Friday, November 26, 2010
Monday, November 22, 2010
Russia Today says that the U.S. has spent $9 billion on democracy promotion efforts over the past 20 years. According to RT, USAID and its grantees are all bad guys and a soft cover for the CIA's regime change efforts; moreover, Obama's "smart power" concept is just a continuation of a long-standing U.S. policy of regime change.
RT cites Americans like Ron Paul and Lawrence Wilkerson in criticizing U.S. democracy-spreading efforts. Said Paul to RT:
"It is particularly Orwellian to call US manipulation of foreign elections 'promoting democracy.' How would we Americans feel if for example the Chinese arrived with millions of dollars to support certain candidates deemed friendly to China?"
"I think it's terrible, we use taxpayer's money to go over and use our military and the CIA these programs that say 'this is what you outta do' and influence them. There is no authority for that, it doesn't work, it teaches a lot of people to despise us."
If it didn't work though, would it bother Russia so much?
Just interesting to read the official Russian state propaganda....
November 18, 2010 Russia Today
Sunday, November 21, 2010
Thursday, November 18, 2010
Monday, November 15, 2010
I guess gold is like Glenn Beck's "Food Insurance," only in this case it would be "Money Insurance." The only thing is, if there is a total collapse of civilization like Beck predicts, then what are people going to need gold for? They can't eat it, can't build with it, it won't keep them warm, etc. That doesn't stop Beck from trying to fleece his herd with Goldline coin adverts though.
By David Case
November 10, 2010 | GlobalPost
Sunday, November 14, 2010
"(W)hen respondents were given the choice between cutting the defense budget, raising taxes on the wealthy and cutting Social Security to reduce the deficit, just 12% said they'd like to see the entitlement program cut. Forty-three percent said they'd prefer to see taxes on the wealthy go up, and 22% said cutting the huge defense budget was the best way to go."
Wednesday, November 10, 2010
Thursday, November 4, 2010
By Michael Isikoff and Rich Gardella
November 3, 2010 | NBC News
"Thank you, America!" read the banner headline on a blog posting by Steve Law, president of American Crossroads, on the group's website. The posting proclaimed that the organizations' team had "struck a decisive blow for freedom" with the election results. "Together we not only retired House Speaker Nancy Pelosi, we also achieved the largest House seat switch since 1938!" Law wrote.
In addition to the spending advantage, outside GOP groups like the Crossroads groups, Americans for Prosperity and Club for Growth coordinated their efforts, divvying up which groups would spend in which races at which times. The groups' leaders would meet and talk regularly in sessions often led by Rove or one of his associates, according to the two GOP fundraising sources familiar with how the organizations worked.
Wednesday, November 3, 2010
OK, so that's at least 3 Nobel economists who favor more federal stimulus: Krugman, Stiglitz, and now Peter Diamond.
Meanwhile, small business lending is at a two-year high and loan delinquency rates are falling, so lack of credit doesn't seem to be the main problem. Small business owners say growth in customer demand is the prerequisite for business expansion and hiring. But their erstwhile customers are in the process of massive deleveraging, as U.S. household debt relative to GDP declines from its peak of 97.3 percent in 2009 to something closer to the 60-year average of 54 percent. Consumers are forgoing spending not only to pay off debt -- most notably mortgage debt -- but also to save up for uncertain economic days ahead.
So in that context, how can America boost aggregate demand without a big stimulus package? (Crickets chirping). Maybe the new Republican Congress will wow us with their breakthrough ideas, but let's just be clear: tax cuts alone won't do it. The first stimulus offered almost $300 billion in tax cuts; and Bush's tax cuts have been in effect all throughout the Great Recession, both seemingly useless.
October 31, 2010