Thursday, June 16, 2011

Another Exxon Mobil War

Listen, read or watch here:

Is U.S. Attack on Libya Legal? Rep. Dennis Kucinich Debates Former Reagan Attorney Robert Turner


On Wednesday, a bipartisan group of 10 members of Congress sued President Obama for violating the War Powers Act of 1973 by failing to obtain congressional approval for military operations in Libya longer than 60 days. We host a debate between Democratic Rep. Dennis Kucinich of Ohio, one of the Congress members suing President Obama, and Robert Turner, who worked as an attorney in the Reagan White House and is a longtime critic of the War Powers Act. "President Obama’s position is absolutely clear: we are not engaged in war in Libya, and thus, if the War Powers Resolution were constitutional, it still would not apply," Turner says. "I ask you, if another country sent 2,000 planes over the United States, and some of those missions dropped bombs on us, would that be an act of war against the United States?" says Kucinich. "That’s exactly what we’ve done in Libya."


The billion dollar war? Libyan campaign breaks Pentagon estimates costing U.S. taxpayers $2 million a day

The cost of the U.S. campaign in Libya is set to exceed the $750 million Pentagon estimate set out in March, according to a leaked Department of Defence Memo.


The 'eyes-only' DoD dossier said the U.S. had already spent $664 million in Libya by mid-May - a running cost of $60 million a month since the bombing began in March.

At the current rate of spending, the U.S. will have to shell out at least an extra $274 million till the end of the current 90 day no fly zone extension period - brining total expenditure to a minimum of $938 million.


Libya rebels to receive huge cash infusion
By Joby Warrick
ABU DHABI, United Arab Emirates — Western and Middle Eastern countries began opening the aid spigots Thursday for Libya’s beleaguered rebels, approving measures that will immediately send at least $1 billion to the opposition and promising much larger sums in the weeks ahead.



Goldman Sachs’ dealings with Libya under scrutiny

By Dawn Lim, MarketWatch
NEW YORK (MarketWatch) — Goldman Sachs Group Inc. and several other firms are being examined by U.S. regulators to see if they violated bribery laws when dealing with Libya’s sovereign-wealth fund, according a published report Thursday.

The Securities and Exchange Commission is looking into the firms’ relationships with the Libyan Investment Authority, the Wall Street Journal reported, citing people familiar with the matter.

The fund, controlled by Libyan leader Col. Moammar Gadhafi, attracted banks and securities firms when it launched in 2007 with $40 billion, the Journal reported.


Instead of fighting resource wars to defend the interests of Energy Companies on the pretext of "Democracy," what if those funds had been invested in a sensible Alternative Energy policy?

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