What They Didn't Tell You - The Financial Crisis Inquiry Commission

February 2nd, 2011

By Numerian posted by Michael Collins

What America really needs is a Commission of Truth, that would outline how Selfishness became triumphant, how it has devastated our country, and what we as a community and as a nation must do about this

What’s it like spending two years doing thankless work that, in the end, is going to be ignored by the very people who asked for your services? The members of the Financial Crisis Inquiry Commission have just found out. Their 662 page report is sinking rapidly into oblivion in official Washington, and is now destined to be of interest only to historians. This was fully predictable. The Commission was given a charter by Congress to tell us who, what, when, and where about the financial crisis, but they were not allowed to explain why. To understand why this crisis occurred would be stepping on way too many powerful toes in Washington, and for this reason the Commission was told not to make any policy recommendations to Congress that would help prevent such a crisis from occurring again.

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Crunch time coming for America in the Middle East?

February 2nd, 2011

Alan Hart

If more and more Arabs breach the wall of fear that has prevented them for decades from demanding their rights, expressing their rage at the corruption and repression of their governments and at regime impotence in the face of Israel’s arrogance of power, there’s one question above all others America’s policy makers will have to ask themselves. Who do we need most if America’s own real interests are to be best protected - the Arabs or Israel? And that, of course, begs the mother and father of all questions for them: Is Israel our most valuable ally in the region or our biggest liability?

Eisenhower was the first and last president to contain Zionism’s territorial ambitions. Kennedy might have been the second if he had been allowed to live. But from Johnson to Obama, and whether they really believed it or not (I think most if not all of them didn’t), every American president has paid extravagant lip-service to the idea that Israel is the U.S.’s most valuable ally in the Middle East.

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Memo to Congress: Show Us the M-O-N-E-Y! (Part 1)

February 2nd, 2011

Geraldine Perry

Cuba Gooding Jr. became an overnight sensation when his character, pro football player Rod Tidwell, pithily directed his high-minded but needy agent Jerry Macguire, played by Tom Cruise, to "Show me the money!" Tidwell's terse directive is as practical as it is memorable and luckily for Tidwell, Macguire delivers.

Whether out of extraordinary resolve or sheer desperation, a "show me the money" policy is exactly the course Fed Chair Ben Bernancke is pursuing at full throttle. Faced with the unenviable task of reflating a deflating and uncooperative economy, the Fed opted last fall to take the "easy money" quotient a notch higher by formally initiating a second round of quantitative easing, while tacitly acknowledging the possibility of QE3, QE4, and so on into the undefined future. With Fed Fund rates effectively at or very near zero and a trillion dollars already in reserves, the Fed is in other words doing all it can to get the "credit-as-money" spigot flowing.

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Somebody please hand Abbas the revolver on the silver tray

February 2nd, 2011

Stuart Littlewood

In all our joy and excitement for Egypt let us not lose sight of the grey and sinister blob that is Mahmoud Abbas.

He must be asking himself – fearfully - why he has so far escaped the purge while his bosom-buddies Hosni and Zine are sent packing in disgrace.

Some say Abbas isn’t a bad guy, he just lost his way. Actually there's a long crime-sheet against him, too tiresome to catalogue in detail here.

A founding member of Arafat’s Fatah faction, he won the presidency of the Palestinian National Authority in 2005 in a dodgy and deeply lopsided contest – let’s not dignify it with the word ‘election’ – in which Israel seriously interfered to obstruct other candidates. He has overstayed his term by two years and is widely regarded as having no legitimacy and no popular mandate, yet he’s still propped up by the US and Israel and their hangers-on.

In 2007 he dissolved the Hamas-led unity government and appointed Salam Fayyad prime minister, a move that was almost certainly illegal under Palestinian Basic Law and designed to ensure the disunity and weakness that Israel so badly wanted to see.

He has been further undone by the Wikileaks revelations that the Israeli government "consulted with Egypt and Fatah prior to Operation Cast Lead, asking if they were willing to assume control of Gaza once Israel defeated Hamas".

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Reagan Revisionism: Planned Centennial Commemoration Hoopla

February 2nd, 2011

by Stephen Lendman

A weeklong infomercial followed his death on June 5, 2004, mythology airbrushing truth, including Marilyn Berger in the New York Times, saying:

"To a nation hungry for a hero, a nation battered by Vietnam, damaged by Watergate and humiliated by the taking of hostages in Iran, Ronald Reagan held out the promise of a return to greatness, the promise that American would 'stand tall' again."

Quoting admirers and critics, she called him a "great communicator," a "made-for-television president (who) never lost his boyish charm or his ability to look Americans in the eye and make many feel good about themselves. (He) was a combination of ideologue and pragmatist who could compromise and still appear to be a man of unbending principle."

One of America's best or worst? For supporters, the former. Critics disagree. Judge him by his record, not the hoopla. Typical praise came from made-for-media historians like Michael Beschloss practically elevating him to sainthood, equating him to FDR, saying it's "not too much to suggest that Americans would give similar thanks that they twice elected Ronald Reagan, a President who saw the chance to end the Cold War in his own time" - an event, of course, he had nothing to do with besides being president on the cusp of when it happened.

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This Ain't Ike's Grand Old Party

February 2nd, 2011

by Mary Pitt

As one who was born into the Republican Party almost a century ago, I do not even recognize the party as it exists today. My family hated Franklin Roosevelt as rabidly as the Tea Party hates Obama today. Despite the fact that the nation was deep in the depression before he took office, my parents and their neighbors detested every measure that President Roosevelt took to correct the situation, My father was deeply humiliated when he had to accept the first box of government-distributed food so that his children could eat.

You see, the Republican Party had real principles then. It was not considered a shame to be poor so long as you worked hard and were an honorable person. If you needed something that you could not buy, you offered to work for it. If you could not work, the neighbors would come in and do your work so that you would lose neither your work nor the eventual benefit of what you had worked so hard to accomplish.

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February 2nd, 2011

Allen L Roland

Egypt’s current uprising is a two minute warning for the old world order which controlled the populace by force and US military aid but are now being crushed by growing public dissent and a long simmering desire for true change, individual liberty and political freedom ~ the times are a changing:

    Come gather 'round people
    Wherever you roam
    And admit that the waters
    Around you have grown
    And accept it that soon
    You'll be drenched to the bone.
    If your time to you
    Is worth savin'
    Then you better start swimmin'
    Or you'll sink like a stone
    For the times they are a-changin'.

Bob Dylan / Times They Are A Changing / 1964 http://www.youtube.com/watch?v=mYQZSDOWwww

Revolution is in the air and particularly in the Middle East. The flood waters of discontent as well as the desire for true change is rising throughout the world and that includes the United States. President Obama still does not get that millions of Americans voted for true change in 2008 and saw him as a self proclaimed agent of that change. Instead, Obama has offered token change and has become a champion of the status quo as well as the economic and moral abuses of power that were the trademark of the Bush/Cheney administration and the rapidly decaying old World order.

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Abusing Palestinian Children

February 2nd, 2011

by Stephen Lendman

Israel is an equal opportunity abuser, treating women, old men, invalids, and children like young adults because they're Palestinians, not Jews, so they're fair game, vilified as national security threats or terrorists for wanting freedom, equality, justice and peace.

Numerous previous articles discussed it, several specifically on children, accessed through the following links:



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Where Will It All End?

February 2nd, 2011

By J. Speer-Williams

Our security and freedoms are disappearing ­ while they tell us they must take away our freedoms in order to keep us secure.

Our environment is dying ­ while they tell us they must destroy our environment for us to have food, energy, and industrial products.

Our infrastructure is crumbling ­ while they use our money to destroy foreign infrastructures.

Our money is becoming worthless ­ while they give our money to foreign bankers before it becomes worthless.

Our police are abusing us ­ while they claim our police are serving and protecting us.

Our foods, medicines, and vaccines are killing us ­ while they hide those facts from us.

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