Correspondence with Congress
"Spitting in the Wind"
After I heard about the economic stimulus package, I called Representative Mike Simpson's office to tell him that the stimulus package won't work because the problems in our economy are structural. You can't fix a sagging foundation by hanging new curtains.
The following is the letter I
received from Congressman Simpson's office. Below
that, you'll find my response. I haven't decided yet
whether to send it. Trying to communicate with
Congress is like trying to spit in the wind. And
besides I'm having an increasingly difficult time containing
my disgust for the lies coming from Washington DC. The
institution of Congress deserves respect even though the
majority of members do not. However, as I think about
it, members of Congress don't even read their mail, so
actually I'm just corresponding with a staffer - and
probably a low level staffer at that. I'll have to
think about this.
Thank you for contacting me regarding the state of our economy. I appreciate hearing from you and having the opportunity to respond.
Over the past four years, the U.S. economy has experienced unprecedented growth and extremely low unemployment. However, there is concern that the high-paced growth our economy has enjoyed over the past several years is beginning to slow, and Americans are starting to feel the effects of high inflation resulting from the low value of the dollar and the high cost of gasoline and other international commodities.
While there are many factors which lead to slow economic growth, many economists agree that our current economic state is due largely to the collapse of the housing bubble and the effects of the increases in foreclosures by individuals who borrowed at subprime rates. In response to this economic slowdown, on January 29, 2008, the House of Representatives passed H.R. 5140, the Recovery Rebates and Economic Stimulus for the American People Act of 2008. Among other things, this legislation provides tax rebates for low- and middle-income Americans who earned at least $3,000 in 2007.
A good economic stimulus package should not only provide adequate support to our economy in the short term but also promote long-term economic growth. A successful stimulus package should focus on giving small businesses—which employ half of all private sector workers in this country and make up 97 percent of all U.S. exports—the tools to create new jobs and grow our economy. In addition, Congress must take action to provide more stability in the housing market while assisting first-time homebuyers in purchasing their homes. While I recognize the value of the provisions included in H.R. 5140, I am concerned that this legislation will not adequately address the specific issues facing our economy.
H.R. 5140 is currently under consideration by the U.S. Senate. You can be confident that I will carefully monitor the changes made to this legislation by the Senate and will keep your thoughts in mind when the final stimulus package comes before me. The American economy is extraordinarily resilient, and in the coming weeks and months I will continue to support economic policies that will have a positive effect on our economy.
Once again, thank you for taking the time to contact me about this issue. As your representative in Congress, it is important to me to know your thoughts and opinions about issues affecting our nation today. I also encourage you to visit my website, www.house.gov/simpson, to sign up for my e-newsletter and to read more about my views on a variety of issues.
Member of Congress
My response to Congressman
Dear Congressman Simpson:
Thank you for responding to my concern regarding the folly of the economic stimulus package. It was disappointing to say the least. It shows a complete lack of understanding of the structural problems in the economy, the economic warfare that is being waged against the American people, and the nature of the economic fraud that is being perpetrated by both foreign and domestic financial institutions as well as by this administration. Economists have replaced used car salesman in the hierarchical list of credible professionals. And I’ll let you guess where the members of Congress sit on the list.
I’ll try to make this very simple for you. In the 1990’s George H.W. Bush redefined foreign policy to be economic policy. He also put U.S. assets up for sale - see E.O. 12803. He negotiated the NAFTA agreement - including NAFTA Chapter 11. It was signed during the Clinton Administration. Clinton, not to be outdone in the economic treason against the American people, then promoted and the Congress passed the WTO agreement which included ‘Trade in Services’ and trade preferences for ‘developing countries’. ‘Services’ means people and jobs. Our country has been hemorrhaging jobs ever since - the same way that it has been hemorrhaging manufacturing. In fact, around 2004, the Bush Administration stopped producing the Mass Layoffs report - for obvious reasons.
In September 2004, Treasury Secretary John Snow gave a speech to the National Press Club. In that speech, he revealed that in 2000, the equity markets collapsed and it took $7 TRILLION out of the economy. In October of 2004, there was a House Budget Committee hearing in which it was revealed that tax revenues were at their lowest point since 1950. The only thing that kept the government going was a deal with the multinationals in 2005 for the repatriation of billions of dollars of offshore profits at a 5% tax rate.
Back up again to the 1990’s and the Clinton - Gore reinvention of government. ‘Reinvention’ is a code word for privatization - meaning the dismantling of the U.S. government - especially as it pertains to government information systems - the systems that produce the economic reports telling you that the economy is booming - when in fact, just the opposite is true.In 2004, Catherine Austin-Fitts in a radio interview with Jim Puplava said the following regarding Clinton’s “economic policies and planning”:
…And of course as you know, and it's clear from your website, that the debt has gone not just the consumer debt has gone up-up-up, but the mortgage debt has gone up-up-up. And now, that load is just increasing every year, and meantime we are accelerating moving all the jobs and income abroad.
Now, when you move all your income abroad, and you leave your growing debt at home, it doesn't take long to understand what's going to happen to a Fannie Mae or Freddie Mac or a Ginnie Mae. At some point the growing debt has got to get serviced, and the question is how?
You can flood the country with immigrants who can buy up real estate that you finance at the bottom, but at some point something's got to give in the middle. I mean, if you shrink and collapse the middle class, they're going to default on their mortgages.
They knew that our high value knowledge jobs would be exported to Asia when they signed onto the agreement with ‘Trade in Services’ provision. This was a torpedo to our economy. The financing of the housing market - creating the bubble was a cover for the fraud because the traditional view of housing starts is that is represented the health of the economy. High housing starts, booming economy.
In your letter, you say that 97% of U.S. exports are from American small businesses - implying this is a healthy sign. Considering the fact that our current account deficit is nearly a TRILLION dollars a year, it’s almost laughable that you would try to use a percentage value that is high to mask what is a critically serious and most obvious indicator of U.S. economic decline. With this kind of structural economic problem, the only economy that will be stimulated by the few hundred dollars of rebate is the COMMUNIST Chinese economy - and they are using the money for military buildup as well as the economic warfare that they are waging against us - aided and abetted by traitors within our own government.Laissez-Faire capitalism always brings about Fascism - or perhaps Fascism brings about Laissez-Faire capitalism. Either way, Fascism brings about the economic collapse of the host. There is no other outcome possible than the full and complete collapse of the United States if we stay on this economic course. The economic stimulus package is a band-aid on a cut to the jugular. It won't work.
Once again, thank you for taking the time to respond to me about this issue. As a constituent and citizen of the United States, it is important to me to know that you hear constituent concerns over the rushing sounds of the torrential flows of corporate and foreign money flooding into our nation's capital today. I also encourage you to visit my website, www.channelingreality.com to read more about my views on a variety of issues.
February 8, 2008