Greetings!
On September 21st, I wrote of the "bankruptcy of civil government overrun by unconstrained politicians whose self interest, worldly ambition, and godless values, are more important to them than serving the people under the rules of heaven."
The following video and article illustrates those facts in spades.
On April 6, 2005, Alan Greenspan, then Chairman of the Federal Reserve, warned Congressional leaders that,
"We increase the possibility of insolvency and crisis. . . without restrictions on the size of Fannie Mae and Freddie Mac. We put at risk our ability to preserve safe and sound financial markets in the United States."
Shortly thereafter, Senator Richard Shelby, Republican Chair of the Senate Banking Committee, proposed legislation to place strong restrictive regulations on both Fannie Mae and Freddie Mac to prevent what Greenspan warned would happen; however, democrats on the Committee blocked the legislation, preventing it from being considered by the full Senate.
Senator Christopher Dodd, who voted against the Republican led legislation in that same Committee, and is now the new chairman of the Committee, went on record yesterday saying,
"The American taxpayers are angry! They demand to know how we arrived at this moment!"
Not once, along with his democrat colleagues on the Committee, did he take any responsibility for how we, the people of America, 'arrived at this moment!"
Instead, he and his fellow democrats are doing all they can to deflect the truth from the American public.
Investor's Business Daily reported on September 17th that "a visibly annoyed House Speaker Nancy Pelosi rejected suggestions that Democrats share blame for the meltdown. "No," she snapped at reporters who dared to ask."
Investor's Business Daily reported on September 22d that, "Barack Obama has repeatedly blasted "Bush-McCain" economic policies as the cause, as if the two were joined at the hip" but that "over the past 8 years, those who tried to fix Fannie Mae and Freddie Mac - the trigger for today's widespread global financial meltdown - were stymied repeatedly by congressional Democrats."
Economist Kevin Hassett on Bloomberg.com, quoted in the September 22nd article, wrote this week,
"We now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years."
It is time that we hold those in Congress accountable for their malfeasance of office, not the American people.
"The near collapse of America's economy and the demise of the financial institutions that participated in the housing market, illustrates the danger to a nation that fails to heed the warnings of Scripture about the love of money. The failure of these institutions as a result of multiple layers of greed in government, the banking world, and many of our citizens, severely impacts all Americans. It hilites the bankruptcy of civil government overrun by unconstrained politicians whose monied self interest, worldly ambition, and godless values, are more important to them than serving the people under the rules of heaven.
The 'government is god' secular world view control of civil government in America that has foisted upon all Americans the tax upon tax, levy upon levy, we'll 'take care of you', ever widening government trough, that disdains and ignores what Washington called the 'eternal rules of order and right' must come to an end.
Not only are we faced with enormous new debt and an endangered future for all Americans as a result of greed and entrenched political idolatry, the lack of confidence in civil government unadvised by thousands of years of wisdom, to secure our rights and anything lasting for our offspring, is real.
We-the-people, under a Constitution that gives us the right and responsibility to govern ourselves, must exercise our duty to protect ourselves and our posterity through the ballot box from incompetent, corrupt, and unprincipled men.
Noah Webster, the great lexicographer and educator said,
"When you become entitled to exercise the right of voting for public officers, let it be impressed on your mind that God commands you to choose for rulers, "just men who will rule in the fear of God." The preservation of government depends on the faithful discharge of this duty; if the citizens neglect their duty and place unprincipled men in office, the government will soon be corrupted; laws will be made, not for the public good so much as for selfish or local purposes; corrupt or incompetent men will be appointed to execute the laws; the public revenues will be squandered on unworthy men; and the rights of the citizens will be violated or disregarded. If a republican (form of) government fails to secure public prosperity and happiness, it must be because the citizens neglect the divine commands, and elect bad men to make and administer the laws."
Noah Webster, History of the United States (New Haven: Durrie & Peck, 1832), pp. 336-337, 349.
