A reaction from my friend Laurette, an ordinary citizen who’s paying attention

Nov. 20, 2008

Laurette C.

The main article is at the bottom of this page and at the top is my comment on Bush handing over our economy to the European Union.

I suspected that Bush was a globalist at his 2005 inauguration. I became sure of it when he wanted to legalize millions of illegals. Then with all the talk of the American Union of Mexico, Canada, and the US.

Here are some excerpt from his 2005 inauguration speech.

“And all the allies of the United States can know: we honor your friendship, we rely on your counsel, and we depend on your help. Division among free nations is a primary goal of freedom’s enemies. The concerted effort of free nations to promote democracy is a prelude to our enemies’ defeat.”

[I thought each nation was to be divided from other nations. Like a dividing line on borders. Like having a division of languages. Like having a division of currency. Each nation should have it's own borders, money, language, laws, lawmakers, armies, flags, and national song among other things.]

“In America’s ideal of freedom, citizens find the dignity and security of economic independence, instead of laboring on the edge of subsistence. This is the broader definition of liberty that motivated the Homestead Act, the Social Security Act, and the G.I. Bill of Rights. And now we will extend this vision by reforming great institutions to serve the needs of our time. To give every American a stake in the promise and future of our country, we will bring the highest standards to our schools, and build an ownership society. We will widen the ownership of homes and businesses, retirement savings and health insurance – preparing our people for the challenges of life in a free society. By making every citizen an agent of his or her own destiny, we will give our fellow Americans greater freedom from want and fear, and make our society more prosperous and just and equal.”

[Well, it looks like that ideal of widening home ownership has come to fruition. I just hope that what they created with the home mortgage debacle won't put the rest of our homes in jeopardy.]
[ Equal???? Is that a code word for socialism???? ]

[The Homestead Act has been blamed for contributing to the dust bowl.]

“In America’s ideal of freedom, the public interest depends on private character – on integrity, and tolerance toward others, and the rule of conscience in our own lives. Self-government relies, in the end, on the governing of the self. That edifice of character is built in families, supported by communities with standards, and sustained in our national life by the truths of Sinai, the Sermon on the Mount, the words of the Koran, and the varied faiths of our people. …”

[You know, I'm starting to hate that word tolerance.
What the _____ !!!!! ??? Truths of the words of the Koran??????? You've got to be kidding me??????? The Koran does not have the truth in it. Sorry. No way. The koran teaches that Americans are dogs and worthy of death. Excuse me. Why would a president, who claims to be Christian, say the koran has true words???? ]

http://www.whitehouse.gov/inaugural/

Laurette

Bush Hands Over Reins of U.S. Economy to EU

Wednesday, November 19, 2008 2:28 PM

By: Dick Morris & Eileen McGann

The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy.
In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in total, to the Western European model of socialism, stagnation, and excessive government regulation.

Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merging with the Europeans is like a partnership with death.
At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary. Bush agreed to create a College of Supervisors.

According to The Washington Post, it would “examine the books of major financial institutions that operate across national borders so regulators could begin to have a more complete picture of banks’ operations.”
Their scrutiny would extend to hedge funds and to various “exotic” financial instruments. The International Monetary Fund (IMF), a European-dominated operation, would conduct “regular vigorous reviews” of American financial institutions and practices.

The European-dominated College of Supervisors would also weigh in on issues like executive compensation and investment practices.

There is nothing wrong with the substance of this regulation.

Experience is showing it is needed. But it is very wrong to delegate these powers to unelected, international institutions with no political accountability.

We have a Securities and Exchange Commission appointed by the president and confirmed by the Senate, both of whom are elected by the American people. It is with the SEC, the Treasury, and the Federal Reserve that financial accountability must take place.

The European Union achieved this massive subrogation of American sovereignty the way it usually does, by negotiation, gradual bureaucratic encroachment, and without asking the voters if they approve.

What’s more, Bush appears to have gone down without a fight, saving his debating time for arguing against the protectionism that France’s Nicolas Sarkozy was pushing.

By giving Bush a seeming victory on a moratorium against protectionism for one year, Sarkozy was able to slip over his massive scheme for taking over the supervision of the U.S. economy.

All kinds of political agendas are advancing under the cover of responding to the global financial crisis.
Where Franklin Roosevelt saved capitalism by regulating it, Bush, to say nothing of Obama, has given the government control over our major financial and insurance institutions. And it isn’t even our government!
The power has now been transferred to the international community, led by the socialists in the European Union.

Will Obama govern from the left? He doesn’t have to.

George W. Bush has done all the heavy lifting for him. It was under Bush that the government basically took over as the chief stockholder of our financial institutions and under Bush that we ceded our financial controls to the European Union.

In doing so, he has done nothing to preserve what differentiates the vibrant American economy from those dying economies in Europe.

Why have 80 percent of the jobs that have been created since 1980 in the industrialized world been created in the United States? How has America managed to retain its leading 24 percent share of global manufacturing even in the face of the Chinese surge?

How has the U.S. GDP risen so high that it essentially equals that of the European Union, whose population is 50 percent greater?

It has done so by an absence of stifling regulation, a liberation of capital to flow to innovative businesses, low taxes, and by a low level of unionization that has given business the flexibility to grow and prosper.
Europe, stagnated by taxation and regulation, has grown by a pittance while we have roared ahead. But now Bush – not Obama – Bush has given that all up and caved in to European socialists.

The Bush legacy? European socialism. Who needs enemies with friends like Bush?
© 2008 Dick Morris & Eileen McGann