After signing the financial reform bill into law today the President proclaimed "Because of this law, the American people will never again be asked to foot the bill for Wall Street's mistakes."
The word you need to focus on here is ASKED. Never again will the President of the United States have to ask you before he bails out whatever company he and his regulators decide to. Never again will the President have to go to congress and ask the people who represent you for the ability to bail out or take over a company.
Now you might say, but this means that tax dollars will no longer be used to pay for these bailouts. In a way you would be right because now the money to perform these takeovers or bailouts would come from a fund that financial institutions would be forced to pay into. Where do you think that money will end up coming from? The banks aren't just going to pull it out of thin air, it will come from increased fees on all kinds of financial products from ATM fees to check cashing. Either by tax or by fee you will end up paying for this but now you have absolutely no say about it.
With the passing of health care and now financial regulation the congress has made themselves completely irrelevant. The constitution specifically put the power to spend and collect taxes in the hands of congress as part of the separation of powers between EQUAL branches of government. The congress has now handed over those powers to the executive branch for about 70% of the entire economy. That number may be higher when you consider that the EPA may soon "tax" the production of energy at the request of the President if congress fails to pass the cap and trade legislation. Think about that, if congress doesn't do what the President wants on energy he will simply do it through the EPA.
So what about the third branch of government intended to put a check on the other two, the judicial branch. Has it gone unnoticed that despite the federal courts tossing out the President's ban on offshore drilling and then rejecting the appeal of that decision the ban is still in effect. This President has decided that he can ignore any challenge to his will simply because he believes he is right.
Not only is the outcome of due process that he disagrees with being discarded the President is on track to eliminate the need for due process all together. Two of the most disturbing policies ever considered are being adopted by this administration for the handling of suspected terrorists and those who are suspected of funding terror.
For those suspected of funding terror organizations the Department of Justice and major Senators are looking at the idea of being able to detain these people indefinitely without due process. No lawyer, no rights and indefinite detention if you are suspected of funding a terrorist group. Couple this with the fact that the new financial regulation law creates a Department of Consumer Protection that will be able to monitor any and all financial transactions you make. Every credit card purchase, ATM withdrawal, bill payment and check written will be monitored in order to protect you from those evil financial institution that may prey upon you with sub prime loan offers.
Given the fact that the current DOJ believes that terror is but a tactic and that Jihad is a valid tenant of Islam it becomes very unclear what exactly constitutes a terrorist organization. Could the NRA or a Tea Party group at some point be classified a terrorist organization? According to the DOJ these kind of groups are as much a potential threat as Al Queda. Hope you didn't make a donation to the NRA or a Tea Party group, you may soon be considered a funder of terror.
For those suspected of actually being a terrorist the President and the DOJ have apparently created an assassination list of American citizens as they put it "far off of the battlefield". Treason is a capital offense punishable by death but it requires two witnesses and a trial before the sentence can be carried out. What the President is incredibly doing through the CIA is targeting American citizens SUSPECTED of being terrorists for assassination. The power to imprison and the power to kill American citizens without due process is being claimed by the executive branch, ALL HAIL CEASAR.
The reason why none of this is being brought to your attention by the television and print news media is simple, they have become an agent of the executive branch. From the time Obama was running for office a group of hundreds of journalist colluded to ensure that any damaging stories about candidate Obama would be smeared and silenced. Do you own research or simply look at the results of this google search for the term journolist.
There is no other way to explain the unbelievably self destructive behavior of our current congress other than the fact that they are forever giving the Presidential office all of their power prior to being kicked out of office. The President is not worried about reelection because they are working right now to eliminate the power of the electoral college by having state laws changed to award all their delegates to the winner of the national popular election. It has already occurred in a half dozen states and Massachusetts is on its way to doing the same. Couple this with a mass influx to the tune of 25-50 million currently illegal aliens being granted citizenship prior to the 2012 election and Obama will be able to flood places like California and New Mexico with enough grateful voters to guarantee a national popular majority.
Where are the people who screamed daily about the Bush domestic spying program. That program was wrong but we were only talking about phone calls to outside the country for suspected terrorists. Now we are talking about jailing or killing suspected terrorists and these same people are silent. God help us all.