Re: Mr. Speaker I understand we are under Martial Law as declared by the speaker last night.”

So what's going on up on the Hill right now is that the conservative Republicans in the House are trying to block the passage of the "bailout bill" [sic, unless they've gotten it to the floor already]. Somebody with the power to do so has declared martial law in Congress so they can railroad the legislation through without a vote. If they don't get the bailout bill passed by tomorrow, the stock market crashes to what? 1987 or 1929? Plus the banks freeze and the world markets collapse as well.

Am I correct?

By passing the bailout bill, the US is given a little time before we go into a Great Depression, right? And the Great Depression took 10 years of thrift before they felt an upswing? But if Congress doesn't get it passed, the walls of Wall Street come crashing down tomorrow? on the other hand, by passing the bill, the US taxpayer gets his/her life savings wiped out while saving the banks' hineys? Plus we lose our homes and jobs?

"It is a cruel thought, that, when we feel ourselves standing on the firmest ground in every respect, the cursed arts of our secret enemies, combining with other causes, should effect, by depreciating our money, what the open arms of a powerful enemy could not." --Thomas Jefferson to Richard Henry Lee, 1779. ME 4:298, Papers 2:298

"I look back to the time of the war as a time of happiness and enjoyment, when amidst the privation of many things not essential to happiness, we could not run in debt, because nobody would trust us; when we practised by necessity the maxim of buying nothing but what we had money in our pockets to pay for; a maxim which, of all others, lays the broadest foundation for happiness. I see no remedy to our evils, but an open course of law. Harsh as it may seem, it would relieve the very patients who dread it, by stopping the course of their extravagance, before it renders their affairs entirely desperate." --Thomas Jefferson to Fulwar Skipwith, 1787. ME 6:188

"I sincerely believe... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." --Thomas Jefferson to John Taylor, 1816. ME 15:23


http://etext.virginia.edu/jefferson/quotations/jeff1325.htm



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