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- David Cay Johnston Tells Journalists to Question Financial Bailout
  Posted by Jeff from Poynter
  In covering the proposed $700 billion bailout of Wall Street don't repeat the failed lapdog practices that so damaged our reputations in the rush to war in Iraq and the adoption of the Patriot Act. Don't assume that Congress must act instantly, as so many news stories state as if it was an immutable fact. The Administration has scared the markets and some key legislative leaders, but it has not laid out a coherent, specific and compelling need for this enormous proposal, which is the equivalent of a one-time 55 percent income tax surcharge. (Instead the money will be borrowed, so ask from whom and how this much can be raised so quickly if the credit markets are nearly seized up with fear.) Ask this question -- are the credit markets really about to seize up?
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- Media stars back ad for BBC man
  Posted by Jeff from BBC News
  The move comes three weeks to the day that Mr Johnston, 44, disappeared. Palestinian journalists plan a rally and a boycott in coverage of government activities to press for his release. The BBC has had no contact since 12 March with Mr Johnston, who has lived and worked in Gaza for the past three years. He is widely believed to have been kidnapped, but no demands have been made public.
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akinsalawu comments on:
David Cay Johnston Tells Journalists to Question Financial Bailout

http://takingnote.tcf.org/2008/10/moral-hazards-o.html#more

Reply »
12:36 pm 10/10/08
musocial comments on:
David Cay Johnston Tells Journalists to Question Financial Bailout

It is all to go to hell,it is all the government stratage,they delight and never suerring the miserableness,the casualty is civilians, it need a new world , new party and new policy,I hope the new world to come.

Reply »
12:49 am 9/25/08
probusinessreviews comments on:
David Cay Johnston Tells Journalists to Question Financial Bailout

question the proposal? hell yes we should. we should take time on this to ensure the administration doesn’t make another costly and foolish mistake.

Reply »
1:38 pm 9/24/08
thaimat comments on:
David Cay Johnston Tells Journalists to Question Financial Bailout

Sadly, I agree with Joseph, and the politicians handle pain one way-use less KY when they stick it to the taxpayers, then stick their head in the sand. So the answer must be this-Do Nothing, until you know what to do, that will solve the problems.

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9:40 pm 9/23/08
webjoseph comments on:
David Cay Johnston Tells Journalists to Question Financial Bailout

The problem is that no Politician – Dem or GOP – wants to be seen as "doing nothing". And they want to get as much campaign mileage as they can as soon as possible. The only courses of action available quickly are minor variations on the Administration’s proposal. So I’m guessing that the Bush NeoCons will get to squeeze one last huge payday for their pals before President Obama and the next congress get to fail miserably at trying to rectify a situation that will be beyond anything but very painful measures. And we all know how pols handle pain.

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9:31 pm 9/23/08
papadavid comments on:
David Cay Johnston Tells Journalists to Question Financial Bailout

yes, we should not repeat the mistake we made with 9/11. we should not be fooled (again) into taking quick, foolish action.

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4:57 pm 9/23/08
tigerkarn comments on:
David Cay Johnston Tells Journalists to Question Financial Bailout

This is the old Republican technique, fear, scare and bully. Can you imagine, today someone of the boys told Congress unless they pass this right now we would probably "have a recession." Spare me. These guys closed their eyes and cheered the country into this. Now the same guys are trying to tell us they have the only answer to get us out of it. Spare me!

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3:14 pm 9/23/08