There's nothing like a crisis to get our attention and rally us with cries for the need to take action. Banks, insurance companies, automobile companies, states, and cities are either being bailed out or requesting to be and the underlying argument is each are too important to our country to fail. Why are these entities too important and yet the U.S. Constitution is not? by Gary Wood
(conservative)
Monday, November 24, 2008
Throughout 2007 Secretary Paulson told the world the banking systems were sound and the subprime mortgage challenges were largely contained. Indymac failed in July 2008 and Paulson stated it was a safe and sound banking system with the regulators on top of things. In August 2008 he said there were no plans to inject money into Fannie Mae or Freddie Mac. Suddenly there was a crisis and AIG needed $85 billion in 'bridge loans' while a short time later the banking system would collapse if not for a $700 billion dollar bailout package. The same sound banking systems he spoke of were now in a crisis.
Representative Barney Frank had his statements of stability in 1999 and 2003 while leading the efforts in the House to help lower income families achieve the dream of home ownership. Anyone thinking this could lead to problems in the housing and banking industry was more concerned with helping the rich instead of helping the poor according to his rhetoric. Yet, when the need for supporting the 'emergency' bailout to avert a crisis there he was voting to help the government go where it was never meant to be. In a very short time our Congress passed a pork filled $840 billion bailout scheme and now we know it was all smoke and mirrors misdirection.
Should we be surprised this is happening? Emergency situations have led to power grabs and the growth of the federal government before so we shouldn't be. Review the history timeline through Lincoln, Wilson, and into FDR. Look at the 1933 Emergency Banking Act and how it amended the Trading with the Enemy Act of 1917. Gripped with the crisis of the Great Depression the Congress passed the Emergency Banking Act before it was even finished let alone read and understood.
Always those in politics manage to shout the sky is falling and only your government can catch it. Nearly always the people support a loss of liberty in an effort to gain security. Yet most of our emergencies can be traced to the very government and it's intervention beyond the Constitution as a major cause of the problems they then purport to solve. We have had not one branch of government and not one strong state stand in defiance of these false claims and power grabs for nearly a century.
More people, everyday citizens simply attempting to live their lives, are seeing this magician's act one too many times. The politicians have called this play once too often. As the promises finally reach a level beyond which anyone, even President-elect Obama, can possibly deliver the trick is blown. An increasing number realize there is one true crisis facing our country that can destroy us. The Constitution is struggling on life support, some believe it is dead, and our Federalist Republic is not recognizable. The government beast is loose and we are either going to have to chain it back down or live under it's oppressive regime. As 2008 sets and 2009 dawns the choice will be even easier to see. Are you for a Federalist Republic or an oligarchy bent on power?
The views expressed
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do not represent the views of Nolan Chart, LLC or its affiliates.
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