Yeah, it isn't just conservatives that see the ghost of Karl Marx in the Obamessiah:
Warn voters of impending socialism in America. The recent bailout legislation puts the United States government inside the ownership, management and direction of many of our major companies and financial institutions. The bureaucrats have entered as firefighters, trying to extinguish the blazes that threaten to consume these companies. But once the flames are put out, will the firefighters go home or will they set up shop and give the United States a socialist economy akin to that of Western European nations? Will the bureaucrats relinquish the power they are being given in a time of crisis?
McCain needs to point out that bureaucrats never let go of power unless they have to. He should say that with an Obama Administration and a highly Democratic Congress, we could face a long and perhaps permanent period during which entrepreneurial, private-sector capitalism disappears and loan applicants must win government approval for their financing...
Many people have become concerned with the growing power of foreign sovereign wealth funds in major American businesses. Will these funds use their influence and power to alter the financial policies and lending practices of America's leading banks and investment houses? But now the danger comes not just from abroad but from government intervention at home. The sovereign wealth fund that might be most influential in distorting our private capitalist system is the United States Treasury and the Federal Reserve Board.
Under conservative, pro-capitalist Republican management, we can, presumably, trust these institutions to exercise their power benignly and to turn control over to the private sector as soon as possible. We can count on their taking a hands-off policy toward the investment of the banks and financial firms in which they acquire an equity position. Except to control abuses like subprime mortgages and making marginal loans, we can expect that these federal institutions will act in our interest.
But if Obama's appointments take over the Treasury and the Fed, can we be as sure? McCain needs to point out that it was political meddling by liberals that led Fannie Mae and Freddie Mac to encourage subprime mortgage loans in the first place. Were it not for the pressure in the Clinton Administration to expand home ownership to poor people and minorities, Freddie and Fannie would not have relaxed their down payment policies and would not have been willing to guarantee mortgages without proof that the borrowers had sufficient income to repay the debts.
McCain needs to point out that it is precisely this sort of liberal pressure which led to the disaster and to warn that the power the bailout legislation gives the next president is so potent that it could destroy our concept of a private economy.
And don't try to tell me Morris has flipped. He's a centrist - always has been. Like most Clinton voters. Hell, my first trip to the ballot box was a close call between Clinton and Perot. I didn't realize at the time that Rush Limbaugh had a better understanding of human nature than I did. I've learned from that. As for George Herbert Walker Bush, he lost me at "read my lips, no new taxes." You lie to me on that big of an issue, you are dead to me. So that is the extent of my youthful indiscretions. I seriously considered voting Clinton and voted for a nutcase with some pie charts. That was a quality election we had there. (Sarcasm) Solid choices.
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