Tuesday, March 24, 2009

Obama seeks expanded power to seize firms

U.S. Seeks Expanded Power to Seize Firms - Washington Post

Why did the Washington Post title this article, "U.S. Seeks Expanded Power to Seize Firms"? The U.S. isn't seeking this, Obama and his administration are seeking it.

President Obama is rapidly attempting to bring the entire economy under the control of the executive branch, under his authority. He appears to be willing to break the back of the economy, so that he can rebuild a new economy patterned after his ideals.

If we permit this to happen, what are some of the headlines that soon may follow?

"President demands expanded powers to avoid economic meltdown"
"President wins power to seize any 'unhealthy' company"
"President insists capitalism needs 'rescue'"
"Obama to nationalize all private banks and thrifts"
"FDIC reimbursements frozen pending 'restructuring'"
"IRA and 401k funds frozen pending 'restructuring'"
"President proposes 'housing relief' tax on mortgage holders not in default"
"Federal Reserve empowered to review and adjust employee compensation plans"

What else?

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