Afternoon Reading List
By Barry Ritholtz - September 30th, 2009, 4:54PM
Items of note worth reading:
• Best Quarter Since ’98 for Dow (WSJ) And the Dow only had to get cut in half to make it happen!
• Should Volcker be Fired? (Brown Brothers Harriman)
• Greenspan Sees Growth Slowing as Stocks ‘Flatten Out’ (Bloomberg) Greenie Bearish? I am tempted to say this is a bullish indicator!
• Martin Wolf: Why narrow banking alone is not the finance solution (FT)
• Rebuilding Our Economic Engine (Dow Jones Market Talk)
• American history of the automobile and car salesman (The Believer)
• US giant bunker-buster bomb project rushed since Iran’s Qom site discovered (Debka)
What are you reading?
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September 30th, 2009 at 4:13 pm
The history of the auto is a weird and interesting piece
September 30th, 2009 at 4:59 pm
How’s about – breaking news so I don’t have a link.
Saturn Deal Goes South; Penske Automotive Group Ends Talks With GM
September 30th, 2009 at 4:59 pm
“Should Volcker be Fired”, By Brown Brothers Harriman? Not exactly an impartial observer, are they? Let the Wall Street smear campaign against Volcker begin.
The Newsmax Military coup article is so stupid and vile as to not even comment on it.
September 30th, 2009 at 5:05 pm
Josh Marshall’s Talking Point Memo grabbed the full text of that Newsmax column — it ran and then was quickly pulled down from Newsmax.
Weird. The full text of John L. Perry’s column suggests that a military coup is becoming more possible and is a not unrealistic way to “resolve the Obama problem.”
The irony of anyone suggesting assassination and/or violent Coup to “restore and defend the Constitution” is beyond my understanding. I cannot figure out what is wrong with these people, other than they appear to be very sore losers . . .
September 30th, 2009 at 5:06 pm
http://www.cnbc.com/id/33094878
September 30th, 2009 at 5:09 pm
@BR: You hit the nail on the head. I remind my brother, who was telling me all was fine in the GOP all the way up until the ’06 elections (while I was informing him otherwise), that very thing every day these days, it seems. Sore, hysterical (and often ignorant) losers who can’t handle the fact that they deserved to lose power. It’s one thing for some clown to do a vile Facebook poll on Obama, but another for some supposedly well respected pundits on the right wing to openly discuss these things. It’s almost surreal watching this mass temper tantrum continue unabated, and actually gain momentum. It’s GOP vs. Clinton X 100. Despicable.
September 30th, 2009 at 5:13 pm
Your buddy Ratigan must be reading some of the comments at TBP.
http://articles.moneycentral.msn.com/video/default-ap.aspx?cp-documentid=4c6a1705-a0db-47ac-a960-26784c02880b%26tab=MSNBC
September 30th, 2009 at 5:17 pm
Reading “The Psychology of Crowds” Gustave LeBon see full PDF here…
http://socserv.mcmaster.ca/econ/ugcm/3ll3/lebon/Crowds.pdf
September 30th, 2009 at 5:28 pm
@Barry
On the coup article: This is why, despite not having much time to joust with the commentators, I never miss the blog. I would never have noticed this had I not visited the site. Thanks!
September 30th, 2009 at 5:32 pm
Manny – I agree, and it’s frightening. Watching the nation apparently start to fracture. One has to hope that this is mostly the lunatic fringe.
September 30th, 2009 at 5:33 pm
I was struck by this comment by Brad DeLong:
“And it is by asset prices that the banking-sector support policies should be judged. The right way to look at monetary and financial policy is that it has, ever since 1825, been focused on manipulating asset prices: the central bank buys and sells and guarantees and regulates and subsidizes and nationalizes with an eye toward pushing the prices of financial assets to levels where businesses seeking to raise capital to build capacity and households seeking to spend out of wealth together can issue new assets and so access enough money to push their spending to a level that gets the economy to full employment, or at least out of depression. The policies are always sold as opaque technocratic adjustments to the “money stock” or to a “federal funds interest rate” that real people do not see and is of concern only to bankers. But the policies are and always have been truly aimed at manipulating asset prices. We may believe in a market economy. But since 1825 we have also believed that asset prices are too important to be left to the market to determine when their free market levels produced either depression unemployment or runaway inflation.”
http://delong.typepad.com/sdj/2009/09/generating-a-robust-recovery.html
September 30th, 2009 at 5:36 pm
Frightening, truly frightening. But Simon Johnson was right, the coup already happened, The Quiet Coup, and that’s why you see Bernanke and Geithner in their respective positions.
The right wing nut-jobs are out in force just now, the health care town hall meetings were a bad idea, and played into their hands completely – the timing of the health care debate was poor.
Obama should have waited until Wall Street had thrown the country under a bus again, rather than try to push through something like a national health system during the Summer of Love, after the Spring of Green Shoots.
The neocons in this country absolutely terrify me. It is also alarming that people in the US see Crony Capitalism and misinterpret it as s*cialism.
September 30th, 2009 at 5:45 pm
http://www.thetruthaboutcars.com/quote-of-the-day-urban-cowboy-rip/
Quote of the Day: Urban Cowboy RIP?
“Ford, for example, sold 939,000 of its industry-leading F-Series pickup in 2004. This year, through August, the company had sold just 261,000.”
…The domestic auto industry looks as though it will barely survive, even with the benevolent hand of the government. The number quoted above is just 28% of the trucks sold 5 years ago.
B in T
September 30th, 2009 at 5:50 pm
BR, Ken Lewis out at B of A to “spend more time with his family”. Probably made a deal with the DA and DoJ. Another criminal who will be living in luxury.
http://news.yahoo.com/s/ap/20090930/ap_on_bi_ge/us_bank_of_america_lewis;_ylt=Ajv5sqSu992NhYNzhYvPMwIGw_IE;_ylu=X3oDMTFiZjh1aDV2BHBvcwMxBHNlYwN5bl9icmVha2luZ19uZXdzBHNsawNicmVha2luZ25ld3M-
September 30th, 2009 at 5:56 pm
Here is a good one, BR, Janet doesn’t mince words.
http://www.tavakolistructuredfinance.com/Fraud.pdf
September 30th, 2009 at 6:01 pm
http://online.wsj.com/article/SB125424963214850111.html
Falling Tax Revenues Slam States
“The steep declines show how the recession continues to cripple state finances, despite support from the federal stimulus package and signs of a nascent recovery in economic activity.
“This brings really bad news for almost every single state and leaves them with unprecedented budget crises,” said Lucy Dadayan, a senior policy analyst with the Nelson A. Rockefeller Institute of Government at the State University of New York.”
…Just a matter of time before the Governator is back on page 1. And the Cali legislature. And IOU’s. And so forth…
September 30th, 2009 at 6:13 pm
BnT:
States can’t tax their way out of the mess either. States must layoff and cut back total employee benefits. This, IMO, will cause the next leg down for the public economy. Most state employees wont ever get such an easy and well paid job. Also, there are a lot of people that work for the gov because they have health issues in which private health insurers would decline coverage.
September 30th, 2009 at 6:14 pm
This is bizarre, Saturn’s early cars were the best thing GM did in the last 20 years, I had one and it was terrific.
http://finance.yahoo.com/news/GM-to-shut-down-Saturn-after-apf-1669090380.html?x=0&sec=topStories&pos=1&asset=&ccode=
September 30th, 2009 at 6:17 pm
Falling Tax Revenues Slam States
This is why we are in the Positive Feedback Loop for the Depression states, while the rest of the country limps along with a regular old recession. This is why Krugman pushed so hard for large stimulus to interrupt the loop.
It is going to be a rough winter. Sooner or later the axe is going to fall on some high-paid jobs, and those people own high end real estate, and stocks, which will have to be liquidated.
September 30th, 2009 at 6:26 pm
Krugman, short note on the liquidity trap. For once, I agree with the Laureate.
http://krugman.blogs.nytimes.com/2009/09/30/does-unconventional-monetary-policy-solve-the-zero-bound-problem/
September 30th, 2009 at 6:30 pm
Half-price time coming to the high end? Should this regrettable trend arrive in Manhattan or Fraudfield County, LB will be forced to weep, weep, for those homeowners who paid too much…
http://lansner.freedomblogging.com/2009/09/30/bids-open-on-coto-villa-at-45-million-discount/38055/
September 30th, 2009 at 6:39 pm
You’ll love this one. Your favorite Charlie Gasbag on Lewis:
http://articles.moneycentral.msn.com/video/default-ap.aspx?cp-documentid=4c6a1705-a0db-47ac-a960-26784c02880b%26tab=MSNBC
~~~
BR: Bad link
September 30th, 2009 at 6:40 pm
Make “Lord of the Flies” required reading or viewing again, for everybody. Even in the South.
http://www.ritholtz.com/blog/2009/08/first-draft/
Republicans = The Choir
Keep up the good work, Ritholtz. I don’t know how you can keep fighting the good fight. Like franklin420d’s “rich get richer” trade in our fantasy football league, the fragility of civilization is beyond my control, so I return to focus on my fashion-forward self.
Good luck.
The Great CNBC Sucks
America’s Favorite Registered Republican
September 30th, 2009 at 6:44 pm
Shades of Smedley Darlington Butler all over again; first a threatened coup against FDR and now Obama. I advised an associate to read some of the works of Remarque that follow Germany in the 1920s. Tea Parties, threats of armed violence, scapegoating, it’s deja vous all over again.
September 30th, 2009 at 6:44 pm
Leftback – your state tax rev article from the WSJ states the following:
<>
Is this a surprise or new news? Nope and Nope.
Why are you so pathologically negative? Are you a happy person? Where is YOUR money invested?
September 30th, 2009 at 6:56 pm
@manny, thor and leftback
i fear things will get much worse. america’s reserve of stupid far exceeds that of any industrialized nation. lefty hit the nail on the head with this: “It is also alarming that people in the US see Crony Capitalism and misinterpret it as s*cialism.”
September 30th, 2009 at 7:08 pm
@lb: But doesn’t it fit that in our “Golden Era of Incompetence & Fraud” the best cars GM made will actually be discontinued? Makes perfect sense to me in this bizarre time period.
September 30th, 2009 at 7:09 pm
If the link regarding Volcker from BBH is actually representative of that firm’s management, they will be out of business within a decade.
Continually chanting, “Go USA, Go USA, Go USA” will not save the dollar, nor will it forestall BRIC from creating alternate vehicles to Treasuries and/or thinking about other products to act as currency reserves.
BBH has had a good run…maybe that should just shut the firm down, cash in their chips and transfer their capital to someone with a clear head to manage.
As an aside, only a shop like BBH, which is run by folks who never had to earn their money, but rather inherited it, could be so friggin stoopid.
~~~
BR: That was I linked to it — I am constantly cheerleading Volcker, because he was, well, the man.
I’ll take tall Paul over this pissant anyday!
September 30th, 2009 at 7:19 pm
barry, will you please tell your spam demon to quit snatching my post.
~~~
BR: No soup for you. Come back one year
September 30th, 2009 at 7:20 pm
drop moodys…into a volcano?
http://www.newsweek.com/id/216486
September 30th, 2009 at 7:21 pm
Alan Grayson at it again, this time hammering the GOP on their healthcare “plan”:
“Don’t get sick
but
“If you do get sick, die quickly”
LOL. President O can learn a thing or two from this guy about chutzpa and toughness.
http://www.huffingtonpost.com/2009/09/30/alan-grayson-republicans_n_303996.html
September 30th, 2009 at 7:21 pm
A military coup in America?? The minute I see tanks rolling down my street, our constitution and nation are history. I do not believe that most of our fine soldiers and officers would go along with this.
September 30th, 2009 at 7:23 pm
Thor@6:47 – i hear you bro’ maybe lefty had retired early this pm.
September 30th, 2009 at 7:23 pm
Where is the SEC-type body to regulate the Military-Idustrial-News Complex?
Qom just discovered? Please!!!!!!! The U.S. has known something was being built since ground was broken – they just didn’t know what exactly it was. But since Iran lived up to its bargain with the IAEA and thus is in keeping with the Non-Proliferation Treaty, admitted to a new non-online facility more than 6 months prior to it being operational, and is allowing U.N. inspectors in to inspect the facility, it takes the oomph! from the histrionics of the war party’s cry of foul.
If we don’t recapture this country from the endless war crowd, we may as well elect Sarah the next President and let Intelligent Design run its course…
September 30th, 2009 at 7:34 pm
Fuck
September 30th, 2009 at 7:44 pm
Tell us how you really feel Bubba. Are you using any of the flagged words in your posts?
September 30th, 2009 at 7:47 pm
Ken Lewis finally got canned. I wonder if his severance package gets reviewed by the US pay czar. I wonder how it compares to Stan O’Neal’s???
September 30th, 2009 at 7:48 pm
@leftback,
“The neocons in this country absolutely terrify me.”
The fact the neocons still have any influence whatsoever over foreign policy is baffling – until you realize that the MSM and the Pentagon have merged – so information (propaganda) is now controlled by Neo-Tass and Pravda. And, of course, as part of the Military-Industrial-News Complex, they all favor the long war, the longer war, and the endless war.
September 30th, 2009 at 7:55 pm
Penske just walked away from the Saturn purchase from GM – a few thousand more jobs go bye bye – another billion or few from Uncle Sugar for the bankrupt “NEW” GM.
Renault supposedly walked away from the deal to supply the new Penske/Saturn with vehicles.
Ummm, I think this makes the Fiat/Chrysler deal look shakier. Nobody really wants Chrysler, they just waiting to pounce on the Jeep line – nameplate anyway.
September 30th, 2009 at 8:08 pm
NEW YORK – Former UN weapons inspector Scott Ritter warned Tuesday against the “politically motivated hype” over Iran’s nuclear program.
“The Obama administration has come to a preordained conclusion that there’s nothing that can be done about Iran’s nuclear program, that Iran either has to get rid of it all, or there’s nothing to discuss about. That’s not much of a discussion,” Ritter told Democracy Now!.
“Here we are condemning Iran for doing its job, declaring a facility, inviting inspectors in. And the conclusion it’s reached from this? That they’re producing nuclear weapons,” said Ritter.
“This is politically motivated hype designed to create a situation this coming Thursday that will find the United States unable to reach any sort of agreement with Iran about its nuclear program,” he added.
Ritter, former UN weapons inspector in Iraq from 1991-1998, is author of Target Iran.
http://www.middle-east-online.com/english/?id=34624
September 30th, 2009 at 8:30 pm
No comments on the giant bunker buster..?
“Tehran may have to take into account a possible one-time surgical strike against its underground enrichment facility”
What are the chances of this happening? I can’t imagine that Obama would approve this. How credible is debka.com?
September 30th, 2009 at 8:31 pm
Here’s a good one: What could possibly be motivating those Democrats to vote against a public option? Surely their constituents support them.
http://intershame.com/on/Max_Baucus__D_Mont___Kent_Conrad__D_ND___Blanche_Lincoln__D_Ark___Bill_Nelson__D_Fla__and_Tom_Carper__D_Del_/
September 30th, 2009 at 8:38 pm
BBH: fire Volcker? Yeah, get rid of the old guy and everything will be just fine. He’s probably one of the few who are the sane ones in D.C.
Newsmax: I believe that article is treasonable. And as far as the Constitution is concerned, let’s start with Congressional oaths to it. Bet most of them have never even read it.
Debka: Yeah, that’s all we need, another police action.
September 30th, 2009 at 8:39 pm
winstons Says-
“And, of course, as part of the Military-Industrial-News Complex, they all favor the long war, the longer war, and the endless war.”
dude- i love the sound of that- thought provoking- and i have given up on doubting even one conspiracy theory with all the shit that has gone down in but just one of decade of time
September 30th, 2009 at 8:43 pm
@ Pete from CA,
“How credible is debka.com?”
Sounds about as credible as a Bill Kristol analysis of a peace march….
September 30th, 2009 at 8:45 pm
Pete Says-
“What are the chances of this happening? I can’t imagine that Obama would approve this. How credible is debka.com?’
not sure how credible debka.com is – but a stone cold lock that Obama would be on board- especially now that the Russians are trying to isolate Iran and its claims re the Caspaisn Sea-
http://latimesblogs.latimes.com/babylonbeyond/2009/09/iran-caspian-sea-states-shut-tehran-out-of-summit.html
wild shit going down
September 30th, 2009 at 8:47 pm
Republicans love democracy just as long as their party wins. Other than that, democracy really sucks and needs to be ended right now. Right, guys?
September 30th, 2009 at 8:55 pm
@ call me Ahab,
There is no conspiracy to it. It is simply how things are when self-serving interests rise above the interest of common good.
September 30th, 2009 at 8:57 pm
“Republicans love democracy just as long as their party wins.’
true- but i think that applies both ways- that’s why there needs to be more credible choices between the pathetic two parties we have choose from-
but- republicans- well who the fuck knows what there about outside of family values and creationism-
small government and individual liberty is Libertarian- and any republican that tries to steal that cause is a bullshit artist
September 30th, 2009 at 9:00 pm
winston-
good point- so basically- not a conspiracy- but complacency- own interests trump public interests-
put a trademark on that line- it’a a good one-
sounds like something from Orwell
September 30th, 2009 at 9:10 pm
@ call me ahab,
“so basically- not a conspiracy- but complacency”
That is a good summary – exactly so. Especially concerning the MSM who believe that stenography is worthy of a Pulitzer, depending on the status of the unnamed source to whom one has access.
Glenn Greenwald has done a pretty good job chronicling the role and fall of the beltway media in all this.
September 30th, 2009 at 9:23 pm
I think a military coup of the Fed would be a better idea.
September 30th, 2009 at 9:24 pm
winston-
to be clear-
-and, of course, as part of the Military-Industrial-News Complex, they all favor the long war, the longer war, and the endless war. ™
September 30th, 2009 at 9:36 pm
If Iran does not fully agree to inspections and stand down from violating the NPT, I favor bombing their facility.
Yes, the ME will continue to be a mess while the Palestinian issue remains unresolved. But, I fear nuclear escalation. I do not want other nations joining the nuclear club, especially if a nation that reportedly (albeit unofficially) supports paramilitary groups who might actually use that nuke.
FD: I was against the Iraq invasion bc I concluded beforehand that the WMD situation there was wildly, intentionally exaggerated in order to sell a war to us. So, I’m not always so “blood-thirsty”.
I’m sorry, Winston, and others.
September 30th, 2009 at 9:36 pm
Guess I shoulda titled the Fed link… thought it was a good indicator.
@ BR:
Your 7:19 was epic.
September 30th, 2009 at 9:40 pm
I pray to St. Charles Darwin and Rev. Carl Sagan that the birthers, the abortion-clinic bombers, the “every~sperm~is~sacred” crowd, the anti-science shit-for-brains wingnuts, and now the “destroy-the-constitution-to-save-the-constitution” military coup rumor mongerers all burn in hell. For ever and ever.
September 30th, 2009 at 10:00 pm
Former UN Weapons Inspector says United States, Israel creating Iran crisis ‘out of nothing’.
NEW YORK – Former UN weapons inspector Scott Ritter warned Tuesday against the “politically motivated hype” over Iran’s nuclear program.
“The Obama administration has come to a preordained conclusion that there’s nothing that can be done about Iran’s nuclear program, that Iran either has to get rid of it all, or there’s nothing to discuss about. That’s not much of a discussion,” Ritter told Democracy Now!.
“Here we are condemning Iran for doing its job, declaring a facility, inviting inspectors in. And the conclusion it’s reached from this? That they’re producing nuclear weapons,” said Ritter.
“This is politically motivated hype designed to create a situation this coming Thursday that will find the United States unable to reach any sort of agreement with Iran about its nuclear program,” he added.
Ritter, former UN weapons inspector in Iraq from 1991-1998, is author of Target Iran.
“Even if Iran produces this new facility, which, by the way, is not in operation and won’t be in operation for over a year, no nuclear material has been diverted, there still is a full material balance, and the IAEA is in complete control of the situation. Iran is not in violation,” explained Ritter.
Winnie,
you mean, like this, the above?
September 30th, 2009 at 10:09 pm
Its all part of the script Ras Hoffer, you, or (I), know this.
September 30th, 2009 at 10:12 pm
If there’s anything Greenspan knows well, it’s the state of the stock market and the measures that must be deployed to support it.
The rest of the economy? Not so much.
September 30th, 2009 at 10:12 pm
I don’t know how they did it (QE anyone?) but the SPX monthly TLB is now trending up with a reversal at 825.88. TLB chart here: http://tinyurl.com/yewlezs
September 30th, 2009 at 10:15 pm
MEH,
Interesting and balanced, as usual. Thanks.
Mannwich:
Grayson, Paul, and Kucinich are the only hope we have for the restoration of our Republic. I’d support an effort to have them establish a new party.
September 30th, 2009 at 10:31 pm
Chris Puplava: Fool Me Once, Shame on You. Fool me Twice, Shame on Me
quote: “If memory serves me correctly, the divergence between the consumer and the stock markets did not resolve in a polite fashion but rather led to one of the most dramatic bear market declines in the last 100 years with some questioning whether capitalism itself was under attack. Unless the consumer undertakes a dramatic sentimental shift that translates into higher retail sales I believe this market is standing on shaky ground. If the last two years have taught investors and money managers anything, it would be this; ignore divergences between economic reality and market exuberance to your own peril.”
quote: “Over the last few years we have seen a declining trend in consumption levels and an increase in the savings rate, not unlike the dynamic that took hold during the last secular bear market. Obviously a trend of rising savings and falling consumption cannot be favorable to an economy 70% beholden to consumers.”
September 30th, 2009 at 10:35 pm
I’ve never heard of this John L. Perry before, nor Newsmax. Rather alarming thing to put in print though, isn’t it? I’m skeptical as to how much insight he has into our military leadership’s mindset or thoughts, but he’s off his rocker if he thinks we’re in for a coup. And oh by the way, was he floating these thoughts through the rein of GWB and Cheney, and all their affronts to the letter and spirit of the Constitution? I didn’t think so.
Don’t get me wrong either. I’m far from pleased with where things are going with the O administration. But a coup? We’re a fair piece from that kind of action.
September 30th, 2009 at 10:38 pm
WP keeps eating the link to the 22:00 post
ht tp://ww w.mid dle-ea st-onli ne.co m/english/?id=34624
Now! w/Spaces~
September 30th, 2009 at 10:46 pm
I-Man, yeah, seems the Script is well Acted..
see: The corporate media have been given their orders to throw the focus back on to Iran.
Here is a recap of what they are trying to make you forget.
1. Last Spring, Rose Gottemoeller, an assistant secretary of state and Washington’s chief nuclear arms negotiator, asked Israel to sign the Nuclear Non-Proliferation Treaty. Israel refused.
2. The United Nations passed a resolution calling on Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.
3. The IAEA asked Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.
4. Iran’s formal notification to the IAEA of the planned construction of the backup fuel-rod facility underscores that Iran is playing by the rules of the Nuclear Non-Proliferation Treaty which Iran has signed.
5. Iran allows IAEA inspections of all its facilities.
6. Contrary to face-saving claims, it appears that the US and Israel were both caught off guard by Iran’s announcement. The reasoning is simple. Had the US or Israel announced the existence of he new facility before Iran’s notified the IAEA, it would have put Iran on the defensive. As it is now, the US and Israel seem to be playing catch up, casting doubt on the veracity of Israel’s claims to “know” that Iran is a nuclear threat.
7. The IAEA and all 16 United States Intelligence Agencies are unanimous in agreement that Iran is not building and does not possess nuclear weapons.
8. In 1986, Mordachai Vanunu blew the whistle and provided photographs showing Israel’s clandestine nuclear weapons factory underneath the reactor at Dimona.
9. Israel made the same accusations against Iraq that it is making against Iran, leading up to Israel’s bombing of the power station at Osirik. Following the invasion of 2003, international experts examined the ruins of the power station at Osirik and found no evidence of a clandestine weapons factory in the rubble.
10. The United Nations has just released the Goldstone Report, a scathing report which accuses Israel of 37 specific war crimes and crimes against humanity in Gaza earlier this year. Israel has denounced the report as “Anti-Semitic (even though Judge Goldstone is himself Jewish), and the United States will block the report from being referred to the War Crimes Tribunal at the Hague, thereby making the US Government an accessory after-the-fact.
MA,
thanks, though, away from the MSM, it seems that ‘balance’ is more prevalent–contrary to their, expectable, claims..they need to stop wondering(acting) why they’re losing readership/Rev$
everyone knows that lapdogs make lousy watchdogs..
September 30th, 2009 at 10:49 pm
OfT,
it isn’t like it hasn’t been thought of, earlier in our Nation’s History, before..
see: http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Prescott+Bush+Coup+FDR
September 30th, 2009 at 10:55 pm
MEH-
hmm . . . interesting . . .
September 30th, 2009 at 10:57 pm
Said script verbatim.
The “they” have doubled down on the credit war, why would they not double down on the terror war?
September 30th, 2009 at 11:02 pm
OT & OMG:
Grayson walks onto CNN Situation Room, kicks ass and takes names.
This dude is the real deal.
Watch how the corrupt pundits try to derail him and get the blowback right in their faces. If the Dems had a couple more like him, they might just have the makings of a functional spine.
http://www.youtube.com/watch?v=3H3gND4M9HA
September 30th, 2009 at 11:09 pm
I-Man,
like this? WRITTEN BY PETER CHAMBERLIN
The war against our minds has many dark levels, all of which attempt to hide truth which is not sanctioned by the police state, replacing it with a new fabricated “official version” of events. The state/corporate controlled media informs us of what we are to think, while multiple forms of coercion, bribery and intimidation are used to reinforce the government’s ideas and convince people to accept them as their own.
Each political protest that attempts to open people’s eyes to the world of untruths which constantly inundates us, exposes the silent majority to more and more of the police state tactics that the ruling elite has gathered together, to use as it wages war against the American public by less than deadly means. In addition to rubber bullets and flash grenades, the police state brought-out acoustic weapons to herd protestors at the recent G20 Summit in Pittsburgh:…”
http://palestinethinktank.com/2009/09/29/the-war-against-free-thought/
September 30th, 2009 at 11:12 pm
MA,
good point, more should take a page (‘from his book’) for a Change..
http://grayson.house.gov/
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Alan+Grayson
September 30th, 2009 at 11:16 pm
I doubt very much we’ll do anything in Iran. Israel will take it upon themselves to bomb the sites. Obama’s approval rating is in the single digits in Israel, both their population, as well as their government, do not think they have a friend in O so they will at some point take action on their own.
September 30th, 2009 at 11:23 pm
MA – That’s a fantastic link! Good for Grayson!
September 30th, 2009 at 11:25 pm
@ MEH
Interesting read. A little kook for my taste,(he does score a bit high on my proprietary kook-o-meter) but I sympathize, and respsect the hustle.
This was my favorite quote:
“Resistance begins and ends within the mind. ”
Yes, I.
September 30th, 2009 at 11:33 pm
Ah – MA – he did get up in front of congress and apologize . . . . . . . sort of
http://politicalwire.com/archives/2009/09/30/graysons_apology.html
September 30th, 2009 at 11:34 pm
@MA
Watched that while at the gym. Needless to say, I exercised longer than I planned.
September 30th, 2009 at 11:42 pm
Wunsacon,
You never have to apologize for having an opinion and expressing it without malice. I do not want Iran to gain access to a nuclear arm, either, but I am much more skeptical about the motivation behind any military action the U.S. leadership might decide to take ( and who would really be the driving force behind that decision).
It disturbs me greatly that so many Bush-Cheney holdovers are still in critical positions. And I don’t think Obama is cynical enough to realize that these holdovers will lie, cheat, steal, swear to God, pillage, plunder, and sell their young in order to prevent a change in the existing Bush-Cheney policies.
September 30th, 2009 at 11:43 pm
Wunsacon – This is for you
http://www.youtube.com/watch?v=zSgiXGELjbc
September 30th, 2009 at 11:45 pm
Israel won’t do anything against Iran Thor, ask the Russians and the Chinese, they’re running the facilities.
And Israel are not that crazy, they still need the US; for a while.
October 1st, 2009 at 12:04 am
beaufou – Good point. I wonder if that would stop them though. They’ve bombed every other potential site in the middle east, and from what I can remember of the last time Netanyahu was in power he didn’t seem like the most stable leader. . .
October 1st, 2009 at 12:04 am
Thor Says:
Ah – MA – he did get up in front of congress and apologize . . . . . . . sort of
________
I saw that, too. This guy simply will not be pushed.
emmanuel117 Says:
Stuff like that will keep you on the cardio equipment (can’t move to the weights until it’s over . . . huff . . .puff . . .).
October 1st, 2009 at 9:32 am
I-Man,
I hear you, re: that longer post, it seems ‘out-there’.. sadly, there are enough, already declassified, programs, on the record, to be able to draw those conclusions..
like http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=MK+Ultra
as instance..
but, these “my proprietary kook-o-meter” are, always, handy; afterall, we have to live with ourselves, and our resistance to new ideas/change..