Bush says U.S. not in a recession
By Ben Feller, April 22, 2008
NEW ORLEANS (AP) — President Bush, replying to criticism from Democratic presidential candidates, said today that “now is not the time to renegotiate … or walk away from” the North American Free Trade Agreement. He also denied the U.S. was in a recession, calling it a slowdown instead.
Asked about the state of the U.S. economy, Bush said: “We’re not in a recession. We are in a slowdown.” MORE
President Bush was correct - we are not in a “recession”, but plunging headlong into another “Great Depression”, one that appears to have been manufactured by the Bush administration to increase corporate profits at the expense of millions of lives throughout the global community and one that is now beginning to affect nearly every segment of the American population except the wealthy, the only people this President appears to care about!
Stephen Lendman, In a brilliant Op-Ed, has unmasked this carnage that Bush and corporate America have unleashed upon the American consumer and the global community, and as you examine his truly astute observations, as usual, it’s corporate America increasing their profits that are behind the current food crisis:
Hunger Plagues Haiti and the World
Holt-Gimenez sees agrofuels as a “genetic Trojan horse” that’s letting agribusiness giants like Monsanto “colonize both our fuel and food system,” do little to offset a growing demand for oil, reap huge profits from the scheme, get them at taxpayers’ expense, and that’s exactly what’s happening with Big Oil in on it, too, as a way to diversify through large biofuel investments. More on this below.- Advertisement -
The Ghost of Henry Kissinger
Kissinger made a chilling 1970 comment that explains a lot about what’s happening now - “Control oil and you control nations; control food and you control the people.” Combine it with unchallengeable military power and you control everything, and Kissinger likely said that, too.
He said plenty more in his classified 1974 memo on a secret project called National Security Study Memorandum 200 (NSSM 200) for a “world population plan of action” for drastic global population control. He meant reducing it by hundreds of millions, using food as a weapon, and overall reorganizing the global food market to destroy family farms and replace them with (agribusiness-run) factory ones. It’s been ongoing for decades, backed since January 1995 by WTO muscle, and characterized now by huge agribusiness giants with monstrous vertically integrated powers over the food we eat - from research labs to plantings to processing to the supermarket and other food outlet shelves around the world.
But it’s even worse than that. Today, five agribusiness behemoths, with little fanfare and enormous government backing, plan big at our expense - to control the world’s food supply by making it all genetically engineered with biofuels one part of a larger scheme.
By diverting crops for fuel, prices have exploded, and five “Ag biotech” giants are exploiting it - Monsanto, DuPont, Dow Agrisciences, Syngenta and Bayer CropScience AG. Their solution - make all crops GMO, tout it as a way to increase output and reduce costs, and claim it’s the solution to today’s soaring prices and world hunger.- Advertisement -
In fact, agribusiness power raises prices, controls output to keep them high, and the main factor behind today’s situation is the conversion of US farmland to biofuel factories. With less crop output for food and world demand for it growing, prices are rising, and rampant commodity speculation exacerbates the problem with traders profiting hugely and loving it. It’s another part of the multi-decade wealth transfer scheme from the world’s majority to the elite few. While the trend continues, its momentum is self-sustaining, and it works because governments back it. They subsidize the problem, keep regulations loose, give business free reign, and maintain that markets work best so let them. MUCH MORE If you desire to understand the current food crisis, this is a MUST READ Op-Ed that unmasks those who seek to dominate and control the world using food as a weapon!
Californians are now facing limited food rationing, and this is only the beginning:
Food Rationing Confronts Breadbasket of the World