Part II. Take the time to check this out. It well narrated and there are some fantastic shots from below 1000 meters..
From CBS News’ Maria Gavrilovic:
(CLEARWATER BEACH, FLA.) – Although Barack Obama argues that the financial meltdown is an “emergency situation”, he said today that he may remain on the campaign trail, rather than returning to the Capitol, to vote on the $700 billion plan.
“Look if we get a consensus and everybody is popping champagne – then I will probably be going back to campaign with folks who are having a tough time in places like Ohio, and Michigan and Pennsylvania,” Obama said adding, “If this ends up being a close vote or a vote where the outcome is an open question then obviously this is a top priority.”
Shortly after landing at the St. Petersburg airport, the campaign organized an impromptu press conference on the bailout plan. Obama laid out a set of provisions that he believes should be included, but he was unclear whether he would support a bailout without them. While arguing that there are a number of ways of accomplishing the principles that he has outlined, Obama said he is not trying to “dictate” a particular plan.
Whatever the plan, Obama insisted, “I need to be convinced that taxpayers are going to get an upside on this thing and can be made whole when the economy recovers.” He later added that he will ask Treasury Secretary Henry Paulson to “go back to the drawing board” if he the principles that he laid out are not addressed.
Obama also had very harsh criticism of President Bush – calling him stubborn and inflexible when it comes to negotiating the economic plan. “This is not the time for my-way-or-the-highway intransigence from anyone involved.”
At a diner stop earlier in the day, he told a voter that Bush is a “lame duck president” and “can’t really rally the public.”
Hussein, you have nothing to say until you produce proof of citizenship. Show us your REAL f*cking Birth Certificate, and not the forged one you will only show on your website..
WASHINGTON, Nov. 12 (Reuters) – President Clinton signed into law today a sweeping overhaul of Depression-era banking laws. The measure lifts barriers in the industry and allows banks, securities firms and insurance companies to merge and sell each other’s products.
“This legislation is truly historic,” President Clinton told a packed audience of lawmakers and top financial regulators. “We have done right by the American people.”
The bill repeals parts of the 1933 Glass-Steagall Act and the 1956 Bank Holding Company Act to level the domestic playing field for United States financial companies and allow them to compete better in the evolving global financial marketplace.
Follow the money….This is an article from reuters from November of 1999. Pretty poignant on this Black Day..
Last update: September 23, 2008 – 5:08 PM
WASHINGTON – Vice presidential candidate Joe Biden said today’s leaders should take a lesson from the history books and follow fellow Democrat Franklin D. Roosevelt’s response to a financial crisis.
“When the stock market crashed, Franklin D. Roosevelt got on the television and didn’t just talk about the, you know, the princes of greed. He said, ‘Look, here’s what happened,'” Barack Obama’s running mate recently told the “CBS Evening News.”
Except, Republican Herbert Hoover was in office when the stock market crashed in October 1929.
FDR was elected three years later when voters denied Hoover a second term. The Democratic challenger appealed to the “forgotten man” by promising a “new deal” to solve the Depression era.
Democrats usually like to remind the public that a Republican was president during the 1929 stock market crash. During the 2004 presidential election, John Kerry’s campaign repeatedly cited Hoover as the last president until George W. Bush to oversee a loss of jobs during his time in office.
Biden was commenting on the stock market crash when he said leaders should explain the current economic crisis and how to solve it to the public.
“Part of what being a leader does is to instill confidence, is to demonstrate what he or she knows what they are talking about and to communicating to people … this is how we can fix this,” Biden said.
I’ll bet Sarah Palin knew FDR wasn’t elected until 1932, and my cat knows that Americans werent watching FDR on TV in ’32. There are three reasons for that-
1.While TV was invented in the ’20s, it was not in widespread use.
2. If it was, you would have never seen FDR, because of his crutches and wheelchair.
3. FDR was famous for his “Fireside chats”, which were radio addresses.
Anyday now we are going to be hearing Bill Richardson will be VP..
CHICAGO (Reuters) – U.S. Democratic presidential candidate Barack Obama said on Monday the crisis sweeping Lehman Brothers and other Wall Street firms posed a major threat to the U.S. economy and underscored the need to modernize the financial system.
“The situation with Lehman Brothers and other financial institutions is the latest in a wave of crises that are generating enormous uncertainty about the future of our financial markets,” Obama said in a statement.
“This turmoil is a major threat to our economy and its ability to create good-paying jobs and help working Americans pay their bills, save for their future, and make their mortgage payments,” he added.
Obama, an Illinois senator running nearly dead even with Republican John McCain in the November 4 White House race, weighed in on the Wall Street turmoil as U.S. investment bank Lehman filed for bankruptcy protection and as concerns grew about the fate of other financial firms.
Rival Merrill Lynch agreed to be taken over by Bank of America. Insurer American International Group Inc asked the Federal Reserve for a lifeline, according to news reports.
Lehman’s bankruptcy filing came after weekend talks brokered by U.S. officials failed to produce a sought-after solution that would involve a buyout of the troubled firm by other companies.
Obama and McCain both said they did not want a taxpayer-funded bailout of Lehman.
Obama has long called for an overhaul of Wall Street regulations, saying the subprime housing crisis and other problems stemmed in part from lack of transparency and accountability in the financial system.
“The challenges facing our financial system today are more evidence that too many folks in Washington and on Wall Street weren’t minding the store,” Obama said. “For years, I have consistently called for modernizing the rules of the road to suit a 21st century market — rules that would protect American investors and consumers.”
What does a Community Organizer know about the economy? His plan is to nationalize the banking industry, and have folks promoted from the DMV handle the money..
Two Delaware residents are giving new meaning to the term “pushing” Obama, according to criminal drug charges filed Thursday.
Fifty-two bags of heroin in bags stamped both with letters spelling out OBAMA and an image in the likeness of Democratic presidential hopeful Sen. Barack Obama were confiscated following a routine car stop on Interstate 95 in Upper Chichester, according to Pennsylvania State Police.
Arrested were driver Nichelle Prince, 26, and Jacquene Walker, 21. The two were arraigned on drug offenses before Magisterial District Judge David J. Murphy in Aston. Bail was set at 10 percent of $20,000 each.
A preliminary hearing is scheduled next week in Magisterial District Judge David Griffin’s court in Lower Chichester.
According to the affidavit of probable cause for arrest written by Trooper Joseph Thompson, the drugs were en route from Delaware to Chester.
Thursday night, authorities in Chester said they had not seen any similar packaging on the street as of yet.
“We’ve seen Jesus, stars, spiders, all kinds of stuff, but not very detailed. They look more like a little kid’s rubber stamp,” said city Narcotics Capt. Alan Davis.
He said the stamp signifies a specific dealer, or a group working together.
According to the arrest affidavit, Thompson was on patrol when he saw a northbound while Buick with dark tinted windows.
Thompson activated the lights on the marked state police cruiser to initiate a stop around 12:35 p.m. He approached the vehicle and asked the driver to put the windows down because he couldn’t see inside. The driver, who put the back window down, identified herself as Prince, but said she did not have her license with her. A piece of paper she provided for the car had the name Nichelle Clint written on it. She told Thompson she didn’t know why that name was on the paper.
In the time it took Thompson to speak with the passenger, learn he didn’t have identification and walk back to Prince, she had her driver’s license in hand.
Prince was eventually found to have been driving with a suspended license. Thompson called for a tow truck.
During an inventory search, Thompson found four bundles of heroin stamped “OBAMA” in the console of the car. Prince and Walker were arrested without incident.
Looks like Hussein has the smackhead bloc sewn up..
Published Sep 5, 2008 9:58 PM
Workers World congratulates the Democratic People’s Republic of Korea on the 60th anniversary of its founding. In 1948, when it defied the imperialist world by refusing to bow down before the U.S. occupation of southern Korea and declared its existence as an independent republic committed to socialist development in the north, few of the capitalist pundits thought it would survive one year, let alone 60.
The Korean people and their revolutionary leaders have shown extraordinary ability and willpower in keeping their commitment. They have faced ferocious aggression from U.S. imperialism that never ended, even after the heroic Korean People’s Army forced the Pentagon to accept a ceasefire in 1953 after three years of invasion and devastating war.
They have skillfully defended the country and deterred more threats of aggression by building up their armed strength, while at the same time relying on the consciousness of the people as the ultimate safeguard of their revolutionary gains.
What all Koreans want, and what the U.S. has done everything to prevent, is the reunification of their divided people. First Kim Il Sung, and now Kim Jong Il, both great leaders of the struggling people of Korea, have pursued that goal vigorously. The slogan “Korea is one!” today expresses that desire. We are sure it will become a reality as U.S. imperialism’s hold over the world is weakened by the struggling masses everywhere.
U.S. out of Korea!
Long live the DPRK!
The World Workers, or whatever the hell their name is, has an editorial praising the North Koreans..
By Jon Herskovitz and Jack Kim
SEOUL (Reuters) – North Korea on Wednesday dismissed reports that leader Kim Jong-il might be seriously ill, a development that could trigger a power shift in Asia’s only communist dynasty.
Speculation grew after the reclusive 66-year-old leader, widely believed to suffer from debilitating illnesses, failed to appear at a parade on Tuesday to mark the country’s 60th anniversary since its founding. A U.S. intelligence official said he might have suffered a stroke.
“(There is) no problem,” North Korea’s nominal number two leader, Kim Yong-nam, told Japan’s Kyodo news agency in Pyongyang.
Senior North Korean diplomat Song Il-ho told Kyodo earlier: “We see such reports as not only worthless, but rather as a conspiracy plot.”
The health concerns come just as the North appears to be going back on a deal with major powers to scrap a program to develop nuclear weapons in return for massive financial aid and a chance to be accepted into the rest of the world.
But South Korean MPs said after a briefing by the country’s spy chief that Kim had suffered a stroke but his condition was under control.
“He is not gravely ill,” one ruling party lawmaker was quoted as saying by Yonhap news agency.
The death of Kim would create huge uncertainty over leadership in a country whose deep distrust of the outside world is backed by one of the globe’s largest standing armies and probably has atomic weapons.
The North has threatened to turn its wealthy neighbor in the south to dust and considers Japan and the United States as mortal enemies.
Kim’s health and possible successor are two of the most closely guarded secrets in the paranoid state.
South Korea said in a 2006 intelligence report that when Kim died, it expected the North Korean government to lapse into a brief coma and then hunker down with top military officials later battling for power, perhaps in partnership with one of Kim’s three known sons.
Kim, whom state media calls the Dear Leader, was groomed for years to succeed his father and the North’s founding president Kim Il-sung, who died in 1994.
But this time there is no clear heir and many analysts say the ruling hierarchy is riven by factionalism and debate between those who want to continue to take a hard line against the West and others who see even a little reform as the only way to drag the country out of abject poverty.
It also leaves a frightening question mark for South Korea, for which a worst-case scenario would be the collapse of the North, leaving it facing social chaos that could wreck Asia’s fourth largest economy.
President Lee Myung-bak called a hurried meeting with senior aides. His unification minister called the situation “odd” but warned against any premature conclusions.
“It is definitely a very delicate time for North Korea in many respects,” Kim Ha-joong told MPs.
Analysts, too, cautioned against reading too much into the absence of the North Korean leader, who often disappears from a fawning state media for long stretches.
MISSES GOOSE-STEPPING SOLDIERS
But others said that given the importance the North placed on the anniversary it was surprising Kim was not on show at the parade featuring columns of goose-stepping soldiers.
“In North Korea or China national anniversaries, especially the 10-year anniversaries, are big events, and for him not to appear suggests something is wrong,” said Cai Jian, an expert on Korea at Fudan University in Shanghai.
South Korean markets, hardened to speculation about the hermit state, showed little reaction. But investors said the news was a reminder of the risks of living next door to North Korea, whose proximity keeps the South’s credit rating a few levels below where it might normally expect to be.
“If Kim is indeed gravely ill or even worse, dead, this cannot be good for the market in the short-term, as political instability and uncertainties on the North will heighten South Korea’s geopolitical risks,” said Lee Kyoung-su of Taurus Investment & Securities.
(Additional reporting by Park Jung-youn in Seoul, Isabel Reynolds in Tokyo and Chris Buckley in Beijing; Editing by Jonathan Thatcher and David Fogarty)
It is the opinion of analysts here at Artorius, that DPRK has at least one functional nuke. Having only one, it is doubtful that even a regime change similar to the rule of the Kim’s, would sell it to terrorists. Simply because they have only have one. Later in the future, perhaps, but not at the moment. We would like to see a full naval blockade around DPRK to prevent the shipment of materials for weapons to DPRK, and the proliferation of counterfeit currency, drugs, and terrorism, out of the North Korea.
It is also our opinion that Barack Obama is ill equipped to deal with these types crises; a community organizer will not frighten a country with nukes and a 1,000,000 man army.