As we are all now aware, the $700-billion bailout has become the law of the land. A lot of people are, understandably, upset about this and are pointing out the flaws of this legislation: that it is, ultimately, unfunded; that it rewards failure and penalizes success; and that it represents an increase in government's control over the economy unseen since the Great Depression.

All valid arguments, of course - and totally irrelevant: Such critiques miss the crucial point completely.

Mount Weather "All men having power ought to be mistrusted." - James Madison

America's next president will inherit more than a financial catastrophe when he assumes office. He will also inherit a shadow government - one that is fully staffed by unelected officials, fully operational, and ready to take over the running of the country at a moment's notice.

Every four years about this time, news stories start to appear about the Electoral College, the constitutionally established system we use to elect the president of the United States. Invariably, pundits use this season to lambast and ignore the important role the Electoral College plays in preserving our republic. Recently the attacks have gotten worse, and they have even convinced four states (Maryland, New Jersey, Illinois, and Hawaii) to enact legislation to do away with the Electoral College. Nationally, U.S Senator Bill Nelson (D-Florida) has introduced legislation to abolish it.

But before we discard the Electoral College, we need to understand its importance. As President Lyndon Johnson said of the Electoral College, "Our present system of computing and awarding electoral votes by states is an essential counterpart of our federal system and the provisions of our Constitution, which recognize and maintain our nation as a union of states."

(Editor's note: Republican Scott County attorney candidate Hugh Pries outlined his positions in the July 9, 2008, issue of the River Cities' Reader. Democratic candidate Mike Walton was given an opportunity to do the same.)

 

Mike Walton Thank you for allowing me to address your readers as the current Scott County attorney and the Democratic candidate for county attorney in the election this November 4.

It's no secret that Governor Rod Blagojevich is probably the most unpopular Illinois governor in living memory.

The entrenched politicians and special-interest groups who oppose a state constitutional convention are rightly worried that the public's mistrust, even hatred, of this governor will skew November's vote. Every 20 years, voters are given the right to call a constitutional convention, and the next opportunity is November 4. Opponents fret that Illinoisans may decide to make the constitutional convention vote a referendum on Rod Blagojevich. If that happens, they say, illogic and emotion will prevail, and terrible consequences could follow.

Ridiculous.

The truth is that Rod Blagojevich is a walking, talking poster child for a constitutional convention.

For the bailout bill, public opinion is running anywhere from 100 to 1 to 300 to 1 or more against passing this bill, according to sources on Capitol Hill. Given the massive size of this package, the fact that it rewards the guilty on Wall Street and does nothing to address the cause, that anger is fully justified.

Last week, I discussed the manner in which the federal government of the United States has taken over our economy, manipulated our money and credit, and turned our once-free nation into a second-class "welfare" state headed towards authoritarian dictatorship - and how our two major-party political candidates, McCain and Obama, are powerless to stop this advance due to the fact that they helped create it.

Are you mad as hell? You need to be; any citizen left in this country who doesn't have the soul of a slave ought to be screaming bloody murder.

Make no mistake, the $700-billion request from the Bush administration including Treasury Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke, is very much a bailout of Wall Street first and foremost. The tactics used here are familiar ones. Create shock and fear, and amplify it by fast-tracking legislative action. Create a profound sense of urgency, coupled with vague but absolute solutions with no time for verification or alternatives. Threaten the core security of every citizen to justify, and obtain approval for, the transfer of power being sought. In this case, the request is an unprecedented transfer of power to the U.S. treasurer's office, with virtually no oversight, regulatory control, or checks and balances of any kind.

seal of the state of Illinois The polling results I've seen from both sides of the debate say a plurality of you will vote for a state constitutional convention this November.

The numbers still aren't there yet. The question on the fall ballot must either be supported by 60 percent of those who vote on the issue, or by at least half of all those voting in the election itself. Still, it's getting there.

I'm one of those who supports a constitutional convention. And after 18 years of covering Illinois politics, I am not only convinced that a convention is necessary; I also believe I have a duty to tell you why.

Ayn Rand For decades, writers such as Friedrich Hayek , Ludwig von Mises , and Ayn Rand have been warning us that the mixed-economy "welfare" state is not a third alternative between capitalism and collectivism but is, instead, an explosive and unstable mixture that must, by the logic of the principles involved, become one or the other.

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