Benito Obama’s Fascist Transformation Of America

Obama has fundamentally transformed the country into a totalitarian nightmare that will make the European experience tame in comparison

Brilliant analysis, excellently stated and a crystal clear picture of where we have arrived.

The Fascist State of America

by Bob Livingston

There comes a time in the course of human events that it becomes necessary for one people to dissolve the political bands that have connected them with another. America is fast hurtling toward that time.

The United States was founded on the republican principles of federalism (states’ rights) and representative government. Today’s government is “constitutional” in name only.

The undocumented usurper currently despoiling the peoples’ house has for six years shown utter disdain for the founding document. In a town hall meeting on Wednesday last, Barack Obama bragged that he has expanded his authorities “under executive action and prosecutorial discretion.”

But Article II of the Constitution lays out the chief executive’s authorities quite explicitly. There is no room for “expanding” them within the scope of the Constitution. The President is neither tasked with nor authorized to write law or change it. That falls solely under the scope of Congress, as outlined in Article I, Section 1. The executive’s role under Article III, Section 4 is to “take Care that the Laws be faithfully executed.”

But Congress has ceded its authority as the lawmaking body to the imperial president and the myriad alphabet soup agencies of government. Now we have the IRS, the FCC, the EPA, HHS, the Department of Energy, the Department of Homeland Security, the FDA, the USDA, etc., writing and enforcing laws under the guise of “regulatory authority.” The result is a contemptible abuse of the people by agents of the federal government, rising taxes and fees, closed businesses, stifled innovation, and depressed economic growth.

When some in Congress do take the tepid step of attempting to regain some of its authority, the bureaucrats show their disdain and contempt of that “august body” by refusing to testify when called on or by refusing to provide requested documents outlining their regulatory agenda or demonstrating the depths of their criminality (see Tom Wheeler, Lois Lerner, Eric Holder, Hillary Clinton, etc.).

An activist judiciary is likewise writing law, overturning the will of the people as demonstrated by their votes on state issues and granting by fiat special rights and privileges to one group at the expense of the rights of the others. This is another place where Congress has ceded its authority.

Should it choose to, Congress has the power under Article III, Section 2 to regulate the federal judiciary, including the Supreme Court. In other words, Congress can pass a law prohibiting the federal courts from ruling on such issues as state-passed referenda on gay marriage, abortion, legalization of pot or anything it chooses.

Of course, few in Congress when considering doing a thing stop to consider whether they are authorized to do it. Fewer still in government consider the Constitution at all. That’s because politics and government attract psychopaths, liars and thieves. It attracts people who are parasitic in nature, greedy and without conscience. In short, these are people who have the born mentality to live off of other people.

They are selfish and attracted to money and power. Therefore, they are easily swayed and even bought by the corporatists and banksters; and their every act is to increase their and their agency’s power and sphere of influence.

The masses of people have been propagandized by the state-controlled media and the public (non)education system into believing that government is designed and tasked with looking out for the best interests of the people. But nothing could be further from the truth. They have little knowledge of the Constitution and little concept of limited government, and they believe government can and should be all things to all people… particularly if a check to them from the federal Treasury is involved.

The so-called regulatory agencies of government are typically staffed at the top by crony capitalists and lobbyists for the industries they supposedly regulate. As such, they write rules and regulations that benefit preferred large multinational corporations and government at the expense of the people. I have documented this so many times here that it is now self-evident to all but the most sycophantic worshipers of government. However, given its relevance considering the passage last Thursday of misnamed “net neutrality” regulations by the FCC, I give you for evidence the agency’s chairman, Tom Wheeler, former president of the National Cable and Telecommunications Association and CEO of the Cellular Telecommunications & Internet Association, which are lobbying organizations for the cable and telecommunications industries. He was also an executive for a venture capital firm that invested in technology firms.

As Benito Mussolini stated, “Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power” and “The definition of fascism is the marriage of corporation and state.” That exactly explains what our former constitutional republic has become. It is benevolent totalitarianism, tyranny under the guise of democracy. But the truth is democracy = socialism = fascism = communism. They are one in the same.

Mussolini also said of his fascism, “We have buried the putrid corpse of liberty,” and that is likewise the goal of the American fascist politician and federal bureaucrat. Liberty necessarily perishes under collectivism, egalitarianism and government altruism.

Now we have in America laws that allow for the indefinite imprisonment without trial of those the state deems “terrorists,” without that term being defined. We have an American president who has assumed the authority to kill Americans with drones without due process. We have federal authorities and state and local police abusing citizens with impunity, shooting unarmed and complying citizens down like rabid dogs. And we even have evidence of local police using CIA- or Gestapo-like “black sites” to hold and interrogate Americans without charges or due process.

America is a prison nation, with more citizens incarcerated than the most vile and oppressive government you might care to name.

It bears little resemblance to the free and prosperous nation envisioned as the 18th century turned into the 19th, or even as the 19thturned into the 20th.

In his book, “The Political Crisis of the 1850s,” Michael Holt describes how Americans, particularly Southern Americans, had lost all confidence in the current political system because the existing parties did not represent the people but instead represented the agricultural aristocracy and big business and the banksters. There was also an influx of aliens (mostly Irish Catholics and Germans) who Americans believed did not understand or appreciate America’s “values.” The political parties agitated the people over these immigrants, creating a constant state of strife in addition to the already existing acrimony over the slavery issue, the addition of states to the union and tariffs.

America’s current political system is very similar. Regardless of which “party” holds power, government grows more oppressive and steals more wealth from its people. It creates one crisis after the other, keeping the people agitated against each other so they cannot focus on the real culprit behind their lost liberties: fascist government.

Elite politicians and most white progressives hold most Americans in great disdain. To them, conservatives are racist hicks and trailer trash clinging to their guns and religion — backward and ignorant and “anti” progressive. Or, in their minds, regressive. To the elite politicians and most white progressives, blacks are incapable of providing for themselves or are simply another minority group ripe for continued exploitation. It is slavery under another name.

Elite politicians and most white progressives would like nothing more than to see those in “flyover country” left to their own devices. Yet talk of separation is deemed seditious, unpatriotic or unAmerican; and those who mention secession are considered more dangerous than ISIS, or IS or ISIL by the current regime. Just belonging to a group discussing secession now gets you raided by the FBI and fingerprinted and your personal communication devices confiscated.

This is freedom in America.

The Constitution was ratified to create a government “in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity.” Can anyone honestly say American government does these things today?

American Fascism Is Here

GM, Student Loans, EPA dictates, ObamaCare and now “Income Inequality” – Obama has fundamentally transformed America into a Marxist/Fascist State.

“Of all tyrannies a tyranny sincerely exercised for the good
of its victim may be the most oppressive. It may be better to live
under robber barons than under omnipotent moral busybodies.
The robber baron’s cruelty may sometimes sleep, his cupidity may
at some point be satiated, but those who torment us for our own good
will torment us without end for they do so with the approval
of their own conscience.” – C.S. Lewis

The evidence is right in front of you.  The marriage of large corporations and government cronyism in exchange for government protection from government regulation is standard practice in the age of Obama.  ObamaCare will probably be the first real pain you feel under this totalitarian system forced upon us by evil men acting under the color of law with a compliant media and legislature in cooperation with big business to control every aspect of your life.  And like all things run by government – it fails miserably in contrast to real market principles.  Unless the designs themselves are to create misery so as to further government power later.

ObamaCare was designed to do only one thing: collapse the existing health insurance market and force everyone to clamor for government-run healthcare.  The fact the website still doesn’t work is irrelevant.  It was never intended to work.  The fact Obama has not met with HHS Frau Direktor Sebelius once in over 3 years is irrelevant. The “law” forcing the collapse of private health insurance is what is the most important aspect of the “law”.

With that, it has succeeded beyond even what the Communist Party USA thought possible, and so the push to demand government take over the entire healthcare industry are being made.

From one manufactured crisis to yet another ’cause’ the media will parrot – while it ‘appears’ Obama has a black eye from the ObamaCare web woes, His Heinous jumped right into raw Marxism, furthering Class Warfare with a speech declaring “income inequality” as being the ‘defining challenge of our time’.

What we have now, is a Marxist imposing Fascism, which if we will be honest about what it is that Obama has transformed us into – is a MarxoFascist state.

America’s Fascist Movement

In an age prone to political overstatement, words have a tendency to lose their currency. How many times in the 21st century have we heard words like “tyranny” or “totalitarian” thrown around in reference to the essentially stable world of American politics?

When the rhetoric clearly outpaces the reality, such pronouncements become meaningless – and we begin to assume that anyone who talks in such foreboding terms is at least slightly unhinged.

The danger, however, is that dismissing the Chicken Littles will lead us to reflexively ignore even legitimate concerns if they’re sufficiently dire – and that’s a problem because some of our national challenges really are that dramatic.

Case in point: the rising tide of fascism in American life.

To properly understand the threat, we must first strip the word of its non-essential connotations. One of the reasons that “fascism” has become such a toxic term is because of its deep-rooted association with Nazi Germany.

While Adolf Hitler’s reign certainly rested on a fascist substrate, that doesn’t mean that there’s anything going on in modern America that even remotely resembles the undiluted evil of the Third Reich. Nor is it necessarily of a piece with Benito Mussolini’s Italy. Those were aggressive, expansionist, malevolent forms of fascism. If anything, ours is a bland, therapeutic iteration.

So what then do we mean by fascism?

In essence, the fascist system is one that rejects any limiting principle upon government. In Mussolini’s famous formulation it stands for “Everything within the state, nothing outside the state, nothing against the state.” That notion, of course, is irreconcilable with the conception of America advanced by the Founding Fathers. Theirs was a government of limited powers, with decision-making decentralized through federalism and the protection of individual liberties.

The fascist notion essentially assumes the infallibility of the state. The American alternative – recognizing that “the state” is nothing more than the flawed human beings who administer it – not only assumes fallibility, but also designs the entire system of government to quarantine its effects.

The more time goes by, however, the more those ramparts are breached. Beginning with the Progressive movement of the early 20th century, there was a concerted effort to erode limits on government power. It continued through the New Deal and the Great Society, and manifests itself in the present day in the government expansion overseen by President Obama and his liberal acolytes around the country.

We should note here a key distinction: Not all expansions of government are necessarily indicative of fascism. The hallmark of fascism is destroying the space that exists between the individual and the state; it’s a desire to crush civil society, the mechanism that allows free people to voluntarily organize on their own terms for their own purposes.

Particularly in America, such efforts usually don’t stem from people explicitly lusting for power. Rather, it’s often the work of do-gooders whose desire to create a better society inevitably leads them to strip away the freedoms of those who don’t share their vision.

Take, for instance, the increasing attacks on the right to free association. The New Mexico Supreme Court recently found that an Albuquerque couple that refused to photograph a lesbian commitment ceremony on the basis of their Christian beliefs had violated the state’s human rights law. An analogy can be made with ObamaCare’s insistence that religious employers provide access to contraception for their employees.

In both cases, one could disagree with the underlying views without accepting the notion that individuals should be compelled, by force of the law, to violate their deepest religious beliefs to satisfy government’s notion of “The Good.”

The freedom of religion is an essentially meaningless concept if that freedom is only operative in situations where it aligns with the values of the governing class.

One sees this impulse for the state to order private relations at every turn. What is ObamaCare if not an attempt to get doctors and patients – which is to say everyone in the country – to conduct one of life’s most private activities, medical treatment, along the lines of government dictates? What is Common Core, the proposal to create national educational standards, if not an attempt to snuff out competing views on what children need to learn to become fully intellectually formed?

The reach of government even goes so far as dictating the offerings and calorie content of school lunches under First Lady Michelle Obama’s Healthy, Hunger-Free Kids Act (which is currently touching off a rebellion in schools throughout the nation).

That may seem a trifling example if you’re thinking of fascism in terms of brownshirts. For our purposes, however, its marginal importance is precisely the point.

Civil society can’t meaningfully exist with a state so expansive that it sees plucking the cheeseburger out of your child’s hands as a legitimate application of government power.

The Founding Fathers gave us a limited government of enumerated powers, constructed around the notion of protecting individual liberty. What we are currently cultivating, however, is a government that presumes to overrule the church on matters of faith, to overrule your doctor on matters of health, and to overrule parents on matters of childrearing. “Everything within the state, nothing outside the state, nothing against the state.”

Obama Demonizes Opposition, Blames Them For What He Set In Motion

A horror of pain and conflict is deliberately being set in motion, and Obama is stoking his mobs to blame Conservatives/Wealthy and White as the cause.

Socialist megalomaniacal despots historically blame targeted groups of people they want exterminated with the misery and angst a people suffer at the very hands of those ruling them.  Obama is  no different in this regard.  His tirade in front of the press yesterday after his intimate golf vacation with Tiger Woods and Reggie Love, was chock full of a madman throwing a tirade who is ingeniously setting up his political enemies to be blamed for the woe and suffering he, himself is initiating.

Like Castro or Chavez, His Heinous takes the podium full of anger and ginned up rage against the Republicans with a prop of cops and emergency personnel as a backdrop and rants against a sequester HE HIMSELF CREATED.  He goes on a tear for over ten minutes and makes outrageous fear-mongering statements and walks off the podium abruptly without so much as allowing the press to ask a single question about his assertions.  Not that they would of course – you can hear them clapping like trained seals at the end of his Mussolini-esque moment.  Diktator Obama, His Heinous in full rulership mode.

With all the poking, prodding and incitement of Americans by this regime upon gun owners to business owners – the open talk is that a conflagration is coming, and soon.  The American Thinker posts an essay wondering aloud whether the forces Obama has unleashed with his actions, he will be able to handle.

I disagree with the premise of Mr. Snyder’s statement that Obama cannot handle what he is setting in motion.

On the contrary.  Marxist revolutionaries destroy existing civilizations and build their totalitarian utopias on the ash heaps of their carcasses and over the bodies of their own people whom are ideological enemies that they exterminate.

I do not eqate blunders or missteps with this regime in power, rather they are the fruits of an agenda-pushing narcissist with visions of genocide and ruin dancing in his head.  Community Organizers (agitators as we knew them in Chicago) often would stoke the mob into action that went beyond their control.  They are masters of setting off explosive conflagrations that get out of control – so that in the fury and firestorm that ensues – reasonable people will settle for terms for a promise from those who set the fire to end the upheaval and bring things back to normal.  It is a  tactic to engender unconditional surrender and capitulation.

The perfect storm that is brewing is being fueled with malice and deliberation.  The desire is for it to consume all and everything – because Obama’s goals are to bring the nation to complete ash and destruction.  I doubt there are any plans he has past that goal, except a possibility of creating a Marxist utopia over the grave of what was once the greatest nation on earth.

President Obama has set in motion forces that he can’t handle

Barack Obama is a terrible president. That’s obvious to everyone who isn’t chronically ignorant or incurably liberal.  By “liberal” I don’t mean the classic definition of the word which has to do with being open-minded and objective. I mean the modern version of liberal: self-centered, emotional, illogical, and void of reason. Unfortunately, in 2012 ignoramuses and liberals represented the majority of those who voted. I’m not worried about offending them with my harsh words. My very existence offends them, and so does yours if you don’t buy into their worldview.

From economic policy to energy policy to environmental policy to foreign affairs to national security to border security to you name it, the president failed the test, but we re-elected him anyway. Obama’s misadventures in the Oval Office are becoming the stuff of legend. Benghazi and Fast and Furious are two of his more high profile blunders, but they aren’t the only ones. If George W. Bush had committed just one of those offenses, the mainstream media would have demanded his head on a platter, but they gave Obama a free pass. The nation as a whole became complicit in the president’s shenanigans because we didn’t demand that he be held accountable.

President Obama has done one thing superbly well: he has demonstrated skill par excellence on a national scale as a community organizer. He is second to none when it comes to inciting, agitating, race baiting, stoking fears, and motivating the masses. If you discount voter fraud, more than anything else, those skills got him re-elected. But like a snowball gathering momentum as it rolls down a hill, the forces that he has unleashed will be impossible to stop without pain and suffering.

For example, Occupy Wall Street’s demands for social justice dovetailed perfectly with the president’s fairness campaign. Was that coincidence or was it by design?  The answer should be obvious, but whatever the case may be, the OWS crowd eventually ran amuck in cities across the fruited plain until government officials finally took action to shut them down.

That’s the way it is with unruly mobs. Once agitators get them started, you never know what will happen. But we do know this: President Obama is their champion, and they are still among us waiting in the wings for another opportunity to vent their frustrations. Will the next version of OWS be more malevolent than the first? Only time will tell, but I wouldn’t rule it out.

OWS types aren’t alone. In the United States today, large and growing numbers of people believe that their mere existence is their contribution to society. They think that those of us who have worked hard all of our lives owe them a living, and not just a living, but a very good living.  The takers among us are easy pickings for a man with exceptional community organizing skills, and as I said, the forces that the president has unleashed will prove to be impossible to control.  If they explode, there will be hell to pay.

Common sense is totally absent in their world. For instance, who would dare to suggest that the 1% who paid almost 40% of federal income taxes in 2010 should pay more because it’s “fair” even though about 50% of our fellow citizens paid no federal income tax?  The answer: Barack Obama and his merry band of malcontents. If George Orwell were alive today, he would be scratching his head and thinking about a mind-bending plot for another novel.

Takers have no misgivings about attaching themselves permanently to the government tit, and they feel no guilt or shame as they scream for more. Obama knows them and their predilections all too well, and he takes advantage of every opportunity to stoke the fires that burn within them.  The president’s mother and his grandparents should have taught him the basics — things like if you play with matches, you will get burned — because the fire that he’s igniting can easily turn into an inferno.  If it does, all of us will pay a very high price.

In due course, simple mathematics will dictate that we can’t afford to keep able bodied men and women on the dole. Our current debt and deficit situation is so dire that something has got to give.  Judging by a recent Gallup poll, most Americans agree with me, but metaphorically speaking, it may take a swift kick in a sensitive area to wake up our elected officials in Washington. Be that as it may, the day is rapidly approaching when no one can ignore our fiscal quagmire because the combination of Medicare, Social Security, and defense spending plus interest on the debt and paying freeloaders threatens to sink this nation.

Reneging on our national debt is out of the question since global pandemonium would ensue.  Obamacare may help to reduce healthcare costs, but when evidence mounts that those “death panels” that we have heard so much about are real and that we are saving money by medicating patients and allowing them to pass away peacefully rather than treating their maladies, people will be hopping mad. Many of them will take to the streets to vent their anger.  If you think that it can’t happen here, you haven’t been paying attention.

Social Security is a special breed of cat because it involves seniors, a powerful voting block, and it is regarded as a national promise that we must not break. Besides, people actually paid in to Social Security as did their employers so it’s an annuity — and not a very good one at that.  Any politician who thinks that he can safely tamper with Social Security isn’t playing with a full deck of cards. Even so, we can’t solve our debt and deficit problems unless we make adjustments in Social Security and Medicare. It’s the quintessential Catch 22.

Similarly, we need to cut defense spending without jeopardizing our national security, but defense reductions translate into job cuts and that creates another set of problems. No matter what we do, people will not be happy with the outcome, and many of them will vent their frustration in the voting booth and possibly on the streets.

This is the point: a perfect storm is brewing. I think we’re heading for a chaotic and violent period in this country the likes of which no one alive today has ever witnessed.  If I’m right, conditions will be ideal for criminals to ply their craft, and President Obama is pushing for gun control at precisely the wrong moment.

I believe that what I have described is realistic and unfortunately inevitable, and that brings me back to my back to the president.  He has set in motion forces that he can’t handle, and all of us are going to suffer the consequences so get ready for a wild ride.

Obama: All Your Business Are Belong To Us

“If you’ve got a business — you didn’t build that.  Somebody else made that happen.” – Barack Obama, July 13th, 2012.

America doesn’t seem to comprehend what has happened to it, and sadly – what was lost can never be regained according to our second President John Adams, who understood the fragile nature of liberty.

At one time in our nation, not that long ago – the Leftists had to hide what they really were all about.  American politicians espousing the doctrines of Karl Marx or anything sounding like Soviet Socialism would have been run out of office on a rail had they been honest about what they believed they should empower government to do.  So they hid behind their agenda with clever and ‘progressive’ sounding rhetoric that played to human nature’s worst vices of jealousy and greed.  Even so, America rejected Socialism and Communism as corrosive agents to liberty, and were even willing to go to war against that ideology because indeed they were and are dangerous to liberty.

But today, time and indoctrination by public schools and the media, have conditioned several generations of Americans to be ambivalent about Socialism and Communism.  A generation of Americans raised in a culture of instant gratification, self-esteem, educational ignorance and devoid of morals and religion became fertile ground for Communism to rise from our own soil.  Indeed the underlying current taught and now accepted is that Capitalism is the worst scourge on earth, promoting a self loathing of ourselves on a perverted sense of morality.   So we now have a President of the country that espouses not only blatant Marxism, but is preaching pure unadulterated Mussolini-inspired Fascism. The mask and gloves are off, and this only happens when confidence exists that their agenda has succeeded.  More of that mask dropped with remarks Obama made Friday at a fire station in Roanoke Virginia.

The speech, designed to foster the class war and envy , is what every Marxist uses to achieve total power.  The speech makes the crux of the point that Obama and his MarxoFasicsts in office have been preaching for some time: that nothing you possess; not your wealth, not your health or your property – belongs to you.  Their gospel is that you should spread what you own around (recall Joe The Plumber?) because they preach that what you worked for and earned was not by your own efforts – but by everyone else’s efforts.   Vis-a-vis: everything belongs to the State.  They are preaching that nothing you have is the result of your own efforts, but rather what you have is the result of everyone’s ‘collective’ efforts.  As such, they promote the lie that everyone is entitled to a share of what you have, and the government’s job is to make sure everyone gets a piece of it.  This is what ‘spreading the wealth around’ and ‘shared sacrifice’ actually means.   Some of us  understand and recognize this as Communism, but almost half the population now, calls Communism ‘fairness’, and everyone must pay their ‘fair share’.

Unless of course you are in the Ruling Class.  The Ruling Class are exempt from having to share.  Such rules are only for the hoi polloi, the little people, the actual entrepreneur and business owner who takes a risk.

The preaching of the virtues of Marx goes on, cloaked in the rhetoric of Human envy and jealousy, something  Marxists prey on to get their agenda and ideology accepted by the masses.  But the reality is that the government is really The Mob, a Crime Syndicate that takes their cut first – and then extorts the rest of what you have as ‘protection money’ from themselves.

Obama is simply stating what his comrade MarxoFascists like Elizabeth Warren have been saying openly as of late:

“I hear all this, you know, ‘Well, this is class warfare, this is whatever. No. There is nobody in this country who got rich on his own — nobody.

“You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did….part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.” – Elizabeth Warren

This is pure Marxist Fascism being preached as a virtue.  Government control of business to employ the Marx ideology of ‘FROM EACH according to his ability TO EACH according to his need’.  For the MarxoFascists like Obama and Warren and the entire Democrat party, Statist Government central planning is the answer towards implementing that policy by force.  Obama is now sermonizing the virtues of this ideology, and he would not be doing so in major campaign speeches unless the MarxoFascists assume that they now have total control to reveal what they really are all about.

What did we think Obama really meant when he said he was just days away from ‘fundamentally transforming The United States of America”?

The Statists now preach openly that what you have is due to everyone else’s labor, money and effort.  Not your own.   The sum of this preaching is to fool the people to accept the narrative that everyone is required to “share ” what they have, especially if you have more than others. If you have more than others,  the State is justified in having it confiscated from you by redistribution, taxation and regulation for the purpose of making you recognize your place is to support the state – not yourself.

This is what Obama and the MarxoFascist Left mean when they use the words: ‘collective salvation”; “shared sacrifice” and so on.  It’s a narrative that empowers a permanent slave class that is dependent on the State taking from what is left of the Producers in the country – to redistribute to Obama’s army of welfare constituents and illegal Mexicans.  This is about destroying the free market and burying Capitalism under their boots.

Obama is espousing the doctrine of Marx that entrepreneurs don’t build businesses, the government does.  That is why multiple billions of our tax dollars were given to now-defunct green energy money laundering companies like Solyndra, who have gone bankrupt and made off with all your money.  Ultimately, entrepreneurs are irrelevant in Obama’s Amerika, the Government is god and will build business and regulate business.  This is Fascism – in it’s purest definition authored by Benito Mussolini.

The State will decide who lives, who dies, who gets to eat and who does not.  Who gets to make money and who does not.  Who gets a job and who does not.  Who gets government welfare and who does not.  Anyone who is not a ‘true believer’ in the MarxoFascist ideology and whom does not act within it’s dictates – gets nothing, and even what they have will be taken from them.  Very akin to a mark of this beast.

America’s Road To Fascism

Mr. John Wallace posted this as a reply to the entry on Obama’s Fascist Takeover and I decided it needed it’s own entry.

To answer his question – the answer is already YES.  We are there, and now it just expands and tightens it’s control over us.

But read his entry to understand how we got here and what history teaches us what will happen next.

 

 

IS AMERICA ON THE ROAD TO FASCISM?

By John Wallace

Mr. G. Richard Wagoner, the chairman and chief executive officer of General Motors, was recently forced to resign his position because of pressure from the Obama administration. He was told that if he didn’t leave, the Obama administration would not give General Motors any more federal bailout money. President Obama also told General Motors and the Chrysler Corporation that if they wanted more federal bailout money, they would have to shrink and refocus their businesses according to his (the federal government’s) wishes.

In our country’s history, there have been some limited instances of the federal government exercising some sort of control over private industry, but that was during wartime. The current assault on American capitalism by the Obama administration is unprecedented in both its scope and speed and should raise the red flag of alarm for all freedom-loving Americans.

World history has shown us that the implementation of strict government controls over private industries has been one of the first steps in the introduction of various forms of Fascism to formerly free countries. The practice of a government taking control of private industries was refined by Benito Mussolini in Italy in the 1920’s and it is called ‘corporatism.’

According to Wikipedia, political scientists use the term ‘corporatism’ to describe “a practice whereby a state, through the process of licensing and regulating officially-incorporated social, religious, economic, or popular organizations, effectively co-opts their leadership or circumscribes their ability to challenge state authority by establishing the state as the source of their legitimacy, as well as sometimes running them, either directly or indirectly.” Mussolini described it more simply when he said, “Fascism should more appropriately be called corporatism because it is a merger of state and corporate power.”

Some corporatist-style regimes of the 20th century included those of Benito Mussolini of Italy (1922-1945), Adolph Hitler of Germany (1933 to 1945); Francisco Franco of Spain (1936 to 1973); Juan Peron of Argentina (1943 to 1955) and even our own President Franklin Roosevelt (1933 to 1945) during the ‘New Deal.’ The Mussolini, Hitler, Franco and Peron regimes were brutal, totalitarian, Fascist dictatorships, but not all the regimes that had a corporatist foundation were fascist. The Roosevelt administration, despite its many faults, could not be described as fascist, but the ‘New Deal’ program was definitely corporatist.

Corporatism boils down to this: The government tells industry (and eventually labor unions) what to do and that they must do it for the supposed good of the country, or else their individual leaders will pay a price. Does this sound similar to what is happening to the auto industry today?

Where in the U.S. Constitution does it authorize the President of the United States to fire the head of a major private corporation just because he disagrees with his management policies? Where in the U.S. Constitution does it authorize the President of the United States to decide what kind of cars a private company will build? or what kind of car I will drive? President Barack ‘Mussolini’ Obama is taking this country down a very dangerous road and a road that America has never taken before.

Confucius said “A journey of a thousand miles begins with a single step.” Are the ‘corporatist’ policies of President Obama and his administration just the first steps of many in a move towards a government takeover of our major industries? Are these policies much different than those that Mussolini and Hitler initiated in the early stages of their rise to power?

With the Politburo in our expanding federal government now having the power to hire and fire the leaders of major private corporations and to tell the auto makers what cars they can produce, will they soon be telling Americans what kind of cars they can drive; how much money they can earn; where they can go to school, what sodas they can drink, what foods they can’t eat, where they can travel, what national ID card they must carry at all times and it will impose any number of other restrictions on them. Look at California, where the state legislature is currently considering banning black cars by 2012, for some bogus global warming reason.

Thomas Jefferson said: “A government big enough to give you everything you want, is big enough to take away everything you have.” Americans must remember that we cannot fully enjoy our freedoms and liberties in America unless we keep our government limited. As our government grows and becomes more intrusive, as it is today, it is our freedoms and liberties that are becoming limited.

Welcome to the United Socialist States of America!

If we continue on President Obama’s road to CHANGE (socialism), the American people will no longer be free. The question is: “Will we learn to accept our captivity at the hands of our new masters or will we be willing to do something about it?”

 

 

http://www.freedommovementusa.com/

Fascism Has Come: Obama Orders GM CEO To Resign

 

By INVAR

The Tyrant-In-Chief, his holiness Barrack The Hussein, is so full tilt into fascist tyranny, that it absolutely boggles the mind.

Today, The Politco reports that The Obama administration demanded Rick Wagoner, the chairman and CEO of General Motors, step down, and AP reported his departure early in the afternoon without giving any reason for the sudden resignation.

Dear Leader plans to give a Press briefing tomorrow outlining HIS PLANS for the government to run the auto industry after stating on Face The Nation: 

“We think we can have a successful U.S. auto industry. But it’s got to be one that’s realistically designed to weather this storm,” Obama said.

“That’s going to mean a set of sacrifices from all parties involved,” he said. “Everybody’s going to have to come to the table and say it’s important for us to take serious restructuring steps now in order to preserve a brighter future down the road.”

More sacrifices.  More government – controlled and operated industry.  This news comes just a few days after Timothy Geitner announced his calls for more powers in order to seize any business they deem is ‘in trouble”.

Fascism has come ladies and gentlemen, with thunderous applause and hopeful idiots handing liberty to tyrants on a silver platter of ‘too big to fail’.

Obama and his minions at ACORN who are busy stoking up rage against the wealthy and their families with threats of violence coupled with  Obama’s soon-coming civilian army, will evidently have the power to seize and control any business they choose.

It is now a precedent America, that a sitting president – now has the power to fire anyone he chooses, private business or no, and take over any business he wants.

Capitalism and free markets have  just been abolished.

Does anyone even care anymore, or has America gone so off the reservation into Marxism that liberty and freedom no longer matter, only the holiness and supremacy of the State matters?

King George III could not hold a CANDLE to the tyranny we willingly submit to today.

The UAW Stalinists aren’t going to be smiling when their Fuhrer will fire them on a whim because the latest  10lb “green car” doesn’t sell and they need Obama to force us to buy them at gunpoint.

All Hail Obama’s Squadrists!

 

Here Come the Squadrists

By John Galt

January 19, 2009

Salve, o poplod’Eori,
Salve, o Patria Immorale!
Son rinati I figli tuoi
Con la fe’ dell’ideale.
Il valor de’tuoi guerrieri,
La virtu dei pionieri,
la vision de l’Alighieri,
oggi brilla in tt’i cuor

Dell’Italia nei confini,
son rifatti gli Italiani,
li ha rifatti Mussolini
per la guerra di domani
per la gioia del lavoro
per la pce e per l’alloro,
per la gogna di coloro
che la Patria rinnegar

I poeti e gli artigiani,
i signori e i containi
con orgoglio d’Italiani
giuran fede a Mussolini
non v’e povero quartiere
che non manda le sue schiere
che non spieghi la bandiere
del fascismo redentor.

Chorus:

Giovvinezza, viovinezza
primavera di bellezza!
Della vita Nell’saprezza
il tuo canto squilla e va!

‘Giovienezza’ – The anthem of Mussolini’s Fascist Party (translation at the end of this article).

The thunderous ovation which we shall be exposed to over the next twenty-four hours will only be diminished by the cloud of dust raised by the modern day version of the ‘squadrists’ and their ability to distort truth or force you to accept from the particular point of view of the ruling party. The mainstream media is pleading for everyone to please work together in a new era of cooperation where the smiles of the Republican hypocrites shaking hands with the same people who called them “baby killers” not too many years ago indicates that the nation has come full circle and the air of crisis shall supersede principled reason and logic; which of course means bypassing that damned piece of paper that our Founding Fathers fought so hard to create.

The opinion piece you about to read is not a particularly joyous one to pen tonight. In fact much of it was concocted over the last two weeks in bits and pieces as I listened to and witnessed the desire of our nation to find some sort of universal saviour for the errors of the citizens, neglecting their duties to be self-sufficient for their lives and instead leaving the responsibility for their lives in the hands of the elected help who had an alternative motive, the same that all elected bodies eventually have deteriorated to for the past two thousand plus years of civilization. The debate of when, where and how the average American surrendered control is an issue up for debate for a new generation of historians that may yet to have even been born. The ideals of freedom and debate though, will soon be extinguished like a wooden match struck in a hurricane. This entry is an attempt to provide a perspective I have not heard nor witnessed in the discussion of the upcoming Obamanation.

The “Hope” Squadrism Religion

The definition of the word “hope” is subjective when used in the English language properly and perverted into a political philosophy when used to provide a perceived benefit to the masses to advance the cause of the ruling party. What you have witnessed with the song ‘Giovienezza’ and its historical importance was the desire to change a political philosophy into a political religious movement, thus obscuring the desired political activities by blinding the masses with a false religion. If you watch this video about “Yes We Can” and how that anthem has been changed in the same manner, you realize that we not only on the same path. The children have no clue what they are being used for. But th programming of a generation to achieve change without a defined goal in a fervor of religious blindness is what created the nightmares of the 1920’s and 1930’s and will repeat itself once again; this time though in our nation.

By using the English language as a scalpel instead of a blunt instrument the intent of words and their meanings help create a philosophy where none exists to mask actual beliefs of the new ruling party. This is what the Democrats and Obama have learned in the past twenty years from their hiatus in power. Instead of insisting that Republicans or Conservatives favor “murdering children” by blocking absurd food subsidy and government sponsored health care, they will use the religion of “hope” to point out that anyone opposed to their agenda is blocking America’s new future, thus depriving the elderly, the children, the handicapped and the sick of much needed care which could giver them the hope they need to survive and change their lives for this brave new world.

This religious fervor will expand beyond the political rhetoric and be merged into the Christian churches of this nation willing to adopt a philosophy the creates a national ideal of socialist piety despite the Amendments and rulings of the courts in the past. This fervor will mask the philosophical ideals of Marx under the guise of Jesus, allowing the wolf into the temple to create a fog of war between various religious sects, which could take decades to reverse. Legitimate philosophical debate will become a stifled art as the squadrists will shout down and forcefully eliminate opposition to their ideals, as nebulous as they might be. If you do not believe that this is possible, the model has been tested, used and implemented with great success over the last century in Italy, Germany, Chile, Argentina, Soviet Russia, Communist China (heck the entire Communist Bloc for that matter) and inside many other authoritarian and semi-democratic regimes. This might sound like a drastic declaration for an administration that has not even been sworn in at this time, but trust me, as the economy deteriorates the religious fervor will grow.

The Media Squadrists 

Does this really need any explanation? 

On MSDNC (formerly ‘MSNBC’ but why not call it what it is?), the entire staff has fawned like love sick schoolgirls at a Beatles concert in the early 1960’s. The network news has declined to a point where Goebbels would have been proud to have power like this under his thumb and the Republican enabled NPR sounds like a twenty-four seven version of the old Radio Moscow World Service singing the praises of their elderly communist chairmen. I did not make a mistake by the way my fellow readers; the Republicans had the past eight years to put a stake in the heart of public broadcasting yet failed to do so due to political cowardice. The evolution of the Algore internet has allowed free speech to find alternative broadcast mediums, along with the expansion and success of A.M. talk radio. 

Those days are numbered and the methodology used to kill free speech will be in defense of free speech itself.

The alternative media, of which yours truly as a blogger and part time broadcaster is proudly a part of, has a weakness and that is the inability to accept the religion of hope and the correct way to address the changes that are forthcoming. By reporting facts and reality you now become an obstacle to the greater good and the freedom of the masses to succeed with government help, thus creating a material threat to the very existence of this nation in the eyes of the new political order. The new media squadrists will concoct stories, create libelous exaggerations, and using the power of the government gun eventually collapse the alternative media to a point of irrelevancy in the debate on our future. That is how a successful socialist revolution is executed and that is the path we are on. 

So to my fellow bloggers, internet and shortwave broadcasters, talk radio mavens and mega-stars, I offer this advice:

Watch your six.

The Economic Squadrist Movement

I can just hear the squeals now: “Gee Galt, you’ve lost your ever loving freaking mind. You’re just one of those radical right wing nutcases that thinks everyone is out to get you and will say anything to obscure the truth from being spoken.” Why do I anticipate this hew and cry from the detractors? That answer is simple. 

The headline screamed out:

Butffett says the U.S. is in the Midst of an “Economic Pearl Harbor”

The key phrase from the article is this statement from Mr. Buffett:

“Barack Obama is “the absolute right commander in chief” to guide the country through the financial crisis.”

Sound familiar? It should if you watch financial media or mainstream media programming at any point during the past year or so. His minions have been out there proclaiming this party line for well over a year with the help of some very powerful U.S. CEO’s. Wall Street hedged their bets by donating heavily to the Obama campaign and Democratic candidates in the hopes of creating a huge shared oligopoly where government mandated industry by industry consolidations financed on the backs of the taxpayer will protect weakened financial companies and specific sectors that are deemed “in the national interest” to prevent an outright collapse, whether real or not. This power grab is astonishing not because of the blatancy, but the absolute drubbing that opponents to the ideas of shared risk and government ownership are taking from the economic powerful in this country.

By creating a series of oligopolies with government having a seat at the board, it insures that the party in power will always have some degree of control for political payback to the workers, or employees who vote for them and in that same breath the corporation is guaranteed a safety net no matter how mediocre or pathetic the products or services offered may be. This game will work infinitely as long as man other nations in the world continue to accept the U.S. Dollar as the world’s reserve currency but the Federal Reserve is preparing the American people and those parties who will not play along a rude awakening. The most powerful squadrist entity, the Federal Reserve, is making its play to become the fourth branch of government and in the new administration it has a willing ally to succeed. This means that those people and entities will no longer just have a fight on Main Street for competitive viability or pure capitalism; it means to succeed they will have to join the party and contribute heartily or be ‘absorbed’ to prevent a national disaster as the squadrist religious and media factions would call it. The economic future America faces is bleak and saddening for the inability to engage in normal business transactions based on a level playing field is being whittled away first by the Bush administration and now by the squadrists who have a new plan, one which promotes stability but no competition or equality.

The Constitutional Squadrists

The Founding Fathers, as wise as they were, could never have foreseen Ipods, personal computers, the internet and cell phones. So based on their inability to accommodate the Constitution for modern evolution the courts used societal input when modifying the original intent and creating a ‘living’ document for the times we live in.

It’s total horse crap but you know that is what the socialist left believes and in fact they are teaching younger generations at this time. Why then should we fear the Constitutional squadrists? They will be using their legalistic authority to crush all opposition to their initiatives. Gun Control? If you oppose it, you are against the intent of the Founding Fathers and the belief that Americans should own no more than a hunting rifle and that amendment was for militia only. Habeas Corpus? That ideal shall be for those only engaged in physical crimes or crimes of necessity to feed their families, not those crimes against the state or the Republic. The interpretation of the law is just as important as the judges selected but when you create an intricate web of Executive Orders and massive new legislative initiatives the ability of the courts to create findings that defend the original Constitutional intent will be diminished as the courts may not address the cases for years if not decades. 

Thus to protect our freedoms those freedoms must be redefined and as the living document gets older and older the “changing world” will require a massive revision to the Constitution and the last two states will vote for a new convention as the economic situation worsens. The Pandora’s Box will thus be opened and the new vision the new elite have for America can finally be implemented. If you oppose it, their legal squadrists and their fleet of subpoenas and lawsuits will be paying you a visit.

The “National Service” Squadrists

During my annual prediction show on the radio, I postulated the idea that due to sagging unemployment numbers and an over-extended military repetatedly deployed overseas, that the new administration would propose the creation of a new division for NORTHCOM to serve only inside of the United States or North America with the same benefits and no overseas deployments to the Middle East, South Korea, etc. The idea seemed absurd when I first thought about it, then the Army Times reports came out about moving brigades from Iraq to the U.S. for “domestic” service as needed. Now this idea of an expanded military, something the Republicans would endorse, being created and enlarged for domestic “national service” seems more like an eventuality rather than a talk radio fantasy. 

The “National Service” rhetoric has been ratatched up in recent days and with tomorrow’s inauguration calls for an “Era of Responsibility” and the proclamation Obama made today that “”Everybody’s got to be involved. Everybody’s going to have to pitch in, and I think the American people are ready for that,” you can see that we are no longer in for the standard Peace Corps type of volunteerism. This has all of the earmarks of the “you will volunteer or we’ll send people to volunteer you” type of bullying that the new party in power has used their leftist thugs to menace the unbelievers with. You might think that your children may be going to the zoo to learn or picking up trash as a public service; in many cases they might. But if they are all taught to march in uniforms in a straight line and sing “Yes We Can” over and over again, how much of a reach is it for them to begin reporting on your having a beer or cigarette, both legal substances, to the authorities to get you forced into a “health re-education” program or worse accused of child abuse. 

Squadrists can come in any size. In the United Kingdom there are already programs underway for children to turn their parents in for “not acting green or in the best interests of Mother Earth” as the envirocommies movement has gone off the deep end. What is to prevent such programs from coming to our shores as the opposition to Kyoto style accords is swamped by the new National Service to the Earth and Environment fervor sweeps the nation at every age level. See how this can deteriorate quickly as out national leadership determines what causes ‘volunteers’ are needed for and the political actions desired by those in power? The idea of national service is normally a laudable course of action for the citizens of a nation, but not when it is mandatory and not when it is used for political purposes. Be prepared for little kids marching up your lawn with grinning parents looking on to advance the cause of their superiors.

Why the Term Squadrist? 

Now that I have beaten that term into your head, a brief education on its origin and the relevance to the new political leadership assuming power in just about thirteen hours from now. In the book Mussolini’s Italy the author so eloquently pointed out how Mussolini rejected his Socialist Party origins during World War I and evolved into a populist leader by assuming control of a new political party of that time. When the use of brute force was necessary to achieve political goals or eliminate the competition, squadrism was employed where a group of paramilitary thugs were used to intimidate, injure or even eliminate the opponent(s). 

Insane as that might sound in the application of the current administration, that is the fear I have and the implementation of his goals. The use of brute force would be hopefully extremely rare yet the blunt trauma of the power of the state will make for a nice substitute of paramilitary gangs. This is a time to be cautious for what is ahead, prepared for a very unstable future, and measured in our words. The time for freedom is now and nobody within our nation’s borders can guarantee that will apply to the non-believers in the future. Thus the terminology and my concerns that we will see nothing less than the evolution of a modern day Italy, with similar goals of a massive corporatocracy ruled by the central party and a group of technocrats creating and manipulating policy to serve the daily needs. 

I pray I am wrong.

English Translation of Giovenezza; this should make you think:

Hail, O people of heroes, hail O immortal patria, you sons are reborn with faith in the idea. The courage of your warriors, the strength of your pioneers, the vision of Dante Alighieri, today shine in every heart. In the Italy with its natural borders, Italians are remade. They are remade by Mussolini for the war to come tomorrow, for the joy of hard work, for peace and the laurel, for those who are renegades of the patria to be placed beneath the yoke. The poets and the artisans, the gentlemen and the peasants, proud of being Italian, swear faith to Mussolini. There is no poor part of town which does not send its formations, which does not spread the flags of Fascism, bringing us redemption.

The Chorus:

Youth, youth, springtime of loveliness. Your song rings out everywhere in the bitterness of life.

Giovenezza translation and lyrics from p. 198-199 of Mussolini’s Italy by R.J.B. Bosworth, 2005

America Goes Fascist As Government Bails Out The Banks and Nationalizes The Economy

It’s a new day, here in Amerika.  

For the last several weeks, as the mortgage, credit and financial crisis began to spiral out of control due to government meddling, mismanagement and greed – the government stooges who helped grease the playing field for this fiscal collapse in the first place, began to take over failed industries in a not-too-subtle nationalization of the banking, mortgage and credit industries.

With Lehman Bros going broke, in the wake of wreckage from Fannie Mae and Freddie Mac, the government takeover of AIG and the fact the FDIC is going broke faster than a wino in Vegas, it was apparently determined that the greed, sloth and criminality should be rewarded by making the you and I, the U.S. taxpayer and our children PAY for the HUNDREDS OF TRILLIONS OF DOLLARS in debt these institutions at behest of the government, have incurred.

It began with Morgan Stanley, and yesterday culminated in the government announcing it will MONETIZE ALL BAD BANK DEBT.  So in one fell swoop, the U.S. government with the Fed has trashed Free Market Capitalism, Socialized the Debt and are willfully ignoring the moral hazard they have created.

As my friend and fellow contributor John Galt said in response to this:

I said they would monetize and they are.

I said they would commit un-Constitutional acts, and they are.

I said that hyperinflation would occur before deflation, and it is.

I said that somewhere close to 40,000,000 retirees just became wards of the state because their retirements were wiped out and they did; they just don’t know it yet.

I said this disaster would alter our nation forever and it will.

Equities will be destroyed.     

Bonds will become worthless.

Money Market funds will be obliterated.

There is no incentive to save money.

The retirees who trusted the government to keep their money safe and earn a meager 4-5% annual return will be turned upside down by either destruction of their mutual funds or hyperinflation. A 5% return does nothing in the face of annualized inflation in excess of 20,30 or 50%.

Plus the entire tax structure of the U.S. will have to be redesigned.

 

John also warns that the action taken here signals the official end to the Right to Private Property in the United States.  Ultimately, he is correct, because the government will now own everything; your mortgage, your loan, your insurance, your bank.

In short order, America has gone pure fascist.  Not in the manner the Liberal Left had tried to redefine fascism in terms of Religious Conservatism, but TRUE Mussolini-style fascism – where the government runs industry, banking and commerce.

We shouldn’t be too surprised, we’ve been on this course for years, in fact during the 1930’s, the Collectivists at the NY Times and even FDR were enamored of Mussolini’s fascism – and sought to find a way to emulate it here.

Of course the media makes it sound like the greatest thing since Welfare was created by FDR.  Contrary to the headline, THIS IS NOT A RESCUE – it is a TAKEOVER that will be hung on your neck and mine and that of our children to cover:

Citing Grave Financial Threats, Officials Ready Massive Rescue

Lawmakers Work With Fed, Treasury To Try to Restore The Flow of Money

By Binyamin Appelbaum and Lori Montgomery
Washington Post Staff Writers
Friday, September 19, 2008; A01

The Bush administration is urgently preparing a massive intervention to revive the U.S. financial system, including a plan to sweep away the unpaid loans that are choking banks and blocking the flow of money to borrowers.

Congressional leaders gave bipartisan support to the administration’s efforts after a meeting last night with Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke.

Paulson and Bernanke presented a “chilling” picture of the state of the financial system, according to a participant in the meeting who spoke on condition of anonymity. Lawmakers were told that the consequences would be grave if they failed to pass legislation by the end of next week. Sen. Harry Reid (D-Nev.) and Rep. Nancy Pelosi (D-Calif.) committed to meeting that deadline.

The plan involves using hundreds of billions of dollars in government funding to buy bad loans, leaving banks with more money and fewer problems, according to two sources familiar with what was said at the meeting.

After the meeting, Paulson told reporters the proposal was “an expeditious solution that is aimed right at the heart of this problem.”

Also last night, the Fed was considering offering backing for money-market mutual funds, which have had massive withdrawals in recent days, said a source familiar with the discussions.

And the Securities and Exchange Commission is considering further limits on short-selling, a practice that allows investors to bet on a decline in a company’s stock price, according to a person familiar with the matter. Critics of the practice say short sellers are driving down the share prices of financial companies, thereby contributing to their destruction.

The government has already tried three times this month to keep money flowing through the financial system. It took over the two largest providers of funding for mortgage loans, Fannie Mae and Freddie Mac. It created a new source of funding for investment banks. And it took over the insurance giant American International Group.

Now the government is contemplating its broadest — and perhaps most expensive — intervention to date.

The urgency has only grown with each successive intervention because the first three tries have not worked. People are withdrawing money from money-market mutual funds. Banks are refusing to lend to one another. Several large financial companies need money to stay in business, including the bank Washington Mutual, which is seeking a buyer.

Regulators and the banking industry are increasingly concerned about customer withdrawals from money-market funds. Crane Data, which tracks the industry, said total deposits in money-market funds fell Wednesday by at least $79 billion, or about 2.6 percent. Financial executives have told government officials in recent conversations that the rising pace of withdrawals is the equivalent of a bank run and that if it continues, it will drain a massive and critical source of funding.

Money-market funds are particularly important because they buy short-term debt, which is used by financial companies and other corporations to finance day-to-day activities.

According to legislative aides, yesterday’s meeting was arranged after Pelosi called Paulson’s office mid-afternoon to discuss the state of the markets. During that call, Paulson asked to meet with Pelosi, Reid and key lawmakers from the banking committees. That meeting took place at 7 p.m. in Pelosi’s office on the second floor of the Capitol.

Paulson and Bernanke did not present lawmakers with a written proposal but are expected to do so by tonight, congressional aides said.

During the meeting, one lawmaker worried aloud that Paulson was asking for “a blank check,” according to a participant. There was also a “healthy debate” about whether this action would finally stabilize the markets.

“They couldn’t answer yes to that question,” the participant said.

Paulson and Bernanke generally have kept Congress at arm’s length as they have sought to deal with the financial crisis. Yesterday, however, after meeting with congressional leaders, they exchanged awkward compliments with the lawmakers at a news conference. Lawmakers had been increasingly critical of the Fed and Treasury leaders for failing to consult with Capitol Hill. The administration will need congressional approval to commit taxpayer money to its new plan.

“We’ll do this as quickly as we can. We’re not talking about a month,” said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, which would probably review the plan before it went to the House floor.

A hearing on the topic that Frank had scheduled for next Wednesday could now become a legislative drafting session, he said.

Also yesterday, Sen. Charles E. Schumer (D-N.Y.), chairman of the Joint Economic Committee, suggested that the government create an entity that would operate much like the Depression-era Reconstruction Finance Corp. — it would buy “equity and possibly secured debt,” providing desperately needed cash to companies while permitting the government to share in any profit.

“The government would get repaid before the others in the financial chain,” Schumer said.

If a plan does move forward, Democrats may try to demand concessions from the suddenly humbled industry, Schumer said, including support for a proposal to permit bankruptcy judges to modify mortgages for distressed borrowers. Currently, judges may set new terms for mortgages on second homes but not on primary residences.

That idea is contentious and has been fiercely opposed by the banking industry. Frank said he would instead demand that banks reduce the number of foreclosures.

Still, it’s not clear that Democrats would insist on such concessions at the expense of passing the plan quickly.

“The costs of doing nothing are enormous,” Frank said. He added that with the recent deterioration in the financial markets, “I think the timetable for something has been greatly sped up.”

Is it not amazing and utterly infuriating that one of the MAIN CULPRITS that caused Fannie Mae and Freddie Mac to collapse by making laws that they give risky loans to their political constituents is the point man on bailing out and nationalizing the economy???

Hugo Chavez could learn a thing or two on how to Nationalize an entire economy from observing our idiots at the Fed and the criminals in Congress.

 

More on this story:

Capitalism Dying by the Hour

The Skylab Economy

The Rescue Mission