Practice truth in packaging

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I propose a truth-in-legislation bill to be titled the Motherhood and Apple Pie Act.

The title has nothing to do with the bill – which is the point! But who would dare to vote against motherhood and/or apple pie? The bill would require the title of a law passed by Congress and signed by the president to reflect the actual requirements in the law. Consider:

• Sarbanes-Oxley: Public Company Accounting Reform and Investor Protection Act. Note: The federal government does not use generally accepted accounting practices, and Politburo members may trade assets based on insider trading. Why so quiet, Martha Stewart? What was the Securities and Exchange Commission for?

• Obamacare: Patient Protection and Affordable Care Act. Note: It doesn’t protect patients, nor is it affordable.

• Dodd-Frank: Wall Street Reform and Consumer Protection Act. Note: Congressmen Chris Dodd and Barney Frank were the foxes guarding the chicken coop!

Each of these increases Politburo control over areas in which government had enacted legislation, which caused more harm than good.

The Federal Reserve System was created in 1913 to control monetary policy to:

• maximize employment – but unemployment averaged more than 17 percent under FDR and 9 percent under Obama;

• maintain stable prices – but an item costing $1 in 1913 now costs $23, a 2,199.6 percent increase;

• moderate long-term interest rates – but they rose to more than 18 percent under Carter, creating bubbles for the Internet, housing, Wall Street and the auto industry under Congress and the Fed under chairmen Alan Greenspan and Ben Bernanke.

How is that going for everyone? The reason that price and rent controls do not work is that millions of buyers and sellers set prices in the free-market economy, and the Politburo can control only thousands with their centralized-planning four-year plans. That control seems to help “friends” rather than the American people. Rent controls create slumlords who have no incentive to maintain properties. New York City, anyone?

Chuck Tatum

North Augusta, S.C.

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Techfan
6461
Points
Techfan 03/26/12 - 12:32 am
1
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Henry Ford made news by

Henry Ford made news by paying his workers $5 a day in 1914.
$5 divided by 8 = .625 cents per hour.
Current average salary worker $17.3 per hour.
That equals a 2,690% increase.

allhans
23546
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allhans 03/26/12 - 09:14 am
2
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In 1914 , you were fortunate

In 1914 , you were fortunate to have a job, same as today.

dichotomy
32168
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dichotomy 03/26/12 - 10:10 am
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Every law that is passed by

Every law that is passed by our various governments has a cost....usually a huge cost. And all costs are always paid by the middle class. When they regulate, tax, and penalize industries and corporations it all gets passed right on down to us. So when you look around and wonder why prices keep going up, free checking accounts are going away, and the jobs keep going overseas.....thank your government for all of that "protection".

peace4784
115
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peace4784 03/26/12 - 03:18 pm
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The bible says laws are made
Unpublished

The bible says laws are made for the lawless. Governments are forced to pass laws because greedy capitalist cheat and exploit workers and ungodly religious folk refuse to do what is right toward their neighbor. Dichotomy is just a conservative, Rush Limbaugh repeater. There are DUI laws because conservatives and hypocritical church folk like to make a profit manufacturing alcohol and encourage humans to drink, drive, and endanger other sober drivers. Labor laws where enacted because greedy capitalist were exploiting workers, including children. Anti- Slavery laws were enacted because lazy protestent church folk imported slaves to do their manual labor. Thats called the protestent work ethic, enslave humans to do protestent's dirty work. Look in the mirror and blame your hypocritical selves before you cast blame on the government. The only reason Limbaugh and the other conservative wind bags are popular is because their listeners are in denial and refuse to think for themselves.

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