You’ve been hearing about the Bush/Paulson plan for “streamlining” or “revamping” the “outdated” regulatory system. Let me take the spin off of this story for you:
The plan is to allow the Fed to do whatever the hell it wants to, injecting taxpayer money into whatever irresponsible bank needs it for the time being. After the liquidity pressures in the market subside, the Fed will use its newfound power to stop banks from doing anything stupid again; this is basically a nationalized banking system without a mask. The unthinkable conclusion of Bush and Paulson is that the only reason we have this recession is because the Fed doesn’t have enough control over our finances, when in fact it is a result of government coercion. The same federal government that encouraged irresponsible lending is now denouncing it, but offering to pick up the tab. We should elect people like Ron Paul, or become familiar with the fact that the aristocracy will always win, and the people will always lose. The people will remain at the mercy of corporation, which hides behind a pretend government.
The more I study this, the more I realize nearly all politicians are scum, and that the federal government is much more similar to a criminal organization than a service organization. In fact, I can think of no difference between what organized crime does and what the federal government does, except that the federal government has more power, and involves millions of people that only want to do honest business. To look at what our government does, and want to be a perpetuating force in that process, is a lot like wanting to be made in the Italian mafia. It’s all about power, prestige, and money, and at its core it is merely a group of thieves who force others to work for them, hiding behind expensive suits, slick haircuts, and a team of grunts with automatic weapons. I can live with the Sopranos; they don’t steal from me. I can’t take the Bushes and Clintons anymore. All the nationalist and/or socialist mobsters can go to hell. America is for liberty, so get your hands out of our pockets.