Seven Trillion Dollar Man

Yesterday, Barack Hussein Obama, Jr. gave his much anticipated news conference concerning his plan to deliver us from the economic crisis. Obama described the current economic situation as historic and proposed a stimulus package that would shock the market. BO displayed his economic acumen by describing the "stimulus package" as "big." No numbers, no cogent and enlightened plan, just the usual BO tap dance and fashion show. All form and no substance. This should come as no surprise. The song and dance routine won him the election, promising his voters a lifetime supply of cotton candy and appealing to their sense of cool. The bailout plan from the left is estimated at a total cost of Seven Trillion Dollars, an amount exceeding all the money spent in Iraq and representing a deficit far exceeding any amount up to now. Apparently, deficits don't matter anymore, so long as the maniacal spending comes from the democrat left. How the U.S. dollar will survive this orgy of debt and subsequent currency devaluation is anyone's guess. I'm anticipating a dollar disaster when that bubble pops. Already the spin masters are making excuse for Obama's flip flop on a major campaign promise: to end the Bush tax cuts early. Apparently, the messiah is not quite up to the task of economic reform in the manner that was promised on the "talk is cheap" campaign trail.

Well, so far we seem to have a really cool socialist who is bent on implementing a third Clinton term. This is laughable. BO attacked McCain during the campaign by associating him with a Bush third term. How ironic is it that Hillary, soon to be Secretary of State, once described Obama's foreign policy as irresponsible and naive. The rest of his appointees seem to be Clinton retreads. The next four years will certainly provide plenty of material for comedians and critics.

However, what is not humorous are the oppressive effects of BO's proposed policies. Currently, Congress is contemplating a bailout of the big three auto manufacturers. Aside from the folly associated with the waste of tax revenue, the most disturbing development is government's encroachment on liberty. If the bailout takes place, the control of private enterprise will be subsumed to the coercive power of the state on a level never before seen in this republic. And, of course, the authoritarian man-child Obama fully supports this. Obama has stated plainly that the auto makers will be beholden to him and his regime. As a consequence of accepting bailout money, the auto makers will be required to submit to Congressional dictates concerning the direction and objectives that the industry will pursue. This means that Congress will be directing the big three manufacturers on matters concerning what kinds of cars to produce. The implications of this are astounding. How long will this republic survive under central planning of this magnitude? We are witnessing the nationalization of our banking system and the planned nationalization of the auto industry. And, at the head of it all is the Omniscient Administrator, Barack Hussein Obama, Jr. We see Obama's antecedent in the current Treasury Secretary. Paulson has been granted arbitrary powers of authority in the bailout bill. His duty is to ensure the economic welfare of our citizens. This legislation far surpasses the language of the Constitution. But, Constitutional matters seem to be of little import in these "desperate" economic times. Our liberties are being peddled away under the guise of crisis. The democrats in congress and the incoming administration play the act of the fear monger in order to extend and coalesce their power. If the auto industry becomes the vassal of the Obama aristocracy, who will then be immune from servitude?

Here is the full text of the bailout bill:

Emergency Economic Stabilization Act of 2008 - Free Legal Forms

The new administration describes the free market as an entity to be shocked into submission. The hubris of this attitude is patent. Their view is that the free market must be brought under the control of the state and harnessed by the enlightened aristocracy. Obamabots chanted about change and hope, voted for an image and now only receive the tired, worn, and discredited slogans of the socialist left. There is nothing new or novel in this. Obama is merely Marx in an expensive suit and Malcom X without the spectacles.

"These unhappy times call for the building of plans that rest upon the forgotten, the unorganized but the indispensable units of economic power, for plans like those of 1917 that build from the bottom up and not from the top down, that put their faith once more in the forgotten man at the bottom of the economic pyramid." (Franklin Roosevelt, 1932)

Sound familiar? So much for Change, for new and fresh ideas.

Update: Here's a link to the facts and figures on the mind boggling bailout numbers! And, for all you Obamabots, here's the New York Times article! Also, you can still access the Congressional document above by clicking the link just below the preview window.