Sword and Sextant

This is getting dangerous.

One day later (one day!), we’re hearing that now Big O wants to be able to seize non-bank entities.  Something tells me they’re going to forget to say only investment entities.  Welcome to a world of potential government control of any company!  Here’s a real gem from the story:

“Such authority also would allow the government to break contracts, such as the agreements to pay $165 million in bonuses to employees of AIG’s most troubled unit.”

Break contracts?  So basically, any company in America taken over by the government suddenly doesn’t have to pay shit to anyone if they don’t want to?  Hello, foreign investors!  I mean, goodbye forever.  To be fair, its not like any American investors are going to want a piece of this crap law when their dollar is on the line, either.  Who the hell does this law even benefit?

Answer:  The federal guvamint.  Our leaders have decided they need to watch over us more than ever now, despite the very real fact that they caused this whole catastrophe 100%.  As they hold hearings to browbeat those toiling under their myopic laws, they themselves are the true culprits.  Remember Barney Frank dismissing concerns about Fannie and Freddie?  Remember Chris Dodd getting $100K+ from AIG?  The criminals we need to get are the ones writing the damn rules.

Also from the quote, we hear about the 165 million bones paid to AIG dudes.  When we’re hemorrhaging trillions at a time willingly, we’re gonna get all fucking worked up about $165M?  It was a pretty crass move, but the Dems in Congress asked Geithner about this very thing before the bill passed, and the WSJ revealed he was working on this one issue since LAST AUTUMN.  They knew, they passed the bill, and the President signed it with his pen (hopefully that cool boat one from Gordon Brown). 

This whole episode is turning into a visible formula for the Obama Fearministration (copyright me, right now).

A) Gin up a crisis, anger, vitriol, and fear. 

B) Write a million proposals into one bill, make it cost $1T (plus or minus $200B)

C) Pay off every person who got you elected, and all their friends, too 

D) Write off important things that will piss off the public hardcore (AIG bonuses)

E) Sign bill without reading it or even thinking about it, its so damn necessary

F) Incite hatred towards the actions of boogeymen when you allowed it personally

G) More laws to increase guvamint power to “fix” the problem

H) Repeat 

This process is dishonest, patronizing, foolish, and completely irresponsible.  Oh Barry, you have 30 million calls waiting in the office today… something about a bad case of buyer’s remorse.  How far can you bury America and freedom in the squalor of your policies before you lose in the midterm elections?