Is The U.S. Economy Being Tanked By Mistake or By Intent? by Bill Sardi

Is The U.S. Economy Being Tanked By Mistake or By Intent?

by Bill Sardi

Recently by Bill Sardi: Who Is Left Holding the Bag on US Debt?

The government wants Americans to believe the greatest economic collapse in history was the result of ineptness and mistakes yet still have confidence in their financial institutions.

Should American bankers be let off the hook because they self-declare, before an investigational panel, that the failure of their newly invented risk swaps and other highly leveraged investment schemes was simply due to “mistakes”? Not malfeasance – just every-day mistakes? Bankers just fell asleep at the helm at a critical juncture in American history. Is that what we are being led to believe?

Oh well, it’s just 18 million American homes that now lay empty in the wake of unprecedented foreclosures, and the bankers have collected obscene bonuses for reckless lending of their depositors’ money. It’s like the captain and crew of a ship saying, not to worry, twenty-percent of the passengers were lost overboard, but this was due to unavoidable mistakes, and then being rewarded with bonuses when they reach port.


FULL ARTICLE

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The United States of Plutocracy

Posted on Sep 8, 2009
By William Pfaff

The United States has for practical purposes been a plutocracy for some years now. American national elections usually function more or less correctly, except that they have become all but completely dominated by money.

The contributors of money to Senate and House campaigns are dominated by the source of that money, and the source of the money is the United States government, which directs it to them as a result of the contracts awarded to them by the House and Senate members whose election they support. The process is circular.

It would be cheaper for all concerned if business were directly to pay senators and representatives and eliminate the middlemen, the parasites who live on the surplus money in this system, paid for their ability to persuade both sellers and buyers (so to speak) that they are providing a service by facilitating the bargain. Elections now cannot take place without them.

There would seem to be two steps by which this rot has taken hold.

The first is change in the legislation originally concerned with the use by broadcasters of the airwaves, a public resource. In 1934 the Federal Communications Commission was established with authority over broadcasts. Being a politically balanced body, it decreed that the public service obligation of the broadcaster included the responsibility to provide balanced information. (The Fox News claim to be “fair and balanced” is a sneering reference to this, no doubt unintentional.)

Full Article

NYTIMES: Adults Spend 8 Hours a Day Spent on Screens, Study Finds

By BRIAN STELTER

IN a world with grocery store television screens, digitally delivered movie libraries and cellphone video clips, the average American is exposed to 61 minutes of TV ads and promotions a day.

Some people may think that amount seems excessive. But “people don’t seem to be getting up and running away,” said Jack Wakshlag, chief research officer at Turner Broadcasting.

In fact, adults are exposed to screens — TVs, cellphones, even G.P.S. devices — for about 8.5 hours on any given day, according to a study released by the Council for Research Excellence on Thursday. TV remains the dominant medium for media consumption and advertising, the study found. The data suggests that computer usage has supplanted radio as the second most common media activity. (Print ranks fourth.)

Full Article

LINK: For Those Who Want To Know

http://www.wanttoknow.info/index.shtml

This website provides a concise, reliable introduction to vital information of which few are aware. We specialize in providing fact-filled news articles and concise summaries of major cover-ups which impact our lives and world. All information is taken from the most reliable sources available and can be verified using the links provided. Sources are always noted, with links direct to the information source provided when possible. The WantToKnow.info team presents this information as an opportunity for you to educate yourself and others, and to inspire us to strengthen democracy and to work together for the good of all.

Did you know that:

  • Twenty leading journalists, including winners of several Emmys and a Pulitzer, have described being prevented by corporate media ownership from reporting riveting stories on major cover-ups.
  • BBC News has exposed plans of the U.S. military to “provide maximum control” of the Internet, as detailed in a declassified secret Pentagon document signed by the U.S. Secretary of Defense in 2003.
  • CBS News report quotes former U.S. Secretary of Defense Rumsfeld, “According to some estimates, we cannot track $2.3 trillion in transactions.” That’s $8,000 for every man, woman and child in America.
  • Government documents released through the Freedom of Information Act show that the top Pentagon generals once approved plans to foment terrorism in major U.S. cities and even kill innocent civilians.
  • Multiple, reliable sources show that you may be eating genetically modified food every day whichscientific experiments have repeatedly demonstrated can cause sickness and even death in lab animals.
  • Detroit’s leading newspaper reported that the 1908 Ford Model T boasted a fuel economy of 25 miles per gallon. Yet 100 years later, the EPA average mileage for all cars is under 21 mpg.
  • A highly decorated US General wrote a book titled War is a Racket, which clearly depicts how he was manipulated and how most wars are waged largely to keep the coffers of certain big corporations filled.
  • The former chief of a prestigious medical journal has revealed that the total profits of the ten drug companies in the Fortune 500 were more than the profits of the other 490 businesses combined.
  • Declassifed CIA documents open to the public leave no doubt that through hypnosis, drugs, and electric shock, secret mind control projects created super spies, terrorists, assassins, and more.
  • More than 50 senior government officials and 100 professors have publicly expressed significant criticism of the 9/11 Commission Report. Many even allege government complicity in the 9/11 attacks.
  • For more highly revealing media articles hidden in plain sight with links for verification, click here.

Note: If you are already aware of these cover-ups, please visit our page which will take you even deeper.

FactsNews – Obama’s Healthcare Plan – A total sham!

images456It has been known for quite some time that Republicans are agaisnt pretty much anything a Democrat has to offer. This is bogus left-right bickering, however I agree with Republicans/Conservatives on this Healthcare Issue. The bill is another complete legislative disaster written by a few lobbyists that takes control away from the people and gives it to Big Brother.

If you visit http://www.yahoo.com this morning, you will find the headline “Obama wrangles with own party over Healthcare“. Why is that important? This means that BOTH parties, Democrats and Republicans are agaisnt Obama’s disasterous Healthcare expansion/reduction bill. How is our democratically elected leader trying to get away with passing a huge healthcare bill that will affect ALL Americans living here and abroad, without the support of EITHER PARTY? At least Bush had the Republicons supporting his tyrranical expansion of surveliance and suppression of rights.

Obama has 0 support for this bill (that we & Congress barely had a chance to read), and it sounds like he is going to get his way… Why doesn’t Obama just abolish Congress and become dictator already, geez. He is already making signing statements that once again his own party disagrees with in regards to foreign aid. Change, meaning “I can do whatever the hell I want cause I got the vote”. Bush cheated in the 2000 & 2004 elections, there is no guarantee that Obama didn’t.

Real concentration camps USA: Our immigrant-detention system is spiraling out of control

By David Neiwert~Crooks and Liars

See Video Here (At Puppetgov)

Jackie Mahendra points out an Associated Press story describing some of the most recent information about how we’re detaining illegal immigrants — and it’s profoundly disturbing:

The U.S. detention system for immigrants has mushroomed in the past decade, creating a costly building boom in an effort to sweep up criminals and ensure that illegal immigrants are quickly deported.

However, an Associated Press computer analysis of the entire detention population on a Sunday night in January found that most did not have a criminal record and many were not about to leave the country soon — voluntarily or through deportation.

A U.S. Immigration and Customs Enforcement database, obtained through the Freedom of Information Act, showed a U.S. detainee population of exactly 32,000 on the evening of Jan. 25.

Of those, 18,690 immigrants did not have a criminal conviction, including for illegal entry or low-level crimes such as trespassing. More than 400 of those with no criminal record had been incarcerated for at least a year. A dozen had been held for three years or more; one man from China had been locked up for more than five years.

Almost 10,000 had been in custody longer than 31 days, the average detention stay.

For an up-close look at what’s going on at these detention centers, check out Breakthrough Media’s incredibly informative site, Homeland Guantanamos, which describes the detention system we’ve created in response to right-wing agitation about illegal immigration. You know, the same right-wingers who are now stewing over non-existent FEMA concentration camps.

The video below also explores the subject in some depth, focusing on the situation in Illinois.

Delusions of a failed democracy

Posted from http://northcountrypublicradio.org/

One of the things I admire most about America’s conservative movement is its longstanding commitment to democratic action.

Many progressives complain about the last two decades of Republican dominance — in Washington, in many state capitals, and in the media.

But those center-right gains came in large part thanks to grassroots activism, relentless organizing, and devout commitment to some core ideas.

Which is why recent trends within the GOP (and conservative groups allied with the GOP) are so troubling.

While many Republicans accept recent Democratic gains for what they are — evidence of their own shortcomings and the natural give-and-take of a healthy democracy — a growing number of conservatives are raising the specter of conspiracy.

– Some Republicans have continued to hint that Barack Obama may not be an American, pointing to discredited claims about the authenticity of his birth certificate. Others continue to suggest that he may be a closeted Muslim.

-Conservatives have continued to suggest that progressive ideas (about the economy and foreign policy) are foreign or “European,” implying that they reflect an external threat to our society.

(This point is ludicrous for two reasons. First, because progressivism has a long history in American politics; second because conservatives rely on foreigners for many of their core ideas.)

-Pundits like Fox’s Glenn Beck continue to talk about “losing” their country and feeling “surrounded” by liberals.

Beck suggested recently that “political correctness” led to the recent shooting rampage in Alabama.

“But as I’m listening to him [the mass-murderer], I’m thinking about the American people who feel disenfrachised right now,” Beck said in an interview with Fox’s Bill O’Reilly.

-Similarly, conservatives have staged anti-big government “tea parties,” suggesting that their struggles are akin to those of the American colonists, who suffered taxation “without representation.”

-A growing number of conservatives, including Rep. Ron Paul, have suggested that the Obama administration is part of the “Bilderberger” conspiracy, which aims to subvert American democracy and replace it with a world government.

-Many Republicans have suggested that widespread voter fraud essentially discredits the last two election cycles, pointing to the activism of groups such as ACORN. These claims have been thoroughly debunked.

Yes, voter fraud occurs. No, it does not occur on a scale that tips elections.

-Finally, conservatives insist that their ideas have been discounted wholesale by a biased mainstream media. This claim ignores the existence of Fox News, the conservative dominance of talk radio, and the powerful influence of conservative newspapers such as the Wall Street Journal.

The reality, of course, is that America just held an election, in which the candidates were given an exhaustive hearing by the media and fair treatment at the ballot box.

Americans should be proud of the fact that we are represented by the most stable, durable, and credible democratic systems every created.

(Our political system is far more fair, transparent, and honest that it was even a couple of decades ago.)

That system will eventually produce more conservative leadership. (And, cyclically, those conservative governments will also give way to future progressive governments.)

But the revitalization of the Republican Party won’t be helped or hastened by Chicken Littles, who claim that their failures at the ballot box are the product of secret cabals or shadowy conspiracies.

posted by Brian Mann @ 3/15/2009 10:29:00 AM