Who’s to Blame… Wall Street, Congress or Us?

By Janet Walgren

This week I took the opportunity to watch the Congressional hearings about the credit rating industry. As the top guns of Moody, Standard & Poor, and others were grilled by members of the United States Congress, I sat in disbelief of what I was hearing. So did the members of Congress who were asking the questions.

With all the hoop-a-la going on with campaigns, debates, news media coverage, finger pointing and the crazies that go with it, I was please to get some common sense emails this week. I would like to share them here in hopes of doing some good for our country. Enjoy!

By Charlie Reese – a former columnist of the Orlando Sentinel Newspaper

 

Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered why, if both the Democrats and the Republicans are against deficits, WHY do we have deficits? Have you ever wondered why, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes? You and I don’t propose a federal budget. The president does. You and I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does. You and I don’t write the tax code, Congress does. You and I don’t set fiscal policy, Congress does. You and I don’t control monetary policy, the Federal Reserve Bank does.

 

One hundred senators, 435 congressmen, one president, and nine Supreme Court justices 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country. I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

 

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a president to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator’s responsibility to determine how he votes.

 

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party. What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The president can only propose a budget. He cannot force the Congress to accept.

 

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? She is the leader of the majority party. She and fellow House members, not the president, can approve any budget they want. If the president vetoes it, they can pass it over his veto if they agree to.

 

It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility. I can’t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

 

If the tax code is unfair, it’s because they want it unfair. If the budget is in the red, it’s because they want it in the red. If the Army and Marines are in IRAQ, it’s because they want them in IRAQ. If they do not receive social security but are on an elite retirement plan not available to the people, it’s because they want it that way. They vote their own pay-raises for themselves because they want it that way.

 

There are no unsolvable government problems. Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to   regulators, to whom they give the power to regulate and from whom they can take this power.

 

Above all, do not let them con you into the belief that there exists disembodied mystical forces like ‘the economy,’ ‘inflation,’ or ‘politics’ that prevent them from doing what they take an oath to do. Those 545 people and they alone, are responsible. They and they alone, have the power. They and they alone, should be held accountable by the people who are their bosses provided the voters have the gumption to manage their own employees. We should vote all of them out of office and clean up their mess!

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2 Responses to Who’s to Blame… Wall Street, Congress or Us?

  1. myviblog says:

    Amen! Seems like lots of finger pointing going on in the wrong direction lately.

  2. […] So WHO’s ON FIRST – the runner, the first baseman or both??? Actually the correct answer is probably no one. […]

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