GOP Senate candidate proposes state-run Virginia bank
Image via Wikipedia
One that is backed by gold and silver.
He should take it to the next step and propose secession from the union.
Promoting the merits of “small government” may be all the rage for national Republican figures, but in Virginia a GOP politician collecting signatures for a U.S. Senate campaign is proposing something slightly different.
Delegate Bob Marshall, who has represented his northern Virginia district since 1992, introduced a curious piece of legislation on Dec. 27 to establish a joint legislative subcommittee aimed at “establish[ing] a bank owned, controlled, and operated by the Commonwealth.”
Last week news outlets reported that Marshall is weighing another Senate run. He lost the Republican Senate nomination in 2008 to former Gov. Jim Gilmore by a razor-thin margin.
A cursory reading of Marshall’s bill reveals that he is fond of North Dakota’s state-run bank and would like Virginia to follow in its footsteps.
If the idea seems peculiar, the legislation makes it clear that Marshall considers the money-making possibilities a potential boon for his state’s budget.
“[T]he state of North Dakota currently engages in the business of banking, owns, controls, and operates a bank known as the Bank of North Dakota,” the bill notes. “[Virginia] is expected to have a budget shortfall of between $1.8 billion and $3.6 billion in 2010 and North Dakota is expected to have an $800 million budget surplus.”
President Obama Has Raised More Money From Wall Street Than Any Politician in American History
This opinion piece from Joe Scarborough in the Politico is worth a read:
One of the most famous scenes in movie history comes from “Casablanca,” when a corrupt official shuts down Humphrey Bogart’s cafe. Bogart asks the French captain — who also happens to be a gambling aficionado — why he’s closing the joint down. His response is a classic.
“I am shocked, shocked to find that gambling is going on here.”
Political commentators have referred to Capt. Renault’s uproarious line for years when calling out hypocritical politicians. But few political narratives ever fit that scene as tightly as President Barack Obama’s bipolar approach to Wall Street. To fully understand the extent of Obama’s double-speak, it helps to let the “Casablanca” scene play out a bit, because after the corrupt captain makes his self-righteous declaration, a croupier hands him cash and says, “Your winnings, sir.”
Capt. Renault quietly thanks the croupier and then quickly returns…
Uploaded by liarpoliticians on Oct 14, 2011
The social security system in Europe is getting attacked by governments in an attempt to give the money saved to the crooked bankers. Eventually, this will backfire on the bankers and politicians forcing such measures through. Why think that people will stand for making crooked bankers and politicians even richer?
Recorded from Russia Today, 10 October 2011.
The #regulators and the #Banks.
I have strong feelings, why the government is now going after so called illegal dealings at banks. Is a way of closing any bank they the government do not like. Then also to limit the compaction and create more monopoly crony capitalism . Just see what the government is doing to Gibson guitar and think what they could do to any independent banks that are still operating. Especially banks that do not tow the leftest party line.
Am I being paranoid?