Big Government to the Rescue

http://www.brh.net/lettre_zakaria.pdf

Below is an answer from the CEO of Central Bank in Haiti to Mr. Zakaria

http://www.brh.net/lettre_zakaria.pdf

I would like to know how many times Mr Fareed Sakaria has visited Haiti and Somalia to make such comments. A professional economist journalist does not just read some blogs or listen to rumour, s/he needs to go to the sources to ask for information, to research, to analyze. Mr Zakaria, I believe, has never put on foot in Haiti or Somalia. He needs to stick to what he knows to avoid being so stupid in his comparison.

C-SPAN THIRD PARTY DEBATE

http://www.c-spanarchives.org/library/includes/templates/library/flash_popup.php?pID=281952-1&clipStart=&clipStop=

C-SPAN THIRD PARTY VP DEBATED NOVEMBER 2

Obama's view of the future of America - Socialism which is the next step to Communism!! He admitted to Joe the Plumber than he wanted to spread the wealth! He said that he wanted to make everyone equal! Is America ready for Socialism? The Iranian president, Ahmadinejad, said today that he is glad to see the end to capitalism in America!! Are you glad?????
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Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.

The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."

Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.

Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.

Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.

Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.

It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.

Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luck­being in the right place at the right time or the wrong place at the wrong time? R. R. Pope}

In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that .
Elect Obama Biden 2008


Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that .
Elect Obama Biden 2008


Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?
Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
which means running the biggest smear campaign in history.
They think they can just tell you lies and you wont be smart enough to see through it
Let's teach him we are smarter than that .
Elect Obama Biden 2008


Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
http://www.youtube.com/watch?v=r36Xc0GG4iQ

Are you kidding me? Clearly, Mr. Zakaria who is generally an excellent writer on politics doesn't know the first thing about economics. This is how markets are supposed to work. When you take on extremely high risk financial instruments and bad debt in large portions, you are likely to get burnt. The government is NOT supposed to bail this sort of behavior out. It's this sort of blind faith writing on behalf of the media that got us into the Iraq mess. How come no one is asking the question, "700 billion dollars - where is that going to come from?"

Looking a lot like the Europeanization of America to us. See http://writingfrontier.com/2008/07/27/the-europeanization-of-america/

In a few weeks we will make a choice that will decide our future.
I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
is terrifying.He thinks it will be worse then the great depression.
The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

McCain just like Bush " doesn't understand the economy".
That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
If you do what you have always done then you will get what you have always got.
When it comes to policy Bush and McCain are the same 90 percent of the time.
So why are the polls even close then ?


The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.

He believes people will vote against their own interests.

Let's teach him we are smarter than that .

Hold them accountable NOW! while it will still help.

Elect Obama Biden 2008

Nader Statement on Bailout, Mcain/Obama Meeting With Bush

Bailout is Big Mistake. Crackdown on Corporate Crime. Protect Homeowners.

Ralph Nader and Matt Gonzalez vigorously oppose Bush's $700 billion taxpayer bailout of Wall Street.

"This is not just a bailout of Wall Street" says Nader, "It's a bailing out of the bankrupt Republican and Democratic policies that have led us to where we are today with Senators John "Deregulation" McCain and Joe "MBNA" Biden leading the way.

Full Statement from Ralph Nader:

Today at 4 p.m., Senators John McCain and Barack Obama will meet with other Congressional leaders and President Bush to join the stampede to bail out Wall Street with Main Street and Elm Street's money.

Unfortunately, their rhetorical flourishes to crackdown on Wall Street and protect Main Street will not be met with substance.

The bailout ignores the needs of millions of swindled families facing foreclosure, and it squanders an opportunity to bring about real regulatory change, shareholder power and taxpayer equity that would prevent economic crises like this from happening again. Wall Street's wildly overpaid bosses are addicted to speculative gambling with other people's money. When a drug addict is facing overdose, you don't give them more needles.

We need to protect homeowners and our neighborhoods first. That's why Nader/Gonzalez support introducing a law with a 5-year sunset clause that would provide homeowners facing foreclosure the right to rent to own their homes at fair market value.

Wall Street is out of control. We need to bring some sense of accountability, transparency, and law and order back to Wall Street's crooks and speculators, or they will desperately seek socialism to bail out their criminal corporate capitalism, going to the taxpayer trough in Washington DC each time. That's why Nader/Gonzalez support a Wall Street speculation tax, starting on derivatives, which would make Wall Street less like Las Vegas, and generate enough funds to eliminate the tax burden on the first $50,000 of income for every working American.

www.votenader.org

Vote Nader...www.votenader.org

I will vote against any elected representative who votes for this bailout without some of the following conditions:
1) 5 years jail time and a felony conviction for every executive and anyone founded criminally liable.
2) Executive retirement plan compensation made as a donation to the government.
3) Forgiveness of $5,000- 8,000.00 of credit card debit for every American.
4) Forgiveness of $5,000- 8,000.00 of student loans from Freddie Mac.
5) Expunge the records of anyyone who filed Chapter 11 due to excessive credit card debit in the pass 2-3 years.

None of the corporate Republicans or Democrats will fight for any of this. Ralph Nader is the only candidate who has argued for jail time for these executives. When you go to the polls in November remember these executives will get anyway with what they have done. No one bailed the thousands of Americans who have filed Chapter 11 due to credit card debits

*
SAVE AMERICA
OPEN DOORS
AMERICA IS A COUNTRY OF MIGRANTS
MIGRANTS WILL SAVE AMERICA
GIVE CITIZENSHIP FOR EVERYBODY WHO BUY A HOUSE BY CASH

SAVE AMERICA
OPEN DOORS
AMERICA IS A COUNTRY OF MIGRANTS
MIGRANTS WILL SAVE AMERICA
GIVE CITIZENSHIP FOR EVERYBODY WHO BUY A HOUSE BY CASH

I am normally impressed with Fareed Zakaria's intelligence, massive amounts of knowledge and reasonable, balanced outlook on foreign affairs and economic matters, but this article truly distresses me. That he can give accolades to Paulson who seems to have been sleeping while this storm brewed, and who has now laid out a very hasty, ill thought-out plan that specifically eliminates any oversight of said plan, is just bizarre. And that statement about government creating markets...I can only believe that someone else wrote this article and that it's being incorrectly attributed to Mr. Zakaria. This "crisis" is the natural result of a society that has become used to purchasing everything on credit, and while this may now be the norm, I don't see how anyone can view it as healthy, and certainly not sustainable. This bail out is like giving heroin to a junkie who's run out of dope so that he can avoid the pain of withdrawal. A bail out now will only prolong what seems to me to be a natural and even healthy (eventually) reckoning.

I am normally impressed with Fareed Zakaria's intelligence, massive amounts of knowledge and reasonable, balanced outlook on foreign affairs and economic matters, but this article truly distresses me. That he can give accolades to Paulson who seems to have been sleeping while this storm brewed, and who has now laid out a very hasty, ill thought-out plan that specifically eliminates any oversight of said plan, is just bizarre. And that statement about government creating markets...I can only believe that someone else wrote this article and that it's being incorrectly attributed to Mr. Zakaria. This "crisis" is the natural result of a society that has become used to purchasing everything on credit, and while this may now be the norm, I don't see how anyone can view it as healthy, and certainly not sustainable. This bail out is like giving heroin to a junkie who's run out of dope so that he can avoid the pain of withdrawal. A bail out now will only prolong what seems to me to be a natural and even healthy (eventually) reckoning.

I am normally impressed with Fareed Zakaria's intelligence, massive amounts of knowledge and reasonable, balanced outlook on foreign affairs and economic matters, but this article truly distresses me. That he can give accolades to Paulson who seems to have been sleeping while this storm brewed, and who has now laid out a very hasty, ill thought-out plan that specifically eliminates any oversight of said plan, is just bizarre. And that statement about government creating markets...I can only believe that someone else wrote this article and that it's being incorrectly attributed to Mr. Zakaria. This "crisis" is the natural result of a society that has become used to purchasing everything on credit, and while this may now be the norm, I don't see how anyone can view it as healthy, and certainly not sustainable. This bail out is like giving heroin to a junkie who's run out of dope so that he can avoid the pain of withdrawal. A bail out now will only prolong what seems to me to be a natural and even healthy (eventually) reckoning.