Why not include them?

5 Friends? Hell, tell 10 and tell them there are 6 presidential candidates who are on the ballot in enough states to win enough electoral votes to win the election: Ralph Nader, Bob Barr, Cynthia McKinney, Chuck Baldwin, Obama and McCain

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The Bailout, Oaths of Office

I will write more extensively on this subject over the weekend however I just want to offer some info for those wondering who to vote for on November 4th. One easy thing to do is vote against elected officials who violate their oath of office – going against the united States Constitution and/or your particular state’s Constitution.

I bring this up as this huge bailout, if it passes this afternoon, is going to bury us. We will blame each and every U.S. Senator & U.S. Representative. They should be stripped of their offices ASAP.

If you weren’t disgusted with the actions of several senators this week, then you should be. You should be equally disgusted with each and every YES vote for the bailout and you should actively work to remove those individuals from office. They certainly are NOT acting honorably and are not worthy to use the title, “The Honorable”.

I have heard only a few today that are planning to vote against it. I hope others vote with reason rather than pressure from others.

The only presidential candidate that I am aware to have come out against the bailout is Libertarian Party presidential nominee Bob Barr (www.bobbarr2008.com).

Here are some examples:

Youtubes:

Bob called it the “bailout from Hell” on Neil Cavuto: http://www.youtube.com/watch?v=1nXK9LR-_6o&feature=PlayList&p=F9645DAC300F9C2A&index=8

Bob accurately predicted future bailouts: http://www.youtube.com/watch?v=PQ2J2Bf5nHc&feature=PlayList&p=F9645DAC300F9C2A&index=2

Bob on the general bailout situation: http://www.youtube.com/watch?v=t5waL8brexY

Recent media:

Hot of the press: http://blog.thehill.com/2008/10/03/house-should-stand-firm-and-kill-the-wall-street-bailout-says-bob-barr/

Editorial in Washington Times: No More Government Guarantees

The Hill on McCain being a hypocrite: http://tinyurl.com/3wxepf / HuffPo on McCain is a hypocrite: http://tinyurl.com/3q99y9

Recent Releases:

John McCain’s Actions are not Bipartisan, They are Bipolar

Atlanta, GA – “Sen. John McCain claims he can provide leadership, but he panicked in the face of cries that the sky is falling from Wall Street investors who made bad investments, and the taxpayers are going to pay over $700 billion for his lack of leadership,” says Libertarian Party Presidential Nominee Bob Barr.

“Sen. McCain claims he will change Washington by eliminating ‘earmarks’, but he just voted for more than $103 billion dollars of bold-faced earmarks,” says Barr.

“Sen. McCain claims he will change the way things are done in Washington, but he railroaded a $700 billion Wall Street bailout through the Senate with no study or debate, no alternative and no special interest left behind,” Barr continues.

“Sen. McCain claims he can act in a bipartisan manner, but his actions on the Wall Street bailout bill shows he acts in a bipolar manner,” says Barr.

Libertarian Party presidential candidate Bob Barr represented the 7th District of Georgia in the U. S. House of Representatives from 1995 to 2003.

Senate Must Say ‘NO’ to Bailout

Atlanta, GA – “The Senate is set to vote on the Wall Street bailout later today, but the attempt to dress up this bad bill with a few more political goodies is like putting lipstick on a pig,” notes Bob Barr, the Libertarian Party candidate for president. “Yet Senators John McCain and Barack Obama, as well as the congressional leaders of both parties, are all backing the bailout. It is evident that there is not a dime’s worth of difference between the two major parties: Neither of them will stand up for the taxpayers,” observes Barr.

“The Senate bill is even less responsible than the House measure,” warns Barr. “It would more than double federal insurance coverage of bank deposits, even though the vast majority of Americans already are protected. Some supporters are hoping to add tax measures and increase unemployment insurance benefits in an attempt to turn the bailout into a special interest Christmas tree. In the mind of Washington politicians, $700 billion isn’t a large enough bill to stick to the American people,” notes Barr.

“Although Sen. McCain likes to pose as a defender of the taxpayers, he is pushing the Bush administration to further intervene in the credit markets and to purchase up to a trillion dollars worth of private mortgages even without Congressional action,” Barr observes.

“Sen. McCain says we should call the bailout a ‘rescue.’ But regardless of what they call it, the bill remains a trillion dollar or more effort by the federal government to bailout private industry,” says Barr.

“We need a market work-out, which includes encouraging private investment purchases of assets that both McCain and Obama claim have value if taxpayers buy them.  We need to let the business processes work, including receiverships and bankruptcy liquidation,” Barr explains.

“To prevent a reoccurrence of this financial crisis, we need federal fraud prosecution—not a government bailout,” says Barr. “The starting point for this painful adjustment process is for Wall Street to understand that there will be no further bailouts. Then, Congress should get to work addressing issues such as scrapping harmful federal regulations like ‘mark-to-market’ accounting standards, which have helped turn serious, but manageable, losses into a full-fledged economic crisis.”

“We need political change,” Barr notes. “But Senators Barack Obama and John McMain have proved yet again that, despite their rhetoric, they are charter members of the Washington establishment. It is not change that they will give us, but more of the same. Only a vote for Bob Barr and the Libertarian Party will yield the change that the American people so desperately want and deserve,” Barr concludes.

Libertarians Come Out Against Bailout

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LIBERTARIANS COME OUT AGAINST BAILOUT

Libertarian Party of Florida Officially Opposes Bailout

Winter Park, Florida – The Libertarian Party of Florida (LPF) has passed a resolution against the federal government bailing out financial institutions.

The resolution reads as follows: “Whereas the Libertarian Party of Florida recognizes that the current plan to bail out the financial institutions from the bad loans that they were forced to make by pressures from Congress and liberal organizations will damage the U. S. economy; and whereas it is clearly evident that the pressure groups knew in advance that the financial institutions would eventually fail, and that the public would be forced to foot the bill for the loans that should never have been approved. The Libertarian Party of Florida now condemns the plan of Congress and Executive Branch of the U. S. Government to use taxpayer money to bail out the financial institutions”.

Libertarian Party of Florida chairman, Karl Dickey, said this morning, “We realize the dire consequences if Congress chooses not to act during this time of crises, however we also fully understand if the bailout does pass the dire consequences will be multiplied. This Congressional action only delays the inevitable and in fact makes our economic situation much worse for the long term. We should take our medicine today no matter how painful that may be, in order to prevent an economic catastrophe this country has never seen. Although there is much blame to be spread around, it is clear the disastrous choices made by our government many years ago is coming to a tragic end. Had our leaders not violated their oaths by voting against our Constitution and libertarian principles, we would not be in this situation today. This is not the result of a free market going awry as sadly we do not have a free market in this country and haven’t for many decades.”

The Libertarian Party of Florida believes we should have a small government at all levels and abhor the huge spending we see today by our elected officials. The Libertarian Party of Florida believes a free and competitive market will allocate resources in the most efficient manner. Each person has the right to offer goods and services to others on the free market without any interference from government officials. The only proper role of government in the economic realm is to protect property rights, adjudicate disputes, and provide a legal framework in which voluntary trade is protected. All efforts by government to redistribute wealth, or to control or manage trade, are improper in a free society.

FBI raids Palm Beach County Commissioner Mary McCarty's home

Federal agents conducted an early morning raid of County Commissioner Mary McCarty’s home this morning, leaving after a few hours with several boxes of documents, McCarty confirmed this morning.
Libertarian, Karl Dickey, is running for her PBC Commission spot in 2010 (www.karldickey.org).

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FBI raids Palm Beach County Commissioner Mary McCarty’s home

Federal agents conducted an early morning raid of County Commissioner Mary McCarty’s home this morning, leaving after a few hours with several boxes of documents, McCarty confirmed this morning.
Libertarian, Karl Dickey, is running for her PBC Commission spot in 2010 (www.karldickey.org).

read more | digg story

Enough Socialism! Capitalism is now dead in America

What is happening to the United States?

Our federal government and the Federal Reserve are rapidly dismantling the America we once knew in trade for a “quick fix” reminiscent of a heroin addict. George Bush was afraid we had an addiction to oil? How about an addiction to government bailouts.

Instead of letting companies fail we are bailing them out left and right with money we do not have. This is now going to cost us trillions of dollars at a time when our government is spending well over 25% of what is coming in from taxes. It is true that if the government did not step in to take over trouble investment banks, banks, and insurance companies that the economic system could potentially collapse as a result of both public fear and lack of trust in our currency, however these cash infusions & bailouts are only exasperating the problem. Whereas we were anticipating a very negative economic situation ten years from now (see I.O.U.S.A. documentary as an example), this year the government has multiplied the negative economic situation causing a more serious situation in five to eight years.

Looking at the spending demographics for the future…well…all I can say it looks very bleak with few places to put your money. So today, when the markets rise thanks to this new “solution”, people with a long term horizon of investing should be shorting the market. Oh, that’s right, I almost forgot, the government has put into effect some mechanisms no longer allowing you to do so! What a convenient way to falsely prop up the market – do away with things that could potentially pull it down and everyone can continue on in the blissful Matrix. Enjoy the market’s rally for so long as it lasts.

The smarter money is leaving this country by the billions. And when Warren Buffett pulls out of insuring bank deposits, you know the game is up.

It is a sad day when so-called Wall Street capitalists have traded in that hat for one that is socialistic, if not communistic. And why are they so willing to give in? To save their own hide.

Although I have used the blog for other things, look for more commentary on the financial markets in the future.