Archive for November 8th, 2008

Foreclosure Phil: Who’s to blame for the biggest financial catastrophe of our time?

by David Corn  Global Research, November 8, 2008 Mother Jones, July-August 20  Years before Phil Gramm was a McCain campaign adviser and a lobbyist for a Swiss bank at the center of the housing credit crisis, he pulled a sly maneuver in the Senate that helped create today’s subprime meltdown.

 Who’s to blame for the [...]

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Obama’s Challenges and Possible Directions

www.opednews.com November 8, 2008   by Saberi Roy    Obama’s victory was almost inevitable with his keen intelligence and organizational abilities. Let’s say Obama picked the right candidates for the right job and his campaign management was superior to Republicans in every way. Yet the Obama hype almost started getting destructive with a sudden fall in [...]

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Reflections About the Presidential Race, and the First Amendment

November 8, 2008 www.opednews.com  by Esther L. Clarke (Posted by Brasch)     It is just starting to sink in.    I called out to our youngest daughter, Gillian, as she set off down the road to meet the bus that she should be gracious. Don’t gloat I said. She said “yeah right, after what they’ve put me [...]

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Summers at Treasury: What Would We Tell the Children?

Former Treasury Secretary Larry Summers’ name is consistently placed prominently on the list of candidates to be President Obama’s Treasury Secretary. This is rather striking since the policies he promoted as Treasury Secretary and in his subsequent writings led to the economic disaster that we now face. As Treasury Secretary, Summers embraced the high dollar [...]

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That huge voter turnout? Didn’t happen

POLITICO   By DAVID PAUL KUHN | 11/8/08 5:56 PM EST    Despite widespread predictions of record turnout in this year’s presidential election, roughly the same portion of eligible voters cast ballots in 2008 as in 2004. Between 60.7 percent and 61.7 percent of the 208.3 million eligible voters cast ballots this year, compared with [...]

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The Five Most Wanted Rip-off Artists from Wall Street and Washington

By Jim Hightower, Hightower Lowdown. Posted November 3, 2008. Our economy didn’t melt down, it was taken down the unbridled greed of economic elites, enabled by their political courtesans in Washington. What the hell’s happening here? Why is my bank in the tank? And my house and job? And my retirement money? Even my state’s [...]

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The Triumph of Ignorance: How Morons Succeed in U.S. Politics

By George Monbiot, Monbiot.com. Posted October 31, 2008. Obama has a lot to offer, but until our education system is fixed or religious fundamentalism withers, anti-intellectuals will flaunt their ignorance. How was it allowed to happen? How did politics in the United States come to be dominated by people who make a virtue out of [...]

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Unemployment rate in US surging

Some 10 million out of work; Mass. among the last hit STAN HONDA/AFP/Getty ImagesPresident-elect Barack Obama – with his vice president, Joe Biden (second from left), his chief of staff, Rahm Emanuel (second from right), and other economic advisers – called yesterday in Chicago for a new stimulus package. (STAN HONDA/AFP/Getty Images) By Robert Gavin [...]

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Obama Calls On Congress to Act Fast on Stimulus

Jobless Rate Hits Highest Level Since 1994 Obama Holds Press Conference on Economic Crisis By David Cho, Michael D. Shear and Michael S. Rosenwald Washington Post Staff Writers Saturday, November 8, 2008; Page A01 With fresh evidence that the U.S. economy is shedding jobs even faster than expected, President-elect Barack Obama said yesterday that his [...]

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