Date: Mon, 24 Aug 2009 08:56:51 -0700 From: [email protected] Subject: Re: [CCCC-USA] Larry Flint The American government taken over by Wall Street ------>> To: [email protected] bad news...according the WORDS in the Document known as the Constitution of these United States of America, the President CANNOT propose legislation. Now, before you jump on the "beat the beadweaver with a stick" bandwagon, allow me to state that i understand that MOST recent Presidents HAVE proposed legislation. I do not agree with that happening, but i DO recognize that it has. All i am saying is that LEGALLY (the Constitution IS the LAW of the land), he cannot. That is the job of the Congress. In truth, IF the Congress were to grow some gonads, our President would be a relatively WEAK position that NO ONE would want. And it was set up that way INTENTIONALLY. We need to get our Representatives to actually follow THEIR oaths also. They take one similar to the President's in that they swear to DEFEND the Constitution also. --- On Sat, 8/22/09, [email protected] <[email protected]> wrote: From: [email protected] <[email protected]> Subject: [CCCC-USA] Larry Flint The American government taken over by Wall Street ------>> To: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected], [email protected] Date: Saturday, August 22, 2009, 10:04 AM Larry Flint The American government taken over by Wall Street ------>> Larry Flynt Publisher of Hustler magazine and free speech advocate Posted: August 20, 2009 08:15 PM Larry Flynt: Common Sense 2009 Address:http://www.huffingt onpost.com/ larry-flynt/ common-sense- 2009_b_264706. html Changed:12:32 PM on Saturday, August 22, 2009 BIO Become a Fan Get Email Alerts Bloggers' Index Common Sense 2009 digg Huffpost - stumble reddit del.ico.us Read More: Financial Bailout, Glass-Steagall Act, Goldman Sachs, Matt Taibbi, National Strike, Obama Financial Bailout, Shays’ Rebellion, Politics News Sha Print Comments The American government -- which we once called our government -- has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group of powerful elites, the people President Franklin D. Roosevelt called "economic royalists," who choose our elected officials -- indeed, our very form of government. Both Democrats and Republicans dance to the tune of their corporate masters. In America, corporations do not control the government. In America, corporations are the government. This was never more obvious than with the Wall Street bailout, whereby the very corporations that caused the collapse of our economy were rewarded with taxpayer dollars. So arrogant, so smug were they that, without a moment's hesitation, they took our money -- yours and mine -- to pay their executives multimillion- dollar bonuses, something they continue doing to this very day. They have no shame. They don't care what you and I think about them. Henry Kissinger refers to us as "useless eaters." But, you say, we have elected a candidate of change. To which I respond: Do these words of President Obama sound like change? "A culture of irresponsibility took root, from Wall Street to Washington to Main Street." There it is. Right there. We are Main Street. We must, according to our president, share the blame. He went on to say: "And a regulatory regime basically crafted in the wake of a 20th-century economic crisis -- the Great Depression -- was overwhelmed by the speed, scope and sophistication of a 21st-century global economy." This is nonsense. The reason Wall Street was able to game the system the way it did -- knowing that they would become rich at the expense of the American people (oh, yes, they most certainly knew that) -- was because the financial elite had bribed our legislators to roll back the protections enacted after the Stock Market Crash of 1929. Congress gutted the Glass-Steagall Act, which separated commercial lending banks from investment banks, and passed the Commodity Futures Modernization Act, which allowed for self-regulation with no oversight. The Securities and Exchange Commission subsequently revised its rules to allow for even less oversight -- and we've all seen how well that worked out. To date, no serious legislation has been offered by the Obama administration to correct these problems. Instead, Obama wants to increase the oversight power of the Federal Reserve. Never mind that it already had significant oversight power before our most recent economic meltdown, yet failed to take action. Never mind that the Fed is not a government agency but a cartel of private bankers that cannot be held accountable by Washington. Whatever the Fed does with these supposed new oversight powers will be behind closed doors. Obama's failure to act sends one message loud and clear: He cannot stand up to the powerful Wall Street interests that supplied the bulk of his campaign money for the 2008 election. Nor, for that matter, can Congress, for much the same reason. Consider what multibillionaire banker David Rockefeller wrote in his 2002 memoirs: "Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure -- one world, if you will. If that's the charge, I stand guilty, and I am proud of it." Read Rockefeller' s words again. He actually admits to working against the "best interests of the United States." Need more? Here's what Rockefeller said in 1994 at a U.N. dinner: "We are on the verge of a global transformation. All we need is the right major crisis, and the nations will accept the New World Order." They're gaming us. Our country has been stolen from us. Journalist Matt Taibbi, writing in Rolling Stone, notes that esteemed economist John Kenneth Galbraith laid the 1929 crash at the feet of banking giant Goldman Sachs. Taibbi goes on to say that Goldman Sachs has been behind every other economic downturn as well, including the most recent one. As if that wasn't enough, Goldman Sachs even had a hand in pushing gas prices up to $4 a gallon. The problem with bankers is longstanding. Here's what one of our Founding Fathers, Thomas Jefferson, had to say about them: "If the American people ever allow private banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their father's conquered." We all know that the first American Revolution officially began in 1776, with the Declaration of Independence. Less well known is that the single strongest motivating factor for revolution was the colonists' attempt to free themselves from the Bank of England. But how many of you know about the second revolution, referred to by historians as Shays' Rebellion? It took place in 1786-87, and once again the banks were the cause. This time they were putting the screws to America's farmers. Daniel Shays was a farmer in western Massachusetts. Like many other farmers of the day, he was being driven into bankruptcy by the banks' predatory lending practices. (Sound familiar?) Rallying other farmers to his side, Shays led his rebels in an attack on the courts and the local armory. The rebellion itself failed, but a message had been sent: The bankers (and the politicians who supported them) ultimately backed off. As Thomas Jefferson famously quipped in regard to the insurrection: "A little rebellion now and then is a good thing. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Perhaps it's time to consider that option once again. I'm calling for a national strike, one designed to close the country down for a day. The intent? Real campaign-finance reform and strong restrictions on lobbying. Because nothing will change until we take corporate money out of politics. Nothing will improve until our politicians are once again answerable to their constituents, not the rich and powerful. Let's set a date. No one goes to work. No one buys anything. And if that isn't effective -- if the politicians ignore us -- we do it again. And again. And again. The real war is not between the left and the right. It is between the average American and the ruling class. If we come together on this single issue, everything else will resolve itself. It's time we took back our government from those who would make us their slaves. Goldman Sachs The American government -- which we once called our government -- has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group ... The American government -- which we once called our government -- has been taken over by Wall Street, the mega-corporations and the super-rich. They are the ones who decide our fate. It is this group ... Related News On Huffington Post: UBS To Divulge 4,450 Account Names, More Expected WASHINGTON — The U.S. pulled back the veil on Switzerland' s famed tradition of banking secrecy Wednesday, winning an agreement for banking giant UBS AG to... Kenneth Rogoff: Opinion: Why We Need To Regulate Banks Sooner, Not Later When in doubt, bail it out," is the policy mantra 11 months after the September 2008 collapse of Lehman Brothers. With the global economy tentatively. .. New Jobless Claims Rise Unexpectedly To 576K WASHINGTON -- The number of first-time claims for unemployment benefits rose unexpectedly for the second straight week, a sign that jobs remain scarce even as... Washington Post Profile Describes The Economic Misery Of Well-Off People Have you heard about this nationwide economic crisis we're facing? Yeah, a lot of people are hurting out there. But riddle me this: does any... Not Your Father's Recovery: Signs Point To Weak Economic Rebound Washington Post: The wounded U.S. economy has shown signs of improvement in recent weeks. But many economists, who were caught off guard by the brutality... Letters From The Jobless: "I'm Not Exactly Sure Where I Went Wrong" People send me e-mails every day in response to items I've written about unemployment that ask for readers' stories. It's a simple thing: people are... Economic Reform Only Seems To Come Through Crises: Fareed Zakaria We've seen in recent weeks the twin personalities of the U.S. government. One is impressive, the other deeply worrying. First, the good news: We have... Related Blogs On Huffington Post: Anis Shivani: Is Now the Right Time for Immigration Reform? Chuck Schumer, the Sensenbrenner in Liberal's Clothes The Schumer mandate for the undocumented to register within a short period of time, or else be permanently barred from becoming U.S. residents, is a prime example of the law run amok. Marilyn Barrett: UBS Deals Cause Switzerland To Back Down on Bank Secrecy While we Americans are rightfully angry with our banks, the Swiss must be furious with UBS for the havoc it has wrecked on their famous banking industry, which relied on secrecy for much of its success. Danny Schechter: Searching for the Crisis and Finding It Out in the street, you notice fewer cabs and town cars. There are retail vacancies on every block. Stores are discounting everything. When JC Penny opened in Midtown, 15,000 people applied for 500 jobs. Neil McCarthy: The Dog Days of August In this potential summer of his discontent, Obama is running into the same buzz saw that killed health care reform in the last Democratic Administration. Mike Lux: The Big Banks: How Low Will They Go? Regulate them, prosecute them, and break them up are the only answers to keep big banks, those amoral leeches, from bringing our fragile economy down again. Nancy Cleeland: Obama's Smart Move On Big Banks The Obama administration' s proposal to fund a consumer financial protection agency with fees charged to big banks is smart and worthy of praise for a number of reasons. Hale "Bonddad" Stewart: Tax Fraud, Tax Havens, UBS and Bears ... Oh My! The US government has come to an agreement with UBS regarding a long-running tax fraud investigation. This has been a fascinating case to watch for several reasons that I will explain. Kathleen Slattery-Moschkau: I Am a Business Owner, and I Fully Support a Public Health Option I am not an expert on health care reform. But I am an individual who is sick and tired of having one industry have so much control over my personal and business life. Sandy Maisel: Reclaiming Control of the Health Care Debate The Obama administration needs to recall why he appealed to so many people early in the presidential campaign. Georges Ugeux: United States of America vs. UBS: A Step Too Far? There is no winner when fundamental rule of law and customer loyalty are not respected. This will have major ramifications outside of Switzerland and the United States. Jane Devin: A Leap of Faith in a Faithless Time I came to one of those proverbial forks in the road. I could stay in Minnesota with an old truck and limited opportunities or I could take my old truck on the road and invent new opportunities along the way. Russ Baker: UBS or Just Plain BS? The Justice Department has just floated a trial balloon to see if it can force the Swiss Bank UBS to disclose the names of 52,000 rich Americans suspected of using the bank to evade US taxes. Robert Scheer: UBS Money Laundering: What Did Phil Gramm Know? Given the widespread involvement of UBS in what the Justice Department alleges were efforts to violate U.S. tax laws, it must be asked: Did Gramm have no inkling about what was going on? John Geyman: Fiscal Conservatism and Health Care Reform: a Bipartisan No-Brainer? Why this incredible disconnect among our elected representatives shaping the future of one-sixth of our economy and future health care of all 310 million of us? Sheldon Filger: Government Health Insurance? What About Public Auto Insurance Ideology and propaganda will squash any consideration of a well-executed public insurance option in America, no matter how compelling the case may be. Krisztina Holly: It's Not the Economy, Stupid Unemployment numbers only tell part of the story, and they do not offer a solution for relieving the economic chaos. Instead, let's turn to the 140 million people who have jobs, and find practical ways to inspire them in their work, so we can empower them to innovate us out of a mess. John David Lewis: Imagine a 'Right' to Car Insurance The primary cause of medical price increases is the government coercions. 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