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Seriously? The bailout is postponed for Rosh Hashanah?
September 30

Seriously Congress and the Bush administration? This bailout was so urgent there wasn't time for a single committee hearing, or to let the public have time to find out the details of the bill, but then you stop for a holiday? It's not a matter of the holiday being a Jewish holiday or this Jewish holiday. If this was really so urgent as they tell us, they should have worked on Rosh Hashanah or Christmas or Independence Day or Arbor Day. I hated the initial proposal --- unlimited authority to the same administration who got us into this mess and has lied repeatedly about, well, everything, with nothing required of Wall Street except accepting free money. I could have warmed up to the bill voted down in the House yesterday if it had really had everything I had heard it had. Only after the vote did I have time to learn anything about the bill, and this is nuts. Details can be had here and here, but briefly, the oversight will be done by the treasury secretary, SEC chairman, and Federal Reserve chairman: in other words, oversight will be done by the same people who are being overseen! Executive compensation restrictions will apply only to new contracts for the next two years. All golden parachutes are still packed and ready for use!

Maybe something needs to be done. In fact, clearly something needs to be done. Credit needs to keep flowing somehow. But this? This is robbery. It actually isn't better than nothing. Just think for a moment and you'll probably have a better idea. Can't we just have some public hearings? A lot more time than this went into the relatively dinky Chrysler bailout back in the 1970's.

Is McCain cursed? Rick Davis in even deeper
September 23

So we just found out that not only did McCain's campaign manager take a massive amount of money from Fannie Mae and Freddie Mac to head an astroturf group (fake grassroots) to push deregulation, but Rick Davis's lobbying firm was getting $15,000 each month ---- yes, month --- from those same GSEs (government sponsored enterprises).

Is McCain cursed? It seems every time McCain makes one of his twisted attacks (a redundancy this year) on Obama, it bounces back. He goes after Obama's pastor and McCain has two nuts of his own. He goes after Obama's inexperience then his own VP turns out to be runner up from amateur night. He goes after Obama's naivete on Iraq, then the Iraqi government calls for Obama's policy to be implemented and even Bush moves that way. Now McCain attacks Obama for knowing someone connected to the former CEO of Fannie Mae, and his own campaign manager turns out to have taken a ton of money from the same CEO.

Next thing we know, McCain will accuse of Obama of dodging every question with a POW story.

Banking bailout as shock doctrine
September 21

Is this another application of the "shock doctrine"? I refer to this massive bailout of the financial industries, the proposal for which will now include bailing out foreign banks. It's a prime example, because Americans normally would never agree to bail out foreign banks who made stupid bets on American mortgages, even if we would bail out our own banks. However, with the rush for a bailout with the public being told the financial system is about to collapse taking the economy with it, they think we're so scared we'll agree to anything. Don't.

In fact, let's use this emergency and the bailout that conservatives want more than liberals do to demand some changes. Let's restore Glass-Steagal. Let's repeal the bankruptcy bill. Demand business interests get out of the way of the Employee Free Choice Act. Let's restore lifeline checking accounts to save the poor from predatory check cashing services and payday lenders. Let's restore usury laws. Let's demand an increase in funding for low income housing. Have a stimulus package in the form of infrastructure improvements. Ban mandatory private arbitration for consumer complaints. I'm sure there are more, and we won't get them all, but we can get enough Republicans to go along with some things, even as they complain this emergency should come with no restrictions on how Treasury uses this immense authority.

No, Republicans/conservatives/Blue Dog Democrats haven't supported these things before, but let's not lose sight of the fact that they want this bailout much more than liberals do.

"To initiate a war of aggression, therefore, is not only an international crime; it is the supreme international crime differing only from other war crimes in that it contains within itself the accumulated evil of the whole."
US Supreme Court Justice Robert Jackson, who successfully prosecuted Nazis at Nuremberg for the crime of aggressive war, thereby establishing the precedent that starting a war is, in and of itself, a war crime.

"A refusal to look back inevitably means moving forward in blindness."
Philip Alston, the U.N. special rapporteur on extrajudicial executions, on the resistance of the Obama administration to investigating human rights abuses by the Bush administration.

"Why is it that strong women are so often called bullies and ballbreakers, while strong, opinionated men are often called, simply, Justice Scalia."
Salon editor Joan Walsh, on the bigoted attacks on Sonia Sotomayor already on the day of her announcement.

"In Minnesota, Secretary of State Mark Ritchie has made military ballot protection a key priority of his Department. The result is that twice as many military ballots are actually cast, and half as many are rejected, as the national average in 2006."
The National Defense Committee, in an article on their web site praising Minnesota's efforts to encourage absentee voting by military personnel stationed overseas.

"We're seeing massive resistance to the cramdown proposal. That's a proposal to allow bankruptcy judges to reschedule a mortgage on a primary residence. They're fighting this thing tooth and nail. Now the fact is, the people fighting it are the last people who should get the ear of anyone. And it goes to show me they haven't really learned any lessons. A lot of these folks--large banks, Wall Street firms--they have the attitude that "Heads I win, tails you lose." No matter what happens, we always get ours."
Rep. Keith Ellison, on how the bailed out banks are fighting against bankruptcy reform.

''Scores of banks failed in the Great Depression as a result of unsound banking practices, and their failure only deepened the crisis,. Glass-Steagall was intended to protect our financial system by insulating commercial banking from other forms of risk. It was one of several stabilizers designed to keep a similar tragedy from recurring. Now Congress is about to repeal that economic stabilizer without putting any comparable safeguard in its place.''
The late --- and correct --- Paul Wellstone, expressing opposition to repealing the law that prevented financial corporations from entering other types of financial business, like preventing commercial banks from becoming investment banks. This repeal was a large part of making the (collapsing) conglomerates possible.

"The facts revealed reflect the way the U.S. government has consistently tried to cover up the truth of Binyam Mohamed's torture. He was being told he would never leave Guantánamo Bay unless he promised never to discuss his torture, and never sue either the Americans or the British to force disclosure of his mistreatment."
Reprieve Director Clive Stafford Smith, speaking about a British court's ruling that the Bush administration tried to get Mohamed to plead guilty to something, anything, and keep quiet about his treatment as a condition of release.

"We spend hours and hours and hours arguing over $10 million amendments on the floor of the Senate, but there has been no discussion about who has been receiving this $3 trillion."
Sen. Bernie Sanders. I-VT, on the mostly unreported spending by the Federal Reserve to prop up the big financial corporations.

"The AIG scandal is significant and has resonated so powerfully because it is a microscope that enables the public to see what and who has wreaked the destruction that threatens their security and future and, most important of all, to realize that these practices haven't ended and the perpetrators haven't been punished. The opposite is true: those who caused the crisis continue to exert control over what happens and continue to have huge amounts of public money transferred in order to enrich them."
Glenn Greenwald, explaining why the AIG bonus scandal is both symbolic and important.

"Why are we talking about this in the White House? History will not judge this kindly."
Attorney General John Ashcroft, during a principals meeting about torture methods.

"There was no scientific consensus in the 1970s that the Earth was headed into an imminent ice age.

A review of the literature suggests that, to the contrary, greenhouse warming even then dominated scientists' thinking about the most important forces shaping Earth's climate on human time scales." Thomas Peterson of the National Climatic Data Center, who surveyed scientific research from 1965-1979 and showed that contrary to what climate change deniers keep asserting, there was no consensus on global cooling. That means the point that climate scientists must be wrong now because they were wrong then is itself based on a false assumption.

"We do not know where George Will is getting his information, but our data shows that on February 15, 1979, global sea ice area was 16.79 million sq. km and on February 15, 2009, global sea ice area was 15.45 million sq. km. Therefore, global sea ice levels are 1.34 million sq. km less in February 2009 than in February 1979. This decrease in sea ice area is roughly equal to the area of Texas, California, and Oklahoma combined.

It is disturbing that the Washington Post would publish such information without first checking the facts."
statement on the web site of University of Illinois' Arctic Climate Research Center, responding to an assertion by global warming denier George Will that they said sea ice area is the same as 1979.

"It has often and confidently been asserted, that man's origin can never be known. But ignorance more frequently begets confidence than does knowledge: it is those who know little, and not those who know much, who so positively assert that this or that problem will never be solved by science."
Charles Darwin, whose 200th birthday is coming up on February 12.

"The thing I like most is it says you can get these complex traits evolving by a combination of unlikely events. That's just what creationists say can't happen."
evolutionary biologist Jerry Coyne, commenting on an experiment that was able to observe a mutation that changed one species into another.



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This letter has been read by the acting president and approved as within his definition of national security.