BS: US Corporate Fascism vote Friday.

Subject: RE: BS: US Corporate Fascism vote Friday.
From: dick greenhaus
Date: 24 Sep 08 - 12:11 AM

As I recall, Paulsen was the man who said in March 2008 the the economy was strong and would ride out any problems. Obviously someone you can trust with $1,000,000,000,000.And no constraints.

Subject: RE: BS: US Corporate Fascism vote Friday.
From: Don Firth
Date: 23 Sep 08 - 06:23 PM

Dennis Kucinich knows where his towel is. Whether or not anyone will listen to him is another matter, unfortunately.

Don Firth

Subject: RE: BS: US Corporate Fascism vote Friday.
From: dick greenhaus
Date: 23 Sep 08 - 05:02 PM

Whatever ism you want to call it, any bailout should require:a) fire the greedy nincompoops that were responsible for the mess. NO severance. b)Make sure that any profits that accrue go to the taxpayers who are footing the bill c) Make sure that anyone making a bailout expenditure is legally accountable.

Subject: RE: BS: US Corporate Fascism vote Friday.
From: Little Hawk
Date: 23 Sep 08 - 04:23 PM

Here's Dennis Kucinich's comment on the matter today:

Dear Friend,

The U.S. government has been turned into an engine that accelerates the wealth upwards into the hands of a few. The Wall Street bailout, the Iraq War, military spending, tax cuts to the rich, and a for-profit health care system are all about the acceleration of wealth upwards. And now, the American people are about to pay the price of the collapse of the $513 trillion Ponzi scheme of derivatives. Yes, that's half a quadrillion dollars. Our first trillion dollar compression bandage will hardly stem the hemorrhaging of an unsustainable Ponzi scheme built on debt "de-leverages."

Does anyone seriously think that our public and private debts of some $45 trillion will be paid? That the administration's growth of the federal debt from $5.6 trillion to $9.8 trillion while borrowing another trillion dollars from Social Security has nothing to do with this? Does anyone not see that when we spend nearly $16,000 for every family of four in our society for the military each year that we are heading over the cliff?

This is a debt crisis, not a credit crisis. Just as FDR had to save capitalism after Wall Street excesses, we have to re-invigorate our economy with real - not imaginary - growth. It does not address the never-ending war on the middle class.

The same corporate interests that profited from the closing of U.S. factories, the movement of millions of jobs out of America, the off-shoring of profits, the out-sourcing of workers, the crushing of pension funds, the knocking down of wages, the cancellation of health care benefits, the sub-prime lending are now rushing to Washington to get money to protect themselves.

The double standard is stunning: their profits are their profits, but their losses are our losses.

This bailout will not bring real jobs back to America. It will not bring back jobs that make things. It does not rebuild our schools, streets, neighborhoods, parks or bridges. The major product of this financial economy is now debt. Industrial capitalism has been destroyed.
In the next few days I will push for a plan that includes equity for every American in any taxpayer investment in this so-called bail-out plan. Since the bailout will cost each and every American about $2,300, I have proposed the creation of a United States Mutual Trust Fund, which will take control of $700 billion in stock assets, convert those assets to shares, and distribute $2,300 worth of shares to new individual savings accounts in the name of each and every American.
I will also insist that all of the following issues be considered in whatever Congress passes:

Reinstatement of the provisions of Glass-Steagall, which forbade speculation
Re-regulation of the finance, insurance, and real estate industries
Accountability on the part of those who took the companies down:
a) resignations of management
b) givebacks of executive compensation packages
c) limitations on executive compensation
d) admission by CEO's of what went wrong and how, prior to any government bailout

Demands for transparencey
a) with respect to analyzing the transactions which took the companies down
b) with respect to Treasury's dealings with the companies pre and post-bailout
An equity position for the taxpayers
   a) some form of ownership of assets
Some credible formula for evaluating the price of the assets that the government is buying.
A sunset clause on the legislation
Full public disclosure by members of Congress of assets held, with possible conflicts put in blind trust.
A ban on political campaign contributions from officers of corporations receiving bailouts
A requirement that 2008 cycle candidates return political contributions to officers and representatives of corporations receiving bailouts
And, most importantly, some mechanism for direct assistance to homeowners saddled with unreasonable or unmanageable mortgages, as well as protection for renters who have lived up to their obligation but fall victim to financial tragedy when the property they live in undergoes foreclosure.

These are just some thoughts on the run. You will hear more from me tomorrow.


Dennis J Kucinich
www.Kucinich.us
216-252-9000   877-933-6647

Subject: RE: BS: US Corporate Fascism vote Friday.
From: Goose Gander
Date: 23 Sep 08 - 04:03 PM

Just might come to that, but it will be socialism that benefits the invester class - talk about a 'world turned upside down', geez . . .

Subject: RE: BS: US Corporate Fascism vote Friday.
From: Donuel
Date: 23 Sep 08 - 03:44 PM

USSA

Subject: RE: BS: US Corporate Fascism vote Friday.
From: Goose Gander
Date: 23 Sep 08 - 03:32 PM

"When Corporations are owned by the government it is called Corporate Fascism, which is the Mussolini style of fascism . . ."

That is not what Mussolini meant by the "Corporate State"; what you are describing is closer to Soviet-style state ownership of business.

Subject: BS: US Corporate Fascism vote Friday.
From: Donuel
Date: 23 Sep 08 - 03:17 PM

When Corporations are owned by the government it is called Corporate Fascism, which is the Mussolini style of fascism. Some may go so far to call the US on a course of National Socialism the Nazi form, especailly when you take into account the Patriot Laws, softening of the Constitution and secret policing of all telephone calls and computer use/among other things like torture etc..

The Treasury Secretary urges Congress to vote this Friday to have the US government own the Financial sector of the economy.
Tweak it one way and it may be a good thing but tweak it another and pure Corporate Fascism results.

The RUSH to give a trillion dollars to Wall Street/Government while doubling inflation for us all, is a result of living beyond our means and the 'Conservative model' of privatized economics. [i am not speaking of conservatives]

Unregulated, unethical non transparent/secret lies ways of stealing money has brought an end of an era. The Biggest criminal is the Federal Reserve that creates money by printing money takes your wealth by the proxy of inflation.


WE HAVE A CHANCE [a slim one] TO WAGE A REVOLUTION at the crux of this takeover of the United States of America.
The people have demands and must write their representatives at this paramount point in history.

I am not qualified to know what the most effective and realistic demands should be, but I do resist Corporate Fascism getting America's seed money for the next 20 years.

Some of you pundits should let us know what and how we can make this crises part of our revolution and fulfill the needs of the people instead of bolstering the Bush fascist free for all business as usual.


What Paulson proposes includes oversight over the trillion,
BUT he also demands that no part of the trillion dollars be subject to judicial overview. THE COURTS CAN"T TOUCH THEM no matter what they do with it.

whew now thats over the top.

We all need to write or email someone in Washington cuz this goes beyond serious.
I watched 4 hours of hearings today but more about that later.