Despite everything that's going on, congressional Republican leaders are trying to bully Ben Bernanke to not interfere in the economy. Or else. Bernanke is going to announce a plan today, I think, that will lower consumer interest rates even further.
David Frum wrote a scathing takedown of the Republican sabotage here. Ezra Klein's take is here.
Meanwhile, it's increasingly likely there will be a Republican president elected in 2012. According to the new CNN poll, independents are seriously leaning Republican with 53 percent support for Random Republican X and only 28 percent support for the president.
The sabotage is working. Sadly. It's truly astonishing how the Republicans are getting away with this. By rights, they should be summarily removed from office by throngs of screaming (unemployed, bankrupt) voters. The Republicans have successfully pulled off one of the biggest marketing coups of all time: deliberately sabotage the economy and make voters think it's the other side's fault.
Higher taxes on rich people means more revenue which means more spending on projects that stimulate job creation and economic growth — a proposal called The American Jobs Act, for example.
They can steal a lot of elections with that money.
If you're curious about why their wealth has grown so much so fast, it's apparently because of speculation on the energy markets. Lot's and lots of job creation right there.
THIS is why we have to have neverending wars... so we can keep blowing people's shit up. It's just too bad we have to blow so many of them up WITH their shit.
We go to foreign countries and blow all their shit up and then the billionaires running our Military Industrial Complex get richer yet by selling them replacements for the shit we blew up. Latest example? Flying machines.
U.S. to sell 18 F-16 fighter jets to Iraq: Pentagon
The United States is "very close" to sealing a deal to sell 18 F-16 fighter jets to Iraq, a top Pentagon official announced Wednesday.Iraq had frozen the $4.2 billion deal earlier this year amid the Arab Spring pro-democracy uprisings, but the prospects were "promising" for the contract to now move ahead, said General Russ Handy, head of the US air forces in Iraq.
"They are seeking to buy a larger number of F-16s (than) they had originally, up to 36," he told reporters.
"This first letter of offer and acceptance is for 18 of them, so we hope to hear very soon, but no final word yet on that."
The US military mission in Iraq is winding down ahead of a complete pullout of American troops by the end of the year but Washington is keen to sell as much equipment to Baghdad's fledgling security forces as possible.
The United States Department Of War Defense_Making the world safe profitable for General Dynamics.
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POLL: 69 Percent Of Israelis Say Israel Should Accept U.N. Recognition Of Palestinian State | A joint poll by the Harry S. Truman Research Institute for the Advancement of Peace at the Hebrew University in Jerusalem and the Palestinian Center for Policy and Survey Research in the Occupied Palestinian Territories found that 69 percent of Israelis think that their country should accept United Nations recognition of an independent Palestinian state, according the Jerusalem Post. The survey also found that 83 percent of Palestinians supported the U.N. bid. Six hundred Israelis and 1,200 Palestinians in the Occupied Territories participated in the poll. Of the Israelis that sided with accepting the U.N. decision, 34 percent said Israel should start negotiating with the Palestinians and 35 percent said the Palestinians should not be allowed to change dynamics on the ground.
And in a related story...
Israeli Prime Minister Benjamin Netanyahu said yesterday that President Obama deserves "a badge of honor" for his opposition to Palestinian statehood recognition at the U.N. Agreeing that Palestinians and Israelis should negotiate a settlement, Netanyahu said Palestinians "are not prepared yet to give peace to Israel in return."
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In an embarrassing setback for Speaker John Boehner (R-OH), 48 rank-and-file Republicans voted against their leadership's temporary spending bill last night. The revolt underscores Boehner's lack of control over his own caucus and the GOP's need to get Democrats on board to govern. The speaker even threatened to strip Republicans of their committee assignments if they didn't toe the party line, to no avail.
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