$700 Billion Dollar Bailout – Is it Constitutional?
Posted on 29. Sep, 2008 by Editor in Finance, Hot Topics
We the Government, in Order to secure our ass_ets, establish this bailout!
Bailout, bailout, bailout! That seems to be the battle cry in Washington these days according to leading news stories across the nation. But what is it that is not being said?
America was founded on the principle of “We the People, in Order to form a more perfect Union, establish Justice, ensure domestic Tranquility, provide for the common defence…” It was written to limit the power of government interference in the lives of people and to give the people the right and ability to choose for themselves provided they do not infringe upon the life, liberty or property of anyone else.
The founders of the Constitution were wise young men who had been through perilous times and seen first hand the excesses of power and corrupt government usurping control over a free people. They saw how government was stealing land away from the people, over taxing them, infringing upon personal liberties by forcing homeowners to house solders so the government could better keep tabs on the individual lives of people. They saw abuse after abuse – so is it any wonder that they would write protections in the Constitution to keep these things from happening again?
Thomas Jefferson, one of the founding fathers, writer of the Declaration of Independence, and one of the framers of our Constitution wrote this about government:
A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned – this is the sum of good government. — Thomas Jefferson
Does this sound like something that our government is doing with this bailout? How can it be when they are planning to use hard working tax payers dollars to pay for someone else’s failure.
Or how about this quote from Thomas Jefferson about financial institutions:
Banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale. — Thomas Jefferson to John Taylor, 1816. ME 15:23
How about this one:
My reading of history convinces me that most bad government results from too much government. — Thomas Jefferson
Is it too much government when the government is getting involved in ownership in businesses, financial institutions, stock market or any other business related matter outside the realm of the Constitution?
To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical.
To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical — Thomas Jefferson
If more of the American people would read the writings of our founding fathers they would have a better understanding of what their intent was when they founded this nation rather than what other people try to tell us what their intent was. It seems that Thomas Jefferson was a very outspoken man with very strong opinions about too much government involvement in the affairs of free men. He was also very outspoken about private financial institutions and believed that they would destroy the fabric of our nation. Hmm! How can this be. And now our government is wanting to bailout private financial institutions for bad financial practices and the average citizen is supposed to be happy about it?
This nation was founded on strong principles in the people of this nation and not the financial institutions. If their be hardships, let them come – maybe a cleansing is in order to bring back fair and just business practices. And maybe an eye opener is what is needed for the people to united. But unite in crisis they will – and by the power of God they will prevail and continue forward. Perhaps a little more humble, but certainly a lot more compassionate.
Perhaps this small financial setback will awaken the people once again to shine to the people of the world to do what is right regardless of the consequences. Sometimes we can not take the easiest way out – we will be known as the people who learn from mistakes and rise above them united – that is why we are called: “The United States of America” and not just “The States of America”.
