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Let’s Ask the Fox to Guard the Hen House…….Again

I am traveling with an old friend, Bruce Bradley. Bruce got his start in politics as the advance man for Bill Miller, Barry Goldwater’s Vice Presidential candidate in 1964. Bruce supervised Henry Kissinger during Nelson Rockefeller’s run in 1968. He also is an old friend of Gary Hart’s, who lived with Bruce during his first term in Washington. Bruce ran a Wall Street firm in the 70s, so he is an old hand at this business. I asked him to offer his thoughts on the latest “crisis.” Here you go:

By Bruce Bradley

It is a curious irony that the new, fragmented oversight regulators look a lot like the old. If, and when, Congress passes a bailout package that the President supports, the same regulators, the Fed, Treasury, Comptroller of the Currency, HUD, FDIC and others will be in charge of monitoring, shoring up, and regulating the financial institutions and insurance giants. These are the same “leaders” who failed to regulate going into the current “crisis.” If we had been told this time last year that Bear Stearns, Lehman, Goldman, Morgan Stanley, Wachovia, and AIG would no longer exist in their present form or at all, we would have thought the world had come to an end. Where was the SEC when it came to monitoring net capital requirements for some of the world leading investment houses? Where were the insurance regulators when AIG’s $450 billion in the credit-default swaps market, which support investment funds and world banks, when they should have been raising red flags? What were the Congressional oversight and regulating committees doing as the brand names of finance, banking, and insurance were sliding into the abyss? These giant failures reside in highly regulated sectors.

The Fed has done a decent job of leaning into inflationary pressures and calibrating monetary policy. Why can’t it do a decent job of monitoring financial activity in banking and finance and anticipate precisely what we are experiencing. In short, regulators have been asleep at the switch and excesses have become excessive. Thirty years ago finance accounted for ten percent of America’s corporate profits. Recently it reached 40%. When almost half of the world’s leading economy’s profits are generated by regulated financial sectors one would assume that the collective oversight and regulatory agencies and committees would have voiced concern. One would have assumed that the financial media and general media would have uncovered and reported on the pending demise of some of the world’s leading investment banks, insurance giants, and commercial banks. Not so; did not happen.

Finance is smarter than those who regulate it. Finance and markets allocate needed capital more efficiently than think tanks and planners ever will. Financial thinkers will continue to move faster and more creatively than those who regulate its component parts. Yesterday, we had agency players, today we have principle traders. Financial institutions have morphed into hedge funds, and hedge funds remain unregulated. Regulation designed after the Great Depression is inadequate to deal with today’s global financial trends. Transparency and risk accounting must be a part of oversight and regulation going forward. At some point, regulators will have to review and regulate the derivatives of derivatives which quants trade on a minute by minute basis. New regulation should be tough and punitive. Only those willing to tolerate harsh sanctions and straight jacket regulation should be “bailed out.” The new Government Rescue Corp should be temporary and transparent.

Once the hysteria has subsided, the blame game will rage with amplified derision and insult. Congressional Committees will begin hearings. The media will write stories most of which will focus on how this all happened. Regulators will request new tools to deal with modern problems. The leaders of the Fed, FDIC, HUD, Treasury, and SEC and on and on will be called on the carpet by the relevant Congressional Committees. This collective den of foxes will explain, finger point, evade, and distort. The media foxes will report. We, the chickens, will watch the foxes and attempt to lock the hen house from the inside.

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Comment by gerard "Barracuda" Nedich | 2008-10-01 02:20:46

http://www.foxnews.com/video/index.html?playerId=videolandingpage&streamingFormat=FLASH&referralObject=3120753&referralPlaylistId=playlist

FOX news, – connect the dots, ACORN + Obama = obama is a corrupt jerk who is benefitting from the economic crisis…

spread this video to everyone you know…

a. hillary
b. mccain

america first!

Comment by Jackie | 2008-10-01 07:06:20

ACORN was on the hot seat on Fox again this morning during Fox and Friends.

I think this is good. THey were expressing aggrivation that the COngress was trying to give ACORN more $$

Keep sending them your emails apparantly they are listening.

Comment by dgr | 2008-10-01 11:30:47

This is viral… I do not normally spread these, but this hits about as hard as I’ve seen yet.

Burning Down The House: What Caused Our Economic Crisis?

http://www.youtube.com/watch?v=1RZVw3no2A4

 
 
 

Comment by Johnny at Work | 2008-10-01 02:25:38

One would have assumed that the financial media and general media would have uncovered and reported on the pending demise of some of the world’s leading investment banks, insurance giants, and commercial banks. Not so; did not happen.

That is not true. We know there were warnings about the Housing Bubble, Fannie and Freddie, overextended consumer credit, and more recently Bank vulnerability.

Alan Greenspan warned against both the stock market bubble of the late 90’s and the Housing Bubble, calling both “Irrational Exuberence”. When there were no more greater fools to buy up overinflated stock and property, prices nosedived.

When prices stated to dump, investors and lenders were at great risk.

We’ve seen the videos of Republican’s tryin to reign in the excesses of Fannie and Freddie as early as 2003, three full years before the real estate peak.

Analysts warned us about the impending doom to banks caught up in the Subprime Mess.

Meredith Whitney, The Oppenheimer & Co. analyst, warned last year – and continues to warn today – that the “incestuous” relationship between the banks and the credit-rating agencies during the real estate bubble will have a long-lasting impact on banks’ ability to recover.

http://money.cnn.com/2008/08/04/news/newsmakers/whitney_oppenheimer.fortune/index.htm

The problem is not that there were no warnings. The problem is that there was no political will to act on those warnings.

We needstong leaders with political cajones who will place the health and well being of the ublic aheadof their political career.

Where oh where can we find one.

http://www.youtube.com/watch?v=sIrzlFYaSks

Comment by Johnny at Work | 2008-10-01 02:29:13

I hate my shitty keyboard. It skips letters.

I hate my golf clubs too.

Comment by Mr. Natural | 2008-10-01 03:13:39

Get a new keyboard. The Bush years have been rough on keyboards. I’ve burned through three or four.

 

Comment by Maverick | 2008-10-01 08:07:07

I hate my mouse. Tt has a backbutton on the thumbside and if I accidently touch it, I go to previous page and lose the post I was creating.

Comment by Zorro Astor | 2008-10-01 10:27:13

Stop complaining. Get a Mac.

 
 
 

Comment by beebop | 2008-10-01 05:56:47

I will tell you this: If I see 0mama’s ad one more time saying “you, through no fault of your own,” I will go without TV. If people who could not afford the homes they were buying had continued to rent, a portion of this mess would have been averted. And for each and everyone of you poised to say that it is cheaper to own, that WAS THE COME ON. It isn’t cheaper to own by time you add the lawn mower, washing machine, etc. Then as the subprime mortgage is “adjusted,” it becomes untenable.

Yes, the banks and mortgage companies were thieves in this, but they wouldn’t have had pockets to pick if willing victims hadn’t continued to pour through their doors. And. They weren’t there in pursuit EXCLUSIVELY of “The American Dream.” There were lots and lots and lots of house flippers.

Comment by Jackie | 2008-10-01 07:07:20

 

Comment by Zorro Astor | 2008-10-01 10:31:25

 
 

Comment by DAB | 2008-10-01 06:30:39

You can kiss all those proposed spending programs good-bye right now. A fiscal conservative is what we apparently need for these times, which leaves out Mr. BO.

During the debate when asked where he would cut, he kept on talking about how he would SPEND. And so many said that he performed better on the economy! I guess they had expectations that this was his strength, so the pundits decided not to pay attention to what he actually said. What else is new?

Comment by pcbedamned | 2008-10-01 07:46:29

Which is precisely why Bambam will get in. He is the perpetual victim. And he makes everyone else feel the victim card as well. ‘through no fault of your own’ says is all. As well as reps for the ‘black community’. There are far too many people of whom refuse to take personal responsibility, and want something for nothing. (see, after all these years of Cons screaming for personal responsibility is finally making some sense, eh? We are not as heartless as you think :)

 
 

Comment by Mr.Murder | 2008-10-01 07:08:18

Horseshit. Alan Greenspan was behind this entire house of cards.

Tax cuts for billioaniares needed something to drive it. Why not reaganomics?

Print more money in the form of borrowing from China, give it away in credit.

 

Comment by Maverick | 2008-10-01 08:42:52

There were tons of warnings. As Harry Reid said, “No one knows what to do”. Hillary remarked about the speech she gave on St. Paddy’s Day, “I talked about it in March but it fell on deaf ears”. I recall the look on her face as she was aware of the impending crisis that day in March. No one listened. WHY? This thread is all about why wasn’t anyone watching the hen house. My question is why are these weak dogs watching the hen house when they do not know how to? Why are there just a few dogs and not committee after committee? packs of foxes?

Financial thinkers will continue to move faster and more creatively than those who regulate its component parts.

Understanding finances is not the same as understanding credit. What’s needed are the best minds who understand mortgages and credit-and no Barney or Bernake, it isn’t you! They would have to come straight out of the industry and not be just a financial wiz kid. You have to know hands on about CREDIT!
There must be committees formed with these credit people. Throwing money at the problem time and time again has not solved anything. It’s just a pot for Congress’ grubby little fingers to take hold of. It has made things worse. Blaming the brokers who give the credit hasn’t solved anything since they just follow lenders guidelines and Gov’t non-discrimination laws. Like being discriminating with credit is bad-weird? Why aren’t there packs of strong foxes guarding the hen house instead of a couple Lame dogs?
Bottom line is this: If they do not clean up the corruption from the top down (and I mean starting with the congress), there is no way out of this. Everything rests on clean, honest, efficiency and a tranparent form of governing. Inadequate government crooks who are out for themselves are deadweight. They are the problem. They need to get fired.

Comment by Maverick | 2008-10-01 08:47:50

What happened to my post? Try again.

There were tons of warnings. As Harry Reid said, “No one knows what to do”. Hillary remarked about the speech she gave on St. Paddy’s Day, “I talked about it in March but it fell on deaf ears”. I recall the look on her face as she was aware of the impending crisis that day in March. No one listened to her. WHY? This thread is all about why wasn’t anyone watching the hen house. My question is why are these weak dogs watching the hen house when they do not know how to? Why are there just a few dogs and not committee after committee? packs of foxes?

Financial thinkers will continue to move faster and more creatively than those who regulate its component parts.

Understanding finances is not the same as understanding credit. What’s needed are the best minds who understand mortgages and credit-and no Barney or Bernake, it isn’t you! They would have to come straight out of the industry and not be just a financial wiz kid. You have to know hands on about CREDIT!
There must be committees formed with these credit people. Throwing money at the problem time and time again has not solved anything. It’s just a pot for Congress’ grubby little fingers to take hold of. It has made things worse. Blaming the brokers who give the credit hasn’t solved anything since they just follow lenders guidelines and Gov’t non-discrimination laws. Like being discriminating with credit is bad?Weird. Why aren’t there packs of strong foxes guarding the hen house instead of a couple lame dogs?
Bottom line is this: If they do not clean up the corruption from the top down (and I mean starting with the congress), there is no way out of this. Everything rests on clean, honest, efficiency and a tranparent form of governing. Inadequate government crooks who are out for themselves are deadweight. They are the problem. They need to get fired.

Comment by Zorro Astor | 2008-10-01 10:43:08

What happened to my post?

You hit ’strike’.

 
 
 
 

Comment by NoBO | 2008-10-01 02:29:19

Excellent points and analysis of the situation. Would that things were different but the best we can hope for is the modified Senate bill passing tonight and a House bill tomorrow. Those bills are imperfect but far better than the original proposal or the horrible Dem version.

 

Comment by AF catfish | 2008-10-01 02:29:39

Thirty years ago finance accounted for ten percent of America’s corporate profits. Recently it reached 40%.

40!? Wow.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 02:32:24

who would have thought that selling credit to those who don’t qualify for it would be so profitable!

SQUEEL LIKE A PIG AMERICA!

YOU ARE BEING DELIVERANCED!

Comment by VMorris | 2008-10-01 02:38:42

That’s what I’ve been thinking for the last week. You took the words right out my mouth. They won’t even bother to kiss us while they’re screwing us.

Comment by Johnny at Work | 2008-10-01 02:40:31

Neither a lendor nor borrower be.

 
 

Comment by Mr.Murder | 2008-10-01 07:09:12

You believe America’s pigs are coming home to roost?

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 07:29:06

Yes and they are wearing Fashionable Freddie Macsfactor lipstick…

 
 
 
 

Comment by AF catfish | 2008-10-01 02:31:48

OK – McCain has said a) we need to buy up these mortgages (something Obama has refused to say) and b) we need stricter oversight, not necessarily new regulations. We need to enforce the regulations we have.

Obama will be do-nothing Coolidge and avoider Herbert Hoover. McCain will thrash and try things and shake things up. Obama will be a disaster.

Comment by Maverick | 2008-10-01 08:57:18

we need stricter oversight, not necessarily new regulations. We need to enforce the regulations we have.

Perfecto!
If we can’t have our wonkette at the wheel than Mac & SP will be just fine!

 
 

Comment by Johnny at Work | 2008-10-01 02:39:09

Obama has 98% of the AA vote.

So how come he cannot get the Congressional black Caucus to get behind the Financial Rescue?

If Obama favors it, why cant he LEAD and get his strongest supporters behind it.

If he can’t lead AA’s, who can he lead??

This clown could not lead ants to a pile of sugar.
He could not lead his way out of a paper sack if he had a new set of Ginsu knives.

Why do we need this guy as POTUS?

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 04:32:00

Obama has a vested interest in dragging this crisis out. s do the democrats.

As long as the financial crisis continues the american voters will be concerned about the economy and blame the current administration for it and vote for change hoping change fixes it.

As long as the MSM continues pandering to the DNC and covering up the complicity of the Democrats in creating this financial monstrosity through affordable housing for all regulations that penalized banks who didnt lend to bad borrowers and created the subprime fiasco and predetory lending, the american voter who gets their news at the dinner hour will think its bush’s fault.

 

Comment by educatedwhitewoman | 2008-10-01 07:14:13

The Black Congressional Caucus is miffed – the ACORN giveaway in the Bailout Bill was deleted (thanks to John McCain and House Republicans). Obama and his minions were furious that McCain and the House Republicans read the fine print and didn’t like what they saw (ACORN pork).

Obama voted “present” again (pretending to support the bill, the one he claims is critical to avoid a crisis of immense proportions), but not working to get House Dems, including the Black Caucus, to vote for it). A failed bailout only helps him to get more votes as he decries the crisis and falsely blames the Republicans (ignoring the Fannie, Freddie, Acorn, and corrupt Democratic party involvement behind this whole subprime mortgage meltdown.)

 

Comment by Diana | 2008-10-01 07:28:33

Umm because it works to his advantage, he could care less about the lives he destoys. Just like keeping the troops in Iraq till January with no withdraws or agreements…

 

Comment by Maverick | 2008-10-01 09:13:02

He can’t fix the problems in his district in Chicago. How can anyone expect this man to solve any problems. He has trouble picking up his clothes and making his bed. WTF?

 
 

Comment by Johnny at Work | 2008-10-01 02:42:32

Here is a tip:

If you live within your means and don’t overextend yourself with credit, the Financial Companies cannot screw you!!

 

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 02:43:54

On a lighter note


BREAKING
BREAKING
BREAKING

ON DRUDGEREPORT.COM

IN
BIG
BOLD
UNDERLINED
LARGE FONT
CENTERED
HEADLINE LETTERS:

VP DEBATE MODERATOR RELEASING ‘AGE OF OBAMA’ BOOK ON INAUGURATION DAY

The Upcoming Vice Presidential Debates are being Moderated by the Lovely and Talented Gwen Ifill

Who is Gwen Ifill? Why she is a totally impartial totally unbiased totally integri erm integ erm integrified journalist who just happens to have a book coming out on January 20, 2009…INAUGURATION DAY

Amazon.com Link

The Breakthrough: Politics and Race in the Age of Obama (Hardcover)
by Gwen Ifill (Author)
List Price: $24.95
Price: $16.47 & eligible for FREE Super Saver Shipping on orders over $25. Details
You Save: $8.48 (34%)
This title will be released on January 20, 2009.

Editorial Reviews
Product Description

In THE BREAKTHROUGH, veteran journalist Gwen Ifill surveys the American political landscape, shedding new light on the impact of Barack Obama’s stunning presidential campaign and introducing the emerging young African American politicians forging a bold new path to political power.

Ifill argues that the Black political structure formed during the Civil Rights movement is giving way to a generation of men and women who are the direct beneficiaries of the struggles of the 1960s. She offers incisive, detailed profiles of such prominent leaders as Newark Mayor Cory Booker, Massachusetts Governor Deval Patrick, and U.S. Congressman Artur Davis of Alabama, and also covers up-and-coming figures from across the nation. Drawing on interviews with power brokers like Senator Obama, former Secretary of State Colin Powell, Vernon Jordan, the Reverend Jesse Jackson, and many others, as well as her own razor-sharp observations and analysis of such issues as generational conflict and the “black enough” conundrum, Ifill shows why this is a pivotal moment in American history.

THE BREAKTHROUGH is a remarkable look at contemporary politics and an essential foundation for understanding the future of American democracy.

About the Author

GWEN IFILL is moderator and managing editor of Washington Week and senior correspondent of The NewsHour with Jim Lehrer. Before coming to PBS, she was chief congressional and political correspondent for NBC News, and had been a reporter for The New York Times, The Washington Post, The Baltimore Sun, and Boston Herald American. She lives in Washington, D.C.

SUHWEET!!

NBC NEWS CORRESPONDENT – Check
WASHINGTON POST REPORTER – Check
WRITING A BOOK ABOUT OBAMA – Check
RELEASING SAID BOOK ON INAUGURATION DAY – Check

BEING SO DEEP IN THE TANK THAT YOUR GILLS ARE SHOWING – PRICELESS!!!!!!!

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 02:46:52

Update 2:
Miss Ifill has very recently broken her ankle. BIll and Hillary have both produced unimpeachable alibis.

Update 3:
Chris Matthews and Keith Olbermann have offered to co-moderate the VP Debate for for Miss Ifill should she break another ankle and be unable to attend to her impartial moderator duties.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 03:06:45

Want to Express your concerns?

Is that something rotten in the air or just your upper lip?

Do you feel that a Moderator who is publishing a book on Inauguration Day that will benefit significantly in financial terms from an Obama Win and net her lots of Golden Odollars has a CONFLICT OF INTEREST???

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

And here’s the e-mail address of Janet H. Brown, Executive Director of the Debates Commission: jb@debates.org

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 03:14:53

By The Way

the OBAMA YOUTH SINGING FOR CHANGE Video has been pulled from Youtube!!! I guess they are going to hold it till they win the election.

Comment by VMorris | 2008-10-01 03:58:49

What a shame! I was having so much fun comparing it to how other dictators indoctrinate their youth.

But, there is hope…

Take the video from this:
http://www.youtube.com/watch?v=CLek3CMsTpg&feature=related

And the Audio from this:
http://www.youtube.com/watch?v=rVd-IPJIxA4&NR=1

Voila! You have the Children Sing for Obama video!!

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 04:02:49

Or take the Reposting from a HarvardGraduate who learned how to do something besides pander to middle east interests for money while promising america that he would call them in the morning after giving them the equivalant of an election dirty sanchez

http://www.youtube.com/watch?v=FTm5rp8r6fE

 
 
 

Comment by wodiej | 2008-10-01 04:58:46

thanks for the link, I just sent an e-mail.

I told her if Obama’s supporters think he is so wonderful, why do they need to keep giving him advantages??

 

Comment by beebop | 2008-10-01 06:03:47

I sent an email. Thanks.

 

Comment by educatedwhitewoman | 2008-10-01 07:49:37

Thanks. Just sent an email to her requesting an unbiased moderator.

 
 
 

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 02:49:35

Oh did i mention she is African American and was on the news commentating about sarah palins speech and how belittling she was to Barack Obama from the RNC floor while she shook her head back and forth with a look of disgust???

Go ahead call me racist.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 02:51:04

Behold the Video that makes Andrea Mitchell look like she is impartial

http://www.youtube.com/watch?v=4zafLsAtp_Q

Comment by socalannie | 2008-10-01 04:31:13

I remember that. I hope Sarah can keep her cool on Thursday, Ifill won’t cut her any slack.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 04:46:33

Sarah needs to start by saying this:

“First let me thank the Debate Commission for having this debate to help the American voters in this crucial election.

And allow me to thank Ms. Gwen Ifill for moderating.

Now I want to address an issue that has been brought to many peoples attention in recent days.

Please accept my sincere congratulations on your forthcoming book “The Breakthrough: Politics and Race in the Age of Obama” that will be released January 20th, 2009 on our country’s Presidential Inauguration Day.

I can’t even imagine how hard it would be for most people with a vested financial interest in Barack Obama winning the election to be impartial at an event such as this.

However, I have every belief that Miss Gwen Ifill is up to this challenge and will display The Journalistic Integrity and Honesty for which she is well known.”

Right about then i expect the audience to erupt in Cheers from the right while heads on the left pop audibly. Broken ankle or No I expect Gwen Ifill to jump over the Moderator table and ask Donna Brazil to hold her wig while she sets that B—- Straight!

Comment by socalannie | 2008-10-01 04:50:42

Oh, perfect!!! That would be the perfect thing to say! How do come up with these gems in the middle of the night like this? I’m a zombie–scratch that–I don’t want to think of the word zombie after watching the uber-kiddies singing their Obamanthem!

Comment by socalannie | 2008-10-01 04:52:32

oops. I meant to say how do you come up with these gems…

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:15:51

Its not that difficult.

I mean come on look at the material we have to work with.

Hollywood couldnt come up with the insane shit thats happened this election cycle if their life depended on it.

Comment by socalannie | 2008-10-01 05:20:58

The material is great, but you obviously have a special flair for getting thru to the true point of all this crap & making us laugh while you do it.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:22:39

If we don’t laugh at whats going…

Seriously.

Its too frightening…

(Comments wont nest below this level)

Comment by socalannie | 2008-10-01 05:26:55

Agreed. It would be sad to have no one to laugh with in this insane season. Besides, since we can’t get our stupid politicians to do their jobs properly, we may as well get free entertainment out of them!

 
 
 
 
 
 
 
 
 

Comment by wodiej | 2008-10-01 05:02:44

I was just wondering that…if she was black. I just hope all Americans of every ethnicity are disgusted by the tactics being used. Any decent person would not want an advantage for anything simply because of the color of their skin. The fact that she wrote that book should have been something that was considered conflict of interest. Where do they get these moderators anyways?? Most I’ve seen are half wits.

Comment by DAB | 2008-10-01 06:35:29

Wow – I didn’t know she wrote that book. That changes everything. You would think that Ifill would have to be extra careful in her questioning of Palin because of this but taken what I have seen so far, don’t bet on it.

Wonder if the McCain camp knew about the book before they agreed to the selection of this moderator.

Comment by Rob in Chicago | 2008-10-01 10:08:49

I’m sure that this book was not written overnight, and was submitted to the publisher long before any moderator was selected for this debate. The questions that I would like to see answered (truthfully, would be nice, thank you) is whether Janet H. Brown, Executive Director of the Commission on Presidential Debates knew that Gwen Ifil had written this book ? If she did know, when did she know this ? When Ifil was approached and asked if she would moderate this debate, did she ever mention this book or was the issue discussed in any way ? And if this issue was not raised or discussed, why would any rational journalist think that this issue (going to the essense of her credibility and professionalism) was not relevant to the discussion?

 
 

Comment by Maverick | 2008-10-01 10:03:54

They bullied our Hillary out “in favor of an inadequate black man”. Race trumps Gender. Football-all black players.
basketball-all black players. baseball-soon to be all black players-

government-disproportionately large amount of black players. Women don’t count. Over-Representation is way slanted for 12% of the population. I’m tired of the race card and special treatment demands by the blacks in general. The buck stops here. There are other people in this world. cough. It’s time to get past the skin color and look at people as people and not reward someone for having dark skin. It’s gotten OLD.

 
 
 

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 02:54:28

Also breaking on Drudge:

PALIN PELOSI PAID HUSBAND WITH PAC FUNDS

I swear the constant stream of media hate against Palin had me reading that as Palin first…Imagine my surprise when i went to the article to discover no It was PELOSI our Lady of the Perpetual Smile and the Poison Speech.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 02:56:44

Oh F*cknuts Let me link a bit of the article:

House Speaker Nancy Pelosi has directed nearly $100,000 from her political action committee to her husband’s real estate and investment firm over the past decade, a practice of paying a spouse with political donations that she voted to ban last year.

Financial Leasing Services Inc. (FLS), owned by Paul F. Pelosi, has received $99,000 in rent, utilities and accounting fees from the speaker’s “PAC to the Future” over the PAC’s nine-year history.

The payments have quadrupled since Mr. Pelosi took over as treasurer of his wife’s committee in 2007, Federal Election Commission records show. FLS is on track to take in $48,000 in payments this year alone – eight times as much as it received annually from 2000 to 2005, when the committee was run by another treasurer.

And we want to let this Woman and her pack of pork barrel piggies take SEVEN HUNDRED BILLION DOLLARS FROM THE TAXPAYERS and hand it over to PAULSON?

Yeah….um…NO!

Comment by socalannie | 2008-10-01 03:54:34

Thanks Jeremiah! Great info. I will harangue the Commissioner of Debates tomorrow.

 

Comment by Jackie | 2008-10-01 07:39:07

And the press has its knickers in a twist over a facial, a fish, and some flowers?????

God help us all.

 
 

Comment by bert | 2008-10-01 05:51:34

This is one of the reasons I so seldom donate money to candidates. Several years ago I also read some where that if a politician leaves office for any reason, any money still in their campaign coffers are their personal money to keep. So in addition to salaries, health benefits, and pension plans that are far better than the average American’s, they get to keep money we freely give away to them if they do not spend it getting re-elected, or giving to other candidates I may not support. Is this a scam or what!!!!!

 

Comment by Maverick | 2008-10-01 09:21:51

PELOSI our Lady of the Perpetual Smile and the Poison Speech.

She’s not smiling now.
Impeach Nancy Pelosi. Watch things smooth out and get solved once she is gone!

 
 

Comment by socalannie | 2008-10-01 04:46:48

Do you suppose she’ll still release it on inauguration day if McCain wins?

The Obot nation is so smug, so arrogant…I’m praying they get a big fat dose of karma handed to them in Nov. I’m middled aged & this is the creepiest election I’ve ever seen.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:24:50

Just pass the information to anyone not under the influence of Koolaid and impress upon them the importance of every single vote this year.

This really is the most crucial election in our nation’s history.

If we don’t stand up and fight for our freedom we don’t deserve to have it.

 
 

Comment by Zee | 2008-10-01 05:02:49

Still not breaking. Read it elsewhere.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:18:39

and your point is what?

Other than you are a pathetic little o-bot troll with no life who hangs out at a place where the people who post don’t support your fearless leader?

Seriously. Whats your contribution to your cause?

Go register some dead people to vote or something.

But i do have some breaking news for you:

Nobody here gives a shit what you think.

Oh wait that’s not breaking either, you have been told that many times as well.

 
 

Comment by Maverick | 2008-10-01 09:17:37

Hopefully she isn’t rude like the others.. Katie Couric-Gibson cough cough

 
 

Comment by sayitisntso | 2008-10-01 02:52:10

Ifill is an total embarrassment.

Luckily, Palin is very, very smart.

Comment by Zee | 2008-10-01 05:04:14

I like the idea that Palin should open her remarks by congratulating the moderator on her upcoming book on Obama.

 
 

Comment by justsomeone | 2008-10-01 03:04:49

Good op-ed Bruce. Like many people I’m opposed to this bail-out but kinda understand something must be done, I guess. But to hell with just giving Paulson 700Billion to spend on his whims, where’s the over sight? & who is quaified to provide it? Hell No to bailing out foreign finance, who cares if they have a little office somewhere state side. I don’t want to hear it with greedy CEOs & their ex post facto bullshit, they don’t have to paticipate, like good captains they may well choose to simply go down with their ships, so double Hell no! hell no! to sticking the taxpayer with outrageous CEO comps, Oh hell no to slush funds for LaRaza & Acorn, etc. How anyone proceeds to provide transparancy into triple & quadruple toxic gordian knots is way beyond anything I can imagine. GWB just gave 25Billion to the auto makers tonight after midnight…Is there any solvency anywhere? it’s doubtful, meanwhile Iran just imported cargo ships of gold bullion. I’m going to sleep, 72 hrs of this crap is enough for me. Parting thought: I’ll quote Don Luskin from Kudlow fame, “they had all this money & all this power & their best idea was subprime option arms”. What greedy morons! I don’t care how many dead cat bouncing bear rallies these freaks can churn out, the fundamentals of The United States of Enron are NOT strong & there’s absolutely nothing patriotic about giving back your life savings in higher taxes.

 

Comment by guido in florida | 2008-10-01 03:26:21

Why is no one talking about the Phil Berg law suit progress. McCain site says that the motion to dismiss was denied Monday and Obama has been given 3 days to produce a vault copy of his birth certificate and other documents!

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 04:04:19

Link it, quote it and make it an issue!

why does everyone make it someone elses responsibility to help educate us unwashed masses.

We must help ourselves.

 

Comment by jvsp | 2008-10-01 04:15:25

Post a link!

Comment by just me | 2008-10-01 10:21:03

 
 

Comment by socalannie | 2008-10-01 05:13:31

Guido, I don’t think the obama’s motion to dismiss has been denied yet. Berg just posted his response Monday afternoon. Have you looked at his site? Its

obamacrimes.com

Check it out. It even has the full complaint on pdf.

 
 

Comment by dfgdg | 2008-10-01 03:31:58

so where’s that “whitey tape” Liarry?

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 04:04:55

Comment by socalannie | 2008-10-01 04:16:41

That is fucking chilling. I’m going to have to take another sleeping pill after seeing that. It seems that as the weeks roll on, Obama weasels himself further & further into every nook & cranny of the America. I see his face everywhere & hear about him constantly. It’s scary. Are the republicans ever going to strike back? Bring on the 527’s.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:26:11

Comment by socalannie | 2008-10-01 05:30:49

omg! brilliant! and scary! Eeek! I’m going to have nightmares tonite, if I ever get to sleep. I know its morning in FL.

 

Comment by bert | 2008-10-01 05:55:19

Obama looks like David Axlerod on that poster. Are they one and the same? Has they morphed in to one?

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 06:02:14

I think the resemblance between Adolf Axelrod and Barack Ohitler is purely circumstantial.

 
 

Comment by TruthToPowerGrabbers | 2008-10-01 10:05:44

The one that I think looks so much like Hitler is David Axelpuke. Could he possibly look like more of a lying ass slimeball? Watching his Goebbels-like campaign, I’ve often wondered if he keeps a copy of Mein Kampf on his nightstand.

 
 
 
 
 

Comment by guido in florida | 2008-10-01 04:13:59

I hope i am doing the link right.

mccainspace.com/kickapps/_Philip-Bergs-Lawsuit-Against-Obama/BLOG

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 04:51:00

nope doesnt work that way

 

Comment by socalannie | 2008-10-01 05:04:21

mccainspace.com/kickapps/_Philip-Bergs-Lawsuit-Against-Obama/BLOG

Comment by socalannie | 2008-10-01 05:05:40

hmm…Guido, I couldn’t get it to link either. Are you sure this is right?

 
 

Comment by Zee | 2008-10-01 05:25:20

That blog is poorly written. No, the court has not yet rejected the request for dismissal.

Here is the site with the real lowdown.

http://obamacrimes.com/index.php/component/content/article/1-main/24-berg-files-opposition-to-defense-motion-for-dismissal

And even if the judge allows the case to go forward I’m not sure how soon the discovery would be due…and the records could be ordered sealed as well.

Comment by jvsp | 2008-10-01 05:43:45

Comment by Zee | 2008-10-01 05:57:19

Berg does have new info, if he can get it in.

Barry would’ve had to have officially renounced his Indonesian citizenship by time he was 18 or else he’s still a citizen there. His Kenyan citizenship expired but in Indonesia you have to specifically renounce the citizenship.

So Berg should ask for that renunciation. And the adoption papers, etc. One of Barry’s superdelegates went to Indonesia in July of 2007, and so we can expect a lot of the paper trail is gone. But the news media did get that one school record which recorded Barry Soetoro as adopted, an Indonesian citizen, and a Muslim. The religion is immaterial, except that Barry’s a coward not to come clean on his upbringing.

Comment by jvsp | 2008-10-01 06:16:16

The Jesuits had a saying, “give me a child until he is seven, and he will always be a Catholic.” The same goes for Islam.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 06:19:07

The problem is not the fact that he was raised as a muslim and converted to christianity.

The problem is that he has been lying about it to the American people.

Comment by jvsp | 2008-10-01 06:54:14

I guess you could say he converted to Christianity if you believe that melanin theories are compatible with Christianity. That aside, I understand your point. However, as someone who has been in bed with Islam, I doubt the claim that he has converted in the sense others believe (taqiyya -what was the nature of the “madras” he attended and was he ever radicalized? given his affiliations and the “Christianity” he chose, one might be able to forward a good argument that at the very least he seems susceptible), Anyway, it is tangential to the main thrust of the court case.

Comment by Mr.Murder | 2008-10-01 07:15:53

It could be a case that his denying said citizenship was seen as the ultimate apostasy for Islam.

Egads.

 
 
 

Comment by Maverick | 2008-10-01 09:33:26

Agree! I think about that alot.

 
 
 
 
 
 

Comment by Nobamamania | 2008-10-01 04:27:19

Did you see the children’s eyes in the video? It’s both scary and sad. How can parents allow their children to be used that way? What is going on?

Comment by Perry Logan | 2008-10-01 04:39:18

It scares me, too. But let’s not forget “Jesus Camp.” The Right likes to indoctrinate children, too.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:31:26

Jesus Christ is Not Barack Obama.

Jesus Christ is also not Running for President of the United States Either.

We do not Deify our Leaders in the United States of America.

We don’t even stick their faces on currency till they are dead.

Come on Perry…stop playing at being so incredibly obtuse…you are too long in the tooth for that.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:32:29

and there are plenty on the left that indoctrinate their children in religion.

Or do you think every Liberal is an atheist?

 

Comment by Jackie | 2008-10-01 07:53:06

Zealots of any flavor need to be stopped. The use of these children is nauseating. As a parent I am careful to explain my political views and I encourage them to ask questions.
My 21 yearold is much more conservative than I am. She says theat after living on a college campus for 4 years the lack of standards have so offended her that she could not think of supporting any DNC ideas. I am pro-choice she is violently anti-choice because of how she saw it being abused.

Using your kids to promote your ideology is a perverse form of child abuse.

 
 

Comment by beebop | 2008-10-01 06:12:25

Perry … you have lost touch with any form of reality in your hatred of all things Republican. You should pursue THERAPY at your first opportunity. Seriously.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 06:17:17

have you seen his videos?

I think Therapy would only be a stop gap measure.

Perry needs Unicorns and Rainbows.

Comment by Perry Logan | 2008-10-01 06:21:09

It’s true. I do weird videos in which I try to act like the left-wing version of a right-wing loony. They’re really great:
http://www.youtube.com/watch?v=-GCNfc4tsug

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 07:25:03

Your videos are very…unique.

Clearly you are intelligent and creative, however the use of the children’s voices laugh track is just down right creepy and the back and forth video scratching is overused and wastes space you could fill with relevant commentary.

I think you might get more bang for your buck if you tightened up on those things.

I wont debate the points you make in the videos as i think you bring up a lot of stuff that while i may or may not always agree with is clearly well thought out.

Its just that some of your “greek Columns” detract from your message.

Less Socialist video. bigger is not always better, even if MediaMatters.org says 87% of americans want bigger videos along with bigger governement…

Comment by jwrjr | 2008-10-01 09:29:24

He tells you that his videos are great because otherwise you might not notice. That tells you how “great” they really are (NOT).

 
 
 
 
 
 
 

Comment by socalannie | 2008-10-01 04:33:22

I enjoyed your post Larry & your friends thoughts. Thank you!

 

Comment by Jon | 2008-10-01 04:39:52

Why is it that leading businessmen and financial experts who know how the markets work are against the bailout? Could it possibly be that they know that the current bailout is just that, a bailout for the offenders and not a fix for the problem?

Steve Wynn, the incredibly savvy Las Vegas Casino Developer, was on Hannity and Colmes tonight and he is against the bailout. He recommended that the balance sheets of the banks be fixed using preferred stock.

Donald Trump, New York Developer, is against he bailout and recommended that Congress follow Warren Buffet’s model in how he made his investment in Goldman Sachs.

Janet Tavakoli, a Credit Derivatives Expert, is against the bailout. She recommends that they do a forced restructuring.

http://www.tavakolistructuredfinance.com/TSF9.html

William Isaac, former chairman of the Federal Deposit Insurance Corp., is against the bailout. He recommends an alternative:

One alternative is a “net worth certificate” program along the lines of what Congress enacted in the 1980s for the savings and loan industry. It was a big success and could work in the current climate. The FDIC resolved a $100 billion insolvency in the savings banks for a total cost of less than $2 billion.

John P. Hussman, Ph.D, of Hussman Funds, says that “You Can’t Rescue the Financial System If You Can’t Read a Balance Sheet.” In fact he continues:

The only way that buying the questionable assets will increase capital on the liability side of the balance sheet is if the Treasury overpays for them.

A better approach would be for the government to provide capital directly, in the form of a “super-bond,” in an amount no greater than the debt to bondholders. The “super-bond” would be subordinate to customer liabilities, so it could be counted as capital for the purpose of capital requirements, and would be seen by customers as a legitimate cushion of protection. However, in the event of bankruptcy, it would have a senior claim in front of both stockholders and even senior bondholders. Do that, and you’ve actually got a mechanism to protect the financial system while at the same time protecting customers and taxpayers. Ideally, the super-bond accrues a relatively high rate of interest so that financials have an incentive to shift to private financing as soon as possible, but you would also defer the interest until the bank meets a minimal level of profitability to make sure that the financing doesn’t strain the institution’s liquidity.

So, all these financial experts and smart money men and women are against the bailout and most say it won’t work. So why is Congress insistent on doing exactly what the smart money says won’t work? Maybe it’s because they have a conflict of interest.

Instead of bailing out the people who brought us this financial crisis (the bankers and Congresspeople), let’s insist that Congress do the right thing instead.

Why don’t the Republicans propose an alternative plan backed by the financial experts and smart money men and women that actually solves the problem without rewarding the ones who brought us to the brink of financial disaster? Why doesn’t John McCain led such an effort?

Let’s let John McCain and the Republicans in Congress who want a real solution to the problem know that they need to Stand up! Stand up with the people! To effect real change. I’m wondering if perhaps Sen. McCain has already forgotten his Convention Speech and his clarion call to action.

Stand up Sen. McCain! Stand up with the People!

Comment by socalannie | 2008-10-01 05:00:56

I know what you mean. I’ve read several articles lately by people who think its unnecessary. I also wish McCain could put together a better solution and use it to his advantage. Here is a link James K Galbraith (economist, Prof) saying we don’t need the bailout:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/24/AR2008092403033.html?hpid=opinionsbox1

 
 

Comment by guido in florida | 2008-10-01 05:37:20

Here is the quote from the McCainspace web site.

ORDERED
that the Motion to Dismiss pursuant to F.R.C.P. 12(b)(1) and

12(b)(6) is DENIED. It is further ORDER

of this Court that the following discovery is

to be turned over to Plaintiff within three (3) days:

1. Obama’s “vault” version (certified copy of his “original” long version)

Birth Certificate; and

2. A certified copy of Obama’s Certification of Citizenship;

3. A Certified copy of Obama’s Oath of Allegiance.

IT IS SO ORDERED

Dated: September 29, 2008

Comment by socalannie | 2008-10-01 05:42:24

I hope its so, Guido. Its not on Bergs web site yet. Anyway, thanks for sharing this. I tried to help make your link work upthread, but couldn’t get it to work either. I read Bergs filing and it was very interesting. Hopefully, he’ll win & we find out soon!

Comment by Zee | 2008-10-01 05:46:39

Berg’s site has the correct info.

 
 

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:47:17

This would be a lot more believable if you could provide an actual working link.

Until then this falls under the “some guy who happens to post on a website I read” catagory.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 05:58:28

Ok i am looking into it here is what i am finding:

the first page is the draft of the order sought by Mr. Berg. It is standard policy to provide what you are asking for.

http://citizenwells.wordpress.com/2008/09/29/philip-j-berg-files-opposition-and-brief-obama-motion-to-dismiss-september-29-2008-berg-response-affects-hillary-voters-fec-allowed-campaign-contributions-obama-not-us-citizen/

Philip J Berg has filed a opposition and brief to the Obama motion to dismiss his lawsuit. Mr. Berg made the filing today, Monday, September 29,
2008. Obama filed the motion to dismiss instead of producing a vault COLB or pledge of allegiance to the US. Here is the first part of Mr. Berg’s response:

UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA

PHILIP J. BERG, ESQUIRE, : Plaintiff: vs. : CIVIL ACTION NO: 08-cv- 04083 : BARACK HUSSEIN OBAMA, ET AL, : Defendants

:

ORDER

ON DEFENDANT’S, BARACK HUSSEIN OBAMA AND THE DEMOCRATIC NATIONAL COMMITTEE’S MOTION TO DISMISS PLAINTIFF’S COMPLAINT PURSUANT TO RULE 12(b)(1) and 12(b)(6)

THIS CAUSE

came before the United States District Court Judge, Honorable R. Barclay Surrick on Defendant’s Barack Hussein Obama and the Democratic National Committee’s Motion to Dismiss. Having reviewed the Motion and Plaintiff’s Opposition to said Motion and for good cause shown, it is hereby ORDERED that the Motion to Dismiss pursuant to F.R.C.P. 12(b)(1) and 12(b)(6) is DENIED. It is further ORDER of this Court that the following discovery is to be turned over to Plaintiff within three (3) days:

1. Obama’s “vault” version (certified copy of his “original” long version)Birth Certificate; and

2. A certified copy of Obama’s Certification of Citizenship;

3. A Certified copy of Obama’s Oath of Allegiance.

IT IS SO ORDERED

Dated: September ______, 2008

http://citizenwells.wordpress.com/2008/ … s-citizen/

It has not been signed yet by the judge, its just part of the paper work he submits to have the judge deny the dismissal.

Lets not get ahead of ourselves.

Comment by Jeremiah God Damn Barack Amerikkka Wright | 2008-10-01 06:08:43

in any event, don’t get your hopes up on this one. The lawyers will finangle and bamboozle and file motions till the cows come home to impede the discovery even if the judge signs it.

However, if the judge does sign it then it becomes a much bigger news story.

Comment by socalannie | 2008-10-01 06:13:38

True. Also, if the judge signs it, I think more stuff will come out from other sources. It’ll be fun to watch. Finally sleepy. Off to bed. Have a nice morning, you east coasters!

 
 
 
 
 

Comment by tzada | 2008-10-01 05:51:53

OT But it fits the headline here. Matt Drudge has Gwen Ifill and her Obama book at the top and center in BOLD.

Fairness in the debate? How many have seen Gwen Ifill’s twisted ugly grimaces when it come to John McCain and Sarah Palin? I have…. And so have others

“she also was cited in complaints PBS Ombudsman Michael Getler said he received after Alaska Gov. Sarah Palin delivered her nomination acceptance speech at the Republican National Convention in St. Paul, Minn., earlier this month.”

Some viewers complained of a “dismissive” look by Ifill during her report on Palin’s speech. According to Getler, some also said she wore a look of “disgust” while reporting on the Republican candidate.

So this author who speaks so highly of Obama, is noticed for her obvious dislike of McCain and Palin will moderate the VP debate. Anyone besides me see something wrong here?

VP debate moderator Ifill releasing pro-Obama book
Focuses on blacks who are ‘forging a bold new path to political power’

The
moderator of Thursday’s vice-presidential debate is writing a book to come out about the time the next president takes the oath of office that aims to “shed new light” on Democratic candidate Barack Obama and other “emerging young African American politicians” who are “forging a bold new path to political power.”

Gwen Ifill of the Public Broadcasting Service program “Washington Week” is promoting “The Breakthrough,” in which she argues the “black political structure” of the civil rights movement is giving way to men and women who have benefited from the struggles over racial equality.

In an online video promoting her book, she is enthusiastic about “taking the story of Barack Obama and extending it.”

It focuses on four people, “one of them Barack Obama of course,” she said.

“They are changing our politics and changing our nation,” she said.

On Amazon.com, Ifill is praised for her “incisive, detailed profiles of such prominent leaders as Newark Mayor Cory Booker, Massachusetts Governor Deval Patrick, and U.S. Congressman Artur Davis of Alabama.”

http://www.wnd.com/index.php?fa=PAGE.view&pageId=76645

Comment by trails | 2008-10-01 08:38:21

You can look up her background here:

http://en.wikipedia.org/wiki/Gwen_Ifill

 
 

Comment by NY mom | 2008-10-01 05:58:36

Fox has the story of Ifil’s book on their front page.

 

Comment by Mr.Murder | 2008-10-01 07:20:19

To clear a threshold so low as Gwen Awful is really an example of lowering the bar.

 

Comment by Sassy | 2008-10-01 08:21:35

Gwen Ifil also made haughty remarks on Washington Week during the “dust-up” about Robert Kennedy’s assasination.
The BO followers didn’t know the difference between RFK and JFK!
A cartoon at the time had Hillary hanging out the window of the book depository in Dallas, just grinning and waiting!

 

Comment by Sassy | 2008-10-01 08:26:17

Andrea Mitchell reported that Palin was doing so badly in the debate preparations that she had been shipped to Arizona, so the McCain camp could drill her.
The media’s face would freeze and crack, if they had to say anything negative about their “lover-boy”!

 

Comment by Soldier of Christ | 2008-10-01 08:46:04

Look….there is more bad news for the Mccain/Palin ticket. Here you hear Sarah doing a great job on the HH radio show last night- and then while the chickens were out of the henhouse- the wolves “sneaked” PBS in the tank moderator to do the debate on Thursday- I WOULD DEMAND ANOTHER MODERATOR BECAUSE OF CONFLICT OF INTEREST. This moderator is writing a book on the success of Obama- has interviewed the Obama personally and showed love toward them. HOW IN THE HELL DID THE REPUBLICANS NOT SEE THIS COMING????Go check on MM column in Townhall- it is scary!!!!!!!!!

 

Comment by educatedwhitewoman | 2008-10-01 08:52:03

http://michellemalkin.com/2008/09/30/a-debate-%E2%80%9Cmoderator%E2%80%9D-in-the-tank-for-obama/

Just one of the complaints to PBS following Gwen Ifill’s commentary on Palin’s convention speech:

“I was appalled by Gwen Ifill’s commentary directly following Gov. Sarah Palin’s speech. Her attitude was dismissive and the look on her face was one of disgust. Clearly, she was agitated by what most critics view as a well-delivered speech. It is quite obvious that Ms. Ifill supports Obama as she struggled to say anything redemptive about Gov. Palin’s performance. I am disappointed in Ms. Ifill’s complete disregard for journalistic objectivity.”

 

Comment by Zorro Astor | 2008-10-01 10:40:33

Once the hysteria has subsided, the blame game will rage with amplified derision and insult.

Yes. What a civilised nation.

 

Comment by ybnormal | 2008-10-01 10:46:41

Where were all the [fill in blank] who should have known better. The answer I think, lies in the structure of the money supply.

The vast majority of the U.S. money supply is controlled by private banking – 12 regional federal reserve banks, whose stock is owned by the commercial banks in their regions. The regions have some accountability to, but are not completely controlled by, the federal reserve; which is described as a quasi government/private enterprise. But in terms of who owns it, the bottom line is that it’s private.

Alternates have been tried, in having issuance and control of money by the government itself, but that’s had problems too; usually in the form of political cronyism, or excesses related to political goals.

Meanwhile, the problem with the money supply controlled by private banking is that, when the going gets tough, the tough bankers will, not surprisingly, save themselves first.

 

Comment by Linda | 2008-10-01 12:26:11

yes, but currently the media is AGAIN using the talking points by Congress and trying to push this failed bailout plan.

And if the media has been sucessful pushing this inexperienced puppet on to the people as agreeing to vote for him as President of th USA, indeed low informaiton voters are plentiful and they too will succumb to the “idiot box” dictating their preference.

 

Comment by Retired | 2008-10-01 13:17:53

The problem with the markets is that they don’t reward laziness or stupidity, and thus are not “economically just.” Economic justice–the redistribution of assets from those who work to those who do not–is the hallmark of Senator Obama’s economic plan. The guiding principle can be found in the works of humanity’s foremost economist, Karl Marx, who proclaimed, “From each, according to his abilities, to each, according to his needs.”

Who among us wants to work merely to benefit himself and his family? If a single person has no children but earns, say, $300,000 per year as a result of a combination of skill, hard work, and luck, isn’t only “just” that all that they earn be taken away from them by government and they be given just enough for a single person to live on so that the rest can be distributed to families whose breadwinners choose not to work? Isn’t it more motivating for that single person to know that, no matter how hard they work, they will never be allowed more by the government than the government decides that they need so that their earnings can be granted by the goverment to others?

This is what Senator Obama seeks, and he openly declares it. This is the type of change that he believes in. Do you?

 

Comment by Maverick | 2008-10-01 13:40:34

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.

VoteNoBailout.org 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.

 

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