Good afternoon, this is Chance McGee it April 25, 2013 and this is your LaRouchepac podcast. You can find this podcast everyday around noontime by searching for LaRouchepac in the iTunes search bar.
Today I want to start off with the developments around Glass-Steagall. This week in Washington, D.C., has come close to the perfect storm, our work in the state legislatures converging upon the combined national conferences of both the Building Trade Unions and the Independent Community Bankers Association (ICBA). The ICBA and the Building Trades both lobbied on Wednesday, and all were delighted to see our banner, "Austerity for Wall St. / Pass Glass-Steagall" with a poor little broke investment banker pictured in the middle. LPAC's Baltimore office marched its delegation of 11 people representing MD, FL, and NC onto the Hill on Wednesday, too, while other LPAC reps delivered the first fruit of three days of non-stop LPAC organizing at the Iowa legislature April 15-17: a letter to the Iowa Congressional delegation demanding Glass-Steagall, signed jointly by 16 representatives, from both parties. In Missouri, LPAC's team held more than 30 meetings at the State House in two days, half of them with the legislators themselves, and we have one letter in hand to be delivered to DC on Thursday. In Ohio, over 13 meetings, including with people in leadership in both parties, led to excellent discussions. And in Pennsylvania, a deployment to a conference of Association of Township Commissioners yielded 160 contacts and an invitation to the association's reception for the state legislators. More to come on all fronts.
Sen. Angus King rose on the floor of the Senate this Wednesday to deliver his maiden speech, when, in the words of the U.S. Senate website, new senators end the "ritual of remaining silent during floor debates for a period of time." The new Senator from Maine did not get into many specifics in his presentation of his view of the proper functioning of our government, but one such specific he did address, was his preference for the restoration of the Glass-Steagall law, over the burdensome regulations of the Dodd-Frank legislation which he does not "believe are going to contribute to a solution."
"Overreaching regulation, in my view, is a problem," Senator King said. "I believe in structural solutions. I wasn't a member of this body, but had I been, I suspect I would have opposed Dodd-Frank and supported the restoration of the Glass-Steagall Act. I think that's a structural solution..." He went on to cite the case of Bangor Savings Bank as typical of the community banks which didn't cause the recession, but are going to have to bear the brunt of regulations that are expensive and driving up costs for their customers.
Although King made no mention of it, two weeks before, both houses of the Maine state legislature had passed "Joint Resolution Memorializing The United States Congress To Reinstitute The Glass-Steagall Act," by unanimous consent. Following its April 4 passage by the state senate, Maine State Senator John Patrick, the primary sponsor of the resolution, issued a press release specifying that his "efforts coincide with a national effort among state legislators to pressure Congress to reinstate Glass-Steagall. U.S. Senator Angus King and U.S. Representatives Mike Michaud and Chellie Pingree have all expressed support for the reinstatement of Glass-Steagall. Representatives Michaud and Pingree are cosponsors for a bill currently under consideration in the U.S. House of Representatives that would effectively restore the law."
In concluding his 25-minute speech, Sen. King reflected on how grave a threat the United States faces today. He invoked the words of "our greatest president," President Abraham Lincoln, in his December 2, 1862, message to Congress. King said Lincoln's message was "about change, and how to deal with change, and about how to shake Congress out of a lethargy of politics-as-usual, because we were in the middle of a civil war. Now, I can't argue that the crises we face today collectively or individually equal the Civil War," said King. "But they are pretty serious. I've been in hearings in the last two weeks, in the Intelligence and Armed Services Committees, and every single one of the top professionals in both defense and intelligence have said this is the most dangerous and complicated period they have experienced in their 35, 40, or 50 years in this business. So we are facing some very serious challenges."
King then recited from Lincoln's 1862 address: "The dogmas of the quiet past, are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise — with the occasion. As our case is new, so we must think anew, and act anew," King said, adding then: "And here's the key line: "We must disenthrall ourselves, and then we shall save our country."
"We must disenthrall ourselves," and think in new ways, King repeated, "and then we shall save our country."
But this is proof of that our organizing is catalyzing a huge effect. Maine is one of the 3 states that actually passed Glass-Steagall.
But the Glass-Steagall is global.
UKIP leader Nigel Farage endorsed Glass-Steagall, answering a Guardian journalist's question after a speech at a press gallery luncheon in Westminster on April 23. Reporter Michael White reported on the exchange in the Guardian's
"As a City of London man himself (dad was in the metals market for 60 years, granddad for 50, and both his sons are there today), how would he have tackled the City's self-inflicted banking crisis of 2007-09, I asked. Well, he wouldn't have repealed the U.S. Glass-Steagall Act of 1931 [1933—ed.], which separated retail from investment banking and he wouldn't have messed around, as Gordon Brown did, with the Bank of England's regulatory role, which it has played since 1694: 'useless, tick-box bureaucracy' is no substitute. Fine, fine. But be more specific. 'Personally, I would have let Northern Rock go bust,' he said."
So this is a global policy. But now I just want to look at the Boston bombing situation. Jeff-Steinberg has a really good interview on the LaRouchepac site that goes through the fact that the Saudi-Empire has not been held accountable for it's role in the original 9/11 attack on the twin towers. But the other side of this is the possible complicity within the FBI.
Associated Press reports that, according to family members, Tamerlan Tsarnaev fell under the influence of a man named Misha beginning in 2008-09. It is not known if the man is still in Boston or whether he has been identified and interviewed by investigators.
According to Associated Press, Tamerlan's uncle, Ruslan Tsarni, said of Misha, "Somehow, he just took his brain."
According to Elmirza Khozhugov, 26, the ex-husband of Tamerlan's sister, Ailina, the Tsarnaev family did not regularly attend the mosque, but then in 2008 or 2009, Tamerlan met Misha, a slightly older, heavyset, bald man with a long, reddish beard. Khozhugov didn't know where they'd met but believed they attended a Boston-area mosque together. Misha was an Armenian native and a convert to Islam and quickly began influencing his new friend, family members said.
"When Misha would start talking, Tamerlan would stop talking and listen. It upset his father, because Tamerlan wouldn't listen to him as much," Khozhugov said. "He would listen to this guy from the mosque who was preaching to him."
"I heard about nobody else but this convert," Tsarni said. "The seed for changing his views was planted right there in Cambridge."
Tamerlan loved music and, a few years ago, he sent Khozhugov a song he'd composed in English and Russian. He said he was about to start music school.
Six weeks later, the two men spoke on the phone. Khozhugov asked how school was going. Tamerlan said he had quit because Misha had convinced him that music is not supported in Islam.
Given the fact that the FBI's well-established modus operandi in combating terrorism has been to recruit potential terrorists through FBI informants, one question which must be answered is whether Misha is an FBI agent.
So that's all for today, again I don't want to jump into speculation about the Bombing situation, but the most important thing now is the ask the right questions. And again if you haven't already contacted us you can reach us at 1-800-929-7566. This is Chance McGee signing off.