While President Obama and his mainstream media followers continue to bombard us with negative news and dire reports about the financial situation in America, I’ve been somewhat surprised at just how little we’re hearing about success stories. As Ben Stein said a few weeks ago on CBS This Morning, the financial industry is built on confidence. People invest when they’re confident of the market. So where are the financial cheerleaders? Why isn’t the president or the media reporting on the many success stories that are happening in the middle of this recession, and encouraging the nation?
It leads me to think that his government doesn’t really want us to succeed, because what it really wants is to take over the business sector and start with the financial, healthcare, and automobile industries. That’s why it’s not enough to let the TARP funds help these industries work out their future – it’s also important to this government that they actually control the industries in the bargain.
Before you think I’m a nut, Fox Business reporter Andrew Napolitano reported on at least one unnamed bank who had accepted money under the Bush administration to recapitalize. It worked, and now that bank’s chairman wants to give the money back. They’ll even write a check back with interest. But not only has the Obama team said “No,” but according to Napolitano, they’ve threatened the bank with “adverse” consequences if the chairman persists in trying to pay the government back.
Isn’t paying back the taxpayers supposed to be the goal?
So what do we have? The government has now fired the chief executive of GM (interesting that the president of the United Auto Workers is untouched), and now a bank with TARP money can be told how and to whom to lend it’s money. The prosperity of this country has never been based on political distribution of credit – until now.
It’s as if we’re handing over our economy and our businesses to the government, and I’m hearing remarkably little from the media in protest. And if you’re not worried just how far we can go in four years, I’m reminded of how quickly the Nazis changed the Weimer Republic in Germany. In the 1928 elections, Nazis received less than 3% of the vote. But by 1932, they were the largest party by far with more than a third of the vote. It’s a different issue but one that shows just how fast momentum can work.
Is this the “Change we’ve been waiting for?”
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