Best of the Week
Most Popular
1.The Greatest Stock Market Crash Of Your Life Is Just Ahead… – Warns Harry Dent - GoldCore
2.Budget 2016: Borrowing, Lifetime ISA, House Prices, Economy, Syria, Brexit and Stocks - Nadeem_Walayat
3.Gold Price Intermediate Top - Clive_Maund
4.Brussels Terror Attacks, Death of the European Union, BrExit Wake up Call - Nadeem_Walayat
5.Stock Market Maybe This Time is Different? - Tony_Caldaro
6.UK House Asking Prices Break Above £300k! Housing Market Paralysis - Nadeem_Walayat
7.A Big Reason Why Silver Price Is Set To Soar - Hubert_Moolman
8.The Financial Crisis Has Just Begun; Is The American Dream Is Over? - Chris_Vermeulen
9.Gold Stocks Spring Rally - Zeal_LLC
10.GLX, GLDX, Baby Gold Bull Market Stillborn? - Rambus_Chartology
Last 7 days
Gold Commitments of Traders and More - 1st May 16
The Magic of Gold Ratio Charts - 1st May 16
Consensus Forming: China Heading Back Into Financial Crisis - 30th Apr 16
The Next Technical Price Targets for Gold & Silver - 30th Apr 16
Stock Market Downtrend Should be Underway - 30th Apr 16
Gold And Silver – A Clarion Alarm Call For All Paper Assets - 30th Apr 16
US Economic Statistics LIES, LIES AND OMG, MORE LIES - 30th Apr 16
Stock Market Strong Elliott Wave Relationship is Developing - 29th Apr 16
Fed's Kaplan: Brexit to Factor in US June Interest Rate Decision - 29th Apr 16
Silver Miners Strong in Grim Q4 - 29th Apr 16
Is Silver a better bet than Gold in the Near Future? - 29th Apr 16
How to Use the CoT Report in Gold Investing? - 29th Apr 16
Sri Lanka is Intriguing: Areas to Consider for Value Investing - 29th Apr 16
Gold “Chart of The Decade” – Maths Suggest $10,000 Per Ounce Says Rickards - 29th Apr 16
Are We or Are We Not in a New Gold Bull Market? - 29th Apr 16
Silver: The “Five Year Plan” and the Great Leap Forward - 28th Apr 16
Michael Hudson: The Wall Street Economy Has Taken Over The Economy and Is Draining It! - 28th Apr 16
AUD/USD - Trend Reversal or Just a Bigger Pullback? - 28th Apr 16
A Gold Revaluation Could Transform Your Financial Status - Overnight - 28th Apr 16
Monetary Policies Misunderstood - 28th Apr 16
Gold Bullion vs Gold Miners - 28th Apr 16
OECD Suggests BrExit Would Cut Net Migration by 1.2 Million by 2030 - 28th Apr 16
MP Naz Shah Punished for Tweets Made During Israel's Genocide of Gaza Palestinian People - 28th Apr 16
Global Recession in 2016 and Beyond - The Obvious Evidence - 27th Apr 16
Why Gold Bugs Need to Stop Listening to The Fear Mongers and Start Thinking for a Change - 27th Apr 16
BlackRock’s Fink: Fed to Raise Interest Rates by Quarter Point ‘at Best’ - 27th Apr 16
Gold More Productive Than Cash?! - 27th Apr 16
Donald Trump Will Fire Janet Yellen and Be Trapped - 27th Apr 16
Money Saving Gardening by Propagating Roses From Cuttings - Propagating Rose Plants Over 2.5 Years - 27th Apr 16
Facebook Censors Pro Trump and Negative Hillary News - 27th Apr 16
This is the Era of the Democrats and Your Taxes are Going Up - 27th Apr 16
Long Awaited Gold Price Breakout - 26th Apr 16
Crude Oil Price Double Top or Further Rally? - 26th Apr 16
Madness in the Crimex Gold and Silver Trading Pits - 26th Apr 16
Britain's Prospects: GBP and BREXIT - MAP Wave Analysis - 26th Apr 16
CRB, Gold, Oil, Cotton, Coffee - 7 Must See Commodities Charts - 26th Apr 16
Gold Price Target is $3,000 and Silver is $75 per Ounce - 25th Apr 16
Parameters for a Stock Market Sell Signal-in-the-making - 25th Apr 16
Stock Market Dangerous Divergence - 25th Apr 16
Gold Miners Nub is the Sweat of the Sun - 24th Apr 16
US Dollar Price Forecast - 24th Apr 16
Stock Market Upside Objective Reached - 24th Apr 16
Why Leftist Greeks have more reasons than Liberals to favour Entrepreneurship and Support Entrepreneurs - 24th Apr 16
The Dow Jones is a Catalyst for Misplaced Stock Market Optimism - 24th Apr 16
Why Russia Harasses U.S. Aircraft and Ships - 24th Apr 16

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Catching a Falling Financial Knife

Is This Obama's "Waterloo"?

Politics / US Politics May 21, 2013 - 12:44 PM GMT

By: Money_Morning

Politics

Shah Gilani writes: You're reading it right now.

I'm calling it WII (WHY?), which stands for Washington Insights & Indictments.

Enjoy it.

It's likely to be a single issue.


While calling out crooks and criminals on Wall Street is dangerous enough, calling out criminal behavior by the highest powers in the United States will get me: 1) audited by the IRS; 2) phone-tapped by the Justice Department; and 3) a trip to Guantanamo (if I don't get "droned"), because obviously anybody questioning the powers-that-be is a threat to national security.

Now, don't get me wrong. I'm not an Obama-basher. I liked him. Once upon a time...

I believed in "change" and that Obama was a good guy. I was elated when he won the first election. But I was deflated when he won a second term; deflated because my hopes and expectations for positive changes had been sucked dry.

The only real change I've seen in America since Obama took office is a frontal assault on the Constitution. Most politicians use the backdoor method.

Here's why I'm really angry and afraid, for myself and you.

It came out last week that the Justice Department took it upon itself to seize phone records (and faxes) and may have tapped, listened into, and recorded thousands of phone conversations between Associated Press journalists, their editors, their sources (some of whom are definitely confidential sources), and anybody and everybody they spoke to over at least a two-month period.

The Justice Department is run by Eric Holder. Holder authorized the subpoenas to get the phone records, and if phones were tapped, he authorized it. No judge was involved.

Usually a federal judge would have to sign off on the surveillance of journalists and news media people. At least, it works that way in 40 states and should be the law of the land.

But it doesn't work that way at the federal level if the matter involves "national security."

And that's what makes me so angry and what should - and maybe will - be the straw that breaks the back of this President and his administration.

Don't get me wrong. The IRS scandal will be Obama's Watergate. But the AP scandal will be his Waterloo.

Forget the bigger issues that are seeing the light of day here, like "separation of powers" issues. Justice stooges were tapping into conversations that took place between Congressmen and AP reporters. That means the executive branch was spying on the legislative branch.

The issue that really frightens me, because I'm a journalist, is that our First Amendment rights (abridging the freedom of speech, infringing on the freedom of the press), which should stand on their own, but are brilliantly backed-up (just in case) by the Fourth Amendment (which guards against unreasonable searches and seizures, along with requiring any warrant to be judicially sanctioned and supported by probable cause) have just both been trampled - simultaneously.

How? Because it was a matter of "national security."

Here's the thing. Besides being sick and horrified that "national security" is increasingly a trumped-up reason to hack the Constitution to near death, the so-called national security threat that Justice invoked was over, gone, the cat was out of the bag. There was no national security threat.

You see, AP reporters got information about a bomb threat to be carried out on the anniversary of the killing of Osama Bin Laden (May 2). They were asked not to report it until after the threat had been neutralized. They complied. There was a plot, and it was foiled.

Only the President wanted to be the one to come out and announce it before the press beat him to it. Why? He didn't want another Benghazi timing issue to make him look stupid.

But why tap the phone lines, really?

It's the same reason the IRS was targeting parties opposed to the President and his administration.

This Administration, under the President's leadership, is executing a program of intimidation, harassment, and trampling of civil liberties, and they're getting away with it.

I'm frightened, and you should be too.

If I start seeing a new order of freedom-bashing zealots parading the American flag as a banner against all national security threats, I'm going to renew my NRA membership.

Is this what we've become?

Source :http://moneymorning.com/2013/05/21/is-this-obamas-waterloo/

Money Morning/The Money Map Report

©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife