Bradley in DC
09-26-2008, 12:19 PM
http://thirdpartywatch.com/2008/09/26/third-party-unity-against-bailouts/
Third-party unity against bailouts
Posted by TPW News Items --- September 26th, 2008
Bob Barr (Libertarian Party) calls Treasury Secretary Paulson’s $700 billion gift to his Wall Street friends the “bailout from hell”:
The Bush administration played this game before, using 9/11 to ram the Patriot Act through Congress, and then misused its authority while resisting court oversight. Never again should Congress allow itself to be duped in this way.
Independent presidential candidate Ralph Nader calls it “the Goliath of domestic panic legislation”:
Over the years, every time Congress acted in haste, it was an unsuccessful boondoggle, from the $3 billion synthetic fuels legislation of 1980 to the 2002 Iraq War Resolution. The proposed $700 billion blank check is the Goliath of domestic panic legislation. It’s a triple whammy on the American people as taxpayers, consumers and workers.
Chuck Baldwin (Constitution Party) calls it “sugar daddy government“:
Our entire financial system is based on an illusion, with a foundation built on quicksand. We spend more than we earn, we consume more than we produce, we borrow more than we save – and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency called the Federal Reserve Note, created out of thin air by an international banking cartel called the Federal Reserve.
And Cynthia McKinney (Green Party) offers 10 steps (now expanded to 14) Congress can take instead of signing a blank check for $700 billion. Here is No. 11, for example:
Appointment of former Comptroller General David Walker to fully audit all recipients of taxpayer cash infusions, including JP Morgan, Bear Stearns, Fannie Mae, Freddie Mac, and AIG, and to monitor their trading activities into the future.
Third-party unity against bailouts
Posted by TPW News Items --- September 26th, 2008
Bob Barr (Libertarian Party) calls Treasury Secretary Paulson’s $700 billion gift to his Wall Street friends the “bailout from hell”:
The Bush administration played this game before, using 9/11 to ram the Patriot Act through Congress, and then misused its authority while resisting court oversight. Never again should Congress allow itself to be duped in this way.
Independent presidential candidate Ralph Nader calls it “the Goliath of domestic panic legislation”:
Over the years, every time Congress acted in haste, it was an unsuccessful boondoggle, from the $3 billion synthetic fuels legislation of 1980 to the 2002 Iraq War Resolution. The proposed $700 billion blank check is the Goliath of domestic panic legislation. It’s a triple whammy on the American people as taxpayers, consumers and workers.
Chuck Baldwin (Constitution Party) calls it “sugar daddy government“:
Our entire financial system is based on an illusion, with a foundation built on quicksand. We spend more than we earn, we consume more than we produce, we borrow more than we save – and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency called the Federal Reserve Note, created out of thin air by an international banking cartel called the Federal Reserve.
And Cynthia McKinney (Green Party) offers 10 steps (now expanded to 14) Congress can take instead of signing a blank check for $700 billion. Here is No. 11, for example:
Appointment of former Comptroller General David Walker to fully audit all recipients of taxpayer cash infusions, including JP Morgan, Bear Stearns, Fannie Mae, Freddie Mac, and AIG, and to monitor their trading activities into the future.