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Archive for September 26th, 2008

Come-on people…it is gut-check time!!! You want a republic to be proud of? Now’s the time to find you spine.

We got the government we worked to get. Right, none of us worked hard enough and this is what laziness has wrought.   We didn’t mind when it was someone else’s dollar. Enron was a joke. Now we are all in the same financial concentration camp.

  • Bills, in one form or another, assigning $700 billion to Paulson are on the table or will be…

  • Henry Paulson, is the Secretary of the Treasury; a Cabinet position, fifth in line to succession as President.

  • He and the other people who 3 months ago said the economic fundamentals of the nation were sound are now in the triage room trying to keep the economy alive. Our economy…

Before succumbing to fear’s faux response, the watermark of the major arguments for everything for the last 7 years, we, not Congress, should re-read Article 1, Section 1 of the Constitution; our Constitution.

“All legislative powers herein granted shall be vested in Congress of the United State, which shall consist of a Senate and House of Representatives”

The congress has abdicated essential legislative powers in the last 24 years to the executive branch making this bail out not only ill conceived and anti-market driven but above the law. Supplanting the rule of law – laws written by the elected representatives now abdicating their responsibility to leave for legislative recess – with the rules of the executive branch places another jewel in the imperial presidency.

This is about information and misinformation, subjects addressed here without much coddling or political correctness. Right now the putzes in Washington want you to decide without information.

First of all, legislative control of public funds is not a discretionary matter for our government. It is not as Commander and Chief of the Treasury that the President or a Supreme Court Judge gets to ramble on down to Wall St. in an exercise to control the flow of capital through the veins of American Capitalism.

In a free market the impact isn’t always positive. There is always a risk of malfeasance as well as determined but unpredictable events robbing the speculators and the institutional investors of their goals.

When new programs are reviewed be they healthcare or tax treatments we get no where. The Congress stifles discussion and leadership.

Subject Matter Congressional Response

Social Welfare Reform:

“…just a payoff to lazy cheats!”

Socialized Healthcare Reform:

“…just another liberal giveaway scam…”

Socialized Capitalism

Thank God!

WE ARE RUDDERLESS!

You can’t tell the difference between the parties any more. None of them can tell themselves apart from the people they ridicule across the isle or across the sea.

The enormous range of intricacies including our financial services under siege is of our Congressional making. Financial services are interesting because they are THE bridge between the private and public sectors that were shunned by congressional oversight and lack of cohunes to make the tough decisions for two decades.

If you abdicate getting involved and allow this bailout, which program might you consider more seriously in the future? Healthcare, earthquake relief, atomic weapons for Texas…? Find you spine!

As George Will has stated, “these are micro problems, although quite huge, pale next to the macro problem…”

And what are those you ask?

o Retirement of 78 million baby boomers in roughly the last 9 months

o Aging population with medical needs that can’t be met

o Transition to a welfare state requiring more economic growth, not collapse

o Lower revenues for everyone moving from a manufacturing to service entity

Today’s crisis will require our governments to print large amounts of capital further devaluating the dollar here and in the world market – at an accelerating rate that has been dropping for almost 6 years.

o That money is being allocated based on a non-existing economic plan

o That money being controlled by people who didn’t do the job they were hired by Congress to do in their Cabinet positions.

o That money is being allocated on non-economic considerations

o That money allocation is not subject to review by Congress just like we are being asked to forfeit the right to do in governments hast today

Either way, we are all going to suffer for past bad business entanglements that our government put in the hands of the very people who are now telling us that $700 billion will make the problems go away.

I don’t believe it.

What’s more, are subsequent generations willing to sign up to pay for rippling cost acceleration generated by a predatory role of the state in allocating financial resources without consequences that even Congress walked away from?

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