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Despite record unemployment, Congress votes to spend taxpayer money on war

With real unemployment at around 22% and the recent admission that Goldman Sachs gave billions of dollars of the ‘bailout’ money they received from taxpayers to “overseas banks, hedge funds and pensions“, how can Congress possibly vote to spend another $37 billion of taxpayer money on wars that only create more enemies for the US? Will Congress ever stop selling out the America people?

Not only was the new war spending bill approved by the House, there was also a domestic spending package originally attached to the bill (which ‘contained a variety of domestic spending measures, including $10 billion for a fund to avoid layoffs of teachers, $5 billion for Pell Grants for low-income college students and $1 billion for a program to help teenagers and young adults get summer jobs’ ) that was cut from the approved version.

Ron Paul and Dennis Kucinich join forces to push for U.S. withdrawal from Pakistan

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Amy Goodman on Obama, Gaza attack, BP oil spill, & corporate-controlled media

Given her track record, Goodman is definitely someone who is motivated by principle and not by corporate sponsorship. Here she gives her views on Obama—  specificially saying that he is an “enormous disappointment” on the issue of expanded wars, bank bailouts, unemployment, torture, and his handling of the BP oil spill.

“I think the media has to be independent, it’s brought to us by corporations in the United States… when media is covering war they’re brought to you by weapons manufacturers, when they’re covering the oil spill in the Gulf of Mexico they’re brought to you by the oil companies, when were covering the massy coal explosion in West Virginia they’re brought to you by the coal industry, they’re brought to you by the gas industry…”

“Economists” declare recession began a year ago

An article on Marketwatch.com today notes that the recession began a year ago.

The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday.

The economy reached a peak of activity in December 2007 and has been declining since, according to the business cycle dating committee of the NBER.

The government, academics and the private sector generally defer to the NBER’s judgments about recessions.

The committee does not judge a recession as two consecutive quarterly declines in gross domestic product; rather, it examines quarterly data along with four key monthly economic indicators: employment, incomes, industrial output and sales.

Employment and incomes peaked in December, industrial output peaked in January, and sales peaked in June, the NBER committee said.

The committee’s definition of a recession is as follows: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.”

No kidding. Thats why I made this post a year ago warning about an impending recession (or depression). Seriously, how much are they paying these people?

The important point here is that with this admission there’s the underlying reality that pretty much every official government and media source has been either completely wrong or blatantly lying to us for the past year saying the “economy is great”. More analysis here.