Tuesday, September 30, 2008

Just Give Us Our Money Back

We'll fix this on our own, without greedy, manipulative politicians.

The ultimate example of opportunistic politics before good government was displayed in Washington over the past several days. Political operatives from both sides of the aisle did everything in their power to create a government-based solution to the financial crisis facing our country; a government-created problem. In the end the US House of Representatives voted down the highly contentious Wall Street bailout bill mostly due to the fact that we are within the 30-day window when voters do not forget actions taken by their elected officials. If only the public's attention were always so focused.
In the end 90 House Democrats joined with 133 House Republicans in an effort to stop a measure that would have seen the biggest expansion of government in US history. In effect, it would have placed the coyote in charge of the hen house.
Many in our citizenry viewed the now-dead proposal as a "no fault" measure that would have allowed those responsible for this financial malfeasance to escape culpability and with good reason. Watching US Rep. Barney Frank (D-MA) and US Sen. Chris Dodd (D-CT) - along with their leadership, Nancy Pelosi (D-CA) and Harry Reid (D-NV) and Senior Senator from New York, Charles Schumer - harangue about how Democrats were taking the lead in crafting "bi-partisan" legislation to "rescue" the average American from the evils of Wall Street was the ultimate exercise in political hypocrisy.
Frank and Dodd, both chairmen of their respective committees that over see the financial community on matters directly related to this crisis and the malfeasance that brought us to this point, were derelict in their duties not only as chairmen charged with oversight, but in their duties to their respective constituencies in that they were not providing good government.
Without doubt, Frank and Dodd should resign from their chairmanships immediately and without question. If the GOP had been in control of Congress at this point in time Democrats would have been screaming for the chairmen's resignation not only from their chairmanships but from Congress. So, let's exact some "what's good for the goose" here.

Our elected officials - our US Representatives, US Senators and the White House - must understand we the taxpayers - We the People - have had enough and are exercising our constitutionally mandated right to provide oversight to our elected officials. To do that we must make our voices heard.
Just as We the People stopped the sham of an immigration bill we can apply enough pressure on our elected officials to bring them to craft a piece of legislation that affords taxpayer monies to the taxpayers so that they can lift themselves out of this financial crisis by paying their own bills. Approaching the existing crisis in this manner would:
▪ Make available liquid assets to the banks and financial institutions currently strapped for cash because of the "bad paper" they hold.
▪ Eliminate the immediate threat of foreclosure to those who were afforded loans they couldn't afford.
▪ Eliminate any need for a massive expansion of federal government, thus reducing the proposal for a greater "governmental footprint" in our private lives.
▪ Allows taxpayers to use their own money to rectify private sector matters without governmental interference.
The solution for this "crisis" rests with the people, not the government; government will be responsible for repealing Bill Clinton's National Homeownership Initiative and eliminating Jimmy Carter's Community Reinvestment Act, and disciplining US Rep. Barney Frank and Sen. Chris Dodd for their dereliction of duty with regard to their obligation to provide congressional oversight.
In the beginning, when our Framers and Founders created the incredible documents that are The Charters of Freedom - the Declaration of Independence, the US Constitution and the Bill of Rights - they understood that government was to be executed from the local to the federal; they maintained that because we had a citizen government, created to serve the people rather than to lord over the people, that the power needed to rest with the people.
Ladies and Gentlemen, it is time to exercise our constitutional duties of civic responsibility. Let's tell government to give us our own money back so we can fix the mess they have created. It is time to put good government before opportunistic blame-game politics. Anything else would be to ignore the will of the people.

FamilySecurityMatters.org Contributing Editor Frank Salvato is the managing editor for The New Media Journal. He serves at the Executive Director of the Basics Project, a non-profit, non-partisan, 501(C)(3) research and education initiative.
Feedback: editorialdirector@familysecuritymatters.org.
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