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Johannesburg, Cape Town, Lagos, Abuja, Port Harcourt, Accra, Cotonou, Port Novo,
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Muslims of Burundi and Muslims in Burundi <> Islam in Cameroon
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Islam in Cape Verde Muslims or Capean Muslims | Muslims of Cape Verde and
Muslims in Cape Verde <> Islam in Central Africa Muslims or Central
African Muslims | Muslims of Central Africa and Muslims in Central Africa <>
Islam in Chad Muslims or Chadian Muslims | Muslims of Chad And Muslims in Chad <>
Islam in Comoros Muslims or Comorian Muslims | Muslims of Comoros and Muslims in
Comoros <> Islam in Congolese (DRC Kinshasa) Muslims or Congolese
(DRC Kinshasa) Muslims | Muslims of Congolese (DRC Kinshasa) and Muslims in
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in Ethiopia Muslims or Ethiopian Muslims | Muslims of Ethiopia and Muslims in
Ethiopia <> Islam in Gabon Muslims or Gabonese Muslims | Muslims of
Gabon and Muslims in Gabon <> Islam in Gambia Muslims or Gambian
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Islam in Guinea (Conakry) Muslims or Guinean (Conakry) Muslims | Muslims of
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Bissau Muslims or Bissauan Muslim or Bissawean Muslims | Muslims of Guinea and
Muslims In Guinea <> Islam in Ivory Coast Muslims or Ivorian Muslims
| Muslims of Ivory Coast and Muslims in Ivory Coast <> Islam in Kenya
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Islam in Lesotho Muslims or Lesothian Muslims | Muslims of Lesotho and Muslims
in Lesotho <> Islam in Liberia Muslims or Liberian Muslims | Muslims
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Madagascan Muslims | Muslims of Madagascar and Muslims in Madagascar <>
Islam in Malawi Muslims or Malawian Muslims | Muslims of Malawi and Muslims In
Malawi <> Islam in Mali Muslims or Malian Muslims | Muslims of Mali
and Muslims In Mali <> Islam in Mauritania Muslims or Mauritanian
Muslims | Muslims of Mauritania and Muslims In Mauritania <> Islam in
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Islam in Sao Tome Muslims or Sao Tomese Muslims | Muslims of Sao Tome and
Muslims in Sao Tome <> Islam in Senegal Muslims or Senegalese Muslims
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Islam in Sierra Leone Muslims or Sierra Leonean Muslims | Muslims of Sierra
Leone and Muslims in Sierra Leone <> Islam in Somalia Muslims or
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<> Islam in Sudan Muslims or Sudanese Muslims | Muslims of Sudan and
Muslims in Sudan <> <> Islam in Swaziland Muslims or Swazi
Muslims | Muslims of Swaziland and Muslims in Swaziland <> Islam in
Tanzania Muslims or Tanzanian Muslims | Muslims of Tanzania and Muslims in
Tanzania <> Islam in Togo Muslims or Togolese Muslims | Muslims of
Togo and Muslims in Togo <> Islam in Uganda Muslims or Ugandan
Muslims | Muslims of Uganda and Muslims in Uganda <> Islam in Zambia
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importance to Muslims unfolding Muslim perspectives and Da'wah:: The Muslim
World :: African Muslims :: African American Muslims :: Caribbean Muslims ::
European Muslim :: African Muslim Portal
AwqafAfrica is in association with www.esinislam.com, www.islamafrica.com, and www.islamicafrica.com <<>> African Muslim Directories <<>> If you reside in the UK, the US, Canada, France, Germany, Ireland, or Australia and require FREE Islamic ritual services including Marriage, Newborn Baby Ceremonies, Funerals, etc. send your requests to: ritualservices@esinislam.com <<>>> Free Muslim visits in Johannesburg, Cape Town, Lagos, Abuja, Port Harcourt, Accra, Cotonou, Port Novo, Freetown, Abidjan, Dakar, Khartoum, Nairobi, Addis Ababa, Harare, or Kinshasa visits@esinislam.com <<>> FREE Translations English-Arabic-English and French-Arabic-French are available for mosques, Islamic centres, and Muslim organizations based in Africa or serving the Africans abroad: translator@esinislam.com <<>> Free Islamic And Arabic Studies For The African Muslims And African American Muslims <<>> Islam In Africa <> Islam In America <> Islam In Europe <> Islam In Asia <<>> Join us celebrating Islam in Africa Muslims or African Muslims | Muslims of Africa and Muslims in Africa Islam in Angola Muslims or Angolan Muslims | Muslims of Angola and Muslims in Angola <>Islam in Benin Muslims or Dahome Muslims | Muslims of Benin and Muslims in Benin <> Islam in Botswana Muslims or Boswanan Muslims | Muslims of Botswana and Muslims in Botswana <> Islam in Burkina Faso Muslims or Burkinan Muslims | Muslims of Burkinafaso and Muslims in Burkinafaso <> Islam in Burundi Muslims or Burundian Muslims | Muslims of Burundi and Muslims in Burundi <> Islam in Cameroon Muslims or Cameroonian Muslims | Muslims of Cameroon and Muslims in Cameroon <> Islam in Cape Verde Muslims or Capean Muslims | Muslims of Cape Verde and Muslims in Cape Verde <> Islam in Central Africa Muslims or Central African Muslims | Muslims of Central Africa and Muslims in Central Africa <> Islam in Chad Muslims or Chadian Muslims | Muslims of Chad And Muslims in Chad <> Islam in Comoros Muslims or Comorian Muslims | Muslims of Comoros and Muslims in Comoros <> Islam in Congolese (DRC Kinshasa) Muslims or Congolese (DRC Kinshasa) Muslims | Muslims of Congolese (DRC Kinshasa) and Muslims in Congolese (DRC Kinshasa) <> Islam in Congo (Brazzaville) Muslims or Congolese (Brazzaville) Muslims | Muslims of Congo (Brazzaville) and Muslims in Congo (Brazzaville) <> Islam in Djibouti Muslims or Djiboutian Muslims | Muslims of Djibouti and Muslims in Djibouti <> Islam in Equatorial Guinea Muslims or Equatorial Guinean Muslims | Muslims of Equatoria Guinea And Muslims in Equatoria Guinea <> Islam in Eritrea Muslims or Eritrean Muslims | Muslims of Eritrea and Muslims in Eritrea <> Islam in Ethiopia Muslims or Ethiopian Muslims | Muslims of Ethiopia and Muslims in Ethiopia <> Islam in Gabon Muslims or Gabonese Muslims | Muslims of Gabon and Muslims in Gabon <> Islam in Gambia Muslims or Gambian Muslims | Muslims of Gabia and Muslims in Gambia <> Islam in Ghana Muslims or Ghanaian Muslims | Muslims of Ghana and Muslims in Ghana <> Islam in Guinea (Conakry) Muslims or Guinean (Conakry) Muslims | Muslims of Guinea (Conakry) and Muslims in Guinea (Conakry) <> Islam in Guinea Bissau Muslims or Bissauan Muslim or Bissawean Muslims | Muslims of Guinea and Muslims In Guinea <> Islam in Ivory Coast Muslims or Ivorian Muslims | Muslims of Ivory Coast and Muslims in Ivory Coast <> Islam in Kenya Muslims or Kenyan Muslims | Muslims of Kenya and Muslims in Kenya <> Islam in Lesotho Muslims or Lesothian Muslims | Muslims of Lesotho and Muslims in Lesotho <> Islam in Liberia Muslims or Liberian Muslims | Muslims of Liberia and Muslims in Liberia <> Islam in Madagascar Muslims or Madagascan Muslims | Muslims of Madagascar and Muslims in Madagascar <> Islam in Malawi Muslims or Malawian Muslims | Muslims of Malawi and Muslims In Malawi <> Islam in Mali Muslims or Malian Muslims | Muslims of Mali and Muslims In Mali <> Islam in Mauritania Muslims or Mauritanian Muslims | Muslims of Mauritania and Muslims In Mauritania <> Islam in Mauritius Muslims or Mauritian Muslims | Muslims of Mauritius and Muslims In Mauritius <> Islam in Mozambique Muslims or Mozambican Muslims | Muslims of Mozambique and Muslims in Mozambique <> Islam in Namibia Muslims or Namibian Muslims | Muslims of Namibia and Muslims in Namibia <> Islam in Niger Muslims or Nigerean Muslims | Muslims of Niger And Muslims in Niger <> Islam in Nigeria Muslims or Nigerian Muslims | Muslims of Nigeria and Muslims in Nigeria <> Islam in Rwanda Muslims or Rwandan Muslims or Rwandese Muslims | Muslims of Rwanda and Muslims in Rwanda <> Islam in Sao Tome Muslims or Sao Tomese Muslims | Muslims of Sao Tome and Muslims in Sao Tome <> Islam in Senegal Muslims or Senegalese Muslims | Muslims of Senegal and Muslims in Senegal <> Islam in Seychelles Muslims or Seychellois Muslims | Muslims of Seychelles And Muslims in Seychelles <> Islam in Sierra Leone Muslims or Sierra Leonean Muslims | Muslims of Sierra Leone and Muslims in Sierra Leone <> Islam in Somalia Muslims or Somali Muslims | Muslims of Somalia and Muslims in Somalia Islam in South Africa Muslims or South African Muslims or Southern African Muslims | Muslims of South African Or Muslims Of Southern Africa Or Muslims in Southern Africa <> <> Islam in Sudan Muslims or Sudanese Muslims | Muslims of Sudan and Muslims in Sudan <> <> Islam in Swaziland Muslims or Swazi Muslims | Muslims of Swaziland and Muslims in Swaziland <> Islam in Tanzania Muslims or Tanzanian Muslims | Muslims of Tanzania and Muslims in Tanzania <> Islam in Togo Muslims or Togolese Muslims | Muslims of Togo and Muslims in Togo <> Islam in Uganda Muslims or Ugandan Muslims | Muslims of Uganda and Muslims in Uganda <> Islam in Zambia Muslims or Zambian Muslims | Muslims of Zambia and Muslims in Zambia <> Islam in Zimbabwe Muslims or Zimbabwean Muslims | Muslims of Zimbabwe and Muslims in Zimbabwe <> Islam in African Muslims || African Mosques || African Muslim Organizations || African Muslim Colleges || African Muslim Businesses www.esinislam.com <<>> ALL SERVICES ARE FREE :::::: AwqafAfrica is in association with www.esinislam.com, www.islamafrica.com, and www.islamicafrica.com <<>> African Muslim Directories <<>> If you reside in the UK, the US, Canada, France, Germany, Ireland, or Australia and require FREE Islamic ritual services including Marriage, Newborn Baby Ceremonies, Funerals, etc. send your requests to: ritualservices@esinislam.com <<& :: Articles And Writers :: Palestinian News ::: Muslim World News ::: Middle East News ::: International News ::: Saudi Arabian News ::: Afghanistan News ::: Internet Newspapers ::: Do Something Wonderful! :: :: Regional African News ::: Al-Maghreb News ::: Nigerian News ::: Sudanese New ::: Somali News ::: Egyptian News ::: South African News ::: Articles And Writers ::: Awqaf Africa Press Release ::: Simply Thank You! :: Qur'an Translation ::: Qur'an Transliteration ::: Sahih Al Bukhari ::: Sahih Muslim ::: Muwatta` Malik ::: Sunan Abu-Dawud ::: Qur'an And Hadith Divan ::: Donations Options :: : As-Sirah Biography ::: The Final Prophet ::: The Four Caliphs ::: The Companions ::: Muslim Profiles ::: Our Sheikh Abu-Abdullah Adelabu ::: Articles And Writers ::: Do Something Rewarding Now! :: Muslim Briefcase ::: Ad-Duaa - Prayers ::: Hajj And Umrah ::: Figh us Sunnah ::: Names for Muslims ::: True Muslim Woman ::: Ash-Shirk [i.e. Polytheism] ::: Donate To African Muslim Communities! :: Arabic Dictionary ::: Directories A - Z ::: African Muslim Directories ::: Middle East Directories ::: Arabian Gulf Yellow Pages ::: Awqaf Muslim Communities ::: Helping The African Muslims :: African Islamic education services and interactive Muslim World news network with insightful analysis and commentary on issues and events of importance to Muslims unfolding Muslim perspectives and Da'wah :: The Muslim World :: African Muslimsgt;>> Free Muslim visits in Johannesburg, Cape Town, Lagos, Abuja, Port Harcourt, Accra, Cotonou, Port Novo, Freetown, Abidjan, Dakar, Khartoum, Nairobi, Addis Ababa, Harare, or Kinshasa visits@esinislam.com <<>> FREE Translations English-Arabic-English and French-Arabic-French are available for mosques, Islamic centres, and Muslim organizations based in Africa or serving the Africans abroad: translator@esinislam.com <<>> Free Islamic And Arabic Studies For The African Muslims And African American Muslims <<>> Islam In Africa <> Islam In America <> Islam In Europe <> Islam In Asia <<>> Join us celebrating Islam in Africa Muslims or African Muslims | Muslims of Africa and Muslims in Africa Islam in Angola Muslims or Angolan Muslims | Muslims of Angola and Muslims in Angola <>Islam in Benin Muslims or Dahome Muslims | Muslims of Benin and Muslims in Benin <> Islam in Botswana Muslims or Boswanan Muslims | Muslims of Botswana and Muslims in Botswana <> Islam in Burkina Faso Muslims or Burkinan Muslims | Muslims of Burkinafaso and Muslims in Burkinafaso <> Islam in Burundi Muslims or 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Articles
By
Dave & Ariel Lindorff
Accredited
-
Associated
Egad! Is the Government Going
Socialist? No. It Only Looks That Way
Posted By Dave LindorffOctober 14, 2008
After watching the markets plunge and the
credit freeze become glacial, Treasury
Secretary Henry Paulson backed away from his
scheme to rescue his investment banking
colleagues by spending hundreds of billions of
dollars buying up worthless credit
derivatives. His new strategy: follow
Britain’s lead and invest that same
money--$250 billion for starters—into the
banks as equity—specifically into the shares
of nine of the country’s largest banks.
This might sound a little like
socialism—the kind of mandatory
nationalization that the US has devoted
decades, and tens of billions of secret
dollars to trying to undermine and attack when
practiced by leaders in countries like
Venezuela, Cuba, Chile or post-war Italy. But
Paulson’s no red.
To avoid this government investment in the
US banking industry being labeled “socialist,”
Paulson and his fellow conspirator, Fed
Chairman Ben Bernanke, are only buying
non-voting shares of the banks. Get it?
They’re giving hundreds of billions of our
dollars to bankers in the form of ownership
shares of these companies, but they aren’t
asking for any say in the banks’ policies in
return.
The rescued banks will be able to write
trillions of dollars of loans against the new
capital being injected into them courtesy of
the American public, but they won’t have to
lend any of it to us. They could, and most
likely will, lend it to foreigners, or to
anyone offering a higher interest rate on the
money. They could pay it out in the form of
bigger bonuses for executives. They could use
it to buy up smaller competitors who aren’t
getting a piece of the federal bailout. My
guess is they’ll do all three.
The thing is, they can do whatever they
damned please, because Uncle Sam is not asking
for votes on the banks’ boards of directors in
return for all that invested cash.
Why not?
Well, that would be socialism, right? It
would amount to public ownership of the means
of loan production. And we all know where that
would lead: to decisions by bankers that might
actually benefit the common good.
And we cannot have that! That’s not what
America is about. America is about rugged
capitalism, where hard-nosed executives make
decisions based upon a rigorous cost-benefit
analysis that magically ends up putting
capital to its most productive use. That’s why
we in America have, um, well, that’s why we
have car companies that only produce giant,
gas-guzzling SUV’s, muscle cars and trucks,
cities that are entirely composed of hotels
and casinos, houses that are big enough to
hold four families, collapsing transit
systems, failing schools, and a hollowed-out
economy that hardly produces anything the rest
of the world wants to buy.
Hmmmm. Maybe those free-market capitalists
aren’t so good at making investment decisions
after all—at least where the good of America
and the American people are concerned.
I’m not saying that politicians would
necessarily do a better job, but judging by
the latest turn of events, which is to say the
near-death experience for the global economy,
I’d say that they could hardly do a worse
job than the capitalist class has done. And
maybe, if we could get our democratic system
up and running again, with citizen/voters
taking an active interest in what the
political class is doing, maybe we the People
could compel our politicians make some
investment decisions for those banks that
would be in our actual interest.
Maybe if we demanded that for our
hard-earned money, we the People got voting
rights on the banks’ boards of directors, we
could see to it that those banks invested in
the public good. Maybe we could get them to
make loans for housing projects that made
sense—for example near public transit, or for
renovating housing in urban centers. Maybe we
could get boards to agree to break up their
banks so that they’d be more responsive to
local needs, instead of always voting for
acquisitions that have made banks bigger and
less responsive. Maybe we could vote out the
empire building executives, and replace them
with more civic-minded folks who wanted to
make their banks engines for local
development.
But that sounds like those dreaded
Euro-Socialists. The ones who’ve run their
countries into the ground, you say?
Um. Have you been to Europe lately?
Europeans are by most standards living better
than we are. They don’t fret about health
care, they have secure jobs, and if they lose
a job, the state takes care of them, so they
don’t have to worry about being put out on the
street. Their cars are smaller than ours, but
then, they don’t need to use them to get to
work because they have excellent public
transit systems, so they can get along fine
with one, instead of two or three vehicles to
a family. Oh, they get real vacations too,
where they get to leave for a few weeks and
have real down time with the family. Imagine
that!
At this point, we don’t even know if
Paulson’s latest boondoggle—throwing a quarter
of a trillion dollars at a handful of
humongous banks that are bigger than any bank
should ever have been allowed to get—will work
at unclogging the backed-up sewer that is the
American financial system. Maybe before he
blows too much of that money, we should demand
that Congress stay his hand and say that for
such equity stakes, he should be getting
voting shares, putting public-minded members
on those banks’ boards, and attaching rigorous
strings to what can be done with our money .
Nationalization lite isn’t going to
accomplish anything except to waste more of
our money while enriching the same people who
got us into this mess in the first place.
If we’re going to have social ownership of
the banks, then let’s demand social control of
them too!Flash: Photo Proves Obama Consorts
with Marxists!
A blog called Gateway Pundit is
breathlessly claiming to have "discovered"
photo evidence of Obama's secret Marxist
background. The document, a photo showing a
young legislative candidate Obama and four
other Chicago local candidates for office
endorsed by the Chicago New Party is
headlined: "Great... We're two shakes of a
lamb's tail from having a former(?) Marxist as
president."
Only problem is, the New Party was an
affiliate of the Democratic Socialists of
America, probably the most mildly socialist
and clearly non-Marxist of left parties in the
US. Founded by a group of anti-Communist
leftists associated with former Socialist
Party leader Michael Harrington, the DSA,
originally known as the Democratic Socialist
Organizing Committee, modelled itself on the
social democratic parties of Western Europe,
notably the German Social Democratic Party of
Prime Minister Willi Brandt and the British
Labour Party.
So tame are the DSA's policies, which
included actively supporting all Democratic
presidential candidates, that it was hard to
tell if the organization was socialist at all.
Indeed, when the DSA hosted an international
meeting of the leaders of the Second
International in Washington shortly after the
election of Ronald Reagan, it appeared that
leaders who attended, like Spanish Socialist
Party leader Filippe Gonzalez, German SDP
leader Brandt and certainly British Labourite
Tony Benn were far to the left of most of the
DSA members present.
If that's the best Obama's right-wing
critics can come up with (and they don't have
him even as a New Party member, just as an
endorsed candidate of the New Party), they
have a lot more work to do to show he's a
closet socialist, much less a closet
"Marxist."
By the way, how is it that the right is
claiming Obama is a Marxist and a Muslim
jihadi? Have they checked out what the Muslim
governments have done and are doing to the
Marxists in their midsts? It's probably easier
to survive as a Christian or an apostate in
Iran, Egypt, Pakistan or Iraq than as a
Marxist.
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