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	<title>Comments on: Phillies: Bush War Waste Endangers America</title>
	<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/</link>
	<description></description>
	<pubDate>Sat, 05 Jul 2008 02:25:12 +0000</pubDate>
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		<title>by: Andy</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-602745</link>
		<pubDate>Mon, 12 May 2008 16:46:59 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-602745</guid>
					<description>&quot;Eric Dondero Says: 

May 9th, 2008 at 8:32 pm 
I’d love to see you tell the families of the dead 3000 victims of 9/11 that 'Al Qaeda is a joke.'&quot;

Love to see you explain that to the tens of thousands of family members of murder victims of Al Qaeda in Iraq and Afghanistan.

'Al Qaeda is just a joke.'&quot; 


Representative Of Largest 9/11 Families Group Says Government Complicit In Attack
Tells radio host 9/11 Commission a sham, &quot;cover-up beyond belief&quot;

Paul Joseph Watson/Prison Planet.com &amp;#166; July 8 2006

The representative of the largest group of 9/11 families says that the official version of events is a fallacy and that the NORAD stand down and evidence of incendiary devices used to bring down the towers amount to government complicity in the attacks - a conclusion shared by half of the 9/11 families he represents.

Bill Doyle heads the Coalition of 9/11 Families and lost his own son Joey in the collapse of the twin towers. 

&quot;If you want to believe what they want to snow you under on like the 9/11 Commission - that's a total fallacy,&quot; said Doyle.

&quot;The continuing cover-up is beyond belief,&quot; Doyle told GCN radio host Alex Jones.

Doyle questioned why WTC steel that was withheld from NIST for examination for explosives was used instead to build a battleship.

&quot;Isn't it amazing how they got it out of this country within days,&quot; said Doyle as he addressed the cover-up of the physical evidence from a crime scene.

Doyle said he had personally talked to six different individuals who were at the World Trade Center site and described incendiary devices before the collapse of the towers.

&quot;It's documented proof that tower 7 was not hit by a plane yet it goes up in flames then the owner of the place Larry Silverstein himself ordered it to be pulled at 4 o'clock that afternoon and all of a sudden it exploded straight down.&quot;

&quot;We have two planes fly into the towers and all of a sudden they get blown up within an hour and a half - that's impossible,&quot; said Doyle.



Doyle estimated that around half of the family members his organization represents think that there was government complicity in the attacks.

&quot;It looks like there was a conspiracy behind 9/11 if you really look at all the facts - a lot of families now feel the same way.&quot;

&quot;Where was NORAD,&quot; asked Doyle as he highlighted the implausible gap between the known hijacking times of Flight 93 and Flight 77 and their eventual destruction.

&quot;It was called a step-down - don't do anything - let it happen.&quot;

&quot;From everything I look at I'm sure there was a lot of complicity - in the least there had to be a lot of complicity - if you read all the facts there's no way that nineteen hijackers carried out this mission,&quot; Doyle told Jones.

Doyle also spoke out on establishment charities withholding large portions of donations from 9/11 families and how 9/11 whistleblowers have been punished meanwhile individuals who facilitated the attacks were rewarded.</description>
		<content:encoded><![CDATA[	<p>&#8220;Eric Dondero Says:</p>
	<p>May 9th, 2008 at 8:32 pm<br />
I&#8217;d love to see you tell the families of the dead 3000 victims of 9/11 that &#8216;Al Qaeda is a joke.&#8217;&#8221;</p>
	<p>Love to see you explain that to the tens of thousands of family members of murder victims of Al Qaeda in Iraq and Afghanistan.</p>
	<p>&#8216;Al Qaeda is just a joke.&#8217;&#8221;</p>
	<p>Representative Of Largest 9/11 Families Group Says Government Complicit In Attack<br />
Tells radio host 9/11 Commission a sham, &#8220;cover-up beyond belief&#8221;</p>
	<p>Paul Joseph Watson/Prison Planet.com | July 8 2006</p>
	<p>The representative of the largest group of 9/11 families says that the official version of events is a fallacy and that the <span class="caps">NORAD</span> stand down and evidence of incendiary devices used to bring down the towers amount to government complicity in the attacks &#8211; a conclusion shared by half of the 9/11 families he represents.</p>
	<p>Bill Doyle heads the Coalition of 9/11 Families and lost his own son Joey in the collapse of the twin towers.</p>
	<p>&#8220;If you want to believe what they want to snow you under on like the 9/11 Commission &#8211; that&#8217;s a total fallacy,&#8221; said Doyle.</p>
	<p>&#8220;The continuing cover-up is beyond belief,&#8221; Doyle told <span class="caps">GCN</span> radio host Alex Jones.</p>
	<p>Doyle questioned why <span class="caps">WTC</span> steel that was withheld from <span class="caps">NIST</span> for examination for explosives was used instead to build a battleship.</p>
	<p>&#8220;Isn&#8217;t it amazing how they got it out of this country within days,&#8221; said Doyle as he addressed the cover-up of the physical evidence from a crime scene.</p>
	<p>Doyle said he had personally talked to six different individuals who were at the World Trade Center site and described incendiary devices before the collapse of the towers.</p>
	<p>&#8220;It&#8217;s documented proof that tower 7 was not hit by a plane yet it goes up in flames then the owner of the place Larry Silverstein himself ordered it to be pulled at 4 o&#8217;clock that afternoon and all of a sudden it exploded straight down.&#8221;</p>
	<p>&#8220;We have two planes fly into the towers and all of a sudden they get blown up within an hour and a half &#8211; that&#8217;s impossible,&#8221; said Doyle.</p>
	<p>Doyle estimated that around half of the family members his organization represents think that there was government complicity in the attacks.</p>
	<p>&#8220;It looks like there was a conspiracy behind 9/11 if you really look at all the facts &#8211; a lot of families now feel the same way.&#8221;</p>
	<p>&#8220;Where was <span class="caps">NORAD</span>,&#8221; asked Doyle as he highlighted the implausible gap between the known hijacking times of Flight 93 and Flight 77 and their eventual destruction.</p>
	<p>&#8220;It was called a step-down &#8211; don&#8217;t do anything &#8211; let it happen.&#8221;</p>
	<p>&#8220;From everything I look at I&#8217;m sure there was a lot of complicity &#8211; in the least there had to be a lot of complicity &#8211; if you read all the facts there&#8217;s no way that nineteen hijackers carried out this mission,&#8221; Doyle told Jones.</p>
	<p>Doyle also spoke out on establishment charities withholding large portions of donations from 9/11 families and how 9/11 whistleblowers have been punished meanwhile individuals who facilitated the attacks were rewarded.</p>
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		<title>by: Andy</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-602729</link>
		<pubDate>Mon, 12 May 2008 16:39:05 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-602729</guid>
					<description>&quot;Eric Dondero Says: 

May 9th, 2008 at 7:05 pm 
And what would have been the price in dollars and American lives if we had done nothing to respond to 9/11?&quot;

ZERO,  considering that 9/11 was an inside job carried out by factions within the US government.</description>
		<content:encoded><![CDATA[	<p>&#8220;Eric Dondero Says:</p>
	<p>May 9th, 2008 at 7:05 pm<br />
And what would have been the price in dollars and American lives if we had done nothing to respond to 9/11?&#8221;</p>
	<p><span class="caps">ZERO</span>,  considering that 9/11 was an inside job carried out by factions within the US government.</p>
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		<title>by: Bill Woolsey</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600419</link>
		<pubDate>Sat, 10 May 2008 14:33:50 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600419</guid>
					<description>Phillies explanation of the relationship between the trade deficit and 
the budget deficit is a bit twisted, but maybe correct.    By using up a larger share of U.S. national savings, a budget deficit attracts foreign savings--a net capital inflow.   Other things being equal, this raises the value of the dollar and generates a trade deficit.   

GE's noition that the accumulation of bonds by the Chinese (or
whoever) tends to reduce inflation is also more or less correct, though
it isn't because the Chinese are accumulating U.S. currency or 
bank deposits.       It is rather than the increased value of the dollar has a transitional effect of lowering the price of imports and the domestic sales of exporting firms.    In a country where inflation is the norm, this results in less inflation for a time.   However, we are now in the reverse phase where the falling dollar is exacerbating inflation.  (And will reduce the trade deficit too.)

Even if there were no war and no budget deficit (and even a surplus,) foreigners could accumulate dollar assets (including the outstanding 
national debt,) generate a net capital inflow and a trade deficit.

I believe, however, that Phillies is correct that the war, higher budget
deficit, does result in a trade deficit larger than it otherwise would be.

I believe that most free market economists (and probably most others as well) would argue that regulatory mechanisms to reduce the trade deficit will probably not increase national savings, and even if they did, it would be a bad thing.     

For example, with the budget deficit, it is more like that increase in the
trade deficit reduces the other sorts of harms the budget deficit would do.

Reforms that incease national savings may wll be a good idea for other reasons (like balancing the federal budget,) and they will tend to reduce the trade deficit.    But the trade deficit, in and of itself, is not the problem.</description>
		<content:encoded><![CDATA[	<p>Phillies explanation of the relationship between the trade deficit and<br />
the budget deficit is a bit twisted, but maybe correct.    By using up a larger share of U.S. national savings, a budget deficit attracts foreign savings&#8212;a net capital inflow.   Other things being equal, this raises the value of the dollar and generates a trade deficit.</p>
	<p>GE&#8217;s noition that the accumulation of bonds by the Chinese (or<br />
whoever) tends to reduce inflation is also more or less correct, though<br />
it isn&#8217;t because the Chinese are accumulating U.S. currency or<br />
bank deposits.       It is rather than the increased value of the dollar has a transitional effect of lowering the price of imports and the domestic sales of exporting firms.    In a country where inflation is the norm, this results in less inflation for a time.   However, we are now in the reverse phase where the falling dollar is exacerbating inflation.  (And will reduce the trade deficit too.)</p>
	<p>Even if there were no war and no budget deficit (and even a surplus,) foreigners could accumulate dollar assets (including the outstanding<br />
national debt,) generate a net capital inflow and a trade deficit.</p>
	<p>I believe, however, that Phillies is correct that the war, higher budget<br />
deficit, does result in a trade deficit larger than it otherwise would be.</p>
	<p>I believe that most free market economists (and probably most others as well) would argue that regulatory mechanisms to reduce the trade deficit will probably not increase national savings, and even if they did, it would be a bad thing.</p>
	<p>For example, with the budget deficit, it is more like that increase in the<br />
trade deficit reduces the other sorts of harms the budget deficit would do.</p>
	<p>Reforms that incease national savings may wll be a good idea for other reasons (like balancing the federal budget,) and they will tend to reduce the trade deficit.    But the trade deficit, in and of itself, is not the problem.</p>
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		<title>by: Trollin Inshit</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600348</link>
		<pubDate>Sat, 10 May 2008 11:50:27 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600348</guid>
					<description>“Ana raicha Al Qaeda” at www.turdpottywatch.com</description>
		<content:encoded><![CDATA[	<p>&#8220;Ana raicha Al Qaeda&#8221; at <a href='http://www.turdpottywatch.com' rel='nofollow'>www.turdpottywatch.com</a></p>
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		<title>by: disinter</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600312</link>
		<pubDate>Sat, 10 May 2008 10:57:24 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600312</guid>
					<description>&lt;blockquote&gt;I’d love to see you tell the families of the dead 3000 victims of 9/11 that “Al Qaeda is a joke.”&lt;/blockquote&gt;

&quot;Al Qaeda&quot; IS a joke you idiot!  And, the joke is on you.

&quot;Ana raicha Al Qaeda&quot; is colloquial for &quot;I'm going to the toilet&quot;. A very common and widespread use of the word &quot;Al-Qaeda&quot; in different Arab countries in the public language is for the toilet bowl. This name comes from the Arabic verb &quot;Qa'ada&quot; which mean &quot;to sit&quot;, pertinently, on the &quot;Toilet Bowl&quot;. In most Arabs homes there are two kinds of toilets: &quot;Al-Qaeda&quot; also called the &quot;Hamam Franji&quot; or foreign toilet, and &quot;Hamam Arabi&quot; or &quot;Arab toilet&quot; which is a hole in the ground. Lest we forget it, the potty used by small children is called &quot;Ma Qa'adia&quot; or &quot;Little Qaeda&quot;.

So, if you were forming a terrorist group, would you call yourself, &quot;The Toilet&quot;? 

http://whatreallyhappened.com/fakealqaeda.html</description>
		<content:encoded><![CDATA[	<p>
<blockquote>I&#8217;d love to see you tell the families of the dead 3000 victims of 9/11 that &#8220;Al Qaeda is a joke.&#8221;</blockquote></p>
	<p>&#8220;Al Qaeda&#8221; IS a joke you idiot!  And, the joke is on you.</p>
	<p>&#8220;Ana raicha Al Qaeda&#8221; is colloquial for &#8220;I&#8217;m going to the toilet&#8221;. A very common and widespread use of the word &#8220;Al-Qaeda&#8221; in different Arab countries in the public language is for the toilet bowl. This name comes from the Arabic verb &#8220;Qa&#8217;ada&#8221; which mean &#8220;to sit&#8221;, pertinently, on the &#8220;Toilet Bowl&#8221;. In most Arabs homes there are two kinds of toilets: &#8220;Al-Qaeda&#8221; also called the &#8220;Hamam Franji&#8221; or foreign toilet, and &#8220;Hamam Arabi&#8221; or &#8220;Arab toilet&#8221; which is a hole in the ground. Lest we forget it, the potty used by small children is called &#8220;Ma Qa&#8217;adia&#8221; or &#8220;Little Qaeda&#8221;.</p>
	<p>So, if you were forming a terrorist group, would you call yourself, &#8220;The Toilet&#8221;?</p>
	<p><a href='http://whatreallyhappened.com/fakealqaeda.html' rel='nofollow'>http://whatreallyhappened.com/fakealqaeda.html</a></p>
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		<title>by: disinter</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600307</link>
		<pubDate>Sat, 10 May 2008 10:51:47 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600307</guid>
					<description>&lt;blockquote&gt;If we had not responded against Radical Islam in the Middle East, we’d likely see our major cities go up in a mushroom cloud from suitcase bombs brought in by Al Qaeda terrorists.&lt;/blockquote&gt;

We are likely to see that anyway:

judicial-inc.biz/Nuclear_attacks_on_america.htm

(TPW conveniently censors the whole address)</description>
		<content:encoded><![CDATA[	<p>
<blockquote>If we had not responded against Radical Islam in the Middle East, we&#8217;d likely see our major cities go up in a mushroom cloud from suitcase bombs brought in by Al Qaeda terrorists.</blockquote></p>
	<p>We are likely to see that anyway:</p>
	<p>judicial-inc.biz/Nuclear_attacks_on_america.htm</p>
	<p>(TPW conveniently censors the whole address)</p>
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		<title>by: G.E.</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600154</link>
		<pubDate>Sat, 10 May 2008 05:41:09 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600154</guid>
					<description>&quot;In other words, the dollars are already back here.&quot;

You severely wounded my pride here, George. I made an error, frothing at the mouth at another of your protectionist rants and responded, arrogantly, without thinking. I'm stung. They do hold our dollars in reserve, but your point is correct, nonetheless, and it was foolish of me to say otherwise.

I will refrain from criticizing George Phillies for one week.

But this is the first response I've gotten from George -- where I've made a factual error. I guess he concedes my other criticisms.</description>
		<content:encoded><![CDATA[	<p>&#8220;In other words, the dollars are already back here.&#8221;</p>
	<p>You severely wounded my pride here, George. I made an error, frothing at the mouth at another of your protectionist rants and responded, arrogantly, without thinking. I&#8217;m stung. They do hold our dollars in reserve, but your point is correct, nonetheless, and it was foolish of me to say otherwise.</p>
	<p>I will refrain from criticizing George Phillies for one week.</p>
	<p>But this is the first response I&#8217;ve gotten from George&#8212;where I&#8217;ve made a factual error. I guess he concedes my other criticisms.</p>
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		<title>by: Stefan</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600128</link>
		<pubDate>Sat, 10 May 2008 04:58:11 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600128</guid>
					<description>Dr. Phillies:

Yes, discusssing the real issues and the issue the LP should attack the two major parties one. Good. Prof. Joseph Stiglitz has said -after his newest book - that the cost of the Iraq war may be closer to 5 trillion, not 3 trillion. And to think the oil price is going from record to record and Goldman Sachs and others projecting 200
USD. A few months ago economists said 100 USD oil will already drive the US economy into recession. If that is so, imagine what 200 USD is going to do: depression?</description>
		<content:encoded><![CDATA[	<p>Dr. Phillies:</p>
	<p>Yes, discusssing the real issues and the issue the LP should attack the two major parties one. Good. Prof. Joseph Stiglitz has said -after his newest book &#8211; that the cost of the Iraq war may be closer to 5 trillion, not 3 trillion. And to think the oil price is going from record to record and Goldman Sachs and others projecting 200<br />
<span class="caps">USD</span>. A few months ago economists said 100 <span class="caps">USD</span> oil will already drive the US economy into recession. If that is so, imagine what 200 <span class="caps">USD</span> is going to do: depression?</p>
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		<title>by: Stefan</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600124</link>
		<pubDate>Sat, 10 May 2008 04:52:46 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600124</guid>
					<description>Eric,
Love to see you explain that to the tens of thousands of family members of murder victims of Al Qaeda in Iraq that it was for the &quot;noble cause&quot; of American oil interests and to mboost the profits of Halliburton and to the innocent Iraqi's killed, that it was for their &quot;freedom and democracy&quot;...</description>
		<content:encoded><![CDATA[	<p>Eric,<br />
Love to see you explain that to the tens of thousands of family members of murder victims of Al Qaeda in Iraq that it was for the &#8220;noble cause&#8221; of American oil interests and to mboost the profits of Halliburton and to the innocent Iraqi&#8217;s killed, that it was for their &#8220;freedom and democracy&#8221;...</p>
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		<title>by: Trollin Inshit</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600119</link>
		<pubDate>Sat, 10 May 2008 04:42:48 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600119</guid>
					<description>Take a big steaming dump at thirdpottywatch.com</description>
		<content:encoded><![CDATA[	<p>Take a big steaming dump at thirdpottywatch.com</p>
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		<title>by: knapps ass pump</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600035</link>
		<pubDate>Sat, 10 May 2008 02:57:27 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600035</guid>
					<description>Al Qeada is a fucking joke, Eric. A band of unwashed savages who wipe their asses with their hands and buttfuck their cousins.

ummm who cares about the buttfucking bro, you spelled Al Qualude wrong dude.</description>
		<content:encoded><![CDATA[	<p>Al Qeada is a fucking joke, Eric. A band of unwashed savages who wipe their asses with their hands and buttfuck their cousins.</p>
	<p>ummm who cares about the buttfucking bro, you spelled Al Qualude wrong dude.</p>
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		<title>by: knapps ass pump</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600032</link>
		<pubDate>Sat, 10 May 2008 02:52:21 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600032</guid>
					<description>Marys Bush Endangers America!

mary mary quite ruary, trim that pussy it's so goddamn hairy! hooooooo</description>
		<content:encoded><![CDATA[	<p>Marys Bush Endangers America!</p>
	<p>mary mary quite ruary, trim that pussy it&#8217;s so goddamn hairy! hooooooo</p>
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		<title>by: Laura Jenkins</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600010</link>
		<pubDate>Sat, 10 May 2008 02:31:42 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-600010</guid>
					<description>The insane $200 billion defense supplemental before congress - tabled for the weekend - is profane theft of tax dollars.

Thank You for focus on this, the most important issue.

As Portfollio.com article points out....the Pentagon can't track the $1 Trillion per year - already disappearing into crony contractor pockets.</description>
		<content:encoded><![CDATA[	<p>The insane $200 billion defense supplemental before congress &#8211; tabled for the weekend &#8211; is profane theft of tax dollars.</p>
	<p>Thank You for focus on this, the most important issue.</p>
	<p>As Portfollio.com article points out&#8230;.the Pentagon can&#8217;t track the $1 Trillion per year &#8211; already disappearing into crony contractor pockets.</p>
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		<title>by: Eric Dondero</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-599977</link>
		<pubDate>Sat, 10 May 2008 01:32:58 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-599977</guid>
					<description>I'd love to see you tell the families of the dead 3000 victims of 9/11 that &quot;Al Qaeda is a joke.&quot;  

Love to see you explain that to the tens of thousands of family members of murder victims of Al Qaeda in Iraq and Afghanistan.  

&quot;Al Qaeda is just a joke.&quot;</description>
		<content:encoded><![CDATA[	<p>I&#8217;d love to see you tell the families of the dead 3000 victims of 9/11 that &#8220;Al Qaeda is a joke.&#8221;</p>
	<p>Love to see you explain that to the tens of thousands of family members of murder victims of Al Qaeda in Iraq and Afghanistan.</p>
	<p>&#8220;Al Qaeda is just a joke.&#8221; </p>
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		<title>by: George Phillies</title>
		<link>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-599961</link>
		<pubDate>Sat, 10 May 2008 01:12:08 +0000</pubDate>
		<guid>http://thirdpartywatch.com/2008/05/09/phillies-bush-war-waste-endangers-america/#comment-599961</guid>
					<description>G.E.,

I realize your interpretation of economics is a bit recherche, but you appear to have missed a point.

In order for all those Treasury Bonds to wing their way from here to the Bank of China, the Chinese had to buy them.  

They may have bought them directly or through intermediaries, but at some point the American dollars buying the bonds had to cross the U.S. border in an inward direction.

In other words, the dollars are already back here.

George</description>
		<content:encoded><![CDATA[	<p>G.E.,</p>
	<p>I realize your interpretation of economics is a bit recherche, but you appear to have missed a point.</p>
	<p>In order for all those Treasury Bonds to wing their way from here to the Bank of China, the Chinese had to buy them.</p>
	<p>They may have bought them directly or through intermediaries, but at some point the American dollars buying the bonds had to cross the U.S. border in an inward direction.</p>
	<p>In other words, the dollars are already back here.</p>
	<p>George</p>
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