Obama’s Creeping Fascism: Power To Seize Private Firms
Call it socialism, nationalism, progressivism, or fascism (the digital brownshirts legislation and organizing for America issues surely make a good case, as well,) but, whatever you call it, it should cause serious concern for those who love what our country is founded on
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.
Giving the Treasury secretary authority over a broader range of companies would mark a significant shift from the existing model of financial regulation, which relies on independent agencies that are shielded from the political process. The Treasury secretary, a member of the president’s Cabinet, would exercise the new powers in consultation with the White House, the Federal Reserve and other regulators, according to the document.
Where to start, where to start. Heck, why bother, the story says it all. The federal government, under the rule of an incompetent and inexperienced far left ideologue, who put a pretty much incompetent guy in charge of Treasury, will have the power to seize private firms, which would then be under the control of a political entity. Sure, it is meant as a means of making sure that teetering institutions do not crash, but, isn’t that really what should happen in a free market system, as set for by the Founders? And the Obamateur admin plans to send this legislation to Congress this week.
Besides seizing a company outright, the document states, the Treasury Secretary could use a range of tools to prevent its collapse, such as guaranteeing losses, buying assets or taking a partial ownership stake. Such authority also would allow the government to break contracts, such as the agreements to pay $165 million in bonuses to employees of AIG’s most troubled unit.
The Treasury secretary could act only after consulting with the president and getting a recommendation from two-thirds of the Federal Reserve Board, according to the plan.
That is the only bright spot. But, if they are all following Obama’s line, how many companies end up being run by the federal government, which couldn’t, and wouldn’t, take the time to read a $787 billion bailout bill? And does it then become the power to seize firms they are just worried about? Then ones that are deemed important?
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Posted by William Teach on March 24, 2009 7:56 am
» Filed Under Anti-Capitalism, Barack Obama, Communism, Constitution, Economy, Fascism, News, Separation of Powers, Socialism, Stupidity, Totalitarianism, liberalism
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10 Responses to “Obama’s Creeping Fascism: Power To Seize Private Firms”
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Syndicate Me
Be scared. Be very, very scared.
This is what the unwashed masses voted for…..
Be very worried….I work for a public school district in Commiefornia that was in the dutch with its accreditation body. The State sent in a “special trustee” who hand picked a new President without a competitive hiring process. The elected Board are a bunch of drones.
I live in a Communist state. It’s not fun.
The damage has been done. The administration in Washington is printing money hand over fist, will take over whatever it has to in order to build the final part of the legislative rationale to form “a more perfect Union”- the North American Union.
And half the American people sleep.
Let’s see. What goes best with my brown shirt and jackboots, a swastika or hammer and sickle?
Decisions, decisions.
As the Dems move farther and farther to the left, those whose political leanings have remained steadfast to the principles of the Founding Fathers are seen as “radicals”.
Why would the govt. taking over set things straight?
How about letting them fail? Their business, their problem. Next time don’t take risks that don’t make sense?
How can there be gain if there is no risk? How can there be capital without investment?
I’m ignorant, somebody please tell me how exactly the govt. could “take over” a hedge fund??
Who would they short? How could there not be giant conflicts of interest, of both types. The treasury is going to bail out a hedge fund? What??
“America, is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within.” … Joseph Stalin.
we need to seek LEGAL and LEGISLATIVE means to kick that stimulus and bailout out of water. see familysecuritymatters.org
The pretend journalists of Columbia Universty … etal.. who were clapping and in elation when President Reagan was shot now control “The Fourth Estate.” When these people became a Prop for Obama,instead of their obligations to the first amendment,this nation got the disaster of the Obama Cabal.This pernicious group spent more time in Alaska than asking any quetions about President 44 background.You would think that someone being the editor of the Harvard Review would spark some cursory examination of this facit.As this ideologue destroys Capitalism and our Nation this group will focus on Rush Limbaugh and how Partisan Republicans are.Continue to write your stories inciting people into class warfare and anti achievement-you make me sick.
I read the blog and great comments that I agree with. The Stalin quote makes you think. I feel like most free thinking, conservatives have sat on the sidelines and let thinks evolve to the mess that we have now. The Republicans let us down and continue to do so and now this Administration is coming in, printing money, spending money, changing our nation into a Government dependent if not down right socialist mess. What do we do? I have sent faxes and done my email rants, but they keep on spending and keep on changing our nation into one man’s ideal.
Could Obama Be America’s First Defacto President?
Innocent Americans increasingly are sent to prison based on false evidence manufactured by police forensic crime labs. Now President Obama wants the power to incarcerate U.S. Citizens not on evidence, but for what they might do.
Compare: Two days after the 1933 burning of Germany’s Parliament Building, blamed on communists, Hitler responded with a powerful speech before Parliament. Hitler asked Parliament to suspend sections of the Reich Constitution that protected Citizens’ Rights and Civil Liberties. Hitler said the suspension was necessary so government could protect the homeland from being destroyed by communists. Hitler promised Parliament the Constitution would later be restored. After Parliament passed Hitler’s Discriminatory Decrees and Hitler signed it February 28, 1933, Hitler immediately used the news laws to abolished Parliament. See Hitler’s 1933 Discriminatory Laws below:
Obama gave a speech in May 2010, that proposed incarcerating in indefinite prolonged detention without evidence, any person government deemed a “combatant” or likely to engage in a violent act in the future; that would include U.S. Citizens “without evidence of wrongdoing.” With that amount power Obama like Hitler could arrest members of Congress, drag U.S. Citizens off the street and from their homes to be imprisoned indefinitely based only on Government’s claim they are a “combatant” or likely to engage in a violent act in the future.
If Congress approves Obama’s categories of people likely to engage in violent acts, overnight millions of lawful U.S. activists could be subject to arrest, Indefinite Prolonged Detention. When you examine Obama’s speech, it appears Obama wants retroactive power to incarcerate anyone government claims (prior) supported violent acts on the premise that person is likely to support violent acts in the future: U.S. activists would be extremely vulnerable because no activist can control what another activist or group might do illegally they network with domestically or overseas. Government would only have to allege a person; group or organization might commit a violent act in the future to order Preventative Detention of lawful participants with no evidence whatsoever. Americans would be afraid to speak out.
It is foreseeable any “individual” who writes on the Internet or verbally express an opinion against or entity of U.S. Government or its coalition partners could be deemed by authorities a “Combatant” or likely to engage in or cause violent acts: government too easily could claim an author’s writings inspired people in the past and will in the future to commit or support violent acts. It is problematic that indefinitely detained U.S. Citizens not involved in terrorism or hostile activities, not given Miranda Warnings or allowed legal counsel; interrogated, will be prosecuted for ordinary crimes because of their alleged admissions while held in indefinite “Prolonged Detention. Obama wants the power to override the U.S. Constitution. Obama wants the power to detain indefinitely any American without probable cause or evidence, based on conjecture someone might do something violent in the future.
Obama similar to Hitler is centralizing power in the federal Government by getting passed legislation the U.S. government could potentially use to intimidate and threaten corporations among others. Hitler got passed similar laws shortly before the burning of the German Parliament building blamed on the communists. Immediately after the fire, Hitler used his new laws to coerce corporations and influential Citizens to support passage of fascist legislation that suspended provisions of the German Constitution that protected Citizens’ freedoms and civil liberties. Obama is now approaching a position where he can use similar new laws, including the Patriot Act and 200 asset forfeiture laws to seize any corporation or individual’s assets; and force U.S. corporations and other institutions like Hitler did to support legislation that threatens or curtails rights of Americans.
More recently Obama has moved forward to crush Free Speech, silence his critics by pushing passage of HR 5175: this abomination will choke the 1st Amendment, denying the right of free speech to ordinary Americans. Under Title II: groups like Gun Owners of America and other groups including bloggers that only mention “public officials” within 60 days of an election, could be required to file onerous disclosures–and potentially have to disclose their membership lists—despite the Supreme Court ruling in NAACP v. Alabama that held membership lists like those of GOA’s) are off limits to government control. Is Obama’s support of HR 5175 similar to what Hitler did to shut up his critics? In the run up to Parliament passing his police state laws including the 1933 Discriminatory Decrees that abolished Citizen’s Free Speech, Hitler employed thugs to beat up reporters, arrest anyone who had courage to criticize the Fuhrer or his Nazi government or expose introduced legislation. Is Obama by supporting HR 5175 to shut up his critics, trying to American to the same place?
Alarmingly the Obama Government recently employed a vendor to search Internet social networking sites to collect about information about Americans that could potentially be used by this government to injure Americans, for example, if you apply for a federal job, your name might be crossed referenced by the Obama Government with comments you made at Websites against Obama; or if you make application at a bank for a loan the Government has control since the financial crisis, could your Internet comment(s) prevent you getting that loan? Obama’s monitoring of the Internet sites can too easily be used by Government to intimidate Citizens from speaking out. Obama Top CZAR Cass Sunstein prepared a 2008 paper that proposed spying on Americans, infiltrating groups and organizations to obstruct Free Speech, disrupt the exchange of ideas and disseminate false information to neutralize Americans that might question government.
See: http://www.wnd.com/?pageId=121884
See Hitler’s 1933 Nazi Laws below:
DECREE OF THE REICH PRESIDENT FOR THE PROTECTION OF THE PEOPLE AND STATE
Note: Based on translations by State Department, National Socialism, 1942 PP. 215-17, and Pollak, J.K., and Heneman, H.J., The Hitler Decrees, (1934), pp. 10-11.7
In virtue of Section 48 (2) of the German Constitution, the following is decreed as a defensive measure against Communist acts of Violence, endangering the state:
Section 1
Sections 114, 115, 117, 118, 123, 124, and 153 of the Constitution of the German Reich are suspended until further notice. Thus, restrictions on personal liberty, on the right of free expression of opinion, including freedom of the press, on the right of assembly and the right of association, and violations of the privacy of postal, telegraphic, and telephonic communications, and warrants for house-searches, orders for confiscations as well as restrictions on property, are also permissible beyond the legal limits otherwise prescribed.
Section 2
If in a state the measures necessary for the restoration of public security and order are not taken, the Reich Government may temporarily take over the powers of the highest state authority.
Section 4
Whoever provokes, or appeals for or incites to the disobedience of the orders given out by the supreme state authorities or the authorities subject to then for the execution of this decree, or the orders given by the Reich Government according to Section 2, is punishable—insofar as the deed, is not covered by the decree with more severe punishment and with imprisonment of not less that one month, or with a fine from 150 up to 15,000 Reichsmarks.
Whoever endangers human life by violating Section 1, is to be punished by sentence to a penitentiary, under mitigating circumstances with imprisonment of not less than six months and, when violation causes the death of a person, with death, under mitigating circumstances with a penitentiary sentence of not less that two years. In addition the sentence my include confiscation of property.
Whoever provokes an inciter to or act contrary to public welfare is to be punished with a penitentiary sentence, under mitigating circumstances, with imprisonment of not less than three months.
Section 5
The crimes which under the Criminal Code are punishable with penitentiary for life are to be punished with death: i.e., in Sections 81 (high treason), 229 (poisoning), 306 (arson), 311 (explosion), 312 (floods), 315, paragraph 2 (damage to railroad properties, 324 (general poisoning).
Insofar as a more severe punishment has not been previously provided for, the following are punishable with death or with life imprisonment or with imprisonment not to exceed 15 years:
1. Anyone who undertakes to kill the Reich President or a member or a commissioner of the Reich Government or of a state government, or provokes to such a killing, or agrees to commit it, or accepts such an offer, or conspires with another for such a murder;
2. Anyone who under Section 115 (2) of the Criminal Code (serious rioting) or of Section 125 (2) of the Criminal Code (serious disturbance of the peace) commits the act with arms or cooperates consciously and intentionally with an armed person;
3. Anyone who commits a kidnapping under Section 239 of the Criminal with the intention of making use of the kidnapped person as a hostage in the political struggle.
Section 6
This decree enters in force on the day of its promulgation.
Reich President
Reich Chancellor
Reich Minister of the Interior
Reich Minister of Justice