Tuesday, October 21, 2008
Iraq, Al-Qaeda And WMDs, Yet Again
by John Daum
I am amazed by the cultural amnesia regarding Iraq and al-Qaeda and weapons of mass destruction. It seems that once an idea has become a punch-line on Leno and repeated as a political talking point that that qualifies it is a historical fact. Marilyn Lloyd declares in her pro-Obama opinion piece, "However, there were no weapons of mass destruction or documented ties from 9-11 to this war." Her statement is a popular one and rhetorically effective in this election season, but it just doesn't hold up to anyone with access to any news services.
Let me jog your memory. Saddam Hussein provided funds, shelter and/or training to a variety of terrorist organizations including Abu Nidal, Ansar al-Islam, the Arab Liberation Front, Hamas, the Kurdistan Workers Party, the Mojahedin-e Khalq and the Palestine Liberation Front. There are also well-documented meetings, training sessions and funding of al-Qaeda operatives. I am not suggesting that Iraq was responsible for the 9/11 attacks, but the claim that there was no connection between Iraq and al-Qaeda and other terrorist groups is ahistorical.
As for the "weapons of mass destruction," the case is even more compelling. The intelligence services of France, Britain, Spain, Australia, Japan, Germany, Israel, as well as Jordan, Egypt, Iran and NATO all confirmed the existence of weapons of mass destruction in Iraq. As did, I might add, President Clinton, Vice President Gore, Sen. Edward Kennedy, Sen. John Kerry, Sen. Bob Graham, Sen. Barbara Boxer and other prominent Democrats.
One of the most interesting sources about WMD's in Iraq is Saddam himself. The invasion of Iraq yielded 3,000 hours of taped meetings of Hussein and his war cabinet as well as reams of documents related to WMD. In the tapes, Saddam gives instructions on transporting WMD's out of Iraq in the event of an invasion or UN inspections. The tapes also contain Saddam discussing Iraq's "special weapons" programs and quips about fooling UN weapons inspectors.
So where are all the weapons of mass destruction? Demetrius Perricos, president of the United Nations Monitoring, Verification and Inspection Commission and successor to Hans Blix, confirmed in June 2004 that Saddam had indeed smuggled WMD's out of Iraq before the war. Fifty-six sorties of commercial jetliners, with their seats removed, transported "aid" to Syria in 2002 when a dam burst there. This is where the WMD's are. Remember, our "diplomacy" via the United Nations provided Saddam with over two years to hide, dismantle and transport his WMD's. All of this information is a few clicks away on from sources like the AP and Reuters and the BBC.
It seems we have forgotten Associated Press stories like the 2003 discovery of 3,000 chemical suits found in military bases in central Iraq and the discovery of nerve gas antidote injectors in An Nasiriyah, Iraq. These types of news stories were commonplace at one time. I remember reading in USA Today about the discovery of schematics from U.S. elementary schools found on a CD-rom in a bunker in Iraq. News stories like this are easy to come by for anyone that is willing to read. Poland purchased 17 chemical weapons warheads for $5,000 each from the Iraqis to keep them off the market. These warheads were found to contain cyclosarin, a nerve agent more deadly than sarin. As recently as August 2005, U.S. troops discovered 1,500 gallons of chemical agents in a warehouse in Mosul, Iraq.
All of the liberals that want to champion the "fact" that no weapons of mass destruction were found in Iraq should be profoundly disturbed by that fact along with the rest of us. Hans Blix reported that there are 6,500 chemical weapons and four tons of biological agents that are unaccounted for. It's not a question of "if" Saddam ever had weapons of mass destruction, it's a question of where they are now and who will be in office when they turn up.
Muslim Brotherhood Website: Jihad Against Non-Muslims Is Obligatory
In his articles, the writer argues that according to this principle, a Muslim can come closer to Allah by hating all non-Muslims - Christians, Jews, atheists, or polytheists - and by waging jihad against them in every possible manner.
For full report, visit http://www.memriiwmp.org/content/en/report.htm?report=2877.
Electromagnetic Pulse (EMP) Attack: A Preventable Homeland Security Catastrophe
by Jena Baker McNeill and Richard Weitz, Ph.D.
Backgrounder #2199
A major threat to America has been largely ignored by those who could prevent it. An electromagnetic pulse (EMP) attack could wreak havoc on the nation's electronic systems—shutting down power grids, sources, and supply mechanisms. An EMP attack on the United States could irreparably cripple the country. It could simultaneously inflict large-scale damage and critically limit our recovery abilities. Congress and the new Administration must recognize the significance of the EMP threat and take the necessary steps to protect against it.
Systems Gone Haywire
An EMP is a high-intensity burst of electromagnetic energy caused by the rapid acceleration of charged particles. In an attack, these particles interact and send electrical systems into chaos in three ways: First, the electromagnetic shock disrupts electronics, such as sensors, communications systems, protective systems, computers, and other similar devices. The second component has a slightly smaller range and is similar in effect to lightning. Although protective measures have long been established for lightning strikes, the potential for damage to critical infrastructure from this component exists because it rapidly follows and compounds the first component. The final component is slower than the previous two, but has a longer duration. It is a pulse that flows through electricity transmission lines—damaging distribution centers and fusing power lines. The combination of the three components can easily cause irreversible damage to many electronic systems.[1]
An EMP attack on the United States could materialize in two forms: nuclear and non-nuclear. The most devastating form, and most difficult to achieve, is an EMP that results from a nuclear weapon. This form destroys any "unhardened" electronic equipment and electric power system— which means virtually any civilian infrastructure in the United States. The pulse occurs when a nuclear weapon explodes above the visual horizon line at an altitude between 40 and 400 kilometers. The detonation of the nuclear warhead releases photons in the form of gamma radiation and x-rays. These energetic particles scatter in every direction away from the blast. Many of the particles descend and interact with the magnetic field lines of the Earth, where they become trapped. The trapped electrons then create an oscillating electric current within the field, which rapidly produces a large electromagnetic field in the form of a pulse. Once the pulse reaches electronic equipment, it negatively interacts with them and either disables, damages, or destroys them. An EMP generated by a nuclear weapon could affect all critical infrastructures that depend on electricity and electronics within the vicinity of the nuclear warhead blast radius. A nuclear weapon with a burst height of approximately 100 kilometers could expose objects located within an area 725 miles in diameter to the effects of EMP.[2]
A non-nuclear, or improvised, EMP is a radio-frequency (rather than gamma or x-ray frequency) weapon. While easier to conceal and not requiring a missile, a non-nuclear EMP must be detonated close to the target and does not produce as much damage as the nuclear version, affecting largely localized areas.[3] But such a weapon could be harnessed as an "E-Bomb" (electromagnetic bomb), a stand-alone weapon that is easier to hide and maneuver. It is difficult to estimate the exact damage of an improvised attack, but in 1993 EMP testing by the U.S. military shut down engine controls 300 meters away at a contractor site.[4] Not large-scale by any means, but damaging enough to cause concern.
It was not until the United States began high-altitude testing of nuclear weapons over the Pacific in the early 1960s that the potentially devastating effects of EMP on even distant ground targets attracted widespread attention within the U.S. defense community. In the 1962 Starfish Prime test, during which a nuclear weapon was detonated 400 kilometers (250 miles) above Johnston Island in the Pacific, electrical equipment more than 1,400 kilometers (870 miles) away in Hawaii was affected. Street lights, alarms, circuit breakers, and communications equipment all showed signs of distortions and damage.[5]
In 1997 and 1999, the House National Security Committee and the House Military Research and Development Subcommittee held hearings on the potential threats to civilian systems in America from an EMP attack. Congress subsequently established the Commission to Assess the Threat to the United States from an Electromagnetic Pulse (EMP) Attack, also known as the Graham Commission after its chairman, William Graham (former science advisor to President Ronald Reagan). The Commission issued a report in 2004 that evaluated the threat to the U.S. from an EMP attack, ...
SHOT IN THE FANNIE MAE
Not political - Educational!!!!
ACT! for America’s “Voter Guide 2008
I am delighted to announce the launch of ACT! for America’s “Voter Guide 2008.” This voter guide is a truly ground-breaking project that injects into the public and electoral debate issues such as sharia law and sharia-compliant finance, issues we are sure many candidates for federal office have never faced before.
The ACT! for America staff emailed and mailed issues questionnaires to over 1,000 candidates for President, U.S. Senate and U.S. House of Representatives. To see how candidates responded, please click here.
With the election only two weeks away, people are paying very close attention to what candidates are saying and doing. This is the ideal time to inform people about how candidates stand on the issues we address in the candidate questionnaire.
So I would ask you that, even before you go to our website to check out how candidates have responded, please forward this email to everyone you know. You can forward using our forwarding device, which you’ll find at the very bottom of this email, or simply forward it using your email client.
As you can imagine, this has been a very involved, very time-consuming project, that has required extensive human and financial resources. If you are able to help support the cost of this project with a contribution, please click here. We would greatly appreciate any help you can provide us.
Thank you so much, our patriotic members, for your continued commitment to exposing and resisting the threat of radical Islam. Thank you for rising in defense of our security, our liberty and our values. Thank you for the time and resources you give to this very important effort. With your continued support we will continue to move forward in our mission to roll back the threat that we know is all too real. I give you my promise, that we at ACT! for America are committed to serving you and our country to ensure that our leaders are monitored and held accountable for their decisions and that we will continue to mobilize, educate and give power to the average citizen who is the backbone of our great nation.
Always devoted,
Brigitte Gabriel
Obama & DNC admit all allegations in Berg v. Obama
Obama & DNC Admit All Allegations of Federal Court Lawsuit - Obama’s “Not” Qualified to be President
Obama Should Immediately Withdraw his Candidacy for President
For Immediate Release: - 10/21/08 - Complete contact details and pdfs of this press release and motions filed by plaintiff Berg today are at the end of this article
(Lafayette Hill, Pennsylvania – 10/21/08) - Philip J. Berg, Esquire, the Attorney who filed suit against Barack H. Obama challenging Senator Obama’s lack of “qualifications” to serve as President of the United States, announced today that Obama and tbe DNC “ADMITTED”, by way of failure to timely respond to Requests for Admissions, all of the numerous specific requests in the Federal lawsuit. Obama is “NOT QUALIFIED” to be President and therefore Obama must immediately withdraw his candidacy for President and the DNC shall substitute a qualified candidate. The case is Berg v. Obama, No. 08-cv-04083.
Berg stated that he filed Requests for Admissions on September 15, 2008 with a response by way of answer or objection had to be served within thirty [30] days. No response to the Requests for Admissions was served by way of response or objection. Thus, all of the Admissions directed to Obama and the DNC are deemed “ADMITTED.” Therefore, Obama must immediately withdraw his candidacy for President.
OBAMA - Admitted:
1. I was born in Kenya.2. I am a Kenya “natural born” citizen.
3. My foreign birth was registered in the State of Hawaii.4. My father, Barrack Hussein Obama, Sr. admitted Paternity of me.
5. My mother gave birth to me in Mombosa, Kenya.6. My mother’s maiden name is Stanley Ann Dunham a/k/a Ann Dunham.
7. The COLB [Certification of Live Birth] posted on the website “Fightthesmears.com” is a forgery.8. I was adopted by a Foreign Citizen.
9. I was adopted by Lolo Soetoro, M.A. a citizen of Indonesia.10. I was not born in Hawaii.
11. I was not born at the Queens Medical Center in Hawaii.12. I was not born at Kapi’olani Medical Center for Women and Children in Hawaii.
13. I was not born in a Hospital in Hawaii.14. I am a citizen of Indonesia.
15. I never took the “Oath of Allegiance” to regain my U.S. Citizenship status.16. I am not a “natural born” United States citizen.
17. My date of birth is August 4, 1961.18. I traveled to Pakistan in 1981 with my Pakistan friends.
19. In 1981, I went to Indonesia on my way to Pakistan.20. Pakistan was a no travel zone in 1981 for American Citizens.
21. In 1981, Pakistan was not allowing American Citizens to enter their country.22. I traveled on my Indonesian Passport to Pakistan.
23. I renewed my Indonesian Passport on my way to Pakistan.24. My senior campaign staff is aware I am not a “natural born” United States Citizen.
25. I am proud of my Kenya Heritage.26. My relatives have requested changes to the portion of my birth certificate that identifies my first name.
27. My relatives have requested changes to the portion of my birth certificate that identifies my last name.28. My relatives have requested changes to the portion of my birth certificate that identifies my place of birth.
29. I requested changes to the portion of my birth certificate that identifies my first name.30. I requested changes to the portion of my birth certificate that identifies my last name.
31. I requested changes to the portion of my birth certificate that identifies my place of birth.32. The document identified as my Indonesian School record from Fransiskus Assisi School in Jakarta, Indonesia is genuine.
33. I went to a Judge in Hawaii to have my name changed.34. I went to a Senator and/or Congressman or other public official in Hawaii to have my name changed.
35. I had a passport issued to me from the Government of Indonesia.36. The United States Constitution does not allow for a Person to hold the office of President of the United States unless that person is a “natural born” United States citizen.
37. I am ineligible pursuant to the United States Constitution to serve as President and/or Vice President of the United States.38. I never renounced my citizenship as it relates to my citizenship to the country of Indonesia.
39. I never renounced my citizenship as it relates to my citizenship to the country of Kenya.40. I am an Attorney who specializes in Constitutional Law.
41. Kenya was a part of the British Colonies at the time of my birth.42. Kenya did not become its own Republic until 1963.
43. I am not a “Naturalized” United States Citizen.44. I obtained $200 Million dollars in campaign funds by fraudulent means.
45. I cannot produce a “vault” (original) long version of a birth certificate showing my birth in Hawaii.46. My “vault” (original) long version birth certificate shows my birth in Kenya.
47. The only times I was to a Hospital in Hawaii was for check-ups or medical treatments for illnesses.48. Queens Medical Center in Honolulu, Hawaii does not have any record of my mother, Stanley Ann Dunham (Obama) giving birth to me.
49. Kapi’olani Medical Center for Women and Children in Honolulu, Hawaii does not have any record of my mother, Stanley Ann Dunham (Obama) giving birth to me.50. I was born in the Coast Province Hospital in Mombasa, Kenya.
51. I represented on my State Bar application in Illinois that I never used any other name other than Barack Hussein Obama.52. I went by the name Barry Soetoro in Indonesia.
53. My Indonesian school records are under the name of Barry Soetoro.54. I took an Oath to uphold the United States Constitution when admitted to the State Bar of Illinois to practice Law.
55. I took an Oath to uphold the United States Constitution when I was Sworn into my United States Senate Office.56. I hold dual citizenship with at least one other Country besides the United States of America.
DNC - Admitted:
1. The DNC nominated Barrack Hussein Obama as the Democratic Nominee for President.Our website obamacrimes.com now has 50.7 + million hits. We are urging all to spread the word of our website – and forward to your local newspapers, radio and TV stations. Berg again stressed his position regarding the urgency of this case as, “we” the people, are heading to a “Constitutional Crisis” if this case is not resolved forthwith.2. The DNC has not vetted Barrack Hussein Obama.
3. The DNC did not have a background check performed on Barrack Hussein Obama.4.The DNC did not verify Barrack Hussein Obama’s eligibility to serve as President of the United States.
5. The DNC admits Barrack Hussein Obama was born in Kenya.6. The DNC admits Barrack Hussein Obama is not a “natural born” United States citizen.
7. The DNC admits Barrack Hussein Obama was not born in Hawaii.8.The DNC admits they have not inquired into Barrack Hussein Obama’s citizenship status.
9. The DNC admits they have a duty to properly vette the Democratic Nominee for President.
10.The DNC admits Lolo Soetoro, M.A., an Indonesian citizen adopted Barrack Hussein Obama.
11. The DNC admits the Credentials Committee has been aware of this lawsuit since August 22, 2008 as the lawsuit was faxed to our Washington D.C. Office on August 22, 2008.
12. The DNC admits their Credentials Committee failed to verify and/or inquire into the credentials of Barack Hussein Obama to serve as the President of the United States.
13. The DNC admits their Credential Committee’s Report failed to address the issues of Barack Hussein Obama’s ineligibility to serve as President of the United States.14.The DNC admits Howard Dean, Chair Person has and had knowledge Barack Hussein Obama was born in Kenya and ineligible to serve as the President of the United States.
15. The DNC admits Plaintiff and all Democratic citizens of the United States have been personally injured as a result of not having a qualified Democratic Presidential Nominee to cast their votes upon.16. The DNC admits Plaintiff and all citizens of the United States have a Constitutional Right to vote for the President of the United States and to have two (2) qualified candidates of which to choose from.
17. The DNC admits Plaintiff and all citizens of the United States have a Constitutional right to have a properly vetted Democratic Presidential Nominee of which to cast their vote.18. The DNC admits an FBI background check is not performed on the Presidential or Vice Presidential Candidates.
19. The DNC admits the United States Constitution does not allow for a Person to hold the office of President of the United States unless that person is a “natural born” United States citizen.20. The DNC admits they collected donations on behalf of Barack Hussein Obama for his Presidential campaign.
21. The DNC admits Plaintiff and Democratic citizens donated money based on false representations that Barack Hussein Obama was qualified to serve as the President of the United States.22. The DNC admits if Barack Hussein Obama is elected as President and allowed to serve as President of the United States in violation of our Constitution, it will create a Constitutional crisis.
23. The DNC admits Barack Hussein Obama took an Oath to uphold the United States Constitution.24. The DNC admits allowing a person who is not a “natural born” citizen to serve as President of the United States violates Plaintiff’s rights to due process of law in violation of the United States Constitution.
25. The DNC admits allowing a person who is not a “natural born” citizen to serve as President of the United States violates Plaintiff’s rights to Equal Protection of the laws in violation of the United States Constitution.26. The DNC admits the function of the DNC is to secure a Democratic Presidential Candidate who will protect Democratic citizen’s interests, fight for their equal opportunities and fight for justice for all Americans.
27. The DNC admits the Democratic National Committee has been promoting Barack Hussein Obama’s Presidential election knowing he was ineligible to serve as President of the United States.
Philip J. Berg, Esquire
555 Andorra Glen Court, Suite 12
Lafayette Hill, PA 19444-2531
Cell (610) 662-3005
(610) 825-3134
(800) 993-PHIL [7445]
Fax (610) 834-7659
philjberg@obamacrimes.comThis e-mail address is being protected from spambots. You need JavaScript enabled to view it
Cowering in the Geopolitical Corner: When We’re Weak, We’re Vulnerable
.... There’s a lesson to be learned here, and it is this: when the cat’s away, the mice will play.
....Within the next four years, I fear that one or more foreign events will occur — upheaval in Pakistan, the nuclearization of Iran, a Russian invasion of another European ally, a Chinese attack on Taiwan, more North Korean roguery, another war in Lebanon, the collapse of Iraq, an all-out attempt to liquidate Israel, a catastrophic terrorist attack — that will overshadow, dwarf, and to some degree exasperate, our current anxieties on the home-front. And it will be then, and only then, that we will all collectively realize what we have done as a country, in electing a young, unknown novice — a weak man, to put it bluntly — over the well-known steady-hand and statesmanship of the elder John McCain.
Egads! - Biden Guarantees International Crisis if Obama Elected
Could Senator Biden be warning us that Senator Obama is not prepared to be Commander in Chief of the world superpower’s armed forces? Or, as John Bolton, former United States Ambassador to the United Nations put it, “Leaders around the world see Obama as soft, untested, weak and very naïve”….
"I can give you at least four or five scenarios from where it might originate," Biden said at a fund raiser, mentioning the Middle East and Russia as possibilities. "And he's gonna need help. And the kind of help he's gonna need is, he's gonna need you - not financially to help him - we're gonna need you to use your influence, your influence within the community, to stand with him.”
"You literally can see what these kids are up against, our kids in that region," Biden said in recalling when his helicopter was forced down due to a snowstorm there. "The place is crawling with al Qaeda. And it's real." Well, we could have told you that, Senator Biden. And based on how your candidate has stated time and again he’d like to deal with al-Qaeda (that is, run in the opposite direction), it does not make us feel safe that you two are on the threshold of a place where you probably should not be.
Massive Fund Raising Misdeeds Prove Obama is Bought, But Who owns Him?
(Compiler's note: A must read article. rca)
Having dug through the FEC and Obama's contribution reports, is the damning information there enough to get Obama defeated, if not impeached? ....
In July, Obama boasted that, as of May 31, his contributor base numbered some 1.5 million people, with one-fourth, or $66.25 million of his $265 million, coming from those contributing $2,000, or more... some 33,200 people. Thus, the remainder, or $198.75 million, came from some 1.47 million people, each contributing $5, $10, $20... or, as Obama assured us, "whatever they could afford."
While it is true that Obama is the kind of guy who could read Bill Clinton's golf scorecard and make it sound convincing, simple arithmetic should have told him that $198.75 million dollars cannot be contributed by 1.47 million people in "$5, $10, or $20" amounts. Each of those 1.47 million people would have had to contribute, on average, $135 to create a pool of $198.75 million... and that simply does not happen. It has never happened before in American politics and it is not happening now.
But now, just days before the election, the Obama campaign has compounded their sins. They are now reporting that their contributor base has increased from 1.5 million to 2.5 million and that the total amount raised now approaches $600 million. If we can assume that 25% of their contributions still come from individuals giving $2,000 to $2,300, that base has now grown from 33,200 individuals to 65,000 in a time span of just three months, and the number of individuals contributing modest amounts... "$5, $10, $20, or whatever they could afford"... is now up from 1.47 million to 2.43 million, each contributing, on average, $185.
Anyone who believes that is actually happening will believe almost anything. So how are they doing it?
In our July 25 column we pointed out that UBS Americas, headed by Robert Wolf... along with George Soros, one of Obama's top two money men... had been accused of highly unethical and illegal banking practices in six months of hearings by the Senate Permanent Subcommittee on Investigations. According to an article in The Nation, UBS Americas, a subsidiary of UBS, of Zurich, Switzerland, has advised wealthy Americans, including many of our worst villains, how to shelter funds from the IRS, as well as from prosecutors, creditors, disgruntled business associates, family members, and each other.
In a Statement of Facts in the recent criminal trial of former UBS executive Bradley Birkenfeld, it was alleged that UBS took extraordinary steps to help American clients manage their Swiss accounts without alerting federal authorities. For example, UBS advised American clients to avoid detection by using Swiss credit cards to withdraw funds, to destroy all existing off-shore banking records, and to misrepresent the receipt of funds from their Swiss accounts as loans from the Swiss bank. According to The Nation, UBS established an elaborate training program which taught bank employees how to avoid surveillance by U.S. Customs and law enforcement, falsify visas, encrypt communications, and secretly move money in and out of the country... "
It is the perfect instrument for funneling illegal campaign contributions into the coffers of an unscrupulous American politician. Putting two and two together, I suggested that a very wealthy individual, or cartel, wishing to influence the election of the President of the United States, could transfer unlimited sums of money through this device. A U.S. recipient, such as the Obama campaign, could receive hundreds of thousands of individual contributions via Swiss credit card transfers, with fictitious payees being entered by teams of paid staffers working in a "boiler room" setting. The owners of the Swiss accounts would receive periodic statements indicating: a) debits of varying amounts, up to $2,300 each, and b) offsetting credits provided by the cartel, or by the wealthy, but unnamed, "international financier."
For most of the super wealthy, especially those attempting to hide income and assets from U.S. authorities, an unexplained debit and credit of $2,300, or less, would not even raise an eyebrow. So who would ever know the source of such contributions? No one.
Now, in an October 20 article in Newsmax, writer Kenneth Timmerman provides details from Federal Election Commission records that give substantial weight to my theory. In studying Obama's FEC filings, Newsmax found more than 2,000 donors who had given substantially more than their $4,600 limit ($2,300 in the primaries and $2,300 in the General Election). The law requires that such excess contributions must be returned to the donor within 60 days of the donor going over his/her limit. However, many of the donors contacted by Newsmax said that they had not been contacted by the Obama campaign and that they had not received refunds.
But these are relatively minor infractions compared to 66,383 highly suspicious contributions, from 37,265 donors, whose contributions were not rounded to even dollar amounts. For example, Timmerman tells us that John Atkinson, an insurance agent in Burr Ridge, Illinois, gave a total of $8,724.26. He gave in odd amounts such as $188.67, $1,542.06, $876.09, $388.67, $282.20, $195.66, $118.15, and one of $2,300.
Sandra Daneshinia, a self-employed caregiver of Los Angeles, made 36 separate contributions totaling $7,051.12. Thirteen of her contributions were later refunded. However, in an odd coincidence those 13 refunds, in amounts such as $233.88 and $201.44, came to an even $2,300, the maximum amount allowable in any one election.
One contributor interviewed by Newsmax, Ronald J. Sharpe, Jr., a retired schoolteacher from Rockledge, Florida, is reported to have given $13,800... $9,200 over his limit. However, Mr. Sharpe does not remember giving that much money to Obama, nor has anyone from the campaign ever contacted him about a refund.
Of the 66,383 contributions in odd amounts, 44,410 were in unrounded amounts of less than $100, 15,269 contributions were in unrounded amounts of between $101 and $999, and 704 contributions were in odd amounts greater than $1,000.
Lest anyone suggest that these 37,265 donors either emptied their piggy banks or emptied their pockets and purses periodically and just sent it all to Obama, pennies and all, allow me to suggest something a tiny bit more Macheavellian. Those 66,383 contributions are the proceeds of conversions of foreign currency, smuggled into the country in foreign credit card receipts, and converted to U.S. dollars.
According to a Newsmax analysis, the Obama campaign finance reports contain some 370,500 unique names... a far cry from the 2.5 million contributor base claimed by the campaign. Of course, when your money is coming in large chunks from offshore accounts, such as hundreds of thousands of dollars at a time from the Middle East and from Third World African countries, then laundered though UBS accounts in Zurich, it takes a bit of creativity to put authentic-sounding names on all of it for the FEC records.
How massive is this crime? Since the Obama campaign has refused to disclose their complete contributor list (they continue to hide the identities of some 2 million donors), as the McCain campaign has done, Newsmax estimates that "Obama is financing his presidential campaign with anywhere from $13 million to a whopping $63 million from overseas credit cards or foreign currency purchases."
Given the massive voter registration fraud committed by Obama's supporters, the fraudulent votes already cast in early voting by itinerant out-of-state voters, and the massive crime involved in accepting tens of thousands of illegal foreign contributions, John McCain and Sarah Palin simply must close the gap in the closing days of the campaign. If not, we will inaugurate a man on January 20 who will have to be impeached before his wife has a chance to measure the White House for new draperies.
U.S. Headed for Capitalism/Socialism Hybrid
No German minister will have held such sway over Germany's economy since Albert Speer was put in charge of the country's entire production capacities by Adolf Hitler in 1942.
According to the Financial Times, such was the power turned over to German Finance Minister Peer Steinbruck last week. A little late in the day to rattle thousands of German gazillionaires who have long concealed their wealth next door in Switzerland — or further afield in the tiny island nations of the Caribbean, Cyprus, Mauritius in the Indian Ocean, Nauru and Vanuatu in the Pacific, and the lesser-known emirates of the Gulf (e.g., Sharjah, part of the United Arab Emirates).
The global financial meltdown had numerous Paul Reveres as messengers of coming battles. Two years ago, congressional committees heard testimony from experts who described derivatives as "a ticking global time bomb."
Unregulated hedge funds, which have been making 30 percent or more a year for their wealthy clients ($1 million, and $5 million to $10 million initiation fees), were shortcuts to the exploding billionaires club (up from 350 to 1,150 in less than a decade). To make it in the top 25 hedge funds, managers made approximately $400 million a year — each.
Joe the plumber wouldn't know how to describe a hedge fund. Not surprising, as it is a de facto closed club for wealthy individuals and institutions, which use aggressive strategies unavailable to mutual funds, including selling short, program trading, swaps, arbitrage and derivatives.
Two years ago, a top trader at Goldman Sachs was rewarded with a $70 million year-end bonus out of $16.5 billion earmarked for fringe benefits that year. He was insulted. Thought he was worth a lot more. So he turned it down, quit, created his own hedge fund, and made $320 million his first year. Median income for four-person American families: $61,000.
In September's market turmoil, withdrawals from U.S. hedge funds alone hit $43 billion. A total of $150 billion is expected to exit before year's end, which compels managers to sell assets worth about $400 billion. Some fund managers offered to wave fees if their clients agreed to stay on till March. Liquidity is now the mantra for the mega-rich.
Casino capitalism, crony capitalism or bandit capitalism, call it what you will, except democratic. So a course correction to the left in the United States Nov. 4 will surprise no one.
The hedge funds alone produced almost $200 billion for their guilt-edged portfolios — out of $2 trillion. Fund managers take 20 percent of any and all profits on top of 1 percent to 2 percent of assets as annual management fees.
European officials have compared the current global financial upheaval and the European Union's response with the collapse of the Soviet empire beginning Nov. 9, 1989, with the fall of the Berlin Wall and with al-Qaida's Sept. 11, 2001, attacks against the twin towers and the Pentagon, the two symbols of U.S. financial and military power.
The 15 European nations that adopted a common euro currency concluded this was a propitious time to curb superstar emoluments. Similar warnings echoed in London and Washington.
America's European allies are calling for a new Bretton Woods, the historic New Hampshire conference at the end of World War II that created the World Bank and the International Monetary Fund — and acknowledged the United States as the world's financial and economic leader that it has been ever since.
The Europeans have concluded the global nerve center in Washington needs rebooting. Some are even saying a new economic system, a sort of hybrid of capitalism and socialism, will spring from the current wreckage on the edge of the precipice.
State-sponsored recapitalization of banks to avoid a meltdown is the first step in that direction.
The first manifestation of this new economic phenomenon was the way the United States forced nine major banks to accept partial nationalization. In jeopardy now is the system that allowed the United States to borrow $2 billion to $3 billion a day from the rest of the world to maintain the world's highest standard of living, based on conspicuous consumption, at a time of growing world shortages.
Iceland, a NATO ally, was the first "First World" nation to go belly up. The small, riches-to-rags island of 350,000 people, who read more books per capita than any other country in the world, also made a living as banker to a wide variety of tax dodgers.
They were all wiped out, including 300,000 Britishers who kept money on ice below their national radar screens, when Iceland declared bankruptcy and appealed to Russia for a $5 billion loan.
Pakistan, one of the world's eight nuclear powers, and a "major non-NATO ally, was also bankrupt. Its new president, Asif Zardari, who returned from his meeting with President Bush empty-handed, as nothing could be guaranteed pending a clean slate in Washington, flew off to China to seek $1.5 billion.
China is also Pakistan's longtime close friend that has been granted anchorage rights at the new naval base of Gwadar in Baluchistan on the Arabian Sea, near the mouth of the Gulf of Oman and the Persian Gulf. China also has concession rights for developing vast mineral resources near the tri-border area of Pakistan, Iran, and Afghanistan.
The presidential election — short of an October surprise — looms as a likely Republican trainwreck. The postmortems will run billions of words. The national debt during Mr. Bush's eight years in the White House has almost doubled to $10 trillion. And next year's budget is projected to run a $500 billion deficit, a sharp plunge from the $750 billion surplus projected when Bill Clinton left office. Americans without health insurance have grown by 7 million, while average premiums have almost doubled. And U.S. forces have been fighting for a year longer than they did in World War II.
The 83 percent of Americans who have told pollsters they believe the United States is headed in the wrong direction abroad also list "improving America's standing in the world" as a priority objective for the new president. "A genuine and complete reform" of the world's financial architecture, as wide-ranging as Bretton Woods was for the post-World War II world, is now the challenge posed by the European allies.
SENIOR AL QAIDA LEADER REPORTED KILLED IN PAKISTAN
from World-Check
Bilal Abdullah (UID 657012) and Mohammed Asha (UID 652144) are currently on trial in London. They are charged with conspiring to murder and causing explosions. They are alleged to have been behind the June 2007 car bomb attacks in London and at Glasgow's International airport. Asha was reportedly the mastermind behind the attacks and the financier. Both deny the charges. Our Terrorism and Insurgency Research Unit (TIRU) will be monitoring the events closely and updating the profiles with verdicts and sentences if applicable as soon as the information becomes available. ....
Welcome to Islamberg: the terrorists of Middle America?
By Wes Vernon
The enemy is here?
Investigative reporter Paul Williams has located at least 13 of these facilities in America. They are generally located in remote, rural, or outskirt suburban communities — possibly in an effort to draw as little attention to themselves as possible.
These compounds — at least one of which is about 70 acres — have been described by investigators as having unmarked walls of "gated" structures, with guard shacks where armed men stand ready to ward off any strangers.
They are home to members of Jamaat al-Fuqra ("Community of the Impoverished"). Williams traces the origins of this group to Palestinian cleric Sheikh Mubarak Ali Gilani.
In his book The Day of Islam, the Annihilation of America and the Western World, Williams quotes Gilani as stating that the purpose of his group is to "purify Islam through violence." The gated communities "were set up to serve as havens where young Muslims — primarily inner-city black men who became [Muslim] converts in prison — could begin a new life." The sheikh describes the compounds as "Hamaats."
Anywhere near you?
As of the book's publication (last year), the "communities" were located in Hancock, N.Y.; Deposit, N.Y.; Hyattsville, Md.; Red House, Va.; Falls Church, Va.; Macon, Ga.; York, S.C.; Dover, Tenn.; Buena Vista, Colo.; Talihina, Okla.; Tulane County, Calif.; Commerce, Calif.; and Onalaska, Wash.
All — as you will notice — are located away from densely populated urban centers — the better to avoid curious strangers.
Military-style discipline
The findings of Williams and of Douglas Hagmann, chief investigative officer of the Northeast Intelligence Network (NIN) — focus mainly on the facility at Hancock, N.Y. It is described as a "boot camp with trailers for recruits, a firing range, and a military training area replete with obstacle courses." It also contains "two central structures for religious training, education, and community gatherings."
Its own university
Sheikh Gilani has even ventured into academia to further his cause. Every year, his International Quranic Open University sends scores of American Muslims to Pakistan "reportedly for guerilla training." They are granted a degree in higher education on the condition that they return to the "Hamaats" (encampments) back in their home countries. Gilani has written that the highest duty of the university students is to wage jihad against "the oppressors of Muslims."
Citizens of what is called "Islamberg" and the other Fuqra communes are required to sign an oath saying, "I shall always hear and obey and whenever given the command, I shall readily fight for Allah's sake."
Terrorists in your neighborhood?
The aforementioned Douglas Hagmann — whose NIN agency is a multi-state licensed private investigative company with many Fortune 500 clients, and a member of the International Counter-Terrorism Officers Association — has submitted the following among the results of his probe in Hancock, much of it from people living near the compound:
- "We hear bursts of gunfire all the time, and we know that there is military-like training going on there. Those people are armed and dangerous."
- "We don't even slow down when we drive by. They own this mountain and they know it, and there is nothing we can do but move, and we can't even do that. Who wants to buy a property next to that?"
For obvious reasons, Hagmann said, the residents did not want to be identified. They are easy targets, as it is.
Small explosions and automatic and large caliber weaponry are heard. No one not affiliated with their organization is allowed to enter. No marked law enforcement vehicle is ever seen entering there. Most visitors to the compound — numerous and frequent — use late model SUVs, many with license plates from Michigan, Ohio, South Carolina, and Tennessee. Unmarked box trucks deliver unknown items, many drivers appearing to be of Middle Eastern origin. Many guests are in Middle Eastern attire.
Crime
Over the years, writes Williams, "Numerous members of Jamaat al-Fuqra have been convicted in courts of such crimes as conspiracy to commit murder, firebombing, smuggling, and workers compensation fraud." Others are leading suspects in ten unsolved assassinations and seventeen fire bombings.
In 2001, a resident of the Red House, Va., community was charged in the murder of a sheriff's deputy. And by 2004, investigators had evidence purportedly linking the group to D.C. Beltway "sniper killer" John Allen Muhammad and London "shoe bomber" Richard Reid. Also, Wall Street Journal reporter Daniel Pearl — according to news dispatches — was killed while trying to secure an interview with Sheikh Gilani in Pakistan.
Different tactics in different locations?
Not all of the thirteen Islamic compounds are exactly alike. Some are more overtly troubling than others. Locals who have reported back to their home news media and in web postings leave the impression in the composite that some of the camps have a better sense of public relations with the neighboring community.
As noted above, the Hancock, N.Y., and Red House, Va., facilities have caused deep concern about the issue of militarism. In York, S.C., on the other hand, Gilani's operation is — on its face — not seen as necessarily militarist. But reports of the more militant operations elsewhere have circulated — mostly by word of mouth — and locals there tend to believe the facility's "open community events" are for show — public relations — or as one suspicious York resident has put it — "a clever PR effort to put a friendly face on an organization that has a much darker history."
Reports not pretty
On a PBS news program, reporter Deborah Amos featured findings by investigator Susan Fenger, who had probed the group in Colorado. She says there are numerous links between Al-Fuqra and al-Qaeda.
Law enforcement, anyone?
The authorities, local and federal, appear very reluctant to deal with what are obviously training sites for jihad. What does it take to galvanize them into action? Are they afraid? Afraid of harassment accusations from the ACLU? Afraid of being demagogued by politicians who argue that we can't take preventive action until millions are killed? What do we do then? Read them their Miranda rights? What does it take?
What we need on Capitol Hill is a revival of the House and Senate committees that used to investigate subversion on our soil. Don't hold your breath for that to happen. Any chance the major presidential candidates might say something about this? Now we're really dreaming over the top.
Powder-laced letters sent to banks in 9 cities
WASHINGTON – At least 30 letters containing suspicious powder have been mailed to Chase banks in nine cities but so far appear to be harmless, authorities said Tuesday.
The FBI said it was investigating "a series of letters sent to banks around the country."
"These threat letters contain a powder substance," the FBI said in a statement. "At this point, field tests on the powder have been negative. Additional testing will be completed. Even sending a hoax letter is a serious crime."
A law enforcement official said the letters were mailed to Chase bank branches in or near Atlanta; Chicago; Columbus, Ohio; Dallas; Denver; Newark, N.J.; New York City; Oklahoma City; and Washington.
The letters all appear to be from the same source and were sent from Texas, the official said. They began showing up at the banks on Monday, according to the official who spoke on condition of anonymity because he was not authorized to discuss the matter publicly.
A city official in suburban Chicago, where two letters showed up at a Chase credit card processing center, said they were mailed from Amarillo, Texas. ....
Offshore Oil Rigs Risk Hitting CW Dumps, Expert Says
Companies scouring the
Between World War I and the early 1970s, the U.S. Army plunged roughly 64 million pounds of chemical weapons into
Material dropped near
"If you put an oil platform on top of one of those piles, it will be a concern. You don't want to be on a platform on top of this stuff," said environmental health expert Richard Albright. “There is enough of this stuff out there that they will want to check and see if the area is clear."
In September,
No scientific studies have examined the potential effects of oil drilling on the chemical weapons deposits, Albright said.
"If they hit a site with their depth charge, there is going to be a problem. There's a risk there, but not enough to not do the drilling," he said, adding that breaking open a chemical-weapon container “could be a threat to the guys who may be breathing it before they even know it” (Donna Weaver, Press of Atlantic City, Oct. 19).
Monday, October 20, 2008
Bin Laden's plan for 'global fireball'
LONDON -- Documents recovered from a remote area along the Pakistan border have revealed that Osama bin Laden wants al-Qaida to launch a "global fireball" by lighting forest fires in Europe, the United States, Australia and South America, according to a report from Joseph Farah's G2 Bulletin.
The documents were uncovered during an operation led by the British intelligence service MI6, and now have been described by experts in that agency as "the most worrying [plot] that the world is facing."
The catastrophic wildfires would not only produce an environmental disaster but would stretch emergency services often beyond their limit and leave insurance companies facing multi-billion claims for damages that could effectively destroy the already shattered economies of a number of countries.
Australia, gripped by years of drought that has left tinderbox conditions as summer now approaches, regards the threat as "terrifying."The country's attorney-general, Robert McClelland, warned there is "a most urgent need for renewed vigilance against a very real and present danger."
The FBI has issued a high priority warning that "such a terrorist plan could devastate states like California."
Spain, France and Germany -- all with vast forests -- are "vulnerable," MI6 warned the intelligence services of those countries. "The Amazon Basin, and other forests which supply the world with wood, is another prime target," the warning added.
The instructions for a "global fireball" were among documents recovered in the Pakistan border raid on an al-Qaida safe house.
The author was Abu Musab al-Suri, who wrote the terrorist textbook, "The Global Islamic Resistance Call."
The 50-year-old Syrian-born terrorist was seized by U.S. Special Forces in Quetta, Pakistan, in 2005.
There are reports that he was flown to Egypt for interrogation by CIA officers and remains in one of Egypt's secret prisons.
But other reports suggest that, in a deal with Syria, al-Suri has been released and is now in Baghdad planning attacks against Israel.
Obscure Tax Breaks Increase Cost of Financial Rescue
IRS and Treasury Take Series of Steps for Investors Caught Up in Crisis, Sparking Complaints of Overstepping Authority bailout
....Operating mostly under the radar screen, Congress, the Treasury Department and the Internal Revenue Service have been rolling back various provisions of the tax code to help out industries and investors caught up in the turmoil.
The most costly -- and most controversial -- of the moves provide billions in extra tax relief to big banks such as Wells Fargo & Co. and Spain's Banco Santander SA. Another change gives aid to investors stung by the auction-rate securities meltdown. Still another shift relaxes tax rules to help big multinationals bring back cash from overseas.
The total sums involved aren't clear, but the cost will easily amount to tens of billions of dollars, tax experts say.
The latest such move was unveiled on Tuesday, when the Treasury Department declared that the cash infusions for banks won't be considered "federal financial assistance." Normally, that type of funding would count as taxable income for the recipients, and could trigger other unfavorable tax consequences for banks receiving assistance that take part in mergers. ....
U.S. pledges millions to Mexico to stop cartels from crossing border
MEXICO CITY (AP) - U.S. drug czar John Walters said Friday that Mexico's drug cartels are crossing the border to kidnap and kill inside the United States, and promised that an anti-drug aid package to help Mexico to fight the gangs will be ready soon.
Walters, the director of the White House Office of National Drug Control Policy, was in Mexico for two days to discuss efforts with local officials to stem killings, weapons trafficking and money laundering by Mexican cartels and their U.S. associates.
"Some of these groups not only engage in crime and violence not only in Mexico and along the border, but they come across and kidnap, murder and carry out assassinations," Walters told reporters. "These groups do not respect the border."
Walters said some of the US$400 million in U.S. drug aid approved for Mexico earlier this year under the Merida Initiative could be ready in a matter of days. ....
Biden to Supporters: "Gird Your Loins", For the Next President "It's Like Cleaning Augean Stables"
ABC News' Matthew Jaffe Reports: Sen. Joe Biden, D-Del., on Sunday guaranteed that if elected, Sen. Barack Obama., D-Ill., will be tested by an international crisis within his first six months in power and he will need supporters to stand by him as he makes tough, and possibly unpopular, decisions.
"Mark my words," the Democratic vice presidential nominee warned at the second of his two Seattle fundraisers Sunday. "It will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We're about to elect a brilliant 47-year-old senator president of the United States of America. Remember I said it standing here if you don't remember anything else I said. Watch, we're gonna have an international crisis, a generated crisis, to test the mettle of this guy."
"I can give you at least four or five scenarios from where it might originate," Biden said to Emerald City supporters, mentioning the Middle East and Russia as possibilities. "And he's gonna need help. And the kind of help he's gonna need is, he's gonna need you - not financially to help him - we're gonna need you to use your influence, your influence within the community, to stand with him. Because it's not gonna be apparent initially, it's not gonna be apparent that we're right."
Not only will the next administration have to deal with foreign affairs issues, Biden warned, but also with the current economic crisis.
"Gird your loins," Biden told the crowd. "We're gonna win with your help, God willing, we're gonna win, but this is not gonna be an easy ride. This president, the next president, is gonna be left with the most significant task. It's like cleaning the Augean stables, man. This is more than just, this is more than – think about it, literally, think about it – this is more than just a capital crisis, this is more than just markets. This is a systemic problem we have with this economy."
The Delaware lawmaker managed to rake in an estimated $1 million total from his two money hauls at the downtown Sheraton, the same hotel where four years ago Sen. John Kerry, D-Mass., clinched the Democratic nomination. Despite warning about the difficulties the next administration will face, Biden said the Democratic ticket is equipped to meet the challenges head on.
"I've forgotten more about foreign policy than most of my colleagues know, so I'm not being falsely humble with you. I think I can be value added, but this guy has it," the Senate Foreign Relations chairman said of Obama. "This guy has it. But he's gonna need your help. Because I promise you, you all are gonna be sitting here a year from now going, 'Oh my God, why are they there in the polls? Why is the polling so down? Why is this thing so tough?' We're gonna have to make some incredibly tough decisions in the first two years. So I'm asking you now, I'm asking you now, be prepared to stick with us. Remember the faith you had at this point because you're going to have to reinforce us."
"There are gonna be a lot of you who want to go, 'Whoa, wait a minute, yo, whoa, whoa, I don't know about that decision'," Biden continued. "Because if you think the decision is sound when they're made, which I believe you will when they're made, they're not likely to be as popular as they are sound. Because if they're popular, they're probably not sound."
Biden emphasized that the mountainous Afghanistan-Pakistan border is of particular concern, with Osama bin Laden "alive and well" and Pakistan "bristling with nuclear weapons."
"You literally can see what these kids are up against, our kids in that region," Biden said in recalling when his helicopter was forced down due to a snowstorm there. "The place is crawling with al Qaeda. And it's real."
"We do not have the military capacity, nor have we ever, quite frankly, in the last 20 years, to dictate outcomes," he cautioned. "It's so much more important than that. It's so much more complicated than that. And Barack gets it."
After speaking for just over a quarter of an hour, Biden noticed the media presence in the back of the small ballroom.
"I probably shouldn't have said all this because it dawned on me that the press is here," he joked.
"All kidding aside, these guys have left us in a God-awful place," he then said of the Bush regime, promptly wrapping up his remarks. "We have the ability to straighten it out. It's gonna take a little bit of time, so I ask you to stay with us. Stay with us.
Taliban beheads bus passengers
Men traveling in civilian clothes to find work, although they claim that many of them were soldiers. In any case, the beheadings are sanctioned by Qur'an 47:4, which tells Muslims to "strike at the necks" of the unbelievers -- a verse routinely ignored by the televised pundits who have assured us repeatedly that the Qur'an says nothing about beheading.
"Taliban beheads bus passengers," from Agence France-Presse, October 20:
TALIBAN militants hijacked a bus in southern Afghanistan last week and killed as many as 40 passengers, authorities said, although only six beheaded bodies were recovered by today.A spokesman for the insurgent group confirmed the militia had seized the passenger bus in Kandahar province and said 27 on board were killed because they were soldiers.
The defence ministry denied they were troops.
Kandahar provincial police chief Mutihullah Khan Qatah said there were 50 passengers aboard the bus when it was ambushed on Friday in Maiwand district about 50km east of Kandahar city.
"Among them 10 people were released after they were said to be civilians. The rest of them were killed," he said.
Six bodies were in the district clinic and about two dozen more were believed to be in a Taliban-controlled area, Mr Qatah said later.
"We are still trying to find them."
The police chief said the men, all apparently aged between 20 and 25 and in civilian clothes, were from Kabul and travelling to Iran to seek work in the neighbouring country. Hundreds of Afghans work illegally in Iran....
Sunday, October 19, 2008
Bailout means we'll all suffer
U.S. Rep. Ron Paul, who has been an opponent of the government's bailout plan, spoke Friday with CNN's Kiran Chetry on "American Morning."
Ron Paul: "Give up on this idea that inflation solves everybody's problems."
The Texas Republican says the bailout's infusion of government money will lead to inflation, that our current monetary system is coming to end, and the market, not politicians, can best solve the economic crisis.
Kiran Chetry: The last time you were with us you explained why you were against the government's bailout plan, why you were voting against it, and you didn't believe focusing on buying these troubled assets was the smart thing to do. Since then, they've tweaked it and decided to buy stakes in some U.S. banks. Do you think that's a better strategy to help heal the economy?
U.S. Rep. Ron Paul: They tweaked it up. It started out as a three-page document and went up to 450 pages. Instead of $700 billion it's up to $850 billion. Reuters had a story out today. They estimate it's going to cost the American taxpayer about $5 trillion. It's tweaking in the wrong direction, and I don't think it's going to do any good whatsoever.
Chetry: The credit markets are starting to loosen up a bit, at least from what we've seen this week. Is that a sign that maybe it is working?
Paul: Maybe to some degree in the short run, but that just means we'll have more inflation. You can't create $5 trillion out of thin air and not expect inflation. So although the dollar may be up a little bit right now because the markets are a little calmer, this just means that in time we're going to all suffer and pay for this, and we're going to pay for it with higher prices. Watch Ron Paul warn of bitter economic times ahead »
This is the serious problem. It's the attack on the dollar system. They're trying to save the dollar, but this system that we've had since 1971 is nonviable, and it's coming to an end. That's what this whole story is about, the end of a monetary system that we've had since 1971.
Something has to give. You just can't create more money out of thin air and propping up everybody. It's an immoral system. You're asking the poor people to bail out the rich. You're asking the innocent people to bail out the guilty. You're asking people to just totally defy the Constitution because there's no place in the Constitution that says that we can do these things.
Besides, economically, it's a disaster. This is going to cause a great deal of harm. It's like a drug addict taking a strong fix, and he feels better for a day or two, but believe me, we're going to kill the patient. And the patient here is the dollar system and our entire world economy. I would say let's get off this addiction.
Chetry: Congressman, have you heard anything from either of the presidential candidates about their economic plans that you think are good things that need to be implemented?
Paul: No, not really, but it's tough to find out the good parts. I do think that John McCain has a better approach to the medical problem, and Obama has a better approach to trying to save some money by coming home from Iraq. We're spending $10 billion a month over there. We could save a lot of money, and that money should be spent back here. Quite frankly, how can we trust anybody? When it comes to the bailout, how do they differ? Both McCain and Obama come rushing back to Washington and vote for the bailout.
Chetry: It was approved in both houses. I know you voted against it. That leads me to another question. If Barack Obama ends up winning, it looks like the Democrats would have a trifecta in Congress, both houses and the White House. What does that mean for the American people and also for the GOP?
Paul: I mean, it's a disaster for the country and everybody because, even with all the shortcomings of John McCain, his strongest argument to be president is keep the Congress and the presidency in separate hands. The American people are going to be a lot better off if they're fighting a little bit instead of just having no restraints whatsoever. That's a poor reason to argue for McCain.
Chetry: I know what you're saying. Staff members writing on your own Web site say the Democratic takeover of both houses of Congress and the White House this November would be a "repudiation of false conservatism of the Republican Party." How do you get back to some of those fiscally conservative ideals?
Paul: It's going to be tough because you have to convince the American people that that's what we need. And everybody now is realizing in the country there's something seriously wrong with our whole financial system and our governmental system.
But the big question is: Does the majority of the American people believe the government can still take care of us, or should we get the government out of the way, quit spending money, balance the budget, bring our troops home, and let the American people keep the money they earn? That means drastically reducing taxes.
Get the government out of this overregulation, and give up on this idea that inflation solves everybody's problems. If inflation, that is the creation of new money, could solve everybody's problems, which they're claiming right now, nobody would ever have to work again. If $5 trillion could save this economy, why work? Just print money, and everybody will be happy.
They don't understand the idea that people have to work. People have to save, instead of consumers spending more money.
The market is saying you should back off, spend less money, and save money. Everybody says, no, don't save money. You're supposed to go out there and spend money.
The people who have saved in the last five years have money in the bank, and cash is good right now. They're going to buy up the bargains. They're going to get a good deal on a house. Prices on houses should come down. We shouldn't keep them artificially high. We shouldn't try to stimulate housing. There are too many houses. We should let the market make these decisions.
It's arrogant for the politicians and the bureaucrats to believe they can plan the economy and sort this all out. We've been doing it for all these years, and the monetary system is so confusing and so corrupt, that the sooner we get back to believing in ourselves, believing in freedom, believing in sound money, believing in the Constitution, we're going to solve these problems.
Right now there's a fight going on in this country. Our numbers are growing. We're not the majority, but our numbers are growing. And as this situation deteriorates, more people are going to say, hey, maybe it's right. Maybe limited government and freedom works. Maybe freedom is popular, and maybe freedom really works. And this idea that we have to depend on government for all these programs is an illusion.