Power Grab

on Tuesday, March 24, 2009

Obama just keeps inching more and more towards that slippery slope:

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.

The government at present has the authority to seize only banks.
Fantastic. Obama wants to power to seize any company in America that he deems as an "unsuccessful" company. How can anybody not see about a dozen problems with that statement?

Heck, why stop with financial companies, Barry? Why not start seizing the assets of each and every one of the millions of Americans working at those companies? And then why not take it a step further by seizing all of the earnings of small businesses making over $200,000/yr? After all, that is your ultimate plan, isn't it?.. To take from the wealthy and redistribute it to the lazy. Why not just get it all over with in one fell swoop instead of trying to be sneaky about it?