statism watch

Reuters
November 11, 2008

Merrill Lynch Chief Executive John Thain said the global economy is in a deep slowdown and will not recover quickly, and the environment recalls 1929, the advent of the Great Depression.

Speaking Tuesday at his bank’s annual financial services conference, Thain said he was “cautiously optimistic” about the outlook for the industry. But he said credit remains constricted and asset prices generally are still falling.

“The U.S. economy is contracting very rapidly,” creating uncertainty “at least over the next few quarters,” Thain said. “We are going to be in a very difficult economic environment for a significant period of time.”

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Paul Joseph Watson, Prisonplanet.com
November 11, 2008

Fails to comply with congressional demands for transparency, underscoring age-old problem of top down socialism and letting the fox guard the henhouse

The Federal Reserve is facing a lawsuit after it failed to comply with congressional demands for transparency and disclose the destination of at least $2 trillion dollars in bailout funds, underscoring once again the failure of top down socialism and the folly of trusting the foxes to guard the henhouse.

“The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral,” reports Bloomberg.

“Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn’t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.”

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Ezra Levant, The National Post
November 11, 2008

Who is Canada’s largest “hate group”, as measured by the number of anti-Semitic, anti-gay, anti-black and pro-Nazi comments published on the Internet?

As I’ve pointed out before, it’s none other than the taxpayers’ own Canadian Human Rights Commission.

It is official CHRC policy for their employees to join neo-Nazi groups, and go online spewing filthy venom that would make Joseph Goebbels proud. You can see a few examples here.

This, of course, is being done in the name of human rights.

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