Articles

Obama Must Act Now

Our troops in Afghanistan now occupy the drug producing area formerly occupied by the British. Why didn't the British, and why don't we bomb the drug labs in this area and destroy the dry crops. The street value of these drugs is estimated at $65 billion dollars, part of which goes to the Taliban who are killing our troops! Commander in Chief Obama has the power and the responsibility to deal a fatal blow to the drug trade. He should act now or resign.

- Art Dunn

Tax Derivatives
The Monterey County Herald
Monday, Dec. 7, 1998

President Clinton and other world leaders, meeting recently in Halifax, placed on their agenda discussion of measures to promote world financial stability. The Mexican bailout, the Orange County bankruptcy, as well as European banking failures were rightly cause for their concern.

The conference, however, failed to endorse a most effective step that could be taken to stabilize national economies. At the present time, 26-year-old youngsters in any of the many financial houses around the world could still endanger the livelihood of million of people by hyper speculation in derivatives, as was the case with the Barings bank trader in Singapore only a few months ago.

A reasonable tax on these financial instruments would cool off these markets and provide income for financially stressed governments. Such a tax would also provide a measure of protection for business and working people from out-of-control speculation

- Art Dunn

Trade Bureaucrats
Monterey County Herald
October, 21, 1997

The loyalists tell us that free trade and fast track will create jobs. But Third World jobs at 25 cents an hour destroys jobs and living standards for middle-class Americans.

The United States has the largest effective market in the world. We have the ability to enter into mutually beneficial trade agreements with other nations without the bureaucrats at the World Trade Organization, without GATT and without fast track. We don't need a global bureaucracy to promote strong and fair trade with other nations. What we do need is mutually beneficial nation-to-nation agreements without an international unelected bureaucracy to dictate our future.

- Art Dunn

Time to Rebuild Financial System
Monterey County Herald
January, 10 2010

Columnist Paul Krugman calls for the reform of our financial system. It can't be reformed. It's dead. we need a new system.

Fortunately, we have one. It's called the Constitution. Section 1 Article 8 states, "Congress shall have the power to coin money and regulate the value thereof." Obviously the founding fathers never gave that power to private bankers, and for good reason, as we have seen in the crash of 1929 and again today.

It's time for Congress to take back the power and put the present system into bankruptcy reorganization. It can then legislate the emission of credit into the new system to fund needed infrastructure and other useful programs that put our people to work and rebuild our economy.

- Art Dunn

Bankruptcy proceedings, not bailouts are needed
Monterey County Herald
August 28 2008

Wall Street fat cats have been looting the system for years with their outrageous salaries, bonuses and golden parachutes That they have looted the system to the bone, they turn to the taxpayer to bail them out of the mess they created by their excesses.

Bankruptcy proceedings, rather than bailouts, would be a better solution to the problem they have created. Under such proceedings, legitimate and payable debts could be paid and unpayable excesses written off.

Wall Street investment bankers have produced mostly debt pyramids instead of physical production and jobs. Local bankers on the other hand, provide essential loans for productive businesses in every community and should be protected if necessary. Bailing out the Wall Street debt pyramid will produce inflation instead of jobs. Don't go there.

- Art Dunn

 

 

Art Dunn for Congress
June 8th 2010 Primary Election

My dear fellow citizens:

We are on our way to a corporate-controlled (fascist) state. We must stop it now before it is too late.

The Constitution which millions of us pledged to protect and defend when we joined the armed forces states in Article 1 Section 8, "The Congress shall have power to coin money and regulate the value thereof". It does not give that power to the private bankers of the Federal Reserve. They have bankrupted our country twice now. Congress must assert its constitutional power and tell the Wall Street gamblers and their friends at the Fed that party is over.

The recent health care legislation sets up independent health care boards to cut costs. Germany had similar entities in the 1930's. The President and the Congress have a responsibility to know this history and to protect the people from similar consequences. Failing to do so should merit removal from office. President Clinton was impeached for a transgression with no such possibly devastation consequences.

Under this bill mandated reductions in the cost of medical care are slated to occur in Medicare and Medicaid (to start). Thus, the poor, the disabled and the elderly are the first to be targeted. You will be later. Anyone who voted for this bill should be ashamed of himself. The President and his people who crafted it should resign or be impeached before they go after your social security.

 

VOTE ART DUNN

The Independent Democrat for Congress

 

"My politics are short and sweet like the old woman's dance. I am in favor of the national bank; I am in favor of the internal improvements system and a high protective tariff."

-Abraham Lincoln in his first political speech, Pappsville, IL, 1832