Bin Laden: Goal is to bankrupt U.S.
Al-Jazeera releases full transcript of al Qaeda leader’s tape
Monday, November 1, 2004 Posted: 8:07 PM EST (0107 GMT)
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Osama bin Laden delivers a videotaped message broadcast on Arabic-language network Al-Jazeera. |
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(CNN) — The Arabic-language network Al-Jazeera released a full transcript Monday of the most recent videotape from Osama bin Laden in which the head of al Qaeda said his group’s goal is to force America into bankruptcy.
Al-Jazeera aired portions of the videotape Friday but released the full transcript of the entire tape on its Web site Monday.
“We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah,” bin Laden said in the transcript.
He said the mujahedeen fighters did the same thing to the Soviet Union in Afghanistan in the 1980s, “using guerrilla warfare and the war of attrition to fight tyrannical superpowers.”
“We, alongside the mujahedeen, bled Russia for 10 years until it went bankrupt and was forced to withdraw in defeat,” bin Laden said.
He also said al Qaeda has found it “easy for us to provoke and bait this administration.”
“All that we have to do is to send two mujahedeen to the furthest point east to raise a piece of cloth on which is written al Qaeda, in order to make generals race there to cause America to suffer human, economic and political losses without their achieving anything of note other than some benefits for their private corporations,” bin Laden said.
Al-Jazeera executives said they decided to post the entire speech because rumors were circulating that the network omitted parts that “had direct threats toward specific states, which was totally untrue.”
“We chose the most newsworthy parts of the address and aired them. The rest was used in lower thirds in graphics format,” said one official.
U.S. intelligence officials Monday confirmed that the transcript made public Monday by Al-Jazeera was a complete one.
As part of the “bleed-until-bankruptcy plan,” bin Laden cited a British estimate that it cost al Qaeda about $500,000 to carry out the attacks of September 11, 2001, an amount that he said paled in comparison with the costs incurred by the United States.
“Every dollar of al Qaeda defeated a million dollars, by the permission of Allah, besides the loss of a huge number of jobs,” he said. “As for the economic deficit, it has reached record astronomical numbers estimated to total more than a trillion dollars.
The total U.S. national debt is more than $7 trillion. The U.S. federal deficit was $413 billion in 2004, according to the Treasury Department.
“It is true that this shows that al Qaeda has gained, but on the other hand it shows that the Bush administration has also gained, something that anyone who looks at the size of the contracts acquired by the shady Bush administration-linked mega-corporations, like Halliburton and its kind, will be convinced.
“And it all shows that the real loser is you,” he said. “It is the American people and their economy.”
As for President Bush’s Iraq policy, Bin Laden said, “the darkness of black gold blurred his vision and insight, and he gave priority to private interests over the public interests of America.
“So the war went ahead, the death toll rose, the American economy bled, and Bush became embroiled in the swamps of Iraq that threaten his future,” bin Laden said.
U.S. government officials said Friday that the tape appeared to be authentic and recently made. It was the first videotaped message from the al Qaeda leader in nearly three years.
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Bush, lawmakers vow quick action on economy plan
Tue Jan 22, 2008 9:41pm EST
By Caren Bohan and Donna Smith
WASHINGTON (Reuters) - President George W. Bush and leaders of the Democratic-led Congress vowed on Tuesday to move quickly to work out the details of a $150 billion stimulus package for the U.S. economy, as fears of a recession prompted a sell-off in global financial markets.
“I’m confident that we can get an agreement passed, and we can get an agreement passed in relatively short order,” Bush said after meeting at the White House with Democratic House of Representatives Speaker Nancy Pelosi and Senate Majority leader Harry Reid.
“All of us want to get something done, all of us want to get something done that will be temporary and effective, and all of us want to get something done as fast as possible,” Bush added.
A vicious rout of global stock markets at the start of the week sent the Federal Reserve scrambling to slash U.S. interest rates on Tuesday by three quarters of a point, the largest cut in more than 23 years.
Global equities pulled out of their nose dive after the cut but U.S. stock prices ended the day weaker with the Dow Jones industrial average down 128 points, or just over 1 percent.
It was unclear if the Fed action or the talk of a stimulus package would be enough to stem the turbulence.
“We have an economy sliding toward recession. Hundreds of thousands of families at risk to lose their homes. The price of gas and heat skyrocketing to all-time highs,” Reid, a Nevada Democrat, said on the Senate floor before his visit to the White House to meet with Bush.
Later, Reid told reporters he hoped legislation could be finished and ready for Bush’s signature by mid-February.
“We talked about doing something as soon as is legislatively possible — something that is targeted and something that is temporary in order to inject stimulus into the economy,” Pelosi, a California Democrat, said as she Reid left the meeting with Bush at the White House.
“Now we see across the world that the state of the economy in the U.S. is having an impact as well. So the urgency we feel at home is now even more urgent as we see the impact of our markets on others.” Pelosi said.
The package, which would mark a rare instance of cooperation between Bush and the Democratic lawmakers, is likely to include tax rebates, incentives for business investment and assistance for low-income people who would be hardest hit by the downturn.
But lawmakers are still negotiating the details of who should benefit from the tax rebates and how much of the package should be directed to low income and poor people.
“I expect we’ll have a vigorous argument over that issue,” said House Republican Leader John Boehner of Ohio, who has been in negotiations with Pelosi on the package.
The president has said he thought a plan worth 1 percent of the economy size, or up to $150 billion, could give the economy a significant lift.
But the White House left the door open to the possibility of a larger package, saying Bush was “not closing any doors.”
“While the president is waiting to talk about more of the details, the size of the package is going to have to be worked out,” White House spokeswoman Dana Perino said. “But he does believe it has to be around 1 percent GDP in order to have an impact.”
Perino said the package could help “avoid a potential downturn” but she added that Bush’s advisers were not forecasting a recession.
Treasury Secretary Henry Paulson welcomed the Fed’s interest-rate cut.
“This is very constructive and I think it shows this country and the rest of the world that our central bank is nimble and can move quickly in response to market conditions,” Paulson said.
The meeting between Bush and the lawmakers had initially been scheduled as a session to discuss his recent trip to the Middle East but the two sides decided it would also be a chance to discuss the economic package.
Under discussion is a plan that would temporarily eliminate the lowest income tax rate of 10 percent and give people the money back in a rebate. That would result in tax rebates of up to $800 for individuals and $1,600 for families.
The proposal would also allow businesses to take faster tax deductions for investments in new equipment.
The two sides are also reviewing extensions of unemployment insurance and extra spending on food stamps.