Ron Paul: We Need More Earmarks!

Dandelion Salad

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March 10, 2009 C-SPAN

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2 thoughts on “Ron Paul: We Need More Earmarks!

  1. Pingback: Kucinich: Insane spending of taxpayers dollars « Dandelion Salad

  2. HR1207 sound’s like it would be worth reading. Link?
    Also a follow-up whether this or any of Paul’s anti-fed ideas ever get voted on or debated.

    All those who rant against the Fed would do well to advise exactly who in Congress supports the inscrutability of the Fed, and why.

    OK, all you brainy MBA’s in corporate finance and economics, set me straight about all this:

    Apparrently the idea of a private central bank is a republican invention, clearly not the sort you want controlling massive national money behind closed doors.

    The notion that the central bank should be private and opaque clearly seems like another banking scheme, but we’ll never know if we can’t scrutinize their books.

    The past years prove that big banking breeds abuse, bankers are bad to their cores, and Fed Reserve bankers need to be exposed, nationalized, removed from the realm of private enterprise and influence, and basically taken down, put out of business, and reconstructed as a publically owned, national service regulated to smitherenes and forced by elected politicians to obey, behave, and do entirely what they’re supposed to do: Lend to the responsible, invest in the worthy, and pay a decent rate for deposits. Period (But of course we now have one of them running the treasury).

    No merging of banks, no speculation by banks, no securitizing loans, no derivitives.

    Everyone seems to blame Clinton for deregulating banks, repealing the so-called Glass Stegall act from the depression. Yet here’s this from Wikipedia:

    The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by Republican majorities on party lines by a 54-44 vote in the Senate[12] and by a 343-86 vote in the House of Representatives[13]. After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bipartisan bill resolving the differences was passed in the Senate 90-8 (1 not voting) and in the House: 362-57 (15 not voting). Having majorities large enough to override any possible Presidential veto, the legislation was signed into law by President Bill Clinton on November 12, 1999.

    Foregive my utter disinterest and resultant lack of comprehension of finance, but maybe it’s simply time to outlaw republicans along with the Fed. It’s not that you need ‘more government’ but republicans, by definition, seems almost by genetic predisposition, need a LOT more laws and regulators on their backs at all time, you need to watch these free-market greed-mongering swindling maniacs like hawks.

    And No Goldman Sachs appointees allowed anywhere near the new national people’s bank of the USA, ever! Goldman Sachs gets banned, dissolved, dismembered, its officers never allowed to be in the banking business ever again (so Buffet bails them out…).

    In fact just ban them altogether—they’re main holdings include meat processing & casinos, coal electric plants and oil refineries. They own Burger King of all things (Brave New Films has a good piece on how they violate even min. wage—the poor who eat there are effectively keeping the poor poor! Now that’s a scam if there ever was one). They’re financial evil-genius spawn are all over government, they were the second-largest contributor to obomba’s presidential campaign, they managed to profit from the mortgage-backed securities globalized swindle by selling short, flipped a vast volume of these collateralized mortgage obligations over the last few years, like $100 Bil, now not worth their ink. Even Ben Stein of all people, warned of their meddling back in ’07 (NYT), accusing them of selling fear in order to short-sell their underwriting of ‘junk’ into the market (and wouldn’t ya know it, that’s exactly what happened).

    Paul should be proud of them as they are now demanding Metal in preparation of the Comex going broke.

    I despise economics.
    Down with investment banking
    Down with M&A
    Down with commercial paper.
    Down with IPO’s
    Down with junk bonds.
    Down with Hedge Funds.
    Down with credit default swaps.
    Down even with publically-traded equities and the Dow.
    Down with The Corporation, and down with the Markets.

    Private enterprise should be making things, providing worthwhile services, not engaging in manipulative industrialized greed and its cooked-book comical valuations, international securities schemes, manufacturing and manipulating public money behind vault doors.

    Long live small business.

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