"September 11th, 2008–America’s Economic 9/11?

“…Then I saw another angel descend from heaven who shouted with a mighty voice: ‘Fallen! Fallen is Babylon the Great! For she has become a dwelling for demons and every evil spirit…All the nations have drunk the maddening wine of her adulteries…The kings of the earth committed adultery with her, and the merchants of the earth grew rich from her…But now the music of harpists and musicians, pipers and trumpeters will never be heard in her again, nor will any worker of any trade or even the sound of a millstone ever be found in her again…Woe! Woe to you, great city, you mighty city of Babylon…For in one hour your doom has come…”

Book of Revelations, Ch 18

In an admission stunning for its frankness (and particularly given the fact it originated with a politician whose country is held prisoner by foreign, criminal interests) Rep. Paul Kanjorski, (D, Penn) Chairman of the House’s Capitol Markets Subcommittee recently admitted on C-SPAN that the current economic problems faced by–not just the United States, but indeed the entire world–were the result of an “electronic run on the bank” that resulted in the hemorrhaging of $550 billion dollars in just “an hour or 2”.

Speaking the last week of January on the Washington DC-based television program, Rep. Kanjorski was verbally accosted by an irate American caller charging that the economic stimulus package currently up for debate in the Congress (as well as the previous $700 billion bank-bailout) is solely for the benefit of fat cats on Wall Street rather than for Joe Six-pack on Mainstreet. With barely-concealed panic in his voice, the Congressman tried explaining the severity of the current financial problem faced by the US with the following comments–

“Why did we do that? We did that because…Look, I was there when the Secretary of the Treasury and Chairman of the Federal Reserve came and talked with members of Congress about what was going on, it was about September the 15^th…Here’s the facts and we don’t even talk about these things…”

“On Thursday at about 11 am the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to the tune of 550 billion dollars, being drawn out in the matter of about an hour or 2. The Treasury opened up its window to help, pumped 105 billion dollars in the system and quickly realized they could not stem the tide…We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there. If they had not done this, their estimation was that by 2 o’clock that afternoon, 5.5 trillion dollars would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed…”

“We talked about what would happen–it would have been the end of our economic and political system as we know it, and that’s why we had to act and do things quickly. Why? Because if you don’t have a banking system you don’t have an economy, and although we did that it wasn’t enough. The economy has been falling and we’re really no better off today than we were 3 months ago, as other assets are going sour by the moment…Somebody threw us in the middle of the Atlantic ocean without a life raft and we’re trying to determine which is the closest shore and whether there’s any chance in the world to swim that far. We don’t know…”

Put in less “gentle” terms, the 2-hour/half-a trillion dollar/$4.6 billion-per-minute event Kanjorski described was the equivalent of having a major economic artery “Jack-the-Rippered” in a way that threatened the very existence of not only the US but the entire world whose economies and political stability are intrinsically tied to the monetary good mood of the land of the free and home of the brave. According to some of the economic experts interviewed for this piece (who insisted upon anonymity, due to the “sensitive” nature of the topic) it is one of the largest–if not THE largest–singular transfer of money in history in such a short time frame. Furthermore, the general consensus of those interviewed is that had the bloodletting been permitted to run its course–meaning the evaporation of 5.5 trillion dollars–it would have resulted in the elimination of 90% of America’s liquidity (again the “blood” that keeps the economic body alive) in the span of just 5 hours.

In a word, ‘unprecedented’…

Based upon the unnerving words of the Congressman in this very short television exchange, what is known is as follows–

First, that the potentially-apocalyptic events leading up to the bailout of America’s banks are not “talked about”, something to remember when President Obama or his monetary magicians are promising “this and that” with regards to curing America’s economic ills. By the very words of Rep. Paul “Vallachi” Kanjorski, a “code of silence” exists amongst the ‘made members’ of the political and financial elite preventing them from telling the truth, the whole truth and nothin’ but the truth, so help them ‘G-d’. The fact that it took close to 5 months for this information concerning a deliberate run on the banks to be made public is proof positive that the Captain and crew of the Titanic have decided to allow the passengers to go about their lives unencumbered while they try and find a way to “deal with” the current situation.

Second, that on September 15, Treasury Secretary Paulson and Chairman of the Federal Reserve Ben Shalom Bernanke testified before Congress that on the previous Thursday, September 11^th, an “electronic run” on the US banking system took place between the hours of 9 and 11 am…That had stop-gaps not been executed, by 2 pm that afternoon (again, on September 11^th) the hemorrhaging of “5.5 trillion dollars” would have taken place, resulting in the collapse of not only “the entire economy” of the United States but as well of the world within just “24 hours,” leading to “the end of our economic and political system as we know it”.

And, last but not least, eliminating the possibility that the event was all part of some fluke or “market correction”, the honorable Congressman (who one day will doubtless dearly regret his recent “honesty” with the American people on C-SPAN that morning) ended his comments by saying “someone” was responsible for the slashing of that financial jugular that nearly bled America to death, as well as indicating the worries on the part of the power elite in Washington DC as to whether or not at the end of the day America will survive it, despite the unprecedented transfusions she is currently receiving.

Of the many things in Kanjorski’s comments sticking out like the proverbial whore-in-a-red-dress-at-a-1^st-communion-ceremony, obviously the most prominent is the date on which the hemorrhaging is said to have taken place, none other than on September 11^th, the same date America’s financial headquarters (and by extension, the financial headquarters of the world) were attacked 7 years earlier and the starting gun as it were for the current “war on terror” benefiting a certain ethno-theocratic state in the Middle East. The other thing equally important (and yet hiding in plain sight) is the time frame this monetary hemorrhaging is said to have taken place–between 9 and 11 am, which also coincides closely with the time frame of the terror attacks of September 11, 2001, with the first tower being struck by an airliner shortly before 9 am and the 2nd tower collapsing at roughly 10:30 am.

Realizing in an instant the immense implications in all of this, some of the “see no evil/hear no evil/speak no evil” variety of today’s “freedom-lovin’ ‘merkins” will doubtless prefer to put their landing gear down on “terra firma” in this case, maintaining that the economic crisis faced both by the US and the world is all the result of “market corrections” no more sinister in their nature than a person sneezing when catching a cold.

However, other persons (and particularly those who note the hundreds of “odd” items dealing with 9/11, including but not limited to the arrest of hundreds of Israeli intelligence operatives, some seen cheering as the Twin Towers were crumbling) will see with good reason that the current financial crisis–rather than being an “accident”–may very well be an act of sabotage on the part of certain interested parties who stand to benefit from it all, and that out of all the possible players most likely to pull off an “economic 9/11” such as this–it is none other than Israel that may have done the dirty deed in order to maneuver the US into fighting those deemed “enemies of the Jewish state”.

The idea that Israel would do such a thing–whether it be the terror attacks on 9/11/2001 or the financial attacks on 9/11/2008–should be no surprise to those even vaguely familiar with the Jewish state’s well-documented history of false flag attacks in creating certain pre-desired political outcomes. Besides the myriad of bombings, shootings and assassinations throughout the world engineered by Israel and then blamed on “Ahab the Arab” for the last 60+ years, there are events such as her deliberate attack on the USS Liberty June 8, 1967 resulting in the deaths of 34 American servicemen, the Lavon affair any many, many others proving that Israel is more than ready, willing and able to dirty her hands in the dirtiest business imaginable. Anyone still doubting this should sit down and talk with the 5 Mossad agents arrested on 9/11 as they sat cheering the destruction of the Twin Towers, an event they later said on Israeli TV they were sent “to document” after being released by then-Justice Department Official Michael Chertoff.

It is on the basis of these and many more similar instances of blatant terrorism and acts of war against the people of the United States that sane, rational persons can dismiss then the idea that Israel is “incapable” of doing such things as causing total economic meltdown to her bestest buddy in the whole wide world, America. A leopard does not change its spots, and what a criminal has done once he can (and will) do again.

Besides, what must be remembered is that–religiously speaking–doing such a thing can hardly be considered immoral within the Judaism’s “code of ethics” as it is something celebrated annually during the feast of Passover when Jews worldwide recount with great nostalgia how their forefathers looted Egypt of all its gold and silver before high-tailing it to the new “promised land” with Pharaoh and his army in hot pursuit.

When considering the recent remarks of Rep. Kanjorski what must also be kept in mind is the fact that NOTHING has been said in the almost 5 months following this bloodletting as pertains the highly-relevant date and time frame the aforementioned “run on the banks” took place. In a day and age when everything from bad breath to unwanted facial hair is being blamed on Muslim terrorists, where carefully-placed, fifth column agents working throughout Western media loyal to Israel never miss an opportunity in propagandizing Americans into throwing their support behind the current “clash of civilizations” between the Christian West and Muslim Middle East, the fact that a Zionist-dominated media has made NO MENTION of the “coincidental” nature of this date is striking to say the least.

However, one thing mentioned (and quite prominently, by the way) is how the most “persecuted and misunderstood people in history“–the Jews–have suffered as a result of the current crisis, first in the form of all the “old canards” concerning their involvement in banking being resurrected and secondly, the Bernard Madoff affair.

Within days of the now-infamous 9/11 run on the banks, Israel’s domestic branch of the Mossad–the ADL–was feverishly at work doing what it does best–spying on what people say about Jews and doing everything in its power to muddy the waters of current events by twisting facts and figures. Seemingly every other day a new “poll” was commissioned by the spy agency, citing Gentile suspicion that the current financial mess indeed was not part of some accident but rather by design and that those responsible were Jews, how “unfair and unjust” it all was, and, more importantly, how ridiculous and baseless such suspicions were, despite the fact that the western banking system is dominated by a handful of Jewish families with names such as Rothschild, Kuhn Loeb, Mendelsohn, etc, etc, etc.

What is particularly interesting about the ADL getting involved in this situation at the onset is that this is EXACTLY what it did following 9/11 with regards to the various stories (some actually making their way to mainstream news sources) dealing with Israeli foreknowledge of that day’s events. Not only did the spy agency attempt to shout down any discussion of the HUNDREDS of Israeli spies arrested before, during, and after 9/11 (and again, some in circumstances as incriminating as conveniently being at a locale where they had a bird’s eye view of the destruction and cheering) but as well personally visited news headquarters and warned them to stop reporting on Israeli involvement in 9/11, ADL’s “capo-di-tutti capi” Abe Foxman’s words being “What are you doing putting this stuff out there? You’re killing us“.

Given that the ADL’s “typical” magic did not work with regards to throwing Americans off track regarding the current financial collapse and the “who dunnit” of it all, Israel then needed something more potent, a stronger anesthetic that would confuse and disorient Americans and dull their sense of smell with regards those “old canards” involving Jews and money.

Enter one Bernie Madoff, the financial swindler who literally went from being a nobody’s nobody to OVERNIGHT being more familiar to the average American than Osama Bin Laden himself. Like a bomb going off in the middle of rush hour in Manhattan, suddenly the economic downturn that was a Gentiles-only club now claimed all sorts of new, important victims that every soul in America learned about 24/7, and all of them Jewish. Eli Wiesel’s organization, synagogues, yeshivas, charities, all of them suddenly became victims as well, thus throwing water on all those “anti-Semitic” fires and conspiracy theories involving Jews and the current financial meltdown.

What can be inferred about this then is that the recent “economic 9/11” taking place 5 months back was in effect much like other false flag attacks engineered by the Jewish state that went awry, and Israel thus was forced to backtrack into the shadows lest too much attention be paid to her involvement. Recall that in June 1967 the Jewish state “accidentally” attacked a US ship, the USS Liberty for 2 hrs, “accidentally” hitting it with 1,000 rockets, tens of thousands of armor-piercing rounds, hundreds of gallons of napalm and 5 torpedoes. Unable to sink her but understanding as well that dead men tell no tales, she then sent a team of armed commandos by helicopter, assassins whose job was to board the ship and kill everyone on board, but having intercepted an American radio transmission that fighter jets were on the way, she scurried off, donned her most embarrassed, regretful face and said the entire attack (lasting as long as the attack on Pearl Harbor) was all a “big mistake”. Had things gone as planned and the Liberty sunk as intended, Egypt would have been blamed, and America would have been drawn into the Middle East in exactly the way as took place immediately following 9/11.

It should be recalled that within minutes of the attacks in New York and DC 7 years ago Big Brutha knew EXACTLY and without question that it was none other than Osama Bin Laden and his band of swarthy, Islamo-fascist thugs who carried it out, and with evidence as flimsy as Mohammed Atta’s paper-and-plastic passport that somehow survived the same heat said to be responsible for melting steel beams that brought down the Twin Towers. And yet, the fact that 5 months after Jack the Ripper slashed the financial throat of America, leaving a gash that has yet to be contained and as of this moment no one is saying a word about the culprit or culprits involved in this recent bloodletting of American wealth speaks volumes, and particularly in a day and age when computers can detect and track down a micro-penny discrepancy tens of thousands of miles away and within seconds.

If there is any player with such capabilities in bringing about such an act of economic sabotage on the American financial system such as occurred on 9/11/2008, it is Israel. It is no theory that the economies of not only America but indeed those of the entire western world are not dominated by Muslims, Buddhists, Hindus, Druids or any other group, but rather by Jews whose loyalty to their Old Testament-created state takes precedence over anything and everything else in 99 cases out of 100.

Secondly, it is no secret the Jewish state wants certain nations in the Middle East attacked by the US–and not today or tomorrow, but yesterday–Iran obviously being at the top of that list. It is also no secret that for reasons known or unknown the US is not as enthusiastic about such a prospect as she was about attacking Iraq in 2003. Recall that Israel all but busted a vein in her head when the National Intelligence Estimate stated unequivocally in December 2007 that Iran had no nuclear weapons program, which by extension means no US attack on Iran. Since that momentous day, when all appeared lost in getting America to smite Judea’s ancient Persian enemies, it has been a daily spectacle of threats and bluster on the part of the Jewish state. Israeli Defense Minister Ehud Barack recently threatened in coded words that an American east coast city would be devastated by a nuclear weapon if Iran was not stopped, while other media outlets in Israel have predicted a whole smorgasbord of unfortunate events befalling the US, including a repeat of the recent Mumbai terrorist attacks in America’s cities. So convinced were certain elements within the American power structure of an imminent false flag operation by Israel that persons no less in stature than Chairman of the Joint Chiefs Admiral Mullen personally cut short his trip to Europe in the summer of 2008 to go to Tel Aviv and tell his counterpart Gabi Ashkenazi how vital it was that no “USS Liberty Pt II” takes place.

The idea that America was not warned that an event as apocalyptic as her economy going down in flames was in the making is not accurate. During George Bush’s recent visit to Israel in May 2008 to help celebrate 60 uninterrupted years of good, old-fashioned/Old Testament-type butchery and oppression against the non-Jewish peoples of the Holy Land (Christian and Muslim alike) he was met by rabbis closely-associated with ultra-violent elements of the Israeli right (as opposed to the moderately-violent of the Israeli left) who presented him with a list of demands. The commandments, collectively called ‘Megillat Bush’ and written on a specially-made scroll as if scribed personally by some Old Testament prophet were of the typically haughty, pushy, demanding, threatening, obnoxious and condescending tones universally-known to be part of the Jewish state’s character and threatened (again, in coded language) that “God ordained that the role of the nations of the world is to strengthen the nation of Israel” and that if America did not go through with vanquishing Israel’s enemies (namely Iran, Pakistan, Saudi Arabia, Syria, Egypt, and Lebanon) that “certain doom” would result, endangering “all life on earth”. The mafia-esque diatribe ended ominously with “Your fate and that of all those with you hangs in the balance of the destiny of our land…’

In sum, the logical explanation as to what took place now resulting in the economic freefall in America and elsewhere is that–much like what took place on 9/11/2001, Israel and her network of assets and intelligence agents working in the American financial infrastructure coordinated an attack on the US banking system on the morning of September 11^th, 2008 between the hours of 9 and 11 am for the purpose of destroying the US economy and throwing the world into chaos as a prelude to blaming it on Al Qaeda or some other affiliated organization. The results would have been all-too predicatable–fathers responsible for feeding their families would get calls on Sept 12, telling them not to come to work. Within less than a week, the system would be paralyzed as a result of being bled of its cash, martial law would be declared (exactly as Rep. Brad Sherman, Democrat from California stated on the floor of the House of Representatives) Ahab the Arab would get the blame and Israel would get the war she demands.

The fact that the attack was stopped and that it did not achieve the full intended effect, along with likely warnings to the Jewish state from US intelligence and law enforcement agencies who knew where the money went and what was afoot is the likely reason why today there has been no blaming of “Islamists” or any other group.

In the meantime, the US is scrambling to get the severed artery and accompanying bleeding under control before it reaches the point of no return, if indeed it has not already.

And while all this takes place, thousands of miles away, Israel sits, stewing as she sees her plans fall apart yet again, inching an apocalyptic finger towards the “button” in what she considers to be her “final solution” to the problem of “anti-Semitism” –The Samson Option and accompanying nuclear destruction of the entire world.

by Linn Cohen-Cole

www.opednews.com

So, now I come to 9/11, a subject I avoid personally. Never liked how it was used to inflame hatred and all that flowed from it. Didn't read about it, didn't want to hear about it. But on election night, I happened to read an Oped News article that included scientific studies and videos. I don't know why I looked but I did. I am a logical person and in very basic ways, a mechanical one, and now I am having trouble with what I saw. I kept looking at the buildings falling and I reading the scientists' comments that it isn't possible for airplanes to have caused them to fall in that way and I read the government explanations and went back again and again to the video and to the scientific data and ....

So, I am in a quandary. The science and what I saw with my own eyes and what makes logical sense don't fit what we were told.

So, I am just passing this on, with no position taken. The first video is of a Catholic priest. The second is material from mechanical engineers, including from MIT.

One person responded this way:

"This stuff gets filed under conspiracy theory :-( There is a lot of it going around, as I recall this is the hardest to debunk. I believe the Bush administration has committed many sins of omission on 9/11, but there are no sins of commission. Not even they are that low ..."

And I responded:

"The thing is, if they are that low and we face that, what happens? We subtract "terrorism" from an explanation for things and in doing so, we take the driving force for world destructiveness and for police state control everywhere, away. We would suddenly see that our enemies are not our enemies but those who are running wars and Guantanamo. We would see the world entirely differently.

The Federal Reserve, after slashing its key interest rate almost to zero, said yesterday it will now pursue unconventional actions that one economist called the "moral equivalent of printing money" to try to stop a quickening economic slide.

The Fed yesterday cut its federal funds rate, which banks charge each other for overnight loans, from 1 percent to a range between zero and 0.25 percent, the lowest on record. In an extraordinary statement, Fed policy makers acknowledged that the use of short-term rate cuts, its preferred tool for boosting the economy, is all but spent, and they will turn to other methods to pump cash and credit into the economy....

--more--"

This convinced me:

"US dollar's appeal as safe haven deflates; Currency slides against yen, euro after Fed rate cut" by Bloomberg News | December 18, 2008

LONDON - The world's biggest currency trading firms say the dollar's appeal as a haven amid the financial crisis all but evaporated.

The US currency slid to a 13-year low against the yen yesterday and had its biggest one-day decline versus the euro after the Federal Reserve reduced its target interest rate Tuesday to a range of zero to 0.25 percent, the lowest among the world's biggest economies. CMC Markets said yesterday the currency's prospects appear "ominous." State Street Global Markets said the dollar's outlook has been "undermined."

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State Street Global Markets, a unit of the world's largest money manager for institutions, said the Fed's move is "perilous" for the dollar....

A few weeks ago, I warned in my website that the Dow would dive below 7,000 at the earliest by end of December 2008 and at the latest by the end of the first quarter 2009.

Any responsible central banker would want to control a downturn, preferably by a gradual slide of the market as opposed to a sharp hard landing. But events and data have revealed that these financial handlers are not responsible and are hard core gamblers in their very soul.

Their mindset is that of the ultimate gambler and nothing in this world will change their behaviour not even the thought that millions will starve and die and that national economies will be shattered. They are totally unconcerned as tbe devastating consequences of their actions. And anyone still having illusions about their altruistic aims will be disappointed.

The stock market and the derivative market is their ultimate casino. Fix this in your mind in the months to come. Then you will understand and agree with me and my conclusions in the next few paragraphs....

Starla D. Darling, with her son, Colt, and daughter, Kathryn. Ms. Darling lost her health benefits when a cookie factory closed (David Maxwell for The New York Times).

ASHLAND, Ohio — As jobless numbers reach levels not seen in 25 years, another crisis is unfolding for millions of people who lost their health insurance along with their jobs, joining the ranks of the uninsured.

The crisis is on display here. Starla D. Darling, 27, was pregnant when she learned that her insurance coverage was about to end. She rushed to the hospital, took a medication to induce labor and then had an emergency Caesarean section, in the hope that her Blue Cross and Blue Shield plan would pay for the delivery.

Wendy R. Carter, 41, who recently lost her job and her health benefits, is struggling to pay $12,942 in bills for a partial hysterectomy at a local hospital. Her daughter, Betsy A. Carter, 19, has pain in her lower right jaw, where a wisdom tooth is growing in. But she has not seen a dentist because she has no health insurance.

Oh, that poor kid!!! I guess that is wisdom, even if not well-received.

It is a stain on AmeriKa's soul that it does not provide universal health care.

Ms. Darling and Wendy Carter are among 275 people who worked at an Archway cookie factory here in north central Ohio. The company provided excellent health benefits. But the plant shut down abruptly this fall, leaving workers without coverage, like millions of people battered by the worst economic crisis since the Depression....

Most people are covered through the workplace, so when they lose their jobs, they lose their health benefits. On average, for each jobless worker who has lost insurance, at least one child or spouse covered under the same policy has also lost protection, public health experts said....

*********

At this time of year, the Archway plant would usually be bustling as employees worked overtime to make Christmas cookies. This year the plant is silent. The aromas of cinnamon and licorice are missing. More than 40 trailers sit in the parking lot with nothing to haul....

Richard D. Jackson, 53, was an oven operator at the bakery for 30 years. Mr. Jackson and his two daughters often used the Archway health plan to pay for doctor’s visits, imaging, surgery and medicines. Now that he has no insurance, he takes his Effexor antidepressant pills every other day, rather than daily, as prescribed.

Another former Archway employee, Jeffrey D. Austen, 50, said he had canceled shoulder surgery scheduled for Oct. 13 at the Cleveland Clinic because he had no way to pay for it. “I had already lined up an orthopedic surgeon and an anesthesiologist,” Mr. Austen said.

In mid-October, Janet M. Esbenshade, 37, who had been a packer at the Archway plant, began to notice that her vision was blurred. “My eyes were burning, itching and watery,” Ms. Esbenshade said. “Pus was oozing out. If I had had insurance, I would have gone to an eye doctor right away.”

She waited two weeks. The infection became worse. She went to the hospital on Oct. 26. Doctors found that she had keratitis, a painful condition that she may have picked up from an old pair of contact lenses. They prescribed antibiotic, which have cleared up the infection.

Ms. Esbenshade has two daughters, ages 6 and 10, with asthma. She has explained to them why “we are not Christmas shopping this year — unless, by some miracle, Mommy goes back to work and gets a paycheck.” She said she had told the girls, “I would rather you stay out of the hospital and take your medication than buy you a little toy right now because I think your health is more important.”

.... Ms. Darling, who was pregnant when her insurance ran out, worked at Archway for eight years, and her father, Franklin J. Phillips, worked there for 24 years. “When I heard that I was losing my insurance,” she said, “I was scared. I remember that the bill for my son’s delivery in 2005 was about $9,000, and I knew I would never be able to pay that by myself.”

So Ms. Darling asked her midwife to induce labor two days before her health insurance expired. “I was determined that we were getting this baby out, and it was going to be paid for,” said Ms. Darling, who was interviewed at her home here as she cradled the infant in her arms.

As it turned out, the insurance company denied her claim, leaving Ms. Darling with more than $17,000 in medical bills....

Then let's ELIMINATE all the INSURANCE COMPANIES!! What frikkin' good are they if they WON'T EVEN PAY for a BIRTH?!! Those are LIFE SCIENCES, are they?!!!!

Yeah, I AM TICKED OFF, readers!!! That's what happens to me when CHILDREN and THEIR NEEDS are NEGLECTED.

--more--"

Here is something for you to watch, readers: Sicko

A surge in layoffs at Massachusetts companies is straining the state's ability to process unemployment claims, leading to lengthy lines at local walk-in centers and long waits for those filing by phone - if they can get through at all....  After following a long list of automated instructions, and expecting to at last talk to a person, she heard this message: "Due to high call volume, we can't take your call right now. Try back another time." 

Is the INSULT enough, or do you need me to let loose with some profanity-laced tireades?

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First-time claims for unemployment in Massachusetts have jumped more than 30 percent from a year ago, and they are likely to rise even higher. A recent forecast projects the state jobless rate, which was 5.5 percent in October, could rise nearly 3 more points over the next year or so, to 8.3 percent, as the national economic downturn deepens....

"People are waiting, and I apologize for the waits they have been experiencing," said Ed Malmborg, director of the Division of Unemployment Assistance. "There has been a dramatic upswing in claims, and it takes time to bring people on board." --more--"

Yeah, YOU have to WAIT, suffering citizen!!!

Oh, and did I not mention the $1 BILLION dollar giveaway to the pharmaceutical corporations, even though "it's never been easy to turn a profit in biotech?" Flush that money away, too, taxpayer. Of course, the war looters were next in line for a handout. And should the state be appropriating money for a "multimillion-dollar reconstruction" of golf courses?

Nor is it RECKLESS to BORROW the STATE INTO OBLIVION so they can PAY INTEREST to BANKS while SITTING ON $2 BILLION DOLLARS!

Newly disclosed court documents portray Dr. Joseph Biederman, a leading Harvard child psychiatrist, as courting drug company money by promising that his work at Massachusetts General Hospital would help promote the use of antipsychotic drugs for youngsters diagnosed with bipolar disorder.

Related: Corporate Health Care Pays Bribes to Drug Your Children

Biederman is one of the central figures in the growing legal and political backlash against potential conflicts of interest in medicine, particularly in psychiatry. He could not be reached for comment yesterday.... The psychiatrist is the country's most prominent advocate of diagnosing bipolar disorder in children, even those under age 6, and using antipsychotic drugs to treat many of them, even when federal regulators have not approved the drugs for that use....

Don't you CARE ABOUT YOUR KIDS at all, AmeriKa? If so, then why do you put SUCH FAITH in the "DOCTOR?" I NEVER SEE THEM unless it is EMERGENCY -- and even then, I DON'T LIKE IT!!!

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Biederman.... is now also emerging as a key witness in a huge, multistate lawsuit brought on behalf of more than 2,000 patients, including children, who claim to have been injured by psychiatric drugs known as atypical antipsychotics, including the Johnson & Johnson drug Risperdal, also known as risperidone.

Biederman is not a defendant in the case, but the plaintiffs' lawyers submitted more than two dozen documents aiming to present him as an exam ple of how drug companies and researchers conspired to boost "off-label" prescriptions that go beyond federally approved uses of a drug....

It is legal for doctors to prescribe drugs for off-label purposes, but not for drug companies to actively market such uses. To get around that restriction, drug marketers recruit and pay respected "opinion leaders" like Biederman to discuss their off-label prescribing experiences with colleagues at company-sponsored "educational" talks or meetings.

In one internal 2002 e-mail that the plaintiffs' lawyers submitted, executives of Janssen Pharmaceuticals - the Johnson & Johnson subsidiary that markets Risperdal - discuss Biederman's repeated proposals for the company to help fund a center on pediatric bipolar disorder at Massachusetts General. "The rationale of this center is to generate and disseminate data supporting the use of risperidone in this patient population," it says.

It wasn't until five years later, in 2007, that the Food and Drug Administration approved Risperdal for children with bipolar disorder. Another document, the 2002 annual report of the center that was ultimately created and directed by Biederman, states that one of the center's "essential features" is its ability to conduct research that "will move forward the commercial goals of J&J" - Johnson & Johnson. An e-mail from November of that year mentions at least $700,000 in Johnson & Johnson payments to the center.

.... Like President-elect Barack Obama, who nominated him, Timothy F. Geithner is global in both outlook and upbringing, having spent much of his boyhood in Africa and Asia, where his father, Peter Geithner, worked for a US development agency and later the Ford Foundation....

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The New York native has been deeply involved with Federal Reserve chairman Ben Bernanke and current Treasury Secretary Henry Paulson in the various responses and bailouts in the financial crisis that has spread from Wall Street to the broader economy. In March, Geithner engineered the Fed's $29 billion emergency financing that delivered Bear Stearns from imminent bankruptcy and into a bargain buyout by a competitor, JPMorgan Chase & Co.

Testifying the following month before the Senate Banking Committee, some of whose members were critical, Geithner defended the extraordinary intervention as:

"[A way to] avert substantial damage to the economy. The market sorts out which companies survive and which fail; however, under the circumstances prevailing in the markets, the issues raised . . . extended well beyond the fate of one company."

....

Geithner took the helm of the New York Fed, the flagship of 12 regional branches of the US central bank, in 2003 after spending about two years as director of policy development and review at the International Monetary Fund. Prior to that, he spent 13 years in the Treasury Department under Republican and Democratic administrations, rising through the bureaucracy to key posts that culminated with his appointment as undersecretary for international affairs. In various roles at the Treasury, he was a globe-trotting trouble-shooter, negotiating aid packages and reforms in Thailand, South Korea, Brazil, Indonesia, and Mexico....

After completing his education, he worked for Henry Kissinger's firm, where he helped research a book for the former secretary of state before entering the Treasury Department.

--more--"

What more do you need to know? I look at the names and connections, and realize there will be NO CHANGE -- save those that the GLOBALIST WANT!

Oh, and did I not mention the $1 BILLION dollar giveaway to the pharmaceutical corporations, even though "it's never been easy to turn a profit in biotech?" Flush that money away, too, taxpayer. Of course, the war looters were next in line for a handout. And should the state be appropriating money for a "multimillion-dollar reconstruction" of golf courses?

Nor is it RECKLESS to BORROW the STATE INTO OBLIVION so they can PAY INTEREST to BANKS while SITTING ON $2 BILLION DOLLARS!

Ten days after the Massachusetts Turnpike Authority board recommended sweeping toll increases, officials said yesterday that the authority's finances have grown even worse, with the agency's liability for a set of risky investments rising to nearly a half-billion dollars.... the authority could soon be sent a bill for $353 million if the financial markets continue to deteriorate.

Several legislators have argued that the toll increases should be set aside while the Legislature debates alternatives, including a House proposal to raise the gas tax and a Senate proposal to raise cash through long-term leases on the roads with private businesses.

Senator Mark Montigny, a New Bedford Democrat who leads the Senate bonding committee and was briefed on the problems yesterday:

"We're looking at a sinking ship and the hole is getting bigger every day. And it's not just the ship at the Pike. It's the credit markets and the economy . . . This credit crisis is not over."

Where did all that bailout money go?

Beginning in 1999, the Turnpike Authority entered into complex arrangements - known as credit swaps - with three investment banks as a means of raising cash to pay off rising Big Dig debt.

Oh, we should be HANGING THESE FUCKING PEOPLE!!!!!!!!!!!!!!!

Essentially, the banks paid the Turnpike Authority cash for the right to swap interest rates with the agency on future debt payments. The deals, while immediately raising $71.5 million in cash for the agency, left it vulnerable to fluctuations in interest rates. The deals also established termination fees that rise and fall based on market conditions.

Earlier this year, a declining market had raised the termination fees on the deals to about $200 million, which the Turnpike could be forced to pay immediately if certain triggers were tripped. By Friday, that liability had risen to about $447.7 million. Making things worse was a decline in the credit rating for the turnpike's insurer last week; another step down could trigger an immediate request for payment from one of the banks of about $353 million.

All of the possible implications are subject to market changes and the decisions of bankers and credit agencies, which have not made their intentions known....

The translation of all this? While SERVICES are CUT and TAXES RAISED, the state will be PAYING OFF BANKS for A RIP-OFF!!!!

Montigny faulted the Patrick administration for failing to investigate fully the complicated investments that led to problems. He said other government agencies that have seen complex investments turn sour during the credit crisis have been able to renegotiate or terminate their agreements after proving they were entered into nefariously....

BLOOD-SUCKING FUCKING BANKS!! BURN 'EM ALL DOWN!!!!!!!!!!!!

The smallest deal, from 1999, is with JP Morgan. The termination fee for the deal has grown from a few million to about $19 million in just a few months. As a result, the authority has been forced in the last few days to put about $7 million into an escrow account, leaving the agency with less cash.

The second deal, a 2001 agreement with UBS, will cost the authority about $2.2 million per month beginning in January because of the increased interest it will now have to pay on a certain amount of debt.

I thought the banks were supposed to HELPING US OUT, not BENDING US OVER A BARREL!!!!!! WHERE ARE YOU, American people!!!!!?

And that's not even the worst-case scenario.... The termination payment could also rise, depending on the unpredictable financial markets.

"Every day it's a different number," an official said. "We have no control."

A legislative freeze of the toll hikes could hasten UBS's ability to demand an immediate payment, according to Patrick officials.

Translation: If you DON'T ACCEPT a dick in your mouth (toll/tax increases), then the banks will ram one up your ass!!!!!!!

Under some interpretations of the agency's deal with the bank, it could be viewed as infringement on the authority's independence and set off the trigger. But even if the authority raises tolls, it has no control over the falling fortunes of its insurer and may still pay the price.

How does that PERPETUAL ANAL RAPE feel, Massachusetts liberals and democrats!!

Oh, no, no, WE NEED the INCOME TAX because we have to pay for services!!! This is why I have NO RESPECT for the SHIT-HEADED LIBERALS of this state!!!!

The final deal, with Lehman Brothers in 2002, is the most directly tied to the toll increase. Lehman Brothers has gone bankrupt, but the owner of its assets has the right to terminate the full value of the agreement for about $75.7 million if the Turnpike Authority's credit rating drops. The authority's rating is at the cusp of junk bond status, and credit rating agencies have warned that without a toll increase, it will be lowered soon.... --more--"

Are you as ANGRY as I AM, Mass. residents?

Then HOLD ON to your SOCKS and HOSE and PULL!!!!!

Of course, "flushing . . . millions of dollars away supporting a highly profitable industry" when it comes to $300 million in taxpayer dollars for Hollywood is o.k., even as the price of a school lunch rises; paying $13 million for a computer software system that could have cost less than $3 million is all right because the winner was a close friend of the House speaker, even as my poorer-than-dirt district "has been struggling to close a $2 million budget gap."; the lottery shelling out "millions of dollars" for sports tickets for "lottery officials, their family members, and friends" is fine, even as schools are closing; making interest payments to banks to the tune of "a staggering $22 billion" for the Big Pit, as we call it around here, is required, even as bridges are neglected across the state; and again, paying off banks like UBS, who can "demand repayment of an additional $2 million a month beginning in January" while also receiving a "$179 million payment," while the state pension fund loses $1 billion dollars -- which still didn't stop the executive director from carving himself a nice "$64,000 bonus on top of his $322,000 annual salary."

Oh, and did I not mention the $1 BILLION dollar giveaway to the pharmaceutical corporations, even though "it's never been easy to turn a profit in biotech?" Flush that money away, too, taxpayer. Of course, the war looters were next in line for a handout. And should the state be appropriating money for a "multimillion-dollar reconstruction" of golf courses?

Nor is it RECKLESS to BORROW the STATE INTO OBLIVION so they can PAY INTEREST to BANKS while SITTING ON $2 BILLION DOLLARS!

WASHINGTON - Wall Street analysts, congressional overseers, and the media have parsed every detail of the Treasury Department's financial rescue program - $250 billion and counting.

Largely outside public view, however, the Federal Reserve is committing far more than that amount - $893 billion, roughly the equivalent of the annual economic output of Mexico - to helping a wide range of institutions weather the economic storm.

As of last week, the Federal Reserve had lent $507 billion to banks, $50 billion to investment firms, $70 billion for money market mutual funds, and $266 billion to companies that use a form of short-term debt called commercial paper.

It is considering a new program that would make billions more available to prop up consumer lending - auto loans, credit cards, and the like. --more--"

You know what? I am SICK of being LIED TO!!!!!!!

"For many, credit cards' appeal is fading" by Associated Press | November 24, 2008

NEW YORK - Cash or credit? The answer is increasingly the old-fashioned one.

Retailers like Wal-Mart, Target, and J.C. Penney are noticing a marked shift away from credit cards in favor of cash and debit cards. A big factor is that less credit is available as major card issuers cut spending limits and raise fees, even for customers who pay their bills on time....

So WHERE DID ALL THOSE BILLIONS GO? You know, the BAILOUT that was supposed to EASE CREDIT? The BANKS KEPT the MONEY, America, just as they had ALWAYS PLANNED!!!!!!!!!

******************

For years, consumers tapped into inflated home equity and used credit cards to finance their spending. Now those spigots are being shut off, and job losses are mounting.

"Consumers are really struggling to find sources of cash to make purchases," Hoyt said."

Where is YOUR BAILOUT, Americans? After all, it is ALL YOUR MONEY!!!!!!!!!

--more--"

It's not easy to find a silver lining to the economic meltdown, but here's one: inexpensive high-definition televisions..... --more--"

PFFFFFFFFFFFFTTTTT!

The LAST THING I'm going to spend my dwindling dough on is a god-damned tv set!!!!! Besides, T.V. makes you UNHAPPY!!!!!!!!

"Happy people spend a lot of time socializing, going to church and reading newspapers — but they don’t spend a lot of time watching television, a new study finds. That’s what unhappy people do.

Are you EFFIN' S***TING ME?!! Readers, I READ NEWSPAPERS and do the PROFANITY-LACED TIRADES look like I'm HAPPY? What SELF-SERVING PROPAGANDA!!!!

But the researchers could not tell whether unhappy people watch more television or whether being glued to the set is what makes people unhappy.

EXACTLY!!! TV does make people unhappy: watching garbage propaganda will do that to you. That is why the television remains off.

“I don’t know that turning off the TV will make you more happy,” Dr. Robinson said. Still, he said, the data show that people who spend the most time watching television are least happy in the long run. Since the major predictor of how much time is spent watching television is whether someone works or not, Dr. Robinson added, it’s possible that rising unemployment will lead to more TV time."

Oh, yeah, a DEFINITE AGENDA is being PUSHED!!

Don't BE ACTIVE and get out in the streets demanding REDRESS of GRIEVANCES as you suffer and eat shit during the upcoming (and PLANNED) DEPRESSION!!!!!! Just STAY INSIDE and WATCH TELEVISION! Never mind the WARS, just suck MSM shit!

Well, if the POWER BLACKOUTS OCCUR as they are predicting, then I won't be watching much television, will I?

In fact, I think I'll hunt for food in that case; I heard that politicians and reporters are pretty tender and taste like chicken, and I'm hungry.

WASHINGTON - Taxpayers have paid at least $200 million since 2004 for medications that have never been reviewed by the government for safety and effectiveness but are still covered under Medicaid, according to an Associated Press analysis of federal data.

Millions of private patients are taking such drugs, as well. Allowing unapproved prescription drugs to be sold to the public may create a dangerous false sense of security. Dozens of deaths have been linked to such drugs....

Sometimes, the medications do not help patients. In other cases, the FDA says, they have made people sicker, maybe even killed them.... At a time when families, businesses, and the government are struggling with healthcare costs and 46 million people are uninsured, payments for questionable medications amount to an unplugged leak in the system.... --more--"

NEW YORK - Federal regulators unveiled a radical deal late last night to stabilize Citigroup by taking a $20 billion stake in the struggling bank and guaranteeing hundreds of billions of dollars in risky assets.

And WHOSE MONEY do you think is going to "guarantee" Citi's losses?

That's right, AmeriKans: YOUR TAX DOLLARS!!!!!!

The complex arrangement, announced jointly by the Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corp., calls for the government to back about $306 billion in loans and securities. The $20 billion cash injection by the Treasury Department will come from the $700 billion financial bailout package. The infusion follows an earlier one of $25 billion in Citigroup in which the government received an ownership stake.

While the initial focus of government officials was to help the embattled company, they may also seek to draw up an industrywide plan that could help other banks.

So we are going to get ANOTHER BANK BAILOUT?

The plan, which emerged after a harrowing week in the financial markets and around-the-clock negotiations this past weekend, marks the government's third attempt in as many months to contain the deepening economic crisis.

They told us the $700 billion would fix it; that's why they needed it RIGHT THEN!! Oh, America, you got looted big time and my heart just cracked in half again.

******************

Whether this latest rescue plan will help calm the markets is uncertain, given the stress in the financial system caused by increasing losses at Citigroup and other banks. Each previous effort initially seemed to reassure investors, leading to optimism that the banking system had steadied. But those hopes faded as the economic outlook has worsened, raising worries that more bank loans were turning sour.

The Citigroup deal could herald another shift in the government's financial rescue.... Indeed, Citigroup is widely viewed, both in Washington and on Wall Street, as too big to be allowed to fail. --more--"

How about ME or the AMERICAN PEOPLE?

SAN PIERRE, Ind. - The air smells clean and sweet off the sprawling corn and spearmint fields, but for this unincorporated town of 156, it is the smell of failure: the failure to reap the rewards of the ethanol boom.

Construction crews were scheduled to start digging up the sandy soil next spring to make way for an ethanol distillery plant in San Pierre. The plant promised to revive the town's economy, bring high-paying jobs to one of the state's poorest counties, and double its tax rolls, a scenario that has played out repeatedly in struggling towns across the Midwest over the past three years.  But last month, the developers of the San Pierre plant announced that the $62 million deal was dead. Banks involved in the project had shut their doors and cut off their lines of credit. Desperate calls to dozens of other financial institutions led to the same answer: No.

Already battered by other market forces, the ethanol industry has been hit hard by the banking world's credit crunch, and the seemingly bright future of the corn-based biofuel has been cast in doubt. 

No one wants to send money after this destructive enterprise. Sounds like the EndGame is in play to me!!!!  Otherwise, why would they be making this destructive stuff?

In Pratt, Kan., the grinding mill machinery stands silent at the Gateway Ethanol plant. It was open for less than six months before running out of money, and there were no bank loans available to keep it going. The company has filed for bankruptcy.  In Royal, Ill., developers abandoned efforts to build a plant there and in six other locations, citing an inability to obtain financing. Plants have been shuttered, or plans for new ones halted, in Mead, Neb.; Belle Fourche, S.D.; Blairstown, Iowa; and Melrose, Minn. 

Want to see how many taxpayer dollars Congress poured into this losing monstrosity?  Richers Take Bath in Ethanol

Less than two years ago, the idea of distilling corn into a gasoline substitute won over Wall Street and rural residents, with visions of reviving the weakened farm economy and investing in greater US energy independence and green energy. Other agricultural businesses - from local co-ops to small-town merchants - saw a boost, as farmers suddenly had money for new clothes, spa visits, and farming equipment.

Indiana was slow to join this party, in part because much of the surplus corn grown in the state is shipped to livestock producers in the US Southeast or to Asia, said Chris Hurt, an agricultural economist with Purdue University in West Lafayette, Ind. And unlike states such as Iowa, South Dakota, and Minnesota, Indiana legislators didn't provide state subsidies for ethanol production. 

Are YOU KIDDING ME?  We have people STARVING IN OUR COUNTRY and they are sending grain to Asia for FACTORY FARM FEED?

In 2005, there was only one ethanol plant operating in Indiana. But by the end of 2006, after the state general assembly pushed through millions in incentives and Governor Mitch Daniels signed legislation mandating that state vehicles' use of biofuels when possible, there were plans to build at least 25 more, Hurt said.  But the current credit squeeze, along with other market developments, has shut down this Indiana town's ethanol dreams. It is just the latest development in a rocky year.... 

Gee, I WONDER WHAT THOSE UNMENTIONABLES MIGHT BE!

The number of lawsuits aiming to block new production facilities from being built has steadily grown. The suits were filed by concerned environmentalists or local residents who don't want their rural community turned into a site for industry. --more--"  

What?  The ENVIRONMENTALISTS are against BIOFUELS?  Then they must REALLY BE BAD -- and yet, here is the AGENDA-PUSHING MSM MINIMIZING the PROBLEMS and CONSEQUENCES while CONTINUING to SHOVEL THIS SHIT!!! 

Something is going on, America, and the words POPULATION REDUCTION keep filtering into my brain.

WAKE UP, America!!!!!!!!!!

"Brazil's biofuel industry dries up; Economy stalls ethanol efforts" by Alan Clendenning, Associated Press  |  November 23, 2008

SAO PAULO - Brazil's biofuel industry just months ago was being flooded with billions in new investments for vast new sugarcane plantations and gleaming distilleries that churn out the cheapest ethanol on earth. But the global financial crisis has put the brakes on that boom, drying up foreign investment and domestic credit, stalling new projects and prompting cash-strapped ethanol producers to indefinitely postpone expansions.....  

Well, there are SILVER LININGS in EVERYTHING, aren't there?

The Brazilian and US governments are meanwhile funding research and development projects to spur ethanol start-ups throughout Latin America, but the financial crisis will inevitably delay private sector investment, US Agriculture Secretary Edward Shafer told the Associated Press....  

Yup, so they are going to GO AHEAD with this ABOMINABLE FAILURE and CRIME AGAINST HUMANITY DESPITE all the CONSEQUENCES!!!  This is why the ENVIRO-CULTISTS (still haven't seen them protesting NASCAR) are DANGEROUS, folks!!! They are not some earthy-crunchy nutties that are harmless, folks; they and THIER LIES are DANGEROUS!!!!!!!!!

The full extent of the damage to one of Brazil's most promising export industries is still unknown: The sector is dominated by private companies owned by wealthy families who have attracted foreign partners but are not required to report their finances publicly.... 

Oh, it is ALL ABOUT the $$$$$!!!! 

Yeah, LET the PEOPLE EAT SHIT!!!!

--more--"

NEW YORK - Stocks are down, down, down. But student interest in economics appears to be trending upward.

The financial crisis has made the subject more relevant and immediate to many high school and college students, and they are suddenly paying closer attention in class.

"Now we can actually see the examples while they happen, instead of relying on history. It's been the most engaging class ever," said New York University junior George Schwartz, who dropped macroeconomics the first time he took it, but is so fascinated this time that he has decided to major in economics.  Instructors are delighted by the opportunity to use the dramatic events on Wall Street to explain concepts students might otherwise find dry, such as liquidity and Federal Reserve monetary policy.

"It is a great time to be in this business," said Jonathan Peters, a College of Staten Island professor. "It's a tremendous opportunity. It's a teachable moment. It's a chance to explain these topics in a very direct way."  Instead of simply discussing the theory surrounding a recession, Peters can show students a real one, step by step. While usually he has to fight to convince them that regulation is useful, that has become very easy nowadays, he said. 

Oh, that's JUST GREAT!!!

At the High School of Economics & Finance in New York's financial district, computer science teacher Aristedes Lourdas is also finding it easy to engage students.  Last year, his students were so unenthusiastic about analyzing the financial markets that Lourdas assigned his class to chart NBA players' salaries and statistics.

No wonder our kids are so frikkin' stoo-pid!!!!

But this year, "I haven't had to use the NBA at all," he said. Now they are each following the performance of three stocks of their own choosing. 

The LOOTING of the whole system has always turned me off to economics; that's why I became a historian instead.

Ultimately, Lourdas said, the students are more interested because they are realizing that the dealings a few blocks away on Wall Street do affect their lives. The downturn has some worried they may not be able to afford college. 

But you SURE are getting an EJERKASHEN there, kids!!

"The inner-city kids were kind of indifferent," Lourdas said. But now "all of a sudden, you see it's clicking. They're getting it. Last year, it was more like feeding them the information."

At Plano West Senior High School in a prosperous Dallas suburb, Advanced Placement economics teacher Sally Meek said her students keep veering off into politics and policy, debating the presidential candidates' plans during the election and grappling with questions of how big a role government should take in trying to turn around the economy.

The Arizona Council on Economic Education is helping teachers design classes based on the current financial crisis. Senior program adviser John Morton said that in one lesson he is designing, students will create a market bubble and watch it pop.

How about designing a syatem that DOESN'T BUBBLE UP since that is the REASON for this MESS?!!!!!

In other lessons, students will try to apply lessons from the Great Depression to the current crisis.  Eric Branting was months away from graduating from NYU when Wall Street's troubles hit. Immersed in his first economics course, he decided to switch gears and major in the subject, delaying his graduation by a year.

"I think it's a great time to be getting into economics," the 21-year-old said. His macroeconomics professor, Branting said, is "throwing out three or four chapters of the textbook and desperately rewriting them and rethinking how he's teaching the class.  People like me who are getting this education right now are learning a whole different way of looking at things. It's exciting."

Yup, a DEPRESSION is "exciting" to the stoo-pid snot-nose here!!  Maybe I should just stop posting education stories; obviously, the kids don't give a shit or appreciate us older folk working on their behalf.  When you get caught up in the DRAFT, kiddo, don't wipe your nose on my shirt!!!!

But Hong Man Lam, an 18-year-old high school senior in New York who once hoped to become a stock trader, is starting to think that becoming an English teacher is looking more appealing.  "This is the exact opposite of what I expected," he said a few blocks from the New York Stock Exchange. "I don't want to be part of this big mess."

My faith in the youth has been redeemed!

--more--"  

More classes, kids:

"New fears arise in Mich., where hard times began years ago" by Susan Saulny and Monica Davey, New York Times  |  November 23, 2008

FENNVILLE, Mich. - ....   As a result of the steady job losses that began in the summer of 2000, 1.82 million Michigan residents, or close to 20 percent of the population, are now on some form of public assistance, including food stamps and home heating credits, a record for the state....  Around the state, home foreclosures are commonplace, the trust fund that pays unemployment benefits is millions of dollars in debt, food banks are struggling, and health agencies are reporting an uptick in people with symptoms like anxiety and depression. Suicides were up in recent years, although officials caution against drawing any direct links between deaths and the economy.... 

Yeah, you don't want to link the SUICIDES to the economy, heavens, no!!! 

And NEVER MIND the TRILLIONS we PISSED AWAY in IRAQ!! The WAR LOOTERS MADE OUT FINE!!!!!

--more--"

"In turbulent economy, boat owners abandoning thousands of crafts; Vessels long a barometer of consumer calm" by Malia Wollan, Associated Press  |  November 23, 2008

SAN FRANCISCO - From Southern California to Maine, the foundering economy, high fuel prices and poor fishing have driven boat owners to abandon perhaps thousands of vessels on the waterfront, where they are beginning to break up and sink, leaking oil and other pollutants. Boats have long been a barometer of consumer confidence, disposable income, and the overall state of the economy. Now, marina and harbor officials are reporting a sudden increase in the past year in the number of deserted pleasure boats and working vessels.... 

High fuel prices and several disastrous years in the nation's fishing industry have led fishermen to desert salmon boats in Washington state, crab boats in Maryland, trawlers in Oregon, and lobster boats in Florida....    It's not just barnacle-laden junkers that are being abandoned. More powerboat and sailboat owners have been failing to pay their slip fees, according to Randy Short, chief executive of Almar Management Inc., a company with 16 luxury marinas in California and Hawaii. 

Who really gives a fuck about the wealthy (or those brown-nosing shits who thought they were) and their yachts?  I DON'T!!!!!!!

--more--"

"Trouble engulfs University of Iowa; Suicides, assault charges cast pall" by Dirk Johnson, New York Times  |  November 23, 2008

IOWA CITY - ....   All the while, the university, with an enrollment of 30,000, is struggling to recover from this summer's devastating floods, which caused $230 million in damage and left some buildings in ruin. Art students, for example, are taking classes in an old Menards store. Some houses near the campus sit unoccupied, and some parks are a muddy mess. 

Yup, they STILL HAVEN'T CLEANED UP IOWA, still haven't cleaned up Katrina, haven't cleaned up Ike, and yet all those places have been FORGOTTEN by the SHIT-PUSHING, AGENDA-PROMOTING, AmeriKan MSM!!!   That is SOP for them, folks, and YEAH, I am TIRED OF IT!!!!!!!

--more--"

When Denise Maniscalco opened her shop doors at 7 a.m. last Tuesday, she already knew it was going to be a bad day. No one was waiting outside her Beantown Variety to buy their morning cup of coffee.  More and more of her office-worker regulars have been scrimping on her blueberry muffins or skipping lunch. Companies have canceled catering orders. Business has plunged 50 percent over the past six months, and she's not sure how much longer she can make it.

"It's the worst it's ever been. The layoffs are huge. People are working from home to save gas," Maniscalco said, as she leaned on the counter of her empty shop on Broad Street last week. "Lotto tickets are the only thing selling well."

The anxiety gripping the Financial District these days goes beyond the bankers and stockbrokers holed up in their offices, hoping the parade of pink slips passes them by. The barbers, shoe shiners, pizza guys, cab drivers, bartenders - they are feeling the pain, too. From Post Office Square to Liberty Square, businesses that depend on a financial sector are slashing employee hours, freezing unfilled jobs, and aggressively offering promotions to drum up sales.

Over the past six months, financial services companies, which are concentrated in downtown Boston, have shed 1,000 jobs, according to the state's Department of Workforce Development. This does not include a rash of layoffs announced this month from Fidelity Investments, Putnam Investments, MFS Investment Management, and Bank of New York Mellon Corp. The financial sector, including real estate, is expected to bleed 9,000 jobs over the next year, according to the New England Economic Partnership. By the time the labor market is expected to recover - near the end of 2010 - the financial sector statewide is estimated to lose 7.6 percent of jobs, nearly double the projected loss for overall employment.

In Massachusetts, the ripple effect could be huge. For every job lost in the financial services industry, roughly three more jobs would disappear: Data processors, consultants, and lawyers, among others, would suffer, according to a report on the "multiplier effect," from the Greater Boston Chamber of Commerce. This doesn't account for the jobs of thousands of other people who serve the Financial District.

"People aren't aware of how big the ripple effect is," said Jim Klocke, the chamber's executive vice president. "There's direct vendors of the financial services industry, like legal services and accounting, but there's also the sub shops, dry cleaners, and card shops that all depend on a lot of people downtown who are coming to work every day and making good salaries and spending some of the discretionary income in the area."

Spend a day in the Financial District from morning to evening, and it becomes clear how job losses and corporate cutbacks have trickled down to the businesses that serve this community. 

--more--"

WASHINGTON - President-elect Barack Obama signaled yesterday that he would pursue a far more ambitious plan of spending and tax cuts than anything he outlined on the campaign trail....  In the Democrats' weekly radio address, Obama said he would direct his economic team to design a two-year stimulus plan with the goal of saving or creating 2.5 million jobs....  He said he hoped to sign the stimulus package into law on Jan. 20. Obama is already coordinating with the Democratic leaders of Congress, who have said they will begin work in December. 

I keep trying to find the paragraphs in my paper, but this thing has been butchered, readers!

With the worsening economic turmoil certain....  Obama's advisers say they are intent on trying to use the crisis as an opportunity to act on many of the issues he emphasized in his campaign, including cutting taxes for lower- and middle-class workers, addressing neglected public infrastructure projects like roads and schools and creating new "green jobs" through federal business incentives for energy alternatives and environmentally friendly technologies.

In light of the recession, Obama is said to be reconsidering one key campaign pledge - his proposal to repeal the Bush tax cuts for the wealthiest Americans. According to several people familiar with the discussions, he instead might let those tax cuts expire as scheduled in 2011, effectively delaying any tax increase while he gives his stimulus plan a chance to work.

Tomorrow, Obama plans to introduce his economic team....

Now, WHY CUT THIS NEXT ITEM, readers?

which will also include Jacob J. Lew, a budget director under former president Bill Clinton who will serve as National Economic Council director....

Didn't want us to know that ANOTHER CLINTONITE was staffing the "change" administration?

Now back to the butchery:

Former Treasury Secretary Lawrence H. Summers is to be director of the National Economic Council in the White House, the president's principle economic adviser and policy coordinator, according to an Obama aide.  The economic team will also include Peter R. Orszag, head of the Congressional Budget Office, who will be the next White House budget director....  

"There are no quick or easy fixes to this crisis, which has been many years in the making," Obama said. "And it's likely to get worse before it gets better. But January 20th is our chance to begin anew, with a new direction, new ideas and new reforms that will create jobs and fuel long-term economic growth." 

Yup, "new, new, new," -- with OLD CLINTON HANDS!!!!   Oh, America, were you ever snookered by this guy! He's slicker than Clinton ever was!!!

Some Republicans might be won over should Obama decide not to repeal the Bush tax cuts for those making more than $250,000. By simply letting the cuts expire after 2010, as the law provides, Obama would in effect delay the tax increase that high-income taxpayers would have faced in the next year or two under his original plan.

That could have both economic and political benefits. Obama would not be open to the charge from Republicans and other critics that he is raising taxes in a recession, which many believe is counterproductive. By letting the tax cuts expire, Obama would get the benefit of higher revenues in 2011 and beyond to help finance his promised health care plans without having to propose raising taxes on the affluent, and without the Democratic majorities in Congress having to take a vote on a tax increase. 

Yup, YOUR FATE is all about POLITICS, America!!  Where is YOUR BAILOUT, and how come Congress isn't scrambling for you like they did for the BANKS?

The rest is all hatchet job filler, and honestly, I am sick of taking the time to hand-type MSM bullshit.  You get the point of everything; can you understand why I am in such agony and distress after chomping down Zio-prop s*** for breakfast?

WASHINGTON - President-elect Barack Obama will enter office in January facing an unprecedented budget deficit that will probably top $1 trillion, more than twice the previous record, further limiting his maneuvering room as he tries to boost the beleaguered economy and follow through on hundreds of billions of dollars worth of campaign promises, according to estimates by congressional officials and budget analysts.

There will be no change, and the red is an appropriate color for highlighting there, isn't it?

Even as he faces the skyrocketing deficit, Obama is considering a massive stimulus package that is intended to boost the economy but is expected to further increase the deficit by as much as $300 billion.  While the deficit had been expected to rise since the most recent official projection, $421 billion in September, the estimates provided to the Globe by the Senate Budget Committee and independent analysts painted the starkest picture yet of how the nation's financial crisis will affect the start of Obama's presidency.

"A trillion-dollar deficit is not only something you wouldn't have seen in an economic textbook, it is something that even a science fiction writer would not dare mention," said Stan Collender, one of the nation's most respected budget analysts, who was a budget staffer for both the House and Senate and now works for a Washington corporate communications company.  "What it tells you is that the next four years are going to be four of the roughest fiscal years in the history of the United States." 

But we will continue to spend TRILLIONS on WARS and BANK BAILOUTS, and BILLIONS on FOREIGN AID!

Related: The Pentagon Spending Sprees

With Obama expected to formally announce his economic team tomorrow, some analysts are urging him to use the occasion to explain that the exploding deficit has changed the fiscal terrain so dramatically that he must put off tax cuts and other costly programs to focus on putting the nation's financial fundamentals back in order.  "He should say we are facing a trillion-dollar deficit, that this is an emergency situation, it is a different world, and we are going to have to scale back on some of these promises," said Robert L. Bixby, executive director of the Concord Coalition, a nonpartisan budget watchdog group. 

Translation: Your aren't going to get squat, America!!!  And yet the WARS WILL GO ON and the BILLIONS will go to BANKS so Obama can PAY THEM BACK (with interest), etc, etc, etc.  America, WAKE UP:  YOUR COUNTRY is OVER!!!  Next up, the North American Union and the AMERO!!!! 

How about ENDING the DAMN WARS instead?

Yesterday, Obama announced that he has asked his economic team to craft a stimulus plan that would create 2.5 million jobs in the next two years, but he did not say how much the plan would cost or where the money would come from. One possibility is that Obama will take the second half of the already approved $700 billion financial bailout, which has not yet been allocated, for the stimulus plan. 

Oh NO HE WON'T!!!!  See: Paulson to Spend Entire $700 Billion of Bailout

Senator Judd Gregg of New Hampshire, the top Republican on the Senate budget panel, said that he expects Obama will face a deficit between $1 trillion and $1.2 trillion, once a stimulus bill is added. The deficit will probably be $1 trillion in the following year, Gregg said. By comparison, the deficit for the fiscal year that ended Sept. 30 was $455 billion, the current record.  Gregg said the problem is being compounded by an enormous drop in government tax revenues, which in recent years had been growing as investors cashed in stock market profits. With few people making money in stocks this year, tax revenues will fall sharply, probably by at least $100 billion. 

Not to mention the war-looting tax-evaders and outsourcing off-shoreres!!!!

"The economy is a dropping like a rock and the federal government will feel that very quickly on the revenue side," Gregg said in an interview. "I think it is very hard in the context of a trillion-dollar deficit to add new programs to the books." 

But we can STILL PAY TRILLIONS for WARS, BANKS, and fund Israel to the tune of BILLIONS a year!!!!

To put the dilemma in perspective, Gregg noted how quickly the size of the deficit has grown in relationship to the gross domestic product, the sum of all goods and services produced in the United States. Analysts said the deficit in the last fiscal year was 3.2 percent in relation to the GDP. But with the shrinking economy and the shortfall in tax revenues, that is projected to rise in the current fiscal year to about 8 percent, the highest rate since World War II. 

Translation: Bush has BANKRUPTED OUR NATION!!!

Analysts said that trend deserves scrutiny because the higher the deficit, the more the government must spend on paying interest on the debt, which in turn means less money for new programs or tax cuts - both of which Obama has promised.  If the deficit remains high "over enough years, it leads to a debt explosion" that could devastate the economy for years, said Richard Kogan, a senior fellow at the nonpartisan Center on Budget and Policy Priorities.    Nonetheless, many economists are urging Obama to push a stimulus package that will probably, at least in the short term, further increase the deficit. 

WAKE UP, AmeriKa!!!  Your economy has been DESTROYED!!!  And you know the worst part?  It was done ON PURPOSE by these PSYCHOPATHIC GLOBALIST MONSTERS who drool over WORLD DOMINATION!!!

Obama's advisers have suggested a stimulus package that could range between $100 billion to $300 billion. However, there has been strong disagreement on Capitol Hill about whether the package should be similar to a stimulus bill enacted earlier this year, which resulted in many taxpayers receiving $600 rebate checks, or whether it should focus on a jobs program such as funding infrastructure projects. 

Yup, after funding wars and cutting Paulson a $700 billion check (with $150 billion of corporate tax giveaways sprinkled on top), Congress is going to ARGUE and DELAY over YOUR "STIMULUS!!"  I wonder: when do Americans get tired of being anally raped?  Ever?

Gregg, who opposed the $600 rebate checks, said that program did little to stimulate the economy and resulted in much of the money being spent on goods produced in foreign countries, particularly China.... 

***************

Economists said the goal of the stimulus program would be to create enough growth to eventually offset the cost of the program and, in the long term, reduce the deficit. They said that if the stimulus plan does spur substantial growth, that would help the banks that have borrowed money from the government under the financial bailout plan to repay the loans with interest. That, in turn, would help shrink the deficit if other economic problems are brought under control, the economists said.  But even if Obama is successful in reversing the economic slowdown, he faces another longer-term deficit problem due to the ballooning costs of Social Security and Medicare as baby boomers retire. Obama still hopes to expand healthcare and push through other costly initiatives sought by his supporters. 

Yup, but we got TRILLIONS for WARS and BANKS, and ... awww, what's the use!?

The deficit received relatively little notice during the campaign. Bill Clinton left his successor, President Bush, with a budget surplus of $128 billion. That quickly turned into a deficit because of a combination of factors, including increased spending, across-the-board income tax cuts, an economic downturn, and some of the costs associated with improving homeland security after the Sept. 11 attacks.  The deficit started declining in 2004, prompting Republicans to say that the tax cuts were stimulating economic growth. But the deficit more than doubled in the last year as the economy slowed and the cost of the wars in Iraq and Afghanistan built up. 

Yeah, don't focus TOO CLOSELY on the MILITARISM and WARS and THEIR EFFECT on this economic catastrophe, you scuz ball piece of propaganda!!!  And INVESTIGATE the LIES and ACTORS behind them?  NEVER!

In the federal response to the financial crisis, a series of measures have added to the deficit in the last three months, including $105 billion to offset a scheduled increase in the alternative minimum tax and up to $350 billion to pay for the financial bailout (the second half of the $700 billion has not yet been allocated). 

But it WILL BE SOON (when you are NOT WATCHING over the HOLIDAYS, America; heard it hear first)!

Bixby said that while the deficit is a major concern, the bigger problem is that little is being done to ensure the accumulated national debt - $10.6 trillion, the highest in relation to GDP in a half century - is brought under control for the long term.

"We are doing nothing to get ourselves to dig ourselves out of it," Bixby said. "What's the end game? We don't have a responsible economic policy and we are on the verge of the baby boomers retiring, which means that there are going to be enormous budgetary pressures in the next several decades. This is a convergence of bad events."

Frontline Ltd., a shipping company that sends five to 10 tankers of crude a month through the Gulf of Aden, said it was negotiating a change of shipping routes with some of its customers, including oil companies Exxon Mobil, Shell, BP, and Chevron.

NEW YORK - With the sharp stock market decline for Citigroup rapidly becoming a full-blown crisis of confidence, the company's executives entered into talks with federal officials yesterday about how to stabilize the struggling financial giant.

In tense meetings and telephone calls, the executives and officials weighed several options, including whether to replace Citigroup's leadership or sell all or part of the company. Other options discussed included having the government try to steady Citigroup with a public endorsement or a new financial lifeline, people involved in the talks said....

At what point does the taxpayer go non-corporeal?

*******************

After a board meeting early yesterday, Citigroup's management and some board members held several calls with Treasury Secretary Henry M. Paulson and with the president of the Federal Reserve Bank of New York, Timothy L. Geithner, who hours later emerged as President-elect Barack Obama's choice to become the next Treasury secretary....

But with Citigroup's troubles opening a new chapter in the long-running financial crisis, government officials said the Treasury was considering whether to ask for the second half of the $700 billion rescue fund approved by Congress in September.

It was unclear whether any of that money would be used make a cash infusion into Citigroup, which received $25 billion from the government in October.

Oh, they ALREADY GOT $25 BILLION, huh?

I am SO FUCKING ANGRY RIGHT NOW!!!!!!!!!!!

A second financial rescue for banks might be difficult politically at a time the struggling auto industry is being turned away in Washington.

Yeah, THAT'S WHAT WOULD MAKE IT "politically difficult!" Not he WILL of the PEOPLE being AGAINST THIS LOOTING -- the fact that the AUTO COMPANIES didn't get anything!!

Yeah, YOU BET I'M MAD!!!!!!!!!!!!!!

As Citigroup's fortunes diminished yesterday, the company's embattled chief executive, Vikram S. Pandit, went on the offensive. He worked the phones and held a companywide call to shore up the confidence of anxious employees. Later in the day, the company held a similar call with large corporate customers. Tomorrow, Citigroup plans to run full-page advertisements in major metropolitan newspapers.

Oh, and HOW MUCH is that going to COST the TAXPAYERS?

Pfffffttt!

LIMA, Peru (AP) — In a final diplomatic dash, President George W. Bush on Friday moved to steady a shuddering economy and a wobbly effort to rid North Korea of its nuclear weaponry. Those twin aims framed Bush's weekend stop in Peru for the Asia-Pacific Economic Cooperation forum, where leaders arrived to the stark tone of a world teetering on recession....

That's the MSM COVER STORY, anyway!

For the REAL REASON keep reading!

Bush's pace picks up Saturday in the Peruvian capital of Lima. On Saturday, he will deliver a pro-trade economic speech, attend meetings of the 21-nation APEC coalition and meet individually with the heads of Canada, Russia, Japan and South Korea....

Does this guy understand the term LAME DUCK, or is he just NOT LEAVING?

Fucking psychopath!!!!

"We're facing a difficult challenge and there will be tough days ahead," Bush said in a Saturday radio address released early by the White House. "But by relying on these principles, we can be confident in the future of our nation and the world."

Whose WE, asshole? It SURE AS HELL AIN'T GONNA BE YOU, prick!!!!

Aboard Air Force One en route to Peru, Bush aides outlined modest goals, but ones that could still be marked as progress in what will likely be the president's last foreign trip....

Better be!!

*******************

In Peru, his goal is to get more countries to buy into a global response plan hatched last weekend in Washington. The Group of 20, made up of the world's richest countries and emerging powers, adopted a package of measures aimed at better oversight and regulation....

Yup, that's why he went: to FURTHER his GLOBALIST MASTERS' PLANS!!!!!

Bush aides representing Latin and Western Hemisphere affairs offered broad and unsolicited defenses Friday of the Bush's record on diplomacy, security and humanitarian aid. And the president himself engaged a little.

In a television interview the day before he left, Bush said he has "given it my all" on several fronts. "And I'm very hopeful that these measures will make it easier for President-elect Obama, not harder," he said.

He IS NUTS!!!!

Bob Feldman 68 said...

Treasury Secretary Designate Geithner’s Kissinger Associates Connection-Part 1

Between 1986 and 1989, U.S. Treasury Secretary Designate Timothy Geithner was employed at Henry Kissinger, Brent Scowcroft and Lawrence Eagleburger’s Kissinger Associates influence-peddling firm, which also employed George W. Bush’s former special envoy to Iraq, L. Paul Bremer, during the early 1990s. A leading candidate for Commerce Secretary, Bill Richardson, also is a former employee of Kissinger Associates.

An expose, titled “The `Kissinger Affair’: A Look At Henry Kissinger’s Kuwaiti Connection,” which appeared in the March 27, 1991 issue of a Lower East alternative newsweekly Downtown, began with the following quotation from the April 20, 1986 issue of the New York Times Magazine about Kissinger Associates during the years that Treasury Secretary Designate Geithner worked there:

“It is very difficult to pin down what Mr. Kissinger and the others are really doing in the business end of their lives. None will say for attribution who their clients are or discuss the specifics of what they do, although they do talk about their work with the understanding that they not be identified…Kissinger Associates requires a clause in its contracts stating that neither the firm nor its clients will divulge a business connection…”

In 1991, T. Jefferson Cunningham III, according to Moody’s International Manual, was on the board of directors of Treasury Secretary Designate Geithner’s former employer. That same year Kissinger Associates Director Cunningham was also a director of the Midland Bank of Britain and 10.5 percent of Midland Bank’s stock was owned by the government of Kuwait. And coincidentally, Geithner’s former boss at Kissinger Associates, Henry Kissinger, was not reluctant to use his special influence on behalf of his Midland Bank/Kuwaiti government business associates after August 1990 to push for the January 1991 Pentagon high-technology military attack on Iraq that led to thousands of Iraqi civilian casualties.

In the April 20, 1986 New York Times Magazine article, titled “Kissinger Means Business: Corporate America is eagerly seeking Henry Kissinger’s insight and celebrity,” the Times then-national security correspondent, Leslie Gelb, reported that the Midland Bank of Britain was also one of the special influence-purchasing clients of Kissinger Associates that paid Treasury Secretary-Designate Geithner’s former employer “slightly more than $150,000 yearly for varying services.” Gelb also noted that “The other top members of the firm” were “Lieut. General Brent Scowcroft, President Ford’s National Security adviser, and Lawrence S. Eagleburger, who was an Under-Secretary of State in the Reagan Administration.”

In the early 1990s, Treasury Secretary-Designate Geithner’s Kissinger Associates colleagues, Scowcroft and Eagleburger, were both high officials in the Bush I Administration. Scowcroft, a former Santa Fe International director who received personal payments from the Kuwaiti government-owned Kuwait Petroleum Corporation (KPC) subsidiary in 1984, 1985 and 1986, was Bush I’s national security affairs adviser. And Eagleburger was Bush’s Deputy Secretary of State.

According to a profile of Scowcroft that appeared in the Times on Feb. 21, 1991, it was the presentation of Geithner’s former Kissinger Associates colleague at a National Security Council meeting on Aug. 3, 1990 “that made clear what the stakes were, crystallized people’s thinking and galvanized support for a strong response” to the Iraqi military occupation of Kuwait, which had led to the deaths of hundreds of thousands of Iraqi civilians from either Pentagon military operations or U.S. economic sanctions since January 1991.

Kissinger Associates was established in 1982, four years before Treasury Secretary-Designate Geithner joined the firm, after Henry Kissinger secured a loan from EM Warburg, Pincus & Company, an investment banking firm and when Treasury Secretary-Designate Geithner worked for Kissinger in the late 1980s the Kissinger Associates Manhattan office was located at 350 Park Avenue on the corner of 52nd Street—in the same building as Chase Manhattan Bank’s Commercial Bank of Kuwait subsidiary local office.

The building’s lobby at that time contained a computerized building directory of all the building’s tenants. But, according to New York Times then-national security correspondent Gelb’s April 20, 1986 “Kissinger Means Business” article, “Punch `K’ and you will not find Kissinger Associates, for Henry A. Kissinger still receives threats, so, for security reasons, you have to be invited to learn what floor his firm is on.”

Kissinger Associates also had an office in Washington, D.C. of three researchers and four clerks which was headed by Scowcroft when Treasury Secretary-Designate Geithner worked for the firm. According to Times correspondent Gelb, only about 25 people then worked in both the Manhattan and Washington, D.C. offices of Kissinger Associates, “including Mr. Kissinger’s bodyguards” and Geithner.

In 1991 a Kissinger Associates spokesperson told me in a telephone interview that Geithner’s 1980s employer was “an international consulting firm.” But, according to the April 20,1986 New York Times Magazine article, “Kissinger Means Business,” although “these consultants are not lobbyists in the strict sense of the word,” some of them “are involved in selling their influence at home and almost all do so abroad.” (end of part 1)

NEW YORK - Wall Street put a stop to a terrifying decline and stormed higher yesterday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next Treasury secretary and hand him the herculean task of righting the US financial system.

The Dow Jones industrial average, which was about even for the day until news of the nomination leaked about an hour before the close, raced upward and finished 494 points higher, a rally of 6.5 percent. The outbreak of buying pushed the Dow above 8,000 - a figure that would have seemed like a nightmare three months ago but yesterday was a relief for Americans who have watched their investments and retirement savings drain away with alarming speed. --more--"

Yeah, the Dow going over 8,000 was a "relief!"

Connecticut Senator Christopher Dodd said yesterday he and Massachusetts Representative Barney Frank are working on a plan to help the US auto industry survive until the spring, when the Obama administration can tackle the industry's financial crisis.

Dodd said he and Frank hope to have the "bridge plan" ready for Congress to consider when members go back to work on Dec. 8.

Where is YOUR BRIDGE, American?

Dodd said President-elect Obama must become more engaged in finding a solution to Detroit's problems. "We cannot lose the automobile industry," said Dodd, the Senate Banking Committee chairman. "That would be the end of manufacturing in America."

We ALREADY HAVE!! Please, tell me WHY YOU GUYS cut them TAX BREAKS to OUTSOURCE and OFFSHORE?!!!

This is just more FART MIST from another FAT-ASSED POLITICIAN who is trying to find some way to give taxpayer money away to greedy, wasteful corporations and their fat-cat executives!!!!!!!

Top executives of General Motors Corp., Chrysler, and Ford Motor Co. went to Washington this week seeking roughly $25 billion but ran into so much opposition that Congress delayed voting on the bailout until the automakers prove they can be viable.... --more--"

The surprise change in leadership right before the crucial holiday season comes as Wal-Mart has roared back to success as people looking for bargains shop more at discounters. Still, the company faces hurdles ahead amid slowing growth in the United States, and analysts say the decision to tap an international executive serves as a testament that the company sees its growth coming overseas....

They have GIVEN UP on you, America, because they SEE WHAT'S COMING!!

ONLY YOU DO NOT!!!!

Construction has stopped on a $300 million biotechnology laboratory in the Longwood Medical Area as the city's medical sector, which previously seemed insulated from the nation's economic problems, begins to feel the effects of the worsening downturn....

Meanwhile, Brigham and Women's Hospital said yesterday it is delaying plans to renovate its patients tower and may scale back the project as tightening finances begin to restrict what has been a prolonged building boom in the Longwood area....

The two projects are the latest real estate ventures to be put on hold amid the faltering economy. Their troubles show the downturn is beginning to filter through the region's vaunted medical industry, which has been viewed as a financial stalwart that could prevent deeper economic problems in Massachusetts....

So much for that idea. We'll probably end up better off. Less tax dough being tossed at Big Pharma!!!

"The economic downturn is starting to filter into areas we thought were immune from this," said Mark Winters, managing principal of the global life sciences practice for Cushman & Wakefield, a real estate firm.... --more--"

MOSCOW - .... Russians are feeling the pinch. Smaller banks have been shuttered. Layoffs are roiling companies around the country. The ruble has slipped steadily against the dollar in past weeks, rattling many Russians enough to convert their rubles savings to other currencies - or remove them from the bank altogether.

The crisis goes straight to Putin's Achilles' heel, raising the long-muttered question of whether it was keen policy, or simply the good luck of coinciding with record-breaking oil prices, that allowed him to preside over a period of growth and prosperity.

You know, in thinking about that, is it not strangely coincidental and curious that oil started falling just as Iran and Russia were getting rich?

"We will do our best to prevent a recurrence of the past meltdown in our country," Putin said yesterday....

I think Putin just threw down the gauntlet!

"Putin managed to wrestle back control of his country for the sake of the Russian people although whether he’ll be able to fight off the next Jewish political assault is far from certain."

When it comes to their pocketbooks, Russians are hard to placate; they've received promises in the past and wound up losing their savings.

How about you, America? You don't mind being looted and made poor, right?

In his speech, Putin appeared eager to take the power out of those fears by naming and dismissing them. He offered the country sweeping promises to "pursue the monetary policy prudently, maintain a predictable rate of the national currency, consistently fight inflation and secure the fulfillment of social obligations."

There was a time when Russia's leader could afford to make big promises. With oil booming all the way up to $147 a barrel last summer, Russia luxuriated in a budget surplus and stockpiled one of the world's richest reserves. The Kremlin is used to having money to spare.

But the government has been dipping deep into the reserves in an effort to stabilize a free-falling economy. The reserves dwindled more than $20 billion last week alone, falling to $453.5 billion.

Yup, making the Russians pull out there reserves.

While Putin was seeking to calm Russians' fears through state-run television, his finance minister warned reporters that the budget will probably slip into the red next year....

Communist Party leader Gennady Zyuganov told Interfax that the cash distributed by the government to big banks has failed to help the real economy or trickle down to the street level: "This is a glaring example of the absence of effective control over the banking community on the part of the executive," he said. --more--"

Gee, does THAT ever sound like AmeriKa or what? The INSIDE JOB TYRANNY is the same, too, folks. It's just that Russia's gets a lot more attention in the Zionist AmeriKan MSM!

"Moscow juror protests holding trial in slaying of reporter behind doors" by Philip P. Pan, Washington Post | November 21, 2008

MOSCOW - .... Politkovskaya, a fierce Kremlin critic known for her reports on human rights abuses in the restive Russian republic of Chechnya, was shot to death as she entered her Moscow apartment building Oct. 7, 2006. More than two years later, police have yet to arrest the gunman or identify who ordered and financed the attack, which investigators describe as a contract killing.

The shooting occurred on the birthday of then-President Vladimir Putin, fueling speculation about a possible official role in the crime, perhaps involving members of the security services angered by Politkovskaya's reporting.

Politkovskaya's relatives, as well as colleagues at her newspaper, Novaya Gazeta, have accused the security services of obstructing the investigation by withholding evidence and leaking information that allowed the suspected triggerman and others to escape.

Like bin Laden "escaped" from Tora Bora?

Doesn't this all seem ALL TO FAMILIAR, Americans?

Prosecutors have charged three men, including a former police major, with helping to organize the killing. A fourth suspect, a former colonel in the FSB, the domestic successor to the KGB, faces charges in a separate case.... --more--"

You know, I heard that Beslan was an INSIDE JOB, too!!

Ask yourself one question, readers: CUI BONO?