Banks and the government

The news that the Obamacrats are refusing to accept repayment from large banks is -- hopefully -- a moment that will alert Americans to the true desires of the new administration. Clearly, the refusal to accept repayment is not tied to keeping the banking system healthy -- if the bank can afford to repay the government, then it should be healthy enough to go on by itself. One has to assume that these banks do not want to commit suicide just to repay the government. No, what is really at stake here is that the administration wants to keep control over the banks and through them, the economy. After centuries of extolling the virtues of the free market system, and winning a fourty year cold war that centered on that system, the US government is now doing all it can to undermine that system.

What is at stake here is not just the fate of a few banks. If Obama and his disciples are willing to destroy liberty here, they are not going to stop at this line elsewhere. There has never been a successful economy built on socialist principles. Those socialist states around the world have either eaten up the profits generated by a prior market economy or else led to a dud of an economy that plods along with little or no growth at best. Even China, a nominally communist nation, has moved to a market economy in order to grow. Are we now to have the USA give up its growth and the promise of a better life for all of its people just so Obama and his cronies can take control and have those who it favors get more power. The answer is NO NO NO NO NO NO NO!