Tuesday, March 24, 2009

March of Fascism

Washington Post: "The administration's proposal contains two pieces.
First, it would empower a government agency to take on the new role of systemic risk regulator with broad oversight of any and all financial firms whose failure could disrupt the broader economy.

The Federal Reserve is widely considered to be the leading candidate for this assignment. But some critics warn that this could conflict with the Fed's other responsibilities, particularly its control over monetary policy.

The government also would assume the authority to seize such firms if they totter toward failure.
Besides seizing a company outright
, the document states, the Treasury Secretary could use a range of tools to prevent its collapse, such as guaranteeing losses, buying assets or taking a partial ownership stake.

Such authority also would allow the government to break contracts, such as the agreements to pay $165 million in bonuses to employees of AIG's most troubled unit.
The Treasury secretary could act only after consulting with the president and getting a recommendation from two-thirds of the Federal Reserve Board, according to the plan.

The arrogance of power being displayed by the treasury department over the past decade is astounding. After repeated failures and increases in the federal expenditures of Olympian proportions, this department and this administration pursues even more power. Power truly has corrupted. 10 people would be able to create a seizure.
(1 Tres. Sec + 1 POTUS + 8 Fed. Rsv. Members)

The end result of this proposal would be disastrous. Where Eisenhower warned of the rise of the Military-Industrial complex, this would be an order of magnitude worse. Creation of a Federal-Industrial complex is little different from that of a centrally planned economy, which has been shown time after time to be a dismal failure, lashing the freedom of man to the will of the state, fermenting a toxic brew of equal poverty floundering in corruption and brutality.

Free corporations are free. They are not to be owned by the nation, but to serve the people in a market that thrives on competition. When the real and legitimate threat of federal take over exists, it only exacerbates the hostile business climate that Washington DC seems so intent on creating. When a climate is hostile, business move. An example of unyielding weight can be found in the States of America, most obviously California. Those seeking success will find else where to operate.

It is obscene, literally obscene that any United States President would consider it a right and proper action to seize control of corporations for 'the public good'. When the negative incentive of failure is removed, there is no reason to avoid drastic risk. When these risks perpetuate more failures, the government will comply and again seize and nationalize even more corporations. This only leads to more risks which will necessitate even more nationalizations, as a vicious, snarling tornado of nationalization and free market destruction ensues.

I can find no other explanation for this variety of economic policy other then an intentional attempt at irrevocable damage to the freedoms the United States were based on. As the lackeys in Washington applaud, the liberty of our fathers vanishes before the very eyes of a apathetic public.

The giants upon whose shoulders we stand are in very real danger of being knee capped by the neo-fascist policies of Obama and his rotating pack of liberal wolves.


Solameanie said...

ROFL! Love that graphic. Very accurate.

Can you imagine Barney Frank's reaction if you called him a "jackbooted thug?"

Palm boy said...

He'd probably start sputtering like a swamped outboard engine like he did when O'reily went off on him last year.

I think I'll find a picture of a jackboot for one of these grumpy posts.

FAICA Soldier said...

The nastiest part of this is its self fulfilling nature. This is governing by fear and anxiety. A nation spoiled and greedy. Sure there would be pain if big companies go completely under...so what. Are we so weak that we are the only country that can't handle it? Banks, are you kidding me. There is no sound logic to this. Capital lends and invests. That's just how it works. We are a mass of consumers. This administration has already done more damage than I thought would happen in 4 years. I can't blame them alone though. This bailout trend was started under Bush and should never have begun. Now we have to stop the spiral and every step that it gets worse the government is going to try to grab for more, hailing themselves as heroes while they perpetuate the downfall. Alas in the end we are still spoiled and our Father works out everything in accordance with his will and good purpose. Throughout history when Godly nations prospered they would stray from Him and he would bring them down, always leading to a massive surge of the gospel. My faith and my hope is that this economic decline is a way for the world to be humbled. For that I would endure anything.

Sra. Madera said...
This comment has been removed by the author.
Sra. Madera said...

An uneducated, dependent electorate votes for those who will provide for them in their "hour of need" ie. Food, shelter, mortgage payments, healthcare, televisions, etc.
I believe that we are witnessing the judgement of God on our nation for its complacency and failure to act upon His guidance in leading our nation. We have become a nation of victims who look to government for our needs rather than our God-given abilities.
There is a remnant of those who believe in the foundational priciples of our nation who must stand strong, united and continue to voice our rejection of this agenda. It is our responsibility to educate the masses and try to right the ship before it goes under. Thus far,we are listing at about 10 degrees.

Palm boy said...

FAICA, Well stated.
I don't know if we'll be humbled, at least our leaders likely will not. But its going to hurt nonetheless.

Madera, I don't know if this is judgement, or just the cyclical tendencys of national economies and governmental theory come to roost. I personally believe the latter.

Solameanie said...

I wouldn't be too quick to write off the notion of God's judgment here. I think both could well be in play i.e. cyclical economics and judgment. One doesn't have to eliminate the other.

If we want to take a quasi-scientific route, the Second Law of Thermodynamics in things proceeding from order to chaos. Of course, that can also be the result of the Fall, LOL.