Saturday, August 1, 2009

MIKE IOANE BEING TARGETED BY THE IRS

If you thought that was interesting. What about this. I am really enjoying researching the IRS.What do you think about Mike Ioane and Ron Paul. They say if you are a backer of Ron Paul you are targeted. Mike Ioane contributed to his campaign is he targeted?Now Ron Paul is targeting the Federal Reserve. Judge Andrew Napolitano: Now, to our continuing series in examining the Federal Reserve. Last week, Federal Reserve Chairman Ben Bernanke, in an effort to head off Congressman Ron Paul’s bill to audit the Fed, a bill that now has 277 co-sponsors in the House of Representatives alone, and in an effort to make himself appear human and understanding, actually held a 75-minute town hall meeting. This was produced and broadcast by PBS, thus paid for by your tax dollars, and was taped at the Fed’s branch bank in Kansas City. We did not learn anything new, except that Chairman Bernanke is not the expert on the Great Depression that he claims to be.Now I know that he taught at Princeton. Most of you know that I’m a graduate of Princeton. I’m awfully also deeply grateful to my guardian angel that his failure to understand the lessons of history did not rub off on you or on me. Listen to this, he told his public TV listeners that the one thing he most wants is not to preside over a second Great Depression.Ben Bernanke: I was not going to be the Federal Reserve chairman who presided over the second Great Depression. For that reason, I had to hold my nose and stop those firms from failing. I am as disgusted about this as you.Judge Andrew Napolitano: One would think he does not know what he’s talking about. The Great Depression was great, not because of the depth of the unemployment or the magnitude of shareholder or investor loss, it was great because of the duration of the depression. The Fed at the time, the Congress, FDR and a cowed Supreme Court set the country on a course to centralized control of the economy, which brought rationing of goods, artificial interest rates, minimum wages that shut business down, and the confiscation of gold. When they saw how bad they made the bubble burst from the twenties, they manuevered us into a war and that brought on more rationing and the draft. It was not until the guys returned home from the war that a free market was unleashed and the depression ended 16 years after it started. Some people never learn. Today, as you’ll hear soon, the Fed lends money to foreign central banks and doesn’t know or even care what they do with it. Today the Fed wants to regulate every mom-and-pop shop in the land as well as all the banks and any businesses that it thinks might adversely affect liquidity. It wants higher minimum wages, artificial interest rates and no transparency. It wants to end the problem caused by too much borrowing and spending by employing more borrowing and spending. Einstein once said, “Don’t expect the people who caused a problem to solve it.” But that’s what the Fed and its wistful, historically illiterate chairman wants us to do. It’s always my pleasure to introduce one of America’s great defenders of freedom and liberty in Congress and anywhere today, Congressman Ron Paul joins us from our nation’s capital. Congressman Paul, as always, welcome back to Freedom Watch. Ron Paul: Thank you very much, Judge. Good to be here.Judge Andrew Napolitano: Thank you. I guess Chairman Bernanke is feeling the heat. I guess he’s really concerned that HR 1207, which will require a public audit of the Fed might actually become law and in an effort to put on a human face and in an effort to show an understanding of our situation, went on public television for 75 minutes to tell us something we already knew. What do you think? Is the IRS targeting Mike Ioane – How can they attack Mike Ioane?

No comments: