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Author
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Topic: Just say NO to Corporate Welfare!
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Harpyr
Newflake Posts: 0
From: Alaska
Registered: Jun 2010
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posted September 25, 2008 03:03 PM
  
Wednesday, September 24, 2008
Dear Friends,
Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.
The events of the past week are no exception.
The bailout package that is about to be rammed down Congress' throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It's bailing out the financiers, the banks, the Wall Streeters."
That describes the current bailout package to a T. And we're being told it's unavoidable.
The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences - predictable, that is, to those who understand sound, Austrian economics - are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!
• The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.
• Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.
• Then there's this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.
There goes your country.
Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don't make me laugh.
Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind - another example of the big choice we're supposedly presented with this November: yes or yes. Now, with a backlash brewing, they're not quite sure what their views are. A sad display, really.
Although the present bailout package is almost certainly not the end of the political atrocities we'll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.
The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?
When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media?
Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.
In liberty,
Ron PaulIP: Logged |
Mannu
Knowflake Posts: 45
From: always here and no where
Registered: Apr 2009
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posted September 25, 2008 03:17 PM
Comes from a guy who has not won a single stateIP: Logged |
Harpyr
Newflake Posts: 0
From: Alaska
Registered: Jun 2010
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posted September 25, 2008 08:43 PM
His state elected him to Congress. IP: Logged |
jwhop
Knowflake Posts: 2787
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted September 25, 2008 09:15 PM
I like Ron Paul, like his ideas of small government, low taxes, low spending and paring down government agencies. In other words real Constitutional government which sticks to those things which the Constitution authorizes the federal government to do.IP: Logged |
TINK
unregistered
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posted September 25, 2008 09:56 PM
quote:
Comes from a guy who has not won a single state
Oh c'mon, mannu.  As if that qualifies as a mark against the man. I like him. A voice crying out in the wilderness, you might say. IP: Logged |
NosiS
Moderator Posts: 145
From:
Registered: Apr 2009
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posted September 25, 2008 11:03 PM
That's funny. I just came to this thread after watching a video about Ron Paul addressing Bernanke. Just thought I'd share:
http://www.youtube.com/watch?v=dv6rQ0U01Yc IP: Logged |
goatgirl
unregistered
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posted September 26, 2008 05:32 AM
It looks like Bernanke is doodling in that video. He's bored. He doesn't really give a crap about what Congressman Paul has to say, he just wants his money...what a turd.------------------
The truth is ... everything counts. Everything. Everything we do and everything we say. Everything helps or hurts; everything adds to or takes away from someone else. ~ Countee Cullen We are weaving character every day, and the way to weave the best character is to be kind and to be useful. Think right, act right; it is what we think and do that makes us who we are. ~ Elbert Hubbard The simple act of caring is heroic. ~ Edward Albert IP: Logged |
Mannu
Knowflake Posts: 45
From: always here and no where
Registered: Apr 2009
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posted September 29, 2008 01:32 PM
Tink,
I liked him too. And was my pick. I have a special liking for those born on the 20th. Their judgement is well weighed and they make great legalists. Why do I believe that Americans has this habit of seldom voting objectively? It was always based on what the heart says. Why didn't he win a single state? Doesn't it prove people look for charisma in politicians. It was always the case it appears. They also know that dreams comes with a price tag, but they still buy in to that dream. That smirky smile was a reminder. I mean look at the current election scenario. Mind says "Whoever spends less needs to be president - other factors remaining equal". Do you think American's will vote with their mind this time? A broke government cannot spend. What they promise us today will come out from tax payers money in the future. But we still dance to the tunes of politicians , don't we? It has become a habit sort of.
IP: Logged |
Eleanore
Moderator Posts: 112
From: Okinawa, Japan
Registered: Apr 2009
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posted September 29, 2008 08:45 PM
Isn't it actually really, really sad that anyone who refers to the actual Constitution or what it actually says and stands for is rarely given much thought or support? Out of touch. Old fashioned. Too traditional. IP: Logged |
Heart--Shaped Cross
Newflake Posts: 0
From:
Registered: Nov 2010
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posted September 30, 2008 01:49 AM
More good ideas from Ron Paul: http://www.youtube.com/watch?v=ihCP3cfS88E http://www.youtube.com/watch?v=fH9nOWnp5G0 http://video.google.com/videoplay?docid=3616885801407973665&hl=en IP: Logged |
Heart--Shaped Cross
Newflake Posts: 0
From:
Registered: Nov 2010
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posted September 30, 2008 02:32 AM
Nader and Chomsky explain Corporate WellfareThe Nanny State to Take Care of the Rich: http://www.youtube.com/watch?v=iVDPxVy7h38
Chomsky warned us all about this in his book,
"Free Market Fantasies; Capitalism in the Real World"
We still havent caught up to what these "radicals" have known all along.
More on Chomsky's book here: http://www.youtube.com/watch?v=SgFlJjnULh0
IP: Logged |
Lindaland
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