Why Are You Bowing To Me???

Aide Denies Obama Bowed to Saudi King - That is an outright lie!

from Politico.com
by Ben Smith
April 8, 2009

The White House is denying that the president bowed to King Abdullah of Saudi Arabia at a G-20 meeting in London, a scene that drew criticism on the right and praise from some Arab outlets.

"It wasn't a bow. He grasped his hand with two hands, and he's taller than King Abdullah," said an Obama aide, who spoke on the condition of anonymity.

BS - start watching at about 50 seconds - this comment explains exactly what happened:

That was a bow...and an outright lie from the White House if they are denying it was... They say he was shaking hands with 2 hands...but he didn't extend his second hand until he was fully upright again, you can see his second hand at his waist level. A total lie from the White House!!!

Posted By: Sean April 08, 2009 at 04:16 PM

The Washington Times called the alleged bow a "shocking display of fealty to a foreign potentate" and said it violated centuries of American tradition of not deferring to royalty. The Weekly Standard, meanwhile, noted that American protocol apparently rules out bowing, or at least it reportedly did on the occasion of a Clinton "near-bow" to the emperor of Japan.

Interestingly, a columnist in the Saudi-backed Arabic paper Asharq Alawsat also took the gesture as a bow and appreciated the move.

"Obama wished to demonstrate his respect and appreciation of the personality of King Abdullah Bin Abdulaziz, who has made one of the most important calls in the modern era, namely the call for inter-faith and inter-cultural dialogue to defuse the hatred, conflict and wars," wrote the columnist, Muhammah Diyab.

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A crisis Obama won't waste

April 8, 2009
By Dick Morris & Eileen Mc Gann
from The Jewish World Review.com

This economic crisis is too useful for Obama to want it to end. When Rahm Emanuel — and later Hillary Clinton — spoke of never letting a good crisis "go to waste," many people were shocked. But now Obama seems to embody the corollary: that the crisis should continue until he has thoroughly milked it to reshape American politics, society and the economy. Like Faust, he seems to wish that this "given moment" will "endure forever." Unlike Faust, however, he will not lose his "life and soul" to such a wish. He'll sacrifice ours instead.

First came the "stimulus package." With only about $185 billion of its $800 billion in spending to be spent in 2009, Obama clearly never intended the spending to be about stimulus but wanted the need for a stimulus to trigger the spending he wanted anyway.

Then came the Troubled Asset Relief Program (TARP) funding, often forced down banks' throats. Now comes word that even as banks want to return the money, the Treasury is making them keep it. One source at a TARP bank reports that Treasury Secretary Timothy Geithner is insisting that banks go through their "stress test" before refunding the TARP money. As Stuart Varney speculates, in The Wall Street Journal, Obama wants the banks to keep the money so he can enforce his regulations on them.

Now comes Geithner's plea for extra regulatory powers and Obama's concession to global economic regulation at the G-20 summit. Both moves are game-changers for any major American business. Geithner wants the power to take over any business — presumably in any field — whose failure would imperil the national economy. Today it's banks, brokerage houses, car companies and insurance firms. Tomorrow? Who knows?

And Obama agreed to agree on international "high standards" for the regulation of all "systemically important" companies to be promulgated by the new global Financial Stability Board (FSB). The United States, occupying one of 20 chairs on the FSB board (21 if we count the EU), will come to a consensus with other central bankers from the G-20 nations on what these regulations should say. Then the Securities and Exchange Commission, the Federal Reserve and the other regulatory arms of the U.S. government will impose them on our economy.

(Some have objected that Congress needs to be consulted, but as long as the agreements are "voluntary" and the U.S. agencies are merely "asked" to impose the regulations, no further grant of congressional authority is needed. But, of course, there will be nothing voluntary about the administration's demand that the agencies implement the coming FSB directives, no matter how intrusive they may be.)

And, finally, there is Obama's delegation of a total overhaul of the tax code to a commission headed by Paul Volcker with a mandate to report back in December of this year.

So with the tax code totally changing, Europe about to formulate regulations for our economy, the U.S. government empowered to take over any large company, the deficit and spending reaching unbelievable levels and the feds insisting on continued control of banks, what businessman in his right mind is going to invest in anything? How could even the most foolish optimist pull the trigger on a business investment without knowing the tax consequences, the regulatory framework and the policy of the banks on lending?

But Obama knows all this. He knows that his steps will delay economic recovery. But he wants these changes, not as means to an end, but as the end itself. And he is determined to get them passed and set in stone while the rubric of "crisis" justifies his doing so.

He is not unlike a leader who takes his country into war, knowing that by "wagging the dog" he can reinforce his power.

But ultimately, does Obama care if he is reelected? Doesn't he know that he needs a good economy to extend his mandate to eight years? Yes, of course he does. But he probably figures that he can turn the economy around as Election Day 2012 draws nearer and reap all the credit then. In the meantime, no good crisis should ever go to waste.

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Brown and Obama deny G20 splits as protesters scuffle with police

Anti-capitalist protesters scuffled with police outside the Bank of England today as Gordon Brown received a series of world leaders in Downing Street to prepare for tomorrow's G20 summit.

First up was Barack Obama, making his first trip outside North America since his inauguration, The US President and his wife, Michelle, received a rare round of applause from staff at No 10 as they arrived for a breakfast meeting this morning.

Mr Obama's outsized motorcade was just the first in a series of armoured convoys due to pass through the Downing Street gates. The Prime Minister was also holding talks with President Medvedev of Russia, President Hu of China, the Indian Prime Minister, Manmohan Singh and Taro Aso, Prime Minister of Japan.

But the two leaders who most threaten to upset Mr Brown's plans for the G20 are not due at No 10 until this evening when all the G20 heads of state and government meet for a pre-summit dinner.

Mr Sarkozy and Angela Merkel, the German Chancellor, have already scuppered UK attempts to have the meeting endorse a massive and coordinated fiscal stimulus. They are now pushing for the summit to make clear progress on tighter regulation of financial markets to replace the "light-touch" Anglo-Saxon model blamed for the current crisis.

Asked on Europe 1 this morning about a Times report that he would be prepared to walk out of the summit if he does not agree with its conclusions, Mr Sarkozy replied: "I will not associate myself with a summit that would end with a communiqué made of false compromises that would not tackle the issues that concern us."

He went on: "As of today, there is no firm agreement in place. The conversation is going forward, there are projects on the table. As things stand at the moment, these projects do not suit France or Germany."

At a joint press conference with Mr Brown, Mr Obama denied that there was any real disagreement on the need for governments to boost their economies, just normal discussions as to how best to do it.

"The truth is that that's just arguing at the margins," he said. "The core notion that government has to take some steps to deal with a contracting market place and to restore growth is not in dispute."

Mr Brown also did his best to laugh off Mr Sarkozy's walk-out threat. "I'm confident that President Sarkozy will be here not just for the first course of our dinner but will still be here when we complete our dinner this evening," he said.

The Metropolitan Police said that around 4,000 protesters had gathered in the City for a protest outside the Bank of England and a "Meltdown Carnival" headlined by the left-wing rock singer Billy Bragg.

Mixing in with them were City workers who had deliberately "dressed down" – on police advice – to avoid being the targets of protesters.

In clear spring sunshine, the protests were initially good-natured, but isolated scuffles soon saw police retreat behind their barriers. By 1pm, the violence was worsening, with police using their batons to push back the crowds.

Even before the protest began, 11 people were arrested as they drove an armoured personnel carrier - painted blue with the words "riot police" in capital letters – towards Bishopsgate. All 11 were arrested for being in possession of police uniforms.

More than 30 forces have provided specialist officers for the days around the summit when there will be unprecedented levels of protests and 40 diplomatic delegations requiring security.

While hopes of a new co-ordinated international stimulus of the world economy have faded, negotiations are proceeding on rules to curb excessive bonuses, control tax havens, extend regulation to hedge funds, introduce greater co-operation between national regulators and draw up fresh mechanisms to stop protectionism.

The summit at the ExCeL centre in Docklands comes as the World Bank said that the global economy would shrink by 1.7 per cent this year and the Organisation for Economic Co-operation and Development predicted a 2.7 per cent contraction, the worst since the Second World War.

But while Mr Brown pointed out that G20 governments had already agreed fiscal stimulus packages totalling more than $2 trillion, Mr Obama warned that the rest of the world could not simply rely on "voracious" American consumers to drive the global recovery.

"If there is to be new growth, it cannot just be the United States as the engine," he said. "Everyone is going to have to pick up the pace."

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G20 Protests turn violent

Protesters break into RBS building

from the Times Online

April 1, 2009

Anti-capitalist protesters are believed to have broken into a branch of the Royal Bank of Scotland in the centre of London today after smashing windows with a volley of missiles.

With police on horseback unable to maintain control and being forced back, a series of windows at the building were broken, graffiti was daubed on the walls and there were reports that some protesters had broken into the branch.

Hundreds of protesters were seen to converge on the bank, on the corner of Threadneedle Street and Bartholomew Lane, as a total of 4,000 demonstrated outside the Bank of England nearby.

As police on horseback and in riot gear proved unable to protect the building, which was thought to be empty, officers with dogs charged at the crowd in an attempt to force them back. The crowd were heard to chant: "Shame on you" as officers drove them away from the door.

With the demonstrations - carried out by a combination of anarchists, anti-war protesters, environmentalists and others - rapidly heating up, Scotland Yard said cordons had been put up all around the surrounding area in response to "increasing levels of violence". The marchers had made their way to the bank using four different routes - from Moorgate, Cannon Street, Liverpool Street and London Bridge.

A Met Police spokesman said: "There have been a number of missiles thrown at officers and a number of surges at the police cordons, and increasing levels of violence towards police. Cordons have been put in place to maintain safety and control the crowd."

Police confirmed earlier that 11 people had been arrested for impersonating police officers as they travelled towards Bishopsgate in uniform in a fake armoured personnel carrier.

Their vehicle was escorted to Wapping, in east London, where it was taken off the road and later driven away by a police officer.

Speaking to The Times as the van was being driven away, a protester calling himself Greenman said he organised the stunt along with other members of a group calling itself Spacehijackers.

He said it was designed to highlight how Britain was increasingly becoming a police state.

"Terrorism laws are always encroaching on our freedoms and discouraging dissent," he said.

At the Bank of England, marchers confronted police standing on the building's steps. Several police helmets were grabbed and thrown in the air as dozens of protesters surged forward and forced officers to retreat on to higher plinths at the base of the building.

A red smoke canister was set off, leaving at least one officer covered in bright red powder.

One senior officer was overheard telling colleagues to watch out for people with paint spray cans attempting to write on their backs. Many protesters were dressed colourfully, and claimed that they represented a host of causes.

Among them were campaigners from War on Want, who carried a giant toy canary on a stretcher after setting off from Moorgate station for the Bank of England. Attached to the makeshift stretcher was a placard which read "RIP Canary Wharf 1990-2009". It also listed banks including RBS, HSBC, NatWest, Abbey and LloydsTSB.

Many of the protesters chanted as they walked towards the Bank of England. Chants included "Revolution" and "Palestine will be free".

Other demonstrators, carrying placards such as "Bring on decent decision making" and "0% interest in others", then began to make their way to the Bank of England.

Several individuals, some wearing masks and hoods to cover their faces, were involved in minor scuffles with officers as they were shepherded onwards.

Among those spotted among the crowd was the comedian Russell Brand, who said he was accompanying the marchers because he was interested to see why the protest was taking place.

As the demonstrations kicked into gear, many City workers reported for duty dressed down or in jeans, attempting to avoid any trouble

Jeremy Batstone-Carr, head of research at stockbrokers Charles Stanley, based in the heart of the City, said they were "preparing for the worst, but hoping for the best".

His firm has extra security on the door, while workers were "aggressively" dressed down.

"It’s a strange atmosphere around the City and everyone seems somewhat apprehensive - everyone that should be in the office is in, but we’re not taking any chances," he said.

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G20 Protesters - David vs Goliath - Capitalism vs Socialism

Brave dissenters at the G20 anti-capitalist orgy
By Michelle Malkin
March 31, 2009

This is heartening: A small band of rational students is standing up to the G20 anarchist mob in defense of free markets.
Godspeed!


Capitalist-David rally versus Goliath-protests for Socialism
by Michelle Minton
March 31, 2009

During the G20 summit something like 40,000 plus protesters slated to descend upon London. Of that number, there is a small but growing and prodigiously brave group of idealists planning to throw their message and bodies into the breach. They are not there to demand government action against climate change, stricter business regulations, nor are they requesting money for the poor, hungry, or infirm. Their message is simple, but profound: Get out of our way.

This small band, comprised mostly of university students and recent graduates wants only to communicate the message to the world that capitalism is not to blame for the current economic crisis. In fact, they want people to know that interventionist policies are what got us into the mess in the first place and increased state intervention is unacceptable.

“The point must be made, essentially, that we do not live in a Capitalist system and certainly not a Laissez-Faire Capitalist system. The sectors of the economy that failed were the most regulated sectors of a ‘mixed-economy’,” said Rory Hodgson, University of York student and protest organizer.

Perhaps because those still in university and recent graduates have the most to lose that they are willing to risk physical harm in order to oppose the ever-tightening choke-hold the government has on the economy. But we should all be as worried about the future and willing to fight the increasing anti-capitalist sentiment and the vulnerability of individual liberty.
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