Crowd builds in Al Tahrir Square, Cairo, two million defy Mubarak intimidation

Posted on February 4, 2011 by Eric Verlo

Al Jazeera has reasserted live footage in Cairo today, for the Friday demonstration billed as “Day of Departure” meant to depose dictator Mubarak. Already gone are the US major network talking heads, fleeing in advance the predicted mayhem as if to dot the exclamation point of their Chaos in Egypt meme. Alas, they won’t be here to offer color commentary on the hundreds of dozens of demonstrators of indeterminate religious-political orientation massing for Egyptian on Egyptian rioting. For the rest of us, this is a veritable revolution before our eyes. Perhaps the monumental event of our lifetime. Regardless the outcome, most of us are probably so estranged from reality to recognize it. This is what Democracy looks like.

We only know representative democracy, warped beyond recognition by an electoral college system only a statistician’s mother could love. Switzerland is the only direct democracy we’re taught in school. But democratic participation in Switzerland is not much more complicated than a homeowners association in an affluent neighborhood. People power taking to the street, denouncing the illegitimacy of its authoritarian masters, leaderless, allied, that’s real democracy.

What a shame the American celebrities are missing the party. Williams and Couric fled with the expat community, Amanpour is already giving her veneer of respectability to the next interviewee, Zuckerberg not Assange, because the corporate media wants to call this a Facebook revolution sooner than Wikileaks’. Anderson Cooper is cowering on the hotel floor of an undisclosed location, unafraid to confess that he’s fearing for his life, working that [brown] people-are-revolting angle.

On the heroic independent media side, Democracy Now! correspondent Sharif Abdel Kouddous spent the night in Tahrir Square, sleeping among the activists, half of them with bandaged heads, waking at intervals by the alarm sounding for anticipated stone-throwers.

None of the network journos showed any hesitation to criticize the harassment they encountered on the streets, though blaming Mubarak’s thugs was never explicit, and none of them veered from celebrating the riots as “Egypts killing each other.” Even Al Jazeera pretended to confuse the Pro and Anti sides, failing to discriminate between the side which was armed from the side taking cover, the knife wielders from desperate stone throwers trying to keep their attackers at bay.

Finally this morning an AJ text crawl mentioned 300 fatalities since the protests began January 25th, otherwise there has been scant mention of innocent civilians killed, some of them shot in the head by nighttime snipers.

All of the networks, even Al Jazeera express their incredulity that the demonstrators project no central leadership, failing to speculate why that may be.

Al Jazeera takes care to mention, every time they consult one of their three correspondents on the ground, that they omit speaker identities “for their own safety.” Even when they interview activists, the AJ anchors thank them for being brave enough to reveal their real names. Not discussed is the certain probability that calling out a demonstration leader will direct the security apparatus to deploy their snipers, summary arrest, or detention of family members. As the media wax horrific the barbarity of Cairo’s street culture chaos, they maintain a rudely unrealistic civil pretense to mask Egypt’s cruel police state.

My nightmare scenario, now that I’m looking over millions of peaceful undaunted Egyptians chanting for deliverance from their uncaring dictator? I worry about the US advisors reported to have flown into Cairo this morning, reassuring their cabby, it was reported, that everything was going to be fine.

I worry that Washington has spot on advice to offer Mubarak about how to respond to a “million man march.” After all, that’s old hat for DC. Let ’em eat waffle cake.

American protesters get the same response from Obama as they did from Bush 43. Praise for the glorious display of citizens exercising their constitutional rights. Talk away, shout it to the rooftops. Feel better? I hear you America. Thank you for your faith in the system. You are the change you’ve been waiting for. Please collect your refuse on the way out. Be sure to leave something in the hat to cover the expense of the Port-a-Johns. Thank you America, I’m honored, really. Yes we can, see you at the polls in 2012. Thank you for flying Air of Democracy. Bu’bye.

Wednesday

Posted on July 14, 2010 by Eric Verlo

My sister lost a cat today. She wrote this online:

“Wednesday came home in pretty bad shape this morning. I got to hold him and tell him how cool I thought he was. And we all got to say goodbye. He came to us on a Wednesday and left us 17-years later on a Wednesday – Maybe I should have named him Forever.”

As Wednesday had been mine for a time, and had been an intensely social neighbor, we thought about how many people might appreciate knowing why he would no longer be visiting. Some told their children he was theirs. I remember once crossing paths with Wednesday on Halloween, he didn’t give us a second glance, he was trick-or-treating with another party.

I found this note I had written some years ago:

I wrote to tell my sister that Wednesday was okay. The other day I had driven past a cat’s body on the side of the street and thought it was Wednesday. I’d made the wrong turn and wouldn’t otherwise have seen it.

I was running late so I didn’t stop, plus I didn’t want the body to have been his.

I’ve searched over dead cats on the road before, it’s heartbreaking. Even if you found the cat wasn’t yours. And you had to scrutinize the poor thing closely quite unsure because you’d never seen your cat dead or decomposed before.

Haunted by having encountered the accident by accident, I returned to the spot later that night determined to check. The body was gone. There had been a squirrel on the other side, its body was still there. But the big black cat with a bushy tail extended straight up in the wind was nowhere to be found. Someone had picked it up I suppose. I was five blocks from my house. Too far to have been Wednesday.

I didn’t go back home that night. I didn’t want to not find Wednesday there.

He and I had been seeing very little of each other. I leave the window open and he comes and goes as he pleases. I get home late, go to bed, and somewhere in my sleep he comes in meowing, meows past me to his food, then meows as he leaves. I wake remembering something of that. For a time he was bringing birds home. I’d take notice in my sleep when he passed without a sound, figuring out later his mouth was probably full. I came to dread that dream because I would then wake to find the hall strewn with feathers and I’d find a little beak lying in the midst.

I got Wednesday from my sister. She was going to have a second baby, and was moving, and wasn’t crazy about having a cat around. When I visited I remember twice Wednesday leapt unto my sleeping face in pursuit of his playmates.

Wednesday is named after the day on which he arrived at my sister’s farm. My little niece decided the logic. From the condition of his fur, the vet determined he’d been in the wild for at least two months. It was incredible that he’d survived the coyotes, rattlers and hawks. One night Karin remembers Wednesday was outside under the porch while coyotes hunted for him above it.

At my place he’s made a similar legendary impression. I live on the second floor. He climbs the cedar wall to my balcony without apparent effort. When he wants to descend he just jumps straight unto the lawn. My neighbors beneath are no longer startled to see him fly by.

I’m quite proud of him. Another neighbor cautioned me about a fox she’d seen on the property. Worry about Wednesday? Oh no.

Everyone has befriended him. I know by how well brushed he is. A neighbor who had moved away, and to whom I had never spoken, came by during a holiday visit and left a note with treats for Wednesday. Another neighbor had him shaved when it was obvious I was neglecting his fur.

The other night I called him and I could hear his faint reply from far off. I imagined him wounded, calling to me meekly. When he got to me, in the dark I couldn’t see if he was wounded. He brushed through my legs and i avoided looking at him that night. He was alive.

In the morning I could see that he was his safe, alive self. My fears had been entirely imagined.

I reassured my sister that Wednesday was back, safe, the body I had seen on the street had not been Wednesday. She told me “Well, you’ll never know, it might have been. You know he’s immortal.”

Something like that.

Flotilla not a Love Boat, it was a lynch, says Netanyahu, describing beating of IDF soldiers, not deaths of aid workers

Posted on June 3, 2010 by Eric Verlo

What’s a lynch? I find it intriguing that Israel’s spin machine can drop an American pop culture reference like Love Boat, and simultaneously flub basic usage with “a lynch.” According to Israel, that describes what befell their crack-troop Mavi Marmara party-crashers. What does “a lynch” mean? Apparently someone feels at liberty to shorten Lynch Mob, or Lynching, to coin a new threat to Israel. But doesn’t it stretch credulity to imagine the IDF has never claimed to have been baited into an “ambush?”

Every modern military with a propaganda office, when it suffers a setback, attributes it to an ambush. When the US and Israel do it, it’s an attack; when our dastardly adversaries do it, it’s an ambush. Let’s set aside that the night watch on the Mavi Marmara’s deck might have been defending themselves. For the moment the IDF version of events is the only one Israel is allowing.

Ambush, trap, beating, getting jumped, wouldn’t these be appropriate descriptions for what Israel is asserting its night-vision video depicts? To lynch someone -it’s a verb- implies a hanging, extrajudicial, usually perpetrated by a crowd against a lone victim, unarmed. So where does the IDF get “lynch?”

To my mind, the Israeli-accented tender of “lynch” is feigned bad English, stuttered -I hope in shame- as perpetrator blames victim, but stuttered conveniently, to make the accusation less preposterous. Isn’t a rape victim who is too well versed in the crime perpetrated against her, less convincing than a victim who fumbles to comprehend the outrage she suffered? Poor Israel, its soldiers stepped into a, a, a lynch.

Emitted from military spokespeople however, one projects a reflexive followup “-that’s the ticket.”

I’m guessing grasping a straws like “lynch” is played for sympathy. And while I deconstruct the false unfamiliarity of otherwise precisely crafted English: PM Netanyahu’s mention of “Love Boat” had a bumbling Bush “the internets” ring to it. Anyone old enough to know the television show about the enchanted cruise ship knows there’s not “a Love Boat” but The Love Boat.

If the newly nouned “lynch” is intended to define a hate crime unique to anti-Semites, the motive fits with Israel’s insistence that first genocide, now holocaust, can only apply to Jews. Such an implication is aided by Netanyahu’s suggestion that the lynch was “plotted.” Because common understanding of mob misbehavior precludes a premeditated plot. This may reflect a naive dismissal of the responsibility of authorities who manipulated the lynch mobs and witch hunts, but dictionaries seldom chronicle the injustice of the victors who write the history. Conventional wisdom holds that lynchings were improvisational.

Perhaps the English speaking viewers are meant to associate the implicit racism of the term. Ambush after all doesn’t conjure the slightest whiff of antisemitism. But here’s where Israel’s liberal arts wordsmiths may have outsmarted themselves. While it’s true that thousands of African Americans were lynched through our nation’s history, to the average American who dwells not very often on shameful pasts, the definition of lynching encompasses simply an execution in lieu a trial. Even an unfair trial, or kangaroo court, can be called a lynching. A lynch mob is an enraged crowd meting vigilante justice, hanging high what to them is an indisputable wrongdoer. The overwhelming number of lynching victims in America’s lawless west were hunted criminals. While xenophobia may always have skewed the mob’s judgment against Indian, Chinese, Mexican, or Black, a lynching was not by definition about racial prejudice.

If the beating of the Israeli commandos illustrated a hatred, was it racist? One is meant to assume the motive was anti-Semitic, but I wonder if Arab-Israelies serving in the IDF, or foreign nationals or mercenaries, don’t garner antagonism as vociferous. The historic prejudice decried by ADL and holocaust remembrance stalwarts has been against Jews, but the world today reviles Israeli arrogance. The US has become universal despised, but American tourists are still assured the world hates America, not its people. It’s what we’re told, if even if it is untrue. I do not know of course if Israelis are proffered the same polite assurance.

Did Israel mean that the Freedom Flotilla was an attempted lynching of Israel’s international reputation? In that case, Israel’s predictable militant reaction made such a hanging a matter of assisted suicide. If the Israeli national character suffers irreparably, who’s going to be to bame?

Presuming to paint its soldiers into a lynching scene, which character does Israel assert they played? Were the IDF the horse thieves? Bandying about the connotations of lynchings makes for an interesting turning of the tables. Were the convoy defenders the ones pronouncing hasty judgment upon their dark-of-night assailants? Or were Israel’s commandos declaring themselves judge and jury on the alleged arms smugglers?

In cases of breaking and entering, the home field advantage is accorded the right to self-defense. A SWAT team might make the argument that identifying itself as law enforcement preempts a homeowner’s recourse to armed resistance, based on the principle that an arresting officer’s safety is inviolate. Israel may assert it was policing its border, but unfortunately last Monday it was operating beyond its border. What protection can a law enforcement function claim if outside its jurisdiction?

It might be well and good to say Israel reserves the right to protect itself from enemies anywhere in the world, but it can’t pretend its badge should command universal obeisance.

The Mavi Marmara had declared her intention to run Israel’s blockade, but hadn’t yet attempted the crossing. In fact the Freedom Flotilla was moving away from the contentious area at the time of Israel’s attack.

Who then was the victim of this “lynch?”

I’ll tell you why it’s lynch and not lynching. Because Israel’s soldiers weren’t killed, they were beaten. Not to diminish what might have been their adversaries’ worst intentions, but the gantlet the IDF commandoes received was not a hanging specifically, and not very effective in terms of proving fatal. On the other hand, the outcome was the killing of an as yet undisclosed multitude of civilians, unarmed to an extent that the killings can be defined as executions, the entire result already adjudged to have been a massacre.

Israel’s invention of “lynch” is an utterance which I believe betrays the sign of shame the world longs to see from Israel. Even as the public revels in watching the Israeli hubris on self-destruct, empathy has us hoping to see Israel grasp for its lost humanity. To describe the events on the Turkish passenger ship as a “lynch” is to fail to summon the chutzpah to bear false witness, to accuse the dead of capital murder. Neither does Israel dare to raise the specter that summary executions were committed that night at all.

There is a term to describe

a) Israel’s taking the law into its own hands by pirating a ship belonging to another nation while it sailed in international waters,

b) Israel’s soldiers not being a police force but an ideology-deputized posse,

c) opting in a confused fervor to punish outlaws thought to have been caught red handed,

d) issuing on the spot death sentences.

It’s called a mass lynching.

Mother Jones: You Don’t Need a Vote

Posted on April 18, 2009 by NMT

After the 1914 Ludlow Massacre and the later capitulation of the UMWA union, Mother Jones, by now 85 years old, toured the US to spread the word about what happened. She wrote in her autobiography, about a meeting in Kansas City: “I told the great audience that packed the hall that when their coal glowed red in their fires, it was the blood of the workers, of men who went down into black holes to dig it, of women who suffered and endured, of little children who had but a brief childhood. ‘You are being warmed and made comfortable with human blood’ I said. … ‘The miners lost,’ I told them, because they had only the constitution. The other side had bayonets. In the end, bayonets always win.'”

From The Autobiography of Mother Jones, Chapter 22:
YOU DON’T NEED A VOTE TO RAISE HELL.

Five hundred women got up a dinner and asked me to speak. Most of the women were crazy about women suffrage. They thought that Kingdom-come would follow the enfranchisement of women.

“You must stand for free speech in the streets,” I told them.

“How can we,” piped a woman, “when we haven’t a vote?”

“I have never had a vote,” said I, “and I have raised hell all over this country! You don’t need a vote to raise hell! You need convictions and a voice!”

Some one meowed, “You’re an anti!”

“I am not an anti to anything which will bring freedom to my class,” said I. “But I am going to be honest with you sincere women who are working for votes for women. The women of Colorado have had the vote for two generations and the working men and women are in slavery. The state is in slavery, vassal to the Colorado Iron and Fuel Company and its subsidiary interests. A man who was present at a meeting of mine owners told me that when the trouble started in the mines, one operator proposed that women be disfranchised because here and there some woman had raised her voice in behalf of the miners. Another operator jumped to his feet and shouted, ‘For God’s sake! What are you talking about! If it had not been for the women’s vote the miners would have beaten us long ago!'”

Some of the women gasped with horror. One or two left the room. I told the women I did not believe in women’s rights nor in men’s rights but in human rights. “No matter what your fight,” I said, “don’t be ladylike! God Almighty made women and the Rockefeller gang of thieves made the ladies. I have just fought through sixteen months of bitter warfare in Colorado. I have been up against armed mercenaries but this old woman, without a vote, and with nothing but a hatpin has scared them.

“Organized labor should organize its women along industrial lines. Politics is only the servant of industry. The plutocrats have organized their women. They keep them busy with suffrage and prohibition and charity.”

Ground Zero for The Empire’s Collapse- Depository Trust & Clearing Corporation?

Posted on April 16, 2009 by Tony Logan

The Depository Trust & Clearing Corporation or DTCC is possibly Ground Zero for the US Empire’s potential coming economic collapse, because it is the primary and dominant insuring company that guarantees pay outs for those who hold junk stocks, if they go belly up.

‘DTCC’s DTC depository provides custody and asset servicing for 3.5 million securities issues, comprised mostly of stocks and bonds, from the United States and 110 other countries and territories, valued at $40 trillion, more than any other depository in the world. In 2007, DTCC settled the vast majority of securities transactions in the United States, more than $1.86 quadrillion in value.’ Taken from wikipedia’s DTCC entry

Looking to see who is in charge at DTCC? Nice group of pics, right? Nice people I’m sure… lol… Good patriotic Americans and what all.

The DTCC history show 2 events that pushed this corporate outfit to the head. One was Bill Clinton’s deregulation of securities signed into law in 2000 at the end of his presidency, and the other was 9/11.

9/11 effectively was the death blow to paper securities, and DTCC was right there offering electronic securities instead. Here at DTCC’s site one finds this brief explanation of No More Paper: The Problems with Paper …see below

Q. I have heard that many securities were lost on 9/11. Is that true?

A. Yes, although they were eventually all replaced. Some $16 billion worth of certificates disappeared in the collapse of the World Trade Center towers on 9/11, and it took many months and nearly $300 million in industry costs to replace them. During this period, electronic records were used to ensure the owners of the securities could be identified. Meanwhile, shares held electronically were not harmed at all on 9/11.

OK, that’s nice…. And here, written in 1999 about the Clinton Administration’s proposed financial deregulation of that year that then later allowed the rise of even more speculative securities and the eventual domination of DTCC over the securities market, is the following…

***Threat to financial stability***

The proposed deregulation will increase the degree of monopolization in finance and worsen the position of consumers in relation to creditors. Even more significant is its impact on the overall stability of US and world capitalism. The bill ties the banking system and the insurance industry even more directly to the volatile US stock market, virtually guaranteeing that any significant plunge on Wall Street will have an immediate and catastrophic impact throughout the US financial system.

The Glass-Steagall Act of 1933, which the deregulation bill would repeal, was not adopted to protect consumers, although one of its most celebrated provisions was the establishment of the Federal Deposit Insurance Corporation, which guarantees bank deposits of up to $100,000. The law was enacted during the first 100 days of the Roosevelt administration to rescue a banking system which had collapsed, wiping out the life savings of millions of working people, and threatening to bring the profit system to a complete standstill.

As a recent history of that era notes: “The more than five thousand bank failures between the Crash and the New Deal’s rescue operation in March 1933 wiped out some $7 billion in depositors’ money. Accelerating foreclosures on defaulted home mortgages—150,000 homeowners lost their property in 1930, 200,000 in 1931, 250,000 in 1932—stripped millions of people of both shelter and life savings at a single stroke and menaced the balance sheets of thousands of surviving banks” (David Kennedy, Freedom from Fear, Oxford University Press, 1999, pp. 162-63).

The separation of banking and the stock exchange was ordered in response to revelations of the gross corruption and manipulation of the market by giant banking houses, above all the House of Morgan, which organized huge corporate mergers for its own profit and awarded preferential access to share issues to favored politicians and businessmen. Such insider trading played a major role in the speculative boom which preceded the 1929 crash.

Over the past 20 years the restrictions imposed by Glass-Steagall have been gradually relaxed under pressure from the banks, which sought more profitable outlets for their capital, especially in the booming stock market, and which complained that foreign competitors suffered no such limitations to their financial operations. In 1990 the Federal Reserve Board first permitted a bank (J.P. Morgan) to sell stock through a subsidiary, although stock market operations were limited to 10 percent of the company’s total revenue. In 1996 this ceiling was lifted to 25 percent. Now it will be abolished.

The Wall Street Journal celebrated the agreement to end such restrictions with an editorial declaring that the banks had been unfairly scapegoated for the Great Depression. The headline of one Journal article detailing the impact of the proposed law declared, “Finally, 1929 Begins to Fade.”

This comment underscores the greatest irony in the banking deregulation bill. Legislation first adopted to save American capitalism from the consequences of the 1929 Wall Street Crash is being abolished just at the point where the conditions are emerging for an even greater speculative financial collapse. The enormous volatility in the stock exchange in recent months has been accompanied by repeated warnings that stocks are grossly overvalued, with some computer and Internet stocks selling at prices 100 times earnings or even greater.

And there is a much more recent experience than 1929 to serve as a cautionary tale. A financial deregulation bill was passed in the early 1980s under the Reagan administration, lifting many restrictions on the activities of savings and loan associations, which had previously been limited primarily to the home-loan market. The result was an orgy of speculation, profiteering and outright plundering of assets, culminating in collapse and the biggest financial bailout in US history, costing the federal government more than $500 billion. The repetition of such events in the much larger banking and securities markets would be beyond the scope of any federal bailout.

The complete article published back in 1999 at Clinton, Republicans agree to deregulation of US financial system Almost a totally prophetic article, as it turns out. So now we wait and see if all the government money thrown at these financial pirates…YES, financial pirates…’works’? Will it be capable of floating all this junk held insured by DTCC?

Liability and the value of a human life…

Posted on December 26, 2008 by Brother Jonah

How much does one person or all of society owe for injuries, deaths or other damages caused by actions that an individual or the representatives of Society take?

(I posted this on another forum, alfrankenweb.com. This hits at the core of a few issues that have been brought out in the forum recently.)

For instance, this time last year, an Insurance Agency, Cigna, made the decision to allow a young lady to die, even though there was a transplant liver available for her, under the notion that she only had about a 50% chance of surviving such an operation.

This mirrors the Terri Schiavo case, in several important ways.

George Bush, Jeb Bush, Karl Rove, Pat Buchanan, Rush Limbaugh, Newt Gingrich, just a representative sampling of Republican “Leadership”… not only didn’t condemn the decision but some actually applauded it.
(A Mirror doesn’t show the same image as a photograph, the orientation is that Left and Right are reversed.)

Mrs Schiavo had, apparently, about a zero percent chance of survival or ever recovering from her coma.

Richard Cheney, even though his company has surpassed Microsoft as the richest corporation in America and therefore the world, had a life prolonging surgery done, at Taxpayer Expense, even though:

his age, condition and personal habits will nullify the surgery within a decade anyway…

He has never contributed anything to Society in his entire sojourn on our planet…

And has himself denied and been an accomplice to denying the same types of life-prolonging surgeries not only to his own employees but also to any Americans who weren’t smart enough to be born, like him, with silver spoons in our mouths.

And he’s an accomplice to more than a Million murders.

Then there’s the issue of Guns.

The “Swimming Pool” analogy was brought up, and having car seats for kids too small to effectively be protected by seatbelts, and the issue of Seat-Belts themselves.

But it’s the Insurance Underwriters who brought legislation that ordered the Seat Belt and Car Seat laws, also not allowing people to burn toxic waste in their backyards, or burn anything that will set their neighborhood on fire or even their own houses.

Insurance companies = not social liberals.

In Texas, which the Frightened Wing love to proclaim as their primary territory, you can’t operate a motor vehicle without Fiscal Responsibility. You either have to have 50,000 dollars in a bank account specifically set aside for the purpose, for each vehicle, for liability claims… or purchase insurance for each vehicle.

If you own dogs which are prone to bite, your homeowners insurance goes up.

If you have a history of driving like you’re stupid your car insurance premiums go up, AND you have to carry more liability coverage.

Here’s where the disconnect begins… If you own a business,even if it’s a business like Construction which has a very high attrition rate among the workers (the ones who do the actual building both of the properties and the profits of the company) you DON’T have to carry basic Workman’s Compensation insurance. and there’s even moves afoot to Decrease employer contributions to Social Security, the ONLY disability insurance available to the vast majority of non-union Workers.

You’re also not required to carry insurance on firearms in case you, your kids, your spouse etcetera decide to do something either deliberately evil or blatantly STUPID and get people killed.

The “Poster Child Case” for this attitude was India v Union Carbide for damages done including Human Lives Lost (and yes, for those right wingers who hate being called Baby-Killers, a lot of the people killed or crippled for life were in fact infants.)

The Right Wing argue that the judgment was excessive because the “Third World” meaning dark brown people would never in their lifetimes earn more than $30K (conveniently ignoring the FACT that these were the families of Union Carbide’s ~~Corporate Slave Labor Pool~~errr… “Valued Employees” yeah, that’s the ticket) and thus the value of their lives was not equivalent to the lives of American White Collar Workers

They also, in cases of Capital Murder, or the global “war on terror” trot out the Old Testament law of “eye shall go for eye, tooth for tooth, stripe for stripe and life for life”

So, here’s an interesting theory of how that would work.

Say you’re responsible, through arrogance and ignorance, for your employee being crippled for life.

The catfish-processing workers Mr Bush declared to not be worthy of any compensation for their Carpal Tunnel injuries, for instance, every person who was crippled by that policy and the practices of the Catfish farms and their processing plants, should be able to demand that one person in the corporate heirarchy or amongst the investors in those operations should be taken out, and made to stretch his hand out across a cement block, and have it smashed irreparably with a large heavy object.

Because, you see, stripe shall go for stripe.

That refers to the seriousness of a wound.

The War on Terror, should have ended immediately at the time 3,000 of the people responsible had been killed.

Oh, wait, me ams forgot, instead of going after the ones actually responsible the Bush-Cheney people chose to go after civilian targets.

As Gilda Radner used to say, “never mind”.

Instead of the Right Wing screaming and howling about the victims and their families at Bhopal being compensated at a rate of One Years Salary for one of the Office Workers who were their ~~Overseers on the Union Carbide Plantation~~ errr … Supervisors and managers… yeah, that’s the ticket… for each HUMAN LIFE LOST and for those who merely had injuries that would cripple them for life, less money than it would take to have their injuries treated at anything other than a Third World hospital.

You know, the hospitals the same Right Wingers say are so very inferior to Our System…

Instead of that, for every life lost, starting from the CEO, the Board of Directors, on down, the Corporate Officers and shareholders, from the ones who own the most shares in the company on down, being taken out and asphyxiated in a Gas Chamber, just like their victims.

I think the Right Wing would scream very loudly about something like that.

Let’s turn it to a more pleasant subject.

If you have a Swimming Pool you have to have insurance on it. And routine inspections and random inspections.

If you don’t you get fined. That’s the way it is and even that wasn’t brought about by “Those Librul Elitist Latte-sippin’ Prius-Drivin’ Khaki pants-wearin’ sissy-boys” but instead as a cold, analytical business decision.

So, since that was the standard argument trotted out to counter the notion that gun owners should be held responsible for their TOYS

Let’s see the Masculinity Challenged Ones put their money where their mouths are.

Or at least find out, because, you know, unlike the freaks hanging out at the local firing range or the gun shop, Insurance Companies hire persons called “Actuaries” who maintain statistics like the number of accidental drownings per number of swimming pools, the number of Automobile fatalities as compared to the number of automobiles, the number of dog-bites by breed,…

Number of accidental and/or intentional gunshot wounds compared to the number and types of firearms…

Go to an Insurance Company Website.

And get the price quotes for Liability on your guns.

You’ll be asked questions, answer them honestly.

How many firearms you own.

How much ammunition you typically keep on hand.

Do you have a secured gun rack or safe for your firearms?

Keep in mind that your idea of secure probably isn’t as stringent as that of people who actually keep track of such things and actually know what the hell they’re doing.

Do you keep your ammunition inside your house?

If you do, you’re storing EXPLOSIVES in the same area where your family lives.

Buy some extra fire insurance, life insurance for every person in the house, and liability for your neighbors who might also perish or be seriously injured if you’re not SUPREMELY careful.

How many children do you have living with you or who typically visit?

How many of them are disabled and not as likely to survive without injuries if the Unthinkable Happens.

Hell with that, it’s not Unthinkable, if you don’t THINK about this you have absolutely no business whatsoever owning firearms…

Since bullets typically go through the wall of a house, even a BRICK wall, and into the neighboring house, get life insurance for each person living around you.

Answer all the questions honestly…

When you get through all the questions click the “Calculate your Liability” button or the “Calculate your Rate” button…. doesn’t matter which, and see what you’ll pay… IF YOU REALLY ARE HONEST AND ACTUALLY GIVE THREE QUARTERS OF A FAT RAT’S ARSE ABOUT ANYBODY.

If you can’t afford the premiums you sure as hell can’t afford the potential liability.

For those too lazy or not honest enough to go through that, if you shoot somebody, accidentally of course, BECAUSE I SIMPLY KNOW YOU WOULDN’T DO IT DELIBERATELY and the guy isn’t killed, just oh, let’s see, what’s a common occurrence with gunshot wounds, hey, I know, permanent brain damage where the person is on life support for the rest of his life…

Or simply made paraplegic or quadriplegic… that happens a lot too.

Your liability for his or her medical care could run into the MILLIONS, plus the cost of him to survive with as much normalcy and dignity as possible.

What’s that you say? You DON’T HAVE a few million laying around?

Hmmmm…….

80906 Parade of Homes of Assholes

Posted on October 30, 2008 by Eric Verlo

COLORADO SPRINGS- Is it my imagination, or are the McCain/Palin yard signs receding? This year has meant such a depressing drive through our neighborhood, to see all the “Families for McCain,” even “Women for McCain” signs. Today we thought we’d record just how many there were, and lo, they appear to be on the wane. Sure, signs for local Republican contenders remain, thus the selfish/conservative residences are still marked, but their homeowners may now be shying away from being full-on bullish for their dwarf geezer and his bespectacled Gold Rush tart.

Still, let’s list the addresses of those Colorado Springs 80906 neighbors who steadfastly endorse the McCain/Palin ticket. Smile, you’re on Candid “dumbshits-only” Camera. This time your arrogant determination to show your ignorant boot-heel clicking is for keeps.

These signs are like BBB badges, but say the obverse. I’ll bet these households are the same as in 2004, when they were the Bastards who Backed Bush.

We thought about offering OPT-OUT coupons, for those who didn’t want their addresses on a Dumbshit List. But it would have been disingenuous of us. The election results are going to be permanent. Which side you cheered tells plenty about you, and it will be good to remember.

Singin’ the Bail-out blues…

Posted on October 1, 2008 by Brother Jonah

..except nothing that ugly could possibly be put to music..

There’s a massive effort from the Far Right to blame the Liberals, blame the Working poor (whispered rumors are that it’s those MINORITIES) when the evidence has been staring us right in the face for all this time.

Infomercials on how to Get Rich Without Trying filled the late-night, early morning TeeVee…

The loans that were defaulted, turns out that not only most but the Vast Majority of them were to people who were speculating.

Not people who were buying homes to actually, you know, LIVE in them.

The “Flip that house” show is still on HGTV…

Buy a house at a flexible rate, wait while the real estate value goes up, then sell it at a profit.

The Infomercials promised that you could do this with “little or even NO money down! How could you possibly lose?”

Buy a house with no money, sell it a week later, pay off the balance of your mortgage and use the rest as paper collateral, “Cash Instrument” on another loan, preferably two, and do the same thing over again.

“How could you possibly lose?”

ummm… maybe by following the instructions, yeah, that’s a fast way to lose.

NOW, How Much Would You Pay? BUT WAIT! THERE’S MORE!

these “Cash Instruments” essentially a post-dated check backed by an extremely ætherial government guarantee of payment…

then get used as collateral for secondary and tertiary levels of loans.

Now, the Republican-controlled Congress, (until January 07), top heavy with Harvard MBAs and even Doctorates in Economics, and of course the Investment Banks and the Brokerage Houses, for some reason now they’re saying they’re the victims, that none of them had the experience or the intellect to spot a Pyramid Scam in the works.

Especially not when given a 15 year head start on spotting it.

They say they were forced to give loans to Poor Risk (meaning: underpaid Minorities) customers, but neglect to mention that most of those owner-occupant houses didn’t default.

They also weren’t “required by Federal Law” to push the bank guarantees off onto the Speculators, in fact, they seem to be complicit in those crimes.

And all these Financial Experts, especially those in Congress, like McCain, have had their Corporate Sponsors spend Large Money telling us how vigilant they were over our economy…

WELL, DUH!!

So the most they can claim is Not Guilty By Reason of Massive Incompetence.

But they come, not hat in hand, not humbly, but Arrogantly, demanding that we pay their bills, with no questions and no oversight.

Because, so they say, they’re the only ones who have the competence and experience to do it.

my yass.

We’ve just experienced the full measure of their “Competence”

Then there’s the little matter of that Federal Insurance on the mortgages.

It wasn’t there. Why was that insurance not there?

Two Words: Eye Rack.

Seems Mr Bush, whose Grandpoppy, Poppy and brothers are all Bankers, has had a little Fancy Finance Finagling going on to “pay” the bills on that mess.

It makes the Treasonous Actions of Reagan, North, Poindexter Bush Sr Secord and Casey look like a trial run.

Which essentially it was.

This time instead of funding the Cuba Libre, the Contras, the Medellin Cartel, the Taliban, Hizbollah and al Qa’eda, it goes directly into the American Taliban in other words BlackWater, Halliburton and other more highly organized Terrorist Groups.

But they’re going to blame the entire collapse on a relative handful of low-budget homeowners.

Eat the Rich.

Stop the Senate of would-be thieves!

Posted on October 1, 2008 by Eric Verlo

Call your Band of Thieving Senators now to tell them you don’t want to give $700 Billion –more honestly likely to be $5 Trillion– to the robber bankers of Wall Street! Telephone Colorado Senators Ken Salazar at 202.224.5852 and Wayne Allard at 202.224.5941 NOW. Why not call OBAMA too! (phone: 202-224-2854) Tell them you want them to consult with at least ONE economist of repute! At least one analyst not on the corporate payroll. As he promised yesterday, Michael Moore suggests a 10 PART PLAN, only IF pressure can be brought to bear right now to stop the Senate bill.

Friends,

The richest 400 Americans — that’s right, just four hundred people — own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly $700 billion — the same amount that they are now demanding we give to them for the “bailout.” Why don’t they just spend the money they made under Bush to bail themselves out? They’d still have nearly a trillion dollars left over to spread amongst themselves!

Of course, they are not going to do that — at least not voluntarily. George W. Bush was handed a $127 billion surplus when Bill Clinton left office. Because that money was OUR money and not his, he did what the rich prefer to do — spend it and never look back. Now we have a $9.5 trillion debt. Why on earth would we even think of giving these robber barons any more of our money?

I would like to propose my own bailout plan. My suggestions, listed below, are predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps. Sorry, fellows, but you drilled it into our heads one too many times: There… is… no… free… lunch. And thank you for encouraging us to hate people on welfare! So, there will be no handouts from us to you. The Senate, tonight, is going to try to rush their version of a “bailout” bill to a vote. They must be stopped. We did it on Monday with the House, and we can do it again today with the Senate.

It is clear, though, that we cannot simply keep protesting without proposing exactly what it is we think Congress should do. So, after consulting with a number of people smarter than Phil Gramm, here is my proposal, now known as “Mike’s Rescue Plan.” It has 10 simple, straightforward points. They are:

1. APPOINT A SPECIAL PROSECUTOR TO CRIMINALLY INDICT ANYONE ON WALL STREET WHO KNOWINGLY CONTRIBUTED TO THIS COLLAPSE. Before any new money is expended, Congress must commit, by resolution, to criminally prosecute anyone who had anything to do with the attempted sacking of our economy. This means that anyone who committed insider trading, securities fraud or any action that helped bring about this collapse must go to jail. This Congress must call for a Special Prosecutor who will vigorously go after everyone who created the mess, and anyone else who attempts to scam the public in the future.

2. THE RICH MUST PAY FOR THEIR OWN BAILOUT. They may have to live in 5 houses instead of 7. They may have to drive 9 cars instead of 13. The chef for their mini-terriers may have to be reassigned. But there is no way in hell, after forcing family incomes to go down more than $2,000 dollars during the Bush years, that working people and the middle class are going to fork over one dime to underwrite the next yacht purchase.

If they truly need the $700 billion they say they need, well, here is an easy way they can raise it:

a) Every couple who makes over a million dollars a year and every single taxpayer who makes over $500,000 a year will pay a 10% surcharge tax for five years. (It’s the Senator Sanders plan. He’s like Colonel Sanders, only he’s out to fry the right chickens.) That means the rich will still be paying less income tax than when Carter was president. This will raise a total of $300 billion.

b) Like nearly every other democracy, charge a 0.25% tax on every stock transaction. This will raise more than $200 billion in a year.

c) Because every stockholder is a patriotic American, stockholders will forgo receiving a dividend check for one quarter and instead this money will go the treasury to help pay for the bailout.

d) 25% of major U.S. corporations currently pay NO federal income tax. Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. If we raise the corporate income tax back to the level of the 1950s, that gives us an extra $500 billion.

All of this combined should be enough to end the calamity. The rich will get to keep their mansions and their servants, and our United States government (“COUNTRY FIRST!”) will have a little leftover to repair some roads, bridges and schools.

3. BAIL OUT THE PEOPLE LOSING THEIR HOMES, NOT THE PEOPLE WHO WILL BUILD AN EIGHTH HOME. There are 1.3 million homes in foreclosure right now. That is what is at the heart of this problem. So instead of giving the money to the banks as a gift, pay down each of these mortgages by $100,000. Force the banks to renegotiate the mortgage so the homeowner can pay on its current value. To insure that this help does no go to speculators and those who have tried to make money by flipping houses, this bailout is only for people’s primary residence. And in return for the $100K paydown on the existing mortgage, the government gets to share in the holding of the mortgage so that it can get some of its money back. Thus, the total initial cost of fixing the mortgage crisis at its roots (instead of with the greedy lenders) is $150 billion, not $700 billion.

And let’s set the record straight. People who have defaulted on their mortgages are not “bad risks.” They are our fellow Americans, and all they wanted was what we all want and most of us still get: a home to call their own. But during the Bush years, millions of them lost the decent paying jobs they had. Six million fell into poverty. Seven million lost their health insurance. And every one of them saw their real wages go down by $2,000. Those who dare to look down on these Americans who got hit with one bad break after another should be ashamed. We are a better, stronger, safer and happier society when all of our citizens can afford to live in a home that they own.

4. IF YOUR BANK OR COMPANY GETS ANY OF OUR MONEY IN A “BAILOUT,” THEN WE OWN YOU. Sorry, that’s how it’s done. If the bank gives me money so I can buy a house, the bank “owns” that house until I pay it all back — with interest. Same deal for Wall Street. Whatever money you need to stay afloat, if our government considers you a safe risk — and necessary for the good of the country — then you can get a loan, but we will own you. If you default, we will sell you. This is how the Swedish government did it and it worked.

5. ALL REGULATIONS MUST BE RESTORED. THE REAGAN REVOLUTION IS DEAD. This catastrophe happened because we let the fox have the keys to the henhouse. In 1999, Phil Gramm authored a bill to remove all the regulations that governed Wall Street and our banking system. The bill passed and Clinton signed it. Here’s what Sen. Phil Gramm, McCain’s chief economic advisor, said at the bill signing:

“In the 1930s … it was believed that government was the answer. It was believed that stability and growth came from government overriding the functioning of free markets.

“We are here today to repeal [that] because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.

“I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future, and I am awfully proud to have been a part of making it a reality.”

This bill must be repealed. Bill Clinton can help by leading the effort for the repeal of the Gramm bill and the reinstating of even tougher regulations regarding our financial institutions. And when they’re done with that, they can restore the regulations for the airlines, the inspection of our food, the oil industry, OSHA, and every other entity that affects our daily lives. All oversight provisions for any “bailout” must have enforcement monies attached to them and criminal penalties for all offenders.

6. IF IT’S TOO BIG TO FAIL, THEN THAT MEANS IT’S TOO BIG TO EXIST. Allowing the creation of these mega-mergers and not enforcing the monopoly and anti-trust laws has allowed a number of financial institutions and corporations to become so large, the very thought of their collapse means an even bigger collapse across the entire economy. No one or two companies should have this kind of power. The so-called “economic Pearl Harbor” can’t happen when you have hundreds — thousands — of institutions where people have their money. When you have a dozen auto companies, if one goes belly-up, we don’t face a national disaster. If you have three separately-owned daily newspapers in your town, then one media company can’t call all the shots (I know… What am I thinking?! Who reads a paper anymore? Sure glad all those mergers and buyouts left us with a strong and free press!). Laws must be enacted to prevent companies from being so large and dominant that with one slingshot to the eye, the giant falls and dies. And no institution should be allowed to set up money schemes that no one can understand. If you can’t explain it in two sentences, you shouldn’t be taking anyone’s money.

7. NO EXECUTIVE SHOULD BE PAID MORE THAN 40 TIMES THEIR AVERAGE EMPLOYEE, AND NO EXECUTIVE SHOULD RECEIVE ANY KIND OF “PARACHUTE” OTHER THAN THE VERY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE COMPANY. In 1980, the average American CEO made 45 times what their employees made. By 2003, they were making 254 times what their workers made. After 8 years of Bush, they now make over 400 times what their average employee makes. How this can happen at publicly held companies is beyond reason. In Britain, the average CEO makes 28 times what their average employee makes. In Japan, it’s only 17 times! The last I heard, the CEO of Toyota was living the high life in Tokyo. How does he do it on so little money? Seriously, this is an outrage. We have created the mess we’re in by letting the people at the top become bloated beyond belief with millions of dollars. This has to stop. Not only should no executive who receives help out of this mess profit from it, but any executive who was in charge of running his company into the ground should be fired before the company receives any help.

8. STRENGTHEN THE FDIC AND MAKE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE’S SAVINGS, BUT ALSO THEIR PENSIONS AND THEIR HOMES. Obama was correct yesterday to propose expanding FDIC protection of people’s savings in their banks to $250,000. But this same sort of government insurance must be given to our nation’s pension funds. People should never have to worry about whether or not the money they’ve put away for their old age will be there. This will mean strict government oversight of companies who manage their employees’ funds — or perhaps it means that the companies will have to turn over those funds and their management to the government. People’s private retirement funds must also be protected, but perhaps it’s time to consider not having one’s retirement invested in the casino known as the stock market. Our government should have a solemn duty to guarantee that no one who grows old in this country has to worry about ending up destitute.

9. EVERYBODY NEEDS TO TAKE A DEEP BREATH, CALM DOWN, AND NOT LET FEAR RULE THE DAY. Turn off the TV! We are not in the Second Great Depression. The sky is not falling. Pundits and politicians are lying to us so fast and furious it’s hard not to be affected by all the fear mongering. Even I, yesterday, wrote to you and repeated what I heard on the news, that the Dow had the biggest one day drop in its history. Well, that’s true in terms of points, but its 7% drop came nowhere close to Black Monday in 1987 when the stock market in one day lost 23% of its value. In the ’80s, 3,000 banks closed, but America didn’t go out of business. These institutions have always had their ups and downs and eventually it works out. It has to, because the rich do not like their wealth being disrupted! They have a vested interest in calming things down and getting back into the Jacuzzi.

As crazy as things are right now, tens of thousands of people got a car loan this week. Thousands went to the bank and got a mortgage to buy a home. Students just back to college found banks more than happy to put them into hock for the next 15 years with a student loan. Life has gone on. Not a single person has lost any of their money if it’s in a bank or a treasury note or a CD. And the most amazing thing is that the American public hasn’t bought the scare campaign. The citizens didn’t blink, and instead told Congress to take that bailout and shove it. THAT was impressive. Why didn’t the population succumb to the fright-filled warnings from their president and his cronies? Well, you can only say ‘Saddam has da bomb’ so many times before the people realize you’re a lying sack of shite. After eight long years, the nation is worn out and simply can’t take it any longer.

10. CREATE A NATIONAL BANK, A “PEOPLE’S BANK.” If we really are itching to print up a trillion dollars, instead of giving it to a few rich people, why don’t we give it to ourselves? Now that we own Freddie and Fannie, why not set up a people’s bank? One that can provide low-interest loans for all sorts of people who want to own a home, start a small business, go to school, come up with the cure for cancer or create the next great invention. And now that we own AIG, the country’s largest insurance company, let’s take the next step and provide health insurance for everyone. Medicare for all. It will save us so much money in the long run. And we won’t be 12th on the life expectancy list. We’ll be able to have a longer life, enjoying our government-protected pension, and living to see the day when the corporate criminals who caused so much misery are let out of prison so that we can help reaclimate them to civilian life — a life with one nice home and a gas-free car that was invented with help from the People’s Bank.

Yours,
Michael Moore

P.S. Call your Senators now. Here’s a backup link in case we crash that site again. They are going to attempt their own version of the Looting of America tonight. And let your reps know if you agree with my 10-point plan.

Not Sons of Bitches, Dems are bitches

Posted on September 30, 2008 by Eric Verlo

When the Democrats were the minority they seemed so weak. Now in the Majority they’re positively wimps. Pundits tell us it’s a lack of leadership. Why would the corporate media overlook who’s at the whip? It would seem clear that the corporations writing the legislation, funding the campaigns, and paying for the free lunch, are driving the agenda. The GOP is paid to play the white hats, and when a bill is unpopular, the Dems are pushed forward to play the creeps.

On the proposed bailout ripoff, the Dems were not the sons of bitches, they’re just the bitches. I heard a Dem scare-mongeree explain that in spite of loathing the idea of a solution which benefited the wrong people, the bailout was our only option. “All economists agree we have to do this” he said, ignoring quite a few who have urged the opposite. The interviewer interrupted to announce, this just in, the vote had failed and as a result the DOW had plunged by 700 points. She wanted his response: “Oh. My. God.”

As Bush and his GOP team stand in the shadows, the Democrats are thrust forward to “lead” the support for this criminal legislation. Whether the bill won or lost, either way the Democrats would come out looking like shits.

I’m reminded about how an invading army flushes out defenders still hiding. Send your captives into the buildings to spring the booby-traps. Make them open the doors to draw the fire. Among thugs in prison the dirty work is done by the bitches.

Except for Democracy Now, the media won’t report the authentic Democratic efforts to lead. Here’s Dennis Kucinich on the floor of Congress speaking against the bailout and asking: why, why why:

“The $700 billion bailout for Wall Street, is driven by fear not fact. This is too much money in too a short a time going to too few people while too many questions remain unanswered.

Why aren’t we having hearings on the plan we have just received? Why aren’t we questioning the underlying premise of the need for a bailout with taxpayers’ money?

Why have we not considered any alternatives other than to give $700 billion to Wall Street? Why aren’t we asking Wall Street to clean up its own mess?

Why aren’t we passing new laws to stop the speculation, which triggered this? Why aren’t we putting up new regulatory structures to protect investors? How do we even value the $700 billion in toxic assets?

“Why aren’t we helping homeowners directly with their debt burden? Why aren’t we helping American families faced with bankruptcy. Why aren’t we reducing debt for Main Street instead of Wall Street?

Isn’t it time for fundamental change in our debt based monetary system, so we can free ourselves from the manipulation of the Federal Reserve and the banks?

Is this the United States Congress or the board of directors of Goldman Sachs? Wall Street is a place of bears and bulls. It is not smart to force taxpayers to dance with bears or to follow closely behind the bulls.”

Michael Moore is more charitable about the Democrats’ actions yesterday. Here’s his update:

Friends,

Everyone said the bill would pass. The masters of the universe were already making celebratory dinner reservations at Manhattan’s finest restaurants. Personal shoppers in Dallas and Atlanta were dispatched to do the early Christmas gifting. Mad Men of Chicago and Miami were popping corks and toasting each other long before the morning latte run.

But what they didn’t know was that hundreds of thousands of Americans woke up yesterday morning and decided it was time for revolt. The politicians never saw it coming. Millions of phone calls and emails hit Congress so hard it was as if Marshall Dillon, Elliot Ness and Dog the Bounty Hunter had descended on D.C. to stop the looting and arrest the thieves.

The Corporate Crime of the Century was halted by a vote of 228 to 205. It was rare and historic; no one could remember a time when a bill supported by the president and the leadership of both parties went down in defeat. That just never happens.

A lot of people are wondering why the right wing of the Republican Party joined with the left wing of the Democratic Party in voting down the thievery. Forty percent of Democrats and two-thirds of Republicans voted against the bill.

Here’s what happened:

The presidential race may still be close in the polls, but the Congressional races are pointing toward a landslide for the Democrats. Few dispute the prediction that the Republicans are in for a whoopin’ on November 4th. Up to 30 Republican House seats could be lost in what would be a stunning repudiation of their agenda.

The Republican reps are so scared of losing their seats, when this “financial crisis” reared its head two weeks ago, they realized they had just been handed their one and only chance to separate themselves from Bush before the election, while doing something that would make them look like they were on the side of “the people.”

Watching C-Span yesterday morning was one of the best comedy shows I’d seen in ages. There they were, one Republican after another who had backed the war and sunk the country into record debt, who had voted to kill every regulation that would have kept Wall Street in check — there they were, now crying foul and standing up for the little guy! One after another, they stood at the microphone on the House floor and threw Bush under the bus, under the train (even though they had voted to kill off our nation’s trains, too), heck, they would’ve thrown him under the rising waters of the Lower Ninth Ward if they could’ve conjured up another hurricane. You know how your dog acts when sprayed by a skunk? He howls and runs around trying to shake it off, rubbing and rolling himself on every piece of your carpet, trying to get rid of the stench. That’s what it looked like on the Republican side of the aisle yesterday, and it was a sight to behold.

The 95 brave Dems who broke with Barney Frank and Chris Dodd were the real heroes, just like those few who stood up and voted against the war in October of 2002. Watch the remarks from yesterday of Reps. Marcy Kaptur, Sheila Jackson Lee, and Dennis Kucinich. They spoke the truth.

The Dems who voted for the giveaway did so mostly because they were scared by the threats of Wall Street, that if the rich didn’t get their handout, the market would go nuts and then it’s bye-bye stock-based pension and retirement funds.

And guess what? That’s exactly what Wall Street did! The largest, single-day drop in the Dow in the history of the New York Stock exchange. The news anchors last night screamed it out: Americans just lost 1.2 trillion dollars in the stock market!! It’s a financial Pearl Harbor! The sky is falling! Bird flu! Killer Bees!

Of course, sane people know that nobody “lost” anything yesterday, that stocks go up and down and this too shall pass because the rich will now buy low, hold, then sell off, then buy low again.

But for now, Wall Street and its propaganda arm (the networks and media it owns) will continue to try and scare the bejesus out of you. It will be harder to get a loan. Some people will lose their jobs. A weak nation of wimps won’t last long under this torture. Or will we? Is this our line in the sand?

Here’s my guess: The Democratic leadership in the House secretly hoped all along that this lousy bill would go down. With Bush’s proposals shredded, the Dems knew they could then write their own bill that favors the average American, not the upper 10% who were hoping for another kegger of gold.

So the ball is in the Democrats’ hands. The gun from Wall Street remains at their head. Before they make their next move, let me tell you what the media kept silent about while this bill was being debated:

1. The bailout bill had NO enforcement provisions for the so-called oversight group that was going to monitor Wall Street’s spending of the $700 billion;

2. It had NO penalties, fines or imprisonment for any executive who might steal any of the people’s money;

3. It did NOTHING to force banks and lenders to rewrite people’s mortgages to avoid foreclosures — this bill would not have stopped ONE foreclosure!;

4. It had NO teeth anywhere in the entire piece of legislation, using words like “suggested” when referring to the government being paid back for the bailout;

5. Over 200 economists wrote to Congress and said this bill might actually WORSEN the “financial crisis” and cause even MORE of a meltdown.

Put a fork in this slab of pork. It’s over. Now it is time for our side to state very clearly the laws WE want passed. I will send you my proposals later today. We’ve bought ourselves less than 72 hours.

Yours,
Michael Moore

Let the greedy bastards eat cake

Posted on September 22, 2008 by Eric Verlo

The tax break for the rich wasn’t enough, the GWOT siphon on the US treasury isn’t flowing fast enough, CEO bonuses aren’t enough, usury is not unregulated enough, bankruptcy laws to ruin small borrowers aren’t predatory enough, the disparity between rich and poor is not obscene enough.

It’s not enough that the parasitic rich contribute only smoke and mirrors to the economy. Now the [investment] bank robbers are dropping even that pretext to demand that US taxpayers simply fork over the money. And don’t anyone try to follow them out.

Michael Hudson on paying for the bailout AND the fallout:

It is bad enough for the government to buy $700 billion of bad bank investments at prices that no private-sector investor has been willing to approach. This itself is an undeserved giveaway to the financial institutions that caused the problem by living recklessly in the short run. But making them – and indeed, helping them – pay back this gift with the aid of favorable tax and deregulatory policies will simply shift the cost off their shoulders onto those of bank depositors, credit-card users, mortgage borrowers and hapless pension-fund contributors to the money managers who have taken most of the current income in the form of commissions, salaries and bonuses to themselves. This will sharply add to the price of doing business in the United States, and specifically to the economy’s debt overhead by the banks making even more predatory loans.

It gets worse. In order for the existing junk mortgages to be “made good,” real estate prices must be raised further above the ability to pay for this year’s five million homeowners in arrears and facing default. Is this a good thing? Is it good to raise access prices for housing even more, forcing new homebuyers to go further into debt than ever before to gain access to housing? Mr. Paulson has directed the Federal Reserve, Fannie Mae, Freddie Mac and the FHA (Federal Housing Authority) to re-inflate the real estate market. They are to pump nearly a trillion dollars into the mortgage market.

Fiscal policy is also to be brought to bear to turn the real estate market around by pressuring cities and states to “help homeowners pay their mortgage debts” by cutting property taxes. The idea is to leave more revenue available for property owners to pay mortgage bankers. Unfortunately, this will oblige cities to make up these cuts by taxing labor and sales, running deeper into debt than they already are, or cutting back their spending on basic infrastructure, education and public services and continue shortchanging their pension funds. This is the price to be exacted to “protect the taxpayer’s interest” by bailing out irresponsible banks. The solution is to let them make even more money by acting in a yet more predatory way.

And:

The most egregious pretense is that the problem is only temporary, not structural. We are merely “freeing up” the market for new loans. This is precisely the opposite of what the classical economists meant by “free markets.” What America has is a bad debt problem, not a “liquidity” problem. There is no “illiquidity” when people refuse to buy a junk mortgage on a property worth only a fraction of the mortgage’s face value. Many of these bad mortgage loans are fraudulent. The Treasury bailout seeks to make $700 billion of fictitious financial claims “real” – that is, way overvalued as compared to their actual worth(lessness).

MC FogHorn Leghorn and the F’N MA

Posted on July 26, 2008 by Eric Verlo

Fat Fannie and Fudgebutt Fred With record high foreclosures due to predatory lenders and sham mortgages, who’s in favor of a taxpayer bailout to the Federal National Mortgage Assoc.?
Or how about public monies to save the Federal Home Loan Mortgage Corporation? No takers? The homeowners are still screwed, but the lenders need our help. They’re shareholder owned, government sanctioned monopolies, and they need 25 billion. No sympathetic alms? Good thing both the FNMA and the FHLMC, appointed themselves the intentionally endearing nicknames Fannie Mae and Freddie Mac to confuse our affections.

It reminds me of a classmate who reinvented himself on the first day of college. When professors asked our names or applicable nicknames, this skinny pocket-protector wearer told the class he went by “Bear.” And his unlikely reincarnation stuck. Thereafter “Bear” became that much less an engineering geek than his no more nerdier compatriots.

Fannie and Freddie may sound like personable natural derivatives of their acronyms, but the Appalachian appellations are official. When I was confronted about having apparently misspelled the cutesy MAE, being the purported colloquial surname of the usurious giant, I found there was indeed a formal spelling. Really? For a phonetic abbreviation? Couldn’t it just as easily be spelled with a Y? And why not Fanny with a Y, like Brice, Hackabout-Jones or the derriere? Too much impropriety for hillbillies?

Do the letters FN resolve to “Fanny” more than to the more modern and infinitely appropriate Fucking?

Where did MA become May? Why not Ma, like Ma Dalton?

And wherever do you get Freddie from FHL? I see Foghorn Leghorn for the first initials. Leaving MC for Mack as of The Knife.

The FNMA / FHLMC bonanza provides a textbook simple model of the capitalist stakeout of regulated/unregulated public finance: build a business, merge to create a monopoly, then loot funds to require a taxpayer bailout.

Predatory bank strikes again…

Posted on April 12, 2008 by Brother Jonah

They might try to sue me, but I don’t owe them any money… mainly because I was a) never dumb enough to fall for their shit and b) didn’t have any property to triple-lien mortgage in order to get one of their loans.

Talking, of course, about Countrywide.

THE major player in the subprime mortgages >selling those mortgages for stock options > getting the Yankee government to bail their thieving asses out (but not the people whose mortgages they’re foreclosing)

They’re all over Cable TeeVee now, pushing their same old Bill Consolidation Loan, (available, of course, only to homeowners)

And where are they getting the bread to buy up more homes at a discount rate?

Could it possibly be that multi-hundred billion dollar bailout “our” president gave them?

Yeppers, true American “Conservative” values in action. Spend your way out of debt.

Sincerest apologies if this seems repetitive… but sometimes the madness they’re pulling is so damned unbelievable you have to write it out or speak it out loud, just to focus on the fact that it is actually REAL.

They’re redefining the classic definition of Chutzpah.

An American Socialism?

Posted on April 9, 2008 by JB

In the current housing bankruptcy “crisis” which was in fact created by the privately owned Fed through interest rates that reached 1% in 2003 combined with lax oversight of the banks, the bail out now being talked about in Congress will help… no surprise… the banks by and large. It is meant to deceive the public again by using words such as “helping” the homeowners, or “saving” peoples homes. NOTE: When you save a mortgage you save the bank’s payments by insuring they keep coming in. Besides the fact that people don’t own their homes, the banks do!

Regardless, in a socialist system this kind of gross manipulation would never have happened in the first place. And the half honest sensible solution by these charlatans in Congress should be to refi these homes to these homebuyers at the new lesser value. Because the value is lost anyway. And these homes were wildly overvalued by an out of control speculatory financial cabal. Besides, the bundled debt obligations and structured investment vehicles are worthless. Adding misery, the value of these homes will keep crashing. The rub? The banks and Investors made millions off these paper schemes and walked away… and probably paid little or no taxes. And now, the home buyers who were preyed upon by these lenders, owe money on a devalued home that was used only as a commodity by the “gentlemen” on Wall St. to manipulate, through the creation of CDO’s and SIVs? Sure! That’s capitalism. Systemic political and corporate corruption. And it’s going to get worse.

Congress desperately needs this property tax, interest payment, revenue stream to keep flowing to the banks and the states. But the reason this is a problem for Congress of “what is the best poison” to cure this, is that to bail out the home buyer who got screwed, is using tax money to keep receiving tax money. It’s double taxation!! And a zero sum game… besides rewarding the crooks. More deficit spending. But the Fed doesn’t care about homeowners and thusly told Congress as much by introducing Paulson’s new scheme to have the Fed take over the duties of the SEC and oversight of the big investment banks and their financial debauchery and chicanery. To keep the graft and secret deals going. The “dark trades” as they’re called. And spineless Congress cannot protest. They are owned by the Fed. In fact they are linked in responsibility by their repealing of the Glass-Steagall act with Greenspan’s urging (which Clinton didn’t veto) and attaching the Commodities Reauthorization Act attached to an appropriations bill in 2000. Ahhh the rewards for the capitalist elite are sweet indeed. No accountability, no worries, no chance of getting the blame. The yellow press at their beckon call.

Socialism would put all properties under the ownership of the people with all rents going to the citizens public fund and distributed to each social association for necessary services, loans, needs. There is no reason for housing or land to have any kind of increased value over the years. NONE. Ask yourself why your car then, doesn’t appreciate in value? Or your furniture? Real estate has been another way to oppress and exploit people by putting them into massive debt and making them pay banks twice the value of the home over the term of the loan. Besides the fleecing by the middlemen realtors and speculators using homes as commodities,(thus the current death spiral in housing). Have you ever looked at your amortization schedule? On a fixed rate 30 year loan? You pay twice or more of purchase price, if you paid off your loan! And you’re paying the bank first. We are insane for agreeing to this but that’s why the banks are the most powerful sector of capitalism. Which include the privately owned Federal Reserve. Oh you say, I made thousands when the market was good! No, you made the banks richer and more powerful by putting the next person into new debt for 30 years at 1 1/2 to 2 times the mortgage payment. Now your house increasing in value, puts upward pricing pressure on all homes and finally drives them out of reach of buyers. Thus the 1% housing bubble. For every person who “wins” in the capitalist system, 8 people lose (and those who depend on them). Otherwise you wouldn’t have a system where 10% of the population own 85% of the household wealth and property. The trick is to keep you thinking you’re winning when you’re really just up to your neck in debt in this American Casino Land.

Capitalism is a constant barrage of fairy tales and propaganda aimed at deluding the masses into believing there is no other way a social/economic system can be run. And that to be rich (or at least have the opportunity-possibility to be) is the ultimate goal because that is the genuine expression of self freedom and self worth! Or the lie that mercantilism and worker owned production could not work alone… without the corporate structure or Wall St. But the facts on the ground show us the truth, that capitalism is a fascist system designed to concentrate wealth at the top, steal our productive gains, and by doing so, makes those at the top the most powerful, privileged members of a society. It’s Monarchical. A plutocracy. Oligarchs rule. Fascism! Congress, the court system and state/city regulatory systems are subservient in every way to maintaining the fascist construct. Question: Ever taken part in an organization by volunteering to help change one of the many injustices in this country? You know what I’m talking about then. Wall after wall after obstacle after pot hole after bought off politician …all lined up to trip you, slip you and flip you upside down. New rules to increase petition signatures required for public ballots. Electronic vote stealing and manipulation. Redistricting. Third parties crushed. City council and board meetings held during weekdays. Hundreds of fees and licenses required to run business. Lobbyists at every turn. Zoning codes that dis-allow creative housing solutions and energy use. State insurance commissions. Mineral rights sold for pennies on the dollar… On and on and on… Unless of course your organization/church is involved in taking up the slack for capitalisms failures… then you’re a Mother Theresa! What’s that saying? “I work to feed the poor, they call me a saint. I ask why the poor have no food, they call me a communist.”

Many people I talk to, on all fronts, are frustrated. And many realize that it is the corporate structure, their power to manipulate policy, to move jobs overseas, encourage wars, and the massive deregulated profit taking and currency manipulation that is at the center core of this American milieu. Besides the fact that no one I talk to has make a thin dime or dollar on Wall St. But the thing I keep running into are differences on how to solve the problem without changing the system drastically. A hypothesis that can be presented is that there is much delusion and neurosis in this land. The idea that we can somehow keep the system we have and make it work for the masses of productive working people, is the delusion as repeatedly, the corrupt one party system consistently proves otherwise. The neurosis is contained within this same idea that is the crux of the delusion. Knowing that something needs to change drastically and on the other hand knowing (by experience or observation) that it is irrational and impossible within the corrupt fascist matrix that will not allow drastic change that is needed. This creates neurosis. The constant tension of this negative psychic entrapment, is energy that has to be released and is finally. Usually negatively in some way. But it could be positive and productive IF there were a real alternative to work toward. Democratic socialism.

Socialists are realists. They are objective creative intelligent humanitarians who know that this delusion and neurosis is not healthy and requires a clean break from the causation. Often I am scoffed at by others for this view. Where? Where would – could this happen? I think that if it’s possible anywhere it would be in a state that seceded from the nation. Vermont’s trying and testing the water. Though even then, there would be no consensus for a socialist form of citizen led, decentralized government. No, until the public is re-educated as to the true intent and purpose of democratic socialism and its platform, and can be persuaded that exploitation of man by man is unacceptable, they will forever bicker and fight among themselves, as children who fight for a place in the lunch line or over possessions. Seemingly without the skills to reassess, re-strategise, and break away from the malignancy present all around us. Socialism takes a deep commitment and concentration to assess the situation on the ground (objectivism) and rationalize, then actualize the alternatives that will then benefit the real producers of capital (us) and replace the owners of the means of production and pushers of propaganda. It’s time to consider socialism as the correct answer to our dilemma.

Eulogy for a Republican

Posted on January 24, 2008 by Eric Verlo

My pal John passed away this weekend. He succumbed to cancer after a 3-pack-a-day habit. He’d been an army officer, insurance agent and counter clerk at the West Side post office. It was in the latter incarnation that I knew John, but at one time he used to live in the same condo complex as I, and therein lies a tale I’d like to relate.

One of John’s coworkers told me about his memorial service, and teared up remembering the bagpipes. I asked if nice things had been spoken about John. She told me with John there had only been good. I asked like what, considering to many customers John could be very surly. Immediately she replied there was nothing he wouldn’t do for anyone. I’ll come back to that one in a mo. Otherwise she remembered fondly John’s wicked sense of humor and his co-workers chimed in about his mastery of rubber band war. As an example of the former, John delighted in applying hand lotion to door knobs and critical postal utensils and then leave his coworkers to the consequences.

The only cross words I ever received from John happened when news reached him of my antiwar activities. He told me that during the Vietnam War, protesters had spit on returning soldiers. Had anyone done that to him, he would have decked them, is what he felt the need to tell me. I didn’t complicate his account by pointing out that the infamous spitting event had been contrived to smear the antiwar movement. Not one soldier nor any protester has ever come forth to claim they witnessed the much derided event.

But I did have a bone to pick with John, but never took the chance. He was on vacation when I stormed into the post office to give him what for, and afterwards I reconciled myself to his opposite political view. It was the eve of the last election, the week before actually, when John through despicable dishonesty put a big wrench in State Representative Mike Merrifield’s reelection campaign.

Retired high school music teacher Mike Merrifield lived in our condo community, and owing to the disparate political orientations of the units’ multiple owners, a consensus had to be reached about what to do about election yard signs. It was not enough to agree that inhabitants could post whatever signs they wanted outside their abodes, what about those with units deeper in the complex with no exposure to passing traffic?

At first the sign posting was a free-for-all, with Republican signs adjacent those of Democrats, whomever’s sign was let be. But soon signs were being replaced by their opponent’s. I knew something was up when fresh lawn signs kept winding up in the dumpster. Finally the homeowners had to reach an agreement. Everybody was opinionated, but only Merrifield was a candidate, and he didn’t have frontage real estate. If the neighbors around the edges couldn’t see themselves permitting any Democratic Party signs without wearing Merrifield down by surreptitiously removing his, no lawn signs would be permitted. As president of the condo HOA, John our Post Office activist presided over an agreement to forbid all lawn signs.

No sooner was the decision made, that John promptly called some friends with a video camera. Actually it was a PR outfit that did work for the local Republican party. They set up a video camera across the street, a little ways down the block, to lay in wait. Then someone put out a Republican lawn sign where it was agreed there would be none.

Later that morning the camera captured Mrs. Merrified pulling up the opponent’s sign. The video footage was sent to the TV stations and Merrified was widely derided, even by his fellow Democrats. Merrifield and his wife answered the reporters who besieged their front step that the lawn signs had been a contentious issue, and that his wife had acted in accordance to the HOA decision not to allow any signs.

But when the reporters sought out the HOA president, John, to confirm the HOA policy, John calmly cleared up the issue: He told them he didn’t know what those incorrigible Merrifields were trying to pull, because there had been no such agreement.

Columbia Savings revisited

Posted on August 9, 2007 by Marie Walden

Two memorable things in my life were tied to Columbia Savings. The first was the explosion of the space shuttle Challenger. I was a recent college graduate working for a large international accounting firm, KPMG Peat Marwick. I remember sitting in a conference room, clad in a conservative business suit, already on hour 5 of an 18-hour workday. These were the days before the Internet; we still relied on the Big 3 to provide us with news. One of the higher ups came into the room, solemn look on his face, and turned on the television. The ten of us sat there and watched hope gone awry….seven lives gone due to an improperly sealed O-ring.

A few years later, the “Feds” came in and took the CEO, the CFO, and several others out of the building in handcuffs. It was a scary sight. These were our friends…our role models. What the hell? What was going on?

The S&L crisis changed the American way of life. Without an extensive legal or financial background, you may not understand how. But, trust me, rules were changed. I worked for the next several years with the Resolution Trust Corporation (RTC), the branch of the government created to ensure that we would all enjoy a safe financial future. They were a bunch of dumbshits who had absolutely no chance of being hired by Peat Marwick, or any other reputable company. Like so many, the government is a safe haven for idiots who crave authority.

Moving on. Despite the noble efforts of the RTC, the country is facing another financial crisis. As interest rates have gone down over the past several years, a new brand of leech has been unleashed on the unsuspecting public. The mortgage broker. We are in a housing crisis due to the prevalence of SUBPRIME loans. Let me explain. In the past, a family had to meet certain requirements in order to obtain a mortgage. They had to earn enough income, own assets, show that they would be able to meet ongoing financial obligations. Banks and S&Ls had strict underwriting requirements. They extended credit and collected interest in return. Borrowers had to be a PRIME candidates to qualify for a mortgage loan.

Today, the mortgage industry has gone wild. There are zillions of mortgage brokers who can find ANYONE a loan. They shop around for a third tier underwriter who is willing to lend the money. The broker receives a large commission. The underwriter receives an origination fee and various other payments. Neither care if you are in over your head. They will offer you an initial rate of 2 or 3% with adjustable rate mortgage (ARM), and convince you that rates won’t go up much. You can afford it. Buy that bigger house. Once the deal is inked, the lender simply takes the cruddy mortgage portfolio and sells it to the next prick in line, greedy for the soon-to-be usurious interest payments.

For the past two years, mortgage rates have increased. Over a trillion dollars of ARM loans are due to reset in the next 18 months. Homeowners’ adjustable payments have gone from $400/month to $600 to $1500. With no end in sight. Foreclosures are at an all time high. Too bad for the idiots, you say? Well, I would normally agree with you. But let’s hope that you don’t have a house to sell. As the banks divest themselves of the properties they’ve foreclosed on, real estate prices will be driven into the ground. The lenders will have to write off trillions of dollars of bad loans, likely rendering many of them insolvent. Huge investment funds tied to subprime loans will become worthless. Many Americans will lose their homes, their market investments, and their ability to obtain future credit. I’m predicting another bail out that will cost the taxpayers billions.

Meanwhile, my best friend saw the potential in the industry, despite the fact that she knew nothing about mortgage banking, and earned $18,000. Last month.

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