Ron Paul: The Do Something Congress
Posted October 8th, 2008 by JohnGalt300
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by Ron Paul | Texas Straight Talk
October 7, 2008
It has not been a good week for the Republic. It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would.
The bailout failed the first time it was brought to the House. Undaunted, the Senate pressed on by attaching the bailout as an amendment to another House-passed bill that was pending in the Senate. The new bailout version had new taxes, so according to the Constitution it should not have originated in the Senate.
The rallying cry heard all over the Hill the past two weeks was that Congress must act. Our economy is facing a meltdown. Would this bill fix it? Nobody could really explain how it would. In fact, few demonstrated any real understanding of credit markets, of derivatives, of credit default swaps or mortgage-backed securities. If they did, they would have known better than to vote for this bill. All they knew was that this administration was saying some frightening things, and asking for a lot of money. And when has Congress ever been able to come up with a better solution to a problem than to throw more of your money at it? So that is what Congress did, enacting a financial PATRIOT Act in the process.
In its embarrassment at being called a "Do-Nothing Congress" the 110th Congress took decisive action and did SOMETHING. No matter that it was the wrong thing. In fact, it wasn't until the Senate had a chance to load it up with even MORE spending, when it was finally inflationary and horrible enough, at $850 billion instead of a mere $700 billion, that it passed – and with a comfortable margin, in spite of constituent calls still coming in overwhelmingly against it. 57 members switched their vote!
The market went down anyway. Our nation is now just that much more in the hole. You will pay your part of this mess through inflation, and very likely hyperinflation.
Sometimes doing nothing is much better than thrashing about aimlessly – when one is caught in quicksand, for example, or when one doesn't understand economics and finds oneself in the position Congress was in for the past two weeks, with decades of irresponsible monetary policy coming to a head. Why should we trust the same people who said just a few months ago that the economy was perfectly sound? The same people who just knew there were weapons of mass destruction? The same people that crammed the PATRIOT Act down our throats? Why not consult the people who had the foresight and understanding to see this coming? They would have recommended such logical actions as repealing the Community Reinvestment Act, which forces banks to make bad loans, or allowing the market to set interest rates instead of the Federal Reserve system. How about abolishing the Federal Reserve altogether? There are many things that could have been done, but don’t expect Congress take a course of action that comes from a place of understanding and competence when they could just spend money.
This bailout will be the legacy of the 110th "Do-Something" Congress, along with record-low approval ratings. Here's hoping the 111th Congress will be a "Do the Right Thing" Congress, and will focus on repealing and abolishing what is wrong with government instead of reinforcing it.
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Comrade Bush
HAHAHAHA
http://www.russiatoday.co...
Can you just imagine the panic
we would have felt if we did not have Dr. Ron Paul. I wonder how many people he has educated over the past 2 years.
God Bless Ron and Carol Paul and all their Family and Friends.
"Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost." -- John Quincy Adams
Who would have standing?
As Ron points out the measure is an appropriation measure and such are required by the Constitution to originate in the House. While the bill it was attached to DID originate there, the entire "bailout" was attached as a rider in the senate and was unrelated to the pre-rider purpose of the bill. So it could be argued that this part of the law oritinated in the Senate and is unconstitutional as a result.
However, for the argument to mean anything it must be done in a forum where winning it means the law's implentation is blocked and the law is struck down. That means federal court.
It seems to me that an attempt to strike this law, or at least obtain an injunction blocking its implementation, might be productive. Maybe on the constitutional issue above. But if not (or even if so, also) on any other basis we can find.
If it succeeds in striking it, great. If it results in an injunction that delays it - still very good. Even if it goes nowhere the attempt would be good for publicity and organizing resistance, making the bad guys jump through hoops, and providing another schelling point when the decision to kill the suit occurs.
The courts have the power. They may also have the will. But to bring suit you need standing.
I wonder who, if anyone, would have such standing, and whether there are any existing precedents on the matter?
Very interesting.
You have struck my interest with this proposition. I am searching now for any activity on the matter.
Chris
Think for yourself. Question authority.
Do something Congress
It is a sad day for Americans we lived a life of plenty and G-d has blessed us in ways we can't imagine. Now after blatant and willful misuse of power and position we now are about to suffer the worst human disregard for human life the world has ever seen. Judgment is now pending, the question is how severe. There is hope in Jesus Christ please continue to pray for this nation that we may repent for our sins. And we return to G-d with our liberties and freedom intact. If not we will witness the utter destruction of America. Can you say Third World Nation...
Good Link:
http://www.house.gov/htbi...
Ron Paul's Convention Speech
Mr.Franklin, what have they done?
It's a sad commentary that some in Congress know precious little about the economy. Ron Paul must bite his tongue each day lest he utter a profanity in utter dispair at the situation.
Benjamin Franklin would be horrified. A man who could do well in TEN occupations - author, civic activist, diplomat, inventor, printer, political theorist, politician, satirist, scientist and statesman - may well wonder what has befallen the world.
With regard to business he said, "Lose no time; be always employ'd in something useful; cut off all unnecessary actions."
Something useful would definitely not include passing off sub-prime loans as prime investment vehicles!!
www.ardenforester.blogspo...
For Free Enterprise NOT Covert Corporatism
Sir, this I don't understand
Sir, this I don't understand (But then, nobody else probably does, either):
Congress voted to give Finance-Führer Paulson almost a trillion to buy up bad debt, with the predictable hollow promise that, whatever he buys up, it has intrinsic value that will recoup some losses when the government sells it later.
So what's up with him going out and buying up short term debt? Am I wrong, or is he basically buying electric bills, water bills, phone bills, payrolls, and other intangible, worthless business expenses?
And how long did it take for the government to flush its promises this time? Four days? Three? Not quite a record, but pretty close to one, I think!
The Place Of The Law
Ron: I am so glad that you understand that it is the volume of law that has brought us this fascist government. REPEAL should be highest on your new term in Congress. REPEAL calls will give you a PR edge. A Proactive approach, rather than just saying no all the time.
Sheldon Waxman
sheldonw72@gmail.com
www.thelawyer.info
www.independentcontractor...
Lawson needs to be...
in the 111th, so Ron can have some help.:)
Pish posh. Paul needs no help...
He just needs to go Article XIII on those bitches!
Wow, Ron Paul
hits it out of the park.
RON PAUL 2008
HE ALWAYS DOES!!!