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Monday, February 9, 2009
Obama's Dangerous Bank Bailout........
Team Obama is wrestling internally over the bank bailout supposedly to be introduced next week. We naturally are on the edge of our seats. But let's understand something: The taxpayer already stands behind the banking system, and is on the hook for its losses in one sense or another. Moreover, that guarantee has become more and more explicit in recent months -- which is not an unmixed blessing, since such explicitness has tended to create new uncertainty among those stakeholders not specifically included in the safety net...Link
Now He's against Bailouts.............
President Barack Obama’s Republican rival for the White House last year hardened his opposition to the administration’s planned economic recovery package Sunday. “I think this can only be described as generational theft. What we are doing is amassing multi-trillions of dollars,” said Sen. John McCain (R-Ariz.), speaking on CBS’s “Face The Nation” with Bob Schieffer. Schieffer pressed McCain on whether he would support the bill considering economists from across the political spectrum have recommended a large stimulus package to rejuvenate the economy. But the Arizona senator said he could not, seeing the legislation not necessarily as a stimulus for the economy but rather as a vehicle for spending programs and policy prescriptions long desired by Democrats.....Link
Sunday, February 8, 2009
GOP senators 'caved in' on stimulus......
CAMBRIDGE, Massachusetts (CNN) -- Former presidential candidate Ron Paul criticized President Obama's economic recovery proposal but said Saturday that blame for the financial crisis is deep-seated and includes Republicans who failed to hold the line on spending during the Bush administration. He also offered a harsh critique of the three Republican senators who have said they will vote for the economic recovery proposal. A vote is scheduled for early next week. Paul, a Republican representative from Texas who sought the GOP nomination for president, said that although some people call Obama's plan to jumpstart the economy a "stimulus package," he thinks it is a "pure spending package."....LinkCheck out the Video.....Link
Jewish Rebels Rally Against Zionism..........
Judy Rebick has received death threats, been screamed at, and been labeled a “self-hating Jew” for her outspokenness on the Arab-Israeli conflict. But that hasn’t stopped her participation in any of the many Jewish-led and supported actions during Israel’s latest incursion into the impoverished Gaza Strip in Palestine. “For people who embrace a progressive Jewish vision, Israel is against everything we believe in,” Rebick said. “They’re violating the Jewish tradition of progressive struggle, and their claim of being a victim is wrong.” Rebick, who holds the Sam Gindin Chair in Social Justice and Democracy at Ryerson University and who founded rabble.ca, a progressive Canadian news website, was arrested along with seven other Jewish women after they occupied the Israeli consulate in Toronto Jan. 8 in an action against the Israeli bombing and invasion of the Gaza Strip, which killed more than 1,300 Palestinians and wounded at least 5,000...Link
Never Fear the Truth....................
The lies just trip off a bloke’s tongue: “Yes, you look gorgeous. No, your bum doesn’t look too big. Of course you haven’t put on weight.” Whether he’s being polite to save her feelings or fibbing for an easy life, there’s one inescapable truth. Marriages and relationships survive on white lies. As kids we are taught that honesty is the best policy but what happens if you tell the truth, the whole truth and nothing but the truth to your wife for a year?...Link
Alternative Jet Fuel: The Jatropha Plant?.......
An ugly, toxic, tough-skinned weed has made a bit of a splash in recent weeks as a renewable energy source that wields a unique distinction: a decent shot at commercial viability. Oil made from the seeds of the jatropha plant, native to Central America and used for centuries as a hedgerow, has helped to power test flights by Air New Zealand (AIZ.AX), Japan Airlines (9205.T), and Continental Airlines (CAL) in the past six weeks. The oil's ability to replace kerosene-based jet fuel has provoked cautious optimism among researchers aiming to speed the aviation world's transition from crude oil...Link
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