Read Herman's bio and previous columns
March 30, 2009
Conservatives, Don’t Just Sit There!
Get off the sidelines
Just to be clear, my
definition of a conservative is someone who believes in less
government, less taxes and more individual responsibility. This
happens to be 100 percent consistent with the Constitution of the United
States of America.
More government, more
taxes and less individual responsibility is called liberal. And this is
100 percent inconsistent with the Constitution.
Federal agencies have
been created over time by Congress with the intent of protecting the
public from such things as fraud, scams, harmful products and dishonest
business practices. But their regulatory powers cannot conflict with the
Constitution. Putting the issue of too much regulation aside for the
moment, as well as the inefficiency with which some agencies do their
jobs, as well as the issue of some agencies abusing their powers, the
public does receive some protective value.
The Federal Depositors
Insurance Corporation (FDIC) is a good example. They protect our money
in banks up to an account value of $250,000. If a bank’s operating
metrics become unstable and unsustainable, then the FDIC can take over
the assets of the bank, pay off the depositors where possible and sell
off the remaining assets to another healthier bank.
Unlike the FDIC, the
Treasury is not a good example. They have mishandled the TARP (Troubled
Assets Relief Program) funds by insisting that some banks take the money
even if they did not need it, overextended funds to some banks and then
attempted to place restrictions on executive compensation and bank
lending practices after the fact.
Next, after whipping
the media and the public into a mob frenzy over the AIG melodrama with
the help of President Obama and Democrats in Congress, who failed in
their foresight and oversight, the House passed a “Bully Bill” to help
Secretary Tim Geithner undo the embarrassing mistake.
Secretary Geithner has asked Congress to grant him broad new powers to
seize non-bank financial institutions even if they have not received any
government assistance. I suspect it would not take much for some
political scribe of the new powers to drop the word “non-bank”, just as
some scribe conveniently dropped the restrictions on bonuses in the
Geithner is the same
guy who did not pay some taxes, which President Obama called an honest
mistake, and was confirmed by the Senate anyway. This is the same guy
who, when asked about dumping the dollar in favor of a “world currency,”
answered “no” in the morning and “maybe” in the afternoon of the same
This is the same
Treasury Secretary who does not see his request as radical or
unconstitutional, which is the opinion of most honest legal
Wake up people! The
Obama Administration and the Democrats have already mortgaged the future
of our grandchildren by nearly doubling the national debt if Obama’s
budget proposal is approved, which I hope it will not be.
This is the most
serious government power grab since Congress authorized stealing from
the Social Security funds to spend our money on everything from bridges
to nowhere to mule museums. I am not making this up!
Just say no to granting unconstitutional powers to the Treasury or any
other agency of the federal government! It’s called separation of power.
Write, e-mail, call,
join something or attend one of the
tax day tea parties around the country on April 15, 2009!
just sit there!
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