« BACK  |  PRINT

RS

MEMBER DIARY

Standing On a Precipice Doesn’t Require a Plunge Into the Abyss

Here’s one for the history books: the day the President of the United States proclaimed his animus for the capitalist system that built this country into the most affluent and powerful nation on earth, while simultaneously declaring his socialist underpinnings and designs for our country’s future. And he did so to the accompaniment of his own eloquent rhetoric for which he is so well known, when he avails himself of a teleprompter.

President Barack Obama, declaring "we want our money back and we’re going to get it," said Thursday banks have a responsibility to make taxpayers whole for the financial-sector bailout and should pay a proposed tax by rolling back big bonuses.

"Instead of sending a phalanx of lobbyists to fight this proposal or employing an army of lawyers and accountants to help evade the fee, I suggest you might want to consider simply meeting your responsibilities," Mr. Obama said in remarks at the White House…

… Mr. Obama acknowledged that the majority of rescue funds provided to banks already has been recovered, but said "that’s not good enough."

If you hear about this proposal anywhere in the MSM, you’ll hear it described as Obama has characterized it: a “financial Crisis Responsibility Fee” imposed on banks to ensure they are “meeting their responsibilities.” But like everything else this corrupt administration has crammed down our throats, that’s a malicious misrepresentation of what has been proposed. Despite the fact Obama wraps it in his finely spun yarn, it is a stinking fish rotting from the head down.

The president acknowledges that most of the banks have paid back their bailout funds (with interest), but states “that’s not good enough.” Why is that? If I pay back my mortgage to the lending bank, can they come back and charge me an additional 15%? What if they just don’t like me, or what I stand for – could they charge me 15% more in that case? Or what if my neighbor’s home went into foreclosure. Could the bank come to my door and demand that I pay my neighbor’s mortgage? Only in an alternate universe?

Well, welcome to the Obamanist’s Twilight Zone. Because that’s precisely what the new 15% tax to be charged to all large banks (whether they took TARP funds or not) is designed to do. Since, by the president’s own admission, they’ve paid back their own obligations, what exactly is the punitive 15% tax for? It’s to pay back GM’s, Chrysler’s and AIG’s bailouts, which also came from TARP funds. Because our omnipotent government has determined that they’ll be unable to pay back their share, and since “we want our money back and we’re going to get it," Obama’s team of goons has decided that the entities that did pay back their loans should be held accountable for paying back the loans of those who didn’t. You know, “from each according to his means, to each according to his needs.” That’s what made this country great. Besides, if the banks are doing so well now that they think they can afford to pay their employees “obscene bonuses,” we’ll  just spread that wealth around.

Obama and his socialist-leaning minions are counting on the full support of the little people (that’s us). They’ve calculated that we’ve all been adequately indoctrinated by now into believing that all big banks are greedy, corrupt capitalist institutions that deserve to be punished for all of the suffering they have inflicted on the little people (us again). Financial institutions are the carefully crafted targets of our antipathy. By stirring up the ever rancorous class warfare machine and targeting the banks, your government assumes public sentiment will be on their side, allowing for a bloodless takeover of the financial system through stifling regulation and confiscatory taxes. Socialism doesn’t require that the government own the businesses, only that they control it through mandate and regulation.

This is an egregious power grab by big government. And if it is allowed to stand it will be the precursor of the same treatment for the insurance, energy and manufacturing (or what’s left of it) business segments. Health Care “reform” is already slated to take control of the entire health care industry.

People just never think that giving up a little liberty for a little more safety, or a little control for a little less risk will do any real harm. But eventually it brings us here: ”it’s clear we are on the precipice of achievement that’s eluded Congresses, presidents for generations — an achievement that will touch the lives of nearly every American". Obama was speaking of health care reform at the time, and just how it will touch the life of every American is debatable. But rest assured, that is just the first “precipice”  he intends to throw us off.

Now is the time to find your voice, even if you’ve never felt the need before. Before we lose any more freedom. Before the course appears irreversible, and people simply give up and give in.

Get Alerts