Socialism is Alive and Well in America

Thanks to Obama mania, we are seeing capitalism disappear before our very eyes. The rest of the world doesn’t want capitalism, and neither does our government. It’s to blame for this financial mess. It’s the dreaded capitalism, stupid.

What’s disconcerting is that Mr. Obama has gained an advantage because of this mess to push his socialist agenda, side with the Europeans, and will secretly abolish capitalism as we know it, all the while smiling and telling you he’s your President, and he’s rooting for the UNC Tarheels.

Last time I checked my copy of the U.S. Constitution, nowhere did it say the President of the United States can seize control of a U.S. business, fire its CEO and effectively run it himself. (Let’s see….remind me again how much business experience these politician/lawyers have?) I don’t care if you think Rick Waggoner is an asshat. That’s why companies have a Board of Directors and shareholders. Let them deal with GM’s future. But oh, I forgot, we’re dealing with the savior, the most popular President in history. And he’s using the arguement that it’s “our money” that he’s safguarding, in order to justify this most egregious breach of capitalism American history has ever seen.

Now comes the G-20 and more global financial regulation. In the future, you’ll probably be going on the IMF website to download your company 10-Ks. The SEC will be a puppet organization with reporting requirements to the IMF (a European-style institution). People think U.S. securities regulation was ineffective, just wait until some non-English speaking body tells Wall Street and corporate America how to run its business. Will Obama cave in? Of course he will. He was born to be a facilitator. Plus, he reads speeches from a teleprompter that are written by other people. It’s all very convenient.

None of this is good for America, capitalism or the stock market. This will not make things better. It will make things worse. Wealth is being redistributed, only to be frittered away in the hands of bureaucrats, both foreign and domestic. More egregiosity.

Socialism has proven to be a failure, yet our government still insists on pursuing it.

You want a depression? You got a depression, Mr. Obama. It’s your baby now.