Bail out vote constitutional?
401(k)s bleed
Monday, October 6, 2008
By Devvy Kidd
NewsWithViews.com
It's almost difficult to describe in mere words what happened last week in
Washington, DC. That Blitzkreig is today's definition of shock and awe.
When the enemy hits you at a speed you may not have time to get ready
for is exactly what the money masters planned when they dropped the
bail out swindle into the laps of a body of individuals (Congress),
with a few exceptions like Congressman Ron Paul, R-TX, who have virtually
no understanding of the subject matter. In cases like sodomite, Barney
Frank, D-MA., whose male sex partner was a
senior exec at Fannie Mae, Frank should be investigated by the Department
of Justice along with Sen. Christopher Dodd, D-CT.
Despite the overwhelming opposition of we the people across this land, Congress
passed another nightmare. If you haven't seen the breakdown, it
is here. Note the the part which gives the IRS immunity from federal
laws, more power to snoop into your life and make your personal income
tax information as exposed as a newborn baby. You will see this wasn't
just a "rescue" to recapitalize banks, it is more massive
pork ridden debt slapped on our backs.
Notice
on page 298 of the bill, there are provisions for the film and motion
picture industry. What does this have to do with bailing out banks?
How about page 300 that provides exemption from excise taxes for wooden
arrows made for children? Or, how about Section 504 regarding income
from Exxon Valez settlements? Here's more on the swindle: GREEN
ALERT: Hidden Carbon Tax Provisions in Paulson’s Bailout 2.0.
"This appears to be an attempt by global warming fanatics to lay
the foundation for an economy-killing carbon tax just like the “cap-and-tax”
system that is now destroying European industry. If you think the Mother
of All Bailouts is bad, just wait till you see the carbon tax. Get ready
to reduce your standard of living drastically."
Reading this bill was like a nightmare that wouldn't end. How many members of
Congress actually read the entire 451 pages? Most likely, they just
paid attention to the sections that would satisfy those who bought their
favors.
Was the procedure used to bring this monstrosity up for a vote constitutional?
If the original bill failed in the House, how could the unlawfully seated
senate originate a bill of expenditure? Why would people ask this specific
question?
U.S. Constitution, Art. 1, Sec. 7: All bills for raising revenue shall originate
in the House of Representatives; but the Senate may propose or concur
with amendments as on other Bills.
Here's how it was done via 'Parliamentarian
procedures' in the U.S. House of Representatives. In March, 2007,
a bill originated in the House, H.R. 1424. This innocuous bill was originally
introduced as the 'Genetic Information Nondiscrimination Act of 2008.'
As time was of the essence for the banker barons to get their swindle
shoved down our throats and these sell outs in Congress to "cobble"
together "something," the original text was scrubbed (you'll
see here at GovTrak the term "co-opted" is used) and the
new bill text is slapped onto this bill number: "In October 2008,
it was co-opted as the so-called "vehicle" to pass the relief
bill with an amendment that rewrites the whole bill. The House's initial
vehicle was H.R. 3997, but they failed to pass their amendment co-opting
the bill."
Go
look at the bill here. Notice the words: Purpose: In the nature
of a Substitute.
This new bill using an old number fails in the House, goes to the unlawfully
seated Senate, they pass it, off it goes to the House where it passed
last Friday. Nice, neat, slick. But is it constitutional? The bill did
originate in the House, but in my eyes, what we saw was yet more chicanery
by a body of public servants who care nothing for truth, honesty, integrity
or the U.S. Constitution. We know that the U.S. Treasury made up the
$700 billion dollar figure; they simply wanted to "pick a big enough
number." Now, we have Pelosi's gangsters in the House using back
door methods to ram a bill down out throats that is so heinous, these
fools simply don't realize what they've done to the American people.
401(k)s. For almost three weeks, popular financial guru's on both the tube and
Internet have been telling people these bail out bills would not have
any effect on their pension plans or 401(k)s. Keep investing in the
stock market and don't touch those 401(k)s! While speaking to my attorney
friend out in DC over the weekend, he told me a friend of his checked
his 401(k) and found it had lost 47% last week. That's not the only
one. Another man I know lost $35,000 of his 401(k) last week and a wonderful
lady who emails me all time, Nettie, said her husband's 401(k) had lost
almost $60,000 and she was very worried about his mental health. They're
in their late 60s and it's too late for them to start over. My heart
bleeds to read these emails.
Will these Americans get back these losses? If they leave their money in,
they run the risk of the continued and devastating effects of this meltdown
which is NOT going to get any better as a result of this monstrous "2008
Economic Stimulus Relief Bill." If people try to salvage what's
left and withdraw their own money, the thieves at the IRS will penalize
you anywhere from 20-35%. Every time I watch one of these jackals in
Congress crow how much they care about "Main Street," I want
to puke.
Supposedly one of the promises in this "rescue" bill was to allow Americans
to withdraw their 401(k) funds without penalties. It never happened
as I read those sections of the bill. Of course not. The puppet masters
who own Congress and the White House don't want Americans to pull their
own money out of the risky markets. They would rather you go bankrupt
or lose what you worked so hard for decades to acquire to protect
their game. You can read the 401(k) provisions
of the bill here; it begins on page 303. This is what your public
servant who voted for that bill (including Obama and McCain)
did last week:
Bailout
vote: Congress shrinks your 401(k)
"That loss guarantees that a huge amount of money has been wiped off the value
of 401(k)s affecting retirement plans. Tens of millions of Americans
will be retiring in poverty or will not be able to afford retirement
at all because of the votes those 133 Republicans and 95 Democrats made
on this fateful "Fools Monday"...Speaker of the House Nancy
Pelosi, D-Calif., is responsible for at least half of this debacle.
Her speech Monday, supposedly in favor of the bailout, was as partisan,
short-sighted and even hysterical as anything she has ever said. It
was the defining moment of her career, and she blew it..."
These reprobates
used your retirement as a sledgehammer: "Basically they gave
Congress a ransom note: 'We've got your 401(k) and if you want to see
your 401(k) alive again, give us $700 billion in unmarked bills,' "
Sherman said."
I want to know who the hell "they" are?
For those Americans who somehow believe things will "change" come
January with either McCain or Obama, get out of denial. As I said in
a past column, the Dogs of Hell have been unleashed against the we the
people. If you haven't seen it, this
is a 48 second video of Rep. Brad Sherman, where he states "...a
few members were told if this bill didn't pass, there would be martial
law here in America." Sherman was talking about how members of
the House were being flogged with panic threats the stock market would
crash several thousand points, etc. What I want to know and I believe
we the people have the right to know: Who was telling members
of the U.S. House of Representatives that if they did not vote for that
bill, September 29, 2008, there would be martial law in this country?
Paulson (who should be criminally charged along with Bernanke and their minions)
has stated he's pushing
ahead as quickly as possible to implement this newly signed law
by Bush. Why wouldn't he? The shadow government is sewing up the final
pieces of the complete and total surrender of this nation and our sovereignty.
As I said in recent columns, Freddie and Fannie need a trillion today,
but how about next year? The bail out of those two entities was beyond
the scope of the U.S. Congress, but they did it anyway. Remember the
$85 BILLION borrowed dollars for the AIG bail out? Guess what? They've
run through $61 billion already: "The American International
Group said on Friday that it had already drawn down $61 billion of the
$85 billion emergency bridge loan it received from the Federal Reserve
two weeks ago, an announcement that startled credit ratings agencies."
This massive meltdown is going to get worse, make no mistake about it. What
Congress did last week will take a few months to shake out and then
look out. Can people see the tsunami building?
The stress of the foreclosures is getting to Americans with some
committing suicide. Last week, Fannie Mae said they have forgiven
a woman in Ohio her delinquent loan when she attempted suicide; they
have simply given her the house outright. You, me and our children
will be robbed of the fruits of our labor via the Freddie Fannie bail
out and this is where the sweat off our back is going? While these deaths
are tragic and make me sick to my soul, why don't we all just quit making
our house payments and when the loan defaults, stand on the front porch
with a gun and demand our loans are forgiven? Can anyone see how this
whole mess is already getting out of hand?
How about the states of the Union? 28
million Americans are now on food stamps! In a nation rich in human
and natural resources, we the people are being forced into poverty by
so-called public servants both at the state and federal level. The burden
on the states will continue to grow, i.e., the incompetent idiot, Gov.
Arnold Schwarzenegger of California wants Congress to loan
his state $7 billion dollars: "California, the most populous
U.S. state, will run out of money by the end of this month and needs
$7 billion in funding.....Without the short-term funding, California
may be forced to halt or significantly delay payments for teachers'
salaries, nursing homes, law enforcement and every other state-funded
service,'' said Treasurer Bill Lockyer, a Democrat."
The people's treasury is already overdrawn $10 TRILLION dollars as I write
this. There's no money to loan, but will Congress write a hot check
for the governor and reward gross mismanagement by the California State
Legislature? Lined up behind California is Massachusetts: "BOSTON
— The treasurer of Massachusetts has asked the federal government
about lending Massachusetts money under the same favorable terms it
has given banks and firms during the financial crisis." No where
in Art. 1, Sec. 8 of the U.S. Constitution does it authorize Congress
to borrow money from a central bank to loan to state legislatures
and slap the interest on our backs forever. Oxen to the yoke.
This will escalate as the foreclosures pile up with no buyers and property
taxes drop to all time lows. Will there be more plunder of the people's
empty treasury to bail out states? Unless there is at least a 150 seat
turn over in the House and all U.S. Senators up for reelection are defeated
and replaced with constitutionalists who will go back in January and
get Ron
Paul's 2007 bill passed to abolish the unconstitutional, privately
owned Federal Reserve, sell off the assets and put the money in the
people's treasury for starters, we are headed for a depression; short
4 minute video. Also remember: Only 1/3rd of the Senate is unlawfully
up for reelection next month, which is why they voted for this swindle.
The rest have no fear of the ballot box. They simply promise voters
they will continue to loot the public treasury to satisfy the mobs.
But, hold the phone, folks! Here's the stunning new headline: October
5, 2008. Wall
Street May Shun $700 bn dollar bail out. "Fears are mounting
that many Wall Street banks and financial firms will refuse to participate
in the US government's $700bn bail-out package, leaving global markets
and world economies in a perilous state for months to come. 'There is
a growing feeling that banks ... might instead decide to tough it out,'
said Thomas Caldwell, chairman and CEO of Caldwell Financial, a $1bn-plus
fund manager."
What will these geniuses in Congress do if there's a revolt by these private
banks?
The past few columns I have encouraged voters to send a tube of cheap lipstick
to your house member and senator who voted yes on this grand larceny.
Send a deep red like hookers wear as they ply their wares on the street
corner and send it to their district offices this week. Let them return
to their district offices to tens of thousands of tubes of red lipstick.
Get as many people as you can, call the media and make the delivery
of the tubes of hooker lipstick a real event.
Attend every debate and town hall meeting for every member of Congress who
voted yes on that bail out bill and bring tubes of Hooker Red. Tell
people attending why you're giving congress critter Jones the lipstick.
Here is the roll call for the vote (house)
(senate).
As far as I'm concerned, with the exception of Ron Paul, all 534 of
them should be booted and no fat pensions rewarding the mess these people
have taken this country into. For years these poltroons have destroyed
this country with legislation killing the Bill of Rights, dragging us
into endless wars and continuing to hand over our sovereignty to foreign
interests.
One of my readers made this fabulous lipstick picture. Print it out, put
it on a flyer or blow it up and put it on a sign for all these events.
Make the people in your district take notice. Those who yell the loudest
get heard. Call your congress critter's district office and find out
their schedule; same for your senator. Get out there by the thousands
between now and election day. Sadly, eleven states started voting a
week before the vote and likely many voters will simply vote back their
incumbent based on name recognition or promises for more money for education,
unconstitutional "universal health care" and save social security!
Sheep will always be sheep.
Let's get the Red Hooker Lipstick brigades out there in force. Help wake up
the people in your district.
Links:
1- New, updated
Compilation of the collapse
Devvy left the Republican
Party in 1996 and has been an independent voter ever since. She isn't
left, right or in the middle; she is a constitutionalist who believes
in the supreme law of the land, not some political party. Her web site
(www.devvy.com) contains a tremendous
amount of information, solutions and a vast Reading Room.
Devvy's website: www.devvy.com
E-mail is: devvyk@earthlink.net
NOTE: In accordance with Title 17 U.S.C. section 107, any copyrighted material herein is distributed without profit or payment to those who have expressed prior interest in receiving this information for non-profit research and educational purposes only. For further information please refer to: http://www.law.cornell.edu/uscode/17/107.shtml
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