The Hostile Takeover

Not content with spending us into a potential oblivion of inflation, Barack Hussein Obama wants Congress to grant him essentially arbitrary powers to control the financial sector. He is seeking and, with Democrats in charge of both the House and Senate, will likely gain the authority to influence outcomes, to reward friends and punish critics on Wall Street, and to do so without judicial review, merely with the stroke of a pen by he or his cadres granted sweeping regulatory and enforcement power. If one fancied oneself a civil libertarian and was uncomfortable with the last President Bush, who was staid and restrained, claiming he needed enhanced surveillance abilities to conduct the war on terror, how could you possibly be comfortable giving a radical this much hold on the economy- your financial destiny? On the aforementioned inflation front, the sword of Damocles of a coming Wiemar or Zimbabwe has started descending on our heads with food prices at the wholesale level surging the most in twenty-six (26) years last month carrying the Labor Department's Producer Price Index up seven-tenths of one percent (0.7) when analysts, the so-called experts anticipated it would only rise four-tenths (0.4). Food prices climbed 2.4% and that is one cost each and everyone of us will be forced to bear (assuming we all eat and do not rely entirely on Food Stamps). I would not trust Obama and his team of ivory tower leftists to successfully run a mall kiosk, but we are expected to rely on them to operate everything else as their takeover widens to additional portions of our economy.