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Libertarian Saturday
Author: TriSec    Date: 09/27/2008 12:57:11

Good Morning!

I hope we all enjoyed the debate last night! A pity that the third-party candidates weren't included; they're running for president, too. But since the two major parties and the M$M control who's going to be there...there was no way we'd ever hear another point of view. That didn't stop Bob Barr. According to the National Libertarian Party, there was a "live countter-debate" last night. Unfortunately, there's nothing on the YouTubes about that yet.

Of course, the other hot item this week has been the economy. The major parties have dominated the debate, but of course the LP candidate has weighed in as well.

In the name of restoring economic confidence, the Bush administration is demanding unlimited authority to implement a massive financial bailout. The Secretary of the Treasury would become an economic dictator, empowered to reengineer the economy as he sees fit. These powers fit Kim Jong-il's North Korea, not the American republic.

The economy is in trouble, but the wrong policy could make things much worse. With the public deeply divided over the proposed bailout, and the future structure of our economy at stake, Congress must stop and take a deep breath before rushing such a far-reaching plan into law.

Rep. Barney Frank, Chairman of the House Financial Services Committee, claimed: "The private sector got us into this mess, the government has to get us out of it." In other words, "Let's just put Sen. John McCain or Sen. Barack Obama in charge and everything will be fine."

This is nonsense. This is irresponsibility of the highest order.

The financial crash is not a "crisis of capitalism." It is the result of foolish federal policies manipulated by private interests--precisely how Washington always operates. Giving Washington more power is no solution.

The federal government cannot eliminate financial losses and should not attempt to do so. It can only shift the burden -- in this case from irresponsible borrowers, lenders and investors -- to taxpayers. Keeping the walking dead on economic life support will only slow down necessary adjustments. The federal government's principal responsibility at a time of financial stress should be to maintain liquidity for use by otherwise sound institutions.

And thanks to the wonders of the internets, the entire statement is available at the Huffington Post.

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21 comments (Latest Comment: 09/28/2008 06:03:28 by livingonli)

Open DEBATE blog.
Author: velveeta jones    Date: 09/26/2008 22:14:07

Watch the language people!!!
130 comments (Latest Comment: 09/27/2008 05:09:15 by livingonli)

Drama McQueen.
Author: Raine    Date: 09/26/2008 12:27:36

The McCain Campiagn said there was never a deal:
To address our current financial crisis, John McCain suspended his campaign and returned to Washington, D.C., today to help build a bipartisan consensus for a proposal that would protect the American taxpayer.

Despite today’s news reports, there never existed a “deal,” but merely a proposal offered by a small, select group of Members of Congress. As of right now, there exists only a series of principles, including greater oversight and measures to address CEO pay. However, these principles do not enjoy a consensus in Congress.

At today’s cabinet meeting, John McCain did not attack any proposal or endorse any plan. John McCain simply urged that for any proposal to enjoy the confidence of the American people, stressing that all sides would have to cooperate and build a bipartisan consensus for a solution that protects taxpayers.

However, the Democrats allowed Senator Obama to run their side of the meeting. That did not work as the meeting quickly devolved into a contentious shouting match that did not seek to craft a bipartisan solution.
Interesting that this comes from a man who on Tuesday still had not read the Paulson Proposal, who, by Thursday still had not called or contacted Senator Shelby, who along side Senator Dodd and many others were working to come together, and who had by all accounts worked out a deal that looked a little something like this:
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127 comments (Latest Comment: 09/26/2008 23:06:37 by Will in Chicago)

Insanity on Parade
Author: BobR    Date: 09/25/2008 11:58:45

Is there something in the water? After yesterday's high-profile double-whammy of jaw-dropping news, I figured I'd read the most shocking stories of the day. First McCain tries to weasel out of the debates, and then Chimpy tries to blame Wall Street's problems on the average American borrowing too much (after telling us all to go shopping after 9/11), instead of on the companies themselves for lending money they didn't have.

Surprisingly though, there are even more shocking news items to report...
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123 comments (Latest Comment: 09/26/2008 06:24:44 by livingonli)

Bailout? John McCain bailed out on himself, his supporters and America.
Author: Raine    Date: 09/24/2008 23:27:49

No debate, John? Is that what you want??? How is that 'Country First?'

I don't know if i can do this explanation justice, but it was brought to my attention (Stan!!! ) that John isn't prepared for the debate!!!

First, we need to establish a simple timeline of today's events... From Obama spokesperson, Bill Burton:
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68 comments (Latest Comment: 09/25/2008 10:12:01 by Random)

McCain's Troubling Ties
Author: BobR    Date: 09/24/2008 12:07:44

The current economic meltdown is dominating the news as investment bigwigs fear for their golden parachutes, and common people fear for their retirement funds. Little spoken is the very real possibility that the dollar could become a worthless piece of paper outside the U.S. Considering how much we import (oil, products from China, etc.), that is a very real problem that requires a careful solution. Considering that this is occurring during the home stretch to the presidential elections, makes it a political football as well.

The McCain campaign has numerous problems. All along they've been slamming Obama as inexperienced. By default, that means Obama's fingerprints cannot be on this situation. McCain, on the other hand, seems to be hip-deep in muck and sinking fast. Consider:
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149 comments (Latest Comment: 09/25/2008 00:14:02 by Mondobubba)

Ask A Vet
Author: TriSec    Date: 09/23/2008 10:39:31

Good Morning.

Today is our 2,015th day in Iraq.

As we always do, we'll start with the latest casualties from the warron terra, courtesy of antiwar.com:

American Deaths
Since war began (3/19/03): 4169
Since "Mission Accomplished" (5/1/03): 4030
Since Capture of Saddam (12/13/03): 3708
Since Handover (6/29/04): 3303
Since Election (1/31/05): 2723

Other Coalition Troops - Iraq: 314
US Military Deaths - Afghanistan: 604
Other Military Deaths - Afghanistan: 376
Contractor Deaths - Iraq: 444

We find this morning's cost of war passing through: $556, 468, 750, 000. 00

Coupled with a proposed Wall Street bailout of $700,000,000,000.00, that's a bitter pill for the next few generations to swallow, hmm?

We're going to do something just a little bit different today. While perusing some of the other blogs linked through IAVA, I ran across something called the "Iowa Veterans Blog". Admittedly, nearly all of us here are hardcore liberals or have a decidedly leftward lean...so more out of curiosity than anything else, I read through some of it to see what the "other side" might think, as Iowa is pretty red these days.

I found a remarkable story about a veteran that couldn't deal with what he saw at Abu Ghraib, decided he was not following Christ, and became a conscientous objector.

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137 comments (Latest Comment: 09/24/2008 04:48:17 by velveeta jones)

Mister, can you spare a billion?
Author: Raine    Date: 09/22/2008 12:31:17

So when is a bailout not a bailout? When the Bush Administration tells you it is. This "bailout" is truly one of the greatest scams ever. It includes no new regulations. Seriously... That amazingly is not the worst part.
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212 comments (Latest Comment: 09/23/2008 05:45:11 by livingonli)

Author: velveeta jones    Date: 09/21/2008 13:09:08

In the 2004 election I voted for……no one. Well, I tried to vote for John Kerry, not because I liked John Kerry so much, but more because I hated what Bush was doing to our country. But my vote didn’t count. How do I know this for certain? I still have my absentee ballot sitting in my filing cabinet!

Having just moved back home, I decided to “be safe” and use an absentee ballot since I didn’t trust the voting machines that were designed to not leave an audit trail. I was told that my signature did not match the one on file. I was told this one week before the election, and after many phones calls and mailings I was finally able to convince the Board of Elections that I was me. So they promptly mailed my ballot several days later to arrive at noon, on……. Election Day!
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117 comments (Latest Comment: 09/22/2008 07:13:46 by livingonli)

Is this the New American Story?
Author: wickedpam    Date: 09/21/2008 03:42:06

I don't usually do blog post, nor do I do them on a Saturday night, but I felt the need to share something had happened, or rather someone that I met.

I met a woman today; she was the first person to come by my yard sale. She seemed like a happy woman, like there was nothing she had to worry about, but what they say about looks being deceiving can be very true.
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7 comments (Latest Comment: 09/22/2008 03:49:13 by wickedpam)

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