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White House using Crisis to Catastrophe rhetoric again, this time Debt Ceiling

January 2, 2011 politisite 0

The top White House economic adviser warned lawmakers Sunday that the United States faces a catastrophe if Congress does not raise the debt ceiling, as spend-averse Republicans indicated they’d be willing to support the increase so long as certain conditions are met. The debt ceiling debate is one of the first major legislative clashes on tap as lawmakers return to Washington this coming week for the start of the 112th […]

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DOJ Failure? Former GITMO Detainee Acquitted of Most Terror Charges in Civilian Trial | Iron Mill Interactive Media

November 17, 2010 politisite 0

(AP) The first Guantanamo detainee to face a civilian trial has been acquitted in New York City of all but one charge accusing him of a deadly 1998 plot to bomb two U.S. embassies in Africa. Read the Full Story at  Gitmo Detainee Acquitted of Most Terror Charges – CBS News. New York Times Terror Suspect Cleared of All Charges Except for One Count of Conspiracy The first former Guantánamo […]

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Obamanomics Is Rejected on World Stage

November 12, 2010 politisite 0

And as officials frenetically tried to paper over differences among the Group of 20 members with a vaguely worded communiqué to be issued Friday, there was no way to avoid discussion of the fundamental differences of economic strategy. After five largely harmonious meetings in the past two years to deal with the most severe downturn since the Depression, major disputes broke out between Washington and China, Britain, Germany and Brazil. […]

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The Failure of the Liberal Economic Experiment?

August 25, 2010 politisite 0

The plunge in the U.S. economy in 2008 and 2009 became an irresistible opportunity to pronounce the failure of the form of capitalism that emerged at the end of the 20th century. “One had expected competition and abundance for everyone, but instead one got scarcity, the triumph of profit-oriented thinking, speculation and dumping,” said Nicolas Sarkozy, the president of France. The current crisis, he noted with a certain pleasure, signaled the end of the “illusion of public impotence” and the “return of the state.”