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.

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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

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.

Officers Work Against Individual Rights

Officers Work Against Individual Rights
Palm Beach Gardens Police Arrest Twelve For No Legitimate Reason

Palm Beach Gardens, Florida – The Libertarian Party of Palm Beach County (LPPBC) is disgusted at the lack of respect our local, county, state, and federal authorities have for human rights and an American’s ability to participation in victim less, voluntary transactions.
This morning the Palm Beach Gardens police, the Palm Beach County Sheriff’s Office, the U.S. Marshall’s, and the DEA all participated in a scheme to waste tax dollars while dozens of these public servants should have spent their time protecting the public. What were they doing? Hoping to garner headlines for busting drug dealers? However, that is not the whole story. These “drug traffickers” stole nothing and didn’t create victims in their supposed “crimes”.  Where are the victims?
The accused participated in filling their legitimate prescriptions for oxymoron at their local drug store (a legal transaction) and instead of injecting the prescriptions decided to sell them. And for that, we have arrested twelve people supposedly to make our streets safer, however this type of transaction happens everyday in Palm Beach County and without any victims.
The Libertarian Party of Palm Beach County feels strongly that our police forces should be focused on crimes with actual victims rather than waste their time and resources (and the public’s tax dollars) on frivolous victim less “crimes” such as these. Each U.S. Citizen should have the right to participate voluntary transactions without threat by the strong arm of the law. We feel this ideology shift would more than double the resources available for true crime prevention, and significantly reduce the number of violent criminals at work in Palm Beach County.

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