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Libertarian Presidential Candidate Bob Barr's take on the economic meltdown

 
Anonymous Coward
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09/16/2008 12:06 AM
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Libertarian Presidential Candidate Bob Barr's take on the economic meltdown
Barr Says Financial Crunch Teaches Folly of Government Bailouts

September 15, 2008 3:09 pm EST

“Financial reality has hit Wall Street despite past federal bailouts,” notes Bob Barr, the Libertarian Party candidate for president.

Barr says that massive subsidies for the housing industry and Bear Stearns, as well as a government takeover of Fannie Mae and Freddie Mac, could not insulate financial institutions from the tsunami of bad mortgage loans.

"While the Bush administration has thus far refused to again put the taxpayers at risk by bailing out Lehman Brothers, we should not hold our breath that this or further bail outs will not be approved," Barr observes. "What is required is a long-term solution that incorporates a series of important steps to wean the country from depending on Uncle Sam, which has already put the U.S. taxpayer at risk for irresponsible decisions by private or quasi-government entities."

"First, government must say firmly and unequivocally 'NO' to more bailouts of the very people and firms that have shaken the financial system," explains Barr. “Government cannot wish away mountains of bad debt. It can only shift the burden of failure and delay the adjustment process. Eventually untold billions in bad loans will come due. It is not the responsibility of innocent taxpayers to settle the bill,” adds Barr.

Barr notes that the adjustment process will be painful, but it will be smoother if government makes it clear that banks and investment houses should not wait around with their hands out for taxpayer aid.

"It is impossible for politicians and bureaucrats to decide if the answer in any particular case is bankruptcy, merger, or buy-out," says Barr. "The main task of Washington is to stay out of the way as the market works through necessary economic changes."

Barr says Washington must get its own financial house in order, noting the deficit this year is expected to hit a record $407 billion.

"Next year the deficit is almost certain to exceed half a trillion dollars. These deficits come on top of an already staggeringly high, $9.5 trillion national debt,” says Barr. “We must eliminate all nonessential programs, as well as those with no constitutional authority or which are properly left to the states. The good times when Congress could spend as if there were no limits are long gone.”

“America’s biggest problem is an entitlement explosion resulting from an aging population and rising health care costs,” Barr notes. “Social Security and Medicare have unfunded liabilities in excess of $100 trillion. That is more than seven times our annual GDP. Finding answers will become more painful, both economically and politically, the longer we wait to act. Addressing entitlements should be a top priority of the next administration.”

“The shake-ups on Wall Street have just begun,” warns Barr. “But government should stay out of the process. The principal cause of today’s financial chaos is past government subsidies, bailouts, and poor policy choices. The first step in making the financial system sound is to insist on government making its own finances sound,” says Barr.
Anonymous Coward
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09/16/2008 02:36 AM
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Re: Libertarian Presidential Candidate Bob Barr's take on the economic meltdown
bump
Anonymous Coward
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09/16/2008 02:40 AM
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Re: Libertarian Presidential Candidate Bob Barr's take on the economic meltdown
bump

for my candidate...
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09/16/2008 02:41 AM
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Re: Libertarian Presidential Candidate Bob Barr's take on the economic meltdown
www.fourwinds10.com

Sept. 15, 2008

The illusion is a shield, a curtain to hide the preparations being made off-stage from the spectators, to seal the fate of mankind. The stage hands know that one day the curtain will be lifted on their epic tragedy, revealing all that is now hidden. Our task is to expose the men behind the curtain before they can stage their final act.



It is time for Americans to grow-up and learn to think for themselves. All our lives we have had it so easy, with the ever-growing “nanny state” keeping us safe from the big bad world, making our decisions for us. This is the year of change. Nothing will ever be the same after this next election.



This is not saying that either of these two candidates will make a difference on anything important, it is simply a hard fact that “the powers that be” have decided that November 4, 2008 is to be a pivotal day in human history. After that day, the tyrants’ hands will be loosed from all restraining considerations, no political force will be able to deter the internationalists’ conspiracy from completing the global empire. The American people must be made to face this fact now, before the day of reckoning arrives.



With the passing of that fateful day, the “dogs of war” will truly be unleashed upon the innocent unprepared world. After the great game is decided, about whether our Nation shall be dominated by Republicans or “Republicans-lite” the real “shock and awe” will get underway. The outcome of this election will not change one thing, for Obama, like Clinton before him, is just another Republican “wannabe.” (Ask yourself: If Bush Sr. would have bombed more people than did Clinton, had he been elected?) Whoever wins in November, we will experience the national pain of a renewed draft, to feed our new war with another of Israel’s mortal enemies (probably all of Israel’s enemies at once).



Both candidates have more or less pledged to continue the failed military policies of Bush and Cheney and pretend that they are not lost causes. Neither of them will shut-down these old wars or the new military aggressions that the “nut jobs” plan to launch before inauguration day. Surely we will be at war with Iran by then, since both candidates and their vices have sworn allegiance at the feet of Israel. The Israel/Neocon alliance surely maintains control, as they openly push us towards nuclear war against Iran.



We are absolutely in a war escalation scenario with Pakistan right now, after Bush’s recent declaration of Pakistan as a third war theater (just like Iran and Afghanistan). One thing is for certain, the Pakistani Army has decided it is no longer Bush’s “bitch,” as evidenced by today’s four-hour firefight with American ground troops and the repelling of two US helicopter gun ships earlier in the day. Other news reports, that Pakistan’s Tehrik Taliban Pakistan (TTP) are CIA tools, and that these American allies are the target of Pakistan’s ongoing military campaign, tell us that America has a rather large fight on its hands if it escalates the war there. Both of America’s presidential candidates have pledged to export the Afghan war into Pakistan.



Neither party could survive without generating mountains of false hope. The voting minority has bought-in to the great false hopes championed by both political parties, an improved economy and an end to the war of terrorism, The candidates both promise to do the impossible, to repair the crumbling capitalist system and to “win” the war by escalating the force to irresistible levels, just like Nixon did in Cambodia. The greed of capitalism is consuming the system itself, and exponentially compounding human misery. The nature of the weapons in our arsenal and the level of force required to kill all those who resist our aggression guarantees that the war will not be “won” by any military means. The false hope that America’s tiny military force can conquer the entire world without destroying it, when it could not conquer either Iraq or Afghanistan, is only believable to the smallest of minds.



The “hope” offered by corporate-sponsored political parties is an illusion created within the people’s minds that somehow the same multinational corporations who have been busily raping this country of its vital industrial and economic resources for decades would, for some inexplicable reason, field candidates who are hostile to their degenerative corporate agenda.



The creation of a promissory illusion is the basis for all the brainwashing techniques employed in creating a scientific dictatorship in this country and over the entire planet. Once we believe the false promise, we set ourselves up to accept all the ensuing lies that support it. Getting people to believe in the lies that you offer them is the key to controlling them. If you can persuade them to go along with you, because you can allegedly see things that they cannot, like a better tomorrow than today, then they will docilely support the obvious evil that you do to bring them that better tomorrow.



The electoral farce is the epitome of this illusion-creating process. The psychologists and political scientists play on loyalties and human trust in their creation of political candidates who will fill party loyalists with false hope. The roots of the two-party system run through generations of families, workplaces and affiliations, binding unsuspecting sheeple with imaginary bonds of loyalty to lying politicians. Candidates with identical goals are portrayed as opposites, in order to catch naive unsuspecting souls from both sides of the fence in the same net. The illusion that either candidate will honestly represent the people, or work to save America or the world from the predatory forces that corrupt and bind us all, is a dangerous psychological poison that blinds the people to the truth, the only basis of real hope.



The sheeple embrace the illusion on a daily basis, making it effective auto-suggestion as they reinforce it repetitively within their own minds, like some hypnotic mantra. They eagerly embrace the corporate media messages, in hopes of someday pleasing their elitist masters enough to gain a seat at their right hand, earning a place alongside the corporate criminals who are gang-raping this planet. All believers in the constructed corporate fantasy world want, more than anything, to become part of that imaginary world.



There is no place for true morality in this illusory world, only a bastardized form of limited morality, that is designed to appease the miniscule aroused consciences of those who suffer twinges of their own humanity as they strangle the human race. The false hope that the massive catastrophic use of military force will tame this enraged planet is rationalized as a pseudo-morality, behind which the soldiers of the apocalypse can hide themselves from the enraged face of God. The illusion that mankind is like some great beast that can be tamed or “domesticated” by the judicious application of both punishment and rewards, thereby changing human nature itself, is the violent false hope that fuels the delusional dream-state.



One massive military setback or a series of smaller military setbacks will shatter this immoral worship of America’s awesome military machine and cause the disillusioned sheeple to awaken and to shake-off the binding illusion. It is our task to hasten that day of awakening by attacking the illusion, exposing the false hope, making room in their little cloistered minds so that the flooding light of true hope can shine through.



If we cannot reach the dreamers who live in the fantasy world constructed by the scientific dictatorship to comfort the disillusioned with delusional fantasies and escapism, then our only option is to shatter the world of fantasy. They hide the truth from the people. The cold truth that presently there is no hope is masked by false hope, offering more of the same disguised as something new.



“We are the change that we have been waiting for.” The way to bring this corrupt dictatorship down is simply by holding-up a mirror before them.



“I shall send them strong delusion, that they should believe a lie.”



peter.chamberlin@yahoo.com





therearenosunglasses.wordpress.com/2008/09/16/shatter-the-ill​usions-patriots-must-reject-the-two-party-system/
Anonymous Coward
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09/16/2008 02:50 AM
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Re: Libertarian Presidential Candidate Bob Barr's take on the economic meltdown
I'm voting Bob Barr, thank you mccain for waking me up during immigration. If it had not been your stance on creating citizens from citizens of your birthplace, I would not have believed the things I believe today.

Obama nor McCain have the right to be president, neither are native born and before you stance on immigration I would have NEVER UNDERSTOOD why the constitution says "NATIVE BORN" citizen. There is a reason.

I'm for Bob Barr because both the democrats and republicans have hurt this country. Bush Sr drafted NAFTA and Bill Clinton got it thru congress. They are in this together, the NWO. To make this come about we need to take the US down a notch or two don't we Pelosi. Is this why you fought impeachment even though Americans wanted it?

I mean really what could BUSH do in his remaining months in office? You cannot claim ignorance, stupidity but not ignorance. You are a traitor and have exposed the democrats for what they are. NO BETTER THAN A REPUBLICAN.

To think I started as a republican, thank you McCain for waking me up. I saved thousands of dollars in this campaign as I didn't give during this election. I WOKE UP INSTEAD, neither party deserves to be in power and should be placed on trial for treason.
Enigma

User ID: 70637
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10/17/2008 04:14 PM
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Re: Libertarian Presidential Candidate Bob Barr's take on the economic meltdown
I'm voting Bob Barr, thank you mccain for waking me up during immigration. If it had not been your stance on creating citizens from citizens of your birthplace, I would not have believed the things I believe today.

Obama nor McCain have the right to be president, neither are native born and before you stance on immigration I would have NEVER UNDERSTOOD why the constitution says "NATIVE BORN" citizen. There is a reason.

I'm for Bob Barr because both the democrats and republicans have hurt this country. Bush Sr drafted NAFTA and Bill Clinton got it thru congress. They are in this together, the NWO. To make this come about we need to take the US down a notch or two don't we Pelosi. Is this why you fought impeachment even though Americans wanted it?

I mean really what could BUSH do in his remaining months in office? You cannot claim ignorance, stupidity but not ignorance. You are a traitor and have exposed the democrats for what they are. NO BETTER THAN A REPUBLICAN.

To think I started as a republican, thank you McCain for waking me up. I saved thousands of dollars in this campaign as I didn't give during this election. I WOKE UP INSTEAD, neither party deserves to be in power and should be placed on trial for treason.
 Quoting: Anonymous Coward 422489



I'm votin' Barr as well...

but I am a card carrying Libertarian...
Enigma

User ID: 70637
United States
10/17/2008 04:14 PM
Report Abusive Post
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Re: Libertarian Presidential Candidate Bob Barr's take on the economic meltdown
I'm voting Bob Barr, thank you mccain for waking me up during immigration. If it had not been your stance on creating citizens from citizens of your birthplace, I would not have believed the things I believe today.

Obama nor McCain have the right to be president, neither are native born and before you stance on immigration I would have NEVER UNDERSTOOD why the constitution says "NATIVE BORN" citizen. There is a reason.

I'm for Bob Barr because both the democrats and republicans have hurt this country. Bush Sr drafted NAFTA and Bill Clinton got it thru congress. They are in this together, the NWO. To make this come about we need to take the US down a notch or two don't we Pelosi. Is this why you fought impeachment even though Americans wanted it?

I mean really what could BUSH do in his remaining months in office? You cannot claim ignorance, stupidity but not ignorance. You are a traitor and have exposed the democrats for what they are. NO BETTER THAN A REPUBLICAN.

To think I started as a republican, thank you McCain for waking me up. I saved thousands of dollars in this campaign as I didn't give during this election. I WOKE UP INSTEAD, neither party deserves to be in power and should be placed on trial for treason.
 Quoting: Anonymous Coward 422489



I'm votin' Barr as well...

but I am a card carrying Libertarian...

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