Check this out - the new Finance Law (the second huge bill with 2000+ pages passed into law that nobody read) just signed by President Obama now EXCLUDES the S.E.C. from any and all Freedom of Information Laws - they do not have to answer for anything they do - and yes, as you already know, this new law gives them the power to seize ANY financial institution they FEEL may fail - take it - control it - decide who works and who doesn't - how much any employee makes - I thought we lived in a Constitutional republic? hmmm - yes they can take complete control and there is nothing anyone can do to check them out in that they don't have to produce anything that may justify,or not, their decision - our government now controls nearly 70% of the U.S. economy - do you think the government can run ANYTHING better then anyone in the private sector? If so, please tell us one governmental program that is not over budget and/or bankrupt - what a wonderful country we live in hey?
First off, this bill was written by Dodd and Frank (and many others, including lobbyists), the two who have been in control of the Banking committees in Congress for 20 plus years and told us nothing was wrong with the system even when questions arose in 2004 and even much later right up until the collapse - this new bill (frankendodd) also does nothing with Fannie and Freddie, two major contributors to the economic collapse, not even any oversight as proposed by a bi-partisan committee as a minimum to protect the American people from future problems - now for the attorneys among us it does make it easier to sue so that little group gets a nice new cottage industry - the new law gives the Federal Reserve more power too, (as you should know, they are a nice little PRIVATE organization that was formed by and is controlled by the major U.S. bankers to protect their assets and now sets the U.S. money policy) and we can't even see their books or anything going on inside it, now it too has even more power over us, great hey - it creates another new government agency to watch over ALL bank accounts and tracks every credit card account too, (yes, yours and mine), how does that help our economic liberty? It charges billions of dollars in new fees on banks, hmmm, and who do you think will pay for that? And, how does that help an already devastated industry? Get this, the new law passes the buck from congress, our elected officials, to appointed bureaucrats who decide how financial regulations will be implemented on society - thousands of faceless bureaucrats will decide who or what happens and our politicians get to say - what?, who me? not me, we'll form a task force to look into it! And years later and millions of dollars later nothing will be resolved - no worries - how does the S.E.C., which totally missed the credit rating fiasco get even more power? How does the treasury department that bailed everyone out, in complete violation of our constitution get even more power? Oh there is more - this bill creates another new agency (yes, you pay for that too) the Bureau of Consumer Financial Protection - this new created panel makes recommendations to outside institutions like the Federal Reserve, that the Fed is NOT required to follow - how do we take this, or them, seriously?
Now the S.E.C. said that they will TRY to answer people's questions, just e-mail them and they will get back to you, if they can - now that makes me feel better - you?
All you Obama people, still think he is the guy that will change our country for the better? Is this the change you wanted? Did you really understand what he meant when he said he was going to "fundamentally change America" that he was talking about a complete government take-over? From a Constitutional republic to a some sort of social democracy, but definitely something with reduced liberty, freedom and opportunity? Our President believes that he knows what is best, you don't - he is an elite and he knows much more then the common man (that's you and me) and that we really need to be "ruled" by the smart people (that's why the Constitution to him is no good - to restrictive, and he said so - just like Wilson and FDR before him, they hated it too) - we don't know what's good for us, we are just too dumb.
President Obama thinks, no he has stated, that wealth is bad and redistribution of it is the only way - (just so you know, Mr & Mrs Obama made over $7MM last year, so wealth is OK when its the right people getting wealthy - like the Clinton's before hand who had nothing when Bill got elected but yet cleared over $100MM last year - say, wasn't everyone complaining about the Bush's spending so much when one of their daughters got married - hmmm, no mention about the Clinton wedding which dwarfed the afore-mentioned by spending over $3MM this weekend) - anyway back to the topic at hand...his new Health Czar heading up medicare/medicaid and soon your national health care stated that the only good, and right "health care program must, must be redistributive"...from those who have more to those who have less among us - some of you may say that's OK, but you will soon find out that you, all of us, are the one's considered wealthy in this regime - remember, they are on a world crusade and even the poor among us are wealthy when compared to the rest of the world - avg incomes (h to l): Switzerland-55K; U.S.-47K; Germany-42K; Greece-28K; Russia-7K; Mexico-7K; Venezuela-7K; Brazil-2K and its worse from there - they are looking at and want the world to average out at $14,600/family - how much better is your life going to be when these radical progressive revolutionaries are done "CHANGING" AMERICA???
YOU HAVE A CHOICE:
- redistribution of wealth
- globalism
- big government/marxism/fascism
- class and race warfare
- dread and dispair
vs.
- individual liberty
- personal responsibility
- free markets
- freedom to succeed or fail
- pursuit of happiness
TIME TO DECIDE - IF YOU WANT YOUR LIBERTY, FREEDOM, AND THE OPPORTUNITY TO SUCCEED OR FAIL you need to STAND UP and voice your opposition to this "taking" of our rights as free-born American citizens.
Sorry, it was a long rant.
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