Comments on: Historic Financial Rescue Bill Approved
President Bush Signs Complex And Highly Criticized $700B Package After It Clears Congress
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- Franklin said ''A Republic If You Can Keep It'' - We Didn''t
www.larouchepac.com/news/2008/10/04/franklin-said-republic-if-you-can-keep-it-we-didnt.html
Part 1
''Benjamin Franklin famously remarked that the Founding Fathers had given us ''a republic, if you can keep it,'' and the actions of the Bush Admin and the US Congress have answered Franklin with a resounding ''No!'' Virtually everything about the bailout bill, from its name to the reasons given for passing it, was a lie. The ''Emergency Economic Stabilization Act of 2008'' is a travesty of justice, an act of economic incompetence, and a slap in the face to the American people and the Constitution.
This bill was a complete sellout of the American people, and of the principles upon which this nation was founded. What it does, is give billions of dollars and eventually trillions of dollars of money to the same Global Financial networks which have destroyed the industrial and productive capacity of the US economy, so that they can continue that destruction. It would have been better had the government done nothing. Instead, they gave the nation away to the thieves.
Un-Constitutional
Consider the ramifications of this abominable Act. Firs, it seeks to bail out the very financial system which has destroyed our economy, impoverished most of our people, and would create a virtual bankers dictatorship within our government.'' - Reply to this comment
- Part 2
''2nd, it would impose upon this impoverished population a heavy tax to support this bailout of international financial institutions, a tax that the people cannot pay. 3rd, it will lead inevitably to a level of hyperinflation of the sort that destroyed Weimar Ger in 1923, destroying the value of our currency and wiping out what is left of our economy. 4th, in blowing up the dollar, it will also destroy the global economic system based upon the dollar, wreaking havoc far beyond our borders.
This law was passed over the vehement objections of the American people, who had made it clear to Congress that the bill should be rejected. The idiots who did this added insult to injury by claiming that they did it for ''Main Street,'' for ''the American People,'' but they really did it for the financial parasites who own them. They did it for the bankers of the Anglo-Dutch Liberal system, and the British Empire.
The Western Central Banks have pumped more than 5T in cash into the banking system, over 3T of that has come from the FED and the Treasury. The number of emergency lending facilities has proliferated as the losses spread through the financial institutions. None of this has worked, and banks in the US and Europe are failing at a growing rate. They are trying to bail out a bottomless pit, and it isn''t working; this bailout will not be any different. With the bailout will come savage austerity, as infrastructure and essential societal functions are cut to pay back the loans.'' - Reply to this comment
- Posted by BagdadsHere4 at 01:28 PM : Oct 04, 2008
On 20 January 2009, turn your head towards Mecca and start praying. Go practice today in your house instead of looking at this screen.
Posted by lovegetpeace at 01:33 PM : Oct 04, 2008
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God D"amn mecca,Islam and Muslim. I dont believe in religions just God. - Reply to this comment
- Posted by BagdadsHere4 at 01:28 PM : Oct 04, 2008
Do you know where all American men have to go to get Baptized as Muslims? I wish to know if there will be one locally. - Reply to this comment
- Posted by BagdadsHere4 at 01:28 PM : Oct 04, 2008
On 20 January 2009, turn your head towards Mecca and start praying. Go practice today in your house instead of looking at this screen. - Reply to this comment
- Posted by BagdadsHere4 at 01:28 PM : Oct 04, 2008
Where is that hot smoking gun? - Reply to this comment
- Posted by BagdadsHere4 at 01:19 PM : Oct 04, 2008
CORRECTION...
You cannot believe how much I love what you write. What you write is working awesome for the Democratic Party and not you Idiot.
PLEASE continue to Think, Believe, Say, Write and Do exactly as in the last 13 years. PLEASE! I LOVE ALL THE NEOCONS JUST LIKE BagdadsHere4 WHO ARE MAKING MY DREAMS COME TRUE!
Posted by lovegetpeace at 01:24 PM : Oct 04, 2008
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So why you complain and call me idiot? Idiot. You admit YOUR DEMONCRAT PARTY allied to terrorists and tried to defeat our troops in Iraq so MUSLIM OBAMA might have a chance to win? I dont think MUSLIM OBAMA can win cause even after a serious FINANCIAL MELTDOWN caused by the DEMONCRAT CONGRESS MUSLIM OBAMA has only a 5 points lead. Its a ridiculous performance. - Reply to this comment
- Posted by BagdadsHere4 at 01:19 PM : Oct 04, 2008
Hint: Find the smoking guns and you will win. - Reply to this comment
- Posted by BagdadsHere4 at 01:19 PM : Oct 04, 2008
CORRECTION...
You cannot believe how much I love what you write. What you write is working awesome for the Democratic Party and not you Idiot.
PLEASE continue to Think, Believe, Say, Write and Do exactly as in the last 13 years. PLEASE! I LOVE ALL THE NEOCONS JUST LIKE BagdadsHere4 WHO ARE MAKING MY DREAMS COME TRUE! - Reply to this comment
- Posted by BagdadsHere4 at 01:19 PM : Oct 04, 2008
You cannot believe how much I love what you write. What you write is not working for me and not you Idiot.
PLEASE continue to Think, Believe, Say, Write and Do exactly as in the last 13 years. PLEASE! I LOVE ALL THE NEOCONS JUST LIKE BagdadsHere4 WHO ARE MAKING MY DREAMS COME TRUE! - Reply to this comment
- Our economy went well until DEMONCRATS won CONGRESS MAJORITY. The DEMONCRAT PARTY is responsible for all this mess in our country since then. That has an explanation: The DEMONCRAT PARTY decided that the only way MUSLIM OBAMA could win the elections was if our economy went bad. First the DEMONCRAT PARTY tried to defeat our troops in Iraq and failed. Then the DEMONCRAT PARTY forced the high prices of fuel, and now the DEMONCRAT PARTY caused the financial crisis on Wall Street. The DEMONCRAT PARTY is capable of anything to elect MUSLIM OBAMA.
- Reply to this comment
- Posted by curse914 at 01:03 PM : Oct 04, 2008
You point out the huge gray area of Socialism over all other systems. Nobody can define or name a mestizo.
What I do know for sure, just like you wrote, Pure Capitalism does not work period and period.
Capitalism without Government Control of Greed and Speculation is just like your Car without a Thermostat to Regulate the Temperature of the Engine.
Capitalism works BEST under Communism where workers have almost no rights and under the FIRM CONTROL of a Central Government. - Reply to this comment
- Posted by curse914 at 12:46 PM : Oct 04, 2008
Communism is getting extremely RICH, see China, Vietnam and Russia.
Socialism is getting very RICH, see all Europe, Asia, Canada and Latin America.
Democracy is getting very poor, see USA.
Who cares about Mussolini, SOCIALISM is all around us outside our borders. - Reply to this comment
- Posted by curse914 at 12:31 PM : Oct 04, 2008
I totally agree with you that the perfect solution is in the middle of Socialism and Capitalism. I am trying to touch the weak nerves of NeoCons. - Reply to this comment
- This isnt historic legislation. This is a repeat of the crash in ''29 when people were bilked out of $7 billion of 1933 money and the Glass-Seagall act was signed regulating banking. This was repealed under Clinton in ''99 only to have the same thing happen again. Sen. Grahamm recieved 1.5 million from lobbyists to influence his vote like all the other senators to de-regulated banking. Our elected officials get richer while allowing the people to be swindled. Shame on them. Shame on us for continuing to vote them into office.
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- Posted by BagdadsHere4 at 12:12 PM : Oct 04, 2008
I greatly appreciate you and all your NeoCons for ensuring the ECONOMY and not Iraq and Afghanistan to be the central issue in this campaign.
Keep up this awesome hard work. I love you and your family forever! - Reply to this comment
- Posted by BagdadsHere4 at 12:12 PM : Oct 04, 2008
I greatly appreciate you and all your NeoCons for ensuring the ECONOMY and not Iraq and Afghanistan to be the central issue in this campaign.
I love you forever! - Reply to this comment
- LIKE ALWAYS AS IN THE LAST 3 GREAT DEPRESSIONS and LAST 26 RECESSIONS, SOCIALISM HAS RESCUED CAPITALISM.
CAPITALISM IS NOW A TOTAL JOKE AROUND THE WORLD.
BRAVO FOR SOCIALISM! - Reply to this comment
- Posted by BagdadsHere4 at 12:12 PM : Oct 04, 2008
Everyday, Please start reading the Muslim bible while facing to the holy city of Mecca in Saudi Arabia. See you in Mecca next year as required. - Reply to this comment
- Good job DEMONCRAT PARTY. You messes up our economy to help boost your candidate MUSLIM OBAMA. Shame on you DEMONCRAT CONGRESS.
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