Here is a summary:
"Obama should propose that the corporate income tax be abolished completely, to be replaced by a carbon tax and a financial services tax."
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Are religious fanatics about to destroy the planet in a moronic game of good guys vs. evil? Will global warming kill us all first? Have the cows gone mad? Look here for news headlines and advice on facing the curtain with a bow.
"Obama should propose that the corporate income tax be abolished completely, to be replaced by a carbon tax and a financial services tax."
Here's the link for more
"The reality-based world, one where Satan, miracles, destiny, angels and magic did not exist, battered them like driftwood. It took their jobs and destroyed their future. It rotted their communities. It flooded their lives with alcohol, drugs, physical violence, deprivation and despair. And then they discovered that God has a plan for them. God will save them. God intervenes in their lives to promote and protect them. The emotional distance they have traveled from the real world to the world of Christian fantasy is immense. And the rational, secular forces, those that speak in the language of fact and evidence, are hated and ultimately feared, for they seek to pull believers back into “the culture of death” that nearly destroyed them."
Source
...somehow the bankers came out of it with the same unshakable belief in their own perfection that they had in 2005. The only plausible explanation is some kind of powerful personality disorder.
Source: Wall Street CEOs are nuts
Visit msnbc.com for breaking news, world news, and news about the economy
Visit msnbc.com for breaking news, world news, and news about the economy
Visit msnbc.com for breaking news, world news, and news about the economy
Watching the CEOs, I was stunned by the utter lack of even a feigned sense of empathy for those whose lives the banks have destroyed. Only a complete inability to feel empathy could explain the fact that the bankers are not just back to operating at their old bonus levels, but at their old smugness levels as well.
Source
According to the Congressional Budget Office (CBO), 29 percent of premium dollars in the individual insurance market go toward administrative costs; the average policyholder spends roughly $300 more on administrative costs each year than if he or she purchased coverage through a group policy.
Source: Dean at TPM Cafe
I'm focused on looking forward too. And as I gaze into my crystal ball, I see a world in which members of the executive branch take it for granted that they can do whatever they want with impunity. Why not break the law? Why not eavesdrop on Americans? Why not torture people? Why not detain citizens indefinitely without charges? Heck, why not impose martial law and make yourself dictator for life? There is nothing to stop the people who make these decisions. They have nothing to fear. Because once they've made them, their actions are back there, in the past that no one ever wants to look at.
Source: Obsidian Wings
"The United States is a country that takes human rights seriously. We do not torture. It’s against our laws and against our values. And we expect all those who serve America to conduct themselves accordingly, and we enforce those rules...America is a fair and a decent country. President Bush has made it clear, both publicly and privately, that our duty to uphold the laws and standards of this nation make no exceptions for wartime. As he put it, we are in a fight for our principles and our first responsibility is to live by them. The war on terror, after all, is more than a contest of arms and more than a test of will. It’s also a war of ideas."
"NEW YORK (Fortune) - The prospect of a bird flu outbreak may be panicking people around the globe, but it's proving to be very good news for Defense Secretary Donald Rumsfeld and other politically connected investors in Gilead Sciences, the California biotech company that owns the rights to Tamiflu, the influenza remedy that's now the most-sought after drug in the world.
Rumsfeld served as Gilead (Research)'s chairman from 1997 until he joined the Bush administration in 2001, and he still holds a Gilead stake valued at between $5 million and $25 million, according to federal financial disclosures filed by Rumsfeld.
Source: Rumsfeld's growing stake in Tamiflu"
"The Bush administration applied relentless pressure on interrogators to use harsh methods on detainees in part to find evidence of cooperation between al Qaida and the late Iraqi dictator Saddam Hussein's regime, according to a former senior U.S. intelligence official and a former Army psychiatrist."
Source: Mean means for dishonest ends
"The root problem is uncertainty—in our case, uncertainty about whether the major banks have sufficient assets to cover their liabilities. Half measures combined with wishful thinking and a wait-and-see attitude cannot overcome this uncertainty. And the longer the response takes, the longer the uncertainty will stymie the flow of credit, sap consumer confidence, and cripple the economy—ultimately making the problem much harder to solve. Yet the principal characteristics of the government’s response to the financial crisis have been delay, lack of transparency, and an unwillingness to upset the financial sector."
- Simon Johnson -
"I think our ability to govern ourselves doesn't keep pace with our ability to exercise power over nature, control over nature. So we are very complicated civilization. And we could actually destroy our civilization because of our inability to govern ourselves."
- George Soros -
"At no period in American history has our democracy been in such peril or has the possibility of totalitarianism been as real. Our way of life is over. Our profligate consumption is finished. Our children will never have the standard of living we had. And poverty and despair will sweep across the landscape like a plague. This is the bleak future. There is nothing President Obama can do to stop it. It has been decades in the making. It cannot be undone with a trillion or two trillion dollars in bailout money. Our empire is dying. Our economy has collapsed."Later, Chris interviews Sheldon S. Wolin, who informs us that the political Left in America...
"...has crumbled. It sold out to a bankrupt Democratic Party, abandoned the working class and has no ability to organize. Unions are a spent force. The universities are mills for corporate employees. The press churns out info-entertainment or fatuous pundits. The left, he said, no longer has the capacity to be a counterweight to the corporate state. He said that if an extreme right gains momentum there will probably be very little organized resistance."Poor Hope! What abuse!