Immer deutlicher sichtbar: Obama „dreht durch“
Budapest weist IWF zurück
Hungary Tells the IMF to Get Lost
Kesha Rogers Mounts in Polls
Russia Funds Ambitious New Cosmodrome
Obamas Popularität sinkt weiter, die Entscheidung rückt näher
Elite Russian Magazine Features LaRouche's 1995 Speech to Duma
Obama in the Bunker as Cities and States Collapse
"Strategy of Tension" in Italy Was Made in London
EU-Rettungsaktionen sind verfassungswidrig - die Bürger müssen mobilisieren
Der nächste Schritt: Wiederaufbau der Realwirtschaft
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Since the smashing defeats of the Democratic gubernatorial candidates in New Jersey and Virginia on Nov. 3, and the heavy-handed tactics used to push a fascist health care bill through the House four days later, an increasing number of Democrats threaten to jump ship – if only for fear of losing their seat in the 2010 elections. Meanwhile, the mass strike is expanding throughout the country.
The major cause of popular anger, besides the health care reform, is the outrageous bailout policy of the banks on the backdrop of soaring unemployment. On Nov. 17, Democratic Rep. John Conyers of Michigan announced in an op-ed that he "will introduce a modernized and updated version of the Glass-Steagall Act to the Congress." That Act, passed under Franklin Delano Roosevelt in 1934, was repealed in 1999 at the instigation of Larry Summers, who is now chief economic advisor to President Obama, leading to the wild speculation and financial derivatives bubbles which crashed the world economy by 2007.
Conyers specified that former Federal Reserve chairman Paul Volcker, and economists Joseph Stiglitz and Nouriel Roubini agree with him "that the Glass-Steagall firewall must be restored" between protected commercial, depository banking and "investment bank" activities in speculation. Lyndon LaRouche's political movement has been calling for a new Glass-Steagall standard since September 2008 as a sine qua non for any healthy reorganization.
On Nov. 18, an amendment introduced by Rep. Paul Kanjorski, which he has associated with Glass-Steagall, passed the House Financial Services Committee. But that text would only give future banking regulators the power to break up "systemically large" bank conglomerates if they wish to, without establishing the legal separation of "casino banking" hedge funds, equity funds, etc., from depository banking.
The same day, Rep. Peter DeFazio proposed that both Secretary of the Treasury Timothy Geithner and White House economic policy director Larry Summers should be replaced, speaking on the Ed Schultz show at MSNBC. "We may have to sacrifice just two more jobs to get millions back" for Americans, he said. President Barack Obama "is being failed by his economic team," and therefore those two must go.
DeFazio, who is a prominent member of the Congressional Progressive Caucus, DeFazio struck tones recalling LaRouche's long-standing proposals: "I think there is a growing consensus in the [Democratic] caucus [that] we need a new economic team that cares more about jobs, Main Street and the American people than it does about Wall Street and huge bonuses." He suggested that the government "reclaim the unspent funds ... reclaim some of the funds that are being paid back, which will not be paid back in full, and we use it to put people back to work rebuilding America's infrastructure."
In fact, the number of people being thrown out of work with no protection, has reached dramatic dimensions. Over 5 million jobs have been lost just since President Obama came into power. And the White House claims to have created 600,000 jobs have been exposed as completely fraudulent. Tens of thousands of exaggerated and imaginary jobs were made up by recipients of "stimulus" money. On Nov. 17, the Administration defensively dropped 60,000 out of the figure, reducing it by 10% for now, but the reality is even worse.
The following day, Appropriations Committee chairman Rep. David Obey, a Democrat, railed against the White House: "The inaccuracies on recovery.gov that have come to light are outrageous and the Administration owes itself, the Congress, and every American a commitment to work night and day to correct the ludicrous mistakes. We designed the Recovery Act to be open and transparent, and I expect the Board... to have information that is accurate, reliable and understandable to the American public. Whether the numbers are good news or bad news, I want the honest numbers and I want them now." So, more lies and cover-ups from the White House.
Immer deutlicher sichtbar: Obama „dreht durch“
US-Präsident Barack Obama, der schon immer eine anfällige, narzißtische Persönlichkeit war, dreht nun offenbar psychologisch durch. Er und sein engster Kreis brüsten sich zwar mit seinen „erfolgreiche... [weiter]
Budapest weist IWF zurück
Am 22.7. stimmte das ungarische Parlament mit überwältigender Mehrheit von 301:12 Stimmen (bei 386 Mitgliedern) für das Gesetzespaket von Ministerpräsident Viktor Orban für eine „nationale wirtschaftl... [weiter]
Hungary Tells the IMF to Get Lost
On July 22, the 386-member national parliament of Hungary passed the "national economic revolution" package of Prime Minister Viktor Orban with an overwhelming majority of 301 to 12 votes and one abst... [weiter]
Kesha Rogers Mounts in Polls
The first poll numbers released for the Texas Congressional races caused a stir in "official" circles of both parties, including the results for Kesha Rogers, the Democratic Party nominee in the 22nd ... [weiter]
Russia Funds Ambitious New Cosmodrome
While a certain faction of the Russian leadership around Anatoli Chubais clings to the illusion of creating a new nanotechnology and financial services bubble, others are moving ahead to build up the ... [weiter]
Obamas Popularität sinkt weiter, die Entscheidung rückt näher
Nach der Verabschiedung von Präsident Obamas Finanzreform in den USA am 15.7. wurde an der Wallstreet und der Londoner City gefeiert. Auch wenn sich die meisten Europäer noch Illusionen hingeben: Die ... [weiter]
Elite Russian Magazine Features LaRouche's 1995 Speech to Duma
The July 14 issue of the Russian monthly VVP published an article titled, "Endgame for Financial Globalization", written by Alexei Perochinny and other experts in the "Global Adventure" researc... [weiter]
Obama in the Bunker as Cities and States Collapse
With passage of the Obama financial reform bill on July 15, the champagne bottles were uncorked on Wall Street and in the City of London. Contrary to the illusions of most Europeans, the financial com... [weiter]
"Strategy of Tension" in Italy Was Made in London
The "unspeakable truths" of Italian postwar terrorism are presented in a new book by one of Italy's most famous prosecutors, Rosario Priore, and journalist Giovanni Fasanella. Over the past 30 years, ... [weiter]
EU-Rettungsaktionen sind verfassungswidrig -
die Bürger müssen mobilisieren
Am 7.7. stellten die vier „Anti-Euro-Professoren“ Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider und Joachim Starbatty in Berlin in einer Pressekonferenz ihre erweiterte Verfassungskl... [weiter]
The EU Bailout Is Illegal and Unconstitutional!
EIR at Press Conference of Anti-Euro Professors
The four “anti-euro professors” in Germany – Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider, and Joachim Starbatty – held a press conference in Berlin July 7, to announce that they ha... [weiter]
More Action against the Euro: “The Protective Shield from Brussels Will Not Save the Currency Union!”
The five German plaintiffs in the case against the EU bailout at the Constitutional Court — Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider, Dieter Spethmann and Joachim Starbatty — ... [weiter]
EIR Confronts Trichet, Who Defends
Bankers' Law against Constitutional Law
Asked by EIR, at his monthly press conference in Frankfurt, about the Constitutional challenge against the European “financial safety net” filed by the “Four anti-euro professors” in Germany, E... [weiter]
