Forum Post: Kucinich again with us
Posted 13 years ago on Oct. 7, 2011, 1:34 a.m. EST by Kooch
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Red herring - when I first heard he was for abolishing the Federal Reserve, I was impressed. However he wants to turn it over to the U.S. Treasury Department, which sounds good, but it's under the executive branch.
The executive branch is already way too powerful and doesn't uphold the Constitution (the wars, for one).
No go on this way to End the Fed. It's a trap.
I agree that it should not be under the treasury and that that is the flaw in his bill. However, I think it would get changed before becoming law. The rest of the bill is good. I think Kucinich may feel reluctant to say we need a whole new branch of government to run the money system, but that is what we need--transparent, and accountable to voters (and the Supreme Court if they break laws or screw up really bad).
I'm sick of new branches of government.
How about state banks, competing currencies, and giving the power to coin money back to the states?
The states are the only entities that have to balance their budgets! Why do you think the Euro is in so much trouble now?
Why should we pay interest to a private banking cabal to use our own currency?
Centralized private banks are evil.
Jackson knew this. Lincoln knew this. JFK knew this.
The same guy who bankrupted the city he was mayor of?
Nice role model.
No. he didn't. That is propaganda. Shut the hell up.
so the default on the municipal debt that is well documented was just a hoax?
Sorry dude, I didn't mean to ruin your argument with facts.
But the propaganda is that Kucinich did that alone. Like that wasn't where they'd been heading for years. Pssshhhhh.....
he was the cog in the wheel that created most of the problems, he's a spender just like every other nut case people elect into office.
you're cheering a man who willingly took his municipality into default... not a man i'd ever ever ever ever want as a role model for anything or anyone.
Uh, OK--YOU take on the mafia and do better. PsssssSSSHHHHHH!
only losers blame others for their problems
The city was already headed toward bankruptcy when Kucinich took office, and financial advisers were telling him to sell the city-owned electric company to stave it off. He refused this power play and the banks called in the city's loans, triggering bankruptcy. But the utility remains public, and, according to a study by Cleveland magazine, the utility's low rates saved customers about $195 million over the past 10 years. In fact, he got back into Congress in 2002 campaigning on the success of his effort to keep that utility.
Washington D.C. (October 4, 2011) -- Congressman Dennis Kucinich (D-OH) today released the following video and statement in support of the protestors on Wall Street and around the country who have identified themselves with the hashtag #OccupyWallStreet:
"To the young men and women who are braving the overreaction of local authorities to raise their voices against the corruption and manipulation of our nation that emanates from Wall Street: I say to you that your presence is making a difference. You are exercising the right every American holds most dear, the right of freedom of expression, and with that expression you are finally getting the attention of the nation.
"Wall Street banks got billion dollar bailouts but the American people get austerity. Fourteen million Americans are out of work. 50 million people don't have health insurance and a million people a year lose their homes to foreclosure. Our policies take the wealth of the nation and accelerate it into the hands of the few.
"We need a government of the people and for the people. We need a financial system that is of the people and for the people. It is time we take our nation back and take our monetary system back from the big banks.
"I recently introduced H.R. 2990, the National Emergency Employment Defense Act, to put the Federal Reserve under the Treasury, to end the practice of fractional reserve banking and to take control of our monetary policy and make sure it works for the people.
"We can use our Constitutional authority to coin money and spend it into circulation to put millions of Americans back to work in a way that is noninflationary. The time for bold change is now.
"We are the American people. Our dream of freedom and prosperity is too big to fail."
thumb up for that one!