PENTAGON SCORES A BIGGER RIP-OFF THAN BAILOUT
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- WhiteNoise
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With All Eyes on the Bailout, House Passes Trillion-Dollar Defense Bill
$$$$$$$$$$$$$$$SHOCKING
IT'S EMPIRE BUILDING, NOT DEFENSE SPENDING ! http://www.alternet.org/waroniraq/100524/
The legislation came together in a remarkably secret process that concentrated decision-making power in the hands of a few lawmakers.
In keeping with the tradition of recent years, Bush held a gun to his own head and threatened to pull the trigger if his demands weren't met. According to the AP ;To earn President Bush's signature rather than a veto, House and Senate negotiators dropped several provisions he opposed. They include a ban on private interrogators in U.S. military detention facilities and what would have amounted to congressional veto power over a security pact with Iraq.
ALSO...
THE WAR ECONOMY
http://pr.thinkprogress.org/
Congress and the administration are embroiled in contentious talks over on the details of a $700 billion infusion into the financial system, intended to restore liquidity and maintain the flow of credit. But the talks stalled yesterday. "It was an implosion that spilled out from behind closed doors into public view in a way rarely seen in Washington," the New York Times observed. Tonight, Sens. Barack Obama (D-IL) and John McCain (R-AZ) are scheduled to debate foreign policy matters in Oxford, MS. While the subject matter seems disconnected from the situation in financial markets, prescient economists predicted this fall-out from the Iraq war long ago. In 2002, Gerd Hausler, director of international capital markets at the IMF, said that "a serious conflict with Iraq would not be a very healthy development; for the financial markets. Robert Shapiro, undersecretary of commerce in the Clinton administration stated, If the [Iraq] conflict wears on or, worse, spreads, the economic consequences become very serious." The debt was $5.7 trillion when Bush took office; it will be $10.3 trillion by the time he leaves. While Congress hesitates to appropriate $700 billion for the financial crisis, the administration still is pouring $12 billion a month into Iraq, also raising the question of how the Iraq war funds could be spent better at home.
IRAQ RECESSION?: A significant reason for the current $9.6 trillion federal debt has been the Iraq war, which the U.S. largely financed through borrowing. This week, President Bush said that the crisis began after "a massive amount of money flowed into the United States from investors abroad because our country is an attractive and secure place to do business," which led to easy credit and to the housing bust. But the problem isn't simply one of excessive foreign investment because of businesses. "It's that the U.S. had to borrow money from foreign nations at an alarming rate, after it dug itself into debt paying for the Iraq War while cutting taxes," The Wonk Room observed. Thus, the United States had to turn to investment from abroad for financing. This, as well as lax regulation and oversight of Wall Street contributed to the credit troubles. Currently, 45 percent of Treasury securities are owned by foreign nations, with the most owned by China and Japan. Other nations owned less than 20 percent of these securities as recently as 1994. Bush left out of his assessment the fact that much of the foreign investment went to finance a war and his tax cuts.
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WhiteNoise
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"We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light." – Plato
- 2 years ago
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WhiteNoise
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WhiteNoise
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America Is Completely Broke, And Here We Are Funding Fantasy Wars at the Pentagon
By Chalmers Johnson, Tomdispatch.com. Posted February 3, 2009.Americans don't usually think of the Pentagon as a scam operation -- but it's never to late to wake up and smell the rip-off. http://www.alternet.org/workplace/124881/
Given our economic crisis, the estimated trillion dollars we spend each year on the military and its weaponry is simply unsustainable. Even if present fiscal constraints no longer existed, we would still have misspent too much of our tax revenues on too few, overly expensive, overly complex weapons systems that leave us ill-prepared to defend the country in a real military emergency. We face a double crisis at the Pentagon: we can no longer afford the pretense of being the Earth's sole superpower, and we cannot afford to perpetuate a system in which the military-industrial complex makes its fortune off inferior, poorly designed weapons.
- 3 years ago
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WhiteNoise
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pokesmot
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AAAAHHHHHHHHHHHHHHHGGGGGGGGGGGG!
- 3 years ago
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pokesmot
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PlatoTacius
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The corporatocracy and the master elite could care less about the planet or the people thereon. They only care about manipulating this world to benefit their needs. they employ the use of EMPIRE BUILDING to con other countries into selling their souls so they, the elitists, can rape and pillage all of the natural resources, so that they can remain on their high horses, looking down on the rest of the world...
WhiteNoise and others on this site, you are intense... keep bringing on the truth and the light, eventually the masses will see and understand...
- 3 years ago
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PlatoTacius
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nkeg87
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The more and more I look...the more and more it looks like Bush is trying to screw the country before vacating the WH...
- 3 years ago
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nkeg87
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pokesmot
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nkeg87:
it is done!
- 3 years ago
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pokesmot
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WhiteNoise
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Tomgram: Chalmers Johnson, The Pentagon Bailout Fraud
Let's start with the money the Bush administration has already thrown at the war in Iraq. According to the June congressional testimony of William Beach, director of the Center for Data Analysis, the war has cost $646 billion so far. The new defense budget for 2009 tacks on another $68.6 billion for Iraq and Afghanistan in the coming year. However, military expert Bill Hartung of the New America Foundation puts a conservative estimate of the costs of a single week of the Iraq War at approximately $3.5 billion (or about $180 billion a year).
In other words, the war in Iraq will cost far more in the next year than the Iraq portion of that $68.6 billion Congress is about to pony up in the defense budget, and so will be funded, as has long been true, through supplemental war bills submitted by the Bush administration (and then whatever administration follows). In other words, sometime in 2009 the direct costs of the war the Bush administration once predicted would cost perhaps $50-60 billion in total will stand at more than $800 billion, or $100 billion above the cost (if all goes well, which it won't) of the bailout of the financial system now being proposed in Washington.
Estimates of the true long-term costs of the President's war of choice, including payments of health care and veterans benefits into the distant future, soar into the budgetary stratosphere. They range from the Congressional Budget Office's $1-2 trillion to an estimate by economists Joseph Stiglitz and Linda J. Bilmes of up to $4-5 trillion. So we're talking somewhere between one-and-a-half and seven bailouts-worth of taxpayer dollars flowing into the morass of disaster, corruption, and carnage in Iraq.
As Chalmers Johnson, author most recently of Nemesis: The Last Days of the American Republic, the final volume of his Blowback Trilogy, has pointed out for years, the Pentagon, the military-industrial complex, and America's wars are in the process of bankrupting us. How strange then that, as he indicates below, no one in the mainstream even blinks when a staggering new Pentagon budget sails through the House of Representatives and then, by voice vote, through the Senate just as negotiators in Washington are scrambling to find a similar sum to deal with a catastrophic financial meltdown; nor does anyone in the mainstream bother to make any connection between that budget and the funds we don't have available to use elsewhere, or between the looting of Iraq and the looting of our financial system (and, in both cases, of course, the looting of the American taxpayer). Tom
http://www.tomdispatch.com/post/174982/chalmers_johnson_the_pentagon_bailout_fra...
- 3 years ago
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WhiteNoise
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csmonut
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"In keeping with the tradition of recent years, Bush held a gun to his own head and threatened to pull the trigger if his demands weren't met."
Somebody please!!!! Don't meet his demands!!!
- 3 years ago
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csmonut
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WhiteNoise
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* TOP 25 CENSORED STORIES FOR 2009 *
http://current.com/items/89327026_top_25_censored_stories_for_2009 - 3 years ago
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WhiteNoise
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WhiteNoise
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...and I would add : let's keep on educating each other via the web since the 4th estate has betrayed us so badly...
"There is no such thing, at this date of the world's history, in America, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty four hours my occupation would be gone. The business of the Journalist is to destroy truth; To lie outright; To pervert; To vilify; To fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it and what folly is this toasting an independent press? We are the tools and vassals for rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes." - John Swinton, the former chief of staff of the New York Times, called by his peers, "The Dean of his profession," in a speech at the New York Press Club.
"Our job is to give people not what they want, but what we decide they ought to have." – Richard Salant, former President of CBS News
"The mass media is itself part of the same power structure that plunders the planet and inflicts human rights abuses on a massive scale" – David Cromwell
"None are more hopelessly enslaved than those who falsely believe they are free. The truth has been kept from the depth of their minds by masters who rule them with lies. They feed them on falsehoods till wrong looks like right in their eyes."
- Johann Wolfgang von Goethe - 3 years ago
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WhiteNoise
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onechance
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WhiteNoise:
I LOVE all those quotes... Even though they are incredible depressing. Keep on keepin on good people. At least we can see through their lies. That's a start.
- 3 years ago
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onechance
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uppityprogressive
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I think we need to start thinking and planning for how we will respond if there is marshal law imposed after the stolen election of 08.
If I could be confident of a clean and fair election, I would not worry, but I can not sleep. I am working, writing, talking, volunteering and even working at the polls. The Democratic candidate is as strong as there ever was a candidate, even if he has the race handicap, if the election was fair, it would be a landslide. People know it and if it is lost they will know it is stolen.
Military deployment begins for the first time since the civil war on the streets of America on October 1st, in case of "civil unrest". Republican hate talkers are broadcasting fear of race riots if Obama looses, police are already militarized as we saw around the GOP convention.
It is not enough to say "but we have guns" because, as after Katrina, Blackwater came in and took those guns away 1st thing, During the GOP convention the reporters with cameras were arrested first. There still remains a "no fly zone" over Texas after Ivan.
How will we respond if it is stolen and our streets are militarized?
I say we just stop. Stop shopping, driving, working and moving. Bring the corporate machine to a grinding halt. Stock up now and tell your friends.
- 3 years ago
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uppityprogressive
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regjoeschmo
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Classic bait and switch!!
- 3 years ago
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regjoeschmo
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rvmedia
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Interesting post...would love to see the candidates grilled on this one after their votes: "On Wednesday, the House passed a mammoth defense bill by a 392-39 vote. It's expected to clear the Senate with little difficulty next week."
So will McCain and Obama vote for or against it?
- 3 years ago
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rvmedia
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onechance
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Wow man. That was some WORK. Thanks. I'll be passing this on as well... Thanks
- 3 years ago
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onechance
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SeaJade
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Once again I thank you for this compilation - will pass it forward to those beyond current.
- 3 years ago
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SeaJade
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WhiteNoise
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"It is genuinely incredible. The U.S. Treasury is empty, we are losing that stupid, fraudulent chickencrap war in Iraq, and every country in the world except a handful of corrupt Brits despises us. We are losers, and that is the one unforgivable sin in America."
"Beyond that, we have lost the respect of the world and lost two disastrous wars in three years. Afghanistan is lost, Iraq is a permanent war zone, our national economy is crashing all around us, the Pentagon's ‘war strategy’ has failed miserably, nobody has any money to spend, and our once-mighty U.S. America is paralyzed by mutinies in Iraq and even Fort Bragg."
"The American nation is in the worst condition I can remember in my lifetime, and our prospects for the immediate future are even worse. I am surprised and embarrassed to be a part of the first American generation to leave the country in far worse shape than it was when we first came into it. Our highway system is crumbling, our police are dishonest, our children are poor, our vaunted Social Security, once the envy of the world, has been looted and neglected and destroyed by the same gang of ignorant greed-crazed bastards who brought us Vietnam, Afghanistan, the disastrous Gaza Strip and ignominious defeat all over the world. The stock market will never come back, our armies will never again be No. 1, and our children will drink filthy water for the rest of our lives. Big Darkness Come Soon" - Hunter "Gonzo" Thompson / the day before he left us...
- 3 years ago
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WhiteNoise
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kDrew_Productions
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The piece I did called "Big Media Fails Again" (link above) a couple of years back Current bought, then refused to air.
There's more to this than just the right wing, I'm with you.Keep talking... eventually people will listen, and hear.. they have to.
- 3 years ago
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kDrew_Productions
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WhiteNoise
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THE MIGHTY WURLITZER SPEWS UPON.A NATION OF VILLAGE IDIOTS ?..
At least 22 American news organizations had employed American journalists who were also working for the CIA, and nearly a dozen American publishing houses printed some of the more than 1,000 books that had been produced or subsidized by the CIA. When asked in a 1976 interview whether the CIA had ever told its media agents what to write, William Colby replied, Oh, sure, all the time !
PS : Check out Carl Bernstein's 1970s Rolling Stone article on the CIA's stranglehold on the US media, which has gotten far worse since then:
http://tmh.floonet.net/articles/cia_press.htmlCIA Instructions to Media Assets
http://192.220.64.45/collections/assassinations/jfk/cia-inst.htm"The media is not influenced by the CIA - the media is the CIA." -Robert Lederman http://www.konformist.com/2000/bush-dictator.htm
Look who the corporate media is today. The beneficiaries of 9/11; the biggest beneficiaries have been Lockheed Martin, Northrop Grumman, the Carlyle Group, Boeing, Halliburton, the military industrial contractors, each of those have had 300 to 400 percent increase in their stock value in the last five years, and when we look at those groups and the memberships of their boards, Carlyle has someone sitting on the New York Times board, Bechtel sits on NBC, Boeing sits on ABC, Halliburton sits on ABC, Lockheed Martin sits on Gannett. They're interconnected; - Peter Phillips / Project Censored
TOP 25 CENSORED STORIES FOR 2009
http://current.com/items/89327026_top_25_censored_stories_for_2009"A cynical, mercenary, demagogic press will produce in time a people as base as itself": Joseph Pulitzer
- 3 years ago
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WhiteNoise
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WhiteNoise
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Number Of Iraqis Slaughtered Since The U.S. Invaded Iraq "1,284,105"
http://www.justforeignpolicy.org/iraq/iraqdeaths.html
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Number of U.S. Military Personnel Sacrificed (Officially acknowledged) In America'sWar On Iraq 4,196
http://icasualties.org/oif/
The War And Occupation Of Iraq Costs
$570,865,021,154
See the cost in your community
http://nationalpriorities.org/index.php?option=com_wrapper&Itemid=182"We are watching a poorly staged rendition of Wag the Dog , interpreted for the morbidly stupid and performed by the criminally insane." - Jules Carlysle
- 3 years ago
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WhiteNoise
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WhiteNoise
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IRAQ FOR SALE: THE WAR PROFITEERS
http://freedocumentaries.org/theatre.php?filmid=130&id=926&wh=1000x720NO END IN SIGHT
http://freedocumentaries.org/theatre.php?filmid=184&id=1066&wh=1000x720WHY WE FIGHT
http://freedocumentaries.org/theatre.php?filmid=93&id=920&wh=1000x720THE $3 TRILLION WAR : After wildly lowballing the cost of the Iraq conflict at a mere $50 to $60 billion, the Bush administration has been concealing the full economic toll. The spending on military operations is merely the tip of a vast fiscal iceberg. - by Joseph E. Stiglitz and Linda J. Bilmes / Vanity Fair April 2008
MASTERS OF WAR
by Bob Dylan / 1963Come you masters of war
You that build all the guns
You that build the death planes
You that build the big bombs
You that hide behind walls
You that hide behind desks
I just want you to know
I can see through your masksYou that never done nothin'
But build to destroy
You play with my world
Like it's your little toy
You put a gun in my hand
And you hide from my eyes
And you turn and run farther
When the fast bullets flyLike Judas of old
You lie and deceive
A world war can be won
You want me to believe
But I see through your eyes
And I see through your brain
Like I see through the water
That runs down my drainYou fasten the triggers
For the others to fire
Then you set back and watch
When the death count gets higher
You hide in your mansion
As young people's blood
Flows out of their bodies
And is buried in the mudYou've thrown the worst fear
That can ever be hurled
Fear to bring children
Into the world
For threatening my baby
Unborn and unnamed
You ain't worth the blood
That runs in your veinsHow much do I know
To talk out of turn
You might say that I'm young
You might say I'm unlearned
But there's one thing I know
Though I'm younger than you
Even Jesus would never
Forgive what you doLet me ask you one question
Is your money that good
Will it buy you forgiveness
Do you think that it could
I think you will find
When your death takes its toll
All the money you made
Will never buy back your soulAnd I hope that you die
And your death'll come soon
I will follow your casket
In the pale afternoon
And I'll watch while you're lowered
Down to your deathbed
And I'll stand o'er your grave
'Til I'm sure that you're deadCopyright 1963; renewed 1991 Special Rider Music
- 3 years ago
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WhiteNoise
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WhiteNoise
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PAYING FOR $700 BILLION: The rhetoric used in justifying giving a $700 billion blank check to the administration mimics the arguments used to justify the Iraq war. "Money will flow back to the Treasury as these assets are sold, and we expect that much, if not all, of the tax dollars we invest will be paid back," President Bush said on Tuesday. "The government could make 10 or 20 times what it pays on this, possibly," Sen. Norm Coleman (R-MN) said this week. Similarly, Iraq war architect Paul Wolfowitz remarked in 2002, "We are talking about a country that can really finance its own reconstruction and relatively soon." "[T]he negative effect will be quite small relative to the economic benefits," said White House economic adviser Lawrence Lindsey. As economist Paul Krugman wrote, "The premise of the Paulson plan -- though never stated bluntly -- is that these assets are hugely underpriced, so that Uncle Sam can buy them at prices that help the financial industry a lot, without big losses for taxpayers. Are you prepared to bet $700 billion on that premise?" "Both the $200 billion surge and the proposed $700 billion bailout are emblematic of a failed conservative ideology," writes the Center for American Progress's Matt Duss today.
ACHIEVING BIN LADEN'S GOAL: As Congress stalls on whether to appropriate $700 billion, exploding the deficit and handicapping the next administration, it's hard not to notice that this sum closely resembles the amount that the United States has spent thus far in Iraq. This is Osama bin Laden's very strategy: entangling the United States abroad and plunging the country into economic turmoil. In 2004, he remarked that his "bleed-until-bankruptcy" plan was seeing "evidence of the success." "And it all shows that the real loser is...you. It's the American people and their economy," he added. Lawmakers are cognizant of bin Laden's plan. The Iraq war "has weakened our national economy -- which is what bin Laden did to the Soviets in the 1980's and has expressly set out to do to us," said Sen. Russ Feingold (D-WI) this month. "I think Osama bin Laden is sitting back right now looking at this thing [and saying] in effect, 'We're kinda bankrupting this country," Sen. George Voinovich (R-OH) remarked in April. The United States will have spent at least $3 trillion regardless of who the next president is, according to Nobel Prize-winning economist Joseph Stiglitz
THE GREATEST THEFT IN THE HISTORY OF HUMANKIND
http://current.com/items/89330596_the_greatest_theft_in...THE FINANCIAL MELTDOWN EXPLAINED ! http://current.com/items/89322147_the_financial_meltdow...
.“When will the American people actually vote to give to the world more than bombs and missiles, sweatshops, dubious science, frankenfood, poverty and misery?” - Cynthia McKinney
- 3 years ago
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WhiteNoise
