Bankruptcy, not bailout, is the right answer

 

By Jeffrey A. Miron~CNN
Congress has balked at the Bush administration’s proposed $700 billion bailout of Wall Street. Under this plan, the Treasury would have bought the “troubled assets” of financial institutions in an attempt to avoid economic meltdown.
This bailout was a terrible idea. Here’s why.
The current mess would never have occurred in the absence of [...]

The New America: Incredible Documentary Footage of Mass Arrest in St. Paul

By Laura Flanders~Firedoglake
Now that we’ve had a few weeks to settle, a look back at Labor Day in the Twin Cities. Labor Day was of course also Day One of the Republican National Convention. Video was released today of an apparent mass arrest of utterly peaceful concert goers at the SEIU Labor Day concert.
My [...]

The Real McCain 2.0

~Brave New Films

Who’s afraid of the big bad truth?

McCain has a truth squad, but Obama’s makes big news
WATCH VIDEO HERE
Puppetgov: Truth squad huh? Whose truth? Isn’t that “free speech”? Say what you want and if it is not true, sue them. Why do we need “Truth Squads”?
By John Mills~KMOV-TV
Last Tuesday without any fanfare, the Barack Obama campaign announced Jennifer Joyce and Bob [...]

Someone predicted this economic collapse A year ago, who?

Flashback: Ron Paul on the Economic Collapse

Mortgage Crisis: Home prices tumble by sharpest annual rate ever in July

~AP NEWS
A closely watched index shows home prices tumbling by the sharpest annual rate ever in July, but the rate of decline is slowing.
The Standard & Poor’s/Case-Shiller 20-city housing index released Tuesday fell a record 16.3 percent in July from the year-ago period, the largest drop since its inception in 2000. The 10-city index plunged [...]

Grand Theft America: Financial Crime of the Century

By Stephen Lendman~Global Research
The crime of the century. The greatest one ever. Author Danny Schechter calls it “Plunder.” The title of his important new book on the subprime and overall financial crisis. Economist Michael Hudson and others refer to a kleptocracy. A Ponzi scheme writ large. Maybe an out-of-control Andromeda Strain. An economic [...]

White House Press Corps Fails To Ask A Single Question On U.S. Attorney Investigation

~Think Progress
Today, the Office of Public Responsibility and the Department of Justice Inspector General released the culmination of an 18-month investigation: a report finding that the firing process of the nine U.S. Attorneys was “fundamentally flawed” and in some cases, governed by politics. The investigation also found that former attorney general Alberto Gonzales, Justice Department [...]

Pre-election Militarization of the North American Homeland. US Combat Troops in Iraq repatriated to “help with civil unrest”

By Michel Chossudovsky~Global Research
The Army Times reports that the 3rd Infantry’s 1st Brigade Combat Team is returning from Iraq to defend the Homeland, as “an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.” The BCT unit has been attached to US Army North, the Army’s component of [...]

WACO: The Rules of Engagement

WACO: The Rules of Engagement

The Posse Comitatus Act

Puppetgov: Who needs Posse Comitatus when we have militarized our police?
H.R. 5122 [109th]: John Warner National Defense Authorization Act for Fiscal Year 2007
20 Stat. L., 145
June 18, 1878
CHAP. 263 – An act making appropriations for the support of the Army for the fiscal year ending June thirtieth, [...]

Mobile Phones To Track Carbon Footprint

 

By Alok Jha~London Guardian
Keeping track of your carbon footprint could become as simple as slipping a mobile phone in your pocket: a London-based start-up company has developed software for mobile phones that uses global positioning satellites to work out automatically whether you are walking, driving or flying and then calculate your impact on the environment.
Carbon [...]

Meat must be rationed to four portions a week, says report on climate change

By Juliette Jowit~London Guardian
People will have to be rationed to four modest portions of meat and one litre of milk a week if the world is to avoid run-away climate change, a major new report warns.
The report, by the Food Climate Research Network, based at the University of Surrey, also says total food consumption [...]

SNL Parodies Obama Scandals Ignored by the Media

By Brad Wilmouth~Newsbusters
When the latest installment of Saturday Night Live parodied Friday’s presidential debate, the NBC comedy program gave attention to Barack Obama’s connections to convicted criminal Tony Rezko, corrupt Chicago politics, and Obama’s recent attempts at “playing the race card,” which notably are all matters that the mainstream news media have given little attention [...]

Palin: Voter question is ‘gotcha journalism’

By David Edwards and Stephen C. Webster~Raw Story
On Monday night, CBS’ Katie Couric talked to John McCain and Sarah Palin about their apparent disagreement on attacking terrorists within Pakistan. Echoing the words of a voter who asked Palin a similar question, the VP candidate turned the question on end, equating questions from the public [...]

Ron Paul on the Failed Bailout Vote

Black Monday: Dow In Worst Point Drop Ever

~Raw Story
The House failed to pass a $700 billion economic bailout package Monday, sending lawmakers back to the drawing table to try to stave off an economic collapse, and the stock market plummeted on the news.
The package failed on a 228-205 vote after Congressional leaders held the vote open for a half-hour after time [...]

House votes against $700 billion rescue package

By Ruth Mantell & Steve Gelsi~MarketWatch
House lawmakers voted 205 to 228 Monday against approving the historic $700 billion financial rescue plan, a sharp blow to the administration and bipartisan rallying efforts from leaders in Congress who warn that the country is on the brink of an economic precipice.
With elections approaching, some lawmakers — both [...]

Treasury Would Emerge With Vast New Power

BY FLOYD NORRIS~The New York Times
During its weeklong deliberations, Congress made many changes to the Bush administration’s original proposal to bail out the financial industry, but one overarching aspect of the initial plan that remains is the vast discretion it gives to the Treasury secretary.
The draft legislation, which will be put to a House [...]

Stop the Bailout! Save America!

~The Market Ticker
You are being asked to pass a $700 billion “bailout” or “rescue” package and are told by your leadership that it is “necessary” to prevent a catastrophe in the financial markets and, by extension, on Main Street.
Please think carefully about the following facts before you vote:
Public opinion is running anywhere from 100:1 to [...]