Monday, September 29, 2008
Finally, Nancy, We Agree...
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Letter to the Secretary of the Treasury Albert Gallatin (1802)
3rd president of US (1743 - 1826)
Edited by siteowner to include Jefferson's quote and commentary below.
PS: Since there has been much hand wringing and gnashing of teeth from those on the Always Wrong Right about how Nancy Pelosi's speech infuriated and alienated so many Republi-cons that they felt no other choice but to vote against the bailout, I think it is only fair to present Nancy Pelosi's speech in it's entirety. Judge for yourself.
To me, at least, two things are obvious. First, Ms. Pelosi is finally doing her duty and putting the American taxpayer first. Second, Barney Frank is right. This feigned anger on the part of the Republi-cons is merely a cover-up for their own miserable failure to muster the required number of votes from their side of the aisle to pass the Bill, and perhaps even deeper, a real anger at having their misdeeds, which created this crisis, finally exposed. It's a bitch when the chickens come home to roost, isn't it Sen. Boner, uh Boehner?
Like the corporate raiders of the '80's, the Bush Administration, aided and abetted by fellow Republi-cons, have dismantled our economy and sold off our assets to their own great profit. Coupled with the criminal war-profiteering going on in Iraq, this Administration has used all of us to their own advantage .
Understand this about Iraq - there is not now, nor has there ever been, a plan to "win". The plan has been to rape Iraq and the American taxpayer for as long as it remains profitable to a handful of Corporations. Same as Viet Nam. (Does anyone really believe that the country who defeated both Germany and Japan a few short years earlier couldn't have defeated North Viet Nam had thePoliticians wanted to?) The profit is in the treatment, not the cure. And the treatment is being liberally applied in Iraq right now, at a cost of thousands of American lives, hundreds of thousands of Iraqi lives and billions of our tax dollars, tax dollars that could have been well used to benefit the American Middle-class. That being said, I hardly think we can expect anything different from someone who voted with George Bush 95% of the time over the last 8 years - John McCain.
For the last 8 years, every attempt by the Democrats to right our Ship of State has been crushed by the Republi-cons. As Ms. Pelosi states below, Democrats couldn't even get a vote on a $25 billion Economic Stimulus Bill, and yet now comes George Bush, at the last minute, begging for $700 billion to cover his own ass and crimes, and save the country from his own miscreant behavior.
So, Ms. Pelosi had it right. The party is over.
Lets make sure it doesn't just end on Wall Street, but at 1600 Pennsylvania Avenue as well.
Like I said, judge for yourself.
For more interesting reading on this subject, follow this link: Bush Administration Adds $4 Trillion to National Debt, by Mark Knoller.
Moderateman, founder of the American Patriot Institute has been warning us about this disaster for quite some time now. A retired CEO himself, (and a former combat Marine), Mod has an understanding of financial markets, both foreign and domestic, that is astounding. I suggest that you visit his blog, The Moderate Man, and begin reading anywhere for an excellent viewpoint of our current financial crisis.
Enemy of the Republic at Cruel Virgin offers what I like to call a "street level" look on the Bailout Vote. Check her out here, Cruel Virgin.