As I said below, "Bread and circuses" people, bread and circuses...Predictably, the Democratic Leadership caved on everything. Fuck the people on food stamps or unemployment...
Get ye some edjimencation...
"America: Host or Parasite?"
Interview with economist, Dr. Michael Hudson. Dr. Hudson is President of The Institute for the Study of Long-Term Economic Trend, a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of "Super-Imperialism: The Economic Strategy of American Empire". We discuss the US balance of payments trade deficit which creates US credit to finance the US national debt and war abroad; Russian economic shock therapy as the final stage of the cold war; the real estate bubble; permanent war and the inevitable collapse of the current US dominated global economic system.
SUPER-IMPERIALISM: The Shameful Legacy Of Liberal Democrats
Professor Michael Hudson, an independent Wall St. financial economist, has written an extraordinary book entitled Super Imperialism: The Origins and Fundamentals Of U.S. World Dominance I first heard of Michael Hudson when browsing Bonnie Faulkner’s “Guns And Butter” website, and as I listened to him, I knew that I needed to read Super Imperialism for many reasons, not the least of which is that I am not an economist and am only beginning to educate myself on how the money works in the domestic and world economies. For this reason, I have been reluctant to write a review of Hudson’s book; I am still learning, as are many of my readers, about dysfunctional and oppressive economic systems and how they work, as well as learning about how a healthy economy might function to meet the needs of its citizenry without harming them or the ecosystem. That said, as an historian, I believe that in order to fully appreciate the current tyranny of centralized financial systems, it is necessary to understand how they evolved within the past six decades.
In the current milieu of blatant neo-conservative world domination rhetoric and behavior, it is oh so tempting to believe that the Republican Party and political conservatism have been historically at the forefront of an imperialist foreign policy. What is crucial to understand is that from an historical perspective, the economic imperialism engineered by the United States was overwhelmingly the brain child of the liberal wing of the Democratic Party.
For those so inclined, head on over to michael-hudson.com; be sure to read his first link under "Interviews" section. (Debtor Nation - The Hijacking of America's Economy. from Acres, Jan. '08)
Meanwhile, Speaker Botox Buys $16K Worth of Flowers
House Speaker Nancy Pelosi has spent $16,000 on flowers since taking office.
Pelosi (D-CA) spent a little more than $3 million in the first nine months of 2007, records show, compared to the $1.8 million Rep. Dennis Hastert (R-IL) spent during the same period in 2006.
Republicans say Pelosi’s office spending undercuts her message that Democrats are restoring fiscal responsibility to the halls of Congress.
Most of the $16,058 that Pelosi charged taxpayers for flowers, according to her reps, was for the visits of foreign dignitaries, such as Israeli Prime Minister Ehud Olmert, French President Nicolas Sarkozy and Jordan’s King Abdullah.
not to mention, Madame, 'Queen of Capitol Hill's' "Green the Capitol" initiative...
Let em' [you know, the little people...] eat
Someone over at DU asks, "how do you NOT extend unemployment benefits in a recession"???
To which there is this reply:
Maybe Nancy needed that money for the raise Congress just recently granted itself.Congress gets $4,100 pay raise.
WASHINGTON (AP) — Congress members in 2008 will receive salaries of $169,300, a boost of $4,100 over the salary they have had since January 2006.
That 2.5% increase is mirrored by similar raises for associate justices of the Supreme Court, who will see their pay go from $203,000 to $208,100, and Chief Justice John Roberts, whose pay will rise to $217,400 from $212,100.
The salary figures were published in Tuesday's edition of the Federal Register.
Last year was the first since 1999, when the pay was $136,700, that members of Congress did not receive a cost-of-living allowance raise along with other federal employees. Democrats, newly elected to the majority, had vowed to block an increase in their paychecks until Congress raised the minimum wage.
With the minimum wage increase accomplished last year, House Democratic leaders joined with their Republican counterparts to oppose a procedural vote to bring the COLA issue to the floor, leaving the way clear for their automatic raise.