Most of us have seen the passionate speech given by George Baily in It’s a Wonderful Life to the evil bank-owner, Mr. Potter, begging for leniency towards Potter’s delinquent homeowners and espousing why owning a home makes the residents of Bedford Falls better citizens and more productive members of society.
Mr. Potter is simply interested in making sure his payments are received on time and that foreclosures are issued to those who fall behind. He believes, and rightly so, that if a man has overextended himself and cannot pay his bills, the mortgage owner has the right to claim the house and boot the residents out.
George Baily, however, is more interested in promoting the “American Dream”- home ownership- and has built his life and Savings and Loan business around helping families buy homes… even if they’re not quite ready to take on that financial responsibility.
Our U.S. Constitution is a remarkably efficient document. It is our only founding charter. Many times changed, rendered, adumbrated. But it’s essence is unshakable. Written in Thomas Jefferson’s handwriting, edited against his will, pored over, discussed, hushed about, while it lay about some small wooden tables in independence Hall, Philadelphia, Pennsylvania.
Americans believe, that the Constitution is the link between our government and our lives. Congress and the Executive, can not overstep the harmony that exists, by each American following his path of liberty. Unfortunately, too many harmful minds, want too much power in this country. Power never vested in the Constitution. Power never meant to be handled by bureaucrats or officials or committees. We need to change all this. The oath of office should be sworn on the Constitution. In the Capital Rotunda. Among the historicity of remains from past great ages of the United States.
Drones in our night skies. Unelected lawyers interpreting the U.S. Constition. Surveillance. Internet spying. Blackouts and Stasi-like encroachements. Torturing. Deaths and internment of American citizens. Socialization of medicare for the elderly, and healthcare for those in mid-age. Food stamps and deductibles for people who do not work. Taxation over representation. Data-accumulation. Groping at airports. Fumbling and nefarious Justice Department officials. Cronies. Welfare abuses. War and destruction as an industry, like Hollywood and Corporate America! Blame-games. Undermining of basic civil rights. Monetarism-mongering! Unaccountability and state-sponsored fear. Campaigns of division. Solutions disguised for self-created problems.
Republican voters are being put through the pincers. We are back to 2008. Heaps of strong candidates, but no consensus. Great speeches, but no substance. PAC money spent by the millions, but no conclusive results. GOP candidates are even welcoming Democratic voters, to smear each other, to add to their victories, or to just plainly embitter each other. The Republican race is not going to get any more civil. Once, we see these subterfuges, we can ask the real questions: what will it take to unseat Obama in November, and who can best do this?
In America the conservative movement has been changing. Neo-conservatives, who had for roughly two decades (1980-2000) held the strongarm of the party, are gone with the Bush Administration’s doctrine of “pre-emptive strike” and the PATRIOT ACT. We are in the midst of the dregs. Still trying to find out which direction this country will spill it’s spirit of changelessness.
For all his grandeur, Mitt Romney just has not taken his campaign to the next level. Rick Santorum has peaked, but more likely will not hold his miniscule leads. Newt Gingrinch’s populism and Ron Paul’s constitutionalism, so similar to each other, are self-negating. None is in charge. Marginal candidates can’t win delegates, nor the RNC party’s nomination. Mitt Romney, the ever-chameleon like business mogul, can’t strike a human touch to save his life and political prospects.
If Mitt Romney is the front runner of the wolves, ready to flay Obama; what is his version of the American Dream? How does he see this country, through which prism? Is it a legalistic, rigidly technocratic, institutional approach? It seems, his advantage is not his base, his character, anything as much as his warchest. He won’t run out of steam. Even if the delegate count gets close in Tampa, FL this spring; he’ll be able to resurrect himself, make the necessary promises and sail away with the nomination.
Let us make fresh.
The reason why Rick Santorum would not oust Barack Obama in November, is not his faith. It is simply that he is running a ‘social message’ of uniform decency against a ‘social message’ of uniform healthcare. Plainly, Obama’s health plan, is vital: but not more pressing than the economic calamity of bailouts, frauds, money-laundering, spending and public debt. These are focal issues of the 2012 election.
Santorum is the politician everyone can super-impose themselves on. He’s no CEO like Mitt Romney, no renowned speaker like Newt Gingrich, not intellectual like Ron Paul. No, he is a regular Pennsylvania lawyer, who argued some weird World Wrestling Federation cases. Somehow he is unspectacular enough, that he could almost be your town butcher, postal deliverer or stockyard piler. You would think this is a strength. But it is not.
Eventually, while trying to keep your political pronunciations to a minimum, to correspond to the widest social base possible, you hit a tollboth going 160 mph. Santorum is earnest, he surely is: means well to families and the elderly, but he has yet to prove his salt. His record is plain: he has taken massive amounts of Washington D.C. beltway funding, voted to raise the debt ceiling, is in cahoots with the (so-called) ‘military industrial complex’ and dislikes many anomalies of our population: young pregnants, migrant-labor, jobless, gays, blacks. He has been able to entrench his campaign in an atmosphere of rustic humbleness and simpletonness.
The more connected you are, within the Washington D.C. circuit; and on the long-stretch between Los Angeles and New York, the more clout you have as a politician. Especially, if you’ve squandered taxpayer money on “bridges to nowhere” (Rick Santorum), Olympic “Games” (Mitt Romney) or have been kick-backed by Fannie & Freddie (Newt Gingrich).
All these, of course, are fine examples of Capitalist enterprise, of leadership and smart capital-management. But what do all these undertakings reveal, about abilities in leadership, necessary to plug the dam of the 2008-unward recession? Not, much.
Ron Paul is the antithesis. He negates almost in it’s entirety, every other issues brought by his opponents in the GOP presidential race. He is not reported on, because those who indeed try to, fail miserably: the way Gerald Seib did, moderating the Republican Debate in South Carolina. Ron Paul is too honest: clear, succinct, philosophically astute. This makes him a slippery fish, to place in the Republican Party, although he is by far the most consequently, stalwartly arch-conservative since that other Gipper, that slipped his way into the White House: Ronald Reagan!
Being less ‘politicized’, in other words by having put his neck out on an execution-block, or guillotine, to amass money, has meant he has to do with less campaign finance. But what Paul has lacked in initial spending, his patriots have donated in turn. No other US politician has ever raised a sum, close to over 1 million, which Paul’s campaign has been able to do in 2011. What this means, is; people base decision on mass-media, pandered bits-and-pieces of evening chatter, boxed soundbites (often misinterpreted) while heading out the door in the morning. Ron Paul is lucky to get 3 minutes airtime, after a debate platform.
Deep within the bowels of CPAC, in a small conference room on the second floor of the Marriott Wardman hotel, dozens of people packed inside to listen to a blue ribbon panel—or perhaps I should say “gold standard” panel, for that was what John Mueller of the Ethics and Public Policy Center, Jeffrey Bell of the American Principles Project, and James Grant—yes, that James Grant, author of Grant’s Interest Rate Observer and Ron Paul’s pick to head the Federal Reserve—were on hand to talk about and explain: a return to the gold standard. And yes, Grant—and many in the crowd—were wearing bowties.
Although I do wonder if the real reason people showed up were because of the Bavarian pretzels they were offering.
I have to admit, I came into the panel with a major question. I am totally for the abolition of fiat currency, the abolition of the Federal Reserve, and the restoration of a sound money policy. 2011 dollars are worth about 19 cents in 1971 dollars, the year when Nixon closed the gold window and took the country off the gold standard. It is, I argue, the necessary step before we can even look at getting rid of minimum wage, unemployment compensation, things that libertarians would want to remove, but we can’t because the money people are using isn’t worth anything. But is the gold standard really, well, the “gold standard” of monetary reform? Would going back to the sixties necessarily bring back prosperity? Were there any other alternatives?
“I will approach that committee like no one has ever approached it because we’re living in times like no one has ever seen,” Paul said in an interview with NetNet Thursday.
Paul said his first priority will be to open up the books of the Federal Reserve to the American people.
“We need to create transparency there. To see what it is they are buying and lending, and who it is they are dealing with,” Paul said.
Paul mentioned that he hoped to use subcommittee hearings to educate the public about the causes of business cycles—which he believes are mainly attributable to monetary manipulation by central bankers.
According to Dave Weigel, Rep. Ron Paul (R-TX), recently named one of the “Best Members of Congress” by Esquire, is set to become the chairman of the Monetary Policy Subcommittee.
If you listen to news reports and claims by supporters of the bailouts, they’ll tell you that taxpayers are making money off of this massive government intervention in the economy. However, a new report by the government watchdog for TARP suggests that these claims are false:
The United States Treasury concealed $40 billion in likely taxpayer losses on the bailout of the American International Group earlier this month, when it abandoned its usual method for valuing investments, according to a report by the special inspector general for the Troubled Asset Relief Program.
“In our view, this is a significant failure in their transparency,” said Neil M. Barofsky, the inspector general, in an interview on Monday.
In early October, the Treasury issued a report predicting that the taxpayers would ultimately lose just $5 billion on their investment in A.I.G., a remarkable outcome, since the insurance company was extended $182 billion in taxpayer money in the early months of its rescue. The prediction of a modest loss, widely reported as A.I.G., the Federal Reserve and the Treasury rushed to complete an exit plan, contrasted with an earlier prediction by the Treasury that the taxpayers would lose $45 billion.