Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at intelligent and rational individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

"Observe that the 'haves' are those who have freedom, and that it is freedom that the 'have-nots' have not." Ayn Rand

"The virtue involved in helping those one loves is not 'selflessness' or 'sacrifice', but integrity." Ayn Rand

For "a human being, the question 'to be or not to be,' is the question 'to think or not to think.'" Ayn Rand
Showing posts with label bank bailout. Show all posts
Showing posts with label bank bailout. Show all posts

13 September 2009

Pro-Capitalism, Anti-Socialism March in Washington, D.C.

My wife Anna and I went to the Washington, D.C. march on the Capitol on Saturday, 12 September 2009 to demonstrate in favor of:
  • The sovereign Rights of the Individual to his own life, his own liberty and property, and to the pursuit of his own happiness.
  • The moral and practical superiority of Capitalism over Socialism.
  • To defend and protect the Constitution with its severe limits on the power of the federal government in order to protect the General Welfare served by the Rights of the Individual, the violation of which is Tyranny.
  • To oppose the huge Debts destroying the future of our Children.
  • To reduce taxes and stop government spending.
  • To oppose the Chicago Politics of Special Interests and Thieves feeding in a frenzy upon the taxpayers.
  • To send the Czars back to Russia.
  • To prevent the government takeover of Health Care and allow insurance to be bought across state lines and to implement tort reform.
  • To protest the nonsense of Man-Made Global Warming and the Control of Energy Use by government.
  • To protest the Bank and Auto Company Bailouts.
  • To protest the Loss of Jobs due to the Pursuit of Socialism.
  • To protest the government's Anti-Business Bias and the intent to Kill Entire Industries.
  • To protest against Class Warfare and Racism.
  • To protest Congress's failure to read the bills it passes.
  • To protest the Arrogance of King Obama, Queen "Let them eat cake" Pelosi, and Jack "Jackal" Harry Reid and their band of power-lusting allies who refuse to listen to their bosses, The People.
I was impressed that so many Americans have come to understand what is going on and have discovered what the basic principles of good American government are. The media is mostly downplaying the number of people who showed up and is, of course, characterizing them in unflattering terms. The Democrat DC authorities apparently estimated the size of the crowd at 60,000 to 70,000 people, but there was a click head count at one portal into the demonstration area which reached 500,000 counted. The demonstration lasted at least 7 hours. I arrived several hours into the demonstration and I believe there were 100,000s there when I worked my way onto the East Capitol lawn. What is more, on the way there, the trash cans were full of many thousands of signs which had already been discarded by people who had left the demonstration before I got there! I am confident that there were at least about 1,000,000 people who attended the demonstration. You should look at the pictures of people there shown here. Most of the MSM reported that 10,000s of demonstrators attended the protest and many simply said 1,000s protested. How unbelievable! How obviously untrustworthy the MSM is!

I encountered people I knew to be from Maryland, Virginia, Texas, Tennessee, Connecticut, Maine, New Jersey, Florida, Georgia, North Carolina, and Michigan. I found that many understood that the global climate is primarily a function of sun cycles rather than man's emissions of CO2 from burning fossil fuels. I found that many understood that the real number of unemployed is much higher than the 9.7% the federal government claims it is. Others understood that the Democrat reform of health care was motivated by a desire to control the People's health and lives, not to improve health care. But most of all, I was impressed that most people understood that our government is one of limited powers given in our Constitution. They also understood that those limitations are primarily so that individuals will be free to manage their own lives, rather than being reduced to dependent slaves by their government.

Hurrah!!!! The American people cannot all be fooled for very long!

06 April 2009

Why did banks take TARP money?

Many healthy banks have reported that they were forced to take TARP money even though they did not need it. Today, Judge Andrew Napolitano, said on FOX News that the chief executive of a $250 billion asset bank told him that his bank was threatened with 5 consecutive years of tax audits by the IRS if the bank did not take the TARP money (bank bailout money) that it did not want to take. The Secretary of the Treasury, who did not pay his own taxes, is apparently very comfortable in using the power of the IRS to make others miserable to further the cause of fascist socialism. If the government would use this fascist tactic, it would undoubtedly be likely to use other tactics equally reprehensible to force banks to take TARP money they did not need and did not want. The banks are heavily regulated, which undoubtedly gives the Federal government a huge degree of power over them.

This may explain why the very free market oriented BB&T Bank, whose Chairman John Allison requires high-level bank executives to read Atlas Shrugged and donates money to colleges which introduce Ayn Rand's works into the curriculum, disappointed many of us by taking TARP money. Earlier reports that bankers were forced into a room in Washington and told that they would not be allowed to leave until they accepted the TARP money were apparently not exaggerations. As we now know, those banks who were force-fed TARP money are now under either the direct control of the Federal government or being threatened with it if their policies do not comply with the Federal government wishes. The latter state is little different from the former. If you must do something because someone is holding a gun to your head, then you clearly have no real control and you are nothing but a slave.

Many bankers do not wish to be slaves. Many banks are offering to pay back the government the money given them with interest. The government is refusing to allow the larger banks to do this, though they have taken some payoffs from the smaller banks given money. Why are they refusing to allow banks to pay off their loans? Why did they force them to take the money in the first place? The answer is clear. This money loan was a pretext to gain control of the banks and the Federal government does not want to relinquish that control. Fascism is both tempting and addictive to the kind of politicians who seek to control our government. Government is then used as the tool to gain control not just of banks and auto companies, but of each and every one of us individuals. Of course, they offer various social program bribes to individuals under the same principle as the TARP loans as a means to gain control of us individually.

Governments in the United States have long been trekking down the road to fascist socialism, but the pace of the forced march has picked up markedly since Obama has been united with the Democrat-controlled Congress. We individual Americans have been like frogs placed in a very deep pot on the stove and the heat has been turned up gradually until recently. This has kept us sluggish and pacified. We are now being put to the boil. When the boiling is done, we are all to be one intermixed, indifferentiable mush. The socialist ideal of equality in total poverty will have been accomplished. Unless we strive most mightily to jump out of this deep pot of water immediately.