The tensions in the Middle East are far too complex for most Americans to comprehend. What is happening in Israel and Gaza today will be written in our next generation's history books. Who they blame will depend on where Read more
Max Keiser explains how America has accepted “failure to be rewarded” by allowing our reckless banks to get bailouts in order to save themselves. It’s interesting how he uses an analogy about baseball. When you get 3 strikes you’re out! It’s scary that Americans didn’t stop congress and say “wait a minute, there has to be a better way!” What kind of message does that send?
Now there were certainly an assortment of reasons for the 2008 crash including the homeowners who bought houses that they really couldn’t afford but we can’t just reward the 1% banks without rewarding the rest of us. It was a scary time for the public especially having to listen to the media spread a lot of fear explaining that we needed to bailout the banks or else the economic system would collapse. No one will ever know know. What if we let the banks fail and allow some of the smaller responsible banks to buy pieces at a great deal. It may have been painful but maybe we would be healthier and on the road to prosperity by now.
This is an interesting video of Senator Bernie Sanders releasing his anger in congress about the corruption that led to the 2008 crash. Whether you’re left or right, it doesn’t really matter. The fact is that most Americans probably feel the same way and THAT is enough to start asking ourselves how we can fix the system that has failed us. He mentions the unemployment rate is higher than we’re told in the media and that certain rules were loosened after banks had paid off (lobbied) the politicians. Probably the most important rule was called the Glass-Steagal Act of 1933 which basically said that regular banks like Chase and Citigroup are not allowed to gamble with your money. It was repealed (taken away) under the Clinton administration in 1999. Most people we have talked to wonder why both republicans and democrats would ever take this law away, yet it has never come back regardless of which party is in power.
At least that’s what this congressman is saying. What happens when a Republican Congressman tells Conservative Activists that fighting for the Constitution is a losing battle? Watch the fireworks as Unite In Action’s Director of Legal Affairs KrisAnne Hall and 912 Project National Co-Chair, Unite In Action President, Stephani Scruggs respond.
This took place at The National Republican Club of Capitol Hill, commonly known as the Capitol Hill Club, in Washington DC on June 28th, 2012 with Michelle Bachmann, Rep Gosar and several other members of congress as well as The Tea Party.Net. with syndicated talk show host Rusty Humphries as the MC. It was broadcast on LiveStream by The Tea Party.Net