NO WONDER AMERICANS ARE OUT OF WORK OR JOBLESS!

Voting for Elizabeth Dole for US Senator, for Governor – Pat McCrory, Lt. Governor-Robert Pittenger, Attorney General – Bob Crumley, Com. of Ag.- Steve Troxler, Superintindent of Public Instruction – Richard Morgan, NC State Senate District 29 – Jerry Tillman.

As we approach the termination of the worst U.S. presidency in our history, we, the common people of this once great nation, apologize for the crimes the Bush administration has perpetrated on the world. We ask for your forgiveness, as we step towards the brink of electing a true patriot who holds dear the ideals that America once stood for. With Barack Obama as our new leader, we once again have hope for regaining the role of America as the beacon of justice in a peace-hungry world.

We apologize for invading other countries.
We apologize for our role in global warming.
We apologize for advocating torture and preemptive war.
We apologize for abandoning the Geneva Conventions.
We apologize for spying on people.
We apologize for economic coercion.
We apologize for alienating our fellow citizens of the world.

We sincerely hope that the new president will usher in an era of peace and understanding.
Thank you for your patience over the past 8 years, and God bless you.

This was an endorsement by the editorial board of the Charlotte Observer, whose job it is to have an opinion and write about it, not the Charlotte Observer as a whole. McCrory was also endorsed by the Winston Salem Journal and Greensboro News and Record. They did a very good job of presenting Bev Perdue’s qualifications as well, they simply stated they though McCrory was a better choice.

From the campaign of Christopher Cole, Libertarian for US Senate 704-605-5905

If a Wall Street investor walked up to the average American, and asked him to pick up the tab for his thousand-dollar hotel bill, that American would probably ask to share whatever that investor has been smoking. Yet, our government has done that for every man, woman, and child in America.

With the Federal buyouts of Fannie Mae, Freddie Mac, and AIG, the Republican president and Democrat Congress have transferred $3 trillion of debt from Wall Street, banks, and insurance companies to the American taxpayer. That is a thousand dollars for each of us (not even considering interest), on top of the $9.2 trillion “we” already owed, thanks to our government. Yet, mysteriuosly, that largesse was never stated quite that way. Libertarian Senate nominee Christopher Cole is the only candidate candidate with the courage to call a waddling debt a duck.

And what’s worse is that the transfer isn’t finished: our generous politicians are offering the credit of taxpayers to pay for bad debt piled up by our banks. Does anyone remember politicians back in 2006 running on a campaign of welfare for bankers? Only Libertarian Cole pledges, “Read my lips: no new buyouts!”

And there’s even a step of worseness after that: the buyout of AIG is from the Federal Reserve, not the Federal Treasury. The big open secret is that Federal Reserve checks aren’t drawn on any account; they represent money created out of thin air. That means $85 billion will be added to the money supply, creating an additional ripple of inflation, a hidden tax whenever we buy groceries, pay our doctors, or buy school supplies for our children. Does anyone remember a politician telling us that? Cole heard the quacking.

In spite of the hype, Libertarian Christopher Cole warns of three longterm consequences to the buyouts, on top of the added debt burden:
First, the inflationary effect of Federal Reserve cash infusions;
Second, by preventing the bankruptcy of poorly-run corporations, the buyouts preserve non-performing assets that would have been transferred to more-efficient, self-supporting buyers. That will result in lower economic growth, slower job creation, and stunted income growth;
Third, it creates a sense of security, whether realistic or not, that businesses will be rescued from the consequences of bad business decisions. This will increase risky loans and investments, not reduce them.

That is why Libertarian Christopher Cole opposes these buyouts, as well as all forms of corporate welfare. American taxpayers should never be on the hook for the profits of businessmen.

For additional information, Cole recommends this article from the Ludwig von Mises Istitute, an economics thinktank:
http://mises.org/story/3111

–
Christopher Cole
Libertarian nominee, US Senate
Huntersville, NC
http://www.lpnc.org/2008/us_senate.php
http://www.votesmart.org/bio.php?can_id=12999

“The left has a massive agenda for the state at home, and
yet complains bitterly, with shock and dismay, that the
same tools are used to start wars and build imperial
structures abroad. The right claims to want to restrain
government at home (at least in some ways) while whooping
it up for war and global reconstruction abroad.”
– Llewellyn Rockwell