Monday, September 08, 2008

No Taxation Without Representation

"Following its knee-jerk, free-market, Milton Friedman-obsessed ideology, the Bush Administration has seized control of Fannie Mae and Freddie Mac."

That's Russell Roberts, lampooning the impending liberal response to yesterday's federal seizure of trillions of dollars of home loans, and taxpayer-subsidized payouts to investors.

Actually, liberals aren't going to be all that critical of the Bush Administration, because liberals are part of the problem, and need to maintain the fiction that the federal government is our Messiah. Democrats hope to take control of the dictatorial reins now held by Republicans, not to eliminate those powers.

"Speaking of the imperial presidency–all these huge new powers and expenditures are being conducted without any sanction from Congress and with little public debate."

So writes David Boaz at the CATO Institute.

Were your elected representatives part of the Treasury Department's seizure? Did they represent you?

The Constitution, as a roadmap for government taxation and appropriation, was completely bypassed.

That's no news to readers of this blog.

The Constitution is a meaningless historical relic.

A CNBC report quotes Jim Rogers, a well-renowned investor and an expert on China, saying that the United States is now more communist than China. Only Cuba and North Korea have a larger percentage of the economy under centralized regulation than the United States. Sunday's action controls about half of the U.S. mortgage market, $5 Trillion. That's half of the entire GDP of China.

Remember that this "crisis" is government-induced. The government has been using mortgage bankers as instruments of social change to put trillions of dollars of home loans into the hands of "the disenfranchised" and preferred minorities who otherwise would have been too risky to lend to. This is more than just buying votes (but it is that). It is enslaving - nationalizing - homes and "homeowners." "The rich rules over the poor, And the borrower is the slave of the lender." (Proverbs 22:7)

The following British parody is truly illuminating, but it doesn't hit you across the face with the fact that this whole situation is immoral. It is the complete opposite of "Vine & Fig Tree," the original "American dream." It amounts to a huge national structure of larceny and covetousness. It truly reflects on the basic character of America, her people and her institutions, that character being nearly sociopathic: a complete disregard for the well-being of others. This exchange is truly witty, but think about the moral dimensions of what's being described, and it is sobering, to put it mildly. Remember, the Declaration of Independence says we will answer to "the Supreme Judge of the world" for the ethics of our behavior, and that only if our behavior conforms to "The Laws of Nature and of Nature's God" can we have "a firm reliance on the protection of Divine Providence." Don't you feel safe and protected, knowing that McCain, Obama, support final Sovietization of Fannie, Freddie, assisted by the wise experienced leadership of Sarah Palin and Joe Biden? We're in good hands.

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