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The Way the Bailout Hearings Should Have Gone

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Contents

New! Those High Gasoline Prices
The "What's Wrong with Medicare?" Page The Second Amendment Page War on Terrorism Background on Osama bin Laden
U.S. National Security News Important Documents Quotes The Way We See it--
Original Commentary
Constitutional Matters Page Big Government Alert Page Defense Issues Law and Order
Political Watch Breaking U.S. Politics Republican Party News Culture
International The Economics Page The Public Education Page Web Rings
The Independence Day Page The California Power Mess Page The Electoral College Page Civics and Politics On-Line Store

Important Documents

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Quotes:

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  • "One of the traditional methods of imposing statism, or socialism, on a people has been by way of medicine. It's very easy to disguise a medical program as a humanitarian project. Most people are a little reluctant to oppose anything that suggests medical care for people who possibly can't afford it."
    --Ronald Reagan
  • "There's a reason why the Obama administration wanted to cram this massive spending bill through the Congress by Abe Lincoln's birthday. Speed is of the essence: The longer it lingers, the more details emerge, proving this egg is rotten to the core. Republicans are now using those details to build skepticism about this freight train of partisan pork."
    --Brent Bozell, founder of the Media Research Center
  • "You know how Congress is. They'll vote for anything if the thing they vote for will turn around and vote for them. Politics ain't nothing but reciprocity."
    --American humorist Will Rogers (1879-1935)
  • "Big government is where nations go to die -- not in Keynes' 'long run,' but sooner than you think."
    --columnist Mark Steyn
  • "Americans now know that the 'change we can believe in,' which President Obama promised, means a taxes-optional administration."
    --columnist Debra Saunders
  • "We can’t afford the bailout. And we certainly cannot afford the misnamed 'sweeteners' intended to buy the votes of House members. Using money the government doesn’t have to persuade legislators to spend even more money they don’t have is a fiscal and moral outrage. Turning normal bills into fiscal Christmas trees is bad enough, but the administration’s and congressional leadership’s attempt to avoid a genuine vote on the merits of legislation so expensive and far-reaching is a travesty."
    --Bob Barr, Libertarian Party nominee for president
  • "These two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis."
    --Rep. Barney Frank, in rejecting a 2003 Bush administration plan to reform the mortgage industry.
  • "The collection of taxes which are not absolutely required, which do not beyond reasonable doubt contribute to the public welfare, is only a species of legalized larceny. The wise and correct course to follow in taxation is not to destroy those who have already secured success, but to create conditions under which everyone will have a better chance to be successful."
    --Calvin Coolidge
  • "If government subsidized beaches, we would have a shortage of sand."
    --Ronald Reagan
  • "The government big enough to give you everything you want is big enough to take away everything you have."
    --President Gerald Ford
  • "Taxes are commonly a calamity for the people and a nightmare for the government. For the former they are always excessive; for the latter they are never enough, never too much."
    --Juan de Mariana (1535–1624)
  • "Almost all limits on federal power have been set aside in the interest of the common good. Politicians pay far more attention to the wishes and demands of the mob than they do to the constraints of the Constitution. Politicians, beginning with Woodrow Wilson, have been working with great success to convince the vast majority of Americans that this is a country of majority rule, not a country of law."
    --Neal Boortz
  •  

The Way We See it:

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  • My Pledge of Allegiance
    It was a sad day indeed when it dawned on me last week that I could no longer, in good conscience, recite the Pledge of Allegiance. Ironic isn't it, that a former Texas A&M University Naval cadet and patriotic American citizen should find himself in such a position.
    by Kurt Nauck
  • What's Wrong with Social Security?
    Recently, Alan Greenspan has shaken up the major news media with his testimony to Congress about the health of the Social Security system. Headlines scream, "Greenspan says that Social Security benefits must be cut!" Well, duh.
    by Donald A. Tevault
  • John Q., National Health Care and the Hollywood Left
    Denzel Washington is a brilliant actor who wastes his talent by starring in some really stupid, poorly-written movies. I now only watch his movies whenever I happen to be someplace where one is playing on television. That was the case a few nights ago, when I saw John Q. on the Starz channel. John Q. isn't just a bad movie, though. It's also a two-hour long propaganda piece that extols the virtues of national, government-run health care.
  • THE GREAT DISAPPOINTMENT!--President Bush and Big Government
    Many Outrage readers recoiled in fear from the idea of a Gore presidency. What would happen if he were declared the winner of the 2000 election?
    From The Outrage. Used by permission.
  • The Farce of Campaign Finance Reform
    The U.S. Congress have just shredded the First Amendment. So, why hasn't there been more of a public outcry?
  • Why Study Civics?
    As is the case with most every webmaster, I like to get a general idea of who visits my site, and how people find it. So, a few weeks ago, I noticed from my Hitbox statistics that someone had found my site by asking a search engine, "Why study civics?". That is a good question. And, I believe that it deserves a good answer. There are, after all, some fairly important reasons.
  • Economic Lessons from the California Power Mess
    The current mess in California proves how important it is for everyone to have a good, soa good, solid understanding of basic economics. Indeed, one has to wonder if anyone at all in California has even the least bit of a grasp on this particular topic. Certainly, California's politicians don't. The voters don't either, or else they'd vote these rascals out of office.
  • Adventures in Watching CNN
    I never watch CNN because I choose to. The only time I ever watch CNN is when I just happen to be some place where someone else is watching it. Such was the case on Thanksgiving day 2000, when I visited my aunt up in Alpharetta, Georgia. In a very short period of time, I pointed out to her several instances of blatantly biased reporting.
  • Should Everyone Vote?
    You've heard it all before. "It's your civic duty to vote! Democracy depends on it!" Even MTV gets into the act with their ridiculous "Rock the Vote" campaign. The main problem with this is that too many people--dare I say, most people?--have absolutely no business coming within 100 yards of any polling booth. Why? Simply because, they haven't a clue as to what they're doing.
  • About Those Executive Orders
    The subject of presidential executive orders has been a controversial one for many years. While President Clinton has made extensive use of executive orders, he's not the first President to have done so. In fact, his uses of executive orders haven't always been the most controversial.
  • The Tenth Amendment--Forgotten, But Not Gone
    The founding fathers of our country believed in a small federal government with limited powers. So, accordingly, they wrote a constitution that is short, sweet and to the point. In it, they enumerated the powers and the duties of each branch of the federal government. Then, in an attempt to ensure that the federal government would remain small and unobtrusive, they added the Bill of Rights. It's hard to read the news without seeing something mentioned about one of these rights. One that's never mentioned though, is the tenth amendment. Since the days of Franklin Delano Roosevelt, the tenth amendment has been completely ignored. As a result, the federal government is now doing all kinds of things that the constitution does not authorize it to do.
Law and Order

Law and Order

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  • No Mystery Here
    You don’t need a convoluted device to explain Alexander Litvinenko’s demise.
    By Charles Krauthammer
  • More illegal aliens tried in gang rapes
    Two new cases uncovered in unnoticed crime wave.
  • In Defense of Debt Collection
    The Federal Trade Commission is all ears when it comes to complaints about debt-collection agencies, writes Lew Rockwell. In fact, the institution of debt collection rewards people for keeping their commitments and punishes those who do not.
  • Is Ken Lay Really a Criminal?
    Yes, Enron employees lost their paper millions when the stock crashed, but so did Skilling and Lay, writes William Anderson. There is no evidence that Lay was secretly selling all or most of his stock in hopes that he could jump ship and swim to the proverbial Caribbean island to live his last days in splendor. Still, the government stepped in and stripped these people of their freedom and relieved them of their money, too. Stockholders will get nothing.


Culture

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  • Secession and Slavery
    An interesting commentary, “Lincoln, Secession, and Slavery” by Tibor Machan, published by the Cato Institute on June 1, 2002, was recently brought to my attention. I should say at the outset that I have long been a fan of Machan, and have the utmost respect for his positions. I just think he got it way wrong here.
    by Scott McPherson
  • Taking Gore Seriously
    The compounding probabilities of climate change alarmism.
    by Jonathan V. Last
  • Why Would Gays Want Children?
    Is there a more obvious product of heterosexual behavior than the creation of children? If so then isn't it somewhat peculiar that those who shun the behavior of heterosexuality so deeply crave the product that it brings?
    By Kevin McCullough
  • What's discrimination?
    Walter E. Williams: If action were outlawed, life would 'turn into a carnival'
  • Superman Needs an Agent
    Here is this extraterrestrial with amazing powers. Why, asks Robert Murphy, isn't he using his skills more productively?
  • Garrison Keillor Regrets
    This fine writer has a lousy political voice.
    By Lawrence Henry
  • Black-history month ripped as 'ridiculous'
    Morgan Freeman blasts label as divisive to all Americans.
  • Rosa Parks and history
    Most people do not know the rest of the story, however. Why was there racially segregated seating on public transportation in the first place?
    by Thomas Sowell
  • Ayn Rand Introduced Me to Libertarianism
    My very first exposure to libertarianism was provided by Ayn Rand. . .
    by Jacob G. Hornberger
  • Power to the Papal
    Even Fidel Castro bows to the man who did so much to bring down communism.
    BY BRENDAN MINITER
  • The Misnamed Conflict
    The authors of a new book make the case that Civil War and the Confederate defeat resulted in an "ideological downfall" for the limited government established by the Founders. Laurence Vance is the reviewer.
  • I Wanna Be Sedated
    Johnny Ramone was a Bush punk for the ages.
    By Andrew Cline
  • Freedom vs. Dependency
    The Civil Rights Act was a triumph. The War on Poverty was a quagmire.
    BY MYRON MAGNET
  • The Population Implosion
    Can America be saved?
    BY NICHOLAS EBERSTADT

Armed Forces

Defense Issues

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  • Spending War
    Strategic cuts can give us a better military.
    BY BRENDAN MINITER

  • International

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    Political Watch

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    • Barack, The Amazing Mr. Obama
      Barack Obama is truly an amazing man, with many amazing friends. He has succeeded where countless others have failed. And he has also succeeded where many before him have succeeded with the same time honored methods.
      By Mark S. McGrew
    • Obama Citizenship Accusations Come to a Head
      As we have reported earlier in our article "Barack Obama and the Citizenship Scandal," it has been alleged that Barack Obama is ineligible to become president for two reasons:
      by Kurt Williamsen
    • 'Jolting' The Economy
      Barack Obama says that we have to "jolt" the economy. That certainly makes sense, if you take the media's account of the economy seriously-- but should the media be taken seriously?
      By Thomas Sowell
    • We Fail To Learn From History
      How can you not feel that emptiness in the pit of your stomach as you watch our financial markets spin downward?
      By Star Parker
    • Don't blame Sarah!
      Tom Flannery predicts Palin-bashing now will be raised to an art form
    • Mock the Vote
      Our political system is a farce. This year, we have running for president a warmonger who's a reluctant socialist versus a socialist who's a reluctant warmonger. We have two parties that claim they're different, but when the Establishment, the Complex, our shadowy overlords, whatever you want to call them, really want something, they get it.
      by David Heleniak
    • Henry Hazlitt on the Bailout
      Treasury Secretary Henry Paulson needs to change his reading list. Instead of reading the balance sheets and income statements of the failing banking industry, he needs to read Henry Hazlitt's classic book Economics in One Lesson.
      by Scott A. Kjar
    • A Liberal Supermajority
      Get ready for 'change' we haven't seen since 1965, or 1933.
    • Palin Attacks Obama’s ‘Appalling’ Refusal to Defend Babies Who Survive Abortion
      Three times over the last several days, Republican vice presidential candidate Sarah Palin has focused her attention on what she described as Sen. Barack Obama’s “appalling” and “absolutely atrocious” refusal to support legislation in the Illinois State Senate that would have required medical care for a baby who survived an abortion and would have defined such a baby—alive and fully outside its mother’s womb—as a person.
      by Terry Jeffrey
    • Democrats Discussing Second Stimulus Package on Monday
      House Speaker Nancy Pelosi and her fellow Democrats are meeting in Pelosi’s office on Monday to discuss a “jobs creation and economic recovery stimulus plan.”
      by Susan Jones
    • DID MCCAIN REALLY WANT IT?
      Presidential candidates who've choked in the clutch often turn out to be plagued by their own doubts - prey, perhaps, to a political law of natural selection.
      by Peter Feld
    • Obama didn't write 'Dreams from My Father'
      Jack Cashill makes compelling case radical penned Barack's memoir
    • The Corporate State Fails
      According to popular myth, the current financial turmoil is the result of Bush administration deregulation. One problem with that theory: there was no deregulation. The last banking deregulation, the Gramm-Leach-Bliley bill, was signed by President Bill Clinton in 1999. Oops.
      by Sheldon Richman
    • The Corporate State Wins
      The Senate’s passage of the $700 billion bailout of Wall Street, and its presumed acceptance by the House, exposes once and for all the true nature of the American political-economic system. It is free-enterprise in name only.
      by Sheldon Richman
    • Dr. Seuss and the Bailout Plan
      That Uncle Sam!
      That Congress-man!
      We do not like your bailout plan!
      We do not like your taxing plan!
      By Joy Hubbard, Bryan Fischer and Debbie Fischer, with apologies to Dr. Seuss
    • Who is in Charge? Karl Marx or the Marx Brothers
      Little did I know at the time that less than a year later Americans not only would be confronting bank failures, a credit crisis, and a wildly gyrating stock market, but also a federal government taking actions that would make even Karl Marx blush.
      by Nick Nichols
    • Government Failure
      To hear the media pundits and presidential candidates tell it, you’d think Adam Smith has been president for the last eight years and, with a Congress full of free-market advocates, had enacted an agenda of full-blown laissez-faire.
      by Sheldon Richman
    • Bailout plan fails as stocks plummet
      Dow loses more than 600 points as investors monitor House vote
    • My bailout plan
      Congress is beginning debate on a $700 billion plan for U.S. taxpayers to bail out banks, mortgage companies and investment firms that made bad loans to unqualified consumers, including illegal aliens, and became insolvent as a result.
      by Joseph Farah
    • Is This What We Want?
      The bailout is the worst sort of government interference in the market.
      by Rep. Louie Gohmert
    • Our Congress – dysfunctional and corrupt
      Congress was an ingenious, perhaps even inspired, compromise. It was conceived to be the place where elected representatives of the people could meet to discuss and debate ideas in conflict, and shape and smooth and polish those ideas into public policies for the benefit of the people who elected them.
      by Henry Lamb
    • Fair Tax, Flawed Tax
      Does adding 30% to the price of every house sold sound like a good idea to you?
      BY BRUCE BARTLETT
    • How the Right Went Wrong
      A critical look at why the GOP is now in the minority.
      By KAREN TUMULTY
    • No More Great Presidents
      My idea of a great president is one who acts in accordance with his oath of office to "preserve, protect, and defend the Constitution of the United States." Not since the presidency of Grover Cleveland has any president achieved greatness by this standard.
      By Robert Higgs
    • Politicians' neglect of the Constitution
      Joseph Farah thumps Congress for not debating declaration of war on Iraq.
    • Professor Stiglitz and the Minimum Wage
      Nothing gets me more upset than when someone brings up an argument supporting minimum wage legislation. It's not that I can't counter the argument; it's just that it takes some time to do. So, once and for all, I'm going to target the main motivation for minimum wage advocates in academia: politics.
      By Vedran Vuk
    • Stiglitz is Wrong on Government
      Joseph Stiglitz shared the Nobel Prize in 2001 partly on the basis of an important paper of his (with Greenwald) that says interventions can make everyone better off. He is a prolific, outspoken, and outstanding spokesman for the pro-government school. Stiglitz sees market imperfections that are remediable by government everywhere he looks; and this paper is supposed to provide the intellectual and analytical foundation for government intervention. Michael Rozeff argues that this important and oft-cited paper completely fails to prove the potential worth of government interventions.
    • The tragic results of congressional fiat
      Walter E. Williams provides evidence lawmakers fail to see whole picutre.
    • Government Keeps People Poor
      Washington reruns are boring. A Democrat beholden to Big Labor proposes an increase in the mandated minimum wage. Republicans beholden to Big (and small) Business defeat the bill. End of episode. Each side has thus reestablished its bona fides with its respective constituency and thus can return to what it really cares about - spending the people's money on war against this, that, or the other.
      by Sheldon Richman
    • Martin Van Buren: The American Gladstone
      President Martin Van Buren was the greatest president in American history, writes Jeffrey Rogers Hummel.
    • Conservative movement is dead
      Joseph Farah says Americans less free than we were under England.
    • Bush's budget boondoggle
      Joseph Farah denounces unconstitutional spending by Uncle Sam.
    • Are we a republic or a democracy?
      Walter E. Williams: Founding Fathers would be deeply disappointed by betrayal of their vision.
    • Hillary: We'll take your money for 'common good'
      Senator speaks to wealthy taxpayers at San Francisco fund-raiser.


    Special! War on Terrorism

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