Comments on: Are You Pondering What I’m Pondering?

By: Taxpayer 834512

Taxpayer 834512 — Tue, 18 Nov 2008 16:41:36 +0000

Where can we get a list of WHERE the billions in bailout have gone so far? I don’t think that’s too much to ask. WLW’s Mike McConnell has a list of the banks. I’m looking for a master list with amounts and conditions to everybody, especially non-”bank” entities like GE, American Express, foreign corporations, and anybody else getting cash infusions with no surrender of equity or required change in management or labor practices. Who’s getting money without stipulation?

By: Shorebreak

Shorebreak — Mon, 17 Nov 2008 14:27:01 +0000

There are a couple of websites where anyone can watch the “End the Fed” events live on Nov 22. I’ve listed them below. Feeds are currently set up for Houston – Phoenix – Portland – Atlanta – San Francisco -Chicago – Cleveland – Minneapolis – Detroit and Washington DC. If anyone from Indy can contribute to a live feed in Louisville please contact http://www.revolutionbroadcasting.com or http://endthefed.us/broadcast_community.php
.
Too much government in your life? Make your voice heard and prmote your beliefs by showing up at the End the Fed event in Louisville.

By: Melyssa

Melyssa — Mon, 17 Nov 2008 06:10:19 +0000

HFFT activists are organizing a carpool caravan for next Saturday’s national END THE FED rally at Louisville’s Federal Reserve Bank. We will join simultaneous rallies at every Federal Reserve across America.

The rally is planned to bring more public awareness of an Act authored by Congressman Ron Paul (TX) , House Resolution 2755, a proposal to abolish The Federal Reserve Board.

Barack Obama’s win as our nation’s first black president, shows a great social achievement for America. He unites our humanity across racial divides toward a common dream of hope for a better tomorrow. And where there is hope, there lies possibility for faith. And faith always carries a duty for action. Hopefully some of you have not yet lost your faith in America. We have not. That’s why we continue work together to right her wrongs.

Now we must make equally great strides on the fiscal front. It is critical that we confront the handling of our money by the group of bankers, known as The Federal Reserve Bank or The Fed. The Fed is not federal and there are no reserves. The bankers controlling The Fed are the most powerful individuals in the world. However, there are more of us, we have free speech, we have the internet, and we have ability to shine light on our problems in order that they may be fixed.

Had there never been the Civil Rights Movement within the last 50 years, there would not be an African American preparing to take oath to serve the highest office.

As Abdul aptly put last week:
“U.S. Treasury Secretary Henry Paulson says because the banks aren’t lending he want to take your $700 billion bailout money and give it to credit card and other loan companies. Regardless of the fact that this is totally messed up on so many levels, think about this. The government is taking your money to loan to the banks so the banks can loan you money. Wouldn’t it make more sense for the government to just not take your money in the first place?”

Lately Treasury Secretary Henry Paulson , former chief of Goldman Sachs, was given sole discretion (without oversight) of $850 billion of our future labor with a flakey hasty promise to bailout troubled mortgage assets. Instead he decided to give it, carte blanche, to the banks. Many of the banks are hoarding it, rather than keeping commercial lending oiled. Meanwhile, Iran converts $750 billion of its national treasury into gold.

The American automobile industry, led by GM, is getting in line for their bailout check next. They, along with the UAW, have lobbyists working non-stop to push their bailout through as quickly as possible. Fortunately it is meeting with resistance from President Bush.

Indiana Senator Richard Lugar states that he currently does not support the auto manufacturer’s bailout and was incredulous that they asked for the money without a plan. It seems our esteemed Senator learned quickly from his hasty support of the first bailout and is wisely hesitant to jump into more deals. Maybe he feels double-crossed by Secretary Paulson & Pals too.

Saturday’s rally is to bring awareness to America that The Fed must End and that there is a resolution waiting for congressional co-sponsors to abolish the Federal Reserve.

CAR POOL MEET UP: Saturday 11/22/2008
WHERE: Broad Ripple @ 9:30 am
RSVP: For meet up details & location, email hoosiers.for.fair.taxation@gmail.com
RETURN TO INDY: 6pm
WHAT TO BRING: Signs, flags, banners, lunch and gas money
WHAT TO WEAR: Comfortable warm layers and good walking shoes

NATIONAL END THE FED WEBSITE

By: Taxpayer 834512

Taxpayer 834512 — Sat, 15 Nov 2008 18:46:06 +0000

I like TA’s summation of Reagan in post 16. But, I contend that lessened loan standards aided by Carter, Clinton, Frank, and Dodd did not help the collective crash-and-burn of George W. Bush on spending, energy, environment, and appointments. If the present morass doesn’t transcend pointing fingers at any one party, I don’t want to see the one that does.

By: David Myers

David Myers — Sat, 15 Nov 2008 11:03:40 +0000

Robert-NWSide. Just because they give the money to the banks, they do not force anyone to borrow it with interested. Its up to the American people, not the goverment to get themselves out of debt.

By: Melyssa

Melyssa — Fri, 14 Nov 2008 17:29:39 +0000

Think Again…I’m not much of a fan of George W. Please don’t ever forget that.

By: ebitda

ebitda — Fri, 14 Nov 2008 16:40:44 +0000

Inside The Paulson Plan

http://www.forbes.com/2008/03/29/paulson-finance-reform-biz-wallst-cx_lm_0329paulson.html

This is his vision for the US financial regulatory system in March before he started a panic in September, yelling the world is ending, and demanded a $4 trillion bail out.

Funny thing, the pundits laughed in March, called his plan dead on arrival, and said nothing would happen until we had a new president.

By: coupon cutter

coupon cutter — Fri, 14 Nov 2008 12:53:40 +0000

So if it is too late to work within the system and too early to shoot them then what is the solution? Ideas anyone???????? There must be one or two options…..right? It can’t be nothing, zilch, zero, nada, someone help me out please~

By: Robert-NW Side

Robert-NW Side — Fri, 14 Nov 2008 09:28:14 +0000

Yeah…GIVE the money to the banks, who LOAN it back to us, at INTEREST !!
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What kind of crap is that ?!?!

By: Think Again

Think Again — Fri, 14 Nov 2008 01:29:49 +0000

Melyssa, dear heart, Cong. Buyer is incorrect. Ronald Reagan never met a debt he didn’t love. Nothing like this was tried in this manner under Reagan. He was a straigiht-out budguet buster with borrowing. It was really pretty simple:

He cut capital gains taxes (which I like), cut income taxes (also OK), and in eight years nearly tripled the Pentagon spending. As much as I favor increased defense spending (on the RIGHT things), you can’t give the Pentagon procurers more than 4-5% new money a year…or they’ll throw it on the ground. It’s a hopelessly broken procurement system, where the Air Force, Navy, Marines, Army and Navy all fly…now make sense of that. Maybe they should all also sail?

Ronaldus Maximus, as Rush is fond of calling him, was a lot of things, but a fiscal conservative he was not.

Remind you of any other recent Republican presidents?