An NBC report on the US Government’s decision to release a full redacted accounting of The Pentagon Papers:
Finally after 40 years the US Government will publish The Pentagon Papers for the very first time.
The study commissioned by Secretary of Defense Robert McNamara was officially titled: “United States – Vietnam Relations, 1945–1967: A Study Prepared by the Department of Defense” and was a secret kept hidden from President Johnson. and American public for over 40 years.
The study traces US involvement in Vietnam beginning in 1945 just after World War II and ending in 1967 before the Tet Offensive. The report, a scathing self-examination of U.S.-Vietnamese relations and the Vietnam War, led to one of the largest and most significant court battles ever concerning government secrets vs. freedom of the press. Nixon’s demand to damage Ellsberg resulted in the Watergate scandal.
The Nixon Library has a copy in that was part of President Richard Nixon’s papers. It will be released at 9 a.m., June 13, 40 years to the day that leaked portions of the report were printed on the front page of The New York Times.
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Space shuttle time lapse
To honor our last shuttle flight.
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Latest read: 13 Bankers
Reading 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown can be considered a good introduction to the country’s long relationship between Wall Street and Congress. A new reference for how our country began its relationship with Wall Street and the massive changes during the Reagan, Clinton, W. Bush and Obama Administrations reveal how well the financial elite have directed legislation in Congress.
To read about how our republics leaders’ viewed banking was a refresher. Of course it would be a great insight to hear their views of the 2007-2009 financial collapse and the new banking world we must struggle through.
Clearly Congress was pitched a bill of goods manipulated by Wall Street. That simply bit them in the ass. I was amused to see how they were asking for the government to bail them out when their house of cards folded in on them. And yet I’m amused to read and listen to “specialists” or “experts in the field” in the financial marketplace or even the vast field of TV “analysts” who say the government is socialist for ”buying” the banks.
TARP was issued under W. Bush? If the Treasury did not step in and bail out Wall Street we would be in the middle of a global revolution. Sure — ignore it all and watch our entire economy totally collapse.
I was impressed with the book’s level of detail surrounding the relationships between W. Bush and Obama’s senior leadership (who transitioned to the Democratic White House) and their twisted histories with the major banks on Wall Street. Its clear the amount of money funneling through Congress today provides Wall Street with a clear avenue to set policy — and even give away free money. Well its not exactly free…the money handed to Wall Street to protect their horrible investment decisions on terms they could bargain for collectively. And of course they all took it.
As Jamie Dimon from JPMorgan Chase stated, somehow during the financial collapse they managed to have the best year in the company’s history — and paid out billions in bonus compensation while most Americans who purchased their products lost everything: jobs, mortgages and ultimately their future as a result of the recession that followed.
