The Tyranny of Socialism

PatriotPost.USWednesday Chronicle Vol. 09 No. 14 8 April 2009

THE FOUNDATION "A fondness for power is implanted, in most men, and it is natural to abuse it, when acquired." --Alexander Hamilton

EDITORIAL EXEGESIS

"Didn't Treasury Secretary Timothy Geithner say that it was not the administration's intent to control private companies? Then why is it reportedly reluctant to accept TARP repayments from some banks? If it has indeed declined to accept $340 million in payments from banks in Louisiana, New York, Indiana and California, the administration is tacitly admitting that it wants to control those banks as well as others that will try to pay back the taxpayers' money they took in the Troubled Asset Relief Program. By refusing repayment, the government can keep the leverage it bought with the bailouts. Banks that still 'owe' would not be in position to reject the administration as a 'partner.' This reminds us of mobsters making a small 'investment' in a family-owned shop, which is not always wanted by the owners, and then using it to justify taking over the business. ... Before his trip to Europe, President Obama, according to Politico, told a group of financial institution CEOs who were unhappy with the federal war on executive salaries and bonuses, 'My administration is the only thing between you and the pitchforks.' At the time, that sounded like nothing more than exaggeration. ... Looking back, these are small signs that reveal the administration's desire to seize command of the nation's financial system. The bigger, unmistakable sign is the reluctance -- or is it outright refusal? -- to take $340 million from four banks trying to be responsible and operate on their own. This shouldn't be happening in this country. The private sector and the state are not to be mixed. The American financial system is best directed by markets, not politics. Prosperity and liberty suffer when the latter excludes the former." --Investor's Business Daily

INSIGHT "Back in the thirties we were told we must collectivize the nation because the people were so poor. Now we are told we must collectivize the nation because the people are so rich." --National Review founder William F. Buckley Jr. (1925-2008) "If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand." --Nobel prize-winning economist Milton Friedman (1912-2006)

UPRIGHT "It's recently been reported that President Obama is refusing to allow banks to repay their TARP funds. In other words, he's declined to allow them to exercise the 'accountability' he has rhetorically embraced. ... Could it be, after all, that President Obama's objective isn't so much to demand responsibility from the private sector than it is to strengthen the government's control over it?" --columnist Carol Platt Liebau

"Five minutes of explanation to James Madison, and he'll have a pretty good idea what a motorcar is (basically a steamboat on wheels; the internal combustion engine might take a few minutes more). Then try to explain to Madison how the Constitution he fathered allows the president to unilaterally guarantee the repair or replacement of every component of millions of such contraptions sold in the several states, and you will leave him slack-jawed." --columnist Charles Krauthammer

"[M]ore important than the left's hypocrisy is their ongoing disrespect for the Constitution when it suits their political ends. We are living in a time when the very integrity of the Constitution is being threatened daily, from federal bailouts to federal assumption of control over private business." --columnist David Limbaugh

"Socialists believe in government ownership of the means of production. Fascists believed in government control of privately owned businesses, which is much more the style of this government. That way, politicians can intervene whenever they feel like it and then, when their interventions turn out badly, summon executives from the private sector before Congress and denounce them on nationwide television." --economist Thomas Sowell

"If the Republicans can't break out of being the right-wing party of big government, then I think you would see a third party movement in 2012.... Remember, everything Obama's doing, Bush started last year. If you're going to talk about big spending, the mistakes of the Bush administration last year are fully as bad as the mistakes of Obama's first two, three months." --former House Speaker Newt Gingrich

DEZINFORMATSIA: Looking for a Savior in All the Wrong Places

Looking to the wrong guy: "I think we all find [Obama] very charismatic, very handsome, and almost with the responsibility of being a savior on his shoulders." --CBS's Julie Chen