaeda Leaders Root for McCain

The Global War on Terror Report Card

No Child Left Behind Fails Us All

Fed injects $540bn into markets

Homeless numbers ’alarming’

Layoffs spreading across corporate America

The Idiots Who Rule America


10/21/2008

Bubbles Are Bursting Worldwide

Paulson panics as UK, Germany find own solution

U. S. willing to discuss international financial governance

Interpol Details Plans For Global Biometric Facial Scan Database

"We Have to Share This Pain"

Iceland’s Economic Meltdown Is a Big Flashing Warning Sign

Could the US election be stolen?

Machine Problems Plague 1st Day Of Early Voting


10/20/2008

World Peace is More Than Just the Silencing of the Guns

Pakistani offensive creates refugee crisis

Freddie Mac secretly paid Republican firm to kill regulation

US bank losses wipe out years of paper profits

US Supreme Court denies Mumia Abu-Jamal’s appeal for new trial

Hard Times

Block the Vote

The Rising Body Count on Main Street; The Human Fallout from the Financial Crisis

Food Stamp Challenge prompts belt tightening

Some early W. Va. voters angry over switched votes

Wall Street banks in $70bn staff payout

Thousands Face Mix-Ups In Voter Registrations

Financial Meltdown: The Greatest Transfer of Wealth in History

The torture time bomb

Attack on Iran Off the Table?

Nader: Tax Wall St. for bailout

Germany passes $675bn bailout

America’s Coup D’√Čtat in the Making

Mass Actions on the 6th Anniversary of the Iraq War -- March 21, 2009


10/17/2008

Single-Family Home Starts in U. S. Fall to 26-Year Low

How Paulson pressed banks to sign intervention deal

Asian markets plummet amid fears of global recession

NJ flu-shot mandate for preschoolers draws outcry

Birmingham on the brink of bankruptcy

Home Prices Seem Far From Bottom

Infant Deaths Drop in U. S. ranked 29th lowest in the world

Americans Unwilling to Face Reality

Capitalism Without Capital? By Ron Paul


10/16/2008

Nearly 30 percent of US families subsist on poverty wages

How the financial aristocracy laid down the law

Stock markets fall as global recession takes hold

Why the Bailout Won’t Do Anything for the Root of the Problem

Final looting of America by outlaws in D. C.

Report Details Bush Officials’ Partisan Trips

Mark Shapiro’s "Exposed": Deregulating Chemicals

Grim outlook on U. S. profits and jobs

Fed Opens Cash Spigot to Overseas Credit Markets

No Dog in this Fight

When the Federal Government Fails the People

The 56 Trillion Dollar Deficit

U. S. Could Guarantee $2 Trillion For Banks

Steering Committee To Seek Prosecution of Bush For War Crimes

The ’unitary executive’ question

Our Rights Are Under Attack

Blackwater assists Law enforcement in fugitive search

Bush Declares Exceptions to Sections of Two Bills He Signed Into Law

Crisis is the fruit of policies that encourage low wages


10/15/2008

The stock market’s false rallies—what history tells us

No sacrifice for the bankers

Hospitals in the American South 70% More Likely to Kill You

Federal deficit hits record $455 billion

Bush Exceeded Power by Withholding Cheney Comments, Report Says

The Supreme Court has declined to hear Troy Davis’ case.

Study: Many cancer patients forgoing care because of cost

Disappearing pensions make Americans’ lives less secure

US Journalists & War-Crime Guilt

Bush Doctrine Becomes DoD Dogma

Bush White House ’endorsed torture’ In Secret Memos

‘Collateral Damage’ Not Much Different From Targeted Killing

U. S., Iraq won’t reach accord on troops this year


10/14/2008

Naomi Wolf examines the Neocon orchestrated 10/1/2008 coup

The final shoe on American consumerism is about to fall

Big Banks Get $125 Billion Cash Going Away Gift

Michigan to combat claims of possible suppression of voters

U. S. Investing $250 Billion in Banks

Banks dictate conditions of US financial bailout

Bullion Shortage and Spot Prices Tell Two Different Stories

The Fallacy of the 401(k)

Ohio GOP plays voter fraud card


10/13/3008

A $516 trillion derivatives ’time-bomb’

The U. S. Federal Reserve to flood financial markets with dollars

The October Surprise: Global Panic

Anatomy of the American Financial Crisis: How It is Turning into a Worldwide Crisis

How to Wreck the Economy

How Participatory Budgeting Can Transform Politics

The Truth About ACORN’s Voter Registration Drive

White House Overhauling Rescue Plan

Insider’s Projects Drained Missile-Defense Millions

GM, Ford, Chrysler Face Bankruptcy Risk on Crisis, S&P Says

Berlusconi Says Leaders May Close World’s Markets

US controls bird flu vaccines over bioweapon fears

Anti-democratic nature of US capitalism is being exposed

Shelters and Soup Kitchens Hold Crisis Front Lines

GOP attacks on American voters turn desperate, ugly and dangerous

Pentagon Wants $450 Billion Increase Over Next Five Years

Justice Department scandal almost buried by financial crisis

U. S. Weighs Backing Bank Debt

Senator Leahy Concerned about NorthCom’s New Army Unit

General Motors' market cap plunges to 1929 level


10/10/2008

World financial crisis leads to auto industry layoffs across Europe

More than 300 workers arrested in immigration raid on South Carolina plant

Subprime Suspects

Inside Account of U. S. Eavesdropping on Americans

Mainstream Figures Endorse Paul’s Abolish Fed Bill

Bailout Futile As America Crumbles

Right To Healthy Foods Undercut By Nanny State

States’ Actions to Block Voters Appear Illegal

Is Colorado the next Florida?

Medicare drug options shrink for low-income members

New surveillance program will turn military satellites on US

Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?

Wall Street seen adding to global rout


10/09/2008

US government may take part ownership in banks

Special prosecutor appointed to investigate US attorney firings

Continuing US air strikes in Pakistan’s tribal agencies

US election officials believe they have uncovered massive attempted voter fraud

Russian stock exchanges shut down until Friday as prices plummet

U. S. Security Firm Indicted for Fraud in Afghanistan

Is Posse Comitatus Dead?

Predatory Lenders’ Partner in Crime

AIG Gets More Government Bailout Cash

Surveillance’s Reach Revealed: Md. Police Put Activists’ Names On Terror Lists

Documents say American detainee near insanity in a U. S. military brig


10/08/2008

IMF Says World Economy Heading for ’Major Downturn’

Heating costs to jump 15 percent this winter: government

S&P 500, Dow Post Worst Retreats Since 1937

Pensions lose $2 trillion

Cindy Sheehan Reveals Plan for New National Party

Thousands of Troops Are Deployed on U. S. Streets Ready to Carry Out "Crowd Control"

"Secret" Executions Being Carried Out in Saddam’s Old Intelligence Headquarters

Barack Obama unveils 13-minute Keating Five ’documentary’

Our secret war in Pakistan

Florida Primary Recount Reveals Grave Voting Problems One Month Before Presidential Election

’Your company is bankrupt, you keep $480m. Is that fair?

Fed Considers Plan to Buy Companies’ Unsecured Debt

Fed to lend to companies in emergency move

The Dirty Details of Voter Purges

Sinking feeling as fall in jobs spreads wider

Pakistan facing bankruptcy

After Bailout, AIG Execs Head to California Resort

GOP Judges Aid White House Cover-up


10/07/2008

Largest single act of class warfare in the modern history of this country

Demonstrate at the Presidential Debate at Hofstra University in Hempstead, N. Y. On Oct. 15th

Full of Doubts, U. S. Shoppers Cut Spending

Credit doors are closing

Worst-case scenario is approaching rapidly

UK Stock market suffers its worst fall in history

The US Simply Doesn’t Get It

It’s a Worldwide Crash By Jim Cramer

Down the Road to Serfdom

We’re on "the edge of the abyss

Rumsfeld Updated Army’s Continuity of Operations Plan before 9/11

Iraq to Give 82% of Proven Oil Reserves to International Oil Companies

Corporations Have Big Plans to Profit from Global Warming

The Wall Street Mega Bailout: Bad News for the World’s Hungry

When you are denied health insurance Sometimes even healthy people can’t get a policy

Unions Demand Responses from the IMF and World Bank to Worsening Financial & Food Crisis

Voting goes to court Registration lawsuits could shape election

1 in 4 mammals faces extinction, scientists say

Leading Supreme Court docket: Immunity from lawsuits for drug companies


10/06/2008

When is a Holocaust Not a Holocaust? When the perpetrators call it a victory.

Haiti: In Solidarity with its Five Freedoms

Fed Doubles Cash Sales to $900 Billion, Plans More Steps to Unlock Markets

Money-Market Rates Climb as Banks Hoard Cash, Crisis Deepens

Global Stocks Retreat, Led by Banks, as Credit Crisis Widens

Bank on this: bank failures will rise in next year

The Problem Is Still Falling House Prices The bailout bill doesn’t get at the root of crunch

Banks are hoarding cash, raising borrowing costs and slowing economies

Iceland is on the brink of collapse

Former IMF economist warns of global recession

Europe calls for global summit on bank crisis

Food Stamp Participation Increases as Economy Lags

Prices for 16 basic food items shoot up in third quarter

Wall Street Financiers Cash in on Crisis

The Problems of Latin America and the Caribbean by Noam Chomsky

Voter Suppression Battle In Northwest Indiana

Foreclosures and the Right to Vote

Spying on the Future The U. S. Intelligence Community as Seers Without Sizzle


10/05/2008

Report blames U. S. trade gap for 5. 6 million lost jobs

Hidden unemployment rises to 11%, highest in 14 years

Financial companies borrow record amount from Fed

Get Your Dollars Out Now! FAST!!!

Fannie Mae forgives loan for woman who shot herself

FBI given new rules for investigations at a cost to constitutional protections

Officials Refuse to Provide Details on Secret Previous Bailout

U. S. Treasury to Hire Up to 10 Asset Management Firms

Bush Provokes Fear to Push for Bailout

Born-Again Democracy

Voter Purges Publications

Pentagon Hands Iraq Oil Deal to Shell

One Million Weapons to Iraq; Many Go Missing

U. S. to Fund Pro-American Publicity in Iraqi Media


10/03/2008

House passes $700B Wall Street bailout

The Bailout in Plain English

The Senate bailout bill: How the Democrats do the bidding of Wall Street

Amy Goodman on the Threat to Public Dissent

The New American Century: Cut Short By 92 Years

Bailout Focus On House as Crisis Spreads

France calls financial crisis summit

Will the Pentagon Be the Next U. S. Institution to Crash?

Republicans Challenge 6,000 Voter Registrations in Montana

Photographers Document Dissent & Repression In Denver & St. Paul

For Those on the Soup Line, No Rescue Plans

Red Flag On Purging Voter Rolls

600,000 jobs lost - and counting

Make the peace voter a powerful political force

Middle Americans unite against the great bank rescue


10/02/2008

Home Prices in 20 U. S. Cities Declined 16. 3% in July

Manufacturing shrinks to lowest level since 2001

U. S. dealership closures to increase into ’09: study

Ford sales were down 33. 8%-Ford, 22. 5%-Lincoln, 43. 2%-Mercury, 51. 8%-Volvo

McCain urges Bush to bypass Congress

Human costs of food crisis

No "Bailout" for The World’s Poorest

Capital Crisis Will Wreck Both Parties

Bailing Out The Oil Market

Wall Street and the Return of the Repressed

College Campuses Now a Hotbed for Developing Frightening New Weapons

Stocks decline on 7 year high unemployment, factory reports

Don’t Make Working People Bail Out Wall Street : Sen. Bernie Sanders

Amy Goodman First Journalist to Win “Alternative Nobel

Stock losses take heavy toll on retirement savings

FBI Prevents Agents from Telling ’Truth’ About 9/11 on PBS

Florida 2000 Redux? A New Law to Combat Voter Fraud Has Triggered a Spate of Lawsuits

As Profits Soar, Boeing Demands Concessions, Driving Machinists On Strike

British envoy says mission in Afghanistan is doomed, according to leaked memo

Senate passes $700B rescue; House votes lured


10/01/2008

Pro-War Group Offering Cash For Frats To Demonstrate At VP Debate

Taxation and the Printing Presses: Recipe for a Monetary Crisis and $5,000 gold

Americans Have Little To Be Proud Of

A Shattering Moment In America’s Fall From Power

Paulson will have no peer

The Bailout: Congress Endorses Conservative Nanny State

Counting Every Vote

Mussolini-Style Corporatism in Action: Treasury Conference Call on Bailout Bill to Analysts

Bailout’s Political Turmoil

Let Risk-Taking Financial Institutions Fail

The nation’s social bargain with the rich

You won’t believe where that $700-billion bailout figure came from

Congratulations, Corporate Crime Fighters! Coup Averted for Three Days

Banking Collapse Lands on America’s Schools

Early Voting in Ohio Begins

Bush Administration Adds $4 Trillion To National Debt

DOJ Report Implicates White House in US Attorney Firings

Department Of Defense Announces More Iraq Deployments

GOP Plans and Denials to Challenge Foreclosed Voters Examined

Violations Reported at 94% of Nursing Homes

Effort to Skirt Contracting Rules Unnerves Federal Workers

Senate To Vote On House Defeated Financial Rescue Plan

Prosecutor To Probe Firings Of U. S. Attorneys

GOP Consultant Subpoenaed in Case Alleging Tampering with 2004 Election

Bush Had No Plan to Catch Bin Laden after 9/11

The Anthrax Case Reopens: Why Did the FBI Let Fort Detrick Scientists Investigate Themselves?

U. S. ARMY TROOPS TO SERVE AS U. S. POLICEMEN?

Exercise readies first units for NORTHCOM assignment

Will Wall Street’s Meltdown Turn America Into a Police State?

Police Union Shirt Pokes Fun At DNC Protesters



Call the Senate Today Stop Bush's "No Banker Left Behind Act"

Call the Senate Today

Stop Bush's "No Banker Left Behind Act"

Having suffered a stunning defeat of their "Grand Theft Bailout" Bill on Monday, the Bush Administration, the banks and Wall Street are now coming back for their second try. They are used to directing the affairs of the country regardless of the will of the people. The U.S. Senate is expected to vote tonight, Wednesday evening, in favor of a nearly identical version. This is intended to force the House of Representatives to do the same when they return tomorrow, Thursday.

You can call the Capitol Switchboard at 800-473-6711 or 202-224-3121 to ask to be transferred to the offices of the Senators from your state.

Bush's "No Banker Left Behind Act" was defeated because of overwhelming public opposition. But now the politicians have come up with an easy answer. In an unprecedented step, Congress is virtually shutting down its incoming constituent email. They are installing the digital version of riot police, protecting the politicians from an enraged population that demands to be heard. Congress has acknowledged that it is receiving millions of emails from the people of the United States, all opposing this theft of $700 billion to be handed to the richest bankers. People who try to send emails are likely to receive error messages and their emails will not go through during "peak hours." Congress claims that this is a response to the overwhelming emails to keep their server from crashing; however, their server did not crash during the time they were receiving the most emails and they quietly instituted this program late Tuesday afternoon.

The U.S. Senate - this country's version of the House of Lords - is returning to do the work of the White House in league with the biggest bankers. Known as "millionaires club" because of the elite status of its members, the U.S. Senate is playing the same role that the King's House of Lords played in earlier times in British history, a political barrier created to protect the aristocracy from the wrath of the people.

The ANSWER Coalition is urging all of its members and supporters to call Congress, to email them at "off peak" hours, and to come directly to the U.S. Capitol on Thursday morning at 10 am so our voices can be heard at the People's Demonstration/Speakout. Congress can run but they can't hide from the wrath of the people. We won't let them.

Thursday's demonstration will take place at 10 am on the South side of the Capitol at Independence Ave. and New Jersey Avenues SE. For more information, see below or go to VoteNoBailout.org.

You can call the Capitol Switchboard at 800-473-6711 or 202-224-3121 to ask to be transferred to the offices of the Senators from your state.

Demonstration at
the Capitol Building


Thursday, October 2
at 10:00 am
Independence & New Jersey Ave. SE
South Side of the U.S. Capitol

Washington, D.C.

Initiated by VoteNoBailout.org, supported by the ANSWER Coalition and ImpeachBush

Click this link to join the endorsers' list.

Click this link to download a flyer for the protest

Your support is urgently needed to organize activities and distribute literature to make sure the people's victory not be overturned. Click this link to make a donation.

The VoteNoBailout.org website has attracted extensive support throughout the country. Over 170,000 letters were sent through the website to Congress within the last week. Click this link to send your letter to Congress.

We demand:

* An immediate moratorium on foreclosures, evictions and rent hikes.
* Extend unemployment benefits at full pay for everyone without a job.
* Open the books of the banks for public inspection
* Criminal prosecution of banking, finance, insurance and all other executives whose companies have benefited from the foreclosure crisis.
* An end to the wars on Iraq and Afghanistan, which cost $430 million per day.
* Hurricane and flood victims must receive full assistance and have the right to return to their homes.
* Creation and funding of jobs programs throughout the country to eliminate unemployment.

A.N.S.W.E.R. Coalition
http://www.answercoalition.org/
info@internationalanswer.org

National Office in Washington DC: 202-544-3389
New York City: 212-694-8720
Los Angeles: 213-251-1025
San Francisco: 415-821-6545
Chicago: 773-463-0311

..

Pro-War Group Offering Cash For Frats To Demonstrate At VP Debate

Pro-War Group Offering Cash For Frats To Demonstrate At VP Debate

Go To Original

In hopes of organizing a robust demonstration for the vice presidential debate this Thursday in St. Louis, the pro-Iraq War (and ostensibly pro-McCain) organization, Vets for Freedom, is resorting to offering local college fraternities hundreds of dollars if their members come and hold signs.

In an email obtained by the Huffington Post, Vets for Freedom field staffer Laura Meyer offered a fraternity at St. Louis University a "sizable donation" - plus free lunch - if it could use their pledges to demonstrate outside the VP debate.

"I was emailing you today," wrote Meyer, "because I am trying to find people who would be willing to hold up signs for a few hours in the afternoon this Thursday outside the VP debate site. It's only for a few hours and you can gain a lot from it.... first off, lunch for any guys who agree to volunteer will be on me. Secondly, they will get lots of media attention! My organization did a similar thing in Mississippi last week and a ton of them were on TV. Meaning, the guys could wear their [REDACTED] gear while holding up our signs and get attention for their frat. Also, they will get to hang out with a bunch of really cool Iraq and Afghanistan war veterans.

"Lastly, and here's the kicker.... if you guys can get us at least 20 volunteers for those few hours, my organization will make a sizable donation to your fraternity. If you use pledges you could look at it as 'free money and free publicity'. If this sounds like something you may be willing to help us out with, please let me know ASAP!"

Reached by phone, Meyer said the total amount of cash the frat could earn was between $200 and $250 for organizing 20-plus members. She also noted that the program was a success in generating publicity during last Friday's presidential debate.

Judy Mayka, a spokesperson for the national chapter, said that the practice of paying for demonstrators had been going on without their knowledge and would subsequently end.

"Obviously this was not a direction from national and we have contacted the Missouri staffers and volunteers and told them it is not appropriate in our policy," she said. "And those who choose to attend the vice presidential debate should not be compensated."

As for the payments made for volunteers during the Mississippi presidential debate, Mayka added: "We will be looking into that."

The practice of paying volunteers is perfectly legal, and having scores of rowdy pro-war supporters cheering on the backdrop of TV sets can be an effective way for Vets for Freedom to disseminate its message.

But keep in mind, some of the people demonstrating outside the VP debate had a choice to make: take the money from Vets for Freedom or subject themselves to a night of hazing and binge drinking. On Thursday, we will see how many chose the former.

Taxation and the Printing Presses: Recipe for a Monetary Crisis and $5,000 gold

Taxation and the Printing Presses: Recipe for a Monetary Crisis and $5,000 gold

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There's been much said about the fact Fed Chairman Ben Bernanke has been a devoted student of the Great Depression. In many ways, understanding the causes and dynamics of what caused the depression of the 1930s has been his life's work.

In 2002, Bernanke gave a speech titled, "Deflation: Making Sure ‘It’ Doesn’t Happen Here" (You can read the full text here.)

In that speech, you'll find some really amazing clues as to just how dangerous his approach to defending against deflation is, which is to just PRINT MONEY...

"Like gold, U.S. Dollars have value only to the extent that they are strictly limited in supply.

"But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. Dollars as it wishes at essentially no cost.

"By increasing the number of U.S. Dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a Dollar in terms of goods and services, which is equivalent to raising the prices in Dollars of those goods and services.

"We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation." (I've bolded for emphasis)

If this doesn't click for you please allow me to explain what he's really saying.

Bottom line: The U.S. government can tax the Dollars right out of your wallet. The government can do it at will... and there isn’t a thing you or I can do about it (other than convert those Dollars into something else before they get devalued, which is why I have been literally begging you and others to put physical gold in your IRA, 401K and in your investment portfolio with Finest Known 1-866-697-GOLD (4653) ext. 1406.

The thing you have to always keep in mind is that inflation is an insidious hidden tax. Whenever the U.S. government prints Dollars from thin air, it lessens the value of the Dollars in your bank account and that's what this entire $700 Billion Bail Out is all about. For that matter, that's what the Trillions of Dollars we're printing to subsidize foreign nations, the wars in Iraq and Afghanistan. It's all funny money with no backing just being printed.

Literally the value of the U.S. Dollar is being drained. The monetary growth rate is normally 3-4% a year. We're now growing money at a rate of 25% in a single year, not counting off the books spending like the war.

Imagine if you could print money and pay for your living expenses at will. This is why the value of the U.S. Dollar has been collapsing these past years. This $700 billion (really $1.3 Trillion) bail out will essentially devalue the Dollar by another 25% to 30% over the next 2 years -- if were lucky. The danger, of course, is that we need more than one bail out and investors worldwide would see the reckless printing of money and start dumping Dollars. The risk of this is a monetary collapse similar to what has occurred many times in South America, Africa and Eastern Europe and the Dollar literally collapses in a panic. In that kind of environment, $5,000 gold might well be a low target.