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Naomi Klein: Bush Sees Crises in Fuel, Food, Housing and Banking as Chance to Exploit Us More

By Amy Goodman, Democracy Now!. Posted July 16, 2008.


People are desperate for solutions but instead they're handed policies that don't solve the crises, and are highly profitable for corporations.
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As the country and the world reel from crises ranging from skyrocketing oil prices and global food shortages to housing and climate change, how best to understand the government policies being pushed through? Democracy Now! host Amy Goodman interviewed Naomi Klein, author of 'The Shock Doctrine: The Rise of Disaster Capitalism'.


Amy Goodman: President Bush has lifted an almost two-decade-old executive order banning offshore and natural gas drilling. With prices at the pump over $4 a gallon, Bush has been pushing to allow more drilling in the Outer Continental Shelf and the Arctic Wildlife National Refuge, amidst strong opposition from environmentalists.



The executive drilling ban was issued by President George H.W. Bush in 1990. His son's lifting of the ban yesterday is largely symbolic, because a separate congressional ban has prohibited offshore drilling since 1981. Speaking on the White House lawn Monday, the President urged lawmakers to lift the ban.



    President George Bush: The failure to act is unacceptable. It's unacceptable to me, and it's unacceptable to the American people. So today I've issued a memorandum to lift the executive prohibition on oil exploration in the OCS. With this action, the executive branch's restrictions on this exploration have been cleared away. This means that the only thing standing between the American people and these vast oil resources is action from the US Congress. Now the ball is squarely in Congress's court.



Goodman: In President Bush's final months of office, the economy is at the top of the agenda. Oil prices now exceed $140 a barrel, more than double $70 a year ago. The high cost of oil has helped exacerbate the global food crisis that threatens to push over 100 million people below the poverty line due to rising food prices. This all comes amidst an ongoing housing crisis, with the US Treasury and Federal Reserve unveiling sweeping steps to possibly bail out the nation's two largest mortgage lenders, Fannie Mae and Freddie Mac.



Amidst these multiple crises, how best to understand government policies being enacted? Naomi Klein is the author of The Shock Doctrine: The Rise of Disaster Capitalism. The book is out in paperback this month. It was first published in September, and in some ways, much of what Naomi writes about in the book is more relevant today. ... Food, fuel, housing, climate change -- talk about these crises. First, start with oil.



Klein: There really is a kind of a tsunami of shocks facing not just the economy but people's lives, people's real lives. They're all intersecting. They're making each other worse. And I think we really are seeing some very live examples of what a write about in the book, which is how there is a strategy. And this is what I mean by "the shock doctrine." There is a clear political strategy, and has been for several decades, to exploit these moments when people are desperate for quick-fix solutions and more inclined to believe in a kind of a magical cure, to push through very, very unpopular policies that don't actually solve the crisis at hand, that don't actually help people, but are incredibly profitable for multinational corporations.



And I think we are seeing a very vivid example of this with this speech from George Bush yesterday, where he is taking a very real crisis, which is demanding complex and profound changes in the way we live, in the way we organize our economy, but particularly in the need to diversify our energy sources. And I think there's a tremendous actual amount of support for this idea from the public. And he comes in -- and I call him in my recent column the "extortionist-in-chief." Basically what he's saying is he's holding the country ransom. He's not taking any of these long-term policy routes to dealing with climate change, to dealing with high oil prices. It's just let us drill, or, you know, nobody can go on summer vacation. And he's selling a myth, which is that by allowing drilling, the price at the pump is going to go down, which is really interesting, because just yesterday, in response to Bush's announcement, oil went up, and oil futures went up. And so, the price of oil is going to keep going up.



Goodman: What would -- how long would it take the oil drilled offshore, if he succeeds in getting his father's ban reversed, to get into the supply?



Klein: Well, first of all, I think it's really important for people to understand that we are being subjected to an incredibly aggressive media campaign sponsored by the oil and gas industry. And, you know, it's to the point where it really is impossible to tell the difference between the paid advertisements, which we're being bombarded with on cable news from the oil and gas industry, talking about how they can solve the problem of high prices with more drilling, and all of these commentators, from Larry Kudlow to Sean Hannity, repeating these talking points, and not to mention Dick Cheney, who just propagated a complete lie, saying that China was drilling off the coast of Cuba, and the Vice President's office actually had to retract that. It turns out his source was George Will, who also had to issue a correction. China is not drilling off of Cuba. And so, there's a very aggressive campaign going on.



The reality is, it would take between five to ten years to see any of that oil. Everybody admits this. Everyone knows this. You have to do the exploration, then you have to build the rig, which takes a huge amount of time. So it takes -- we're talking about as long as a decade to see any of this oil.



So when you press people who are selling this drill in ANWR, more offshore oil drilling, also drilling into the shale in places like Montana, what they actually say is that the reason why it will lower prices at the pump, you know, soon, this summer, is because it will send a message to the stock market, it will send a message to the oil speculators that more supply is on the way. So, essentially, what they're saying is, let's play the market, let's collectively play the market.



And that's why it's significant that yesterday, in the face of Bush's announcement -- and it was a significant announcement, because it was a real indication of the seriousness of this administration to really make this their, you know, final push in office, and they could well win, because this media campaign is really bringing public opinion on side, and we know that the Democrats are pretty weak in the face of that public opinion, and the only thing that they could fight this with is with real commitment to green policies. And, you know, don't hold your breath.



Goodman: What does this offshore drilling, lifting the ban -- how would you relate this to what's happening in Iraq right now and what's happening at the Oil Ministry and the pushing through the permanent occupation that the Bush administration is pushing hard for?



Klein: Well, I think we're seeing the Bush administration in its final months just handing out a series of gifts to the oil and gas industry, both at home, pushing for opening up the Arctic National Wildlife Refuge, and then in Iraq, the prize, the biggest prize of all, which is allowing foreign multinationals to gain control of Iraq's oil fields. And we're seeing a two-stage process now, and it isn't over yet, where first there was the service -- the short-term service agreements, no-bid contracts, that were announced. They haven't been signed yet, but they're going to the big oil companies that were kicked out of Iraq in the '70s. They're coming back.



Goodman: Explain how that works, these no-bid contracts, how it is -- who's signing these contracts?



Klein: OK. Well, at the moment, Iraq does not have an oil law, so Iraq can't sign long-term exploration agreements, although they are doing it in Iraqi Kurdistan, and we've heard about this with Hunt Oil. But that's -- those are illegal contracts. They're very precarious. There could be future expropriations. It's really risky to go that route, because there isn't a law. And we know it's been a major push of this administration to get the Iraqi parliament to accept a US-backed oil law. This has been sold as a symbol of Iraqi unity. That's not the way it's seen in Iraq.



In Iraq, the reason why it has been years in resisting this oil law is because nationalizing the oil in Iraq was the centerpiece of the anti-colonial struggle, as it was in neighboring nations throughout the Arab world. And it is not just a pro-Saddam idea. It is not just a Baathist idea. It's the core of Arab nationalism. And that victory is being protected by many political forces in Iraq, and most notably by the oil workers' unions in Iraq, who said, "We don't need these foreign multinationals to get the oil out of the ground. We can do it ourselves. We can bring in technical support without giving away management control, without giving away ownership control."



And, I mean, but let's stress here that unlike the oil offshore, unlike the shale, this is very difficult oil to extract. It's extremely -- it requires a huge amount of technology. It requires a huge amount of investment. And that's part of the problem with what the Bush administration is selling. These -- actually, they -- the oil companies need the price of oil to stay high in order for it to be economically viable to do these -- to get oil out of solid rock, for instance, which is very hard, very expensive. Offshore oil drilling, also very, very expensive -- you have to build the rigs and so on. Iraq, no. Iraq, stick a straw in the ground and suck. I mean, this is incredibly accessible oil. And Iraqis actually know how to extract this oil themselves. So this idea that they need these foreign multinationals to come in is yet another myth.



And not only have companies like BP and Texaco been offered these no-bid contracts, but what's strange about it is that they're service contracts, and these are not oil service companies. So what's significant about these contracts is that they appear to be giving these oil companies the right of first refusal on future, more significant contracts. So, one week after these smaller service agreements were announced, the Iraqi Oil Ministry announced that they also will be handing out longer-term management agreements, which will give oil companies the ability to manage existing fields in Iraq and hold onto 75 percent of the worth of those contracts and leave only 25 percent for Iraqis, which is absolutely unheard of in the region, where 51 percent for the country is the baseline for new exploration, for new fields. These are existing fields. They're already working. The technology is already there. And these foreign companies are going to be taking 75 percent of the worth of those existing fields in Iraq. So it's daylight robbery. It's armed robbery, actually.



Goodman: How is it that the oil prices are, well, among the highest they have ever been, and yet so are the oil company profits -- ExxonMobil, Chevron -- why?



Klein: Well, they have a captive market, and the fact that the price is high means that they are earning more profits.



Goodman: But supposedly the price is high because it's harder to get, not to give them more money.



Klein: There's a speculative bubble going on right now, and this market is being played. I mean, I think this is really the new bubble. Actually, it's replacing the housing bubble. And, you know, any time anything bad happens in the world, that's the indication for speculators to drive the price up. It happened yesterday. Bush announced that he would be opening up to offshore oil drilling, but at the same time, there was an oil strike in Brazil, so the price of oil went up. So everything drives the price of oil up. I think it's really a classic bubble. Certainly, there are some supply issues, but I actually don't think that that is the main reason why the price of oil is going up.



Goodman: You're from Canada. Talk about Canada being the major supplier of oil to the United States. I think most people in this country would not understand this. And I also want to talk about ANWR, the Arctic National Wildlife Refuge.



Klein: Well, it's really striking, because in all of these discussions -- and we heard this just now from President Bush -- it was, we need to drill offshore to get away from our dependence on foreign oil, and there is still an overwhelming perception that most of the oil in the United States is coming from countries like Saudi Arabia. There has been, since the invasion of Iraq -- and this is the period where the price of oil has skyrocketed -- this has already changed. The number one supplier of oil to the United States is not Saudi Arabia, it's not Mexico -- it's Canada.



And it has all of the elements that these new initiatives that are being proposed -- offshore, ANWR, shale -- possess. It's close. It is an absolutely secure source of oil for the United States, and the reason for that is because locked into the North American Free Trade Agreement, locked into NAFTA, is a clause that we Canadians are really not very pleased with, which actually makes it illegal, impossible, under NAFTA, for Canada to turn off the tap, even if we face an oil crisis and are not able to supply oil for our citizens. We have to keep supplying the United States. So it's a legally binding agreement that this tap will stay open. So Canada is now the number one supplier.



And the other that it holds in common is that it's ecologically devastating, what's going on in Canada, because the majority of this new oil coming to the United States is coming from the Alberta tar sands, which are often called the "oil sands." We call them the "tar sands," because it's a more accurate description. And this is another oil industry talking point, to get you to stop calling it the "tar sands" and start calling it the "oil sands."



But essentially, the oil in Alberta is very linked to the high price of oil, which is to say that when oil was at $30 a barrel, the tar sands, this huge oil deposit, was not counted as part of the global oil reserves. And the reason for that is that it was so expensive to process this very, very thick tar-like substance into liquid oil. It costs between $25 and $30 a barrel, so it just didn't make sense to count it as part of the global oil reserves, because who was going to make the investment required if they were obviously not going to get a return on their investment? So once the Iraq war started and the price of oil started skyrocketing, oil was discovered in Canada. Everyone knew it was there, but it became part of the global oil reserves. More than that, it is now counted as the largest oil deposit in the world. These are the tar sands.



And, you know, I would argue that this oil should be left in the ground. Environmentalists are calling for a moratorium on the tar sands, because it takes three times the amount of fossil fuels, of burning fossil fuels, to process one barrel of oil from the tar sands as it does to process the kind of oil that they have in Iraq, for instance, which is already in liquid form.



Goodman: So you dramatically increase emissions.



Klein: It's why Canada has become a climate renegade, along with the United States, because our emissions are increasing because of the tar sands, because it is so carbon-intensive and water-intensive -- which is another issue -- to do this very, very dirty processing of this tar-like substance into liquid form. So the argument is that it should actually be left alone.



But the other argument that we see is that even with this huge boom going on in Canada -- and this is the reason why our economy is actually doing better than the US economy, because of the tar sands -- is that it in no way has affected the price of oil. So, here you have a paradigm to look at of what is being proposed right now with ANWR, what's being proposed with offshore, what's being proposed with shale. We can see it right now in Canada. And as this huge boom is taking place, the price of oil has gone up month after month after month, and it has had absolutely no effect on the price at the pump.



Goodman: You've been writing a lot on a number of issues. One of them is about what you call Obama's Boys.



Klein: Obama's Chicago Boys. I just want to add one more point, and I just want to take this opportunity, because I feel like people are being so bombarded with these oil industry talking points, and it really is changing public opinion. I mean, people need to know this. There's -- polls are being commissioned that are finding that 67 percent of Americans support offshore oil drilling, because they think it's going to lower the price at the pump.



What's actually going on is the oil companies may not even bother drilling. What they're doing is they're stockpiling leases. And what that means is that the oil companies will have a much greater control over the oil supply. When the oil companies have a much larger control over the oil supply, they can turn it on and off. They can control price. They can fix the price. So, in fact, what this is doing is the opposite of what they're saying. It's actually giving the oil industry much more power to drive the price of oil up by controlling supply, by just giving them all of these leases. And we keep hearing, well, they have all these leases already, and they're not using them, and they want more. Why? Why do they want all these leases? Because that is what gives them control over supply. That's what allows them to fix prices.



Goodman: In fact, this has united you with people across the political spectrum. You've been invited on a number of right-wing radio talk shows, because everyone is deeply concerned about the price of oil. They just have different solutions for what should happen.



Klein: Right. But, you know, there was this little window, Amy, where even Bill O'Reilly was talking about the obscene profits of the oil industry -- it was like three days -- where people were -- where the logic of the situation was just so glaring, where, you know, you have Shell reporting $7 billion in profits in one quarter. People are very concerned about climate change. And it just makes sense to take some of those profits in the form of a windfall profit tax or some other measure and -- because these are the companies that have created this crisis for us -- and using this moment.



And let's remember that this is what countries around the world are doing. They're using this moment of high oil prices to invest in alternative energy and alternative infrastructure. The way to make solar and wind work, you know, is not just to do venture capitalism for startup solar and wind companies. These companies need major investment, need states to make major investments in infrastructure that can carry these new energy sources, new grids. This can only be done by the public sector. And this is actually a moment of opportunity, when there is such high prices, when people are so angry at the oil companies, to actually take some of this money and invest it in the public sphere, so that alternative energy becomes viable.



And there was a moment where there seemed to be some agreement about that, even on the right. And then, it just shifted because of this very aggressive barrage coming from the oil and gas industry, which is selling this false hope of "drill now, pay less."



Goodman: Naomi Klein, Obama's Chicago Boys, who are they?



Klein: Well, one of them is Obama. Obama spent ten years teaching at the University of Chicago Law School, which is a very conservative law school. You know, I wrote a column recently talking about how conservative Obama's economic roots are, with his ties to the University of Chicago.



His first response to the mortgage crisis, let's remember, was he was worried about the government taking action to keep people from being evicted from their homes, because that would create moral hazard. And he was not talking about the big companies, the big mortgage lenders; he was talking about individual low-income people being thrown out of their homes. He was worried about moral hazard. That's a very University of Chicago take on the situation.



And one of his -- his chief economic adviser was Austin Goolsbee, this University of Chicago economist. And, you know, now his chief economic adviser is Jason Furman, who is not a University of Chicago-affiliated economist, but is certainly on the right of the economic -- Democratic economic spectrum, has defended Wal-Mart, has attacked critics of Wal-Mart, saying that they're doing more harm than good, that actually Wal-Mart is a progressive institution that is helping low-income people with their low prices, and that living wage campaigns, for instance, are actually hurting low-income people. So these are pretty conservative ideas, and I think it is important for people to understand that this is who Obama has chosen to take his advice from.



Goodman: This is very interesting, because, of course, he really slammed Hillary Clinton when it came to her tenure on the board of Wal-Mart. And he said he wouldn't shop there.



Klein: It's true. He said both of those things, and it is a political campaign, and we're seeing a lot of double talk on these issues. Austin Goolsbee, for instance, got himself into some trouble after he met with Canadian consulate officials. And they left that meeting with the distinct impression that he had told them that they shouldn't listen to what Obama's saying about NAFTA and renegotiating NAFTA for labor and environmental standards, because it's just an election campaign. So it would seem that perhaps we should take Obama's Wal-Mart comments in the same spirit. But, you know, my message on --



Goodman: And yet, you have him speaking -- Obama himself being quoted in Fortune magazine, after he had said that that whole -- well, what became a sort of little scandal there, with Goolsbee going to the Canadian consulate at the time when he was going through the states where labor was stronger, where he was really slamming NAFTA, saying this wasn't true, that he was telling them, "Don't worry. It's just overheated rhetoric." And then he said that precise thing, Senator Obama himself, in Fortune.



Klein: That it was overheated rhetoric. Exactly.



Goodman: That he supports NAFTA and free trade.



Klein: And it's -- you know, it's shades of Bill Clinton's first campaign, where he also campaigned very actively about labor and environmental standards and NAFTA. NAFTA had already been signed, but it hadn't come into law. And then there was a turnaround, and there was a turnaround in the transition period, after the election but before he took office, where there was a sort of fateful meeting.



And I think the fear is that some of the same people, like Rubin, responsible for, you know, Rubinomics, which turned into Clintonomics, which was, you know, the Democratic full-scale embrace of the ideology of privatization and so-called free trade, that this same sort of group of people are following -- are now surrounding Obama. And Jason Furman is a Rubin protg and worked with him at the Hamilton Project, which is a sort of sub-think tank of the Brookings Institution, which emerged a few years ago to prevent the Democratic Party from embracing what they saw as populist economic policies, the centerpiece of which would have been a reexamine of the ideology of free trade, which is being discredited around the world.



Goodman: So, you have Obama on NAFTA, people perceiving that he's changing his position. And then you have the major issue of FISA, where even on his own website -- and many say --



Klein: Well, just to be clear on economics, I mean, I think what we actually saw with Obama is that he started pretty much at a conservative point on economic policy, and Clinton -- and the campaign with Clinton, because she was moving so far to a populist position, he then moved. And as soon as she dropped out of the race, he moved back. So I think there are some real points of disagreement, and I think that there are some places to point to much more progressive outlook in Obama's roots, particularly on foreign policy, but I don't think economic policy is one of them.



Goodman: He had called the free trade agreement, in the debates with Hillary Clinton and with John Edwards, "a mistake." He called it "an enormous problem," but now, with Fortune, said, "Sometimes during campaigns rhetoric gets overheated and amplified. My core position has never changed. I've always been a proponent of free trade," which you say actually is true.



Klein: And he appointed Jason Furman the day after Hillary dropped out of the race. So, it was -- as I said, I really think he's moving back to actually where he started, with his first reaction, as I said, to the subprime mortgage crisis being, well, we can't keep low-income people from being evicted, because we have the moral hazard of encouraging them to make bad loans, essentially blaming them for having been -- having accepted these mortgages in the first place.



Goodman: So now you have FISA, and you're suing on this issue. But on December 17th, a press release from Obama's Senate office read: "Senator Obama unequivocally opposes giving retroactive immunity to telecommunications companies and has cosponsored Senator Dodd's efforts to remove that provision from the FISA bill. Granting such immunity undermines the constitutional protections Americans trust the Congress to protect. Senator Obama supports a filibuster of this bill, and strongly urges others to do the same." Ultimately, of course, he supported the bill, and it just passed, and the telecommunications companies got the retroactive immunity that they had sought.



Klein: I think we should see this as part of these parting gifts that the Bush administration is handing out to their cronies in the oil and gas industry and also in the telecommunications industry. And we really see the priorities of this administration. It's a tremendous disappointment.



The lawsuit that you mentioned is, I think, a really forward-looking initiative from the ACLU, where they've been anticipating, hoping that this wouldn't happen, that there would be a legal defeat of this -- of the bill in Congress and the Senate. But, of course, they were realistic and knew that there was a good chance of a cave, and so the ACLU has been preparing a lawsuit, and I think it's really the ACLU at its best, which is defending the law when the lawmakers decide not to.



And they've brought together coalition of human rights groups, different NGOs, who do a lot of international work, as well as journalists, who -- and we're all saying -- I'm one of the complainants on behalf of The Nation, me and -- Chris Hedges and I and The Nation are named in this lawsuit, and we are all saying that the fact that our communications with international sources, with international colleagues, are now open to absolute, free surveillance, with no restrictions whatsoever, severely limits our ability to do our job.



And I think the most disappointing thing about the way in which Obama and other Democrats have defended their reversal on this law is that there's a tremendous amount of dishonesty about what is in the law. I mean, they're having to say that they've gotten all of these improvements, that it's much better, that there's much less to worry about, in order to justify their, I think, deeply immoral position. And so, there's a lot of misunderstanding now about just how bad this law is.



And it's just as bad as we feared, not just on the immunity for the telecoms, which is a disaster, but, more importantly, the fact that there, you know, is no burden of proof, except to say that the party being put under surveillance is outside of the United States. So if I'm communicating -- I'm in the United States and I'm communicating with somebody in Argentina, they don't -- the government does not have to prove that they have reason to believe that that person in Argentina is affiliated with a terrorist group, is a suspected terrorist, has information about terrorism. All they have to prove is that they are not an American.


Goodman: [Let's] talk about Iraq, both Obama and McCain.





Klein: Well, on Iraq, Obama does not have a plan to end the occupation; he has a plan to downsize the occupation slowly. He's been clear that he wants to keep the Green Zone intact. You've covered this extensively on the show. And that means, as Jeremy Scahill has made clear, that means that they have to keep Blackwater in Iraq.



So, I think that the point of this is not just to bash Obama. I mean, what I've been trying to -- the point I've been trying to make is that Obama needs more than super fans. He needs pressure from his base, because he has all the energy of the antiwar movement and the antiwar infrastructure. I mean, you've got groups like MoveOn that really built their infrastructure out of the huge anger and desire for change around Iraq, and now the infrastructure of the antiwar movement largely is going to support Obama, but there aren't clear demands being made of him to deserve that support.



Goodman: He's now calling for 10,000 more troops to go to Afghanistan.



Klein: And, you know, the corporations who are funding Obama's campaign, one of -- somebody who I referred to as one of Obama's Chicago Boys, I was talking about Ken Griffin, who is a Chicago hedge fund manager who used to be a Bush campaign pioneer, was a Republican, and has switched to Obama, basically because he's run the numbers and he believes Obama is going to win.



But I think what we have to understand is, with all the Wall Street money coming to Obama, with the weapons money coming to Obama, with the hedge fund money coming to Obama, these players have leverage. They can go to the Republicans. And so, what's the leverage of the antiwar movement? You know, what's the leverage of the grassroots supporters of Obama who have given him their trust, because they want change so badly on the environment, in Iraq, on domestic economic policy?



Goodman: Well, isn't the alternative, McCain says a hundred years in Iraq?



Klein: Well, that's the alternative. And I think, you know, this is part of the problem of this two-party system. And, you know, I saw Ralph Nader recently, and he said, "You know, progressives and liberals don't know how to play poker. There has to be somewhere to go." And, you know, I think that's part of it. But I don't think it's just about third parties. It's also about having independent movements that provide conditional support to candidates and not this sort of blank check, rock star, we'll support you no matter what.



Goodman: Well, of course, people do have some place else to go, which is -- we've seen it over and over -- the American people have made it very clear: stay home.



Klein: Stay home. That's true, and that's a credible threat. But I think Obama needs to hear a much more conditional, much more critical, much more demanding kind of support from his base, because his base is far to the left of the types of policies that we're seeing and that we're talking about here, whether it's the mortgage crisis, whether it's NAFTA, or whether it's Iraq.



Goodman: Food crisis now around the world.



Klein: Well, this is another example of how the shock doctrine, the strategy that I document in the book of using a crisis, using a situation of desperation, often a situation where developing countries need foreign aid, because they're facing a disaster, to leverage very, very unpopular pro-corporate policies. Now, you know in the book the examples that I give are, for instance, how the tsunami in Asia was used and the fact that countries like Sri Lanka needed aid, and in that moment you had international lenders coming in and saying, "Oh, well, we'll give you aid, but we want you to privatize your water, your electricity system, hand the coastline over to resorts."



Well, we're seeing a version of this. We're seeing a version of disaster capitalism in the context of the food crisis, where you have that same desperation, you have a need for aid, for debt forgiveness, for new policies, and now we're hearing another sort of echo chamber response from the World Bank, from the US State Department, from the agribusiness companies, and that refrain is, the cause of the food crisis is that too many of these countries don't allow genetically modified foods, and genetically modified crops can feed the world and solve the food crisis, so trying to use this crisis to break through a legislative barrier that exists for good reason, just as domestically in the United States the oil crisis is being used by the Bush administration to try to break through the bans on offshore oil, on ANWR.



So now we have this other talking point that we're hearing again and again, which is genetically modified foods can feed the world. There is no scientific evidence for this. Quite the opposite. Genetically modified seeds do not increase yields for crops. They increase profits for agribusiness companies. They simplify farming. But they don't increase yields, and in many cases they decrease yields.



Goodman: Because?




Klein: Because this is actually not what they're genetically modified to do. I mean, if you think about Roundup Ready, I mean, what it's genetically modified to do is be compatible --



Goodman: You mean the soy and the fertilizer?



Klein: Yes, to be compatible with Monsanto's [herbicide]. It's not about increasing crop yields. And they haven't actually figured out the technology for how to increase crop yields.



One of the things that I find really worrying is that companies -- and similar to the oil crisis, Amy, we're seeing record profits from Monsanto, from Cargill, from all the big players, in the context of the food crisis. We're also seeing something else, which is that these companies are buying up hundreds of patents on seeds that they claim are "climate-ready." "Climate-ready" is -- we've heard about Roundup Ready, which means they're ready for roundup [herbicide]; now, the new phrase is "climate ready," which means they're ready for climate change, which means that these seeds apparently can grow in the context of drought, can grow in the context of highly salinated earth because there's been a flood. And Monsanto and Syngenta, other of these big biotech companies, have bought up hundreds of these patents.



And this is worrying on many levels. I think it's worrying, because, once again, we're seeing a disincentive to actually get us out of a future of climate chaos, because we see ways to profit. But then, when we look at how aggressively we know a company like Monsanto protects its patents, when it comes to their Roundup Ready seeds, the suing of small farmers, the surveillance of farmers -- there was an incredible story recently in Vanity Fair about the heavy-handed legal tactics and use of private security, just harassing farmers who dare to save their seeds from one growing season to the next, breaking Monsanto's patent. So if they really are developing seeds that are climate ready and they're also patenting them and buying them up, then really what we're seeing is not a future of feeding the world, but once again a future of a kind of climate apartheid, where it becomes less accessible and more expensive to have the crops that will grow in this future.



And so, I think people need to identify this right away, and the discussion needs to be about the right to food, about food being a human right. This is far too important to allow players like Monsanto to privatize the future of the crops that can grow within a context of climate change.




Read the final part of the interview at Democracy Now!

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Amy Goodman is the host of the nationally syndicated radio news program, Democracy Now!

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Naomi is Spot On ... These Are Teacherous Times ...
Posted by: mmckinl on Jul 16, 2008 1:20 AM   
Current rating: 4    [1 = poor; 5 = excellent]
And already, besides Bush's expected giveaways, we see the Congress surrender to it's worst instincts by passing the FISA Bill, giving away billions for the Iraq War, trying to initiate sanctions against Iran that are Acts of War along with other acts of desperation.

Then there is financial debacle where we, the tax payers, are being billed for the private banks and hedge funds greedy excesses to the tune of hundreds of billions of dollars, yet barely is heard a discouraging word or who should be held accountable.

Of course, as far as the housing and banking debacle, the privately owned and operated Federal Reserve deserves 80% of the blame for failing to regulate and police the financial marketplace while holding interest rates well below what they should have been, for the profits of their shareholders, the private banks that own the Federal Reserve.

And what punishment does the Fed get? More Power! They now oversee, not only their member banks but investment banks and hedge funds as well. And now, to bail out Fannie and Freddie they will get, well, they will get a blank check of tax payers money! Sounds fair... screw the whole financial system with lax regulation and enforcement while creating inflationary money for your private owners and get ... unfettered access to as much of the people's money as you like.

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» Treacherous President Posted by: vkobaya
» RE: A treacherous President.... Posted by: Last Chance
» RE: A treacherous President.... Posted by: sasquuatch55
» RE: interesting web site. Posted by: Last Chance
» RE: Treacherous President Posted by: mr. joshua
» Tell me this... Posted by: Bobsays
» RE: Tell me this... Posted by: Lauren
» RE: Tell me this... Posted by: Lauren
» RE: Tell me this... Posted by: Crazy H
Naomi Klein is my heroine!
Posted by: james_allen on Jul 16, 2008 1:34 AM   
Current rating: 4    [1 = poor; 5 = excellent]
Roundup Ready -- patented crops resistant to a widely touted herbicide; crops typically designed to be sterile to ensure repeat business for seed seller. This is an insidious evil; it's almost incomprehensible that the public accepts such things. The debate on Frankenstein food has been twisted to concern only immediate food safety, while the real problem is long-term biodiversity loss.

Anyone with an ounce of love for the Earth and its future should should be horrified by such things.

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» RE: Naomi Klein is my heroine! Posted by: sharloch
» RE: Naomi Klein is my heroine! Posted by: euthyfro
» RE: What is "government" for? Posted by: peacefullaim
Wrap the once White House
Posted by: weathered on Jul 16, 2008 4:09 AM   
Current rating: 5    [1 = poor; 5 = excellent]
in yellow/black police tape and lock it down as a crime scene.

Look very closely at Mulkasey&Co.and the media protected senators who were key to his installation and we'll see the 'extortionst-in-chief' has buy-in from many, making repairations difficult.
When a country Lies to itself, it minimizes itself.

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» D.C. Crime Scene Posted by: makeadifference
With So Much Blood In The Water ...
Posted by: gazooks on Jul 16, 2008 4:40 AM   
Current rating: 5    [1 = poor; 5 = excellent]
... the feeding frenzy will only grow.

In a best case, Obama may influence policy to mitigate some of the most blatantly insidious exploits and overt environmental damage of corporate objectives, IF there's an increasing, incessant and organized grass roots activism. But only if. There's no time for a honeymoon if he succeeds. If he doesn't, options certainly narrow, join the NRA or the next flight to Mars.

To avoid the most cynical effects of an Obama Presidency, anyone inclined to activism had better be prepared to devote much time, energy and resources to building a counterforce to the momentum of the unconscionable corporate greed that's relentlessly gaining ground. Any doubts of the fascist path we're on should be dispelled by now, our dwindling freedoms best be well used.

Already we see the potential for the uncontested continuation of parasitical corporate initiatives facilitated by an ever economically weaker electorate. If we even have a remote chance of effecting a change of course we must commit, in whatever way we can as individuals, to fight like holy hell.

We're either the willing victims of these circling predators or we exact a steepening cost to them and their proxies. Pick your fight well.

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Climate change, take the resources, please!
Posted by: warrior woman on Jul 16, 2008 4:53 AM   
Current rating: 4    [1 = poor; 5 = excellent]
This idea has been niggling in my subconscious for a while now. We know the R's essentially are doing the opposite of what they are saying. Therefore, I propose that they know the breadth and extent of global climate change. They push their views on coastal drilling, GCC is a hoax, etc. while all the time, they are gobbling up the resources that will offer them control and power in the future. Not so distant future, I might add.

If they get their stupid, following breathren to believe that there is not change and to be their little warriors, they create enough havoc that we're not looking while they buy up water rights (TX, t boone pickens an example) or other resources and they maintain their power, actually, are increasing it immensely.

Now, on the other hand, since they know that the change is happening rather quickly now, what to do? Raising the price of gas very quickly essentially does the "right" thing. It causes people to drive much less therefore decreasing carbon output but there is no widespread immediate panic (economic or civil unrest immediately upon notice) caused by say a govt telling people they must decrese emmissions by 30% or more. Airlines have decreased flights. The big auto makers are decreasing manufacture of the big cars. Just a few examples.

Belt tightening without broad fear and panic of our ultimate demise. I do not say that we don't feel these things, just that it is not more than pissing in the wind on blog sites- there's no organized reaction that would cause them to retract their approaches.

I've philosophically argued with a friend over this thought. "How could they be doing the right thing, they're morally corrupt?" Well, they have to live too, BUT, they want to maintain their money, power and greed scenarios.

So, they tell us just the opposite, as usual, all the while, they're sweeping up control of the resources. Some might say I give them too much credit. Yet remember, they've been manipulating us for a very long time. Think about it. THe more that I do, the more I think that I'm right. The next question is, what do we do about it???

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Yes it's a Disaster
Posted by: beautifulady2003 on Jul 16, 2008 5:38 AM   
Current rating: 4    [1 = poor; 5 = excellent]
But how do we stop it? The Obama cult will elect him in November (McCain has no cult, but nothing else either), and as I have said again and again, the corporate engine will keep on running America into the ground. I will vote for Nader or Kucinich, if only to exercise my right to vote but also to protest what this country is becoming and where it is going. The greed and avarice of big business "trickles down" and affects even the vanishing middle class and the poor. People allow themselves to be propagandized into believing that oil will become cheap again, food will be plentiful, houses will be affordable, and jobs will abound. None of these things will happen.

When hordes of Americans literally find themselves living in the streets, they will finally understand that they were just a figment of a rich corporation's imagination. Because in a sense, human beings, individuals, are no longer real. Dehumanized, they can be used and discarded for corporate gain.

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» RE: Yes it's a Disaster Posted by: EinMD
» RE: Yes it's a Disaster Posted by: quakergirl
» OBAMA, only alternative to McCain Posted by: Linda Sutton
» My 2 cents Posted by: tommy_slothrop
» RE: My 2 cents Posted by: Lauren
» RE: Yes it's a Disaster Posted by: madregal
» RE: Yes it's a Disaster Posted by: Lauren
» RE: Yes it's a Disaster Posted by: undrgrndgirl
» RE: Yes it's a Disaster Posted by: helenwheels
quakergirl
Posted by: quakergirl on Jul 16, 2008 5:46 AM   
Current rating: 4    [1 = poor; 5 = excellent]
911 had been in planning by the Pentagon and the Wall St bankers like Rockerfeller for 10 years. Canada was involved (NORAD included Canada during war games on 911 which were programmed in Canada). Planning for the this was started in the 1980s with Rex-84 Martial Law Plan (see Wikepedia) which is so secret that Congress is not allowed to see it. Oliver North worked on this and it did include suspension of the of the Constitution (what's left of it) and declassified meeting notes say that FEMA was originally to be called Federal Emergency Military Agency and felt it was too scary a name to be accepted. They also decided to sell the FEMA camps as places for Mexican immigrants, even though they were intended for the American dissenters and resisters once martial law is declared. Dissenters are political and resisters are those who refuse to give up their guns.

The 1 million Americans on the Terroist Watch List people who are labeled red is a pick up list for martial law. Those people will be picked up and taken away to FEMA camps after martial law. The leaders however(labeled blue) will have been picked up at 3 in the morning and shot 2 weeks before martial law is declared. (This is reported by some people.)

911 was an inside job designed by the military complex, Rockerfeller, the Trilateral Com., the CFR top heads and traitors in the top of the Pentagon. It was designed to get total control of the American people thru a fake war on terror. The last laugh was theirs since they themselves were the terrorists.

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» In the real World.... Posted by: Last Chance
» RE: In the real World.... Posted by: quakergirl
» RE: In the real World.... Posted by: Last Chance
» RE: In the real World.... Posted by: Crazy H
» RE: In the real World.... Posted by: Last Chance
» RE: In the real World.... Posted by: Crazy H
» RE: In the real World.... Posted by: Lauren
Ms. Klein's subtitle should read...
Posted by: Last Chance on Jul 16, 2008 5:45 AM   
Current rating: 5    [1 = poor; 5 = excellent]
"The Rise AND FALL of Disaster Capitalism" since the system is so obviously devouring itself and dragging everyone with it.

Purblind corporations need a growing population to grow the economy to overcome the falling rate of profit, regardless of consequences because it's a consume-and-throw-away process.

Everyone knows this but are reluctant to discuss it except once briefly on this website, but nowhere else. Yet, it is the key to our survival as a species --

Reduce the human population through family planning and women's rights and all the pollution can be recycled and there will be plenty of resources for everyone. If not -- One More Destiny

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ram files of this interview were cut off
Posted by: wagadog on Jul 16, 2008 6:06 AM   
Current rating: 4    [1 = poor; 5 = excellent]
I tried to watch it on DN's website last night, using my usual mplayer applied to the ram playlist -- and it was cut off right here:

So when you press people who are selling this drill in ANWR, more offshore oil drilling, also drilling into the shale in places like Montana, what they actually say is that the reason why it will lower prices at the pump, you know, soon, this summer, is because it will send a message to the stock marke...SNIP!

Same thing with the flash embedded player. It took 2 hours to torrent down the mp4 file, in which time I simply read the text.

Someone must really not like having this information disseminated. I'm making a data CD with the mp4 on it today to distribute to my (protested the vietnam war and are very aware of these issues) aunts and uncles and cousins and brothers and sisters at a family reunion this weekend.

I suggest y'all do the same. This is a very important interview.

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Welcome to the Second Great Depression
Posted by: james2021 on Jul 16, 2008 6:09 AM   
Current rating: 4    [1 = poor; 5 = excellent]
The Monopolists of the early 20th Century were defeated by the First Great Depression, and the polititians decided to try to prevent another.

Enter the Republicans in 1980, with Saint Ronald, and the dismantling of the safeguards after 1929, began.

The latest is Phil (I lost money on Porn investments) Gramm. Thru his efforts and the Republican rubber stamp congress, all the safeguards involving Banking were dismantled, leading to the Current Financial Crisis.

The Oil companies, under Clinton, almost resurected the Standard Oil Trust from the early 1920's, with the result of $4.00 soon to be $5.00 Gasoline. With no end in sight, and nothing to hold them back, the Monopolists will have cornered the oil market, and will be free to set the price anywhere they want. In addition to preventing any competing energy sources from coming on line rapidly.

What a Wonderful World the Republicans have created for the rest of us.

Recession is only in the minds of the poor or near poor. Bu$h and the Republicans are doing just fine.

Let the peaseants eat cake.

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Depression 2.0: Roots are with the Democrats
Posted by: Bobsays on Jul 16, 2008 6:24 AM   
Current rating: 1    [1 = poor; 5 = excellent]
This is a deeply misleading article on several counts. It overly focuses on the crimes of George Bush, while ignoring where the macro-economic failing first started: under the Democrats. The fact is, we would be in this crisis if Al Gore had been the president for the past eight years.

Do you think Al would not have gone to war? Do you think Al, under advice from Greenspan, not allowed a housing bubble to correct the Clinton high tech bubble excesses? Come on...

Don't you think the current 'green bubble' has big Al's grubby hands all over it, including the global food crisis provoked by the biofuel switch? Look at the big picture, don't just follow Naomi on her witch hunt against George.

Klein's 'disaster progressivism' sees conspiracies where there aren't, and misses the real villains.

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» It's a nice theory... Posted by: Bobsays
» RE: It's a nice theory... Posted by: Last Chance
» RE: It's a nice theory... Posted by: Bobsays
» RE: It's a nice theory... Posted by: boing007
» RE: It's a nice theory... Posted by: Lauren
» RE: It's a nice theory... Posted by: Bobsays
» RE: It's a nice theory... Posted by: Cybershaman
» RE: It's a nice theory... Posted by: Cybershaman
» The crimes of Clinton Posted by: Bobsays
» RE: I can't decide. . . Posted by: peacefullaim
One Million terrorists, when do you get time to look at economy?
Posted by: flymulla on Jul 16, 2008 7:03 AM   
Current rating: 4    [1 = poor; 5 = excellent]
One Million terrorists, when do you get time to look at economy?
Mr. Bush is chasing the wrong goose. It is not Osama, not Saddam, not Taliban, Not Al Qaeda. That was the time. Why does he stick to the veto system daily? Any bright idea he put a veto on it. What has happened is, they live happily now, but the economy is in a rut. Mr. Bush is still pushing the numbers; 1 million are terrorist, still counting. Hence, he gets very little time to sit for fixing the economy.
I thank you
Firozali A. Mulla DBA
P.O.Box 6044
Dar-Es-Salaam
Tanzania
East Africa

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We need an overview of our own policies; then say bye bye to the Corporations
Posted by: coldham on Jul 16, 2008 7:12 AM   
Current rating: 5    [1 = poor; 5 = excellent]
I had occasion to see an interview with Charlie Rose and Amory Lovins, Chairman of the Rocky Mountain Institute following Amy's interview with Naomi. He is an energy expert and seems to have all the answers regarding energy policies and practices in the US. He put in perspective the role of oil and other energy sources and left me relieved that what is happening to us is only a manipulation of one corner of the Energy scene and that there are other ways around disaster politics and the corporations. American Energy Policy is wrapped around corporations and our evil congress but it need not be.

Since President Jimmy Carter, the solar solution has paved the way in renew ables and in sound home building practices. In many places around the world, these practices have allowed people to dismiss oil altogether as well as electricity. There are whole cities in Germany that don't use a drop of oil to heat them or a pound of coal to generate an electric power plant. It proves, as did Amory Lovins, that we really don't need big oil and we can really tell them to drop dead after this crisis is over. I think we should also tell this government to go to hell as well. Who needs a government that is constantly screwing us and taxing us to boot.

Regarding the corporate conspiracy, I went to our city government last year to find out if they approved of Solar power plants on roofs and if they had any plans. Here in Philadelphia, there was nothing in the wind. I then went to the speaker of the House in Pennsylvania, a guy named Percell, and asked his people if they had any alternative energy programs, and they also fell short. I knew in advance that the major energy plants and producers held in private hands, PECO, AND other Corporations had conspired against the public to kill alternative energy and home building practices, but that was back in 1980. It is obvious that you are not going to get any help from our governments.

This energy crisis has exposed a model of our relationship between business and government and I feel it is wise to apply that model to our Medical Corporations, our Pharmaceutacles and so forth. I am shocked to find out that we actually are being harmed by these entities as well.
But then, disaster capitalism was once called corporate greed.

I fear that the biggest disaster, the economy, is about to collapse and we better have our ducks lined up before we let Georgie win the day.

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» Amory Lovins interview: Posted by: makeadifference
» RE: Amory Lovins interview: Posted by: coldham
Cheney is
Posted by: BlammDaddy on Jul 16, 2008 7:43 AM   
Current rating: 3    [1 = poor; 5 = excellent]
The scum of the earth. He lies over and over and the citizens do nothing. They now know, without any doubt. that most Americans are basically either brainwashed ,flag waving. dupes or just pussies.
Had a regime like this shown up in 1950 they would have all been killed by now.
Have fun. I will since I no longer reside in the Empire.

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» No Escape Posted by: Last Chance
» RE: Cheney is Posted by: sharloch
» More than that..... Posted by: Last Chance
» RE: More than that..... Posted by: pomes
» RE: More than that..... Posted by: Lauren
» RE: More than that..... Posted by: Dboy
» RE: More than that..... Posted by: Lauren
When it comes down to it.....
Posted by: nfamous on Jul 16, 2008 8:02 AM   
Current rating: 4    [1 = poor; 5 = excellent]
Most Americans know there are problems and many know the real source of them instead of what the media tells us. What is the next step? Changing our reality through political reform? Wrong. We cannot fix this system because it's owned by the people who rigged it against us. The only choice Americans have to repair the damage is physical violence. These people will never give up power but the real power still lies with the people and their strength in numbers. After all the technological gains made since the Industrial Revolution it still comes down to one man being able to kick another man's ass.

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» RE: When it comes down to it..... Posted by: makeadifference
» Violence is NOT the answer, Posted by: Last Chance
Naomi should focus on the real culprits
Posted by: NotNeoCon on Jul 16, 2008 9:19 AM   
Current rating: 4    [1 = poor; 5 = excellent]
Amy - I like you and I think Naomi is a superb writer and what she says makes a lot of sense. I would like for Naomi to write a piece describing in detail how and why the Neocons have gotten us into this mess. We spend more on military toys than the rest of the world combined. Our military is the biggest user of oil in the world. All of the inflated costs, etc. emanates from the tremendous cost of oil caused by this dumb military adventure. Have Naomi give the American people the real story on this issue and point fingers and the guilty parties!

This will never happen, and we will live on getting fed more and more BS.

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Right
Posted by: GreyFoxThree on Jul 16, 2008 11:00 AM   
Current rating: 5    [1 = poor; 5 = excellent]
the Sooner we get Dictator Bush out of the White House the better off we will all be! good riddance!

JT
Ultimate Anonymity

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Beware, vulture's circling.
Posted by: BlueGorilla on Jul 16, 2008 11:01 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
The opportunism of the Bush/Cheney led People Crushing Alliance plc,is well noted by Naomi Klein,though she is not alone in seeing the patterns.
From 9/11 through to economic dips,the Republicans have enriched their own class,at every time of crisis, from tax dollars to Lockheed Martin to tax cuts (not really)intended to kickstart the economy.Its crisis for you,it's party time for the extreme right.
Hand in hand with this enrichment of the zillionaires,went a massive military build up,and investment in actual tools of death,with an escalation in subsidies to research and design bigger,faster,scarier military hardware..inverse to the level of sexual impotence of the Bush droogs.
They have also made the US a more authoritarian state (ie through the Patriot Act).."we can do stuff,we've always wanted to- yippee" they shouted to a man,and a terminatrix as the planes hit the twin towers.
Added together these policies result in 1)impoverishment of the poorer citizens of America,such as those who were /are reliant on pensions and benefits,including many war veterans.
Have you noticed the huge redistribution of wealth from have nots to haves? Who are the real state scroungers here..id say it was arms manufacturers,oil companies,as well as the usual suspects in the so called health industry. 2)A large debt for future generations,who have to pay for the gazillions of dollars ,which funded the tax cuts,and oil men's war. 3)A disconnected and increasingly unaccountable wealthy class of robbers,including those mortgage lenders,who knowingly leant money to people they KNEW may not be able to afford the repayments.Those who default on their mortgages will lose their homes,those who created the problem,will sail off into the sunset,with a few tax dollars,leaving others to pick up the tab.4)A disconnected and unaccountable executive,which answers to none but the "Republican base"5)A growth in state surveillance and control,with a semi-hidden agenda of controlling radicals,peace activists,environmental campaigners,left-wingers,and even the loud mouthed,shallow and very conservative Alex Jones and his ilk etc...
Part of the Patriot Act's real purpose was of course to better control and stymie threats to the wealthy,and not threats to society.
Yep each challenge brings fresh opportunities,and the grab, grab,grab project has shaped much of America in it's own image,particularly as the dems are so neutered,as illustrated by Obama's not so shocking switch to the right (support for Israel,sabre-rattling re Iran,a pro-business economic agenda in the model of Milton Friedman etc).
Well only the US people,the one's not zombiefied by Fox,can really take back what is yours (as for the Fox watchers ,you can forget most of them,they are too far gone,and most will never be human again).
Back "No in November",for grassroots participative democracy,and a world where politicians are accountable to citizens and not Big Pharma and it's shareholders.

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Failure to Impeach will prove to be Our Doom...!
Posted by: TJColatrella on Jul 16, 2008 11:20 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Our nation is in the clutches of swindlers and scoundrels, and The Bilderberg Group..which is redundant...!

Our Congress and Nancy Pelosi failing to begin Impeachment Hearings immediately in 2006, has doomed our nation, and most likely world stability as all this will lead to War much worse than anything we are seeing now...

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Oil Leases
Posted by: Urgelt on Jul 16, 2008 2:29 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Ms. Klein is attempting to establish a narrative by which we understand neocon motives for the damaging policies they promote, and she's doing pretty well at it. It's always a shell game with the neocons; they say one thing and mean another, so a little help with decoding is welcome.

She's only human, though, and once in a while she seems to stumble.

One such moment is captured in this discussion with Amy Goodman. Ms. Klein says,

"Why do they want all these leases? Because that is what gives them control over supply. That's what allows them to fix prices."

That sentiment crosses the line from analysis to blind paranoia.

Look, even if oil companies were good corporate citizens and loved snail darters more than profits, they'd still be in the business of somehow meeting demand for petroleum.

Oil deposits get used up; so naturally, oil companies want to stock up on new leases so they can stay in business as long as they can. Their wanting to add leases to their inventories is not by itself evidence of a desire to manipulate prices.

No economist thinks these leases that Bush is pushing for will have much of an impact, if any, on the price of oil. The price is being driven mostly by:

- Political instability in producing nations (partly our own fault).

- Rapidly rising demand in China and India.

- Price-fixing by the cartel called OPEC.

Oil deliveries from these new off-shore leases could not happen for 10 years or more at the earliest, and the amount of oil that could be extracted from these deposits is actually not very much. It's a wee bitty variable, not a clincher for oil companies seeking to control oil prices.

The insane profits the oil companies have been reaping come, not from greedy lease-grabbing, but from the revaluing of oil from existing wells. Existing wells represent oil that was economical to extract at $35 per barrel or even lower. When their oil is suddenly worth multiples of that figure, and the investment to obtain it is mostly already sunk, profits go crazy.

Higher oil prices are therefore something the oil companies are very much in favor of. I would not put it past them to conspire and manipulate to get prices to go up where they can. But they really are limited in their influence over price. Remember, the big variables are political instability, demand growth in India and China, and OPEC. None of those is decided in oil company boardrooms.

Obtaining new off-shore leases is about staying in business. Bush is moving to help the oil companies stock up on leases before he leaves office - they're his buds - and that's all I see happening here. They're moving now because Bush is sympathetic, the next President may not be, and the high price of oil we're experiencing might be used as a whip to convince consumers to go along.

Saying the leases will bring down gas prices is a lie, of course, but what else is new? That's how this Administration has operated from day 1.

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» RE: Oil Leases Posted by: madregal
» RE: Oil Leases Posted by: coldham
Now he sees the light.
Posted by: symcokid on Jul 16, 2008 4:17 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Der Bush must be a seer but a latent one, I don't think the idiot can see past his nose - it'll take 50 years to undo all the damage he has done around the world and worse yet he is still on the loose. Best get prepared for the Iranian invasion, it won't be long.

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» RE: Now he sees the light. Posted by: coldham
The 1930's all over again
Posted by: Romantic Violence on Jul 16, 2008 6:51 PM   
Current rating: 5    [1 = poor; 5 = excellent]
Crime and militant dissent is going to skyrocket off the Richter scale..people who ordinarily not consider 'criminal' activity in order to survive, will rethink 'is it worth it?' A choice between starvation or prison is not much of a choice to begin with. I don't have to remind anyone of the Bonus Army March on Washington in 32'or the hodgepodge of extreme right and left political activities during the same period or the mass emigration out of the US..I believe this time they (they being the government and their corporate cohorts)won't be able to quell. The end draws near. "The more numerous the laws, the more corrupt the government".

1789

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The Oil Leases Are Wanted for Speculation
Posted by: sofla100 on Jul 16, 2008 8:14 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
The major oil corporations already own billions in leases that they are not exploiting. The goal of obtaining more leases is an end in itself. Why? The leases are a hedge against higher oil prices but more importantly, they are tools of speculation. They can be sold for billions (over what they were purchased) to other companies, they can also have options and plans for "joint ventures" sold on them. This isn't about more oil, but it is about easy money from speculation on leases. If it were otherwise, why not develop the leases already in place? Of course, more money is to be made just holding onto them and if you really exploited them and the price of oil fell, it would mean less profit. It's easy math my friends for the major oil corps. As for President Bush, he is just a willing tool of his buds in the business.

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The Over-Riding Objective Is Worldwide Dis-Armament of Nuclear Weapons
Posted by: opmoc on Jul 16, 2008 8:18 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Because us human beings are human - and we make mistakes

And we get upset and angry against each other - and try and take eath other territories - just like cats and foxes

But we really need to grow up and become more than cats and foxes fighting over territory

We have only got one planet

And we owe it to all that what we perceive as lower life forms

To maintain our planet for them too

We are currently top dog animal on the planet

And the way we are going

The human race is in danger of completely failing the multi-billion year task of achieving heaven on earth

I mean coming bottom of a list of over 10 lifeforms that have so far dominated this planet over its incredibly long history

Is bit pathetic

I want US to come Top and stay there for the next Few Billion Years

We really have not being doing too well recently

I'm sure we can start to show some really good positive signs soon

I am not a Republican

But I am a Democrat

I Believe in Democracy

And The Goodness of The Human Race

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Democracy Is Much Stronger Than Fascism. We Will Prevail
Posted by: opmoc on Jul 16, 2008 9:18 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
There's Over 96% of Us

Sure the 4% have got all The power

But they are Just Human Beings and Have Got The Same Flaws as Us

Physical fighting is completely unproductive at achieving any good results that will work

Despite a 96% to 4% Superiority

We can't just do the very quick "sensible" thing

And Get All These War Criminals on Trial For War Crimes Against Humanity

Because we haven't yet totally completely finished gathering all the EVIDENCE YET

Of Very High Crimes Against The HUMAN RACE

By a Very Large Number of Clearly IDENTIFIED Human Beings Who Have on Paper INCREDIBLE RICHES

But when you are on Trial Facing Justice From the 96% of The Human Race

You have to at least spin a good story to survive in Jail for the rest of Your life

You see - I Don't Believe That Any Human Being has the Right to Decide The Death of Another Human Being

Much Better For The EVIL Amongst Us To Die a Natural Death in Jail and Serve as a LIVING EXAMPLE To All Of Us

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How about a little perspective, please?
Posted by: Sojourner on Jul 16, 2008 10:29 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I don’t know if these criticisms of Obama are fair. I do know that I could find no indication here of what his defense of his actions or votes might be. If anyone knows what his campaign replies to such charges as are made here, I assume it would be Goodman and Klein.

I have already heard from my telephone company, prior to the action by Congress, that if I want telephone service from them, I cannot sue them for monitoring my calls. Surely I am not the only one who has had to accept such decisions by utilities to protect themselves from political machinations on all sides. Nowhere in this discussion do I find any indication of whether or not such contractual agreements are customary and usual.

But frankly, I think we ought to be protecting Obama with our bodies rather than picking fault with him as a political candidate. The man is running for office. Don’t you want him to win? I realize that the last 30 years have necessitated the growing of sharp teeth and claws.

But what has he done that has been hidden? That’s what I worry about. It’s less the mistakes than it is the secrecy and the lies and the cabal-like behavior of the GOP administrations that have brought us to our present political predicament. Save the peanuts to throw after the man gets elected.

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Obama and the death penalty
Posted by: boing007 on Jul 17, 2008 6:33 AM   
Current rating: 5    [1 = poor; 5 = excellent]
opmoc said,

You see - I Don't Believe That Any Human Being has the Right to Decide The Death of Another Human Being.

Barack Obama does.

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» RE: Obama and the death penalty Posted by: rideyourbike11
Archie1954
Posted by: Kimberlrae on Jul 17, 2008 10:23 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
After reading this article I just can't think of one redeeming feature for the current occupier of the oval office. Not even one! He must be the absolute worst president the U.S. has ever had. Not only did the the most horrendous terrorist attack in U.S. history happen on his "watch" (was he asleep at the switch?)but war, famine, economic depression, corruption, torture and a whole slew more of related catastrophes. All precipitated from his office. My Heavens you would think God was angry with America!

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America has about six months
Posted by: master09 on Jul 17, 2008 10:47 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Vote Republician and condemn your Children's and Grand Children's future

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wE ARE SITTING ON THE 2ND BIGGEST OIL RESERVE IN IRAQ
Posted by: cori on Jul 17, 2008 12:21 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
We are getting most of our oil from Canada and while oil companies are making record profits at the pump and sucking billions from our economy,and we are also paying for all the private corporate security armies, now suddenly we need to drill off the coast! Why are we in Iraq? They are already cutting deals with oil companies there.

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lenteach
Posted by: lenteach on Jul 17, 2008 2:44 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
One thing is clear.Capitalism is not working.First it was socialism that didn't work and now it is capitalism.
Socialism didn't have incentives for efficiency and investment.It created stagnant economies, high unemployment and high taxes and a low standard of living for most.No workers paradise ever materialized but fascist governments did.And where
socialism and democracy bonded,taxpaying workers lost control over their personal income.Wealth is confiscated by the state for the benefit of all citizens, even those who contribute little or nothing.
What are we to do?
We are reeling from gasoline shock,food inflation,currency manipulation.bank foreclosures,speculators on the loose.Should we go to a command economy,like other nations have,and nationalize our natural resouces,like oil and gas,coal and metals.Should we institute huge social programs for income maintenance,health care for all,confiscatory taxation on personal income,abolition of multinational companies and severe restriction on immigration?
Or should we wait and wait and wait,until there is nothing left of our lives,our jobs,our health,our rights,our futures and our dreams.
The American dream is OVER>it died a violent death.It was killed,murdered actually,by social darwinism as practiced by ultra-right wing groups,obliterating unions, a living wage,the middle class way of life and the Bill of Rights.Rampant CEO compensation,the global economy, right wing propaganda about "terrorism" and how we are the victims of the terrorists.While the truth is destroyed,that the USA has been terrorizing the human race by amassing the greatest wealth for itself in history,sucking up the wealth of the world,following in the footsteps of other western nations like Britain,France,Belgium.Holland,Italy,Germany,Spain,Portugal.
My God, just look at the US in action in Iraq today,sucking up the only chance Iraqis have for a decent
life,a future,a recovery from the devastation we have wrought on them for over 5 years.This is but a morsel
of the greed Americans have victimized the world with,so they can enjoy all the creature comforts
of airconditioning,heat in the winter,good clothing,education,plenty of food,medicine,doctors,police,vacations,highways,big cars with CD players and much,much more.Americans have hoarded their wealth, weapons,medicines and cures,and shown little mercy on others.
Even towards its own citizens,right wing fascists murdered Americans in New Orleans, and now we just learn the govt. gave its largesse to the rich and powerful and connected,rather than to the survivors of Katrina.

How are we to redeem ourselves to humanity, and especially to ourselves.Can we rid ourselves of this greed,selfishness and amorality?
Can we part with all our luxuries, which we consider to be necessities?
How are we to save ourselves from
the coming disasters?Politics never
worked before and religion is so corruptible.Economics is unreliable and unpredictable.no branch of human knowledge is equal to the task.It cannot be achieved.

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Pakistan market manipulation?
Posted by: anyfreeman on Jul 18, 2008 7:48 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
The new Pakistani government is being tested, and there are parallels to other non-aligned countries' experiences in similar circumstances.

What is going on with the markets there?

The article in the NY Times stated only that foreign capital has fled. I would like to find out more
1) where most of the foreign capital came from,
2) who was heavily invested in the Pakistani Stock Market,
3) why a return to democracy created a foreign capital flight
4) why there is rioting in the streets by investors?

Any information would be appreciated.

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zgregz old enough to have seen the liars at their craft
Posted by: zgregz on Jul 20, 2008 1:54 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Lee Atwater and Karl Rove first developed the repeat the lie often enough and folks will believe it's true. George Bush is using this same SOP cause the folks in charge of disinformation are the same lie specialists. One would think that at this late date, and watching Nixon, Reagan and Bush for all these years more people would pick up on this, but many folks want to believe their surrogates -- the idea "their people" only care about the money the wealthy will provide for political use seems something those "others" will do. If you go back to the election of 2000 you can clip numerous comments by Bush -- all of which boil down to the economy is in the tank -- so we need tax cuts, and I'll give em to YOU. The GAO published a report on the economy as of 2002 -- which stated there had been a decline of 1% in the 2000 -- 2002 economic figures. You would have assumed by the rhetoric we were on the verge of recession -- contrast that with the current comments by Bush -- "the economy is strong". So lie that the economy is bad to scare people for votes, but now minimize a grave economic situation, so the clueless voters will again vote for the mega wealthy. If this is not pointed out -- maybe we deserve to be a 3rd world country.

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klein on goodman show
Posted by: whealeydj on Jul 20, 2008 4:22 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
would have been great to hear on my NPR station which resists call for Goodman's show. Obama's ties to Univ. of Chicago are an important point to keep in mind if he wins. He is much better than John the mad bomber McInsane so I will likely to vote for Obama in Ohio, it depends on who he chooses for VP. i will choose a fair-to-good Democrat over McKinney or Nader even though they are closer to my leanings; dont make the excellent the enemy of the good if the electable possibility is the horrible.

The tar sands and corn ethanol non solutions was also important. Gore is right, we need to move away from our fossil fuel/carbon addiction as soon as possible. oil in Iraq may be easy to get to technologically but we Americans have paid a hell of a price in troops and treasure for Total(French),Shell (Dutch) BP (British)and Exxon to get access to this oil. Americans need to nationalize their energy and localize where possible(biomass and solar) and cut out our dependence on extractive corporations who privatize the profits while socializing the cost through pollution and war.

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travelertoo
Posted by: travelertoo on Jul 20, 2008 7:39 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Do we really want Georgie Boy and his oil buddies to lease the land to big oil? Georgie, you've done one heck of a job!!!!!!!!!!!!!!!

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