• Guests:
  • Topics:
    • How the wealthy staged a coup d'etat?
    • Are our legislators actually now working on Medicare part E - everybody?
    • Is climate change just a big "left wing conspiracy" or will it end all life as we know it?
    • Glass-Steagall.
  • Bumper Music:
  • Today's newsletter has details of today's guests and links to the major stories and alerts that Thom covered in the show, plus lots more. If you haven't signed up for the free newsletter yet, please do. If you missed today's newsletter, it is in the archive.
  • Quote: "It is a cruel thought, that, when we feel ourselves standing on the firmest ground in ever respect, the cursed arts of our secret enemies...should effect, by depreciating our money, what the open arms of a powerful enemy could not." -- Thomas Jefferson to Richard Henry Lee.
  • Today in history:
    • NAFTA signed into law in the U.S. on December 8, 1993, by President Bill Clinton.
    • John Lennon assassinated December 8, 1980.
  • Video: "Ross Perot 1992--2nd Debate---The Giant Sucking Sound" (transcript).

    "To those of you in the audience who are business people, pretty simple: If you're paying $12, $13, $14 an hour for factory workers and you can move your factory South of the border, pay a dollar an hour for labor, hire young -- let's assume you've been in business for a long time and you've got a mature work force -- pay a dollar an hour for your labor, have no health care -- that's the most expensive single element in making a car -- have no environmental controls, no pollution controls and no retirement, and you don't care about anything but making money, there will be a giant sucking sound going south.

    So we -- if the people send me to Washington the first thing I'll do is study that 2,000-page agreement and make sure it's a two-way street. One last part here -- I decided i was dumb and didn't understand it so I called the Who's Who of the folks who've been around it and I said, "Why won't everybody go South?" They say, "It'd be disruptive." I said, "For how long?" I finally got them up from 12 to 15 years. And I said, "well, how does it stop being disruptive?" And that is when their jobs come up from a dollar an hour to six dollars an hour, and ours go down to six dollars an hour, and then it's leveled again. But in the meantime, you've wrecked the country with these kinds of deals. We've got to cut it out."

  • Article: A fiscal focus By George Parker.

    "In the mid-1990s, when he was working to modernise Britain’s left-of-centre Labour party and make it fit for office, Tony Blair made a pact with the rich. As leader of “New Labour”, he championed aspiration; his party – once a scourge of the better-off – encouraged, even celebrated, money-making. In the years that followed Mr Blair’s 1997 landslide victory, London became a magnet for hot money, reassured by low tax rates and the famous edict of Peter Mandelson, the party’s chief strategist: “We are intensely relaxed about people getting filthy rich as long as they pay their taxes.” "

  • Article: Inhofe’s Hoax: Senator Distorts Meteorological Study To Show Support For His Global Warming Denial by Alex Seitz-Wald.

    "INHOFE: Hey, Kiran, if it was just me saying it’d be one thing, but all over the world they’re talking about this. And just this morning the meteorologists — one of the groups — has said that they’re changing their position. Listen, the UK Telegraph — this is worst scientific scandal of our generation. The Guardian, this is an activist paper, saying pretending this isn’t a real scandal isn’t going to make it go away"

    The group to which Inhofe is referring — the World Meteorological Organization (WMO) — did indeed come out with a position this morning. It just happens to be a position which does nothing to validate Inhofe’s skepticism:

    "The year 2009 is likely to rank in the top 10 warmest on record since the beginning of instrumental climate records in 1850, according to data sources compiled by the World Meteorological Organization (WMO). The global combined sea surface and land surface air temperature for 2009 (January–October) is currently estimated at 0.44°C ± 0.11°C (0.79°F ± 0.20°F) above the 1961–1990 annual average of 14.00°C/57.2°F. The current nominal ranking of 2009, which does not account for uncertainties in the annual averages, places it as the fifth-warmest year. The decade of the 2000s (2000–2009) was warmer than the decade spanning the 1990s (1990–1999), which in turn was warmer than the 1980s (1980–1989)."

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