Bailed Out Banks Ready To Pay Back with Whose Money?

Take a look at this quote:

"Through cheap loans, debt guarantees and a promise that big banks will not be allowed to fail, these officials say the government has created an artificial environment in which profits and stock prices have rebounded, helping banks in recent weeks to raise about $50 billion from private investors.... As a result, independent experts warn that the government's relationship with the industry is entering a precarious new phase."

Here's more:

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/07/AR2009060702551.html

Be Seeing You!

Rochester Private Fire Company Public Relations Disaster

Fire hydrant in Charlottesville, Virginia, USA

Image via Wikipedia

In a parallel universe, public servents compete to serve the public the best.

Obama to Unveil 600,000 New PRODUCTIVE Jobs, in ... Parks and Stuff...

Hooray! We're saved! Thank you bicycle repairman!

(Litle ref to Python, there)

http://www.politico.com/news/stories/0609/23467.html

Yeah, so... How about discussing the jobs that could have been created if people had been able to keep their money and spend it on what they wanted to better their lives?

By definition, government can only destroy. In order to function it must first take money from people, stopping them from spending it as they would see fit, and stopping a betterment of their lives, which can only be defined by THEM, not government.

Perhaps Obama should read Bastiat's "Fallacy of the Broken Window"

Be Seeing You.

Feds Buying MILLIONS of Pounds of US Made Dry Milk and Butter, to Prop Up Prices for Farmers and to....

... make it more expensive for consumers to buy milk products. Nothing like the classic MO of gubment taking peoples' tax money to buy something the people aren't buying 'enough of" in the eyes of the politicians. Since there is an abundance of milk products out there compared to the demand, the price should be going DOWN for consumers. In a free market, such low demand forces suppliers to change their production levels, decreasing the supply to better reflect the demand, and allowing the farmers' resources in time and labor, etc., to be better applied to other endeavors.

Senators and Congress-thugs Begin Push for Full-on Government Health System

Check it out, and hey, it comes with a really funny picture of Max Baucus!

http://www.msnbc.msn.com/id/31106408

Be Seeing You!

Chrysler Bailout-Bankruptcy-Purchase Held in Stasis for Court Challenge

In this case, it is the "secured" creditors (the parties that actually hold bonds or other items representing collateral) who are claiming that the assets are going to UNsecured creditors, like, oh, what a surprise, the UNIONS!

Again, this reflects one of the major problems with the work of the Founders, they gave the federal gubment the power to influence bankruptcy and did not leave it to private arbitration and the free market.

http://news.yahoo.com/s/nm/20090608/us_nm/us_chrysler_court

Be Seeing You!

Obama Prepares Socialized Medicine Push

So, even if you'd like to know what enumerated power is granted to the federal government to have ANY contact with health care, it doesn't matter. Can Obama and Congress break the Constitution? "Yes they can!" After all, the rules don't matter.

http://www.msnbc.msn.com/id/31143790

Be Seeing You!

Federal Reserve Hires Lobbyist to Combat Ron Paul's Push to Audit It!

Bile, of www.blogofbile.com came across this. Nice find, man!

Here's a bit form the Bloomberg piece, located at: 

http://www.bloomberg.com/apps/news?pid=20601103&sid=aZjQKyLci1AM&refer=u...

The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank’s growing power over the U.S. financial system, people familiar with the matter said.

9th Circuit Court of Appeals Rules Against Homeland Security Directive Ordering Background Checks on JPL Employees

There have been varying standards regarding 'a-priori' regulations and restrictions placed on so-called 'rights to privacy', Fourth Amendment protections, and even the First Amendment when it comes to federally run or funded systems. For example, years ago, the US Supreme Court ruled that the federal government could NOT set prior restrictions on residents or future residents of a federal housing complex when it came to the feds' desire to be able to search the residences for drugs without obtaining warrants. The American Library Assocition also won in the Supreme Court when the Bush Administration tried to force libraries receiving federal aid to place 'screening software' on their computers to guard against 'indecent material' that could be viewed by minors.

Liberty Dollar Folks Attacked by Feds Again

While the US government and Federal Reserve print counterfeit "legal" money, the feds stop private people from issuing their own medium of exchange based on metal. Who's the bad guy here?

http://www.libertydollar.org/ld/pr_nl/06_04_2009.htm

Be Seeing You!

Consumer Borrowing Plunges Again, April Second to Only March in Drop

Yeah, people are really being encouraged by all the federal spending and borrowing, regulating and glad-handing.

http://www.cnbc.com/id/31128685

Be Seeing You!

Grassley and Shelby Inject Restrictive Language into "Audit the Fed" Bill

These Bozos don't seem to understand the growing resentment of people like us, and they insist on turning Ron Paul's proposal to actually audit the Fed into a toothless tiger.

Check it out now, Funk Soul Brother...

http://www.examiner.com/x-9094-Birmingham-Libertarian-Examiner~y2009m6d5...

Be Seeing You!

South Carolina Supreme Court Rules Governor MUST Request Federal Stimulus Money?!

Incredible! The constitutional parameters are so blown out that we now see STATE supreme courts ruling that their governors MUST request unconstitutional federal stimulus money! Federalism isn't just dead, it's corpse on a spit, rolling over the flames of state govenment complicity and greed! Does ANYONE outside out Conspiracy circles get it?

http://news.yahoo.com/s/ap/20090604/ap_on_re_us/us_sc_stimulus

Be Seeing You!

Obama Pick for High Intelligence Job Suspected of Knowing of Rendition and Torture

Of course, since he will be continuing rendition, Obama probably doesn't care.

http://www.ktnv.com/global/story.asp?s=10478978

Be Seeing You!

Even Federal Reserve Bankers Are Worried about Bernanke's Inflationary Policies -- Answer? Eliminate the Govt-Money Connection

For some reason, members of the Kansas City Fed Bank have been less disastrous than members of others. They still won't move to the side of right, which is that the fed should compete with other private banks that could issue currency backed by gold, and that all government should be taken out of the money system (all government should also be abolished, but we'll discuss that later...).

Syndicate content