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Rachel Maddow exposes the BIG MONEY behind the “grassroots” anti-healthcare protests
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I was having dinner at my friend Dave’s house and caught this segment that Rachel Maddow did exposing men and money who represent themselves as “average Americans”.

“Maddow:  This is what these groups do. They’re experts at fake grass roots campaigns that promote corporate interests. Americans for Prosperity is the group that ginned up anti-stimulus rallies earlier this year. They also organized what they called the “Hot Air Tour” to campaign against the whole idea of global warming. They were the ones who sent Joe the Plumber around the country to rail against the Employee Free Choice Act, which is pro-labor legislation.

This oil industry and Republican operative billionaires club is according to the Republican party spokesman today, just average middle class Americans. Just regular American folks sitting around the kitchen table thinking about whether they can get away with saying that the government, continuing its long standing policy of encouraging living wills, is really a secret plot to kill old people.

One other thing about Americans for Prosperity, their most visible spokesman, is a man named Tim Phillips. He is the President of the organization and we’ve asked him to come on the show to talk with us about the group. Tim Phillips got his start in fake grass roots with a firm called Century Strategies, run by Ralph Reed. Century Strategies is famous for having duped Christian groups into lobbying for energy deregulation. You know, like the Bible said.

They were doing that at the behest of Century Strategies’ client, Enron. Tim Phillips and Ralph Reed were later made even more famous in the Jack Abramoff scandal, for duping Christian groups into lobbying against gambling. But only in areas where these guys happened to have competing gambling interests as clients.

These guys are the pros. This is an industry. Americans are showing up at these events to shout down the discussion, to chase their Congressmen, and they are enraged. And they’re enraged at least in part because they’re being riled up by over the top, fabricated conspiracy theories about health care. And they’re being directed and orchestrated by the corporate interests that do this for a living and do it very well.

RecessRally.com is not some organic outgrowth of American anger. This is how corporate America creates the illusion of a grass roots movement to support their own interests. This is what they do. They are professionals. This is an industry.

To talk about these town hall events as some organic outpouring of average American folks who have concerns about health care is to be willfully blind to what is really going on, which is professional P.R. operatives generating exploitative, manufactured, strategically deployed outrage in order to line their own pocket.

These P.R. spin misters get paid a lot of money for doing it. The corporations they work for get to kill legislation that would hurt their profits. And the real people who they launch into these town hall settings after they’re told that health care reform is a secret commie plot to kill old people and to mandate sex changes, those real people get more, and more, and more and more angry, and more, and more, and more alienated, and ultimately they get left, like the rest of us, with a health care system that is broken and doesn’t work in the interest of the American people, but does work in the interest of the corporations that profit from the way the system is now.

This is professional, corporate funded Republican staffed P.R., and it should be reported as such.”

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Blog goes over Obama Health Care Bill (ObamaCare) Criticisms Line by Line
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Very informative and enlightening blog that takes the majority of the right-wing “conservative” criticisms (that are funded by the insurance lobby) and compares them to the actual wording of the current health care proposals before congress.  Not an easy read but well worth it…

Please Cut the Crap!: Deconstructing the Right Wing Lies on the Health Insurance Bill — Pages 1-500.

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Econophysicist Predicts Date of Chinese Stock Market Collapse. Please panic in 5, 4, 3, 2…
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According to  Didier Sornette at the Swiss Federal Institute of Technology (sounds a lot like Devry, huh?) the Shanghai Composite stock-market index is showing the telltale signs of a bubble, and this bubble will burst between July 17 and 27.

Didier Sornette has pioneered the study of market bubbles. Last year, he used his method for spotting bubbles to reveal that oil prices where dangerously inflated.

via Technology Review: Blogs: arXiv blog: Econophysicist Predicts Date of Chinese Stock Market Collapse.

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Two Japanese smugglers caught with $134bn in US state bonds? $134 BILLION?
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Two Japanese men are caught getting on a train into Switzerland.   In their possession:  United States Bonds in the amount of $134 billion dollars.

Initial reports were that they were agents of the Japanese finance ministry, making a surreptitious journey into Switzerland to sell off one small chunk of the massive mountain of US bonds stacked up in the Japanese Treasury vaults.

How on earth did these two men come to be there?  And what does this say about the security and value of currency?

Is this the death of the dollar? – Telegraph.

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“If a Starbucks closed before I visited, I would lose another piece of my soul.” I think we all just did.
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In 2004, Starbucks had about 8,500 stores world-wide. By last year it had almost twice that many. Then the company started shutting stores — first announcing 100 closures, then another 500 last July, and 300 more early this year. To the inconvenience of a certain committed patron, named Winter, the chain doesn’t disclose which stores are doomed until shortly before they close.

Winter says he spends about 25% of his earnings, and three months of travel a year, on coffee runs to Starbucks.

Perhaps he should try a refreshing Crangerale, and always ask for it by name.

A Fan Hits a Roadblock on Drive to See Every Starbucks – WSJ.com.

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Catchphrase of the week…”Going Galt”
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Critics of Obama’s tax and bailout plans are now “Going Galt”.  What does this mean?   Apparently it doesn’t involve inventing perpetual motion.

“I do some consulting on the side and the taxation on that income is unbelievable,”wrote one reader to Michelle Malkin. “So, to heck with this. I’m ‘going Galt’ on my consulting.” “I’m considering moving to a small family farm in a foreign country,”

The Washington Independent » Battling Obama by ‘Going Galt’.

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The Giant Pool of Money – Financial Crisis for Beginners
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I saw Alan Greenspan admit that he doesn’t fully understand what’s going on in the markets.   If Greenie is bailing out on us, we’re in BIG trouble, so in between learning new songs, I’m trying to wrap my mind around this economy.

Here’s a good place to start…This American Life Podcast.

A special program about the housing crisis produced in a special collaboration with NPR News.  What does the housing crisis have to do with the turmoil on Wall Street?  Why did banks make half-million dollar loans to people without jobs or income? And why is everyone talking so much about the 1930s? It all comes back to the Giant Pool of Money.

http://www.thislife.org/Radio_Episode.aspx?episode=355