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	<title>Clarksville, TN Online &#187; President George W. Bush</title>
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	<description>The voice of Clarksville, Tennessee</description>
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		<title>Americans United urges Senate to reject &#8216;Compassion Capital&#8217; funding in economic recovery package</title>
		<link>http://www.clarksvilleonline.com/2009/01/29/americans-united-urges-senate-to-reject-compassion-capital-funding-in-economic-recovery-package/</link>
		<comments>http://www.clarksvilleonline.com/2009/01/29/americans-united-urges-senate-to-reject-compassion-capital-funding-in-economic-recovery-package/#comments</comments>
		<pubDate>Thu, 29 Jan 2009 15:55:17 +0000</pubDate>
		<dc:creator>News Staff</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[American Recovery and Reinvestment Act of 2009]]></category>
		<category><![CDATA[Americans United Executive Director Rev. Barry W. Lynn]]></category>
		<category><![CDATA[Americans United for Separation of Church and State]]></category>
		<category><![CDATA[“Compassion Capital” Fund]]></category>
		<category><![CDATA[civil rights and civil liberties safeguards]]></category>
		<category><![CDATA[faith-based initiative]]></category>
		<category><![CDATA[federal economic recovery package]]></category>
		<category><![CDATA[first amendment]]></category>
		<category><![CDATA[President George W. Bush]]></category>
		<category><![CDATA[religious freedom]]></category>
		<category><![CDATA[Separation of Church and State]]></category>

		<guid isPermaLink="false">http://www.clarksvilleonline.com/?p=15070</guid>
		<description><![CDATA[&#8216;Faith-Based&#8217; funds were misused by Bush administration, Church-State watchdog group says
The U.S. Senate should not go along with a House plan that provides $100 million in “faith-based” funding as part of the federal economic recovery package, according to Americans United for Separation of Church and State.
HR 1, the measure approved by the House yesterday, includes [...]]]></description>
			<content:encoded><![CDATA[<p><span style="color: #000080;"><em><strong>&#8216;Faith-Based&#8217; funds were misused by Bush administration, Church-State watchdog group says</strong></em></span></p>
<p><img class="alignleft size-full wp-image-13965" title="church-and-state" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/12/church-and-state.jpg" alt="church-and-state" width="175" height="203" />The U.S. Senate should not go along with a House plan that provides $100 million in “faith-based” funding as part of the federal economic recovery package, according to Americans United for Separation of Church and State.</p>
<p>HR 1, the measure approved by the House yesterday, includes a $100 million appropriation for the “Compassion Capital” Fund (CCF), a key component of former President George W. Bush’s faith-based initiative.</p>
<p>Americans United officials say CCF money was allocated by the Bush White House without adequate oversight or civil rights and civil liberties safeguards. Administration officials also misused the fund to help political candidates and directed cash to their Religious Right allies. (TV preacher Pat Robertson’s Operation Blessing, for example, was given a grant.)<span id="more-15070"></span>Said the Rev. Barry W. Lynn, Americans United executive director, “I am disappointed that the House included funding for the so-called ‘compassion capital’ program. I hope the Senate refuses to go along with this.”</p>
<p>Lynn noted, however, that he is pleased with other aspects of the House’s American Recovery and Reinvestment Act of 2009.</p>
<p>Americans United’s legislative team successfully worked with House members to ensure that problematic faith-based provisions did not apply to the overall economic recovery bill, Lynn said. That’s an important victory, he asserted, in preserving civil rights and civil liberties.</p>
<p>The House stimulus bill also provides broad funding for public school renovations, he continued, but specifically forbids the use of federal money at religious schools or houses of worship.</p>
<p>“I think House members were sensitive to the First Amendment’s church-state separation mandate when they restricted public funds to use at public schools,” Lynn said. “I just wish they had carried that constitutional commitment forward and dropped funding for the much-abused Bush ‘faith-based’ scheme.”</p>
<p><em><strong>About the Author: Americans United is a religious liberty watchdog group based in Washington, D.C. Founded in 1947, the organization educates Americans about the importance of church-state separation in safeguarding religious freedom.</strong></em></p>
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		<title>When are WE going to get over it?</title>
		<link>http://www.clarksvilleonline.com/2009/01/19/when-are-we-going-to-get-over-it/</link>
		<comments>http://www.clarksvilleonline.com/2009/01/19/when-are-we-going-to-get-over-it/#comments</comments>
		<pubDate>Mon, 19 Jan 2009 14:00:47 +0000</pubDate>
		<dc:creator>A Guest Commentator</dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA["Election Spurs Hundreds' of Race Threats]]></category>
		<category><![CDATA[African American]]></category>
		<category><![CDATA[Crimes"]]></category>
		<category><![CDATA[Dr. Andrew Manis]]></category>
		<category><![CDATA[Impeachment]]></category>
		<category><![CDATA[John Kennedy]]></category>
		<category><![CDATA[Martin Luther King Jr]]></category>
		<category><![CDATA[President Ford]]></category>
		<category><![CDATA[President George W. Bush]]></category>
		<category><![CDATA[President Reagan]]></category>
		<category><![CDATA[Presidsent Nixon]]></category>
		<category><![CDATA[Robert kennedy]]></category>
		<category><![CDATA[United States Congress]]></category>

		<guid isPermaLink="false">http://www.clarksvilleonline.com/?p=14607</guid>
		<description><![CDATA[
For much of the last forty years, ever since America &#8220;fixed&#8221; its race problem in the Civil Rights and Voting Rights Acts, we white people have been impatient with African Americans who continued to blame race for their difficulties. Often we have heard whites ask, &#8220;When are African Americans finally going to get over it?
Now [...]]]></description>
			<content:encoded><![CDATA[<p><img class="size-full wp-image-14608 alignright" title="dr-manis" src="http://www.clarksvilleonline.com/wp-content/uploads/2009/01/dr-manis.jpg" alt="dr-manis" /></p>
<p>For much of the last forty years, ever since America &#8220;fixed&#8221; its race problem in the Civil Rights and Voting Rights Acts, we white people have been impatient with African Americans who continued to blame race for their difficulties. Often we have heard whites ask, &#8220;When are African Americans finally going to get over it?</p>
<p>Now I want to ask:  &#8220;When are we White Americans going to get over our ridiculous obsession with skin color?</p>
<p><img class="alignleft size-full wp-image-12246" title="opinion-081" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/11/opinion-081.gif" alt="opinion-081" width="150" height="56" />Recent reports that &#8220;Election Spurs Hundreds&#8217; of Race Threats, Crimes&#8221; should frighten and infuriate every one of us. Having grown up in &#8220;Bombingham,&#8221; Alabama in the 1960s, I remember overhearing an avalanche of comments about what many white classmates and their parents wanted to do to John and Bobby Kennedy and Martin Luther King. Eventually, as you may recall, in all three cases, someone decided to do more than &#8220;talk the talk.&#8221;  <span id="more-14607"></span><br />
Since our recent presidential election, to our eternal shame we are once again hearing the same reprehensible talk I remember from my boyhood.</p>
<p>We white people have controlled political life in the disunited colonies and United States for some 400 years on this continent. Conservative whites have been in power 28 of the last 40 years. Even during the eight Clinton years, conservatives in Congress blocked most of his agenda and pulled him to the right. Yet never in that period did I read any headlines suggesting that anyone was calling for the assassinations of presidents Nixon, Ford, Reagan, or either of the Bushes.   Criticize them, yes.  Call for their impeachment, perhaps.</p>
<p>But there were no bounties on their heads. And even when someone did try to kill Ronald Reagan, the perpetrator was non-political mental case who wanted merely to impress Jody Foster.</p>
<p>But elect a liberal who happens to be Black and we&#8217;re back in the sixties again. At this point in our history, we should be proud that we&#8217;ve proven what conservatives are always saying -that in America anything is possible, EVEN electing a black man as president. But instead we now hear that schoolchildren from Maine to California are talking about wanting to &#8220;assassinate Obama.&#8221;</p>
<p>Fighting the urge to throw up, I can only ask, &#8220;How long?&#8221;    How long before we white people realize we can&#8217;t make our nation, much less the whole world, look like us? How long until we white people can -once and for all- get over this hell-conceived preoccupation with skin color?  How long until we white people get over the demonic conviction that white skin makes us superior?  How long before we white people get over our bitter resentments about being demoted to the status of equality with non-whites?</p>
<p>How long before we get over our expectations that we should be at the head of the line merely because of our white skin? How long until we white people end our silence and call out our peers when they share the latest racist jokes in the privacy of our white-only conversations?</p>
<p>I believe in free speech, but how long until we white people start making racist loud mouths as socially uncomfortable as we do flag burners? How long until we white people will stop insisting that blacks exercise personal responsibility, build strong families, educate themselves enough to edit the Harvard Law Review, and work hard enough to become President of the United States, only to threaten to assassinate them when they do?</p>
<p>How long before we starting &#8220;living out the true meaning&#8221; of our creeds, both civil and religious, that all men and women are created equal and that &#8220;red and yellow, black and white&#8221; all are precious in God&#8217;s sight?</p>
<p>Until this past November 4, I didn&#8217;t believe this country would ever elect an African American to the presidency.   I still don&#8217;t believe I&#8217;ll live long enough to see us white people get over our racism problem. But here&#8217;s my three-point plan:</p>
<p>First, everyday that Barack Obama lives in the White House that Black Slaves Built I&#8217;m going to pray that God (and the Secret Service) will protect him and his family from us white people.</p>
<p>Second, I&#8217;m going to report to the FBI any white person I overhear saying, in seriousness or in jest, anything of a threatening nature about President Obama.</p>
<p>Third, I&#8217;m going to pray to live long enough to see America surprise the world once again, when white people can &#8220;in spirit and in truth&#8221; sing of our damnable color prejudice, &#8220;We HAVE overcome.&#8221;</p>
<p>It takes a Village to protect our President!!!</p>
<p><em><strong>About the author: Andrew Manis is author of Macon Black and White and serves on the steering committee of Macon&#8217;s Center for Racial understanding. </strong></em></p>
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		<title>McCain drops campaign to focus on economy; seeks postponement of upcoming debate</title>
		<link>http://www.clarksvilleonline.com/2008/09/24/mccain-drops-campaign-to-focus-on-economy-seeks-postponement-of-upcoming-debate/</link>
		<comments>http://www.clarksvilleonline.com/2008/09/24/mccain-drops-campaign-to-focus-on-economy-seeks-postponement-of-upcoming-debate/#comments</comments>
		<pubDate>Wed, 24 Sep 2008 21:56:36 +0000</pubDate>
		<dc:creator>Christine Anne Piesyk</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Events]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[finances]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[President George W. Bush]]></category>
		<category><![CDATA[Presidential Debate]]></category>
		<category><![CDATA[Sen. Barack Obama]]></category>
		<category><![CDATA[Senator John McCain]]></category>
		<category><![CDATA[Wall Street Bail-Out]]></category>

		<guid isPermaLink="false">http://www.clarksvilleonline.com/?p=9732</guid>
		<description><![CDATA[BREAKING NEWS: John McCain this afternoon announced he was suspending his campaign to focus on the economic crisis in America and has requested that the Sept. 26 debate be rescheduled.
President Bush to address nation at 8 p.m. CST.
McCain&#8217;s decision is a complete about-face from his prior statements  that the United States economy is &#8220;fundamentally sound.&#8221; [...]]]></description>
			<content:encoded><![CDATA[<p><span style="color: #ff0000;"><strong>BREAKING NEWS: </strong><em><strong>John McCain this afternoon announced he was suspending his campaign to focus on the economic crisis in America and has requested that the Sept. 26 debate be rescheduled.</strong></em></span></p>
<p><span style="color: #ff0000;"><em><strong>President Bush to address nation at 8 p.m. CST.</strong></em></span></p>
<p><span style="color: #ff0000;"><strong><span style="color: #000000;">McCain&#8217;s decision is a complete about-face from his prior statements  that the United States economy is &#8220;fundamentally sound.&#8221; </span></strong><em><strong> </strong></em></span><strong>This is John McCain&#8217;s statement, released at 3 p.m. today.:</strong></p>
<div id="attachment_3483" class="wp-caption alignleft" style="width: 164px"><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/01/johnmccain.jpg"   class="thickbox no_icon" rel="gallery-9732" title="John Mccain"><img class="size-medium wp-image-3483" title="John Mccain" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/01/johnmccain.jpg" alt="" width="154" height="194" /></a><p class="wp-caption-text">Sen. John McCain</p></div>
<p>America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees. If we do not act, ever corner of our country will be impacted. We cannot allow this to happen.</p>
<p>Last Friday, I laid out my proposal and I have since discussed my priorities and concerns with the bill the Administration has put forward. Senator Obama has expressed his priorities and concerns.This morning, I met with a group of economic advisers to talk about the proposal on the table and the steps that we should take going forward.I have also spoken with members of Congress to hear their perspective.<span id="more-9732"></span>It has become clear that no consensus has developed to support the Administration&#8217; proposal. I do not believe that the plan on the table will pass as it currently stands, and we are running out of time.</p>
<p>Tomorrow morning, I will suspend my campaign and return to Washington after speaking at the Clinton Global Initiative. I have spoken to Senator Obama and informed him of my decision and have asked him to join me.</p>
<p><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/money.gif"   class="thickbox no_icon" rel="gallery-9732" title="money"><img class="alignleft size-medium wp-image-9734" title="money" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/money.gif" alt="" width="182" height="179" /></a>I am calling on the President to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself. It is time for both parties to come together to solve this problem.</p>
<p>We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved.I am directing my campaign to work with the Obama campaign and the commission on presidential debates to delay Friday night&#8217;s debate until we have taken action to address this crisis.</p>
<p>I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to achieve this is temporarily set politics aside, and I am committed to doing so.</p>
<p>Following September 11th, our national leaders came together at a time of crisis. We must show that kind of patriotism now. Americans across our country lament the fact that partisan divisions in Washington have prevented us from addressing our national challenges. Now is our chance to come together to prove that Washington is once again capable of leading this country.</p>
<p>In response to McCain&#8217;s decision, Senator Obama said he did not feel the debate should be postponed, adding that<br />
&#8220;It&#8217;s my belief that this is exactly the time when the American people need to hear from the person will be the next president. It is going to be part of the president&#8217;s job to deal with more than one thing at once. It&#8217;s more important than ever to present ourselves to the American people.&#8221;</p>
<p>With the proposed $700 billion bail-out mired in debate abnd controversy, President Bush will address the nation tonight at 9 a.m EST.</p>
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		<title>The magnitude and meaning of the proposed bailout: What $700 billion for Wall Street means on Main Street</title>
		<link>http://www.clarksvilleonline.com/2008/09/24/the-magnitude-and-meaning-of-the-proposed-bailout-what-700-billion-for-wall-street-means-on-main-street/</link>
		<comments>http://www.clarksvilleonline.com/2008/09/24/the-magnitude-and-meaning-of-the-proposed-bailout-what-700-billion-for-wall-street-means-on-main-street/#comments</comments>
		<pubDate>Wed, 24 Sep 2008 13:00:24 +0000</pubDate>
		<dc:creator>A Guest Commentator</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[finances]]></category>
		<category><![CDATA[government "bail-out"]]></category>
		<category><![CDATA[Jill Hanson]]></category>
		<category><![CDATA[Jo Commeford]]></category>
		<category><![CDATA[Main Street]]></category>
		<category><![CDATA[National Priorities Project]]></category>
		<category><![CDATA[President George W. Bush]]></category>
		<category><![CDATA[Secretary Paulson]]></category>
		<category><![CDATA[Wall Street]]></category>
		<category><![CDATA[Wall Street Bail-Out]]></category>
		<category><![CDATA[War in Iraq]]></category>

		<guid isPermaLink="false">http://www.clarksvilleonline.com/?p=9681</guid>
		<description><![CDATA[Northampton, MA (9.23.08) ~~ The plan proposed by President Bush and Secretary Paulson for a $700 billion bailout of Wall Street is difficult for most people to comprehend. National Priorities Project, a non-partisan organization that offers research and analysis of federal spending priorities, is offering an analysis of what $700 billion means to taxpayers.
“It is [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/national-priority-money.jpg"   class="thickbox no_icon" rel="gallery-9681" title="national-priority-money"><img class="size-medium wp-image-9683 alignright" title="national-priority-money" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/national-priority-money-299x450.jpg" alt="" width="107" height="162" /></a>Northampton, MA (9.23.08) ~~ The plan proposed by President Bush and Secretary Paulson for a $700 billion bailout of Wall Street is difficult for most people to comprehend. National Priorities Project, a non-partisan organization that offers research and analysis of federal spending priorities, is offering an analysis of what $700 billion means to taxpayers.</p>
<p style="padding-left: 30px;">“<em>It is extremely difficult for most of us to get our minds around what this extraordinary amount of money means.  We hear every day about spending cuts to infrastructure and social services. Now the current Administration is proposing to spend more than what is currently allocated for the U.S. War in Iraq on this Wall Street bailout.  It is critically important that we urge our elected representatives to take a close and careful look at the trade offs involved in their decisions.” </em></p>
<p style="padding-left: 30px; text-align: right;"><em>~~ Jo Comerford, Executive Director of National Priorities Project</em>.<span id="more-9681"></span></p>
<p>A healthy and productive economy requires substantial investment in affordable housing, health care, education and renewable energy. Taxpayers in the United States who will be required to pay $700 billion for the Wall Street bailout should also know that for the same amount of money, they could secure the following:</p>
<ul>
<li>51.6 million people with health care for four years OR</li>
<li>181.2 million homes with renewable electricity for four years OR</li>
<li>2.9 million elementary school teachers for four years OR</li>
<li>27 million four-year scholarships for university students</li>
</ul>
<p>$700 billion is more than what is currently allocated for the U.S. war in Iraq. This amount would allow us to repair all of our nations 77,000 deteriorated bridges and still have $519 billion to spend; or it would allow us to rebuild all of our nations 33,000 deteriorating schools and still have $664 billion to spend. For more analysis and trade-offs at the State and Congressional District level, please visit National Priorities Project&#8217;s Trade-offs page online (<a target="_blank" href="http://www.nationalpriorities.org/tradeoffs"  >www.nationalpriorities.org/tradeoffs</a>).</p>
<p><em><strong>Submitted by: </strong>Jillian Hanson, Communications Director, and Jo Comerford, Executive Director of The National Priorities Project (NPP), a 501(c)(3) research organization that analyzes and clarifies federal data so that people can understand and influence how their tax dollars are spent.  Located in Northampton, MA, since 1983, NPP focuses on the impact of federal spending and other policies at the national, state, congressional district and local levels.  For more information, go to</em> <a target="_blank" href="http://nationalpriorities.org."  >http://nationalpriorities.org.</a></p>
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		<title>U.S. Market Meltdown: Three times is enemy action</title>
		<link>http://www.clarksvilleonline.com/2008/09/23/market-meltdown-three-times-is-enemy-action/</link>
		<comments>http://www.clarksvilleonline.com/2008/09/23/market-meltdown-three-times-is-enemy-action/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 13:00:32 +0000</pubDate>
		<dc:creator>A Guest Commentator</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Alan Greenspan]]></category>
		<category><![CDATA[American Public Media's Marketplace]]></category>
		<category><![CDATA[Arthur Levitt]]></category>
		<category><![CDATA[Bear Stearns]]></category>
		<category><![CDATA[Bob Moon]]></category>
		<category><![CDATA[busienss]]></category>
		<category><![CDATA[Charles Keating]]></category>
		<category><![CDATA[Commodity Futures Modernization Act]]></category>
		<category><![CDATA[Credit check]]></category>
		<category><![CDATA[credit default]]></category>
		<category><![CDATA[default]]></category>
		<category><![CDATA[deregulators]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[ENRON]]></category>
		<category><![CDATA[Enron Loophole]]></category>
		<category><![CDATA[Federal Home Loan Bank Board]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[finances]]></category>
		<category><![CDATA[fiscal whistle blowers]]></category>
		<category><![CDATA[Fred Thompson]]></category>
		<category><![CDATA[Garn-St. Germain Depository Institutions Act]]></category>
		<category><![CDATA[Glass-Steagall Act]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Gramm-Leach-Bliley Act]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[John McCain]]></category>
		<category><![CDATA[Kai Ryssdal]]></category>
		<category><![CDATA[Keating Five]]></category>
		<category><![CDATA[Lincoln Savings & Loan Association]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[Phil Gramm]]></category>
		<category><![CDATA[President George W. Bush]]></category>
		<category><![CDATA[Republican Party]]></category>
		<category><![CDATA[Resolution Trust Company]]></category>
		<category><![CDATA[Saving and Loan Crisis]]></category>
		<category><![CDATA[Senate Banking Committee]]></category>
		<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[sub-prime mortgage crisis]]></category>
		<category><![CDATA[US Bancorp]]></category>
		<category><![CDATA[US gross domestic product]]></category>
		<category><![CDATA[Wachovia]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.clarksvilleonline.com/?p=9603</guid>
		<description><![CDATA[James Bond&#8217;s wealthy nemesis may have had an obsession with gold, but he judged, quite correctly, that if people keep putting your plans awry, that was likely their intent.
&#8220;Once is happenstance. Twice is coincidence. Three times is Enemy Action.&#8221; &#8212; Auric Goldfinger, Ian Fleming&#8217;s James Bond

In 1982, the same year John McCain entered the Senate, [...]]]></description>
			<content:encoded><![CDATA[<p>James Bond&#8217;s wealthy nemesis may have had an obsession with gold, but he judged, quite correctly, that if people keep putting your plans awry, that was likely their intent.</p>
<blockquote><p><em>&#8220;Once is happenstance. Twice is coincidence. Three times is Enemy Action.&#8221; &#8212; Auric Goldfinger, Ian Fleming&#8217;s James Bond</em></p>
</blockquote>
<p><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/money.jpg"   class="thickbox no_icon" rel="gallery-9603" title="money"><img class="alignleft size-medium wp-image-9620" title="money" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/money.jpg" alt="" width="192" height="144" /></a>In 1982, the same year John McCain entered the Senate, a bill was put forward that would substantially deregulate the Savings and Loan industry. The Garn-St. Germain Depository Institutions Act was an initiative of the Reagan administration, and was largely authored by lobbyists for the S&amp;L industry &#8212; including John McCain&#8217;s warm-up speaker at the convention, Fred Thompson. The official description of the bill was &#8220;An act to revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home mortgage loans.&#8221; Considering where things stand in 2008, that may sound dubious. It should.<span id="more-9603"></span></p>
<p>Seven years later, the S&amp;L industry was collapsing. What was the cause? Garn-St. Germain handed the S&amp;Ls a greatly expanded range of capabilities, allowing them to go head to head with full service banks, but it didn&#8217;t give them the bank&#8217;s regulations. Left to operate in an anarchistic gray area, S&amp;Ls chased profits, indulged in amazing extravagances, and cranked out enough cheap mortgages to fuel a real estate boom. They also experimented with lots of complex, creative &#8212; and risky &#8212; investments, even though they didn&#8217;t have the economic models to really determine the worth of the things they were buying. The result was a mountain of bad debts and worthless &#8220;assets.&#8221;  Does any of that sound eerily (or nauseatingly) familiar?</p>
<p>It wasn&#8217;t a foregone conclusion. In 1985, three years after the deregulation of the S&amp;Ls, the chairman of the Federal Home Loan Bank Board saw that the situation was already looking shaky, with the potential to become much worse. He instituted a rule to limit the amounts and types of investments S&amp;Ls could carry on their books in an effort to head off disaster. However, many savings and loans &#8212; among them Lincoln Savings &amp; Loan Association of Irvine, CA, which was headed by a fellow named Charles Keating &#8212; promptly ignored these rules.</p>
<div id="attachment_9607" class="wp-caption alignleft" style="width: 151px"><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/greenspan.jpg"   class="thickbox no_icon" rel="gallery-9603" title="greenspan"><img class="size-medium wp-image-9607" title="greenspan" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/greenspan.jpg" alt="" width="141" height="161" /></a><p class="wp-caption-text">Alan Greenspan</p></div>
<p>Now enters a familiar cast of characters. First to pop up was the universally beloved Fed-chief-to-be, Alan Greenspan. Greenspan argued against the loan board&#8217;s new rules, and persuaded Reagan to appoint one of Keating&#8217;s pals to the board to blunt the requirements. A quintet of senators, among them John McCain, began having meetings with both the management at Lincoln and the regulators at the loan board.  Alan Greenspan also helped out with a letter to the regulators, asking that Lincoln be exempt from the new rules. With their help of Greenspan and their pet senators, Lincoln was able to stay in business an additional two years, at the end of which they failed &#8212; taking the life savings of 21,000, mostly elderly, investors with them.</p>
<p>How involved was John McCain? McCain and Keating had known each other since 1981 and had become fast friends. Of all the &#8220;Keating Five,&#8221; it was McCain who moved into the life of the Lincoln S&amp;L chief. The two men vacationed together multiple times, with the whole McCain clan (babysitter included) heading out for Keating&#8217;s private Caribbean property on Keating&#8217;s private jet. McCain didn&#8217;t think to actually report these trips, or pay for them, until the investigators were breathing down his neck. And McCain took his payment in the form of more than just vacations. Keating and other members of Lincoln&#8217;s parent company padded McCain&#8217;s pockets with $112,000 in campaign contributions.</p>
<p>In John McCain&#8217;s biography, he called his meetings with Keating and regulators &#8220;the worst mistake of my life,&#8221; though from the text you&#8217;d think this was a spur of the moment decision, not something that McCain did repeatedly over a space of years. Still, you might think that a &#8220;worst mistake&#8221; would stay fresh in his memory.</p>
<p>It certainly didn&#8217;t fade quickly for the country. Following the S&amp;L crisis, the Resolution Trust Company was formed to swallow up the debt of Lincoln and 746 other S&amp;Ls gone wild, and taxpayers were left with the $125 billion bill. The resulting budget deficit forced cutbacks in other programs. The artificial real estate boom collapsed and housing starts fell to their lowest levels in decades. Finally, the whole nation settled in for a period nasty enough that three years later someone could still campaign around the idea &#8220;It&#8217;s the economy, stupid.&#8221;</p>
<div id="attachment_9610" class="wp-caption alignright" style="width: 290px"><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/mccain-gramm.jpg"   class="thickbox no_icon" rel="gallery-9603" title="mccain-gramm"><img class="size-medium wp-image-9610" title="mccain-gramm" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/mccain-gramm.jpg" alt="" width="280" height="210" /></a><p class="wp-caption-text">Phil Granmm, John McCain</p></div>
<p>Even so, by 1999 Phil Gramm &#8212; who had entered the Senate two years after McCain and quickly become the economic guru of the Keating Five maverick &#8212; put forward the Gramm-Leach-Bliley Act. This Act passed out of the Senate on a party line vote with 100% Republican support, including that of John McCain. (To be fair, the bill eventually passed again with a wide margin following revisions in the House.)</p>
<p>This act repealed part of the Glass-Steagall Act. This may sound like a bunch of Congressperson soup, but the gist of it is that Glass-Steagall was put in place in 1933 to control the rampant speculation that had helped cause the collapse of banking at the outset of the depression, and to prevent such consolidation of the banks that the nation had all its eggs in one fiscal basket.</p>
<p>Gramm-Leach-Bliley reversed those rules, allowing not only more bank mergers, but for banks to become directly involved in the stock market, bonds, and insurance. Remember the bit about how S&amp;Ls failed because they didn&#8217;t have the regulations that protected banks? After Gramm-Leach-Bliley, banks didn&#8217;t have that protection either.</p>
<p>Gramm wasn&#8217;t done. The next year he was back with the Commodity Futures Modernization Act, which was slipped into a &#8220;must pass&#8221; spending bill on the last day of the 106th Congress. This Act greatly expanded the scope of futures trading, created new vehicles for speculation, and sheltered several investments from regulation.</p>
<p>As with both Gramm-Leach-Bliley and Garn-St. Germain, large parts of this bill were written by industry lobbyists. This famously included the &#8220;Enron Loophole&#8221; that exempted energy trading from regulation and was written by (big suprise) Enron Lobbyists working with Gramm. Not coincidentally, Senator Gramm, the second largest recipient of campaign contributions from Enron, was also key to legislating the deregulation of California&#8217;s energy commodity trading.</p>
<p>Thanks to this fortunate trifecta of Gramm-crafted legislation, Enron was able to create &#8220;EnronOnline&#8221; and trade electricity in California with absolutely no oversight or transparency. They quickly worked out how to game the system. Previously, there had been only one Stage 3 rolling blackout in the history of California. Within months, the system had been manipulated by traders to generate 38 such blackouts and wholesale electrical prices had gone up more than 3000%. Despite production capacity equal to four times the demand during winter, energy traders even engineered a blackout in mid-January.</p>
<p>During the confusion of these deliberate &#8220;shortages&#8221; and &#8220;price spikes,&#8221; the California administration of Gray Davis &#8212; blind to speculator manipulations because of the walls erected by Gramm&#8217;s legislation &#8212; was forced to sign energy contracts at enormous rates. There was little choice, because most of California&#8217;s public utilities were on the brink of bankruptcy from the rising wholesale prices.</p>
<p><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/enron.jpg"   class="thickbox no_icon" rel="gallery-9603" title="enron"><img class="alignleft size-medium wp-image-9612" title="enron" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/enron-450x437.jpg" alt="" width="151" height="146" /></a>In a single year, Gramm&#8217;s legislation allowed speculators to bring the state to its knees. Enron alone looted California of $11 billion. The manipulations of the energy market were also a major factor in Davis getting the hook, helped usher the governator into power, and they still have repercussions in California&#8217;s budget battles today. By the end of that year, the depth of Enron&#8217;s deception could no longer be hidden, and the whole company came crashing down in the largest bankruptcy in history &#8212; at the time. This brought more billions lost in mutual funds and pension funds across the country, and played a major role in the economic downturn of 2001.</p>
<p>But that was only the second act. The combination of Gramm-Leach-Bliley and the Commodity Futures Modernization Act was a toxic cocktail whose total damage was greater than the sum of its parts.</p>
<p>The first Act promoted bank buyouts and mergers that reached such an insane pitch that the average consumer could only keep up by tracking the changing names on their checks and credit cards. Mercantile buys Ameribanc and Mark Twain. Firstar buys Federated and First Colonial. US Bancorp buys Mercantile and Firstar. And, because it allowed brokerages and insurance companies to mingle with banks, the Act cemented a trend that was already (and illegally) underway in which all those terms had become rather quaint. Is Wachovia a savings bank, an investment bank, a brokerage, or an insurance provider? The answer is &#8220;yes.&#8221;</p>
<p>In allowing financial institutions to grow to Godzilla-sized proportions, Gramm-Leach-Bliley helped ensure that we would have financial entities that were &#8220;too big to fail.&#8221; Rather than choosing to enforce rules that kept these institutions apart, the deregulators chose to create monster bankeragasurances whose downfall (and existence) was enough to threaten the whole system.</p>
<p>But if Gramm-Leach-Bliley removed the limits on size and scope, these new institutions still needed fuel. With many financial transactions operating on razor thin margins, and increasing automation sapping the profits from trading of all sorts, they needed a new way to generate the funds required to swallow their brethren in the merged fiscal corporation pond.  For that, the Commodity Futures Modernization Act was a godsend.</p>
<p>Among those instruments which the CFMA sheltered from regulatory scrutiny was something called the &#8220;credit default swap.&#8221; A kind of insurance one bank could exchange with another, credit default swaps supposedly made it safe for banks to take on ever riskier forms of debt. The Act didn&#8217;t invent these swaps, though they were relatively new. Instead, by placing them in a state where they were not only unregulated but almost perfectly opaque, credit default swaps were turned into the perfect vehicle to fuel a Wall Street revolution. No one had any idea what these things were actually worth, they were traded &#8220;over the counter&#8221; without being administered by any exchange, and even the SEC could monitor their existence only indirectly.</p>
<p><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/wall-street.jpg"   class="thickbox no_icon" rel="gallery-9603" title="wall-street"><img class="alignright size-medium wp-image-9614" title="wall-street" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/wall-street-450x337.jpg" alt="" width="189" height="141" /></a>Who would cheer for a new kind of financial instrument that was difficult to understand, invisible to regulators, and impossible for even the whizziest of Wall Street whiz kids to value? Guess.</p>
<blockquote><p><em>More recently, instruments that are more complex and less transparent&#8211;such as credit default swaps, collateralized debt obligations, and credit-linked notes&#8211;have been developed and their use has grown very rapidly in recent years. The result? Improved credit-risk management together with more and better risk-management tools appear to have significantly reduced loan concentrations in telecommunications and, indeed, other areas and the associated stress on banks and other financial institutions. &#8212; Alan Greenspan, 2002</em></p></blockquote>
<p>Get that? Greenspan loved credit default swaps. He opined again and again that such instruments would be the salvation of the industry by spreading around risks. To the mighty Greenspan, both their complexity and their lack of transparency were good things, since swaps would only be handled by the big boys who knew how to play with fire.</p>
<p>When questioned about his support of Gramm&#8217;s legislation, John McCain called his friend (and by then, campaign co-chair) Gramm &#8220;one of the smartest people in the world on the economy&#8221; and pointed out that Greenspan also favored the acts Gramm and his coalition of lobbyists had authored. If both Gramm and Greenspan were on his side, McCain couldn&#8217;t possibly be in the wrong.</p>
<p>Except, of course, that he could.</p>
<p>From the beginning, there were plenty of people in the financial community whose opinion of these unregulated credit swaps was not as rosy as that of Gramm, Greenspan, and McCain. Chief among those speaking in opposition was SEC Chairman, Arthur Levitt. Levitt argued that what the industry needed was more transparency, especially when it came to complex instruments like default swaps, and he testified to this before Gramm&#8217;s Senate Banking Committee.</p>
<blockquote><p><em>&#8220;In my judgment, the risk of this regulatory approach is simply unacceptable for America&#8217;s investors.&#8221; &#8211;Arthur Levitt, 1999</em></p></blockquote>
<p>Gramm paid no attention.</p>
<p>Credit default swaps did allow the banks to share risks. So much so, that banks raced each other in an effort to find more risks. They made it possible for the down payment on homes to become 3%, 1%, 0%. Skip the credit check, avoid the employment requirements, damn the torpedoes, full speed ahead! We&#8217;ve got a credit default swap, we can do anything!</p>
<p>The encouragement and &#8220;safety&#8221; that credit default swaps provided made the sub-prime mortgage market possible. Just as with the deregulation of S&amp;Ls in the 1980s, the market was suddenly flooded with easy credit. The result was a real estate boom, soaring home prices, and a plague of &#8220;Flip that House!&#8221; shows on cable.</p>
<p>As the banks piled up crappy mortgages, they heaped on ever more of the credit default swaps &#8212; and they still had no idea how to value the things. Worse, they began to trade the swaps themselves as if they were an investment, treating them like something worth holding instead of a big bundle of cartoon bombs whose fuses were already lit. Since very few loans were falling into default at the time, owning a default swap seemed like a way to collect fees without ever paying out. Banks wanted more, and more, and more.</p>
<p>A secondary market for trading swaps exploded into existence, and swaps were traded with absolutely no consideration for the nature or quality of the underlying investment. Swaps changed hands a dozen or more times, growing in &#8220;value&#8221; as they went. Worse still, no one regulated who could buy a swap, so it was (and is) perfectly possible for a company to acquire swaps that theoretically cover billions of dollars in loans, even if that company doesn&#8217;t have a red cent on hand to cover those swaps should the loans default.</p>
<p>How big did this market become? Here&#8217;s business correspondent Bob Moon and host Kai Ryssdal on American Public Media&#8217;s Marketplace from back in the spring.</p>
<blockquote><p><em>BOB MOON: OK, I&#8217;m about to unload some numbers on you here, so I&#8217;ll speak slowly so you can follow this.</em></p>
<p><em>The value of the entire U.S. Treasuries market: $4.5 trillion.</em></p>
<p><em>The value of the entire mortgage market: $7 trillion.</em></p>
<p><em>The size of the U.S. stock market: $22 trillion.</em></p>
<p><em>OK, you ready?</em></p>
<p><em>The size of the credit default swap market last year: $45 trillion.</em></p>
<p><em>KAI RYSSDAL: That&#8217;s a lot of money, Bob.</em></p></blockquote>
<p><em>As in three times the whole US gross domestic product</em>, Bob. And the truth is that Moon probably underestimated. The unregulated and poorly reported credit default swaps may have actually passed $70 trillion last year, or about $5 trillion more than the GDP of the entire world.</p>
<p>So, are you starting to get an idea of just how big a genie Phil Gramm and his pals unleashed?</p>
<p>With some regularity over the last eight years, fiscal whistle blowers have tried to raise their hands and register a protest. Um, sirs? Is it altogether a good idea to run up debts exceeding all the assets it&#8217;s even possible to hold? But so long as no one actually had to pay off on the swaps, the party went on.  Even usually conservative (in the fiscal sense) companies like AIG started to worry that they were being left behind and leapt headlong into the swap pool.</p>
<div id="attachment_9615" class="wp-caption alignleft" style="width: 208px"><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/federal-reserve.jpg"   class="thickbox no_icon" rel="gallery-9603" title="federal-reserve"><img class="size-medium wp-image-9615" title="federal-reserve" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/federal-reserve.jpg" alt="" width="198" height="149" /></a><p class="wp-caption-text">Federal Reserve</p></div>
<p>Shortly after Greenspan&#8217;s departure in 2006, the Federal Reserve took the unusual step of issued a joint statement along with the SEC to warn about the risks associated with credit default swaps. But by that point, the damage was already severe. If swaps lost their value, most of those who had played the game would find their giant firms abruptly valued in pocket change. The only solution was to cover the problem with still more swaps and keep moving.</p>
<p>Then a funny thing happened. After years in which banks had handed out loans willy-nilly, guarded by the indestructible swap, people and companies started to really default on those loans. Credit slowed, home prices fell, and the whole snake started to eat itself tail first. Suddenly, credit default swaps were not sources of limitless cash. It turns out that an insurance policy &#8212; even a secret, unregulated policy &#8212; is occasionally expected to pay. Speculators started to look at the paper they were holding and for the first time realized it could all be worthless. Worse, it could (and did) represent a massive debt; one that no one had the funds to cover.</p>
<p><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/bear-stearns.jpg"   class="thickbox no_icon" rel="gallery-9603" title="bear-stearns"><img class="alignright size-medium wp-image-9617" title="bear-stearns" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/bear-stearns.jpg" alt="" width="189" height="130" /></a>When Bear Stearns fell apart last March, it was only suspected that a big part of the effort in saving the giant investment bank was keeping their holdings in credit default swaps from unraveling and spreading to other institutions. Naturally, part of solving this problem involved creating a new credit default swap to cover Bear Stearn&#8217;s potential debt. But the all-purpose swap was starting to lose its power. Shortly after Bear Stearns went belly up, AIG reported the largest quarterly loss in the company&#8217;s history, taking a $11 billion hit on revaluing its holdings of swaps. The party was definitely coming to a close.</p>
<p>When AIG finally collapsed this week, there was no doubt about the primary cause of its failure. The previously well grounded company had &#8220;gotten itself involved with something called credit default swaps.&#8221; Point of irony alert: Arthur Levitt now serves on the AIG board&#8230; or at least he did until the government had to take over most of AIG to salvage the company from the very idiocy Levitt had warned of in 1999.</p>
<p>This week, the Bush administration announced the beginnings of a plan to salvage what remains of the financial markets. At first glance, it appears that the plan will consist mainly of creating a kind of &#8220;garbage pit,&#8221; a fund or group of funds &#8212; cousins of the Resolution Trust that was created during the S&amp;L crisis &#8212; into which those people who have dabbled in bad debts can toss their problems. Only this time the cost to the taxpayers is at least $700 billion&#8230; and a big bite out of representative democracy.</p>
<p>The expansion of unregulated Savings and Loans in the 1980s brought on the collapse of that industry, a crippling of the economy, and left taxpayers holding the bag. Maybe that was only happenstance. Those pushing for the Garn-St. Germain Depository Institutions Act may not have known what they were doing.</p>
<p><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/foreclosure.jpg"   class="thickbox no_icon" rel="gallery-9603" title="foreclosure"><img class="alignleft size-medium wp-image-9619" title="foreclosure" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/09/foreclosure-308x450.jpg" alt="" width="185" height="270" /></a>The deregulation of the California electricity market, along with the protections provided to Enron through Phil Gramm&#8217;s lobbyist-written legislation brought blackouts, fiscal and political chaos, and left taxpayers holding the bag. But the people who engineered that event &#8212; people like Gramm and Greenspan &#8212; had already seen what happened with the S&amp;Ls. They should have known better. Still, perhaps that was only coincidence.</p>
<p>The sub-prime mortgage crisis that has not only come so close to utterly destroying the markets, but has ruined the value of many people&#8217;s homes and left millions with mortgages they can&#8217;t pay, was also the outcome of the deregulation created by these men. The very predictable outcome.  When taxpayers are left holding the bag for $1 trillion this time around, it&#8217;s hard to believe it&#8217;s any sort of accident.</p>
<p>This is enemy action. This is a bullet deliberately fired into the economy by men willing to exercise their ideology regardless of the cost to taxpayers. Men who have every expectation that they can plunder the system again and again, while the public picks up the tab. John McCain may not have had his finger directly on the trigger, but he was there. He assisted. These were his personal friends and philosophical comrades. He may not be the high priest, but he has been a loyal acolyte in the cult of deregulation.</p>
<p>It may come as a surprise to the champions of deregulation, but nobody likes regulation. The restrictions that were placed on banks, S&amp;Ls, and other institutions in the 1930s weren&#8217;t put there because someone thought it would be fun. They were put in place because they addressed problems that had just been clearly and painfully revealed. They were put in place because they were necessary.</p>
<p>It&#8217;s bad enough if John McCain didn&#8217;t know that. It&#8217;s far worse if he did.</p>
<h3>About Mark Summer</h3>
<p><em>Mark Summer is a Contributing Editor on the</em> <a href="http://www.dailykos.com/"  title="Daily Kos"  target="_blank">Daily Kos</a> <em>website, and one of the founders of the</em> <a target="_blank" href="http://www.politicalcortex.com"  title="Political Cortex"  target="_self">Political Cortex</a>.  <em>He is also commonly known as </em><a href="http://devilstower.dailykos.com/"  title="Devilstower diaries on Daily Kos"  target="_blank">Devilstower</a>.<em> You can email him directly at</em> <a href="<script>MailGuard('devilstower','gmail.com')</script>"><script>MailGuard('devilstower','gmail.com')</script></a>.</p>
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		<title>Chris Lugo presents &#8220;a case for impeachment&#8221;</title>
		<link>http://www.clarksvilleonline.com/2008/07/04/chris-lugo-presents-a-case-for-impeachment/</link>
		<comments>http://www.clarksvilleonline.com/2008/07/04/chris-lugo-presents-a-case-for-impeachment/#comments</comments>
		<pubDate>Fri, 04 Jul 2008 17:00:06 +0000</pubDate>
		<dc:creator>Christine Anne Piesyk</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Chris Lugo]]></category>
		<category><![CDATA[Democratic Party]]></category>
		<category><![CDATA[Election 2008]]></category>
		<category><![CDATA[goverment]]></category>
		<category><![CDATA[Impeachment]]></category>
		<category><![CDATA[Iraq War]]></category>
		<category><![CDATA[Issues]]></category>
		<category><![CDATA[Nacy Pelosi]]></category>
		<category><![CDATA[President George W. Bush]]></category>
		<category><![CDATA[Rep. Dennis Kucinich]]></category>
		<category><![CDATA[U.S. Congress]]></category>
		<category><![CDATA[U.S. House of Representatives]]></category>

		<guid isPermaLink="false">http://www.clarksvilleonline.com/?p=5832</guid>
		<description><![CDATA[Chris Lugo, candidate for the Tennessee Senate, issued the following position statement:
George W. Bush is perhaps the worst American president who has ever served.  To this day it is a mystery to me how the man was able to gain the Republican nomination, steal the election, start two wars, get re-elected and then drag on [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.clarksvilleonline.com/wp-content/uploads/2008/02/chrislugo.jpg"   class="thickbox no_icon" rel="gallery-5832" title="Chris Lugo"><img class="alignleft alignnone size-medium wp-image-3869" style="float: left;" title="Chris Lugo" src="http://www.clarksvilleonline.com/wp-content/uploads/2008/02/chrislugo.jpg" alt="" width="150" /></a><strong><em>Chris Lugo, candidate for the Tennessee Senate, issued the following position statement:</em></strong></p>
<p>George W. Bush is perhaps the worst American president who has ever served.  To this day it is a mystery to me how the man was able to gain the Republican nomination, steal the election, start two wars, get re-elected and then drag on a failed war for five years and drive the economy into the ground without getting impeached. </p>
<p>Although the light is fading on the Presidency of Bush, it is not too late to impeach the man who lied to us about weapons of mass destruction.  As of result of the President&#8217;s deception, over four thousand American soldiers have died in Iraq and tens of thousands have been wounded, not to mention the one million or so Iraqis who have died directly or indirectly due to Bush&#8217;s interference in their country. <span id="more-5832"></span></p>
<p><a href="http://www.clarksvilleonline.com/2008/07/04/chris-lugo-presents-a-case-for-impeachment/"  ><em>Click here to view the embedded video.</em></a></p>
<p>The case for impeachment is strong, so strong that it has been supported by numerous Congressional representatives, most notably by Representative Dennis Kucinich of Ohio, who introduced articles of impeachment in early June.  Kucinich had the courage and the tenacity to say what needs to be said and to do what needs to be done.  President Bush has violated the will of the people, but more importantly, he has violated the Constitution of the United States of America, a document that he was sworn to uphold and defend, and for this indiscretion President Bush deserves to be impeached.</p>
<p>House Speaker Nancy Pelosi made it clear when she was elected Speaker of the House that impeachment was not on the table, and she has been true to her word since that date, betraying the trust of the American people and showing her true colors as well as those of the Democratic party generally, except for a few brave individuals such as Kucinich.  The irony is that the Democratic Party and the left would be stronger if they called the President to account for his actions.  In any event, there are numerous candidates outside of the two party duopoly who support impeachment because we believe this should be a campaign issue.  We feel strongly about our rights as Americans and do not believe that a corrupt administration can compromise those rights.  When they try, we believe that it is time to call them to account.</p>
<p>Bush must be called to account for the lies he has made in order to manipulate the general public.  Bush claimed that Saddam Hussein was an immediate threat to America but the truth is that we were a real threat to Iraq.  His administration lied about the issue of significant quantities of uranium being brought into Iraq from Africa.  He lied about the connections between 9/11 and Iraq, continuously misleading the American people into believing there was a relationship.  Bush lied about Iraq and Al Qaeda, misleading the American people into believing there was a collaborative relationship between the two.  The President lied about weapons of mass destruction, insisting that there was evidence which consisted mostly of forged documents.  The United Nations found no evidence of weapons of mass destruction and intelligence services produced no credible information to support Bush&#8217;s claim.  As a result of these lies and misleading statements the United States was led into a war it could not win, spending hundreds of billions of dollars and causing the deaths of hundreds of thousands of people.</p>
<p>By supporting impeachment Kucinich has set in motion a process which calls to public light the terrible misdeeds of this administration.  The tide of public opinion has turned against Bush and across the nation people are calling for impeachment.  President Bush has condoned the use of torture on men, women and even boys in Iraq and at secret prisons around the world in the name of national security.  He violated the constitution by denying habeas corpus and has called for domestic spying on Americans. </p>
<p>We can wait for the elections to remove Bush from office, but why wait until November? Indeed, although it is not a crime to be the worst President in the history of the United States, it is a crime to lie, mislead, deny constitutional rights, torture, spy and violate international law.  There has never been a better case to impeach a sitting President than now.  The people of Iraq, our soldiers abroad and ordinary Americans everywhere will all be better off once this criminal has been removed from office, and I say the sooner the better.</p>
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