By Daniel Clemens March 31, 2009
Lately as I watched the news I cannot help but think about the arrogance of our elected leadership. They busy themselves governing ‘WE THE PEOPLE’ without regards to what we the people want them to do. They forget that they cannot govern over us without our consent.
It has become abundantly clear that the present government of the United States is operating outside of the constraints of the U.S. Constitution. President Obama’s treasury Secretary Timothy Geithner and Federal Reserve chairman Ben Bernanke Have asked Congress for unprecedented powers to take control of nonbanking financial institutions.
I do not want you to misunderstand me, I know that the U.S. Constitution Gives power and authority to the Secretary of the treasury over the coining and money supply of the United States. But nowhere in the constitution do I read that the Secretary of the treasury has the power to unilaterally step into a private company and control it. Nor do I read in the constitution where Congress has the power to grant to the Secretary of the treasury the power to control private companies.
And this past week Timothy Geithner and Federal Reserve chairman Ben Bernanke, asked Congress and president Obama to give them authority to investigate private nonbanking financial firms they deemed would put the country into another financial crisis if they were to fail. The companies they would target are financially sound at the moment and pose no immediate risk to the economy.
If the American people allow this, the Secretary of the treasury and the chairman of the Federal Reserve will be able to effectively crush any non banking financial institution. You might be asking yourself how they will be able to accomplish this. Just imagine the New York Times reporting on a possible investigation of company XYZ. Just the simple suggestion of an investigation by the Federal government will work to drive the stock prices down, and scare investors away from company XYZ. Once the company has become devalued, this will be the only excuse the Federal government needs to nationalize any nonbanking financial institution. And why stop there? Any company The Federal government deems too big to fail will come under the government microscope and be ripe for nationalization.
The financial difficulties we are experiencing now are not the result of free market capitalism. They are a direct result of government manipulation whether through direct legislation, over regulation, lack of oversight, bribery, or outright “Mafioso” style tactics by our congressmen and or unelected bureaucrats. If the markets are allowed to work they will take care of bad behavior and poor decision making by those who participate in the markets.
And let’s not forget the two Congressmen most responsible for the financial crisis we’re going through now, Representative Barney Frank and Senator Chris Dodd. I am still waiting for the investigations to begin with these two men. Just because you are a sitting congressman should not protect you from prosecution when you perpetrate a fraud on the American people.
The American people need to start getting involved with the people who they give consent to govern them. The time is well past for the American electorate to just sit idly by and watch our freedoms and our liberties be destroyed by those we have given consent to govern us. Besides picking up and reading the Bible on a daily basis, we need to start reading the U.S. Constitution on a daily basis as well. If we don’t know and understand our founding documents how can we ever expect to hold accountable those we elect and give consent to govern us?
If the American people don’t do something soon to stop this train wreck that is happening with our economy and rein in our unconstitutional politicians, I fear that this country that our founding fathers blessed us with we’ll be lost and we will have no one to blame but ourselves.
Dan Clements is a member of the Constitution Party and the host of BACK TO BASIC a Christian/political internet talk show. You can listen to Dan live from 10am-12 noon EST. M-F at www.blogtalkradio.com/dan-clements and www.constitutionalwarrior.com
Copyright © 2009 by constitutionalwarrior.com. Permission to reprint in whole or in part is granted, provided full credit is given.
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