A Cartoon is sometimes worth a million words..... Seven billion in this case.

10/02/2008 02:33:00 AM

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wall-street-crisis
 
And sometimes a quote is priceless:
"When government accepts responsibility for people, then people no longer take responsibility for themselves
-- George Pataki,
1981-1984 Mayor or Peekskill, NY
1985-1992 New York State Assembly, 99th District
1993-1994 New York State Senate, 37th District
1995-2006 New York Governor, 3 Terms
2007 US Delegate to the 2007 United Nations General Assembly
So thus, if the government accepts responsibility for banks, then the banks no longer take responsibility for themselves.... thoughts to ponder.
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Representation without listening to those who elect you to office.

10/02/2008 02:29:00 AM

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To contract new debts is not the way to pay old ones.
  --  GEORGE WASHINGTON, letter to James Welch, Apr. 7, 1799

sucking-sound-sb0923d It is brutally obvious that the leaders we elected on Capitol Hill are not listening to what we the people want by passing this bill.  By simply looking on the Internet at people's comments on the matter on ABC, CBS, NBC, FOX, CNN, etc. the average working-class American taxpayer does not want this bill passed.  There have been demonstrations and protests on Wall Street, the White House, at the House, and at the Senate, against these bills, yet the Senate seems to think they have the answer and took initiative on their own accord to pass a bill hoping that basically the same bill, with a few tax cuts (for "special interests" not the average taxpayer) would sweeten the deal, and get passed in the House.

Back around 1750, the time Parliament in England had controlled colonial trade and taxed imports and exports heavily since 1660.  The colonists at the time came to believe they were being deprived of a historic right.  The English Bill of Rights 1689 had forbidden the imposition of taxes without the consent of Parliament.  Since the colonists had no representation in Parliament they complained the taxed violated the guaranteed Rights of Englishmen.  Parliament contended that the colonists had virtual representation, although there was no physical representation, or voice for the 13 Colonies in America, thus they were being taxed without someone speaking for them.  In 1750 there was a sermon by a man named Reverend Jonathan Mayhew, and during a sermon he stated the following famous words:  "No Taxation without representation."

Then King George III, after taking the throne of Britain in 1760, began placing many new laws on the colonies that were not beneficial to the Colonies.  The first of these was the Sugar Act, which increased the import tax on sugar, textiles, coffee, wines and indigo dye.  In 1764 James Otis, a lawyer raises the issue of taxes without representation again.  He added to Reverend Mayhew's line by stating "Taxation without Representation is Tyranny."

King George III continued with taxes, and included an act called the Stamp Act in 1765 that allowed the British to tax newspapers, almanacs, legal documents, dice and even playing cards.  This money earned from the taxes in the Colonies on those who were just trying to make a living, would not go to the colonies, but back to England.  Thus, the Colonists were paying taxes on everything with nothing to show for it, other than back into the pockets of the wealthy in England.  The Colonists were being taxed to death basically.

In 1774 the First Continental Congress met in Philadelphia with 56 delegates, representing every colony, except Georgia.  Attendants included Patrick Henry, George Washington, Sam Adams and John Hancock.  They declared opposition to King George III's acts, saying they are "not to be obeyed".  The rights of the colonists are asserted, including the rights to "life, liberty and property."

It was because of these laws and acts passed by King George III on the colonies that was one of the main reasons for Americans to begin the Revolutionary War in 1775 which quite a few of my ancestors fought and died in from the Colonies and England.

Today we do elect leaders to "speak" for us in the Senate and the House, but what about when they don't listen to the masses?  A good example of this would be a statement made October 1, on the Senate floor by Senator Diane Feinstein.  She stated the following in regards to the "Bailout Bill" shortly before being voted on.

Mr. President, you know they say Senators have six year terms so that they can take tough votes when tough votes are called for so that they can vote for the best interest of their country, even sometimes when their constituents don't understand it or may be opposed to it.  Mr. President, I received 91,000 phone calls and emails from California, 85,000 of them opposed to this measure.  There's a great deal of confusion out there.  People don't understand it...

....so Mr. President, I think if we really care about the livelihood of our constituents, there is only one vote, and it is yes.

-- Senator Diane Feinstein, October 1, 2008, Senate floor prior to "Bailout Bill" vote.

So with those few lines, Feindstein..err Feinstein (and no I don't live in California) stated that of the 91,000 phone calls she received, 93% of the people were opposed to this "Bailout Bill".  She stated that they were "confused" regarding their opinion and thus they were clueless about what this bill is about.  In other words, their opinion was not important.  And with that, she stated to vote yes on the bill, and then she voted YES for the bill, with no regard to the opinion of those who called her, saying no to this bill.  Can anyone please explain to me, how Feinstein represented the voice of those who she represents in her statements and her votes.  And how she represented those of whom had told her they did not want this bill passed?

And if we do not understand this bill, and are "confused", is it not our representative's responsibility to help us understand, instead of leaving us clueless, and basically feeling that they are not listening to us?  Is not this "Bailout Bill" the same thing as King George III's "Stamp Act"?  Something that was forced on Americans, without regards to their opinions, that Americans paid for in taxes, with no voice in lawmakers' sessions, with nothing to show for it but poverty?

And if anyone can please explain how this $700 billion number came to be, please let me know.   I do not mean where the money is going, I mean simply the figure of $700 billion.

Oh and one other thing, if you email me or leave a comment stating this isn't about taxes.. tell me, what if the banks can't pay back the money......................................

I leave you with a quote:

Remember that it is the actions, and not the commission, that make the officer, and that there is more expected from him, than the title.

GEORGE WASHINGTON, Address to the Officers of the Virginia Regiment, Jan. 8, 1756

Thus what Congress needs to remember is that it is their actions, not their appointment, that make them a lawmaker, and that there is more expected from them, than the title.

 

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So How Did Your Senator Vote?

10/01/2008 10:19:00 PM

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bailout-1 So, if banks don't pay their bills Congress bails them out? Ok if the tax payers quit paying taxes will Congress send us a check to pay our taxes and bail us out?  Or if we can't pay our loans, then all we need to do is call Congress and have them send us a check to pay our loan off????

For the U.S. Senate Roll Call Votes 110th Congress - 2nd Session on Passage of the Bill (H.R. 1424 As Amended) aka H.R. 1424 (Paul Wellstone Mental Health and Addiction Act of 2007).  On 10/01/2008, the Senate plans to use H.R. 1424 as the vehicle for the economic rescue legislation.

 

And here's some fun numbers to play with remembering Ted Kennedy (D-MA) did not vote:

Republican YEAs:  34 Republican NAYs:  15 69% YEA, 31% NAY
Democrat YEAs:  39 Democrat NAYs:  09 80% YEA, 18% NAY
Independent YEAs:  01 Independent NAYs: 01 50% YEA, 50% NAY
Total YEAs:  74 Total NAYs:  25 Total Votes:  99

 

Alabama: Sessions (R-AL), Nay Shelby (R-AL), Nay
Alaska: Murkowski (R-AK), Yea Stevens (R-AK), Yea
Arizona: Kyl (R-AZ), Yea McCain (R-AZ), Yea
Arkansas: Lincoln (D-AR), Yea Pryor (D-AR), Yea
California: Boxer (D-CA), Yea Feinstein (D-CA), Yea
Colorado: Allard (R-CO), Nay Salazar (D-CO), Yea
Connecticut: Dodd (D-CT), Yea Lieberman (ID-CT), Yea
Delaware: Biden (D-DE), Yea Carper (D-DE), Yea
Florida: Martinez (R-FL), Yea Nelson (D-FL), Nay
Georgia: Chambliss (R-GA), Yea Isakson (R-GA), Yea
Hawaii: Akaka (D-HI), Yea Inouye (D-HI), Yea
Idaho: Craig (R-ID), Yea Crapo (R-ID), Nay
Illinois: Durbin (D-IL), Yea Obama (D-IL), Yea
Indiana: Bayh (D-IN), Yea Lugar (R-IN), Yea
Iowa: Grassley (R-IA), Yea Harkin (D-IA), Yea
Kansas: Brownback (R-KS), Nay Roberts (R-KS), Nay
Kentucky: Bunning (R-KY), Nay McConnell (R-KY), Yea
Louisiana: Landrieu (D-LA), Nay Vitter (R-LA), Nay
Maine: Collins (R-ME), Yea Snowe (R-ME), Yea
Maryland: Cardin (D-MD), Yea Mikulski (D-MD), Yea
Massachusetts: Kennedy (D-MA), Not Voting Kerry (D-MA), Yea
Michigan: Levin (D-MI), Yea Stabenow (D-MI), Nay
Minnesota: Coleman (R-MN), Yea Klobuchar (D-MN), Yea
Mississippi: Cochran (R-MS), Nay Wicker (R-MS), Nay
Missouri: Bond (R-MO), Yea McCaskill (D-MO), Yea
Montana: Baucus (D-MT), Yea Tester (D-MT), Nay
Nebraska: Hagel (R-NE), Yea Nelson (D-NE), Yea
Nevada: Ensign (R-NV), Yea Reid (D-NV), Yea
New Hampshire: Gregg (R-NH), Yea Sununu (R-NH), Yea
New Jersey: Lautenberg (D-NJ), Yea Menendez (D-NJ), Yea
New Mexico: Bingaman (D-NM), Yea Domenici (R-NM), Yea
New York: Clinton (D-NY), Yea Schumer (D-NY), Yea
North Carolina: Burr (R-NC), Yea Dole (R-NC), Nay
North Dakota: Conrad (D-ND), Yea Dorgan (D-ND), Nay
Ohio: Brown (D-OH), Yea Voinovich (R-OH), Yea
Oklahoma: Coburn (R-OK), Yea Inhofe (R-OK), Nay
Oregon: Smith (R-OR), Yea Wyden (D-OR), Nay
Pennsylvania: Casey (D-PA), Yea Specter (R-PA), Yea
Rhode Island: Reed (D-RI), Yea Whitehouse (D-RI), Yea
South Carolina: DeMint (R-SC), Nay Graham (R-SC), Yea
South Dakota: Johnson (D-SD), Nay Thune (R-SD), Yea
Tennessee: Alexander (R-TN), Yea Corker (R-TN), Yea
Texas: Cornyn (R-TX), Yea Hutchison (R-TX), Yea
Utah: Bennett (R-UT), Yea Hatch (R-UT), Yea
Vermont: Leahy (D-VT), Yea Sanders (I-VT), Nay
Virginia: Warner (R-VA), Yea Webb (D-VA), Yea
Washington: Cantwell (D-WA), Nay Murray (D-WA), Yea
West Virginia: Byrd (D-WV), Yea Rockefeller (D-WV), Yea
Wisconsin: Feingold (D-WI), Nay Kohl (D-WI), Yea
Wyoming: Barrasso (R-WY), Nay Enzi (R-WY), Nay
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OOOoo.. some groups are "special" according to the Senate's Now Passed "Emergency" Bill.

10/01/2008 08:42:00 PM

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to_the_rescue Here are some of the "special-interest" tax cuts, gifts, provisions that will surely help you at tax time with this wonderful $700, err $1.8 billion banker bail out bill.

The bill started at 3 pages, grew to 106 pages, and is now at 451 pages.  Lets take a look.

  • Film and Television Productions (SEC. 502)
  • Wooden Arrows designed for use by children (SEC. 503)
  • 6 PAGE package of earmarks for litigants in the 1989 Exxon Valdez incident (SEC. 504)
  • Virgin Island and Puerto Rican Rum (SEC. 308)
  • Mine Rescue Teams (SEC. 310)
  • Domestic Production Activities in Puerto Rico (SEC. 312)
  • Railroads (SEC. 316)
  • Auto Racing Tracks (SEC. 317)
  • Wool Research (SEC. 325)

Can anyone help me understand what any of these topics have to do with bailing out bankers, helping the US economy, lowering unemployment, lowering interest rates, lowering fuel prices, lowering energy prices (heating/cooling), lower grocery prices, and stimulating the economy?  All this firewood, toilet paper, bill does is guarantee that bankers will not have to stand in breadlines  like the rest of us and will have jobs unlike the rest of us.  They will be like Hoover was in the Great Depression, eating posh meals of roast beef while US taxpayers were eating watered down soup.

I guess rum served at NASCAR running on train tracks, being documented by Hollywood, and being announced by litigants of the Exxon Valdez incident, while souvenirs of wool NASCAR shirts are sold that are made in Puerto Rico is where our society is headed.... Oh, while shooting wooden arrows at NASCAR drivers you don't like.

And if you don't think that Senators have ulterior motives in this bill, for their own purposes...

"Senators attached a provision repealing a 39-cent excise tax on wooden arrows designed for children to an historic $700 billion bank rescue that is likely to pass tonight. The provision, originally proposed by Oregon senators Ron Wyden and Gordon Smith, will save manufacturers such as Rose City Archery in Myrtle Point, Oregon, about $200,000 a year."

Obviously some senators are thinking more about saving their state than the nation.

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Tackling the Budget - The GAME

10/01/2008 08:17:00 PM

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Time for a bit of fun instead of all the gloom doom. What if, you had complete and total control of the budget of where the tax dollars go? Try "Budget Hero". This lets you chart a course to economic liberation.

You can play as either presidential candidate, a treehugging hippie, a hater of defense spending, a big business guy, a medicare moderator, or any number of other outstretched hands in the national budget.

See if you can help this failing economy by your own ethics, values and morals.

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