Posted on 03/24/2009 7:03:33 AM PDT by Redwarning
B. Hussein Obama, meet Hugo Chavez.
Obama plans to bring legislation to the Congress this week to expand the government’s power to seize financial companies other than banks. The plan would seek “broad” oversight of any financial-related business of whatever nature whose failure could, in the opinion of the Anointed One, disrupt the “broader” economy. The range of “oversight” could include guaranteeing the firms losses with taxpayer dollars, taking an ownership interest in the firm with taxpayer dollars, voiding the firms contracts, limiting salaries and wages of firm employees, and seizing the firm outright.
(Excerpt) Read more at redwarning.blogspot.com ...
Not constitutional!!! NO!!!!!!!!!!!!!!!!!
When Mussolini did this some said he “made the trains run on time.” This bunch is trying the same power grab but will never be able to make anything run on time.
There is no fascism so inept as affirmative action fascism.
Marxine Waters dream come true.
Nationalize ‘certain’ industries.
Energy
Banks
Commodities
First they came for the banks ......
That was my thought - OIL
I am just speechless.
Considering how they’ll go after the First Amendment, “speechless” will just about sum it up pretty soon.
Along with “gunless.”
And homeless
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