http://money.cnn.com/…

The Federal Reserve, working in coordination with other central banks worldwide, enacted an emergency interest rate cut on Wednesday.

The Fed lowered its fed funds rate by half of a percentage point to 1.5%. This rate is the central bank’s key tool to affect the economy. Lowering the rate pumps money into the economy by reducing the borrowing cost on a broad range of loans, including credit cards, home equity lines and many business loans.

The moves were made in coordination with other central banks around the world including the European Central Bank and Bank of England.

The Bank of Canada, the Bank of England, the European Central Bank, Sveriges Riksbank, the Swiss National Bank, and the Bank of China all all in this too with the Bank of Japan providing moral support. CNN happened to be interview the president of the Council on Foreign Relations, a globalist / neo-merchantilist organization sponsored by Wall Street, when the story broke. He was saying how great it was that all the banks worked together to lower rates. When the topic turned to the presidential debate from last night and Barack Obama’s outright claim of unilateral attack in Pakistan to get Osama bin Laden he was again singing praise.

The Fed keeps pushing and pushing. This inflation is going to catch up with us sooner or later and we will be in a world of hurt.

Here is the statement by the Federal Reserve regarding the cut.

The discount rate was dropped to 1.75%

The Wanna-Be Vice Dictators
Posted by Anthony Gregory at 08:12 PM

They both want more regulation, more totalitarian “oversight,” more national socialism. So far, the only debate is centered around a lie perpetuated by both sides: That the Republicans are for smaller government.

McCain Is a Socialist, Too!
Posted by Anthony Gregory at 08:15 PM

Palin argues that McCain is anything but laissez-faire. After all, he’s for campaign finance censorship and tobacco nanny statism.

She’s Getting Away With It
Posted by Anthony Gregory at 08:19 PM

The key for McCain is to somehow run against the status quo, to run against his own party’s recent legacy. Palin says that we shouldn’t trust national health care, unless we have been happy with the way the feds have been handling things lately. Of course, she is right. Those who hate the Bush legacy — meaning, total statism — should logically oppose socialism too. But the McCain/Palin administration would be more of the same, more Bushism, more socialism. This severe ideological confusion helps both parties, and creates the illusion that there is a difference between the two.

Biden is getting away with it too, blaming the Republicans for shrinking the state. I can’t stand either one.

The Elephant in the Room
Posted by Anthony Gregory at 08:23 PM

They both support the fascist bailout. They both support a trillion-dollar foreign policy and a multi-trillion dollar corporate/entitlement state. They are debating over millions when the state they wish to run spends trillions. Even assuming the greatness of mass democracy, this is a grave injustice. They should be debating big, real issues. Not this trivia.

Meanwhile, the McCain campaign continues to campaign on the fact that for a few days they nominally stopped campaiging.

The GOP’s Embrace of Autarky
Posted by Anthony Gregory at 08:30 PM

When, by the way, did the Republicans and almost all conservatives come to champion the frightening and economically ludicrous concept of “energy independence”? What they mean, of course, is autarky and socialism: All energy produced within America, and every single form of energy — solar, coal, oil, nuclear, wind, etc. — subsidized massively by the federal government. Even the Alaska drilling issue isn’t conceived of with anything approaching market reasoning. “We,” as in the federal government, should drill.

(Although the Republicans are more skeptical of the global warming zeitgist, they seem willing to champion big government programs such as carbon emissions limits to address climate change. Hey, environmentalists, with all the Republican leaders and corporate state adopting this line, you know it’s wrong.)

Biden Just Admitted It
Posted by Anthony Gregory at 08:39 PM

Obama’s Iraq withdrawal plan is the same as Bush’s. Biden does say, however, that the Dems will end the war, eventually. Palin doesn’t even make this much of a promise. On foreign policy, the Dems still seem slightly better than the Repubs.

On the other hand, “Pakistan already has nuclear weapons,” Biden points out, and so, I guess, we should be at war with them.

A Relief
Posted by Anthony Gregory at 08:54 PM

Well, at least both say Israel must be protected at all costs, that nothing is more important, and that Iran is the greatest threat ever. Indeed, they both accuse the other of being insufficiently determined to keep the Persians in line.

They also agreed on gay marriage, just as Bush and Kerry did: More equality under the law but no marriage for homosexuals. Same exact position. Different emphasis.

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For beetlbumjl: “Why don’t we just go home? What is our purpose here?” -Ron Paul, speaking about how the Fed has completely bypassed Congress.

Opening:

• Was just visited by Henri Makembe. Told me they would be providing for interview with people but I’d have to keep it friendly. “If we make them mad then they won’t want to give any of the other bloggers time.” So… they don’t want me to ask serious questions. What a surprise.
• Have quoted Winston Churchill, Mother Teressa, Mahatma Gandhi.
• They show all these examples of service yet they all appear to be real voluntarism, ie no government involvement.
• “We are not here as Republicans, Democrats, libertarians, socialists or Green party members. We are here as Americans.” I appreciate the shout out but I’m here as a libertarian.
• “We are here today because of Declaration of Independence and the Constitution.” Too bad they don’t wish to abide by the ideas contained in those documents.
• “Politicians get a bad wrap. Some deservingly. But there are all kinds of politicians who help America.”
• Being a citizen of the United States is the highest reward.
• If you googled “giving back” you’d likely find “Mike Bloomberg.”
• Bloomberg: New York City’s government school system improvement is an example for the rest of the nation.
• New York City is the city of service because William James who wrote The Moral Equivalent of War (intro by Jon Roland) advocating national service was born here.
• “We are the beneficiaries of those who give their lives to defend us.” Defending from the Koreans? The Vietnamese? The Iraqis? The Pakistanis? The Iranians?
• Bloomberg babbles on about global warming, “We are polluting the air we breath.” Yes… by breathing.
• “Service should be asked of everyone and should be open to everyone. So we are creating new programs.”
• “Democracy and capitalism hasn’t helped everyone…”
• George Bush: Asks everyone to spend two years or 4k hours helping out in a lifetime.
• Laura Bush: “People have more opportunities to volunteer through government programs.” Being incentivized by tax payers money is not voluntarism.
• Rolling Ridge elementary school gives it’s kids service journals and have made ’service’ party of the curriculum.
• “Children who learn the importance of service early are more likely to volunteer later in life.” Gotta indoctrinate them young.
• The program has moved on to personal stories from ‘volunteers.’ One from City Year, Civilian Conservation Corp, AmeriCorps.
• Admiral Michael Mullen: “the soldiers in Iraq are protecting our democracy at home. They are there because of what happened on 9/11.” I thought Iraq had nothing to do with 9/11. How is it that our invasion of Iraq is protecting us?
• “There is no greater reward than working for something greater than yourself.”
• “Keep singing (God Bless America), keep waving (flags), and keep serving!” Yay nationalism/fascism!
• Obama, McCain, Dodd, Clinton have said they will cosponsor the Serve America Act from Kennedy and Hatch.
• The language used always refers to “the two candidates for the oval office.”
• Senator Hatch: “We want to help children who want to serve.”
• “Our efforts will start early in our classrooms.”
• “Service learning has shown to keep kids interested in school. So we are going to offer more incentives.”
• 61 million Americans volunteer without government incentives.
• “We will invest into a volunteer fund matched dollar for dollar from the private sector.”
• Want to create funds to help non-profit entrepreneurs.
• Offer older people “education rewards” to give to their children and grandchildren to pay for school.

Read More…

http://www.rockymountainnews.com/…

With America fighting two wars, the 9/11 terrorists still at large, Iran pursuing nuclear weapons

and Russia in Georgia, America needs a president who gets it right the first time. That president will be Barack Obama. With a vision of foreign policy that has ranged far beyond Iraq, Barack Obama has found a kindred spirit in another leader of great strength and wisdom Joe Biden.

Barack Obama and Joe Biden believe we must fight the terrorists not where we imagine them to be, but where we know them to belike Afghanistan and Pakistan. We must lead a global effort to secure loose nuclear materials, not where we imagine them to be, but where we know them to be, in Russia, and the countries of the former Soviet Union.

It’s time we had a president committed to fighting poverty in the Third World and ending the genocide in Darfur; who leads international efforts to stop global warming, strengthens our friendship with Mexico and Latin America, and stands behind Israel with full-time diplomacy to achieve peace in the Middle East; a president who ends the global scourge of AIDS in our time and sets an example of moral leadership by following our constitution, shutting down Guantanamo, and ending torture.

They don’t care that we are trampling around the global like a kid hyped up on sugar and a baseball bat. They just want to make sure we do it in a softer manner. They want to make sure the public doesn’t see it so obviously. They are all on the same team though. They all pepetrate the lie about Russia, Georgia and South Ossetia. They all wish to make enemies of people who pose no harm to us and in cases where they may its deserved in that they have been threating them. They all want larger government both domestically and internationally. When the USA sumbles as a result of it’s global adventures and money minipulation don’t be supprised when the rest of the world gangs up on us and gives us (unfortunately they won’t differenciate between the public and the government, just as our government doesn’t) some of our own medicine.

http://www.cnn.com/…

Amir Khan says he becomes frustrated and humiliated every time he enters the United States and federal agents search his computers. Khan, a Pakistani-born U.S. citizen, says it has happened five times since 2003.

He says agents with U.S. Customs and Border Protection have even forced him to give them access to password-protected, confidential information from his company and his banking records.

An IT consultant who travels to Europe, Turkey and Pakistan, Khan says he has cooperated with the questions and searches but feels by now border agents should know he doesn’t pose a threat.

Situations for travelers such as Khan are at issue in a lawsuit filed last week by the Electronic Frontier Foundation and Asian Law Caucus in U.S. District Court for the Northern District of California.

The suit accuses customs agents of “lengthy questioning and intrusive searches” and seeks clarification on the law that allows such searches.

I’d really like to know which law overrides the 4th Amendment. Oh wait… none of them. So which part of the Constitution overrides the 4th Amendment? They don’t have the authority to regulate immigration. That’s a state issue. We however have allowed the general government to take on that authority and in doing so the Supreme Court in 1977 in US v. Ramsey ruled that Customs may search people without probable cause. I find the dissenting view far more convincing.

In 1971 the Department of the Treasury and the Post Office Department first asserted that Congress had granted such authority in an awkwardly drafted statute enacted in 1866. [431 U.S. 606, 626] Under the earlier practice, which had been consistently followed for 105 years, customs officials were not allowed to open foreign mail except in the presence, and with the consent, of the addressees, 1 unless of course a warrant supported by probable cause had been first obtained. There are five reasons why I am convinced that Congress did not authorize the kind of secret searches of private mail that the Executive here conducted.First, throughout our history Congress has respected the individual’s interest in private communication. The notion that private letters could be opened and inspected without notice to the sender or the addressee is abhorrent to the tradition of privacy and freedom to communicate protected by the Bill of Rights. I cannot believe that any member of the Congress would grant such authority without considering its constitutional implications.

Second, the legislative history of the 1866 statute unambiguously discloses that this very concern was voiced during debate by Senator Howe, and that he was assured by the sponsor of the legislation that the bill would not authorize the examination of the United States mails. This colloquy is too plain to be misunderstood:

“Mr. HOWE. The second and third sections of this bill speak of the seizure, search, and examination of all trunks, packages, and envelopes. It seems to me that language is broad enough to cover the United States mails. I suppose it is not the purpose of the bill to authorize the examination of the United States mails.

“Mr. MORRILL [sponsor of the bill]. Of course not.

“Mr. HOWE. I propose to offer an amendment to prevent such a construction.

“Mr. EDMUNDS. There is no danger of such a construction being placed upon this language. It is the language usually employed in these bills.

“Mr. HOWE. If gentlemen are perfectly confident that it will bear no such construction, and will receive no such construction, I do not care to press it.

“The PRESIDING OFFICER. The Senator from Wisconsin withdraws his amendment.”