Conservative Viewpoints

"Government is not the solution…it is the problem" -Ronald Reagan

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Who does Geithner think he is?!?

Posted by Stephen on March 24, 2009

Oh, that’s right, he’s Socialist/Fascist President Obama’s right hand man and Treasury Secretary. What’s next, socialized medicine, nationalization of banks and business, government control of oil and energy, or maybe they’ll be done with business for a while and turn their attention to ways of isolating you as a threat if you are against abortion or a member of a conservative group.

Come to think of it, they’re already working on all of the above….

My goodness; how far we have fallen.

In case you missed it, Treasury Secretary Timothy Geithner asked Congress Tuesday to give the White House unprecedented powers to seize large insurers, investment firms and hedge funds, leaping beyond its present authority to seize only banks.

Geithner argued for such authority during the House Financial Services Committee’s hearing on the handling of bonuses paid to executives at American International Group.

“As we have seen with AIG, distress at large, interconnected, non-depository financial institutions can pose systematic risks just as distress at banks can. The administration proposes legislation to give the U.S. government the same basic set of tools for addressing financial distress at non-banks as it has in the bank context,” Geithner told the committee.

Specifically, the Treasury secretary asked for powers similar to those of the Federal Deposit Insurance Corporation, which has authority to seize control of banks, take over their bad assets and sell good ones to competitors.

“AIG highlights broad failures of our financial system,” Geithner told the House Financial Services Committee. “We must ensure that our country never faces this situation again.”

Once again, it’s the “The Sky is Falling” defense that has always been executed very well by leftist fascists that have but one goal, to nationalize America.
I know it’s not popular with an administration hell-bent on government take-over of, well, everything, but perhaps the solution is not to spend trillions of dollars on bail-out’s of private enterprise while ignoring the credit problem that created this fiasco in the first place.

Then again, it was the Democrats that screamed from the mountain tops to open the sub-prime market in the first place. I guess if I were them I would want to deflect as much attention as I possibly could.

Geithner has no Constitutional argument for his request, no free market rationalization that makes any sense, and no precedent that would explain his agenda. He only has his ideology and deep desires to champion the greatest change in American history; from democratic free market principles the country was built on, to Mussilini fascist nationalization of all that he surveys. That’s the agenda of this administration.

That’s the plan Obama and his cronies have been cultivating for decades. It’s SOCIALIST America making way for FASCIST America led by a community activist who’s never held a job-turned President.

Stephen Winslow is the executive editor of Conservative Viewpoints.


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