Nancy Pelosi’s “buy-in”
Tuesday, October 7, 2008
Lynn M. Stuter
America received the news on Sunday, September 28th that the $700 billion package
now before Congress at the request of President Bush isn’t a “bail-out,”
it’s a “buy-in.” That came straight from the horse’s
mouth, Bush’s shill, House Speaker Nancy Pelosi. It’s now
being parroted by other Bush Democrats like Representative Barney Frank
(D-MA).
So, pray tell, if this is a buy-in and not a bail-out, what are we buying
in to? Pelosi says we are buying into our economy, saving businesses
and jobs.
But is that really true?
This financial mess, if one boils it down to the bottom line, is the result
of Wall Street tycoons and bankers taking on bad debt, speculating against
it, making a profit from doing so, but not offsetting that bad debt
by profit; the profit, in large part, going into the pockets of the
tycoons, bankers, stockholders, lobbyists and our elected representatives
in the form of political contributions. According to this
article on OpenSecrets.com those who voted for the $700 billion
bailout package received 51% more money from the finance sector since
1989 than those who opposed it.
And the bottom line is that this all came about because of crooked Wall
Street tycoons, bankers, lobbyists and elected representatives who profited
from speculating on the bad debt until the whole concept imploded, as
it was bound to, and the bad debt could no longer be ignored. The banks
that held the bad debt became insolvent. This is tantamount to the average
American taxpayer not paying his mortgage, his car payment, his utilities,
his credit cards, but setting up a pool to bet against how long his
bad debt would be ignored; taking the profit from that betting, living
high on the hog, but not paying off the debts until his bad debts could
no longer be ignored; then asking the community to pay off his bad debts
so he still had his house, his car, and his money.
If you did that, do you think you would get away with it? Do you think
they should?
And were it that the money made by the crooked Wall Street tycoons, bankers,
stockholders were re-invested in the United States, one might be a bit
more forgiving, a bit more understanding. But that isn’t the case
either. That money, in large measure, went off-shore; right out of the
United States.
And while these people moved their profits off-shore, they now want the
bad debt shifted to the American taxpayers in bailout after bailout.
Go here
to see what the CEO’s of banks and business now insolvent
made while their businesses and banks were going bust due to an ever-increasing
debt load. These are the same CEO’s who now want the debt load
they brought about to be paid for by the hard-working American taxpayers
who, by and large, can’t afford to buy stocks on Wall Street at
all; who live pay check to pay check while the government pilfers their
paychecks and spends the money foolishly and with reckless abandon.
The current situation happened by design, not by happenstance or coincidence.
Nothing happens by coincidence in the political world of today. And
there is a reason it is happening now. As Vicky Davis has stated so
well in The
Great Swindle,
What Paulson is really seeking with this sham bailout is the power to move
regulation of the U.S. financial markets to the international system
- giving up sovereignty over the regulation of our financial markets.
He is asking for the power to manage our economy during the transition.
If you read the draft
legislation carefully, you'll see that this is an open ended deal
and the limitations on spending easily circumvented. The issue of CEO
pay is a straw man for the media to harp on.
Any bailout money amounts to a taking from the American taxpayers in a redistribution
of wealth out of the United States. The purpose is to push the American
economy into the third world economic standard required for a “sustainable
global environment.” If this bailout goes through, the American
people will watch the American middle class disappear completely. What
will be left will be a few rich landlords and a lot of peasants who
will exist at the pleasure of the landlords; the old feudal system of
the Dark Ages.
One of the goals of the “sustainable global environment” is
a substantial decrease in world population. How better to do that then
a world depression where people will literally starve to death by the
millions. And anyone who thinks the OWO cartel cares, think again. These
people worship but one god and that god is p-o-w-e-r.
Would you rather eat or bailout out the rich Wall Street tycoons, bankers
and lobbyists who truly believe you exist so they can live high on the
hog?
We don’t need a $700 billion bailout. What needs to happen...
1
- Seize and sell the assets of the CEO’s of the banks,
whether those assets are off-shore or domestic; use the profit of those
assets to pay off the bad debts.
2 - Seize and sell the assets of the Wall Street tycoons
whose actions fomented this situation.
3 - Seize and sell the assets of all lobbyists whose
actions fomented this situation.
4 - Seize and sell the assets of all elected representatives
who profited from the actions of lobbyists, CEO’s and Wall Street
tycoons who brought about this mess.
5 - Every loan (for whatever purpose) held by an illegal
alien should be called, the asset seized and sold. Many, if not most,
of the subprime mortgages that have been the fuel of bad debt speculation,
are held by illegal aliens.
6 - Prosecute under RICO statutes all CEO’s,
Wall Street tycoons, lobbyists and elected representatives who have
brought about, or aided and abetted the bringing about of this mess.
7 - Substantially tighten credit.
8 - Tighten regulation of credit cards, both to amount
of credit allowed and interest rates that can be charged.
9 - Stop all off-shore outsourcing.
10 - Place punitive tariffs on all goods shipped into
the United 11 States, irrespective of whether the company has offices,
branches or headquarters in the United States.
11 - Revoke the charter of the Federal Reserve Bank;
return to the gold standard.
12 - Repeal the 16th Amendment to the U.S. Constitution
and terminate the IRS.
And above all else, folks, quit falling for the emotional panic that the
mainstream media; Bush, Paulson, their Wall Street cronies and lobbyists;
and Nancy Pelosi and her do-gooder brigade are trying to engender. This
is not an “economic” problem; this is a stock market problem
caused by dishonest crooks on Wall Street and in Washington, DC. Don’t
be panicked into making the American people pay for their dishonesty;
make them pay for their dishonesty. In the words of Ohio
Democrat Marcy Kaptur, “The assets they stole must be returned
to the American taxpayers, right down to the tires on their Mercedes.”
Never thought the day would come when I could agree with a Democrat.
Mother and wife, Stuter has spent the past ten years researching systemstheory with a particular emphasis on education. She home schooled twodaughters, now grown and on their own. She has worked with legislators,both state and federal, on issues pertaining to systems governance and education reform.
She networks nation-wide with other researchers andcitizens concerned with the transformation of our nation. She has
traveled the United States and lived overseas. Web site: http://www.learn-usa.com/
E-Mail: lmstuter@mail.icehouse.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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