President Bush Considers a Government Take Over of Banks

 The Wall Street bailout bill ( I refuse to call it a rescue bill) that was passed gave the treasury secretary $1 trillion and basically unlimited to do whatever he wanted to do with the money. This was supposed to stabilize the stock market and thus the economy but we have all seen what has happened to the stock market since the bailout was approved by the traitors in the house and senate and then signed by President Benedict Arnold in the whitehouse.

 As you can tell this latest turn of events has me pretty pissed off. As if it wasn’t bad enough that the mortgage industry and the whole free market, capitalistic, economic system has been taken over by the federal government in the guise of easing the nervousness of the American people, we find out that the Bush administration is considering, under the bailout bill, taking an ownership stake in certain United States banks.

The Bush administration is considering taking ownership stakes in certain U.S. banks as an option for dealing with a severe global credit crisis.

An administration official, who spoke on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return.

 The administration, as well as Democrats and Republicans in congress are trying to scare us into accepting a socialist form of government and I am fucking pissed off about it. Whenever the president sides with the likes of Chuck Schummer nothing good can come from it.

 I understand that the Democrats are socialists at heart and borderline communists but to see a president who claims to be a conservative Republican follow in lockstep with such a sellout of the whole free market ideal that America was founded on is just plain disheartening.

 We have now nationalized the mortgage industry, the economy, and may nationalize the banking system, and it is only going to get worse once Barack Obama is president. America will then nationalize healthcare, big oil, and insurance companies (all of which I have written about in the past) and where does it stop?

 America is headed in a dangerous direction between Obama’s frequent attacks on the freedom of speech and of the press which I have written about many times but here would be a good place to start, and his true stance on the second amendment, and his Utopian view of America, coupled with the recent government takeovers of our economic system.

 We are headed down a path to socialism and as we slide down that road I can’t help but think that Ronald Reagan once warned about “losing freedom through installment”, he just never would have guessed that it would be a fellow Republican that would have contributed so greatly in turning America in that direction. We are losing our country, or more accurately, it is being taken from us and I feel so helpless. I don’t know what we can do or how we can stop it.

 During the immigration reform fiasco I got a case of Bush Derangement Syndrome but I took some medication and got better, I think that it has returned. Somebody call me a doctor.