Our Work is Not Done
It was so refreshing to witness the throng that diverged on Washington DC this past Saturday. The "official" mainstream media outlets had the numbers at 60k give or take. After viewing data from multiple blogs, as well as reports from alternative media sites it is clear the numbers were well in the six figure range. Folks, the government media complex is down playing this march on Washington for political reasons. It simply wants you to believe there but a few that oppose the Obamanation and his socialist/statist vision and policy initiatives. As Saturday so aptly demonstrated nothing is further from the truth.
The primary reason for todays post is not to revisit Saturday with pictures and videos of American taxpayers and liberty loving individuals marching on Washington. There was plenty of that posted by more accomplished bloggers than this humble rebel in the cause for limited government and freedom from socialistic/statist altruism. Rather todays post is about the Obamanation turning briefly his attention from ObamaCare to greater fascistic intervention and regulation of the financial markets.
The President's stated purpose is, and I quote from The Washington Post, "...... and make the case anew for rewriting the nations financial rulebook. In a quote by an administration official Sunday he is to encourage leaders of the financial sector "to take resposibility, not only to support reforming the regulatory system but also to avoid a return to the practices on Wall Street that led us to the financial crises."
Sure Wall Street and the Banking industry had some responsibility in the economic dislocation of 2008. But how conveniently the errors in judgement, both by congress and administrtion officials in the GWB as well as the BHO administrations are so conveniently overlooked. One has to ask why this is. The obvious answer it is because once again the statist tendencies of government are working through this President to further regulate business and ultimately your choices and your life.
Recently Timothy F. Geithner, Treasury Secretary, has said "greater urgency" and "fundamental change is necessary" to push through regulatory reform. What he and the Obamanation are talking about is reform that places greater control in the ability of the state to regulate your business and your ability to compete in the US and global marketplace. More Federal Bureaucratic control is on the way.
Some of the "reforms" include, a new federal consumer agency, expanded authority for the Federal Reserve to Monitor (read control) the economy, streamline banking emulations, allowing the government to take control over failing financial institutions (anybody smell more bailouts), and greater consolidation of banking regulatory agencies to name the most notable.
Of course we will have in charge such stalwarts of efficiency, truth, and concern for the rights of the individual as Rep. Barney Frank (D-Mass.), and Senator Christopher J. Dodd (D-Conn.), both reared in the socialist/statist ideology. We saw how involved, and how well that worked out and contributed to the original beginning of the current mess we are still facing. It is likely to get worse in the long run with increased Fed.eral fascistic regulation.
The administation has proposed adding another layer of bureaucracy. It wants to create the Consumer Financial Products Agency. This proposal is adamantly opposed by the U.S. Chamber of Commerce. The Chamber argues that this will simply further increase regulation, increase cost, stifle innovation, and reduce choices for the consumer. Further regulation, and another bloated agency is non nonsensical. The Chamber is right in opposing this. As is the case with most of government regulation it in the end hurts American productivity and ability to compete.
The full text of the Washington Post article can be read here. Rational Nation USA leaves you with a quote from our Chief Executive (who never held a real job). "We've got to pass financial regulatory reform. And this is an example of where folks say, well, should the Obama administrtion be taking on too much? The fact of the matter is that if we don't pass financial regulatory reform (read control), then banks are going to go back to the same things that they were doing before."
Folks, read carefully between the lines. More regulation by an increasingly socialistic and statist government is exactly what we do not need. Our liberties are continuing to erode rapidly.
The primary reason for todays post is not to revisit Saturday with pictures and videos of American taxpayers and liberty loving individuals marching on Washington. There was plenty of that posted by more accomplished bloggers than this humble rebel in the cause for limited government and freedom from socialistic/statist altruism. Rather todays post is about the Obamanation turning briefly his attention from ObamaCare to greater fascistic intervention and regulation of the financial markets.
The President's stated purpose is, and I quote from The Washington Post, "...... and make the case anew for rewriting the nations financial rulebook. In a quote by an administration official Sunday he is to encourage leaders of the financial sector "to take resposibility, not only to support reforming the regulatory system but also to avoid a return to the practices on Wall Street that led us to the financial crises."
Sure Wall Street and the Banking industry had some responsibility in the economic dislocation of 2008. But how conveniently the errors in judgement, both by congress and administrtion officials in the GWB as well as the BHO administrations are so conveniently overlooked. One has to ask why this is. The obvious answer it is because once again the statist tendencies of government are working through this President to further regulate business and ultimately your choices and your life.
Recently Timothy F. Geithner, Treasury Secretary, has said "greater urgency" and "fundamental change is necessary" to push through regulatory reform. What he and the Obamanation are talking about is reform that places greater control in the ability of the state to regulate your business and your ability to compete in the US and global marketplace. More Federal Bureaucratic control is on the way.
Some of the "reforms" include, a new federal consumer agency, expanded authority for the Federal Reserve to Monitor (read control) the economy, streamline banking emulations, allowing the government to take control over failing financial institutions (anybody smell more bailouts), and greater consolidation of banking regulatory agencies to name the most notable.
Of course we will have in charge such stalwarts of efficiency, truth, and concern for the rights of the individual as Rep. Barney Frank (D-Mass.), and Senator Christopher J. Dodd (D-Conn.), both reared in the socialist/statist ideology. We saw how involved, and how well that worked out and contributed to the original beginning of the current mess we are still facing. It is likely to get worse in the long run with increased Fed.eral fascistic regulation.
The administation has proposed adding another layer of bureaucracy. It wants to create the Consumer Financial Products Agency. This proposal is adamantly opposed by the U.S. Chamber of Commerce. The Chamber argues that this will simply further increase regulation, increase cost, stifle innovation, and reduce choices for the consumer. Further regulation, and another bloated agency is non nonsensical. The Chamber is right in opposing this. As is the case with most of government regulation it in the end hurts American productivity and ability to compete.
The full text of the Washington Post article can be read here. Rational Nation USA leaves you with a quote from our Chief Executive (who never held a real job). "We've got to pass financial regulatory reform. And this is an example of where folks say, well, should the Obama administrtion be taking on too much? The fact of the matter is that if we don't pass financial regulatory reform (read control), then banks are going to go back to the same things that they were doing before."
Folks, read carefully between the lines. More regulation by an increasingly socialistic and statist government is exactly what we do not need. Our liberties are continuing to erode rapidly.
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