TV News LIES

According to the New York Times, 524,000 Americans lost their jobs in September and October. Unemployment spiked at 6.5 percent. Additionally, 28 million Americans subsist on food stamps. Millions maintain heat and lights with assistance from 'energy banks' subsidized by other Americans who still enjoy jobs.
 
"The economy is slipping deeper into a recessionary sinkhole that is getting broader," said Stuart G. Hoffman, chief economist at Financial Services Group in Pittsburgh. "The layoffs are getting larger, and coming faster. We're likely to see at least another six months of more job reports like this."
http://topics.nytimes.com/top/news/business/companies/pnc_financial_services_inc/index.html?inline=nyt-org

The Wall Street bailout looks a lot like Iraq — a "free-fraud zone" where private contractors cash in on the mess they helped create.

As soon as the bailout was announced, it became clear that Treasury officials would hire outsiders to perform their jobs for them — at a profit. Private companies wanting to help manage the bailout were given just two days to apply for massive, multiyear contracts. Since it was such a mad rush — after all, the entire economy was about to implode — there was no time for an open bidding process. Nor was there time to draft rigorous rules to make sure that those applying don't have serious conflicts of interest. Instead, applicants were asked to disclose their conflicts and to explain — and this is not a joke — their "philosophy in fulfilling your duty to the Treasury and the U.S. taxpayer in light of your proprietary interests and those of other clients." In other words, an open invitation to bullshit about how much they love their country and how they can be trusted to regulate themselves.

More...

As president, Barack Obama will face the most daunting and complicated national security challenges in more than a generation — and he will inherit a military that is critically ill-equipped for the task.

Troops and equipment are so overtaxed by President Bush’s disastrous Iraq war that the Pentagon does not have enough of either for the fight in Afghanistan, the war on terror’s front line, let alone to confront the next threats.

More...

There are over 42 million American adults, 20 percent of whom hold high school diplomas, who cannot read, as well as the 50 million who read at a fourth- or fifth-grade level. Nearly a third of the nation’s population is illiterate or barely literate. And their numbers are growing by an estimated 2 million a year. But even those who are supposedly literate retreat in huge numbers into this image-based existence. A third of high school graduates, along with 42 percent of college graduates, never read a book after they finish school. Eighty percent of the families in the United States last year did not buy a book.

The illiterate rarely vote, and when they do vote they do so without the ability to make decisions based on textual information.

More...

He will have to get out of Iraq, and he will have to tell Israel a few home truths

American lawyers defending six Algerians before a habeas corpus hearing in Washington this week learned some very odd things about US intelligence after 9/11. From among the millions of "raw" reports from American spies and their "assets" around the world came a CIA Middle East warning about a possible kamikaze-style air attack on a US navy base at a south Pacific island location. The only problem was that no such navy base existed on the island and no US Seventh Fleet warship had ever been there. In all seriousness, a US military investigation earlier reported that Osama bin Laden had been spotted shopping at a post office on a US military base in east Asia.

Uri Avnery described Obama's appearance before AIPAC as one that "broke all records for obsequiousness and fawning"...adding that Obama "is prepared to sacrifice the most basic American interests (to Zionism)."

More...