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Congress – You Have No Right To Your Own Money

J.J. Jackson* | October 2, 2006 

The hardcore socialists of the Democratic Party and the not quite so hard core socialists of the Republican Party have banded together to present a Bill for President Bush (quite socialist in his own right) to sign. Their goal? Prevent you from being able to spend your money as you want to spend it even when you are causing harm to someone else’s rights.

Congress is still of the belief that somewhere in the Constitution they are granted unlimited power to regulate anything they so choose. Their attack on people choosing to gamble with their money (Heaven forbid right?) continues.

Billions of pounds were wiped off the value of online gaming stocks in London today after a controversial move to prevent internet gambling in the US.

Shares in the sector tumbled by as much as 80% as investors reacted with dismay to new laws in the US which ban banks and credit card companies from processing payments to online casinos.

The legislation was a major blow for firms such as Party Poker owner PartyGaming and 888 Holdings, which rely heavily on the US for business.

The two companies said today that they would suspend business in the US indefinitely once President George Bush signs the Bill into law - a move expected within two weeks.

Shares in PartyGaming tumbled as much as 62% while 888 was down 50% and Sportingbet was off more than 70%. World Gaming plummeted 80% after it was also hit by the end of takeover talks with Sportingbet, and online money transfer company Neteller fell 60%. - RTE.ie

Congress continues to show that they want to manipulate the economy which is far beyond their assigned powers. Nothing like taking a bite out of people’s investments right? But I guess they have to do this. After all if the market is allowed to operate and continue to trounce their socialist welfare programs in terms of return on investment the cries against forced savings like Social Security would only grow.

The only way they can continue to justify such unconstitutional savings programs is to make sure the market doesn’t operate efficiently by over regulating it and even outlawing certain segments of it as well. They do not care who they harm in their pursuit of power. They just want their power.

Conservative Comebacks to Liberal Lies: Issue by Issue Responses to the Most Common Claims of the Left from A to Z (Book) Authors:Gregg Jackson Manufacturer:JAJ Publishing Released:18 July, 2006

More Liberty Means Less Government: Our Founders Knew This Well (Hoover Institution Press Publication ; No. 453) (Book) Authors:Walter E. Williams Manufacturer:Hoover Institution Press Released:April, 1999

Contributor's website: http://www.libertyreborn.com




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