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	<title>TowneForCongress.com &#124; Jake Towne for US Congress, PA-15 &#187; corporatism</title>
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		<title>TowneForCongress.com | Jake Towne for US Congress, PA-15 &#187; corporatism</title>
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		<title>The Economy in Pictures</title>
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		<pubDate>Sat, 30 Oct 2010 16:57:04 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Economy]]></category>
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		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>&#8220;Truth persists and illuminates, even if there is no one to utter it.&#8220; Government is not the solution; rather, it is causing the problems.  The below slides (view at Scribd) highlight the economic situation, updated from August and May presentation.  I&#8217;ve written about the solutions to the unemployment problem, the deficit, Social Security, and the [...]]]></description>
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<p><strong>&#8220;Truth persists and illuminates, even if there is no one to utter it.</strong><strong>&#8220;</strong></p>
<p style="text-align: justify;">Government is not the solution; rather, it is causing the problems.  The  below slides (<a href="http://www.scribd.com/doc/40491890/Jake-Towne-for-US-Congress-PA-15-Economy-in-Pictures-OCT-2010" target="_blank">view at Scribd</a>) highlight the economic situation, updated from <a href="http://towneforcongress.com/economy/the-economy-in-pictures-2/" target="_blank">August</a> and <a href="http://towneforcongress.com/economy/the-economy-in-pictures/" target="_blank">May</a> presentation.   I&#8217;ve written about the solutions to the unemployment problem, the   deficit, Social Security, and the high costs of health care which are   linked below.  Thanks to Lee Trembley for providing some of the research and slides.</p>
<p style="text-align: justify;">A giant land mine is about to go off in the United States, and those responsible walk the halls of our nation&#8217;s highest political offices and the Federal Reserve.  I know how to cushion the people from most of the damage.  I have the courage to explain reality to the Republocrats, that is why I am running for Congress.  And it is certainly not all gloom and doom &#8211; there is a very bright future for America if we just return to what made our country great &#8211; individual liberties, sound money, <a href="http://towneforcongress.com/platform-issues/our-open-office-plank/" target="_blank">accountability</a> and the rule of law.</p>
<p style="text-align: justify;">I humbly ask for your vote on November 2nd to stop the endless debt and perpetual wars.</p>
<p>For Liberty and the Constitution,</p>
<p>Jake Towne</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/def.jpg"><img class="alignnone size-full wp-image-3950" title="def" src="http://TowneForCongress.com/wp-content/uploads/2010/10/def.jpg" alt="" width="573" height="457" /></a></p>
<p style="text-align: justify;"><strong><em>Will the real national debt please stand up?</em> </strong>The  national debt published in the papers and online &#8211; which is closely  tied to the USTreasury  market  is now over $13.6 trillion.  Current  government plans include  massive  deficit spending through 2013, and  the government&#8217;s optimistic   projections of a return to &#8220;normalcy&#8221;  after 2013 are not anchored in reality.  <a href="http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200" target="_blank">Source of budget data</a>.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/7.jpg"><img title="7" src="http://TowneForCongress.com/wp-content/uploads/2010/08/7.jpg" alt="" width="549" height="458" /></a></p>
<p style="text-align: justify;">However,  the true national debt is hidden by the cash-based accounting  method  government uses.  The true national debt is over $120 trillion  when GAAP  (Generally Acceptable Accounting Principles) are used to    identify <strong>future </strong>taxation sources and <strong>future </strong>debts  such as  Social Security and Medicare.  That&#8217;s around $400,000 for every  man,  woman, and child in the country.  Massive reductions in spending  and  taxation are necessary if America is to regain its financial   sovereignty, my proposals are <a href="../economy/talk-on-monetary-policy-to-cc-upper-perkiomen-valley-for-small-government-1/" target="_blank">outlined here</a> and in &#8220;<a href="../economy/guns-or-health-care-1">Guns or Health Care?</a>&#8220;</p>
<p style="text-align: justify;">As seen in <a href="http://gao.gov/financial/fy2009/09frusg.pdf" target="_blank">the official USTreasury report</a> on page 178/254, the total unfunded liabilities for Medicare and Social    Security is a jaw-dropping $107 trillion over the future of these    programs.  While I predict the Democrats may bear the brunt of the blame    for the collapse of Medicare, one <span style="text-decoration: underline;"><strong>must not forget</strong></span> that it was the    <em><span style="text-decoration: underline;"><strong>Republican&#8217;s</strong></span></em> massive expansion of Part D&#8217;s prescription drug plan under  Bush that   severely worsened Medicare&#8217;s fiscal situation.  While the  situation in Medicare will continue to worsen under the new  healthcare legislation &#8211; some of my proposals to maintain Social  Security are outlined in &#8220;<a href="http://towneforcongress.com/economy/social-security-or-insecurity/" target="_blank">Social Security or Insecurity?</a>&#8220;</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/jobs.jpg"><img class="alignnone size-full wp-image-3951" title="jobs" src="http://TowneForCongress.com/wp-content/uploads/2010/10/jobs.jpg" alt="" width="635" height="427" /></a></p>
<p style="text-align: justify;"><strong>“<em>He   has erected a multitude of New Offices, and sent hither swarms of   Officers to harass our People, and eat out their substance.</em>”</strong> – Declaration of Independence, 1776</p>
<p style="text-align: justify;">The  quote above from the Declaration is far more true in 2010 than it was in  1776.   Not counting the millions of government contractors, the  government&#8217;s Republocrat-controlled work force is currently <a href="ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt">22.1 million bureaucrats</a>.   This is America&#8217;s largest single job sector, and remember, the taxpayer  bears the full cost to keep these bureaucrats employed.  Like something  out of an Orwell novel, <a href="http://projects.washingtonpost.com/top-secret-america/articles/" target="_blank">the Washington Post estimates</a> 854,000 bureaucrats are employed to spy on and keep tabs on the rest of us and the world.  <a href="http://www.cartoonistgroup.com/properties/wpwg.php?id=92&amp;today=2010-07-21" target="_blank">Lisa Benson&#8217;s cartoon says it all</a>.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/Salary.jpg"><img title="Salary" src="http://TowneForCongress.com/wp-content/uploads/2010/08/Salary.jpg" alt="" width="558" height="418" /></a></p>
<p style="text-align: justify;">Keep in mind bureaucrats make <a href="../jakes-bio/salary-benefits-term-limits">nearly twice</a> the average wage of the private sector, and have better benefits.  My solutions?  First, lead by example.  <a href="http://towneforcongress.com/jakes-bio/salary-benefits-term-limits/" target="_blank">I will refuse</a> the elite congressional pension and healthcare plans when elected, and  keep just the median income for a salary and donate the rest of the  $116,000 to local non-profit hospitals.  Second, I favor either a temporary income tax holiday, or simply halting the income tax on the median income, <a href="http://towneforcongress.com/platform-issues/income-tax/" target="_blank">which will abolish the income tax</a> for about 50% of the population and only result in a 3% drop in the taxes collected by the income tax.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/food.jpg"><img class="alignnone size-full wp-image-3952" title="food" src="http://TowneForCongress.com/wp-content/uploads/2010/10/food.jpg" alt="" width="604" height="442" /></a></p>
<p style="text-align: justify;">Next, notice about 1 in 7 Americans is on food stamps, or 41.8 million people.  <a href="http://www.fns.usda.gov/pd/34SNAPmonthly.htm">USDA link here</a>.    Note the strong rise in number of SNAP food stamp recipients during  the  past year.  One would expect to see this number dropping or even   flat-lining &#8211; along with employment rising &#8211; if a recovery were   underway.  The annual projected cost is now $67 billion, paid for by the  ever-diminishing work force.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/bls.jpg"><img class="alignnone size-full wp-image-3953" title="bls" src="http://TowneForCongress.com/wp-content/uploads/2010/10/bls.jpg" alt="" width="631" height="441" /></a></p>
<p style="text-align: justify;"><em><strong>No jobs, no recovery.</strong></em> <a href="http://www.bls.gov/news.release/empsit.t15.htm">BLS link here</a>.    Note that while the &#8220;newspaper&#8221; unemployment rate is still 9-10%, the  U-6  figure &#8211; which more accurately describes total unemployment is 16% &#8211;  a  depression statistic.  <a href="http://www.bloomberg.com/news/2010-08-04/u-s-consumer-bankruptcy-filings-rose-9-percent-in-july-from-previous-year.html" target="_blank">An estimated 1.6 million</a> will file for bankruptcy this year.   I&#8217;ve described the common sense  solutions to end  the rampant unemployment created by the government  almost overnight in <a href="../platform-issues/jobs">the campaign&#8217;s Jobs plank</a>.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/umemp.jpg"><img class="alignnone size-full wp-image-3954" title="umemp" src="http://TowneForCongress.com/wp-content/uploads/2010/10/umemp.jpg" alt="" width="578" height="427" /></a></p>
<p style="text-align: justify;">Since the BLS drops off workers from its U-6 figure, the real unemployment rate is likely greater than 17%.  <a href="http://www.shadowstats.com/alternate_data">Shadowstats estimates</a> the rate at about 22%.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/HousingStartsJuneLong.jpg"><img title="HousingStartsJuneLong" src="http://TowneForCongress.com/wp-content/uploads/2010/08/HousingStartsJuneLong.jpg" alt="" width="633" height="463" /></a></p>
<p style="text-align: justify;">The number of new housing starts <a href="http://www.calculatedriskblog.com/2010/07/housing-starts-decline-in-june.html" target="_blank">has reached</a> a 5-decade low, while <a href="http://money.cnn.com/2010/02/23/real_estate/underwater_rates_rise/">about 25%</a> of all residential mortgages are underwater.  Note that in prior  recession cycles, a quick rebound occurred while this depression looks  more like a dead cat bounce.  This is because&#8230;.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/frb.jpg"><img class="alignnone size-full wp-image-3955" title="frb" src="http://TowneForCongress.com/wp-content/uploads/2010/10/frb.jpg" alt="" width="637" height="460" /></a></p>
<p style="text-align: justify;"><a href="http://towneforcongress.com/platform-issues/federal-reserve/" target="_blank">The Federal Reserve</a> bailed out the bankers and Freddie Mac and Fannie Mae.  The above is built from <a href="http://www.federalreserve.gov/releases/h41/current/">the Federal Reserve H.4.1 data here</a>.    The black line is the total (reported) balance sheet of the FED, which   has more than doubled since the time of the Banker Bailout.  While the   original TARP bailout (not shown) accounted for much of the initial   sharp increase, most of the debt has been replaced by $1.12 <strong><em>trillion </em></strong>of mortgage-backed securities (the yellow line).</p>
<p style="text-align: justify;"><strong>This graph shows the nationalization and propping of America&#8217;s entire residential housing industry.</strong> The yellow and green lines show the cumulative totals of USTreasury and   USAgency debt held by the FED.  While the Federal Reserve has admitted   it will take losses on the MBS debt, the question remains as to how  much  and when.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/9.jpg"><img title="9" src="http://TowneForCongress.com/wp-content/uploads/2010/08/9.jpg" alt="" width="513" height="376" /></a></p>
<p style="text-align: justify;">The   purchasing power of the dollar has lost well over 94% since FDR took   America off the classical gold standard in 1933 through monetary   inflation.  The monetary inflation is caused by the Federal Reserve.   They debase  the dollar by creating more and more irredeemable paper  dollars, which is of increasing concern<a href="http://towneforcongress.com/economy/chinese-devalues-us-treasury-bonds/" target="_blank"> since China has stopped buying</a> Treasury debt.  A major reason why healthcare now appears so expensive is this money-printing, as I highlighted in my article &#8220;<a href="http://towneforcongress.com/economy/health-care-solutions/" target="_blank">Health Care Solutions</a>.&#8221;  Graph  provided by Bloomberg Financial, 2009.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/10yr-gold.jpg"><img class="alignnone size-full wp-image-3956" title="10yr gold" src="http://TowneForCongress.com/wp-content/uploads/2010/10/10yr-gold.jpg" alt="" width="520" height="318" /></a></p>
<p style="text-align: justify;">The relentless rise in the paper gold price from 2000-2010 is not due to any special circumstance with gold &#8211; nor is it a bubble yet &#8211; it is solely due to the money-printing and credit expansions of the world&#8217;s central banks.  Gold is insurance against the failure of unbacked paper currencies, and this is why all central banks &#8211; and more and more individuals worldwide &#8211; hold gold reserves.  I&#8217;ve written extensively on <a href="http://towneforcongress.com/platform-issues/federal-reserve/" target="_blank">the Federal Reserve</a> and <a href="http://towneforcongress.com/platform-issues/sound-money-and-jobs/" target="_blank">how sound money effects jobs here</a>.</p>
<p style="text-align: justify;">Now, where do the government and bankers spend a good portion of this currency they created from thin air?  In a word, <em><span style="text-decoration: underline;"><strong>WAR</strong></span></em>.  The United States spends more on military expenditures than the rest of the world <span style="text-decoration: underline;"><strong>combined</strong></span>, and the military-industrial-congressional complex <a href="http://www.americanrhetoric.com/speeches/dwightdeisenhowerfarewell.html" target="_blank">that Eisenhower warned about</a> now serves as the world&#8217;s largest arms dealers.  Check out <a href="http://www.youtube.com/watch?v=m3Z7Jgid32o" target="_blank">this movie clip</a> from &#8220;The International&#8221; on debt and control. (<a href="http://towneforcongress.com/economy/guns-or-health-care/" target="_blank">Graph source and data here</a>)  There are far better solutions to capturing the criminals who attacked America on 9/11 which I write about in my <a href="http://towneforcongress.com/platform-issues/afghanistan-war/" target="_blank">Afghanistan War plank</a>.</p>
<p style="text-align: justify;"><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="207" height="170" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/m3Z7Jgid32o" /><embed type="application/x-shockwave-flash" width="207" height="170" src="http://www.youtube.com/v/m3Z7Jgid32o"></embed></object> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="207" height="171" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/-GV3X7EOOUM" /><embed type="application/x-shockwave-flash" width="207" height="171" src="http://www.youtube.com/v/-GV3X7EOOUM"></embed></object> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="209" height="172" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/nZvBMaw_aZA" /><embed type="application/x-shockwave-flash" width="209" height="172" src="http://www.youtube.com/v/nZvBMaw_aZA"></embed></object></p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/Defense1.jpg"><img class="alignnone size-full wp-image-3957" title="Defense" src="http://TowneForCongress.com/wp-content/uploads/2010/10/Defense1.jpg" alt="" width="557" height="417" /></a></p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/FDIC-for-ppt.jpg"><img title="FDIC for ppt" src="http://TowneForCongress.com/wp-content/uploads/2010/08/FDIC-for-ppt.jpg" alt="" width="487" height="345" /></a></p>
<p style="text-align: justify;">To cap off the situation with the dollar, the <a href="http://www2.fdic.gov/qbp/2010mar/qbp.pdf">latest quarterly banking profile</a> from the FDIC state the deposit insurance fund (DIF) is bankrupt.    While consumers at failed banks still receive &#8220;insured&#8221; funds, the   losses are presumably filled in with dollars from the FED, as <a href="../economy/fdic-we-arent-bankrupt-and-everything-is-a-ok">reported last here</a>.  The current FDIC &#8220;watch list&#8221; rose to 775 banks, or almost 10% of all FDIC-insured banks in the US per p. 3/26.</p>
<p style="text-align: justify;"><strong><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/9.21.gif"><img class="alignright size-full wp-image-3958" style="margin: 10px;" title="9.2" src="http://TowneForCongress.com/wp-content/uploads/2010/10/9.21.gif" alt="" width="325" height="212" /></a>CAUTION: LAND MINES</strong></p>
<p style="text-align: justify;">In  summary, do not expect a recovery until the Republocrat ruling elite are  removed from power or are forced to address the problems the rest of  society faces.  As the extravagant $5 million <a href="http://www.dailyrecord.co.uk/news/uk-world-news/2010/08/02/chelsea-clinton-marries-in-3m-sunset-wedding-ceremony-86908-22457929/" target="_blank">Bill Clinton wedding</a> under heavy security &#8211; possibly paid for by the taxpayer &#8211; and $7 million John Kerry yacht (<a href="http://www.bostonherald.com/track/inside_track/view.bg?articleid=1269698" target="_blank">and avoidance of &gt;$500,000 in taxes</a>) demonstrate, the elite are not exactly suffering.</p>
<p style="text-align: justify;">The &#8220;Great Recession&#8221; still has a firm grip on the economy, and the situation continues to deteriorate, now matter what cherry-picked news is shared in the mainstream media.   Sadly, the truth is the situation in America will not improve until the   government removes its jackboots from the throat of the economy.    Ceasing all special privileges to special groups would help as well.</p>
<p>That Freedom Shall Not Perish,</p>
<p><strong>TOWNE FOR CONGRESS</strong></p>
<h1><a href="http://pleasecontribute.com/3392"><img title="Contribute Now" src="http://www.donationpages.com/dpImages/buttonContriNowWithCC.gif" border="0" alt="Contribute Now" width="170" height="36" /></a> <a href="../lots-more/article-archives">Article Archives </a></h1>
<p>As those who have been following the campaign are aware, my independent candidacy <a href="http://towneforcongress.com/media/express-times-mr-towne-should-go-to-washington/" target="_blank">was recently endorsed</a> by a major local newspaper, the Express Times, and I destroyed my opponents in the debates, the last one <a href="http://towneforcongress.com/events/debate-at-the-state-towne-claims-victory/" target="_blank">you can watch here</a> or 8 pm this evening on Channel 69 WFMZ-TV.  Momentum is all on the campaign&#8217;s side, and anyone in the area is encouraged to spread <a href="http://www.scribd.com/doc/39475871/Jake-Towne-Issues-Flyer-Oct-2010" target="_blank">this issues flyer</a>.</p>
<p>I&#8217;d like to conclude with a quote on youth <a href="http://www.scribd.com/doc/29152132/Youth-from-Youth-and-Life-by-Randolph-Bourne" target="_blank">by Randolph Bourne</a>, which explains why the younger generation has to step forward to converse with the older generations.</p>
<p style="padding-left: 30px; text-align: justify;">&#8220;<strong>Youth is the incarnation of reason pitted against  the rigidity of tradition</strong>; youth puts the remorseless questions to  everything that is old and established – Why? What is this thing good  for? And <strong>when it gets the mumbled, evasive answers of&#8230;&#8230;   the defenders it applies its own fresh, clean spirit of reason to  institutions, customs and ideas and finding them stupid, inane or  poisonous, turns instinctively to overthrow them and build in their  place the things with which its visions teem</strong>. . . .</p>
<p style="padding-left: 30px;">&#8220;Youth is the  leaven that keeps all these questioning, testing attitudes fermenting in  the world. If it were not for this troublesome activity of youth, with  its hatred of sophisms and glosses, its insistence on things as they  are, society would die from sheer decay. <strong>It is the policy of the older  generation as it gets adjusted to the world to hide away the unpleasant  things where it can, or preserve a conspiracy of silence and an  elaborate pretense that they do not exist.</strong> But meanwhile the sores go on  festering just the same. Youth is the drastic antiseptic. . . . It  drags skeletons from closets and insists that they be explained. No  wonder the older generation fears and distrusts the younger. Youth is  the avenging Nemesis on its trail. . . .</p>
<p style="padding-left: 30px;">&#8220;Our elders are always  optimistic in their views of the present, pessimistic in their views of  the future; youth is pessimistic toward the present and gloriously  hopeful for the future. And it is this hope which is the lever of  progress – one might say, the only lever of progress. . . .</p>
<p style="padding-left: 30px;">&#8220;The  secret of life is then that this fine youthful spirit shall never be  lost. Out of the turbulence of youth should come this fine precipitate –  a sane, strong, aggressive spirit of daring and doing. It must be a  flexible, growing spirit, with a hospitality to new ideas and a keen  insight into experience. <strong>To keep one’s reactions warm and true is to  have found the secret of perpetual youth</strong>, and perpetual youth is  salvation.&#8221;</p>
<p style="text-align: justify;">Lastly, a grassroots supporter sent this in to commemorate the campaign&#8217;s upcoming victory on November 2nd.  I have a dream as well, thanks to Arianne Elinich for the use of her song.</p>
<p style="text-align: justify;"><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="350" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/xCqseXGkiPo" /><embed type="application/x-shockwave-flash" width="425" height="350" src="http://www.youtube.com/v/xCqseXGkiPo"></embed></object></p>
<p style="text-align: justify;">
<p><a style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;" title="View Jake Towne for US Congress PA-15 - Economy in Pictures (OCT 2010) on Scribd" href="http://www.scribd.com/doc/40491890/Jake-Towne-for-US-Congress-PA-15-Economy-in-Pictures-OCT-2010">Jake Towne for US Congress PA-15 &#8211; Economy in Pictures (OCT 2010)</a> <object id="doc_543701216045556" style="outline: none;" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="100%" height="600" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="name" value="doc_543701216045556" /><param name="data" value="http://d1.scribdassets.com/ScribdViewer.swf" /><param name="wmode" value="opaque" /><param name="bgcolor" value="#ffffff" /><param name="allowFullScreen" value="true" /><param name="allowScriptAccess" value="always" /><param name="FlashVars" value="document_id=40491890&amp;access_key=key-2bhw5fwfkungcsbrxr5p&amp;page=1&amp;viewMode=slideshow" /><param name="src" value="http://d1.scribdassets.com/ScribdViewer.swf" /><param name="allowfullscreen" value="true" /><param name="flashvars" value="document_id=40491890&amp;access_key=key-2bhw5fwfkungcsbrxr5p&amp;page=1&amp;viewMode=slideshow" /><embed id="doc_543701216045556" style="outline: none;" type="application/x-shockwave-flash" width="100%" height="600" src="http://d1.scribdassets.com/ScribdViewer.swf" flashvars="document_id=40491890&amp;access_key=key-2bhw5fwfkungcsbrxr5p&amp;page=1&amp;viewMode=slideshow" allowscriptaccess="always" allowfullscreen="true" bgcolor="#ffffff" wmode="opaque" data="http://d1.scribdassets.com/ScribdViewer.swf" name="doc_543701216045556"></embed></object></p>
<p style="text-align: justify;">Upcoming Events</p>
<ul>
<li><strong>Rally to Restore Sanity</strong>, 12 PM- 4 PM on Saturday, October 30 at Porter’s Pub, 700 Northampton St., Easton, PA 18036.  <a href="http://www.mapquest.com/maps?city=Easton&amp;state=PA&amp;address=700+Northampton+St&amp;zipcode=18042-4228&amp;country=US&amp;latitude=40.690781&amp;longitude=-75.218308&amp;geocode=ADDRESS">MAP</a>.     The Comedy Central march in DC will be televised from 12-3 pm and  Jake  will be  taking questions from 3-4 pm.  This is not a campaign   sponsored event.</li>
<li><strong>Slatington-Walnutport </strong><strong>Halloween Parade</strong>:   5:30 p.m.  Oct. 30. Help hand out flyers before the parade begins!!    Contact the  campaign at 610-392-8156 or towneforcongress@gmail.com for   meetup  details.</li>
<li><strong>Replay of “Debate at the State”</strong>, 8 PM on Saturday, October 30 on WFMZ Channel 69.</li>
</ul>
<ul>
<li><strong>Easton-Phillipsburg </strong><strong>Halloween Parade</strong>:   12:30 p.m. Oct.  31. Help hand out flyers before the parade begins!!    Contact the  campaign at 610-392-8156 or towneforcongress@gmail.com for   meetup  details.</li>
<li><strong>Allentown </strong><strong>Halloween Parade</strong>:  1  p.m. Oct. 31. Help hand  out flyers before the parade begins!!   Contact  the campaign at  610-392-8156 or towneforcongress@gmail.com for  meetup  details.</li>
<li><strong>Bethlehem </strong><strong>Halloween Parade</strong>:  1  p.m. Oct. 31. Help hand  out flyers before the parade begins!!   Contact  the campaign at  610-392-8156 or towneforcongress@gmail.com for  meetup  details.</li>
</ul>
<ul>
<li><strong>NOVEMBER 2nd ELECTION DAY!!</strong> Volunteers are needed to hand out literature outside of local polling stations, <a href="../media/events/events/events-2/" target="_blank">please volunteer here</a> and share your name, phone #, city, and if you live in the district, your current polling location.
<ul>
<li><strong>Post-Election Victory Party </strong>for all volunteers and supporters at 8 PM on Election Day at Pies On Pizzeria at Front and Pine Streets, Catasauqua!!!!</li>
</ul>
</li>
</ul>


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		<title>Debate at the State &#8211; Towne Claims Victory</title>
		<link>http://towneforcongress.com/events/debate-at-the-state-towne-claims-victory/</link>
		<comments>http://towneforcongress.com/events/debate-at-the-state-towne-claims-victory/#comments</comments>
		<pubDate>Tue, 26 Oct 2010 23:00:33 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[15th congressional district]]></category>
		<category><![CDATA[afghanistan]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Charlie Dent]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[Congressional salaries]]></category>
		<category><![CDATA[constitution]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[debate]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[easton]]></category>
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		<category><![CDATA[health care]]></category>
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		<category><![CDATA[iraq]]></category>
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		<guid isPermaLink="false">http://towneforcongress.com/?p=3909</guid>
		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>Independent congressional candidate Jake Towne claimed a clear victory at the &#8220;Debate at the State&#8221; &#8211; held and co-sponsored by Easton&#8217;s historic and beautiful State Theatre.  The Express Times was the main sponsor, and is commended by the campaign for its commitment to hear all candidates. When Towne challenged Mr. Dent on the constitutionality of [...]]]></description>
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<p style="text-align: justify;">Independent congressional candidate Jake Towne claimed a clear victory at the &#8220;Debate at the State&#8221; &#8211; held and co-sponsored by Easton&#8217;s historic and beautiful State Theatre.  The Express Times was the main sponsor, and is commended by the campaign for its commitment to hear all candidates.</p>
<p style="text-align: justify;">When Towne challenged Mr. Dent on the constitutionality of his support of the War on Terror and the PATRIOT Act&#8217;s civil liberty violations, the incumbent had no coherent response and the 20-year career politician pitifully resorted to accusing Towne as believing in 9/11 conspiracies, <a href="http://towneforcongress.com/platform-issues/afghanistan-war/" target="_blank">a complete and utter lie</a>.  Towne also challenged Mr. Callahan on <em><strong>HIS</strong></em> unflagging support of the unconstitutional War on Terror and endless nation-building.</p>
<p style="text-align: justify;">Towne&#8217;s closing statement was met with by far the most applause, which is quite significant since most of the crowd were not previous supporters and were converted by the debate.  While the Republocrat candidates were busy with negative mudslinging, Towne focused on offering solutions to the problems the country faces.</p>
<p style="text-align: justify;">The debate will air on Saturday, October 30th on WFMZ-TV, Channel 69.   Watch <a href="http://www.youtube.com/view_play_list?p=9BF83709BD6E8E4F" target="_blank">footage from the Express Times Debate below</a>, and also from <a href="http://towneforcongress.com/events/money-bomb-today-and-wfmz-debate-footage/" target="_blank">the previous WFMZ debate here</a>.  (<a href="http://media.lehighvalleylive.com/elections_impact/photo/state-theatre-debate-560427ac57fed2e4.jpg" target="_blank">Photo</a> courtesy Sue Beyer/Express Times)</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="314" height="252" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/p/9BF83709BD6E8E4F?hl=en_US&amp;fs=1" /><param name="allowfullscreen" value="true" /><embed type="application/x-shockwave-flash" width="314" height="252" src="http://www.youtube.com/p/9BF83709BD6E8E4F?hl=en_US&amp;fs=1" allowscriptaccess="always" allowfullscreen="true"></embed></object> <a href="http://TowneForCongress.com/wp-content/uploads/2010/10/state-theatre-debate-560427ac57fed2e41.jpg"><img class="alignright size-medium wp-image-3911" title="state-theatre-debate-560427ac57fed2e4" src="http://TowneForCongress.com/wp-content/uploads/2010/10/state-theatre-debate-560427ac57fed2e41-300x199.jpg" alt="" width="288" height="191" /></a></p>
<p style="text-align: justify;">Closing statement from Jake Towne (<a href="http://www.youtube.com/watch?v=7yv2ShyuNWM" target="_blank">below left</a>)  Towne questioning the constitutionality of Mr. Dent&#8217;s support of the undeclared wars and PATRIOT Act. (<a href="http://www.youtube.com/watch?v=-GV3X7EOOUM" target="_blank">below right</a>)</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="311" height="255" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/7yv2ShyuNWM" /><embed type="application/x-shockwave-flash" width="311" height="255" src="http://www.youtube.com/v/7yv2ShyuNWM"></embed></object> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="311" height="256" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/-GV3X7EOOUM" /><embed type="application/x-shockwave-flash" width="311" height="256" src="http://www.youtube.com/v/-GV3X7EOOUM"></embed></object></p>
<p style="text-align: justify;">Towne asking Mr. Callahan to pledge to take a paycut and give up the congressional perks.  When Mr. Callahan first attempted to dodge the question, snickering from the crowd led him to address the question&#8230; and say he would think it over.  (<a href="http://www.youtube.com/watch?v=bq-gOIm_v2o" target="_blank">below left</a>)  Towne asking Mr. Callahan why he supports the endless and unconstitutional War on Terror and nation-building.  (<a href="http://www.youtube.com/watch?v=nZvBMaw_aZA" target="_blank">below right</a>)</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="307" height="253" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/bq-gOIm_v2o" /><embed type="application/x-shockwave-flash" width="307" height="253" src="http://www.youtube.com/v/bq-gOIm_v2o"></embed></object> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="307" height="253" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/nZvBMaw_aZA" /><embed type="application/x-shockwave-flash" width="307" height="253" src="http://www.youtube.com/v/nZvBMaw_aZA"></embed></object></p>
<p style="text-align: justify;">To Towne&#8217;s delight, Mr. Callahan asked him a question on the federal department of education.  (<a href="http://www.youtube.com/watch?v=WtXnRenAySQ" target="_blank">Below left</a>)  Towne outlines his stance to repeal &#8220;Don&#8217;t Ask, Don&#8217;t Tell&#8221; and highlights the contrast on bailouts.  (<a href="http://www.youtube.com/watch?v=mRL46snoNaQ" target="_blank">Below right</a>)</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="304" height="250" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/WtXnRenAySQ" /><embed type="application/x-shockwave-flash" width="304" height="250" src="http://www.youtube.com/v/WtXnRenAySQ"></embed></object> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="304" height="250" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/mRL46snoNaQ" /><embed type="application/x-shockwave-flash" width="304" height="250" src="http://www.youtube.com/v/mRL46snoNaQ"></embed></object></p>
<p style="text-align: justify;">Jake takes a moment to state his stance on Cap and Trade and highlighted hydraulic fracturing as the key environmental risk to the district.  Read his <a href="http://towneforcongress.com/economy/solutions-with-hydraulic-fracturing/" target="_blank">solutions with hydraulic fracturing here</a>.  (<a href="http://www.youtube.com/watch?v=OflUNUgnk3Y" target="_blank">Below left</a>)  All candidates share their stances on jobs.  See <a href="http://towneforcongress.com/platform-issues/jobs/" target="_blank">Jake&#8217;s plank here</a>.  (<a href="http://www.youtube.com/watch?v=UHOAWF2X-5o" target="_blank">Below right</a>)</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="303" height="249" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/OflUNUgnk3Y" /><embed type="application/x-shockwave-flash" width="303" height="249" src="http://www.youtube.com/v/OflUNUgnk3Y"></embed></object> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="301" height="250" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/UHOAWF2X-5o" /><embed type="application/x-shockwave-flash" width="301" height="250" src="http://www.youtube.com/v/UHOAWF2X-5o"></embed></object></p>
<p style="text-align: justify;">All candidates are asked a question about troop withdrawal.  Only Towne answers the question while Mr. Dent and Mr. Callahan mudsling at the expense of our veterans.  Only Towne has published a <a href="http://towneforcongress.com/platform-issues/our-veterans/" target="_blank">veterans plank</a>.  (<a href="http://www.youtube.com/watch?v=NhyVDRmUvv8" target="_blank">Below left</a>)  Towne answers a question on healthcare. (<a href="http://www.youtube.com/watch?v=mReKtVYAlx0" target="_blank">Below right</a>)</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="302" height="248" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/NhyVDRmUvv8" /><embed type="application/x-shockwave-flash" width="302" height="248" src="http://www.youtube.com/v/NhyVDRmUvv8"></embed></object> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="299" height="247" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/mReKtVYAlx0" /><embed type="application/x-shockwave-flash" width="299" height="247" src="http://www.youtube.com/v/mReKtVYAlx0"></embed></object></p>
<p style="text-align: justify;">Lastly, all candidates are asked a question about negative campaigning.  True to form, Mr. Callahan and Mr. Dent answer by mudslinging, while Jake responds by saying, “I think you see so much negative campaigning because they have no new ideas.”  Jake outlines his &#8220;<a href="http://towneforcongress.com/platform-issues/our-open-office-plank" target="_blank">Our Open Office</a>&#8221; idea.  (<a href="http://www.youtube.com/watch?v=-u8gFJ2-Rkk" target="_blank">video</a>)</p>
<p style="text-align: justify;"><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="350" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/-u8gFJ2-Rkk" /><embed type="application/x-shockwave-flash" width="425" height="350" src="http://www.youtube.com/v/-u8gFJ2-Rkk"></embed></object></p>


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		<title>Money Bomb Today!!  And WFMZ Debate Footage!</title>
		<link>http://towneforcongress.com/events/money-bomb-today-and-wfmz-debate-footage/</link>
		<comments>http://towneforcongress.com/events/money-bomb-today-and-wfmz-debate-footage/#comments</comments>
		<pubDate>Thu, 14 Oct 2010 14:08:05 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[15th congressional district]]></category>
		<category><![CDATA[afghanistan]]></category>
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		<category><![CDATA[Charlie Dent]]></category>
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		<category><![CDATA[constitution]]></category>
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		<guid isPermaLink="false">http://towneforcongress.com/?p=3864</guid>
		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>The campaign has an urgent need to raise another $4,000 to pay for TV ads in the final couple weeks prior to the election. Watch the ad here or below! Please consider donating as for some very affordable rates we can get the message out to key demographics. The schedule of ads will be published [...]]]></description>
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		<img src="http://TowneForCongress.com/wp-content/uploads/2010/10/debate-pic.jpg" width="240" />
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<p style="text-align: justify;">The campaign has an urgent need to raise another $4,000 to pay for TV ads in the final couple weeks prior to the election. <a href="http://www.youtube.com/watch?v=VBHjDIwNKdg" target="_blank">Watch the ad here or below!</a></p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/debate-pic1.jpg"><img class="alignright size-medium wp-image-3866" style="margin: 10px;" title="debate pic" src="http://TowneForCongress.com/wp-content/uploads/2010/10/debate-pic1-300x178.jpg" alt="" width="222" height="131" /></a>Please consider donating as for some very affordable rates we can get the message out to key demographics.  The schedule of ads will be published when available, and I expect everyone will be quite pleased with the number of spots, times and channels the campaign can air with such a limited budget.</p>
<p style="text-align: justify;">Donors giving at least $100 will receive a hardbound copy of Henry Hazlitt&#8217;s timeless <a href="http://fee.org/library/books/economics-in-one-lesson/" target="_blank">Economics in One Lesson</a> as a thank-you gift (please allow up to 4 weeks for delivery).  After another 10 copies, I will have to substitute a hardbound copy of &#8220;<a href="http://mises.org/books/whathasgovernmentdone.pdf" target="_blank">What Has the Government Done to our Money?</a>&#8221; as our Hazlitt copies are going quick!</p>
<p style="text-align: justify;">Last month, the campaign raised $2,200 for radio ads during a money bomb, and carefully spent over $6,000.  As a result, just about everyone who listens to the radio in the area has heard the ad.</p>
<p style="text-align: justify;">“<strong>Know ye not, Who would be free, themselves must strike the blow?</strong>” – Lord Byron</p>
<p><script src="http://www.donationpages.com/donationpages/contributeWidget.asp?guidRegn=5C5C565D"></script> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="350" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/VBHjDIwNKdg" /><embed type="application/x-shockwave-flash" width="425" height="350" src="http://www.youtube.com/v/VBHjDIwNKdg"></embed></object></p>
<p>Debate footage from last night, <a href="http://www.youtube.com/view_play_list?p=F8E4376C11F2C2C8" target="_blank">a YouTube playlist</a>, then<a href="http://www.wfmz.com/lehighvalleynews/25385200/detail.html" target="_blank"> from WFMZ&#8217;s website</a>! <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="453" height="363" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/p/F8E4376C11F2C2C8?hl=en_US&amp;fs=1" /><param name="allowfullscreen" value="true" /><embed type="application/x-shockwave-flash" width="453" height="363" src="http://www.youtube.com/p/F8E4376C11F2C2C8?hl=en_US&amp;fs=1" allowscriptaccess="always" allowfullscreen="true"></embed></object> <script src="http://wfmz.img.entriq.net/dayportcore/dpm/DayPortPlayers.js" type="text/javascript"></script><script type="text/javascript">// <![CDATA[
DayPortPlayer.newPlayer({articleID:"1472785",playerInstanceID:"2D432216-276E-E3D1-E0A5-35304935F371",domain:"wfmz.dayport.com"});
// ]]&gt;</script><br />
And don&#8217;t miss &#8220;<a href="http://www.youtube.com/watch?v=ZpNvIoOQnzA" target="_blank">Interview with Two Zombies!!</a>&#8221;</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="350" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/ZpNvIoOQnzA" /><embed type="application/x-shockwave-flash" width="425" height="350" src="http://www.youtube.com/v/ZpNvIoOQnzA"></embed></object></p>


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		<title>New TV Ad and Televised Debate Tomorrow!!</title>
		<link>http://towneforcongress.com/events/new-tv-ad-and-televised-debate-tomorrow/</link>
		<comments>http://towneforcongress.com/events/new-tv-ad-and-televised-debate-tomorrow/#comments</comments>
		<pubDate>Wed, 13 Oct 2010 01:54:36 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[15th congressional district]]></category>
		<category><![CDATA[congress]]></category>
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		<category><![CDATA[jake towne]]></category>
		<category><![CDATA[pennsylvania]]></category>
		<category><![CDATA[Republocrat]]></category>
		<category><![CDATA[tv ad]]></category>

		<guid isPermaLink="false">http://towneforcongress.com/?p=3852</guid>
		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>Wednesday evening at 8 PM EST on WFMZ-TV Channel 69 will be a live debate between myself and my two career politician opponents, Mr. Dent and Mr. Callahan!!  Tune it to watch as it should be a fun time showing the audience how inept the Republocrats are! Track record so far: First Debate &#8211; A [...]]]></description>
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<p>Wednesday evening at 8 PM EST on WFMZ-TV Channel 69 will be a live  debate between myself and my two career politician opponents, Mr. Dent  and Mr. Callahan!!  Tune it to watch as it should be a fun <img src="http://gallery.mailchimp.com/5d2fd99f8ef62b48a5d199af9/images/jt_logo_rwb_2_28_10.gif" border="0" alt="" hspace="10px" vspace="10px" width="161" height="161" align="right" />time showing the audience how inept the Republocrats are!<br />
Track record so far:</p>
<ul>
<li><strong>First Debate</strong> &#8211; A clear victory, <a href="../events/victory-at-the-debate-and-two-front-page-articles/">check out the footage here</a></li>
<li><strong>Second Debate</strong> &#8211; Dent and Callahan don&#8217;t show, <a href="../events/winner-by-tko-towne-vs-the-republocrats-round-2/">winner by TKO</a>!</li>
<li><strong>Third Debate &#8211; </strong>Dent and Callahan <a href="../economy/jobs-debt-veterans-and-war-speech/">don&#8217;t show again</a>!</li>
<li><strong>Fourth Debate </strong>- Banned from participating, but I was in the audience</li>
<li><strong>Fifth Debate &#8211; </strong>Wednesday night, 10/13, 8 PM EST live on Channel 69!</li>
<li><strong>Sixth Debate &#8211; </strong>Banned from participating courtesy the Morning Call and PBS-39</li>
</ul>
<p><a href="http://www.youtube.com/watch?v=VBHjDIwNKdg">Here is the campaign&#8217;s new 30-second TV ad!</a> This Thursday, October 14th, the campaign is holding an online money  bomb, all donations will be put towards buying air time!!  <a href="../events/money-bomb-announcement-for-october-14th/">Donate here!!</a></p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="404" height="333" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/VBHjDIwNKdg" /><embed type="application/x-shockwave-flash" width="404" height="333" src="http://www.youtube.com/v/VBHjDIwNKdg"></embed></object></p>
<p>Many thanks to Adam Temple of A.R.T. Productions <a title="http://artproandgraphics.net/" dir="ltr" rel="nofollow" href="http://artproandgraphics.net/" target="_blank">http://artproandgraphics.net/</a> for providing this ad!!!</p>
<p style="text-align: justify;">“<strong>Know ye not, Who would be free, themselves must strike the blow?</strong>” – Lord Byron</p>
<p><script src="http://www.donationpages.com/donationpages/contributeWidget.asp?guidRegn=5C5C565D"></script></p>


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		<title>&#8220;Jobs, Debt, Veterans, and War&#8221; Speech</title>
		<link>http://towneforcongress.com/economy/jobs-debt-veterans-and-war-speech/</link>
		<comments>http://towneforcongress.com/economy/jobs-debt-veterans-and-war-speech/#comments</comments>
		<pubDate>Wed, 06 Oct 2010 01:34:00 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Foreign Policy]]></category>
		<category><![CDATA[Veterans]]></category>
		<category><![CDATA[Video]]></category>
		<category><![CDATA[15th congressional district]]></category>
		<category><![CDATA[afghanistan]]></category>
		<category><![CDATA[al-qaeda]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Charlie Dent]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[iraq]]></category>
		<category><![CDATA[jake towne]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[john callahan]]></category>
		<category><![CDATA[lehigh valley tea party]]></category>
		<category><![CDATA[lehighton tea party]]></category>
		<category><![CDATA[osama bin laden]]></category>
		<category><![CDATA[speech]]></category>
		<category><![CDATA[terrorism]]></category>
		<category><![CDATA[war]]></category>
		<category><![CDATA[war on terror]]></category>

		<guid isPermaLink="false">http://towneforcongress.com/?p=3819</guid>
		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>&#8220;Know ye not, Who would be free, themselves must strike the blow?&#8221; &#8211; Lord Byron Last night at a local candidates&#8217; night I gave the below speech, though the bracketed paragraphs were cut out due to time limitations.  The event was co-sponsored by the Lehigh Valley Tea Party and Lehighton Tea Party.  My Republocrat competition [...]]]></description>
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<p><!-- 		@page { margin: 0.79in } 		P { margin-bottom: 0.08in } -->&#8220;<strong>Know ye not, Who would be free, themselves must strike the blow?</strong>&#8221; &#8211; Lord Byron</p>
<p style="text-align: justify;">Last night at a local candidates&#8217; night I gave <a href="http://www.youtube.com/watch?v=vUsGK2H8O_E" target="_blank">the below speech</a>, though the bracketed paragraphs were cut out due to time limitations.  The event was co-sponsored by the Lehigh Valley Tea Party and Lehighton Tea Party.  My Republocrat competition &#8211; <a href="http://towneforcongress.com/events/winner-by-tko-towne-vs-the-republocrats-round-2/" target="_blank">for the second event in a row</a> &#8211; failed to show up.</p>
<p style="text-align: justify;"><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="408" height="336" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/vUsGK2H8O_E" /><embed type="application/x-shockwave-flash" width="408" height="336" src="http://www.youtube.com/v/vUsGK2H8O_E"></embed></object> <a href="http://TowneForCongress.com/wp-content/uploads/2010/06/jt-logo-rwb-2-28-10.gif"><img class="alignright size-medium wp-image-2451" title="Jake Towne US Congress logo" src="http://TowneForCongress.com/wp-content/uploads/2010/06/jt-logo-rwb-2-28-10-300x300.gif" alt="Jake Towne US Congress logo" width="165" height="165" /></a></p>
<p><!-- 		@page { margin: 0.79in } 		P { margin-bottom: 0.08in } --></p>
<p style="text-align: justify;">During the past 6 years, the official national debt has nearly doubled from $7.6 to $13.5 trillion.  P<a href="http://towneforcongress.com/economy/the-economy-in-pictures-2/" target="_blank">er the US Treasury</a>, the unfunded liabilities for Social Security and Medicare is $107 trillion dollars, which is nearly $400,000 for every man, woman, and child.  <em><strong>What has the taxpayer gotten in return?</strong></em></p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/rjsphoto_campaign_2010-10-04-076.jpg"><img class="alignright size-medium wp-image-3821" style="margin: 10px;" title="Jake Towne flag" src="http://TowneForCongress.com/wp-content/uploads/2010/10/rjsphoto_campaign_2010-10-04-076-200x300.jpg" alt="" width="177" height="259" /></a>During the past 6 years, the <a href="http://antiwar.com/casualties/" target="_blank">number of service members</a> killed in Afghanistan has risen from 160 to 1,311.</p>
<p style="text-align: justify;"><a href="http://towneforcongress.com/economy/the-economy-in-pictures-2/" target="_blank">During the past 6 years</a>, unemployment locally has doubled from 5 to 10%.  The number of people living on food stamps has increased from 25 to 41 million which is nearly 1 in 8 Americans.</p>
<p style="text-align: justify;">Now over 3 in 4 Americans <a href="http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?id=pr584&amp;sd=9%2f1%2f2010&amp;ed=12%2f31%2f2010&amp;siteid=cbpr&amp;sc_cmp1=cb_pr584_" target="_blank">live paycheck to paycheck</a>, a figure which has about doubled since 2006.  <strong><em>What has the taxpayer gotten in return?</em></strong></p>
<p style="text-align: justify;">We must stop the endless debt.  I have pledged to balance the budget each year, and I have called upon my competitors to join me, and they have chosen to not do so.</p>
<p style="text-align: justify;">I am against taxpayer <a href="http://towneforcongress.com/platform-issues/bailouts-and-corporatism/" target="_blank">bailouts </a>of corporations like the TARP Banker Bailout.  Mr. Dent voted to bailout the bankers, and Mr. Callahan has stated he would&#8217;ve voted <strong>FOR</strong> the bill as well. (<a href="http://towneforcongress.com/economy/who-supports-bailouts-jake-towne-charlie-dent-or-john-callahan/" target="_blank">source</a>)  (Photo courtesy Roger Smith)</p>
<p style="text-align: justify;">The banker bailouts served to benefit the government’s favorite corporations at the expense of every individual in America, costing close to $10,000 per household. By creating more future debt, the government worsens the present situation and places our next generation into unsustainable levels of debt.</p>
<p style="text-align: justify;">Whether it is the military-industrial complex, Big Oil, Big Pharm, Big Ag, or the financial firms who bankroll their career politicians into power, the crony corporatism and revolving door between the government and Wall Street must end.  I am the only candidate to not accept and pledge never to accept, money from corporations and lobbyist groups.</p>
<p style="text-align: justify;"><strong>To create jobs, <a href="http://towneforcongress.com/platform-issues/jobs/" target="_blank">we must first realize</a> that the massive unemployment we have today is purely a creation of the governments&#8217; interventions in the economy.</strong> There is no shortage of work to be done, we must only stop the government&#8217;s harmful interventions in the tax, labor, and regulatory laws.  To do this we must simply ask ourselves one simple question – does this law encourage or discourage employment?  If it discourages employment, then Congress should change or amend the current laws.</p>
<p style="text-align: justify;">While I am for some regulations like reinstating Glass-Steagall and closing loopholes in accounting laws so banks and Wall Street investment firms can no longer pull off accounting tricks, many other wasteful, ineffective regulations like the <a href="http://towneforcongress.com/platform-issues/jobs/" target="_blank">$100 billion dollar-a-year</a> Sarbanes-Oxley Act must be removed since they place American firms at a disadvantage with the rest of the world.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/Salary.jpg"><img class="alignright size-full wp-image-3425" style="margin: 10px;" title="Salary" src="http://TowneForCongress.com/wp-content/uploads/2010/08/Salary.jpg" alt="" width="393" height="293" /></a>To stimulate the economy, we could <a href="http://towneforcongress.com/platform-issues/income-tax/" target="_blank">abolish the income tax</a> for 50% of all Americans and lose less than 3% of all income tax collected or have an income tax holiday for several months.  This is a lot of dollars to help assist individuals, and very little income to the federal government – they increase the national debt by the same few billion just about every day.  It would be easy enough to cut some of the government to pay for this, as well as reduce the salaries of federal workers who make <a href="http://towneforcongress.com/jakes-bio/salary-benefits-term-limits/" target="_blank">an average salary</a> of $71,000, which is about twice the median household income.</p>
<p style="text-align: justify;"><strong>Governments do not create sustainable jobs, only people do</strong>. Government’s role is to preserve individual liberties and a sound business environment by enforcing punishments for fraud, contract violations, theft, and acts of aggression.</p>
<p style="text-align: justify;">Now, the salary of a Congressman is $174,000. How can any voter believe that any candidate will represent them by slashing wasteful government spending if they fail to start with themselves?</p>
<p style="text-align: justify;">That is why I will only accept the district&#8217;s median household income of $58,000. I will donate the remaining $116,000 to local non-profit hospitals to help provide health care to the poor.  I will not enlist in the federal healthcare plan nor the congressional pension plan.</p>
<p style="text-align: justify;">I have called upon Mr. Callahan and Mr. Dent to join me and cut the reckless federal spending by starting with themselves, and they have chosen to not do so.</p>
<p style="text-align: justify;">Our founders clearly realized that all power stems from the <strong>PEOPLE</strong>, from <strong>US</strong>, and all officers of government are <strong>NOT</strong> masters, but <strong>SERVANTS</strong>.  That is why I came up with an accountable and transparent form of open government where all residents will have a public voice to comment on all house floor votes called<a href="http://towneforcongress.com/platform-issues/our-open-office-plank" target="_blank"> Our Open Office</a>.  Unlike the career politicians in power, I will always tell you <strong>WHY</strong> I voted each way, and in that way I will be held accountable to the people.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/09/zombie1.jpg"><img class="size-medium wp-image-3788 alignleft" style="margin: 10px;" title="zombie" src="http://TowneForCongress.com/wp-content/uploads/2010/09/zombie1-300x169.jpg" alt="" width="314" height="176" /></a>Now, Americans are not faced with many good choices between the Republicans or Democrats.  It is more like the Arsenic Party versus the Cyanide Party.  Each party tries to convince you that their Arsenic tastes great, but the other party&#8217;s cyanide will kill you.</p>
<p style="text-align: justify;">The <a href="http://www.youtube.com/watch?v=ZpNvIoOQnzA" target="_blank">two-headed, one-party system</a> that controls the federal government is repeating like a bad record &#8211; “<em><strong>MORE</strong></em> spending, <strong>MORE</strong> taxes, <em><strong>MORE</strong></em> war, <em><strong>MORE</strong></em> debt.”  If you flip the record, all you hear is “<em><strong>LESS</strong></em> liberty, <em><strong>LESS</strong></em> safety, <em><strong>FEWER</strong></em> jobs, <em><strong>LESS</strong></em> prosperity.”</p>
<p style="text-align: justify;">Now I would like to talk for a moment about a group of Americans who write a check for up to and including their lives to defend our country.  Under the US Constitution, Congress has the responsibility to provide healthcare to every veteran for physical or mental trauma sustained while in the military.  Many veterans suffer for their <strong>LIFETIMES</strong> from post-traumatic stress disorder, missing limbs, and brain injuries.</p>
<p style="text-align: justify;">5,735 soldiers <a href="http://antiwar.com/casualties/" target="_blank">have died</a> so far in the Iraq and Afghanistan Wars.  [In Afghanistan, more troops have died under the 2 years of Obama administration than under the 7 years of Republican rule.]  Around 32,000 <a href="http://antiwar.com/casualties/" target="_blank">have been wounded</a> in Iraq alone, and behind each of these casualties are families and loved ones.</p>
<p style="text-align: justify;">Just this weekend I was knocking on doors and a gentleman had to stop talking, all choked up, since his brother was killed in Afghanistan.</p>
<p style="text-align: justify;">Since the War on Terror began in 2001, <a href="http://towneforcongress.com/platform-issues/our-veterans/" target="_blank">the expenditures</a> for the Department of Veterans Affairs have skyrocketed from $48 to $125 billion dollars.  Health care should never be lessened or denied to our veterans, but there are ways to cut costs and improve care at the same time.</p>
<p style="text-align: justify;">For instance, most veterans are required to travel to far-away VA hospitals to obtain treatment and medicine in facilities that are very sub-par. In fact, rural heath initiatives to treat vets who live far from cities for the 2010 alone <a href="http://towneforcongress.com/platform-issues/our-veterans/" target="_blank">increased by over</a> 600% to nearly a half billion dollars!  Instead of requiring these veterans to go to the relatively few VA hospitals, they should be free to go to <strong>ANY</strong> existing hospital and a doctor of their choosing for treatment.</p>
<p style="text-align: justify;">Veterans also face difficulty in obtaining employment upon retirement or separation from the military. In order to assist veterans, a temporary federal income tax credit could be granted to employers who hire veterans.  This is a zero-cost benefit to veterans and employers alike.</p>
<p style="text-align: justify;">It’s crucial that we have a strong military to deter attacks against the our country and protect it when attacked. However, asking our young men and women to participate in unjust war is a moral abyss that we as a country should <strong>NEVER</strong> leap into. <strong>If we aspire to be a just nation ruled by laws we must resolve to NEVER ask our military men and women to engage in unconstitutional warfare and nation-building missions.</strong></p>
<p style="text-align: justify;">That said, the United States of America has unfinished business with the al-Qaeda terrorist group.  However, we are going about it all the wrong way for the past two decades.</p>
<p style="text-align: justify;"><strong><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/512px-George_Washington_1795.jpg"><img class="alignright size-full wp-image-3825" style="margin: 10px;" title="512px-George_Washington_1795" src="http://TowneForCongress.com/wp-content/uploads/2010/10/512px-George_Washington_1795.jpg" alt="" width="157" height="182" /></a>The greatest threat to our national security is the national debt, not boogeymen living in caves in Pakistan.</strong> Osama Bin Laden and his ilk will never destroy America – it will be the Congress who first destroy the country <span style="text-decoration: underline;"><em><strong>financially and economically</strong></em></span> by looting our blood and treasure.  <strong>This is the true threat to our way of life.</strong></p>
<p style="text-align: justify;">George Washington would be <em><strong>aghast</strong></em> at our attempts to defeat Al-Qaeda.  During the Revolutionary War, the mighty British empire was not defeated militarily by the colonists – George Washington lost just about every single major battle.  Instead, Washington won the war by merely surviving, by causing the British to expend vast amounts of treasure and troops over a 3,000 mile supply chain.</p>
<p style="text-align: justify;">The government <a href="http://towneforcongress.com/economy/guns-or-health-care/" target="_blank">spends well over</a> $1 trillion dollars a year on our foreign adventures, with over 760 military bases in 150 of the world&#8217;s 194 countries, yet we do <strong>NOT</strong> have a strong national defense of our borders.  <a href="http://towneforcongress.com/economy/guns-or-health-care/" target="_blank">We have</a> 55,000 troops in Germany and 10,000 troops in Italy.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/Defense.jpg"><img class="size-full wp-image-3826 alignnone" title="Defense" src="http://TowneForCongress.com/wp-content/uploads/2010/10/Defense.jpg" alt="" width="630" height="472" /></a></p>
<p style="text-align: justify;">Why should the American taxpayer defend rich Europeans from a communist USSR that fell apart 20 years ago, so those same rich Europeans can cut their defense budgets to protect their welfare spending?  Didn&#8217;t WWII end 70 years ago?</p>
<p style="text-align: justify;">[However, the fact remains that the threat of suicide terrorism is enhanced – <strong>NOT lessened</strong> – by the conventional armies stationed abroad in Iraq, Afghanistan, and Pakistan. Suicide terrorist groups – whether Al-Qaeda, Hezbollah, or the Tamil Tigers - have a single strategic goal in mind – <strong>to compel modern democracies to withdraw military forces from territory that the terrorists consider to be their homeland</strong>.]</p>
<p style="text-align: justify;">[Although Osama Bin Laden was a CIA “asset” against the Soviets in Afghanistan during the 1980s, if one reads the 9/11 Commission Report, one will find a very long record of inaction in tracking down Bin Laden who bombed US embassies in Kenya and Tanzania killed 12 American citizens in 1998 and was also tied to the USS Cole and the 1993 World Trade Center bombing.]</p>
<p style="text-align: justify;">However, hurling armies of tens of thousands after Bin Laden is not cost effective, nor is it constitutional – nor has it succeeded after the past 9 years.  Our nations&#8217; generals admit <a href="http://towneforcongress.com/platform-issues/afghanistan-war/" target="_blank">there are less than</a> 100 Al-Qaeda in Afghanistan, and yet to capture them the taxpayer is paying to send 100,000 troops &#8211; plus many more contractors &#8211; at a cost of over $1 million apiece to fight with one pack of tribal warlords against another pack of tribal warlords.  Each gallon of gas burned in the Afghanistan War costs the taxpayer $400 <a href="http://towneforcongress.com/platform-issues/afghanistan-war/" target="_blank">per the Pentagon</a>.</p>
<p style="text-align: justify;">A strong national defense begins right here at home with our borders, not the borders of Iraq, Germany, and Italy.  If one takes the time to read the Iraq and Afghanistan constitutions that the US guided them in writing, you will find that taxpayers here are not creating democracies or rule of law – they are creating impossible utopian governments that operate under sharia law.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/Jake-Towne-poster-template-SMALL.jpg"><img class="alignright size-full wp-image-3827" style="margin: 10px;" title="Jake Towne poster template SMALL" src="http://TowneForCongress.com/wp-content/uploads/2010/10/Jake-Towne-poster-template-SMALL.jpg" alt="" width="177" height="219" /></a>We have our own Constitution, and it is about time we began following it!</p>
<p style="text-align: justify;"><strong>To defeat suicide terrorists one must capture the current generation and prevent the next generation from being created from collateral damage</strong>. Capture of the terrorists who caused 9/11 will best be attained by small units of special forces acting to enforce the law under <a href="http://towneforcongress.com/platform-issues/afghanistan-war/" target="_blank">constitutional warrants</a> called letters of marque and reprisal and increasing bounties for the wanted criminals. Without vastly expensive armies stationed on foreign lands, creating unintended damage and death to the civilian population, the next generation of suicide terrorists will have no reason to exist.</p>
<p style="text-align: justify;">This November 2<sup>nd</sup>, you can keep voting for those who caused all this economic strife or you can vote for a problem solver who not only has the solutions, but who will listen and be accountable to you.</p>
<p style="text-align: justify;">I have more private sector experience than Mr. Dent, and more industrial experience working abroad than Mr. Callahan.  I have a proven track record of results and success as a leader and serving customers.  I am the only candidate with some formal background in the study of economics.</p>
<p style="text-align: justify;">Washington has far too many rulers, and not enough servants of the people.  When I am elected, I will be your public servant, your employee.</p>
<p style="text-align: justify;">Congress continues to vote for more debt, more war, and fewer jobs every year they remain in power.  It is like my father once told me &#8211; “If you always do what you always did, you will always get what you always got.”</p>
<p style="text-align: justify;">What have the people of the 15<sup>th</sup> district received by voting for the Republocrats?   The same results – more taxes, more debt, more war, and less liberty.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/10/A3bQT.jpg"><img class="size-large wp-image-3828 alignleft" style="margin: 10px;" title="A3bQT" src="http://TowneForCongress.com/wp-content/uploads/2010/10/A3bQT-987x1024.jpg" alt="" width="209" height="214" /></a>For those of you who think you will be throwing your vote away by voting independent, nothing could be further from the truth.  Nothing could be further from the truth.</p>
<p style="text-align: justify;">Your parties have <strong>betrayed</strong> you.</p>
<p style="text-align: justify;">Your parties have <strong>lied</strong> to you.</p>
<p style="text-align: justify;">Your parties have <strong>let you down</strong>.</p>
<p style="text-align: justify;">This year you have a real choice in voting independent. I humbly ask for your vote this November 2<sup>nd</sup>.  (end)</p>
<p>Upcoming Events!!</p>
<ul>
<li><strong>PA Liberty Conference. </strong>Friday, October 8.  I will be sharing the &#8220;Our Open Office&#8221; idea with this group at 3 PM in Harrisburg, PA.  Ticketed event, <a href="http://www.parevolution.com/events/pa-liberty-conference" target="_blank">see here for details</a>.</li>
<li><strong>Crop Walk</strong>, October 10th in Bethlehem, registration at 1p.m.  under the  Hill-To-Hill Bridge, Main and Spring streets.  This charity  event benefits soup kitchens around the Lehigh Valley, including the one  I volunteer at every week.  The walk begins at 1:30  p.m.  <a href="http://www.bethlehemareacropwalk.blogspot.com/" target="_blank">MAP</a>.  Please RSVP to towneforcongress@gmail.com or call 610-392-8156.</li>
<li><strong>WFMZ-69 Debate</strong> to be televised live, October 13 on WFMZ-69, 8 PM.</li>
<li><strong>Lunch with Allentown Rotary Club, </strong>Friday, October 15 at the Holiday Inn, 12:30-1 PM.  904 W. Hamilton Streets, Allentown, PA 18101.  <a href="http://www.holidayinn.com/hotels/us/en/allentown/abehs/hoteldetail#Directions" target="_blank">Map</a>.  Briefly address and answer questions from this group.</li>
<li><strong>Nazareth Area of Commerce Debate </strong>on Monday, October  18th,   from 9:30-11 AM.  Economic focus.  Tickets are necessary for  breakfast,  see  www.nazarethchamber.com.  Location is Rt 22 and 512 at  the Best  Western.</li>
<li><strong>Morning Call Online Chat</strong>, online at noon on October 19th.  URL TBA.</li>
<li><strong>East Penn Taxpayer&#8217;s Association Candidates Night </strong>on October  19th, 7:30 PM.  Open to the public, will speak for a few minutes and  answer questions.  Emmaus Fire Co. #1 on 610 Broad Street, Emmaus, PA.  <a href="http://maps.google.com/maps?q=610+Broad+Street,+Emmaus,+PA&amp;oe=utf-8&amp;rls=org.mozilla:en-US:official&amp;client=firefox-a&amp;um=1&amp;ie=UTF-8&amp;hq=&amp;hnear=610+Broad+St,+Emmaus,+PA+18049&amp;gl=us&amp;ei=gsCoTLPjCcTflgfql5jEDA&amp;sa=X&amp;oi=geocode_result&amp;ct=title&amp;resnum=1&amp;ved=0CBMQ8gEwAA" target="_blank">MAP</a>.</li>
<li><strong>Pen Argyl Area Concerned Citizens Debate</strong>, Wednesday, October 20, evening, exact time/place to be announced.</li>
<li><strong>De Sales University Debate</strong>, Thursday, October 21, 7:30-9 PM in Center Valley, PA.  Located in the Commonwealth Room in the University Center (<a href="http://www.desales.edu/assets/desales/CampusMap/DSUmap708.pdf" target="_blank">Building #48 in this map</a>).  Open Q&amp;A from the audience.</li>
<li><strong>Express Times Debate</strong>, Monday, October 25 at the State Theatre in Easton, 7 PM.  453 Northampton Street<br />
Easton, PA 18042.  <a href="http://maps.google.com/maps?oe=utf-8&amp;rls=org.mozilla:en-US:official&amp;client=firefox-a&amp;um=1&amp;ie=UTF-8&amp;q=453+Northampton+Street+Easton,+PA+18042&amp;fb=1&amp;gl=us&amp;hnear=Emmaus,+PA&amp;cid=0,0,6939442826011876514&amp;ei=GcGoTJbqMsT_lgf8qYHTDQ&amp;sa=X&amp;oi=local_result&amp;ct=image&amp;resnum=1&amp;ved=0CBcQnwIwAA" target="_blank">MAP</a>.  Open to public.</li>
<li><strong> Northampton Community College Forum</strong>, October 28, 11 AM.   Open to public, Q&amp;A. Location is the World War II Conference Room &#8211;  CC117 located on the first floor of the College Center.  3835 Green Pond  Rd Bethlehem, PA 18020.  <a href="http://www.northampton.edu/Documents/About%20NCC/NCC%202010%20Campus%20Map.pdf" target="_blank">Campus Map</a>.</li>
<li><strong>NOVEMBER 2nd ELECTION DAY!!</strong> Volunteers are needed to hand out literature outside of local polling stations, <a href="http://towneforcongress.com/events-2/" target="_blank">please volunteer here</a> and share your name, phone #, city, and if you live in the district, your current polling location.</li>
</ul>


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		<title>Political Economic Suppression</title>
		<link>http://towneforcongress.com/economy/political-economic-suppression/</link>
		<comments>http://towneforcongress.com/economy/political-economic-suppression/#comments</comments>
		<pubDate>Mon, 20 Sep 2010 20:03:22 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[bailout]]></category>
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		<category><![CDATA[constitution]]></category>
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		<category><![CDATA[economic]]></category>
		<category><![CDATA[fascism]]></category>
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		<category><![CDATA[intervention]]></category>
		<category><![CDATA[jake towne]]></category>
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		<guid isPermaLink="false">http://towneforcongress.com/?p=3731</guid>
		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>“None are more hopelessly enslaved than those who falsely believe they are free.” – Johann Wolfgang von Goethe The economic depression is waking up more and more Americans to the sad truth that the federal government is out of control. A fascist state is quickly developing in America, one of the few rare places in [...]]]></description>
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<p style="text-align: justify;">“<strong>None are more hopelessly enslaved than those who falsely believe they are free.</strong>” – Johann Wolfgang von Goethe</p>
<p style="text-align: justify;">The  economic depression is waking up more and more Americans to the sad truth  that the federal government is out of control. A fascist state is  quickly developing in America, one of the few rare places in the history  of the planet where “<em>life, liberty, and the pursuit of happiness</em>” was not an unattainable dream but instead a mission statement. I first <a href="../jakes-bio/motivation">fully grasped</a> where the misguided actions and ideology of the Republocrats would lead  America during the Banker Bailout of 2008, and I returned home to fight  against the Establishment by running for United States Congress as soon  as I could.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/09/National_Fascist_Party_logo.jpg"><img class="alignright size-full wp-image-3736" style="margin: 10px;" title="National_Fascist_Party_logo" src="http://TowneForCongress.com/wp-content/uploads/2010/09/National_Fascist_Party_logo.jpg" alt="" width="218" height="299" /></a>While modern politicians scapegoat the free enterprise as having failed, America has not had anything resembling a free enterprise for many years.   Free enterprise is neither the corporate welfare and corrupt cronyism of the Republicans, nor the wealth distribution and &#8220;gravy-train&#8221; welfare state of the Democrats, nor an all powerful economic warfare state and military-industrial force as supported by both parties.  Under free enterprise, special privileges, money, and benefits are never doled out by the government; business succeed if they please consumers by offering them what they want.   Free enterprise offers an abundance of sustainable jobs at the highest wages.  The government serves to provide a sound business environment under a rule of law and investigates and punishes fraud, theft, and contract violations.</p>
<p style="text-align: justify;">Now  when I use the term “fascism” in this piece, I do not mean its typical  connotation with physical brutality, murder, and torture – though this  is the easily recognizable final product. Fascism by <a href="http://www.fordham.edu/halsall/mod/mussolini-fascism.html">Benito Mussolini’s</a> originally intended economic meaning was symbolized by the “<em>fasces</em>”  – bound sticks, sometimes with an axe, used as a totem for state power in ancient Rome.  Here  are my definitions – which by and large agree with most literature – for  four socioeconomic systems:</p>
<ol style="text-align: justify;">
<li><strong>Free Enterprise</strong> – a social system based on the private ownership of the means of production.</li>
<li><strong>Interventionism</strong> – a social system where the means of production is privately owned, but  the government intervenes by passing regulations and orders.</li>
<li><strong>Fascism</strong> – a social system where on paper the means of production is still privately owned, but the government has <em>de facto</em> control through the passing of a multitude of regulations and orders, accompanied by corruption.</li>
<li><strong>Communism</strong> – a social system based on government (or “public”) ownership of the means of production.</li>
</ol>
<p style="text-align: justify;">The  great confusion of today by many is that the evils of  government-sponsored corporatism, “crony” capitalism, or “disaster”  capitalism are instead somehow free enterprise, when in reality rarely  do even local farmers’ markets pass as free enterprise today.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/09/500x500_Jake-Towne2.jpg"><img class="alignleft size-medium wp-image-3661" style="margin: 10px;" title="500x500_Jake Towne" src="http://TowneForCongress.com/wp-content/uploads/2010/09/500x500_Jake-Towne2-215x300.jpg" alt="" width="156" height="206" /></a>Many  examine the current state of rampant interventionism and soft fascism,  conclude the free market failed, and incorrectly decide that the  solutions must be yet more centralized government control of the  economy, as seen in many respects with corporate bailouts of AIG, GM,  Citibank, and others. Unfortunately, more fascism will cause a downward  spiral as can be predicted by reading my article “<a href="../economy/the-governments-war-on-main-street-1">The Government’s “War” on Main Street</a>” and the campaign’s <a href="../platform-issues/jobs">Jobs plank</a>.</p>
<p style="text-align: justify;">Case  in point is the healthcare takeover where a tax of almost $1 trillion  dollars will be levied upon the American people in new taxes over the  next several years to provide coverage – not necessarily actually  providing healthcare as pointed out in the campaign’s <a href="../platform-issues/health-care">Health Care plank</a>.  Congress, via the HMO Act of 1973 and other acts, has created a  government-sponsored insurance cartel that does not serve consumers  best. A system of free enterprise would deliver the most affordable,  best-quality healthcare to consumers with the most features while  naturally regulating the upcoming medical worker shortage as baby  boomers attempt to retire. (<a href="http://en.wikipedia.org/wiki/File:Ear_surgery_on_a_patient.jpg" target="_blank">photo</a>)  The labor law stipulations required to force the new monopolized system on everyone <a href="http://towneforcongress.com/economy/the-health-care-tax-will-devastate-the-working-class-by-eric-m-staib-of-the-mises-institute-1/" target="_blank">will devastate</a> the poor, which ostensibly is the true reason for the bill in the first place.</p>
<p style="text-align: justify;"><a href="../economy/health-care-solutions">The solutions to the healthcare situation</a> are to remove state mandates that dictate 15-40% of premiums in  Pennsylvania, destroy insurance portability barriers over state lines,  pursue tort reform on the state level, enact federal tax relief  legislation, remove state restrictions on licensing and seats in the  medical school system, and provide a sound currency to stop price  inflation. Note that all these solutions call for <em><strong>LESS </strong></em>government  intervention, not more.  Note that while Republican politicians may  seem at first to support my line of reasoning, at heart they seek  control just like the Democrats, like the Republican incumbent in my race, demonstrated in <a href="../economy/health-care-another-open-letter-to-congressman-dent-1">his healthcare bill</a> last summer.</p>
<p style="text-align: justify;">Congress has also been hard at work creating new  barriers for small businesses on the economic front with <a href="http://www.govtrack.us/congress/bill.xpd?bill=h111-4173" target="_blank">HR 4173</a>, the Wall Street Reform and Consumer Protection Act of 2009. I dubbed this bill <a href="../economy/end-the-fed-hr-3996-the-automatic-bailout-bill-of-2009">the Automatic Bailout Bill </a>in  November 2009 as the bill grants sweeping new powers to the Federal  Reserve and creates more central planning unelected bureaucrats with the  Financial Services Oversight Council.</p>
<p style="text-align: justify;"><a href="http://www.govtrack.us/congress/billtext.xpd?bill=h111-4173">Section 1105</a> gives this council vast powers to takeover transactions of all  financial holding companies that pose a “grave threat to the financial  stability or economy of the United States” which of course is let  undefined.</p>
<p style="text-align: justify;"><a href="http://www.govtrack.us/congress/billtext.xpd?bill=h111-4173">Section 1701</a> gives the Federal Reserve “in unusual and exigent circumstances… that a  liquidity event exists that could destabilize the financial system”  power to authorize immediate bailouts and assistance to any “individual,  partnership, or corporation.” This enables the FED to neatly bypass  Congress when the next crisis occurs. The dollar limit on the FED’s new  bailout authority? A cool $4 trillion dollars.</p>
<p style="text-align: justify;"><a href="http://www.govtrack.us/congress/billtext.xpd?bill=h111-4173"></a><a href="http://TowneForCongress.com/wp-content/uploads/2010/09/Jake-Towne-The-Problem-with-the-Dollar-July-2009.jpg"><img class="size-medium wp-image-3733 alignright" style="margin: 10px;" title="Jake Towne - The Problem with the Dollar (July 2009)" src="http://TowneForCongress.com/wp-content/uploads/2010/09/Jake-Towne-The-Problem-with-the-Dollar-July-2009-300x225.jpg" alt="" width="378" height="283" /></a>Section 1405 is a tragic comedy. It brazenly stipulates that the FDIC deposit  insurance fund (DIF) reserve ratio must be higher than 1.15% for bank  accounts. Unfortunately, the DIF is <em><strong>ALREADY</strong></em> at <a href="http://www2.fdic.gov/qbp/2009dec/qbp.pdf">negative 0.39%</a> and is <strong>completely insolvent by nearly $21 billion</strong>. While the government is intent on printing its way to prosperity, down this route only lies madness.</p>
<p style="text-align: justify;">Fascism,  communism, and even much of interventionism that violate individual  liberties are just varying degrees of central planning, aka socialism.  As America installed more interventions in the economy, the great  Austrian economist Ludwig von Mises in 1950 delivered a lecture “<a href="http://mises.org/midroad.asp">Middle-of-the-Road Policy Leads to Socialism</a>”  which warned that interventionism, over the long run, would still lead  to socialism. Mises was correct, and the impending dollar currency  crisis which will make the current situation pale in comparison remains  unheeded by the money-printers in Congress and the FED.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/09/austrian.jpg"><img class="alignright size-medium wp-image-3734" style="margin: 10px;" title="austrian" src="http://TowneForCongress.com/wp-content/uploads/2010/09/austrian-300x225.jpg" alt="" width="376" height="280" /></a>If  America is to have freedom from fascism, the current healthcare and  economic takeovers must be firmly rejected. The greatest threats to  America’s prosperity, liberties, and way of life do not tread in  forsaken deserts but instead infest the halls of Washington, D.C.  The  choice between the two socioeconomic systems – the failed status quo or  the solution that will create prosperity – is stark, but easy to make  once the facts are understood.  America must leave <a href="http://mises.org/books/TRTS">the Road to Serfdom</a> or pay its eventual consequences.</p>
<p style="text-align: justify;">I pledge to immediately act to revoke the above economic takeovers Congress has passed once I take office in January 2011 as an independent  private citizen, beholden not to lobbyists and special interests, but to  the people in my district who I will faithfully serve <a href="../mission/our-open-office">by delivering true transparency and real accountability</a>.</p>
<p><em>Originally written in March 2010 <a href="http://towneforcongress.com/economy/freedom-from-fascism/" target="_blank">here</a>.</em></p>
<p><strong>Updated debate schedule:</strong></p>
<ul>
<li><strong>D</strong><strong>elta Kappa Gamma/League of Women Voters Candidate Forum</strong>,   <span style="color: #ff0000;">this Friday, September 24th</span>, 2010  at Cedar Crest College, 6-9 PM, Harmon   Hall of Peace in the Miller Family Building (#15) next to Lees  Hall at Cedar Crest College.  <a href="http://www2.cedarcrest.edu/security/map.shtm" target="_blank">Campus Map</a>.  <a href="http://maps.google.com/maps?oe=utf-8&amp;rls=org.mozilla:en-US:official&amp;client=firefox-a&amp;q=100+College+Drive+Allentown,+PA+18104&amp;um=1&amp;ie=UTF-8&amp;hq=&amp;hnear=100+College+Dr,+Allentown,+PA+18104&amp;gl=us&amp;ei=q82XTL-QMIO0lQeZqMHRBQ&amp;sa=X&amp;oi=geocode_result&amp;ct=title&amp;resnum=1&amp;ved=0CBcQ8gEwAA" target="_blank">Google map</a> to the college at 100 College Drive, Allentown, PA 18104.  Open Q&amp;A   from public.  6 PM doors  open, 6:30 PM coffee/tea/desserts, 7 PM debate   starts.</li>
<li><strong>Tea Party of the Lehigh Valley Candidates’ Night</strong>, Monday, October 11, Penn’s Peak in Jim Thorpe, 6 PM.  325 Maury Road<strong>, </strong>Jim Thorpe, PA 18229-2811.  <a href="http://www.pennspeak.com/directions.php" target="_blank">Directions</a>.  I will probably be speaking around 7:00 PM.</li>
<li><strong>WFMZ-69 Debate</strong> to be televised live, October 13 on WFMZ-69, 8 PM.</li>
<li><strong>Morning Call Debate</strong> on  Thursday, October    14th.  <strong>Towne for Congress is <em>BANNED</em> from this event, <a href="http://towneforcongress.com/media/response-to-morning-calls-skewed-poll/" target="_blank">details here</a>!!</strong></li>
<li><strong>Pen Argyl Area Concerned Citizens Debate</strong>, Wednesday, October 20, evening, exact time/place to be announced.</li>
<li><strong>De Sales University Debate</strong>, Thursday, October 21, 7:30-9 PM in Center Valley, PA.  Located in the Commonwealth Room in the University Center (<a href="http://www.desales.edu/assets/desales/CampusMap/DSUmap708.pdf" target="_blank">Building #48 in this map</a>).  Open Q&amp;A from the audience.</li>
<li><strong>Express Times Debate</strong>, Monday, October 25 at the State Theatre in Easton, 7 PM.  Open to public.</li>
<li><strong>TBA – Northampton Community College</strong>, Date/Time/Place to be announced</li>
</ul>
<p><script src="http://www.donationpages.com/donationpages/contributeWidget.asp?guidRegn=5C5C565D"></script></p>


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		<title>Happy Constitution Day!</title>
		<link>http://towneforcongress.com/foreign-policy/happy-constitution-day/</link>
		<comments>http://towneforcongress.com/foreign-policy/happy-constitution-day/#comments</comments>
		<pubDate>Fri, 17 Sep 2010 15:44:27 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Foreign Policy]]></category>
		<category><![CDATA[15th congressional district]]></category>
		<category><![CDATA[afghanistan]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[constitution]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[Economy]]></category>
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		<category><![CDATA[garet garret]]></category>
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		<category><![CDATA[liberty]]></category>
		<category><![CDATA[people's pottage]]></category>
		<category><![CDATA[smedley butler]]></category>
		<category><![CDATA[war]]></category>
		<category><![CDATA[war is a racket]]></category>

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		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>Today is the anniversary of the September 17, 1787 ratification of the Constitution of the United States.   While the federal government no longer even pretends to follow the Constitution, I would like to write for a moment on the second-most important safeguard the founders tried to leave us.  (The most important safeguard being sound money, [...]]]></description>
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<p style="text-align: justify;">Today is the anniversary of the September 17, 1787 ratification of the Constitution of the United States.   While the federal government no longer even pretends to follow the Constitution, I would like to write for a moment on the second-most important safeguard the founders tried to leave us.  (The most important safeguard being <a href="http://towneforcongress.com/platform-issues/sound-money-and-jobs/" target="_blank">sound money</a>, which by itself greatly inhibits rash war-making, as beautifully illustrated in this <a href=" http://espanol.video.yahoo.com/watch/4397309/11788984" target="_blank">clip</a>.)</p>
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<p style="text-align: justify;">“<strong>The Congress shall have Power… to declare War.</strong>” – <a href="http://www.usconstitution.net/const.html">The Constitution of the United States</a>, 1787-present. Article I, Section 8, Clause 11.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/05/495px-Constitution_Pg1of4_AC1.jpg"><img class="size-medium wp-image-2334 alignleft" style="margin: 10px;" title="495px-Constitution_Pg1of4_AC(1)" src="http://TowneForCongress.com/wp-content/uploads/2010/05/495px-Constitution_Pg1of4_AC1-247x300.jpg" alt="" width="247" height="300" /></a>The founders feared more than anything a strong executive branch, a President that would loom as powerful and as tyrannical as a King George.  While the Constitution bound the sovereign States closer together for the purposes of national defense, Congress was given this grave responsibility for a reason:  as  the House of Representatives was directly elected by the  people, it was viewed as the safest place to entrust a declaration of  war, and people unhappy with Representatives could remove them fairly  quickly &#8211; within two years.</p>
<p style="text-align: justify;">Two Americans who long foresaw the day when America would ring the world with military bases &#8211; <a href="http://towneforcongress.com/economy/americas-military-empire/" target="_blank">over 750 bases in 150 of the world&#8217;s 194 countries</a> &#8211; were General Smedley Butler, WWI hero with two congressional Medals of Honor, the highest decorated Marine in US history and Garet Garret, who wrote the long-lost text of &#8220;<a href="http://mises.org/books/pottage.pdf" target="_blank">The People&#8217;s Pottage</a>&#8221; in 1953.</p>
<p style="text-align: justify;">These men both understood <a href="http://espanol.video.yahoo.com/watch/4397309/11788984" target="_blank">the clip above</a> &#8211; <strong>the consequences of the federal government&#8217;s actions is the ceding of America&#8217;s sovereignty to those who control the debt that endless wars and the military-industrial complex create. </strong> <em><strong>The greatest threat to our national security is the national debt, not malevolent boogeymen living in caves in Pakistan.</strong></em> Osama Bin Laden and his ilk will never destroy America &#8211; it will be the Congress who first destroy the country <span style="text-decoration: underline;"><strong>financially</strong></span> by looting our blood and treasure.  This is the true threat to our way of life.</p>
<p style="text-align: justify;">Smedley Butler in 1933 wrote &#8220;<a href="http://www.scribd.com/doc/21397843/Smedley-Butler-War-is-a-Racket-1933" target="_blank">War is a Racket</a>,&#8221; which neatly summarizes the true definition of war.  I&#8217;ll leave it to the reader to read <a href="http://www.scribd.com/doc/21397843/Smedley-Butler-War-is-a-Racket-1933" target="_blank">Butler&#8217;s powerful essay</a>.  However, I&#8217;d like to partially paraphrase Garret and due to time constraints just weave in some of my own thoughts in <a href="http://mises.org/books/pottage.pdf" target="_blank">what Garret listed way back in 1953</a> as the five heights that need to be regained in the coming years to restore America and the rule of law, to restore the Constitution:</p>
<p style="text-align: justify; padding-left: 30px;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/07/jt-logo-rwb-2-28-102.gif"><img class="alignright size-medium wp-image-3348" style="margin: 10px;" title="jt-logo-rwb-2-28-10" src="http://TowneForCongress.com/wp-content/uploads/2010/07/jt-logo-rwb-2-28-102-300x300.gif" alt="" width="202" height="202" /></a>The first height is <strong>a state of mind</strong>. To recover the habit of decision the people must learn again to think for themselves; and this requires a kind of self-awakening. This is so because thinking has been laid under a spell. The hypnotic powers are entrenched, combative and dangerous. <strong>But once the self-liberated mind had regained that first height, it would see not only that there is an alternative course but that above the noxious emanations of fear and the fog of propaganda the view is fairly clear as to the next steps.</strong></p>
<p style="text-align: justify; padding-left: 30px;">The second height to be regained <strong>is intelligent, public debate of foreign policy</strong>.  No longer can the President  blindly frog-march the American people to war without a constitutional declaration of war from Congress.  Let foreign policy be debated once more by those who may have to die for it, and let the wind be cold and merciless. Let those  responsible be nakedly exposed to the horrors of war, who so misunderstand the nature of what they have done that they can find no respite, no solace in the abdication of their human responsibilities.</p>
<p style="text-align: justify; padding-left: 30px;">If they can justify themselves to the free and disenthralled intelligence of the people, so that the people knowingly choose to go on with them, then there will be nothing more to say, or to do, but to perform the death rattle of the Republic. Until this is settled it will be useless to discuss domestic policies because what is at stake is the fate of the republican form of constitutional government.</p>
<p style="text-align: justify; padding-left: 30px;"><strong>On the next height lies control of the public purse and the national debt</strong>.  Until the people have recovered the public purse, they cannot tame Executive Government. Passing laws to control or restrain it is of no avail whatever. The only way to reason with it is to cut it off at the pockets.  <strong>When it came to setting up the American government, the Constitution said that control of the purse should be in the hands of the House of Representatives because that was the popular side of Congress. </strong>While the people have not always managed the purse well, there is a difference; no matter how badly Congress may manage the public purse, it cannot control the people, whereas in the hands of the government control of the purse becomes the single most powerful instrument of executive policy touching the lives of the people.</p>
<p style="text-align: justify; padding-left: 30px;">The next foe is one of insatiable evil, located right <em><strong>inside</strong></em> the public purse.  It is the fourth branch of the government known as <a href="http://towneforcongress.com/platform-issues/federal-reserve" target="_blank">the Federal Reserve</a>.  <strong>This monstrous evil&#8217;s chief weapon is inflation by the printing press.</strong> Its weapon of defense is an invisible vapor, the effect of which is to cause people to become economic alcoholics, afflicted with the delusion that they can get rich by destroying the value of money.</p>
<p style="text-align: justify; padding-left: 30px;"><strong><a href="http://TowneForCongress.com/wp-content/uploads/2010/09/Indiancobra.jpg"><img class="alignright size-medium wp-image-3710" style="margin: 10px;" title="Indiancobra" src="http://TowneForCongress.com/wp-content/uploads/2010/09/Indiancobra-300x214.jpg" alt="" width="300" height="214" /></a>It is no good to think of cutting off the head of this serpent. </strong>It has millions of heads, all in the likeness of human heads, and as fast as they are chopped off others appear in place of them. Moreover, at this point, even in the ranks of the dragon hunters, dissensions will break forth, people saying: &#8220;Don&#8217;t kill him. If he dies  chaos and deflation will come, and this is worse. Only chain him down.&#8221; At that every one of the heads begins to grin in a most sardonic manner. The serpent knows its life is safe and wiggling out of its chains is a light morning exercise. (Photo courtesy <a href="http://en.wikipedia.org/wiki/File:Indiancobra.jpg" target="_blank">KamaInv</a>, <a href="http://creativecommons.org/licenses/by/3.0/deed.en" target="_blank">license</a>)</p>
<p style="text-align: justify; padding-left: 30px;">There is only one thing to do with this monster. It can be sickened and starved, not to death, because the life in it is immortal, but to a harmless shadow. Its food is irredeemable paper money. <strong><a href="http://towneforcongress.com/platform-issues/sound-money-and-jobs/">Sound money</a> is its poison. </strong>Victory here will never be complete.  A guardian will need to be left, then a watchman to guard the guardian, and then the people must keep going back to ensure the serpent always remains bound and starved.</p>
<p style="text-align: justify; padding-left: 30px;">These heights in the lost terrain that have been named are vital. To save the constitutional republic they must all be stormed and captured. Others are important, but if these are taken the others can wait; but there is still one more, the last and highest of all, and as you approach it you may understand the serpent&#8217;s sardonic grin. The slopes are steep and barren. No enemy is visible. <strong>The enemy is within yourself.</strong> For, you see, the only way to conquer this peak is with your own fortitude.</p>
<p style="text-align: justify; padding-left: 30px;">The cost of saving the country will be extremely high. It could be as high as the cost of setting it up in the first place, 223 years ago, when the love of political liberty was a mighty passion, and people were willing to die for it.</p>
<p style="text-align: justify; padding-left: 30px;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/09/500x500_Jake-Towne2.jpg"><img class="alignright size-medium wp-image-3661" style="margin: 10px;" title="500x500_Jake Towne" src="http://TowneForCongress.com/wp-content/uploads/2010/09/500x500_Jake-Towne2-215x300.jpg" alt="" width="201" height="280" /></a>When the economy has for a long time been moving by jet propulsion, the higher the faster, on the rocket fuel of perpetual war, endless debt, and planned inflation, a time comes when you have to choose whether to go on and on and dissolve your very being in the stratosphere, or decelerate.</p>
<p style="text-align: justify; padding-left: 30px;">However,  deceleration will cause a terrific shock.  Who is willing to face the grim and dangerous realities of the economic depression, of wars without end, that have already begun?</p>
<p style="text-align: justify; padding-left: 30px;">For the good of our children, the answer must be yourself.  No doubt the people know they can have their constitutional republic and democratic elections back if they want it enough to fight for it and to pay the price.  The only problem is that not enough leaders have yet stepped up to the plate with the courage to ask you to choose liberty instead of tyranny.</p>
<p style="text-align: justify; padding-left: 30px;">Choose liberty.</p>
<p style="text-align: justify;">For the Constitution,</p>
<p style="text-align: justify;">Jake Towne</p>
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		<title>Debate Video Footage!!</title>
		<link>http://towneforcongress.com/economy/debate-video-footage/</link>
		<comments>http://towneforcongress.com/economy/debate-video-footage/#comments</comments>
		<pubDate>Tue, 14 Sep 2010 05:39:32 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Events]]></category>
		<category><![CDATA[Video]]></category>
		<category><![CDATA[15th congressional district]]></category>
		<category><![CDATA[afghanistan]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Charlie Dent]]></category>
		<category><![CDATA[College Hill Neighborhood Association]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[Congressional salaries]]></category>
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		<category><![CDATA[debate]]></category>
		<category><![CDATA[independent]]></category>
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		<category><![CDATA[Republocrat]]></category>

		<guid isPermaLink="false">http://towneforcongress.com/?p=3665</guid>
		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>The first debate just concluded a few hours ago, PCN was taping the event but had technical difficulties so the first half is missing.  See below for part 1 and part 2 that was taped.  A volunteer videotaped the event so we hope to have footage soon!  It was the first debate of my life, [...]]]></description>
			<content:encoded><![CDATA[<p align = 'center'></th></tr></table><br/></p><p style="float:right; margin:0 0 10px 15px; width:240px;">
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<p style="text-align: justify;">The  first debate just concluded a few hours ago, PCN was taping the  event  but had technical difficulties so the first half is missing.  See below for <a href="http://www.youtube.com/watch?v=JyXzgNH1Ifk" target="_blank">part 1</a> and <a href="http://www.youtube.com/watch?v=bM3rbQWMTg0" target="_blank">part 2</a> that was taped.  A volunteer videotaped the event  so we  hope to have <a href="http://TowneForCongress.com/wp-content/uploads/2010/09/6003.jpg"><img class="alignright size-medium wp-image-3667" style="margin: 10px;" title="Tired of the USUAL Suspects" src="http://TowneForCongress.com/wp-content/uploads/2010/09/6003-300x206.jpg" alt="" width="391" height="268" /></a>footage soon!  It was the first debate of my life,  and went  great!!   The event was mobbed with people &#8212; after the first  several  hundred people, the event staff had to turn away scores of residents.   Now that I  have debate experience under my belt, I can hardly wait for the next  debate on  September 24th at Cedar Crest College!!!   <a href="../media/front-page-coverage-in-the-express-times/" target="_blank">Debate schedule here.</a></p>
<p style="text-align: justify;">Today  is the September 14th Money Bomb, put together by grassroots  supporters.  The last money bomb in August raised exactly $3000 from 52  donors, and was used to purchase yard signs.</p>
<p style="text-align: justify;">It  is expected that all money raised today will go towards radio ads,  which are affordable on the local favorite radio stations.  A 30-second  spot costs roughly $30 depending on the time and will reach thousands of  listeners.  The campaign&#8217;s first radio buy commences today at 6 AM, you can  listen to <a href="http://www.youtube.com/watch?v=f8tIjodVQis" target="_blank">the ad</a> and share it below!</p>
<p style="text-align: justify;">The  vast majority of the money spent already was used to build the campaign  enough momentum to get to this point and finish the arduous petitioning  process for ballot access.  <strong>I cannot highlight enough how at this point a little money goes a long way.</strong> Thank you very much for your support!!</p>
<p>﻿<object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="350" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/JyXzgNH1Ifk" /><embed type="application/x-shockwave-flash" width="425" height="350" src="http://www.youtube.com/v/JyXzgNH1Ifk"></embed></object></p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="350" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/bM3rbQWMTg0" /><embed type="application/x-shockwave-flash" width="425" height="350" src="http://www.youtube.com/v/bM3rbQWMTg0"></embed></object> <a href="http://TowneForCongress.com/wp-content/uploads/2010/09/500x500_Jake-Towne2.jpg"><img class="alignright size-medium wp-image-3661" title="500x500_Jake Towne" src="http://TowneForCongress.com/wp-content/uploads/2010/09/500x500_Jake-Towne2-215x300.jpg" alt="" width="215" height="300" /></a><br />
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		<title>The People&#8217;s Money</title>
		<link>http://towneforcongress.com/economy/the-peoples-money/</link>
		<comments>http://towneforcongress.com/economy/the-peoples-money/#comments</comments>
		<pubDate>Sat, 14 Aug 2010 21:52:20 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[dinar]]></category>
		<category><![CDATA[dirham]]></category>
		<category><![CDATA[fractional reserve banking]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[indonesia]]></category>
		<category><![CDATA[jake towne]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[silver]]></category>
		<category><![CDATA[what has the government done to our money]]></category>

		<guid isPermaLink="false">http://towneforcongress.com/?p=3454</guid>
		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>There is nothing super-complicated about sound money.  Rather, the truth is pretty simple. In cahoots with the central bank, the government prints unbacked currency.  Most dollars are not physical linen &#8211; it is merely electrons in bank accounts, which is shown simply here, &#8220;Fractional Reserve Banking in Pictures.&#8221;  This is really just an indirect way [...]]]></description>
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<p style="text-align: justify;">There is nothing super-complicated about <a href="http://towneforcongress.com/platform-issues/sound-money-and-jobs/" target="_blank">sound money</a>.  Rather, the truth is pretty simple.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/6a00d8341c4fe353ef0133f2cdf896970b-120wi2.jpg"><img class="alignright size-full wp-image-3487" style="margin: 10px;" title="6a00d8341c4fe353ef0133f2cdf896970b-120wi" src="http://TowneForCongress.com/wp-content/uploads/2010/08/6a00d8341c4fe353ef0133f2cdf896970b-120wi2.jpg" alt="" width="120" height="191" /></a>In cahoots with the central bank, the government prints unbacked currency.  Most dollars are not physical linen &#8211; it is merely electrons in bank accounts, which is shown simply here, &#8220;<a href="http://towneforcongress.com/economy/fractional-reserve-banking-in-pictures-part-12-2/" target="_blank">Fractional Reserve Banking in Pictures</a>.&#8221;  This is really just an indirect way to tax anyone who holds dollars.  Anyone who whines that the banks &#8220;needed&#8221; the TARP bailouts fails to understand it is not <strong>just</strong> the banks who are failing &#8211; it is the entire monetary system, which remains <a href="http://towneforcongress.com/economy/is-the-dollar-a-ponzi-scheme-1/" target="_blank">a giant Ponzi scheme</a>.</p>
<p style="text-align: justify;">Today&#8217;s monetary system is not sustainable, and tomorrow&#8217;s bubble is the US Treasury sovereign debt market.  <a href="http://towneforcongress.com/economy/chinese-devalues-us-treasury-bonds/" target="_blank">As I wrote recently</a>, China has halted purchase of Treasury bonds which may be the modern-day equivalent of France redeeming its paper dollars for gold in 1967-1968, which led to the collapse of <a href="http://towneforcongress.com/economy/rip-the-london-gold-pool-1961-1968-1/" target="_blank">the London Gold Pool</a> and the complete severance of the dollar from gold by Nixon in 1971.</p>
<p style="text-align: justify;">Unknown to most Americans, the global gold market is one of the world&#8217;s largest, <a href="http://www.lbma.org.uk/pages/index.cfm?page_id=50&amp;title=clearing_-_statistical_table" target="_blank">trading over $25 billion</a> a <em><strong>DAY</strong></em> &#8211; or $6.5 trillion annualized &#8211; on the London gold market alone.  I have previous highlighted how governments and central banks suppress the gold price with &#8220;paper gold&#8221; contracts <a href="http://towneforcongress.com/economy/unlocking-the-money-matrix-the-summers-gold-price-suppression-scheme-part-1315/" target="_blank">last year here</a>.</p>
<p style="text-align: justify;"><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/AS-GOOD-AS-GOLD-Horiz2.jpg"><img class="alignleft size-medium wp-image-3488" style="margin: 10px;" title="AS GOOD AS GOLD Horiz" src="http://TowneForCongress.com/wp-content/uploads/2010/08/AS-GOOD-AS-GOLD-Horiz2-300x124.jpg" alt="" width="300" height="124" /></a>Within the past several years, during my time spent in China, I witnessed the methodical promotion of gold and silver by the Chinese government to their people &#8211; who already have a traditional respect for these metals as a form of wealth.  After my return to the United States in 2009, I was somewhat alarmed to see all the &#8220;Cash for Gold&#8221; advertising and full-page newspaper ads appear urging Americans to sell their gold and silver where they had been none several years earlier.</p>
<p style="text-align: justify;">This is the exact opposite of what should be happening &#8211; gold and silver belong in the hands of the <em><strong>PEOPLE</strong></em>, not the financial elite.  The recent dramatic rise in the gold price over the past decade has nothing to do with gold getting more &#8220;expensive&#8221; but has <em><strong>everything</strong></em> to do with the depreciation of the dollar currency.</p>
<p style="text-align: justify;">As seen in <a href="http://www.youtube.com/watch?v=I7T7a7K8-_s" target="_blank">the below video</a> centered in Indonesia, more and more people around the world are figuring out the governments&#8217; scam.   The world we live in today &#8211; an unbacked paper currency with &gt;25% interest rate credit cards and hundreds of trillions of dollars in derivatives &#8211; is an unsustainable illusion and will cease to exist in the years to come.</p>
<p style="text-align: justify;">From the end of the Revolution of 1776 until 1964, Americans circulated 90% silver coins.  Credit card companies were only permitted to charge obscene interest rates over 10% after the Monetary Control Act of 1980 eliminated the usury laws.  The recent bubble in derivatives was only made possible courtesy with the reckless Alan Greenspan and Congress revoking parts of the Glass-Steagal Act in 1999.  (See &#8220;<a href="http://towneforcongress.com/economy/the-money-matrix-what-the-heck-are-derivatives-part-1015" target="_blank">What the Heck Are Derivatives?</a>&#8221; in case you are wondering.)</p>
<p style="text-align: justify;">While the future holds more short-term economic pain, if society recognizes the actions of the government as the root cause, we will have a shot at mending the situation for ourselves and future generations.  A world where people own their money is the vital missing key to improving the living standards and comfort of all mankind.  Today&#8217;s problems are not solvable by the harsh<em> dictat </em>of government, but instead by the free will and ingenuity of all individuals.</p>
<p style="text-align: justify;"><strong>TOWNE FOR CONGRESS</strong></p>
<p style="text-align: justify;">PS &#8211; If you have any paper or electronic dollars you don&#8217;t want, feel free to donate them to the campaign during the August 16th Money Bomb, <a href="http://towneforcongress.com/events/patriots-money-bomb-on-august-16/" target="_blank">see here for details</a>.   See also the platform article &#8220;<a href="http://towneforcongress.com/platform-issues/sound-money-and-jobs/" target="_blank">Sound Money and Jobs</a>&#8221; for more info.</p>
<p style="text-align: justify;"><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="350" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="src" value="http://www.youtube.com/v/I7T7a7K8-_s" /><embed type="application/x-shockwave-flash" width="425" height="350" src="http://www.youtube.com/v/I7T7a7K8-_s"></embed></object></p>


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		<title>The Economy in Pictures</title>
		<link>http://towneforcongress.com/economy/the-economy-in-pictures-2/</link>
		<comments>http://towneforcongress.com/economy/the-economy-in-pictures-2/#comments</comments>
		<pubDate>Thu, 05 Aug 2010 18:59:13 +0000</pubDate>
		<dc:creator>Jake Towne</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[15th congressional district]]></category>
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		<description><![CDATA[<p align = 'center'></th></tr></table><br/></p>&#8220;Truth persists and illuminates, even if there is no one to utter it.&#8220; Government is not the solution; rather, it is causing the problems.  The below slides (view at Scribd, backup PDF) highlight the economic situation, updated from a May presentation.  I&#8217;ve written about the solutions to the unemployment problem, the deficit, Social Security, and [...]]]></description>
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<p style="text-align: justify;"><strong>&#8220;Truth persists and illuminates, even if there is no one to utter it.</strong><strong>&#8220;</strong></p>
<p style="text-align: justify;">Government is not the solution; rather, it is causing the problems.  The  below slides (view at <a href="http://www.scribd.com/doc/35430462/Jake-Towne-for-US-Congress-PA-15-Economy-in-Pictures-AUG-2010" target="_blank">Scribd</a>, <a href="http://towneforcongress.com/uploads/files/Campaign%20Presentations/Jake%20Towne%20for%20US%20Congress%20PA-15%20-%20Economy%20in%20Pictures%20(AUG%202010).pdf" target="_blank">backup PDF</a>) highlight the economic situation, updated from<a href="http://towneforcongress.com/economy/the-economy-in-pictures/" target="_blank"> a May presentation</a>.  I&#8217;ve written about the solutions to the unemployment problem, the  deficit, Social Security, and the high costs of health care which are  linked below.</p>
<p>For Liberty and the Constitution,</p>
<p>Jake Towne</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/deficit.jpg"><img class="alignnone size-full wp-image-3422" title="deficit" src="http://TowneForCongress.com/wp-content/uploads/2010/08/deficit.jpg" alt="" width="620" height="491" /></a></p>
<p style="text-align: justify;"><strong><em>Will the real national debt please stand up?</em> </strong>The national debt published in the papers and online &#8211; which is closely tied to the USTreasury  market  is now over $13.3 trillion.  Current government plans include  massive  deficit spending through 2013, and the government&#8217;s optimistic   projections of a return to &#8220;normalcy&#8221; after 2013 are not anchored in reality.  <a href="http://www.nolanchart.com/article6512.html">Source of budget data</a>.</p>
<p style="text-align: justify;">However, the true national debt is hidden by the cash-based accounting method government uses.  The true national debt is over $120 trillion when GAAP (Generally Acceptable Accounting Principles) are used to   identify <strong>future </strong>taxation sources and <strong>future </strong>debts such as Social Security and Medicare.  That&#8217;s around $400,000 for every man, woman, and child in the country.  Massive reductions in spending and taxation are necessary if America is to regain its financial sovereignty, my proposals are <a href="http://towneforcongress.com/economy/talk-on-monetary-policy-to-cc-upper-perkiomen-valley-for-small-government-1/" target="_blank">outlined here</a> and in &#8220;<a href="../economy/guns-or-health-care-1">Guns or Health Care?</a>&#8220;</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/7.jpg"><img class="alignnone size-full wp-image-3423" title="7" src="http://TowneForCongress.com/wp-content/uploads/2010/08/7.jpg" alt="" width="549" height="458" /></a></p>
<p style="text-align: justify;">As seen in <a href="http://gao.gov/financial/fy2009/09frusg.pdf" target="_blank">the official USTreasury report</a> on page 178/254, the total unfunded liabilities for Medicare and Social   Security is a jaw-dropping $107 trillion over the future of these   programs.  While I predict the Democrats may bear the brunt of the blame   for the collapse of Medicare, one must not forget that it was the   Republican&#8217;s massive expansion of Part D&#8217;s prescription drug plan under Bush that   severely worsened Medicare&#8217;s fiscal situation.  While the situation in Medicare is worse &#8211; and changing daily due to the new healthcare legislation &#8211; some of my proposals to maintain Social Security are outlined in &#8220;<a href="http://towneforcongress.com/economy/social-security-or-insecurity/" target="_blank">Social Security or Insecurity?</a>&#8220;</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/Jobs-Govt.jpg"><img class="alignnone size-full wp-image-3424" title="Jobs Govt" src="http://TowneForCongress.com/wp-content/uploads/2010/08/Jobs-Govt.jpg" alt="" width="616" height="464" /></a></p>
<p style="text-align: justify;"><strong>“<em>He  has erected a multitude of New Offices, and sent hither swarms of  Officers to harass our People, and eat out their substance.</em>”</strong> – Declaration of Independence, 1776</p>
<p style="text-align: justify;">The quote above from the Declaration is far more true in 2010 than it was in 1776.   Not counting the millions of government contractors, the government&#8217;s Republocrat-controlled work force is currently <a href="ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt">22.8 million bureaucrats</a>.  This is America&#8217;s largest single job sector, and remember, the taxpayer bears the full cost to keep these bureaucrats employed.  Like something out of an Orwell novel, <a href="http://projects.washingtonpost.com/top-secret-america/articles/" target="_blank">the Washington Post estimates</a> 854,000 bureaucrats are employed to spy on and keep tabs on the rest of us and the world.  <a href="http://www.cartoonistgroup.com/properties/wpwg.php?id=92&amp;today=2010-07-21" target="_blank">Lisa Benson&#8217;s cartoon says it all</a>.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/Salary.jpg"><img class="alignnone size-full wp-image-3425" title="Salary" src="http://TowneForCongress.com/wp-content/uploads/2010/08/Salary.jpg" alt="" width="558" height="418" /></a></p>
<p style="text-align: justify;">Keep in mind bureaucrats make <a href="../jakes-bio/salary-benefits-term-limits">nearly twice</a> the average wage of the private sector, and have better benefits.  My solution?  Lead by example.  <a href="http://towneforcongress.com/jakes-bio/salary-benefits-term-limits/" target="_blank">I will refuse</a> the elite congressional pension and healthcare plans when elected, and keep just the median income for a salary and donate the rest of the $116,000 to local non-profit hospitals.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/Food-Stamps.jpg"><img class="alignnone size-full wp-image-3426" title="Food Stamps" src="http://TowneForCongress.com/wp-content/uploads/2010/08/Food-Stamps.jpg" alt="" width="586" height="435" /></a></p>
<p style="text-align: justify;">Next, notice that more than 1 in 8 Americans are on food stamps, or 40.4 million people.  <a href="http://www.fns.usda.gov/pd/34SNAPmonthly.htm">USDA link here</a>.   Note the strong rise in number of SNAP food stamp recipients during the  past year.  One would expect to see this number dropping or even  flat-lining &#8211; along with employment rising &#8211; if a recovery were  underway.  The annual projected cost is now $66 billion, paid for by the ever-diminishing work force.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/BLS.jpg"><img class="alignnone size-full wp-image-3427" title="BLS" src="http://TowneForCongress.com/wp-content/uploads/2010/08/BLS.jpg" alt="" width="579" height="405" /></a></p>
<p style="text-align: justify;"><em><strong>No jobs, no recovery.</strong></em> <a href="http://www.bls.gov/news.release/empsit.t15.htm">BLS link here</a>.   Note that while the &#8220;newspaper&#8221; unemployment rate is still 10%, the U-6  figure &#8211; which more accurately describes total unemployment is 17% &#8211; a  depression statistic.  <a href="http://www.bloomberg.com/news/2010-08-04/u-s-consumer-bankruptcy-filings-rose-9-percent-in-july-from-previous-year.html" target="_blank">An estimated 1.6 million</a> will file for bankruptcy this year.   I&#8217;ve described the common sense solutions to end  the rampant unemployment created by the government almost overnight in <a href="../platform-issues/jobs">the campaign&#8217;s Jobs plank</a>.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/sgs-emp.gif"><img class="alignnone size-full wp-image-3428" title="sgs-emp" src="http://TowneForCongress.com/wp-content/uploads/2010/08/sgs-emp.gif" alt="" width="500" height="320" /></a></p>
<p style="text-align: justify;">Since the BLS drops off workers from its U-6 figure, the real unemployment rate is likely greater than 17%.  <a href="http://www.shadowstats.com/alternate_data">Shadowstats estimates</a> the rate at about 22%.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/HousingStartsJuneLong.jpg"><img class="alignnone size-full wp-image-3429" title="HousingStartsJuneLong" src="http://TowneForCongress.com/wp-content/uploads/2010/08/HousingStartsJuneLong.jpg" alt="" width="633" height="463" /></a></p>
<p style="text-align: justify;">The number of new housing starts <a href="http://www.calculatedriskblog.com/2010/07/housing-starts-decline-in-june.html" target="_blank">has reached</a> a 5-decade low, while <a href="http://money.cnn.com/2010/02/23/real_estate/underwater_rates_rise/">about 25%</a> of all residential mortgages are underwater.  Note that in prior recession cycles, a quick rebound occurred while this depression looks more like a dead cat bounce.  This is because&#8230;.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/Fed-balance-sheet.jpg"><img class="alignnone size-full wp-image-3430" title="Fed balance sheet" src="http://TowneForCongress.com/wp-content/uploads/2010/08/Fed-balance-sheet.jpg" alt="" width="616" height="450" /></a></p>
<p style="text-align: justify;"><a href="http://towneforcongress.com/platform-issues/federal-reserve/" target="_blank">The Federal Reserve</a> bailed out the bankers and Freddie Mac and Fannie Mae.  The above is built from <a href="http://www.federalreserve.gov/releases/h41/current/">the Federal Reserve H.4.1 data here</a>.   The red line is the total (reported) balance sheet of the FED, which  has more than doubled since the time of the Banker Bailout.  While the  original TARP bailout (not shown) accounted for much of the initial  sharp increase, most of the debt has been replaced by $1.12 <strong><em>trillion </em></strong>of mortgage-backed securities (the purple line).</p>
<p style="text-align: justify;"><strong>This graph shows the nationalization and propping of America&#8217;s entire residential housing industry.</strong> The yellow and green lines show the cumulative totals of USTreasury and  USAgency debt held by the FED.  While the Federal Reserve has admitted  it will take losses on the MBS debt, the question remains as to how much  and when.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/9.jpg"><img class="alignnone size-full wp-image-3439" title="9" src="http://TowneForCongress.com/wp-content/uploads/2010/08/9.jpg" alt="" width="513" height="376" /></a></p>
<p style="text-align: justify;">The  purchasing power of the dollar has lost well over 94% since FDR took  America off the classical gold standard in 1933 through monetary  inflation.  The monetary inflation is caused by the Federal Reserve.  They debase  the dollar by creating more and more irredeemable paper dollars, which is of increasing concern<a href="http://towneforcongress.com/economy/chinese-devalues-us-treasury-bonds/" target="_blank"> since China has stopped buying</a> Treasury debt.  A major reason why healthcare now appears so expensive is this money-printing, as I highlighted in my article &#8220;<a href="http://towneforcongress.com/economy/health-care-solutions/" target="_blank">Health Care Solutions</a>.&#8221;  Graph  provided by Bloomberg Financial, 2009.</p>
<p><a href="http://TowneForCongress.com/wp-content/uploads/2010/08/FDIC-for-ppt.jpg"><img class="alignnone size-full wp-image-3450" title="FDIC for ppt" src="http://TowneForCongress.com/wp-content/uploads/2010/08/FDIC-for-ppt.jpg" alt="" width="487" height="345" /></a></p>
<p style="text-align: justify;">To cap off the situation with the dollar, the <a href="http://www2.fdic.gov/qbp/2010mar/qbp.pdf">latest quarterly banking profile</a> from the FDIC state the deposit insurance fund (DIF) is bankrupt.   While consumers at failed banks still receive &#8220;insured&#8221; funds, the  losses are presumably filled in with dollars from the FED, as <a href="../economy/fdic-we-arent-bankrupt-and-everything-is-a-ok">reported last here</a>.  The current FDIC &#8220;watch list&#8221; rose to 775 banks, or almost 10% of all FDIC-insured banks in the US per p. 3/26.</p>
<p style="text-align: justify;">In summary, do not expect a recovery until the Republocrat ruling elite are removed from power or are forced to address the problems the rest of society faces.  As the extravagant $5 million <a href="http://www.dailyrecord.co.uk/news/uk-world-news/2010/08/02/chelsea-clinton-marries-in-3m-sunset-wedding-ceremony-86908-22457929/" target="_blank">Bill Clinton wedding</a> under heavy security &#8211; possibly paid for by the taxpayer &#8211; and $7 million John Kerry yacht (<a href="http://www.bostonherald.com/track/inside_track/view.bg?articleid=1269698" target="_blank">and avoidance of &gt;$500,000 in taxes</a>) demonstrate, the elite are not exactly suffering.</p>
<p style="text-align: justify;">As Stuart Carlson&#8217;s <a href="http://www.gocomics.com/stuartcarlson/2010/07/12/" target="_blank">great cartoon</a> shows, the &#8220;Great Recession&#8221; still has a firm grip on the economy.  Sadly, the truth is the situation in America will not improve until the  government removes its jackboots from the throat of the economy.   Ceasing all special privileges to special groups would help as well.</p>
<p>That Freedom Shall Not Perish,</p>
<p><strong>TOWNE FOR CONGRESS</strong></p>
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