Sunday, August 03, 2008

How to Perform a Citizen's Arrest on a Bush Capo

From Nathan Robinson, Huff Post

The news that 4 people had been arrested in Iowa while trying to perform a citizen's arrest on Karl Rove got me wondering: Can we arrest Bush administration officials ourselves? So I slogged through a slew of state statutes, and as it turns out, the answer is yes. But only if you live in certain particular states.

Citizen's arrests have a long, rich tradition dating back hundreds of years. Because the power of ordinary people to help law enforcement execute its duties is important, nearly every state has some sort of statute on the books permitting citizen detentions of suspected criminals.
However, while most states allow citizen's arrests, the majority require the presence of the citizen performing the arrest during the crime. A number of states have more flexible language in their laws, though. The California Penal Code, for example says the following:

837. A private person may arrest another:
1. For a public offense committed or attempted in his presence.
2. When the person arrested has committed a felony, although not
in his presence.
3. When a felony has been in fact committed, and he has reasonable cause for believing the person arrested to have committed it.

Alabama and Kentucky have similar wordings. Montana phrases things thusly:
A private person may arrest another when there is probable cause to believe that the person is committing or has committed an offense and the existing circumstances require the person's immediate arrest.

The dispute here will likely arise over the definition of the words "require the person's immediate arrest." I'd argue that if anyone needed to be immediately arrested, it's Karl Rove, but a Montana judge might disagree. And one of the main downsides to citizen's arrests is that if you're in the wrong, you have almost no legal protection (and depending on state law, may have committed a crime tantamount to kidnapping).

Don't let that deter you, though! If there are reasonable grounds to suspect a felony has been committed by the person arrested, then a citizen's arrest is perfectly legally justified. Just don't go and arrest the man behind the counter at the sandwich shop who gave you the wrong change.
What the four Iowans did is courageous, and is exactly how we should use the citizen arrest power. A citizen's arrest is a peaceful, lawful, old-fashioned, and charmingly Midwestern way to hold government criminals accountable. I suggest that we start a nationwide movement. We will turn any suspected government criminals over to the police. Just wait until a Bush administration official shows up in your town.

Figure out whether they can reasonably be considered guilty of a felony. Check the US Code to see who's guilty of what, and then perform a citizen's arrest.
Rove, for example, could likely be detained on suspicion of obstruction of justice, having violated Title 1, Section 18, Chapter 73, S. 1505:

Whoever corruptly... obstructs, or impedes or endeavors to influence [or] obstruct...the due and proper exercise of the power of inquiry under which any inquiry or investigation is being had by either House, or any committee of either House or any joint committee of the Congress...[s]hall be fined under this title, imprisoned not more than 5 years or, if the offense involves international or domestic terrorism...imprisoned not more than 8 years, or both.

I would think that one's fairly cut-and-dry. I'm not a lawyer, however, and I don't know whether this would interfere with, or be superseded by, the pending contempt of Congress citation. Still, I think it gives plenty of "reasonable suspicion," and if Rove is in California, that's all you need. You might pick up Miers or Bolton as well with that statute.

It doesn't take much perusing of the U.S. Code to find violations that administration officials are surely guilty of (the Elections and Political Activities section is one particular goldmine), and if you live in a state with lax state laws regarding citizen's arrests, detaining these people is perfectly within your right. It's just important to follow a few key steps.

1. Check your state laws first. This can be done by entering the name of your state and "statutes" into a search engine. An official online copy of existing state law will usually be the first result. The process for citizen's arrests will usually be located in the section under Crimes > Criminal Procedures > Arrests > Arrests by Private Persons, or something similar. Sometimes statutes are incredibly confusing to navigate through, but there will often be a search function somewhere on the page.

2. Check to make sure the particular person in question can be suspected of committing a felony (make sure it's a felony, though this depends on state law also).

3. Detain the person, without using physical force of any sort. Announce that you are performing a citizen's arrest, and cite the crime they are suspected of.

4. Call the police. Make sure you know the relevant citizen's arrest statute number and the U.S. Code number. You don't want to be the one being arrested.

5. This is risky, and all depends on your state. Make sure you're on solid legal ground first. It is best to consult a lawyer. WikiHow has an informative article on citizen's arrests in general.

We really ought to be inspired by the 4 courageous Iowans who dared to try to hold Rove accountable for his crimes. Government officials, no matter how high-ranking, should be prevented from even walking the street without fear of arrest, if they are guilty of a crime. Whether or not justice is done should not depend on how politically influential the accused is. If the Justice Department will not do its job, then let citizens uphold the law. Citizen's arrests are a powerful yet peaceful way to show the strength and defiance of the American people.

http://www.huffingtonpost.com/nathan-robinson/how-to-perform-a-citizens_b_115163.html

Capitalism in Crisis: More Socialism for the Lending Industry

Here are two related articles regarding the further collapse of the corporate capitalism economic model. These go far in giving a clear glimpse of the systemic errors inherent in capitalism in its ruthless corporate/fascist phase, errors which are exploited for obscene capital gains and which actually cause the phenomenon called a "bubble".

The first story focuses on voluntary foreclosures, or walk-away's, which happen with increasing frequency of late. People who've suddenly found themselves with a great deal of negative equity are electing to take the credit hit in order to save their financial situation in the long run.

The second talks about the Housing Bill and who will benefit most by its quick passage (hint: It's not debt-saddled consumers!). It also details the coming danger to public and private pension funds.



America's house price time bomb
By Michael Robinson
BBC World Service
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/7529277.stm

With the American housing market in its worst crisis since the Great Depression of the 1930s, President Bush is authorising new legislation to pave the way for massive new government intervention designed to slow the slide.

The intervention would come as a little known quirk of US law threatens to drive down house prices even faster.

Faced with seemingly never-ending falls in the value of their properties, some American home-owners are taking radical action; they are choosing to walk away from homes and their mortgages.

In May 2006, at the height of the housing boom, Karen Trainer bought a $500,000 apartment in California - with money borrowed from her bank.

By this year, Karen still owed $500,000 on her mortgage, but her apartment was worth $200,000 less.

So she was deep in negative equity and, to make matters worse, the interest rate on her loan was about to increase.

"I thought 'this is crazy'," Ms Trainer says. "It just does not make financial sense."

Take the hit


Is the bank going to pay for my retirement because I was a good girl and paid my mortgage
Karen Trainer

As a successful professional, Karen could comfortably have managed the higher mortgage payments her bank demanded.

Instead, she decided to stop her mortgage payments altogether and let her bank repossess her apartment.

Her credit record will be badly damaged by the decision, but Ms Trainer expects this to recover soon.

"Generally speaking, within 5 years you are about back where you were, so my husband and I decided we'll take the hit and live with it."

Over to the bank

In California and much of the rest of America, there is a powerful incentive for homeowners such as Ms Trainer to walk away from their mortgage obligations.

Michael Robinson's two-part series "The Trouble with Money" is broadcast on 30 July and 6 August on BBC World Service. You can hear the programmes online by going to:

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/7529277.stm


The Next Big Bail-Out
By Michael Hudson
http://www.counterpunch.org/hudson07312008.html

The great economic fight of our epoch is being waged by the FIRE sector – Finance, Insurance and Real Estate – against the industrial economy and consumers. Its objective is to maximize property prices and the volume of debt relative to what labor and industry are able to earn.

Rising debts and real estate prices go together, because asset prices depend on how much banks will lend. For creditors, the dream is to obtain an ultimate backup at public expense: government insurance that they will not lose when debtors are unable to pay. The political problem is how to get the government to insure and protect bankers rather than debtors, given that debtors are much more numerous when it comes to the voting booth. In such cases campaign contributions are the balancing factor. Governments are “privatized” and “financialized,” that is, turned from democracies into oligarchies. The banking system aims to make sure that the only losers are the customers it is supposed to serve: debtors, homeowners and employees of companies being “financialized” as the economy is de-industrialized. Indeed, financialization and de-industrialization are becoming almost synonymous. The trick is to get voters to think they are getting rich while actually they are being painted into a debt corner, along with their employers, local government and the federal government too.

For a while the bad-debt overhead can be bailed out by creating yet more debt, backed by public guarantees in what even the Wall Street Journal acknowledges is “socialism for the rich,” that is, privatizing the profit and socializing the losses. But when has government been anything else, for thousands of years before anyone coined the term “socialism”? The so-called July 30 “housing bill” supports the price of mortgages that are the major asset base of most banks and other financial institutions today. What ultimately supports the price of these mortgage packages is the price of the real estate pledged as collateral. And despite Mr. Greenspan’s celebration of soaring housing prices as “wealth creation,” it really was debt creation. As housing prices plunge, the debts remain in place.

The question is, whose balance sheets are to plunge into negative equity territory – those of indebted homeowners, or those of banks that have made the bad loans and the financial institutions (largely pension funds, I’m sorry to say) that have bought “toxic mortgages”?

Read the entire article

Satire Break from The Onion.com

Friday, August 01, 2008

Against Bike Lanes

I wish I'd written this essay, it being a beautiful refutation of the need for bike lanes, or rather the mindset that leads us to believe in said need. Its poetic reasoning can be applied to much in the municipal milieu. To borrow a bit of prose from the piece, now is the hour of gentle wickedness and love.--Pete (we are not blocking traffic, we are traffic!)

By David Ker Thomson
Dufferin Grove watershed, Toronto
http://www.counterpunch.org/thomson07302008.html

In the principal city of my adopted country—a northern land famous for accepting runaway slaves and the artful dodgers of various drafts (what else were we doing here, after all?)—I was meandering along on the sidewalk enjoying the evening sun. There was an American car across the sidewalk—the cars here are unselfconsciously American—and a young man with a Tree Hugger t-shirt emerged.

“You should be in the bike lane,” he told me.

I looked from the car with its American logo to the lad with the green logo, but said nothing, suspecting irony. The car was blocking the bike lane.

“I’m just loading some stuff,” he said. “I won’t be long.” It was near sunset. I scanned the area for more irony, but detected none. It seemed safe to proceed.

I permitted myself a final arched eyebrow at the car/tree juxtaposition, but as I squeezed my bike past the car I had to admit to myself that it was even worse than the young man had thought. Even if he hadn’t been blocking the bike lane, I might not have used it.

I’ve noticed that there are two kinds of users of these spillways, the kind who pretend that they aren’t perfectly positioned for parked cars to swing doors into, and those who don’t. The non-pretenders are fewer in number, but as they inch across the city, they imagine a thousand deaths, and so move from disaster to disaster and become, with such a hesitant manner, something of a traffic hazard themselves. It’s hard not to compare the confident ones and the whimpy ones to the righteous and the wicked in the book of Proverbs. “The wicked flee when no man pursueth,” says the good book, “but the righteous are bold as a lion.”

Of this select group of wicked ones I count myself a member. We slouch awkwardly through the city, looking for love in all the wrong places—in the street till we can bear no longer the thought of our own deaths, on the sidewalk till we can brook no longer the muttering and looks of contempt. We lurk in alleys, park our bikes too far from our destinations and walk the rest of the way. Free at last from the shackles of our bicycles, we come out onto the sidewalks of the boulevards and admire the righteous, their prim clusterings at red lights even when there is no cross traffic, their gallantry and confidence in the bike lanes reminiscent of the Charge of the Light Brigade or something equally valiant, their willingness to imagine bike lanes even when the lanes fade in and out, as they do every few blocks, their swank little bells like the ones on children’s tricycles, which they deploy to let the cement trucks know that they, like the cement truckers, are legal and bold and righteous. This is a city that used to be called “The Good.” Goodness is still rife.

My first time in the city, arriving from smokier and badder lands abroad, a whiff of brimstone lingering about me, I saw a quiet tableau of seven righteous bikers stopping two lanes over from a streetcar as a passenger boarded, and the righteous looked neither to the left, nor to the right, but held firm in their resolve, and I knew I was among the pure in spirit, and I fell onto my knees. That time it was because I had tripped on a pigeon while craning my neck to look at the bikers, but truly the air of sanctity is a marvel, and there is so little discord between the righteous bikers and the people in the American cars you’d almost think that they were the best of friends. And indeed when I talk to the righteous they assure me that they are working for a common good, and I understand that they hope soon—in 2013, I think—to be rewarded for their excellent behavior by being given still more bike lanes in which to express their gallantry.

It’s such a chummy vision of politicians and citizens in unison that it seems ungenerous to point out that bike lanes, like their disastrous parent democracy, are a form of institutionalized anarchy. Democracy was founded in, and flourishes amongst, slave-holding societies. Here’s how to be a democratist today: take an American car, give your soul away in Faustian bargains to American military adventures and backroom corporate deals to get it, fill it (the soul, the car) with gas obtained from other implicit concessions to the American Sixth Fleet in a process called “being a close friend and ally” (exchange a “good” war in Afghanistan for a bad one in Iraq), drive to get food which has been delivered to the store in a truck which parks in the bike lane, spew cancerous fumes on the children on the way, flatten a squirrel or two to let the children know they shouldn’t play hockey in the street, park your car, open your door into the bike lane and don’t check your mirror. If anything goes wrong you can be shocked—shocked—at the bicyclist who comes out of “nowhere.”

This nowhere, where does it begin? Is this not a nowhere, now here, of our own devising?

The China-helmeted democratist righteous biker, fresh from nowhere, glued to the inside of an American car door. Can you think of a better icon of democracy in action? A wash-and-wear action figure to accessorize your basic Detroit box.

In nowhere, a place too depleted to have a capital ‘n’, live the laborers who make our clothes and the gimcracks and gewgaws we got so cheaply at Walmart. We cannot pay them properly now, but if they are good, we will give them democracy, starting in China. Then they can be like us, righteous, and bold enough to send their anarchy elsewhere. And they can have righteous cities like ours, where if everyone stays in his or her proper place, one day almost two percent of the open spaces will be for people and the space for cars will drop from 99% to 98. Perhaps even then people won’t know what those two long thin things that hang from our buttocks are for, but we will know how to vote, and how to send someone waddling off to the capitol to do stuff for us, and then we can continue not having to do it ourselves.

Each generation of democratists threatens the next with the folly of not doing their bit, as if this having done a bit to bring slightly less ruinous politicians, and therefore ratifying the ruinous system itself, were not the greatest of follies.

Time long past for the gentle wicked. Leave anarchy and radicalism for the anarchist radicals in Washington. This is my neighborhood, my shit to take care of. Now is the hour of gentle wickedness and love, slow bikes on sidewalks, pedestrians stalled in X-walks to admire birds, more and bigger potholes, potholes big enough for trees, children sprung from daycare playing in the street. Time to admit how many “pedestrians” are actually drivers getting to their cars. The delivery trucks and the cars can’t take back the bike lanes, because they already own them, both physically and spiritually. Let the bikerighteous and the cementers have as many bike lanes as they want. Perhaps today we’ll pick up litter in the parks and place it in its appropriate receptacle, the lair of the righteous.

Drivers love bike lanes, because such official marginalia acknowledges the right of drivers to dominate the city. We acknowledge no such right. We are the wicked, and there is a wicked heart in each of us who has hungered to walk simply beneath the cope of heaven.

One day this, one day that. That’s bike lane talk. But in the real city, there is no “one day,” only the now, this moment. And in this moment the city is already ours. Democratists interlope, Detroitist detritus comes and goes, but we are here right now. Sun’s coming up in the city. What kind of day is it going to be?

David Ker Thomson (Ph.D. Princeton) is in the Centre for Comparative Literature at the University of Toronto, where he teaches graduate courses on cities and ethics. He is finishing a book on traveling in England with his family entitled, View from a Kettle.


Wednesday, July 30, 2008

House Committee Holds Rove in Contempt!

http://www.alternet.org/blogs/video/93312/

The campaign to Send Karl Rove to Jail just won a major victory this morning The House Judiciary Committee voted to hold Rove in contempt by a 20-14 vote, and it was your efforts that made this a reality!

Just 12 days ago, we were pointing out Rove's arrogance and blatant disregard for the law when we launched our video and petition drive. But in the last week-and-a-half, you raised over 127,000 signatures, 40,000 of which came within the first 24 hours.

This fervor attracted other progressive groups to our cause, including CREDO Mobile, Citizens for Responsibility and Ethics in Washington, The Nation, Campaign for America's Future, Progress Now, and People for the American Way. And each organization helped gather more signatures for our list—CREDO Mobile and PFAW added tens of thousands of names alone.

The petition drive culminated yesterday, when I headed down to DC in the blistering heat to hand-deliver three boxes worth of signatures to Capitol Hill. Together with Drew Courtney of PFAW and Isaiah Poole of CAF, we took our message to HJC member Linda Sanchez (D-CA), crowding into Sanchez's Longworth House office surrounded by press and congressional staffers.

Sanchez, who has been a true leader in the fight to hold Rove in contempt, was visibly impressed by the sheer number of signatures. "I think it's ridiculous that Karl Rove thinks that he doesn't have to follow the law," Sanchez told me. "And nobody in this country should be above the law." Judging from today's HJC ruling, Sanchez was as good as her word.

Just think of what today's decision today will mean. Until now, Rove's been lying and avoiding questions about his involvement in leaking Valerie Plame's identity, the politicization of the Justice Department, and the prosecution of former Alabama Gov. Don Siegelman. Just look at his written denials to ranking HJC member Lamar Smith (R-TX), when he refrained from denying that he spoke to longtime confidant Bill Canary, who links Rove to the Siegelman prosecution. Rove has also claimed immunity and touted executive privilege, which doesn't apply in this case.

Now that the decision to hold Rove in contempt will move from the HJC to the full House, however, Rove could be forced to testify under oath or face jail time. That's where you come in. Keep pressuring your elected officials to hold lawbreakers like Rove accountable. Keep contributing to Brave New Films so we can remain ever vigilant in this battle. And keep signing and passing along those petitions, because they obviously can make an impact.

ZP Heller is the editorial director of Brave New Films. He has written for The American Prospect, AlterNet, The Philadelphia Inquirer, and The Huffington Post, covering everything from politics to pop culture.

© 2008 Brave New Films All rights reserved.
View this story online at: http://www.alternet.org/bloggers/http://bravenewfilms.org/93312/

I met the Walrus

This is an amazing video and interview for so many reasons, the first being that a 14-year-old young man had the balls to talk his way into John Lennon's hotel room and ask for an interview, the second being that John agreed. What transpires puts to rest all the blather about Lennon's opportunism regarding the peace movement, since it's obvious that he's done quite a bit of soul-searching and had put a lot of thought into the subject.

John Lennon is dead...long live John Lennon.

Peace be with you.--Pete


Monday, July 28, 2008

Obits For Opposites

By Saul Landau
http://www.zcommunications.org/zspace/commentaries/3567

In 1977, James Abourezk (D-SD) had just returned from Cuba. He and his fellow South Dakota Solon, George McGovern, had sought to use basketball diplomacy. The University of South Dakota's team played Cuba's national team. President Carter had supported the effort since it coincided with his own initiative to gradually restore relations with Cuba. Senator Jesse Helms (R-NC) tried to stop this process.

On the Senate floor, beside the presiding officer's desk, Abourezk beseeched Helms to lighten up. "You ought go and see for yourself what's going on down there," Abourezk said.

"You oughta go to Chile and see what's going on down there," Helms replied. His reference reminded Abourezk of a conversation he'd had recently with Helms' soul mate, Senator James Eastland (R-MS).

"I told Pinochet he oughta hang all the Communists and put the socialists in jail," Eastland smirked. "And Pinochet told me 'that's exactly what I'm doing.'"

"Helms was a mean son of a bitch," Abourezk offered as his obituary comment. "The Senate was a lot more collegial before he arrived."

Helms was the quintessential Cold War, bible-thumping Senator and his conversation with Abourezk was so Twentieth Century. In case anyone failed to grasp his sentiment on Cuba, in the mid 1990s Helms sponsored the Helms-Burton Bill tightening and codifying the embargo. "Let me be clear," Helms pronounced. "Whether Castro leaves Cuba in a vertical or horizontal position is up to him and the Cuban people. But he must -- and will -- leave Cuba."

Helms assumed horizontal posture before Castro, who remains in Cuba. But Helms' decades of public and private utterances did demonstrate George Carlin's insight: "Bullshit is the glue that binds this nation."

Carlin (71) and Helms (86) -- polar opposites of U.S. culture -- died within weeks of each other. Carlin taught critical thinking through stand-up comedy. Helms represented unquestioned authority -- of the past. Lest anyone think Helms was always dour and serious about his love for all things reactionary, those who knew him told stories of his inventive sense of humor. This included the "good old boys" sense of humor.

In 1993, shortly after he made an impassioned speech about the virtues of flying the Confederate flag, Helms shared the Senate elevator with then Senator Carol Moseley Braun (D-IL) and his buddy and still Senator, Orrin Hatch (R.-Utah).

"Watch me make her cry. I'm going to make her cry," he chortled to the ever agreeable -- to reaction -- Hatch. "I'm going to sing Dixie until she cries." He then sang it. Moseley Braun retorted, "Just the sound of you singing is enough to make me cry." (Time, 8/16/93)

Helms built his right wing reputation on combining hatred for communism with contempt for integration. In 1983, Helms attacked the bill establishing Martin Luther King Day. King, he charged, had close communist advisers (he actually named two of them) and he was well known for his promiscuity.

The die hard Dixiecrats understood Helms' illusions and had not forgotten that twenty years before during the early civil rights protests, Helms, then a radio and TV commentator, had declared that "The Negro cannot count forever on the kind of restraint that's thus far left him free to clog the streets, disrupt traffic, and interfere with other men's rights." (WRAL-TV commentary, 1963)

Helms' combined his pet hates into another "joke," by referring to the reputedly liberal University of North Carolina (UNC) as the "University of Negroes and Communists." (Charleston Gazette, 9/15/95)

He included the Hispanic population in his colored-based aesthetics. "All Latins are volatile people," Helms declared on a less than totally friendly visit to Mexico in 1986. "Hence, I was not surprised at the volatile reaction."

Helms combined acidity for people of less than white hue and those of the liberal persuasion with a sense of nostalgia for the banalities of his youth. In a 1956 newspaper column he wrote: "I shall always remember the shady streets, the quiet Sundays, the cotton wagons, the Fourth of July parades, the New Year's Eve firecrackers. I shall never forget the stream of school kids marching uptown to place flowers on the Courthouse Square monument on Confederate Memorial Day."

Helms, a close ally of right wing Christian preachers, accused gays and lesbians for causing "the proliferation of AIDS." He sneered that "there's nothing gay about them." In 1993, Clinton appointed Roberta Achtenberg Assistant Secretary for Housing and Urban Development (HUD). Helms called her unqualified and tried to block her confirmation "because she's a damn lesbian."

Why did he get so vitriolic? Was Helms, like so many of his political ilk, really a closet queen? In 1974, a Helms staffer ushered me past some blue haired ladies into a room full of aides, a couple of them straight and others down-right flamers. Imagine my surprise when Helms claimed that the "New York Times and The Washington Post are both infested with homosexuals. Just about every person down there is a homosexual or lesbian."

As part of his anti-gay, anti-black and all other colors, anti-liberal and pro gun credo, Helms also belonged to the "Proud to be an American" club, the association of people whose bumpers bear the sticker: "Proud To Be an American."

I never shared that sentiment; nor pride in being Jewish or coming from New York. George Carlin analyzed such statements of pride as bullshit. "Pride should be reserved for your achievements, not accidents of birth like being American or Irish or Italian."

God Bless America, repeated Helms and thousands of other politicians. "Is that a request, a demand or a suggestion," asked Carlin? "Imagine, God singles out one country for his blessings because -- well you go figure."

Carlin mocked the religious pap that Helms and the vast Christian fundamentalist right wing accept as God given. "Religion even requires people to swear on the Bible when they testify in court," explained Carlin. "Why should swearing to God on the Bible mean you're telling the truth? As kids, every time we wanted to disguise a whopping lie, we'd say 'I swear on the Bible' or I swear on my mother's tits.' Swearing on the Bible never induced a cop to tell the truth on the witness stand. They lie routinely when they take the stand just to insure a conviction. The Bible is America's favorite theatrical prop."

Indeed, Carlin questioned everything, analyzed words, and splintered customs with knife-like logic. "You go to a baseball, football or basketball game and they begin with the Star Spangled banner. And all the men -- not the women -- have to remove their hats. What's the relationship between a hat and patriotism? Why not take off your pants to show you love this country?"

Helms would have thrown Carlin in jail for using "dirty words." How can a word be dirty, asked the late Lenny Bruce? "You take a word and rub dirt on it?" Carlin enjoyed playing with words and phrases that you can't say on television. "You can prick your finger, but you can't finger your..."

For Helms, such language insulted God. For Carlin, "using God is the last refuge of a man who has no argument. If God was looking out for us he would make sure all of us had food and houses. As a kid I was taught that disobeying God would mean I'd burn in the hottest of Hell, endure the most horrible pain. God routinely punished us by causing tornadoes, hurricanes and such. He gave the disobedient cancer and other hideous ailments. But don't worry. God loves you."

And for the gun and God loving, Carlin's question had particular significance. "If God was looking out for you would He have given you a gun to kill your girl friend?"

I know Carlin isn't in Heaven looking down and smiling at those who remember him fondly. If there was such a place "up there," he would have better things to do. Unfortunately, Jesse probably isn't "down there" either.

But imagine the Devil giving the important Jesse three choices. One option he offers would be to join Reagan swimming in boiling water, but not able to reach the shore. Helms refuses. Next, he sees Nixon breaking an interminable pile of rocks. Nope!

For his third option, the Devil opens a door and Helms sees Clinton seated, facing him with Monica on her knees in front of the former President and -- well, doing her thing. The pious Helms grimaces, but finally chooses this as the least horrible option. The Devil then says: "Okay, Monica, you can go now."

Saul Landau once wrote plays for the San Francisco Mime Troupe.

Saturday, July 26, 2008

The Progressive Puzzle

Sam Smith, The Progressive Review

Let's imagine that you're a progressive and you are asked to support a candidate who:
- Favors expanding the war in Afghanistan

- Leaving a sizable force in and near Iraq following what he calls a "withdrawal." A large mercenary force would probably also be left.

- Aggressively opposed the impeachment of Bush. This same advisor says he would "be stunned" if his candidate appointed a strong critic of corporations to the Supreme Court.

- Has offered no major new ideas for dealing with the nation's economic crisis.

- Supports Bill Clinton's assault on social welfare.

- Supported making it harder to file class action suits in state courts

- Voted for a business-friendly tort bill

- Voted against a 30% interest rate cap on credit cards

- Had the most number of foreign lobbyist contributors in the primaries

- Is even more popular with Pentagon contractors than McCain

- Was most popular of the primary candidates with K Street lobbyists

- Has a top economic aide who has written enthusiastically about Milton Friedman and denounced the idea of a moratorium on mortgage foreclosures.

- Has no meaningful urban policy

- Supports the war on drugs

- Supports the crack-cocaine sentence disparity

- Supports Real ID

- Supports the PATRIOT Act

- Supports the death penalty

- Has lent his support to the neo-liberal Hamilton Project, which was formed, as one journalist put it, "to counter populist rebellion against corporatist tendencies within the Democratic Party."

- Has considered naming as vice president or cabinet members rightwing Republicans rated 0% by SANE, AFL-CIO, NARAL, Alliance for Retired Americans, Human Rights Coalition and the League of Conservation Voters, and who oppose abortion and favor privatizing Social Security

- Voted for a nuclear energy bill that included money for bunker buster bombs and full funding for Yucca Mountain.

- Supports federally funded ethanol and is unusually close to the ethanol industry.

- Supports the No Child Left Behind Act.

- Opposes reintroduction of the fairness doctrine for radio and television.

- Is using hawkish foreign policy advisors involved in past US misdeeds and failures.

- Strongly supports Israeli aggression and apartheid.

- Favors turning over Jerusalem to Israel

- Favored cluster bomb ban in civilian areas

- Opposes single payer healthcare

- Wouldn't have photo taken with San Francisco mayor because he was afraid it would seem that he supported gay marriage

- Favors a national service plan that appears to be in sync with one being promoted by a new coalition that would make national service mandatory by 2020, and which is in line with a bill for such mandatory national service introduced by Rep. Charles Rangel.

- Has dissed both Ralph Nader and Paul Wellstone

- Supports immunity from prosecution for both telecoms engaged in illegal wiretapping and the government officials that had them do it.

You don't have to imagine. It's Barack Obama, whose nomination was assured thanks to a con game that even outdid the one that worked so well for Bill Clinton and which left America essentially without a liberal voice for eight years.

Admittedly, Obama is a far more honest and decent person that Clinton but that doesn't take away from the fact that progressive America has been hit hard once again and much of it doesn't even realize it.

One standard liberal response is denial. You just join the cult and forget about the facts. And to shore up this shoddy state, you excoriate any who remain skeptical, fearful, angry or uncertain.

Read the entire essay

Thursday, July 24, 2008

Three reasons for Bush's shift on Iran

http://www.antiwar.com/bock/?articleid=13167

As far as I'm concerned, the third option is the only realistic one. It immediately came to mind when I heard that we were sending a high-ranking state department official to Geneva for talks with Iran's nuclear envoy. The other options don't add up with this administration, which has demonstrated complete indifference to diplomacy and an utter lack of forethought where it's agenda is concerned.--Pete

Alan Bock, Antiwar
There seem to be two possibilities, according to several experts and sources I talked to last week, to explain the fact that the United States decided to have Undersecretary of State William Burns, the third-ranking person in the State Department, sit in the same room with Iranian nuclear envoy Saeed Jalili and high-ranking diplomats from five other countries in Geneva on Saturday. Well, maybe there's a third possibility.

The first, of course, is that the Bush administration is in the beginning stages of a relatively dramatic turnaround in its approach to Iran. As Ted Carpenter, vice president for foreign policy and defense studies at the libertarian Cato Institute, told me, "Perhaps they understand that a military option is simply not realistic, or too unpredictable, and as with North Korea, have been dragged into diplomacy.". . .

Marina Ottaway, who heads Middle East studies at the generally realist/liberal Carnegie Endowment for International Peace, told me the Bush administration has to be aware that it is increasingly isolated in foreign policy, especially in the Gulf region. At the UN, Russia and China effectively prevent the most severe of sanctions being imposed multilaterally. And the Gulf countries, which fear they would be among the first victims of Iranian retaliation in the event of military action, are not following where the U.S. in its more hard-line mood wants to lead, so the U.S. is not leading anything or anyone. . .

There's another way to interpret the administration's move, however. It could be that a decision has been made to take some kind of military action against Iran – or to facilitate an Israeli action to ensure that it does enough damage to matter – before the administration leaves office. Under this possibility, even the Cheney-neocon cabal understands that it would be better, before a military strike is undertaken, to be able to say that we tried the diplomatic option, we talked, we met, we discussed, but the other side was just too intransigent, too unyielding, too unreasonable, and ultimately too potentially dangerous to leave us any choice but to strike them militarily.

As Ted Carpenter put it to me, "the hawks might want to be able to say they gave Iran one last chance, and made it clear to Iran during the talks that it was their last chance to stop doing provocative nuclear stuff," (however much the Iranians claim it's for electricity, not bombs). He suggested to me that one signal that option two was the real plan might be if Defense Secretary Robert Gates or Joint Chiefs of Staff Chairman Michael Mullen resigns, as their public statements have suggested that they are both quite opposed to military action against Iran, at least in the near future.

The wild card in all this, of course, is Israel. . . It would be difficult for Israel to carry out a minimally effective strike (one that does enough damage to Iran's bomb-making capacity to at least delay its ability to build deliverable nuclear weapons) without close cooperation from the United State – refueling over Iraqi airspace, needing rescue helicopters based in Iraq, etc. There's a possibility that this slight diplomatic opening to Iran has been accompanied by a stern word to the Israelis to keep their warplanes sheathed. But there's also the possibility that Israel could find ways to deliver damaging-to-devastating strikes without open U.S. cooperation.

The third possibility is that the administration hasn't decided yet what to do, but has decided that this gambit gives it the most options. If negotiations suggest that the Iranians are not eager to see military action and are willing to make some concessions on nuclear enrichment (maybe getting some supplies suitable for civilian use from a third party under strictly monitored conditions?), then the diplomatic option would go forward. If the Iranians in private negotiations – the kind that don't have to be followed up by a press conference where both sides mouth milky platitudes – sound more like the provocative Ahmadinejad than the more practical mullahs, the military option could still be exercised, perhaps after the November U.S. elections. Early reports from the Saturday meetings suggest that the Iranians were not inclined to yield much at this stage. An apparent two-week deadline for the Iranians to show some flexibility leaves this option quite open; things could go either way.

That third option might well turn out to be the most likely, which would be reason to keep the champagne on ice for a while and not pop the corks just yet.

Friday, July 18, 2008

American Voices (TheOnion.com)

McCain addresses NAACP
http://www.theonion.com/content/node/83031

Presumptive Republican presidential candidate John McCain spoke before the NAACP on Wednesday. What do you think?

Young Woman

Charlotte Adams,
Systems Analyst
"I've never heard the phrase 'you people' uttered with such conviction."

Young Man

Pete Stoyanoff,
Drywaller
"Who called whose bluff here?"

Black Man

Oren Sobotka,
Police Officer
"That's a good start. Now he should address all of the black people who aren't in the NAACP. Which is most black people."

Tuesday, July 15, 2008

President Bush Is A Murderer?

Good God, I love me some Bugliosi! He wrote "None Dare Call It Treason". Check it, campers!

Emerging from the Drug War Dark Age: LSD and Other Psychedelic Medicines Make a Comeback


By Charles Shaw, AlterNet
http://www.alternet.org/story/90958/

The return flight from Switzerland was a mix of hope and solemnity for Rick Doblin, the only American to attend the funeral of Dr. Albert Hofmann, the inventor of LSD who had just died at the age of 102. Doblin, a Harvard-educated Ph.D and founder of the Multidisciplinary Association for Psychedelic Studies, an organization that conducts legal research into the healing and spiritual potentials of psychedelics and marijuana, had spent his entire career trying to break through the virtually impenetrable wall of obstinacy that surrounds psychedelic compounds and their potential benefits to society.

More than anyone else in his field, Doblin is all too familiar with what he refers to as the "40-year-long bad trip" that researchers like him have faced in dealing with the fallout from the introduction of LSD and other psychedelic compounds to the Western psyche in the mid 1960s. This 40-year intellectual Dark Age, Doblin says, has been characterized by "enormous fear and misinformation and a vested interest in exaggerated stories about drugs to keep prohibition alive."

We've all heard the tales of kids jumping off rooftops because they think they can fly, of otherwise normal people taking a single hit of LSD and "going insane," and of course the all-pervasive myth of the "acid flashback." Although there were acid casualties, most were rare or aberrant tragedies, most often occurring in individuals with pre-existing mental health conditions who never should have taken LSD in the first place. Most of the tales are apocryphal at best, intentional propaganda meant to discourage use.

An Era of Censorship

Why would our government embark on this 40-year Inquisition to burn the psychedelic prophets at the stake and wipe clean from the Earth the true history of psychedelic culture, as if it were the secret of the Holy Grail and the Merovingian dynasty? Why has the psychedelic revolution of the 1960s -- one of the most powerful revolutions in human consciousness in all of history -- been reduced to pejorative tales of tie-dyed morons skipping through Golden Gate Park in an orgy of self-indulgence? Why would something that the government claims does not deserve respectable attention be the recipient of such Draconian repressive measures? Could it be because, like the secret of Mary Magdalene, the truth could bring the whole order crashing down?

The answer, my friend, blew away in the wind. The extent to which LSD fomented the cultural revolution of the 1960s has all but disappeared in a miasma of drug war propaganda. But do not be fooled. This was no hippie-dippy bullshit. In its time, LSD was more dangerous to the ruling order than Mao, Che or the Founding Fathers themselves. As the New York Times obituary for Hofmann read, "[LSD] was no hustler from a shotgun lab in Tijuana, after all, but a bourgeois revolutionary, born into establishment medicine and able to travel the world and enter societies from the top down, through their most hallowed institutions."

The U.S. government threw everything but the kitchen sink at getting (certain) Americans to stop "turning on," launching the drug war that eventually locked up millions of drug users. They handed down ridiculously disproportionate federal sentences to LSD makers that would have made Pablo Escobar commit suicide. But it wasn't the "turning on" part that they feared, for there are many benefits to having a population otherwise occupied in a false reality. No, it was the "tuning in" and "dropping out" part that kept them awake at night.

Although it may be difficult for the uninitiated to understand at face value, LSD and other psychedelic compounds can have a profound life-altering affect on the user that, more often than not, serves to connect them (or reconnect, as the case may be) to the universal compassion and love for life that is inherent in our species. It invariably causes them to question the validity of the status quo, to examine their life and what surrounds them in terms of beliefs and values.

And in this epoch of industrial civilization, the last thing a corporate culture that survives on war, aggression and consumer spending needs is a consciously awakened population of people who inexorably choose to leave said culture in droves because they see it is killing the planet, themselves, and each other. This is precisely, to the letter, the meaning of "Turn On, Tune In, Drop Out."

But even for those who would call this hyperbole, what was lost in all the derision and urban myths about LSD and other psychedelic compounds like ayahuasca, peyote, psilocybin and iboga -- plant medicines thousands of years old -- was the fact that they are miraculously powerful medicines, with the ability to effectively treat, and in some cases, cure some of the most debilitating illnesses and disorders plaguing humanity: addiction, obsessive-compulsive disorder, Post-Traumatic Stress Disorder, and migraine and cluster headaches. They are also effective palliatives for the sick and dying.

Something with such legitimate potential to heal can only be kept in the bottle for so long. In fact, these transcendent therapies are now ebbing back into mainstream respectability. Doblin will be the first to tell you that times are changing, driven by too much government repression, too much scientific orthodoxy, and, perhaps more than any other factor, our culture's desperate need to learn how to handle what he calls our "collective emotional state."

"We talk about the veterans suffering PTSD, but it's really a culture-wide phenomenon," he said. "We're at a place where technology and the structure of contemporary life have taken us so far away from our emotions as to create pathological conditions. The systemic violence and selfishness and greed that are in our society need treatment."

Doblin was one of the first to break through that wall of obstinacy and challenge the Inquisition. He got the U.S. government to approve clinical trials of MDMA-assisted therapy for returning veterans and victims of violent crime or abuse who suffer from Post-Traumatic Stress Disorder. In many ways it was this Newtonian breakthrough that finally challenged the orthodoxy that reigned over the 40-year Dark Age. Western governments had to ask themselves what was more important to them: their irrational and erroneous drug propaganda, or the possibility that the millions of lives they had devastated by war, violence and iniquitous economic policies might actually be repaired. In this, the seeds of a psychedelic renaissance were planted.

A Return to Respectability

Much greater than usual media attention accompanied the most recent World Psychedelic Forum held in March in Basel, Switzerland, the home of Albert Hofmann. A headline in the May issue of the staid British medical journal The Lancet -- known for challenging the Pentagon's Iraq casualty numbers -- read, "Research on Psychedelics Moves into the Mainstream."

The Lancet article identified a number of early-stage clinical trials being conducted on various "anxiety and neurotic disorders" using psychedelic compounds. As previously mentioned, Doblin and MAPS are conducting three parallel studies in Israel, Switzerland and the United States on the use of Ecstasy for treating PTSD. MAPS has also funded the work of controversial Harvard researcher John Halpern and Yale researcher Andrew Sewell, who are studying LSD and psilocybin as treatments for cluster headaches. (Information about their research is available on clusterbusters.com and Erowid, an online clearinghouse for reliable data on virtually every psychoactive plant and chemical known to humans.)

Harvard University, which conducted the last legal research on LSD in the mid-1960s and was the site for one of Halpern's studies on the effects of MDMA on dying cancer patients, is once again considering clinical trials to support Halpern's research.

And in a major milestone, on May 13 of this year, Swiss doctor Peter Gasser administered the first legal dose of LSD in more than 36 years. It was for a study of anxiety in palliative care, which helps terminally ill patients transition more peacefully -- and with as little pain as possible -- into death.

Other complexes like addiction and obsessive-compulsive disorder are being treated with what are called the "shamanic plant medicines": ayahuasca, the Amazonian vine preparation whose psychoactive component is dimethyltryptamine (DMT); peyote, the North American cactus whose psychoactive component is mescaline; and iboga, an African rainforest shrub.

Addiction is one of the most important new fields of study, not only because of the sheer numbers of afflicted, which the National Institute on Drug Abuse estimates at 23.6 million persons a year at a cost of $181 billion. According to a newly released report from the World Health Organization, the United States is the world's most addicted society. Of those who are lucky enough to get treatment, half eventually go back to heavy use, and 90 percent suffer brief or episodic relapses for the rest of their lives. This makes the search for an effective and long-lasting new treatment more attractive -- and more pressing -- than ever.

The Healing Potential of Psychedelics

Unlike other treatments, which have shown pitifully low success rates, psychedelic-assisted therapy focuses on the emotional context under which a patient suffers addiction, not the use of the drugs themselves. "This," says Tom Roberts, a professor of psychology at Northern Illinois University and the co-editor of a new two-volume compilation, Psychedelic Medicine, "is what makes them uniquely effective. They allow negative ideas and feelings -- where most addictions have their origins -- to surface into consciousness. With the guidance of a mental health professional, the person can let them go." Once these negative feelings are gone, Roberts says, the person no longer feels the need to deaden them with drugs or alcohol.

Psychedelic-assisted therapy for addiction pokes a hole in conventional wisdom about drug use, which goes something like this: If, under American law, all illegal drugs are bad for you, how can you then treat an addiction to one drug with another purportedly dangerous drug? This shortsighted line of thinking has been keeping psychedelic compounds illegal in spite of evidence pointing to their benefits.

Indigenous peoples have been using psychedelics as traditional medicine for thousands of years. Ayahuasca and peyote have been used to treat toothaches, pain in childbirth, fever, breast pain, skin diseases, rheumatism, diabetes, colds, blindness, parasites and more. They have also been used as spiritual medicines to cure emotional disorders. Native Americans use peyote to treat the astronomical rates of alcoholism found on the reservations, reportedly with great success, although hard figures are difficult to obtain due to the legal protections given to the Native American Church.

And Western scientists have known of the healing capabilities of psychedelics for decades.

In 1954 two chemists, D.W. Woolley and E. Shaw, published an article in Science magazine that argued that the neurochemical serotonin was the likely culprit behind most major mental disorders, writes Dirk Hanson in Addiction: A Search for a Cure. The worst of the bunch were depression, drug addiction and alcoholism. Woolley and Shaw also confirmed in their study that the most powerful known manipulator of serotonin was LSD because it had an "eerily" similar chemical structure.

Later in the '50s, a well-known LSD "apostle" named Alfred Matthew "Captain Al" Hubbard started peddling the idea that LSD might hold considerable psychotherapeutic potential. With the assistance of Aldous Huxley and other prominent acid-taking intellectuals, Hubbard gave LSD to Canadian researchers Abram Hoffer, Ross Mclean, and Humphrey Osmond, who studied it as a treatment for alcoholism, while a similar study was conducted at the Stanford Research Institute.

Later, Stan Grof worked with street-level addicts while Timothy Leary conducted psilocybin therapy on prisoners. Even Bill Wilson, the founder of Alcoholics Anonymous, was an acid enthusiast, promoting LSD as a "gateway to an accelerated spiritual awakening." Wilson noticed that the turnaround in alcoholics did not happen until they hit bottom, and LSD, because it surfaced difficult emotions, hastened an alcoholic's bottom and helped them avoid more catastrophic bottoms.

The therapy is reinforced through the "afterglow" effect of a "transcendent psychedelic event" (a trip), which Psychedelic Medicine says is "characterized by an elevated and energetic mood and a relative freedom from concerns of the past and from guilt and anxiety." There emerges an "enhanced disposition and capacity to enter into close relationships." The "afterglow" usually lasts anywhere from two weeks to a month and then gradually fades into a series of memories that are thought to continue affecting attitude and behavior.

All of these researchers stress that psychological professionals must guide psychedelic sessions, and that full recovery is only possible through continued therapy.

"After 40 years of review," Doblin takes great care to mention, "we can accurately say it's not a miracle cure." Psychedelic-assisted therapy has powerful healing potential, he says, but "does not work for people who don't really want to look at their inner conflicts."

Charles Shaw, a Chicago-based writer, is a regular contributor to AlterNet. He is the former editorial director of the Conscious Choice publications and a contributor to Reality Sandwich and the Huffington Post. He is currently writing Exile Nation, a drug war memoir.
© 2008 Independent Media Institute. All rights reserved.
View this story online at: http://www.alternet.org/story/90958/

TEN WAYS AMERICANS ARE HURTING, NOT WHINING



From the Progress Report

HOUSING FORECLOSURES INCREASING: As a result of the subprime lending crisis, "housing foreclosures nationwide were up 50% in June compared with the same month in 2007." In California alone, foreclosures have reached an average of 500 per day.

HOMELESSNESS INCREASING: The number of homeless people in America over the age of 50 is "steadily increasing."

HEALTHCARE COSTS RISING: According to a report by the Government Accountability Office, "health-care costs are growing much faster than the economy." Costs are rising so significantly, some Americans are delaying retirement.

GAS PRICES RISING: The national average gas price is $4.09, up 33 percent from this time last year. Gas prices are now expected to hit "$4.25 by the fall and then stay at more than $4 a gallon until the end of 2009."

JOB LOSSES INCREASING: In the first six months of this year, a total of 438,000 jobs have been lost, bringing unemployment to 5.5 percent. The CEO of Bank of America commented, if unemployment continues to rise, "all bets are off."

FOOD COSTS RISING: "U.S. food prices rose 4 percent in 2007" -- the fastest rise in 17 years -- and as a result, food stamps have considerably less buying power.

HEATING AND ELECTRICITY COSTS RISING: Heating oil costs across the North are expected to be "up 60 percent from last year," and utilities across the country are "raising power prices up to 29%."

REAL WAGES DECLINING: "Slower wage growth and faster inflation has led to falling real hourly and weekly earnings for most workers."

LEISURE SPENDING DECLINING: As a result of the rising cost of living, Americans are "tightening their belts and thinking twice about spending extra bucks on entertainment and leisure products."

VALUE OF DOLLAR DECLINING: The dollar "has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency."

Monday, July 14, 2008

Treasury Acts to Shore Up Fannie Mae and Freddie Mac

In this piece from today's NYT, we can see further proof of the truism, "banks are bailed out, people are thrown out". Also on display is corporate socialism, since losses are always socialized - only profits are privatized. How far must it go before it is stopped? We are not powerless.--Pete


July 14, 2008

WASHINGTON — Alarmed by the sharply eroding confidence in the nation’s two largest mortgage finance companies, the Bush administration on Sunday asked Congress to approve a sweeping rescue package that would give officials the power to inject billions of federal dollars into the beleaguered companies through investments and loans.

In a separate announcement, the Federal Reserve said it would make one of its short-term lending programs available to the two companies, Fannie Mae and Freddie Mac. The Fed said that it had made its decision “to promote the availability of home mortgage credit during a period of stress in financial markets.”

An official said that the Fed’s decision to permit the companies to borrow from its so-called discount window was approved at the request of the Treasury but that it was temporary and would probably end once Congress approved Treasury’s plan. Some officials briefed on the plan said Congress could be asked to extend the total line of credit to the institutions to $300 billion.

The actions, which taken together could provide an overwhelming surge of capital to the companies, were the second time in four months that the housing crisis had prompted the government to scramble over a weekend to rescue a major financial institution. Last March, the Treasury Department engineered the sale of Bear Stearns to prevent it from going into bankruptcy and cause a shock to the financial system.

The plan was disclosed on Sunday evening to calm jittery markets overseas and on Wall Street in advance of a debt sale by Freddie Mac on Monday morning. Officials said that after talking to senior lawmakers through the weekend, they expected that Congress would attach the proposals to a housing bill that could be completed and sent to the White House for approval as early as this week.

“The president has asked me to work with Congress to act on this plan immediately,” the Treasury secretary, Henry M. Paulson Jr., said Sunday on the steps of the Treasury building. “Fannie Mae and Freddie Mac play a central role in our housing finance system and must continue to do so in their current form as shareholder-owned companies. Their support for the housing market is particularly important as we work through the current housing correction.”

While senior Democratic and Republican officials in successive administrations have for many years repeatedly denied that the trillions of dollars of debt Fannie and Freddie issued is guaranteed, the package, if adopted, would bring the Treasury closer than ever to exposing taxpayers to potentially huge new liabilities. The two companies could face significant new losses this year as the wave of housing foreclosures continues. Officials seemed to suggest, however, that they had little choice but to intervene.

Over the weekend, Treasury officials sought assurances from Wall Street firms that the $3 billion auction by Freddie Mac of short-term debt would go off without a hitch. While $3 billion is a relatively small sum for an institution of Freddie’s size officials said they did not want to risk even a small misstep that could set off a new round of problems.

The government officials said that the more drastic alternative that has been considered — placing one or both companies under the control of a government-appointed conservator — would be done only as a last-ditch measure if the intermediate steps failed to restore confidence. The failure of just one of the companies could be catastrophic for economies around the world.

The officials said they were prompted to act because, despite repeated assurances by top officials that the companies had adequate cash to weather the current financial storm, Fannie and Freddie suffered a withering blow of confidence last week when their stocks plummeted on the New York Stock Exchange. As a result, Freddie faced an uncertain debt offering on Monday.

The companies, known as government-sponsored enterprises, or G.S.E.’s, touch nearly half of the nation’s mortgages by either owning or guaranteeing them, and the debt securities they issue to finance their operations are widely owned by foreign governments, pension funds, mutual funds, big companies and other large institutional investors.

“G.S.E. debt is held by financial institutions around the world,” Mr. Paulson said in his statement. “Its continued strength is important to maintaining confidence and stability in our financial system and our financial markets. Therefore we must take steps to address the current situation as we move to a stronger regulatory structure.”

The proposal would give the Treasury secretary authority to determine when to invest in the companies or extend loans to them. Those purchases would be made with the agreement of the companies.

Officials said the proposed investment and lending elements of the plan were to last two years.

While the Treasury did not specify the size of the packages, officials briefed on the plan said they were told by administration officials that, to be meaningful, Congress should consider extending the line of credit to the two institutions to $300 billion.

Each company now has a $2.25 billion credit line, set nearly 40 years ago by Congress. At the time, Fannie had only about $15 billion in outstanding debt. It now has total debt of about $800 billion, while Freddie has about $740 billion. Today the two companies also hold or guarantee loans valued at more than $5 trillion, about half the nation’s mortgages.

Lawmakers said that as part of the plan, the administration called on Congress to raise the national debt limit. And it asked Congress to give the Federal Reserve a role in setting the rules for how big a capital cushion each company must hold. Giving the Fed a consulting role in the companies’ oversight is seen as another way to reassure markets.

Initial reaction to the plan by some Congressional Democrats was positive.

An early endorsement came from Senator Charles E. Schumer, the New York Democrat who is also a senior member of the banking committee.

“The Treasury’s plan is surgical and carefully thought out and will maximize confidence in Fannie and Freddie while minimizing potential costs to U.S. taxpayers,” Mr. Schumer said. “While Fannie and Freddie still have solid fundamentals, it will be reassuring to investors, bondholders and mortgage-holders that the federal government will be behind these agencies should it be needed.”

Representative Barney Frank, Democrat of Massachusetts, and one of the authors of the housing legislation, said he supported the Treasury proposal. He said he expected the plan would be included in the housing bill, which he said would be approved, sent back to the Senate and likely land on the president’s desk by the end of the week.

“The general thrust of what they’re doing is right,” said Mr. Frank, the chairman of the House Financial Services Committee.

Senator Barack Obama of Illinois, the presumptive Democratic presidential nominee, told reporters in San Diego on Sunday that any government action to rescue the two mortgage companies should be done from the perspective of homeowners, “not just shareholders and investors and C.E.O.’s of companies.”

His presumed Republican opponent, Senator John McCain of Arizona, said last week that he expected the government would do all it could to prevent the failure of either company.

The administration’s announcement was made after senior officials from the Treasury and the Federal Reserve spent Saturday and Sunday closely monitoring preparations by Freddie Mac to raise money to help meet its short-term financing needs. Officials said they were watching to see if the steep declines last week of Freddie and Fannie stock would spill into the debt market and undermine the confidence of lenders.

A senior official said that the administration had been receiving mixed signals from Wall Street about the Monday auction. But other officials denied that the prospect of a weak debt offering had motivated the Treasury to rush out its rescue plan.

“There is nothing that motivated us to act tonight that changed from Friday night,” said a Treasury official. “There has been no further deterioration in the markets.”

Daniel H. Mudd, the president and chief executive of Fannie Mae, said the company “appreciates today’s announcements and the expressions of support.”

“We continue to hold more than adequate capital reserves and maintain access to liquidity from the capital markets,” Mr. Mudd said. “Given the market turmoil, having options to access provisional sources of liquidity if needed will help to strengthen overall confidence in the market.”

Richard F. Syron, chief executive of Freddie Mac, said, “This affirmation of the important role of the G.S.E.’s, and that we should continue to operate as shareholder-owned companies, should go a long way toward reassuring world markets that Freddie Mac and Fannie Mae will continue to support America’s homebuyers and renters.”

On the prospect that the government could buy shares, Sharon J. McHale, a spokeswoman for Freddie Mac, said, “It’s important to note that our understanding with Treasury is that any agreement to purchase equity can only occur with the mutual agreement of both parties.”

Reporting was contributed by Jenny Anderson and Gretchen Morgenson from New York; Charles Duhigg from Macatawa, Mich.; and David Herszhenhorn and Carl Hulse from Washington.

Today's reason to smile






















Click pic for larger image

Sunday, July 13, 2008

Big Pharma Is in a Frenzy to Bring Cannabis-Based Medicines to Market

A post on Alternet tells the truth about the medical properties of cannabis and the rush to patent the various compounds related to its many and varied medicinal properties. One of the points rarely discussed in these arguments is the fact that the human brain has receptors specific to cannabis, meaning that it has been an important part of the human diet/pharmacopoeia for a very long time. Read on.--Pete

By Paul Armentano, AlterNet
http://www.alternet.org/story/90469/

The US government's longstanding denial of medical marijuana research and use is an irrational and morally bankrupt public policy. On this point, few Americans disagree. As for the question of "why" federal officials maintain this inflexible and inhumane policy, well that's another story

One of the more popular theories seeking to explain the Feds' seemingly inexplicable ban on medical pot goes like this: Neither the US government nor the pharmaceutical industry will allow for the use of medical marijuana because they can't patent it or profit from it.

It's an appealing theory, yet I've found it to be neither accurate nor persuasive. Here's why.

First, let me state the obvious. Big Pharma is busily applying for -- and has already received -- multiple patents for the medical properties of pot. These include patents for synthetic pot derivatives (such as the oral THC pill Marinol), cannabinoid agonists (synthetic agents that bind to the brain's endocannabinoid receptors) like HU-210 and cannabis antagonists such as Rimonabant. This trend was most recently summarized in the NIH paper (pdf), "The endocannabinoid system as an emerging target of pharmacotherapy," which concluded, "The growing interest in the underlying science has been matched by a growth in the number of cannabinoid drugs in pharmaceutical development from two in 1995 to 27 in 2004." In other words, at the same time the American Medical Association is proclaiming that pot has no medical value, Big Pharma is in a frenzy to bring dozens of new, cannabis-based medicines to market.

Not all of these medicines will be synthetic pills either. Most notably, GW Pharmaceutical's oral marijuana spray, Sativex, is a patented standardized dose of natural cannabis extracts. (The extracts, primarily THC and the non-psychoactive, anxiolytic compound CBD, are taken directly from marijuana plants grown at an undisclosed, company warehouse.)

Does Big Pharma's sudden and growing interest in the research and development of pot-based medicines mean that the industry is proactively supporting marijuana prohibition? Not if they know what's good for them. Let me explain.

First, any and all cannabis-based medicines must be granted approval from federal regulatory bodies such as the US Food and Drug Administration -- a process that remains as much based on politics as it is on scientific merit. Chances are that a government that is unreasonably hostile toward the marijuana plant will also be unreasonably hostile toward sanctioning cannabis-based pharmaceuticals.

A recent example of this may be found in the Medicine and Health Products Regulatory Agency's recent denial of Sativex as a prescription drug in the United Kingdom. (Sativex's parent company, GW Pharmaceuticals, is based in London.) In recent years, British politicians have taken an atypically hard-line against the recreational use of marijuana -- culminating in Prime Minister Gordon Brown's declaration that today's pot is now of "lethal quality." (Shortly thereafter, Parliament elected to stiffen criminal penalties on the possession of the drug from a verbal warning to up to five years in jail.) In such an environment is it any wonder that British regulators have steadfastly refused to legalize a pot-based medicine, even one with an impeccable safety record like Sativex? Conversely, Canadian health regulators -- who take a much more liberal view toward the use of natural cannabis and oversee its distribution to authorized patients -- recently approved Sativex as a prescription drug.

Of course, gaining regulatory approval is only half the battle. The real hurdle for Big Pharma is finding customers for its product. Here again, a culture that is familiar with and educated to the use therapeutic cannabis is likely going to be far more open to the use of pot-based medicines than a population still stuck in the grip of "Reefer Madness."

Will those patients who already have first-hand experience with the use of medical pot switch to a cannabis-based pharmaceutical if one becomes legally available? Maybe not, but these individuals comprise only a fraction of the US population. Certainly many others will -- including many older patients who would never the desire to try or the access to obtain natural cannabis. Bottom line: regardless of whether pot is legal or not, cannabis-based pharmaceuticals will no doubt have a broad appeal.

But wouldn't the legal availability of pot encourage patients to use fewer pharmaceuticals overall? Perhaps, though likely not to any degree that adversely impacts Big Pharma's bottom line. Certainly most individuals in the Netherlands, Canada, and in California -- three regions where medical pot is both legal and easily accessible on the open market -- use prescription drugs, not cannabis for their ailments. Further, despite the availability of numerous legal healing herbs and traditional medicines such as Echinacea, Witch Hazel, and Eastern hemlock most Americans continue to turn to pharmaceutical preparations as their remedies of choice.

Should the advent of legal, alternative pot-based medicines ever warrant or justify the criminalization of patients who find superior relief from natural cannabis? Certainly not. But, as the private sector continues to move forward with research into the safety and efficacy of marijuana-based pharmaceuticals, it will become harder and harder for the government and law enforcement to maintain their absurd and illogical policy of total pot prohibition.

Of course, were it not for advocates having worked for four decades to legalize medical cannabis, it's unlikely that anyone -- most especially the pharmaceutical industry -- would be turning their attention toward the development and marketing of cannabis-based therapeutics. That said, I won't be holding my breath waiting for any royalty checks.

Oh yeah, and as for those who claim that the US government can't patent medical pot, check out the assignee for US Patent #6630507.

Paul Armentano is the senior policy analyst for the NORML Foundation in Washington, DC.

Saturday, July 12, 2008

So Much For The Fourth Amendment...

Well campers, the fourth amendment to the Constitution of the United States has been trashed. The passage of the FISA bill - complete with retroactive telecom immunity for their illegally handing over our private information to the NSA on a request from the illegitimate Bush administration - has set a legal precedent of monstrous proportion. Your privacy - one of those natural rights retained by the people and protected by the ninth amendment - has been canceled in our representative government's rush to totalitarianism. Mourn the death of the republic and fly the black flags of anarchy as a firm statement of intent. There are those of us who need to start by turning off their consensus-manufacturing devices.

All of us who held out hope that the elections of November '06 would turn the tide of tyranny, corruption, lies and mass-murderous foreign policy in what remains of the republic have had their hopes dashed repeatedly, and some have had their intuitions confirmed that the U.S. political system is a complete sham. Those elected serve their biggest campaign contributors - period. Even constant pressure from constituents doesn't work, if those constituents aren't "pioneer-level" donors. Congress is nothing but a brothel and all of our elected legislative officials are whores. Am I being too hyperbolic? I think not, considering all the empirical evidence.

Saturday, July 05, 2008

It’s Not the Man, It’s the Movement

Good God, I love's me some Amy Goodman! That girl rocks like a house on fire, don't she? Here's the latest from the spitfire, which goes a long way toward healing my soul after reading E. J. Dionne's latest (whom I normally love): http://www.truthdig.com/report/item/20080703_obamas_leap_of_faith/
--Pete

By Amy Goodman

I was on a panel at the Aspen Ideas Festival in Colorado this week when Newsweek’s Jonathan Alter asked me, “Is Obama a sellout?” The question isn’t whether he is a sellout or not—it’s about what demands are made by grass-roots social movements of those who would represent them. The question is, who are these candidates responding to, answering to?

Richard Nixon’s campaign strategy was to run in the primaries to the right, then move to the center in the general election. Bill Clinton’s strategy was called “triangulation,” navigating to a political “Third Way” to please moderates and undecided voters. This past week, Barack Obama has made some signal policy changes that suggest he might be doing something similar. Will it work for him?

Take the Foreign Intelligence Surveillance Act, for example. A Dec. 17, 2007, press release from Obama’s Senate office read: “Senator Obama unequivocally opposes giving retroactive immunity to telecommunications companies and has cosponsored Senator Dodd’s efforts to remove that provision from the FISA bill. Granting such immunity undermines the constitutional protections Americans trust the Congress to protect. Senator Obama supports a filibuster of this bill, and strongly urges others to do the same.” Six months later, he supports immunity for the companies that spied on Americans.

I asked Sen. Russ Feingold, D-Wis., about Obama’s position on the FISA bill. He told me: “Wrong vote. Regrettable. Many Democrats will do this. We should be standing up for the Constitution. When Sen. Obama is president, he will, I’m sure, work to fix some of this, but it’s going to be a lot easier to prevent it now than to try to fix it later.”

Feingold and Sen. Christopher Dodd, D-Conn., are planning on filibustering the bill. It will take 60 senators to overcome their filibuster. It looks like Obama will be one of them. Disappointment with Obama’s FISA position is not limited to his senatorial colleagues. On Obama’s own campaign Web site, bloggers are voicing strident opposition to his FISA position. At the time of this writing, an online group on Obama’s site had more than 10,000 members and was growing fast. The group’s profile reads: “Senator Obama—we are a proud group of your supporters who believe in your call for hope and a new kind of politics. Please reject the politics of fear on national security, vote against this bill and lead other Democrats to do the same!”

Then there were the recent U.S. Supreme Court decisions on gun control and the death penalty. Obama supported the court in overturning the 32-year-old ban on handguns in the nation’s violence-ridden capital. It’s the court’s most significant ruling on the Second Amendment in nearly 70 years. And in a blow to death-penalty opponents, Obama disagreed with the high court’s prohibiting execution of those who were found guilty of raping children.

In a Jan. 21, 2008, primary debate, Obama called the North American Free Trade Agreement “a mistake” and “an enormous problem.” He recently told Fortune magazine, “Sometimes during campaigns the rhetoric gets overheated and amplified ... my core position has never changed ... I’ve always been a proponent of free trade.” This, after the primary-campaign scandal of the alleged meeting between Obama economic adviser Austan Goolsbee and a member of the Canadian consulate. A Canadian memo describing the meeting suggested Obama was generally satisfied with NAFTA. Goolsbee described the accounts as inaccurate. Now people are beginning to question Obama’s genuine opposition to NAFTA and “free trade.”

Then there is the floating of potential vice presidential candidates. Jonathan Capehart of The Washington Post was on the Aspen panel and noted that he has been receiving e-mails from gay men who angrily oppose former Sen. Sam Nunn as an Obama running mate. They can’t forget Nunn’s key role in shaping “Don’t Ask, Don’t Tell,” which prohibited gay men and lesbians from serving openly in the military. The e-mails trickled up, prompting the writing of an influential Capehart column, “Don’t Ask Nunn.”

It may be the strategy of the Obama campaign to run to the middle, to attract the independents, the undecided. But he should look carefully at the lessons of the 2004 Kerry campaign. John Kerry made similar calculations, not wanting to appear weak on the war in Iraq. Uninspired, people stayed home. There are millions who care about the issues from which Obama is distancing himself, from FISA to gun control to gay rights to free trade to the death penalty. Rather than staying home, they should recall the words of Frederick Douglass: “Power concedes nothing without a demand.”

Amy Goodman is the host of “Democracy Now!,” a daily international TV/radio news hour airing on more than 700 stations in North America.

© 2008 Amy Goodman

http://www.truthdig.com/report/item/20080702_its_not_the_man_its_the_movement/