Totalitarianism? Update-Commentary

Newt Gingrich thinks it may be an over statement, but no question Geithner’s grab at Treasury to control financial institutions and Obama’s grab over at GM … translates into a power grab. Where will it stop?


Update 1: I never had the chance to comment on this. It is clear, after listening to Obama administration folks on TV today, that the control of GM is just the beginning and that this is but a warning shot. Obama’s folks feel flush with power over anyone that took bailout money, loan or not, and are not afraid to assert that power to reshape not just banking but corporate America as well.

Right now fear grips folks in banking and finance as well as on the street. Finance is frozen. You know, those people who you are asking for a loan, or invest your money for that new house, car or college. People in power in the industry most assuredly are not sure what moves to make on the chance that the government will either step in to void that deal in the name of “public good”. And while that fear freezes the financial system, my guess is its seeping into other industries as well, although I have no evidence that is the case.

The ends do not justify the means, so while some may be convinced that government asserting its will on business is the only way to cure a wounded system, Newt is right, in the end it will end the system itself.

Update 2: I apologize. I originally classified this under economics when in fact we are talking politics. My guess is it could be on either side, but I think it rightfully belongs here. Jim

5 replies
  1. Dimsdale
    Dimsdale says:

    Keep every sound bite, every clip, every piece of information on every step of this debacle, and club every Democrats (figuratively speaking) over the head with this.

    2010, presuming the country still exists, should prove to be an interesting year indeed.

  2. Darlene
    Darlene says:

    As one side of my Stamford Tea Party sign said:  "Uniquely Qualified (a picture of Geithner) to Seek Power" …..  The harsh reality is what makes Geithner, and Obama for that matter, uniquely qualified is that the majority voted against Republicans.   The power grab has only just begun.

    BTW, the other side of my sign had pictures of Dodd, Barney Frank and Geithner and said "They Deny, They Lie and They Cheat … So much for Hope and Change"

  3. Erik Blazynski
    Erik Blazynski says:

    I am happy to hear someone talking about this. When I talk about these power grabs and a move towards a world currency and a world government, I am dismissed at a foil hat wearer. The problem is that when main stream people start talking about this stuff it is too late!  Think back two years ago, could you have predicted this?

  4. Erik Blazynski
    Erik Blazynski says:

    (woops hit enter by accident) it is really hard to imagine a lot of this two years ago. And in two years when the Fed are guarding the henhouse and we bow to a world bank, you'll see Gingrich speaking out against it.

  5. Linda Mae
    Linda Mae says:

    I keep referencing the New Yorker, August 2008  article on Obama as the definitive Obama uncovered.  I am not surprised by what he is doing because I was prepared from the 12 pages describing Chicago politics. There is also a neat picture of Obama meeting with the Wall Street supporters – set up by George Soros – and George is looking at him like a starving man.

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