ThaLorax
Active member
Please don't take this as "another Ron Paul thread". I know it's long but please read the whole thing. I'll even provide a little video at the bottom as a prize to all you ADD kids (99% of NS) who made it through the whole thing (and don't think you can skip the reading and just watch the video). Anyways, I saw this email that Ron Paul wrote and thought I should share it with NS. I especially liked the last line personally.
Please keep responses civilized.
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 Paul
Please keep responses civilized.
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 Paul
