Senate Poised to Vote on Bailout

Excuse Me, but by What Authority?

Betsy Ross
http://backupamerica.blogspot.com/

Uncharacteristically, the tables have been switched for the bailout bill, and appears the Senate is going to vote first on the proposed "reformed" bill. All stops are being pulled by both the media, and major leaders in the two political parties in order to shove this rescue bill down the American public's throats, come hell or high water it appears.

Interesting that in the new "revised" edition, an unrelated health care provision was included. A legislative mandate that insurers must cover the costs of mental health treatments as any other medical treatment. Seems almost prophetic that a mental health rider would be attached to the biggest scam and hijacking of our Constitution ever. This morning members of both political parties were using this Congress and Administrations greatest weapon in order to gain the support of the American people - terrorism. Pictures of people standing at the ATM machines unable to get cash. Threats of dried up credit for student loans and car loans. Gee, most of us can't pay for gas as it is, wonder how many cars are selling these days? Maybe those Global Republicrats will need to hang on to those SUVs, BMWs and Mercedes a few more years than they necessarily would. Right now I'm driving a 1994 Honda Civic that has over 300,000 miles on it, a car that during the time I was a border state resident on more than one occasion had been broken into and twice attempted auto theft. Had thought about selling it before I left the state after the continued refusal to get that border secured post 9/11, and now even though expensive with the ongoing repairs is still under $30.00 to fill. Maybe if we actually sealed those borders and reduced, rather than increased, the number of work visas and passed on any amnesty, the kids who actually were college material could obtain their educations the old fashioned way - through scholarships or working at the car wash, summer construction and hospitality/hotel jobs, or landscaping. You know "the jobs Americans don't want."

I have searched and searched the provisions of the Constitution, and nowhere does it give authority to Congress to appropriate taxpayer funds to banks or insurers. Actually, corporations are not parties to the Constitution at all, so actually have no "rights" to begin with. The Supreme Court way back created a phantom "corporate personhood," and those corporate lawyers and big business corporations have been getting away with murder ever since - even so much as have "unequal" protection under the law and above the average "We the People" citizen. Contained within the provisions of the "new" reformed edition is also something that sounds ominous:

"The new legislation states: "Decisions by the Secretary [of 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." The Legislation

allows the Treasury Department to appoint the same bankers who created the crisis

to administer and dictate the use of trillions of our tax dollars. "

This little ditty leaves the oversight of the disbursement and repayment to the Secretary of the Treasury and the Treasury Department WITHOUT ANY OVERSIGHT BY THE CONGRESSIONAL BANKING AND FINANCE COMMITTEES OR THE FEDERAL COURTS. I also have scanned the Constitution and have not seen any authority for Congress to transfer any power at all to a Department Head of the Executive Office. Look how secretive and how citizens get the run around in even attempting to deal with the IRS, so much so that Congress then did another of it's tricks instead of addressing the problems within this Department in creating the supposed "Taxpayer Advocacy" office. I recently attempted to reach the IRS. Guess things have not changed as there was a 90 minute wait, after almost six minutes of menus. Apparently, in order to thumb their noses at the American people again, I recently received an email stating that the Congressional email system has been shut down because the server was on overload due to the number of emails Congress had received. Actually, seems more like they wish to insulate themselves from the public, since most of the average Americans aren't swallowing the media propaganda on this.

Truthfully, not only do I question where Congress had any authority whatsoever to rescue or bail out these bankers, a "created" economic crisis to begin with, but whether these Senators and Congressman ethically can even vote on the bill, since as major investors in the stock market who also receive perks and donations from the lobbyists for the banks, insurers and Wall Street have an inherent conflict of interest, almost each and every one of them.

It is also interesting in that the mortgage mess is being blamed for this economic crisis. Who actually is responsible for the mortgage mess? The bankers and many of those career politicians on the Hill right now pondering this bill. The ones who also lobbied so very hard during this administration to "reform" and deny bankruptcy protection to Americans through their lobbying efforts on the state and federal level and are responsible for the unconstitutional non-judicial foreclosure laws in this country. You would think since Americans can't now obtain relief through the bankruptcy courts that Congress just might see the incongruity of American citizens funding the corporate bankers, especially since many of them are "global." AIG has 130 subsidiaries in foreign nations alone. It is also interesting that this vote is being rush through without investigating in the slightest the validity of these bankruptcies. Perhaps funds were shifted to subsidiaries overseas and outsourced until the smoke cleared, like the Cayman Islands? Perhaps this is going to be a government brokered merger quietly undertaken between Secretary Paulson and the Wall Street financiers he finds worthy?

Something's rotten in DC, that's for sure, no matter what spin is being put on this crisis.

Published by Betsy Ross

Former legal professional and long time resident of the State of Arizona. Have written numerous articles for publication with respect to private property rights, immigration and Constitutional issues.  View profile

1 Comments

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  • Snidely Whiplash10/1/2008

    Nice Job Betsy!

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