Tag Archives: congress

why so quiet on $612 billion bill that nearly equals bail-out proposal?

The Real News Network reported on October 4th about the most recent landmark spending budget passed by Congress that nearly rivals the $700 billion bail-out proposal, but comes no where near as close in regards to media coverage:

While debate over the Paulson bailout package dominated the headlines, the US Congress quietly passed a landmark $615 billion defense spending bill.  One of the few people to comment on the measure was Chalmers Johnson, in his article “We have the money.”  Chalmers explains to Real News Network’s Senior Editor Paul Jay how the military-industrial complex is a driving force behind the current financial crisis and a determinant of much of what happens in Washington.  He also criticizes the omission of the military-industrial complex from the political discourse determined by the two major parties and the media.

It’s clear that the US media has absolutely no respect for their profession and what it is supposed to represent in society.  With the uprising of information and ideas shared across the world wide web, it’s time we drown out those giant media conglomerates on the internet.  Let them have the TV and radio, and let’s all tune out.

Related article: America’s next president will inherit more than a financial catastrophe when he assumes office.

Update: AIG execs spend $500K at luxury spa weekend after receiving government bail out sums of $85 billion

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ron paul speaks on the banking rescue plan

You can’t have a bad system and think..oh, we’re gonna have brilliant regulators and prevent all of the bad things. -Ron Paul

Update: I just came across Ron Paul’s written statement and additional conversation with a very bored-looking Ben Bernanke at a newly discovered blog, Cultural Capitalism.

Update #2: Rep. Marcy Kaptur (D)-Ohio shows us at least that we can all discuss it openly, in terms that the people can all understand.  My biggest complaint would be that the administration is acting as if not only can Congress and all of our state’s politicians not understand the issues and fixes, but neither can the people. Someone needs to compile some footage of average Americans discussing it all so the government can see – we are just as smart as you are, and we probably read more.

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