Thread: Stop the Bailout

Speaking of John Kerry, I just wrote him (and my congressman as well):

I am very dissapointed to see that you are in support of the bailout bill.

Do NOT carelessly spend OUR taxpayer dollars on this boondogle.

If you continue to back the bill I will certainly be voting for another representative the next opportunity I have. Whether that occurs this election cycle or the next. I will not vote for anyone who supports this bailout bill.

Sincerely,

Originally Posted by maplemaker

The representative republic is to send representatives back to the seat of government to vote the will of the people so that the people don't have to individually go to the polls every single time something needs voting on, it's not so they can vote against the peoples' will.

Actually, convenience is the smaller part of it. Last time this came up in a discussion Mike posted a quote from Madison on the subject - take a look at it http://straightrazorpalace.com/conve...tml#post261182 .

As far as Elite class, I suppose some people could debate whether there should be one or not, but I don't know of a single country where such class does not exist. Whether we like it or not, children are more likely do go in the profession of their parents as they get all kinds of support if they do. To me that's the cause for it and it's on such a fundamental level that I don't see any way around it.
In any case I didn't say political elite class, I said elite. Whether or not they form a class, they are elite as their position grants them power and privilege, even if temporary.

And I most certainly agree that if the majority is determined to do something in the long term they can do it. What the representation affects is the short term decisions, such as this one. It increases the inertia of the system, which ensures stability. The judiciary branch is the one with most inertia and that is a good thing.

In any case I've said it before - to me the turnover in the representation only shows that the american society in general is actually happy with their representatives. I suppose if elections weren't so close, voting on this bill may be different. Two years is not a terribly long timeframe but it's significantly longer than month and a half.
In any case, I think it's a pretty good system - the public opinion can keep hostage 1/3 of the representation.

In North America Elite Class = those that are doing better than the average. If you don't want this I take it you are for a true marxist society, where everyone is equal hmmm. Who would of thought Americans would want a marxist society.

I think it all boils down to greed, the bankers were greedy, the investors (which are the average taxpayer and middle class) were greedy, now all the ones railing against the bailout mostly are doing so because they are short sighted and don't see anything it it for THEMSELVES. The US and the majority of the population are greedy and selfish, that would include myself too before you say it.

The Senate and house are now calling the bail out "The Rescue initiative" or som such nonsense! They figure it will make the idea of socialism that this bill introduces more palatable to the American people!

It reminds me of the Clintons stealing everything they could before leaving the white house, bushie is doing the same thing.

Originally Posted by JMS

The Senate and house are now calling the bail out "The Rescue initiative" or som such nonsense! They figure it will make the idea of socialism that this bill introduces more palatable to the American people!

Just out of curiosity, what's socialist about the rescue? Seems to me that taking public funds to bail out capitalist institutions like banks and corporations is more fascist than socialist.

Just a thought.

j

Originally Posted by Hutch

In North America Elite Class = those that are doing better than the average. If you don't want this I take it you are for a true marxist society, where everyone is equal hmmm. Who would of thought Americans would want a marxist society.

It comes down to this: I'm elite; the rest of you aren't.

In other words, the definition of "elite" it depends on whose side you're on. Sarah Palin is somebody's elite.

j

The Federal Reserve Banks should be seized by Congress under Article 1 Section 8 of the Constitution. The FED banks could survive as clearinghouse banks, but the Federal Reserve that has robbed the American people for 100 years would cease to exist. The debt owed by the American people to the FED banks would be discharged in bankruptcy. Congress would take monetary policy from the FED and would simply stand in place of the FED through a monetary board. The FED credit computers would be transferred to Congress who would issue new credit (money), because under our present system 97% of all money originates as credit. This new credit would keep the system going and prevent collapse. It could all be done without interest and without debt. The backs of the international banking cartel would be broken forever, and the American people through their elected representatives would control monetary policy; i.e. money in circulation, interest rates, and credit availability.Pearlstein, Bush, Paulson, Pelosi, along with Obama and McCain, should also read the U.S. Constitution. Then they would see that the problem stems from the fact that in 1913 Congress privatized our money supply by turning it over to the private banks that own the Federal Reserve System. This is also why we have lived under the mass delusion that a healthy financial sector leads to a healthy producing economy. Actually it’s the other way around. The financial sector should support the producing economy, not bleed it dry through interest, fees, commissions, and the destruction that arises from financial profit-seeking.
There is also the fact that while the producing economy has been hammered by job outsourcing and bled white by financial parasitism, it is still a powerful machine that can produce the goods and services people need. We are a strong, capable nation. And we are blessed with the resources we require for a decent standard of living, though not necessarily at a rate of consumption that forever outpaces the rest of the world. But what is wrong with that? The underlying strength of the producing economy was on display the other morning, when the Dow-Jones defied the doomsayers by coming back strongly the day after the bailout was defeated. Use the power of the money supply to rebuild the producing economy that we have given away and rebuild it from the bottom up: from Main Street. Unfortunately the fat cats and their political and media apologists “just don’t get it.” But the American people and the members of congress who voted the right way do.

Originally Posted by nun2sharp

It reminds me of the Clintons stealing everything they could before leaving the white house, bushie is doing the same thing.

I don't believe that it turned out that the Clintons actually stole anything. Even the "W" keys on the keyboards were safely stashed in the desk drawers.

Getting favors for pardons, of course, is another matter.

j

Originally Posted by Brother Jeeter

The Congressional "leaders", in applying coercive tactics to members of congress to force them to reverse their votes, are SUBVERTING the Constitution, and they are doing it on national television in full view of America!
denmason

There wasn't actually any coercion -- certainly nothing like Hastard used to get the Medicaid Drug Benefit passed.

Pelosi held the vote open for about 30 minutes while Hoyer and Boner tried to get their troops into line -- an effort that Hill observers described as "half-hearted -- and then called it quits.

DeFazio (sp?) of Oregon -- a Democrat who voted against the bill -- said in an interview later that day that Hoyer had told him to vote his conscience, so he did. No problem.

j