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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:18 AM
Original message
25 Reasons to Impeach Bush


A handy list from our friends at Counterpunch.org:



Liberate America!

25 Reasons to Impeach George W. Bush


By GARY STEVEN CORSERI
June 6, 2005

Among other things, the U.S. Declaration of Independence is a lengthy bill of particulars against the "abuses and usurpations" of King George III. If the revolutionary founders had had their own government, Jefferson would have used his writing skills to frame an impeachment bill. Among the "abuses" T.J. cited was the King's refusal to "Assent to Laws, the most wholesome and necessary for the public good." If the colonists were riled enough over taxes on stamps and tea to shake the world with revolution, what will their inheritors do with the "usurpations" of our present Chief Executive? As Jefferson wrote, "Let facts be submitted to a candid world":

1. He lied us into war in Iraq. According to the U.S. media-ignored British "Downing Street Memo," he "fixed" intelligence around a pre-determined policy of preemptive war. Results: 100,000 Iraqi civilian deaths; about 1800 U.S. soldiers dead in two wars, 100s of thousands wounded and traumatized.

2. Under his watch, the U.S. suffered its worst terrorist attack on its soil. He opposed an official investigation, then stalled for months on testifying before a hand-picked committee. Finally testified behind closed doors.

3. He was "elected" under dubious circumstances in 2000.

4. He was "elected" under dubious circumstances in 2004.

CONTINUED...

http://www.counterpunch.org/corseri06062005.html



Feel free to add your own.

Me: I'd add his family's close, personal relationship with Rev. Moon.

http://www.geocities.com/craigmaxim/p-politicians-governorgeorgewbush2.html
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formerrepuke Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:22 AM
Response to Original message
1. But he hasn't committed the worst of all atrocities: boinking an intern.
Unitl that happens, none of the above will matter (though reason #1 should be more than sufficient)
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:35 AM
Response to Reply #1
2. What about Jeff Gannon?
Does a Mantern count?



Touching you. Touching me.
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lady lib Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:40 AM
Response to Reply #2
4. Ewww. My eyes, my eyes!
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 06:37 PM
Response to Reply #4
8. Sorry. Perhaps this one...

C'mon-c'mon-c'mon-c'mon now touch me, babe.
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lady lib Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 08:44 PM
Response to Reply #8
11. Plucking my eyeballs out of my head right now...
ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:03 PM
Response to Reply #11
12. Noooooooo! You'll need 'em for this...


You're out of touch
I'm out of time
But I'm out of my head when you're not around
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lady lib Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 10:07 PM
Response to Reply #12
16. Too late! Ha ha.
Oh no, what's that sound? "Smoking guns hot to the touch
Would cool down if we didn't use them so much."

Make.It.Stop!!!




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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 10:16 PM
Response to Reply #16
17. BUSH Keeps getting small-e-r and s-m-a....


Then there's this:

The President chuckled. “Well, you got a pretty face,” he told the surprised Mr. Reid. He wasn't done. “You got a pretty face,” he said again. “You're a good-looking guy. Better looking than my Scott anyway."




Bush prefers Martin spokesman to his own

by Jane Taber, Globe and Mail

Ottawa — This is the tale of the two Scotts — one American, the other Canadian. One is dark-haired, the other blond. Both are 35 and both work for the most powerful men in their respective countries.

Scott McClellan is the press secretary to U.S. President George W. Bush; Scott Reid is the senior strategist to Prime Minister Paul Martin.

But, according to Mr. Bush, Mr. Martin has the prettier Scott.

Indeed. Welcome to a new era of “pretty face” Canada-U.S. relations.

This is what happened:

Mr. Bush met Mr. Reid earlier this week at the summit in Monterrey, Mexico, just after the President's breakfast with Mr. Martin.

CONTINUE...

http://paulmartintime.ca/mediacoverage/000149.html



lady lib, I couldn't make this stuff up if I tried.
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lady lib Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 10:29 PM
Response to Reply #17
18. And it's why Pickles is heavily medicated
Edited on Tue Jun-07-05 10:29 PM by lady lib
:)
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me b zola Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:37 AM
Response to Original message
3. His contemp for the Constitution & his attempt to rewrite it
~The merging of church & State

~The centralization of power to the Executive branch (that which he accuses Putin)

~The abuse of power

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 06:30 PM
Response to Reply #3
6. He wants to make ours an "ownership society."




Bush's Contempt for Democracy

by Robert Jensen
 
Many around the world are skeptical when George Bush says he wants to use war to help create democracy in Iraq. As a step toward bolstering his credibility, Bush might start taking seriously democracy in the rest of the world, and at home.

U.S. reaction to the weekend news that Turkey's parliament had rejected a proposal to accept the basing of U.S. troops for an Iraq war only confirmed what has long been obvious: The Bush administration believes democracy is wonderful -- so long as it doesn't get in the way of war.

Let's remember the basic notions behind democracy: The people are sovereign. Power flows from the people. Leadership is beholden to the people.

If those ideas are at the core of democracy, Bush's recent reaction to the will of the people suggests he has contempt for the concept.

Bush has a habit of praising as "courageous" those leaders who most effectively ignore their people. In the U.K., polls show more than half the public against the war, and close to a million people turned out for the Feb. 15 protest in London. In Spain, 2 million hit the streets of Barcelona and Madrid, and 74 percent oppose the war. But Bush has praised the courage of prime ministers Tony Blair and Jose Maria Aznar in remaining fanatically prowar in the face of massive public opposition.

CONTINUED...

http://www.commondreams.org/views03/0303-08.htm

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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 08:32 PM
Response to Reply #6
35. Contemptuous of democracy,...that's impeachable!!!!
How could that NOT be impeachable? :shrug:
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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 08:32 PM
Response to Reply #6
36. Contemptuous of democracy,...that's impeachable!!!!
How could that NOT be impeachable? :shrug:
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in_cog_ni_to Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:42 AM
Response to Original message
5. He read "My Pet Goat" while our country was under attack. n/t
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 06:36 PM
Response to Reply #5
7. Gross criminal dereliction of duty, at best.


"A conservative is a man who is too cowardly to fight
and too fat to run." -- Elbert G. Hubbard
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AuntiBush Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 11:00 PM
Response to Reply #7
22. Imagine what he was thinking at 9:05 AM, 9/11/01
"Why did they do this now, when they were suppose to wait till my photo-op was finished..."
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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 06:45 PM
Response to Original message
9. Engaged in covert government-sponsored propaganda.
I'll bet we could add, at least, another 25 to their list.

I wonder if the folks at Counterpunch know that RW hacks are using their articles to divide the left? I am so sick of the RW A-holes!!!
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 07:14 PM
Response to Reply #9
10. Pentagon gamed the media waaaay back when.
...before the Installation.





Military Interns Booted From CNN, NPR
How Did Army Officers Get Into The News Business?


TV Guide April 15-21, 2000
The Robins Report By J. Max Robins

Top executives at CNN and National Public Radio were more than a bit surprised when they learned that their organizations had used interns from a rather nontraditional source-the United States Army's Psychological Operations unit (PSYOP).

"We have interns from all over the world, but they are accredited journalists or studying ," says Eason Jordan, CNN president of news gathering and international networks. "But those interns had no business being here."

Both internship programs were ended shortly after top management learned of their existence.

A highly specialized unit of the military, PSYOP personnel are often trained in the production of videos as well as television and radio programming used to advance American policy abroad. "In Somalia, we broadcast on radio and shortwave," says Lt. Col. Paul J. Mullin. "We've helped countries in South America produce antidrug public-service announcements."

According to CNN executives and military officials, the intern program began last June and ended in March. A total of five PSYOP sergeants were assigned to the network's Atlanta headquarters-two at the Southeast bureau, two at CNN Radio and one at the satellite department. At NPR's Washington, D.C., base, three PSYOP personnel worked for periods ranging from six weeks to four months from September 1998 through May 1999 on such programs as All Things Considered and Morning Edition.

"All the interns did a fine job," says an NPR spokeswoman. "They performed minor tasks and had no influence on our news coverage, but when our senior newspeople found out they were here, they decided it was inappropriate; and we terminated the program."

CONTINUED...

http://www.greaterthings.com/News/Martial_Law/Turner_psyops.htm



I guess they wanted to get their feet wet before getting the right tool in office.
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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:03 PM
Response to Original message
13. Because he is responsible
Edited on Tue Jun-07-05 09:06 PM by seemslikeadream


Masters Of War

Come you masters of war
You that build all the guns
You that build the death planes
You that build all the bombs
You that hide behind walls
You that hide behind desks
I just want you to know
I can see through your masks.

You that never done nothin'
But build to destroy
You play with my world
Like it's your little toy
You put a gun in my hand
And you hide from my eyes
And you turn and run farther
When the fast bullets fly.

Like Judas of old
You lie and deceive
A world war can be won
You want me to believe
But I see through your eyes
And I see through your brain
Like I see through the water
That runs down my drain.

You fasten all the triggers
For the others to fire
Then you set back and watch
When the death count gets higher
You hide in your mansion'
As young people's blood
Flows out of their bodies
And is buried in the mud.

You've thrown the worst fear
That can ever be hurled
Fear to bring children
Into the world
For threatening my baby
Unborn and unnamed
You ain't worth the blood
That runs in your veins.

How much do I know
To talk out of turn
You might say that I'm young
You might say I'm unlearned
But there's one thing I know
Though I'm younger than you
That even Jesus would never
Forgive what you do.

Let me ask you one question
Is your money that good
Will it buy you forgiveness
Do you think that it could
I think you will find
When your death takes its toll
All the money you made
Will never buy back your soul.

And I hope that you die
And your death'll come soon
I will follow your casket
In the pale afternoon
And I'll watch while you're lowered
Down to your deathbed
And I'll stand over your grave
'Til I'm sure that you're dead.

-- Bob Dylan
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 10:55 PM
Response to Reply #13
20. We have to impeach the war criminal and turn him over to the Hague.
This guy sounds like a lawyer. Let him write up the indictments.




Dust off the Nuremberg Files

Anwaar Hussain, Fountainhead
Tuesday, May 31, 2005

At Nuremberg, in early October 1945, the four prosecuting nations -- the United States, Great Britain, France and Russia -- issued an indictment against 24 men and six organizations of the Nazi Germany. Of that 24 only 21 eventually sat down in the trial. The individual defendants were charged not only with the systematic murder of millions of people, but also with planning and carrying out the war in Europe. Twelve Nazi officials were sentenced to be hanged, three sentenced to life in prison, four were given prison sentences of 10-20 years, and the rest were acquitted.

Presently, the ongoing American and British slaughter of thousands of Iraqi and Afghan civilians constitutes a blatant war crime. Average legal skills should be able to prove that a similar case for the prosecution against the current coalition leaders can easily be constructed on comparable lines.

In September 2004, the incumbent UN Chief Kofi Annan made a very clear statement. Talking to BBC Annan said “the US-led invasion of Iraq was an illegal act that contravened the UN charter.” Being the UN Chief, and the custodian of International law, he should have known what he was talking about.

The consequent unlawful war of aggression, the killing of civilians and abuse of prisoners constitute war crimes as clearly as the UN Chief's statement.

Here are the Nuremberg Trial indictments.

The Nuremberg Trial Counts One & Two: Conspiracy to Wage Aggressive War and Waging Aggressive War. The "common plan or conspiracy" charge was designed to get around the problem of how to deal with crimes committed before the war. The defendants charged under Count One were accused of agreeing to commit crimes. Accusation for Count Two was defined in the indictment as "the planning, preparation, initiation, and waging of wars of aggression, which were also wars in violation of international treaties, agreements, and assurances."

Abundant evidence is now available that shows that leaders and advisers of the Bush and Blair administrations engaged in “planning, preparation, initiation or waging of a war of aggression.” Iraq posed no threat to either the United States or Britain. Its government had neither the means nor the intent of waging war against these countries; nor did it issue any threat to them. It possessed no WMDs.

CONTINUED...

http://www.uruknet.info/?p=m12197&l=i&size=1&hd=0





Hope you are well?
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libodem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 08:49 PM
Response to Reply #20
38. The whole Administration
should be turned over to the Hague including the ones who resigned after the second term. And if he were to be impeached we would not want Chaney or Condibot near the oval office.
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David Zephyr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:08 PM
Response to Original message
14. Impeach.
Impeach.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 09:23 PM
Response to Reply #14
39. Chimpeach!


...to avoid Chimpageddon.
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Fight_n_back Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 09:14 PM
Response to Original message
15. Only one of those is an impeachable offense
You can't impeach a guy because you don't like him.

Lieing in order to go to war seems like a "high crime" especially if it can be shown that he or his minions personally profited from it.

Another impeachable offense would be if it can be shown that his campaign organized the Swift Boat smear. That is a misdemeanor and would count.

Of course, the whole point is to get to the "discovery" process where things like the energy task force could be investigated. Thats where the fit hits the shan.
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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 08:08 AM
Response to Reply #15
24. "Fixing" facts around policies that damage best interests of Americans.
Just another way of defining fraud,...fraud perpetrated in order to embezzle the resources of "the people" for purposes of profitting a select circle of corporacrats. Fraud perpetrated to rationalize an unlawful war which led to the cruel death of tens of thousands of innocent human beings.

"High crimes and misdemeanors"? Oh, yeah,...hell yes!!!
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Fight_n_back Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 01:48 PM
Response to Reply #24
31. Absolutely
and there are probably more that we don't know about most probably revloving around the "Energy Task Force" that Cheney won't discuss.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 09:36 PM
Response to Reply #15
40. I like your idea: Get the "Discovery Process" going...
There's a lot to discover, there.

Connections to the Smear Boat Liars? Holy Cat. Didj'a know John O'Neil once was the lawyer representing James R Bath's former business partner, Bill White?



LET’S GO BACK TO THE BEGINNING WHEN DID YOU FIRST MEET JAMES BATH?

I met him when I graduated from Business School in nineteen seventy-eight. Came down to Houston on an interview.

AND WHAT KIND OF PERSON WAS HE?

I was actually recruited from, from Harvard Business School by Lan Bentsen, Senator Bentsen’s son. And he found that I was a Navy Fighter Pilot he said there was an Air Force Fighter Pilot in Houston that I should meet who the Bentsen family and the Bush family were already in business with. And he said that this fellow James R. Bath needed someone to run a series of real estate companies that would be grub stake by not only the political families but also by some foreign Nationals, the Saudis. And so I came down to an interview and met Jim.

SO, THE INTRODUCTION WAS MADE BECAUSE YOU HAD THE COMMON GROUND OF HAVING HAD BOTH BEEN PILOTS.

Exactly. We’re both fighter pilots.

CONTINUED...

http://bellaciao.org/en/article.php3?id_article=4391



Y'a see. This James R Bath fellah connects the Bush family to the Bentsen family to the Saudis -- he connects Big Oil to the bin Ladens. Bath is the link between the BFEE and Osama.
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AuntiBush Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 10:55 PM
Response to Original message
19. He's the "ANTI-CHRIST!"
Just my 2-cents.
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Karenina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 02:50 PM
Response to Reply #19
33. And Jesus is PISSED!

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 09:42 PM
Response to Reply #19
41. His father worships an owl.


David Gergen's and Bohemian Grove

In the clip, Alex encounters Ex-Clinton Presidential Advisor, David Gergen about his involvement in the occult ceremonies undertaken at the infamous Bohemian Grove. Watch Gergen's reaction go from amused to fearful to angry and Jones presses him about his participation in the "Cremation of Care" ritual.

SOURCE:

http://www.fathers.ca/david_gergen.htm

It's a real hoot.

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AuntiBush Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 10:56 PM
Response to Original message
21. We owe it to our children, grandchildren & He ROBBED our Social Security
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 09:48 PM
Response to Reply #21
42. Last on the list is changing TRUST FUNDS and ENDOWMENTS Law...
Then, instead of funding philanthropic organizations and good causes, the loot goes straight to BFEE pockets. Thanks to Fritzie Frisk and Tom DeLay, these turd billionaires can pass on their stash to the generation a-comin', death-tax free.

Ah. At the Bush household, their name is Legion.



It's gettin' to where there's nothin' left to steal.
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are_we_united_yet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-07-05 11:05 PM
Response to Original message
23. Number 25 is funny n/t
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 10:02 PM
Response to Reply #23
43. Yeah. If ya can't talk good, ya can't think good.


I want to thank all the teachers. I want to thank the superintendent.
I want to thank all the folks who care a lot about making sure the kids get educated here in this part of the world.

-- He just can't avoid using this phrase, Greece, New York, May 24, 2005

SOURCE:

http://www.dubyaspeak.com/freshdubya.phtml
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bobthedrummer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 08:32 AM
Response to Original message
25. Who ever heard of a democracy governed by a "shadow government"?
Edited on Wed Jun-08-05 08:32 AM by bobthedrummer
:mad: :puke: :argh: :grr: :cry: :patriot:

They should all be prosecuted, they have been penetrated by a foreign power too-that's treason.
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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 09:46 AM
Response to Reply #25
27. Democracy sold to highest bidder by a "shadow government".
"The people" are slow but sure to awaken from their slumber. Time is running out.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 10:11 PM
Response to Reply #25
44. Got news for ya, Bob. It isn't a democracy any more.
Wonder why the DEMs have no spine? They're afraid they're going to be left outside the safety domes when Chimpageddon comes.





Planning for Martial Law?

EXCERPT...

Critics complain that most Americans, including members of Congress, learned about the shadow government from the Post story, not from the Bush administration (and even the Post agreed to a White House request not to publish the locations of the shadow government bunkers, though their location has been widely reported elsewhere). Senate Majority Leader Tom Daschle, D-S.D., told reporters after the Post story came out that he was disturbed that he had been told of the secret government by the media instead of by the Bush administration.

"They're calling it a shadow government, but half the government was being viewed as the enemy," says Chris Simpson, an American University communications professor who has written several books on national security during the Reagan and Bush administrations. The fact that Bush's shadow government excluded not only members of the Democratic opposition, but the whole legislative branch, is not something intended by the original "continuity of government" scheme, Simpson notes.

"The authorities in those two locations are not career government employees; they are the assistant secretaries and undersecretaries of Cabinet departments. They're Bush's political appointees," Simpson adds. "And what are they doing? Not just sitting there waiting to be needed. They are planning the next phase of the Bush administration's anti-terror campaign."

And at one extreme, that includes planning for martial law, a scary term for the substitution of military forces for domestic police, and the invoking of special emergency laws, such as curfews, preventive detention and the like.

CONTINUED (Salon Subscription/DP)...

http://archive.salon.com/news/feature/2002/03/15/martial_law/index1.html



Does this even feel like America anymore?
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bobthedrummer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 09:35 AM
Response to Original message
26. George W. Bush aka The War President, has employed mercenaries
with our taxes, US Armed Forces have been abused and harmed by the actions of these mercenaries, US military was ordered to take reprisals for mercenaries, mercenaries have made the world hostile to Americans now.

These folks are fascists.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 10:18 PM
Response to Reply #26
45. They hijacked the Pentagon.


And the Pentagon knows it.
All they got to do is prove it.
That's why what DU does is so important.

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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 10:17 AM
Response to Original message
28. Billions, even trillions of taxpayer dough gone missing via Pentagon.
Does anyone believe that kind of money just,..."disappears"?

HEY, RUMMY!!! WHERE'S THE MONEY!!!!
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 10:30 PM
Response to Reply #28
47. BFEE Trillions in Switzerland.
And Trillions more on its way there...



That's where the money is.



Tiny Nations Home To Trillions

Christian Science Monitor) This story was written by David R. Francis.

Although they have only 1 percent of the world's inhabitants, they hold a quarter of United States stocks and nearly a third of all the globe's assets.

They're tax havens: 70 mostly tiny nations that offer no-tax or low-tax status to the wealthy so they can stash their money. Usually, the process is so secret that it draws little attention. But the sums - and lost tax revenues - are growing so large that the havens are getting new and unaccustomed scrutiny.

For example: When London's Tax Justice Network (TJN) reported a month ago that rich individuals worldwide had stashed $11.5 trillion of their assets in tax havens, it caused a fuss in Europe. "Super-rich hide trillions offshore," blazed a British newspaper headline.

Although that report received little notice outside Europe, there are rumblings of concern in the United States. That's not surprising. Nations lose an estimated $255 billion in tax revenues a year because of the havens, according to TJN. The US alone probably loses $60 billion a year, a tax expert estimates.

The loss hits not only prosperous industrial countries, but also developing nations. As a result, dozens of church groups and other nongovernmental organizations concerned with world poverty are joining tax reformers in what will probably become a major political battle. They aim to stem the outflow of money from poor nations into tax havens - an outpouring that may exceed today's global foreign aid of some $60 billion a year.

CONTINUED...

http://www.cbsnews.com/stories/2005/04/25/world/main690492.shtml

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 08:37 AM
Response to Reply #47
48. Where the rich stash their cash
Almost forgot the big money...





Where the rich stash their cash

Nick Mathiason on a new study that reveals the amazing wealth the super-rich hold in offshore tax havens - depriving governments of hundreds of billions of dollars - and the looming crackdown by the world's tax collectors

Sunday March 27, 2005
The Observer

Rupert Murdoch last week floated his family's £3.8 billion personal investment company in Bermuda - saving himself £522 million in taxes.

Bermuda was chosen because the media tycoon, who chairs News Corporation, wanted to avoid the taxman after his firm changed domicile from Australia to the United States recently. Just prior to the Bermuda float, Murdoch bought a 20-room, three-floor residence opposite Central Park in Manhattan for £22m. Days later he bought a house in Beijing.

Lakshmi Mittal, the Indian-born, Labour-donor industrial magnate, is the world's third richest man, according to Forbes. Worth £13bn, he spent £57m on a 12-bedroom London home next to Kensington Palace and could afford to spend £31m on his daughter's wedding in Paris, which included a sparkling performance by Kylie Minogue. Under UK tax laws, he remains exempt from paying a heavy tax bill by saying his primary residence is overseas. Capital gains tax on UK assets can also be also avoided by holding them in a foreign company or trust.

The business empire of retail billionaire Philip Green is mostly held in the name of his wife, Tina, who is resident in Monaco. Taveta Investments, the vehicle used to acquire Arcadia in 2002, paid out a hefty £460m to its owner last year. Green, who spends much of his time in Britain, would have been landed with a £150m tax bill if he owned Taveta; as it is held by his wife, a minuscule amount of tax is due.

These three examples demonstrate one essential fact: the rich can afford to minimise their tax bills, while the rest of us have to stump up. This weekend The Observer can exclusively reveal that the world's richest people are hiding an astonishing $11.5 trillion in tax havens.

For the first time, research has pieced together the amount of wealth held in low-tax environments. The annual income that these assets earn totals $860bn. But what is sure to concern government treasuries the world over is that the taxable income on $11.5tn could exceed $255bn.

CONTINUED...

http://observer.guardian.co.uk/business/story/0,6903,1446130,00.html

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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 11:17 AM
Response to Original message
29. Intentional destruction of competitive market: concentrates power!
They manipulate facts about the market/economy and concentrate power into the hands of fewer and fewer folks, ON PURPOSE.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-09-05 08:41 AM
Response to Reply #29
49. The New Feudalism


They want to transform the United States into New Haiti.

It's an old model: One-percent owns 99-percent of the wealth.

In the New USA, guess who'd be on top?


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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 11:55 AM
Response to Original message
30. Sneaking taxpayer funding of corporate criminals in legislation.
By hook or crook!!!
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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 02:30 PM
Response to Original message
32. Kicking for others' contributions to the long list of impeachable offenses
:kick:
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bobthedrummer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 03:17 PM
Response to Original message
34. Impeachment kick.
:dem::kick:
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LightningFlash Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 08:41 PM
Response to Original message
37. He's a stooge for Dick Cheney.
Cheney needs to be behind bars for at least 20 years, the cultist clan with him and PNAC.
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Independent_Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 10:19 PM
Response to Original message
46. Impeach! Hell yeah!
www.recallthecongress.com

Recall the Congress!

Dismantle the PNAC!

Impeach Bush and Cheney!

Do it now! For our country's future. For our children's future. For our grandchildren's future.
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