Showing posts with label bail-out. Show all posts
Showing posts with label bail-out. Show all posts

Friday, October 3, 2008

Malpractice on the Senate Floor

I understand how difficult it is to keep up with everything that happens in the U.S. House and Senate. This past Wednesday was epic. Below are two testimonies that I encourage you to read. I heard these while listening to debate over the bail-out, before the Senate voted on Wednesday nigh, where they attached the $700B bail-out to THE PAUL WELLSTONE MENTAL HEALTH AND ADDICTION EQUITY ACT OF 2008. Here are a couple of quotes to get your attention and interest...
"We have fought communism, dictators, and tyranny. We have helped establish democracies and free-market economies across the globe. Because of America, millions of people are now electing their leaders, and millions have been taken out of poverty and enjoyed prosperity. Yet as the blood of our young men and women falls on foreign soil in the defense of freedom, our own Government appears to be leading our country into the pit of socialism. ...

If we were honest with the American people and explained the failures that have led to this financial crisis, we might have the credibility to ask our citizens to allow us to borrow another $700 billion in their name to try to fix this problem. But we are not being honest. This problem was not created by our free enterprise system. It was created by us, the Congress and the Federal Government" -
Senator Jim DeMint - South Carolina

"For those of you who are not familiar with those two portions of our Constitution, they are very clear. Article I, section 8 is the enumerated powers that are given to Congress. They are very specific. They are very direct. It tells us what we are to be dealing with and what we are not to be dealing with. It tells us the extent to which the Federal Government is to intervene in the lives of Americans. ...

As a practicing physician, I compare where we are today to a physician who commits malpractice."
- Senator Tom Coburn - Oklahoma


These are powerful words in my book. Now is the time to put pressure on our Congress to reign in the federal government. We are in violation of our own Constitution and we keep feeding the monster of federal tyranny.

Wednesday, October 1, 2008

The House Heard You

Your voice makes a difference in politics. Congressman John Carter's officer heard the tax-payers voice on the bail-out proposal. Please read the following story regarding from the Austin-American Statesman ...
Bailout fears were heard, Texans tell constituents
By EUNICE MOSCOSO
Wednesday, October 01, 2008


God Save the U.S.A.

Thursday, September 25, 2008

Huckabee Disgusted with Republicans over Bail-out

On Monday Gov. Mike Huckabee expressed his disgust with Republicans over the Wall Street bail out...
"It’s especially disconcerting to see the very people who pilloried me during the Presidential campaign for being a “populist” and not “understanding Wall Street” to now line up like thirsty dogs at the Washington, D. C. water dish, otherwise known as Congress, and plead for help." - Gov. Mike Huckabee 9/22/08


What I can't figure out is why only a few people are discussing the origin of these problems. The FHA, Fannie Mae, and other housing federal programs/agencies were started as a part of the New Deal. Combined with elimination of the gold standard, the New Deal is a Raw Deal. The Federal Government has no business underwritting housing purchases.



Think about the process of buying a house. When people sign all those papers on a new home, do they really know what they are doing? Do the mounds of regulation and paperwork actually protect the buyer, or do they make it easier for crooks to get away with their robberies?




McCain/Palin, Obama/Biden and others are complaining about Wall Street. I think they're pointing at the wrong institution. The real problem is the over-bearing complexity of government regulations and their false promise to protect the people.



Wall Street has its problems, but the size of the Federal City is a bigger problem. If McCain and Palin are truly reformers, why are they going after Wall Street instead of Washington? What are your thoughts?

God Save the U.S.A.


U.S. Captiol Detail - Photo by jcolman (flickr)