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.
Ron
Paul, the 10-term Republican congressman from Texas, is running for
president, and his candidacy warrants much more exposure than the
mainstream media has afforded the voting public. Dr. Paul, an OB/GYN
and former Air Force flight surgeon, has a sterling conservative,
limited-government voting record over 20 years. The Wall
Street Journal wrote last
week, "As the GOP front-runners address crowds of dispirited
primary voters, Mr. Paul has been tearing across the country, leaving
a trail of passionate devotees in his wake."
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