Thread: Bailout Baloney

Bailout Baloney

Bill Lussenheide- Candidate US Congress CA- 49

http://www.FaithFamilyFreedoms. blogspot. com

The U.S. House and Senate just passed an $850 billion bailout to Wall Street. With the cajoling of President Bush, and Congressmen being told of a threat to literally engage martial law, the "bailout plan" was passed. U.S. taxpayers are going to be ripped off in what can only be referred to as the biggest fraud in U.S. history.

Nearly our entire financial system is based on slight of hand games, and built on shifting sand. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we lie to ourselves believing that this can go on forever. For years, both in print and on the radio, I have proclaimed against such non financial wisdom that our country was embracing on both the national and personal basis.

Perhaps the biggest perpetrator of this financial shell game has been the Federal Reserve which thru its private banking cartel is able to just magically create money out of nothing.

Over $4 trillion in new money has magically been created in the last 3 years. The result of this fraud deception from the Fed is never-ending inflation. It has manifested itself in a stock market bubble, real estate bubble and oil bubble. Expect more misallocations of capital and bubbles in the future. And the more prices rise, the more the dollar falls. Historically, all such boom/bust cycles of monetary manipulation have resulted in recessions or depressions. Wisdom tells us to prepare immediately to tighten our belts and prepare for tough times.

While we as individuals face tough times, look at the list of corporate welfare cases that have been funded this year alone. Bear Stearns was awarded a $29 billion bailout, followed quickly by the bailout of Freddie and Fannie that will cost the taxpayers up to $200 billion. Then the Fed announced the bailout of AIG to the tune of $85 billion. Mind you, AIG is an enormous global entity with assets totaling more than $1.1 trillion. Moreover, the Feds agreed to pump $180 billion into global money markets. And the Treasury Department promised $50 billion to insure the holdings of money market mutual funds for a year. Now, taxpayers are being asked to provide $850 billion to Wall Street. With hardly a notice, over $25 Billion was handed over to GM and Ford, in the backdrop of the Wall Street bailout.


Amazingly, CEOs were belly aching about any salary restrictions or bonus regulations. They will maintain their mansions, yachts, private jets, and Swiss bank accounts. No matter how bad it gets in your family budget and life, the con artists on Wall Street will still have the best of it—the President and the
Congress will make sure of that. This is one thing that ALL of us, regardless of political party or individual belief can agree on. In my humble opinion, true leadership is always found by "eating the same food as the troops do!" This is certainly missing in this situation by our so called business and political leaders.

America's founders were worried on the role of bankers. Thomas Jefferson said, "banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."

Daniel Webster warned, "Of all the contrivances for cheating the laboring classes of mankind, none has been more effectual than that which deludes them with paper money."

Remember the movie "It's A Wonderful Life" with Jimmy Stewart? Near the end of the movie, "George Bailey" may possibly go to jail, and contemplates suicide as the head of the "Bailey Building and Loan" because Uncle Billy accidentally lost just $8000 of the banks money.

I propose that the CRIMINALS who created this mess, and profited from this scheme, deserve every bit as much penalty as our mythical George Bailey and more. It is not just $8000 short, but rather something like $8 Trillion short! The actions in recent years by the bankers and Wall Street have been nothing short of treason.

The best way to fix this economic mess that the bankers and Wall Street have created is to return America to sound money principles, as prescribed in the U.S. Constitution, and by embracing the principles of sound money management, which involve balanced budgets, sound and reasoned lending practices, deferred gratification, and thrift. Wealth cannot and is NEVER created through debt and reckless spending.

I adjure you to vote for candidates that have the will to tell America the Tough Things that it needs to hear and embrace during this historic tip point in our history. I know that Constitution Party Presidential Candidate Chuck Baldwin has the will and the courage to do such.

Bill Lussenheide - Candidate US Congress CA-49 2010

Read more of "Bill Lussenheide Speaks Out" and current campaign news at:

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Bailout: America's Financial Ruin: www.augustreview.com/news/commentary/gl ... 081005101/