Sunday, September 28th, 2008 | Author:

Section 8a of the United States Flag Code:

The flag should never be displayed with the union down, except as a signal of dire distress in instances of extreme danger to life or property.

As expected, Congress is once again ignoring the will of the people in America, and has hashed out a way to steal $700 billion from the taxpayers.

Sen. Judd Gregg, R-New Hampshire, called it “dramatic progress towards accomplishing something that is critical for the American people.”

“We can’t underestimate what we face as a threat relative to a fiscal meltdown and the impact it would have on Main Street,” Gregg said. “This is about people’s jobs. It’s about people’s savings. It’s about people’s ability to participate in commerce and send their kids to school and be able to borrow money to run their small businesses.” CNN

No, Senator Gregg. This is about central government control. This is about an oligarchy deciding what’s best for their own, and to hell with “we the people.” This is about the end of individual rights and responsibilities. This is about injustice.

As over 100 economists across the country agreed, “The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses.”

Here are some related thoughts, recorded at various times and places throughout history.

Giving money and power to government is like giving whiskey and car keys to teenage boys.
P. J. O’Rourke

The government solution to a problem is usually as bad as the problem.

Milton Friedman

Power corrupts, and absolute power corrupts absolutely.

Lord Acton

A government that is big enough to give you all you want is big enough to take it all away.
Barry Goldwater

Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan

In the absence of justice, what is sovereignty but organized robbery?
Saint Augustine

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5 Responses
  1. threecollie says:

    Hear, hear!! I am outraged by this whole affair!

  2. akaGaGa says:

    Glad to hear it, threecollie. Maybe if enough people get outraged, we can do something about it.

  3. Anonymous says:

    Dear Rep/Senator,
    With all due respect, I do not agree with your action to support in any form, shape and fashion to an idea to use MY TAX DOLLARS to bail out the wall street crooks from the mess they created and I would rather see them sinked and drowned forever. I do not see it just to help all and any of the people who have accepted the stretching terms of their loans, since it was their responsibility first to apply for and use ONLY such kind of loans that they CAN AFFORD and not to bend over backwards to get the houses the cost of which is way over their ability to purchase. And if banks talked them into such loans, it’s also the banks’ fault and they must pay the price, not I.

    For that matter, I could consider supporting a possible bailout only AFTER I also am reimbursed a reasonable amount of the cost of my house that I have almost paid off by now over the course of the past TWENTY SOME years, and that WITHOUT any assistance from any agency or government, because I only borrow what I can pay back. So, until and unless I AM REWARDED for my efforts, honesty and YEARS OF SACRIFICE of passing on MANY LUXURY ITEMS that I judged were not affordable to me, hence, did not acquire those taking extra loans I could not pay back, until and unless I AM COMPENSATED for the sacrifice of my family and mine – I will not approve any bailout of these greedy financial institutions and as far as I am concerned, they can go straight to hell.

    And if that means a financial crisis – so be it. To me this is only yet another trick by the greedy fat cats to squeeze my tax dollars from irresponsible and/or corrupt legislators. I only hope that some of the representatives/senators that are involved in this will have enough decency left to put an effective stop to this crookery.

    There is no guarantee that once this $700B money is paid as a bailout to the financial sector, there will not be another sector of the economy, like car industry (Ford and/or GM), air transportation (airlines), steel, or whoever else, that would be calling for MY MONEY. Where do you think I can get all that money to pay for all these. As I said above, I only buy what I can afford to pay. If something is not affordable, I am not buying. This bailout is NOT AFFORDABLE. I AM NOT BUYING IT.

    $700B is a lot of money. It is 2 million houses at $350K each. An alternative of a bailout or what, houses will lose in value? That’s only the better, if they lose 50%, to an average of $175K, they will become more affordable and the same $700B could bail out not 2 million, but 4 million homeowners. I will have a better chance to get a cut of that bailout being 1 of 4million than 1 of 2 million.

    To make this long story short – my answer is: NO BAILOUT. Period. Not a Republican version, not a Democrats version. No bailout. If you want to know what We The People think about it, put it up for Referendum in the upcoming election Nov.4 and you will see. Anyways, I can assure you that if any bailout is carved out as a “compromise” to steal MY MONEY, my vote on Nov.4 will be AGAINST ALL INCUMBENTS for US House and Senat, regardless of their party affiliation. We The People want NO BAILOUT of crooks. Let them fall.

    Best regards

  4. Anonymous says:

    I see our wonderful earmark loving Democrats Obama, Pelosi and Reid are going to bake in a neat little syphoning of profits clause to send 20% of any profits made off to “community organizer” groups (like Acorn). How LOW, and how obvious can the Democrat’s corruption be? First they take all of those campaign contributions from Freddie and Fannie right before they go under, and now they are going to take the citizen’s potential profit for bailing out their buddies – and send it over to Obama’s “community organizers”. I wonder which politician’s pockets it will really end up in. Vote all of these sleeze buckets out.

  5. Anonymous says:

    This bailout is just a transfer of money from the tax payers to Warren Buffet( who bet on there being a bailout otherwise he wouldn’t have made the inveswtments he did)and his friends on wall street and in Washington. Congress consulted with Warren Buffet and wall street financial so called experts none of who do not have a stake in the outcome of the bailout and what is included in it. There is no mention of them consulting with totally independent ecconomists. They appear to e limiting severance packages for wall street executives. Unless congress caps wall street executive salaries and bonuses,doesn’t allow for excessive salary raises, and makes it illegal to keep these executives on the payroll after they have in effect left the companies these executives will get their excessive severance pay. Frankly the bailout is out right robbery.