If you have ever encountered a leak in your home, maybe behind a wall or under the house where it wasn't noticed for some time, you know the tremendous amount of damage that can be done over time. Incrementally. Gradually. When you finally do realize what has happened, it is too late to save a lot of damaged area that needs to be ripped out and rebuilt.
I am afraid that this is exactly what is happening to our government. Slowly, over a period of time, we are having our Republic eroded and in its place we are seeing a stronger centralization of power in Washington. It is happening in the name of propping up the economy. What really is happening is the nationalization of our banking industry. In addition, just look at what Representative Barney Frank has done: From the WSJ:
"Mr. Frank, by his own account, wrote into the TARP bill a provision specifically aimed at helping this particular home-state bank. And later, he acknowledges, he spoke to regulators urging that OneUnited be considered for a cash injection." To the tune of $12 million.
Our Governor, Mark Sanford is quoted in the article: ""It's totally arbitrary," says South Carolina Gov. Mark Sanford. "If you've got the right lobbyist and the right representative connected to Washington or the right ties to Washington, you get the golden tap on the shoulder," says Gov. Sanford
He is correct: it is totally arbitrary now which companies get Federal assistance and which do not, based on political favors and payback! Remember - these are your tax dollars being given out here.....
This has everything to do with the perpetuation of power by guys like Rep. Barney Frank and Sen. Chris Dodd - both chairing powerful Congressional Finance Committees.
It is time to be outraged, Americans, over this! Maybe Madam Speaker Pelosi or Senate Majority Leader Reid don't care. But I do! South Carolina does!
We are going to wake up one day and the world is going to have no faith in the US Dollar. Then what?
It is time for the Federal Government to stop dangling stimulus carrots and get out of the way....this is a scary trend of Nationalization of private businesses - incrementally leading us down the road of Socialism or worse. As bad as it may seem, we must allow some businesses to fail and some to succeed in a natural business climate without being propped up by a government which has greatly overstepped its Constitutional authority. Our Founding Fathers envisioned a weak & limited central government - stronger state governments and most of the power in the hands of the free people.