About Me

Name: ML Smith
Email: smthmort@gmail.com Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Archives

Blog Roll

 

Stimulus or Socialism

There is only so much reading between the lines that one can do before coming to the conclusion that America is taking socialism for a test drive. For all practical purposes, the government is now the new owner of 359 banking institutions across the country, and more will be added to the list as other institutions fail and request stimulus support. By taking control of the bonus and salary structure of the 359 banks slated to receive stimulus money, the government is the de facto owner - calling the shots previously the domain of CEO's and corporate boards of trustees. Salary caps and bonuses are now the province of the federal government, and if it makes it easier for you to swallow, call it federalization...the end result is still the same.

Is this a good thing? It depends on your perspective. Some argue that the stimulus program is simply a federalized act of philanthropy designed to boost the economy back into orbit and prevent the domino effect that is sure to follow as smaller institutions beg the royal court for help.
Others, argue that every word in the stimulus bill smacks of socialism, simply by virtue of the transfer of power to the government.

The bill approved by Congress is comprehensive and quite clear on this transfer of power; federally monitored salary and bonus caps send a mighty strong message and it goes something like this: "If we give you assistance, you are beholden to us for all of your financial decision making." If you don't think that means total control, think again because financial decisions are at the core of operations for the banking industry.

While the stimulus plan is socialistic in concept and implementation, the question left un-answered is "How will this affect stockholders who hold shares in federally controlled enterprises?" The possibilities are disturbing at best and catastrophic at worst. Perhaps we need an Economic Sedative Package as well.

I do not believe that socialism is a real issue here - unbridled greed is the issue we must deal with and unfortunately, the stimulus package fails to address the enormity of white collar crime that has gotten us into this mess to begin with. The plan avoids the facts, thereby making it possible for greedy investors to capitalize on the misfortune of others. Remember, this plan was figuratively formulated overnight and as such it has loopholes...some of them big enough to accommodate a fleet of Brinks and Wells Fargo trucks.

The real test is yet to come when greed surfaces as it always does - where the money is. When the people's money supply is vulnerable to tampering, something far worse than federalized control of banking is at stake and it can be identified now because it is already happening...people are losing trust in the banking industry as a whole and nearly half the country distrusts this plan and the man behind it. If the people lose all trust and panic, the entire system (which is only a house of cards anyway) crashes, and all the King's men won't be able to put that back together again.

Socialism? Does it matter, really? We are now witnessing Humpty Dumpty economic policy. Weren't we told long ago to stay off that wall?
 
***ML Smith is a freelance columnist in Poughkeepsie, N.Y. His work, which includes political commentary/satire is widely published on the web***at http://ml-Smith.blogspot.com and http://inhumanityandinhumanity.blogspot.com  as well as......................
             http://smithworld.blogtownhall.com


Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

$20 Billion - Assume the Position

Welcome, Americans! Barrack Diazapama has your best interests at heart. Oh...your prayer rugs, turbans and camels should arrive soon. In the meantime, make sure you know where Mecca is - among the myriad of changes you will face, Mecca will be one of them.

Having turned our economy into a train wreck, the execs who snuffed out our economy walk away with fat bonuses. Why not? It's not easy to take down an economy without some well planned and fine tuned mathematical manipulations. These guys deserve some recognition, and their fan mail should be going to prisons across the country. Evidently our new president cares little about this $20 billion windfall, paid for by the biggest suckers in history - the American people.

Someone needs to check the water supply for sedatives. The population at large continues to shuffle along like Thorazine zombies while their pockets are picked by those who need the money least, and Obama's stimulus package looks more and more like a downer - are we being benzodiazapamed? At the rate things are going now, America will join the ranks of Third World Nations. Barrack Diazapama told us he had a plan and we didn't believe him...we just elected him, that's all. Now it's worse because he does have a plan, and that plan will strip away any misconceptions about America as a democracy.
 

Journalism in America has reached new heights of stupidity; imagine the uncanny insight required to articulate the fact that Obama is the first African American president in history. Gosh almighty, I didn't know that. Naturally, the media jumped on the bandwagon; hyping Obama's election as a precursor to change in American politics and foreign policy. What kind of change were they talking about? Nickels and dimes? Let’s hope that is the extent of it. Change, as in modification, orchestrated by a man named Barrack Hussein Obama scares the hell out of me. This is a man who came to us on the liberal express. There are no switches on that track - all of the turns are left.

 

Americans have been duped again by Aunt Libby, missing the point and the truth by a country mile; apparently thinking that it will cost less to cover that mile now that this innovative, free thinking man of vision ousted the status quo - managed for eight impossibly tumultuous years by George W. Bush...managed without panic or compromise of the values and beliefs synonymous with America’s unyielding stand against terrorism. We have taken that stand alone, while our great liberal thinkers would have us apologizing for our existence.

So, what is the point that Americans missed? What is the truth? One need only look at the lie to conclude the truth. Obama's victory is nothing more than an elaborate shell game, funded by a liberal alliance that embraces contradiction and deceit. Eyes closed to the truth, we remain oblivious to an enormous fraud, financed by fools and clandestine connections. Tell me this. When Obama raised $16 million in two months, did you find that disturbing? I did.

 

The "experts" say that Obama's huge campaign fund came primarily from "the man in the street" simply because his contributions arrived in smaller parcels; implying that this was proof that the average American put up the greenbacks to get him elected. How much more naive can we get? Anyone with the know how and information to follow the paper trail of that money will learn that Obama was funded by the biggest "Laundromat" scam in history. The dollars originated in one huge basket and were simply laundered in smaller batches. In comes one overflowing laundry basket and out go a thousand smaller ones. A grand illusion; brilliantly conceived by the liberal collective and foreign interests...all with an eye on a bottom line that could be just about anything.

I have not forgotten the words. “Your demise will come from within - we will bring you to your knees.”

That Obama is a man of color and therefore regarded as a reflection of the interests of common Americans is convenient camouflage. Sure, he will get a few token bills through Congress, leading the people to believe that the "messiah" has finally arrived. Nonetheless, a wolf in sheep's clothing is still a wolf.

 

Say hello to your future, Americans. Barrack Obama will speed you there with some smooth talking vigor. And while you're embracing your new leader, say goodbye to your dreams. §

 

 

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous1Next »