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–Richard

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Thoughts on this the following commentary anyone?

"This massive bailout is not a solution. It is financial socialism
and it's un-American." — U. S. Senator Jim Bunning (R., KY)

"This is welfare for the rich. This is socialism for the rich.
It's bailing out the financiers, the banks, the Wall Streeters."
– Jim Rogers, financial analyst and best-selling author

THE SHOCK DOCTRINE
Paul Joseph Watson
Thursday, September 25, 2008

From shying away from even mentioning such terms as "recession," "unemployment" or "bank failures," Bush, Bernanke and Paulson
are now vigorously invoking the fear of financial meltdown as
part of a campaign of economic terror to blackmail the American
people into accepting the power-grabbing "bailout."

Bush's speech last night was a throwback to his March 2003 stump before the invasion of Iraq - replace words like "weapons of mass
destruction" with "financial panic" and the tone of the two is
not dissimilar.

Bush rammed home the fear by appealing to people's personal anxieties.

"More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your
retirement account. The value of your home could plummet.
Foreclosures would rise dramatically," barked the President.

"And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their
doors, and millions of Americans could lose their jobs."

Bernanke and Paulson spewed similar rhetoric during Tuesday's Senate Banking Committee meeting. Compare their dire proclamations
with their outright refusal to even entertain the notion of a
recession as little as seven months ago.

Now Paulson tells us that people "should be scared" and that the only solution is for taxpayers to foot the bill to the tune of
$700 billion dollars - a number we now learn was simply pulled
out of thin air by the Treasury - while the Federal Reserve
swallows up all manner of new regulation powers.

The financial terrorism being perpetrated in threatening
Americans with unbridled chaos unless they acquiesce to political
demands, and the coordinated ferocity with which it is being
delivered, is necessary for the crooks because they are
desperate to get the bailout passed before Congress really has a chance to digest exactly what it stands for.

This is what's called the "shock doctrine" — the accelerated
passage of what is essentially dictatorial legislation without
proper scrutiny by means of exploiting a temporary state of fear.

This is not just about $700 billion of taxpayers' money and the continued sacking of the dollar, it's about the imposition of a
giant new infrastructure of control and regulation on behalf of
the private, run for profit, Federal Reserve.

Bush even alluded to it last night, stating that Paulson's bailout would mean the "Federal Reserve would be authorized to take a
closer look at the operations of companies across the financial
spectrum."

But this is merely scratching the surface. As Sen. Jim Bunning, R-Ky., said, "This massive bailout is not a solution. It is
financial socialism and it's un-American." In fact properly defined,
one could label it "national socialism," otherwise known as fascism.

As professor of economics at New York University Nouriel Roubini framed it, welcome to the United Socialist States of America and
"the most radical regime change in global economic and financial
affairs in decades."

The plan was drawn up months ago, lying in wait for the right crisis to see it enacted, just as the Patriot Act was prepared
well in advance of 9/11.

The Treasury's fact sheet about the bailout states, "The Secretary will have the discretion, in consultation with the Chairman of the
Federal Reserve, to purchase other assets, as deemed necessary to
effectively stabilize financial markets."

*This gives the government and the Federal Reserve carte blanche to do whatever they want to long as it is done in the name of
stabilizing financial markets, they can nationalize any company
or industry and use taxpayer money, above and beyond the initial
$700 billion, for whatever purpose is deemed necessary, without
any oversight. Paulson's bailout plan is also unreviewable
by any court, it will remain in perpetuity.*

Paulson's draft bailout plans says: "The Secretary's authority to purchase mortgage-related assets under this Act shall be limited
to $ 700,000,000,000 outstanding at any one time."

As Chris Martenson writes, "This means that $700 billion is NOT the cost of this dangerous legislation, it is only the amount that
can be outstanding at any one time. After, say, $100 billion of
bad mortgages are disposed of, another $100 billion can be bought.
In short, these four little words assure that there is NO
LIMIT to the potential size of this bailout. This means that $700 billion is a rolling amount, not a ceiling."

"The bill would bar courts from reviewing actions taken under its authority," reports Bloomberg.

The Bush administration seeks "dictatorial power unreviewable by the third branch of government, the courts, to try to resolve
the crisis," said Frank Razzano, a former assistant chief trial
attorney at the Securities and Exchange Commission now at
Pepper Hamilton LLP in Washington. "We are taking a huge
leap of faith."

"It sounds like Paulson is asking to be a financial dictator, for a limited period of time," said historian John Steele Gordon.

The legislation would provide billions to foreign central banks in addition to private foreign banks.

The proposed move represents a total shift of U.S. taxpayers' funds into the hands of powerful private interests, some of which do not
even represent American companies.

The bailout bill represents the most fascist centralization of power in America since 9/11 and the Patriot Act - and many would
argue that it even trumps that. The fiscal terrorists hope to ram
through their agenda by appealing to people's fears about the
economy, their jobs, their houses and their pensions. But the
temporary pain brought on by a Wall Street crash and a severe recession would be nothing compared to the long-term death knell
that the bailout bill would mean to the free market and economic
liberty in America.
www.prisonnplanet.com

The Creation of the Second Great Depression

Ron Paul
Lew Rockwell.com
Thursday, Sept 25, 2008

Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise
leaders are being taken for our own good, you can know with absolute
certainty that disaster is about to strike.

The events of the past week are no exception.

The bailout package that is about to be rammed down Congress' throat is not just economically foolish. It is downright sinister.
It makes a mockery of our Constitution, which our leaders should
never again bother pretending is still in effect. It promises the
American people a never-ending nightmare of ever-greater debt
liabilities they will have to shoulder.

That describes the current bailout package to a T. And we're being told it's unavoidable.

The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to
believe it. But that has become the conventional wisdom,
with the desired result that those responsible for the credit
bubble and its predictable consequences - predictable, that is,
to those who understand sound, Austrian economics - are being let
off the hook. The Federal Reserve System is actually
positioning itself as the savior, rather than the culprit, in this mess!

* The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means
$700 billion is only the very beginning of what will hit us.

* Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.

* Then there's this: "Decisions by the Secretary 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." Translation: the Secretary can buy up
whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.

There goes your country.

Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don't make me laugh.

Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president
themselves initially indicated their strong support for bailouts
of this kind - another example of the big choice we're supposedly
presented with this November: yes or yes. Now, with a
backlash brewing, they're not quite sure what their views are. A sad display, really.

Although the present bailout package is almost certainly not the end of the political atrocities we'll witness in connection with
the crisis, time is short. Congress may vote as soon as tomorrow.
With a Rasmussen poll finding support for the bailout at an anemic
seven percent, some members of Congress are afraid to vote for it.

Call them! Let them hear from you! Tell them you will
never vote for anyone who supports this atrocity.

The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our
government and media have been bought and paid for? Do we care that
average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?

When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in
politics and the media?

Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be. http://www.campaignforliberty.com/