Steve G.

Archive for September 26th, 2008|Daily archive page

Schansberg: “Are you kidding me?”

In Libertarian, Libertarian Party-US, Politics on September 26, 2008 at 9:38 pm

Dr. Eric Schansberg, an economics professor and the Libertarian candidate for the U.S. Congress in Indiana’s 9th District, responded to President Bush’s call for a $700 billion bail-out in the financial sector—and called on Rep. Baron Hill to resist the urge to vote in favor of it.

Asked about the bail-out, Dr. Schansberg said: “There are many reasons—large and small—to oppose the President’s proposal. To start with, it’s not constitutional. Beyond that, it’s not ethical. Why should the government take money from taxpayers to subsidize bad decisions by lenders and borrowers? Finally, it’s unlikely to be practical.”

Expanding on how the bail-out would work in practice, Schansberg said, “Why would we want to give money to those who have misused it? Why would one expect the federal government to do a good job with this? We should have never got involved with Fannie Mae or Freddie Mac. We shouldn’t have subsidized risky decisions. This is welfare for the rich and a bail-out for bankers.”

On the broader issue of bail-outs and fiscal conservatism, Schansberg said, “President Bush and his Congresses have been spending money like it grows on trees: $300 billion for a farm bill, $168 billion to try to bail-out the economy, Fannie Mae, Freddie Mac, AIG, etc. The list goes on and on. Unfortunately, the patience of lenders financing our expanding debt will not go on and on. The dollar has already taken a beating, resulting most notably in much higher gas prices. We must return to fiscal sanity or we risk driving our economy into a ditch. $700 billion? Are you kidding me?”

Referring to Rep. Hill, Schansberg said, “Baron’s claim to be a fiscal conservative is simply not supported by the evidence

. But in this case, he has the opportunity to be a fiscal conservative on this one vote—by voting against any such proposal. I hope he will show leadership and courage on this issue.”

For more information on the campaign, see:

. To schedule an interview, contact Eric Schansberg at (812) 218-0443, Melanie Hughes at (502) 432-1930, or send an email to


Bob Barr’s contribution top $1 million

In Libertarian, Libertarian Party-US, Politics on September 26, 2008 at 9:17 pm

The contribution countdown ticker at has topped $1 million for the first time.

This caps off what deputy campaign manager Shane Cory describes as a wild week

Earlier this week, we received word that our case in Texas — where both John McCain and Barack Obama failed to certify their place on the ballot by the deadline — was denied.

The Texas Supreme Court denied it without comment. The order simply read, “The following petition for Writ of Mandamus is denied.”

The court did not even bother to make an argument as to why it’s acceptable for the two major parties to ignore the law.

If that’s not evidence of a double standard, I’m not sure what is.

Given our limited financial resources and limited time, we cannot appeal the decision at this time.

But here’s some great news!

Earlier this week, we won our substitution case in Massachusetts and will be on the ballot in the Bay State.

The following day, word came out of Baton Rouge that we won our case in Louisiana and will be on the ballot there as well!

We’re now on the ballot in 46 states and are awaiting word and action in Maine, Connecticut and Oklahoma.

Cory goes on to describe the future plans of the campaign:

Today, we’re kicking off our radio campaign in targeted states! Click here to listen to the first ad.

Next week, we begin our national television campaign.

We’re getting a heck of a deal on our radio spots and paying about $2 per spot.

Barr has recently published pieces asking to be included in the bailout discussions, as well as an op-ed in USA today asking to be included in the debates. He has called on the bailout to be rejected and offered to take McCain’s place in a debate with Obama.

If Obama does not accept, Barr will appear tonight in a live “counter-debate” at Reason magazine:

Please join reason, either in person or online, for a live counter-debate on Friday, Sept. 26, with Libertarian Party nominee Bob Barr, who will respond to John McCain, Barack Obama and moderator Jim Lehrer in real time. We will be live-blogging Barr’s responses at Hit & Run, and videotaping the whole proceedings, which will include a brief post-debate Q&A with reason staffers, bloggers, and other interested parties. The fun begins at 8:00 PM, the debate starts at 9:00 sharp, and the drinks will be provided by the Distilled Spirits Council of the United States. In a year rich with libertarian politics, the only place you’ll hear a candidate talking libertarian ideas will be in reason’s Washington headquarters.

What: Bob Barr debates the presidential debaters

When: Friday, September 26, 8:00 PM to 10:30 PM

Where: Reason HQ, 1747 Connecticut Avenue NW (near S Street)

RSVPs: A must. Send e-mail to, or call 310.391.2245.

Bob Barr removed from Louisiana ballot

In Libertarian, Libertarian Party-US, Politics on September 26, 2008 at 9:13 pm

at Ballot Access News

On September 26, the 5th Circuit removed Bob Barr from the Louisiana ballot. The three judges were Carolyn King (a Carter appointee from Texas), James Dennis (a Clinton appointee from Louisiana), and Priscilla Owen (a Bush Jr. appointee from Texas). The action was taken without any hearing. The case is Libertarian Party et al v Dardenne, 08-30922. Technically, the ruling only stays the decision of the U.S. District Court, and a ruling on declaratory relief will be held after the election.

The five-page order says that the state will suffer irreparable injury if the stay is not granted. That irreparable injury is that “absentee voters in the military and overseas will receive two ballots with different candidates, with a resulting likelihood of confusion and duplicate voting.” The ruling also says, “We recognize that the stay will inflict harm on the Libertarian Party, but we believe that the harm may well be of their own making.” The party has asked the U.S. Supreme Court to reverse the stay.

This brings Barr back down to 45 state ballot access, one state short of Ron Paul in 1988 and Ralph Nader this year. However, he still has court cases in Maine and Oklahoma, and a recount challenging the Connecticut Secretary of State’s determination that the Libertarian Party petition did not have enough valid signatures is underway.

Latest George Phillies media appearances

In Libertarian, Libertarian Party-US, Politics on September 26, 2008 at 9:09 pm

George Phillies, a Libertarian Presidential candidate currently on the ballot in NH, will be on TV — broadcast is Sunday

George Phillies interviewed by Todd Andrew Barnett and James Landrith 6PM Friday

In the eighty-eighth episode, Todd and Jim asks panelists LP presidential candidate George Phillies, LP activist Lidia Seebeck and her husband blogger Michael Seebeck, and The Liberty Conspiracy talk radio show host Gardner Goldsmith on topics such as Gard’s firing from 107.7 WPTL The Pulse, Bob Barr’s declining candidacy, the fall of the LP, the domestic and worldwide financial crisis (including the bailouts), and the never-ending McCain/Obama saga. In the second half of the second hour, Todd and Jim talk about AP News of the Day. to livestream Bob Barr debate commentary

In Libertarian, Media, Politics on September 26, 2008 at 9:01 pm to livestream Bob Barr debate commentary:

For those who can’t make it to the Bob Barr event in reason’s DC HQ tonight, we’ll be experimenting with a live stream online. The stream will go live at at 8:55 [pm Eastern time] with Bob Barr answering debate questions in real time. Comments will be enabled on the streaming site, so you can participate in the festivities no matter where you are.

Michigan Libertarians: Don’t bail out the bankers, throw out the incumbents

In Libertarian, Libertarian Party-US, Politics on September 26, 2008 at 8:59 pm



CONTACT: Libertarian Party of Michigan Chair Bill Hall, 616-460-9516 or Media Coordinator Mark Norrod, 616-902-0086


Scotty Boman US Senate; Daniel W Grow, US House District 1; Dan Johnson, District 2;

Erwin J Haas, District 3; Allitta Hren, District 4; Leonard Schwartz, District 5; Greg Merle, District 6; Kenneth Proctor, District 7; Will Tyler White, District 8; Adam Goodman, District 9; Neil Kiernan Stephenson, District 10; John J Tatar, District 11; John Vico, District 12; Greg Creswell, District 13; Rick Secula, District 14; Gregory Scott Stempfle, District 15

Libertarian Scotty Boman, candidate for U.S. Senate, joined Michigan’s candidates for all 15 U.S. House of Representative seats to renounce the proposed financial bail out of the mortgage banking system. “These problems were caused by the Republican and Democratic politicians in DC and the Federal Reserve!” Boman continued, “They created the government monopolies Fannie Mae and Freddie Mac. They required them to insure no-money-down loans at artificially low rates to people without the ability to pay them back. They inflated the money supply, driving down interest rates, and artificially inflating home and asset values. Giving the same incompetent government regulators even more control over the market would be insane.”

Leonard Schwartz, US House candidate for Michigan’s 5th District expressed similar outrage. He summarized the situation, “These firms made loans, which is naturally a risky business. They made a lot of money on most of those loans. Now they want us to pay for the ones that went bad. This situation is the same as if a casino wanted to keep all the wagers they won, but wanted taxpayers to cover all their payouts.”

“Their proposals are simply wrong,” stated Daniel Grow, 1st District candidate for U.S. Congress. “Banking is already highly regulated.” Mentioning the Securities and Exchange Commission, the 2002 Sarbanes-Oxley Act, and prosecutions by the US Department of Justice, Grow added, “Loose monetary policy and efforts to expand home ownership caused this crisis, and further regulation will not fix anything.” Attacking the bail-out proposals, Grow said, “Pumping in more money will at best only temporarily delay necessary adjustments, ultimately bringing a worse crisis, and is a thinly veiled effort to seek short-term political gain.”

Dan Johnson, candidate for the 2nd District, declared, “It is us hard-working Americans who work, save to buy a home, and pay our bills who are being asked to mortgage not only our future, but our children’s and grandchildren’s future to pay for this. We need to stop this now, and we need to elect a Libertarian Congress in November. Otherwise, we risk further federal manipulation of our economy, which will ultimately fail and drive us into a deeper and longer depression than will occur naturally without further manipulation. Should this bailout go through, we will have handed the inmates the keys to the asylum.”

Scotty Boman offered this proposal: “The fastest way out of this mess is to free those hard-working Americans who have demonstrated they are responsible with their finances to continue to work hard, invest in our economy, and create jobs. We must not tax, regulate and penalize them to bail out those on Wall Street and Main Street who have demonstrated they are not responsible, and will likely do the same thing again, and expect yet another bail out.”