Challenge to Congress- Step Up and Fight for Us and Follow the Money

by Gayle Plato, M.Ed.

“We try to use as light a touch as we can. But I am not going to simply put taxpayer money into a black hole, where you are not going to see results,” Obama said, according to Reuters, April 19, 2009

The Obama Administration’s promise deserves respect, and specific expectations by the taxpayer.  Those that protested on April 15, 2009, owe it to each other to keep an eye on the bail-out ball.  Follow that money, but also ask for accountability, and define what each of us is willing to tolerate.

Since much funding is set aside through TARP and not all moving about yet; more programs, bank stress tests, and sweeping powers of the Treasury Department, let us help the Administration do it all well.  I am not a savvy bill writing lawyer, but I know that any appropriations bill written and passed is open to change.  New legislation can supplant old as we are seeing everyday with the bail-outs.  Every Tea Party in the United States noted the need for the average citizen to pay attention, get involved, and LEARN.

I am asking our legislators to go back to Washington D.C., and rewrite history. Get the money flowing out to the people or change the rules and stop it all.  Either stimulate the economy directly like you all said you would last fall, or stop the criminal activity now.  There’s got to be a way to file injunctions to stop money from moving anywhere until we look at Goldman Sachs and AIG and all other hedging and credit default insuring, and now said money laundering of fake profits by banks.  No more money funneled to fraudulent banks and insurance corporations.

John Shadegg is my representative.  I like him, I voted for him, and I am asking him to be Mr. Smith. Go to Washington and shake the tree, knock out all of the fruits, and get me the truth. I want the truth and I can handle it.

POINTS OF ORDER

1)   Immediately ask for a Congressional review, with the direct help of the Securities and Exchange Commission (SEC) regarding the highly suspicious use of ‘side letters” during the entire AIG, Goldman Sachs, banking and hedge fund implosion.  Side letters amount to preferential treatment, but they are SO MUCH more. Track the crooked formulas of insuring mortgage backed securities and look at who was saying what.  What memos are out there, who KNEW of this phony swapping, and what whistle blowers are being ignored?

     The SEC is notorious for sitting on information; they did it with Bernie Madoff, and ENRON.  Get some really smart lawyers and CPAS to do what I did over the last few months READ- Like the good film/book –Seven Days of the Condor (three days in the film)  I can tell you this stuff does not add up.

     Do you remember in the movie A Few Good Men, the entire story was about a command given that was truly a set-aside command.  The implied command was to do the opposite.  It was seen as a criminal act, and it was very hard to prove.  I submit, there is a Watergate-level  debacle right in the desk drawers of AIG and the hedge funds. Also, the International Monetary Fund and the Central Banks are playing fast and loose. This is more than one administration deep too. It is being done with our money.  How did all of these banks last week show instant profits?  Why is gold moving around Europe like proverbial salami in hiding?  (Please see past post regarding this: http://sonoranalliance.com/?p=4031)

 

2)      DO NOT give any more money to the banks, but offer a new bill of the stimulus re-write or addendum with a bail-out going directly to 401Ks.  The President told us this stimulus was for responsible people and we all questioned how you’d be able to pick out the good guys.  Well in terms of economics, the good guys save money. The savers put it away for the future, and the money moves around pumping up the economy. Everybody benefits from solvent and strong 401Ks.   Give the savers back the losses.  It’s really easy to find the amounts and the amounts will cost less than handing more funds to shaky banks, or creating completely crooked mortgage bail-outs to those already in dire straits. The majority of those receiving any foreclosure reprieve, end up defaulting anyway. No one wins with mortgage bail-outs. 

     Bail out the 401Ks and the money goes right into the system while supporting the average man’s wallet.  Let’s face it, the banks are NOT stopping foreclosures, and the credit debt ratios of families are going up.  Meanwhile some couples in their 60s,  are trying to get jobs at Starbucks, or seeing no hope, are debating how to hang themselves and still make sure a family member collect the insurance money.  Needless to say, the insurance companies will probably fold before it all goes down anyway!

3) Get a united group of like-minded Congressmen (women) and start the media blitzkrieg.  ‘We are proposing these things, we are putting together concise documentation of the proposals, we are putting them up at this website, and we ask EVERY AMERICAN that attended a tea party or feels victimized by the crushing debt and family strife, to read these proposals, send a letter to your representative and to the President.  We will change this process today and turn the tables.’  Even if your legislation goes down in defeat, get some congressional review generated immediately of the crooked actions of the credit default swaps.  They may have killed capitalism, on your watch, and you did not try to stop it. 

Do you all want to be voted out in 2010? Well then sit back and look lost.  Do you really believe in the principles you put forth those 15 years ago, the Contract you made with all of us in America that said you respected us?  Prove it.  I believe in you, now do not let me down.  If this mini-van driving soccer mom can see the financial crime and little bits of the trails from my desk, reading LOTS of websites and filtering through material. Why can’t you?

 Abraham Lincoln once said,

“You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people’s initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves.”
 


Comments

  1. Remember that Abe Lincoln also said: “Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”

    The wage payer is nothing without wage earners, and those who can buy his products. Credit default swaps and associated shenanigans are the direct result of a FIRE economy. Finance, Insurance, Real Estate.

    We stopped making things here long ago because the paper-pushers decided that businesses could make them cheaper elsewhere. However, the global paper house-of-cards depended on the American consumer, who put everything on his/her home equity loan. Well, we’ve seen how that’s worked out. The people who made the contract with you 15 years ago were all aboard with the globalism scam, along with Clinton and Bush. Are you enjoying the sucking sound, as Perot predicted?

  2. Gayle,

    Lincoln never said that.

    http://en.wikipedia.org/wiki/William_J._H._Boetcker

    “An outspoken political conservative, Rev. Boetcker is perhaps best remembered for his authorship of a pamphlet entitled The Ten Cannots. Originally published in 1916, it is often misattributed to Abraham Lincoln. The error apparently stems from a leaflet printed in 1942 by a conservative political organization called the Committee for Constitutional Government. The leaflet bore the title “Lincoln on Limitations” and contained some genuine Lincoln quotations on one side and the “Ten Cannots” on the other, with the attributions juxtaposed. The mistake of crediting Lincoln for having been the source of “The Ten Cannots” has been repeated many times since, most notably by Ronald Reagan in a speech he gave at the 1992 Republican convention in Houston.”

  3. Veritas Vincit says

    “The people who made the contract with you 15 years ago were all aboard with the globalism scam,”

    Amen, Donna, Amen… McCain; Kyl; and Shadegg are “free traders” not “fair traders”.

    To keep the FIRE economy stoked, they need cheap service labor for the paper pushers in the white collar offices who can’t mow their own yards anymore.

  4. But he did say this:

    “These capitalists generally act harmoniously and in concert, to fleece the people.”

  5. Veritas Vincit says

    “John Shadegg is my representative. I like him, I voted for him, and I am asking him to be Mr. Smith. Go to Washington and shake the tree,”.

    You obviously don’t pay attention to what he says and what he does.

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