Note: although Jennifer is a featured writer here on Dandelion Salad she wrote this piece for another website as an exclusive, so you’ll have to read the rest of the article there. Thanks, Lo
by Jennifer Fenton
The WIP Contributors
October 28, 2008
Imagine what would happen if the nations of the world spent as much on development as on building machines of war. Imagine a world where every human being would live in freedom and dignity. Imagine a world in which we would shed the same tears when a child dies in Darfur or Vancouver. Imagine a world where we would settle our differences through diplomacy and dialogue and not through bombs or bullets. Imagine if the only nuclear weapons remaining were the relics in our museums. Imagine the legacy we could leave to our children. Imagine that such a world is within our grasp. – Mohamed ElBaradei (2005), Director General of the International Atomic Energy Agency
Garnering national attention, peace activist Cindy Sheehan is now running for office against incumbent Democrat Nancy Pelosi in California’s 8th Congressional district. Cindy promised the House Speaker that if impeachment proceedings against George W. Bush did not start when Pelosi took control of the House last year, she would run against her in the next election.
“She betrayed her Democratic base”
Cindy says she made the decision to run for office because “Not only has [Nancy Pelosi] betrayed her Democratic base, but she has betrayed the Constitution and she has betrayed the country.” Many critics of House Speaker Pelosi have said that when she took impeachment off the table, she took democracy off the table. “She has taken away our right to privacy, she has betrayed the Fourth Amendment by giving George Bush and the telecom company’s immunity, she continues to fund both wars…she went in saying ‘no blank checks’ and every single time she has given [Bush] a blank check. Instead of taking her power as Speaker and her power in the House of Representatives and cutting off funding, she has continued to fund the war. She has violated her constitutional oath to protect and defend the constitution from all enemies foreign and domestic.”
The WIP Contributors
Donate to Cindy for Congress
The vicious attacks are starting again by Cindy Sheehan
“Small People” – Bailing Out Wall Street by Selling out Main Street By Cindy Sheehan
Jennifer – Myspace
by Josh Sidman
Josh’s Blog Post
Oct. 29, 2008
In 1994 I had the opportunity to have dinner one-on-one with the current CEO of Citigroup, Vikram Pandit. At the time I was employed as a trader in the Japanese equity derivatives department at Morgan Stanley, which Mr. Pandit oversaw. He struck me as a decent, thoughtful, ego-free person. Given that he is now a central player in crafting the changes that are occurring in the financial markets, I wanted to share my thoughts with him on the proposed reforms. It is my belief that all of the measures currently under consideration miss the most important aspect of the overall picture — i.e. the role of money. It is my hope that someone in a position like Mr. Pandit’s might promote the argument that the reforms currently under consideration are inadequate and that if we fail to address the fundamental problems with money itself we will at best accomplish a temporary fix for our problems.
Following is the text of the letter:
Oct. 29, 2008
I know that your time these days is subject to intense demands, so I don’t expect that you will necessarily have the time to read (much less respond to) this letter. That being said, I have spent a good deal of time over the past several years thinking about issues of monetary economics, and I have some thoughts which are relevant to the current crisis.
As I watch the unfolding drama of the attempt to save the financial system, I can’t help but despair that all of the proposed reforms ignore the most fundamental cause of our problems. We can (and should) update our regulatory framework, improve transparency, etc., but unless we address the heart of the matter – i.e. the nature of money itself – we will only be instituting a temporary fix for a perpetual problem. It will always be the case that in the aftermath of a crisis there is outcry for reform and regulation, but as the memory of a crisis recedes, the pursuit of profit inevitably overwhelms the abilities and resources of the regulators. New abuses arise which eventually lead to the next crisis.