Posted on 09/26/2008 6:41:33 AM PDT by IbJensen
I’ve changed my mind.
After about three days of wide-eyed faith in the smart boys in Washington, this deal is starting to smell like what it is.
Bull crap.
The entire Wall Street bailout. It’s nothing but stinking bull crap. It’s the biggest money and power grab in the history of our country. It guts the Constitution, it financially enslaves us and our children, it essentially bankrupts our nation, and it violates every rule of fair play there is.
Economic collapse is preferable to this deal.
And I think we ought to call their bluff.
Just because the secretary of this and the chairman of that tell us that a global financial meltdown is just days away, that doesn’t make it so. These same people have been wrong about everything else they’ve predicted since this difficulty began. I personally don’t feel any obligation to believe their sky-is-falling routine.
And even if they’re right, I’d rather take the economic hit and work our way out of it than commit the sins against our Republic that are all through this immoral scheme.
And this is exactly that – immoral.
It is immoral to make working Americans pay for the failings and greed of individuals and companies on Wall Street.
It is immoral to make responsible people clean up the mess of irresponsible people.
It is immoral to put this vast amount of money and power into the hands of one man or one committee.
It is immoral to impose textbook socialism on American finance and business without the consent and cooperation of the people.
It is immoral to give to government sweeping powers that cannot in any way be justified by a resort to the Constitution.
It is immoral to heap such debt on the government or the taxpayer.
It is immoral to expect the American taxpayer to shoulder the cost of “saving” the world economy.
It is immoral for such a massive governmental move to be made without extensive and deliberate public input and debate.
Put another way, the Wall Street people crapped the bed – let them sleep in it. Working people didn’t cause the problem and working people shouldn’t be expected to clean up the problem. People who pay their mortgage shouldn’t have to pick up the tab for people who don’t pay their mortgage.
And we shouldn’t abandon principle for expediency. Americans shouldn’t have to abandon their beliefs, the free market or their form of government because some business types got greedy and some government types got stupid.
If the American economy is so mis-structured that the collapse of some alphabet-soup companies puts it over the edge, then maybe it needs to go over the edge. If we’re that weak, maybe we should knock it down and start over.
We’ve gone through recessions before. We’ve gone through collapses before. We’ve been through economic hell in this country several times, but each one of those times – except, possibly, under FDR – we stuck by our Constitution and we stuck by our heritage. There’s no reason we ought to do any different this time.
And there’s no reason we ought to believe that government debt – the root cause of so many of our economic problems – is the solution to this problem. Two wrongs don’t make a right, and this cure is worse than the disease. To saddle our economy with this debt will have a long and terrible impact on American workers, taxpayers and businesses.
Far better to take our medicine now and get it over with. Better to weather the storm than to delay it and ultimately intensify it.
So I’m not going along anymore. The negatives outweigh the positives. I don’t trust these people when they predict dire outcomes, and I don’t believe that those dire outcomes – should they happen – are worse than what the fatcats are trying to shove down our throats.
Don’t sell out your principles for a mess of pottage. Don’t throw out the Constitution and capitalism because we’re in a tight spot. Stand like Americans, don’t capitulate like slaves. Men have fought and died for political and economic freedom, and Washington wants us to hand some of that back because of something we don’t understand on the evening news.
This bailout is a bad thing.
It is a first cousin to slavery.
And I’ve turned against it. I’m going to call my congressperson and my two senators and I’m going to ask them to vote against it.
I maintain that the entire pending collapse of our economic system is due to clueless politicians and their homosexual handmaidens. (eg: Barney Fwank, et al)
We will not collapse. The new world order will collapse.. Why do you think Paulson is on his knees to PELOSI. Courage me buckos. Stand against international socialism. This is our last chance.
If you maintain that you would be wrong. It is the result of planning and execution in order to create panic and fear so they can do just what you see happening, taking away our freedoms and enslaving us to an even greater degree.
This is NO accident, but the result of years of hope and planning.
I agree with you completely. Thank you very much for putting these thoughts into words.
The Rats have the majority. Let them vote in the bailout without the republicans. They wont -they are scared to death that the people of this nation are watching them and are too chicken to go this one in a partisan manor....
Stand your ground - no bailouts!!!
Go to www.fedupusa.com.
This guy calls it the “No Banker Left Behind Act”.
Way To Go Lonsberry! (This guy is fantastic on the radio!)
I was a little worried when I heard you profess support for this- but I see now that your brain is still working just fine.
There may be the need for a $700Billion fix to this mess, but I DO NOT WANT the same people who CAUSED the mess to be in charge of that money
“And I think we ought to call their bluff.”
And bluff it is. Bwany Fwank et al. want this bailout because their fingerprints are all over the initial cause. Bwany Fwank et al. are desperate and praying they can cover up and get away with everything.
In 2005, I attended a session about the future economy. They had a graph of ALL economic conditions. They predicted a Global Depression sometime between March and June 2009. I’ve been following that chart since. So far everything predicted has happened. (Self fulfilling prophecy? I don’t know)
But I feel like I’m in a segment of the Twilight Zone.
Gotta go back to the phones.
Sherwood Brown and George Voinivich will not answer their phones!
I agree. NO BAILOUT. The whole thing is suspect, especially since they’re trying to ramrod it through Congress without oversight or debate.
I believe you are correct. After what I’ve seen in the markets recently the manipulation of certain asset classes has gone beyond the pale. The control of the nation’s money supply needs to be wrested from the bankers and Treasury handled by someone other than a sucession of Goldman chiefs. This Paulson plan is a real pig in a poke along with being blatantly unconstitutional. Paulson wants to unload worthless junk for much more than it’s worth in a fraudulent reverse auction process. The hedge funds will have a heyday arbitraging this process. Buying this junk and selling it to the Treasury at artificial prices.
Thank goodness for Shelby and some pubbie house members with backbone
I agree! Let’s hold the high ground and let the rats rearrange the deck chairs on the Titanic.
ping to the article
".
Did the New Deal end the Great Depression? Pearl Harbor, December 7, 1941.
A. New Deal programs created during the First Hundred Days and afterwards moved the economy towards recovery and helped to lessen the Depression's impact on citizens, but the effects of the Great Depression stubbornly held on into the early 1940's.
When the United States became involved in World War II, the drafting of young men into the armed services and the creation of millions of new civilian jobs in the defense and war industries finally brought the Great Depression to an end.
Many agencies left over from the New Deal were re-tooled to assist in war mobilization then were abandoned at the end of the war.
However, those New Deal programs and agencies of lasting importance, such as the Social Security Administration, the National Labor Relations Board, and the Securities and Exchange Commission, are with us still today as monuments to the innovation of FDR's New Deal."
So what's the important difference between then and now? We are at war. But where are the manufacturing jobs? In China. So we didn't (and can't) create jobs here to put our own people back to work.
sw
Amen, brother! I just fired off an e-mail on Congress.org expressing much the same sentiments. Fortunately, my Congress critters include Senators James Inhoff and Tom Coburn.
FReepers need to check out the C-Span speech by Thaddeus McCotter on YTube. This guy gets it!
Why can't we create the jobs here? I don't know about yours, but my grandparents and great-grandparents weren't super-human. Those generations built an industrial powerhouse that we let slip away. We can rebuild it, even better, if we want to.
Sounds like this could be a Barney Frank bumper sticker...
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