Perhaps more than any other country, America was founded based on the rule of law rather than the rule of man. As a result, our military and our leaders pledge to defend our Constitution, not the President or any other political body. Likewise, the Constitution restricts the government from infringing on the rights of its citizens. Unfortunately, our politicians and our judges have veered away from these rules. The degree to which the government is no longer showing respect to these laws was highlighted this past year during the government’s actions in response to the financial crisis. It bailed out firms that had connections while letting hundreds of other firms go bankrupt – and yet there was no attempt at investigating how these decisions were made. It ignored the rights of the car manufacturer bond holders in order to give warrantless benefits to the unions, and the judicial branch sat idly by.

Jim wants to restore the rule of law to the business environment. He supports sufficient government regulations to protect the rights of the minority (e.g., small businesses) and ensure that the free-market stays free (e.g., to prevent monopolies); however, the government should not regulate the market to ensure what a preferred group perceives as being “fair.” History has proven that the fairest outcome is provided when businesses are allowed to openly compete with a minimum of regulation. Most other regulations will often result in disaster.
If elected, Jim will:
·      Sponsor legislation to terminate the $700 billion slush fund that was established by TARP.
·      Sponsor legislation to sell all government owned shares in private corporations
·      Oppose efforts to impose Card Check legislation
·      Support the effort for a full audit of the Federal Reserve