chas For President? (part 2)

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Next on the Platform, Bailouts, Buyouts & Bribes:  Of course, it is doubtful that the Framers would have thought their limited-government scheme would be exploited into a scheme to take money from the people to give it to private businesses.  But if one could find originalist support for that practice, I can think of few things that would be more against the views of the Founders than giving tax money to businesses that are failing.  How many of you would invest in a business that is losing money as a matter of course?

Or think of it this way, would you buy stock in AMTRAK?   Have they ever posted in the black?  Don’t bother to look it up; I can tell you the answer is no.  If you would not personally invest in that failing business, on what constitutional theory should those representing your interests do so?  And how utterly bizarre is it to have to bail out banks?  Should we have to deliver coal to Newcastle?  First off, that is where the money is, banks!  Why do they need bailing out?  And secondly, there are laws in place to prevent banks from bad investing on a stupid scale.  For the banks to have been handing out loans to people with no income, money, or other credit-worthiness has got to be dumb on the Kelvin Scale.  Should we then be even dumber by bridging over their affirmative dumbness by bailing them out with our own hard-earned money?

I know people are going to say, “but if we hadn’t….” !  If the Government hadn’t set in place the notion that we couldn’t let banks fail, they would have been more careful.  If we hadn’t enacted laws compelling banks to make bad loans, we would have never been in this position. Then too, if we hadn’t decided government should be regulating the private economic market in the first place, maybe none of this would have happened.  There is, of course, lots of noise about how some of the bank money will come back with interest.  Oh, Wait!  That was before Obama decided to spend that money also.

Then there is the issue of buying out GM.  I, as a taxpaying citizen, now own part of a car company, I own its stock.  Do you think I will ever see one red cent of “profit” from my coerced “investment”?  Some say the taxpayers had to prop up GM because it “was too big to fail.”  Strange, we let similarly gargantuan steel companies in this country fail without a whimper.

We pretend to be concerned about the unemployed?  How many steel workers lost their livelihood?  Why didn’t we bail the steel industry out?  Then too, the bottom line is that none of this public saving of private companies is even remotely authorized by the Constitution.  We have allowed businesses, major businesses, to rise and fall without the country collapsing.  Did that create setbacks in some sectors?  Certainly, it did, but the way our system works, when something fails, something else comes along to replace it: that is the way of freedom, and of its economic brother capitalism. Strength comes from the lessons learned from failure; if one is artificially protected from failure, lasting strength will never result.

What about the bribing of our legislative representatives?  And before you think “special interest groups,” what I am talking about goes on right inside the Capitol by fellow representatives.  Sure, a certain amount of “horse trading” goes on, and I see little wrong with one member of Congress going to another and saying “if you support this bill of mine, I will support that bill of yours.”  That’s not what I am concerned about. To think that we can run the country without some of that going on is truly naïve.

One member should not, however, be able to say to another “we are going to send you $300,000,000 to pay for pet projects and other things in your state if you vote for this.”  That is criminal bribery; that sounds in extortion and blackmail.  And they are thereby using MY tax dollars to break the law.  Don’t tell me it is, or should be deemed, business as usual, because if I offered the same sort of deal, I’d be going to jail in a heartbeat.  And so would you.

How many millions of dollars of your and my tax money is being funneled to other states to buy the vote of that state’s representatives?  Does that even remotely sound like how the Founders worked things out at the Constitutional Convention?

In dramatic contrast with what has become the practices among our so-called leaders, statesmanship involves people getting together with each other and finding compromise, without coercion, bribery, losing their souls, or flouting the premises underlying our founding.  It is not the majority jamming things down the throat of the minority, and not the minority blocking every bill along party lines, with the sad truth being that the one begets the other.  Such are the wages of having mere politicians being involved instead of true statesmen.  We need more of the latter, and none of the former.

How about public servant Pensions?  How many jobs do you know of in the private sector where, if you work for only a couple of years, you get a lifetime pension?  Free health care until 65?  Personal security for the rest of your life?  Such is the cushy life your taxes pay for if the job is “congressman.”

Thomas Jefferson often wrote of the burden of public service and of civic responsibility.  He really hated it, noting that he had no real desire to govern other people.  Yet, each time he was called, he responded, he stepped up to help the Republic, although he never actively sought out nor “ran” for office.  In the end, one of his only rewards was that Congress bought his library to replace the one burned by the British in the War of 1812.  Jefferson personally owned the largest library in the country.  I doubt that what he received was anywhere close to what it was truly worth.  And unlike many of our laughable “leaders” who have books sitting around solely as props and for talking points, Jefferson read, studied, and understood everything in his library.

Unlike many “leaders” now, who seek to pad their nests with the fruits of our coerced taxes, Jefferson’s many years of civic service cost him dearly.  It interfered with the otherwise smooth operations of his plantation, and he always ended up with fewer crops, and hence less profit, than he should have received had he not sacrificed to serve the Republic.  Because of his public service, he was always having money trouble; our “leaders,” in contrast, do whatever they can do to get fat from what they want to label their public “service.”  Yes, yes: other economic factors were involved with Jefferson, but doing his civic “duty,” as he labeled it and lived it, always ended up costing him money.

Carry those thoughts over to part 3, when we talk about what politicians receive today for serving.  Or “serving.”

more to come……

chas & Capmotion

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8 Responses to “chas For President? (part 2)”

  1. Frank C Says:

    Chas,
    Another fine piece from you and Cap…The NO DOC loans started it and Congress only need to look in the mirror for who is to blame for the failure of the banking system. The same is true for “PORK”. If a state wants a bridge over the Nowhere River, let them build it on their dimes. Congressional pensions should be like the military, 2.5% for every year of service and a top of 75% after 30 years. They should be capped at 24 years. For to many it is a lifetime job…not what the Founding Fathers intended.
    Frank
    ============================
    I was thinking it was more of a public service and as such an honor just to get to serve. That in itself should be payment enough. That’s why I wanted it capped at 12 years. No one can expect a ension for life after only 12 years.

    chas

  2. Gunshot Money Says:

    Nice to be visiting your blog again, it has been months for me. Well this article that i’ve been waited for so long. I need this article to complete my assignment in the college, and it has same topic with your article. Thanks, great share.
    ====================
    Stick around, there is a part 3 and 4 soon to be posted. Thanks for returning.

    chas

  3. Gini Says:

    I agree, but the president ‘sets the tone’, I think? HE is ‘the leader’ of this great country, so it is important to have ‘men’ of honor and character as ‘leader’, I think? You and Cap would qualify…I don’t see either of you being ‘taken’ by ‘the dark side’!!! ❓ ❗ ~chuckle~ Nope……

  4. Gini Says:

    Excellent Chas! and Cap…I am convinced your platform continues to be one I can stand by w/complete peace of mind. I would agree with it all! as we have watched it alllll unfold right in front of our eyes; in my case, for many yrs indeed. I await the next ‘section’ with anticipation. I continue to hope for ‘statesmen’ as apposed to ‘politicians’. Is there anyone who is actually willing to ‘serve’ w/o wealth & security being the end game? I wonder…………….
    =============================
    I know cap could. I’d like to think I could, but then again the WH only has the bully pulpit, Congress has the real power.

    chas

  5. Dan Fugate Says:

    Chas,

    You’re right on the money on a lot of your comments. It irks me that we send so much money to countries that don’t even like us. Obama ran, partly, on this point and here we are sending money to other countries while becoming indebted to China.

    Hip, hip, boo.

    Very good posts.
    ===========================
    Thank you Dan. There will be 2 more segments next week.

    chas

  6. Eileen Says:

    And way back in time—How about the shoe industry in Massachusetts?? Where was the money to help them out? Those factories remain empty and
    are an eyesore. A few are being converted to condos.
    =============================
    The answer is they didn’t hold the retirement funds for Congress, the banks did.

    chas

  7. Gwen Says:

    Wouldn’t it be nice if you could see money from the companies we have bailed out. I hope and I pray that every American realizes what this government is doing to us. I truly believe based on the Massachusetts election that people are coming out of their slumber and realizing that this man they have voted in is doing his best to bankrupt our Great Nation.

    I for one and so happy you are focused again LOL. I’ve really missed your posts.

    Great post Chas and Capmotion.

    gwen
    =================
    I am happy to be back and also glad I didn’t lose you as a reader. Part 3 is already in cap’s very capable hands and the final chapter is now under construction.

    Thanks for returning.

    chas

  8. Sterling Says:

    The amount of money that is in control of these wolves is staggering and sickening and is a direct threat to the freedom and liberty of every citizen, those born and those yet to be born. With that being said, the citizen is responsible for creating this monster by becoming careless with its vote, indifferent to the issues, and complacent of the character of the men and women they send to do their bidding in Washington, and at home in their own states and localities. The citizen has fallen asleep at the wheel of our Republic. We all own this. This is our Republic and if we are careless enough to let men who lack integrity rule us, we deserve to be ruled by such men. The good news, as I see it, is that the citizen is awakening, and men such as yourselves will lead the Republic back to the Constitution, and back to the sweet freedoms and liberties that are assured us all by our creator and written with such recognition in our founding documents. The road will not be easy, and it will surely be bloody, both in thought and in spirit, but it must lead once again to the independence of the individual from the tyrannies that seek to control us. It has to, lest we all fall to the wayside and leave our children with despotism and dictatorship.

    Thanks guys, for another thought-provoking entry.
    ================
    It was Franklin after the Constitutional Convention had finished when asked, “what have you given us?” said “A Republic, if you can keep it”.

    We have been for years in danger of the loss of that republic. So again we must ask ourselves “can we keep it”?

    chas

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