Too in Debt to Care as American Freedom Falls?

Welcome to your first days of socialism, ladies and gentlemen. The move by the Feds to transfer our national wealth under simple strokes of their pens is the beginning of the end. The sad thing is, most Americans are too in debt to care.

The $700 billion dollar proposed bailout marks the biggest redistribution of wealth this country has ever seen. The sad thing is that when it's all said and done, your money and mine becomes all the more imaginary. With the Federal Government in charge of brand new banking budget that doubles the Pentagon's annual budget, they can write as many checks as they want to just about whomever they want. Like sickly cows walking under the teat of American innovation and progress, the Federal Government now owns your money and mine.

The latest bailout proposal is massive and not just in dollars. It's massive in what freedoms we give up. It defaults responsibility and rewards greed. Expect things to get bigger and uglier, all this from an adminstration that promised "smaller government." Defaulted properties will quickly become property of the Feds. Do you understand that? This move puts the government over a massive number of private properties across the nation. One of the fundamental doctrines of the Constitution has been overturned by the stroke of pen. The idea of America, the idea that if you work hard you can own something for yourself and for your family, the idea that we are fighting for across the oceans, is the very idea that has crumbled on our own shores.

The enemy of capitalism at the highest levels of our nation is greed. No one, not our President and not our elected officials in Congress, took on the challenge of eliminating greed through regulation seriously-- until it was too late (amend that statement with the above blog). At the same time all this was happening, the enemy of capitalism at the grassroot level (stupidity and insecurity) ripped us apart from the inside out. We're too busy acquiring more and more and more "stuff" to successfully manage our own freedom. 43% of Americans spend more than they make every year. Is it any wonder we have a banking crisis? Hello? Anyone out there?

Perhaps the most telling thing is that this $700 billion dollars will be spent on banking corporations, not on average Americans trying to make ends meet. The bailouts average out to almost $5,000 per man, woman, and child in America. Think about it, for my family of four, that would equal somewhere between $16,000 and $20,000. Talk about a 'stimulus' package.

But what else were they going to do? The public has already demonstrated the inability to manage that kind of money. The sad thing is, the banks have already demonstrated the inability to manage that kind of money too. Now we had a third set of fingers into the American pie by allowing the Feds to manage it. Do we really expect them to do any better? Last time I checked, their debt was running in the trillions.

Game over people. We lose. Freedom loses. Our future loses. It's the beginning of the end and our forefathers are all rolling over in their graves.

Thomas Jefferson:

"Banking establishments are more dangerous than standing armies."

"Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gain."

"Never spend money you haven't earned."

"Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice."

-- George Washington

"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men."

-- Woodrow Wilson