I got up this morning to see what I already knew, Obama wants to expand the power of the US Government and himself, are you shocked? I’m not.
“The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.”
Unprecedented powers to a man that can’t even master Turbo Tax? This is obscene and it’s just constitutionally wrong, Obama is making a power grab like no other in American history… and they ask why he is smiling in the midst of this economic down turn. He know’s he is doing and thinks we’re all to stupid or to fawning to get it.
“The government also would assume the authority to seize such firms if they totter toward failure.”
So who decides that? Who decides were and if they are tottering? That is to broad to open and allows the government to much power.
“The Treasury secretary could act only after consulting with the president and getting a recommendation from two-thirds of the Federal Reserve Board, according to the plan.”
Is there anyone in that group you trust? I know there isn’t for me.
Remember this that ABSOLUTE POWER LEAD TO ABSOLUTE CORRUPTION and corruption in our government is running ramped.
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