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Bail Outs =
Socialist Redistribution of Wealth...
for the Rich...!

[COMMENT:  Speaks for itself...   E. Fox]
 

Dear Fellow Californian,

I wonder why I am shocked that most people do not understand that the recent 'bailouts' are nothing more than socialism at it's finest.

And too, these bailouts are a bizarre form of redistribution of wealth. It is the taking taxpayer's money and redistributing it into the pockets of the wealthy corporations. 

Our Congressional Representative (here in Yuba County), Wally Herger, voted along with Nancy Pelosi and Barney Frank for the socialistic bailout. 

Most of you will be happy to know that  Ron Paul voted against the bailout. 

And our candidate, Alan Keyes also thinks the bailout is socialist. See: http://www.americasrevival.com/articles/080925bailout.php

There has been little outcry about this 2nd unconstitutional and illegal theft by Bush from the 1st unconstitutional and illegal theft of taxpayers money. Bush is using the first theft (mortgage bailout) as a slush fund to redistribute those "easy pickin's" into the pilfered coffers of the auto makers.

But such corruption in the White House seems to have no resistance anywhere.

Many on Capitol Hill think that the incoming Obama administration may be able to use the $700 billion dollar financial system bailout as a vast political slush fund.  All the bailout money, and Obama’s plans for extensive new regulation of energy and financial markets, are attracting a swarm of lobbyists. He will be able to REDISTRIBUTE this money as he sees fit without congressional oversight.

What the Bail-Out does is saddle the country and all its "taxpayers" with with new trillions of debt and makes it such that every "taxpayer", regardless of how wise, cautious and frugal he may be, owes loads of Federal Reserve Notes (money) to the Federal Reserve Banking system. What will the "taxpayers" receive for this new tax albatross around their neck? The answer is that they have received and will receive nothing. Almost all of the Bail-Out money goes to the corporations whose errand boys like Greenspan, Paulson, Bernanke, Dimon, Mozilo and Fuld carried out the debt trap that was set 9-10 years ago.

So this is the "bizarre form of redistribution of wealth" that I was talking about. The rich get richer, the poor get poorer.

This Bail-Out puts a further short squeeze of dollars into play. Perhaps the recent 50% drop in the price of oil, gold trading below 800 and the recent strong dollar portends more ugly things to come.

President Bush gave the U.S. automakers $17.4 billion as an emergency bailout, but the real fate of the industry is in the hands of President-elect Barack Obama. It is clear that the automakers will not be able to repay the money so in the long run the taxpayers are going to foot the bill... and this will be another "bizarre form of redistribution of wealth."

I hear constantly on the news programs that the bailout will be good for America. I keep asking myself "when is Socialism EVER good for America?" They imply that it is "a necessary evil!" Again I ask myself, "when is evil EVER necessary?"

Anyways, we can expect more of the same from Obama. And there is nothing we can do to stop him. The courts have stopped us from unseating Obama  as President (so far) and they are laughing at us to our faces. You can be confident that Obama will embrace even newer and more "bizarre forms of redistribution of wealth" once he is enthroned. Our Constitution is dead and it cannot be revived!

Edward C. Noonan
Chairman - Yuba County American Independent Party
National Committee Member: America's Independent Party
Founder - CA Mormon Battalion
Former 2006-2008 State Party Chairman - American Independent Party
Former 2006 Candidate/Governor - State of California
Former 2002 Candidate/Secretary of State - State of California

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Date Posted -  12/22/2008   -   Date Last Edited - 09/15/2012