Robert L. Borosage
Posted September 23, 2008 | 02:21 PM (EST)
It’s gut check time.
The attempt by Treasury Secretary Paulson to put a gun to the head of Congress and terrify them into forking over a $700 billion blank check to the Bush administration in 48 hours has failed. Now what?
Most Americans would just as soon the [...]
By James K. Galbraith & William K. Black
September 23, 2008
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Congress Is Resisting the Bailout Plan Now, But Wall Street Will Do Anything to Get Its Way
By Nomi Prins,
After a day of debate, a few bumps in the road to passing Paulson’s $700 billion bailout package emerged. Paulson and Bernanke want a rush job. Democrats want more oversight and Main Street oriented provisions. Republicans [...]
Wall Street put a gun to the head of the politicians and said, Give us the money–right now–or take the blame for whatever follows. The audacity of Treasury Secretary Henry Paulson’s bailout proposal is reflected in what it refuses to say: no explanations of how the bailout will work, no demands on the bankers in [...]
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Robert Fisk’s World: Why does the US think it can win in Afghanistan?
Poor old Algerians. They are being served the same old pap from their cruel government. In 1997, the Pouvoir announced a “final victory” over their vicious Islamist enemies. On at least three occasions, I reported – not, of course, without appropriate cynicism – [...]
The current financial crisis facing our country has been caused by the extreme right-wing economic policies pursued by the Bush administration. These policies, which include huge tax breaks for the rich, unfettered free trade and the wholesale deregulation of commerce, have resulted in a massive redistribution of wealth from the middle class to the very [...]
Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has [...]
For the first time in this unfolding financial crisis, I felt personally scared by the news. Not about my money, but about the potential for catastrophe. The Federal Reserve’s lightning rescue of AIG has the smell of systemic fear. The house of global finance is on fire and everyone is running for the exits, no [...]
America must move from the errant, retributive justice of 9/11 to a healing, restorative process of truth and reconciliation.
By Dennis Kucinich
9/11: The Truth Can Move Us Forward
September 11
Rep. Dennis J. Kucinich: We suffer not only from the loss of innocent life on 9/11, but because the attacks became the rationale for an unjust war. [...]
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