Easy to follow low-key video explaining in easy to follow terms how Obama and his 40 Thieves caused the Housing Crisis.

Bailout bill invades your wallet and your privacy

As if the interfering in the market and spending $812 billion isn’t enough, the bailout passed by Congress and signed by President Bush contains an IRS snooping provision:

The bailout bill also gives the Internal Revenue Service new authority to conduct undercover operations. It would immunize the IRS from a passel of federal laws, including permitting IRS agents to run businesses for an extended sting operation, to open their own personal bank accounts with U.S. tax dollars, and so on. (Think IRS agents posing as accountants or tax preparers and saying, “I’m not sure if that deduction is entirely legal, but it’ll save you $1,000. Want to take it?”) That section had expired as of January 1, 2008, and would now be renewed.

Starting with the so-called Anti-Drug Abuse Act in 1988, the IRS has possessed this authority temporarily, with occasional multiple-year lapses. A 1999 internal report said the IRS had 126 “trained undercover agents” working in field offices at the time. This is the first time that such undercover authority would be made permanent.

Sens. Max Baucus (D) and Chuck Grassley (R) have been pushing to make it permanent for a while, claiming (PDF) in April that: “Undercover operations are an integral part of IRS efforts to detect and prove noncompliance. The temporary status of this provision creates uncertainty, as the IRS plans its undercover efforts from year to year.”

There’s another section of the bailout bill worth noting. It lets the IRS give information from individual tax returns to any federal law enforcement agency investigating suspected “terrorist” activity, which can, in turn, share it with local and state police. Intelligence agencies such as the CIA and the National Security Agency can also receive that information.

The information that can be shared includes “a taxpayer’s identity, the nature, source, or amount of his income, payments, receipts, deductions, exemptions, credits, assets, liabilities, net worth, tax liability, tax withheld, deficiencies, overassessments, or tax payments, whether the taxpayer’s return was, is being, or will be examined or subject to other investigation or processing, or any other data received by, recorded by, prepared by, furnished to, or collected by the Secretary with respect to a return.”

That provision had already existed in federal law and automatically expired on January 1, 2008.

What’s a little odd is that there’s been little to no discussion of the IRS sections of the bailout bill, even though they raise privacy concerns. Treasury Secretary Henry Paulson said this week: “I will continue to work with congressional leaders to find a way forward to pass a comprehensive plan to stabilize our financial system and protect the American people by limiting the prospects of further deterioration in our economy.” He never mentioned the necessity of additional IRS undercover operations.

Bob recently said in a video on privacy, “When government grows so large that it knows virtually everything a person is doing, then you have no freedom.” Renewal of this provision is just another example of the government ignoring our basic liberties. My friends, this is why we need Bob Barr in the White House. 

Thanks Sandy,

This is one of the best jam packed sites I have seen to date, thanks for posting it, and I hope everyone who wants the truth research it for themselves, the truth is out there, but the slanted media sure does a good job of supressing it.

The facts are the facts, no matter who reports it, but if I had as much tainted fraudsters all around my campaign, all it is says is they are more arrogant than ever to think the majority of American's are nothing more than blind followers of any empty suit that has nothing to offer anyone unless you are a crook, which is what will come out sooner or later. 

Raines is just one of the biggest crooks so far, and who put this fox in to protect the chicken coop, called FannieMae?  It all started with Carter, and then expanded by Clinton, who also is well known for all the crooks he was associated with, so is it any wonder that Barney Frank is still trying to protect these crooks.  Again, the truth is out there if you care to research it like Sandy has done for all of us.

Thanks Sandy,