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  June 27, 2004


NIIP
It seems hardly a week goes by without another astounding revelation of the Bush Regime's agenda to intervene without limit into the lives of Americans, and everyone in the world, to further its right-wing, psychopathic agenda. Here's the latest grim news:

Bush plans to screen all Americans for 'mental illness': As reported in the British Medical Journal, under another Orwellian program entitled, in Bush Newspeak, 'The New Freedom Initiative', Bush wants all Americans, including pre-school children, to be examined by armies of psychiatrists and those showing signs of potential "disruptive or aggressive behaviours and emotional disorders", and treated with a range of new, expensive antidepressants and antipsychotic drugs available exclusively from -- surprise! -- pharmaceutical companies that have contributed three times as much to Bush as to Kerry. This is a flagrant invasion of government into the private medical histories and choices of Americans -- Big Brother doping up American children. The plan, developed in Texas, has been decried there as a massive payoff to the drug companies, and this new initiative makes it a national program. An executive who blew the whistle on kickbacks from pharma companies to the Texas legislators was fired for his indiscretion, the BMJ reports.

More foreign journalists terrorized, deported by US Customs: The Guardian tells the increasingly common story of harassment, detention and intimidation of British and other 'friendly nation' journalists when they attempt to enter the US. Although this treatment is mild compared to the now-routine despicable, arbitrary and sometimes lethal abuse that people born in the third world face at the US border, it is evidence that the megalomanic and paranoid Homeland Security brownshirts are now treating every non-American, and every American with a foreign-sounding name or appearance as an enemy of the state, and treating them accordingly. It's a government-run hate factory run amok.

In other depressing and under-reported US news:

Balance of payments debt reaches another record: A statistic watched closely by economists, but not really understood by the media, is the Net International Investment Position (NIIP), the cumulative total of foreign investment and trade deficits. The Center for American Progress analyzes the unprecedented degree to which the US, and global, economy depends on willingness of the US's trade partners to continue to finance the US's insatiable demand for foreign goods and services, especially in the increasingly weak US dollar. See my earlier articles for the explanation of the danger. But take a look at the chart above to see how far it's gone, surpassing $2.5 trillion dollars, a fourth of the entire US economy, last year. Imagine what would happen if the foreign creditors get nervous and decide to call in their debt, or at least denominate it in some other currency. Imagine what will happen when interest rates spike, and the interest on this debt alone suddenly exceeds the lenders' ability to repay it without slashing domestic spending and massively increasing taxes. That's exactly what happened to Argentina, and to the Asian 'tiger' economies. Except this time, the bankrupt debtors will take the creditors with them.

Heard the latest about anthrax?: There has been surprisingly little blather from the Bush machine about the recent revelations (in the 9/11 report etc.) that Al Qaeda has planned, and still plans, an anthrax-based bioweapons attack on US soil. The group claiming responsibility for the Madrid bombings said that Operation "Winds of Black Death", involving a planned attack on the United States, was 90% complete. Attorney General Ashcroft has described the statement as coming from an Al Qaeda spokesman. But while senior government and all military personnel now get the (still risky and somewhat unreliable) anthrax vaccine, plans to administer or at least stock vaccine for all Americans appears to have been abandoned. So while Homeland Security wastes time (and America's reputation) harassing harmless foreigners and torturing Iraqi inmates, this real threat to Americans' security is ignored. It's almost enough to make you think they are perversely hoping for another 9/11, or worse, to get re-elected.

Scary stuff. Michael Moore and Ralph Nader were both up in Canada this week urging Canadians not to make the same mistake as Americans by electing a Conservative government here on Monday. As I've reported already, even if the Conservatives get a plurality they won't be able to forge a lasting governing coalition. Michael and Ralph have their work cut out for them in their own country, however. I'll have more to say about both of them next week.

1:23:28 PM  trackback []  comment []


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