AMERICAN CONSERVATISM IN 2008 AND BEYOND

I joined A2K on March 8, 2004.

So tell me again about my probing questions about that process before it was enacted?

So when you said that TARP, which involved the government lending (not giving) money to banks, was an unconstitutional transfer of wealth, that wasn't quite right. Correct?

Excuse me, foxfyre that the 'sarcasm-button' didn't work on my computer.

Nevertheless it's good to know that you were against the war in Iraq.

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What do you think, are "unintended negative consequences of health insurance"?

From my own experiences and that of all persons I know, combined with the experience of older persons who experienced health insurance in the early 20th century, I would agree that costs went up, and we got less (like only three weeks cure after operations instead of four or six, no money for the funeral) but on the other hand a lot is paid what people didn't think of 10 years ago (acupuncture, alternative medicine to name two things).

I really wonder what 'your' negatives might be.

the constitution does not specify that people may fly. or that they have a right to invade my right to privacy by flying over my house. he must be stopped.

Why would you think that? The constitution says nothing about printing money.

So, if a bank is run by a former employee of the federal government then it is constitutional to loan that bank money?

What if some of the stockholders are veterans?

How does the printing of paper money "regulate" the value of specie? Paper money and specie have the same value. Paper money doesn't regulate the value of specie anymore than specie regulates the value of paper money.

DontTreadOnMe wrote:

the constitution does not specify that people may fly. or that they have a right to invade my right to privacy by flying over my house. he must be stopped.

The Constitution does not specify what people not employed by the federal government can do. ......

joefromchicago wrote:

Why would you think that? The constitution says nothing about printing money.

A distinction without a difference. Dollar bills are just rectangular dollar coins made of paper.

http://en.wikipedia.org/wiki/Federal_Reserve_System
The structure of the central banking system in the United States is unique compared to others' in the world, in that an entity outside of the central bank creates the currency, even though the central bank is in charge of monetary policy. This other entity is the United States Department of the Treasury. In most parts of the world, one central bank handles both monetary policy and the creation of currency.

http://www.archives.gov/exhibits/charters/constitution_transcript.html
Article I.
Section 1. All legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.
...
Section 8. The Congress shall have power
To lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;
...
To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
...

Ican wrote: "The Constitution does not specify what people not employed by the federal government can do. ......"

They say zero about what people not employed by the feds can do

Much of TARP is given to people and organizations that are not current or retired employees or contractors, and not organizations of the federal government. Those TARP gifts are "transfers of wealth."

While the loans in exchange for stock are not "transfers of wealth," the federal government has also not been granted the power by the Constitution to make such loans.

joefromchicago wrote:

Why would you think that? The constitution says nothing about printing money.

A distinction without a difference. Dollar bills are just rectangular dollar coins made of paper.

Ever since the gold standard was ended by Roosevelt, the use of paper money to regulate the value of coins, has broken down. The gold standard specified that each and every dollar of printed money had to be backed up by a specific weight of gold. Since that is no longer the case, I do not understand how the feds are regulating the value of coins with paper money, if the paper money is not backed up with specific weights of valuable metal. If the feds are not regulating the value of the feds coins with fed printed money, they are violating the Constitution.

I've not made up my mind whether the establishment of the Federal Reserve System outside the Treasury Department was constitutional or not.

Ron Paul Says Federal Reserve Is Unconstitutional
September 19, 2008

Rep. Ron Paul in an interview on Glenn Beck last night said that the Fed was never in the plan of the Founding Fathers who drafted the Constitution.

He said that in 1913 the Congress shirked their constitutional responsibilities concerning the nation’s money and handed it over to a private corporation in the form of a central banking system. The Federal Reserve System is not a part of our federal government, and there is no reserve of real money (gold and silver), and it is not constitutional.

These bankers have been given authority by the people’s representatives in Congress to print paper money, and now electronic money, out of nothing. There is nothing backing the money up. Check out Ron Paul speaking on these things here:
http://immortalityroad.wordpress.com/2008/09/19/ron-paul-says-that-federal-reserve-bank-is-unconstitutional/