11.25.2008

More Bailout News!

Just as with everything government does the bailout situation is getting out of hand. It's hard to even keep up with how much money our government is spending. The government already voted for a $700-$850 billion dollar bailout. It looks like in the end they will pump a $25 billion dollar loan into the auto industry, and we may be in for another $800 billion dollar bailout with Obama wanting another $500 billion dollar bailout in stimulus for taxpayers. Ok guys, if you do the addition that's $2.1 trillion dollars. When Bush took office, the debt was about $5 trillion, it was going to be around $9-10 trillion after Bush's failed "war on terror" but by the middle of 2009 it looks like the national debt will be around the $12-13 trillion mark. I included a link from CNN below so you can see the confusing breakdown of money spent so far.

The economy is going to struggle in Obama's first term because he is proposing many of the same failed idea's that FDR proposed in his New Deal. Obama and the media refuse to understand that the governments revenues goes up when Capital Gains tax is lowered, and if a cut in government spending is coupled with lowered taxes the economy will reap great benefits. Obama also refuses to believe that redistribution of wealth is a Socialist prinicple. And this guy is supposed to be the savior of America? Forgive my lack of faith.

http://money.cnn.com/2008/11/25/news/economy/where_bailout_stands/index.htm?cnn=yes

Yours in Liberty,
Nate

Obama's Treasury Secretary

Obama has anncounced that the person he want's to head the Treasury of the United States will be Timothy Geithner! Geithner is the President of the Federal Reserve Bank of New York. Geithner is a known face at the Treasury Department. He went to work for the Department in 1999 in the internal affairs division. He was promoted to Under Secretary of the Treasurer before leaving the Department in late 2001. After leaving the Department he went and joined the Council on Foriegn Relations, a well known and much criticized Organization dedicated to bringing the world together on a variety of issues. This is not change in fact it will only bring the Federal Reserve and Treasury Department together. This country is in for a long four years and if the media has anything to say about it eight years!

http://news.xinhuanet.com/english/2008-11/22/content_10394647.htm

Yours in Liberty,
Nate

11.23.2008

Religion and Libertarianism Overcoming Rascism!

Religion is something dear to my heart! Religious philosophy is how we determine how we will live. It dictates to us whether we believe in an Afterlife, or if we don't believe in the Supernatural. It dictates how we determine to become a better person or live life to the fullest. I am grandstanding yes but I'm trying to make a point Religion is powerful. I'm thankful to be raised in a Christian Home. I hope we all take the time to appreciate our Religion, study, and determine to become better people. As a Christian I love to meet people of other skin color, nationality, language, and even religion. It's especially awe inspiring to see someone from India, Japan, or Rwanda, who is a follower of Jesus Christ. It's human nature to look at someone and immediately pick out the differences between ourselves and others; we do this to those in our own race, so why should a different race be any different. The awesome thing about Religion, it unites and immediately encourages us to look past physical differences or any difference for that matter. Because I immediately see a fellow brother or sister in Christ! We are both followers of Christ! True biblical Christianity, Islam, Judaism, and all the other religions is to encourage seeing fellow humanity as friends and family. This might open a debate because to a certain degree religion can divide, but it can open incredible dialogue's between religious philosophies.

Libertarianism as a Political Philosophy and Ideology encourage Individualism, and stresses that every man deserves civil liberty! Libertarianism doesn't view a person as black, red, or white but rather as an Individual who deserves their Liberty and Freedom. It's the only Political Theory of government in the US that doesn't divide or turn People against People. It doesn't view government as a way to coercively enforce religious, racial, or national belief systems on others.

Religion and Libertarianism is my solution to solve discrimination. We are breaking barriers, and seeing old walls crumble more today than ever. I don't think we will ever truely unite in this country until we embrace a Libertarian Political philosophy, and we understand the Bible{or your particular text}. God created us all equal and we all have a common ancestor isn't it time we accept each other as humans and move on? As the Decleration of Independence states so well:
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness"

Yours in Liberty,
Nate

Who Will Bailout the Government?

I have been musing over the fighting, and whoopla now seen in the media over the Auto bailout. It was easy for Washington to decide to throw $700 billion {actually more like $850 billion} to the wind, but now we're fighting over a measly $25 billion. Something to consider is that Washington {politicians} want to see a "business plan" for success from the automakers. There are two things here that are funny or just downright stupid. First, why should we believe the Politicians will know what a "successful" business plan is. Remember these guys can't even run our government, and why should I trust them to know what a "successful" business plan is? Second, they didn't ask the banks for a business plan to ensure that the banks are set to be "successful" in the future. So why are they descriminating against the auto makers? My theory is that we all know the banking cartel in this country, headed by the Federal Reserve, is broken. The Fed knows this and they continually lie to Washington. The only plan to get the banking industry back on track is to abolish the Federal Reserve and return to the gold standard. So of course, Washington didn't want to open that can of worms. It's just comical to see the stupidity of the media and Washington. It's the blind leading the blind!

Yours in Liberty,
Nathan

11.12.2008

Big News!

Sorry guys, I haven't been writing much. I have been trying to hammer out major details for an upcoming announcement. Please stay tuned, I will let you guys know about the announcement as soon as we get it figured out.

Yours in Liberty,
Nate

11.08.2008

Does Obama Deserve a Chance to Prove Himself?

The argument goes that every time this country has a President elect that he deserves the chance to prove he will keep his campaign promises and will lead the country toward prosperous times. The antithesis to this argument is that even if Obama carries through with his campaign promises, (even if he reaches across the "divide" and governs from the center) his presidency will not be a good thing for this country. Obama does have a chance to be a better President than George Bush, but considering the things that Bush has done over the last eight years, this task is not that daunting. I can confidently say that Obama's presidency is going to be bad for this country simply based on the policies that he advocates. His economic policies are socialist, his foreign policy is just slightly less aggressive than Bush's, and he champions big government. He voted for FISA, has not made any indication that he will not repeal the Patriot Act. He want's to end the war in Iraq, but vows to continue the war in Afghanistan and even strengthen troop numbers there. So everthing about the peace pillar of the Obama campaign is all smoke and mirrors. He still wants to police the world! Another major campaign pillar for Obama was that he was a Washington outsider. From the early indicators though he appears poised to surround himself with long time Washington insiders. Isn't this politics as usual? Is this the change Americans are longing for? Is Obama truely the savior people are looking for? Time will tell all.

Yours in Liberty,
Nate

11.05.2008

$25 Billion Auto Industry Bailout!!

House passes a $25 Billion dollar bailout for GM, Chrysler, and Ford. When will the bailouts end?

http://usnews.rankingsandreviews.com/cars-trucks/daily-news/080929-Auto-Bailout-Passes-Big-Three-to-Get-Big-Check-from-Uncle-Sam/

Yours in Liberty,
Nate

French President Claims Laissez-Faire is Dead!

The French President has said the last Economic crisis has ended the times of Laissez-faire markets. "The all powerful market that always knows best is finished" is also a quote he made. Guys I hate to say this but there's a war for Freedom, for Civil Liberties, and we suffered a massive loss. We are now not only reeling, we are in the last trench, ammunition is running low and we are few in number. There is a little good news we still have the big guns! Truth is on our side. I for one vow to fight till my last breathe for small government, and for our Liberty.

http://www.brisbanetimes.com.au/news/world/crisis-puts-an-end-to-laissezfaire-sarkozy/2008/09/26/1222217466847.html

Yours in Liberty,
Nate

Congratulations!!

Congratulations America! We have gone from a Fascist Bush Administration to a Socialist Obama Administration. We traded a failed Republican political machine, for a flawed Democratic political machine. We have once again filed into lines, spent our time and voted for dumb and dumber. Well America have fun with bigger government, higher taxes, and Socialist policies.

Yours in Liberty,
Nate

10.29.2008

Obama Uniting America?

I don't understand Obama's claim that he can unite America. We have all heard his speech "there is no red America, no blue America, there is only the United States of America!" This statement sounds good. There is a small problem however. . . Obama doesn't believe in a red or blue America, but he does believe in a "middle class" America and a "wealthy" America. He is adamant that those Americans making more than $250,000 have a "Patriotic duty" to pay more in taxes. He claims he will "ask" them to pay a little more. Mr. Obama when you phrase it that way it seems that your not going to force them to pay it. Is your tax plan optional? His tax plan divides this country more than any other tax plan this country has seen. The claim that Obama can unite this country is laughable at best and pathetic at worst. Regardless of the results Nov. 4th this is going to be a long 4 years.

Yours in Liberty,
Nate

Barr the Best Choice for Libertarians in 2008

Many Libertarians have wandered why the party nominated Bob Barr, a former Republican Congressman, to be our Presidential Candidate. I honestly believe that the Libertarian Party was trying to elect a Candidate that they felt would make some serious noise in this election. Bob Barr is a conservative, states rights, little 'l' Libertarian. That choice in theory really reaches out to the conservative base of the Republican party that felt betrayed by John McCain getting the nomination. I think that Barr was a good choice in this election because he is really the only viable Liberty defending Candidate for President. I guess this will be one of my last posts on Barr before Nov. 4th. I only hope we can take 5% of the national vote. Barr will defend our Bill of Rights, will shrink the Federal budget, end the IRS, end the Fed Reserve, will lower taxes, and help start paying off the national debt. America he is our only choice. Please vote your conscience.

Yours in Liberty,
Nate

10.27.2008

McCain!

I honestly don't know how many Americans were watching the debates. McCain accuses Obama of Socialism, yet McCain voted for the $700 Billion bailout and he also supportes the Federal government buying of bad mortgages. McCain didn't speak out against the US governments buying into the US banking industry. McCain may not represent the obvious form of socialism but he still represents bigger government, more spending, and above all supports the failed foriegn policy that has lead to the major blowback that has resulted in the US being one of the most hated countries in the world. McCain still wants to send peace keeping troops to Georgia. Guys face reality and realize McCain and Obama both represent the same old form of Washington politics.

Yours in Libety,
Nate

Redistribution of Wealth?

Can you say Socialism 08?

A lot of Americans are saying it right now in a new form "Obama 08"!

Yours in Liberty,
Nate

10.23.2008

Barry Goldwater: American Patriot

This is a 4 minute clip of Barry Goldwater's speech from the 1960's Republican Convention. Mr. Goldwater was dead on. Folks lets get excited... it's our Country and it's at stake! Vote Nov. 4th for the change that will bring true hope to America. Vote Libertarian!

Yours in Liberty,
Nate

10.22.2008

Angry Politician!



We need more guys like this in Washington! I don't believe McCain or Obama. Neither get excited, animated, I don't honestly think they believe in the bs their campaigns push on the American people. They simply want to be President. They will say whatever best puts them into position to win the election. I want to see some politicians that have moral backbone! Believe in the policies they support. We need some people to get upset and decide to change things.

Experience?

I am confused on what exactly candidates need as far as experience is concerned. Conservatives point to Obama's short time in office and claim he doesn't have enough experience or knowledge to be President. Liberals fire back that Palin also has little experience considering she was only governor for 2 years of Alaska. So both sides have little experience. Both underlying supporters of the campaigns attack the other sides lack of experience. My question has to do with what experience is needed?

I feel experience is not needed to be President. Leadership, courage, strength to stand on what you believe in, is what is needed to be President. I know a couple people who could be President that have never served in office. A great candidate would be Stan Jones. If one has sound principals: small government, keep governement in Constitutional limits, physically conservative, defend civil liberties, non-interventionist foriegn policy, free markets, and Capitalism then you have the ingredients for successful government. One also needs a backbone and strength of character to stick to these principals once elected. I see many in Washington that have the "experience" the two sides throw out as a condition of the Presidency yet these "experienced" politicians voted for a $800+ Billion dollar bailout, these "experienced" lunatics sit idly by while the Government nationalizes the US banking industry! Is that the kind of experience we need? I mean if so I for one I don't want an experienced person as President.

Yours in Liberty,
Nate

Barr Ad!!

10.20.2008

Obama's Tax Plan

Simply put Barack Obama's Tax Plan is Socialistic. I can't believe John McCain waited this long to hit on that subject. Obama talks openly and freely about redistribution of wealth. The idea of punishing those who work hard is a Marxist ideology. Marx was the founder of Communism. Obama is scary folks. Look at the last two Presidents we have had; Clinton allowed Ruby Ridge, and Waco. Both were blatant violations of the Bill of Rights. Bush also in gross violation of the Constitution started two wars that have cost the US hundreds of Billions. What will a blatant Socialist do? Do we really think we can trust him?
Yours in Liberty,
Nate

10.15.2008

Canadian Election 2008

Tuesday Canada held their elections! The results were not encouraging on the Libertarian front. The Conservatives did manage to hold on to their majority in the Parliament. I think the best news in the election is that the NDP only won 37 seats. The NDP is the completely Socialist party of Canada. The Conservative Party won 144 seats, taking the slim majority. The Liberals took 74 seats, the Bloq Quebecois won 50 seats, with 3 seats falling under the "other" category. The Libertarian Political movement is significant because Libertarian voters and party members also embrace the Libertarian ideology. I hope in the future we will see a great colaboration among the world's Libertarian Parties. Because Libertarianism is an ideology not just a political platform. Hopefully we can encourage our Libertarian friends in Canada to keep up the good fight!

Yours in Liberty,
Nate

Nationalization of Banking

I'm sure by now you have heard that President Bush is taking $250 Billion of your dollars and buying shares in the largest banks in the US. Nine banks in all will now be owned to some degree by the US government. I hate to beat the same drum constantly, but I must say that this is a major step towards socialism. This country has officially entered into corporatism, which is not good. It's a definite sign we are heading towards socialism/fascism. America as we know it is changing and not for the better. 90% of Americans think this country is heading in the wrong direction. I'm sick of saying this but Obama and McCain have no answers, no solutions. This latest move on the part of the Bush administration, and the Feds is going to damn this country! Remeber we are 9 trillion in debt and the last 6 months we have spent nearly 1.5 trillion to "bailout" the economy.

The one other thing I want to address is what happened to Freedom of business in country? What happened to America? The core value of freedom in business is that one has freedom. Freedom to become the next Microsoft or freedom to fall flat on one's face. Bush, the cronies in Washington, and the fools at the Federal Reserve say we have to take the bailout position to save the "free market"! Here's the thing folks, it ain't capitalism if you can't fail. This country is far from Laissez-faire Capitalism!

Yours in Liberty,
Nate

10.14.2008

The Republic of America

I want to talk about this but I have not been sure how to hit these talking points without sounding like a radical. I don't think I can talk on this subject without sounding radical. The US government has become a socialist democracy, a police state, a country with a $10 trillion debt, and utter lack of leadership. Many ignorant Americans would balk at the claim that the United States is a fascist like police state. Lets review a few act passed in Congress over the last 5 years that closely resemble Nazi police state laws.
HR 3162. -"Patriot Act"
"Patriot Act 2" - A renewel and extension of powers granted the Federal government by original Patriot Act.
FISA.- Allows domestic wiretapping and surveillance without probable cause.
John Warner Defense Authorization Act- Allows President to declare a public emergency anywhere in America and establish martial law without the consent of the govenor or local authorities to "suppress public disorder".
Homegrown Terrorism and Radicalization Act- Passed overwhelmingly by Congress on October 23, 2007, is now awaiting a Senate vote. This act will beget a new crackdown on dissent and the Constitutional rights of American citizens. The definitions of “terrorism” and “extremism” are so vague that they could be used to generalize against any group that is working against the policies of the Administration. In this bill, “violent radicalization” criminalizes thought and ideology while “homegrown terrorism” is defined as “the planed use of force to coerce the government.” The term, “force” could encompass political activities such as protests, marches, or any other form of non-violent resistance.
Military Commissions Act of 2006- Ends habeas corpus, the right to an attorney, and the right to court review of one’s detention and arrest. Without this most basic right, all other rights are gone too since anyone can be detained indefinitely. Now anyone may be arrested and incarcerated and nobody would know
NSPD 51- A directive signed by George W. Bush on May 9, 2007, that allows the President to declare martial law, effectively transforming the U.S. into a dictatorship with no checks and balances from the Legislative or Judicial Branches. Parts of this directive are considered classified and members of Congress have been denied the right to review it

The US has two major political parties: The Republicans= Fascist
Photobucket
and the Democrats=Socialist;Marxist Photobucket

Between the mixture the US has become the Empirical Socialist Democratic Polic State of the World. We have the worst of both worlds. Big Brother is everywhere and we will only see him get stronger the next 8 years. I for one no longer want to be considered a citizen of this government or Empire.

What I suggest we do is follow the same steps the Irish did to gain their independence.... "We the People" declare ourselves independent, a Libertarian Republic, a government ruled by strict laws via a Constitution, a nation where civil liberties above all else is the sole concern of the population. Low taxes, nationalist yet opposed to Empire fascism, but also opposed to the New World Order.

The US Constitution in Article IV. Sec. 4 states the US is a Republic not a Democracy as the ignorant politicians of today claim. This form of government is where we need to return. Just some rambling but I think this needs to be the aim of the Liberty movement in America!

Yours in Liberty,
Nate

Frustrated

Recently I have been extremely depressed concerning the Political scene in the US. Sorry I haven't posted for a while, I have been so frustrated I felt if I posted it would only contain anger and outrage! I wanted to post tonight a link to a blog posted by the Barr campaign just to let everyone know again why I am proud to vote for Bob Barr on November 4th!
Yours in Liberty,
Nate

10.11.2008

Problems!

Hey guys I wanted to apologize for the blog being locked down. I don't know why my blog got locked down but it's unlocked now and I will start post something tomorrow so until then thanks guys have a great evening!

Yours in Liberty,
Nate

10.06.2008

Closed Debates?

The Presidential debates in 2008 have thus far proven to be the biggest farce on the American political scene in years. Probably not since the last Presidential election have we seen so little substance actually debated by the candidates. McCain and Obama have shown themselves to be completely unable to lead a country during a crisis. Sorry John suspending your campaign for a couple of days while you return to Washington and sit on your ass doesn't count. True leadership in a crisis like the one we are still facing would mean that each candidate actually write their own bill and try and establish a way to lead the country out of the mess we're in. Rather McCain and Obama both decided to completely follow Henry Paulson and Bernanke's plan to create $700 billion dollars and "save" the banks that are in trouble. When a Second Amendment question is asked to the candidates Obama sounds almost as strong as McCain. Either John McCain isn't for Second Amendment rights or he cannot bring himself to take a position of leadership on the issue. The same goes just as strong for Obama. These men are so concerned with getting elected they have forgotten the job their vying for is to LEAD. The American people have not forgotten that this is the Presidents job. Why have the politicians in Washington?

The Commission on Presidential Debates (CPD) was formed in 1987 to guarantee that every Presidential election would have at least one debate between the candidates. The problem lies in the fact the CPD is ran by former and current Republicans and Democrats. The CPD is not in the least interested in allowing the American people to make an informed decision in the election cycle but rather ensure they remain entrenched in the same two party system that they themselves belong to. The one time the CPD did allow a third party candidate into the debates in 1992, Ross Perot took 20% of the Popular vote and caused the election to swing to Bill Clinton. Since seeing the success of the third party candidates especially if allowed to debate the CPD has since set the bar so high it's nearly impossible any third party contender can enter the debates. How we can go around the world destroying regimes because we claim they are not democratically elected when in our own country the political system is a totalitarian two party system? The idea this is even plausible is ridiculous! The good news is this year more than any other the American voters have started to demand that all the candidates voices be heard from. Now if only the CPD will listen.

The danger to the Demopublicans is that if the debates are opened Americans will actually see candidates with backbone! Candidates, men and women, who are not only charactered but people who want to LEAD this country. Right or Wrong. Not the spineless candidates the Demopublicans field. I wish Ralph Nader would win the Whitehouse even though I oppose a lot of the things Nader believes in, at least he's a leader, a man with backbone. Where are those people in the two parties? In Washington? Two names come to my mind and only two. Dennis Kucinich and Ron Paul. Both of which had strong followings in their bid to win the nomination of their respective parties. Even though the media completely ignored them and their parties considered them fringe candidates. Dr. Paul especially connected with a large percentage of the Republican base. Why? Because Dr. Paul is a leader not a politician. Dr. Paul is much like Barry Goldwater he knows what he believes and he fights for it. Leadership like that is exactly what this country needs. Imagine if the debate was opened up to all the candidates. Nader might give Obama a run for his money in California and Washington, Barr might give McCain a run for his money in Neveda or Idaho, and it might be a free for all in Ohio! This kind of election would be great for everyone. It would ensure that every party pick a candidate that would have backbone and uphold the parties platform. Candidates with moral backbone to do as they promised. So please consider contacting the CPD and asking them to allow every candidate the chance to debate and offer their ideas to the American people.

Yours in Liberty,
Nate

Seperation of State and Business!

Separation of Church and State has been a foundation of the US Government since our founding. Our founders understood the importance of the State not interfering with the Church. The Church in America realized the danger of a Church gaining the power of Government. Many Christians had come to America to escape the "State Church" taxes and religious political coercion of Europe. This Separation has proven to truly allow America to be a religiously free country. I would like to argue that this nation should also embrace the ideology of Separation of State and Business.


People love the idea of State rule over business. It makes them feel safe. They must realize this is a false sense of security. There must be a separation of State and Business. For the good of both. One could even make a case that for the success of both they should be separate. Elitist control the US government, the military complex is making money hand over fist in our current "war on terror". The business and banking lobbyist whispering in the ears of our current governing rulers is easily evident. Government 'oversight' and 'control' of business quickly results in business controlling government. Once business realizes government control they buy politicians, for business will never allow control to slip from their grasp. This process quickly reduces government to corruption. To control by big corporations, and the financially elite of our society. Wrestling control of government to themselves and away from the people. These corporations move for even more government control of business, causing more red tape, and restrictions ensuring their cartel will never be broken. They will continue to allow capitalism, to a certain degree, so that they can continue making money. I think this is the current state of the government in the US. This system is broken and must be fixed.


This form of government will eventually embrace Socialist policies such as welfare, healthcare, public education and other government handouts. These programs eventually will be used by corrupt government to continue to prop up the cartels formed by the businessmen and elitist who control the government. These government institutions are the final nail in the coffin for these corporations. They make it impossible to topple their monopoly and power. They are nailing Capitalism to the cross of decay. The American dream to the cross of slavery. In a Socialist society people become lazy and therefore complacent. America is hanging on the verge of this most damning catastrophe.


The solution to this problem is returning back to Laissez-faire Capitalism, following the Austrian and Chicago Schools of economics. If government involvement in business is eliminated, business will have no reason to be in government. Control of government could be returned back to the people. Democrats and many Republicans would immediately play the fear card of uncontrolled business and banking! They would tell of the dangers of a Free Market and warn of huge Monopolies. If I could just point to the fact in the US today there are more monopolies and cartels than there ever were in the days before we had all the government regulations. Power companies, oil refineries, and phone companies are great examples of the kind of monopolies the current government red tape has caused. It doesn't work. Capitalism does work. The Industrial Revolution, the first 130 years of our country, Capitalism does work. The only question left is when will Washington realize this?


Yours in Liberty,
Nate

10.05.2008

Barr 2008!

This election cycle has in my opinion shown why the Republicans and Democrats are so severely in need of being voted out of office. Barack Obama and John McCain are almost one and the same. They bicker over the smallest issues and try to appear different for the sake of getting votes. The past week it was very apparent how similar the two are economically. Both candidates chose to vote for the Bailout. Both want more regulation in response to this 'crisis'. Foriegn Policy is also the exact same for both candidates. McCain will get the Right's vote, because just as Bush espoused, he's for physical responsibility, smaller government, and morally leans to the right. Even though the Republicans always play this card, they do nothing. They controlled both houses of Congress, and the Whitehouse, yet we saw no change in any of the moral laws. Except partial birth abortion ban. Yet these, in many cases, religiously duped people will show up and vote for McCain. Obama will bring more socialist change to the US but he will be severely crippled in these policy decisions because of the $850+ Billion dollar bailout. When the two candidates debated in Mississippi it was a national disgrace. Not one major policy was debated, the whole debate was just a congeniality contest. Both Obama and McCain will bring more of the same ignorant leadership that has led this country since WW2.


Bob Barr, the Libertarian Candidate for President is the only candidate that will start to move America back in the right direction. Bob Barr will abolish the Dept. of Education, effectively destroying the monopoly the government has over Education. Barr is for starting troop withdraws from Iraq and against permanent bases. He is also against the US funding of the Iraq government and economy. Bob is for securing the Borders, for the 2nd Amendment, against FISA and Patriot Acts. Barr is also against Immanent domain. Bob Barr is America's only choice in 2008. He would bring the kind of change we truly need. Not the same political non-sense the Demopublicans are throwing in the face of the American people. Vote for true change in 2008. Bob Barr!

Your in Liberty,
Nate

10.03.2008

Bailout Fallout

It didn't take long. California is now asking the Federal government to help them meet their budgets. They're broke. Schwarzenegger will receive blame for this but it's not completely his fault. California is exactly where a state will end up when it follows progressive/socialist policies. California has a 2.3 Billion dollar public education budget. Physical responsibility is the only way to manage finances. You can only spend what you have! California missed that memo and obviosly they are now going to have to pay for it. Or at least the American taxpayer is going to. America should be weeping today. It is truly Black Friday.

Who is next inline? How many people are we going to bailout? Why not the auto industry? Chevy, Ford, Chrysler, all are reporting defaults on loans and are losing money. Shouldn't we help these great symbols of American industry? Why not the Credit Card industry? God know's they have made horrible decisions and many of their customers struggle to make payments and default on the amount owed. Can the American people live without Mastercard? Not if this country listens to Bush, the majority of the media, Senate, Congress, McCain or Obama. The real question is when will the line for handouts end?

Yours in Liberty,
Nate

Washing Your Fired!

Just a quick rant about how stupid our Congress, Senate, and idiot President are. I'm now completely convinced Bush is trying to rape this country before he leaves office. We seem to have elected the 74 dumbest US citizens to the Senate. Congress provided a classic example of how money truely talks. I want to thank Senator John Tester from MT for having the moral courage to vote against the Bill. On today's vote in Congress I want to thank Ron Paul, Dennis Kucinich, and Dennis Rehberg for voting against this bill. Credit must be given to Congress, the 171 members who voted against this bill, thank you from an American citizen. This crisis proves even more the complete lack of leadership or competency held by either the McCain or Obama campaigns. Bob Barr released a statement today condemning the Bailout plan. Todays actions remind Patriots of the serious situation we find ourselved in. I want to end this entry with some of my favorite quotes from the founders:


"All tyranny needs to gain a foothold is for people of good conscience to remain silent." Thomas Jefferson


"Those who stand for nothing fall for anything." Alexander Hamilton


"Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it." Thomas Paine


" In matters of style, swim with the current; in matters of principle, stand like a rock." Thomas Jefferson


"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson


Yours in Liberty,
Nate


10.02.2008

Bailout or Socialism?

Fannie Mae and Freddie Mac are bankrupt. Lehman Brothers filed Chapter 11, AIG borrowed $85 Billion from the Federal Reserve, Merrill Lynch lost $8.4 Billion and was sold to Bank of America, and IndyMac the US's largest mortgage lender collapsed July 11, 2008. The Dow Jones fell 778 points or 6.9% in one day. The Media and Politicians quickly called this "one of the greatest economic crisis" in our nations history. I think the entire debate the entire media coverage has been nothing but a blame game and doomsday rant, respectively.

Washington's first response to this crisis was to play their favorite hand, the blame game. Democrats blamed George Bush and the Republicans for neglecting the signs of the oncoming doom. Democrats were quick to point out Republicans had failed to create more Federal Oversight to monitor the Subprime Mortgage's. Republican Presidential Candidate John McCain claimed he foresaw the problem. Apparently he never introduced any legislation to try and solve the problem. Republicans were also quick to point to the Democrats as being the party at fault. Democrats now control both houses and did nothing, even as the crisis loomed on the horizon. Democratic Presidential Candidate Barack Obama also claimed he foresaw this crisis years ago, but just as McCain, did nothing to prevent it. The National Media was quick to jump on board and claim the economy was hinging on depression. Their answer was to jump whole hearted behind the Bernanke/Paulson/Bush $700 Billion dollar economic bailout plan. The Media showed no mercy in attacking the House for showing a lack of leadership for not immediatly passing the Bailout. Washington showed a complete lack of leadership and the national media once again proved their socialist and progressive leanings by misrepresenting this situation and attack capitalism.

I want to quickly explore the reason there is a financial crisis. The Subprime Mortgage crisis is most simply put the direct result of stupid business practice. If a person can only afford a $200,000 house and the banks give them low interest rates and loan them $500,000 this isn't a government problem this is a illogical business practice. Freddie and Fannie were knowingly lending to people who couldn't afford a housing loan. They were encourage by liberal/progressive/socialist lobbying groups. This kind of unsound business practice will never be successful.

Nancy Pelosi, Democratic Speaker of the House, gave a speech before the House voted on the Bailout bill in which she unashamedly attacked Capitalism and the Free Market. She made claims that a Free Market without regulation is a dangerous thing. It was an attack on Laissez-faire Capitalism. How can she honestly argue that government dabbling in business brings any positive results? Fannie and Freddie are in fact government sponsored enterprises. They Failed because when government gets involved with business and the markets the result will always be corruption.

Finally the progressive/socialist/ are pointing to this crisis as the end all proof that Free Markets and Capitalism do not work. Pelosi made a comment in her speech to the effect that in our system the rich get richer while the poor get poorer. Am I the only one who finds this comment absurd? Absurd because she's the one trying to pass a $700 Billion dollar bailout to keep the companies afloat! Not to help the American taxpayer but the business. Mrs. Pelosi, in Capitalism when a company fails government doesn't inject it with money to keep it from filing for bankruptcy. When a bank fails because of bad lending decisions such as the aforementioned companies have, then they must be allowed to fail.
Yours in Liberty,
Nate