Saturday, October 25, 2008

GENERAL STRIKER SAYS:
Here are the positions of the Colorado Democratic Party. Print and take with you to the poll. My only personal recommendation would be to always vote against any gambling expansion. NO TO FASCIST REPUGLICAN BUSHBOTS! ALWAYS VOTE DEMOCRATIC! ALWAYS SUPPORT UNIONS! ALWAYS SUPPORT CHOICE!
at ease now people/ smoke em if ya got em
Kim
Ballot Measure
Short Description
CDP Position
Platform Citations
Amend. 46
Anti-Affirmative Action
OPPOSE
C124, C130, C185, C205, C206, C207, C532, C536, C537, C584, C587, C839, C841, C843, C844
Amend. 47
So-called "Right To Work"
OPPOSE
C833, C834, C867, C868, C869, C870, C871, C872, C873, C874, C879, C880
Amend. 48
Definition of a fertilized egg as a person in the Colorado Constitution
OPPOSE
C111, C142, C143, C190, C192, C193, C200, C201
Amend. 49
"Paycheck Deception"
OPPOSE
C871, C876
Amend. 50
Expansion of Limited Gaming
NEUTRAL
Amend. 51
Increased Funding for Development Disabilities Services
SUPPORT
C251, C252, C253
Amend. 52
Diversion of severance tax for highway projects
OPPOSE
C633, C634, C635, C636, C637, C638, C639, C644, C645, C646, C647, C648, C695, C696, C699, C704, C720, C721, C722, C723, C724, C725, C990, C1001, C1003, C1237
Amend. 53
Executive Liability for Corporate Fraud
removed from the ballot
Amend. 54
Preventing political participation by government contractors
OPPOSE
C871, C879
Amend. 55
Just Cause for employee termination
removed from the ballot
Amend. 56
Employer responsibility to provide employee health insurance
removed from the ballot
Amend. 57
Remedies for workplace disabilities
removed from the ballot
Amend. 58
Oil and gas extraction tax for funding education and other programs
SUPPORT
C506, C510, C545, C532, C536, C537, C584, C587, C1075, C1076
Amend. 59
Savings Account for Education
SUPPORT
C506, C510, C545, C532, C536, C537, C584, C587, C925, C1056, C1070
Ref. L
Reducing minimum age requirement to serve in state legislature
SUPPORT
C385
Ref. M
Removing obsolete Colorado Constitution provisions about land valuation
NEUTRAL
Ref. N
Removing obsolete Colorado Constitution provisions about alcohol
NEUTRAL
Ref. O
Altering rules for citizen-initiated statutory and constitutional changes
NEUTRAL

Monday, October 20, 2008

From the right at Antiwar.com

Perhaps most egregious is the failure to delve with anything more than superficial slogans into the possible reasons for hostility to the West or the U.S. in particular. Can it possibly be because Arabs "hate democracy"? Most of them wouldn't know what democracy was if they suddenly woke up living in a fully democratic society. They have never experienced it. What they have experienced is invasion and military occupation by countries that call themselves democracies – several Western European colonial powers and now the United States. There are now 22 times as many Western soldiers in Anwar alone as the West had in the Middle East at the time of the Crusades, but Western journalists are not inclined or are not allowed to wonder if that has anything to do with why those benighted people hate us so.

Friday, October 17, 2008


Does The Bailout Pass
The Smell Test?
By Paul Craig Roberts
10-16-8
The explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent.
The only clarity we have is that the crisis is resulting in financial concentration and that the bailout constitutes a massive raid by financial crooks on both taxpayers and central bank reserves in the US and Europe.
The public monies that are being directed to private financial institutions are huge. According to news reports, Germany is devoting $540 billion to shoring up German banks, England is devoting $73 billion, and France has pledged over $400 billion. The US now has four separate bailouts underway, $800 billion for banks, $200 billion for Fannie Mae and Freddie Mac, $85 billion for the insurer AIG, and $25 billion for the US auto industry. These figures add to more than $2.1 trillion.
Some of these public monies are for purchasing troubled paper assets. Others are to be directly injected into the banks as public supplied capital for private financial institutions, an ironic outcome for the free market ideology that resulted in the deregulation of the US financial system. According to news reports, in England the entire $73 billion is being poured into banks as publicly supplied new capital. In Germany $135 billion is for recapitalizing troubled banks. In the US Treasury Secretary Paulson is talking about using bailout money to purchase non-voting bank shares.
How is it possible that a financial crisis of such magnitude hit with such suddenness and urgency, catching finance ministries and central banks unaware?
If the problem is what the public has been told, namely that defaulting subprime mortgages are reducing the income flows through to the holders of the mortgage-backed securities, why isn't the bailout money being used to refinance the defaulting mortgages and to pay off the foreclosed mortgages?
That would restore the value of the mortgage-backed securities, and it would not be necessary to pour huge amounts of taxpayers' money into recapitalizing banks and purchasing their bad assets.
There is not an unmanageable number of defaulting mortgages. According to the US Treasury estimate, 90-93% of the mortgages are good. How does a 7% or 10% default rate on US mortgages translate into a systemic worldwide financial crisis?
The popping of the US real estate bubble could not produce worldwide systemic financial crisis without the mark-to-market rule, short-sellers, and a great deal of hype and orchestration. Why did Secretary Paulson let Lehman Bros. fail when every other firm is bailed out? Did Lehman's failure, by unwinding its own large portfolio, push hedge funds and banks into panic selloffs that spread the crisis at home and abroad?
The US Congress held no hearings on the crisis and consulted no independent experts. Congress responded dumbly to the financial crisis, just as it did following 9/11 when the Bush regime handed it the PATRIOT Act and the Afghan invasion. To secure Congress' acquiescence to the Paulson bailout, the Bush regime used threats of meltdown and martial law to panic Congress into turning over vast amounts of money for which accountability is lacking. The hype behind the Paulson bailout is the financial version of the mushroom cloud evocation used by the Bush regime to panic Congress into accepting the US invasion of Iraq. Is yet another hidden agenda at work?
It is unclear how the bailout will play out. The monies for the US bailout will have to be borrowed abroad or printed. If foreign central banks need their dollar reserves in order to bail out their own banks that are polluted with toxic US financial instruments, the US Treasury might not have an easy time in the debt market. Moreover, the interest expense on an additional borrowed $700 billion will raise the US current account deficit and burden US taxpayers with higher interest payments. If the money has to be printed, inflation and dollar devaluation will depress living standards for most Americans.
If the US economy sinks deeper into recession, lost jobs and rising interest rates on troubled mortgages will result in more defaults and foreclosures, thus further impairing mortgage-backed securities and requiring Congress to put more burdens on hard-pressed US taxpayers in behalf of the banks.
The authorities have blamed subprime mortgages for the crisis. Why then does their solution fail to address the problem of the mortgages? Instead, the solution directs public money into an increasingly concentrated private financial sector, the management of which is not only vastly overpaid, but also has escaped accountability for the financial chicanery that, allegedly, threatens systemic financial meltdown unless bailed out by the taxpayers.
Perhaps my nose is too sensitive, but this bailout doesn't pass the smell test.
_____
Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan's first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. 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 Brimelow's Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.

Monday, October 13, 2008


Sarah Palin visits the White House!

developing...