Congressman Waxman Slips Obscure Anti-Supplement Measure into Wall St. “Reform” Bill Passed by the House; Please Take Action to Prevent Same Thing Happening in the Senate!

[1]The American public is becoming fed up with “sneak” provisions tacked onto largely unrelated bills that are likely to pass. A glaring recent example was tacking onto the Healthcare bill a complete change to student loans. Often the “sneak” provision is so buried that hardly anyone is aware of it.

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Sex, Lies and Oil Spills

A common spin in the right wing coverage of BP's oil spill is a gleeful suggestion that the gulf blowout is Obama's Katrina. In truth, culpability for the disaster can more accurately be laid at the Bush Administration's doorstep. For eight years, George Bush's presidency infected the oil industry's oversight agency, the Minerals Management Service, with a septic culture of corruption from which it has yet to recover. Oil patch alumnae in the White House encouraged agency personnel to engineer weakened safeguards that directly contributed to the gulf catastrophe.

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How The Hell Did GM Pay Back Its Loans "in Full And Ahead of Schedule"? Well, It Didn't.

How The Hell Did GM Pay Back Its Loans "in Full And Ahead of Schedule"? Well, It Didn't.

Obama to Nominate Jesus Christ to Supreme Court

President Barack Obama is expected to nominate Jesus Christ, an immigrant originally born to a virgin mother in Bethlehem, to fill the new vacancy on the Supreme Court. Although Mr. Christ is over 2,000 years old, He is immortal, so Democrats and Republicans expect that He will serve on the high court forever or until He decides to start the End Times. Republicans are expected to fight the nomination on the grounds that Mr. Christ would radically move the Court to the left. The GOP is also concerned that, despite decades of controversy and speculation, Mr. Christ has never revealed his position on abortion. Mr. Christ, according to many authorities, is expected to oppose the death penalty in all forms. Michael Steele, the head of the GOP national committee, issued a statement: "Christ is a complete mystery to us. He won't reveal His physical appearance and many of His positions are unknown or the subject of speculation. He is a stealth candidate. Why won't He reveal himself? Who does He think He is?"

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A Presidency in Peril: Warnings from Robert Kuttner

Like most progressives, Robert Kuttner had great hopes following President Obama's election in 2008. However, Kuttner also has been around long enough to realize the risk that President Obama might not live up to his potential in bringing about progressive change. His new book, A Presidency in Peril [1], documents how the Obama administration has been falling short.

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The Subprime Conspiracy

Many people now believe that the financial crisis was not an accident. They think that the Bush administration and the Fed knew what Wall Street was up to and provided their support. This isn't as far fetched as it sounds. As we will show, it's clear that Bush, Greenspan and many other high-ranking officials understood the problem with subprime mortgages and knew that a huge asset bubble was emerging that threatened the economy. But while the housing bubble was more than just an innocent mistake, it doesn't rise to the level of "conspiracy" which Webster defines as "a secret agreement between two or more people to perform an unlawful act." It's actually worse than that, because bubblemaking is the dominant policy, and it's used to overcome structural problems in capitalism itself, mainly stagnation.

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Why a Criminal Case Against Goldman Sachs Matters and Why Charges Could Stick

Goldman Sachs used to be the firm that pursued top government posts; now government is in hot pursuit of it, and not in a good way. The SEC has charged the firm and an employee, Fabrice Tourre, with securities fraud and the Justice Department has commenced a criminal investigation, according to news reports. Change appears to be swallowing Goldman Sachs. It began quietly moving out of its storied and staid headquarters at 85 Broad last Fall to flashy new multi-billion dollar digs at 200 West Street, including a 54,000 square foot gym (roughly the size of 20 homes for average Americans; those who can still afford one after the Wall Street pillage). And after the release of internal emails by the SEC and Senate, Goldman looks more like a sleazy boiler room pump and dump operation in drag than an investment bank (in drag as a bank holding company).

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Obama Admin Warned by NOAA It Was Underestimating Offshore Drilling Risks-- To Be Expected Given Big Money

The admin was warned but it had a political agenda and a government infrastructure still primarily made up of Bush appointees who earned their jobs by blocking regulations When the Obama administration was developing its new policy on offshore drilling, it was warned by NOAA (National Oceanic & Atmospheric Administration) officials that the risks were being underestimated, Dan Froomkin of the Huffingtonpost reports,

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"Hey Dad, Why Does This Country Protect Billionaires, and Not Teachers?"

Last week, thousands of New Jersey public school students walked out of class to protest draconian school budget cuts. “Save my teacher,” their signs read. In a state that is home to a bevy of high finance billionaires, with the highest per capita income in the nation, teachers are being sacked left and right. In our town half the student body protested outside the high school. Perhaps the protesters should turn their eyes towards the twenty-five top hedge fund honchos who took in $25 billion in 2009. Their “earnings” alone could fund 658,000 entry level teachers.

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Celente Predicted Pakistani Terror As A Top Trend For 2010 - More Terror To Come

KINGSTON, NY, 4 May 2010 — Months prior to the release of the Trends Journal’s “Top Trends for 2010” – on radio, TV, in Trend Alerts® and press releases – Gerald Celente forecast a new wave terror strikes against the United States. He predicted the time, the place, the who and the how.

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