Another Obama Move Toward Socialism

Do any of you still doubt his intentions? This is socialism, SOCIALISM. That's bad, it's a bad thing, read your history books (so long as they aren't history books from public schools). Socialism leads to severely limited freedoms, to enormous almost entire state control. It leads to suppression of free speech, to supression of religion, to suppression of all the things you hold dear. We need to stop these preliminary steps, if we are to avoid a very bleak future.
Furthermore, ONLY Congress may legislate and make rules for ALL of government; The 10th Amendment protects rights of the states, prohibiting the feds from any actions not delegated to them in the Constitution. They have been given no powers to do what is discussed in the following article; The Federal Reserve is NOT a branch of ANY government.

U.S. Seeks Expanded Power to Seize Firms
Goal Is to Limit Risk to Broader Economy

By Binyamin Appelbaum and David Cho
Washington Post Staff Writers
Tuesday, March 24, 2009; A01

The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.

The government at present has the authority to seize only banks.

Giving the Treasury secretary authority over a broader range of companies would mark a significant shift from the existing model of financial regulation, which relies on independent agencies that are shielded from the political process. The Treasury secretary, a member of the president's Cabinet, would exercise the new powers in consultation with the White House, the Federal Reserve and other regulators, according to the document.

The administration plans to send legislation to Capitol Hill this week. Sources cautioned that the details, including the Treasury's role, are still in flux.


Anonymous said...

Since nobody evidently knows the Constitution anymore, nobody is making the connection that Obama and Congress don't have the constitutional authority to do the things that they are doing; not only was Obama's oath to defend the Constitution pure theater, but the current generation of Americans are certainly not the "sons and daughters" of the Founders.

But I'm glad that Obama is president for the following reason. The people will ultimately be forced to reconnect with the Constitution and its history in order to protect themselves from Socialist Obama's misguided pen.

TheCapitalist said...

Norman Thomas, the Founder of the ACLU once said the following:
"The American people will never knowingly adopt socialism, but under the name of liberalism they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened."


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