Rep. Dennis Kucinich: "The $700 bailout bill is being driven by fear not fact. This is too much money, in too short of time, going to too few people, while too many questions remain unanswered. Why aren't we having hearings…Why aren't we considering any other alternatives other than giving $700 billion to Wall Street? Why aren't we passing new laws to stop the speculation which triggered this? Why aren't we putting up new regulatory structures to protect the investors? Why aren't we directly helping homeowners with their debt burdens? Why aren't we helping American families faced with bankruptcy? Isn't time for fundamental change to our debt-based monetary system so we can free ourselves from the manipulation of the Federal Reserve and the banks? Is this the US Congress or the Board of Directors of Goldman Sachs?"
As I'm sure Kucinich knows, there hasn't been much difference between the BOD of Goldman-Sachs or their equivalents and the US congress for a very long time (at least not since the era of Alexander Hamilton) but it's still a good quote. Meanwhile...I'm glad we didn't let the Republicans privatize social security.
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OK, so I didn't read Kucinich's quote as closely as I should have. I was just skimming the "Left Business Observer" email list, where Doug Henwood pointed out that part of Kucinich's speech that suggested what some of us call "gold buggery" or "hard-money nuttery" - thanks to Henwood for the pithy description of faux-populist attacks on the fed. Ever since that Nazi-cozy Ron Paul started going on about the "federal reserve conspiracy" we've been dealing with seriously wacko "solutions" for our economic problems. sigh.
Why oh why have you been so busy this past year? I can't imagine what or who could be occupying your time.
Hi Reb,
I need a tutorial in the Federal Reserve conspiracy. Thanksgiving?
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