Bank Bailout News D-Day For Taxpayers: Generational Pillaging Continues Unabated. Bondholders Win, Your Kids Lose. Total Taxpayer Commitments expand to above $10 Trillion. Can we Party Like it's 1776 and Just Start Over? Jefferson Pukes in his Grave.
Feb 10, 2009 at 12:04 PM
DailyBail in Bank Bailouts, Federal Bankruptcy, TARP, Taxpayer Anger, Your Kids, and fuck you geithner, despair, hope, jefferson i think we're lost, revolution, shame, taxpayer, undefined

As we expected there is no plan.  It's an empty shell not unlike our children's future. All details including the start date of the monetization of our national debt are still to be announced in the next few weeks. Jefferson just puked in Monticello and sent us a text. He said something about a revolution and then added this:

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."


Let the words sink in. (Jefferson's top 10 quotes on money and banking.) He had his faults. Personally, I could never shake the reality that he built slave quarters into the architecture at Virginia.  Though he was decent at revolution.  First a snip on his election to the Presidency in 1800.  He ran on the Democratic-Republican ticket.

In 1819, Thomas Jefferson recalled his own election as president nearly two decades earlier as a "revolution" in American politics. "Revolution" is a strong word, but it was probably the right word, for the Democratic-Republican Party Jefferson led into power in 1801 was dramatically different from the Federalist Party that had governed since 1789. But Jefferson's use of the word signified more than a mere transition from one party to another; Jefferson believed that the Federalists he defeated represented not just a different political vision, but a dangerously wrong political vision—one that threatened to restore the antidemocratic principles and institutions of the British government Americans had rejected in 1776.

For Jefferson, therefore, the election of 1800 represented more than a simple changing of the guard. It signified the restoration of America's Revolutionary vision, the return of the great ideals of 1776. And in Thomas Jefferson's mind—as in the minds of his followers—Jefferson himself, as the author of the Declaration of Independence, was just the man to lead this second revolution.


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Update on Feb 11, 2009 at 8:39 AM by Registered CommenterDailyBail

Updated with Wednesday's links.

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