Alan Greenspan Backs Nationalizing the Banking Industry

 We are slowly headed towards socialism. Actually, no we are not. We are quickly headed towards socialism. President Obama is heading full steam ahead into the socialist sea.

 President Obama has talked about a temporary  nationalization of the banks, an idea that seems to be gaining support with some Republicans making it impossible for the remaining members of congress to stop it from happening.

 Today Alan Greenspan endorsed the idea of a temporary nationalization of the banks. It seems all but certain that this is going to happen as today President Obama unveiled his plan to help bailout the people who are not paying their bills. This will be done on the taxpayer’s dollar. This will be done on the backs of you and I, the hard working American suckers who believe in doing things the right way. This is a redistribution of wealth.

 He will nationalize the banks, he will make it easier for judges to come in and rip up signed contracts between lenders and borrowers, and he also said that he would force the banks to keep interest rates low in order to ensure that people will be able to get affordable loans. That sounds good but there is only one way for Obama to dictate (and I use that word purposely) what the interest rates on loans can be, and that is if he, the government, owns them.

 We are seeing the government extending it’s tentacles into private businesses and taking them over. From the automobiles to the banks this insidious practice is continuing and it won’t stop. Obama can claim that it is just a temporary takeover but come on, when has the government ever given back power that it has taken from the people?

 This is a dangerous road that America is headed down. Our very core values, and our system of government is being usurped and there is nothing that we can do to stop it, we are powerless. And that is the way that President Obama likes it. All the better to subjugate you with Grandma.