"Extremism in the defense of Liberty is NO VICE... moderation in the pursuit of justice is NO VIRTUE."
Monday, September 22, 2008
HILLARY OFFERS SOLID FINANCIAL PLAN
HILLARY CLINTON IS NOT SQUIRRELED away in the corner knitting a snappy sweater for each of her former rivals. Quite the contrary. Despite Obama's continued pleas that she somehow put away their differences, his dirty tricks, embrace party unity, and campaign for him like the Chosen One he is, she continues to stake her reputation, past and present, on the idea that assisting in this long expected financial crisis of the American republic is far more important than slaving away for any single candidate, particularly one who is failing to measure up to his own hype.
Watch the video and read the Clinton proposals to address the crisis:
Create a new entity to buy up and quarantine toxic mortgage securities that are dragging down the markets which would allow the markets to stabilize. Last spring Senator Clinton was among the first to call for a new entity modeled after the successful Depression-era Home Owners’ Loan Corporation (HOLC) or the Resolution Trust Corporation (RTC) created after the Savings and Loan crisis.
Place a temporary moratorium on the most abusive stock transactions, many of which involve the “short-selling” of stocks. Yesterday, Senator Clinton wrote to the Securities and Exchange Commission urging such a moratorium, saying it would provide breathing room for the markets to recover, for investors to make accurate assessments of companies and for regulators to assess what trading practices should be permanently banned.
Convene an emergency economic summit to show the American people their government is working together. Bringing together leaders in the administration and Congress with lenders, consumer advocates, non profits, financial institutions, and all stakeholders will allow a coordinated response to the crisis.
Aggressively pursue and encourage mortgage modifications. Senator Clinton has introduced legislation to remove barriers to mortgage modification and to encourage lenders to voluntarily work with borrowers to keep them current on payments and in their homes.
Restore competent federal oversight of the increasingly complicated financial markets. The rapid evolution of the securities and banking industry overwhelmed the current regulatory framework, resulting in a “shadow banking system” that operates outside of oversight and without accountability.
Require transparency and accountability on executive pay. Senator Clinton has proposed the Corporate Executive Compensation Accountability and Transparency Act to impose new transparency rules on executive pay, end the accounting techniques that hide compensation, and provide shareholders a say in executive compensation packages.
Ensure the accountability of financial institutions borrowing money from the Federal Reserve’s new lending facilities. Taxpayers deserve to know that the companies they are bailing out are on the road to recovery and aren’t throwing more good money after bad.
Senator Clinton urged the administration and the Congress to move quickly to adopt these proposals and prevent the crisis from worsening. “Time is of the essence. Any delay could be ruinous for both financial institutions and confidence in our markets,” she said.
Report: Four score and seven (or a few million years) ago—an idea
of freedom took root in this American soil. Knowing life is crisis, punctuated by brief periods of solace,
we also know that after all is said and done, we shall never cheat infinity, nor extinguish the mark of a
single thought. Like this mathematical pun, strong and fiercely sought, we engage this nation, its myths,
its memories, its magnanimous messengers, and its monstrosities as we seek a more perfect union. But
as always in America, we must rebuke an enemy with both fists on the wheel driving for success and justice
for all. An enemy that is always changing is an enemy that never changes. We must engage that enemy on
the ancient battleground where art and politics beat each other up and few are they who seem the wiser.
We must reject roving wild-eyed policy now weakening our nation, to live again as one nation under truth,
both as strategy, and as reality on the ground, certain of the age in which we struggle and from which we
must engage the enemies that threaten our existence as a nation of liberty. A vigorous new morality must
replace the old farces found frothing along the same profane beachheads as those which defiled the hopes
of our ancestors. In renouncing our petty grievances must all stand together as one to rebuke our mortal
and spiritual enemies who care not for our struggles, and even less for our feelings. We are at war, people.
"Extremism in the defense of liberty is no vice...moderation in the pursuit of justice is no virtue." —Barry Goldwater
"None are more hopelessly enslaved than those who falsely believe they are free.” —Johann Wolfgang Goethe
"In a time of universal deceit, telling the truth is a revolutionary act." —George Orwell
"Freedom is never more than one generation away from extinction. We didn't pass it
to our children in the bloodstream. It must be fought for, protected, and handed on
for them to do the same, or one day we will spend our sunset years telling our children
and our children's children what it was once like in the United States where men were free." —Ronald Reagan
"I have been made victorious through terror." —Muhammad, founder of Islam
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort,
to protect themselves against tyranny in government. —Thomas Jefferson
"Think about it folks. Capitalism is the most effective and purest form of Communism ever practiced." —Gabriel Thy
"Political language—and with variations this is true of all political parties,
from Conservatives to Anarchists—is designed to make lies sound truthful
and murder respectable, and to give an appearance of solidity to pure wind." —George Orwell
"Exaggerated self-criticism would be a harmless luxury of civilization if there
were no enemy at the gate condemning democracy's very existence. But it
becomes dangerous when it portrays its mortal enemy as always being in the right.
Extravagant criticism is a good propaganda device in internal politics. But if it is
repeated often enough, it is finally believed. And where will the citizens of
democratic societies find reasons to resist the enemy outside if they are persuaded
from childhood that their civilization is merely an accumulation of failures and a monstrous imposture?" —Jean Francois Revel
“Never ascribe to malice that which may be ascribed to stupidity.” —Napoleon Bonaparte
"A communist is someone who reads Marx & Lenin. An anti-communist is someone who understands them." —Ronald Reagan
"The world is far more complex than the concentrated cool of some flippant rock star." —Dunaway Ka
