h1

Reflections

October 4, 2008

On Monday the House demonstrated that, if only briefly, they were capable of growing a spine and actually standing up for their constituents, but their courage and responsibility to We The People quickly withered and disappeared as they acquiesced to media spin, party loyalty, and economic terrorism perpetuated by our country’s so called “leadership”.

It’s sad to realize that this is no surprise whatsoever. The real surprise was the fact that the House actually listened at all. Regardless, this is not a time to be taken by pessimism, for opportunity arises out of every situation. It’s up to the optimist to recognize it and act while that window of opportunity is open. But before any strategic action can be taken We The People must realize exactly what’s been done.

What Congress, both the House and Senate, demonstrated this week is that We The People cannot count on Congress to be any realistic solution. That said, I commend those Representatives who displayed courage and integrity by voting Nay as they had on Monday, while the others sold US out.

So what exactly did they sell US out for?

Sandwiched within the 451 page bill are an assortment of absurd and irrelevant previsions ranging from tax breaks for manufacturers “of wooden arrows used in toys for children, the “wool research fund”, “railroad track maintenance” and “race tracks” to tax credits for “economic development” in American Samoa. (http://www.myfoxcolorado.com/myfox/pages/News/Detail?contentId=7559373&version=1&locale=EN-US&layoutCode=TSTY&pageId=3.2.1)

Now, I’m not against tax breaks or tax credits but it’s economic suicide to decrease taxes while simultaneously increasing spending. I wish I could say that these needless tax breaks and wasteful spending were the worst parts of the bill but they’re only a symptom of the schizophrenia of Paulson’s bill as it cheated death earlier this week; maimed and left for dead by the House on Monday, stitched up and medicated by the Senate on Wednesday and back looting We The People by Friday.

In this week alone, we’ve been forced to suffer through the robbery perpetuated by Paulson, Bernanke and the rest of their Wall Street accomplices, the economic terrorism of Bush and McCain, and not to be left out, the betrayal by the Democratic Party “leadership” fronted by Obama and Pelosi.

Worse still, there’s a provision in the bill which should concern not only U.S. citizens but everyone around the world; their economies interdependently intertwined with ours. The provision of the bill which gives me chills are the new despotic powers granted to the US Treasury.

On Monday, political analyst and University of Pennsylvania professor Donald Kettl, said that “the power the bill would give Paulson and the next Treasury secretary is ‘unprecedented in American history and American government.’”

The Secretary of the Treasury Henry Paulson, former CEO of Goldman Sachs, along with several private international banks guided by the hand of the Federal Reserve are responsible for the state of the economy.

Let that sink in for just a moment.

Paulson and Federal Reserve Chairman Ben Bernanke have been foaming at the mouth with threats of economic meltdown had the bill not been passed. And unbeknown to most of the American people, due in no small part to the enormity of the bill and the short time there was to read it, the new powers granted to the Treasury was the aim all along. Prior to the proposal of the bill, Bear Stearns and Fannie and Freddie Mac had already been bailed out. So why would Paulson need a new bill to continue what he had already been doing? Because the 700 billion or 5 trillion, depending on whom you talk to, was a red herring.

This is the Problem-Reaction-Solution paradigm. A problem is created or exploited and then blamed on a patsy. In this case, the pasties are the people who “bought too much house”.  The problem was precipitated with the popping of the housing market bubble coupled with record debt accumulated over the last 8 years and the grossly devalued US dollar.  This crisis creation was to cause the people to react and ask the very same people who engineered the crisis to provide a solution*.  The architects of the problem would then come riding in on their white horse to give the people their solution, their “solution” being what their ambition was all along; more centralized power with no oversight, consolidation of wealth, and the bankruptcy of those with any wealth left to bankrupt.

Luckily, We The People have been paying attention like never before. Disrupting an important aspect of the Hegelian Dialectic. Instead of asking the architects of the crisis for their Bail Out, we opposed it! But that was just the first step. Now, rather than allowing ourselves to be sucked dry by the money masters, We The People must hold them accountable. We must point out the guilty parties to those who don’t or can’t see the men behind the curtain.

We The People have the opportunity to demand justice; to unlock the minds of those who would normally be apathetic. The pillars upholding the status quo are now liquid and open to be guided. Will you leave your destiny in the hands of those who wish to usher in an age of Neo Feudalism? Or are you willing to sacrifice your time and your sweat to fight for the liberty that We The People have taken for granted?

*The Federal Reserve, chaired by Alan Greenspan at the time, created the house market bubble by issuing easy credit together with the encouragement to use that easy credit to invest in the housing market. Then once people were leveraged out The Federal Reserve began restricting credit leaving those who relied on those low rates to make their payments left with few choices; incur more debt or have their homes foreclosed on.

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.