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| FED Bailout Plan: "We have a Deal" (correction please) |
| Thursday, 25 September 2008 12:02 |
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The controlled media is telling the American public that a deal has been struck in Congress to pass the FED/Treasury bailout plan. One problem - Congress still has to conduct a vote. It says so right in the Constitution. You know, the Constitution - our social contract with our central government, which at least for a few more hours, is still partially in affect. Here is a typical news headline going around this afternoon: "NEW YORK (CNNMoney.com) -- Lawmakers have reached a bipartisan deal on the $700 billion financial bailout plan being pushed by the Bush administration. Both parties and both houses agreed Thursday to a set of principles on revisions to the rescue plan..." What this information translates to in the real world is this: At the moment, only the bought off leadership of the Republican and Democratic parties have agreed on a deal. The bought off media are just playing their role by dutifully informing the American public that we are now, rest assured, looking at a fait accompli. Like an appreciable percentage of what comes out of corporate PR departments however, this is a lie. The coup plotters in all this are just hoping we rest assured. It's not over until there is a vote, and it is unlikely the votes are yet there for passage. As we write this, this is the most anyone can be sure of: Discussions are underway right now as to the amount of money it is going to take to buy off the necessary votes it will require for passage of this deal. Bi-partisan leadership does not yet know what they are going to have to spend, or whose careers they are going to have to threaten with destruction, in order to pull together the total votes they still need for passage. Some of the facts: We've got Congressmen saying that calls coming into their offices are running 100 to 1 against this bailout. Other Congressmen around the country are getting reports of concerned and irate constituents showing up in their local district offices to demand a "NO!" on this bailout plan. Such visits are quite uncommon. Congressmen standing for election in just a few weeks tend to notice such things. More importantly, many of these visitors are calling for a "NO!" not just on $700 billion dollars but also on what amounts to the formal transfer of spending power from the US Congress to the un-elected head of the US Treasury - a puppet of FED masters. That's what this wording in the bill translates to: "Decisions by the Secretary [of Treasury] pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." American's who wish to live under some leftover of the rule of law in this country, need to stay on their Congressmen. Another day of calling, emailing and visiting Congressmen is in order. We still have the power to raise the stakes so high that the criminals attempting this coup run out of their available political capital - which unlike dollar bills cannot be created out of thin air. The American people need to make it clear that passage of the bailout bill will be considered as this Congress' final act in abdicating is constitutional authority to faithfully represent us. If this Congress votes to make itself illegitimate, Americans will vote for a new Congress in just a few weeks.
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