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And another blow to US sovereignty.  email this discussion to a friend?

myLot reputation of 74/100. thedogshrink (686)   ranked 307 out of 3,985 in politics 4 years ago

I had no idea that the G20 meeting was about this! I listened to as much of Bush's speech as I could and what I heard was about capitalism, NOT about giving a foreign entity, who is not elected by the people, the power to demand changes in our economic policy! What was Bush thinking?
BUSH'S LEGACY: EUROPEAN SOCIALISM
By D*ICK MORRIS
Published on TheHill.com
on November 18, 2008
Printer-Friendly Version
The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy. In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in toto, to the Western European model of socialism, stagnation and excessive government regulation. Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merger with the Europeans is like a partnership with death.
At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary. Bush agreed to create a College of Supervisors.
According to The Washington Post, it would "examine the books of major financial institutions that operate across national borders so regulators could begin to have a more complete picture of banks' operations."Their scrutiny would extend to hedge funds and to various "exotic" financial instruments. The International Monetary Fund (IMF), a European-dominated operation, would conduct "regular vigorous reviews" of American financial institutions and practices. The European-dominated College of Supervisors would also weigh in on issues like executive compensation and investment practices.
There is nothing wrong with the substance of this regulation. Experience is showing it is needed. But it is very wrong to delegate these powers to unelected, international institutions with no political accountability.
We have a Securities and Exchange Commission appointed by the president and confirmed by the Senate, both of whom are elected by the American people. It is with the SEC, the Treasury and the Federal Reserve that financial accountability must take place.
The European Union achieved this massive subrogation of American sovereignty the way it usually does, by negotiation, gradual bureaucratic encroachment, and without asking the voters if they approve. What's more, Bush appears to have gone down without a fight, saving his debating time for arguing against the protectionism that France's Nicolas Sarkozy was pushing. By giving Bush a seeming victory on a moratorium against protectionism for one year, Sarkozy was able to slip over his massive scheme for taking over the supervision of the U.S. economy.
All kinds of political agendas are advancing under the cover of response to the global financial crisis. Where Franklin Roosevelt saved capitalism by regulating it, Bush, to say nothing of Obama, has given the government control over our major financial and insurance institutions. And it isn't even our government! The power has now been transferred to the international community, led by the socialists in the European Union.
Will Obama govern from the left? He doesn't have to. George W. Bush has done all the heavy lifting for him. It was under Bush that the government basically took over as the chief stockholder of our financial institutions and under Bush that we ceded our financial controls to the European Union. In doing so, he has done nothing to preserve what differentiates the vibrant American economy from those dying economies in Europe. Why have 80 percent of the jobs that have been created since 1980 in the industrialized world been created in the United States? How has America managed to retain its leading 24 percent share of global manufacturing even in the face of the Chinese surge? How has the U.S. GDP risen so high that it essentially equals that of the European Union, which has 50 percent more population? It has done so by an absence of stifling regulation, a liberation of capital to flow to innovative businesses, low taxes, and by a low level of unionization that has given business the flexibility to grow and prosper. Europe, stagnated by taxation and regulation, has grown by a pittance while we have roared ahead. But now Bush -- not Obama -- Bush has given that all up and caved in to European socialists.
The Bush legacy? European socialism. Who needs enemies with friends like Bush?

 

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xfahctor (7620) response was accepted on 11/27/2008.
denotes best response, click it to go to the best response.
tags:  bush, and printer, dubah, economy, european
 
1. myLot reputation of 83/100. lilwonders456 (3526)   ranked 34 out of 3,985 in politics   4 years ago

Bush has been very liberal with some of the htings he has done. It no longer shocks me what he does anymore. I have not considered him a Republican for a long time. The only problem I see from this is this is something that I do not think Obama will stop it or overturn. He is just going to add to it. Bush has sold us out so many ways it is not funny.


myLot reputation of 48/100. iriscot (792)   ranked 556 out of 3,985 in politics  4 years ago

It's too bad that the Republicans didn't that Dubah wasn't too smart four years ago. They could have nominated someone who had a sense about him, and it's possible we wouldn't be in the mess we are in today. Since he failed at regulation he turned it over to the Europeans to do it. Shame, Shame.

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2. myLot reputation of 95/100. OreoCookie3 (22476)   4 years ago

If anything, if this happens it will bring the Republicans right back into power in 2012, because the change that the Dems wanted will be more than they bargained for. We got sold into socialism with the vote, now we gotta live with it and hope for the best.


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

I think Bush is just giving the up and coming administration what they want... and then see what kind of mess can be made from it in the next administration.


myLot reputation of 48/100. iriscot (792)   ranked 556 out of 3,985 in politics  4 years ago

Sorry Oreo, the Republicans are in such disarray it will take a lot more than 4 years for them to get themselves straightened out, they don't know and can't decide whether they are conservatives or moderates. Who are you calling socialists? It was the appointments by the Bush administration that gave away all of our tax dollars to AIG and the bankers. It wasn't the democrats and certainly not Obama!


myLot reputation of 95/100. OreoCookie3 (22476)  4 years ago

Oh so it's not Obama that wants to spread the wealth? I must have heard him wrong his whole campaign then? That is socialism.

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3. myLot reputation of 83/100. xfahctor (7620)   ranked 42 out of 3,985 in politics   4 years ago

I never thought I'd be saying this about our own president, but TREASON![/b}

I have been screaming at the top of my lungs for a while about this now, T.A.R.P. (aka the "bail out" that isnt really a bail out), the g 20 summit, the FED. It is all SO much worse than people realize. I will be posting more in this thread as the night goes on and as I gather information, but chew on this much for the time being.

United States Constitution, Article 1; section 8. Powers of Congress:
"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence 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 establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
"

This much alone is enough to make one physicly ill, but like I said, it's only the tip of the ice berge folks, hope you all have strong stomachs....more to come in a while.


myLot reputation of 83/100. xfahctor (7620)   ranked 42 out of 3,985 in politics  4 years ago

in other words, the only authority over U.S. finance is CONGRESS. Not the president, not the treasury department on it's own, not the FED (because it shouldn't even exist in the first place) CONGRESS.


myLot reputation of 74/100. thedogshrink (686)   ranked 307 out of 3,985 in politics  4 years ago

I know how you feel, X, about the treason statement.
I have not been one who has constantly bashed Bush, and to be honest, I have believed that he has done what he felt was best for our country under very bad circumstances. But when I read this, I was so mad! I couldn't believe he would do that! I heard him say during the speech to the g20 that he is for free markets and capitalism, but not when there is a big possibility of a global financial collapse, as there is now. I was in the other room, dealing with my daughter, so I mistakenly thought he was explaining his reasoning for the 700 billion bailout, since they had also been talking about that and how the European governments had done it too, and it seems to be starting to work for them. I can give him that, that maybe the bailout idea, is needed, even tho it was handled so completely rottenly! But I cannot for the life of me think of any possible reason except he lost his mind for him to hand over any oversight or any thing at all having to do with American economics to foreigners! And you are so right: it is completely against the Constitution.
The Europeans are looking out for THEIR best interests. Now who is going to look after ours?

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4. myLot reputation of 83/100. xfahctor (7620)   ranked 42 out of 3,985 in politics   4 years ago

Here is an article I dug up that illustrates a little history to the root of things.
http://www.globalresearch...

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5. weyandtgm (38)   ranked 1,921 out of 3,985 in politics   4 years ago

we have been stuck on a socialis track since the great Ronaldus Magnus left office, it has just been a matter of how fast we were heading there, now unfortunately it has been kicked into overdrive with the selection of Lenin Obama, but we can start to right the track, since the moderates have left the GOP, now maybe we can finally get some conservatives into office, who won't pander to the left, and have them fight to regain our sovereignty. It is time to start drafting candidates now for the mid-term elections so that we can eliminate the one party rule that we have just gotten stuck with.

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6. myLot reputation of 49/100. Destiny007 (4866)   ranked 647 out of 3,985 in politics   4 years ago

I have seen this coming for a while now... although I never imagined that it would have been a republican who betrayed our trust... that has usually been the democrats department.

This is the New World Order that so many have been in denial about for so many years. It is the loss of our sovereignty and eventually our individual rights and freedoms as American as we are forced into Global Socialism.

Last year it was the L.O.S.T., and so other things that gave up some of our rights.

Now 0bama has his Global Anti-Poverty Act that we will have to pay for and the Jubilee Act as well.... Then there is the insane Climate Change agenda that were are about to be hit with... that will do nothing for the climate, but will make people like Gore and others rich dealing in Carbon Credits.

These people believe in Capitalism for them, and Socialism for us... yet the people who voted for 0bama don't seem to realize the truth. Bush is not going to be hurt by this, neither is 0bama... or any of this rich elites to whom a couple million bucks is pocket change.

Some of us have been trying to warn about this sh1t for a while now, and no one wanted to listen.

People need to watch Freedom to Fascism by Russo, that way they would know what's going on, and what has been happening to us over the years.

The FED is not a government entity, and the CFR has an agenda.... and the DOE is a method for indoctrinating children into socialist servants.

Now maybe some of you will understand what that means.


myLot reputation of 74/100. thedogshrink (686)   ranked 307 out of 3,985 in politics  4 years ago

The FED is not a government entity, and the CFR has an agenda.... and the DOE is a method for indoctrinating children into socialist servants.

Destiny, would you please expound on this for everyone? I understand that the FED is not a government entity, but everyone may not. I don't know the agenda of of the CFR, and how is the DOE a method for indoctrinating children? I think you are right, but I just want more explanation so we all know what we're talking about.confused


myLot reputation of 49/100. Destiny007 (4866)   ranked 647 out of 3,985 in politics  4 years ago

You know, the best way to learn the truth is to seek it out. Search engines are a wonderful tool for finding information.

Anyone can find the information if they so desire... however ... here are three links to begin the quest for the truth.

http://www.conspiracyarch...

Why Our Schools Teach Socialism

This last link is 2 hours long, so get comfy and see how we are losing our freedom.

http://video.google.com/v...

I am a strong believer in finding things out for yourself and making your own decisions... after all, America is all about the free exchange of ideas... unless you are a liberal, and then you want to silence the opposition.


myLot reputation of 49/100. Destiny007 (4866)   ranked 647 out of 3,985 in politics  4 years ago

Here is the link about our schools... considering the fact that the DOE represents a centralized clearing house for government approved and mandated curriculum, it can be said that the DOE's agenda is the indoctrination of our children into accepting socialism and anything else the government wants to teach them.

http://www.eagleforum.org...


myLot reputation of 74/100. thedogshrink (686)   ranked 307 out of 3,985 in politics  4 years ago

Thanks Destiny.
I agree people should do research on their own but there is a lot at stake these days, and getting worse by the day, and you know everyone will not go and look up, but if you give them links or some background you just might spur them on to more research. Thanks for posting more!

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7. myLot reputation of 83/100. xfahctor (7620)   ranked 42 out of 3,985 in politics   4 years ago

"If one understands that socialism is not a share-the-wealth programme, but is in reality a method to consolidate and control the wealth, then the seeming paradox of super-rich men promoting socialism becomes no paradox at all. Instead, it becomes logical, even the perfect tool of power-seeking megalomaniacs.

Gary Allen, Author
*****************************************************************************
W.Cleon Skousen wrote in his book 'The Naked Capitalist'.

"Power from any source tends to create an appetite for additional power... It was almost inevitable that the super-rich would one day aspire to control not only their own wealth, but the wealth of the whole world.
******************************************************************

Heres a link to a good basic timeline and perspective on the creation of the federal reserve, titled, the biggest bank robbery in history. All conspiry new world order 1 tyrinical new world order stuff aside, the basics of the financial shift and crime that was perpetuted and is being perpetuated and that seems to be poising to explode exponetialy, is very real. the loss of freedoms as are the potential loss of soveirngty, are very real.
http://euro-med.dk/?p=3226

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