Posted on 01/20/2010 7:21:55 AM PST by AReitmann
After Obama succeeds in jamming health care changes down the collective throats of his embattled constituents, his next move will be to bring overt socialism to the United States in the guise of regulatory reform.
The legislation he seeks to pilot through the Senate (it already passed the House) literally gives the Secretary of the Treasury the power to seize any company in any sector which, in his judgment, is in danger of insolvency and whose failure would cause systemic damage to the national economy (aka - too big to fail).
Once the government has seized a private business under this horrific law, the Secretary of the Treasury is empowered to fire its management, replace its board of directors, wipe out the equity of its shareholders, and close any divisions or parts of it he wishes. Fidel Castro and Hugo Chavez would envy such power.
(Excerpt) Read more at jewishworldreview.com ...
bookmark.
It's as good as his We the People. Ray gets it.
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