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Bill Cassidy, United States Congressman, discusses the Keystone XL Pipeline

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Published on Jan 20, 2012

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Bill Cassidy discusses on the Legal Lines television show the major issues affecting American citizens currently, there immediate repercussions, and possible solutions. One obvious issue is the economy, and Bill Cassidy explains that the Federal Reserve is trying to help the global economy using currency exchanges, which are paid back dollars at an agreed upon rate. He expresses that while the two economies are intertwined, the American people should be allowed to participate in the decision of how to help instead of being kept in the dark. What are the terms? What is the agreed upon rate in the future? American citizens have a right to know.
Presently, the Federal Government has put a lot of money into the economy, which is good in the sense that money can be borrowed cheaply. However, it is rapidly diluting the value of the dollar. The concern expressed by Bill Cassidy is that too much money chasing too few products could increase prices.
Another long-term issue is the institutions Freddie Mac and Fannie May that taxpayers now own. In the beginning, Freddie Mac and Fannie May were institutions created to encourage home ownership by lowering mortgage rates by packaging tons of mortgage rates together. The problem was that their Chief Executives were getting paid hundreds of billions of dollars and inevitably the institutions went bankrupt in 2008. The government took them over, and now taxpayers are left to pay off the debt.
Lastly, there is the immense struggle between the Executive and Legislative branch. President Obama, The is trying to take more power unto himself which is utterly unconstitutional. The House of Representatives is trying to protect our power but Obama succeeded in unilaterally defining what a recess was. When our country started congress would not meet for six months so the president would have the ability to make an appointment in that six-month period, he couldn't just shut down the government. Now the concern is what other laws will the President disregard. He has already instructed his Attorney General not to defend the marriage law for union between a man and woman. Once more, he has unilaterally decided not to defend those laws and to pursue his own agenda instead. Our country needs to prepare itself for trying times and defend their rights.

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Show # 136

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