Mike Capuano should resign in shame instead of running for Senate.

Mike Capuano of the eight Congressional District here in Massachusetts talks a slick game and feels he belongs in the Senate.  This is ironic because he does even deserve his current post. 

Besides ignoring emails from his constituency on the matters most pertinent to our economy, Mike has the following to say on his page (emphasis are his).
When it comes to TARP and other emergency lending programs, Mike continues to speak out to the Federal Reserve and the Treasury Department regarding the need to protect taxpayers.
So far so good, yes?  Yesterday, Mike Capuano had a unique opportunity to protect the taxpayers by voting on an amendment for a bill designed to Audit the Fed.  Because Mike Capuano serves on the finance committee in the house, he has foremost knowledge of the efforts undertaken by the Federal Reserve to remain secret and resist auditing.  Currently the Federal Reserve has a unique position of being able to print money at will, bail out banks and buy toxic paper under the cover of secrecy - actions that exceed the original charter and are grossly unconstitutional. 

The amendment proposed by Alan Grayson and Ron Paul would be the first step in at least exposing to the American public what the Federal Reserve is doing and who is the recipient of OUR money (current and future).

Mike Capuano voted NO on the Paul/Grayson amendment. 

Why?  Who exactly are you serving Mike?  Because it sure as hell NOT the American taxpayer despite your blatant lies to the contrary, furthermore as a Congressman you swore to uphold and protect our constitution and you have failed that duty spectacularly.  Your only remaining option now, is to resign.

Comments

Post a Comment

Popular posts from this blog

The 2009 credit boom is coming to an end.

Image
The credit expansion boom of 2009 will eventually go down as yet another period of credit expansion promoted by the Fed that will have lead to another predictable bust.   Today, it will be interesting to examine how the various levels of production are behaving under years and years of artificial interest rate suppression.  It will also be helpful to look at charts and graphs examining the business cycle theory and the impact of time preference as taught by Mises. For starters, those new to the concept - a very brief paraphrasing of the general idea. Under a healthy functioning market people's consumer patterns impact their savings.  More consumption equals less saving and less consumption more saving.  In order to progress the society must save such that it can make investments in machinery, equipment, technology, etc if it hopes to increase the capacity of production.   Sure ,you can harvest 10 coconuts a day, consume them by night and repeat the process...
Read more

What is wrong with this country?

I was browsing the latest IBD poll and it finally struck me. I had this idea brewing for the past few weeks now and this particular poll hit a nerve. What jumped out was the age group and who they are likely voting for. Obama / McCain 18-24: 74% 21% The rest of the age groups are more or less even with ages 65+ leaning more for McCain. Those folks should probably avoid leaning - hazardous to their health. Now, if you are a member of this group and are part of the 74% you are probably feeling good about yourself. If you are in the 21% then you are probably used to feeling desperate and angry that your peers ostracize you as if you were the next coming of the bubonic plague. But this number is very telling. Showing to us that a large group of freshly minted liberals, on average still in college, is in a very good position to influence these elections. Enthralled by the concept of "what they want the world to be" and their utopian ideals they hammer their message to anyone willi...
Read more

Cult of Personality Watch: Obama day

I suspect I might have to make a regular piece about this, given the nature of this presidency. Today's CoP moment, brought to you by http://cjonline.com/stories/110908/loc_353922770.shtml Planning under way for Obama holiday The Capital-Journal Published Sunday, November 09, 2008 Plans are being made to promote a national holiday for Barack Obama, who will become the nation's 44th president when he takes the oath of office Jan. 20. "Yes We Can" planning rallies will be at 7 a.m. and 7 p.m. every Tuesday at the downtown McDonald's restaurant, 1100 Kansas Ave., until Jan. 13. The goals are to secure a national holiday in Obama's honor, to organize celebrations around his inauguration and to celebrate the 200th birthday of President Abraham Lincoln, who was born on Feb. 12 1809. At 7:30 a.m. on Inauguration Day, Obama Cake will be served at the downtown McDonald's, and a celebration is scheduled for 8 p.m. to midnight Jan. 20 at the Ramada Hotel and Conventi...
Read more