SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (6092)3/12/2004 2:31:22 AM
From: laura_bush  Respond to of 173976
 
That's HUGE, sam. Thx for posting here.

I think that the "old folks" already retired are real pissed off about interest rates. Add to it this bullshit Bush bill that eliminates their RIGHTS to buy Medicare supplemental insurance. You know about that, right?

"lb"



To: Sam who wrote (6092)3/12/2004 11:02:20 AM
From: PartyTime  Respond to of 173976
 
Your reference is yet another example of how the Bush Administration repeatedly violates the integrity of truth.

* Bush blatantly misled Congress in order to get his preemptive war resolution.

* Bush blatantly misled Congress when it withheld the cost of the war.

* Bush blatantly misled Congress in order to pass its Medicare plan.

GOPwinger Lies/Distortions/Omissions/Perversions of Truth, under normal conditions, would have gathered a few hundred posts and eventually been relegated to obscure SI status. Instead, it has consistently remained featured as one of SI's hottest threads.

There's a reason for this and it has nothing to do with a few dedicated leftists trying to pump up the thread. The reason this thread keeps strong, not weak, interest is because of the facts that continue to come into light, facts very consistent with the title of this thread.

I'm amazed that any Repubicans can withstand the irony of Clinton's sex lie when measured against the many lies of the Bush Administration, lies which have become responsible for thousands of deaths and casualties of the illegal war, and the job ruination of millions of Americans--all to economically benefit and grease a few Administration insiders.

Pitiful is the word!



To: Sam who wrote (6092)3/12/2004 11:06:47 AM
From: PartyTime  Respond to of 173976
 
Worthy of a repeat--all throughout the land!

Message 19907940



To: Sam who wrote (6092)3/13/2004 10:58:12 AM
From: PartyTime  Respond to of 173976
 
Pentagon finance manager resigns

Thursday 11 March 2004, 7:39 Makka Time, 4:39 GMT

The Pentagon's chief financial officer has offered his resignation after overseeing a spiralling defence budget look set to hit $450 billion in 2005.

Rabbi Dov Zakheim's refused to tell journalists the exact reason for his departure on Wednesday.

However, he hinted that the task of controlling hundreds of billions of dollars in the Bush administration was exhausting.

"I'm leaving because I've served three very arduous years in this job."

Background

A former adjunct economics professor at New York's Yeshiva University, Rabbi Zakheim has spent more than 30 years working in various jobs at the Pentagon.

But he has also worked in private industry, specifically as a consultant to McDonnell Douglas and Boeing.


"I'm leaving because I've served three very arduous years in this job"

Rabbi Dov Zakheim,
Pentagon comptroller and chief financial officer
A conservative Republican who graduated from Jew's College in London in 1973, Zakheim first joined the Department of Defence in 1981 under former president Ronald Reagan.

He was responsible for such tasks as preparing defence planning guidance for nuclear war.

Stressful Bush years

The rabbi was a senior foreign policy adviser to then - Governor George Bush during the 2000 presidential campaign.

As Pentagon Comptroller and Chief Financial Officer, Rabbi Zakheim's priority has been financial management.

He had intended to focus his energies on bringing business practices to the bureaucratic business of defence procurement.

But due to the wars in Afghanistan and Iraq, he was forced to prepare numerous supplemental budget requests for Congress to cover the cost of those military conflicts.

The Pentagon has asked Congress for a record $401.7 billion budget for 2005.

But that does not include additional spending needed to support US wars in Iraq and Afghanistan - a sum expected to range from $30 billion to $50 billion.

Mismanaged?

Though the US Defence Department has long been notorious for waste, recent government reports suggest the Pentagon's money management woes have reached astronomical proportions.

A study by the Defense Department's inspector general found that the Pentagon couldn't properly account for more than a trillion dollars in monies spent.

A General Accounting Office report found Defence inventory systems so lax that the US army lost track of 56 aeroplanes, 32 tanks and 36 Javelin missile command launch-units.

Reuters

english.aljazeera.net



To: Sam who wrote (6092)3/13/2004 10:58:45 AM
From: PartyTime  Read Replies (1) | Respond to of 173976
 
US breaks deficit records

Thursday 11 March 2004, 8:09 Makka Time, 5:09 GMT

The US trade deficit has hit an all-time high of $43.1 billion, disproving forecasts that a recent fall in the dollar would help exports.

Figures for January show that imports stayed close to historic highs after a rise in imported oil prices.

Even the politically sensitive trade deficit with China increased to $11.5bn, up from $9.9bn in December.

"To me this is very worrisome. The trade deficit is not improving. It is getting worse despite the dollar depreciation," said Wells Fargo Banks chief economist Sung Won Sohn.

Forecast mistake

In theory, a weakening dollar should have made US exports cheaper and thus more competitive in overseas markets.

The idea was that it should make imports more expensive, reducing demand for foreign goods.

However, analysts noted there were some one-off factors behind the worse-then-expected figures.

"The trade deficit is not improving. It is getting worse despite the dollar depreciation,"

Sung Won Sohn
Chief Economist
Wells Fargo Bank
Imported oil prices during January were at their highest level since March 2003, which led to a 10% rise in the US's petroleum deficit.

Also, exports were hit by restrictions on meat exports following outbreaks of mad cow disease and bird flu.

China

The trade deficit with China rose after imports from the country grew by 6.6%.

The US government has been placing pressure on China to revalue its currency against the dollar.

The yuan is currently pegged at 8.28 yuan to the dollar, but US manufacturers have complained the currency is undervalued by as much as 40% giving Chinese exporters an unfair advantage.

America's total outstanding debt now stands at over $7,112,000,000,000, which means that every single US citizen has a share of just over $24,000.

AFP

english.aljazeera.net