side note: If you’re pissed, here’s a real easy way to stick it to these wall street banks. Personally, I don’t have my money with one of these banks, I’ve used the same small, local bank since i was 16. If you’re sick and tired of this shit, then do something. Move your Money!

Arianna Huffington and Rob Johnson
http://www.huffingtonpost.com

Last week, over a pre-Christmas dinner, the two of us, along with political strategist Alexis McGill, filmmaker/author Eugene Jarecki, and Nick Penniman of the HuffPost Investigative Fund, began talking about the huge, growing chasm between the fortunes of Wall Street banks and Main Street banks, and started discussing what concrete steps individuals could take to help create a better financial system. Before long, the conversation turned practical, and with some help from friends in the world of bank analysis, a video and website were produced devoted to a simple idea: Move Your Money.

The big banks on Wall Street, propped up by taxpayer money and government guarantees, have had a record year, making record profits while returning to the highly leveraged activities that brought our economy to the brink of disaster. In a slap in the face to taxpayers, they have also cut back on the money they are lending, even though the need to get credit flowing again was one of the main points used in selling the public the bank bailout. But since April, the Big Four banks — JP Morgan/Chase, Citibank, Bank of America, and Wells Fargo — all of which took billions in taxpayer money, have cut lending to businesses by $100 billion. (more…)

side note: I used to watch Washington Journal on CSPAN every morning…they used to have some real good moderators…..then something happened and they got this new woman who is a nutjob righty who hides behind her nice clothes and pretty face…but from time to time that righty side of hers comes screaming out. Which you’ll see in the video below, she doesn’t even flinch at the callers question/comments….and either does that piece of shit Senator John Barrasso from Wyoming. As Bob Cesca said on his blog: “This is jaw-droppingly creepy and awful. Even for teabaggers.”

side note: Another great article from Matt Taibbi…read this over lunch, and even though I knew some this stuff, it was filled with tidbits that blew my mind. This has been my biggest issue with President Obama. He either doesn’t understand economics, which I don’t think is correct…..or, after a few years in DC…he has fallen prey to the establishment. I highly recommend you head over to Rolling Stone’s site and check out the article there…has some links and people have already posted comments. Plus…it’s a really cool site with tons of content. We need President Obama to wake up and realize that he needs to deal with the criminals who are currently implementing their economic ideology…which is to continue to fund the rich and fuck the middle class and poor.

by MATT TAIBBI
RollingStone.com

Watch Matt Taibbi discuss “The Big Sellout” in a video on his blog, Taibblog.

Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided with wealthy bankers “at the expense of hardworking Americans.” Obama may not have run to the left of Samuel Gompers or Cesar Chavez, but it’s not like you saw him on the campaign trail flanked by bankers from Citigroup and Goldman Sachs. What inspired supporters who pushed him to his historic win was the sense that a genuine outsider was finally breaking into an exclusive club, that walls were being torn down, that things were, for lack of a better or more specific term, changing.

Then he got elected.

What’s taken place in the year since Obama won the presidency has turned out to be one of the most dramatic political about-faces in our history. Elected in the midst of a crushing economic crisis brought on by a decade of orgiastic deregulation and unchecked greed, Obama had a clear mandate to rein in Wall Street and remake the entire structure of the American economy. What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the first place. This new team of bubble-fattened ex-bankers and laissez-faire intellectuals then proceeded to sell us all out, instituting a massive, trickle-up bailout and systematically gutting regulatory reform from the inside.

How could Obama let this happen? Is he just a rookie in the political big leagues, hoodwinked by Beltway old-timers? Or is the vacillating, ineffectual servant of banking interests we’ve been seeing on TV this fall who Obama really is?

Whatever the president’s real motives are, the extensive series of loophole-rich financial “reforms” that the Democrats are currently pushing may ultimately do more harm than good. In fact, some parts of the new reforms border on insanity, threatening to vastly amplify Wall Street’s political power by institutionalizing the taxpayer’s role as a welfare provider for the financial-services industry. At one point in the debate, Obama’s top economic advisers demanded the power to award future bailouts without even going to Congress for approval — and without providing taxpayers a single dime in equity on the deals. (more…)

side note: This is the only main stream show out there of it’s kind that seems to want to make a difference with the huge, mainly unspoken problem in this country: extreme obesity. We have a lot of sick people who need to learn how to eat and exercise…..this show is proof that it doesn’t matter how big you are, or your age….it’s never to late to grab control back. If you struggle with your weight, like I had for a long time, then give this show a try…..it has good tips on eating and exercise, as well as some motivating stories.

side note: You god damn right I refer to those nimwits watching fox as idiots…..they’re lucky I’m in a good mood, b/c they deserve a lot worse!

side note: An awesome article from Vanity Fair, check out their site b/c they have quite a few links backing up some of the facts in this story. I’m a bit torn on this….on one side, I agree with Prince that if he was truly a CIA asset, then he should have the same legal protections as Valerie Plame did….granted her cover was blown based upon politics and he never mentioned this in the article. On the other side of the coin, I’m a true believer in our laws…and that we are governed by those laws and even in times of crisis, we shouldn’t abandon them. Erik Prince is/was a mercenary that broke countless US and international laws. If he does it with the consent of the sitting government……does he get a pass? I don’t believe so…..but that’s just my opinion. What frightens me the most about Blackwater is they were not just working for the US government….they can be contracted by any foreign government as well. To me, that’s a conflict of interest. In addition….he’s someone who clearly sits with the right-wing croud, and I truly believe they have let the American people down by trampling our Constitution that believes in the seperation of powers…..and a host of other illegal acts they have committed to further their agenda.

BY ADAM CIRALSKY
Vanity Fair
JANUARY 2010
Erik Prince, recently outed as a participant in a C.I.A. assassination program, has gained notoriety as head of the military-contracting juggernaut Blackwater, a company dogged by a grand-jury investigation, bribery accusations, and the voluntary-manslaughter trial of five ex-employees, set for next month. Lashing back at his critics, the wealthy former navy seal takes the author inside his operation in the U.S. and Afghanistan, revealing the role he’s been playing in America’s war on terror.

I put myself and my company at the C.I.A.’s disposal for some very risky missions,” says Erik Prince as he surveys his heavily fortified, 7,000-acre compound in rural Moyock, North Carolina. “But when it became politically expedient to do so, someone threw me under the bus.” Prince—the founder of Blackwater, the world’s most notorious private military contractor—is royally steamed. He wants to vent. And he wants you to hear him vent.

Erik Prince has an image problem—the kind that’s impervious to a Madison Avenue makeover. The 40-year-old heir to a Michigan auto-parts fortune, and a former navy seal, he has had the distinction of being vilified recently both in life and in art. In Washington, Prince has become a scapegoat for some of the Bush administration’s misadventures in Iraq—though Blackwater’s own deeds have also come in for withering criticism. Congressmen and lawyers, human-rights groups and pundits, have described Prince as a war profiteer, one who has assembled a rogue fighting force capable of toppling governments. His employees have been repeatedly accused of using excessive, even deadly force in Iraq; many Iraqis, in fact, have died during encounters with Blackwater. And in November, as a North Carolina grand jury was considering a raft of charges against the company, as a half-dozen civil suits were brewing in Virginia, and as five former Blackwater staffers were preparing for trial for their roles in the deaths of 17 Iraqis, The New York Times reported in a page-one story that Prince’s firm, in the aftermath of the tragedy, had sought to bribe Iraqi officials for their compliance, charges which Prince calls “lies … undocumented, unsubstantiated [and] anonymous.” (So infamous is the Blackwater brand that even the Taliban have floated far-fetched conspiracy theories, accusing the company of engaging in suicide bombings in Pakistan.) (more…)

Side Note: as most of you know, NT editors went out to Denver over the summer this year and went to Red Rocks for the sts9 show. Pretty Lights opened. this is a short clip, with great shots of the crowd. enjoy!

side note: We were talking about this at the office today. The scenario we imagined starts at about 50 seconds.

side note: The problem with most Americans is that they have no friggin memory! This is why politicians can get away with the same bullshit over and over and over again. How many times did we hear from a high ranking general that “next year we should be able to start pulling troops out of Iraq”? You wanna know how many? Count up the number of years we were in Iraq under Bush….there’s your answer! This is one reason I left the Democratic party…..they would say similar things to the public and then they’d wait for our dumbass populace to forget, and then repeat. I do think President Obama has done some good in cleaning up DC, he isn’t God, so to change the culture in a town like that is one tough task…..he is getting rid of lobbyists that help create policy that benefits their corporations….but he promised us he’d do more during his campaign, and you know what, I expect it!
BTW..this article at Salon’s site has tons of external links siting sources, check em’ out.

Glenn Greenwald
Salon.com
The “new” approach to Afghanistan touted by White House officials seems quite old

In order to prepare Americans for Obama’s Afghanistan escalation speech tonight at West Point (at least he’s not wearing a fighter pilot costume), White House officials have been dispatched to speak to the media (anonymously, of course) to preview all of the new and exciting aspects of the President’s plan. As a result, media accounts are filled with claims that there are major changes ordered by Obama that will transform our approach there.

But to anyone with a memory that extends back for more than a few weeks, all of this seems anything but new. In December, 2007, George Bush delivered a speech to the nation announcing his escalation in Iraq — that one only 20,000 troops, compared to the 30,000-40,000 Obama has ordered for Afghanistan. It’s worthwhile to compare what Obama officials are excitedly featuring as new and innovative ideas with what Bush said; I’m not comparing the Iraq and Afghan escalations: only the rhetoric used to justify them.

ABC News: “While tomorrow night’s speech will have many audiences … a senior administration official tells ABC News one key message will resonate with all of them: ‘The era of the blank check for President Karzai is over. . . The president will talk about, this not being ‘an open ended commitment’…” Bush:

I have made it clear to the Prime Minister and Iraq’s other leaders that America’s commitment is not open-ended. If the Iraqi government does not follow through on its promises, it will lose the support of the American people — and it will lose the support of the Iraqi people. Now is the time to act.
(more…)

side note: Another great article by the folks at TNR. I have been sick of the “Common Sense” argument for years…and frankly, I don’t know what the hell it means when tools like Beck, Hannity and Limbaugh use. They wouldn’t know common sense if it jumped up and bit them in the face.

by Damon Linker
The New Republic

Conservatives would have us believe that they hold a monopoly on common sense. Rush Limbaugh, Sean Hannity, Bill O’Reilly, and many other right-wing rabble-rousers regularly portray themselves as defenders of the good, old-fashioned common sense of average Americans against an out-of-touch liberal elite. A growing cadre of ambitious politicians likewise aims to lead a crusade in the name of “commonsense conservatism [1].” Glenn Beck has even gone so far as to publish a runaway bestseller [2] that explicitly piggybacks on Thomas Paine’s Common Sense to argue against the danger of “out-of-control government” and the forces of organized foolishness that would foist it on the American people.

The unanimity is impressive. But it is also ridiculous. The fact is that the right’s appeal to common sense is nonsense. Unfortunately, though, it is a form of nonsense with deep roots in the American past and a very long history of political potency. Whether it continues to prove effective in the future will depend in no small measure on how cogently the rest of America responds.

The United States is a nation founded on an egalitarian creed—on the supposedly self-evident (commonsensical?) truths that all men are created equal and that all legitimate government is based on the consent of the governed. In such a nation, public appeals to authority would be much less persuasive than they had been throughout most of human history. Tradition, the divine right of kings, the will of God as interpreted by his designated clerical representatives—in America none of these authorities would benefit from the deference they have typically enjoyed in other times and places. Add in the ever-increasing social pluralism of modern life, and it becomes perfectly understandable why political actors and commentators in the United States would seek to win public disputes by appeal to the only authority still available—the authority of the people and their common sense. Whether such appeals are coherent is another matter.

In Common Sense, Thomas Paine famously inaugurated the American tradition of attempting to win contentious public arguments by praising the good judgment of average citizens. When Paine’s incendiary pamphlet first appeared, in January 1776, the colonies were divided about whether to declare their independence, with many colonists still loyal to the crown. Those on both sides of the issue recognized that taking up arms against the King of England demanded justification. Those who favored revolution did so for complicated reasons flowing from the ineptness of George III’s rule, which was increasingly viewed as arbitrary, dictatorial, and contrary to the economic interests of the colonies. A few, including Thomas Jefferson and Paine himself, went further, to supplement their case with abstract philosophical arguments about natural rights to life, liberty, property, and the pursuit of happiness. But regardless of the rationale, it was almost universally acknowledged that proposing insurrection against British rule was a profoundly radical act—one involving a dramatic break from precedent and tradition. And yet Paine chose to portray the case for rebellion as transparently obvious—based, in fact, on nothing more than “simple facts, plain arguments, and common sense.” Today Paine’s tract is thought to have done more than any other piece of writing to foment the American Revolution. (more…)