Friday, December 26, 2008

Bush, Banks and bailout. Screw accountability!

"I've abandoned free market principles to save the free market system." --George W. Bush, Washington, D.C., Dec. 16, 2008 (Duh)

The U.S. financial meltdown in in full swing. The banks have been given their first infusion of money, somewhere in the range of 300 billion, and no one has any idea where it went and the banks won't tell. Look in the personal bank accounts of the banking executives. This is a joke. We, the American tax payer, are giving billions to the very people who created this disaster. There is no accountability and they act as if it were their god given right to be bailed out, it would be better to jail the bastards and create a fund for the American people to stop the mortgage melt down that looks to be getting worse.
The U.S. and the worlds economy is in free-fall thanks to the policies of the Bush administration and in part the Clinton administration. But the majority of the credit for this disaster must go to Bush and the six years of a Republican congress who never saw a Bush spending bill it didn't agree with.
Unregulated business that is corrupt and exploitative and in bed with a corrupt administration is the recipe for economic disaster. The bush administration's support for free a market and hands off business allowing businesses to be un-fettered by regulation are responsible for this massive crisis.
Following the bankers to Washington with their begging bowls out for their handout are, the paragons of American industry, the U.S. car makers. Flying into Washington in their private multimillion dollar private jets, they have the unmitigated gaul to ask for a multibillion bail out, that's chutzpa. They have blamed their troubles on the auto workers and the union and it's retirement and medical benefits. Of course when the auto makers were making billions the union was okay. It is not union benefits that has caused the U.S. auto decline; it is me and you and everyone I know who bought a Honda, Toyota, Nissan, and the kamikaze Zero making Mitsubishi. I have two cars in my driveway a Toyota Prius and an aging Nissan Altima. My next car will undoubtedly be either Japanese or German made. What is the problem with American cars? As I've said in the past they can't compete and they suck. The U.S. auto makers make a decent truck but as far as cars go they are clueless.
Greed, shorted sighted, poor planning and just a terrible business paradigm have buried the American auto industry. The best course of action is let them fail, sell off the assets and give the proceeds to the unions to fund the retirement program; or let them merge and make a better company which I doubt they could do. It is time to let them go the way of the Dodo, they are as about and useful, let's not waste any more taxpayers money of a failing industry, they are done, stick a fork in them, done, done, done.
It now seems that the line at the door to congress is growing as more and more businesses and struggling industries are waiting hat in hand for their hand out. The very people, industrialists, businessmen who support the conservative Bush administration and are anti socialist now want to feed at the trough of the American people and suddenly that great bastion of democracy, American industry, feels entitled to a new form of social welfare, so much for capitalism, now were all socialists. The government is not helping struggling American home owners, struggling to pay interest rate bloated mortgages. Well American industry needs to suck it up and do what working Americans does, tighten your belt, work harder and do with out. It is time to stop the handouts, some businesses and industries will fail but in the end the American economy will fix itself.
We have a chance for a new start under Obama. He represents hope and a new start for America. No longer will the American president and administration take care of his cronies in oil and banking, the real thieves and crooks. The hope Obama brings to the country is of a president with intelligence, compassion and vision of a future that is possible with leadership that does not pander to a myopic elite at the expense of the nation.

*****

In Vanity Fair
"Farewell to All That: An Oral History of the Bush White House

The threat of 9/11 ignored. The threat of Iraq hyped and manipulated. Guantánamo and Abu Ghraib. Hurricane Katrina. The shredding of civil liberties. The rise of Iran. Global warming. Economic disaster. How did one two-term presidency go so wrong? A sweeping draft of history—distilled from scores of interviews—offers fresh insight into the roles of George W. Bush, Dick Cheney, and other key players.
by Cullen Murphy and Todd S. Purdum February 2009"

*****

Bush’s last rule-making hurrah. Who's president is he, he isn't mine or yours either.











Cheney; the prince of darkness and his evil legacy.
The Nazi's had nothing on Cheney. He could have given Himmler lessons.
It's time for The Nurenberg Trials USA to begin for the Bush administration.








*****
FDA double speak and failure to protect American children and food supply from Melamine.
The action of the FDA falls under the name of criminal. There should be prosecutions and jail for their incompetance or duplicity in allowing Melamine to become part of the food supply.





*****

William Ayers
The truth not as Fox painted it
. As if Fox News would know the truth if it bit them on the ass.
"The dishonesty of the narrative about Mr. Obama during the campaign went a step further with its assumption that if you can place two people in the same room at the same time, or if you can show that they held a conversation, shared a cup of coffee, took the bus downtown together or had any of a thousand other associations, then you have demonstrated that they share ideas, policies, outlook, influences and, especially, responsibility for each other’s behavior. There is a long and sad history of guilt by association in our political culture, and at crucial times we’ve been unable to rise above it."

*****

One man's challenge, Tim DeChristopher an American hero challenges Bush's gift to his cronies, the gas and oil companies. A sell out of the American heritage and to hell with the environment.








*****

The truth about the federal reserve.
What is the truth about the Federal Reserve and it's abuse of trust? Whose interest does it really serve?






*****


Recommended Book:
"A Wall Street insider’s look at how the Fed shifted risk to taxpayers, rewarded reckless risk, and damaged the economy

Years of trying to control the economy with easy money has finally caught up with the federal government, and now its practice of repeatedly rescuing Wall Street is under acute scrutiny. In Bailout Nation, financial heavyweight and industry pundit Barry Ritholtz connects the dots to reveal how corporations were allowed to act irresponsibly, and why the consumer is left suffering in an economy of bubbles, inflation, and a devalued dollar."



*****

SCIENCE AND ENVIRONMENT

Coal Industry creating ecological disaster
The New York Times reports on the disaster that is the largely unregulated and unmonitored coal and ash ponds across America that has caused an ecological disaster with billions of gallons of toxic sludge flowing into rivers and streams contaminating 300 million acres in East Tennesse. Photo: New York Times


A new report by the U.S. Geological Survey on global warming and climate change proves unsettling
"In one of the report's most worrisome findings, the agency estimates that in light of recent ice sheet melting, global sea levels could rise as much as 4 feet by 2100. The intergovernment panel had projected a rise of no more than 1.5 feet by that time, but satellite data over the last two years show the world's major ice sheets are melting much more rapidly than previously thought. The Antarctic and Greenland ice sheets are losing an average of 48 cubic miles of ice a year, equivalent to twice the amount of ice in the Alps."


The impact of Climate Change on the European Alps

Over the last century global warming has already caused all Alpine glaciers to recede and has led to an upward migration of Alpine plants at a rate of 0.5 - 4 m per decade






In Vanity Fair - The genetic manipulation of the American Food Supply
"Monsanto already controls America’s genetically modified food supply. Now it’s targeting milk. Barlett and Steele report on the company’s ruthless tactics and toxic history."

*****

Bush and Cheney guilty of war crimes
!

*****

HONOR THE FALLEN





  • Army Spc. Adam M. Wenger, 27, of Waterford, Mich.; assigned to the 1st Battalion, 76th Field Artillery, 4th Brigade Combat Team, 3rd Infantry Division, Fort Stewart, Ga.; died Nov. 5 in Tunnis, Iraq, of injuries sustained during a non-combat incident.

    November 06, 2008
  • Army Pfc. Theron V. Hobbs, 22, of Albany, Ga.; assigned to the 572nd Engineer Company, 20th Engineer Battalion, 36th Engineer Brigade, Fort Hood, Texas; died Nov. 6 in a motor vehicle accident in Kirkuk, Iraq.

    November 08, 2008
  • Army Staff Sgt. Timothy H. Walker, 38, of Franklin, Tenn.; assigned to the 64th Brigade Support Battalion, 3rd Brigade Combat Team, 4th Infantry Division, Fort Carson, Colo.; died Nov. 8 in Baghdad when an improvised explosive device detonated near his vehicle.

    November 12, 2008
  • Army Spc. Corey M. Shea, 21, of Mansfield, Mass.; assigned to the 3rd Squadron, 3rd Armored Cavalry Regiment, Fort Hood, Texas; died Nov. 12 in Mosul, Iraq, when an Iraqi Army soldier wearing a uniform approached and opened fire. Also killed was Sgt. Jose Regaldo.
  • Army Sgt. Jose Regalado, 23, of Los Angeles; assigned to the 3rd Squadron, 3rd Armored Cavalry Regiment, Fort Hood, Texas; died Nov. 12 in Mosul, Iraq, when an Iraqi Army soldier wearing a uniform approached and opened fire. Also killed was Spc. Corey M. Shea.

    November 13, 2008
  • Army Spc. Jonnie L. Stiles, 38, of Highlands Ranch, Colo.; assigned to the 927th Engineer Company (Sapper), 769th Engineer Battalion, Louisiana Army National Guard, Baton Rouge, La.; died Nov. 13 in Jalalabad, Afghanistan, of wounds sustained when an improvised explosive device detonated near his vehicle.

  • Army Spc. James M. Clay, 25, of Mountain Home, Ark.; assigned to the 2nd Battalion, 153rd Infantry Regiment, 39th Brigade Combat Team, Arkansas Army National Guard, Little Rock, Ark.; died Nov. 13 in Anbar province, Iraq, of injuries sustained in a vehicle accident.

  • Army Spc. Armando A. De La Paz, 21, of Riverside, Calif.; assigned to the 3rd Battalion, 29th Field Artillery Regiment, 3rd Brigade Combat Team, 4th Infantry Division, Fort Carson, Colo.; died Nov. 13 in Baghdad, of injuries sustained during a vehicle rollover.

    November 14, 2008
  • Marine Cpl. Aaron M. Allen, 24, of Buellton, Calif.; assigned to the 1st Battalion, 4th Marines, 1st Marine Division, Camp Pendleton, Calif.; died Nov. 14 in Anbar, Iraq, after being struck by an improvised explosive device while supporting combat operations.

    November 15, 2008
  • Army Chief Warrant Officer 3 Donald V. Clark, 37, of Memphis, Tenn.; assigned to the 6th Squadron, 17th Cavalry Regiment, Task Force 49, U.S. Army Alaska, Fort Wainwright, Alaska; died Nov. 15 in Mosul, Iraq, when his OH-58 Kiowa helicopter crashed while on a mission over Mosul. Also killed was Chief Warrant Officer 2 Christian P. Humphreys.

  • Army Chief Warrant Officer 2 Christian P. Humphreys, 28, of Fallon, Nev.; assigned to the 6th Squadron, 17th Cavalry Regiment, Task Force 49, U.S. Army Alaska, Fort Wainwright, Alaska; died Nov. 15 in Mosul, Iraq, when his OH-58 Kiowa helicopter crashed while on a mission over Mosul. Also killed was Chief Warrant Officer 3 Donald V. Clark.

    November 19, 2008
  • Marine Gunnery Sgt. Marcelo R. Velasco, 40, of Miami; assigned to I Marine Expeditionary Force Headquarters Group, I MEF, Camp Pendleton, Calif.; died Nov. 19 from injuries sustained in a non-hostile incident in Anbar province, Iraq.

    November 20, 2008
  • Army Pvt. Charles Y. Barnett, 19, of Bel Air, Md.; assigned to the 2nd Battalion, 12th Cavalry Regiment, 4th Brigade Combat Team, 1st Cavalry Division, Fort Hood, Texas; died on Nov. 20 of injuries sustained from a non-combat related incident in Tallil, Iraq.

    November 21, 2008
  • Army Sgt. 1st Class Miguel A. Wilson, 36, of Bonham, Texas; assigned to the 2nd Squadron, 3rd Armored Cavalry Regiment, Fort Hood, Texas; died Nov. 21 in Abu Sayf, Iraq, of injuries sustained during a rescue attempt of another soldier while their unit was conducting a dismounted reconnaissance mission.

    November 24, 2008
  • Army 1st Lt. William K. Jernigan, 35, of Doraville, Ga.; assigned to Headquarters Company, 1st Stryker Brigade Combat Team, 25th Infantry Division, Fort Wainwright, Alaska; died Nov. 24 in Baqubah, Iraq, of injuries sustained from a non-combat-related incident.

    November 25, 2008
  • Army Master Sgt. Anthony Davis, 43, of Deerfield Beach, Fla.; assigned to the Military Transition Team, 1st Brigade, 1st Infantry Division, Fort Riley, Kan.; died Nov. 25 in Baaj, Iraq, after being shot by an Iraqi Security Force soldier while he was conducting a dismounted humanitarian food drop.

  • Marine Capt. Warren A. Frank, 26, of Cincinnati, Ohio; assigned to the 5th Air Naval Gunfire Liasion Company, III Marine Expeditionary Force, Okinawa, Japan; died Nov. 25 while supporting combat operations in Ninewa province, Iraq.



  • Army Capt. Robert J. Yllescas, 31, of Lincoln, Neb., died Dec. 1 at the National Naval Medical Center in Bethesda, Md., of wounds suffered Oct. 28 when an improvised explosive device detonated near his unit at Combat Outpost Keating, Afghanistan. He was assigned to the 6th Squadron, 4th Cavalry Regiment, 3rd Brigade Combat Team, 1st Infantry Division, Fort Hood, Texas.

    December 04, 2008
  • Army Staff Sgt. Solomon T. Sam, 31, of Majuro, Marshall Islands; assigned to the 523rd Engineer Company, 84th Engineer Battalion, 25th Infantry Division, Schofield Barracks, Hawaii; died from wounds sustained from an improvised explosive device Dec. 4 in Mosul, Iraq. Also killed was Sgt. John J. Savage.

  • Army Sgt. John J. Savage, 26, of Weatherford, Texas; assigned to the 103rd Engineer Company, 94th Engineer Battalion, Fort Leonard Wood, Mo.; died from wounds sustained from an improvised explosive device Dec. 4 in Mosul, Iraq. Also killed was Staff Sgt. Solomon T. Sam.

    December 16, 2008
  • Army Pvt. Colman J. Meadows III, 19, of Senoia, Ga.; assigned to the 2nd Battalion, 2nd Infantry Regiment, 3rd Brigade, 1st Infantry Division, Fort Hood, Texas; died Dec. 16, at Forward Operating Base Ramrod, Afghanistan, of injuries sustained from a non-combat related incident.

    December 20, 2008
  • Army Staff Sgt. Jonathan W. Dean, 25, of Henagar, Ala.; assigned to the 561st Military Police Company, 716th Military Police Battalion, 101st Sustainment Brigade, 101st Airborne Division (Air Assault), Fort Campbell, Ky.; died Dec. 20, in Bayji, Iraq, of injuries sustained in a non-combat related incident in Tikrit, Iraq.

    December 21, 2008
  • Marine Lance Cpl. Thomas Reilly Jr., 19, of London, Ky.; assigned to 1st Battalion, 3rd Marines, 3rd Marine Division, Kaneohe Bay, Hawaii; died Dec. 21 while supporting combat operations in Anbar province, Iraq.



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