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PopulistParty uploaded a new video
(5 months ago)
05-15-09, The Verdict
Judge Andrew Napolitano comments on the memo unearthed by Judicial Watch that proves that Henry Paulson strong-armed the bank...
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05-15-09, The Verdict
Judge Andrew Napolitano comments on the memo unearthed by Judicial Watch that proves that Henry Paulson strong-armed the banks into taking the TARP bailout funds.
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PopulistParty uploaded a new video
(6 months ago)
A series of disastrous economic decisions turned an economic downturn into the Great Depression. The Smoot-Hawley tariff harmed American consumers ...
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A series of disastrous economic decisions turned an economic downturn into the Great Depression. The Smoot-Hawley tariff harmed American consumers and a majority of American industry. Great Depression scholar Amity Shlaes explains how protectionism also contributed to tensions between nations prior to World War II.
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PopulistParty uploaded a new video
(6 months ago)
There's a quiet but real movement in the states to assert their rights under the 10th Amendment. CNN's Bill Tucker reports on 04-14-09
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PopulistParty uploaded a new video
(7 months ago)
"I see that there's been too much bipartisanship in creating the problem we've had. This crisis that we're in the midst of didn't pop up here ...
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"I see that there's been too much bipartisanship in creating the problem we've had. This crisis that we're in the midst of didn't pop up here in the last 60 days. It didn't pop up here in the last 8 years. It's taken serveral decades for us to get to this point where we are today in dealing with the budget that is just totally out of control.
Characteristically, the statistics that we hear when we talk about the budget are never reliable - especially when you're in a recession. In a recession, nobody can predict the revenues. The revenues are going to be a lot lower, and the expenditures are going to be a lot higher, so I am making a prediction that the spending will be over $4 trillion this year and that the deficit is going to be over $2 trillion.
The problem we face today isn't so much a budgetary problem, it's much different than that. The budget and the deficit is a symptom of something much more serious - and that is, what have we allowed our government to become?"
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PopulistParty uploaded a new video
(7 months ago)
Bachmann: What provision in the Constitution could you point to, to give authority for the actions that have been taken by Treasury since March of ...
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Bachmann: What provision in the Constitution could you point to, to give authority for the actions that have been taken by Treasury since March of 08?
Geithner: Oh, uh, the Congress legislated in the emergency economic stabilization act a range of very important new authorities..
Bachmann: Sir, in the Constitution. What in the Constitution could you point to, to give authority to the treasury for the extraordinary actions that have been taken.
Geithner: Every action that the treasury and the fed and the FDIC is....been using authority granted by this body...by the Congress.
Bachmann: And in the Constitution, what could you point to?
Geithner: Under the laws of the land, of course.
Bachmann: And if I could move to the federal reserve chair, if you could point to what provision in the Constitution that would give authority to the federal reserve - this has been over 10 trillion dollars that we're talking about.
Bernanke: I don't know where 10 trillion dollars comes from. The congress has the right to authorize funds, which is what they did in the TARP program, and they have given us in the 1930s...they gave the federal reserve the power for emergency lending as a means of addressing financial crises which is what we've done.
Bachmann: And to the federal reserve chair - Do you believe there are any limits on the authority that the Federal Reserve has taken since last March...of 08?
Bernanke: The loans we make have to be fully secured and collateralized. We have practical limits in terms of our ability to manage monetary policies. So there are obviously limits. We have reported extensively to the Congress on all the actions we have taken, and the actions we've taken have been solely and entirely for the purpose of protecting the American economy from the effects of financial collapse.
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