Call me alarmist, but I don't believe the commentary that follows is an exaggeration... not at all. I would even go so far as to suggest that we are a hair's breadth from a declaration of martial law, with consequent suspension of the Constitution and elections. Gd willing, our well-intentioned Tea Parties will not give them the excuse they're looking for.
I pray to Gd that I'm wrong ... about everything.
Robert Romano, Senior Editor of ALG (Americans for Limited Government) News Bureau:
.... By perpetuating the economic emergency, President Obama is now ensuring that investors will want no part of troubled firms, or the bailouts—a double-edge sword. The only way the bailout firms will now be able to remain funded for the foreseeable future now will be through government-backing. Meanwhile, Ford is increasing its market share, as ALG News has previously reported.
The President’s actions today and the Treasury Secretary’s move last week to request authority to seize TARP-recipient firms now crystallize the intentions of the Administration to both market and government observers. This is war.
The President is engaged in a chess match against the markets. And he is at present winning. Why?
Because, in one short year, the government has moved so quickly to take over the financial system, and now in extension all investments, pensions, funds, and everything else that presently needs to be back-stopped by the FDIC, Federal Reserve, the Treasury, and Congress.
It overtook Fannie Mae and Freddie Mac over the summer completely—thus ensuring that the government owns most every mortgage in the country.
It has signed up to buy every single mortgage-backed security out there, creating a limitless line on the budget without much thought as to its final, bottom line, as the bailouts pile up and spiral out of control, and the taxpayer is left on the hook to wither and dry.
All of which is a dramatic departure from constitutional limited government.
There now are no limits, and the Federal Constitution is but mere paper. Even the fiat currency the government prints with abandon now carries more value at the moment to the elected and unelected officials giving it away seemingly for free but in reality at the costly price of leverage upon the bailout’s recipients.
The reason for this rapid succession to tyranny in such a short period is because there now is no effective defense of the Constitution and its limits being waged. There is a weak opposition on Capitol Hill, and a fervent and yet powerless conservative movement on the airwaves and embodied in dedicated organizations in and near the capital and around the nation.
Once these industries—whether they be the mortgage, financial, and now automakers—are subsidized by federal dollars, officials, whether they be Congressmen, the Treasury, the Federal Reserve, or the President, arbitrarily apply so-called taxpayer “protections” while simultaneously perpetuating the need for taxpayer assistance.
This new order is decidedly fascist, and it will rapidly proceed to being outright socialist. First, the monster will subsidize, then it will take ownership, and then it will destroy the American economy.
And if men who love liberty do not act quickly,
it will be the end of limited government as we know it.
Posted by: Tom Glennon | Monday, 30 March 2009 at 03:45 PM
Posted by: Kae Gregory | Monday, 30 March 2009 at 08:21 PM
Posted by: scp | Monday, 30 March 2009 at 10:28 PM
Posted by: scp | Tuesday, 31 March 2009 at 12:58 AM
Posted by: scp | Tuesday, 31 March 2009 at 01:02 AM