Archive for February 28th, 2008

Open Head Thread!

GEF @ 6:18 PM MST

Open Head Thread


The Elections are nothing but a Hollywood Produced Show now…

Pretend Democracy!

LOL*) 😉

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Lou Dobbs Calls it right on the Economy…

GEF @ 4:28 PM MST

Dobbs challenges Goldman Sachs chairman to a duel. 

On his CNN show this week, host Lou Dobbs discussed the new Economy.com report that 8.8 million American homeowners are now “underwater” — meaning they owe more on their homes that the homes are worth. Dobbs then took issue with Goldman Sachs chairman Lloyd Blankfein, who had earlier suggested Dobbs’ prognosis of a worsening economy was false. Dobbs proceeded to challenge Blankfein to tell it to his face:

Perhaps Lloyd would like to come on here and show me the error of my ways and educate me perhaps from his lofty Wall Street perch on how millions of Americans are faring and what their prospects are. Lloyd, you certainly — I would love to have you do it. I would love to have you come on and talk to my face, not to my back, partner. I know it’s not the way you do it on Wall Street there, hot shot, but try it here. Come on down. Open invitation.

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Write A Caption…

By- Suzie-Q @ 3:00 PM MST

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By- Suzie-Q @ 12:15 PM MST

Dems aim to rescind oil company tax breaks

By: Daniel W. Reilly
Feb 27, 2008 05:09 PM EST

With gas prices threatening to climb past $4 per gallon later this year, congressional Democrats are reviving a bill to rescind tax breaks for big oil companies as part of their retooled message of economic populism. Democrats are hoping that the pain at the pump will finally push the measure across the finish line in the Senate, where it fell one “heartbreaking” vote short last December as part of the larger energy package.

On Wednesday, the House passed the Renewable Energy and Energy Conservation Tax Act, which funds tax credits for wind, solar and other renewable energy sources by rescinding an estimated $18 billion in tax credits for oil companies. The vote was 236 to 182.

Senate Majority Leader Harry Reid (D-Nev.) intends to take the bill to the Senate floor “as quickly as possible,” according to his spokesman, Jim Manley.

Repeated veto threats from the White House suggest that the bill has little chance of becoming law. But Democrats are eager to highlight Republican opposition to it as gas prices continue to climb, believing it will pay dividends out on the campaign trail with Americans increasingly concerned about pocketbook issues.

“Americans feel the oil companies are getting away with murder,” said Sen. Charles Schumer (D-N.Y.), who heads the Democratic Senatorial Campaign Committee. “Any candidate who thinks the way out of our energy crisis is to help the oil companies is going to have trouble.”

So far, Republicans who opposed the tax credits the first time around have stood firm, arguing the measure does nothing to increase supply and that the energy companies will simply pass on increased costs to the consumers who buy their product. They say that Democrats are trying to score cheap political points by pushing legislation that may not clear the Senate and would be greeted with a presidential veto if it did.


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Afternoon Jukebox… What I Like About You

By- Suzie-Q @ 12:00 PM MST

The Romantics – What I Like About You

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anthony @ 18:25 GMT

Al-Qaeda leader never claimed responsibility for attack, Van de Wiel tells Australian Supreme Court

Paul Joseph Watson
Prison Planet
Thursday, February 28th, 2008

Skepticism towards the 9/11 official story reached the Australian Supreme Court this week after a lawyer asserted that the attacks were not orchestrated by Osama bin Laden during the trial of an alleged terror group in Melbourne.

“To say that this was all orchestrated by Osama bin Laden is a silly thing to do. He’s never claimed responsibility for it,” Remy van de Wiel QC told the Australian jury.

Unless you accept the credibility of a dodgy videotape of a fat Bin Laden doppelganger “miraculously discovered” in a house in Jalalabad by U.S. troops and pushed as authentic by the ever-honest U.S. government, then van de Wiel has a point.

Indeed, Bin Laden’s first public statement following the 9/11 attacks was to deny any responsibility for carrying them out.

“I have already said that I am not involved in the 11 September attacks in the United States. As a Muslim, I try my best to avoid telling a lie. I had no knowledge of these attacks, nor do I consider the killing of innocent women, children and other humans as an appreciable act. Islam strictly forbids causing harm to innocent women, children and other people. Such a practice is forbidden even in the course of a battle,” Bin Laden told the Pakistani-based Ummat newspaper.

Despite the fact that it only took three months to charge him with the 1998 embassy bombings, there has been no formal indictment of bin Laden over six years after 9/11 and the FBI’s wanted poster makes no reference of Bin Laden’s involvement in 9/11.

When asked by reporters why no reference was made, FBI agent Rex Tomb was forced to admit that “the FBI has no hard evidence connecting Bin Laden to 9/11.”


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The Fight Against Red Tape

By Paul Rieckhoff @ 11:39 AM (EST)

Time and time again, we’ve seen troops and veterans suffering at the hands of an inept government bureaucracy. Wounded troops have been forced to repay their enlistment bonuses. Amputees fell through the cracks at Walter Reed. And 400,000 veterans are still waiting months (and even years) for their disability benefits.

Well, here we go again:

Christopher M. Simmance helped keep the peace as an American Soldier in the Middle East, but when he returned home and later suffered a breakdown, he was turned away from the VA hospital because the government didn’t acknowledge his overseas duty.

The whole story is here. Overall, at least 2,000 veterans across the country are struggling to correct mistakes on their military records – mistakes that have cost some of them their jobs and their health care coverage. The wait to correct these errors can stretch for as long as three years. In the meantime, the veteran is not eligible for any of the services or benefits to which they are entitled.

Cross-Posted at Huffington Post


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Iraq war ’caused slowdown in the US’

anthony @ 17:40 GMT

Peter Wilson | The Australian | Thursday, February 28, 2008

THE Iraq war has cost the US 50-60 times more than the Bush administration predicted and was a central cause of the sub-prime banking crisis threatening the world economy, according to Nobel Prize-winning economist Joseph Stiglitz.

The former World Bank vice-president yesterday said the war had, so far, cost the US something like $US3trillion ($3.3 trillion) compared with the $US50-$US60-billion predicted in 2003.

Australia also faced a real bill much greater than the $2.2billion in military spending reported last week by Australian Defence Force chief Angus Houston, Professor Stiglitz said, pointing to higher oil prices and other indirect costs of the wars.

Professor Stiglitz told the Chatham House think tank in London that the Bush White House was currently estimating the cost of the war at about $US500 billion, but that figure massively understated things such as the medical and welfare costs of US military servicemen. (more…)

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Dead Money Walking

anthony @ 17:30 GMT

Ron Paul: Bernanke Deliberately Destroying Dollar

Congressman schools Fed chairman again during House Financial Services Committee meeting, warns “history is against you”

Paul Joseph Watson | Prison Planet | Wednesday, February 27th, 2008

Congressman Ron Paul slammed Federal Reserve chairman Ben Bernanke during a House Financial Services Committee meeting today for following a policy of deliberately destroying the dollar and wiping out the American middle class.

Paul held Bernanke to task over his refusal to address the decline of the dollar and its clear link to inflation.

“Inflation comes from the unwise increase in the supply of money credit….to argue that we can continue to debase the currency, which is really the policy of that you’re following, purposely debasing value of currency – which to me seems so destructive….it just puts more pressure on the federal reserve to create capital out of thin air in order to stimulate the economy and usually that just goes into mal-investment,” said Paul.

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Dollar Falls to Record Against Euro on Fed Rate-Cut Speculation

Ye Xie and Kim-Mai Cutler | Bloomberg | Wednesday, February 27, 2008

Feb. 27 (Bloomberg) — The dollar fell below $1.51 per euro for the first time on mounting speculation a slumping economy will force Federal Reserve Chairman Ben S. Bernanke to cut interest rates through mid-year.

An index that tracks the currency against six major counterparts dropped to the lowest since the gauge started in 1973, as European Central Bank policy maker Axel Weber said investors expecting rate cuts in the region are underestimating inflation. The U.S. currency fell to an all-time low against the Swiss franc and to 23-year lows versus the Australian and New Zealand dollars.

“This is a new chapter for the dollar,” said Russell LaScala, head of foreign-exchange trading in North America at Deutsche Bank AG in New York. “You are seeing divergence of central banks’ views.”

Keep reading…

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Anti-War Movement… “Re-create ’68” ?

By- Suzie-Q @ 10:00 AM MST

The 1968 Democratic National Convention erupted in violence as thousands of Chicago police officers battled with activists protesting the Vietnam War.
Photo: AP


Anti-war movement wrestles with 1968

By: Ryan Grim
Feb 27, 2008 05:55 AM EST

A coalition of anti-war groups is vowing to protest this summer’s Democratic National Convention in Denver under the rubric “Re-create ’68,” prompting criticism from some on the left who are loath to revisit what they see as a disastrous time for both the anti-war movement and the Democratic Party.

Capping a year that saw the assassinations of both the Rev. Martin Luther King Jr. and Sen. Robert F. Kennedy, the 1968 Democratic National Convention erupted in violence as thousands of Chicago police officers, supported by U.S. Army troops and National Guardsmen, battled in the streets with activists protesting the Vietnam War. Inside the convention hall, the Democrats chose as their presidential nominee Hubert Humphrey, who went on to lose the general election to Richard Nixon.

Re-create ’68?

“What’s the political calculation that speaks to them of the wisdom of civil disobedience — which means a massive media spectacle — on the brink of a Democratic campaign that could plausibly put a Democrat in the White House who’s committed to withdrawal from Iraq?” asked Todd Gitlin, an anti-Vietnam War activist who was at the Democratic National Convention in 1968. “If the objective is to put a belligerent Republican in the White House, they should keep up the good work.”

The “belligerent Republican” of whom Gitlin speaks will almost certainly be Sen. John McCain (R-Ariz.), who spent the summer of 1968 as a prisoner of war in Vietnam.

Organizers acknowledge that their “Re-create ’68” moniker has been met with skepticism as they’ve toured the country to gin up support among fellow activists. “A lot of people of course associate it with the DNC of ’68 and react negatively,” said organizer Mark Cohen. But the point, Cohen said, isn’t to reproduce the violence associated with the 1968 convention, just the strong sense of countercultural protest that coalesced against the Vietnam War. “We don’t call ourselves ‘Re-create Chicago ’68,’” Cohen offered.


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