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	<title>Comments on: How Wall Street Bought Washington</title>
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	<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/</link>
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		<title>By: NoBamaNoWay</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156584</link>
		<dc:creator>NoBamaNoWay</dc:creator>
		<pubDate>Wed, 11 Mar 2009 22:36:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156584</guid>
		<description>This article hits the nail on the head; Wash DC is rotten to the core with corruption and incestuous favor-trading relationships. the entire aristocracy that runs america is part of the game, and of course the little people are getting screwed every which way. 

is it any wonder that america is going down the tubes?  the parasites at the top can only squeeze so much blood out of the american turnip before the whole country starts to die.

We need to drastically shrink the federal government across the board, and get power and money back to the states, where citizens can exercise a little more oversight.</description>
		<content:encoded><![CDATA[<p>This article hits the nail on the head; Wash DC is rotten to the core with corruption and incestuous favor-trading relationships. the entire aristocracy that runs america is part of the game, and of course the little people are getting screwed every which way. </p>
<p>is it any wonder that america is going down the tubes?  the parasites at the top can only squeeze so much blood out of the american turnip before the whole country starts to die.</p>
<p>We need to drastically shrink the federal government across the board, and get power and money back to the states, where citizens can exercise a little more oversight.</p>
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		<title>By: Seattle Moss</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156539</link>
		<dc:creator>Seattle Moss</dc:creator>
		<pubDate>Wed, 11 Mar 2009 21:13:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156539</guid>
		<description>Thanks for the responses.
TT,
When I see a movement that wants to punish wealth creators and businesses despite the fact that we have a collapsing economy I can only surmise that they want to socially engineer the economy regardless of the consequences.
Obama is a Marxist!

My definition of a Marxist is any movement that plays Class Warfare to further their power and control.
Lenin played the same game and look what happened to their society.
The feedback I&#039;m getting from the thousand companies I sell to is that 
&lt;strong&gt;Obama is Bad For Business&lt;/strong&gt;

I will conclude that &lt;strong&gt;Obama is a WIMP&lt;/strong&gt; who fails to understand the existential threats facing America and has already waved the white flag of retreat and defeat which I&#039;m sure makes you really happy yet makes America totally vulnerable.</description>
		<content:encoded><![CDATA[<p>Thanks for the responses.<br />
TT,<br />
When I see a movement that wants to punish wealth creators and businesses despite the fact that we have a collapsing economy I can only surmise that they want to socially engineer the economy regardless of the consequences.<br />
Obama is a Marxist!</p>
<p>My definition of a Marxist is any movement that plays Class Warfare to further their power and control.<br />
Lenin played the same game and look what happened to their society.<br />
The feedback I&#8217;m getting from the thousand companies I sell to is that<br />
<strong>Obama is Bad For Business</strong></p>
<p>I will conclude that <strong>Obama is a WIMP</strong> who fails to understand the existential threats facing America and has already waved the white flag of retreat and defeat which I&#8217;m sure makes you really happy yet makes America totally vulnerable.</p>
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		<title>By: LD</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156382</link>
		<dc:creator>LD</dc:creator>
		<pubDate>Wed, 11 Mar 2009 12:00:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156382</guid>
		<description>My pleasure. Thanks for the plug.</description>
		<content:encoded><![CDATA[<p>My pleasure. Thanks for the plug.</p>
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		<title>By: truthtelling007</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156374</link>
		<dc:creator>truthtelling007</dc:creator>
		<pubDate>Wed, 11 Mar 2009 10:25:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156374</guid>
		<description>I&#039;ll check out the Rand reading you recommended. I&#039;ve read many Rand pieces and tend to disagree with many of her assumptions, but it is still always educational to gain that point of view.

&quot;most of the uber wealthy are that way BECAUSE they used government policies. &quot;
This I agree with, but see it as different than government &quot;interference&quot; or &quot;intrusion&quot;.

I&#039;ll get back on this after I read up on Rand&#039;s views.</description>
		<content:encoded><![CDATA[<p>I&#8217;ll check out the Rand reading you recommended. I&#8217;ve read many Rand pieces and tend to disagree with many of her assumptions, but it is still always educational to gain that point of view.</p>
<p>&#8220;most of the uber wealthy are that way BECAUSE they used government policies. &#8221;<br />
This I agree with, but see it as different than government &#8220;interference&#8221; or &#8220;intrusion&#8221;.</p>
<p>I&#8217;ll get back on this after I read up on Rand&#8217;s views.</p>
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		<title>By: truthtelling007</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156373</link>
		<dc:creator>truthtelling007</dc:creator>
		<pubDate>Wed, 11 Mar 2009 10:20:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156373</guid>
		<description>yes, one can take it too far. I get emails all the time from very intelligent folks, but they don&#039;t have the time to check each and every Nigerian prince who wants to give them money to hold, so long as they&#039;ll give him their bank account numbers so he can deposit the funds in their account until he&#039;s safely in the United States.</description>
		<content:encoded><![CDATA[<p>yes, one can take it too far. I get emails all the time from very intelligent folks, but they don&#8217;t have the time to check each and every Nigerian prince who wants to give them money to hold, so long as they&#8217;ll give him their bank account numbers so he can deposit the funds in their account until he&#8217;s safely in the United States.</p>
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		<title>By: andrew191</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156368</link>
		<dc:creator>andrew191</dc:creator>
		<pubDate>Wed, 11 Mar 2009 09:17:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156368</guid>
		<description>For most of the questions you&#039;ve asked, a detailed and deep analysis will reveal that government played a crucial role. Even the greed and avarice you point out are far better controlled with sound capitalist concepts and the invisible hand, than the government could ever do. In fact, most of the uber wealthy are that way BECAUSE they used government policies. 

I don&#039;t have a link, but I would STRONGLY recomend that you read &quot;Capitalism, The Unknown Ideal&quot; by Ayn Rand. It is an excellent collection of essays that clearly explain how government has had a harmful effect in multiple areas of the market. Even the most radical liberals that I&#039;ve given it to have expressed surprise at how compelling and solid the reasoning is. It has been fun to witness their epiphanys. READ IT. Then let me know what you think, please.</description>
		<content:encoded><![CDATA[<p>For most of the questions you&#8217;ve asked, a detailed and deep analysis will reveal that government played a crucial role. Even the greed and avarice you point out are far better controlled with sound capitalist concepts and the invisible hand, than the government could ever do. In fact, most of the uber wealthy are that way BECAUSE they used government policies. </p>
<p>I don&#8217;t have a link, but I would STRONGLY recomend that you read &#8220;Capitalism, The Unknown Ideal&#8221; by Ayn Rand. It is an excellent collection of essays that clearly explain how government has had a harmful effect in multiple areas of the market. Even the most radical liberals that I&#8217;ve given it to have expressed surprise at how compelling and solid the reasoning is. It has been fun to witness their epiphanys. READ IT. Then let me know what you think, please.</p>
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		<title>By: andrew191</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156366</link>
		<dc:creator>andrew191</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:55:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156366</guid>
		<description>That was a joke TT. I read &quot;Das Kapital&quot; years ago, and if I had read what was quoted above, I would have remembered it. It is not even in the style of Marx&#039;s writing, and is too ridiculously prophetic and custom fit to be true. 

The most disturbing part of this little episode is that it demonstrates how seductive, pervasive, and ubiquitous these urban legends are becoming with the aid of the internet. It&#039;s getting so we&#039;re rapidly approaching an Orwellian nightmare where we might hesitate to believe anything. However,  you CAN take cynicism too far.</description>
		<content:encoded><![CDATA[<p>That was a joke TT. I read &#8220;Das Kapital&#8221; years ago, and if I had read what was quoted above, I would have remembered it. It is not even in the style of Marx&#8217;s writing, and is too ridiculously prophetic and custom fit to be true. </p>
<p>The most disturbing part of this little episode is that it demonstrates how seductive, pervasive, and ubiquitous these urban legends are becoming with the aid of the internet. It&#8217;s getting so we&#8217;re rapidly approaching an Orwellian nightmare where we might hesitate to believe anything. However,  you CAN take cynicism too far.</p>
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		<title>By: Gogo</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156364</link>
		<dc:creator>Gogo</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:54:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156364</guid>
		<description>Factcheck? The made up website by and for Obama? Pul-sleeze!</description>
		<content:encoded><![CDATA[<p>Factcheck? The made up website by and for Obama? Pul-sleeze!</p>
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		<title>By: NoBamaNoWay</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156362</link>
		<dc:creator>NoBamaNoWay</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:45:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156362</guid>
		<description>Somebody finally said it; all of DC and the rest of the american aristocracy is rotten to the core with corruption and incestuous favor-trading relationships.  and who pays the bill?  the poor working suckers who are stupid enough to have not gotten in on the game.  thanks a lot for the info, LD, and for your many other useful and informative posts.</description>
		<content:encoded><![CDATA[<p>Somebody finally said it; all of DC and the rest of the american aristocracy is rotten to the core with corruption and incestuous favor-trading relationships.  and who pays the bill?  the poor working suckers who are stupid enough to have not gotten in on the game.  thanks a lot for the info, LD, and for your many other useful and informative posts.</p>
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		<title>By: truthtelling007</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156360</link>
		<dc:creator>truthtelling007</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:38:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156360</guid>
		<description>I don&#039;t disagree with the idea that government intrusion has its failures, but how do you base your comment that &quot;most of the problems we are experiencing right now are due to government intrusion&quot;? instead of it being mostly from consumer and broker greed?  If the people in this country haven&#039;t controlled their personal greed or expectations wouldn&#039;t that create the problem we have now? How is the government intrusion what caused this? This problem came to fruition under a very deregulated government system, and now we&#039;re headed to an overly regulated government buyout.  While I&#039;d agree that government intrusion isn&#039;t going to be the fix, I fail to see how it is the cause of &quot;most of the problem&quot;.

and
&quot;ideals of true capitalism&quot;
Where can these ideals be read? I&#039;m interested in someone making cogent points about &#039;true capitalism&#039;.

As a business owner I have many opinions, but there are other views I may not have been exposed to. Please share some links.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t disagree with the idea that government intrusion has its failures, but how do you base your comment that &#8220;most of the problems we are experiencing right now are due to government intrusion&#8221;? instead of it being mostly from consumer and broker greed?  If the people in this country haven&#8217;t controlled their personal greed or expectations wouldn&#8217;t that create the problem we have now? How is the government intrusion what caused this? This problem came to fruition under a very deregulated government system, and now we&#8217;re headed to an overly regulated government buyout.  While I&#8217;d agree that government intrusion isn&#8217;t going to be the fix, I fail to see how it is the cause of &#8220;most of the problem&#8221;.</p>
<p>and<br />
&#8220;ideals of true capitalism&#8221;<br />
Where can these ideals be read? I&#8217;m interested in someone making cogent points about &#8216;true capitalism&#8217;.</p>
<p>As a business owner I have many opinions, but there are other views I may not have been exposed to. Please share some links.</p>
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		<title>By: truthtelling007</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156359</link>
		<dc:creator>truthtelling007</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:32:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156359</guid>
		<description>Don&#039;t...just go to any online copy of Das Kapital, or even the Manifesto and find the quote for yourself, then your knowledge will be solid. Trading one appeal to authority for another is not very cynical.  But is still an email hoax.</description>
		<content:encoded><![CDATA[<p>Don&#8217;t&#8230;just go to any online copy of Das Kapital, or even the Manifesto and find the quote for yourself, then your knowledge will be solid. Trading one appeal to authority for another is not very cynical.  But is still an email hoax.</p>
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		<title>By: andrew191</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156357</link>
		<dc:creator>andrew191</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:29:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156357</guid>
		<description>Why should we believe YOU. (Just practicing my cynicism)</description>
		<content:encoded><![CDATA[<p>Why should we believe YOU. (Just practicing my cynicism)</p>
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		<title>By: andrew191</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156356</link>
		<dc:creator>andrew191</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:25:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156356</guid>
		<description>Unfortunately, the ideals of true capitalism rapidly dissolve when government enters into the market with a greater role than that of a referee, it&#039;s true role, and starts participating in the game itself. Nobody alive has experienced what true capitalism can do, we only know a mixed economy, one where the government is constantly taking a greater and more destructive role. By far, most of the problems that we&#039;re experiencing right now are due to government intrusion, not from capitalist principles.</description>
		<content:encoded><![CDATA[<p>Unfortunately, the ideals of true capitalism rapidly dissolve when government enters into the market with a greater role than that of a referee, it&#8217;s true role, and starts participating in the game itself. Nobody alive has experienced what true capitalism can do, we only know a mixed economy, one where the government is constantly taking a greater and more destructive role. By far, most of the problems that we&#8217;re experiencing right now are due to government intrusion, not from capitalist principles.</p>
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		<title>By: truthtelling007</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156355</link>
		<dc:creator>truthtelling007</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:19:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156355</guid>
		<description>And one more thing...the above quote never was printed in Das Kapital, it is a hoax.

http://clockbackward.wordpress.com/2009/02/04/did-karl-marx-predict-financial-collapse/

Sorry, you&#039;ve been had.

I&#039;m sure you&#039;ll find it in the text of Das Kapital next to the marsh mouse that never existed in the stimulus bill.

Guys, we have real issues to solve and this neophyte president isn&#039;t going to solve them, nor are his people going to be able to solve them. But we aren&#039;t helping the situation when we buy into garbage emails that fit our biases and our anger. That isn&#039;t the way to the truth.

Be cynical please.</description>
		<content:encoded><![CDATA[<p>And one more thing&#8230;the above quote never was printed in Das Kapital, it is a hoax.</p>
<p><a href="http://clockbackward.wordpress.com/2009/02/04/did-karl-marx-predict-financial-collapse/" rel="nofollow">http://clockbackward.wordpress.com/2009/02/04/did-karl-marx-predict-financial-collapse/</a></p>
<p>Sorry, you&#8217;ve been had.</p>
<p>I&#8217;m sure you&#8217;ll find it in the text of Das Kapital next to the marsh mouse that never existed in the stimulus bill.</p>
<p>Guys, we have real issues to solve and this neophyte president isn&#8217;t going to solve them, nor are his people going to be able to solve them. But we aren&#8217;t helping the situation when we buy into garbage emails that fit our biases and our anger. That isn&#8217;t the way to the truth.</p>
<p>Be cynical please.</p>
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		<title>By: truthtelling007</title>
		<link>http://www.noquarterusa.net/blog/16816/how-wall-street-bought-washington/#comment-1156353</link>
		<dc:creator>truthtelling007</dc:creator>
		<pubDate>Wed, 11 Mar 2009 08:07:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=16816#comment-1156353</guid>
		<description>So what about your criticism of the &quot;owners of capital&quot; who told the citizens go to &quot;buy more and more&quot;?  Or will this be a one sided statement?

Sorry, you presume so much about this green neophyte president to call him a Marxist.  You give him too much credit to call him a Marxist. And at the same time you ignore the bourgeois who preceded him who said, spend spend spend. 


http://www.washingtonpost.com/wp-dyn/content/article/2008/10/03/AR2008100301977.html

&lt;blockquote&gt;He Told Us to Go Shopping. Now the Bill Is Due.

By Andrew J. Bacevich
Sunday, October 5, 2008; B03

It&#039;s widely thought that the biggest gamble President Bush ever took was deciding to invade Iraq in 2003. It wasn&#039;t. His riskiest move was actually one made right after the Sept. 11, 2001, terrorist attacks when he chose not to mobilize the country or summon his fellow citizens to any wartime economic sacrifice. Bush tried to remake the world on the cheap, and as the bill grew larger, he still refused to ask Americans to pay up. During this past week, that gamble collapsed, leaving the rest of us to sort through the wreckage.

To understand this link between today&#039;s financial crisis and Bush&#039;s wider national security decisions, we need to go back to 9/11 itself. From the very outset, the president described the &quot;war on terror&quot; as a vast undertaking of paramount importance. But he simultaneously urged Americans to carry on as if there were no war. &quot;Get down to Disney World in Florida,&quot; he urged just over two weeks after 9/11. &quot;Take your families and enjoy life, the way we want it to be enjoyed.&quot; Bush certainly wanted citizens to support his war -- he just wasn&#039;t going to require them actually to do anything. The support he sought was not active but passive. It entailed not popular engagement but popular deference. Bush simply wanted citizens (and Congress) to go along without asking too many questions.

So his administration&#039;s policies reflected an oddly business-as-usual approach. Senior officials routinely described the war as global in scope and likely to last decades, but the administration made no effort to expand the armed forces. It sought no additional revenue to cover the costs of waging a protracted conflict. It left the nation&#039;s economic priorities unchanged. Instead of sacrifices, it offered tax cuts. So as the American soldier fought, the American consumer binged, encouraged by American banks offering easy credit.

From September 2001 until September 2008, this approach allowed Bush to enjoy nearly unfettered freedom of action. To fund the war on terror, Congress gave the administration all the money it wanted. Huge bipartisan majorities appropriated hundreds of billions of dollars, producing massive federal deficits and pushing the national debt from roughly $6 trillion in 2001 to just shy of $10 trillion today. Even many liberal Democrats who decried the war routinely voted to approve this spending, as did conservative Republicans who still trumpeted their principled commitment to fiscal responsibility and balanced budgets.

Bush seems to have calculated -- cynically but correctly -- that prolonging the credit-fueled consumer binge could help keep complaints about his performance as commander in chief from becoming more than a nuisance. Members of Congress calculated -- again correctly -- that their constituents were looking to Capitol Hill for largesse, not lessons in austerity. In this sense, recklessness on Main Street, on Wall Street and at both ends of Pennsylvania Avenue proved mutually reinforcing.

For both the Bush administration and Congress, this gambit has turned out to be clever rather than smart. The ongoing crisis on Wall Street has now, in effect, ended the Bush presidency. Meanwhile, a month before elections, panic-stricken members of Congress are desperately trying to insulate Main Street from the effects of that crisis -- or at least to pass the blame onto someone else.

But in less obvious ways, the economic crisis also renders a definitive verdict on the country&#039;s post-9/11 national security strategy. The &quot;go to Disney World&quot; approach to waging war has produced large, unanticipated consequences. When the American people, as instructed, turned their attention back to enjoying life, their hankering for prosperity without pain deprived the administration of the wherewithal needed over the long haul to achieve some truly ambitious ends.

Even today, the scope of those ambitions is not widely understood, in part due to the administration&#039;s own obfuscations. After September 2001, senior officials described U.S. objectives as merely defensive, designed to prevent further terrorist attacks. Or they wrapped America&#039;s purposes in the gauze of ideology, saying that our aim was to spread freedom and eliminate tyranny. But in reality, the Bush strategy conceived after 9/11 was expansionist, shaped above all by geopolitical considerations. The central purpose was to secure U.S. preeminence across the strategically critical and unstable greater Middle East. Securing preeminence didn&#039;t necessarily imply conquering and occupying this vast region, but it did require changing it -- comprehensively and irrevocably. This was not some fantasy nursed by neoconservatives at the Weekly Standard or the American Enterprise Institute. Rather, it was the central pillar of the misnamed enterprise that we persist in calling the &quot;global war on terror.&quot;

At a Pentagon press conference on Sept. 18, 2001, then-defense secretary Donald H. Rumsfeld let the cat out of the bag: &quot;We have a choice, either to change the way we live, which is unacceptable, or to change the way that they live, and we chose the latter.&quot; This was not some slip of the tongue. The United States was now out to change the way &quot;they&quot; -- i.e., hundreds of millions of Muslims living in the Middle East -- live. Senior officials did not shrink from -- perhaps even relished -- the magnitude of the challenges that lay ahead. The idea, wrote chief Pentagon strategist Douglas J. Feith in a May 2004 memo, was to &quot;transform the Middle East and the broader world of Islam generally.&quot;

But if the administration&#039;s goals were grandiose, its means were modest. The administration&#039;s governing assumption was that the U.S. military, as constituted in late 2001, ought to suffice to transform the Middle East. Bush could afford to tell the American people to go on holiday and head back to the mall because the indomitable American soldier could be counted on to liberate (and thereby pacify) the Muslim world.

For a while, that seemed to work: The Taliban fell quickly, with little need for the U.S. taxpayer to shell out for a larger military. But the Bush team turned quickly to Iraq, hoping to demonstrate on an even grander scale what the determined exercise of U.S. power could achieve. This proved a fatal miscalculation. After five and a half years of arduous effort, Iraq continues to drain U.S. resources on a colossal scale. Violence is down, but expenditures are not. An end to the U.S. commitment is nowhere in sight.

The achievements of Gen. David H. Petraeus notwithstanding, the primary lesson of the Iraq war remains this one: To imagine that the United States can easily and cheaply invade, occupy and redeem any country in the Muslim world is sheer folly. That holds true in Afghanistan, too, where the reinforcements that Gen. David D. McKiernan, the recently appointed U.S. commander, says he needs to turn things around will be unavailable until at least next spring.

Yet there is an economic lesson here too. &quot;We have more will than wallet,&quot; the president&#039;s father said in 1989 during his own inaugural address. That is again painfully true today. The 2008 election finds the Pentagon cupboard bare, the U.S. Treasury depleted, the economy in disarray and the average American household feeling acute distress. Profligacy at home and profligacy abroad have combined to produce a grave crisis. This time around, telling Americans to head for Disney World won&#039;t work. The credit card&#039;s already maxed out, and the banks are refusing to pony up for new loans.

It&#039;s not surprising that people don&#039;t cotton to the idea of spending $700 billion to bail out Wall Street. Nor should they find it acceptable to spend as much as that, or more, to perpetuate a misguided and never-ending global war. But like it or not, the bill collector is pounding on the door. Bush&#039;s parting gift to the nation will be to let others figure out how to settle accounts.

Andrew J. Bacevich is a professor of history and international relations at Boston University. His new book is &quot;The Limits of Power: The End of American Exceptionalism.&quot;&lt;/blockquote&gt;

Frankly I hold pretty equal contempt for capitalist zealots as I do for ignorant Marxists. But at least have a balanced commentary, SM. It isn&#039;t too much to ask.</description>
		<content:encoded><![CDATA[<p>So what about your criticism of the &#8220;owners of capital&#8221; who told the citizens go to &#8220;buy more and more&#8221;?  Or will this be a one sided statement?</p>
<p>Sorry, you presume so much about this green neophyte president to call him a Marxist.  You give him too much credit to call him a Marxist. And at the same time you ignore the bourgeois who preceded him who said, spend spend spend. </p>
<p><a href="http://www.washingtonpost.com/wp-dyn/content/article/2008/10/03/AR2008100301977.html" rel="nofollow">http://www.washingtonpost.com/wp-dyn/content/article/2008/10/03/AR2008100301977.html</a></p>
<blockquote><p>He Told Us to Go Shopping. Now the Bill Is Due.</p>
<p>By Andrew J. Bacevich<br />
Sunday, October 5, 2008; B03</p>
<p>It&#8217;s widely thought that the biggest gamble President Bush ever took was deciding to invade Iraq in 2003. It wasn&#8217;t. His riskiest move was actually one made right after the Sept. 11, 2001, terrorist attacks when he chose not to mobilize the country or summon his fellow citizens to any wartime economic sacrifice. Bush tried to remake the world on the cheap, and as the bill grew larger, he still refused to ask Americans to pay up. During this past week, that gamble collapsed, leaving the rest of us to sort through the wreckage.</p>
<p>To understand this link between today&#8217;s financial crisis and Bush&#8217;s wider national security decisions, we need to go back to 9/11 itself. From the very outset, the president described the &#8220;war on terror&#8221; as a vast undertaking of paramount importance. But he simultaneously urged Americans to carry on as if there were no war. &#8220;Get down to Disney World in Florida,&#8221; he urged just over two weeks after 9/11. &#8220;Take your families and enjoy life, the way we want it to be enjoyed.&#8221; Bush certainly wanted citizens to support his war &#8212; he just wasn&#8217;t going to require them actually to do anything. The support he sought was not active but passive. It entailed not popular engagement but popular deference. Bush simply wanted citizens (and Congress) to go along without asking too many questions.</p>
<p>So his administration&#8217;s policies reflected an oddly business-as-usual approach. Senior officials routinely described the war as global in scope and likely to last decades, but the administration made no effort to expand the armed forces. It sought no additional revenue to cover the costs of waging a protracted conflict. It left the nation&#8217;s economic priorities unchanged. Instead of sacrifices, it offered tax cuts. So as the American soldier fought, the American consumer binged, encouraged by American banks offering easy credit.</p>
<p>From September 2001 until September 2008, this approach allowed Bush to enjoy nearly unfettered freedom of action. To fund the war on terror, Congress gave the administration all the money it wanted. Huge bipartisan majorities appropriated hundreds of billions of dollars, producing massive federal deficits and pushing the national debt from roughly $6 trillion in 2001 to just shy of $10 trillion today. Even many liberal Democrats who decried the war routinely voted to approve this spending, as did conservative Republicans who still trumpeted their principled commitment to fiscal responsibility and balanced budgets.</p>
<p>Bush seems to have calculated &#8212; cynically but correctly &#8212; that prolonging the credit-fueled consumer binge could help keep complaints about his performance as commander in chief from becoming more than a nuisance. Members of Congress calculated &#8212; again correctly &#8212; that their constituents were looking to Capitol Hill for largesse, not lessons in austerity. In this sense, recklessness on Main Street, on Wall Street and at both ends of Pennsylvania Avenue proved mutually reinforcing.</p>
<p>For both the Bush administration and Congress, this gambit has turned out to be clever rather than smart. The ongoing crisis on Wall Street has now, in effect, ended the Bush presidency. Meanwhile, a month before elections, panic-stricken members of Congress are desperately trying to insulate Main Street from the effects of that crisis &#8212; or at least to pass the blame onto someone else.</p>
<p>But in less obvious ways, the economic crisis also renders a definitive verdict on the country&#8217;s post-9/11 national security strategy. The &#8220;go to Disney World&#8221; approach to waging war has produced large, unanticipated consequences. When the American people, as instructed, turned their attention back to enjoying life, their hankering for prosperity without pain deprived the administration of the wherewithal needed over the long haul to achieve some truly ambitious ends.</p>
<p>Even today, the scope of those ambitions is not widely understood, in part due to the administration&#8217;s own obfuscations. After September 2001, senior officials described U.S. objectives as merely defensive, designed to prevent further terrorist attacks. Or they wrapped America&#8217;s purposes in the gauze of ideology, saying that our aim was to spread freedom and eliminate tyranny. But in reality, the Bush strategy conceived after 9/11 was expansionist, shaped above all by geopolitical considerations. The central purpose was to secure U.S. preeminence across the strategically critical and unstable greater Middle East. Securing preeminence didn&#8217;t necessarily imply conquering and occupying this vast region, but it did require changing it &#8212; comprehensively and irrevocably. This was not some fantasy nursed by neoconservatives at the Weekly Standard or the American Enterprise Institute. Rather, it was the central pillar of the misnamed enterprise that we persist in calling the &#8220;global war on terror.&#8221;</p>
<p>At a Pentagon press conference on Sept. 18, 2001, then-defense secretary Donald H. Rumsfeld let the cat out of the bag: &#8220;We have a choice, either to change the way we live, which is unacceptable, or to change the way that they live, and we chose the latter.&#8221; This was not some slip of the tongue. The United States was now out to change the way &#8220;they&#8221; &#8212; i.e., hundreds of millions of Muslims living in the Middle East &#8212; live. Senior officials did not shrink from &#8212; perhaps even relished &#8212; the magnitude of the challenges that lay ahead. The idea, wrote chief Pentagon strategist Douglas J. Feith in a May 2004 memo, was to &#8220;transform the Middle East and the broader world of Islam generally.&#8221;</p>
<p>But if the administration&#8217;s goals were grandiose, its means were modest. The administration&#8217;s governing assumption was that the U.S. military, as constituted in late 2001, ought to suffice to transform the Middle East. Bush could afford to tell the American people to go on holiday and head back to the mall because the indomitable American soldier could be counted on to liberate (and thereby pacify) the Muslim world.</p>
<p>For a while, that seemed to work: The Taliban fell quickly, with little need for the U.S. taxpayer to shell out for a larger military. But the Bush team turned quickly to Iraq, hoping to demonstrate on an even grander scale what the determined exercise of U.S. power could achieve. This proved a fatal miscalculation. After five and a half years of arduous effort, Iraq continues to drain U.S. resources on a colossal scale. Violence is down, but expenditures are not. An end to the U.S. commitment is nowhere in sight.</p>
<p>The achievements of Gen. David H. Petraeus notwithstanding, the primary lesson of the Iraq war remains this one: To imagine that the United States can easily and cheaply invade, occupy and redeem any country in the Muslim world is sheer folly. That holds true in Afghanistan, too, where the reinforcements that Gen. David D. McKiernan, the recently appointed U.S. commander, says he needs to turn things around will be unavailable until at least next spring.</p>
<p>Yet there is an economic lesson here too. &#8220;We have more will than wallet,&#8221; the president&#8217;s father said in 1989 during his own inaugural address. That is again painfully true today. The 2008 election finds the Pentagon cupboard bare, the U.S. Treasury depleted, the economy in disarray and the average American household feeling acute distress. Profligacy at home and profligacy abroad have combined to produce a grave crisis. This time around, telling Americans to head for Disney World won&#8217;t work. The credit card&#8217;s already maxed out, and the banks are refusing to pony up for new loans.</p>
<p>It&#8217;s not surprising that people don&#8217;t cotton to the idea of spending $700 billion to bail out Wall Street. Nor should they find it acceptable to spend as much as that, or more, to perpetuate a misguided and never-ending global war. But like it or not, the bill collector is pounding on the door. Bush&#8217;s parting gift to the nation will be to let others figure out how to settle accounts.</p>
<p>Andrew J. Bacevich is a professor of history and international relations at Boston University. His new book is &#8220;The Limits of Power: The End of American Exceptionalism.&#8221;</p></blockquote>
<p>Frankly I hold pretty equal contempt for capitalist zealots as I do for ignorant Marxists. But at least have a balanced commentary, SM. It isn&#8217;t too much to ask.</p>
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