United Liberty

You cannot have a true free market as long as there is a central bank like the Federal Reserve. You cannot have true free market capitalism when the Federal Reserve distorts interests rates and prints fiat currency out of thin air. Only a decentralized, competitive, and robust free market banking system (that creates its own currency) and allows the financial marketplace or billions of buyers and sellers determine interest rates, will allow free market capitalism to even exist. He is attempting to abandon free market principles that he never had in order to save a “free market” that hasn’t existed since before the creation of the Federal Reserve.

http://mises.org/freemarket_detail.aspx?control=503

Since when did Bu$h ever have any sort of standards to adhere to? The national debt has skyrocketed, there were no WMD’s in Iraq (just like the U.N. Weapons inspectors stated), and the ‘war on terror’ apparently needed us to get rid of the very freedoms we were trying to preserve “because they hated our freedoms”.

His statement makes himself sound noble. But he’s still a gadfly.

I understand there is a lawsuit initiated by Fox Business News against the Federal Reserve for transparency? And Bloomberg too? That’s a head scratcher…in a good way….anyway, please tell your State Representatives to support Ron Pauls bill: Federal Reserve Board Abolition Act - HR 2755
http://www.govtrack.us/congress/billtext.xpd?bill=h110-2755

It’s imperative that this pass to keep the US sovereign.

Since 1776, the U.S. has accumulated a national debt of $11 Trillion………More than Half of that was incurred when a Bush was on watch…………What a family legacy………….If you throw in Reagan, fully 80% of the national debt was created under just three republican presidents…………What more, they didn’t even TRY to restrain spending! ………Out of 19 submitted budgets, only two were balanced!……………Where did the myth of GOP fiscal responsibility come from?

Fun (yet slightly depressing) Facts:The day Clinton left office the Dow closed at 10,587.Most importantly, the Dow was at 3,241.95 the day Clinton took office in 1993. An almost 300% increase while under Bush it is down 20% (not even keeping pace with inflation) So Basically we not only have not made money in our 401k’s we have lost drastic amounts in the last 8 years!

From Harding To BushDemocrats held White House for 40 yearsRepublicans held it for 47 years.Democrats created 75,820,000 new jobsRepublicans created 36,440,000Under DemocratsDOW grew by 50% more than it did under republicans,GDP grew by 43% more than it did under republicans.This is historically relevant as Bush may become the first president in modern times to leave the Dow lower at the end of his term than at the start of it.This is also important because today may be the official starting day for the first great World Depression.

The current Republican party is controlled by Social Darwinists who believe in “survival of the fittest” or as WCFields expressed and practiced it “Don’t give the suckers an even break” Cheney refused to fight for his country as did Bush. They refuse to pay taxes because that is for suckers. They refuse to allow competitive drug pricing in the United States because they are well paid by the drug companies for that protection. It was best expressed by Herbert Hoover during the Great Depression when he said”If a man has not made a million dollars by the time he is forty, he is not worth much,” Thus he was willing to watch people starve because to him they were not worth saving. This is the Republican party today. All take and no return to society.

But de-regulation is the buzzword of Reaganomics and laws have been overturned by Repubs since Reagan. I remember the days when company mergers were much harder because of “monopoly” fears. Now, they’re all rukbberstamped. I wonder how many jobs have been lost through mergers that past many years

3) The stock market grew 225% during the Clinton Administration and Decilned 40% during the Bush Administration.4) 22 million U.S. jobs were created during the Clinton Administration - only none during the Bush Administration (that could mean that 27 million of our US jobs went to China and India).5) The unemployment rate was 7.8% during Bush Sr., 8.7% during Bush Jr (after he changed the Employemt formula to count a person working 2 jobs as 2 people working, and when a person does not get a job after 6 month they do not count you so oviously our employement numbers are easilly 16% before the UAW goes down), but only 4.1% during Clinton.

Abondoning the free market principles has lead to unbridled greed . When CEO’s of failed companies get 10s’ of millions in severance pay while workers lose their insurance and retirement it is a sure sign of greedy , uncaring people at the top . The recent ” award ” of monies to American banks without oversite and then the grilling of American car companies for a ” Loan ” shows an elite view of the worls — Banks - upper class — Cars — middle class . The people at the top have a view that they are superior and those underneath them are not worthy of their time . The bottom line —GREED !

The Bush Administration was considered as worst administration because of the economic downturn that we are experiencing. Compared to the 21 percent growth during Clinton’s presidency, the 2 percent growth seems like nothing. From the early days of the Bush presidency, the unemployment rate rose to a catastrophic state. The job loss epidemic is still on the move and shows no sign of slowing down. Many citizens blame the Bush policies for creating the global financial clutter. Hopefully the new president, Barack Obama, and his plan to repair the economic system will work. I’m just thankful we still have access to a payday loan when those misfortunate financial events hit the hardest.