Wednesday, September 17, 2008

Government beatdown of the "middle class"

H/T to Eternity Road for Fascism at Work, Hold on to Your Wallet! for an excellent post on the current "bailouts" that we - the people - are being forced to pay. Just think of it as a "transfer of wealth" and another TAX, TAX, TAX under another name. And one could also wonder if these "bailouts" are really something more and that is building monopolies that will further limit our choices for investments. Hmmm.... The US gov gets ALL of our financial records from various companies now. How much easier if the gov could just deal with a few companies. I don't see "conspiracies" around every corner but when our House of Representatives in the name of "affirmative action" home buying forces - through legislation - lending companies to lend to folks with no ability to repay loans, our government is lighting the fuse for an eventual "self-initiated" crisis. Will, congress lit the fuse and just waited for the emplosion. I have long believed that the "powers that be" are happy with the American people being able to buy a few cars each and a middle class home as well as a TV in every room BUT that they also like to be able to slap us down upon occasion and let us know who is really in charge and control of our lives. We've simply been too prosperous and our Congress and Senate are gonna make us pay for being "uppity." But hold on to your stock and your 401K programs. We'll get through this again. It is just a disappointment when your own government is putting the screws to you and punishing your hard work...

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