ICH: Ron Paul: The Creation of the Second Great Depression

September 26, 2008
The Creation of the Second Great Depression
By Ron Paul
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike. The events of the past week are no exception.
http://www.informationclearinghouse.info/article20862.htm
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Show Us the Money
By William Greider
Taxpayers should wake up the politicians and ask them to tell Wall Street: “We want the same deal Warren Buffett got.”
http://www.informationclearinghouse.info/article20867.htm
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Richest Americans See Their Income Share Grow
By Jesse Drucker
In a new sign of increasing inequality in the U.S., the richest 1% of Americans in 2006 garnered the highest share of the nation’s adjusted gross income for two decades, and possibly the highest since 1929, according to Internal Revenue Service data.
http://www.informationclearinghouse.info/article20863.htm
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America’s Elephant In The Room
By David Michael Green
The scope of the destruction is breathtaking to gaze upon. The rapidity with which American affluence and power and respect and responsibility were converted into their opposite numbers is mind-boggling.
http://www.informationclearinghouse.info/article20868.htm
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McCain’s Debate Ploy
By Michael Tomasky
A move so unserious, contemptible and cynical that it’s hard to imagine how they even thought of it.
http://www.informationclearinghouse.info/article20866.htm
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The New World War
The Silence Is A Lie
By John Pilger
It is a war of the world. In Latin America, the Bush administration is fomenting incipient military coups in Venezuela, Bolivia, and possibly Paraguay, democracies whose governments have opposed Washington’s historic rapacious intervention in its “backyard”. Washington’s “Plan Colombia” is the model for a mostly unreported assault on Mexico.
http://www.informationclearinghouse.info/article20864.htm
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Morales Cites “Evidence” of U.S. Meddling
By Haider Rizvi
Bolivian President Evo Morales reiterated the charge Tuesday that the U.S. government was plotting to overthrow his government and that Washington had a hand in the recent episodes of violence in which a number of his supporters were killed and wounded by opposition gangs.
http://www.informationclearinghouse.info/article20860.htm
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The Destabilization of Bolivia and the “Kosovo Option”
By Michel Chossudovsky
The death squads armed with automatic weapons responsible for killing supporters of Evo Morales in El Porvenir are supported covertly by the US. According to one report, “USAID has an “Office of Transition Initiatives” operating in Bolivia, funneling millions of dollars of training and support to right-wing opposition regional governments and movements.”
http://www.informationclearinghouse.info/article20861.htm
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The Future Is One Nation
The two-state approach in the Middle East has failed. There is a fairer, more durable solution
By Ghada Karmi
Imagine the scene: the United Nations general assembly meets to discuss a resolution to the Israel-Palestine conflict. Unlike previous resolutions, which have been based on a Jewish state in most of historic Palestine with Palestinians relegated to the remnants, this one calls for a new state, covering what is now Israel, the West Bank and Gaza, whose present and former inhabitants are equal under the law. Such a resolution has, in fact, already been drafted and discussions have begun to place it on the agenda at the UN.
http://www.informationclearinghouse.info/article20865.htm
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Horrors of War Our Leaders Never Have to Confront
By Robert Fisk
Private James Owen was to describe how an enraged friend was trying to bayonet another German. “He lunged at the German again and again, who each time lowered his arms and stopped the point of the bayonet with his bare hands. He was screaming for mercy. Oh God it was brutal!”
http://www.informationclearinghouse.info/article20856.htm
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The Blood of Dresden
By Kurt Vonnegut
The author Kurt Vonnegut was a prisoner of war in Dresden during the allied bombing raids and was later forced to dig out bodies from the ruined city. In papers discovered by his son after his death last year, he provides a searing eyewitness account of the ‘obscene brutality’ that inspired his novel Slaughterhouse-Five.
http://www.informationclearinghouse.info/article20857.htm
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Tomgram: William Astore, Rebuilding America, Remaking Ourselves

September 24, 2008

[Note to TomDispatch Readers: Again, thanks to all of you who offered your hard-earned dollars to help this site via the new “Support TomDispatch. Resist Empire.” button. Believe me, that was truly appreciated. Be forewarned, I’m traveling this week and may turn out to be an even worse correspondent than usual for those of you who write in. Last week, I also appealed to all of you to consider writing friends, colleagues, relatives to suggest that they go to the “sign up” window at the upper right of the TomDispatch main screen, put in their email addresses, and sign on for the new, snazzily updated site mailing that offers notification whenever a post goes up. (Word of mouth is, of course, still the major kind of publicity this site can afford.) A number of you did so and TD got a small flood of new subscribers. So, many thanks indeed! If some of you meant to do this and didn’t quite get around to it, now’s as perfect a time as any. Lots of good posts upcoming, so please pass the word!]

When you can read a piece headlined in the Wall Street Journal, “Worst Crisis Since ’30s, With No End Yet in Sight” — with passages like, “Fed Chairman Bernanke and Treasury Secretary Henry Paulson, walking into a hastily arranged meeting with congressional leaders Tuesday night to brief them on the government’s unprecedented rescue of AIG, looked like exhausted surgeons delivering grim news to the family” — you know you’re at a new moment in our history. Recently, thinking about the American experience in the 1930s, I was wondering why the present administration was now so willing to throw vast sums at the speculators, who thought nothing of the rest of us in their high times, and not even crumbs to Americans; why no one calls us to “the colors” of civil society, as Franklin D. Roosevelt did then. Fortunately, along came TomDispatch regular William Astore with the following post, based on memories of his father’s days in the Civilian Conservation Corps. (That program, which put so many Americans to work rebuilding the country, was, by the way, the one New Deal initiative that even Republicans, even the fiercest opponents of President Franklin Delano Roosevelt, came to admire.) Tom

Hey, Government! How About Calling on Us?

Reviving National Service in a Big Way

By William J. Astore
Lately, our news has focused on tropical depressions maturing into monster hurricanes that leave devastation in their wake — and I’m not just talking about Gustav and Ike. Today, we face a perfect storm of financial devastation, notable for the enormity of the greed that generated it and the somnolent response of our government in helping Americans left devastated in its wake.

As unemployment rates soar to their highest level in five years and home construction sinks to its lowest level in 17 years, all our federal government seems able to do is buy up to $700 billion in “distressed” mortgage-related assets, bail-out Fannie Mae and Freddie Mac (at a cost of roughly $200 billion) or “loan” $85 billion to liquidate insurance giant AIG. If you’re Merrill Lynch, you get a hearing; if you’re just plain Marilyn Lynch of Topeka, what you get is a recession, a looming depression, and a federal tax bill for the fat-cat bail-outs.

But, amazingly enough, ordinary Americans generally don’t want bail-outs, nor do they want handouts. What they normally want is honorable work, decent wages, and a government willing to wake up and help them contribute to a national restoration.

Click here to read more of this dispatch.