Government Seizure

“We never want to serious crisis to go to waste.”
- Rahm Emanuel, Chief of Staff, Office of the President

They’ve already demonized the banks and financial institutions. They’ve demonized the auto industry and its executives. Now that the country is up in arms over AIG, the President is making a move to allow the government to take over non-banking entities, within the financial sector.

My question: What’s next?

And my follow-up is this: If this doesn’t scare the HELL out of you, I don’t know what will.

It was private jets. Now bonuses, executive compensation, and confiscatory taxes. And in order to correct all of this, Treasury floats the idea of being able to take over companies that we ‘can’t afford to let fail’. All under the guise of, if we had this power, we would have been able slowly unwind AIG.

Please. This is a power grab of epic proportions. We are losing our country and our freedoms of both liberty and economy and its happening right before our eyes.

If you care one bit about this country and system that it was founded on, you will contact your member of Congress and your Senators and tell them that they have a responsibility to put this action in check.

Oh yeah, and as for the quote that opened this piece, watch the complete video. Emanuel goes on to reference several items that should be addressed in this time of crisis – energy being the first.

So dear readers of SteakMatters, what is next? I’ll tell you – the energy industry. Mark my words, as gas prices begin to creep up through Spring and into Summer, Congress and the President will be calling these executives to the dais to talk about what they are doing, or not doing, and asking ‘How can you sit there making ‘obscene’ profits’ when the country is in a recession.

Let’s hope they fly coach.

- POTUS