Posted on 12/12/2009 6:45:28 AM PST by opentalk
The Socialist Juggernaut lurches forward to snatch further power and deprive Americans of further liberties in what is, without exaggeration, the proposed destruction of the free market and the free economy in the United States.
Congressman Barney Frank (D-MA) has introduced a massive bill to give the executive branch authority to bail out any corporation, as often as it wants without Congressional control.
Congresswoman Michele Bachman (R-MN) issued the warning today in an editorial which she penned for the Minnesota Star Tribue:
Star Tribune: Giving more power where power is not due
Wall Street and bureaucracy would benefit from pending reform.
Washington, D.C., Dec 11
The majority of Americans last fall were united against the $700 billion Wall Street bailout known as TARP. Proponents of the bill urged immediate action, claiming that a failure to act quickly would send the financial industry over the brink. They promised to examine the root cause of the crisis once financial markets were secure. One year later, the House is considering legislation that will result in the most far-reaching reforms of the financial services industry in our nation’s history.
But instead of addressing the real causes of the financial collapse and fixing bad government policies that led to the crisis, congressional Democrats want to codify the fiscally irresponsible bailout mania. Their bill would make taxpayer bailouts the permanent solution for dealing with reckless financial institutions in the future.
The 1,300-plus-page bill the House is scheduled to vote on today creates a “systemic risk regulator” tasked with determining which firms meet an undefined “too big to fail” test. It allows the government to tap a multibillion-dollar bailout fund to save troubled firms whenever it wants. This fund will be initially financed by a massive new tax on financial institutions and is expected to take $55 billion out of the hands of small businesses and job creators, leading to a loss of as many as 450,000 jobs. Should that fund run dry, taxpayers are on the hook to replenish it. And unlike TARP, this bill authorizes the Treasury Department and the Federal Reserve to completely bypass congressional approval and directly provide such lifelines to flailing firms.
That is textbook Mussolini fascism.
Gather Weapons and Ammo <-—check
Lock-and-Load!
After all, they did swear an oath to protect the country and its constitution from ALL enemies both foreign and DOMESTIC.
Or is that oath just a bunch of BS now?
This woman has more stones than the entire GOP put together (With far too few exceptions)
I heard parts of an interview from someone in military who said (paraphrasing ) it is not like the old military the guys at the top are very political. This was after the fort hood attack.
Can we ask the Canadians to finally invade Washington?
You don't see any other American Leaders bringing the dogs of the Left to their door with a similar message other than Sara Palin.
It is a sad state of affairs where the 2 most courageous leaders of resolve in America are both women.
What will they do? Bring a box of red roses a la trudeau?
One of Canadas greatest communists who got downgraded to a socialist?
Rank and file military are just as clueless and uninformed as the rest of America. I say that as a “rank and file” member myself. Most of us in this country have no idea what is really going on. When it hits the fan, and it will soon, people will not know what hit them.
I heard parts of an interview from someone in military who said (paraphrasing ) it is not like the old military the guys at the top are very political. This was after the fort hood attack.
It is definitely NOT like the “old military”. Our leadership are politicians with their own agenda. They would sell their own mothers for a promotion. There are no more Pattons, Halsey’s, Pullers, or MacArthurs.
Clear violation of our Constitution.
10th Amendment:
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.
It’s in the hands of the Generals now.
At some point the accumulated insults combined with the obvious power grabs, corruption and loss of liberty, all while their men die and the President plays golf, will force them to do the previously unthinkable.
That’s the best case outcome.
On the other hand, we could descend quietly into tyranny and third-world status.
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