An Austerity Message For Wall Street Republicrats

Guest post from contributor Wil Martindale who blogs at:

• Let Them Fail

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Republicrats - Do they get it?

It is disappointing to see any group, or any political party, or any individual, attempting to rally around fiscal austerity as the “good medicine” fit for the masses, after bailing out the ruling elite.  Sorry G-holes, the time to have this little “birds-and-bees” austerity talk was in September of 2008.

That’s when Lloyd, and Jamie and Kenny, and little Vikram could all have taken their big spoonful of sugar and austerity with playmate Dickie Fuld, and little Joey Cassano could fold up his lemonade stand and they could all have a big austerity “counter party” with their bailout playmates in Europe, and all the little stockholders too!

Instead, it appears the Republican party is hijacking the Tea Party’s “fiscal conservatism” and running with the “virtues of fiscal austerity” instead of pursuing the rule of law. 

They should be careful not to mistake the seriousness of the bailout rejection, and the people’s resolve not to just get over it, and move on.  I think the Daily Bail said it best:

The American people are willing to sacrifice as part of a shared effort at righting our budgetary path, but they are not prepared to be sacrificial lambs led to the ‘benefits and promises slaughterhouse’ while the Wall Street Banker Pigs gorge on trillions in stealth FED and FDIC bailouts, ZIRP giveaways and a record $144 billion in bonuses – an amount equivalent to the 49th largest GDP in the world…

I couldn’t agree more.  Let’s see John Boehner pursue the deconstruction of the Wall Street bailout with the same vigor he intends to pursue the deconstruction of Obamacare.  That’ll be the day!

And I would like to add that working class Americans, including most Tea Party Patriots, have already made significant sacrifices, all their lives, though they seldom get ahead–because they are continually being extorted by the debt peddlers and their government lackeys at the local, state and Federal level.

Property taxes in Leon County, FL have increased over 30% this year, even as property values have plunged.  Vehicle registration is 35% higher in Florida this year.  Utility rates just went up again with the Federal Southeast Power Administration’s 82% cost increase to Talquin Electric.  Gas is $2.85 a gallon and rising.  All according to the predictions made when we first voiced our STRONG rejection of the TARP bailout, and all owing to it.

Meanwhile, Bernanke’s worried about deflation?  Within weeks, his hot money flight to raw commodities will be hitting grocery store prices that pinch the working class, but which hardly matter to the Astor class–their war chests overflowing with bailout freebies, tax loopholes and other “favors” to gorge upon long after fixed income seniors lick dry their last can of cat food.

These fools can’t put their heads together long enough to prevent an automatic federal tax increase in the next 90 days, but we have the federal “austerity playbill” from Bowles, ready for review.  The Republican party is obviously going to need a hand written agenda from the people, to carry forward the mandate they presume to represent. 

So here it is...

1)  STOP THE TREASONOUS, BANKRUPT FEDERAL RESERVE IMMEDIATELY.  PUT IT INTO RECEIVERSHIP UNTIL CONGRESS CAN LEGALLY RESTORE ITS CONSTITUTIONAL CHARTER TO MANAGE THE MONEY SUPPLY AND INTEREST RATE.

2)  FREEZE ALL DERIVATIVE CONTRACTS.  RESTORE GLASS STEAGALL.  THERE WILL BE NO INTEREST RATE BASED SYSTEMIC COLLAPSE TRIGGERED BY REASONABLE ACTS OF CONGRESS TO IMPOSE FISCAL DSICIPLINE.

3)  PROSECUTE ALL WHITE COLLAR CRIMINALS WHO ENGAGED IN FINANCIAL FRAUD.  RESTORE THE ORIGINAL FASB ACCOUNTING STANDARDS.  BANKRUPT INSOLVENT BANKS.  REFUND ALL BAILOUTS. CLAWBACK ALL BONUSES DERIVED FROM FRAUDULENT ACCOUNTING.

IN ESSENCE, YOUR JOB IS TO REVERSE ALL THE OUTRAGEOUS IMMORAL CRAP AND PROSECUTE THE CRIMINAL SWINDLES WE'VE BEEN SCREAMING ABOUT FOR TWO YEARS.

Only after you’ve done that will the American people agree to discuss how the spending is to be stopped, before the social safeguards that the middle class has worked for, sacrificed for and PAID INTO all their lives is diverted into another Goddamned bailout.

Make no mistake, by FISCAL CONSERVATISM, We The People of the Tea Party and related Constitutionalist and Sovereignist movements, REJECT the white collar criminal economy being protected by the government elites.  We refuse to honor your bailouts, or their swindles.

Get it right Republicrats, or the People will march into Washington and do your jobs for you. We’ve done it before, and our history books (the ones you haven’t burned yet) clearly lead the way.

You don’t want to stand in the way of the people’s justice, and you SURE AS HELL don’t want to stand trial in the people’s court.

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From the Let Them Fail archives:

• Bernanke and The Character Of Our Currency

• Stately Behavior: The Only Recourse for Poor Judgement

• A Banking Model That Works In The Badlands

• Unregulated Derivatives Being Sold To Your Grandmother

• Have 'GS' Become The New Scarlet Letters?

• Does GS Mean Goldman Sachs Or Geithner Summers?

Comments

[DailyBail]

http://letthemfail.us/archives/6550

Republicrats – Do they Get It ?

Nice one will...

[Wil Martindale]

Thanks DB. It looks and sounds even more infuriating here at the Daily bail then it does at letthemfail !
It's gonna get ugly.
-Wil

[DailyBail]

i can feel the mood changing already...i think it's already getting ugly...;-)

[DailyBail]

Bernanke hits back at critics of US monetary policy

http://www.google.com/hostednews/afp/article/ALeqM5itXJwbqONQD22-qmiw9aZUsgjXuA?docId=CNG.019256bfe6ccb3a315e27f0faf7bcd07.4f1

good quotes in here from his critics...

[DailyBail]

LONDON (MarketWatch) — Irish officials insist that a hike in what’s considered an ultra-low corporate-tax rate would be a dealbreaker amid negotiations over a bailout plan aimed at shoring up the nation’s troubled banking sector.

http://www.marketwatch.com/story/tax-debate-sharpens-as-ireland-aid-talks-continue-2010-11-19

[DailyBail]

AIB customers withdraw nearly $18 billion
Irish bank says it has had to rely on central bank funding

http://www.marketwatch.com/story/allied-irish-banks-clients-pull-out-nearly-18-bln-2010-11-19

[Wil Martindale]

You must read the UKColumn articles. This is the irreverant british counterpart to Letthemfail and Dailybail.
I have three links in this article, (and some other links a few posts back).
http://letthemfail.us/archives/6723
As you read Mike Robinson's articles, the eerie similarities between what's going on there, and what portends to be next for here, should send chills down your spine. These guys are ballsy and take no prisoners.

I think you'll draw some excellent material from UKColumn to post here. -Wil

[Oberron4life]

Let it be known, Republicrats, this wasn't a joke. The wave of resentment that is illustrated by the Tea Party is no longer a force with which you can contend. Let alone hijack or control.

If you thought what happened to the Democrat side of your party was awful, trust me,it will pale in comparison to what will happen to you. Make the right decisions, folks, or face a visceral anger like you've never seen before.

Do not be fooled, no one voted for the Republican side of your single party. There is an independent, libertarian force (that you created) ready to destroy you and your power party just as swiftly as we built it. Thats right, we built it - it is ours now. And we will take it away. Violently.

[Eddie'56]

The Main Problem for "We the People" is that we get a mere 2 minutes in the Voting Booth every two years to say "YES or NO." The Congress then gets the next 4 years to screw us over.. Senators get 6 years to screw us over.. Even when we vote them out, they continue to get their Senator's salary for the rest of their lives.. These are treasonous, criminal acts against "We the American People."

[Texas Dar]

Nov 20, 2010 at 8:27 AM | Oberron4life

Thems Fightin Words.....................someone is ready to take our country back.......!

[Texas Dar]

It's gonna get ugly.
-Wil

Will, everywhAre I go, on any blog, the word is the same. Neaver before has there been so many American People ready to do battle. Everyone's Pissed Off.

& thats a good thing. We need to chanel it right or things could get out of hand, and fast. It will only take one little spark and the powder keg is one big fire ball.

This is going to be one Hurtfull Hang-Over, come Jan. 1st. Everyone will drink thill they feel no more anger at the goverment. Thats good on Dec. 31st. But are they gona hurt the next day.........?

Goood Piece. Tells it like it is !