“‘To the Democrats and Republicans who have opposed this plan, I say this: step up to the plate. Do what’s right for the country, because the time to act is now,’ Obama told rally in La Crosse, Wisconsin. Obama plans to fly back to Washington later to cast a vote in favor of the plan in the Senate. ‘It is clear that this is what we must do right now to prevent a crisis from turning into a catastrophe,’ he said.” (from ynetnews.com)
This is heartbreaking! How can he say this when so many economists say the plan makes no sense? When the Treasury admitted to pulling the $700billion figure out of thin air? When the people who predicted this crisis years ago are saying it won’t work? When the people being bailed out are the ones whose greed and irresponsibility caused this mess? When there is so much history reflecting exactly what is happening today?
Andrew Jackson to fear-mongering Central Bankers:
“The bold effort the present (central) bank had made to control the government … are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”
“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.'”
“There are no necessary evils in government, the Treasury to you gentlemen is closed!”