Bailout Or A Handout?
Obviously, the talk of today, and perhaps for the forseeable future, is the proposed taxpayer funded bailout of some ‘neck deep in debt’ banking and financial institutions. President Bush addressed the Nation last night at 9:00pm to explain what happened, how it happened and detailed what the plan is to fix it now and prevent this from happening again.
Reaction to the bailout, both before and after the President spoke, is very emotional with most Conservatives against the proposed bailout. Pat Buchanan, who should be required reading for all of us and is against the bailout, wrote An Amnesty for Stupidity on Tuesday.
John Hawkins of RightWingNews opined that there is no such thing as a Fiscal Conservative who would support the bailout.
Steve Sailor in June talked about the “Diversity Recession” and how Affirmitive Action helped cause the Housing Crisis. (You mean giving mortgages to people who can’t afford to pay it back is a bad business idea??)
And finally Michelle Malkin correctly points out that Credit is NOT a Civil Right and how giving money, credit cards, mortgages to illegal immigrants by the financial insitutions and enabled by Congress and the Bush Administration killed the mortgage industry.
Its simply amazing how the immigration issue worms its way into a debate on failed banking and lending policies. I don’t think that the $700,000,000,000 that we want to spend has anything to do with immigration.
Can you say..pandering to the base?
September 25th, 2008 at 12:54 pmActually if you did your research you would notice that some of that money is going to bail out illegal immigrants who can’t afford their mortgages anymore. American taxpayers subsidizing illegal immigrants homes.
September 25th, 2008 at 12:58 pmThere’s an article by Mayor Mike Halfacre on More Monmouth Musings about the current situation that makesa whole lot of sense. He’s a republican, so I’m not pushing any type of agenda here. Please read it and let me know what you think.
September 25th, 2008 at 1:05 pmambro,
It worked its way in the discussion because that is a major contributing factor to the problem.
Lenders lending money on a “handshake deal” to illegal immigrants and other groups under “affirmative action” programs led to this problem.
Who does Washington think they are fooling? Both Fannie Mae and Freddie Mac are Government sponsored enterprises to begin with.
September 25th, 2008 at 1:24 pmThe Making of the U.S.S.A
(UNITED SOCIALIST STATES OF AMERICA)
During this election campaign as America walks around in a sleepless slumber they actually believe that they are being diligent towards preserving this nation. They argue, debate and condemn the opponent of selling the interest of freedom and the people out.
Yet neither side of the argument is awake enough to realize that both presidential candidates just demonstrated that they both are for complete federal control and protecting the rich while enslaving the poor, and that they have absolutely no qualms about dismantling the authority of the United States constitution to do so.
The following is a copy of an E-mail that I have sent to numerous people, news agencies, patriotic groups, and have listed as a response on AOL Hot Seat at least three times. Not one person has responded to any of the communications. Why?
Financial bailout or criminal theft of 700billion dollars?
Many times concerning a constitutional issue there can be varying opinions as to the meaning of the constitution and it can be subject to abuse by lawmakers, in which case the validity of the law is then determined by the supreme court.
Now, what if the “law makers” intentionally and blatantly violate the procedures of law? Could this happen in America? By all appearances it did happen on Wednesday October the 1st 2008 when the U.S. Senate revised and voted to approve the bill for the 700 billion dollar financial bailout of the financial institutes of this nation. It also appears that if the House of Representatives vote on this unlawful bill, they also will be in blatant violation of the United States Constitution.
Article I section 7 of the United States of America clearly forbids the U.S. Senate from creating a financial or tax bill.
Section 7
“All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.”
(I suggest that everyone read Article I section 7 in it’s entirety).
In other words the only method set forth in the U.S. Constitution for the U.S. Senate to vote on or make amendments to any bill raising revenue is for that bill to have been voted on and approved by the House of Representatives and sent to the U.S. Senate for vote or amendment.
Once the House of Representatives discarded by majority vote the 700 billion dollar bailout bill and did not (could not ) send it forth to the U.S. Senate for vote or modification, the U.S. Senate had no legal authority in which to modify the bill or vote on it, and the U.S. Senate is strictly forbidden to create (originate) a financial bill to send to the House of Representatives for vote!
In the event that the House of Representatives should approve this illicit financial bill and the President of the United States should sign it into law, they would in fact be unlawfully authorizing illegal transferring of funds because the Supreme Court of the United States has already ruled that any written law that is deemed unconstitutional is null and void and never existed as law!
Will they actually do this? Will “we the people” actually allow them to get away with it?
I am confident that most people reading this e-mail is probably saying “what is the point? Both houses approved it by majority vote regardless of which house it originated in.”
Yet in reality, the point is of the greatest importance to the American people for several
reasons.
1. The writers of the United States Constitution placed Article 1 section 7 into the constitution for a very deliberate and specific reason. To protect the freedom and the control of authority over the nations finances and taxes to “we the people”.
Although the U.S. Senate is elected by the people they primarily represent State and Federal authority (as the President is elected by the people and represents federal authority).
The House of Representatives are elected to represent the will of the people within their districts. Any congressman that votes against the will of the majority of his constituents has violated the trust of the people!
The founders of our constitution knew that if a financial bill or tax bill could be presented by the U.S. Senate that it would be in favor of government and not in the best interests of “we the people”. They also knew that Government would “pressure and or intimidate the representatives of “we the people” into going against the will of the people to approve legislation for the government made by the government.
What just occurred in the passing of the 700 billion dollar bailout bill was just exactly what our forefathers were afraid of happening if they did not create section 7 of Article I within our constitution.
The financial bailout was opposed by the majority of the people and the House of Representatives voted it down. Even after the U.S. Senate illegally created a bill for the bailout and illegally passed the bill, approximately 52% of the general population was against the House of Representatives passing it with only 36% supporting and 12% undecided. Yet after the U.S. Senate created a bill by the government for the government, the House of Representatives was pressured (intimidated) into betraying the trust of their constituents and passing the bill. The pressuring (intimidating) of the House of Representatives into passing the bill is exactly what the U.S. Senate advocated they were doing!
2. At anytime that “we the people” remain silent and allow the government to blatantly violate the constitution whenever they deem it is necessary to fulfill the governments wishes to exhort control over the people, then we as the people are granting the government the authority to only use the U.S. Constitution when it benefits the governments will and disallowing it when it protects the peoples will. That my friends is full blown socialism at its best!
3. Both presidential candidates Barrack Obama and McCain are U.S. Senators and willfully with full knowledge knew they were violating the law of the U.S. Constitution and voting on a constitutionally invalid law to pressure the representatives of “we the people” into violating the trust of their constituents. As U.S. Senators these two men took an oath to uphold the U.S. Constitution, yet neither man fulfilled his obligation to do so when it became “convenient” to go along with violating its rule of law.
At this point, how can we in good conscience trust either candidate to uphold their oath to protect the U.S. Constitution and or act in accordance to the will of the people if they are elected to the highest office in this nation? Not one person with any intellectual ability can in good conscience deny that both of these candidates have fully demonstrated their desire for socialistic government control over and above the will of the people, and that they are both ready and willing to refuse to adhere to constitutional limits in exercising that control.
The only thing in the world that can prevent a complete alteration of our system and turning it to full socialism during this next administration, is if “we the people” start raising such a fit over this unlawful enactment of legislation that it gains enough political force such as to require the dissolution of the illegal law, and causes the representatives of “we the people” to go back to the drawing board and enact lawful legislation in accordance to the will of the people and the U.S. Constitution.
Truthfully we cannot trust our freedom and way of life to ANY individual. We must become “we the people” and act in force of numbers to defend our own freedoms and way of life and if we do not do this now, we will shortly be powerless as “we the people” to save us from our own government.
At this point in history it is not to late, but if we are unwilling to act in power of force of numbers now, it soon will be.
Everyone who reads this article has full permission (and encouraged) to copy it, e-mail it, post it, or use it in any method or manner in which will enlighten a sleep walking “WE THE PEOPLE”
Rev. Glen H. Inlow
October 5th, 2008 at 3:43 pm(Hidden Truth Ministries@gbis.com)
I dont usually reply to posts but I will in this case. Good stuff
July 29th, 2009 at 3:40 pmyour site is very great!!!
September 11th, 2009 at 3:51 am