Corporate greed

It finally snowed in hell, now we are really in for it.

Mr. President,
Well junior it finally happened; it snowed in hell.

SEATTLE POST-INTELLIGENCER
Last updated January 11, 2008 12:23 p.m. PT

Snow day in the sands of Baghdad
By CHRISTOPHER CHESTER ASSOCIATED PRESS WRITER

BAGHDAD -- The flakes melted quickly. But the smiles, wonder and excited story-swapping went on throughout the day: It snowed in Baghdad.The morning flurry Friday was the first in memory in the heart of the Iraqi capital. Perhaps more significant, however, was the rare ripple of delight through a city snarled by army checkpoints, divided by concrete walls and ravaged by sectarian killings."For the first time in my life I saw a snow-rain like this falling in Baghdad," said Mohammed Abdul-Hussein, a 63-year-old retiree from the New Baghdad area.



So, what happens next? Will dogs and cats live together? Will Israel give up it's illegal settlements? Will democracy break out spontaneously all over Iraq ? And more importantly will you have a legacy worthy of a great president?
Fat chance!

EMPIRE BUILDING 101
Your experiment at empire building has been the largest disaster in American history, and that is saying something.


MISCONCEPTION OF INCOMPETENCE AND INDIFFERENCE
While many people considered you to be indifferent and incompetent when faced with foreign and national tragedies, I have a sneaky suspicion that you were not incompetent.

CHAOS BRINGS OPPORTUNITIES ... FOR BUSINESS.
I think you saw each tragedy as an opportunity for business to grow so you didn't really give a dam about getting directly involved and allow your "free enterprise" to the rescue. Of course your definition of "free enterprise" is your ability to freely provide no-bid contracts to the enterprises you and your cronies select.

When you didn't have enough soldiers in Iraq you bought mercenaries like Blackwell to pitch in. When Iraq needed to be rebuilt after you bombed it back to the 12th century you handed out no-bid contracts to Becthel, Haliburtan and KBR. And it didn't matter if they actually completed any of the work. When Katrina hit Louisiana, you also used Blackwater to patrol the streets.

When many people in the intelligence agencies balked at talking loyalty oaths or provided contrary evidence to your view of the world, you outsourced the intelligence to a more pliable group of contractors who financially benefited by espousing your beliefs.


What mattered was that american companies benefited from whatever chaos came about or that you caused.
Wars are generally good for an economy, except when you run them.

You did created a booming military defense industry, which has kept some of americans working in the defense industry afloat. America has become the leading arms dealer in the world during your administration. In fact, while you are in the Mid East you are planning to
announce a $20 billion dollar arms deal with Saudi Arabia after buying Israel's support for the deal by offering them a $30 billion in aid.


Pasted Graphic

http://www.fas.org/sgp/crs/weapons/RL34187.pdf


WHAT'S A LITTLE DEATH AND DESTRUCTION WHEN THE GREATER GOOD FOR AMERICAN CORPORATIONS IS AT STAKE.
The loss of thousands of innocent people's lives and misery on many more is immaterial to the bottom line. The neoconservatives couldn't have found a better man than you, to cause this scale of death and misery without any qualms or sleepless nights.

Your apprenticeship for this job probably began when you executed a record number of prisoners which no doubt got the attention of neoconservatives who were looking for an american version of Chilie's infamous Augusto Pinochet.

Pinochet, with the help of America's CIA helped overthrow a democratically elected president Salvador Allende because Allende threatened to throw off the shackles of american corporations which were choking Chilie's economy.

Ironically it was on September 11th back in 1973 that Pinochet along with the
Chilean Army, the Navy, Air Force and National Police, staged a coup d'état against Socialist President Salvador Allende and established a military government.

According to
Wikipedia,

Pinochet implemented a series of military operations in which (according to the 1993 Rettig Report) approximately 3,000 people were killed [2], while (according to the 2004 Valech Report) 27,000 were incarcerated without trials and subjected to torture [3]. Thousands more fled in exile, in particular to Argentina, as political refugees; however, they were followed in their exile by the DINA secret police, in the frame of Operation Condor which linked South American dictatorships together against political opponents.





Pinochet set himself up as Chilie's dictator, you on the other hand chose to distort the constitution to expand your presidential powers by distorted the constitution to anoint yourself as our absolute monarch.

All that power along with a compliant republican-led congress provided endless misery to people around the world and an endless supply of money to american corporations. But the aftermath is going to be hell to pay. You and your rich corporate cronies won't have to pay, it is the rest of us that will have to pay for your misguided and criminal management of our country.


I have a nagging feeling that that american practice of creating chaos in other countries in order to have our corporations come by and pick up the pieces at a bargain price, is now being used on us.

Your "Laissez Faire" approach to financial governance has led to the housing crisis, predatory loans, the rise in oil prices, and the continuing drop in the dollar.

Lassez Faire is French for "Let it Be". It is basically, Adam Smith's philosophy, "that the government should not interfere in the economy of the country because by doing nothing the economy will reach a true point of equilibrium. People will purchase what they need at a price that is fair. Producers will produce only what is necessary to maintain a fair profit, etc..." Yea, right.

One of the many unintended results of your Lassez Faire approach and your neoconservative foreign policy has ultimately contributed to a fire-sale atmosphere of american institutions.


Since American wages have not been able to keep up with inflation, I can only wonder how we can continue to keep consuming at the same rate as we have been used to?

Equity in homes has dried up, our credit cards have reached their limits and savings have been at an all time low. So what are Americans left with, their looks? American corporations have to look overseas for relief.



Americans Sold Out to Foreign Firms at Record Rate (Update1)
By Zachary R. Mider

Jan. 3 (Bloomberg) -- Foreign investors exploited the declining U.S. dollar during the past three months to snap up American companies, taking the biggest share of U.S. deals in at least a decade.Buyers from Dubai to the Netherlands accounted for 46 percent of the $230.5 billion of U.S. mergers and acquisitions announced in the fourth quarter, the largest portion since 1998 when Bloomberg started compiling the data. The total excludes $17.9 billion of so-called passive investments by state-run funds in Asia and the Middle East in U.S. banks, including New York-based Citigroup Inc.




Telecom Firm in China Sets Sights on U.S. Market
Ownership, Tactics Raise Security Issues
By Ariana Eunjung Cha Washington Post Foreign Service Sunday, January 6, 2008; A01

SHENZHEN, China -- From a fortress-like corporate campus in this southern city, retired army officer Ren Zhengfei is building one of China's most successful experiments in capitalism. A mammoth operation with 70,000 employees and strong backing from the state, Huawei Technologies brags that its goal is to dominate telecommunications equipment markets all over the world.Its current focus: America.Three months ago, Huawei teamed up with Bain Capital Partners in a $2.2 billion takeover bid for U.S. networking pioneer 3Com Corp., a Marlborough, Mass., company that makes systems to protect against computer hackers.



Leak of foreign merger deal raises hacklesBy: Victoria McGrane December 20, 2007 07:08 PM EST

A leaked report on the review of a merger deal between 3Com Corp. and a partnership involving the Chinese company Huawei has stoked tensions of the sort lawmakers hoped to avoid when they redesigned the panel in charge of weighing foreign acquisitions.The 3Com deal is in the midst of a national security review by the Committee on Foreign Investment in the United States, or CFIUS, a multi-agency panel that weighs the risks of proposed foreign acquisitions. Congress revamped the CFIUS process this year in part because the business community warned that politicization of foreign business deals would drive foreign investors away, and eventually hurt the U.S. economy.



Dubai to buy large stake in Nasdaq
By Julia Werdigier
Thursday, September 20, 2007


LONDON: Borse Dubai agreed on Thursday to take a stake in the Nasdaq stock exchange in New York and become the first government-controlled stock exchange of the Middle East to hold a significant stake in an American rival, a step that may create political controversy in Washington.



Merrill reportedly seeking another capital raise
Bank seen in talks with foreign investors; Legg Mason reduces SIV exposure
By
John Spence, MarketWatch
Last update: 3:18 p.m. EST Dec. 31, 2007


BOSTON (MarketWatch) -- U.S. financials stocks were higher Monday afternoon following a report that Merrill Lynch & Co. was in negotiations with foreign investors to raise more capital to help make up for losses on mortgage-related assets.Merrill was in talks this weekend with Chinese and Middle Eastern sovereign wealth funds to raise additional funds in a bid to stave off liquidity concerns following massive credit losses, British newspaper The Observer reported.Chief Executive John Thain is trying to secure another infusion of foreign capital -- through selling stock or assets -- to shore up Merrill's balance sheet, the report said, citing anonymous sources.




Asia Day Ahead: Merrill to Get $6.2 Billion Infusion

Dec. 25 (Bloomberg) -- Merrill Lynch & Co. will receive a cash infusion of as much as $6.2 billion from Singapore's Temasek Holdings Pte. and Davis Selected Advisors LP. U.S. stocks rose, sending benchmark indexes to the highest levels in two weeks, after falling interest rates and an agreement to restructure $33.3 billion of Canadian commercial debt improved the outlook for credit markets. Treasury notes fell as U.S. stocks gained.




While Congress will wail and decry the sale of important american instittions to the Chinese and Arabs, I have to believe american corporations have enough clout to bypass those crazed congressmen. It is money that moves our country.
Even your famous wire tapping operation was interrupted by AT&T, because the bills weren’t being paid.

SEATTLE POST-INTELLIGENCER
Last updated January 10, 2008 2:32 p.m. PT

FBI wiretaps dropped due to unpaid bills
By LARA JAKES JORDAN ASSOCIATED PRESS WRITER

WASHINGTON -- Telephone companies have cut off FBI wiretaps used to eavesdrop on suspected criminals because of the bureau's repeated failures to pay phone bills on time.A Justice Department audit released Thursday blamed the lost connections on the FBI's lax oversight of money used in undercover investigations. In one office alone, unpaid costs for wiretaps from one phone company totaled $66,000.


This was even after you went to bat for them by not allowing them to get sued for complying with your illegal request to freely tap any american phone you want. Where is the love?

From: comments@whitehouse.gov
Date: January 12, 2008 12:39:45 AM CST
To: guzmatom@mac.com

On behalf of President Bush, thank you for your correspondence.

We appreciate hearing your views and welcome your suggestions.

Due to the large volume of e-mail received, the White House cannot respond to every message.

Thank you again for taking the time to write.