Inhofe says Treasury Secretary made dire
warnings in conference call on September 19th
Paul Joseph Watson
Prison Planet.com
Thursday, November 20, 2008
Senator James Inhofe has revealed that Henry
Paulson was behind the threats of martial law and a new great depression prior
to the passage of the bailout bill, having made such warnings during a
conference call on September 19th, around two weeks before the legislation was
eventually approved by both the Senate and Congress.
As we reported at the time,
on October 2, Democratic Congressman Brad Sherman gave a stunning speech on the
House floor during which he decried the fact that, “Many of us were told in
private conversations that if we voted against this bill on Monday that the sky
would fall, the market would drop two or three thousand points the first day,
another couple of thousand the second day, and a few members were even told
that there would be martial law in America if we voted no.”
A few days before,
Rep. Michael Burgess also told the House, “Mr. Speaker I understand we are
under Martial Law as declared by the speaker last night,” referring to a
temporary suspension of the rules and procedures of Congress by its leaders so
that a bill can be passed quickly.
But the origin of the
most dire warnings about physical martial law in America, to which Sherman was
likely referring, has now been exposed.
Speaking on Tulsa Oklahoma’s 1170 KFAQ, when asked who was behind threats of
martial law and civil unrest if the bailout bill failed, Senator James Inhofe
named Treasury Secretary Henry Paulson as the source.
“Somebody in D.C. was
feeding you guys quite a story prior to the bailout, a story that if we didn’t
do this we were going to see something on the scale of the depression, there
were people talking about martial law being instituted, civil unrest….who was
feeding you guys this stuff?,” asked host Pat Campbell.
“That’s Henry
Paulson,” responded Inhofe, “We had a conference call early on, it was on a
Friday I think – a week and half before the vote on Oct. 1. So it would have
been the middle … what was it – the 19th of September, we had a conference
call. In this conference call – and I guess there’s no reason for me not to
repeat what he said, but he said – he painted this picture you just described.
He said, ‘This is serious. This is the most serious thing that we faced.’”
Inhofe said that
Paulson told members of Congress the crisis would be “far worse than the great
depression” if Congress didn’t authorize the bill to buy out toxic debt, a
proposal “which he abandoned the day after he got the money,” added Inhofe.
Inhofe is referring to
the controversy last week when it emerged that the bailout money was not going
to buy up toxic debt but instead Paulson, the former CEO of Goldman Sachs, had
pulled a bait and switch and ordered the money be injected directly into banks.
Senator Inhofe has slammed the secrecy surrounding the
destination of the bailout money, saying that Hank Paulson could
have given it to his friends and that the “blank check” must be cancelled now.
Inhofe is now trying
to rally support for a freeze on what’s left of the initial $350 billion of
bailout money with his “roll back the bailout” proposal, which will also
require an affirmative vote on the part of Congress to approve Treasury’s plan
for the remaining $350 billion.
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