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Senator Coleman: Time for Statesmanship, Not Gamesmanship in Addressing Financial Crisis
St. Paul -- Senator Norm Coleman made the following statement regarding the need to remain in Washington until Congress reaches a bipartisan agreement on addressing the financial crisis.
“Our nation is facing historic challenges, and now is the time for action. Those of us who were sent to Washington to serve our nation’s best interests must now put partisan labels aside and engage in statesmanship, not political gamesmanship. John McCain and Barack Obama are absolutely correct that Congress must remain in Washington, and find a consensus solution to restore faith in our economy and financial future. These are difficult times, and ones that require those of us in Washington to maintain our focus and priority on working across party lines to get this fixed, and get it fixed right. We have no second chances. I will not leave Washington until we get this fixed in a way that ensures no bailouts for corporate executives, no blank checks and no golden parachutes. Now is the time for us to act as Americans – not as Democrats or Republicans.”
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PhD
Why go after scapegoat corporate execs when the real culprits are the FED, Bernake, and Paulsen. This fiasco has been predicted years ago by world class economists (particularly by the Austrian School of Economics). Both parties are equally guilty in bringing this about. To now shift the blame onto corporate execs indicates you buy into the economic marxist fable the democrats are pushing; that it's really the mean selfish wallstreet tycons that brought this about. This is sheer nonsense and a lie. It's the reckless monetary policy of the FED and Bernake. There is only one Republican that forecast these current events accurately and that's Ron Paul, who thanks to the goon Ron Carey, was suppressed even at out State Convention. If you want to actually help solve this problem in a meanful and courageous way I offer the following suggestions:1. If this package is forced down our throats as taxpayers, I demand Collateral! Every working slob knows that when he asks for a high risk unsecured loan almost any reputable lender (except gov.) reauires colleteral. If the tax payer is asked to provide the Leviathan a unsecured high risk loan without even a substantial risk premium than the Gov. must put up collateral. Suggest selling or auctioning off hard gov. assets such as land, roads,monuments, bridges, infrastructure, NIH, FDA, Government Labs, Camp David, Libraries, Museums, etc. or at least the US GOLD RESERVE.
2. Ignore and immediately dismiss the clueless Supply Side Keynesian pin heads advising Bush and McCain and replace with World Class Austrian economists from the Ludwig von Mises Institute in Auburn Al.
3. Adamantly oppose the bailout!
By: Peter R. Zidek