Nationalization . . . It’s Not Just For Dictators Anymore
As noted in our previous post, our federal government continues to emulate Venezuela’s dictatorial President Hugo Chavez through its pursuit of the massive redistribution of wealth from hard-working tax payers to failed corporate executives. This nationalization of private enterprises includes the unfathomable reality that the United States government currently owns more than $5 TRILLION worth of home mortgages, partial ownership of the nine largest financial institutions in the country, and has loaned more than $13 billion in taxpayer money to General Motors and Chrysler . . . all without any statutory authority.
In yet another superbly crafted article titled Illegal. Illiberal. Ill-fated. Why Washington Shouldn’t Run Detroit., Reason Magazine reveals the amazingly unconstitutional, un-American, and most importantly unlawful aspects of our federal legislators’ current corporate bailouts.
We encourage you to forward this eye-opening article to all your friends and associates who are concerned about our Country’s treacherous path towards Socialism.