These are the 32 Words in the Bailout Bill intended To End Our Economic Freedom and Destroy the US Constitution as noted by a friend on my email network.
“Decisions by the (Treasury) 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.” – Section 8 of the Paulson Proposal
Bluntly, this clause was put in the Bailout Bill to personally protect the authors of that bill. Why? Because they know it is a bad bill designed to harm the public while protecting the out-ethics companies and company executives whose money management mistakes got them into trouble.
Did you listen to President Bush’s 12 minute address to the nation on the evening of September 24th? In one breath he stated the economic crisis was caused by too much lending of credit. Then 3 times he stated that the solution to the problem is the Bailout Bill which would make it possible for more credit to be given to businesses and families.
So how can what created the problem also be the solution? It CANNOT.
Did you listen to Bush and watch the politicians and so called “experts” being interviewed about the Bailout Bill? Did you notice that rach one of them used the word “hopefully” more than once? – Hopefully this will help, hopefully the housing market will start to recover, hopefully the government can sell the distessed properties that they are buying that ‘We The People’ have to pay for now. The authors of this bill and our political representatives on Capitol Hill doubt this bill will be the real solution. That’s why the authors of the bill added the clause that protects them personally if it doesn’t work – they are merely “hopeful” and are nowhere near certain.
The Great Depression finally materialized when the amount of credit loaned reached a critical mass and far outweighed the public’s ability to pay. That exact same situation has happened and the public cannot pay the credit debt they have incurred. To extend more credit is to send us faster down the slippery slope toward a long and deep recession.
I am against the Bailout Bill. I am for letting the executives who make millions in salaries every year take the hit for their out-ethics money management that created their companys’ and Wall Street’s problems of greed and financial mismanagement. I refuse to bail them out when I have worked so hard to keep my business and household financially sound and out of debt. I don’t want to be punished as the producer while their non-production is rewarded.
President Bush, Mr. McCain, Mr. Obama and all members of Congress, GET OUT OF OUR WALLETS and pay for this out of YOUR multi-million dollar annual salaries instead, since you are so HOPEFUL that this Bailout Bill is the correct solution. Take the billions in salaries made by the executives of Fannie Mae, Freddie Mac, AIG, and Wall Street brokerages. You were elected to serve ‘We The People’. We don’t work for you!
