"If men were angels, no government would be necessary."
--James Madison, Federalist 51
Whenever I'm asked if it's really true that the Founding Fathers instilled "Judeo-Christian values' into the Constitution, I reply, yes, but not in the way you think. They did not mention God in the Constitution and specifically avoided giving Christianity any special place in the new government. But James Madison and others shared a very Christian view of human nature. It was because man was inherently sinful that we could not rely on good intentions, or even religious instruction, to keep things in line. That's why he and others constructed a set of checks and balances on government power.
It's also why Christians should favor vigorous government regulation of the financial markets. Greed will be with us forever. This will not be wiped out by business ethics courses, an invisible hand of the market, or even the memory of a financial collapse. It's not merely a surprising aspect of the current crisis. It's a fundamental part of human nature.
"Nothing can be more absolutely necessary to true religion, than a clear and full conviction of the sinfulness of our nature and state," preached Rev. John Witherspoon, who was President of the College of New Jersey (later renamed Princeton) when Madison attended.
When it came to unbridled government authority, Madison and others wanted a balance of power. For those who accept the basic depravity of man, why shouldn't the same reasoning apply to the financial sector?

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I don't thing the question is who is to blame for this mess, but what is the best way to fix it.
Historically whenever the government intervenes in private business, it gets worse. For years the banks have not had to take responsibility for there actions.A perfect example of this is giving credit cards to teenagers fresh out of high school, cats and dogs, this sub-prime loan mess is just the latest.
It's time that they they responsibility for their mess and not expect or demand a bail out from mommy and daddy (the government).
Let the market correct on its own
Anyone who reads the Declaration of Independence and Constitution [Google online constitution] will see that nothing about this country is Declarated nor Constitutional. When the government isn't doing the will of the people they intended thepeople to abolish that government and replace it in such a way the people get the greatest benifit. Every state is to name a presidental and vice- candicate (Amen. 12), one of which is not from the same state, eliminating parties. Congress (Article 1) are subjet to the will of the people but they never ask their constituents how to vote on any matter.
Now the government want to usecitizen's money to aid the rich, NO, I don't think so!!! The follosing is what we need to have done.
The 700 billion dollar bail out of the Stock Market should not happen. The Natives of North America lived in communities without money, they used what I call the "Service for Survival" plan. In it everyone, because of doing their part in maintaining the whole, got everything they needed for their survival. Just because we have more good and things than they doesn't mean it will not work. That system will work in this nation.
What the system will do is make everyone equals, eliminate covertness, eliminate the need to advertise, and require everyone to do a service for the nation. Retirement will, in a small since, be eliminated increasing life expectancy. AMA will require all drugs to be without side effects whose intent is to increase dependency on them. Hospitals will work to heal the condition rather than treat the symptoms. And for everyone, "if you don't work you don't eat".
Everyone will continue to work on the jobs they enjoy, entertainers will entertain, sportsman will entertain in the sporting arenas, transportation industry will transport people and goods, the auto industry will eliminate the restriction on MPG, owners of businesses will have to work just like the workers, there will be no investing of money for usury since the only money made will be for international trade.
If World Bank, S&C, House of Rolthchild, and Rolthchild want the existing system to remain they will have to bail out the "stock market" to continue money as the means of maintaining the nation. With everyone doing their jobs, teachers teaching, students studying, leaders leading for the purpose of maintaining the nation, we don't need "stock markets" and banks.
Only when a person visits a nation using money will they be provided money. Industries will have to keep all jobs in the United States to provide work for U.S. citizens. If a person wants something from another country they would have to find a means of obtaining it, only when the country NEEDS something from another country will money be
provided to get it.
That attitude IS NOT "Christian" it IS "humanitarian".
The Financial Regulation needed to have been implimented long ago, before eliminating United States' money being backed by "precious metals". Now, we don't need "Financial Regulation" what the United States needs is "Financial Elimination".
The 700 billion dollar bail out of the Stock Market should not happen. The Natives of North America lived in communities without money, they used what I call the "Service for Survival" plan. In it everyone, because of doing their part in maintaining the whole, got everything they needed for their survival. Just because we have more good and things than they doesn't mean it will not work. That system will work in this nation.
What the system will do is make everyone equals, eliminate covertness, eliminate the need to advertise, and require everyone to do a service for the nation. Retirement will, in a small since, be eliminated which will increase life expectancy. AMA will require all drugs to be without side effects whose intent is to increase dependency on them to earn money. Hospitals will work to heal the condition rather than treat the symptoms to earn money. And for everyone, "if you don't work you don't eat".
Everyone will continue to work on the jobs they enjoy, entertainers and sportsman will entertain in their arenas, transportation industry will transport people and goods, the auto industry will eliminate the restriction on MPG, owners of businesses will have to work just like the workers, there will be no investing of money for usury since the only money made will be for international trade.
If World Bank, S&C, House of Rolthchild, and Rolthchild want the existing system to remain they will have to bail out the "the banks" to continue money as the means of maintaining the nation. With everyone doing their jobs in "Service for Survival" government, teachers teaching, students studying, leaders leading for the purpose of maintaining the nation, we don't need "banks".
The only money needed would be for people who visit nations which use money. Industry would be required to keep jobs in our country. The only importing would happen in time of need andmoney would be provided for it, other wise, thered would not be a need for money.
Read [Google online constitution] the Declearation of Independence and Constitution, this nation has never followed the procedures outlined in them. A Service for Survival nation would bring s in line with the founders intentions for thisnation. George Washington said: "let s raise a nation only the wise and honest can repair. The event isin the hands of god."
I totally agree that government has a legitimate role in regulating behavior that harms the public good. The current financial crisis we are experiencing demonstrates what happens when greed is accepted as the primary driving force in our financial markets. Sadly, a lot of middle income people are going to harmed by the criminal conduct of a relative few in number.
Let us pray that our governmental leaders emerge with the strength of character from this people. Let us also pray that we work through this crisis with a minimal amount of harm.
God bless Ameria!
Well, if anything, Jefferson was an economic prophet in this quote:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson
What religious conservatives forget is that all of the Founding Fathers considered corporations very dangerous, and they and their children, the immediate generation following them, creates strong regulations, requiring that corporations only be temporary and that they could not do business across state lines. The founders were also extremely opposed to extremes of wealth and poverty, seeing this as a means by which those with extreme wealth use that wealth to control and supercede the powers of a democratic government. They were not levelers, or "socialists" but even before the revolution, the founders had ideas about the creation of old age pensions, stipends from the government for families, government provision of some minumum means for a person to provide themselves with an income, and also what we would now call a living wage. That is, the founders ideas that a person should be entitled to the full fruits of the labors did not just apply to the owners of a business, but to those who worked for a business owner as well.
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