Just Kidding...

Posted by on February 2, 2006 at 09:26 AM

I wonder what else the president didn't "mean literally" during the State of the Union Address. The Philadelphia Inquirer:

What the President said in his State in the Union speech is not quite what he meant, two aides said.

WASHINGTON - One day after President Bush vowed to reduce America's dependence on Middle East oil by cutting imports from there 75 percent by 2025, his energy secretary and national economic adviser said the President did not mean it literally.

What the President meant, they said in a conference call with reporters, was that alternative fuels could displace an amount of oil imports equivalent to most of what America is expected to import from the Middle East in 2025.

Unfortunately, I don't think the Energy Secretary meant literally that the United States would do everything necessary to displace Middle East oil for alternative fuels. The New York Times reports:

The Energy Department will begin laying off researchers at the National Renewable Energy Laboratory in the next week or two because of cuts to its budget.

A veteran researcher said the staff had been told that the cuts would be concentrated among researchers in wind and biomass, which includes ethanol. Those are two of the technologies that Mr. Bush cited on Tuesday night as holding the promise to replace part of the nation's oil imports.

Had I have known we didn't have to take the president at his word Tuesday evening, I would have just watched a movie instead.

Comments (41) «

IMPEACH ALL THE FLAMING LIARS!!!

Good Morning, Folks!

1
Trisha on February 2, 2006 at 09:46 AM

I guess someone should have let Saudi Arabia in on the joke too--

Diplomatically, Mr. Bush's ambitious call for the replacement of 75 percent of the United States' Mideast oil imports with ethanol and other energy sources by 2025 upset Saudi Arabia, the main American oil supplier in the Persian Gulf. In an interview on Wednesday, the Saudi ambassador to Washington, Prince Turki al-Faisal, said he would have to ask Mr. Bush's office "what he exactly meant by that."
2
Corinne on February 2, 2006 at 09:56 AM

Did anyone think Bush would do anything but lie during the SOTU speech?

If I were the Saudis, I'd diversify into other things while slowly cutting back on production...and from time to time join with OPEC in an oil embargo just to get even with Bush and the American oil giants.

There is no way the Muslim fundamentalists are not going to squeezed us for the crimes this administation has committed in the last few years. They are quickly finding out that they can cause us a lot more grief economically and politically than with terrorism. It's a matter of time before the Russians and Chinese leverage this to their advantage.

3
SandyH on February 2, 2006 at 10:13 AM

Can somebody please do the Math? How many pounds of corn does it take to produce enough ethonal to replace a gallon of gas?

Another question to contemplate.

Compared to how much the American public uses in just gasoline for 1 year currently, how many acres of corn would we have to produce? Then how many acres/the time it takes to produce the corn and harvest it then process it into ethonal?

Just using corn as one example because the Prez uses it very frequently.

4
AmercnWmn on February 2, 2006 at 10:15 AM

I don't mean to be a Smart Ass. I'm just curious.

5
AmercnWmn on February 2, 2006 at 10:16 AM

good morning! what do you know. Bush caught lying again. And his kool aid drinkers were wrong, too. looks like the warm glow from the SOTU didn't last very long.

Specialists doubt legality of wiretaps
Many rebut assertion of presidential powers

WASHINGTON -- Legal specialists yesterday questioned the accuracy of President Bush's sweeping contentions about the legality of his domestic spying program, particularly his assertion in his State of the Union speech on Tuesday that ''previous presidents have used the same constitutional authority I have."


But legal specialists said yesterday that wiretaps ordered by previous presidents were put in place before warrants were required for investigations involving national security. Since Congress passed the law requiring warrants in 1978, no president but Bush has defied it, specialists said.

Bush's contention that past presidents did the same thing as he has done ''is either intentionally misleading or downright false," said David Cole, a Georgetown University law professor. Only Bush has made the assertion that his wartime powers should supersede an act of Congress, Cole said.


But Bush's comments in the State of the Union, which highlighted a week of election-style campaigning to defend the program, were almost entirely disputed yesterday by legal specialists across the ideological spectrum.

For example, Bush strongly implied that if his program had been in place before the terrorist attacks, the government would have identified two of the hijackers who were placing international calls from inside the United States.

But the 9/11 Commission found that the government had already grown suspicious about both of the hijackers in question before the attacks took place. Bureaucratic failures to share information about the hijackers, not ignorance of their existence, was the problem, the commission said.

Moreover, Bush said in his address that ''appropriate members of Congress have been kept informed" about the program. But Senator Arlen Specter, a Pennsylvania Republican and chairman of the Judiciary Committee, has said that under law Bush was required to brief all members of the intelligence committees -- not just their leaders, as he did.

Bush's assertion that his program was legal prompted a group of 14 prominent law professors, including both liberals and conservatives, to pen a joint letter objecting to his arguments. An expanded version of their letter rebutting Bush's assertions will be released today, the professors said.

Richard Epstein, a University of Chicago law professor and a member of the group, said he believes the Supreme Court would reject Bush's assertions that his wartime powers authorized him to override the law.

''I find every bit of this legal argument disingenuous," Epstein said. ''The president's position is essentially that [Congress] is not doing the right thing, so I'm going to act on my own."

The White House referred all questions about the spying section of Bush's speech to the Justice Department, where spokeswoman Tasia Scolinos acknowledged yesterday that all of the surveillance programs approved by past presidents pre-dated the warrant requirement.

But, she said, no court has said the 1978 the law changes the president's inherent constitutional power to conduct surveillance for national security purposes. And she said a 2002 opinion by a secret federal court acknowledged that the president had sweeping surveillance powers.

But Cole, the Georgetown professor, said the Bush administration is misstating the ruling in the 2002 case, including its requirement that the Justice Department seek warrants in national security cases. Cole said the case supported the notion that Congress could regulate the president's use of his surveillance powers.


Yesterday, some of Bush's defenders pointed out on conservative websites that the Clinton administration had authorized a search of the home of Aldrich Ames, a suspected Soviet spy, without a warrant in 1993.

But legal specialists said the Ames case is irrelevant because it involved a physical search of Ames's home, and the 1978 law did not require warrants for physical searches. The year after the Ames search, 1994, the law was amended to require warrants for physical searches and wiretaps.

Philip Heymann, a Harvard law professor who was then the deputy US attorney general and helped oversee the Ames investigation, said the Clinton administration began seeking warrants for physical searches as soon as the new law went into effect.

''The bottom line is, I know of no electronic surveillance for intelligence purposes since [the 1978 warrant law] was passed that was not done under the . . . statute," Heymann said.

http://www.boston.com/news/nation/washington/articles/2006/02/02/specialists_doubt_legality_of_wiretaps/

6
bb on February 2, 2006 at 10:21 AM

what would be wrong with having a point person on each issue? Murtha on Iraq, Kennedy on Health, Biden on Judiciary, Boxer on Women's rights, Kaine on Education (or potholes or whatever a Govenor controls these days). Pick the right person for the issue. But PLEEEZE, next time, pick the right spokesperson for the Demo response -- should have been Dean (the head of the party for crying out loud) or Murtha (on the biggest single issue facing America today).
Posted by: tiredfed on February 02, 2006 at 11:00am (HUFFPO)

7
TiredFed on February 2, 2006 at 11:08 AM

OIL! Bush SAYS WE’RE ADDICTED I SAY WE ARE BEING HELD PRISONERS

First a bit off topic. rich lowery, editor of right wing "national review," should have his picture made as POSTERBOY not for "neocon's" but just plain "con's" as in "conman," parrots for bush and the right wing elite. It was because of punks like bush and his parrots like Lowery, slush limbaugh, and ann da ho coulter that I resigned from the republican party.

Now. mr. turn the white houe into an outhouse bush has the gall to get on T V and tell us "America (Americans) are addicted to oil."
Well mr. g w knowitall oil slick bush name just one other "CURRENT" "AFFORDABLE TO ALL" choice U S citizens have available to them in order to withdraw from oil.

There are "people", loose term for oil trash, in the U S that ARE addicted to oil and the tens of billions of dollars per quarter it brings in and you can find them all in the whitehouse, washington d c and the penthouse offices of every oil company in the U S A.

It is these aformentioned slime that refuse to develop, bury already invented developments, and plug up every hole for any serious efforts much less ongoing developments for alternative energy sources.

One of the reasons solar power isn't being seriously developed and going anywhere is because the oil companies aka "energy producers" cannot get the government to grant them license to sunlight and put it under their control. Check that out for yourselves. It's a fact. They tried to get license on sunlight back in the 70's and were refused.

If the energy producers ever convince the government to actually license sunlight to them you will see solar energy power cells on every rooftop and acre of open land in America and the power resulting from them being sold at premium prices to "power users" just like the coal, gas, and nuclear power is being sold today.

WE ARE being held prisoner by these people in washington and in the oil companies.

If this was not true, then these elected pootheads in washington that are supposedly our government representatives representing ALL THE PEOPLE, would be giving out large block grants in droves to anyone that had a legitimate idea or patented invention for alternative energy sources and supplies. The strongest dynamic force on the planet to generate electric power has been totally ignored...OCEAN CURRENTS. The Atlantic Gulf Stream alone could be developed to drive generators to power the entire planet.

Argue with this neocons!

8
TomP46 on February 2, 2006 at 11:16 AM

People may or may not have noticed...but I won't even use capital letters when typing the name of a fly in circles right winger.

they don't deserve even that much dignity.

9
TomP46 on February 2, 2006 at 11:26 AM

TWO POSTS FROM MY OWN BLOG AND PLASTERED ALL OVER THE WEB:

Thursday, January 26, 2006
BLACK LAW

I have to admit that my Black's Law Dictionary is a little old 1979 5th addition and doesn't even have the word terorist in it.

However, the newest, Black's Law Dictionary ,7th Edition published 2004 has the word "terrorism" defined as:

terrorism, n, The use or threat of violence to intimidate or cause panic, esp. as a means of affecting political conduct.

Question: Does the bush administration's use of and periodic raising of the "threat of violence" level(s) constitute intimidation and/or cause panic as a means of affecting (by legal definition: To act upon, influence, change, enlarge or abridge) political conduct? Keywords: "AFFECTING act upon and/or influence POLITICAL CONDUCT."

Personal opinion: Yes. How could it not be?

Everytime the "threat level" is raised by "the administration" and directed to media attention and mentioned on air publically, X number of people here in the U S "are influenced" and intimidated at the very least.

Is my thinking wrong here?

Comments?
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posted by Tom Pearson | 11:03 AM | 0 comments

Wednesday, January 25, 2006


WOULD YOU HIRE THIS MAN TO RUN YOUR BUSINESS FOR "YOU"

Imagine you were Donald Trump, or any other business magnate looking for someone to become president of one of your companies. And while reviewing "his" resume you come to the following entries:
College: Graduated but if it wasn't for bell curve grading would have flunked big time.

Never ever held a real job but with daddy's help and money I opened my first company which went bankrupt and totally failed due to my inexperience and sheer incompetence..

Now after I became a REAL business man, I had a company didn't I, with daddy's help and more money, and some foreigners money, I opened my second company which was gutted by me and it went bankrupt and failed.
Then I did the same thing two or three other businesses skimming off and hiding as much money as I could..
After that, with daddy's help again I was put on the board of directors of a company that did not fail, but I was also put on that board of directors, because that way I cpuld be kept under complete control and couldn't do anything to damage the company. This was the way I could accumulate enough money to invest in a professional baseball team as a 2% owner where I could brag to my friends and give away sky boxes seats and have parties for the people that were giving me money to run for governor of my state..because daddy and the National Republican Party wanted me and one of my brothers to be groomed and follow in his political footsteps and become president of The United States like he had been...for one term.

Then I was elected governor of my state (even though I never served a day in public service other than to help dad and the people dad told me to help even if I had to transfer to another state while I was in the Air National Guard to do it) and with the help of other republicans just like myself we ruined the state. WIll furnish some details on request.

During my second term as governor, even though I promised the people of my state I wouldn't quit, I did quit, because I decided, actually daddy, and those foreigners who loaned me money, and the elitist in the republican party decided for me, to run for president in 1999...AND I WON!

Then in 2001 after I had been president for over a year, two of our cities, New York, and washington d c were attacked and lucky for me on a day I was in florida. So even if I didn't know for sure (heh heh) who was really behind the attacks I decided to declare war on terrorism. Then I sent American troops to Afghanistan to kill the guy that took credit for the attacks. Will furnish details on request.

This got me reelected too for my second term as president where in 2003, and because I lost interest in finding the bad guy that took credit for the attacks in 2001 and found something easier to do, I got to declare war on a nation (right next door to those foreigners that loaned me money for my failed businesses) that had absolutely nothing to do with the attacks on the United States, a nation that had already been beaten to its knees by my daddy's war in 1991 and has NEVER recovered due to international inspectors searching for stuff and sanctions placed against it. What I told the U S citizen's the reason I declared war against that nation was because I was told that the mean old guy running that country HAD (not may have) weapons of mass desruction of all types, atomic, biological, and chemical. A few weeks after they war started I declared to the troops and the people of the United States "Mission Accomplished." But here it is 2006 and them people just won't quit fighting for some reason. Will furnish additional details on request.

Now...since I can't become president for life or king, and since I'm going to be out of a job in January 2009 I am submitting this resume to you so you can hire me and let me run one of your companies.

THAT'S ONE HELL OF A RESUME! And this is the same man that fouled up every private business enterprise he entered and remained under his personal control. This is the same guy that was elected governor of a state and ruined it. This is the SAME GUY that a small majority of U S voters elected not once, but twice, to run its business as the nation's chief executive.
Now I ask again:


WOULD YOU HIRE THIS MAN TO "RUIN" YOUR BUSINESS FOR "YOU"

10
TomP46 on February 2, 2006 at 11:31 AM

Sadly the Heartland states could truly benefit from a federally guided intiative to harvest crops for oil. They get very excited about it as it would be a huge boost for their economies.

I hope Bush follows through. But I doubt it.

11
April on February 2, 2006 at 12:06 PM

For: Posted by AmercnWmn on February 2, 2006 at 10:15 AM

"Just using corn as one example because the Prez uses it very frequently. Just using corn as one example because the Prez uses it very frequently.

I don't mean to be a Smart Ass. I'm just curious.
**************************************************


If we ever do get to the point of using ethanol in our tanks I will insist on a car having an referigerated cold straw leading from my gas tank to the center of my steering wheel.

This will keep me out of bars and off expensive bottled and bond booze...LOL Cheers!!

12
TomP46 on February 2, 2006 at 12:07 PM

Oh, no! Not again. New Orleans hit by not one, but two tornadoes over night. One went into the airport, and the other hit a part of the city that was not heavily damaged by Hurricanes five months ago. I swear to God those people's luck is like mine, when it goes bad it stays bad. Prayin' for 'em though!!

13
davidual on February 2, 2006 at 12:07 PM

I don't know how much corn you need to make one gallon of gasoline, but we sure could use it better as fuel than as a filler in our food supply...the stuff is pure carbs and is making us all fat and diabetic.

I'd rather be held over the barrel (so to speak) by the American farmer than by a foreign terrorist running one of those new Theocracies over in the Middle East or the Socicalists in South America -- all who are pissed off by the Bush crime family.

Mega government bucks should be put into research and developement of alternatives but instead the wealthy and corporations are being given welfare. We won't even begin to get started on this problem until the Republicans are out of office, the oil companies realize they can't bribe the Mullahs and Chevez, or when OPEC decides to hit us with another oil embargo.


14
SandyH on February 2, 2006 at 12:10 PM

When does the traditional hurricane season begin? I hate to think about it. Started in May last year, right?

15
SandyH on February 2, 2006 at 12:13 PM

Possible Tornados

NEW ORLEANS, Louisiana (CNN) -- A possible tornado damaged parts of Louis Armstrong New Orleans International Airport and surrounding businesses in pre-dawn hours Thursday in suburban New Orleans, said police in Kenner, west of the city.

16
davidual on February 2, 2006 at 12:17 PM

When does the traditional hurricane season begin? I hate to think about it. Started in May last year, right?

Posted by SandyH on February 2, 2006 at 12:13 PM
**************************************************

All too soon no matter what the date is.

17
TomP46 on February 2, 2006 at 12:18 PM

Two car bomb attacks hit Baghdad

http://news.bbc.co.uk/2/hi/middle_east/4674172.stm

How long will this go on? Obviously Bush has no plan to win the peace and bring our brave men and women home.

18
DemocratKickingAss on February 2, 2006 at 12:19 PM

Posted by DemocratKickingAss on February 2, 2006 at 12:19 PM,

Normally you have an end strategy before you begin, and you realize the end as you reach your initial objective. The Bush administration never had a conclusive strategy fror this conflict, and as proof I offer the lack of current direction.

The end does not justify the means. Rather, one must attain the means to accomplish the end result. Just sayin'.

19
davidual on February 2, 2006 at 12:25 PM

However, in order to attain the means to accomplish the end result, one must first know the end result.

20
davidual on February 2, 2006 at 12:27 PM

Hor: Sandy

Have you ever wondered why no serious effort to develop safe delivery systems, self sealing tanks, and hydrogen as a fuel hasn't been sought?

If a bunch of country moonshine running hicks from Alabama can develop a highly sophisticated race car that can slam into a concrete wall at 200 mph you would think that the genius engineer boys at Ford, GM, and Chrysler could figure out how to make Hydrogen, the most abundant element on the planet safe to use in street driven cars.

But OH! I almost forgot! The U S car manufacturers are in collusion with big oil!

21
TomP46 on February 2, 2006 at 12:28 PM

Sandy H,

Hurricane season runs from May through October, but it is not unusual to have hurricanes in November.

22
davidual on February 2, 2006 at 12:30 PM

For: davidual

Another fact: georgie dubya never read his own daddy's book that plainly stated "If Iraq was invaded that "there would be no viable way to exit."


But after considering the fact geee dubya hasn't gotten beyond "My Pet Goat" level reading does anyone really have to wonder.

23
TomP46 on February 2, 2006 at 12:33 PM

If I trust you Mr. President on the first lie, "Shame On You, Mr President!"
If I am trusting you on the second lie Mr President," Shame on me!"

One lie, Mr President, about your job is one too many to your boss," We The People! Lying about your personal life is one thing and lying to your boss about your job duties, is quite another.

24
freeforall on February 2, 2006 at 12:36 PM

TomP46,

Dumya actually achieved his personal objective by kicking Saddam's ass for his daddy. Now he's playing himself [dumb] looking for an escape route. Hey, we all know that those people have fought ever since the beginning of time, so when dumya leaves and they continue fighting can anyone really blame dumya?

25
davidual on February 2, 2006 at 12:41 PM

davidual on February 2, 2006 at 12:41 PM,

One must conclude: Is dumya really that dumb? It doesn't appear so to me.

26
davidual on February 2, 2006 at 12:45 PM

FLIP -FLOPPING, WAFFLER :)

27
DTree on February 2, 2006 at 12:48 PM

For: davidual

Blame? Yes I, a decorated combat veteran can blame.

As far as I'm concerned the life of one U S GI is worth more than all the Iraqis, living or dead,

There are lots of ways to perpetuate wars among a peoples and I used to do that for a living as a special ops covert operative in a former life.

The plain facts are is that the U S government is famous for starting and perpetuating wars through deception and lies told to its own citizens and the rest of the world. The Korean and Viet Nam conflicts to name just two.

28
TomP46 on February 2, 2006 at 12:49 PM

Just look at his two biggest accomplishments:

Destabilizing the global environment to prop up our fledgling defence industry [it's terrorism stupid].

Destabilizing the oil industry to prop up oil profit margins [it's the market stupid].

29
davidual on February 2, 2006 at 12:51 PM

David here is just a "short list" of covert U S operations...the full list takes lunch dinner and several drinks to read, My career began starting 1963....

Covert operations
[edit]
1950s
1953 The CIA and British MI6, successfully orchestrates the removal of elected Iranian prime minister Mohammed Mossadegh. (see Operation Ajax) [5] [6]
1954: CIA-orchestrated overthrow of elected president Jacobo Arbenz Guzmán in Guatemala (see Operation PBSUCCESS.)
1956 CIA aids Chushi Gangdruk and Tensung Dhanglang Magar's resistance movement. (See Plan for the Peaceful Liberation of Tibet)
1958 Lebanon crisis of 1958
[edit]
1960s
1961 CIA involvement in the assassination of Rafael Leónidas Trujillo. [7] [8] [9]
1961 Bay of Pigs Invasion of Cuba
1961 - 1962 CIA and Department of Defense covert plans and operations, The Cuban Project and Operation Northwoods
1962 - 1974 Secret War in Laos
1963 - 1964 CIA involvement in riots and violence in Guyana in order to undermine the Marxist People's Progressive Party and its leader, Cheddi Jagan.
1967 CIA-organized military operation ends in capture and execution of Che Guevara by the Bolivian Army.
[edit]
1970s
1970: US supported coup against Salvador Allende (See Chilean coup of 1973, Project FUBELT)[10] [11] [12] [13] [14] [15][16]
1975 US support for Mobuto Sese Seko, one of the three liberation groups in Angola
1979 - 1989 CIA support for the Contras. resolution. [17]
1979 - 1989: CIA support of mujahideen rebels in the Afghan-Soviet War.
[edit]
1980s
1981 US sends military advisors to El Salvador [18]
1987-1988 Escort of reflagged Kuwaiti oil tankers in the Persian Gulf. (See Operation Earnest Will)
1987-1988 Covert anti-Iranian operations in the Persian Gulf. (See Operation Prime Chance)

30
TomP46 on February 2, 2006 at 01:02 PM

Oil well!! I must go attend to mhy stomach for it feels as empty as my head, and then retrieve my son from school and get ready to go to work tonight.
Life sucks for a nine year old to have to spend most nights out of his home so his single parent dad can work every shift under the moon for his present employer.
Had we had a progressive government over the past 15 to 20 years people would not still have these parenting problems; male or female, parents are parents gender is definitely neutral here. See ya all later.

31
davidual on February 2, 2006 at 01:02 PM

TomP46,

Your list stops in the 50's, but does not mention the vietnam intervention that was active during that decade. Most people do nt realize that vietnam began in the 50's after France pulled out of the fiasco around 1954. Are you retired now? What was [is] your career? Ifyou don't mind me asking. I must go though. Talk to you later.

32
davidual on February 2, 2006 at 01:08 PM

From CNN today, on the "accidental" deletion of e-mail evidence in the CIA leak investigation:

"The Presidential Records Act, passed by Congress in 1978, made it clear that records generated in the conduct of official duties did not belong to the president or vice president, but were the property of the government."

My question is this:
Doesn't this mean that all the "Executive Priviledge" BS we get from the Executive in chief has not legal basis? How did the lawyers representing the Sierra Club miss this when they sought records of Cheney's secret energy task force?

Doesn't this mean the the president needs to turn over ALL records requested by congress, including the Energy Task Force, th Secret Domestic Spying Program, the Torture Memos, and the Abramhoff photos?

Am I missing something here?

33
DTree on February 2, 2006 at 01:13 PM

For those of you having no life and like to read:

The International Monetary Fund and the World Bank have also been called agents of US foreign intervention, although the US does not set the policies of these institutions unilaterally.

http://en.wikipedia.org/wiki/International_Monetary_Fund


For the complete story and for here only:


Criticism

The role of the two Bretton Woods institutions has been controversial to many since the late Cold War period. Critics claim that IMF policy makers deliberately supported capitalist military dictatorships friendly to American and European corporations. Critics also claim that the IMF is generally apathetic or hostile to their views of democracy, human rights, and labor rights. These criticisms generated a controversy that helped spark the anti-globalization movement. Others claim the IMF has little power to democratize sovereign states, nor is that its stated objective: to advise and promote financial stability. Arguments in favor of the IMF say that economic stability is a precursor to democracy.

Two criticisms from economists have been that financial aid is always bound to so-called "Conditionalities", including Structural Adjustment Programs. Conditionalities, it is claimed, retard social stability and hence inhibit the stated goals of the IMF.

Typically the IMF and its supporters advocate a Keynesian approach. As such, adherents of supply-side economics generally find themselves in open disagreement with the IMF. The IMF frequently advocates currency devaluation, criticized by proponents of supply-side economics as inflationary. Secondly they link higher taxes under "austerity programmes" with economic contraction.

Currency devaluation is recommended by the IMF to the governments of poor nations with struggling economies. Supply-side economists claim these Keynesian IMF policies are destructive to economic prosperity, although many other economists disagree.

Complaints are also directed toward International Monetary Fund gold reserve being undervalued. At its inception in 1945, the IMF pegged gold at 35 dollars per Troy ounce of gold. In 1973 the Nixon administration lifted the fixed asset value of gold in favor of a world market price. Hence the fixed exchange rates of currencies tied to gold were switched to a floating rate, also based on market price and exchange. This largely came about because Petrodollars outside the United States were more than could be backed by the gold at Fort Knox under the fixed exchange rate system. The fixed rate system only served to limit the amount of assistance the organization could use to help debt-ridden countries.

That said, the IMF sometimes advocates "austerity programmes," increasing taxes even when the economy is weak, in order to generate government revenue and balance budget deficits, which is the opposite of Keynesian policy. These policies were criticised by Joseph E. Stiglitz, former chief economist at the World Bank, in his book Globalization and Its Discontents. He argued that by converting to a more Monetarist approach, the fund no longer had a valid purpose, as it was designed to provide funds for countries to carry out Keynesian reflations.

Most altermondialists, like ATTAC, believe that IMF interventions aggravate the poverty and debt of Third World and developing countries. According to the analysis by Yves Engler, the IMF is considered to be responsible for worsening or actually creating famine in Malawi (2002), Ethiopia (2003) and Niger (2005). [1]

Opposition to the IMF is often fragmented. For instance, advocates of supply-side economics would generally regard the policies advocated by ATTAC to be little different in form to the ideas peddled by the IMF. In other words, they would see ATTAC tax-and-spend policies and the IMF's austerity policies as being fundamentally similar.

Argentina, which had been considered by the IMF to be a model country in its compliance to policy proposals by the Bretton Woods institutions, experienced a catastrophic economic crisis in 2001, generally believed to have been caused by IMF-induced budget restrictions — which undercut the government's ability to sustain national infrastructure even in crucial areas such as health, education, and security — and privatization of strategically vital national resources. The crisis added to widespread hatred of this institution in Argentina and other South American countries, with many blaming the IMF for the region's economic problems [2]. The current — as of early 2006 — trend towards moderate left-wing governments in the region and a growing concern with the development of a regional economic policy largely independent of big business pressures has been ascribed to this crisis.

Another example of where IMF Structural Adjustment Programmes aggravated the problem was in Kenya. Before IMF got involved in the country, the Kenya central bank oversaw all currency movement in and out of the country. IMF mandated that Kenya central bank had to allow easier currency movement. However, the adjustment resulted in very little foreign investment, but allowed Kamlesh Manusuklal Damji Pattni, with the help of corrupt government officials, to syphon out billions of Kenya shillings in what came to be known as the Goldenberg scandal, leaving the country in a state worse than that which it was in before the IMF reforms were implemented.

That the IMF intervenes only in countries that experience years of dire economic conditions has certainly hurt its reputation. The financial collapses it intervenes in are products of uneven capitalist development sometimes exacerbated by government mismanagement, but mismanagement is often cited by rich nations as the source of the financial crises. These collapses tend to lead to years of economic difficulty that can be addressed in various ways, but IMF Stuctural Adjustment Policies consistently serve to open up or "liberalize" economies to foreign capital rather than provide for economic recovery through statist policies such as government financed projects to achieve full employment. Thus, IMF policies further the notion that economic development in underdeveloped countries is dependent on attracting foreign investment rather than through a state-managed approach centered on full employment and progressive taxation. It is also true that politicians have used the IMF as an easy target for blame when they themselves have erred, using nationalism to gain easy political points.

Overall the IMF success record is limited. While it was created to help stabilize the global economy, since 1980 over 100 countries have experienced a banking collapse that reduced GDP by four percent or more -- far more than at any previous time in history. The considerable delay in IMF response to a crisis, and the fact that it tends to only respond to rather than prevent them, has led many economists to argue for reform.

Whatever the feelings people in the Western world have for the IMF, research by the Pew Research Center shows that more than 60 percent of Asians and 70 percent of Africans feel that the IMF and the World Bank have a positive effect on their country [3]. Such research has made proponents of IMF claim the IMF-critique misleading, as it would be difficult to speak of suffering if the sufferers don't feel hurt.

The documentary Life and Debt deals with the IMF's policies' influence on Jamaica and its economy, from a critical point of view. .
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For those of you that had the guts to read this far...it must be nice to be a man like alan greenspan that has all the final mony/interest rate say and the ability to print money of any denomination from a one dollar bill to a hundred dollar bill all worthless "Federal Reserve notes backed by wind, sweet bubble up and rainbow stew... for .03 cents each and sell them at face value to the U S Government.

It must be nice indeed!

bush, his administration, and the republican held congress are just three small pieces of a gigantic jigsaw puzzle that few people ever even take a peek at much less work on.

34
TomP46 on February 2, 2006 at 01:27 PM

Oh, no! Not again. New Orleans hit by not one, but two tornadoes over night. One went into the airport, and the other hit a part of the city that was not heavily damaged by Hurricanes five months ago. I swear to God those people's luck is like mine, when it goes bad it stays bad. Prayin' for 'em though!!
Posted by davidual on February 2, 2006 at 12:07 PM

I wonder how long it will take before Pat Robertson or any of the other rapture dorks say that God is working double time against New Orleans because of all the sin going on there!

35
Kathy_in_Indiana on February 2, 2006 at 01:45 PM

Bush lied again during the SOTU? Imagine that, another impeachable event.

Newly elected in red state Virginia, Gov. Kaine, didn't lie during his rebuttal speech. He showed America how a bipartisan Virginia could become the best run state in America.

More importantly, Kaine showed Democrats how to win in November, which is by attracting, not repulsing Republican voters.

However, all he got from his excellent speech was pathetic smears, not from the Rethugs but from Liberals.

No wonder the Republicans are always winning!

Everyone, please reread Gov. Kaine's speech, you missed the point. But first put down your baseball bats and pitchforks.

36
KevinSchmidtVA on February 2, 2006 at 02:39 PM

Bush lied again during the SOTU? Imagine that, another impeachable event.

Newly elected in red state Virginia, Gov. Kaine, didn't lie during his rebuttal speech. He showed America how a bipartisan Virginia could become the best run state in America.

More importantly, Kaine showed Democrats how to win in November, which is by attracting, not repulsing Republican voters.

However, all he got from his excellent speech was pathetic smears, not from the Rethugs but from Liberals.

No wonder the Republicans are always winning!

Everyone, please reread Gov. Kaine's speech, you missed the point. But first put down your baseball bats and pitchforks.

37
KevinSchmidtVA on February 2, 2006 at 02:39 PM

Hey all,

I am back for a quick drive by post regarding the vote in the house for a new majority leader. We were watching CNN and they reported that the first vote was thrown out because too many ballots were cast. I told my son that is about right republicans can't even elect one of their own amongst themselves without cheating. My nine year old son replied back, "OMG! Don't they know that it isn't a game, it's about leadership, it's not like a game of chutes and ladders bing bing bang the first one to the top is president. The government needs leadership like all governments."

I could not believe that pleasant sound going into my ears from his child's voice. But you know what he's right!! If a nine year old child can get it, I think, it makes a good talking point for the Democratic Party.

I do not know where he got this from, but I'm pretty proud right now!!:)

38
davidual on February 2, 2006 at 04:21 PM

is switchgrass sold on e-bay?

anyone know where to go for oil rehabiltation?

prez sed i was addicted to oil ...
what is he addicted to?...lying

IMPEACH BUSH ADMINISTRATION NOW! TREASON IS THE REAS0ON!

39
wackat on February 2, 2006 at 05:50 PM

The Bush giveth and the Bush taketh away. The range of faux proposals the man puts out are mind-boggling.

40
Magis on February 6, 2006 at 04:06 PM

Where do I start? First, Ethanol. Producing ethanol requires SIX units of energy for every unit of energy produced. Who still thinks this is a good idea besides ADM, the corn lobby, and W?
http://www.sciencedaily.com/releases/2005/03/050329132436.htm

41
HalABurton on February 7, 2006 at 12:53 PM


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