Many of us on the right were very wary of the TARP bailout money, and with good reason; the government would hold the strings, we argued, and the banking system would come under Federal control.
Poppycock! we were told by the Media and other Liberal institutions; there will be no ownership of stock from the government. This is just a way to float loans to the banks. That changed almost immediately, and now the government holds “preferred” stocks meaning they get paid first, but do not hold a voting interest in the company.
Now that`s going to change as Our Savior, the Most Merciful Barack Hussein Obama has quietly announced that he`s changing the stock from “preferred” to “common”, making the United States Government the majority shareholder of over 500 financial institutions in America.
In short, with the stroke of a pen we have become a socialist entity. Government control of private businesses is socialism, and with the One essentially nationalizing the banking industry it will be impossible to get a loan for any business (and all business done in the United States requires borrowing at some time) without government strings as to how those dollars will be used. This means that a Lutheran school will have to abide by anti-discrimination laws, requiring them to hire openly homosexual individuals as teachers, for example. It means that Catholic hospitals will have to perform abortions. It means that Hillsdale College will likely cease to exist in it`s current form, since Hillsdale refuses government money, but all money will be government money henceforth.
