Clinton: Communist China & USA will “Rise or Fall Together”

Breitbart.com | US Secretary of State Hillary Clinton Sunday urged China to keep buying US debt as she wrapped up her first overseas trip, during which she agreed to work closely with Beijing on the financial crisis. Clinton made the plea shortly before leaving China, the final stop on a four-nation Asian tour that also took her to Japan, Indonesia and South Korea, where she worked the crowds to try to restore America’s standing abroad. In Beijing, she called on authorities in Beijing to continue buying US Treasuries, saying it would help jumpstart the flagging US economy and stimulate imports of Chinese goods.

“By continuing to support American Treasury instruments the Chinese are recognising our interconnection. We are truly going to rise or fall together,” Clinton said at the US embassy here.

Clinton had sought to focus on economic and environmental issues in Beijing, saying Washington’s concerns about the human rights situation in China should not be a distraction from those vital matters.  Beijing’s human rights record emerged nonetheless as an issue, as Chinese activists on Saturday reported being harassed or intimidated by Chinese authorities in a bid to stop them speaking out or meeting Clinton while she was here.

“Plainclothes police blocked me from leaving my home. They were afraid I would try to meet with Hillary Clinton or others in her delegation,” democracy campaigner Jiang Qisheng told AFP by phone on Sunday.

Clinton and Chinese Foreign Minister Yang Jiechi largely agreed to disagree on human rights as they pledged future joint action on the economy and climate change.The goodwill, also on display in her talks with President Hu Jintao and Premier Wen Jiabao, could raise hope for a new era of cooperation between the two largest greenhouse gas emitters and two of the world’s top three economies.

“Now it is more important than any time in the past to deepen and develop China-US relations amid the spreading financial crisis and increasing global challenges,” Hu told Clinton, according to state media.

Clinton began her day Sunday by attending a Protestant church service in western Beijing at which an AFP journalist saw plainclothes police taking away some visitors who attempted to enter the church.Their identities could not be confirmed. Later, Clinton met Chinese women’s rights advocates at the US embassy but continued to steer clear of speaking on contentious human rights issues.Instead, while taping an interview on a Chinese talk show, she focused on the need for China to help finance the massive 787-billion-dollar US economic stimulus plan by continuing to buy US Treasuries.

“Because our economies are so intertwined the Chinese know that in order to…” <<<Read Full Story>>>

RNC Speaking Out Against Socialism? Wow.

By Ralph Z. Hallow (Washington Times) |In what would amount to a slap in the face to a sitting Republican president and the party’s Senate and House leaders, national GOP officials, including the vice chairman of the Republican National Committee, are sponsoring a resolution opposing the resort to “socialist” means to save capitalism.

“We can’t be a party of small government, free markets and low taxes while supporting bailouts and nationalizing industries, which lead to big government, socialism and high taxes at the expense of individual liberty and freedoms,” said Solomon Yue, a cosponsor of a resolution that would put the RNC — the party’s national governing body <<<Read the Full Story>>>

Bush Stops Gravity: Abandons Free Market to Save it?

Can principles be suspended or sacrificed?

AFP (Breitbard.com) | US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from “collapse.”

“I’ve abandoned free-market principles to save the free-market system,” Bush told CNN television, saying he had made the decision “to make sure the economy doesn’t collapse.”

Bush’s comments reflect an extraordinary departure from his longtime advocacy for an unfettered free market, as his administration has orchestrated unprecedented government intervention in the face of a dire financial crisis.

“I am sorry we’re having to do it,” Bush said. Bush said….<<<Read the Full Story>>>

Newsweek: Ayn Rand caused America’s Crisis?

Barret Sheridan (Newsweek) | It’s not easy being Alan Greenspan these days. As the former Federal Reserve chairman, he urged government regulators to take a light touch while banks like Bear Stearns and Lehman Brothers buried themselves-and the economy more generally-under a mountain of debt. Now that his reputation is plummeting faster than the stock market, he’s been forced to admit a “flaw” in his hands-off ideology.

Of course, things look entirely different to members of “free-market advocacy groups,” as they like to be called. One such group is the Ayn Rand Institute, named after the matriarch of the movement, whose antigovernment and anti-regulation views are embodied in her best-selling novels “Atlas Shrugged” and “The Fountainhead.” Indeed, Greenspan himself was a friend of Rand’s, and a devotee of her extreme free-market philosophy…[Read Full Article]

Communists: US Crisis will help us regain power

REUTERS INDIA | MOSCOW (Reuters) – Russia’s Communists expect the global financial crisis will cause social unrest and help them challenge for power, the party’s leader said on Saturday.

Gennady Zyuganov told the party’s annual congress the Communists should make maximum use of the growing public discontent caused by the economic downturn to try to restore their political strength.

“The wind of history is blowing in our sails again … At this time of crisis the world of imperialism is starting to die. We are standing on the threshold of political and social shifts,” Zyuganov said in a 2-hour speech opening the congress.

Russia’s Communists ruled the Soviet Union for eight decades and remained a major opposition force for several years after the collapse of the Soviet Union at the end of 1991.

But the party has since lost much of its authority and many analysts say it is too weak to seriously challenge for power.

The Russian authorities are trying to minimise the impact of the financial crisis by promising billions of dollars of state aid. Prime Minister Vladimir Putin has pledged higher social payments to the needy and lower taxes for business.

“The authorities are clearly not coping with managing the country … A mass social protest is brewing and it is hard to predict now when and in what shape it will explode,” Zyuganov said.>>>>Read the Full Article

Hillary’s Credentials, Obama Hipocracy?

By Matthew Coper – CNSNews.com | (CNSNews.com) – President-elect Barack Obama designated Sen. Hillary Clinton (D-N.Y.) to be his next secretary of state Monday, despite having spent much of the previous two years questioning her foreign-policy credentials.

During the campaign for the Democratic nomination, Obama mocked Clinton’s primary claim that she possessed the necessary foreign policy experience to be president.

“What exactly is this foreign policy expertise?” Obama said to reporters in March, while flying from a campaign event in Texas. “Was she negotiating treaties? Was she handling crises? The answer is no.”

In spite of these doubts, Obama praised Clinton’s credentials Monday, saying she would be able to advance America’s interests due to her knowledge of world affairs and familiarity with world leaders.

“She is an American of tremendous stature who will have my complete confidence, who knows many of the world’s leaders, who will command respect in every capital, and who will clearly have the ability to advance our interests around the world,” he said.

Obama said that his new foreign policy team, which will be led by Clinton, would change America’s foreign policy for the better.

“I am confident that this is the team that we need to make a new beginning for American national security,” he told reporters at the announcement.

However, Obama had expressed exactly the opposite view of Clinton during the primary campaign.

“It’s what’s wrong with politics today. Hillary Clinton will say anything to get elected,” Obama said in a January radio ad. “Hillary Clinton. She’ll say anything and change nothing.”

Obama also said Monday that he>>>>Read the Full Article

Supremes: Is Obama Eligible?

By Bob Unruh (WorldNetDaily) | A case that challenges President-elect Barack Obama’s name on the 2008 election ballot citing questions over his citizenship has been scheduled for a “conference” at the U.S. Supreme Court.

Conferences are private meetings of the justices at which they review cases and decide which ones to accept for formal review. This case is set for a conference Dec. 5, just 10 days before the Electoral College is scheduled to meet to make formal the election of Obama as the nation’s next president.

The Supreme Court’s website listed the date for the case brought by Leo C. Donofrio against Nina Wells, the secretary of state”>

in New Jersey, over not only Obama’s name on the 2008 election ballot but those of two others, Sen. John McCain and Roger Calero.

The case, unsuccessful at the state level, had been submitted to Justice David Souter, who rejected it. The case then was resubmitted to Justice Clarence Thomas. The next line on the court’s docket says:>>>>Read the Full Article

Liberal, the New Progressive?

By Michael Lind (solon.com) | Come out of the closet, liberals. Stop using the fashionable euphemism “progressive” and relaunch the old, tarnished L-word.

If the conservative era is over, can liberals come out of their defensive crouch and call themselves liberals again, instead of progressives?

In the last two decades, Democratic politicians, including Barack Obama, have abandoned the term “liberal” for “progressive.” The theory was that Richard Nixon, Ronald Reagan and George W. Bush — and Rush Limbaugh, Sean Hannity and Pat Buchanan — had succeeded in equating “liberal” in the public mind with weakness on defense, softness on crime, and “redistribution” of Joe the Plumber’s hard-earned money to the collective bogey evoked by a former Texas rock band’s clever name: Teenage Immigrant Welfare Mothers on Dope.

I’ve always been uncomfortable with this rather soulless and manipulative exercise in rebranding, for a number of reasons.

Objection No. 1. Futility. It’s not the name of the center-left that the right objects to, but the policies and values. Suppose the defeated Republican minority decided that it needed to rebrand itself by replacing “conservatism” with “traditionalism.” Would anybody on the left or center be fooled, if traditionalism was defined by exactly the same synthesis of free-market radicalism, anti-Darwinism and support for a neoconservative foreign policy?

The center-left is going to be trashed by the right, whether the right adopts one term or another. If conservatives continue to call the new progressives “liberals,” then the right wins, by implying, correctly, that progressives are liberals who are ashamed to admit what they really are. If, on the other hand, “liberal” becomes as extinct as “Whig” and conservatives agree to use the term “progressive,” then what has the center-left gained? Nothing. The same conservatives who formerly denounced liberals as tax-and-spend appeasers would now denounce progressives as tax-and-spend appeasers. What then? Would wimpy progressives then abandon progressivism and hope to avoid the wrath of Limbaugh by disguising themselves with a new alias — reformists, or pragmatists? Your enemies will caricature you, no matter what you call yourself.

Objection No. 2. Progressivism as neoliberalism. Some have sought to distinguish progressivism from liberalism in content. This was the project of the disproportionately Southern “neoliberals” like Bill Clinton and Al Gore and Dave McCurdy and the Democratic Leadership Council and Progressive Policy Institute in the 1980s and 1990s. Instead of using the obvious term, “moderate” or “centrist,” they sought to co-opt the term “progressive,” even though they weren’t very. In their analysis, liberalism was too identified in the public mind with organized labor and big-city machine bosses like the first Mayor Daley. They struggled and largely succeeded in creating a new Democratic Party based among upscale suburban whites and financed by the Industry Formerly Known as Wall Street rather than private-sector labor unions.

Fine by me. While the New Democrats were too conservative for my taste in some ways, a majority party has multiple factions or wings, and in the late 20th century the only way that the Democratic Party could grow was by appealing to>>>>Read the Full Story

Q&A—Ask Ron Paul

The questions were submitted by readers to Steven Dubner’s Freakonomics Blog at the New York Times and answered by Dr. Paul.

Q: What was your first thought when you found out McCain chose Palin as his running mate?

A: At first, I thought it was a pretty savvy choice from a political perspective. I also knew that she had said some nice things about me in the past. At the same time, I knew that to be on the ticket, she would have to toe the line on foreign policy and the war, so that tempered a lot of my enthusiasm.

Q: Who in Congress would you consider to be your closest peer(s)?

A: There are a lot of members who I work with on a variety of different issues. Walter Jones is a good friend and works with me on foreign policy. Often on spending, if there is a 432-3 vote, the other two congressmen voting with me are Jeff Flake and Paul Broun. A lot of times, I work with Democrats on civil liberties issues.

I guess my point is that people from all over the political spectrum can side with liberty and the Constitution. The goal is to get a majority to vote that way most of the time.

Q: It was mentioned you were in favor of getting rid of the Department of Education. Is this true, and if so, how do you feel this would benefit the country?

A: I do believe in eliminating the Department of Education.

First, the Constitution does not authorize the Department of Education, and the founders never envisioned the federal government dictating those education policies.

Second, it is a huge bureaucracy that squanders our money. We send billions of dollars to Washington and get back less than we sent. The money would be much better off left in states and local communities rather than being squandered in Washington.

Finally, I think that the smallest level of government possible best performs education. Teachers, parents, and local community leaders should be making decisions about exactly how our children should be taught, not Washington bureaucrats. The Department of Education has given us No Child Left Behind, massive unfunded mandates, indoctrination, and in come cases, forced medication of our children with psychotropic drugs. We should get rid of all of that and get those choices back in the hands of the people.

Q: What active steps would you take toward reducing the size of the government?

A: The first thing I would do>>>>Read the Full Article

Victory? Vatican releases “Prophecy”

By Flavia Krause-Jackson and Lorenzo Totaro (Bloomberg) | Nov. 20 (Bloomberg) — Pope Benedict XVI was the first to predict the crisis in the global financial system, a “prophecy” dating to a paper he wrote when he was a cardinal, Italian Finance Minister Giulio Tremonti said.

“The prediction that an undisciplined economy would collapse by its own rules can be found” in an article written by Cardinal Joseph Ratzinger, who became pope in April 2005, Tremonti said yesterday at Milan’s Cattolica University.

German-born Ratzinger in 1985 presented a paper entitled “Market Economy and Ethics” at a Rome event dedicated to the Church and the economy. The future pope said a decline in ethics “can actually cause the laws of the market to collapse.”

Pope Benedict in an Oct. 7 speech reflected on crashing markets and concluded that “money vanishes, it is nothing” and warned that “the only solid reality is the word of God.”

The Vatican’s official newspaper, l’Osservatore Romano, on the same day criticized the free-market model for having “grown too much and badly in the past two decades.”>>>>Read the Full Article

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