Mark Deen and David Tweed
Bloomberg
September 13, 2009
A d v e r t i s e m e n t
Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.
“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.”
Stiglitz’s views echo those of former Federal Reserve Chairman Paul Volcker, who has advised President Barack Obama’s administration to curtail the size of banks, and Bank of Israel Governor Stanley Fischer, who suggested last month that governments may want to discourage financial institutions from growing “excessively.”
The Gray Lady of Operation Mockingbird, the New York Times, reports today that “thousands” of patriots protested against Obamacare, cap and trade, the bankster bailout, and unchecked federal government power in the District of Criminals yesterday.
“The demonstrators numbered well into the tens of thousands, though the police declined to estimate the size of the crowd,” the newspaper reports, attempting to downplay the historical significance of the protest.
The New York Times says the police declined to estimate the crowd — or rather the corporate media declined to report it — because the number was around two million, the largest protest in the capitol’s history.
The protest out-numbered Martin Luther King’s “I Have a Dream” speech delivered from the steps of the Lincoln Memorial during the March on Washington for Jobs and Freedom on August 28, 1963. That march was estimated at around 200,000 people.
ABC News did likewise, pegging the turnout in the thousands. “Thousands of conservative protesters from across the country converged on the Capitol Saturday morning to demonstrate against President Obama’s proposals for health care reform and voicing opposition to big government, what they say is over-the-top spending,” the corporate propaganda outlet claimed on Saturday.
Ditto the War Street Journal — excuse me, the Wall Street Journal — although they put the number at tens of thousands. The Journal admitted the obvious: “While some Republican officeholders were at the rally, not everybody there called themselves Republicans.”
Fox News tried to spin the event as a Glenn Beck phenomenon.
NPR, the news service of Soros and the foundations, did the same parlor trick with the math, putting the number at tens of thousands. NPR contradicted itself, however, and reported that as “the demonstrators walked along Pennsylvania Avenue toward the U.S. Capitol, the line stretched as far as the eye could see in either direction. The crowd was so thick in places that it was difficult to move.”
As to be expected, the “progressives” (left cover bankster faction) attempted to portray two million patriotic Americans as racists. Think Soros, formerly known as Think Progress, posted a blog entry supposedly revealing racist placards at the event — in fact, none of the signs showed were racist — the worst the Soros operatives produced was a photo of a woman with a Confederate flag. The Soros clan said everybody at the event was white (as if they had examined the skin color of two million people).
It’s not going to work. The two million people who showed up to voice their outrage at a federal government out of control and in violation of the Constitution was but a small sampling of the millions of people across the country in opposition to Obama and the corporate-fascist agenda of his one-world masters.
If Obama and the Democrats ram the deathcare bill through the House by way of “reconciliation,” the opposition will redouble its numbers and once again take to the streets.
Thousands? This timelapse video puts an end to the corporate media lies and spin.
Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors.
A Senate equivalent, S.604, the Federal Reserve Sunshine Act of 2009, has been introduced by Bernie Sanders (I-Vt.). It has 23 cosponsors. Both bills have received a tremendous groundswell of grass-roots support. Much of the support is coming from ordinary people who have become aware of the fact that the Federal Reserve has created trillions of dollars literally out of nothing during the past calendar year in its effort to micromanage its way out of the worst economic crisis since the Great Depression.
If such a measure were passed by both houses of Congress and signed into law by President Obama, the resulting bill would allow the Government Accounting Office to conduct audits of Federal Reserve System monetary policy. The bill proposes to scrutinize the Fed’s dealings not just on domestic monetary policy but on dealings with foreign central banks and foreign governments.
Up to two million people marched to the U.S. Capitol today, carrying signs with slogans such as “Obamacare makes me sick” as they protested the president’s health care plan and what they say is out-of-control spending.
The line of protesters spread across Pennsylvania Avenue for blocks, all the way to the capitol, according to the Washington Homeland Security and Emergency Management Agency.
People were chanting “enough, enough” and “We the People.” Others yelled “You lie, you lie!” and “Pelosi has to go,” referring to California congresswoman Nancy Pelosi.
Demonstrators waved U.S. flags and held signs reading “Go Green Recycle Congress” and “I’m Not Your ATM.” Men wore colonial costumes as they listened to speakers who warned of “judgment day” – Election Day 2010.
Richard Brigle, 57, a Vietnam War veteran and former Teamster, came from Michigan. He said health care needs to be reformed – but not according to President Barack Obama’s plan.
Sept. 10th, 2009, Chicago, Illinois — Two concerned citizens were briefly detained by Department of Homeland Security officers for the crime of filming in a public location and attempting to document the actions of public officials, having political signs in their possession on “Federal property”, and attempting to deliver the petitions of Illinois residents to the offices of our U.S. Senators. They were subsequently released and were free to go after the brief, but outrageous episode.
During an attempt by CNN’s Fredricka Whitfield to demonize Rep. Joe Wilson, a crowd in D.C. tells Lisa Desjardins, the Capitol Hill correspondent for CNNRadio, to tell the truth and for CNN to go home.
PortalScape 