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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: TigerPaw who wrote (6346)9/14/2002 2:37:05 AM
From: pbull  Respond to of 89467
 
Ya, that's a problem that's getting worse. And that's why despite Greenie's super-low interest rates, banks flat won't lend to anyone other than their most credit-worthy customers.
In other words, this free money (0% financing on cars) doesn't get into the system until the banks lend, and, well, they just don't, because they have too many bad loans to deal with already because of the credit binge of the '90s.
In fact, I see some of the smaller, regional banks as being prudent investments at this point for that reason.
I'm not bug-eyed over gold, and I have my doubts that oil is going to $70 a barrel. But anyone who speaks of what is going on now as an "economic recovery" should be ignored. And that would include the U.S. Fed.
I think the Canadian Central Bank may have it right. It has RAISED interest rates four times this year, to defend the Loonie (their currency).
The fact of the matter is, in my opinion, we need an event that cleanses our financial system, and a big ol' recession just may be what the doctor ordered.
Painful, yes. But if we act now, at least we get it over with. Look, the S&P is trading at 32x earnings. This is silly. Dragging things out from here, after what has already happened, serves no purpose that I can determine.
Japan didn't face up to the problem, and look where that got them.

PB



To: TigerPaw who wrote (6346)9/14/2002 4:09:08 AM
From: stockman_scott  Respond to of 89467
 
CounterPunch Special Report: 9/11 One Year After

A Year Later: It's Happening Here
Milestones on the Road to a Military Government in the United States
by Bill Christison*
former CIA political analyst
September 7, 2002

"We have a war going on."

counterpunch.org

<<...How many hundreds of times in the past year have you heard this tired excuse, mouthed as often by Democrats as Republicans to avoid serious debate? The speaker, generally self-righteous, always believes or at least pretends that he is supporting some policy vital to the fight against evil, either abroad or in the fatherland. The Bush administration itself chose to initiate open-ended, lengthy, and large-scale wars rather than treat the events of September 11 as a crime, and that opened the door. Since most U.S. citizens liked calling it war, our leaders then began using the "fact" of war to justify any other actions they wanted to take. At the same time they refused even to consider changing any of Washington's own provocative and hate-inducing foreign policies.

What happened first was that the U.S. military, taking few casualties itself, used its high-tech aerial firepower to kill many innocents in Afghanistan. Most of the bloodshed never appeared on U.S. boob-tubes. Because, one supposes, this first war continues and someone at a high level has decided that much of the information about it cannot yet be declassified, U.S. officials have publicly avoided even estimating the amount of this collateral bloodshed (although they do claim it is small). But no one in the U.S. considers the number killed in the World Trade Center and the Pentagon to be small, and the number of innocents who died in Afghanistan from U.S. actions may well be higher.

Recently, the president and his handlers have been expanding their efforts to begin a second war, without bothering much to tie the expansion to terrorism. If they have their way, other wars will follow, and for years to come the U.S. will ­ unless somehow the lunacy can be stopped ­ spend untold billions beefing up the already bloated armed forces, the dozen or so redundant U.S. intelligence agencies, and the nation's flawed internal security organs. Deep deficits and an expanding national debt will surely result, but the Bush administration will accept them because "a war is going on". Washington will almost certainly pay no more than lip service to the poverty, health, water, food, and environmental problems facing both the global and the U.S. domestic economies, and in any case will allot only tiny resources to deal with them. As for future collateral bloodshed, the administration is unlikely to demonstrate any more concern than it has to date. And to date that concern has been almost wholly propagandistic...>>

___________________________________________

*Bill Christison joined the CIA in 1950, and served on the analysis side of the Agency for 28 years. From the early 1970s he served as National Intelligence Officer (principal adviser to the Director of Central Intelligence on certain areas) for, at various times, Southeast Asia, South Asia and Africa. Before he retired in 1979 he was Director of the CIA's Office of Regional and Political Analysis, a 250-person unit. His wife Kathy also worked in the CIA, retiring in 1979.



To: TigerPaw who wrote (6346)9/14/2002 7:33:45 AM
From: stockman_scott  Respond to of 89467
 
Hunter Thompson is still all-Gonzo

Commentary: Urges Bush to quit, Americans to vote
By Jon Friedman, CBS.MarketWatch.com
Last Update: 2:52 PM ET Sept. 13, 2002

NEW YORK (CBS.MW) -- So, Hunter S. Thompson was saying on the phone Friday morning, he had recently hung out with his long-time friend Bob Dylan while the rock-and-roll star was on tour in Colorado.


Yes, we're talking about THAT Hunter Thompson and, yes, THAT Bob Dylan. Talk about a meeting for the ages: Thompson, the maestro of Gonzo journalism, and Dylan, the voice of his generation and still going strong at the age of 61.

Thompson, who turned 63 on July 18, said he and Dylan had been lamenting the current spirit of America, whose fertile imagination each have tapped into for inspiration, fame and fortune since the 1960s.

Thompson said he shared with Dylan his concern about the country's clamor for what loomed as "World War III and World War IV." He told CBS.MarketWatch.com in an interview that Dylan was "one of his heroes."

Dylan, whom Thompson first met in Greenwich Village in the early 1960s, nodded and said, presumably in his trademark laconic but forceful speaking style: "But WE don't have to join them."

See the interview Part 1, Part 2

Still Gonzo after all these years

Make no mistake, Hunter Thompson is still outspoken and all-Gonzo.

Contrary to his image as a wild man, Thompson spoke in carefully measured tones. He was calm and considerate. Most of all, he was very interesting.

We talked on the telephone for about 20 minutes. Thompson is one of America's most acclaimed political and pop culture chroniclers of the past 30 years. The author of such classics as "Fear and Loathing in Las Vegas" and "Fear and Loathing on the Campaign Trail" is famed for his outspoken and brilliant writing style, his wild, partying lifestyle and his liberal politics.

He is as relevant today as when he revolutionized much of journalism in the 1970s with his self-styled "Gonzo" approach. Gonzo was a kind of shorthand for unrestrained first-person writing. Echoing such writers as Tom Wolfe and Charles Bukowski, Thompson's writing was equal parts irreverent and without reverence.

Writing about Richard Nixon's pre-Watergate victory over George McGovern in 1972, Thompson eloquently conveyed his outrage and, well, fear and loathing. He said America had been reduced to a country of used car salesmen, and lamented: How low do you have to stoop to be elected President of the United States?

When our interview began, Thompson was watching a classic bit of Americana, circa 2002: a live CNN report about the police closing Alligator Alley, a stretch of highway in Florida, as they investigated a vague but worrisome report from a waitress in Georgia about a possible terrorist bomb threat.

Thompson said he was stunned by the attention stemming "from a conversation a woman overhears in some diner in Calhoun, Ga." She then phones her fear in to "some tip line."

Thompson didn't even try to conceal his amazement that the police would go so far as to "shut down the interstate highway" and BLOW UP PEOPLE'S LUGGAGE!"

The CNN story was an example of what he called the media taking its devotion to sensationalism "past all limits of absurdity." It was clear that Thompson was more outraged by the media attention being given to the story than to the realism of the threat.

Other points that Thompson made in our interview:

He has a new book coming out in December. The title? "Kingdom of Fear." That's basically how he views the state of the U.S. right now.
The only stock he said he ever bought was the Boston Celtics.
He still has harsh words for the "greedheads" and the Republican oil tycoons who come to Colorado and complicate his life.
His advice for President Bush: "QUIT!"
His advice for his fellow citizens: "Get out and vote."

Getting the interview

It's not easy to interview Thompson.

Thompson lives in Woody Creek, Colo., and prefers to stay out of the limelight in New York and Los Angeles. He lives a nocturnal lifestyle and is hard to pin down.

Thompson, who has been portrayed in movies over the years by actors as varied as Bill Murray and Johnny Depp, is a hero to people, revered for his wit, bluntness and spirit of fun. Try as we professionals might to remain detached about our assignments, we all thought it would be pretty cool to be able to get an interview with Hunter S. Thompson.

(When Rolling Stone founder and editor Jann Wenner first met Thompson in the early 1970s, Wenner is said to have declared: "I know I'm the voice of the counter culture and all of that, but what is that?"

In fact, it took CBS.MarketWatch.com a few weeks of conversation, planning and arranging. Finally, a Thompson representative said our interview was a go and asked us to call him at 9:15 a.m. Eastern Time, or 7:15 in Colorado.

We called him 15 minutes early, just to be safe. The MarketWatch newsroom in New York was buzzing with excitement. Thompson, we assumed from his reputation for wild partying over many decades, was buzzing himself, but in a different way.

We placed the call -- but there was a hold-up.

We were told to call back 15 minutes later -- Thompson was having dinner. At seven in the morning.

You simply can't beat that little slice of life for a classic Gonzo nugget.
___________________________________________________

Jon Friedman is media editor for CBS.MarketWatch.com in New York.

cbs.marketwatch.com