Stimulus plans and WTO warnings 2.10.09

WTO Chief Warns of Looming Political Unrest

By AFP

The global economic crisis could trigger political unrest equal to that seen during the 1930s, the head of the World Trade Organization (WTO) said in a German newspaper interview Saturday. #

~"Warns" of it? They're banking on it! jc~

~:~

The Farts Of Compromise: Hacking The Stimulus

By Danny Schechter

"Last month, another 600,000 Americans lost their jobs," Mr. Obama said. "That is the single worst month of job loss in 35 years. The Department of Labor also adjusted their job loss numbers for 2008 upwards, and now report that we have lost 3.6 million jobs since this recession began." #


In case you missed it, the Senate version of the stimulus package passed this afternoon (61 to 37) with 3 Republicans riding on its coat tails...Susan Collins, Olympia Snowe, and Arlen Specter. Secret meetings and conference calls have already occurred but officially the Conference Committee is tasked with melding the House and Senate versions into one passable bill.

All this is occurring while Mercury, Rx at the Inauguration, traverses his 'shadow period' until leaving his own shadow and making his way forward early next week, in time for a signing under TV's limelight, I'll wager.

And so, as George Harrison once said, "I'd be quite prepared for that eventuality."

Yet here is Paul Krugman telling which of the badly needed provisions - for the most needy, of course were gutted from the bill.

But you know those Republicans - they'd resign from Congress before they'd feed a hungry child whose mama needed...gasp!...Food Stamps!

(Just kidding - of course they wouldn't resign. And they do know the money belongs to all taxpaying Americans, right? After all, we're the ones who pay. They're the ones who forget to pay.)