“Turbo Timmy” has been all over Washington of late, sounding off about the Obama “Ready, Shoot, Aim” strategy of economical collectivism. It is probably a difficult script to stick with when the “boss” himself habitually muddies things whenever he steps away from the script/teleprompter.. Just a short time ago, on March 12th, Obama said that the economic crisis is “not as bad as we think”.. If things aren’t as “bad as we think”, why would the ridiculous measures being suggested need to be suggested? I apologize for attempting to infuse logic into the baffling bouillabaisse of liberal lunacy..
In the FT article entitled, “US reveals sweeping regulatory overhaul”, Timmy took on the House Financial Services Committee. There were so many bunkum buzzwords being bandied about that it sounded not unlike the hum surrounding a Bolshevik beehive.
We need a “fresh approach”.. This Obama/Geithner “fresh approach” is nothing more than the stale Socialism that failed with disastrous consequences for the Russian economy and their citizenry. It is good to see that Obama is picking his policies from the Communist compost heap.. We need “new rules of the game”, Geithner said. Again, these “new rules” sound alarmingly familiar to the “new rules” that were put in place near the Ukraine in 1932..
Even as of this moment in time, we are still hearing what amounts to a disturbing lack of “details” in relation to all of these sweeping “changes”. “The Treasury has not decided on the plan’s specifics..” The only thing that the Obama administration is “transparent” about is their lack of specifics doled out to the public. It is “transparent” that this is an attempt at collectivism. The “Devil’s in the details” and that is exactly why we haven’t gotten any..
“Control” is yet another “harmless” descriptor used by the Obamaites. This economical overreach is just the testing of the polluted waters relative to our society’s tolerance for the liberal’s actual goal of “total control”.
Again, the liberal “definitional flexibility” and their “evasional vaguerie” leads to such malleable phrases as “tightened to an even broader range” and “deemed too systemically important”. It is imperative to properly dissect this Demokratic demagoguery.
The liberals specialize in creating “wordy wiggle room” through their “definition of the word ‘is’ is” deviousness. Words have meanings..
Here Geithner says that the heaviest demands would be placed upon institutions “deemed to be systemically important”. Without the proper emphasis upon the “details”, this gelatinous juvenility will be interpreted by the liberals to means “ANY corporation that they desire to infiltrate”.
This will stretch to hedge funds, which our governmental saviors feel would be best “controlled” by “regulators” who will “judge whether risks were building in the wider financial system.” The Demokrats have tipped the first domino in the hopes that we will all stand idly by while ALL of them fall.
“Over-the-counter derivatives” trading would be “subject to more scrutiny” through a friendly Obama “approved central clearing house”.. I can think of no better way to SLOW any type of economic recovery than to apply the regulatory (strangulatory) tentacles of oppressive liberal governmental intrusion to the process.. Here the “fresh approach” came from FDR and the “New Deal”.
Please keep in mind that not too long ago, “Big Brother” was a very scary thing to the incontinent liberals. Now the leftist’s “BIGGER THAN ANY OTHER TIME IN HISTORY BROTHER” is apparently fine because they are in charge. “Question Authority” has never been more applicable.
Even the Washington Post chimed in (“Geithner to Propose Vast Expansion Of U.S. Oversight of Financial System”), “regulation is critical to the healthy function of financial markets..” “Regulation”, in this case is a softer, friendlier word for collectivist control. Collectivism, Socialism, or any other oppressive economical experiment has ALWAYS stood in the way of “the healthy function of financial markets.”
This compulsion to intercede if “failure” is “apparent” will precipitate an amazing number of formerly solvent businesses who will now be suddenly “teetering on the precipice of disaster”. (Whom can we go to for a “second opinion” on this Demokratic diagnosis?) Then the liberal “seizure” becomes necessary in order to stabilize a company “too big to fail”. Even if we laughingly imagine the liberal virus infecting a corporation and then the “problem” somehow solves itself, when will the liberal government relinquish their “seizure” and turn the corporation back into a capitalist enterprise? Would “never” be a good guess?
We constantly hear things like, “Treasury has said it has not yet determined how to pay for takeovers under the proposed system.. Possibilities include dunning taxpayers or collecting fees from all institutions the government considers possible candidates for seizure..” “Dunning”, in this situation means “methodically communicating with customers to ensure the collection of revenues”, AKA: harassing the taxpayers. Who will pay these all of these “fees” in the end? The consumers/taxpayers who patronize these “seized/possible candidates for seizure” institutions. From “dunning” to “fees”, this “bailout” and its related maneuvers will cost the middle class dearly.
Both the FDIC and the SEC chairmen support the Obama “I wanna be Lex Luthor” proposals. This is no surprise as these ‘regulations” greatly empower both governmental entities to further intrude upon the formerly free market.
The mantra was again repeated, “..large enough to warrant additional regulation..” Remember the “tax the rich” ruse used by several liberal Presidents? Liberal amorphous accounting can go from high to low or from low to high, whichever is politically expedient at the moment of application. “The rich” went from $250,000 down to $100,000 all the way down to $40,000 under Clinton. “Large enough” will go from Fannie Mae and AIG down to the Dollar Store all the way down to the corner market. The liberals, who have proven that they don’t understand a 1040a form are now going to be peering into everyone’s books under the guise of “regulation” and “control”..
By any other name this entire “plan” is nothing more than “vertical collectivism” where hierarchy is emphasized and the people “submit to authorities to the point of self-sacrifice”. From welfare to business, there you have the liberal template for the destruction of the nation. The next step will be for the Obama megalomaniacs to begin agricultural collectivism and the United States’ transformation into a communist state will be complete.
Agricultural collectivism led to the Holodomor in 1932 as the Socialists intentionally starved up to ten million of their own citizens in order to retain power.. Are we about to hear the fall of the last domino in America?
Ayn Rand firmly believed collectivism led to totalitarianism. George Orwell believed that “collectivism resulted in the empowerment of a minority of individuals and oppression..” Ludwig Von Mises wrote in “The Fallacy of Collectivism”, “As soon as a faction has succeeded in winning the support of the majority of the citizens and thereby attained control of the government machine, it is free to deny the to the minority (majority) all those democratic rights by means of which itself has previously carried on its own struggle for supremacy.”
The abuse of eminent domain seemed to start with the Kelo decision in 2005. Coincidentally, George Bush signed an executive order on June 23, 2006, one year after the Kelo decision, stating that the federal government must LIMIT its use of eminent domain. It would seem that the liberal’s expansion into “Economical Eminent Domain” is therefore completely in character and progressively predictable..