By Joel SkousenEditor - World Affairs Brief 1-30-9
...So, far the bailouts aren't working--unless you consider bailing out the nation's wealthiest and best connected insiders as the actual purpose of these programs. Each new bailout simply begets another round of bailouts as every sector of the economy takes its turn at the government trough.
No matter how many billions the PTB throw at the problem, each month the worsening figures accelerate. Even the appointment of Timothy Geithner to be Treasury Secretary is an affirmation of more of the same rather than change. As World Net Daily pointed out, Geithner, as head of the NY Federal Reserve bank, presided over all of the worst financial debacles of the last year. He was part of the problem.
Only Ron Paul of Texas has taken on the evils of Obama's stimulus package head on. He not only decries the entire bailout concept, but points out how the actual bill is full of bad provisions trying to hitch a ride on the stimulus wagon.
"This bill is just an escalation of a government-created economic mess. As before, a sense of urgency and impending doom is being used to extract mountains of money from Congress with minimal debate. So much for change. We are again being promised that its passage will help employment, help homeowners, help the environment, etc. These promises are worthless. This time around especially, Congress should know better than to pass anything of this magnitude without first reading the fine print."...
THE RON PAUL SOLUTION:
Nothing in this bill stimulates the freedom and prosperity of the American people. Politician-directed spending is never as successful as market-driven investment. Instead of passing this bill, Congress should get out of the way by cutting taxes, cutting spending, and reining in the reckless monetary policy of the Federal Reserve."...
..."This approach to the economic crisis stands in marked contrast with the approach of the gangsters running US economic policy. The gangsters are using the crisis as an opportunity to steal from taxpayers and to finance their misdeeds and exorbitant salaries with Federal Reserve loans. Their shills among economists and the financial press tell the people that the solution is to fatten up the banks with funds so they will resume lending to an over-indebted public that will then return to the shopping malls.
This unrealistic approach to a serious crisis indicates a leadership crisis on top of an economic crisis." It's not a leadership crisis in terms of lack of understanding or lack of competence. This is a conspiracy of greed and power. A little review of the nature of this conspiracy is in order.
Obamas Stimulus Bill - The Fine Print
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