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Share this with your Republican friends and family! Of course this man will be called a traitor because it is easier for them to hide their heads in the sand than to face the truth. It is easier to cover their eyes and pretend none of it happened than to admit they have been snookered by their party, and it never stopped! They hope beyond all hope that all Americans have closed their eyes to the greed and mismanagement of the Republican Party, but we haven't. They will be in denial, turn to fox for their nightly fix of lies so they can sleep better and dream of their guns and freedom. (It's like a nice glass of warm milk, but they don't realize it's spoiled because they are so plugged up from the stench of Corp greed that takes from the poor and gives to the rich) As they lose their homes, jobs and health they won't even realize that the wool over their eyes, now covers their entire body. They have fought for so long against their own self interest that they are comfortable being sheep and will lash out at anyone who dares point out that it is summer! They won't believe a word that this man says, even though he is one of them, but share it anyway!~MemGet it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."
In the wake of Friday's disappointing jobs report, Neal Lipschutz and Phil Izzo discuss new predictions that it could be many years before the nation's unemployment rate reaches pre-recession levels.
Yes, Stockman is equally damning of the Democrats' Keynesian policies. But what this indictment by a party insider -- someone so close to the development of the Reaganomics ideology -- says about America, helps all of us better understand how America's toxic partisan-politics "holy war" is destroying not just the economy and capitalism, but the America dream. And unless this war stops soon, both parties will succeed in their collective death wish.
But why focus on Stockman's message? It's already lost in the 24/7 news cycle. Why? We need some introspection. Ask yourself: How did the great nation of America lose its moral compass and drift so far off course, to where our very survival is threatened?
We've arrived at a historic turning point as a nation that no longer needs outside enemies to destroy us, we are committing suicide. Democracy. Capitalism. The American dream. All dying. Why? Because of the economic decisions of the GOP the past 40 years, says this leading Reagan Republican.
Please listen with an open mind, no matter your party affiliation: This makes for a powerful history lesson, because it exposes how both parties are responsible for destroying the U.S. economy. Listen closely:
Reagan Republican: the GOP should file for bankruptcyStockman rushes into the ring swinging like a boxer: "If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation's public debt ... will soon reach $18 trillion." It screams "out for austerity and sacrifice." But instead, the GOP insists "that the nation's wealthiest taxpayers be spared even a three-percentage-point rate increase."
In the past 40 years Republican ideology has gone from solid principles to hype and slogans. Stockman says: "Republicans used to believe that prosperity depended upon the regular balancing of accounts -- in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses too."
No more. Today there's a "new catechism" that's "little more than money printing and deficit finance, vulgar Keynesianism robed in the ideological vestments of the prosperous classes" making a mockery of GOP ideals. Worse, it has resulted in "serial financial bubbles and Wall Street depredations that have crippled our economy." Yes, GOP ideals backfired, crippling our economy.
Stockman's indictment warns that the Republican party's "new policy doctrines have caused four great deformations of the national economy, and modern Republicans have turned a blind eye to each one:"
Stage 1. Nixon irresponsible, dumps gold, U.S starts spending bingeRichard Nixon's gold policies get Stockman's first assault, for defaulting "on American obligations under the 1944 Bretton Woods agreement to balance our accounts with the world." So for the past 40 years, America's been living "beyond our means as a nation" on "borrowed prosperity on an epic scale ... an outcome that Milton Friedman said could never happen when, in 1971, he persuaded President Nixon to unleash on the world paper dollars no longer redeemable in gold or other fixed monetary reserves."
Remember Friedman: "Just let the free market set currency exchange rates, he said, and trade deficits will self-correct." Friedman was wrong by trillions. And unfortunately "once relieved of the discipline of defending a fixed value for their currencies, politicians the world over were free to cheapen their money and disregard their neighbors."
And without discipline America was also encouraging "global monetary chaos as foreign central banks run their own printing presses at ever faster speeds to sop up the tidal wave of dollars coming from the Federal Reserve." Yes, the road to the coming apocalypse began with a Republican president listening to a misguided Nobel economist's advice.
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In her interview with Fox News’ Greta van Susteren last night, Gov. Sarah Palin appeared to claim that the U.S. needs to “win” the non-existent war with Iran: "We realize that more and more Americans are starting to see the light there and understand the contrast. And we talk a lot about, OK, we’re confident that we’re going to win on Tuesday, so from there, the first 100 days, how are we going to kick in the plan that will get this economy back on the right track and really shore up the strategies that we need over in Iraq and Iran to win these wars?"
Iraq and the United States have finally agreed on a security pact which would mean that US forces would withdraw from Iraq by 2011, American and Iraqi officials said yesterday.
The accord became a major test of strength between the Iraqi government and Washington since negotiations began in March with the Iraqi Prime Minister, Nouri al-Maliki, pictured below, demanding US concessions on the date of the troop withdrawal and immunity for US troops. The pact replaces the UN Security Council resolution enacted after the American invasion of 2003.
The agreement still needs to be approved by the council of Iraqi leaders, the cabinet and the Iraqi parliament. Mr Maliki saw the highly influential Shia religious leader, the Grand Ayatollah Ali al-Sistani, last week and was assured that he would not stand in the way of the pact if approved by parliament.
The accord has been on the verge of being signed several times in the past only for fresh objections to be made by the Iraqi government, which has become increasingly confident of its own strength. A compromise has been reached on whether or not US troops can be tried by an Iraqi court if they commit crimes while not engaged in operations. US troops are to withdraw from Iraqi towns and villages by the middle of next year and from Iraq entirely by the middle of 2011 said the government's spokesman, Ali Dabbagh.
He said: "The withdrawal is to be achieved in three years. In 2011, the government at that time will determine whether it needs a new pact or not, and what type of pact will depend on the challenges it faces."
The US administration will present the pact as a sign of its success in Iraq but in fact the accord is very different from originally envisaged by Washington which would largely have continued the occupation as before.
President Bush was opposed to timelines or dates for an American withdrawal and the US is still stressing that this is conditional on improved security in Iraq. But it is unlikely that the Shia majority will want to share power with the US.
Iraqi politicians have always assumed that Washington's insistence on signing a new accord before the presidential election was motivated by the White House's hope that the accord would be seen as a sign that its Iraq policy had at last produced a success. The Republican contender, Senator John McCain, started off his campaign by saying that US troops might stay for 100 years and there should be no date for their withdrawal. The Democratic candidate, Senator Barack Obama, wants combat troops home by the middle of 2010, which was also the date originally proposed by Mr Maliki.
Iraq has faded as an issue in the presidential election as the financial crisis worsened. However, claims that the Republicans had won a victory in Iraq looked increasingly unreal as it became clear that a withdrawal date would be determined by Mr Maliki, and not by the US.
The US has given ground on crucial issues. On the legal immunity of American troops Mr Dabbagh said: "Inside their bases, they will be under American law. Iraqi judicial law will be implemented in case these forces commit a serious and deliberate felony outside their military bases and when off duty." Contractors, who have more men in Iraq than the US army, will no longer have immunity.
