A Step towards the United Socialist States of America

I’m gonna vent a little bit here. I’m been watching Obama and the financial crisis for quite some time now. It makes me sick.  Friday night at the Debate, Obama was constantly tooting his horn about class struggle. If you don’t know what I am talking about them I will inform you. Karl Marx, father of the communist movement, wrote in Communist Manifesto (No surprise Obama’s mother was well read in Marxist literature) about a struggle between the owners and the working class. In which the people will rise up and overtake the state by force.  Sounds nice right? In principle it is where we get our unions, which did great good in the early 1900’s but now just defend incompetent workers.  But, I digress. Senator Obama talked about more government regulations on free trade, and redistribution of wealth (taxing the rich much more than the poor). Obama has proposed an income tax of OVER 50% on people making over $250,000 a year. This is another communist theory.  Other qualms I have with Obama is the doubling of the capital gains tax and increasing the 35% business tax, which is second in the civilized world. Also even though Obama stated otherwise, projecting himself as a man of the people, he voted for a tax on people making as little as $42,000 a year. A man for the people?  (note that Black Liberation Theology is a form of Communism, which was endorsed by Rev. Wright of Obama’s former Trinitarian Church in Chicago.)

Anyway, I really want to talk about the bailout today and the AIG buy. One of the main components of Socialism is state owned services, nationalized health-care (Another one of Obama’s policies), banks, insurance, etc. Because of the Treasuries AIG buyout, we now own 80% of that company. So the  government is now the majority shareholder of the one of if not the biggest insurance companies in the U.S. What good can come from that? Budding insurance companies now have to compete with the United State Government. I like their chances, that’s what free trade is. Now the $700 billion dollar bailout of Wall Street.Both of these are great instances of wasteful government spending. Our tax payer money is going to bail out, unethical greedy lenders who took advantage of people looking to buy a house. Where is the accountability? I’m not going to act like the people who took the loans are not responsible either. They are responsible as well. I feel for them. But, why should my hard earned dollar pay for these people who gave the loans and the ones who took the loans from going under? Especially, when the Lending companies have plenty of money to bail their own companies out. For example, the president of WaMu was paid of $20 Million  for 17 days on the job! Do not act like these companies can’t go out without a bailout. I’d support having THEM pay for what happened to their companies.

Honestly, how absurd is this.  Mike Huckabee said last night,” Wall Street has become Las Vegas East. But the difference is in Vegas, when someone blows their savings on the craps table. They don’t look the the Federal Government to reimburse them.” He can’t be any more right! Say you open a hardware store and you fall   on rough times. You have a bad year, or month. Not only would you dip into your own salary to keep the place running, you wouldn’t go to the government and bitch about it. Would you?

 

That’s all I got for today. Thanks guys.