As if it wasn’t bad and illegal enough to sneak the US into an unconstitutional, undeclared war, Dennis Kucinich explains that the way Obama forced the US into the Libyan war and the way he has executed the US action in the war “….exceeds even the wars powers act…it exceeds the UN mandate.” Kucinich states that “…we have a presidency right now that is dangerously close to being an imperial presidency because what the white house is doing essentially is nullifying the role that Congress has.”
[This video is not a new revelation to me but is an interesting take on what has happened with the 'Tea Party':]
“…disparate groups of no-doubt passionate Americans have been co-opted by either special interests, loud voices looking to make a quick buck, people trying to get rich playing to their anger instead of using that anger to help us all solve this countries obvious corrupt problems.”
“…Sarah Palin right-wing funded bastardization of this understandably angry group”
“…I’d like to see this turn back into what it began as…”
Those of us who were following Ron Paul during the 2008 presidential election know that it was Ron Paul supporters that started the tea party movement with their protest against the “inflation tax” as the fed printed more and more money and devalued the dollar (and continues to do so). On December 16th, 2008 Ron Paul supporters staged a “Tea Party” demonstration, a throwback to the original tea party protest in 1773 where patriots dumped tea into the Boston harbor to protest out of control taxation without representation. During this first modern-day tea party Ron Paul supporters broke the single-day presidential fundraising record by donating over $6 million to Paul’s campaign in 24 hours.
Ron Paul’s movement developed into the Campaign For Liberty. It was from this group’s ideology that the larger spin-off movement called “the tea party” developed. Due to it’s large size and far-reaching voice it became susceptible to other influences and was co-opted by big business interests who feared it’s origins and the core message that Ron Paul and his supporters had started. These outside influences wanted to ensure that Ron Paul’s core ideals did not become mainstream and so they began to slip in other ideas that didn’t fit Ron Paul’s message but that could be used to discredit the tea party. Essentially you started to see the tea party look more and more like neocon Republicans, although some of the original ideas still remain.
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If the banks are borrowing over $437 billion a day from the Fed anyway, what was all the fuss about the $700 billion bailout bill?
Banks borrow record $437.5 billion per day from Fed Reuters, 10.17.08
Banks and dealers’ overall direct borrowings from the Fed averaged a record $437.53 billion per day in the week ended October 15, topping the previous week’s $420.16 billion per day.
Some analysts are concerned that banks’ dependence on Fed lending might become long term and difficult to change.
“The banking system is going to become addicted to this very cheap money. Unwinding it will be very difficult,” said Howard Simons, strategist with Bianco Research in Chicago.
“We have effectively allowed the central banks to disintermediate the banking system. Why would I want to borrow from you if I could do it with the central bank, because they can always print it up and say ‘here’…and they are in the business now of making sure I stay in business,” Simons said.
…Proceeds from the U.S. Treasury’s sales of Treasury bills in the Fed’s supplementary financing account, which are helping to fund the Fed’s support of financial institutions, were $499.13 billion as of October 15, versus $459.25 billion as of October 8.