Does 2016 give us a Chance?

Dirty Tricks have been used to pass Bad Laws; can we stop this?

We have a sound system given us by the founders. And it works but if things don’t turn around in 2016 we could be losing it.

When we talk of making a law this is the ideal: One transparent source, one subject, one bill, enough time for politicians to read the bill, enough time for the electorate to weigh in on the bill, a simple up/down vote ON THAT ONE SUBJECT and a two thirds majority where applicable.

Could it be simpler? Simple is good.

What the corrupt establishment in Washington hasn’t quite realized is that it is a new day and the American citizen is coming to take his country back. What our elected officials haven’t realized is that the system is slipping when it begins to get complex.

Today we have much complexity and sadly this obfuscates corruption. Congress has been persuaded that they need to rely on experts to write the bills.  According to Hillsdale College we have a fourth branch of government, the bureaucrats that are not elected and it seems they have been taking over the show. LOL experts are using big, complicated legal jargon that even our elected representatives do not understand; is it any wonder they do not read the bills? Yet it is demanded of us that we follow these corrupt and complicated laws. This is legislation without representation. Do you ever wonder how and why we get bad laws?

The Story of Glass-Steagall 

Glass Steagall (1933 -1999) was legislation that curbed income inequality. The biggest challenge we face to day is income inequality.

Glass Steagall was repealed on Bill Clinton’s watch and it has been said that this and the irresponsible deregulation that occurred during the Clinton second term, sewed the seeds for the BIG CRASH of 2008. Robert E. Rubin and Mr. Summers, also culpable for our current economic woes, still maintain strong influence in the Hilary campaign.

TBTF

Glass- Steagall was designed to limit conflicts of interest and the creation of over bloated banks with questionable assets that in 2016 are again getting too-big-to-fail.

Banks would never have needed the bail-outs, while still being banned by Glass Steagall from underwriting securities. Glass Steagall is a simple law and it forces banks to choose between being a simple lender or an underwriter (brokerage). It is a good law and it worked for half a century.  It could work again today. Derivatives (which were banned by the Glass Steagall) are fast creating the next financial crisis. We have a dangerous situation with even more banks that are too big to fail.

Along with this forming bubble, is the unsustainable debt the quality needed most in the next president of 2016 is a clean slate with regards to finances. Even more than that we need a STRONG president to help us handle any fallout that may occur from what is still a condition laid in by Bill Clinton, his economic advisers and the big banks.

The story of the Federal Reserve

Fed stats

The Federal Reserve Act was enacted on December 23rd 1913 to create the Federal Reserve and the Central Banking System.  It was slipped through Congress while most of the delegates were away on holiday!

How effective has the Federal Reserve been in managing our money?  Statistics show they did turn the economy around in 2008, but that the recovery for main stream has been tepid at best. Small business is still struggling and too many people are living paycheck to paycheck. They can’t blow thier horn on having had much success. Of most concern is this is the USA debt that they have created for our children.

At this point in time, the Fed is an established part of the fabric of our system of money but there should be more oversight.  Significant efforts to get a complete audit of the FED have so far failed. There has been no complete audit of this establishment in the over 100 years of its existence.

They have allowed the market to turn into one giant casino and should be audited and held accountable.

ObamaCare

cost of obamacareIt isstill too early to evaluate this expensive Act; so far there have been some good and some bad consequences. We do know though that it is costing the country money. So be it. What we can say with an absolute certainty is that ObamaCare is not a law crafted with legislative integrity.

ObamaCare was passed by democrats; not a single Republican voting for it and there were some legislative shenanigans used to force it through; making it a coercive law.  Is it any wonder that the GOP rage about healthcare is still escalating?

Harry Reid in 2009 was confident he “just” had the 60 votes to get OmbamaCare passed; however according to congressional rules, such a bill could not originate in the Senate as it is a revenue bill. So Reid went ahead and found an old Senate bill HR3590 (a military housing bill) and stripped the bill of its original language, thereby creating ObamaCare. Huh? You get it. That’s right. ObamaCare began with a confused identity.

There were other problems: The house wanted to make some changes to the bill and the house-amended version was scheduled to go back to the Senate for approval.  Unfortunately in the interim Senator Teddy Kennedy had died getting himself replaced by a Republican. Hello! Reid no longer had the votes to get the amended Act approved.

He cut a deal; the House would pass the Senate’s original bill (no changes) and in addition the House would create a new bill that tabled all the desired changes calling it a reconciliation bill. After all who cared about the changes? The bill is so long and complex that nobody was going to read it anyway.

ObamaCare was not created by politicians; it was created by Big Pharma and their lawyers, nothing representative here.  Nothing simple here.

Of course with a Reconciliation Act tagged on, this only further complicated the complex bill.  Note: Such a use of a reconciliation bill is also contrary to congressional rules.

Twice now the Supreme Court has rubber-stamped ObamaCare raising the question, given its blatant illegality, are there any other dirty tricks here in play like blackmail?

None of these above laws could have been passed or been forced on us had there been a true integrity in the legislative process and an ethics body to investigate and make sure our politicians play by the rules.

So now that we know our representatives are not going to do the right thing, our first duty as a citizen is to learn more about the constitution.

2016 is the year when we hold our elected representatives accountable.
2016 should also be teh year when we have the courage to hold our banks accountable, demanding that those who manage our money and our healthcare, do so in the interest of the greater good.

Quote for the Week

“We are making up the rules as we go along.”

Alcee Hastings of the House Rules Committee during the ObamaCare bill process.

About the Author

bluelynnSLynn Verhoeff (Grandma Thunder) has been writing for twenty years.  She has published two books, “Politics IOU” and “Magic Money” both on Kindle.

You can read more posts at www.grandmathunder.com

 

Tags:

Glass Steagall, Federal Reserve Act, ObamaCare, Congressional rules, presidential election, speaker elelction