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A BUZZFLASH GUEST CONTRIBUTION
by Danny Schechter
Mediachannel.org

"Institutions and human psychology lead financial markets to bounce back and forth between exuberant greed and catatonic fear. Times of fear generate high unemployment. Times of greed are likely to be times of destabilizing inflation." -- Economist Brad DeLong

New York, September 19: It was another week in which the debt crisis rolled over financial institutions worldwide and people's lives like an out-of-control freight train. On Tuesday, the U.S. stock market received a gift from the Federal Reserve Bank in the form of a half percent interest rate cut, twice the amount most analysts expected.

Why?

BARBARA'S DAILY BUZZFLASH MINUTE

It looks as though George Bush has succeeded in making Osama bin Laden’s dream come true! “The latest US government data on foreign holdings released this week show a collapse in purchases of US bonds from $97bn to just $19bn in July … foreign investors have been gradually pulling out of the long-term US debt markets, leaving the dollar dependent on short-term funding … This time the US itself is the problem … we are going to have a serious recession. The dollar's going to collapse, the bond market's going to collapse. There's going to be a lot of problems.” It’s no wonder George Bush has acquired that hidey hole down there in Paraguay, a whole lot of people are going to be really angry when they find they have no security, no jobs, no money! George Bush has made America into an Enron on steroids!!!

Thursday, 20 September 2007 02:36

Cindy Sheehan: David Cline: Friend of Peace, RIP

A BUZZFLASH GUEST CONTRIBUTION
by Cindy Sheehan

"We are not the first group to call for impeachment. We have decided to add our voice to the call. All the reasons given for the invasion have shown themselves to be half-truths or misleading. The conflict continues to drag on taking the lives of our soldiers and innocent Iraqis. It is clear that George Bush does not intend to change course in an effort to right this great wrong. He has had enough time in his second term to begin a shift and he has not. It is time to remove him from office." David Cline, then President of the VFP, March '05

The administration loves all private contractors
Because they define virility
And, more importantly, embody the goal of power
Without any responsibility.

Wednesday, 19 September 2007 15:40

Oil and Betrayal in Iraq, By George Lakoff

A BUZZFLASH GUEST CONTRIBUTION

by George Lakoff George Lakoff of the The Rockridge Institute examines what Alan Greenspan's admission that "the Iraq war is largely about oil" means for America's troops and for the people of Iraq:

A BUZZFLASH NEWS ALERT 

People for the American Way

Today, Senate Republicans blocked a vote on the restoration of habeas corpus for certain foreign nationals held at Guantanamo Bay and on American soil, allowing the President to continue asserting that he has the right to imprison those suspected of being "enemy combatants" indefinitely, without any means to challenge their detention. 

Wednesday, 19 September 2007 06:11

BuzzFlash Mailbag for September 19, 2007

BUZZFLASH MAILBAG

Want to join the conversation? Share your thoughts with other Mailbag readers by clicking here.

Subject: Police State America

BARBARA'S DAILY BUZZFLASH MINUTE

Chafee defection expected, though puzzling to some.  Would that they all become Patriotic Americans rather than Repuglican poodles!  It’s time to stand up for real American values, it’s time to relinquish party affiliation and become true American citizens!

Wednesday, 19 September 2007 01:02

Jim Ridout: George Bush Feigning Success in Iraq

A BUZZFLASH READER CONTRIBUTION
by Jim Ridout

There has been a lot of talk this past week regarding the feigning policy of George Bush and the report given by General Petreaus. It has rallied the right. Freedom March has begun to run ads that are pro-war, which I believe are a first. Sort of a record breaker for them, to prey upon the misery and loss of families who have lost loved ones to assure them theirs that have departed this earth will be followed by many others if they have their way.

Mortgage defaults continue to soar;
The only closure available is fore.

VERSE CASE SCENARIO

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