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Man you know the economy is bad when Toyota takes the first quarterly losses they have had in over 40 years of operation. I mean we aren't talking about the big three here that haven't seen a profit since before I was born (kidding), but Toyota which has been one of the largest growing car companies in the world. It does make me wonder though, what if they were a US car company and got some of this bailout? I think that Toyota would just go off the charts with this free money and build a whole new set of cars that are awesomely efficient and reasonably priced. I doubt any of the big three would have a chance at even getting close to them. I am not opposed to the big three, I just think their failure to innovate shouldn't be rewarded. So even though Toyota will weather this crisis (I am sure they will) they won't have as much an advantage in cash as the big three will and that seems unfair.
With each cycle of the income crisis negative feedback loop an accelerating economic decline moves the global economy spiraling downwards into an abyss that will eventually end in total economic collapse. Systemic declining real wages starting over 40 years ago has laid the fragile foundation that fed a continuing drop in consumption when credit could no longer be a sustainable proxy for income among low to middle wage earners. Even if credit was suddenly available - average Americans are already highly over leveraged. These factors triggered a negative feedback loop of declining real income available to 95% of the citizenry, falling consumption directly proportional to falling incomes, and declining business revenue accompanied by job lay-offs & retail price declines (deflation) all completing each successive feedback loop cycle. All along the course of the feedback loop cycle theses effects oscillate across the general economy in a continual downward slope of economic decline that translates into falling GDP and national capital stock destruction that occurs at an ever increasing exponential rate.
Reversing an income crisis 'drain spiral' becomes more difficult with the passage of time since unemployment and capital stock destruction exponentially increases across a number of income crisis negative feedback loop cycles. The longer a government waits to enact substantial fiscal stimulus targeted at low to middle income citizens the more and more 'income emaciated' these citizens become thus making it much more difficult to push the entire economy up out of the income crisis spiral.
Eventually, the nation's capital stock becomes so inconsequential from an economic perspective and the number of citizens who are unemployed so numerous that the government becomes the sole income generating agent (presumes the government has infused the economy with insufficient fiscal stimulus and/or is still making government expenditures into the private sector) in an extinct standalone private economy that has reached the terminus in an income crisis deflationary economic spiral.
Reaching the terminus point is a foregone conclusion without substantial (10% of GDP) government fiscal stimulation of the 'real' economy. At this terminus point economic activity in the country has been completely extinguished from successive negative feedback cycles down economic gradients with ever accelerating declines in GDP and national capital stock destruction.
Infusing the supply side (financial sector - or top of the pyramid) with government bailout capital will do absolutely nothing (covered in many of my previous essays) to get the 'consumption engine' of an 'income starved' economy running again. Effectively, there is no substitute for bold decisive action on the part of government policy makers in implementing a substantial fiscal stimulus program that immediately creates sufficient stable employment (not a token number of jobs) at a sustainable higher tier private sector wage rate. This must be immediately followed up with rebuilding the nation's capital stock to pre-income crisis levels through infrastructure investment in an industrial base that lends itself towards taking advantage of a nation's competitive advantage in multiple areas. In the case of the United States it has been determined that long term stimulus investments (substantial) that target the creation of a 'Green Industry' sector would have the potential of employing millions of Americans across all professions within two main program branches comprised of manufacturing and delivery. Subsidiary industries would also be created either directly through government and/or private sector capital infusions that would ultimately employ a cross section of every professional occupation group that has been placed on the unemployment rolls during this income crisis.
The global community has so little time left in which to act decisively. We are racing ever faster with each passing day down a cold dark abyss towards the terminus of economic collapse. We must act now, not later.
Posted on my blog 11/5/2008 at:
http://structuraleconissues.blogspot.com/
It's enough, the government has to close the MARKET at least one week to DEPLETE the pressure.
It seem to me this Bush's / Paulson / Bernanke don't know how to handle this situation and they couldn't take the right decisions.
Percy H Florez
It seem to me this Bush's / Paulson / Bernanke don't know how to handle this situation and they couldn't take the right decisions.
Percy H Florez
The only plausible think the government has to do is CLOSE the market for at least one week until they decide declare the country economy in recession and take the necessary approach to handle this economic overturn.
Percy H Florez
Percy H Florez
We are definitely in a financial crisis, and a very obscure one at that. Barack has spoken about the idiocy of what we were asked to do at the time of 9/11, and of course we all know that we were asked to go shopping. Barack (or Hillary) would of asked us for much more.
I noticed that the various response meters peaked when Sarah Palin spoke of Personal Responsibility in the debate last night. Leadership is needed now. What can WE THE PEOPLE DO, to make this economy better? What is our part, and what can we do as individuals to improve the status of the American economy, and our status in the world?
1. Anyone that has the means should pay down, or pay off their credit cards thus reducing OUR part of the debt.
2. Pay as much more as you can on your mortgages, student and car loans - reduce your eventual cost in terms of interest, but provide your regional lenders and Credit Unions with much needed actual cash.
3. Begin saving-only if it is five or ten dollars a paycheck, and you will find you can actually buy that tire, keep the oil changed in your car, and pay for some other unexpected small expenses that land us at the payday loan office.
4. Use only cash or secured credit for major purchases (where they can get the stuff back if you default, or it is backed by inventory of the business you do your credit with).
5. Keep your local food banks full, clothing and other community resources stocked with coats, shoes, & blankets for the winter.
6. If you are doing better than your family neighbors who are throwing everything at their rent or mortgage, hand them a $10-25-50 grocery or gas card, or anonymously slip it in their mailbox. Pass out a few monthly bus passes at the local job center or food bank to those that don't have them. If we all did things like this, if we all behaved like our brothers keeper, we would have plenty to go around.
7. If you are struggling too much to do any of these things, confide in someone, use these resources, there is no shame in picking up a box from the food bank, calling your local St. Vincent de Paul, or or other resources to get a utility bill paid. Most Urban Leagues will pay those Utilities under the Fema program once a year to get you over the hump for the month (and no, you do not have to be a minority for the National Urban Leagues to help your).
8. Use the contribution option on your utility bill to contribute to the funds most have to help those who can't afford to stay warm this winter.
There are things we can all do to feel less out of control. There are sacrifices we are all willing to make for our families and neighborhoods survival. Ask us to do these things, and the response will be great. you know..."Ask not what your country can do for you..."
Please get busy with this message. We need the leadership, and the economic meltdown is a dynamic that even government in a democracy has only marginal control over, especially in a global economy.
When my kids were small, I always found that giving them something to do worked much better than explaining a situation or telling them what not to do with a lot of blah-blah-blah about why etc. When I didn't want them grabbing candy bars, it was easier to tell them to put their hands on top of their head, then to tell them not to grab the candy bars. Also easier to give them a simple task like find the bottle of catchup than to tell them we would be done in a minute, or offer them some reward if they behaved in the store.
Really - give the American People things they can do - Suze Ormann style. We desperately need this kind of leadership and unification right now.
We MUST win this! I am not on line much since the primary, and can't deal with the partisanship and negativity of my local Dem HQ, so have given up on volunteering, as it is such a toxic atmosphere. i am just talking to my neighbors, folks on the bus, and many, many republicans and independents about issues, not personalities.
I am doing everything I can to get the Obama-Biden ticket to the finish line. Please help with some positive action as above. Love you all, and let's get this done!
I noticed that the various response meters peaked when Sarah Palin spoke of Personal Responsibility in the debate last night. Leadership is needed now. What can WE THE PEOPLE DO, to make this economy better? What is our part, and what can we do as individuals to improve the status of the American economy, and our status in the world?
1. Anyone that has the means should pay down, or pay off their credit cards thus reducing OUR part of the debt.
2. Pay as much more as you can on your mortgages, student and car loans - reduce your eventual cost in terms of interest, but provide your regional lenders and Credit Unions with much needed actual cash.
3. Begin saving-only if it is five or ten dollars a paycheck, and you will find you can actually buy that tire, keep the oil changed in your car, and pay for some other unexpected small expenses that land us at the payday loan office.
4. Use only cash or secured credit for major purchases (where they can get the stuff back if you default, or it is backed by inventory of the business you do your credit with).
5. Keep your local food banks full, clothing and other community resources stocked with coats, shoes, & blankets for the winter.
6. If you are doing better than your family neighbors who are throwing everything at their rent or mortgage, hand them a $10-25-50 grocery or gas card, or anonymously slip it in their mailbox. Pass out a few monthly bus passes at the local job center or food bank to those that don't have them. If we all did things like this, if we all behaved like our brothers keeper, we would have plenty to go around.
7. If you are struggling too much to do any of these things, confide in someone, use these resources, there is no shame in picking up a box from the food bank, calling your local St. Vincent de Paul, or or other resources to get a utility bill paid. Most Urban Leagues will pay those Utilities under the Fema program once a year to get you over the hump for the month (and no, you do not have to be a minority for the National Urban Leagues to help your).
8. Use the contribution option on your utility bill to contribute to the funds most have to help those who can't afford to stay warm this winter.
There are things we can all do to feel less out of control. There are sacrifices we are all willing to make for our families and neighborhoods survival. Ask us to do these things, and the response will be great. you know..."Ask not what your country can do for you..."
Please get busy with this message. We need the leadership, and the economic meltdown is a dynamic that even government in a democracy has only marginal control over, especially in a global economy.
When my kids were small, I always found that giving them something to do worked much better than explaining a situation or telling them what not to do with a lot of blah-blah-blah about why etc. When I didn't want them grabbing candy bars, it was easier to tell them to put their hands on top of their head, then to tell them not to grab the candy bars. Also easier to give them a simple task like find the bottle of catchup than to tell them we would be done in a minute, or offer them some reward if they behaved in the store.
Really - give the American People things they can do - Suze Ormann style. We desperately need this kind of leadership and unification right now.
We MUST win this! I am not on line much since the primary, and can't deal with the partisanship and negativity of my local Dem HQ, so have given up on volunteering, as it is such a toxic atmosphere. i am just talking to my neighbors, folks on the bus, and many, many republicans and independents about issues, not personalities.
I am doing everything I can to get the Obama-Biden ticket to the finish line. Please help with some positive action as above. Love you all, and let's get this done!
Barack it has absolutely nothing to do with saving our neighbors house that is burning because it might be a threat to our own but everything to do with not risking life and limb to save this same house that is already entirely destroyed by termites. The American people are not being vindictive by wanting to hold back $700 billion dollars from Wall Street but are being prudent by not wanting to waste what may be the last substantial amount of taxpayer dollars before the final decent into the abyss of a global income crisis.
We have one last chance at 'jump starting' this economy and that can only be done from below where 95% of lower to middle income citizens consume by purchasing products and services that are produced by the global economy. Nothing will be accomplished by throwing more and more money at Wall Street in an attempt to get the credit markets lending again because once the investment community became aware of the extent of consumer and business leverage they lost a certain amount of confidence in all facets of the U.S. economy. Both foreign and domestic credit markets are not freezing up but what is actually occurring is a natural reaction to the discovery that U.S. businesses and consumers have overextended themselves in an un-concerted attempt at maintaining a level of economic expansion (lifestyle or revenue stream) that is unsustainable given the continuing drop in consumption spending by consumers as a result of their declining incomes.
Now that both businesses and consumers are facing the reality of the real market economic forces that act to stabilize out of balance conditions, all facets of the economy are crying for immediate relief even those such as the financial institutions that will just have to write off or write down most of the over valued credit assets that their customers both businesses and citizens are unable to continue to carry.
Until the 95% of low to middle income U.S. citizens are afforded a substantial increase in income (equated to all the lost income never received from years of productivity gains) the global economy will continue to tank. No other option remains - either use the $700 billion (more required) to 'jump start' this dying income starved economy or watch it decline to the point of no return.
Also, we shouldn't believe everything pandered by the sensationalist media parrots especially when it regards Economics. Investors moved back into the markets today mainly to acquire 'dirt cheap' bargain stocks and investment instruments not simply because they even remotely expect help in the form of a bailout from the U.S. Congress or that if it did transpire would have any effect on confidence anyway. Therefore, what all of us should attempt to do is maintain a link to reality based upon the facts of each day and not take credence in any neoclassical Economic ideology predictions that are rooted in policies that have brought us to this calamitous point in time.
Moving our economy back to a higher level of consumption spending that is not based upon consumers who are over leveraged and businesses that are equally overleveraged because their income is being drained off by greedy executives and board members must be the goal for our nation. Draining more income from the 95% of low to middle income citizen taxpayers in order to invest in worthless debt related assets that would be better purged from our economic system entirely does not lead to a sustainable economic system nor does it help in resolving our current chronic income crisis - it only makes matters worse. We need to invest in America not throw what may be our last remaining dollars that haven't yet been devalued (given time) to the point of being worthless up into the wind, only to be blown across a fast encroaching economic desert.
We have the power to thoughtfully address the income crisis which is the root cause of our economic calamity but only if we remain open-minded to all approaches that are centered upon getting substantial income in the hands of average Americans who will faithfully spend (representing 2/3's of GDP) it on products and services. Not only is it the economically sensible thing to do but the morally right thing to do.
http://structuralEconIssues.blogspot.com/
We have one last chance at 'jump starting' this economy and that can only be done from below where 95% of lower to middle income citizens consume by purchasing products and services that are produced by the global economy. Nothing will be accomplished by throwing more and more money at Wall Street in an attempt to get the credit markets lending again because once the investment community became aware of the extent of consumer and business leverage they lost a certain amount of confidence in all facets of the U.S. economy. Both foreign and domestic credit markets are not freezing up but what is actually occurring is a natural reaction to the discovery that U.S. businesses and consumers have overextended themselves in an un-concerted attempt at maintaining a level of economic expansion (lifestyle or revenue stream) that is unsustainable given the continuing drop in consumption spending by consumers as a result of their declining incomes.
Now that both businesses and consumers are facing the reality of the real market economic forces that act to stabilize out of balance conditions, all facets of the economy are crying for immediate relief even those such as the financial institutions that will just have to write off or write down most of the over valued credit assets that their customers both businesses and citizens are unable to continue to carry.
Until the 95% of low to middle income U.S. citizens are afforded a substantial increase in income (equated to all the lost income never received from years of productivity gains) the global economy will continue to tank. No other option remains - either use the $700 billion (more required) to 'jump start' this dying income starved economy or watch it decline to the point of no return.
Also, we shouldn't believe everything pandered by the sensationalist media parrots especially when it regards Economics. Investors moved back into the markets today mainly to acquire 'dirt cheap' bargain stocks and investment instruments not simply because they even remotely expect help in the form of a bailout from the U.S. Congress or that if it did transpire would have any effect on confidence anyway. Therefore, what all of us should attempt to do is maintain a link to reality based upon the facts of each day and not take credence in any neoclassical Economic ideology predictions that are rooted in policies that have brought us to this calamitous point in time.
Moving our economy back to a higher level of consumption spending that is not based upon consumers who are over leveraged and businesses that are equally overleveraged because their income is being drained off by greedy executives and board members must be the goal for our nation. Draining more income from the 95% of low to middle income citizen taxpayers in order to invest in worthless debt related assets that would be better purged from our economic system entirely does not lead to a sustainable economic system nor does it help in resolving our current chronic income crisis - it only makes matters worse. We need to invest in America not throw what may be our last remaining dollars that haven't yet been devalued (given time) to the point of being worthless up into the wind, only to be blown across a fast encroaching economic desert.
We have the power to thoughtfully address the income crisis which is the root cause of our economic calamity but only if we remain open-minded to all approaches that are centered upon getting substantial income in the hands of average Americans who will faithfully spend (representing 2/3's of GDP) it on products and services. Not only is it the economically sensible thing to do but the morally right thing to do.
http://structuralEconIssues.blogspot.com/
I would like to share my story because I think it is applicable to the current situation. Read More »
All the below essays may be read at-
http://structuraleconissues.blogspot.com/
o Use $700 Billion to Stimulate Real Economy
o Fast Bailout of Wall Street â€" No Help for Main Street
o Stand Up Citizens - It is Time to Be Counted
o Death of the Great Consumption Engine
o Stepping from the Past into the Future
o Our Nation’s Dying Debt Engine
o $700 Billion to Feed the Supply Side Monster
o $700 Billion Bailout â€" Reverse Robin Hood Effect
o Financial Pollutants, Government Bailout, and HOLC
o Great Depression History Propaganda Spread by Elite
o Income Drained From Below Covers Losses of Elite
o Federal Toxic Debt Clearinghouse â€" Cleansing Debt from Books
o U.S. Treasury Open To Loot â€" An Economy Spiraling Down
o AIG Raids U.S. Treasury â€" Lobbyists Work Pays Off
o Root Causes of Our Current Income Crisis
o Acquiring a Rational Economy
o Workers Demand Democracy Not Machiavellian Evil
o Income Crisis - Accelerating For Impact into Economy
o They Sacrifice the Dreams of a Nation
o Building a Foundation of Understanding
o Completely Nationalize Freddie Mac and Fannie Mae
o Deflationary Stage of Income Crisis Reached
o The Illusion of Justice
http://structuraleconissues.blogspot.com/
o Use $700 Billion to Stimulate Real Economy
o Fast Bailout of Wall Street â€" No Help for Main Street
o Stand Up Citizens - It is Time to Be Counted
o Death of the Great Consumption Engine
o Stepping from the Past into the Future
o Our Nation’s Dying Debt Engine
o $700 Billion to Feed the Supply Side Monster
o $700 Billion Bailout â€" Reverse Robin Hood Effect
o Financial Pollutants, Government Bailout, and HOLC
o Great Depression History Propaganda Spread by Elite
o Income Drained From Below Covers Losses of Elite
o Federal Toxic Debt Clearinghouse â€" Cleansing Debt from Books
o U.S. Treasury Open To Loot â€" An Economy Spiraling Down
o AIG Raids U.S. Treasury â€" Lobbyists Work Pays Off
o Root Causes of Our Current Income Crisis
o Acquiring a Rational Economy
o Workers Demand Democracy Not Machiavellian Evil
o Income Crisis - Accelerating For Impact into Economy
o They Sacrifice the Dreams of a Nation
o Building a Foundation of Understanding
o Completely Nationalize Freddie Mac and Fannie Mae
o Deflationary Stage of Income Crisis Reached
o The Illusion of Justice
The goals of corporations are not indifferent to those of a political party. The purpose of a Corporation is to be profitable. In order to be profitable, you place your company on the Stock Market. The Press Releases will affect stock value in good and bad ways. These press releases can be either good news or bad news. In order to keep the price of stock up, Executively Appointed departments of the Federal Government want to 'guarantee' the 'risk' which will reduce the risk altogether, and make the corporation profitable again. While that company makes a profit, those who helped to make the company profitable will get nothing. The people who made the poor decisions will be rewarded. Since the company is profitable, they will get their financial bonus. While those who have already suffered, and the 240 Million people who will also suffer afterward, are hurting, there would be no credit of America left to assist them. If the Federal Government has no money, the States also will have no credit. (The two existing in a symbiotic form.)
In Politics, the goal is to get elected for the next term. Everything you do will determine (or should) whether you get re-elected. Politicians rely on ignorance. Whether or not you vote on bad decisions, or good. Either way, you're vote should represent the people in your district. They will do anything in order to convince you to vote for them. If they lie, the cost to call you out by your opponent would need to be extremely high in order to reach enough people. I can only guess that most people don't pay any attention to c-span. But I try to catch it as often as possible, and this deal smells like crap. The body language of the Sec. of Treasury and Federal Reserve Banks.
Either way... both will manipulate through media. That includes these committee meetings and interviews. No provision of this bill will make a difference. If there isn't a full audit of these corporations, and a full audit of the 'assets' they wish to offload onto the people, then there is no reason to even consider such a thing. Both have been opposed by the writers of the plan. Manipulating the public is the goal. If this "Bill" ends up like FISA, then this means that nobody truly cares about the people, and care more about their own safety (financial and physical) at the cost of our General Welfare.
....Continued.... Read More »
In Politics, the goal is to get elected for the next term. Everything you do will determine (or should) whether you get re-elected. Politicians rely on ignorance. Whether or not you vote on bad decisions, or good. Either way, you're vote should represent the people in your district. They will do anything in order to convince you to vote for them. If they lie, the cost to call you out by your opponent would need to be extremely high in order to reach enough people. I can only guess that most people don't pay any attention to c-span. But I try to catch it as often as possible, and this deal smells like crap. The body language of the Sec. of Treasury and Federal Reserve Banks.
Either way... both will manipulate through media. That includes these committee meetings and interviews. No provision of this bill will make a difference. If there isn't a full audit of these corporations, and a full audit of the 'assets' they wish to offload onto the people, then there is no reason to even consider such a thing. Both have been opposed by the writers of the plan. Manipulating the public is the goal. If this "Bill" ends up like FISA, then this means that nobody truly cares about the people, and care more about their own safety (financial and physical) at the cost of our General Welfare.
....Continued.... Read More »
It is not true that this is 700 billion that we will never see again- like the money spent in Iraq. Some economists estimate that when the government eventually sells these assets off that the government will either make or lose 200 billion. In the Chrysler bailout, the US taxpayer got ever nickel back, with a bit of a profit. It could be argued that more than 200 billion will be lost, but whatever the number, these assets aren't worth zero.
Last April, I put a PBS video up on YouTube that explained the sub prime market crisis. This post attempts to put this crisis into the larger perspective we find ourselves in today.
Ten years ago, you would go to a bank for a home loan, and the banker would decide how good a risk you were because they would be lending you money that came from their depositors' savings accounts. Banks had rules about how much cash and collateral they had to have to support the loans they had on their books, and the bank or S&L had an interest in making sure the loan was good.
Enter banking industry deregulation in 1999 when republicans in congress rammed through repeal of the Glass Stegal Act. What this did was allow investment banks (which were not regulated) to aggressively compete with the banks for this business. Instead of requiring 20 percent down they would offer 15, 10 and even zero percent down. They would lend the money to the home buyer, then turn around and sell the debt as a security. This "securitization" of debt meant that they would pool a thousand loans together so that if one defaulted, the risk would be spread out. Just like people bought Treasury and municipal bonds, they would buy these mortgage backed securities. Instead of liability on their balance sheets, they recorded it as a profit generating asset. You'll also hear these mortgage backed securities refered to as CDOs.
The financial industry has trillions of dollars of these credit instruments floating around, and financial banks had no requirements to be conservative with the risks they took with loans. Most owe 30 times more money than what they actually own. They call this "highly leveraged". It makes the person seem very sophisticated and clever to be able to magnify the power of their money so much. I know a few dirt farmers that would put it a different way. They'd say these boys were in hock up to their eyeballs.
Interestingly, many in congress viewed this with great suspicion and noted that if an institution walked like a bank and talked like a bank then it should be regulated like a bank. Loans being issues with little concern for the risk of not being repaid bore great resemblence to the Japanese real estate asset bubble of the 90s. Unfortunately, the Federal reserve was under the control of a laissez faire economist that believed that financial market players were smarter than government bureaucrats. This fed Chairman- Alan Greenspan- refused to regulate the financial banks, and the republican congress blocked legislation that would have regulated these markets.
There are trillions of dollars of these mortgage backed debt instruments that are in part held by investment banks. Today, with housing prices going down and owners defaulting on their loans, the value of those debt securities go down. Today, there are few buyers of many of these exotic debt instruments including, but not restricted to the mortgage backed securities. No one knows what they are really worth, and because no one will trade them, they have become illiquid assets
Because the amount of money an investment bank can borrow is based on what their assets are worth, they cannot borrow as much money as they used to be able to do. This means they cannot make the profits they used to. Goldman Sachs for example reports their profits for the last quarter are down 70%. When other companies begin to doubt your ability to repay loans, they demand even more collateral and proof of the worth of your assets. It would have been possible for Lehman to strengthen their balance sheets last year by selling some of their stock last year when they gave every appearance of being an impregnable bank. They refused to, taking the risk that they could bluff their way through it. Last weekend, they were so far gone that no one wanted to buy them. Merrill Lynch had a similar exposure on their balance sheets and knew they were next, so they opted to merge with BA before they met the same fate.
It is not true that all of these illiquid assets are mortgage backed, and it is also not true that they are worthless. Some of these loans were for houses whose real value is one half of what they were appraised at. In other cases the loans will be fully repaid with interest.
What the media is not discussing is that this securitization of debt was extended to all forms of credit and the crisis should not be viewed as a real estate asset bubble but a general credit asset bubble. This shall be covered in an upcoming post. It is astounding the games that these financial geniuses were playing with money.
References: (Don't take my word for all of this)
A great book on this is "The Trillion Dollar Meldown: Easy Money, High Rollers, and the Great Credit Crash", Charles R. Morris $9.99 if you want it now and have a kindle, $10 for some used copies on Amazon.
I just am wondering why these politicians who are trying to INSTITUTIONALIZE the CORRUPTION in this country are in PANIC?
I watch TV this Sunday for a lot, either I blog, so the only people I saw at the border of collapse and desperately afraid is the status quo of the political statements.
I ask my neighbors if are they afraid of the financial crisis and they laughing me, I ask member of my family even friends and they said the same, they are not afraid of anything. So I ask if they afraid of loosing his / her jobs and they said yes but nothing they can not handle. So I ask again if they are afraid of losing his / her money in the banks and they said are totally confident of the bank they have his / her money. And my finally question was if are they afraid of loosing his / her credit cards , ups, only one said they already lose his credit card and the others said they don’t care about it.
So, one of my neighbors say, Percy my friend, this is not your worlds get away of politicians.
So I ask to myself why this “GENTLEMEN’S” are too desperate than the normal people?
I have a clue!
I just remember past experience in my live and any book I read before, so I get in to the conclusion they have too much to loose than the normal people.
As I said before FREDDIE MAE AND FREDDY MAC are the big case of corruption ever, any single and impartial investigations is going to put in jail a lot of people, bigger names of the political status.
Of course being under the protection of the government it is the best shell them could find even at risk of lose what they call the free market.
In the mean time why they are too afraid if his friend around the word loose his companies, why this especial interest, why they don’t took the same cautious position of the government of Japan, very interesting how they defend the global market. Me too, the difference is I defend the GLOBAL AND HONEST MARKET, never the speculative market.
Conspiracy theory, maybe, some of the argument Bush’s to invade Iraq, are in place now. By the way where is the Vice-President Cheney? “We need to go to war because there are weapons of mass destruction on it” | may be you remember this government mantra before the invasion of Iraq | this is the tactic of terrorize the public opinion to obtain what they want. Now the new mantra is | “IF WE DON GO QUICKLY THE COUNTRY IS GOING TO SINK IN CRISIS” | who is going to sink in this crisis if not the lousy banker who take inappropriate risk as they want. They are going to loose every think, so, it is his problem not the problem of the taxpayers.
Finally if and as consequences of these delinquents the country goes in to a deep crisis so why the government does the following:
1. Put in jail all this craps
2. Use this 700 BILLIONS to help the old mans and women’s. Help those who are in the verge of loose his house and bring food and create a full plan of jobs injecting this money in the constructions sector and in all those big provider of jobs.
This is one probably solution, there are others way to solve the crisis; but never a solution can contain some kind of rewards and unaccountability for all of those who are responsible of this crisis as Bush’s and accompaniers want.
And finally if the authorities of the government who are in charged managing this financial crisis believe the government can buy these bad instruments and sell this easily in to the market why the headache and the rush and they don’t let this craps SELL EASILY his bad instruments without the government interventions and without put in risk the MONEY OF THE TAXPAYERS.
This is the problem and the ambiguity; the bad guys want to sell his problems (BAD FINANCIAL INSTRUMENTS) recovering his money to the good guys (TAXPAYERS) and PROFIT with this transaction.
I am not at panic and ready for all the circumstance and I prefer honesty and justice.
Mr. Chairman of the Federal Reserve and Secretary of the Treasury
This equation is valid in any part of this small rock called planet earth without idiomatic restrictions or omissions and this apply at any circumstances.
2 + 2 = 4
Percy H Florez
I watch TV this Sunday for a lot, either I blog, so the only people I saw at the border of collapse and desperately afraid is the status quo of the political statements.
I ask my neighbors if are they afraid of the financial crisis and they laughing me, I ask member of my family even friends and they said the same, they are not afraid of anything. So I ask if they afraid of loosing his / her jobs and they said yes but nothing they can not handle. So I ask again if they are afraid of losing his / her money in the banks and they said are totally confident of the bank they have his / her money. And my finally question was if are they afraid of loosing his / her credit cards , ups, only one said they already lose his credit card and the others said they don’t care about it.
So, one of my neighbors say, Percy my friend, this is not your worlds get away of politicians.
So I ask to myself why this “GENTLEMEN’S” are too desperate than the normal people?
I have a clue!
I just remember past experience in my live and any book I read before, so I get in to the conclusion they have too much to loose than the normal people.
As I said before FREDDIE MAE AND FREDDY MAC are the big case of corruption ever, any single and impartial investigations is going to put in jail a lot of people, bigger names of the political status.
Of course being under the protection of the government it is the best shell them could find even at risk of lose what they call the free market.
In the mean time why they are too afraid if his friend around the word loose his companies, why this especial interest, why they don’t took the same cautious position of the government of Japan, very interesting how they defend the global market. Me too, the difference is I defend the GLOBAL AND HONEST MARKET, never the speculative market.
Conspiracy theory, maybe, some of the argument Bush’s to invade Iraq, are in place now. By the way where is the Vice-President Cheney? “We need to go to war because there are weapons of mass destruction on it” | may be you remember this government mantra before the invasion of Iraq | this is the tactic of terrorize the public opinion to obtain what they want. Now the new mantra is | “IF WE DON GO QUICKLY THE COUNTRY IS GOING TO SINK IN CRISIS” | who is going to sink in this crisis if not the lousy banker who take inappropriate risk as they want. They are going to loose every think, so, it is his problem not the problem of the taxpayers.
Finally if and as consequences of these delinquents the country goes in to a deep crisis so why the government does the following:
1. Put in jail all this craps
2. Use this 700 BILLIONS to help the old mans and women’s. Help those who are in the verge of loose his house and bring food and create a full plan of jobs injecting this money in the constructions sector and in all those big provider of jobs.
This is one probably solution, there are others way to solve the crisis; but never a solution can contain some kind of rewards and unaccountability for all of those who are responsible of this crisis as Bush’s and accompaniers want.
And finally if the authorities of the government who are in charged managing this financial crisis believe the government can buy these bad instruments and sell this easily in to the market why the headache and the rush and they don’t let this craps SELL EASILY his bad instruments without the government interventions and without put in risk the MONEY OF THE TAXPAYERS.
This is the problem and the ambiguity; the bad guys want to sell his problems (BAD FINANCIAL INSTRUMENTS) recovering his money to the good guys (TAXPAYERS) and PROFIT with this transaction.
I am not at panic and ready for all the circumstance and I prefer honesty and justice.
Mr. Chairman of the Federal Reserve and Secretary of the Treasury
This equation is valid in any part of this small rock called planet earth without idiomatic restrictions or omissions and this apply at any circumstances.
2 + 2 = 4
Percy H Florez
Today, the former Soviet province of Georgia is in a national state of emergency. Georgias President, Mikhail Saakashvili, has declared a 15-day, nationwide state of emergency after police broke up a sixth day of opposition protests.The US reaction to the situation in that country came from National Security Council spokesman Gordon Johndroe, We are concerned about the reports from Georgia. We urge that any protests be peaceful and that both sides refrain from violence.
Link
Mr. President, two Middle Eastern countries have this week declared national states of emergency (first Pakistan, today Georgia). I ask of you to leave your indifference aside and react promptly. Iraq is not the ONLY country in the region!
Link
Mr. President, two Middle Eastern countries have this week declared national states of emergency (first Pakistan, today Georgia). I ask of you to leave your indifference aside and react promptly. Iraq is not the ONLY country in the region!
My wife, Tipper, and I will donate 100 percent of the proceeds of the award to the Alliance for Climate Protection, a bipartisan non-profit organization that is devoted to changing public opinion in the U.S. and around the world about the urgency of solving the climate crisis.
Alliance for Climate Protection (climateproject.org)
Link
Al Gore's cause should be our cause.
Step #1: Have you bought and installed those compact florescent light bulbs (CFL) yet?
Jim Callahan
Orlando, FL
Hello fellow citizens, minorities, and fellow democrats. This is a time of dire crisis. We all know of the Republican Right's campaign and widly outrageous support of the Iraqi Conflict. However, what it widly unknown to the masses and not covered by the media machine is the internal conflicts we have at home.
This government, and it's supporters, have trampled all over the very foundations of this government, the foundations established by our cherished and magnificent fore fathers. These foundations, and literally the core of the grand vision founded by our former great leaders, was equality for each man, woman, and child who is to step foot upon this soil and call it home.
It is not in the media's interest to cover these topics. Why, such a bold accusation? It is the simple fact that stories covering these topics will not sell the papers or draw masses to the screen like that of the images of war, conflict, morning, and loss. The people want to see spilt blood, they want to quinch their thirst for vengnece, they wish to empty their pocket books to the Right and press for a campaign of bulliness and massacre.
The 2004 election hot topic of gay marriage was a poster child of the Anti-Equality Campaign. This country, boldly shouting the promise that this is the golden land of opportunity has turned those words simply into a marketing campaign to get the people of the globe to continue to support and favor us and our actions.
We, the citizens, those who are wronged and trampled by the government know that this is in fact not true. It is a lie - all lies.
It is true, the issue of gay marriage is not the only social, moral, and civil atrocity that has taken place in this country, especially by the current administration. Hate crimes are on the rise. The country is even more divided then ever before. Marketing companies, big business, and the media capitalize on this division and are pressing for two entirely different ways of life. Yes, the media and the government have effectively looked to blindly drive people to support their products, visions, and morals. However, what we are seeing now is a nation that is far from what it was founded to become, it is lost, and confused. It is a very angry, vengeful, materialistic society that has two opposing sides that can barely coexist.
The first thing cried out by the minorities is special rights, special protection, special liberties to support their way of life. However, I demand for equal protection, equal enforcement of the law. Some citizens need to compromise and join together - at a common ground.
What must happen is a multi-step process that will take much, much time. However, two major things we must have is as follows:
1. We, as citizens, must stop looking out only for ourselves, but we must, absolutely must look out for each other. We are all equal and we are all people of the land - this land, and we must stop bickering over petty differences and stand united to make this nation a better one. We must band together to help eliminate the moral and social crises that face us today.
2. The second thing we must do is not act for special rights, but we must go to the agencies that create, uphold, and enforce the laws and rights of this nation and demand that everyone be protected and given equal protection. No individual stands differently in this nation. Law Enforcement Agencies must punish their officers and staff who abuse their power and do not uphold the law fairly and equally. Agencies must learn to turn a blind eye to prejudice and advocate for equality. They are, after all, enforcers of the law and they must also protect the those laws and the rights of the nation.
They are, and should be, responsible for more than catching criminals in the masses, in the public, but they also much catch those inside of their own organizations. They must also look beyond just punishing the bad, but they should, no must, become a good example of the law and show that it is used for protection and not just punishment.
We are in dark times - both globally and locally. It is time we look inwards on this nation and work on how we treat every citizen with equality and dignity. It is time we maintian the home, not just the globe. The government was established to help insure every citizen was safe and that we lived in a happy, peaceful society. We have fallen from that goal and we have become very troubled. And it is due to this negligence from those at Capital Hill that we are facing social and moral injustice. The first thought of all nations is to insure it's people are safe and secure - it is time the United States reach into the hearts of the people and help make our nation a better place . . .
Thank you;
-Dave Anderson
This government, and it's supporters, have trampled all over the very foundations of this government, the foundations established by our cherished and magnificent fore fathers. These foundations, and literally the core of the grand vision founded by our former great leaders, was equality for each man, woman, and child who is to step foot upon this soil and call it home.
It is not in the media's interest to cover these topics. Why, such a bold accusation? It is the simple fact that stories covering these topics will not sell the papers or draw masses to the screen like that of the images of war, conflict, morning, and loss. The people want to see spilt blood, they want to quinch their thirst for vengnece, they wish to empty their pocket books to the Right and press for a campaign of bulliness and massacre.
The 2004 election hot topic of gay marriage was a poster child of the Anti-Equality Campaign. This country, boldly shouting the promise that this is the golden land of opportunity has turned those words simply into a marketing campaign to get the people of the globe to continue to support and favor us and our actions.
We, the citizens, those who are wronged and trampled by the government know that this is in fact not true. It is a lie - all lies.
It is true, the issue of gay marriage is not the only social, moral, and civil atrocity that has taken place in this country, especially by the current administration. Hate crimes are on the rise. The country is even more divided then ever before. Marketing companies, big business, and the media capitalize on this division and are pressing for two entirely different ways of life. Yes, the media and the government have effectively looked to blindly drive people to support their products, visions, and morals. However, what we are seeing now is a nation that is far from what it was founded to become, it is lost, and confused. It is a very angry, vengeful, materialistic society that has two opposing sides that can barely coexist.
The first thing cried out by the minorities is special rights, special protection, special liberties to support their way of life. However, I demand for equal protection, equal enforcement of the law. Some citizens need to compromise and join together - at a common ground.
What must happen is a multi-step process that will take much, much time. However, two major things we must have is as follows:
1. We, as citizens, must stop looking out only for ourselves, but we must, absolutely must look out for each other. We are all equal and we are all people of the land - this land, and we must stop bickering over petty differences and stand united to make this nation a better one. We must band together to help eliminate the moral and social crises that face us today.
2. The second thing we must do is not act for special rights, but we must go to the agencies that create, uphold, and enforce the laws and rights of this nation and demand that everyone be protected and given equal protection. No individual stands differently in this nation. Law Enforcement Agencies must punish their officers and staff who abuse their power and do not uphold the law fairly and equally. Agencies must learn to turn a blind eye to prejudice and advocate for equality. They are, after all, enforcers of the law and they must also protect the those laws and the rights of the nation.
They are, and should be, responsible for more than catching criminals in the masses, in the public, but they also much catch those inside of their own organizations. They must also look beyond just punishing the bad, but they should, no must, become a good example of the law and show that it is used for protection and not just punishment.
We are in dark times - both globally and locally. It is time we look inwards on this nation and work on how we treat every citizen with equality and dignity. It is time we maintian the home, not just the globe. The government was established to help insure every citizen was safe and that we lived in a happy, peaceful society. We have fallen from that goal and we have become very troubled. And it is due to this negligence from those at Capital Hill that we are facing social and moral injustice. The first thought of all nations is to insure it's people are safe and secure - it is time the United States reach into the hearts of the people and help make our nation a better place . . .
Thank you;
-Dave Anderson
Join the climateprediction.net experiment!
What is climateprediction.net?
Climateprediction.net is the largest experiment to try and produce a forecast of the climate in the 21st century. To do this, we need people around the world to give us time on their computers - time when they have their computers switched on, but are not using them to their full capacity.
[read more about the experiment]
Why?
Climate change, and our response to it, are issues of global importance, affecting food production, water resources, ecosystems, energy demand, insurance costs and much else. There is a broad scientific consensus that the Earth will probably warm over the coming century; climateprediction.net should, for the first time, tell us what is most likely to happen.
[read more about climate science]
What do we want you to do?
You can download a climate model from this website. It will run automatically as a background process on your computer whenever you switch your computer on. It should not affect any other tasks you use your computer for. As the model runs, you can watch the weather patterns on your, unique, version of the world evolve. The results are sent back to us via the internet, and you will be able to see a summary of your results on this web site. Climateprediction.net uses the same underlying software, BOINC, as many other distributed computing projects. If you like, you can participate in more than one project at a time.
[go to BOINC/ climateprediction.net download page]
If you are in the climate research community and are interested in participating in the experiment in a research capacity, the research pages provide some basic background material.
If you decide to join make sure to join the Democratic Party team.
What is climateprediction.net?
Climateprediction.net is the largest experiment to try and produce a forecast of the climate in the 21st century. To do this, we need people around the world to give us time on their computers - time when they have their computers switched on, but are not using them to their full capacity.
[read more about the experiment]
Why?
Climate change, and our response to it, are issues of global importance, affecting food production, water resources, ecosystems, energy demand, insurance costs and much else. There is a broad scientific consensus that the Earth will probably warm over the coming century; climateprediction.net should, for the first time, tell us what is most likely to happen.
[read more about climate science]
What do we want you to do?
You can download a climate model from this website. It will run automatically as a background process on your computer whenever you switch your computer on. It should not affect any other tasks you use your computer for. As the model runs, you can watch the weather patterns on your, unique, version of the world evolve. The results are sent back to us via the internet, and you will be able to see a summary of your results on this web site. Climateprediction.net uses the same underlying software, BOINC, as many other distributed computing projects. If you like, you can participate in more than one project at a time.
[go to BOINC/ climateprediction.net download page]
If you are in the climate research community and are interested in participating in the experiment in a research capacity, the research pages provide some basic background material.
If you decide to join make sure to join the Democratic Party team.
Chris Tomlinson, Associated Press, 4/6/07
Link
Ethiopian and Somali forces may have committed war crimes in battles against insurgents and European Union countries could be considered complicit if they do nothing to stop them, according to an EU email obtained by The Associated Press on Friday.
The warning, by a senior security official, came in an urgent e-mail to Eric van der Linden, the EU ambassador based in Nairobi.
"I need to advise you that there are strong grounds to believe that the Ethiopian government and the transitional federal government of Somalia and the African Union (peacekeeping) Force Commander, possibly also including the African Union Head of Mission and other African Union officials have through commission or omission violated the Rome Statute of the International Criminal Court," the e-mail said.
EU officials, speaking on condition they not be named because a legal matter was involved, confirmed the e-mail's authenticity.
The author, whose name was blanked out on the copy obtained by the AP but whose senior position was apparent from the text, went on to detail the exact statutes that were violated. They included intentionally directing attacks against civilians and ordering the displacement of civilians for reasons related to the conflict.
Link
Ethiopian and Somali forces may have committed war crimes in battles against insurgents and European Union countries could be considered complicit if they do nothing to stop them, according to an EU email obtained by The Associated Press on Friday.
The warning, by a senior security official, came in an urgent e-mail to Eric van der Linden, the EU ambassador based in Nairobi.
"I need to advise you that there are strong grounds to believe that the Ethiopian government and the transitional federal government of Somalia and the African Union (peacekeeping) Force Commander, possibly also including the African Union Head of Mission and other African Union officials have through commission or omission violated the Rome Statute of the International Criminal Court," the e-mail said.
EU officials, speaking on condition they not be named because a legal matter was involved, confirmed the e-mail's authenticity.
The author, whose name was blanked out on the copy obtained by the AP but whose senior position was apparent from the text, went on to detail the exact statutes that were violated. They included intentionally directing attacks against civilians and ordering the displacement of civilians for reasons related to the conflict.
Pentagon Report Says Contacts Were Limited
R. Jeffrey Smith, Washington Post, 4/6/07
Link
Captured Iraqi documents and intelligence interrogations of Saddam Hussein and two former aides "all confirmed" that Hussein's regime was not directly cooperating with al-Qaeda before the U.S. invasion of Iraq, according to a declassified Defense Department report released yesterday.
The declassified version of the report, by acting Inspector General Thomas F. Gimble, also contains new details about the intelligence community's prewar consensus that the Iraqi government and al-Qaeda figures had only limited contacts, and about its judgments that reports of deeper links were based on dubious or unconfirmed information. The report had been released in summary form in February.
The report's release came on the same day that Vice President Cheney, appearing on Rush Limbaugh's radio program, repeated his allegation that al-Qaeda was operating inside Iraq "before we ever launched" the war, under the direction of Abu Musab al-Zarqawi, the terrorist killed last June.
"This is al-Qaeda operating in Iraq," Cheney told Limbaugh's listeners about Zarqawi, who he said had "led the charge for Iraq." Cheney cited the alleged history to illustrate his argument that withdrawing U.S. forces from Iraq would "play right into the hands of al-Qaeda."
Senate Armed Services Committee Chairman Carl M. Levin (D-Mich.), who requested the report's declassification, said in a written statement that the complete text demonstrates more fully why the inspector general concluded that a key Pentagon office -- run by then-Undersecretary of Defense Douglas J. Feith -- had inappropriately written intelligence assessments before the March 2003 invasion alleging connections between al-Qaeda and Iraq that the U.S. intelligence consensus disputed.
R. Jeffrey Smith, Washington Post, 4/6/07
Link
Captured Iraqi documents and intelligence interrogations of Saddam Hussein and two former aides "all confirmed" that Hussein's regime was not directly cooperating with al-Qaeda before the U.S. invasion of Iraq, according to a declassified Defense Department report released yesterday.
The declassified version of the report, by acting Inspector General Thomas F. Gimble, also contains new details about the intelligence community's prewar consensus that the Iraqi government and al-Qaeda figures had only limited contacts, and about its judgments that reports of deeper links were based on dubious or unconfirmed information. The report had been released in summary form in February.
The report's release came on the same day that Vice President Cheney, appearing on Rush Limbaugh's radio program, repeated his allegation that al-Qaeda was operating inside Iraq "before we ever launched" the war, under the direction of Abu Musab al-Zarqawi, the terrorist killed last June.
"This is al-Qaeda operating in Iraq," Cheney told Limbaugh's listeners about Zarqawi, who he said had "led the charge for Iraq." Cheney cited the alleged history to illustrate his argument that withdrawing U.S. forces from Iraq would "play right into the hands of al-Qaeda."
Senate Armed Services Committee Chairman Carl M. Levin (D-Mich.), who requested the report's declassification, said in a written statement that the complete text demonstrates more fully why the inspector general concluded that a key Pentagon office -- run by then-Undersecretary of Defense Douglas J. Feith -- had inappropriately written intelligence assessments before the March 2003 invasion alleging connections between al-Qaeda and Iraq that the U.S. intelligence consensus disputed.
Media Matters, 4/5/07
Link
News reports in the Associated Press and the New York Post, and an editorial in Investor's Business Daily, quoted Republican presidential candidate Mitt Romney criticizing House Speaker Nancy Pelosi (D-CA) by saying that "being seen in a head scarf and so forth is sending the wrong signal to the people of Syria and to the people of the Middle East," without noting that Secretary of State Condoleezza Rice and first lady Laura Bush have both done the same when visiting the Middle East.
An April 5 article in the New York Post asserted, "From the campaign trail in Iowa, GOP presidential hopeful Mitt Romney slammed Pelosi's diplomatic excursion," before offering Romney's quote:
"I just don't know what got into her head, to be completely honest with you," he said.
"Her going to a state which is, without question, a sponsor of terror, and having her picture taken with Assad and being seen in a head scarf and so forth is sending the wrong signal to the people of Syria and to the people of the Middle East."
An April 4 AP report similarly noted Romney's criticism without offering any context. Neither that report nor the Post article made it clear in the text that Pelosi wore the scarf during a visit to the tomb of John the Baptist inside the Umayyad mosque in Damascus and not in her meeting with Syrian President Bashar Al-Assad. Romney's quote could be read to suggest that Pelosi wore the scarf during that meeting. A photo accompanying the Post article shows clearly that Pelosi's head was not covered when she met with Assad.
Link
News reports in the Associated Press and the New York Post, and an editorial in Investor's Business Daily, quoted Republican presidential candidate Mitt Romney criticizing House Speaker Nancy Pelosi (D-CA) by saying that "being seen in a head scarf and so forth is sending the wrong signal to the people of Syria and to the people of the Middle East," without noting that Secretary of State Condoleezza Rice and first lady Laura Bush have both done the same when visiting the Middle East.
An April 5 article in the New York Post asserted, "From the campaign trail in Iowa, GOP presidential hopeful Mitt Romney slammed Pelosi's diplomatic excursion," before offering Romney's quote:
"I just don't know what got into her head, to be completely honest with you," he said.
"Her going to a state which is, without question, a sponsor of terror, and having her picture taken with Assad and being seen in a head scarf and so forth is sending the wrong signal to the people of Syria and to the people of the Middle East."
An April 4 AP report similarly noted Romney's criticism without offering any context. Neither that report nor the Post article made it clear in the text that Pelosi wore the scarf during a visit to the tomb of John the Baptist inside the Umayyad mosque in Damascus and not in her meeting with Syrian President Bashar Al-Assad. Romney's quote could be read to suggest that Pelosi wore the scarf during that meeting. A photo accompanying the Post article shows clearly that Pelosi's head was not covered when she met with Assad.
(SANTA CLARA, CA, 4/5/07) - The San Francisco Bay Area chapter of the Council on American-Islamic Relations (CAIR-SFBA) today commended House Speaker Nancy Pelosi for the spirit of dialogue and mutual respect she exhibited during her visit to the Middle East.
SEE: House Speaker Pelosi in Saudi Arabia After Meeting Syria's Assad (AP)
In a statement, CAIR-SFBA said:
"We applaud Speaker Pelosi's initiative to use constructive dialogue as a tool for resolving conflicts. America's stature in the Islamic world has been harmed by the Bush administration's emphasis on the use of military force, or the threat of force, rather than dialogue and diplomacy. Speaker Pelosi's visit to the Middle East is a vital step forward in both improving our nation's international image and building better relations with important nations in that volatile region.
"In particular, Speaker Pelosi's visit to the Umayyad mosque in Damascus will contribute greatly to promoting mutual understanding between the West and the Muslim world. It is through mutual understanding that religious divisions and extremism can be challenged and reduced.
"We urge President Bush to implement the recommendations of the Iraq Study Group by working with Congress and Speaker Pelosi to formulate a new strategy that focuses on diplomacy and dialogue, not military force and belligerent rhetoric."
CAIR-SFBA also commended other Democratic and Republican members of Congress who are making similar visits to the region.
CAIR, America's largest Islamic civil liberties group, has 32 chapters nationwide and in Canada. Its mission is to enhance the understanding of Islam, encourage dialogue, protect civil liberties, empower American Muslims, and build coalitions that promote justice and mutual understanding.
CONTACT: CAIR-SFBA Communications Coordinator Abiya Ahmed, 408-986-9874, E-Mail: aahmed@cair.com
SEE: House Speaker Pelosi in Saudi Arabia After Meeting Syria's Assad (AP)
In a statement, CAIR-SFBA said:
"We applaud Speaker Pelosi's initiative to use constructive dialogue as a tool for resolving conflicts. America's stature in the Islamic world has been harmed by the Bush administration's emphasis on the use of military force, or the threat of force, rather than dialogue and diplomacy. Speaker Pelosi's visit to the Middle East is a vital step forward in both improving our nation's international image and building better relations with important nations in that volatile region.
"In particular, Speaker Pelosi's visit to the Umayyad mosque in Damascus will contribute greatly to promoting mutual understanding between the West and the Muslim world. It is through mutual understanding that religious divisions and extremism can be challenged and reduced.
"We urge President Bush to implement the recommendations of the Iraq Study Group by working with Congress and Speaker Pelosi to formulate a new strategy that focuses on diplomacy and dialogue, not military force and belligerent rhetoric."
CAIR-SFBA also commended other Democratic and Republican members of Congress who are making similar visits to the region.
CAIR, America's largest Islamic civil liberties group, has 32 chapters nationwide and in Canada. Its mission is to enhance the understanding of Islam, encourage dialogue, protect civil liberties, empower American Muslims, and build coalitions that promote justice and mutual understanding.
CONTACT: CAIR-SFBA Communications Coordinator Abiya Ahmed, 408-986-9874, E-Mail: aahmed@cair.com
Link
Please read this link. It is a very interesting story about a battle in Iraq. This story was reported by a Time reporter. thank you.
Please read this link. It is a very interesting story about a battle in Iraq. This story was reported by a Time reporter. thank you.
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