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No Oversight On Bailout - ALIPAC Sees Change For Worse

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William Gheen, President of ALIPAC has written a column on what this bailout means to our system of government and the American People. He has also done some comparison to help you understand what $1 trillion dollars amounts to. Gheen sees this bailout of US companies as an unprecedented attack on the sovereignty of our nation and says that it should require an actual amendment to the Constitution.

No Amnesty for Illegal Aliens or Wall Street Gangsters!

the Congress does not have the power to transfer this much power to the Executive Branch, without amending the Constitution. This bailout of Wall Street robber barons is a massive restructuring or our government and financial systems that should not be made without modifying the Constitution.

This move will change the entire power relationship between the Congress and the Executive Branch, as well as the power relationship between American citizens and our government. To give governmental powers and obligations to financial institutions over our populace is clearly outside of the realm of the Constitution.

Even more scary is parts of the bailout bill that state that there will be no oversight, no reprecussions if the money is wasted and squandered and that we are to just give over $1 trillion dollars of US taxpayer money to be handed out willy-nilly. Specifically is Section 8 wherein it states "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

Basically what this states is that if the Secretary wanted to - and he could get his agency to initially agree, say with bribes of giving them each some of the dough - he could take the money and put it in his personal bank account. There's no way you can sue him or bring him to court and he could even tell those who agreed to screw off later and not give them their share, they couldn't sue him... It really is that powerful of a statement. non-reviewable and may not be reviewed by any court of law or any administrative agency.

The reality is that these people are untrustworthy and incompetent. I honestly believe that this is George Bush's last payout to all the business leaders who supported him throughout the years.

If you stand by apathetically and watch the Bush administration establish a new level of unprecedented power for the Executive Branch this week, while raiding you, your nation, and your grand children of Billions because of an announced crisis, then you are practicing the same sucker mentality that got us deeper into this mess.

... we have a President with approval ratings in the low 20 percentiles rushing out to ask a Congress with a 9% approval rating to give them unprecedented powers, amnesty from oversight and court prosecutions, and another 700 Billion dollars guaranteed by the taxpayers and the full force of the American government to extract that money and interest from us all.

Yes, you have no say once this passes, so you better speak out before it does if you're concerned.

Gheen also does a comparison of what programs in the past have cost us... this is just mind-boggling...

(Adjusted values into 2008 dollars)

Minimum 2008 Bailout: 1 Trillion Dollars

Vietnam War: $596,200,000,000.00 (596.2 Billion)
Korean War: $405,200,000,000.00 (405.2 Billion)
World War 1 (US Costs) 328,292,421,030 (328.3 Billion)
Space Shuttle Program: (162.6 Billion)
Apollo Space Program: 151,400,000,000.00 (151.4 Billion)

That's right... this bailout, which starts at $1 trillion - and includes doling out money to foreign banks as well - could pay for 6 space shuttle programs... that includes starting from scratch with the design work, all of the manufacturing, flight testing and running the missions as we have done for the past 28 years.

Vietnam and the Korean war combined don't even add up to $1 trillion... think of all of the expenses and years in those two conflicts... doesn't even reach the starting numbers.

How about the border fence? We could build 625 double layer border fences along the whole of the southern border... but then the open border lunatics would just reply "but they'd just bring 625, 30 foot ladders to climb them all"...

Really, you need to call and voice your opposition.

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Posted by Digger on September 24, 2008 07:38 PM (Permalink)

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William Gheen is right on with his analyses and we the people have got to stand up and say NO, NO more, you have screwed us and scared the American people for the last time.

On top of all of this they are forcing "We the People" (taxpayers) to spend $346 billion dollars a year to finance their illegal alien cheap labor. Think about it that is over 1 Trillion dollars every three years.
Here's a thought, count to 1 trillion (1 number a second) it will take you 387 years to get to 1 trillion...that's right, we are talking a lot of money folks and they are cramming all of these expenses down our throat regardless of what we want.
The Bail out and illegal immigration has to STOP, we must force them to listen to us before we witness the total destruction of our constitution, standard of living, and above all else our country...fight back NOW! fight for your country, don't stand back and hand it over to Corporate America and crooked politicians!

Posted by: SOSAFORUS on September 25, 2008 01:44 PM

William Gheen is on target with his concerns about the bailout. ALIPAC.us has been warning Americans about governmental lapses for a long time now and their site is a treasure trove of information. Parts of the bailout are unconstitutional, and there is no assurance that the citizen, instead of the vampire fat cat, will be benefitted.

Posted by: Bart on September 25, 2008 05:57 PM

William Gheen is right. First many politicians tried to get amnesty for illegals and now they want amnesty for Wall Street. Our government keeps proving over and over again who they work for and it isn't the citizens, it's the ones who give them money. Heard today the approval rate for the prez and Congress has declined even lower. Well, duh! As for ALIPAC.us I have found it a great place to keep up on the news from various sources, not just the lamestream media spin. Keep up the good work Digger and William Gheen!

Posted by: lin on September 25, 2008 06:17 PM

ALIPAC is a great site for information and action alerts. We especially need to get our voices/votes heard for the upcoming elections.

Ditto, thank you digger and William Gheen... :-)

Posted by: fedup on September 25, 2008 06:44 PM

Thanks for standing up for the American people!!! The insanity needs to STOP!!! It is time for we the people to be listened to. Keep up the good work William and Digger! :-)

Posted by: April on September 25, 2008 06:57 PM

William Gheen of ALIPAC is dead on with this issue. No way should we bail out corporations and a corporation that isn't even American owned (AIG). We need to support the American people if there is any bailout and not put this nation in greater peril. Let AIG go under and that will tech them if they start again that they need to pay careful attention to their assets. NO BAILOUT! NO WAY!

Posted by: TJ on September 25, 2008 07:41 PM

Mr.Gheen's assessment of the situation is spot on. Lets see, they want us to believe they can manage the money and are trying to convince us that we the tax payer will actually make a profit on the deal. HA HA HA HA HA can you say Social Security, Medicare, Fannie May, Freddie Mac, Immigration, Welfare, The IRS and of course lets not forget that huge money maker the US Postal Service. The clowns in Washington aren't qualified to manage the cash flow from a bubble gum machine much less this huge bail out. Flush, Flush, Flush Congress because that is where they belong in the toilet with the rest of the poo poo.

Posted by: Bulldogger on September 25, 2008 08:36 PM

Mr.Gheen has hit this nail on the head. In order for capitalism to work, we NEED to let bad businesses fail. I don't recall anybody asking my opinion about giving out money like it was unlimited, why should I have to pay for their dumb mistakes. Yes, failing to bail out these losers in the short term may make the economy worse, but in the long run, bailing them out will be the end of the US as a free society.

I agree this is Amnesty for corporations. I am against all amnesty. I oppose Amnesty for illegal aliens and Amnesty for corporations. How many of us, when we make bad business decisions, get bailed out? Bailing out foreign banks also? this is absolute lunacy in its purest form.

Posted by: cayla99 on September 26, 2008 09:04 AM

We the people are the only ones who can stop the maddness, but we just don't do it. We get mad and then march to the polls and re-elect our Congressman/Senator because the problem can't be our rep-it's yours. WRONG-they all need to go, we need to elect all new and keep doing so in each election. It should not be a job for life-it's public service.

Posted by: Arlene on October 5, 2008 08:49 AM

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The Dark Side Of Illegal Immigration
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Immigration Stance
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Find out how your members of Congress voted on immigration issues.

The Dark Side Of Illegal Immigration
Read the free 28 part report The Dark Side of
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Includes facts, figures
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