AS THE WORLD SQUIRMSâ

Tuesday, August 07, 2007

“Preventive war was an invention of Hitler. Frankly, I would not even listen to anyone seriously that came and talked about such a thing.”

~Dwight D. Eisenhower

 

 

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US death toll in Iraq passes 3500

June 8, 2007

 

 

 

Sunday: 4 GIs, 116 Iraqis Killed; 49 Iraqis Wounded

 

Monday: 8 GIs, 123 Iraqis Killed; 131 Iraqis Wounded

 

 

 

 

 

DC Notes: Disability claims from Iraq, Afghanistan vets top 176,000

 

 

Real-Time Financial Cost (Known) of the Iraq War

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With Thanks to J.T. for the "Thingie" - Ed...

 

 

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Red Cross confirms Bush administration, CIA used torture

CBS News

August 7, 2007

 

(Excerpt)

The CIA's interrogation of high-value detainees began in March 2002 with the capture of al Qaeda operative Abu Zubayadah.

"Lacking in-house specialists on interrogation, the agency hired a group of outside contractors, who implemented a regime of techniques that one well-informed former adviser to the American intelligence community described as 'a "Clockwork Orange" kind of approach,'" Mayer reports.

Retired military psychologists who had trained Special Forces soldiers how to survive torture essentially modified the program and used their "expertise to help interrogators inflict abuse," Mayer reports.

"They were very arrogant, and pro-torture," an unnamed European official knowledgeable about the program told Mayer. "They sought to render the detainees vulnerable -- to break down all their senses."

 

 

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Mea Culpa

WMDs – THE REAL THING

American Spreads Hiroshima’s Nuclear Legacy

 

MSNBC

August 4, 2007

 

(Excerpt)

TOKYO - Sixty-two years later, the memory of the atomic bombing of Hiroshima still holds such a grip on Japan that its defense minister has had to resign simply for suggesting the attack was "unavoidable.” Now, in a sign of changing times, the task of spreading Hiroshima's message to the world has been entrusted to an American, a citizen of the country that dropped the bomb on Aug. 6, 1945.

 

Monday's anniversary comes just a month after Fumio Kyuma was forced to quit as defense minister for seeming to implying that the bombing was inevitable, because otherwise Japan would have gone on fighting and would have lost territory to a Soviet invasion.

 

Not so, says Steven Leeper, the first American to head the Hiroshima Peace and Culture Foundation. "Historically, that's not correct," he said in an interview, "And it's unbelievable that he said it."Leeper shares the view of most Japanese: that Japan had already lost the war and that the bombing of Hiroshima, and of Nagasaki three days later, was wrong and unnecessary.

 

"Everybody knows on the left and the right that Japan was finished at the time the bomb was dropped," Leeper said.

 

Historically, the American justification was that the bombing ended the war and limited the number of U.S. military and Japanese civilian lives that would have been lost in a land invasion.

 

The Japanese perspective argues that Japan was already working on negotiating a peace treaty, as well as a surrender, and that the U.S. dropped the bomb to test its destructive power and to intimidate the Soviet Union.

 

 

 

 

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Beyond Disaster: The war in Iraq is about to get worse—much worse

 

By Chris Hedges

Truthdig.com

August 6, 2007

 

(Excerpt)

The war in Iraq is about to get worsemuch worse.  The Democrats decision to let the war run its course, while they frantically disown responsibility, means that it will sputter and stagger forward until the mission collapsesThis will be sudden.  The security of the Green Zone, our imperial city, will be increasingly breached.  Command and control will disintegrate.  And we will back out of Iraq humiliated and defeated.  But this will not be the end of the conflict.  It will, in fact, signal a phase of the war far deadlier and more dangerous to American interests. 

 

Iraq no longer exists as a unified country.  The experiment that was Iraq, the cobbling together of disparate and antagonistic patches of the Ottoman Empire by the victorious powers in the wake of World War I, belongs to the history books.  It will never come back.  The Kurds have set up a de facto state in the north, the Shiites control most of the south and the center of the country is a battleground.  There are:

 

·        2 million Iraqis who have fled their homes and are internally displaced.

·        Another 2 million have left the country, most to Syria and Jordan, which now has the largest number of refugees per capita of any country on Earth.

·        An Oxfam report estimates that one in three Iraqis are in need of emergency aid, but the chaos and violence is so widespread that assistance is impossible.  Iraq is in a state of anarchy. 

 

The American occupation forces are one more source of terror tossed into the caldron of suicide bombings, mercenary armies, militias, massive explosions, ambushes, kidnappings and mass executions.  But wait until we leave.

 

It was not supposed to turn out like this.  Remember all those visions of a democratic Iraq, visions peddled by the White House and fatuous pundits like Thomas Friedman and the gravel-voiced morons who pollute our airwaves on CNN and Fox News?  They assured us that the war would be a cakewalk.  We would be greeted as liberators.  Democracy would seep out over the borders of Iraq to usher in a new Middle East.  Now, struggling to salvage their own credibility, they blame the debacle on poor planning and mismanagement.

 

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Iraqi Political Crisis Grows

By SAMEER N. YACOUB,

Associated Press Writer

August 6, 2007

 

(Excerpt)

BAGHDAD - Iraq's political crisis worsened Monday as five more ministers announced a boycott of Cabinet meetings leaving the embattled prime minister's unity government with no members affiliated with Sunni political factions.

 

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America's 'Terror Wars' and the ‘quiet’,  ignored lessons of Northern Ireland

 

The Boston Globe

August 2, 2007

 

(Excerpt)

The conduct of this campaign and the way it ended provide lessons to the United States today, if only we are prepared to learn them. Instead we seem intent, just like the British in Northern Ireland, on learning only from our own mistakes.

 

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American disconnection

By James Carroll

International Herald Tribune, France (via The Boston Globe)

August 6, 2007

 

(Excerpt)

Regarding Iraq, the answer is clear: My nation keeps the conflagration burning. Like legions of Americans, I have long since concluded that the Iraq war is misbegotten and must end, but I helplessly watch as it careens along, like a runaway train from an old movie, with "responsible" figures from the Pentagon to the White House to Congress to opinion makers continually pouring more fuel into its boilers. Throttle on!

Here is the disconnect that matters this August: A vast population of shamed American citizens, seeing the war as key to multiple unfolding disasters, regard it as the most pressing issue in the world. But so what? Private brooding desperately seeks a mode of public action, yet is thwarted.

 

The American myth is that such concern gives form to the political process, never more so than during a presidential election. But there, too, as the candidate debates steadily show, the defining note is one of ineffectual detachment.

 

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~INTERVIEW~

 

Sheldon Richman, editor of The Freeman, discusses the history of American imperialism and the growth of domestic government since America lost the Spanish-American war, the roots of Anti-American terrorism (Bush I and Bill Clinton), laissez faire economics, libertarianism and social Darwinism.

Click Here For MP3 Audio Stream

Sheldon Richman is editor of The Freeman, published by The Foundation for Economic Education

 

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Media Blitz for War: The Big Guns of August

 

by Norman Solomon

AntiWar.com

August 3, 2007

 

(Excerpt)

This week the U.S. media establishment is mainlining another fix for the Iraq war: It isn't so bad after all, American military power could turn wrong into right, chronic misleaders now serve as truth-tellers. The hit is that the war must go on.

When the White House chief of staff Andrew Card said five years ago that "you don't introduce new products in August," he was explaining the need to defer an all-out PR campaign for invading Iraq until early fall. But this year, August isn't a bad month to launch a sales pitch for a new and improved Iraq war. Bad products must be re-marketed to counteract buyers' remorse.

"War critics" who have concentrated on decrying the lack of U.S. military progress in Iraq are now feeling the hoist from their own petards. But that's to be expected. Those who complain that the war machine is ineffective are asking for more effective warfare even when they think they're demanding peace.

If Michael O'Hanlon and Kenneth Pollack didn't exist, they'd have to be invented. The duo's op-ed piece Monday in the New York Times, under the headline "A War We Just Might Win," was boilerplate work from elite foreign-policy technicians packaging themselves as "two analysts who have harshly criticized the Bush administration's miserable handling of Iraq." A recent eight-day officially guided tour led them to conclude that "we are finally getting somewhere in Iraq, at least in military terms."

Both men have always been basic supporters of the Iraq war. O'Hanlon is a prolific writer at the Brookings Institution. Pollack's credits include working at the CIA and authoring the 2002 bestseller The Threatening Storm: The Case for Invading Iraq. In the years since the candy and flowers failed to materialize, their critiques of the Iraq war have been merely tactical.

 

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War Made Easy

Part 2

(Movie)

 

 

"The 'common good' of a collective a race, a class, a state was the claim and justification of every tyranny ever established over man. Every major horror of history was committed in the name of an altruistic motive. Has any act of selfishness ever equaled the carnage perpetuated by the disciples of altruism? The most dreadful butchers were the most sincere. They believed in the perfect society reached through the guillotine and the firing squad. Nobody questioned their right to murder since they were murdering for an altruistic purpose. It was accepted that man be sacrificed for other men."

~Ayn Rand~

(Speaking through the character Howard Roark - The hero in The Fountainhead)

 

 

 

 

 

 

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CIA: Agency of Rogues

 

By Chalmers Johnson

Tomdispatch.com

July 24, 2007

 

The secret prison was set up on a secure U.S. Naval base outside the U.S. and so beyond the slightest recourse to legal oversight. It was there that the CIA clandestinely brought its suspects to be interrogated, abused, and tortured.

 

That description might indeed sound like Guantanamo 2002, but think again. According to New York Times reporter Tim Weiners new history of the Central Intelligence Agency, Legacy of Ashes a remarkable treasure trove of grim and startling information you hadnt known before this actually happened first in the Panama Canal Zone in the early 1950s. It was there, as well as at two secret prisons located in Germany and Japan, the defeated Axis powers (and not, in those days, in Thailand or Rumania), that the CIA brought questionable double agents for secret experiments in harsh interrogation, using techniques on the edge of torture, drug-induced mind control, and brainwashing. This was but a small part of Project Artichoke, a 15-year, multi-billion dollar search by the CIA for ways to  control the human mind.

 

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Rorschach and Awe

James Elmer Mitchell And Bruce Jessen,

Washington’s Sociopathic-Architects Of Torture and Depravity

America's ‘coercive’ interrogation methods were reverse-engineered by two C.I.A. psychologists who had spent their careers training U.S. soldiers to endure

Communist-style torture techniques. The spread of these tactics was fueled by a myth about a critical "black site" operation.

 

by Katherine Eban

Vanity Fair

July 17, 2007

 

(Excerpt)

Mitchell and Jessen's methods were so controversial that, among colleagues, the reaction to their names alone became a litmus test of one's attitude toward coercion and human rights. Their critics called them the "Mormon mafia" (a reference to their shared religion) and the "poster boys" (referring to the F.B.I.'s "most wanted" posters, which are where some thought their activities would land them).

 

The reversed sere tactics they originated have come to shatter various American communities, putting law enforcement and intelligence gathering on a collision course, fostering dissent within the C.I.A., and sparking a war among psychologists over professional identity that has even led to a threat of physical violence at a normally staid A.P.A. meeting. The spread of the tacticsand the photographs of their wild misuse at Abu Ghraibdevastated America's reputation in the Muslim world. All the while, Mitchell and Jessen have remained more or less behind the curtain, their almost messianic belief in the value of breaking down detainees permeating interrogations throughout the war effort.

 

"I think [Mitchell and Jessen] have caused more harm to American national security than they'll ever understand," says Kleinman.

The bitterest irony is that the tactics seem to have been adopted by interrogators throughout the U.S. military in part because of a myth that whipped across continents and jumped from the intelligence to the military communities: the false impression that reverse-engineered sere tactics were the only thing that got Abu Zubaydah to talk.

 

 

 

 

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Why Do They Hate Us? Start With John Bolton

 

By Jim Lobe

Inter Press Service

August 2nd, 2007

 

(Excerpt)

Does former UN Amb. John Bolton now with the neo-conservative American Enterprise Institute (AEI) still speak for Dick Cheney?

 

The new British government of Prime Minister Gordon Brown must be scratching its collective head over that question given the truly unbelievably arrogant and threatening op-ed Bolton, a Cheney protege, published in Wednesdays Financial Times.

 

The columns title, Britain Cannot Have Two Best Friends, refers to what Bolton calls a clear decision point for Britain to choose between the United States and the European Union or, as he refers to it, the European porridge of which he so clearly disapproves. For Bolton, it is a zero-sum game, and, in his view, it is now up to Brown to make the choice. [W]hether the special relationship grows stronger or weaker lies entirely in British hands, he states.

 

 

 

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“Mission Accomplished”

Iraq's National Power Grid Nearing Collapse

 

By Ryan Lenz

AP

August 5, 2007

 

(Excerpt)

Electricity shortages are a perennial problem in Iraq, even though it sits atop one of the world's largest crude-oil reserves. The national power grid became decrepit under Saddam Hussein because his regime was under U.N. sanctions after the Gulf War and had trouble buying spare parts or equipment to upgrade the system.

 

One of the biggest problems facing the national grid is the move by provinces to disconnect their power plants from the system, reducing the overall amount of electricity being generated for the entire country. Provinces say they have no choice because they are not getting as much electricity in return for what they produce, mainly because the capital requires so much power.

 

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The “Iraq Model”

Iran feels the chill in US cold war tactics

 

By Kaveh L. Afrasiabi

Global Research, Canada - via Asia Times

August 2, 2007

 

(Excerpt)

Washington has dispatched its frontroom team, Defense Secretary Robert Gates and Secretary of State Condoleezza Rice, to the Middle East, ostensibly to give the peace process a big push. In reality, they are acting as shrewd arms merchants, while at the same time talking of the struggle for people for freedom against oppression. Someone please order Joseph Heller's Catch 22 as mandatory flight reading for them.

Indeed, echoes of Heller's nerdy bombardier, Captain John Yossarian, who alerted the world to the insanity of modern capitalistic warfare more than anyone else, can be heard aplenty, eclipsing the trailblazers of Washington's new manifest destiny who are "spreading Jeffersonian democracy" to the dark Middle East.

But don't expect Rice to push for women's suffrage in Saudi Arabia and other US client states when her plane lands in the oil region. Her obligatory "we will push for reform" is for domestic consumption. Not so with the rest of her rationale for the huge arms sales to the Saudis and a generous aid package to the other Arab "moderate", Egypt, which recently shied away from normalizing ties with Iran precisely out of fear of losing Washington's assistance. It all boils down to one word: Iran.

"There isn't a doubt that Iran constitutes the single most important single-country strategic challenge to the United States and to the kind of the Middle East that we want to see," Rice has been quoted as saying in the Washington Post, whose reporter, Robin Wright, has not minced any words in describing the situation as a "cold war."

So just as the US armed to the teeth its authoritarian, at times bloodthirsty, allies in the name of anti-communism,
the same logic now operates in the name of containing Iran.

 

 

 

 

 

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Inch by Inch…

 

DEMOCRATS SELL OUT: Congressionals Enable A Surveillance Law Far Exceeding White House Needs

Democrat or Republican, What is the Difference? Feckless Congressionals Vote to Expand Bush’s Warrantless Wiretap Program

 

“For the first time, the new law makes surveillance without warrants, which was being conducted in secret by the NSA and in disregard of the Foreign Intelligence Surveillance Act, legal.”

 

By James Risen

The New York Times

August 6, 2007

 

James Risen reports for The New York Times that Bush has signed legislation into law broadly expanding the government's authority to eavesdrop on the international telephone calls and email messages of American citizens without warrants.

 

The impact reaches far beyond what the Bush administration had said was needed to gather information about foreign terrorists. For the first time, the new law makes surveillance without warrants, which was being conducted in secret by the NSA and in disregard of the Foreign Intelligence Surveillance Act, legal. FISA is the 1978 law that was supposed to regulate the way the government can listen to the private communications of American citizens.

 

Following is a list of Democrats who voted for the FISA Bill which signed into law the Bush administration's authority to eavesdrop on US citizens, and making surveillance without warrants, which was being conducted in secret by the NSA in violation of the Foreign Intelligence Surveillance Act of 1978, legal.

 

House

Senate

Jason Altmire (4th Pennsylvania)
John Barrow (12th Georgia) Blue Dog
Melissa Bean (8th Illinois) Blue Dog
Dan Boren (2nd Oklahoma) Blue Dog
Leonard Boswell (3rd Iowa)
Allen Boyd (2nd Florida) Blue Dog
Christopher Carney (10th Pennsylvania) Blue Dog
Ben Chandler (6th Kentucky) Blue Dog
Jim Cooper (5th Tennessee) Blue Dog
Jim Costa (20th California) Blue Dog
Bud Cramer (5th Alabama) Blue Dog
Henry Cuellar (28th Texas)
Artur Davis (7th Alabama)
Lincoln Davis (4th Tennessee) Blue Dog
Joe Donnelly (2nd Indiana) Blue Dog
Chet Edwards (17th Texas)
Brad Ellsworth (8th Indiana) Blue Dog
Bob Etheridge (North Carolina)
Bart Gordon (6th Tennessee) Blue Dog
Stephanie Herseth Sandlin (South Dakota) Blue Dog
Brian Higgins (27th New York)
Baron Hill (9th Indiana) Blue Dog
Nick Lampson (23rd Texas) Blue Dog
Daniel Lipinski (3rd Illinois)
Jim Marshall (8th Georgia) Blue Dog
Jim Matheson (2nd Utah) Blue Dog
Mike McIntyre (7th North Carolina) Blue Dog
Charlie Melancon (3rd Louisiana) Blue Dog
Harry Mitchell (5th Arizona)
Colin Peterson (7th Minnesota) Blue Dog
Earl Pomeroy (North Dakota) Blue Dog
Ciro Rodriguez (23rd Texas) Blue Dog
Mike Ross (4th Arkansas) Blue Dog
John Salazar (3rd Colorado) Blue Dog
Heath Shuler (11th North Carolina) Blue Dog
Vic Snyder (2nd Arkansas)
Zachary Space (18th Ohio) Blue Dog
John Tanner (8th Tennessee) Blue Dog
Gene Taylor (4th Mississippi) Blue Dog
Timothy Walz (1st Minnesota)
Charles A. Wilson (6th Ohio) Blue Dog

Evan Bayh

Tom Carper

Bob Casey

Kent Conrad

Dianne Feinstein

Daniel Inouye

Amy Klobuchar

Mary Landrieu

Blanche Lincoln

Claire McCaskill

Barbara Mikulski

Bill Nelson (Florida)

Ben Nelson

Mark Pryor

Ken Salazar

Jim Webb

 

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U.S. FISA Court "Secretly" Struck Down Bush Spying

Reuters – India

August 3, 2007

 

(Excerpt)

WASHINGTON (Reuters) - A U.S. intelligence court earlier this year secretly struck down a key element of President George W. Bush's warrantless spying program, The Washington Post reported in its Friday edition.

The decision is one reason Congress is trying to give legal authorization to the spying program in fevered negotiations with the Bush administration this week, the Post reported.

The intelligence-court judge, who remains anonymous, concluded that the government had overstepped its authority by monitoring overseas communications that pass through the United States, the Post said, citing anonymous government and congressional sources.

The Bush administration expanded its surveillance efforts after the Sept. 11, 2001, hijacking attacks, without court oversight. The court was allowed to review the program in January.

 

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ACLU Condemns Administration Circumvention of Spy Judge

 

 

 

 

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Return of the Robber Barons

By Paul Craig Roberts

VDARE.com

August 1, 2007

 

As the Bush Regime outfits B-2 stealth bombers with 30,000-pound monster "bunker buster" bombs for its coming attack on Iran, the US economy continues its 21st century decline. While profits soar for the armaments industry, the American people continue to take it on the chin.

 

The latest report from the Bureau of Labor Statistics shows that the real wages and salaries of US civilian workers are below those of 5 years ago. It could not be otherwise with US corporations offshoring good jobs in order to reduce labor costs and, thereby, to convert wages once paid to Americans into multi-million dollar bonuses paid to CEOs and other top management.

 

Good jobs that still remain in the US are increasingly filled with foreign workers brought in on work visas. Corporate public relations departments have successfully spread the lie that there is a shortage of qualified US workers, necessitating the importation into the US of foreigners. The truth is that the US corporations force their American employees to train the lower paid foreigners who take their jobs. Otherwise, the discharged American gets no severance pay. [See, for example, BofA: Train your replacement, or no severance pay for you  By David Lazarus, San Francisco Chronicle, 2006] Law firms, such as Cohen & Grigsby, compete in marketing their services to US corporations on how to evade the law and to replace their American employees with lower paid foreigners. As Lawrence Lebowitz, vice president at Cohen & Grigsby, [send him mail] explained in the law firms marketing video, "our goal is clearly, not to find a qualified and interested US worker."

 

Meanwhile, US colleges and universities continue to graduate hundreds of thousands of qualified engineers, IT professionals, and other professionals who will never have the opportunity to work in the professions for which they have been trained. America today is like India of yesteryear, with engineers working as bartenders, taxi cab drivers, waitresses, and employed in menial work in dog kennels as the offshoring of US jobs dismantles the ladders of upward mobility for US citizens.

Over the last year (from June 2006 through June 2007) the US economy created 1.6 million net private sector jobs. As Charles McMillion of MBG Information Services reports each month, essentially all of the new jobs are in low-paid domestic services that do not require a college education.

 

The category, "Leisure and hospitality," accounts for 30% of the new jobs, of which:

·        387,000 are bartenders and waitresses,

·        38,000 are workers in motels and hotels, and

·        50,000 are employed in entertainment and recreation.

 

The category, "Education and health services," accounts for 35% of the gain in employment, of which:

·        100,000 are in educational services and

·        456,000 are in health care and social assistance, principally ambulatory health care services and hospitals.

 

"Professional and technical services" accounts for 268,000 of the new jobs. "Finance and insurance" added 93,000 new jobs, of which about one quarter are in real estate and about one half are in insurance. "Transportation and warehousing" added 65,000 jobs, and wholesale and retail trade added 185,000.

Over the entire year, the US economy created merely 51,000 jobs in architectural and engineering services, less than the 76,000 jobs created in management and technical consulting (essentially laid-off white collar professionals).

 

Except for a well-connected few graduates, who find their way into Wall Street investment banks, top law firms, and private medical practice, American universities today consist of detention centers to delay for four or five years the entry of American youth into unskilled domestic services.

 

Meanwhile the rich are getting much richer and luxuriating in the most fantastic conspicuous consumption since the Gilded Age. Robert Frank has dubbed the new American world of the super-rich "Richistan."

In Richistan there is a two-year waiting list for $50 million 200-foot yachts. In Richistan Rolex watches are considered Wal-Mart junk. Richistanians sport $736,000 Franck Muller timepieces, sign their names with $700,000 Mont Blanc jewel-encrusted pens. Their valets, butlers (with $100,000 salaries), and bodyguards carry the $42,000 Louis Vitton handbags of wives and mistresses.

 

Richistanians join clubs open only to those with $100 million, pay $650,000 for golf club memberships, eat $50 hamburgers and $1,000 omelettes, drink $90 a bottle Bling mineral water and down $10,000 "martinis on a rock" (gin or vodka poured over a diamond) at New Yorks Algonquin Hotel.

 

Who are the Richistanians? They are CEOs who have moved their companies abroad and converted the wages they formerly paid Americans into $100 million compensation packages for themselves. They are investment bankers and hedge fund managers, who created the subprime mortgage derivatives that currently threaten to collapse the economy. One of them was paid $1.7 billion last year. The $575 million that each of 25 other top earners were paid is paltry by comparison, but unimaginable wealth to everyone else.

 

Some of the super rich, such as Warren Buffet and Bill Gates, have benefited society along with themselves. Both Buffet and Gates are concerned about the rapidly rising income inequality in the US. They are aware that America is becoming a feudal society in which the super-rich compete in conspicuous consumption, while the serfs struggle merely to survive.

 

With the real wages and salaries of American civilian workers lower than 5 years ago, with their debts at all time highs, with the prices of their main asset--their homes--under pressure from overbuilding and fraudulent finance, and with scant opportunities to rise for the children they struggled to educate, Americans face a dim future.

 

Indeed, their plight is worse than the official statistics indicate. During the Clinton administration, the Boskin Commission rigged the inflation measures in order to hold down indexed Social Security payments to retirees.

 

Another deceit is the measure called "core inflation." This measure of inflation excludes food and energy, two large components of the average familys budget. Wall Street and corporations and, therefore, the media emphasize core inflation, because it holds down cost of living increases and interest rates. In the second quarter of this year, the Consumer Price Index (CPI), a more complete measure of inflation, increased at an annual rate of 5.2% compared to 2.3% for core inflation.

 

An examination of how inflation is measured quickly reveals the games played to deceive the American people. Housing prices are not in the index. Instead, the rental rate of housing is used as a proxy for housing prices.

 

More games are played with the goods and services whose prices comprise the weighted market basket used to estimate inflation. If beef prices rise, for example, the index shifts toward lower priced chicken. Inflation is thus held down by substituting lower priced products for those whose prices are rising faster. As the weights of the goods in the basket change, the inflation measure does not reflect a constant pattern of expenditures. Some economists compare the substitution used to minimize the measured rate of inflation to substituting sweaters for fuel oil.

 

Other deceptions, not all intentional, abound in official US statistics. Business Weeks June 18 cover story [The Real Cost Of Offshoring, by Michael Mandel] used the recent important work by Susan N. Houseman to explain that much of the hyped gains in US productivity and GDP are "phantom gains" that are not really there.

 

Other phantom productivity gains are produced by corporations that shift business costs to consumers by, for example, having callers listen to advertisements while they wait for a customer service representative, and by pricing items in the inflation basket according to the low prices of stores that offer customers no service. The longer callers can be made to wait, the fewer the customer representatives the company needs to employ. The loss of service is not considered in the inflation measure. It shows up instead as a gain in productivity.

 

In American today the greatest rewards go to investment bankers, who collect fees for creating financing packages for debt. These packages include the tottering subprime mortgage derivatives. Recently, a top official of the Bank of France acknowledged that the real values of repackaged debt instruments are unknown to both buyers and sellers. The market has never priced many of the derivatives.

 

Think of derivatives as a mutual fund of debt, a combination of good mortgages, subprime mortgages, credit card debt, auto loans, and who knows what. Not even institutional buyers know what they are buying or how to evaluate it. Arcane pricing models are used to produce values, and pay incentives bias the assigned values upward.

 

Richistan wealth may prove artificial and crash, bringing an end to the new Gilded Age. But the plight of the rich in distress will never compare to the decimation of Americas middle class. The offshoring of American jobs has destroyed opportunities for generations of Americans. Never before in our history has the elite had such control over the government. To run for national office requires many millions of dollars, the raising of which puts "our" elected representatives and "our" president himself at the beck and call of the few moneyed interests that financed the campaigns.

 

America as the land of opportunity has passed into history.


 

COPYRIGHT CREATORS SYNDICATE, INC.

 

Paul Craig Roberts [email him] was Assistant Secretary of the Treasury in the Reagan Administration. He is the author of Supply-Side Revolution : An Insider's Account of Policymaking in Washington;  Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice. Click here for Peter Brimelows Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.

 

 

 

 

 

 

 

 

 

Fox Attempted Interview ‘Smear’ of Ron Paul Backfires

FOX

August 5, 2007

 

 

 

 

 

 

Ron Paul Wins By wide margin In FreedomWorks GOP Presidential Straw Poll

Online Poll Receives a Staggering 16,371 Individually Validated Ballots

Business Wire (via Freedomworks.org)

August 3, 2007

 

WASHINGTON--(BUSINESS WIRE)--FreedomWorks officially closed its Republican Presidential Straw Poll early this morning after 16,371 limited government conservatives cast their votes over 3 days of polling. Texas Representative Ron Paul won by a wide margin with 56 percent of the vote. Senator Fred Thompson snatched the second place position, with Duncan Hunter taking third. The FreedomWorks Straw Poll provides the most complete view of the limited government movement heading into the Iowa Straw Poll on August 11th. For complete results, visit http://www.freedomworks.org/strawpoll

 

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Ron Paul: The Internet's favorite candidate
ZDNet - Aug 6, 2007
Ron Paul is a Republican congressman and US presidential hopeful who, in the usual shorthand of political journalists, is known as a "long shot" for the ...

 

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Ron Paul Fox News Video Gets Over 32000 Views (Video)

 

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The Ron Paul Saga-The Best is Yet to Come OpEdNews

With fund raising efforts exceeding expectations and seemingly unstoppable momentum, Ron Paul continues to be a candidate on the rise. While other presidential campaigns have sputtered, peaked, and are on the decline, he has positioned himself to become a serious contender. He still has a lot of room for growth, but in this process he is being elevated from second tier status to one of the top five Republican presidential candidates.

The success of his campaign has caught many by surprise, including himself. Some of his rivals are now trying to duplicate his formula, but true spontaneous grassroots movements cannot be generated or manufactured [video]. His support is diverse, and what is becoming increasingly clear is that before all is said and done, Ron Paul will have made a huge impact, win or lose.

 

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ABC Should Explain Ron Paul/GOP Debate Poll & Comment Board Deletions Free Market News Network

 

 

 

 

 

 

Current News & Views

U.S.

·        Republican candidates say Iraq escalation is working: International Herald Tribune - On Iraq, only one candidate, Representative Ron Paul of Texas, advocated a withdrawal. "We're losing this one," Paul said. "We shouldn't be there. ...

·        U.S. Will Spend $1 Trillion (+?) On Iraq War

·        The Iraq war has turned into a veritable 'martyr' factory

·        Truck Bomb Kills At Least 28 In Northern Iraq

·        Bombers rock Baghdad's last quiet enclave

·        US soldier gets 110 yrs for rape, murder of Iraqi girl

·        U.S. claims victories against al Qaeda in Iraq

·        California Bans Electronic Voting Systems

·        Washington's Orwellian foreign policy maneuver

·        White House says spying broader than known

·        Giuliani’s Kids won’t be stumping for Dad…

·        The SWFs are coming!

·        Spies in pop culture mine our worries

AFGHANISTAN

·        Taliban Warn of More Kidnappings in Afghanistan

·        Afghan victory 'could take 38 years', says UK Commander

·        Afghans Reject Prisoner Swap, Await Bush-Karzai Meeting Outcome

·        Bumper crop for heroin as U.S. plan stalls in Afghanistan

CHINA

·        China Flood Death Toll Over 700, 5 Million Evacuated

·        More devastating floods hit China, One Million Homes Damaged, 452,000 Destroyed

·        Asia Faces Challenges as U.S. Loan Rout Spreads

·        Hu stresses value of China-US dialogue

·        UN again rejects Taiwan membership

·        China-Russian trade to exceed $40 billion in 2007

FRANCE

·        Sarkozy lashes out at U.S. photographers

·        France-Libyan Arms Deal Turns Into Scandal

·        France acts to prevent foot-and-mouth disease

·        French firefighter may confirm conspiracy theory in Princess Di's death

·        France and UK warm to green taxes

GERMANY

·        German bank reveals £12 billon exposure to US sub-prime mortgages

·        Outbreak of swine fever kills 20,000 pigs at farm in southwest Romania

GREECE

·        Powerful explosion in Bulgarian pipeline interrupts Russian gas supplies to Greece

IRAN

·        Iran says no to any nuclear suspension

·        Tehran praises EU resistance against US sanction plans on Iran

·        Iran to discuss Iraq security issue with U.S. on Monday

IRAQ

·        4 US Soldiers Killed in Iraqi Capital

·        Iraq's Embattled Prime Minister On Visit To Turkey

·        Turkey to warn Iraq Prime Minister to act against Kurdish rebels or face invasion

·        No agreement reached on PKK rebels

·        Iraqi Kurdish group claims Turkish troops crossed border

ISRAEL

·        Waiting at the border: Israel girds for new Hezbollah attack

LEBANON

·        Concerns rise as arms flow to Lebanon

·        Opposition in Lebanon declares win

·         

PALESTINE

·        Olmert meets Abbas on Palestinian soil

·        Fatah, Hamas Hold Talks to End Crisis

·        Why Fatah is Not the Answer

·        No Escaping Gaza Debacle

RUSSIA

·        Georgia says Russian jets fired missile near its capital

·        Russian Proton-M rocket to launch Japanese satellite

·        Russian Foreign Minister says U.S. failed to justify Europe missile shield

·        U.S. Senate urges Putin to reconsider suspension of treaty

·        Russian and Chinese troops begin first military exercise in rival to NATO

·        Russia confirms Hamas officials invited to Moscow for talks

·        Putin gives nod to re-export jet fighter engines to Pakistan

·        Russia plans new nuclear missile production

·        Russia goes for Pole at ice station Putin

Putin allowing Gazprom to use weapons

TURKEY

·        Turkey Swears in New Parliament

·        Kurds return to Turkey parliament

·        Turkey faces showdown after landslide election

·        Erdogan and Turkish Generals on collision course

·        Turkish Army fires Islamist officers

UK

·        Science lab suspected in foot and mouth outbreak in UK

·        British government lab says not behind disease outbreak

·        Brits ban animal exports

·        Britain tells Israel to try soldier for killing film-maker

VENEZUELA

·        Chavez lavishes more largesse on Latin American Nations

·        Chavez again to the rescue of Argentinas financial woes

·        Venezuela Achieves Water Millennium Goal