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If Bailout Plan Is Too Socialistic, Just Wait For Obama Leviathan

Posted by keelynet on October 13, 2008

Absolutely! What are people thinking??? Just looks and charm won’t cut it as President. I have issues with McCain too but I think he will be far better than the Obiden ticket.

“Have Americans been so lulled by Barack Obama’s smooth talk that they don’t realize his plans would expand government into a massive socialist behemoth? During Friday night’s debate in Mississippi, Obama disparaged what he called “this notion that the market can always solve everything and that the less regulation we have, the better off we’re going to be.” But the subprime crisis Washington is dealing with is the result of three decades of the federal government pressuring banks — via the regulatory demands of the Democrats’ 1977 Community Reinvestment Act, which was expanded by Bill Clinton — to make tens of billions of dollars in bad loans to poor people with lousy credit ratings. It was Democrats’ regulatory and litigious assaults upon the mortgage market in pursuit of “social justice” that left our economy in its precarious position of today;… But if the taxpayer rescue of Wall Street and Uncle Sam’s taking over the banking system scares you, the broader socialism planned by the Democratic presidential nominee should leave you petrified… The Obama campaign uses the word “encourage” over and over in numerous areas of policy. Expect it to be the form of encouragement practiced by Don Corleone — making you an offer you can’t refuse. / Dictatorial energy policy: Obama would spend $150 billion over a decade “to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids” and create other ways to force uneconomical forms of energy on the auto and oil industry. A Clean Technologies Deployment Venture Capital Fund would artificially finance the environmentalist pet projects in which private investors have little faith. Negating the global labor market, the Illinois senator also promises to “provide specific tax assistance and loan guarantees to the domestic auto industry to ensure that new fuel-efficient cars and trucks” are built within the U.S.” – Source

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