Newt Gingrich’s people wanted everyone to know yesterday that he was definitely about to announce he’s running for president, for realz this time. But then they looked into the paperwork to file an exploratory committee and realized it’s going to be hard to figure out exactly how many money-making schemes he has going these days and exactly how to arrange the documents so nothing too embarrassing comes out about the schemes. (Newt has to be hoping he doesn’t own any Libyan mail-order bride companies and isn’t the sponsor of something called the “Adultery Foundation Awards.” Both are distinct possibilities.) So he will only run for president IF and when these schemes can be carefully assembled into an FEC bento box.
One Republican with knowledge of the situation told Score that Gingrich is likely to confirm his “intention to announce,” but not actually unveil an exploratory committee. ABC reports Gingrich may use the term “explore phase” rather than “exploratory committee” – another way of stopping short of a full-scale announcement. The reason: Untangling the web of business and political groups Gingrich is involved in has proven complicated and he’s not in a position just yet to take a more formal step toward running.
Get it together, sources (zoo animals) close to Newt Gingrich. Newt is going to “confirm” his “intention” to announce? He’s been doing that approximately forever. [Politico via Salon]
Cite.
Part of the whole "sweetheart deal" arrangement with the Saudis was that, in exchange for extracting their oil, that US companies like Halliburton would build their cities to modern standards. Now, they did a good job, no doubt about that; the quality of the construction is excellent. But the whole arrangement, top to bottom, was oriented around using American companies to provide as many services as possible. We extracted their oil, we provided financial services, we did their construction, we absorbed their investment money into Wall Street. Saudi Arabia, more than any other country in the world, is the creation of the US oil elite.
I didn't read about this on the Web, so I don't have a direct link for you. My primary source is Tales of an Economic Hitman, which was an amazing book. Conservatives hate it, and savage it mercilessly, but I've done my own research on many of his claims, and I found excellent backing for his belief that we have, by and large, used debt as a weapon to assimilate poor countries worldwide.
In country after country throughout the world, we promised too much economic growth, and overbuilt their infrastructure, knowingly putting them into debt that their economies couldn't service. This eventually destroyed their middle class, throwing most of the population into permanent poverty, and putting a hyper-elite into permanent power. This gives us immense leverage over these countries; in exchange for some debt relief, we can get amazing rates on new resource deals. Further, we can also get them to do nearly anything we want, including voting the way we wish in the U.N.
When you look at resource-rich countries all over the world, if the US has been deeply involved there, it's very rare for the population to be doing at all well. There will almost always be a hyper-wealthy, corrupt elite, and a huge population of, essentially, chattel.
The Saudis, being so much richer than the other resource countries, couldn't be put into debt the same way, but we nonetheless arranged things so that a very few people had direct control over the immense oil revenues, and the typical corruption and nepotism took over there as it has almost everywhere else.
This is part of why I'm so terrified of what's happening with the national budget in this country; I believe that the same primary weapon (lack of understanding of the toxicity of long-term government debt) is being turned by the same corporations that benefited in the third world against the American people that birthed them.
Read Tales of an Economic Hitman, and do your own research. I think you'll find it holds up exceedingly well.
posted by Malor at 9:19 AM on March 1 [37 favorites]
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