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The Worker Who Helped Forge a Revolution
Tom Paine and the Fourth of July
by AL HART - Counterpunch.org
July 4 is the birthday of the United States, the date when the Continental Congress adopted a Declaration of Independence, drafted by Thomas Jefferson, which turned an ongoing revolt against Britain's oppressive policies into an anti-colonial and anti-monarchical revolution.
Jefferson and George Washington were wealthy planters and slave owners from Virginia. Nearly all the leaders of the American Revolution – known ever since as "the Founding Fathers" – were members of the upper classes: rich merchants, investors, landowners, planters, judges and lawyers. But Thomas Paine – the man whose writings won over the country to the idea of independence and helped rally the army and the people to defeat the powerful British Empire – was the exception.
Common Sense by Thomas Paine
Common Sense by Thomas Paine. Published in 1776, Common Sense challenged the authority of the British government and the royal monarchy.
The July 4th Question:
236 Years After The First Revolution
Is It Time For A Second?
By Jerry Bowyer, Contributor - Forbes.com
Let's start with a shocking, but true premise: If you are a patriotic American, you believe that there are circumstances under which it is right to take up arms against your own government. That statement feels wrong to me. It reeks of militia and McVeigh and toothless loons holed up with guns in cabins in order to avoid paying income taxes.
But the fact remains that the rationale for the existence of the nation known as the United States of America, which first appeared in print 236 years ago today, is entirely dependent on the premise that there are indeed times "…when in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another…" and that such times may require the first group of people to "…mutually pledge to each other [their] Lives, [their] Fortunes and [their] sacred Honor." And that having dissolved those political bands with another people, the newly liberated people ("…and that as Free and Independent States, they have full Power to levy War…") may, among other things, protect themselves from a tyrannical power which engages in "…a long train of abuses and usurpations, pursuing invariably the same Object [which] evinces a design to reduce them under absolute Despotism…"
Independence Day --
Advice from a Patriot Warrior in Afghanistan
"It ought to be commemorated, as the Day of Deliverance by solemn Acts of Devotion to God Almighty. It ought to be solemnized with Pomp and Parade, with Shews, Games, Sports, guns, Bells, Bonfires and Illuminations from one End of this Continent to the other from this Time forward forever more." --John Adams
In honor of the establishment and preservation of Essential Liberty, we offer a few remarks from a young American Patriot standing watch on the front lines in Afghanistan, followed by insights from our Founding Fathers, as fitting reminders of the constant vigil which must be maintained in defense of Liberty.
Wisdom from the Warfront -- Enemies Foreign and Domestic:
"As an officer who faces combat challenges daily, and who has experienced my share of heartache in defense of our great nation in accordance with my oath, it pains me to see our elected 'leaders' so willfully defy their oaths to support our Constitution. But, war has taught me that we just take today at our best, because we never know what tomorrow will bring.
Daily Kos: July 4 for 'Rebels', Not 'Bootlickers'
By Tim Graham | NewsBusters.org
For July 4 thoughts, it's probably not the best idea to start at the Daily Kos. Meteor Blades wrote a piece emphasizing the idea of patriotism is for "rebels" and "dissidents," not for "bootlickers."
The writer can't stand that patriots believe in American exceptionalism: "They make this claim as if—besides giving us impressive and justifiably revered notions of liberty and justice—our Founders and their successors did not expand the nation from sea to shining sea (and beyond) with a century of mass murder and grand larceny against indigenous peoples, a ginned-up war to grab more than half of Mexico, another to snag Puerto Rico and the Philippines, and a few lesser skirmishes by which places such as Maui became territory where the Stars and Stripes now flies."
70 Reasons To Mourn For America
By Michael Snyder - EndOfTheAmericanDream.com
Every single year, Americans take the day off on July 4th and they celebrate everything that is good about America. We tend to be very proud of our achievements and we generally are not shy about talking about them. For example, today CNN is running a piece entitled "100 great things about America". And you know what? There are a lot of great things about this country. I am not afraid to say that I love America. In many ways it has been a great light for the rest of the world since it was founded. However, things have changed. The United States has greatly fallen from where it once was. The truth is that America is rotting and decaying in thousands of different ways. We need to repent and go back to doing the things that once made this country great. The road that we are currently on is a path that leads to national suicide. So to be honest now is not really the time for happy celebrations. Rather, now is the time for weeping, mourning and deep reflection. We need to turn from our profligate ways and we need to return to the fundamental principles that the early Americans understood so well. As a nation we need to look into the mirror and understand just how bad our decline has been. We are a complete and total mess, and it is time to admit that.
Sun-Times Columnist 'Celebrates' Fourth of July
by Calling Republicans the 'Treason Party'
By P.J. Gladnick | NewsBusters.org
On a day when most normal Americans are relaxing and celebrating the Fourth of July with family and friends, Chicago Sun-Times columnist Neil Steinberg is giving full vent to his Liberal Rage Syndrome by angrily lashing out at Republicans by labeling them as the "treason party." Oh, he pretends he COULD be labeling them as such but won't. However, this disingenous denial is belied by the fact that reading his column leaves no doubt that he is most definitely making that accusation. And for those few people who are actually fooled by his lame denial, there is the very title of his column as proof of Steinberg's intolerance of political opinions at variance to his own beliefs:
Why More and More Americans
are Abandoning Their US Citizenship
By Eric Fry - DailyReckoning.com
07/03/12 Laguna Beach, California – In November, millions of Americans will trudge to their local polling places to cast votes in the hope of improving their lives here in the USA. Between now and then, a few hundred Americans will vote with their feet in the hope of improving their lives outside the USA.
Last year, nearly 1,800 Americans surrendered their citizenship. In a nation of 300 million folks, 1,800 émigrés is hardly a rush for the exits. But the recent trend is, nevertheless, intriguing.
Gold Climbs As ECB Rate Reduction May Help Fan Inflation
By Phoebe Sedgman - Bloomberg.com
Gold climbed to near a two-week high on speculation that a decision by the European Central Bank to cut interest rates may help to fan inflation, and after holdings in exchange-traded products expanded to an all-time high.
Immediate-delivery gold gained as much as 0.2 percent to $1,619.13 an ounce and was at $1,619.07 at 10:37 a.m. in Singapore. Holdings in exchange-traded products rose to a record 2,412.42 metric tons on July 3, data tracked by Bloomberg show.
The ECB will probably reduce the benchmark rate 25 basis points to a record low of 0.75 percent today, according to the median forecast in a Bloomberg survey of 62 economists, as policy makers battle the region's debt crisis. The Bank of England may raise its target for bond purchases today, boosting it by 50 billion pounds ($78 billion), another survey shows.
Can the U.S. Economy Be Sustained for Another 236 Years?
By Eric Roston - Bloomberg.com
"Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favour," Thomas Paine, Common Sense, 1776
The original Declaration of Independence, badly faded from poor 19th-century preservation techniques, is on permanent display in the Rotunda for the Charters of Freedom, at the National Archives in Washington, D.C. Each passing Fourth of July provides evidence that this document is better preserved than the land whose inhabitants it grants freedom and rights.
As the United States turns 236, relatively few people dwell on the possibility that within another 236 years, North America may cease to be a place capable of sustaining 300 million people in comfort, stability and peace.
The Dow/Gold Ratio This Independence Day
By: Adrian Ash - SafeHaven.com
Dividing the Dow Jones index of stocks by the Gold Price80 years after its low...
Plenty of people pay close attention to the Dow/Gold Ratio. Eighty years after it sank to its Great Depression low, you might want to take a look this week, too.
This blunt measure of stocks versus stuff gets nearly 5 million results on Google, posting some 650 unique stories on the Dow/Gold Ratio. Search volumes for the term "Dow Gold" don't quite match "Kim Kardashian" say, over the last 5 years (nor even "Reggie Bush"). But spiking in late 2008 and mid-2011, they very nearly matched search volumes for "Treasury bonds" - a market priced at twice the value of all the gold in the world. So why the interest?
Dancing around the fires of hell...
The Smartest Man is a Firedancer
By Byron Wien - Blackstone.com
When the New Democracy party in Greece defeated the anti-bailout Syriza, I was anxious to learn what The Smartest Man in Europe thought of it all. The next day I flew across the Atlantic to meet him and we had a long discussion about the world financial outlook. Many of you remember The Smartest Man from earlier essays; I have been writing about him annually for more than a decade. He has been a friend for thirty years, and during that period he has shown an almost uncanny ability to see major events affecting the financial markets before other observers. Among these were the fall of Japan as an economic power in the 1980s, the economic changes in China and their significance the early 1990s, and the serious consequences of excessive borrowing in the developed world in the last decade.
US Needs to Deal With 'Fiscal Cliff' Soon: IMF's Lagarde
By: Justin Menza - CNBC.com
The U.S. economic recovery is only tepid and faces two major risks — the "fiscal cliff" and what's going on in the euro zone, International Monetary Fund Managing Director Christine Lagarde told CNBC.
The fiscal cliff is when tax increases and spending cuts are slated to go into effect at the start of 2013.
Lagarde said that if the risks of the debt ceiling and the fiscal cliff were to hit, the U.S. economy could contract.
Greetings from Italy and the 'Endless Crisis'
By: Bob Pisani - CNBC.com
Mikhail Barishnikov helped open the legendary Spoleto, Italy music festival over the weekend with a quirky, experimental play, "In Paris."
The surprise wasn't the reception—it was well received—but the attendance: there were empty seats toward the back.
That a legend like Barishnikov did not sell out in a relatively small venue speaks volumes for the economic quiet that has descended upon Italy.
Is the Fed pushing on a string?
by Ryan Avent - The Economist.com
OCCASIONALLY, I'm asked why I think the Fed can do more to support the economy (indeed, can for the most part engineer a complete recovery without much assistance from fiscal authorities) while its policy rate is effectively zero and long-term rates are close to all-time record lows. Doesn't additional easing amount to little more than pushing on a string?
It does not, in my view. The reason is that, in my opinion, a determined central bank cannot fail to raise inflation expectations. The Fed has the ability to create as much money as it wants and can use that money to purchase every scrap of federal-government debt, every scrap of outstanding mortgage-backed securities backed by federal housing agencies, and as much foreign exchange as other governments will sell it. It strains credulity to think that the Fed could use its printing press to entirely fund the government and most of the mortgage market and to devalue the dollar with reckless abandon without having an impact on inflation expectations. In practice, it seems to take nothing like that to move expectations; a bit of tweaked language or a few hundred billion in QE purchases are enough to do the trick.
Peter Schiff argues against three typical liberals
on CNN's Fareed Zakaria's GPS - Full Interview
Peter Schiff on Fareed Zakaria's Global Public Square - July 1st, 2012
Treasuries Rise As Data May Show Struggle To Add Jobs
By Wes Goodman - Bloomberg.com
Treasuries rose, pushing benchmark yields to within 17 basis points of the record low, before reports today and tomorrow that economists said will show the U.S. is struggling to add jobs.
The Federal Reserve plans to buy as much as $5.5 billion of U.S. government securities due from August 2020 to May 2022 today as part of its effort to support the economy by reducing long-term interest rates, according to the Fed Bank of New York's website. The economy is "slowing markedly," Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., wrote on Twitter July 3.
Inside Story - Rigged bank rates:
Is there more to come? - Hot Latest News
In the wake of the bank rate-rigging scandal, Bob Diamond, Barclays chief executive, announced his resignation from the post with immediate effect, on Tuesday.
LIBOR Banking Scandal Deepens;
Barclays Releases Damning Email,
Implicates British Government
By Matt Taibbi - RollingStone.com
This Libor-manipulation story grows crazier with each passing minute. We have officially disappeared now down the rabbit-hole of the international financial oligarchy.
Former Barclays CEO Bob Diamond is testifying before parliament in London today, and that's sure to bring some shocking moments. But there's already been one huge stunner. In advance of that testimony, Barclays released an email from October 29, 2008, written by Diamond to then-Chairman John Varley and COO Jerry del Messier (who also stepped down yesterday). The email from the CEO to the other two senior Barclays execs purports to detail the content of the conversation Diamond had with Bank of England deputy governor Paul Tucker that same day.
Bob Diamond Set To Fight For Payoff
Guardian.co.uk via TalkingPointsMemo.com
Banker missed an opportunity to quell any controversy about a potential payoff at the Treasury select committee hearing
Bob Diamond, former boss of Barclays, appeared ready to fight for a payoff of up to £22m at a hearing with MPs at which he insisted he "got physically ill" when he first read an exchange of emails between the 14 Barclays staff who manipulated interest rates.
Diamond used a series of descriptions such as "reprehensible", "bad" and "abhorrent" as he made his first public appearance since resigning from the bank he "loves" on Tuesday after 16 years - and 18 months at the top.
Why so little discussion over this SCANDAL?
Why is Nobody Freaking Out About the LIBOR Banking Scandal?
By MAtt Taibbi - RollingStone.com
The LIBOR manipulation story has exploded into a major scandal overseas. The CEO of Barclays, Bob Diamond, has resigned in disgrace; his was the first of what will undoubtedly be many major banks to walk the regulatory plank for fixing the interbank exchange rate. The Labor party is demanding a sweeping criminal investigation. Mervyn King, Governor of the Bank of England, responded the way a real public official should (i.e. not like Ben Bernanke), blasting the banks:
It is time to do something about the banking system…Many people in the banking industry are hardworking and feel badly let down by some of their colleagues and leaders. It goes to the culture and the structure of banks: the excessive compensation, the shoddy treatment of customers, the deceitful manipulation of a key interest rate, and today, news of yet another mis-selling scandal.
What is Libor and why should we care?
Libor - the London Interbank Offered Rate - is the average cost of borrowing at which Britain's banks lend each other money.
It is calculated daily, based on information supplied by those banks and is used worldwide as a benchmark for prices on trillions fo euros worth of derivatives and other financial products.
After the financial crisis, the Libor rate also was seen as a guide to the health of bank's balance sheets.
Barclays manipulation alone could not have had a big effect on the final rate, but the suggestion is a lot of the big banks were doing the same thing.
Diamond Exit Raises Speculation Of Investment-Bank Split
By Elisa Martinuzzi, Howard Mustoe and Ambereen Choudhury - Bloomberg.com
When Robert Diamond took over Barclays Plc (BARC)'s shrinking securities unit in 1997 he vowed to turn the business into a leading global firm.
Fifteen years later, his success in creating a top investment bank, whose profit reached $4.7 billion in 2011, may hasten its split from the lender after the London-based bank admitted to trying to rig global interest rates. Diamond quit as Barclays's chief executive officer yesterday and hours later Chief Operating Officer Jerry del Missier followed.
Diamond Says Rivals Lowballed Libor, Blames Regulators
By Jesse Westbrook, Liam Vaughan
and Howard Mustoe - Bloomberg.com
Robert Diamond, who quit this week as chief executive officer of Barclays Plc (BARC), sought to blame other banks for misleading markets about their ability to borrow, and regulators for turning a blind eye.
Ordered to testify to British lawmakers after Barclays agreed to pay a record 290-million pound ($455 million) fine for rigging the London interbank offered rate, Diamond said yesterday he was "disappointed" regulators failed to act on repeated warnings from Barclays that competitors had lowballed their submissions. Legislators challenged him on why he took so long to uncover his own firm's attempts to manipulate the rate.
"If you can count your money, you ain't got none."
Banking on Zeros
by LINH DINH - Counterpunch.org
I was just on Press TV with Gabriel Talmain, professor of economics, and Shabbir Razvi, economist. Both men are based in London, a fact that explains a linguistic mishap I had that was baffling, infuriating, then finally amusing. We'll get to it.
Asked about the Barclays manipulation of interest rates scandal, I more or less said,
Barclays is accused of deceiving regulators and the public, but as a major player in the US/UK banking cartel, all they do is deceiving and defrauding the public. This is a criminal network that has bankrupted much of the world. Barclays is being fined $450 million, but that's merely a symbolic gesture, for show. They'll make that back soon enough through their many other criminal rackets. It is a systemic problem.
After the Fourth, It's All About Jobs for This Market
By: Patti Domm - CNBC.com
After the July fourth holiday, Wall Street's traders will be back at their desks Thursday, watching jobs-related data amid rising anxiety about Friday's upcoming June employment report.
There are three pieces of employment-related data Thursday. First, ADP's private-sector employment report is released at 8:15 a.m. ET and is expected to show 108,000 private sector jobs were added in June. There are also weekly jobless claims data at 8:30 a.m., expected at 385,000, just about the same as last week. The ADP number is looked at as a kind of preview of the employment report, although it often does not correlate.
More Government Isn't The Key
To Women's Retirement Security
By Carrie Lukas, Contributor - Forbes.com
All campaigns have predictable moments: the conventions, the naming of the vice-presidential nominee, the sense of a comeback for the candidate trailing in the polls. Since Democrats have made the notion of a "War on Women" a central campaign theme this cycle, we can also safely predict that we will soon hear about the hardship facing senior women. Oppose whatever women-friendly expansion of Social Security liberals dream up, and you are party to the War on Women.
Conservatives need to do more than brace for the easily-imagined campaign ads showing them pushing granny and her wheelchair over the cliff. They should arm themselves with information about how current government policy actually makes women less secure in retirement and the reforms that will help women (and men) live better during old age.
ObamaCare: Tax versus Penalty
James V. DeLong - AmericanThinker.com
At a program on ObamaCare last Monday, Grace-Marie Turner of the Galen Institute made a crucial point about how the comedy of mendacity called ObamaCare will unfold.
After an initial phase-in period, the "tax", as we now know it to be, for not buying health care insurance maxes out at $695 per adult per year, or half of that for children. A household's total liability is capped at $2085. (All this is in Section 5000A.) The cost of health care insurance for a family of four is about $15,000. So, obviously, the rational young and healthy person or family will pay the tax, and sign up for insurance only if and when it is needed. At that point, the insurance company must accept them, under the law.
Medicaid Expansion and Jobs
By CASEY B. MULLIGAN - NYTimes.com
The coming Medicaid expansion will reduce employment, but last week'sSupreme Court ruling could permit states to prevent that outcome.
The state-administered Medicaid program pays health care providers on behalf of low-income individuals and families. It is the largest antipoverty program, spending about $8,000 per beneficiary a year.
Roberts 'Should Be Ashamed'
Over Health-Care Ruling: Trump
By: Jeff Cox - CNBC.com
Mitt Romney will benefit from the Supreme Court health-care ruling, though Chief Justice John Roberts should be "ashamed" of his role in the decision, businessman Donald Trump told CNBC.
The conservative jurist provided the deciding vote in a 5-4 ruling that said the health-care plan's individual mandate, which requires Americans to have health insurance, passed constitutional muster.
The Worst Ruling Since Dred Scott
By Ben Shapiro - PatriotPost.us
Last week Chief Justice John Roberts blatantly ignored the Constitution and the law and purposefully rewrote Obamacare in order to rule it legal. He called Obamacare a "tax" instead of an individual mandate; he then proceeded to blithely expand the government's power to tax to encompass a tax on breathing, which is what Obamacare is.
Now I had warned conservatives years ago that Roberts was a rotten pick for the Supreme Court. "Roberts is not an originalist," I wrote in 2005. "There is nothing in his very short jurisprudential record to indicate that his judicial philosophy involves strict fidelity to the original meaning of the Constitution."
Nonetheless, Roberts' decision was stunning.
Obamacare's Hideous History, Recounted
This law remains utterly illegitimate.
By QUIN HILLYER - The American Spectator.org
Amid John Roberts' craven surrender to "the political branches" on Obamacare -- a bizarre capitulation, at that, since Roberts honored a statute that he hallucinated, but neither Congress nor the president authored nor authorized -- Americans should remember just how many rules, standards, and traditions had to be twisted or bulldozed in order for the [un]Affordable Care Act to become law.
For Obamacare to be enacted in the first place required each of more than a dozen, highly unlikely or even suspect, occurrences or actions. It then took some serious constitutional hocus pocus for it to survive in court. Consider the awful litany:
The Movie on Health Care
That Obama Doesn't Want You to See
By Jeff Lipkes - AmericanThinker.com
It's not a documentary, and it's not by a conservative. The writer and director is a French-Canadian leftist, or former leftist. But, among other things, the film is a horrifying and hilarious exposé of health care in Canada. The film is The Barbarian Invasions by Denys Arcand, and though it did well in the U.S. for a foreign picture, winning the Academy Award for Best Foreign-Language Film in 2004 and grossing over $25 million, it hasn't been seen by nearly enough people.
Barbarian provides a vivid glimpse of what we have in store if President Obama is re-elected in November. I should perhaps at this point issue the usual "spoiler" caveat, though as it's a film about a man with terminal cancer, there isn't much of a plot to spoil. Like many good movies, it's the interactions of the characters and the ways in which relationships evolve under stress that make the story interesting.
By: Peter Schiff - SafeHaven.com
In the wake of my last commentary on the horrendous Supreme Court decision upholding Obama's health care plan, several people have pointed out that I erred in saying that the income tax is a "direct tax." While it is technically correct that the Court ultimately declared it to be an excise, not a direct tax, it is important to understand how it arrived at that opinion and why the decision has no practical relevance to the way the tax has been enforced. Just as it has done with Obamacare, the Court came up with a technically constitutional pathway to allow the government to collect a tax in a blatantly unconstitutional manner.
Ever Wonder Why We Even Bothered?
By Jim Yardley - AmericanThinker.com
When it comes to the concept of limited government, which is really at the heart of the recent imbroglio over Obamacare, the Constitution has been described as the law that controls the government.
The Constitution starts off with a preamble that states:
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
This section of the document is not, in and of itself, a part of the Constitution. It simply describes the reason why We the People are defining what we are allowing the government to do and why we are bothering to do anything at all.
Is Wal-Mart Destroying America?
20 Facts About Wal-Mart That Will Absolutely Shock You
By Michael Snyder - TheEconomicCollapseBlog.com
America absolutely loves Wal-Mart. 100 million customers visit Wal-Mart every single week in this country. But is Wal-Mart good for America? That is a question that most people never stop and ask. Most of us love shopping in big, clean stores that are packed with super cheap merchandise, but the truth is that Wal-Mart is destroying America in a lot of ways. As you will see below, Wal-Mart has destroyed tens of thousands of small businesses and countless manufacturing jobs over the past couple of decades. Wal-Mart has become a gigantic retail behemoth that sells five times more stuff than any other retailer in the United States. Unfortunately, about 85 percent of all the stuff sold at Wal-Mart is made overseas. What that is costing the U.S. economy in terms of lost jobs and lost revenue is incalculable. But Wal-Mart is a perfect example of where our economic system is headed. Our economy is becoming completely and totally dominated by highly centralized monolithic predator corporations that ruthlessly crush all competition and that will stoop to just about anything in order to cut costs. In the future, will we all be working for gigantic communal entities that funnel all of the wealth and economic rewards to a very tiny elite? That sounds very much like how communist China works, and red-blooded Americans should want no part of that. America is supposed to be about free enterprise and competition and working together to build up this country, and Wal-Mart is destroying all of that.
Corn Crop Shrivels: 'Should Be 7 to 9 Foot Tall by Now'
By: Patti Domm - CNBC.com
The size and quality of the U.S. corn crop continues to deteriorate as scorching heat in the corn belt threatens the crop during its critical pollination, or "tasseling" stage.
The amount of the corn crop that is in good to excellent condition keeps shrinking, now making up 48 percent of the crop compared to 56 percent last week and 63 percent the week before.
The USDA data, released Monday, also showed a decline in the quality of the soybean crop to 45 percent good to excellent, from 53 percent last week.
Apartment rents rise at highest rate since 2007: Reis
By Lauren Tara LaCapra
Thu Jul 5, 2012 12:21am EDT
(Reuters) - Renting an apartment in the U.S. became even more expensive during the second quarter, as vacancies set a new 10-year low and rents rose at a pace not seen since before the financial crisis, according to real estate research firm Reis Inc.
The average U.S. vacancy rate of 4.7 percent was the lowest since the fourth quarter of 2001, down 0.2 percentage points from the prior quarter, according to preliminary data Reis released on Thursday.
Conscience can be an implacable and inescapable punisher.
By THOMAS SOWELL - TheAmerican Spectator.org
Betrayal is hard to take, whether in our personal lives or in the political life of the nation. Yet there are people in Washington -- too often, Republicans -- who start living in the Beltway atmosphere, and start forgetting those hundreds of millions of Americans beyond the Beltway who trusted them to do right by them, to use their wisdom instead of their cleverness.
President Bush 41 epitomized these betrayals when he broke his "read my lips, no new taxes" pledge. He paid the price when he quickly went from high approval ratings as president to someone defeated for reelection by a little known governor from Arkansas.
Roberts Channels Obama's Communist Mentor
By KEVIN MOONEY - The American Spectator.org
This is how bad it is.
By allowing the penalty included within Obamacare to stand under the federal government's taxing authority, Chief Justice John Roberts has enshrined the policy ambitions of one Frank Marshall Davis.
In a column published on July 21, 1955 in the Honolulu Record, Davis, a long-time communist operative, who served as a close mentor to Obama, champions the idea of taxpayer funding for universal health care.
The history her is carefully and methodically unpackaged by Paul Kengor, a professor of political science at Grove City College, in his upcoming book entitled: The Communist: Frank Marshall Davis, the Untold Story of Barack Obama's Mentor.
Supreme Court Helps Obama
Fulfill Dreams from His Communist Mentor
By Paul Kengor
As readers of this site are aware, thanks especially to Jack Cashill's recent posts, I've been researching and writing a book on Barack Obama's mentor, Frank Marshall Davis. That book, titled The Communist: Frank Marshall Davis, The Untold Story of Barack Obama's Mentor, just came off the press this week, with an official release date of July 17. I knew that the book would be very relevant, and we've been preparing for media reaction. In the book, I list at length the stunning commonalities in Davis's thinking and communist propaganda work and President Obama's thinking and work. That said, I didn't imagine how relevant it would be in light of the Supreme Court's decision on ObamaCare. Let me explain.
Frank Marshall Davis, who lived from 1905 to 1987, mentored Barack Obama in Hawaii in the 1970s. Davis was a devoted communist -- pro-Soviet, pro-Stalin, and pro-Mao. His Communist Party number was 47544. Davis did terrible, blatant propaganda work for the international communist movement. In The Communist, I publish rare declassified FBI and Soviet archival documents on Davis and his work. I also present columns written by Davis for Communist Party newspapers in the 1940s and 1950s.
The New America Under Agenda 21 with Activist Rosa Koire
Alex also talks with Rosa Koire, a forensic commercial real estate appraiser specializing in eminent domain valuation and an outspoken activist opposed to the United Nations' Agenda 21 and its attempts to attack civilization through so-called Sustainable Development. She is the author of Behind The Green Mask: U.N. Agenda 21
Midwest ranchers, lawmakers protest EPA flyovers
By DAVID PITT | Associated Press - Yahoo.com
DES MOINES, Iowa (AP) — Midwest ranchers have never been enamored with environmental regulators, but they really began to complain after learning that federal inspectors were flying over their land to look for problems.
The Environmental Protection Agency flies over power plants and other facilities nationwide to identify potential air, water and land pollution. It began using aerial surveillance in the Midwest in 2010 to check farms for violations of federal clean water regulations.
Homeland Security Report Lists 'Liberty Lovers' As Terrorists
Americans who are "suspicious of centralized federal authority, reverent of individual liberty" deemed domestic threat
By Paul Joseph Watson - Infowars.com
A new study funded by the Department of Homeland Security characterizes Americans who are "suspicious of centralized federal authority," and "reverent of individual liberty" as "extreme right-wing" terrorists.
Entitled Hot Spots of Terrorism and Other Crimes in the United States, 1970-2008 (PDF), the study was produced by the National Consortium for the Study of Terrorism and Responses to Terrorism at the University of Maryland. The organization was launched with the aid of DHS funding to the tune of $12 million dollars.
Interview with Gerald Celente of the Trends Journal:
A War with Iran Will be the Beginning of WW III
....Gerald Celente thinks, "The banks are taking over the world." That's what is really happening in Europe with the sovereign debt crisis. Celente says, "America has already turned into pre-World War II Germany," and "A war with Iran will be the beginning of World War III." Celente lost money in the MF Global bankruptcy and says the lesson learned is "You don't own your money unless you have it in your possession."
Argentina signs deals with China's military
BUENOS AIRES, Argentina (AP) -- Argentina's defense minister is visiting China, signing military agreements and praising the weapons on display during a six-day tour.
Defense minister Arturo Puricelli says cooperation agreements that he signed with Chinese Defense Minister Liang Guanglie will strengthen ties between the Asian giant and Argentina.
U.S. Adds Forces in Persian Gulf, a Signal to Iran
By THOM SHANKER, ERIC SCHMITT
and DAVID E. SANGER - NYTimes.com
WASHINGTON — The United States has quietly moved significant military reinforcements into the Persian Gulf to deter the Iranian military from any possible attempt to shut the Strait of Hormuz and to increase the number of fighter jets capable of striking deep intoIran if the standoff over its nuclear program escalates.
The deployments are part of a long-planned effort to bolster the American military presence in the gulf region, in part to reassure Israel that in dealing with Iran, as one senior administration official put it last week, "When the president says there are other options on the table beyond negotiations, he means it."
Iran threatens to close Strait of Hormuz
if sanctions increase: lawmaker
English.news.cn - Xinhuanet.com
TEHRAN, July 4 (Xinhua) -- An Iranian lawmaker reiterated the threats that the Islamic republic would close the strategic Strait of Hormuz in the Persian Gulf if the Western sanctions against Iran increase, the semi-official Fars news agency reported on Wednesday.
"If we completely go under the sanctions, we will not let a single drop of oil pass through the Hormuz Strait," Arsalan Fathipour, head of the Economic Commission of Iranian Majlis ( parliament), was quoted as saying.
Meanwhile, another Iranian lawmaker, Ebrahim Agha-Mohammadi, said on Monday that the National Security and Foreign Policy Commission of Iran's Majlis had prepared a bill which called for the closure of Strait of Hormuz in response to the recent European Union (EU) oil embargo on Iran.
Iran: 'Long-Range' Missiles Attack 'Mock Enemy Bases
By LEE FERRAN - ABCNews.com
The Iranian military has launched a barrage of missiles at "mock enemy bases" as part of a major war games exercise aimed at dissuading any potential outsider attack, the nation's state-run media reported today.
During what is called "The Great Prophet 7" drills, Iran's Islamic Revolutionary Guard Corps (IRGC) "targeted and destroyed hypothetical bases of ultra-regional forces set up in desert areas," according to Iran's Islamic Republic News Agency. The reports did not identify the "ultra-regional forces" but alluded to the ongoing diplomatic conflict between Iran and the U.S., which has several major military installations in the region.
IRAN: WE'LL DESTROY 35 U.S. BASES IF ATTACKED
after calling American warships 'easy' targets
By F. Michael Maloof - WND.com
BEIRUT, Lebanon – Amid declarations by Iranian officials that U.S. warships are "easy" targets, the commander of the Islamic Revolutionary Guard Corps' Aerospace Force said he has "detailed contingency plans to hit 35 U.S. bases in the region in the early minutes of a possible conflict."
Brigadier General Amir Ali Hajizadeh boasted the U.S. bases around Iran are "within the reach of our missiles."
Palestinian lands, he added, referring to Israel, "are good targets for us as well."
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