The legitimate object of government, is to do for a community of people whatever they need to have done, but cannot do at all, or cannot do so well for themselves, in their separate and individual capacities.(p.80)
When Congress met early in December, the perplexed and venerable Buchanan, fearful of secession but still sympathetic toward his Southern friends and the Southern point of view, asserted in his annual message that while a state could not lawfully secede, neither could the Federal government coerce it. He proposed to quiet Southern fears by calling a constitutional convention to frame amendments guaranteeing slavery in the states and territories, and assuring the recovery of runaway slaves.(p.228)
Their at it again!
My fellow Americans, let me put a bug in your ear. The president and his groupies are at again; this time its financial reform. Now to be sure this is one more "ball-of-wax." I did find the text of the bill on line. Here's the link
http://banking.senate.gov/public/_files/AYO09D44_xml.pdf
I began trying to read this mess; but I did find out that the government will be tracking your every transaction. No more private bets or deals with friends and associates, especially if they involve the bank. The president is working to take away yours and my personal rights. He thinks we don't have sense enought to tie our own shoes; Mr. president you don't want me to interrupt. I not just going away, I here for the long hall!
My good people, I went poking-around on the internet. Oh, the same internet that they want to take control of. Not if I cvan do anything! But, back to the subject. Check out this statement by the president, I found at
http://www.georgewashington2.blogspot.com/2010/04/has-obama-even-read-fi...
Has Obama Even READ The Financial Reform Bill?
President Obama said today:
The reform that both parties have been working on for a year would prevent a crisis like this from happening again ...
Is that true?
Well, the chief sponsor of the bill Obama supports - Chris Dodd - said:
This legislation will not stop the next crisis from coming.
Breaking up the big banks, appointing real regulators, decreasing leverage, separating traditional banking from speculation, and reining in derivatives will stop the next crisis from coming.
The proposed financial reform legislation won't.
