Or, would he prefer to remain in the Democrat majority of the Senate come January 20? Or maybe he’s even sending out feelers for a Cabinet post in an Obama Administration… It is getting hard to tell. In fact one could possibly argue that he doesn’t really want it. After all, how many opportunities has McCain had to call into question Obama’s stealth past, his socialist and terrorist connections, his complete and very obvious lack of any academic work that might offer even a minute view into that the man is really thinking and how he views the world – and he has passed nearly all of them by until last week. Indeed, even going on the attack for Senator McCain seem to mean letting you running mate do the dirty work. It is not an abnormal thing to have the candidate at the top of the ticket try to remain above the fray and appear more “statesman-like” while their running mate goes for the jugular. 

Here’s where I have a problem with McCain’s alleged strategy: he’s not going for the jugular and I don’t think he will. Worse, I believe it’s not that he wouldn’t, it’s that he believes he shouldn’t. Senator McCain, a career navy man who has more than served his fair share of time in combat and the living hell of North Vietnamese POW camp, no doubt understands very well the essence of combat. Whether the combat is military or political the goal of combat is victory, and one achieves victory in only one of two ways: one forces the enemy to surrender, or one destroys and terminates the enemy. 

Given the stakes in this election and the fact that they have just been raised immeasurably higher by the recent government actions to nationalize massive segments of the private economy, which McCain himself supports, one would think the Senator would be fighting as hard as he can to destroy and terminate the enemy rather than simply try to force him to capitulate and surrender, and this most especially so given the fact that Obama is undoubtedly the most dangerous man ever to position himself for a takeover of the US Government. I say takeover, rather than “seek election” because in seeking election one does not employ miscreants to engage in vote fraud on a massive scale, nor does one celebrate little children being forced to sing propaganda songs about “hope and change,” nor does one remain conspicuously silent on the subject of youths dressed in fatigues performing paramilitary drills in public schools while shouting out Obama’s plans for “change.”

The thing I am finding truly disturbing is that right now he appears to be fighting for neither capitulation nor destruction of the enemy. In fact, just within the last couple of days Senator McCain has actively defended Obama. His admonished his own supporters for demanding he hit Obama harder over his connection to terrorist William Ayers, and then called Senator Barack Obama an inherently good and decent man who loves and believes in America.

Senator, I beg to differ wit your assessment of Mr. Obama, and here’s why:

1. Inherently good and decent men do not enable infanticide;

2. Inherently good and decent men do not remain silent when their supporters threaten to bring criminal charges against anyone who speaks ill of The One;

3. Inherently good and decent men do not remain silent when children are being exploited for political purposes;

4. Inherently good and decent men to not go out of their way to hide their past;

 5. Inherently good and decent men to not remain silent when children are indoctrinated into politically extremist views by those who are entrusted with their care and education’

6. Inherently good and decent men would not have spent 20 years in a racist, anti-American “church” listening to their pastor incite hate in the name of Christ;

7. Inherently good and decent men would admit to their past associations with extremist groups like ACORN, would admit to the roles they served, and denounce attempts to win an election by fraud;

8. Inherently good and decent men do no associate with admitted and unrepentant terrorists;

9. Inherently good and decent men would denounce their endorsements by Marxist and socialist groups, as well as foreign terror organizations like Hamas and Hezbollah;

10. Inherently good and decent men would not actively try to subvert the foreign policy of the sitting President (however misguided he may be…);

11. Inherently good and decent men would not subvert the Constitution at every opportunity;

12. Inherently good and decent men would not subvert their own nation’s sovereignty to a world body like the UN;

13. Inherently good and decent men speak plainly about what they believe and what they want to do;

14. Inherently good and decent men do not actively sanction the suppression of free speech;

15. Inherently good and decent men do not devalue human life to the equivalent of a “mistake”;

16. Inherently good and decent men do not engage in corrupt activity and then point fingers at others;

17. Inherently good and decent men would admit to past mistakes and ask forgiveness;

18. Inherently good and decent men do not play the “race-card”;

19. Inherently decent men do not incite race-riots through their surrogates;

20. Inherently good and decent men would speak the truth.

There is nothing good and decent about Barack Obama. He is a monster who enabled infanticide simply so he could continue to rake in campaign money and support from Planned Parenthood. He was an “academic” yet never published any professional work, only is self-crafted and spun autobiography. He has denied associations anyone with an internet connection can validate that he had, he refuses to answer questions on almost every facet of his life’s story, and he received not merely a free pass but the adulation and love of the smitten masses who have been waiting for “the One.” History shows time and again when a man come out of nowhere and ascends to high office without vetting and proper examination, the consequences can be most severe. And now with the perfect storm brewing economically, socio-politically, and culturally, we have in Obama the most extreme and dangerous ideological zealot every to seek the Presidency, and a man who has employed masterfully the teaching of his master, Saul Alinsky – deceit on a massive scale, because one cannot divulge who they really are lest they be rejected. Hence the necessity of pretending to be like everyone else; to lie, cheat and steal, to employ thuggish threats and corruption, and to deny everything with a smile while playing the “race-card.” 

The fact is that we no more about Sarah Palin’s 17 year of daughter’s pregnancy and Sarah’s newborn son Trigg than we do about Obama. But John McCain believes he is a good and decent man. The man who as President would utterly destroy what is left of capitalism and liberty in this country is a “good and decent man?” 

While I had been a “fence-sitter” or a “nose-holder,” in less than lukewarm support of this ticket, with this statement coming from a man who portents to be a conservative and a maverick, I can stand it no longer, because with such a statement McCain has as much as openly admitted that he will not rock the boat in Washington, he will not cross the line that counts, he will not be a real maverick when it comes to truly standing up for what is right. And most disappointingly of all, in admonishing his supporters he makes it clear that he will not go for the jugular and fight to terminate Obama’s chances at the White House with the arsenal he has available to him. He will not use all the weaponry at his disposal to bring this combat to a victorious conclusion for the American people. He will not put his country first – for fear of offending fence-sitting Democrats and perhaps losing their support. At this point, in my own opinion, the only reason McCain can call himself a maverick is because he has fought conservatives every inch of the way. 

Like many others out there, I can take a lot and compromise to a point. My line in the sand has been crossed. And, I am now more than ever convinced that if this republic is to survive as a free society, it will be because the third parties run the Democrats and Republicans out of town and make the Constitution the law of the land once again. Anything less will be un-survivable after an Obama Presidency. Continued capitulation to Obama’s Chicago socialist propaganda machine is merely a policy of appeasement that will only serve to undermine the cause of the right. I am now convinced that McCain does not have it in him to fight Obama to the death, so to speak. We all know the MSM is in the bad for Obama, and that Obama is a vey intelligent man with a massive underground extremist organization determined to hand him the Presidency licitly or illicitly – by any means necessary. 

And now we know that the GOP leadership will roll over and cut the best deal it can with these traitorous thugs while leaving the rest of us with false hope. I will not be fooled. I know the GOP cannot be trusted any more than the Democrats. If the future of this republic is in any way to resemble the glories of her past days, the only viable way to set this course is through independent candidates, third parties and merciless phone and email assaults on Capitol Hill. I, for one and for what it is worth, will be throwing myself into third party activism and campaigning. If I had money I’d be throwing that too. It is far better to begin and end the revolution with the ballot rather than with the shedding of blood which should be avoided at all costs, although I am not at all convinced that the government, especially under Obama, would be able resist the temptation to fire the first shot. May God help us in our righteous cause of Liberty.

Here’s a news-flash you won’t see on CNN, FOX, or any other media outlet of ill repute for that matter: the US Government thinks you are stupid. So do the politicians we continue to elect to “represent” us at the legislative and executive levels. So do the bureaucrats that are appointed and hired by the government. They all think we are stupid, and they might even be right.

Why would I even suggest such a thing, that we the people might just really be as stupid as the politicians assume us to be? Here’s my answer: because we are acting like it. And if we don’t wake up real soon and take some serious action we are going to be jolted awake one morning only discover that we no longer live in a free republic, and all the evidence, coupled with the total economic impact of the events of the last several weeks suggest that we are coming perilously close to that day.

Many, if not most, who are reading this would agree with this assessment, but for the sake of those who haven’t been paying attention to history, have no clue that we have a Constitution that is being knowingly and continually violated with seeming impunity by our elected representatives, bureaucrats and judges, and for those who, being either blissfully ignorant about the truth regarding the economic catastrophe our once-free market has become or who simply nod their heads at the assurance of government that they are working hard to fix the problem and everything is going to be OK, I have some disturbing news for you: the government and the politicians you elected are all lying to you – because they think you are stupid. And if you continue to believe them, then you are stupid.

Here is the ugly truth: In the last month your government has committed to spend approximately $1 trillion to bail out various Wall Street financial institutions, along with Freddie Mac and Fannie Mae. That brings the officially acknowledged federal deficit to roughly $10 trillion. And there will most certainly be more regardless who wins the election: more spending, more promises of programs to help homeowners in over their heads, more debt. The Treasury will have to continue bailing out the FDIC as it (the FDIC) has already paid out the $45 billion fiscal insurance policy it holds to the many banks that have already failed. Amid all this chaos the government officials and elected representatives and candidates for office step up and promise they’ll fix it. One of these reprehensible bulwarks of all that is wrong in the world, Rep. Barney Frank – a man who is at the very least (along with his many Democrat and Republican comrades) complicit if not guilty of gross negligence in facilitating this mess has promised to do “major surgery” on the nation’s financial system. 

If Frank and his compatriots in the Congress hold true to their promise you can bet there will be more bank failures and this current recession will likely devolved into a long depression. Why? Because the whole reason the world’s financial system is on the verge of total collapse is because of government meddling in the economy by trying to manipulate and perpetuate artificial conditions of a growing economy. This is called central economic planning, a long discredited manipulative policy that has been proven unsustainable over time, as we are currently witnessing. You will never hear your Congressman or Presidential candidates speak of this, for to do so would betray the truth, and the truth would set us free, so to speak. 

Speaking this truth would be the equivalent of admitting that our planned and over-manipulated economy is no more a true free market system than was the Soviet economy that imploded in 1991 – and as this ugly truth stares us in face all we hear from politicians and bureaucrats is that “greedy Wall Street CEOs” are the ones to blame. In fact, some in Congress are already holding hearings featuring testimony from CEOs of several of the companies recently bailed out or that have failed. The Congress has the sheer audacity to lay 100% of the blame at the feet of these CEOs, who certainly deserve their share of the blame to whatever degree they jumped on the high-risk bundle bandwagon, while conveniently overlooking their own actions that directly contributed the creation of an environment where such catastrophically stupid business practices were not merely possible but were strongly encouraged. One party accuses the other of deregulating the finance industry as if that were the cause while the other accuses the first party of enacting senseless regulations as if those were the cause – and to an extent, both are correct. What was had prior to deregulation was a lot of bad regulation that was replaced by nothing that would solve the problems the bad regulation created, and most would agree that this is so.

However, while enacting laws for the purpose of regulation of commerce is a legitimate function of the Congress, enabling the Federal Reserve to secretly enact policy of its own, and for which it is unaccountable and un-auditable, specifically designed and intended to manipulate the money supply and interest rates to create and perpetuate a false prosperity nicely contained in a bubble that is an anomaly of free market operation, is not. In fact not only does the existence of a central bank go against the advice of the Founding Fathers of our country, it essentially violates all of the core principles upon which the Constitution is founded.

The Founders knew all too well the pitfalls of a fiat currency, that is, a currency of paper money that derives its “value” by the arbitrary authority of government declaring it’s worth, as it is in reality not backed up by any tangible assets. During the Revolutionary War, the Continental Congress financed itself partly by its self-produced Continental currency – paper money like we use today – that was not backed up by gold or anything else of any intrinsic value. The people were forced to use it, and the government simply was able to produce more of it by printing it, until they had printed such an overabundance of it that the currency itself became entirely worthless. Unfortunately the geniuses in government and those at the fed have not correctly understood the warnings of the Founders, because we have been doing the same thing since 1971 when Nixon took us of the gold standard. Either that or they know exactly what they are doing, which would be even more disturbing.

The fact of the matter is that those running the Fed are not stupid – everything they do is calculated. So why would they deliberately choose to destroy the dollar, because that is exactly what our government’s economic “rescue plan” or bailout will achieve if it continues the current charted course. They are destroying the dollar because the fundamental element of this “rescue plan” is the infusion of massive amounts of cash into the monetary system. The problem is that the treasury has none, and so it is left to the Fed to print it. With each new dollar that gets printed and injected into the system, the value of all the other dollars out there is diminished so they become worth even less on the market; therefore the buying power of individuals is likewise diminished as the value of the dollar goes down. The more currency produced, the less value it has. 

This is “inflation 101” and everyone on Capitol Hill and in Washington ought to know that. But, then again, these are by and large the same folks who signed on to creating the conditions that ultimately brought about this catastrophe, so it is not entirely surprising that they would sign on to allowing massive amounts of money to be printed and injected into the system. My dark theory on this is that in doing so they are inviting hyperinflation, which is when so much fiat currency is produced that it becomes essentially worthless (take Italy, for example, where you would pay 10,000 Lira for a pack of cigarettes). Perhaps they know this. Perhaps they don’t care. At the very least, they’d tell us, they are working hard and doing something to “fix the problem. 

But that is exactly the root of the problem in the first place, and so here is where the idea of individual responsibility and self-government comes in. The people are running like sheep in whatever direction the government leads – even if it is off a cliff- and unfortunately they have become so conditioned to looking to government to solve their problems that to do otherwise is often not even an afterthought. The people are not asking the right questions either – if they’re asking them at all. But, they are demanding that government “do something.” If they were living up to their civic responsibilities in the first place they would have been paying attention and seen this coming and would have been able to put enormous pressure on their elected representatives to stop the insanity before the crash became inevitable. 

The fact that this is happening in a Presidential election year makes the idea of individual self-government all the more important. The people are panicking as they see a long and deep recession looming, the politicians are panicking because they are afraid they’ll not be re-elected, and no one wants to tell the truth about how we got here in the first place. And now with the totality of the erosions of our Constitutional liberties having been much accelerated in recent years and the government nationalizing massive segments of industry, taking over individual home mortgages to presumably have courts renegotiate rates or perhaps dictate them, a complacent and uninformed electorate is only weeks away from electing a relatively unknown, unprepared, and untested politician who has spend the vast majority of his life immersed in the world of radical socialist ideology while pretending not to be. Our economy, our nation, our republic is being handed to him like John the Baptist’s head on a platter.

The people are crying, “Do something!”   Be careful what you ask for, because now that the government is doing something everything is going to get worse. You don’t believe that? Then name something outside of the realm of military action or law enforcement that the government does well. Incidentally, the national defense and law enforcement are really the only useful Constitutionally mandated obligations of the Federal Government, aside from the construction of roads, and the legitimate regulation of commerce. 

Also of note is Article I, Section 8. Under the title “Power Granted to Congress,” paragraph 5 reads: “To coin money, regulate the value thereof, and of foreign coin and fix the Standard of Weights and measures.” Note that nowhere in this paragraph is there mentioned an entity known as “The Federal Reserve,” nor is the authority to coin money and fix its value given to a single principal in the person of the Chairman of the Federal Reserve. Furthermore, it is important to note that the Constitution as written is binding as the Supreme Law of the Land, except where amended and ratified. No amendment created the Federal Reserve; rather, by the Federal Reserve Act of 1913 did the Congress unconstitutionally give charter to the Federal Reserve and illegally abdicate its obligation to coin money and set its value. Indeed, as if the creation of the Fed as an illicit central bank wasn’t bad enough, think for a moment of the sheer audacity and arrogance in thinking that one person with even the best and brightest minds to assist them, could ever permanently manipulate the forces of the free market to create a condition of permanent prosperity. And that is a major part of the problem.

If the markets were left to themselves there would indeed be periods of growth and periods of correction; however, absent mountains of poorly defined or ill-scoped regulation and meddling politicians abusing their lawful authority to implement self-serving policies pandering to their own constituencies and thereby exerting massive, undue influence and encroachment on the machinations of the free market, those corrections would be comparably mild and sort-lived. Yet those very persons responsible for creating those conditions encouraging greed and corruption are now the same who demand of us still more of our money and our trust. The talking heads on the TV, with few notable exceptions, tell us repeatedly that as unfortunate as it is, we have no other option. 

To those who suggest as much I say this: economic freedom and liberty are inseparable – you cannot have the one without the other. If the market can be so easily manipulated by the arbitrary will of government for the benefit of the few, then the market is not free and neither are those who participate in it. If, on the other hand, the market is allowed to dictate unto itself and to its participants the worth of goods and services and the worthiness of those who seek them, then all are able to prosper to the extent that they wish to share in that prosperity. Such is free-market capitalism is spared undue meddling of government. That is our other option, indeed our only option; for if we do trust these power hungry fools again, the hegemony of the government, then we are exactly as stupid as they think we are, and we deserve the misery that shall most certainly befall us. If not for liberty we would only then have no other option but follow along like sheep and give to government all that it demands. We are now at a crossroad in the history of this nation, and the decisions to be made and the actions to be taken in the immediate future will have a profound and perhaps irreversible impact on our lives and those of our children. 

Let us not fool ourselves: we have been asleep at the wheel for far too long, and if we don’t immediately wake up and grab the wheel we run the very serious risk of driving right off the cliff. If you don’t believe in the possibility of an authoritarian socialist regime in the United States you are either very naïve or ignorant of history, because the possibility is not only very real but is staring us in the face. Right now our system is still the best in the world, albeit imperfect. It would be even better and we would be returned to great prosperity if our representatives and government were actually abiding by the Constitution. They will not do so unless we the people force them too.

It could be argued that we are in the beginning stages of tyranny, of the proverbial “benevolent dictatorship.” The government is moving now, through the Fed, to take over controlling interest in even more of the banks in the US. The government is also planning on purchasing mortgages and will thus become the largest homeowner in the world. As they “loan” billions to the auto industry and then, doubtless, to others they will likewise require oversight, if not “public ownership” in those companies. Does “public ownership” sound familiar?   Once government encroaches on a segment of the private sector it will not extricate itself unless the people force it to do so. Remember, the New Deal was sold to the people on the premise that it was a temporary measure to meet the needs of an extraordinary crisis. This same line is being sold to us today. Don’t believe it.

At a time when government encroachment into the private lives of citizens at the federal and state level is at an unprecedented level, where state executives and legislatures usurp the rights of parents by mandating that children receive certain “vaccines,” where the Federal Government is pursuing a course to take over massive segments of the economy, where private sector jobs are being lost while government jobs are being created, and where the most likely winner of the upcoming Presidential election will seek to force state run health care, “world” taxes payable to the UN, and the elimination of the right of Americans to keep and bear arms, complacency is not an option. We must be organized and united starting today, for we must take back control of our government and make it work for us and not against us. Government encroachment into areas heretofore left to the individual self-government and personal responsibility of each citizen is out of control, and if left unchecked it will consume us. Keep this in mind: our Founding Fathers sacrificed their very lives for the liberty we are letting the government illicitly usurp piece by piece. So, as you witness these current events continue to unfold, keep asking yourself this question each day: “Am I sovereign or a subject?” Wake up, America, before it’s too late.

While Washington DC is certainly no stranger to political dirty tricks and mountains of lies used to bamboozle the American people into thinking that these criminals are actually “working hard” for us and our families, the ramifications of the current smoke and mirrors games being played by House Democrats under the dubious leadership (if it could be termed as such) of Nancy Pelosi and Barney Frank regarding HR 3997 is unprecedented.   It is not so much unprecedented because the methods employed, but because of the seriousness of the blatant unconstitutionality of the issue. Thankfully the measure was defeated. Disturbingly, it came to the floor for a vote in the first place.

True, Congress has been passing overtly unconstitutional legislation for a long, long time now, however the consequences of passing this piece of legislation in terms of what it means for the future of our economy, our political system, our government and out individual lives is not simply your everyday run-of-the-mill unconstitutional piece of legislation. It is treason. And now the traitors, Pelosi, Frank, Rangel and the rest of the Capital Hill Gang are patting themselves on the back, lauding their actions in getting this bill to the floor of the House as heroic. Frank, Rangel and Barbara Lee all made similar comments to the effect that because the American people simply cannot begin to understand the true gravity of the current economic situation and thus are mostly opposed to passage of this bill, we the people will never be able appreciate the actions they are currently taking to save us, our economy, our jobs, and indeed, the world. What a heavy, lonely and thankless burden that must be to bear.

Stunningly, while urging their colleagues to support this unconstitutional monstrosity many of these representatives loudly proclaimed their unwavering support for this bill while literally waving their pocket Constitutions in the air. These were indeed rather puzzling moments. It would have been nice if these bastions of the democratic process had actually read the Constitution at some point in their political careers, because if they had done so perhaps we might not be in quite the dire predicament we are. Perhaps then they would have realized that at least half of the legislation that moves through the House is unconstitutional for many reasons, not the least of which is the tendency of the Congress to enact legislation that reaches beyond its Constitutionally imposed constraints, like chartering government sponsored entities such as Freddie Mac and Fannie Mae or even appropriating $700 billion to bail out the financial sector of the economy.

And, as if the treasonous activity of this Congress were not in and of itself enough, consider the ineptitude of action and leadership that allowed for this situation to arise. As far as accepting the fair share of blame for the current financial crisis, both parties are at the very least complicit, and certain individuals in both parties ought to be investigated and tried for criminal negligence. Consider the fact that repeated warnings from economists, treasury, Fed officials and mortgage industry insiders were consistently ignored by those on committees that should have seen this coming and whose members were raking in PAC and lobbyist money from the very institutions they were charged with overseeing.

Consider the outright corruption and the implied threats of enforcement action against lenders who weren’t as enthusiastic over providing “affordable housing” as the progressives in Congress and the Clinton White House. Consider the outright fraud employed at Freddie and Fannie to boost numbers and activate executive bonuses. Consider the fact that Congress ignored all these things and that a certain Senator from Illinois hired two of these former executives, Franklin Raines and Jim Johnson, as advisors on his Presidential campaign. 

Consider the outright lies told to the American People by the Democrat Leadership late last week and throughout the weekend. How many times did that call a press conference to inform America that they had a deal when nothing could have been farther from the truth? How many times did they appear on national television blaming the House GOP for holding out and obstructing progress? The very idea that such was the case is one big obscene in-your-face lie told to the people, because the Democrats needed the GOP to be on board with the bill so that they could save face. And what, exactly, did the House Republicans reject en-masse? For starters, how about 20% of that $700 billion being appropriated to ACORN? Remember that group? They’re the ones facing legal action throughout the country for engaging in voter fraud on a massive scale. 

Consider also the voluminous amount of information gleaned by one committee in one hearing by two witnesses, Paulson and Bernanke, who basically told them all that they had better appropriate $700 billion to the exclusive authority and oversight of the Secretary of the Treasury or the entire economy would collapse. One would think that given the enormity of the issue and the amount of the request that more hearings would be warranted and sought. Perhaps they may want to interview one of the 200 economists and three Nobel Laureates who adamantly opposed such draconian government intervention advocating instead the position that such measures may be attractive as a false and temporary fix, but will do far more harm than good in the end. In part, these economists argue the following:

1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses. Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.

2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.

3) Its long-term effects. If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America's dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.

Incredibly, wholly omitted from the debate of this proposed monstrosity is the fact that this bill itself wholly, incontrovertibly and undeniably unconstitutional.   There is little mention of the fact that it would be green light for a de facto implementation of socialism by a legislature that has no such authority to give to a Treasury that is likewise restricted from so engaging in the private market.

The only sensible solution to this problem to do what the government has been trying to avoid for the last several years though use of Fed over-manipulation of interests rates and printing too much money to inject into the national monetary system. That sensible solution is to simply let the market heal itself. It will be painful, but not nearly as painful as taking such deliberate steps toward socialism and pretending that the government is going to make money on the deal and be able to privatize those companies again. Seizing banks and financial institutions and then brokering off their assets to the stronger banks is a temporary quick-fix that will have to be dealt with at some point, and the best way to deal with what is fast becoming the new landscape on Wall Street is to break up some of these banks. If having seven or eight big banks holding trillions in bad debt, how is it better when the number of banks is artificially reduced to three, J.P. Morgan Chase, Bank of America, and Citigroup, with the Fed promising to print billions of more dollars to flood the system with liquid cash and further hurt the dollar?

Liquidation hurts and people and institutions will suffer, but the alternative is far more dangerous in both the short and long term. For the White House and leaders on Capitol Hill to continue to panic the people and the market with alarmist rhetoric that, unless they act quickly, a global economic catastrophe is imminent when they do not know that this is truly the case is inherently dishonest. But what is worse, for them to have the audacity to wave the Constitution in their hands and proclaim that they are defending both it and our liberty by subverting the founding document of this nation and illegally usurping what of right belongs to the people is more than dishonest, it is treason.

What is the true cost of the proposed government bailout?  While most of America was enjoying the last weekend of summer and watching football, our unelected and unaccountable bureaucrats at the Treasury Department and the Federal Reserve were busy working on how to “solve” the financial crisis that seems to grow bigger and worse by the day. The “initial” solution that they came up with will cost between $700 billion and $1 trillion. That is the initial estimate of the cost. You can bet it will go much higher.

Wall Street has essentially collapsed and its geography has been forever change due to the deadly combination of greed, ineptitude of oversight, and government interference in the form of too much bad regulation. All this coupled with the Fed eternally manipulating interest rates and printing money in a vain attempt to affect a positive outcome and stave off the looming crisis as it simmered only served to compound the problem, and we are seeing the results. The result is an economic collapse or meltdown.  It is primarily due to government manipulation and meddling in something it has neither the authority nor the tools nor the competence to be meddling with. It is the result of “command economics” and central planning. Central planning is always bad for an economy, and in this case really, really bad planning results in a really, really bad problem

Admittedly, there was a certain degree of satisfaction watching the likes of Nancy Pelosi, Chris Dodd, Harry Reid, Barney Frank and the rest of the criminals on Capitol Hill standing there like deer in the headlights, with the shock and awe clearly displayed on their faces after their conference with Treasury Secretary Paulson and Fed Chairman Bernanke. One has to wonder, though, if the looks of grave concern were precipitated by the fact that they had just been told that the economy would imminently collapse if AIG were allowed to fail, or if it was because they understand that they are complicit in this financial catastrophe and are terrified that they will be found out. 

Sadly they have no real cause for concern, though, because the only pseudo-mainstream publications that actually report the truth of this mater and name who is complicit in creating the conditions and ignoring the signs that allowed this financial meltdown to occur are your usual “right-wing conspiracy” theorists like the editors and reporters at the Wall Street Journal, Portfolio, National Review, Weekly Standard, Investors Business Daily and the like. Guaranteed you won’t hear Katie Couric and Charlie Gibson bringing up names like Donna Shalala, Jamie Gorelick, James Johnson or, heaven help us, William Jefferson Clinton.

A remarkable thing is occurring before our very eyes in Washington, though – Republicans and Democrats seem to be genuinely working together to implement a solution as quickly as possible to calm fears and the markets. Certainly there are many differences being voiced, but in general they are all in agreement and the final product will be a matter of hammering out the minutia, so to speak. This is actually more frightening than the actual financial crisis. Why? Because these are the folks that got us into this mess in the first place due to their own narrow self-serving interests, incompetence and corruption, and purposeful lack of oversight of the Leviathan wherein this meltdown began – Freddie Mac and Fannie Mae.

The solution as it stands would give at present would give Treasury Secretary Henry Paulson extraordinary, unprecedented and essentially dictatorial authority to essentially do what he pleases with $ 1 trillion in taxpayer money. The Wall Street Journal called it for what it is: “Lots of money. Lots of power. Naked, ugly dictatorial power.”

The actual language in the proposed bailout Act as written by Treasury lawyers doesn’t inspire comfort either: “Decisions by the 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.” This language is self-explanatory. And it is frightening.

And this is most likely only the beginning, the tip of the proverbial iceberg. On Monday former President Bill Clinton called for a bailout for all those homeowners who can’t afford to make their mortgage payments. The auto industry in Detroit is lining up for handouts to the tune of $50 billion minimum, a deal that has all but been cut between Detroit lobbyists and Speaker Pelosi. One can be sure that credit card debt will mushroom sooner rather than later and all those banks holding that debt will be demanding their share of the taxpayer-funded pie. The airlines won’t be far behind as they are being crushed by unprecedented fuel prices. And on it goes with no end in sight, and that is precisely the problem with government bailouts on such a massive scale; once they begin they do not end.

Right now it is difficult to assess whether we are still at the crossroads or if we have turned a corner toward authoritarian socialism, but is the language in the proposed plan is any indication suffice it to say that things to not look good for the future of a free market or for liberty in the US. And this is unconscionable.

In undertaking to engage in the extraordinary practice of massive government bailouts and nationalization of the most fundamental sector of the economy the US government has stepped into territory unknown since before the Revolutionary War. In fact, it was this exact type of arbitrary government authority that was the reason for fighting the Revolutionary War. While the talking heads on TV and radio speak of entering into “uncharted territory,” the brutal fact of the matter is that this is far from uncharted territory for this same unchecked and arbitrary government power was seen, understood and resisted the Founding Fathers of our republic as they were not afraid to call it for what it is. It is called tyranny.  

It is no secret to anyone who has read the Constitution of the United States with even a modicum of understanding that al three branches of the Federal Government have been violating their Constitutional authority for quite some time now. However, the actions taken by the government over the course of the last week are truly unprecedented. No branch of the government has any Constitutional authority whatsoever to takeover operations of a private business. No government authority is granted by the Constitution to appropriate public fund for such purposes. And certainly no Constitutional authority exists to allow for granting dictatorial powers to a cabinet secretary to run and attempt to manipulate the economy as he sees fit. It is unprecedented and entirely unconstitutional.

And yet knowing it is unconstitutional, out of fear this Congress will overwhelmingly approve this illegal action. And they will hope and pray that it works. And if it doesn’t? It this plan doesn’t work – and keep in mind that there is no Plan B because this is Plan B – amid all the uncertainly that would follow such events, the one thing you can be assured of is even more invasive and strict government intervention. But to what end? Government issued and approved credit becoming mandatory and the sole acceptable manner of conducting commerce? Government seizure and control of all banks and credit issuing agencies? Where does it end?

And what if it does work? What if those administering the government later decide that the government should remain in total control of the financial sector and through still more illegal Acts of Congress continue to "renew" the contrived authority to seize and maintain private companies in conservatorship? What then? 

Perhaps most frightening is that no one in government is listening to anyone who is raising these concerns because that is what happens when fear rules the day, and more alarming still is the known fact people will accept anything that promises even temporary security when real fear is being held over their heads. Hitler, Stalin and Mao did not rise to power because people were happy and comfortable and felt secure politically and economically. Fear is a dangerous weapon and history has shown time and again how fear, when employed and exploited by government, always proves fatal to liberty. And when government moves quickly to address a problem, even a well-intentioned solution will result in some very foreseeable repercussions that no one in Washington wants to acknowledge, much less address.

When a people willingly sacrifice their liberty – as is about to occur here – they are no longer sovereign, but subjects, for a republic exists only when a free people willingly submit to a governmental authority de jure, that is an established and mutually agreed upon system of government that by law may operate only with clearly defined limitations, purpose and intent. Should said government exceed any or all of those limitations, thereby exceeding its constitutional authority, it is the responsibility of a free people to take what power with which it is vested – that is all real power – and bring an abrupt end to government abuses of authority. 

In a republic, government exists and operates at the pleasure and by the authority of the people. That is what is meant by government de jure – government by and of legitimate law. When government abuses its power and acts outside of its legally defined authority it acts arbitrarily and becomes a government de facto, that is government by decree or imposition. In such a case citizens are no longer sovereign, but subjects; and, so it almost goes without saying that given the purpose of government being control, thus it’s natural tendency to encroach on liberty and thereby necessitating a clear legal definition of its valid scope of authority, once government exceeds said limitations of authority with impunity it will continue to do so. And in doing so it will continue to encroach upon and usurp individual rights and liberty unless the people fulfill their own obligations as a free people and stop it. 

In a republic such as ours, all true, valid and legitimate power and authority is vested in the people, not in the government. That is unless or until the people relinquish that power either by action or inaction to the government. Such is our present predicament.

As stated above, we all know that all three branches of our government have been exceeding their legitimate authority for many, many years now, encroaching on liberty and violating the Constitution. With this latest government incursion and illegitimate execution of authority it does not have the stakes have become frighteningly high and all too real in a vey short span of time. Now is the time for the people to decide: subject or sovereign, courage or cowardice. This action now being undertaken by the US Government takes the idea of sanctioning the violating of the Constitution to an unprecedented and very dangerous level. This time the politicians and bureaucrats have not only arrogantly wiped their hind-sides with the Constitution, but once they are finished wiping they intend to rub it in our collective faces – but only if we let them. 

If we rise up and let our voices be heard, they will respond, for nothing motivates career politicians like fear, especially in an election year and with the elections a little over a month away. We have a choice: we can make our collective voices heard now, loud and clear and force them to respond, or we can wait and see what happens. The problem with the latter choice is that the next time the people decide to rise up in the face of tyranny they may have to do it with torches and pitchforks and rifles.

So what is a trillion dollar government bailout really worth? What does it really cost? The true cost of the thing is liberty and a free market economy. The price we will eventually pay is subjection to tyranny.