“Peace, Land, and Bread” But at what Price? $700 Hundred Billion Bank Bailout.
June 7th, 2009 ~ Posted in: bank houses
We do prefer FREEDOM, give us freedom, or give us death. I am not afraid of their threats.
There has to be a different solution; this can’t be the only way. Is there not some kind of free market solution? I mean, I know that they have screwed up the free market with Fannie Mae and Freddie Mac, but won’t this bailout just screw it up more.
The Republicans need to come up with their own plan, and tell the Democrats to take it or leave it, and if they leave it, then they can pass their own Democrat Bailout Bill and be responsible for the economic outcome.
Although we do need to put this into perspective; what are we giving up and what are we to receive in return? I’m sure we all know the famous words of Patrick Henry:
“Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!”
Now we are faced with a choice of:
“Is not having an economic down turn so dear, or having all of our toys so sweet, as to be purchased at the price of chains and slavery?”
I have a feeling that if we let this happen, we’ll end up with chains and slavery, along with a bad economy, but I could be wrong.
jbranstetter04
“…We are seeing a leveraged bailout of the United States Treasury. And in the end these interests that want your money are threatening your prosperity. And the choice you face is this. You will lose potentially, your prosperity for a short period of time, at the expense of your long-term liberty. Once the federal government has got you to take that risk and pass it on to you as a quote-unquote moral hazard, they will be in the marketplace and as the free market is diminished your freedom itself is diminished. And as your Congress does not stand up to these and put forward a better plan that truly protects the taxpayers and truly has the long-term interests of the United States at heart, you will be in jeopardy of losing both your prosperity and your liberty. The choice is stark and it was put forward in the book by Doestoevsky. In the Brothers Karamazov the Grand Inquisitor came to Jesus and he said ‘if you wish to subject the people, give them miracle, mystery and authority; but above all give them bread’. And it has always been the temptation in a crisis especially to sacrifice liberty for short-term promises of prosperity. And it was no mistake during that during the 1917 Bolshevik revolution the slogan was “Peace, land, and bread.” Today you are being asked to choose between bread and freedom. I suggest that the people on Main Street have said they prefer their freedom, and I am with them. I yield back.”
- The Honorable Thaddeus McCotter - Congressman from Detroit
House to meet Thursday after rejecting bailout
GOP, Democrats argue effect of Pelosi speech on $700 billion plans failure
WASHINGTON - In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged 778 points, the most ever for a single day.
Democratic and Republican leaders alike pledged to try again, though the Democrats said GOP lawmakers needed to provide more votes. Bush huddled with his economic advisers about a next step. The House was to reconvene on Thursday instead of adjourning for the year as planned.
The stock plunge began even before the 228-205 vote to reject the bill was officially announced on the House floor. The decline for the day surpassed the 721-point previous record, on the day after the Sept. 11, 2001, terror attacks, though in percentage terms it was well short of the drops on Black Monday of October 1987 and at the start of the Depression.
“We could have gotten there today had it not been for the partisan speech that the speaker gave on the floor of the House,” Minority Leader John Boehner said. Pelosi’s words, the Ohio Republican said, “poisoned our conference, caused a number of members that we thought we could get, to go south.”
Duration : 0:2:42
20 Responses to ““Peace, Land, and Bread” But at what Price? $700 Hundred Billion Bank Bailout.”
June 7th, 2009 at 4:16 pm
Google the Georgia …
Google the Georgia Guide Stones and see if you still think globalism is about warm and fluffy “interconnectedness”
June 7th, 2009 at 4:16 pm
Globalization isn’t …
Globalization isn’t happening because of interconnectedness, that’s bullshit feel good reasoning that doesn’t make sense to me, globalization is a result of politics and conquest. But I’m not anti-trade, I’m in favour of trade, I just hate the WTO and I don’t believe that trade agreements should exist, I believe that each country should have the right to dictate their owns terms, change them when they like and have complete sovereignty.
June 7th, 2009 at 4:16 pm
i agree to an …
i agree to an exstent, but Globalization is occuring as a result of the interconnectedness of our society, our technology, our international economies. It is benificial & profitable to increase your trading partners by simply exporting/importing goods from elswhere, ease of travel increases this.
My point is, the increased revenue, technology, power increased by “globalization” is percieved as far greater than its pitfalls. Making globalization a reality rather than a mere political idea.
June 7th, 2009 at 4:16 pm
Globalization is …
Globalization is only for the rich elite who want total control, power, and money.
Your words ring true to me. Thank you.
June 7th, 2009 at 4:16 pm
us $,wallstreet( …
us $,wallstreet(bonds,papers),will be bailed out by the country who has all the gold,merchants will prosper again, but the whole world will be sold.
June 7th, 2009 at 4:16 pm
We in Australia …
We in Australia have no farm subsidies, the EU does, the EU despite a gentlemens agreement has put a $1000 per tonne export subsidy on dairy products, protectionism is simple, they subsidize it, we should tax it, yet we don’t, we’re too good natured for our own good, I say the EU, and everyone else too, “free trade” is nothing but managed trade for the good of corporations, we should be looking out for our own interests. I say to with the globe, I want my national sovereignty back
June 7th, 2009 at 4:16 pm
it seems to me …
it seems to me Globalization isnt a good idea after all,
what is so great about it, if something goes wrong, and it will because its so big, everything falls
whose idea was that???
the Globalists argue protectivism isnt good, well whats better the whole world in a depression or a group of countries?
when the whole world is depressed how can one country help another?
June 7th, 2009 at 4:16 pm
I too, choose …
I too, choose freedom.
Let this man’s words be cast in eternal bronze so that all may know; that no man be ignorant.
June 7th, 2009 at 4:16 pm
it WILL NOT save …
it WILL NOT save your home, job, or economy. consolidation of wealth is a BAD thing that you must avoid like the plague. this is nothing more than the elite that own 70 percent of the planet printing out a bunch of funny money to buy up the last 30 percent.
June 7th, 2009 at 4:16 pm
wow. well said
wow. well said
June 7th, 2009 at 4:16 pm
This (bailout) is …
This (bailout) is the PRIVATELY owned Federal Reserve Bank foreclosing on America with the help of their agents in Congress and the media!
The Fed is stealing real estate in exchange for fiat currency and debt they created from thin air fraud.
Obama, McCain (McBama) and Biden all voted FOR this foreclosure. Vote Change… who?
Hello, Voting for this foreclosure is TREASON!
The 1st Amendment did not work!
Is it time to use the 2nd Amendment to replace the traitors in Congress?
June 7th, 2009 at 4:16 pm
That was great! !!! …
That was great! !!!!! depression - slavery? .. I choose depression. ..
Abolish the fed.
June 7th, 2009 at 4:16 pm
McCain postponed …
McCain postponed the campaign to save the economy. 133 Reps dropped him in the ocean.
And why doesnt he want to talk about blame? Every person with sense will know that he screwed up.
The biggest problem was that he and the rest did not communicate well enough that the taxpayer will not be the victim.
French, English, Swiss, German, Belgium, Luxembourg and Dutch people understood why their governments bailed out banks last Monday. It will save our homes, jobs and most of all the economy.
June 7th, 2009 at 4:16 pm
Well said that man …
Well said that man - BRAVO!
June 7th, 2009 at 4:16 pm
Bravo, outstanding …
Bravo, outstanding speech, thanks for the tip man.
June 7th, 2009 at 4:16 pm
A GREAT speech Rep …
A GREAT speech Rep. Thaddeus McCotter . I am not American but I can only agree , the Bail out don’t sound like the right solution to me, since so many vote against it. 5 * thanks for sharing.
June 7th, 2009 at 4:16 pm
No bail out! If …
No bail out! If government wants to help the nation (instead of helping CEOs and investment crooks), they should buy at minimum the bank property and real estate and fix the overblown mortgages and prices.
Let the greedy bankrupt go bankrupt! Government never bails out the hard-working citizens who r in debt for tuition money or anything else. Bail out the irresponsible greedy bunch of banks and corporations? NO!!!
June 7th, 2009 at 4:16 pm
Thank you to Rep. …
Thank you to Rep. Thaddeus McCotter of
Michigan, stand for your principal!
No $700 billion dollars that Paulson wants
to BAILOUT…WHO?…CHINA!
June 7th, 2009 at 4:16 pm
Outstanding! Thank …
Outstanding! Thank you!
June 7th, 2009 at 4:16 pm
i am with …
i am with starcatcher888 on this…give me liberty and freedom or give me death!! Absolutely NO to the Bail Out of Weathy Gamblers! Instead they need to lower home values to the price they are truly worth and readjust mortgages accordingly…Down with Inflated prices and Wall Street Egos!!!! The American people have been Raped and Pillaged for far too long now…this MUST end!!!
This entry was posted on Sunday, June 7th, 2009 at 4:16 pm and is filed under bank houses. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply