The Government Will Decide Who Is Too Big to Fail.

[RoyalOrleans]

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So here we go. The Democrats in the House (thanks to the leadership of slobbering Barney Frank) have been working on financial industry reform legislation. This legislation is a Socialist's wet dream. It allows government bureaucrats to scan the private sector - spot some prey - create a story of despair and danger - and swoop in for the kill. It was Slobbering Barney who originally came up with the idea .. but now it's being refined by Pennsylvania Democrat (of course) Paul Kanjorski. Kanjorski is proposing legislation that would expand the powers of our imperial federal government beyond anything we have seen thus far. It will eclipse George Bush and Barack Obama and Barney Frank and Harry Reid.

 

Kanjorski's brilliant idea is legislation within the next few weeks that will give the federal government the power to preemptively break up financial firms that it deems "too big to fail." We aren't talking about creating pools for bailout emergencies or "living wills" for institutions if they should fail. We are talking about the federal government having the power to decide when a company is too big, and using force to dismantle that private company.

 

Unfortunately, Kanjorski isn't alone. He has an ally in the House. And that ally happens to be a Republican. Actually ... no surprise there. The Republican Party has pretty much become a party of big government as well ... just not as big as fast. Alabama Republican Richard Shelby says that he like Kanjorski's idea. Yep. Shelby says that he supports having a federal regulator that would have the power to make financial firms "stronger or smaller" before they pose a threat to the economy.

 

Kanjorski is dismayed to point out that our Constitution limits the powers of the federal government. He describes those powers as "not clearly defined." He says that with his legislation, "we're going to be evident in the power." You know ... I thought the 10th Amendment was actually pretty clear on this. The federal government only has the powers specifically enumerated in that document. All other powers are reserved for the states or the people. How "not clearly defined is this"?

 

I hope you folks understand that today's Democrat Party views our Constitution as a nuisance. It stands in the way of their grand schemes for an American Society of Government. Ask Pelosi about the Constitutionality of her health care takeover and she screams "Are you serious?" Kanjorski talks about a Constitution that does not "clearly" define government power, and the White House dismisses the need for any Constitutional inquiries made of the ACORN Administrations big government dreams.

 

Elections have consequences!

 

A year ago you woke up to the reality of a president and a congress intent on relegating our Constitution to the "casual reading" section of your local Barnes and Noble.

[Ahhlee]

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