Anthony Librera, 2010 candidate for the 60th Assembly District, was recently quoted on SILive.com regarding the need for third-party alternatives to the failing two-party system.
Change doesn’t come from political parties. Change comes from people’s ideas. The two parties in control had their shot at running the government efficiently and they failed equally miserably. The incompetence among Democrat and Republican Party lines has been fantastic. How can you run a successful operation when you only reach a deadline six times in the last 35 years? Change must come from the people.
Continuing to switch from each of the big parties hasn’t solved anything and it’s naive to believe this time is the exception. Fortunately, Staten Island and Brooklyn have a grassroots movement away from these parties and into a truly representative party for the people, the Libertarian Party. The Libertarian Party is fielding three candidates for State Assembly, Dave Narby in the 61st District, Danny Panzella in the 63rd District, and me, Anthony Librera, in the 60th District. Tom Vendittelli will be challenging Michael McMahon for the congressional seat.
The time for more than just the lesser of two evils is here. There’s a voice for the voiceless this year, and it’s directly from the people. The way the seemingly forgotten founders envisioned America to be, everyone has a say this year.
The approval rate for Congress has been in the doldrums for quite some time. According to a basket of polls, it hasn’t been since March 2005 that more people approved than disapproved of the job they’re doing. It’s no wonder that grassroots organizations and third-party candidates are making a splash.
It’s going to be an exciting 2010 election, and we’re all looking forward to real change.
SUMMARY: Tom Vendittelli, candidate for Congress in New York’s 13th Congressional district, rips apart the recently-passed financial reform bill.
This week the U.S. House of Representatives passed a financial “reform” bill. Unfortunately, the bill will do nothing to avoid a future financial collapse, because it does not address the core problems of our economic system.
The legislation that has passed the House this week is only distracting and, ultimately, further destructive to our already fragile economy. If we want to be serious about financial reform in this country, we need to concern ourselves with the Federal Reserve. As long as we have a bank that operates outside the oversight of the people’s representatives in Congress, and which acts as a lender of last resort for banks and politicians, we can expect more of the same.
The Federal Reserve Bank acting as a lender of last resort is what creates the moral hazard that makes excessive risk seem so appealing. When there is a Federal Reserve that will create credit out of thin air for a “too big to fail” bank, there is no real risk of failure. The only real risk is the public anger that arises when average Americans realize they have been swindled by politically-connected organizations in collusion with their supposed “representatives” in Congress.
Artificially low interest rates set by the Fed under Alan Greenspan caused massive over-investment in housing and other sectors of our economy, which resulted in a bust that really signaled the end of an economic era. Under the new financial reform bill, the Fed will be further empowered, with even greater oversight and influence over the economy than they already possessed.
Considering the Fed was in no small part responsible for the bad investment and excessive risk that led to the collapse of our economy in 2008, why are they now being given even greater powers? This is akin to having the fox guard the hen house. To make matters worse, in an act of brazen mass hypocrisy, 114 Congressmen who had previously cosponsored legislation to audit the Federal Reserve (H.R. 1207), voted to strip the audit out of the financial reform package at the last minute. So much for oversight.
If we want true financial reform, for the sake of our freedom and liberty, we need to examine the Federal Reserve in depth and find out what they are doing behind closed doors. This week the United Nations announced that they should dump the dollar as a world reserve currency because it has been “unable to safeguard value.” A move like this would have direct negative consequences on the value of our currency. This is yet another signal that the Fed has failed, with disastrous results not only to the economy at large, but to our personal finances as well.
The Federal Reserve, at best, didn’t see the collapse coming; at worst, they are in collusion with some of the most powerful money interests in the world. Neither is a situation that warrants giving them greater influence over the economy.
This huge mistake of a bill is now moving onto the Senate. If anything, this has been instructive, as it shows us exactly whom the politicians in Washington work for. Rather than grant greater powers to the Federal Reserve, it is time to declare the 100-year experiment in American central banking to be a dismal failure, and return to the sound money of our Constitution. The future of freedom and prosperity demands it.
[The author, Tom Vendittelli, is a candidate for Congress in New York’s 13th district. This is the first of a three part series on financial reform.]
FOR IMMEDIATE RELEASE
Ed Stehlin, Chairman
Staten Island Libertarian Party
Island Libertarians Announce 2010 Candidates
Media Night Wednesday, June 9th
STATEN ISLAND, NY, June 10, 2010 – The Staten Island Libertarian Party announced that they will be running four candidates in the 2010 elections, covering New York’s 13th Congressional District and three New York State Assembly Districts.
The chapter, officially recognized by the Libertarian Party of New York in April 2010, has already begun reaching out to the community to raise awareness of their candidates and their party’s platform. Richard Bier, the group’s Vice-Chairman, says the party counts the ideals of individual liberty, limited government, free markets, and state’s rights as the cornerstones of their political platform.
For more information, visit the Staten Island Libertarian Party’s web site at www.statenislandlp.org, or email email@example.com.