As campaign manager for Eric Sundwall, the Libertarian Party candidate for Congress in the special election March 31, 2009 to replace Kirsten Gillibrand who was disqualified by the New York State Board of Elections over a minor technicality, I devised a proposal to amend the existing economic stimulus plan and its probable sequels. Sundwall embraced them in his campaign www.sundwall4congress.org before its premature demise, leaving him with a sizable debt.
Considering the lopsided majorities held by the Democrats in the US Senate and House of Representatives it is almost inevitable that Obama’s economic stimulus plans would have and will be enacted. Therefore, if I were in Congress I would try to limit their harm and seek some improvement over the preexisting situation.
Therefore, I drafted these proposals. First, I would enact Congressman Ron Paul’s bill to audit the Federal Reserve System. Second, I would bar the use of stimulus money to fund professional sports teams or their facilities. Third, I would prohibit the use of stimulus funds to finance eminent domain that would transfer private property to other individuals, firms or associations. Fourth, I would prohibit any stimulus financing going to any international lending institutions such as the International Monetary Fund (IMF) or World Bank.
For example, the second and third amendments I proposed would bar federal funding of projects such as Bruce Ratner’s Atlantic Yards scheme in Brooklyn, New York which involve both corporate sports welfare and eminent domain abuse.
I have suggested amendments that might appeal to both Republicans and Democrats. They are libertarian approaches to heal our flawed political economy of state interventionism.
About the author: Richard Cooper is a international trade executive with a manufacturing firm on Long Island, New York, USA. He is active in the Libertarian Party on eminent domain and other issues. He was chair of the Libertarian Party of New York www.ny.lp.org. Recently, he was campaign manager of Eric Sundwall www.sundwall4congress.org