Running the race

This is interesting…so I thought I’d share it.
September 25, 2008, 1:44 pm
Filed under: Christian world view

Wednesday, September 24, 2008

Dear Friends,

Whenever a Great Bipartisan Consensus is announced, and a compliant media
assures everyone that the wondrous actions of our wise leaders are being taken
for our own good, you can know with absolute certainty that disaster is about to

The events of the past week are no exception.

The bailout package that is about to be rammed down Congress’ throat is not just
economically foolish.  It is downright sinister.  It makes a mockery of our
Constitution, which our leaders should never again bother pretending is still in
effect.  It promises the American people a never-ending nightmare of
ever-greater debt liabilities they will have to shoulder.  Two weeks ago,
financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made
America more communist than China!  “This is welfare for the rich,” he said.
“This is socialism for the rich. It’s bailing out the financiers, the banks, the
Wall Streeters.”

That describes the current bailout package to a T.  And we’re being told it’s

The claim that the market caused all this is so staggeringly foolish that only
politicians and the media could pretend to believe it.  But that has become the
conventional wisdom, with the desired result that those responsible for the
credit bubble and its predictable consequences – predictable, that is, to those
who understand sound, Austrian economics – are being let off the hook.  The
Federal Reserve System is actually positioning itself as the savior, rather than
the culprit, in this mess!

*    The Treasury Secretary is authorized to purchase up to $700 billion in
mortgage-related assets at any one time.  That means $700 billion is only the
very beginning of what will hit us.

*    Financial institutions are “designated as financial agents of the
Government.”  This is the New Deal to end all New Deals.

*    Then there’s this: “Decisions by the Secretary pursuant to the authority of
this Act are non-reviewable and committed to agency discretion, and may not be
reviewed by any court of law or any administrative agency.”  Translation: the
Secretary can buy up whatever junk debt he wants to, burden the American people
with it, and be subject to no one in the process.

There goes your country.

Even some so-called free-market economists are calling all this “sadly
necessary.”  Sad, yes.  Necessary?  Don’t make me laugh.

Our one-party system is complicit in yet another crime against the American
people.  The two major party candidates for president themselves initially
indicated their strong support for bailouts of this kind – another example of
the big choice we’re supposedly presented with this November: yes or yes.  Now,
with a backlash brewing, they’re not quite sure what their views are.  A sad
display, really.

Although the present bailout package is almost certainly not the end of the
political atrocities we’ll witness in connection with the crisis, time is short. 
Congress may vote as soon as tomorrow.  With a Rasmussen poll finding support
for the bailout at an anemic seven percent, some members of Congress are afraid
to vote for it.  Call them!  Let them hear from you!  Tell them you will never
vote for anyone who supports this atrocity.

The issue boils down to this: do we care about freedom?  Do we care about
responsibility and accountability?  Do we care that our government and media
have been bought and paid for?  Do we care that average Americans are about to
be looted in order to subsidize the fattest of cats on Wall Street and in
government?  Do we care?

When the chips are down, will we stand up and fight, even if it means standing
up against every stripe of fashionable opinion in politics and the media?

Times like these have a way of telling us what kind of a people we are, and what
kind of country we shall be.

In liberty,

Ron Paul

1 Comment so far
Leave a comment

While Ron Paul and the Libertarians are waaaaay far right on many issues, he is dead on with this one. I am a “conservative”, fiscally and conventionally. I am sickened and saddened as a conservative and as a capitalist about this horrible turn of events which has befallen our nation. I am no proponent of conspiracy theory (a la Art Bell and the Kingdom of Night stuff) however when you look back you can see that this was a’comin’, as the Baptists would say.

Thanks for postin’ it.

Comment by Rickey

Leave a Reply

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

You are commenting using your 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 )

Google+ photo

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

Connecting to %s


Get every new post delivered to your Inbox.

%d bloggers like this: