I went to the debate last night in West Hartford to hear John Larson and Joe Visconti debate (CT 1st Congressional district).
First off - shame on the League of Women Voters for excluding Green Party Candidate Stephen Fournier. I am not a Green party supporter, but every voice should be heard in the election process. The LWV has really become a farce when it comes to promoting Democracy. Their founders must be spinning in their graves.
Second - I got to "talk" to Congressman Larson after the debate, and all he had to say about this bailout situation was that it was everyone else's mistake. He was quick to blame the mess on the Republicans and the Bush administration. Meanwhile, he takes no part of the blame of this financial crisis upon himself and his buddies Chris "sweetheart mortgage deal" Dodd, and Barney Frank, who should have been keeping an eye on things. He said that since the Democrats have only been in power the past 18-20 months that they couldn't do much; that the problems had already been in place. (And where was he in the meantime before that?) He claims that he couldn't look at himself in the mirror if he hadn't bailed out Wall Street because it would have meant mass unemployment and frozen credit markets. Well, I have news for Congressman Larson, I don't know how he can look himself in the mirror by giving such sweeping authority and power to the Treasury Secretary who is now unaccountable for the way he will be handling this bailout money - furthermore this bailout bill was unconstitutional and Congressman Larson doesn't even know which part of the Constitution was violated!!... He asked me what part of the Constitution was violated... How about this for starters John:
There is no provision of the Constitution that permits or grants the Government of the United States of America the power to participate in commerce by giving or lending public funds and credit to a private party - even if such transaction results in an exchange for warrants, financial interest, and/or control of the private party, especially if such transaction is for a decidedly , definitively, private purpose.Imagine that - a Congressman who doesn't understand the document that he took an oath to uphold. He probably didn't even read the bill he passed, except for the pork parts.
Use of public taxpayer funds to prevent a corporate failure or to promote “Financial market stability” and /or “Stabilizing the credit markets” is a usurpation of the power of We the People; neither is an enumerated power.
Under Article I, Section 8 of the Constitution of the United States of America, the People have given Congress the power, “To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes,”
Article I, Section 8 of the Constitution of the United States of America gives Congress the power to regulate commerce, not to participate in commerce, or to create markets or set market prices, as a giver or lender of public money and credit to private, for-profit entities.
I told him I would not vote for anyone who voted for this bailout - including him, and that Dodd and Frank ought to be in jail. I hope all these guys get booted out of office. They are a disgrace to their office, and by their legislation even as far back as Clinton's time have perpetrated this financial mess. But what is worse is that they finger point and blame it on everyone else, leaving themselves conveniently out of the equation. Now they are calling for more regulation and more bailout money. Where was Larson and company when Freddie and Fannie needed to be regulated? Oh yeah, off in Iowa stumping for Dodd's bid for the presidency. Shame on them all!
Meanwhile, Larson has plans to spend even more taxpayer money: More bailouts and more social programs. Sorry John, we are broke.
Here is something for all to consider: