BREVITAS
Robert Reich - Geithner believes the only way to rescue the economy is to get the big banks to lend money again. But he's dead wrong. Most consumers cannot and do not want to borrow lots more money. They're still carrying too much debt as it is. Even if they refinance their homes - courtesy of the Fed flooding the market with so much money mortgage rates are dropping - consumers are still not going to borrow more. And until there's enough demand in the system, businesses aren't going to borrow much more to invest in new plant or machinery, either.
That's the big issue - the continued lack of enough demand in the economy. The current stimulus package is proving way too small relative to the shortfall between what consumers and businesses are buying and what the economy could produce at full capacity. (According to today's report from the Commerce Department, retail sales fell in March, as did prices paid to
Worse yet, the states are pulling in the opposite direction. States cannot run deficits, which means that as their revenues drop in this downturn they're cutting vital services and raising taxes to the tune of $350 billion over this year and next. This fiscal drag is wiping out about half of the current federal stimulus.
ORWELLANDIA
Ridelust - Police in
JUSTICE & FREEDOM
Holman W. Jenkins Jr, Wall Street Journal - Red-light running and speeding, the two main uses of traffic cameras, are implicated in fewer than 8% of accidents. A far more prevalent cause of non-drunken accidents is driver inattention -- one study estimated, in a typical case the driver's eyes are diverted from the road for a full three seconds or more, fidgeting with a cell phone, disciplining the kids in the back seat, snoozing, blotting up spilled coffee, etc. . . Where red-light running is a problem, the solution is usually a longer yellow -- at least three seconds is the recommended minimum for a 25-mph intersection. Drivers do not blast through red lights on purpose. Even the federal government encourages the use of engineering solutions before installing a red-light camera.
OBAMALAND
WHERE YOUR BAILOUT MONEY WENT
POST CONSTITUTIONAL AMERICA
NY Times - The National Security Agency intercepted private e-mail messages and phone calls of Americans in recent months on a scale that went beyond the broad legal limits established by Congress last year, according to government officials. Several intelligence officials, as well as lawyers briefed about the matter, said the N.S.A. had been engaged in 'over-collection' of domestic communications of Americans. They described the practice as significant and systemic, although one official said it was believed to be unintentional. . . The Justice Department, in response to inquiries from The New York Times, acknowledged in a statement Wednesday night that there had been problems with the N.S.A. surveillance operation but that they had been resolved.
Think Progress - The NSA tried to wiretap a member of Congress without a warrant, an intelligence official with direct knowledge of the matter said. The agency believed that the congressman, whose identity could not be determined, was in contact - as part of a Congressional delegation to the
The Council of Islamic Organizations of
Kyle Munzenrieder, Miami New Times - The measures taken to screen people at airports are getting a bit ridiculous. The government is already working on ways to determine whether you're a terrorist based on scent alone, but in the meantime, they can just take a look at a computer image of your naked body. They don't even take you to the airport bar and buy you drinks first. Larry Craig had more polite airport manners than this.
Last week, the New York Times' Joe Sharkey ran a column about the TSA's new full-body imaging machines currently in the testing phase at 19 airports across
WAR DEPARTMENT
Steven Rosenbaum, Daily Cardinal, WI - A campaign to keep National Guard members from being deployed in foreign wars kicked off in

2 Comments:
"Obama received more money from Wall Street in two years than Dodd did in a decade."
from:Goldman Sachs tries to shut down financial blogger
Interview of financial analyst Mike Morgan
http://www.globalresearch.ca/index.php?context=va&aid=13198
p.s. Obama is a complete fraud who will be impeached. The tipoff should have been a junior senator with no nat'l exposure raising the amount of campaign funds that he did.It's impossible for a virtual unknown to raise that kind of money without completely selling his ass.
Which is why I knew from the moment the first words came out of his mouth at the 2004 Dem convention that he was an oreo, bought and paid for.
Rall's cartoon today is very much to the point. It identifies a number of 'American heroes', and includes those who protest vicious criminality no matter who the perp is.
Too damned many 'liberals' and 'conservatives' are enablers who don't care about anything more than who's committing the crime. If it's their criminal, then as far as they're concerned it's not a crime.
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