My Blog

I read an article today that says that the Treasury Department (TD, but read Tim Geithner) is seeking to be given the power to “seize large insurers, investment firms and hedge funds, leaping beyond its present authority to seize only banks.” What are we doing, America!? Why are we letting the executive branch of our government have so much power? Why is the legislative branch not checking this power grab? Probably because the legislative branch is dominated by Democrats who are blindly following the anointed one. It appears that they might, just might be waking up a bit. There are some small signs of intelligent life in the Congress. If we (the people, not Congress) allow this power grab to happen, where does it stop? Can the government seize General Electric if their lending arm, GE Capital is having problems? I think that’s what you’ll see. The TD will interpret this however it likes and any publicly traded company will be able to be grabbed up by the TD. Why are we letting this, along with all the other heinous things, happen? Do we not elect these officials into office? Are they not listening to us now? If that’s the case, we need to get rid of them when we can, starting with Congress in 2010. Controlling business is just a start.  And if you think they won’t go after privately held businesses if we let them get away with controlling public companies, you’re a moron.  Read more…