Heather Wokusch: Bush Exits with a Bang: Toxic Bailout and Two More Wars?

September 26, 2008

It’s good to hear back from my American friend, progressive writer, author, political commentator and blogger, Heather Wokusch.  Check out her two short videos and following links:

I’ve been on a short break from blogging, but recent events have gotten me riled up! If you have strong opinions about the Bush administration’s ‘toxic debt’ bailout and/or destabilization of Pakistan and Iran, then check out the ten-minute video I made called ‘Bush Exits with a Bang: Toxic Bailout and Two More Wars?’ here:

Bush Exits with a Bang: Toxic Bailout and Two More Wars?

The video provides background and context into these dangerous developments, as well as ideas for taking action.

I hope to be back to blogging on a regular basis soon, but for now, check out:
Bush Exits with a Bang: Toxic Bailout and Two More Wars?

Links for sources cited in the video:

Bailout:
Crisis talks over $700B ‘toxic debt’ rescue plan
Bush: “The American people have got to know that I made this decision along with a lot of experts because it was necessary to protect them.”

Pakistan:
Washington is Risking War with Pakistan

The American War Moves to Pakistan

Iran:
Preparing The Battlefield July 07, 2008

Dutch intel: US to strike Iran in coming weeks September 1, 08

Israel asks U.S. for arms, air corridor to attack Iran September 11, 08

U.S. to sell IAF smart bombs for heavily fortified targets September 14, 08

Bush could still attack Iran September 17 08

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Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter

September 23, 2008

This post by Jason Linkins in The Huffington Post sheds light on the proposed Bush Administration bailout package:

A critical – and radical – component of the bailout package proposed by the Bush administration has thus far failed to garner the serious attention of anyone in the press. Section 8 (which ironically reminds one of the popular name of the portion of the 1937 Housing Act that paved the way for subsidized affordable housing ) of this legislation is just a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that’s so flat-out astounding that it ought to set one’s hair on fire. It reads, in its entirety:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

In short, the so-called “mother of all bailouts,” which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People’s duly sworn representatives. All decision-making power will be consolidated into the Executive Branch – who, we remind you, will have the incentive to act upon this privilege as quickly as possible, before they leave office. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay, and no fundamental means of holding those who fail to do so accountable.

[…]

Read the rest of this article here.