More Signs Of US Fascism

Do you remember when I wrote last Friday about the desire to control health insurance premiums being a fascist step?
http://politicsalabama.blogspot.com/2010/04/dems-want-to-regulate-premiums-fascist.html

This isn't the only action being taken by our wonderful Federal government that could be interpreted as fascist in nature. Let's look, for example, at the financial regulatory "reform" bill being debated now in the Senate. That bill would do things that most people don't realize.
http://www.washingtontimes.com/news/2010/apr/28/financial-fascism/

The "Dodd financial reform" bill being considered by the Senate will make it illegal for 99.6 percent of the population to invest in needed new and promising start-up companies while at the same time ensuring that the 33 largest banks, which control 92 percent of all bank assets, will be required to purchase more federal government debt before giving loans to businesses and individuals. Quite simply, the government is continuing to practice financial fascism.

The new health care bill will require us to buy specified health insurance, whether it is appropriate for us or not. Government-run ads encourage people to buy tickets in government-run lotteries, where the expected value can be less than one-sixth of the ticket price. Yet the new financial reform bill will make it illegal to invest in a new venture or start-up company for anyone who does not have a liquid net worth of $2.2 million or an annual income of roughly $450,000 if single or $675,000 if married - which rules out all but fewer than 1 percent of the population. If this passes and is signed into law, Congress and the president will be saying to the American people, "Ninety-nine-plus percent of you are too stupid to know how to invest your own money." (They think the rest of us are as irresponsible as they are.)

How many people know that the liberals in Congress want to virtually destroy the high-risk entrepreneur? Would they support the legislation if they DID know that?


The legislation that the Republicans just caved in on and agreed to debate is very bad medicine for the economic health of our nation.

The 1,300-page financial reform bill going through the Senate will, in essence, make the biggest banks (those considered too big to fail) wards of the state - which is classic financial fascism. The Obama Treasury, not the semi-independent Federal Reserve, will decide what these banks are allowed to invest in, in exchange for an unlimited U.S. government guarantee. Since September 2009, banks have been lending more to the government than to private industry. One does not have to be a rocket scientist to see where all this is headed.

So others are seeing this shift towards fascism that is being engineered by Obama and his liberal cronies. I can think of worse directions for our nation to head in, but not many.

I will probably write more on the subject of United States fascism in the near future... It's beginning to appear relevant.