Bush warns of ‘long and painful recession’

President Bush on Wednesday warned Americans and lawmakers reluctant to pass a $700 billion financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs, closed businesses and even “a long and painful recession.”

His dire warning came not long after the president issued extraordinary invitations to presidential candidates Barack Obama and John McCain, one of whom will inherit the mess in four months, as well as key congressional leaders to a White House meeting on Thursday to work on a compromise.

“Without immediate action by Congress, American could slip into a financial panic and a distressing scenario would unfold,” Bush said in a 12-minute prime-time address from the White House East Room that he hoped would help rescue his tough-sell bailout package.

Click here for full story

Advertisements

Russia: Poland risks attack because of US missiles

A top Russian general said Friday that Poland’s agreement to accept a U.S. missile interceptor base exposes the ex-communist nation to attack, possibly by nuclear weapons, the Interfax news agency reported.

The statement by Gen. Anatoly Nogovitsyn is the strongest threat that Russia has issued against the plans to put missile defense elements in former Soviet satellite nations.

Poland and the United States on Thursday signed a deal for Poland to accept a missile interceptor base as part of a system the United States says is aimed at blocking attacks by rogue nations. Moscow, however, feels it is aimed at Russia’s missile force.

Click here for full story

Jewish Partisans Behind Russo-Georgia War

Dr. David Duke Exposes the Zionist Role Behind the Russia-Georgia War!

In the introduction to his Monday night radio program David Duke speaks on how Israelis have prompted this war and how Israeli Partisans high up in the Georgia Government did the bidding of Israel by launching the attacks on South Ossetia. He also shows how the Jewish extremist influence in media is so great that many people have the mistaken impression that Russia started this war even though Georgia attacked South Ossetia where Russians, by international agreement, have had peacekeepers there for years in the overwhelming Russian region.

Click here for full story

The Geopolitics of Iran: Holding the Center of a Mountain Fortress

To understand Iran, you must begin by understanding how large it is. Iran is the 17th largest country in world. It measures 1,684,000 square kilometers. That means that its territory is larger than the combined territories of France, Germany, the Netherlands, Belgium, Spain and Portugal – Western Europe. Iran is the 16th most populous country in the world, with about 70 million people. Its population is larger than the populations of either France or the United Kingdom.

Under the current circumstances, it might be useful to benchmark Iran against Iraq or Afghanistan. Iraq is 433,000 square kilometers, with about 25 million people, so Iran is roughly four times as large and three times as populous. Afghanistan is about 652,000 square kilometers, with a population of about 30 million. One way to look at it is that Iran is 68 percent larger than Iraq and Afghanistan combined, with 40 percent more population.

Click here for full story

House Resolution Calls for Naval Blockade against Iran

A US House of Representatives Resolution effectively requiring a naval blockade on Iran seems fast tracked for passage, gaining co-sponsors at a remarkable speed, but experts say the measures called for in the resolutions amount to an act of war.

H.CON.RES 362 calls on the president to stop all shipments of refined petroleum products from reaching Iran. It also “demands” that the President impose “stringent inspection requirements on all persons, vehicles, ships, planes, trains and cargo entering or departing Iran.”

Analysts say that this would require a US naval blockade in the Strait of Hormuz.

Click here for full story

The Israel Lobby: A Case Study in Jewish Influence

The Israel Lobby and U.S. Foreign Policy is a courageous, ground breaking effort. The authors are experts in the field of foreign policy, and they provide exhaustive detail on a wide range of topics. Because of my interest in Jewish issues generally, I was reasonably familiar with many of the issues discussed. But I learned a great deal from this book. And even when the themes were familiar, they were backed up with an extraordinary depth of relevant information.

Each chapter is a treasure trove of information. The first chapter, on the United States as the “Great Benefactor” of Israel, shows that Israel is in a class by itself in terms of receiving aid, not only in how much it receives but in how it receives it and in the lack of accountability for how it is spent. For example, Israel is the only country to receive all of its aid at the beginning of the fiscal year, so that it is able to earn extra interest ($660 million as of 2004) even as the U.S. government must pay interest on the money it provides Israel ($50 million–$60 million per year). Lax enforcement of U.S. tax law results in Jewish donations to the settler movement being tax deductible, and, since there is no accountability for how U.S. aid is spent, it can be used to support policies like the settler movement that the government officially opposes. Mearsheimer and Walt emphasize the “increasingly unconditional nature” of U.S. military aid (p. 37) despite the fact that Israel has often taken actions that the U.S. government opposes (refusing to sign the nuclear non-proliferation treaty, annexing conquered land, building settlements in conquered territories, selling U.S. technology to China, spying on the United States, and using U.S. weapons like cluster bombs in ways that violate U.S. law). Since Eisenhower, the United States has used only larger carrots, not sticks, to try to influence Israeli behavior, often with little or nothing to show for it. Even when Israeli actions contravene explicit American policies, there is at best a temporary interruption of U.S. aid.

Click here for full story

Ron Paul on the Neocons