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New CCC – Didn’t Work Last Time Either.

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Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation’s roads, railways and runways that would cost at least $50 billion.

The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in hopes of jump-starting the economy ahead of the November election. Obama will outline the infrastructure proposal Monday at a Labor Day event in Milwaukee.

While the proposal calls for investments over six years, the White House said spending would be front-loaded with an initial $50 billion to help create jobs in the near future.

Funny how History rhymes when it is not repeating itself.  A “general” discussion on how the programs, edicts and Government measures did not work to pull the economy out of the Great Depression. A war was needed. Too bad we quit in Iraq and aren’t really at “war” in Afghanistan. More

Derry Brownfield: PESSIMIST OR REALIST

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By Derry Brownfield         
November 15, 2009

NewsWithViews.com          Tell a Friend 

For the past several years I have been referred to as a pessimist, a doom-and-gloomer, even unkind and trying to scare people. There are a few individuals in this nation who have read the warning signs and are better informed spokespersons than the general public, but many citizens are beginning to take notice and listening to what these realistic thinkers are saying. I certainly don’t claim to be a prophet or have any insight into the future. All I can do is study the facts, recall the past and try to determine what to expect in the future. For the past 30 years I have been studying economic history and what I have learned is totally different from what I was taught in the economics courses I took in 1949 and 1950 at the University of Missouri.

During 1982-83 I wrote an article each month for a rural electric publication. The following are the titles of a few of my manuscripts: THE QUESTION OF THE MONEY SUPPLY – WE NEED FAIR TRADE NOT FREE TRADE – WE CAN’T BUY FRIENDS – IT TAKES WORK TO CURE A RECESSION – A WORLD WITHOUT BUREAUCRATS – APATHY WEAKENS A NATION – FOREIGN LOANS PINCH BIG BANKS – DON’T TAKE FREEDOM FOR GRANTED. Nearly everything I wrote in 1982-83 came to pass, yet I was told by the editorial staff in 1983 that my articles were too controversial and my services were no longer needed. They thought I was pessimistic when I was trying to be realistic. More

The Economy Is A Lie, Too

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ICH4
By Paul Craig Roberts    September 21, 2009 “Information Clearing House 
  
Americans cannot get any truth out of their government about anything, the economy included.  Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.
 
The spin that masquerades as news is becoming more delusional. Consumer spending is 70% of the US economy.  It is the driving force, and it has been shut down.  Except for the super rich, there has been no growth in consumer incomes in the 21st century.  Statistician John Williams of shadowstats.com reports that real household income has never recovered its pre-2001 peak. 
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Economists’ Open Letter Calls For Active Response to Economic Crisis

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October 8, 2008

http://www.progressive-economics.ca/2008/10/07/open-letter/

Ottawa: Today, 85 economists released an Open Letter criticizing the federal government for its inaction in light of the deepening global financial crisis, the growing probability of a worldwide recession, and structural weaknesses in the Canadian economy. The letter challenges government claims that Canada¹s ³fundamentals² are strong, and highlights the significant deterioration in Canada¹s economic performance over the last two years. Despite recent government statements, there remains a wide disconnect between the appropriate policy response to the looming downturn, and the ³stay-the-course² approach still being enunciated by the Prime Minister.
 

 

http://www.progressive-economics.ca/2008/10/07/open-letter/

For further information or comment, please contact:

 

 

 

www.canadianactionparty.ca Telephone Connie Fogal at: 604 872 2128

A country held hostage – Resistance Grows to Banker’s Coup D’etat

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A country held hostage – Resistance Grows to Banker’s Coup D’etat


More than 100,000 letters sent through VoteNoBailout.org to Congress


New Free Web Button Available for VoteNoBailout

 

A VoteNoBailout
To-Do List:

1) Send a letter to Congress
2) Tell a friend about VoteNoBailout
3) Put
this button on your site or blog

 

A grassroots movement of resistance is sweeping the country. More than 100,000 people have used the VoteNoBailout.org website to send a letter to Congress telling them to vote “No” to the bailout legislation.

Tell all of your friends to send a letter to elected officials through VoteNoBailout.org.

The Bush administration and the richest bankers in the country, with support of some of the top leaders in Congress, have put a gun to our head: give us your money, or we will sink your economy. Yesterday, Ben Bernanke, Chairman of the Federal Reserve, threatened the Senate if they failed to pass the $700 billion plan, they would be responsible for causing recession, more joblessness, and pushing more homes into foreclosure.

The bailout package takes our money and gives it to the same bankers and executives who drove the economy into the ground. The pay for chief executives of large U.S. companies is now at 275 times that of the average worker’s salary in 2007. It was 25 times greater in 1965. The same bankers who will be given our hard-earned tax dollars refuse to support even the bailout of their own institutions if their obscene salaries are even slightly compromised. “We support the bill, but we are opposed to provisions on executive pay… It is not appropriate for government to be setting the salaries of executives,” said Scott Talbot, executive for Financial Services Roundtable, a group representing the bankers.

Below is a press release sent out by VoteNoBailout.org. Please send it to your local media and make sure they cover the growing resistance to the proposed bailout legislation.

 VoteNoBailout.org


100,000 letters sent to elected officials in 24 hours opposing bailout legislation

VoteNoBailout.org was launched on September 22, 2008, in response to the Bush Administration’s attempt to rush Bailout legislation through Congress.

In an astonishing response to its appeal, more than 100,000 letters were sent to elected officials within the first 24 hours through the VoteNoBailout.org email advocacy mechanism. People are circulating this appeal all over the internet on web sites, blogs and between individuals.

A sample of the VoteNoBailout.org letter reads:

“Congress has no right to give the White House and its Secretary of the Treasury the power to transfer the people’s money to the richest bankers in the country. Vote No to the Bailout legislation. The Bailout legislation is being rammed through Congress in a matter of days.

“This is an illegal power grab by the White House and their richest friends on Wall Street. The Legislation allows the Treasury Department to appoint the same bankers who created the crisis to administer and dictate the use of trillions of our tax dollars. It is also one of the biggest transfers of wealth from working families to the ultra-rich in the history of the United States.

“Congress should help families stay in their homes. Wealthy executives should be forced to disgorge their obscene profits, fees and bonuses that made them ultra-rich while they ran the economy into the ground.”

VoteNoBailout.org was initiated as a project of ImpeachBush.org. There will be daily updates for the media about the number of people who have sent letters to Congress opposing this unprecedented handover of the people’s money to the richest bankers and the assumptions of vast, new powers by the Executive Branch of government.

The Five Stages of Collapse by Dmitry Orlov

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economic-collapse.jpg

Having given a lot of thought to both the differences and the similarities between the two superpowers – the one that has collapsed already [Russia], and the one that is collapsing as I write this [U.S.] – I feel ready to attempt a bold conjecture, and define five stages of collapse, to serve as mental milestones as we gauge our own collapse-preparedness and see what can be done to improve it. (Dmitry Orlov)

To read the entire article, click here: http://cluborlov.blogspot.com/2008/02/five-stages-of-collapse.html

Barb

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