Posted on 03/24/2009 11:21:13 AM PDT by Notoriously Conservative
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.
Hmm we’re pretty darn close to socialism already, if he keeps moving left, where do we end up?
Dude, when over 50% of the population are already dependent on government, we’ll end up with tyranny. The state making all decisions for the ‘common good’.
(Communism is anti human nature, you can’t get all the people to give up all property to the state nor will they all work)
And the very same liberals who screamed bloody murder about Bush’s wire tapping of calls made to KNOWN TERRORISTS outside the US, covered their eyes and plugged their ears when the zero wanted to EXPAND the wire taps to allow LEO’s to trace your cell phone location WITH NO WARRANT for whatever reason a paranoid JBT comes up with. Maybe it’s that “One Big Ass Mistake America” or “Ron Paul” bumper sticker.
“ONLY Congress may legislate and make rules for ALL of government.”
So what if Congress is run by twin vampires like Reid and Pelosi, and they legislate us into communism?
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