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Blog Home : November 2008 : 2008-11-03 to 2008-11-09
From the BARACKY guys:
Bush, Wall Street, and conservative policies caused the financial crisis. We provide the facts, debunk the myths and show who's to blame.
Paul Krugman
Last night wasn’t just a victory for tolerance; it wasn’t just a mandate for progressive change; it was also, I hope, the end of the monster years.
What I mean by that is that for the past 14 years America’s political life has been largely dominated by, well, monsters. Monsters like Tom DeLay, who suggested that the shootings at Columbine happened because schools teach students the theory of evolution. Monsters like Karl Rove, who declared that liberals wanted to offer “therapy and understanding” to terrorists. Monsters like Dick Cheney, who saw 9/11 as an opportunity to start torturing people.
And in our national discourse, we pretended that these monsters were reasonable, respectable people. To point out that the monsters were, in fact, monsters, was "shrill."
Four years ago it seemed as if the monsters would dominate American politics for a long time to come. But for now, at least, they’ve been banished to the wilderness.
This is pretty creepy. In a new 10 minute documentary video, Bruce Wilson examines, in the context of its heavily anti-Semitic undertone, the New Apostolic Reformation's recently launched program encouraging and equipping Christians to begin taking control of business and finance.
Sarah Palin's attacks on Barack Obama's patriotism provoked a spike in death threats against the future president, Secret Service agents revealed during the final weeks of the campaign.
Tim Shipman, telegraph.co.uk
The Republican vice presidential candidate attracted criticism for accusing Mr Obama of "palling around with terrorists", citing his association with the sixties radical William Ayers.
The attacks provoked a near lynch mob atmosphere at her rallies, with supporters yelling "terrorist" and "kill him" until the McCain campaign ordered her to tone down the rhetoric.
But it has now emerged that her demagogic tone may have unintentionally encouraged white supremacists to go even further.
The Secret Service warned the Obama family in mid October that they had seen a dramatic increase in the number of threats against the Democratic candidate, coinciding with Mrs Palin's attacks.
Michelle Obama, the future First Lady, was so upset that she turned to her friend and campaign adviser Valerie Jarrett and said: "Why would they try to make people hate us?".....
This is pretty interesting. From one of Al's books.
By Bob Willis, Bloomberg
President-elect Barack Obama will inherit the worst recession since Ronald Reagan’s second year in the White House, economists said as figures showed U.S. payrolls plunged by more than half a million the past two months.
The economy will shrink at a 3.5 percent annual rate in the fourth quarter and at a 2 percent pace in the first quarter of 2009, nearly twice prior estimates, Goldman Sachs Group Inc. economists led by Jan Hatzius wrote yesterday in a note. That would be the biggest back-to-back contraction since 1982.
The surge in unemployment reflected an economic cave-in in October, when car sales plunged 32 percent, manufacturing contracted the most in 26 years and consumer confidence fell to a record low
Paul Krugman, The New York Times
.......it would be fair for the new administration to point out how conservative ideology, the belief that greed is always good, helped create this crisis. What F.D.R. said in his second inaugural address - "We have always known that heedless self-interest was bad morals; we know now that it is bad economics" - has never rung truer.
And right now happens to be one of those times when the converse is also true, and good morals are good economics. Helping the neediest in a time of crisis, through expanded health and unemployment benefits, is the morally right thing to do; it's also a far more effective form of economic stimulus than cutting the capital gains tax. Providing aid to beleaguered state and local governments, so that they can sustain essential public services, is important for those who depend on those services; it's also a way to avoid job losses and limit the depth of the economy's slump.
So a serious progressive agenda - call it a new New Deal - isn't just economically possible, it's exactly what the economy needs.........
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