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June 16, 2009
Obama Helps Himself to More Power
Posted by Dave Blount at June 16, 2009 9:34 AM
The socialist blitzkrieg continues on all fronts. While one hand attempts to nationalize the entire healthcare industry, the other paves the way for a government takeover of whatever company it pleases:
The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression …
Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies — such as insurance giant American International Group Inc. — whose failure jeopardizes the financial system.
The plan will also increase federal micromanagement of business. This used to be known as "fascism."
Lawrence Summer's, Comrade Obama's chief economic advisor, explains why measures to cripple business are shoved through when the economy desperately needs a chance to recover:
There are people who believe that the wrong time to reorganize the fire department is while the fire may still be burning. The president has concluded very strongly that that view is wrong. … Experience teaches that once the crisis has passed, the will to reform will pass as well.
This is why FDR imposed economically insane policies that prolonged the Great Depression for a decade. So long as the government keeps the crisis going, it can help itself to the last of our liberties.
The future of freedom is in this punk's hands.
On a tip from nancz.
