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.
Many of these institutions see the writing on the wall and are trying to give the TARP money back, but the Obama Administration is calling for a “stress test”, something that will allow Obama to decide who is fit to survive. In other words, Obama wants to grab the banks and those who will not be lured with honey will taste the government vinegar; BHO simply will not allow them to reject his “gifts”.
Isn`t it time the courts stepped in? There is no way any sane person could not see the blatant unconstitutionality of this attempt. Of course, our government is largely insane, and that includes the Supreme Court, but this is exactly what that institution is SUPPOSED to be there for; they act as a check on the other branches of government. If the Courts say Obama cannot do this he will have to back down. Of course, it`s always a crap-shoot as to what the current Court will say.
This clearly violates the 9th and 10th Amendments.
If this is allowed to come to fruition, history will declare this the moment when America became a socialist state, and likely will call this the Fall of America. Doubtless the exterior shell of what had been the United States will continue for an indefinite period of time to come, but the essence of America, that spark that made for American exceptional ism, will be gone, swallowed by the rising tide of social democracy. We have been systematically chipping away at what it means to be an American for decades, with each “progressive” step removing another underpinning of our Republic.
We`ve had the rise of Democratization, with the vote extending to an ever-widening circle despite the Founding Fathers disapproval of universal suffrage. We`ve had the 14th, 15th, and 19th Amendments to the Constitution-all put in place with the best of intentions, but ultimately making the voting public easy prey to demogoguerie and what Aristotle called the tyranny of special interest. When the Republic was founded only landholders had the vote, on the theory that someone entrusted with such a solemn obligation had to have an important stake in the outcome and should be informed and educated on the issues. Democratization has made the process of elections into a farce, purely a popularity contest. Deficit spending and big money programs are a direct result of Democratization, because the career politicians sway elections by raiding the treasury.
As John Adams put it;
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself.”
or as Benjamin Franklin put it;
“Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!”
That is why the Founders created the system that we have. The Electoral College, for example, was intended to act as a brake on pure democracy. The Courts were intended to likewise act as a brake by granting the authority to interpret what the law says rather than allowing mob rule.
But we`ve been working systematically toward mob rule, and the result is Barack Hussein Obama; he promised everyone the most. But remember; the Lord giveth, and the Lord taketh away, and that is just as true of our New Messiah. TARP money was given, and a terrible price must be paid for it. America elected this guy knowing his promises, and did not care because they were upset about a minor recession.
While we have been opening the door to mob rule, we have been systematically dismantling the protections of Federalism. Does anybody really see the States as having any power at all? Power was SUPP0SED to have resided in the states;
“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. Amendment 10”
Yet the United States has swallowed the authority of the individual states, and they are forever genuflecting to the bloated Mandarin in Washington. We are living in a centralized system, one that has now absorbed our free market.
There is a powerful effort underway to eliminate the Electoral College and move to direct democracy.
Meanwhile, we have allowed our “fourth estate” to be hijacked by statists, putting forth a steady stream of lies designed to advance the power of the central authority. Ditto our educational system, and the empty skulls radiating from these venerable institutions are easy prey for those journalists who themselves are either empty skulls or worse.
That, coupled with open hostility to our Judeo-Christian faith and heritage has severed Americans from any understanding of how our nation came to be, how it rose to exceptionalism, and why it is necessary to fight to preserve it. America has come to mean to entirely too many of our citizens simply a meal ticket, the road to a guaranteed living at the expense of someone else. America has become a gargantuan ATM machine, dispensing whatever amount of money desired. It cannot last.
We are adrift in dark waters.
And, of course, all of this prosperity that Americans enjoy is a direct result of our forefather`s distaste for centralization and government control. It is as if we had a machine that transmuted lead to gold, and have tossed it out the window in favor of a printing press to make paper money. Gold has value, paper money is ultimately worth only what people agree it is worth. With BHO spending what can only be called astronomical amounts (there are only 100 billion stars in our galaxy while Obama will end up spending at least three trillion, or a thousand billion) the value of that paper will soon drop to zero. How many more businesses will he be able to absorb when THAT chicken comes home, to rooossst (as Jeremiah Wright would say).
So, as this latest power grab goes largely unnoticed at present, America will continue to slumber as she continues to waste, exhaust, and murder herself. It may well be that historians in some future time will note this little-remarked on action by Obama as the dividing line in American history. Historians mark the coronation of a German as Emperor of Rome as the moment Rome fell, even thought it appeared to the people of the time as if things continued as they always had-and always would. From the perspective of history we know better.
What will the perspective of history have to say about this moment in time?
