Tuesday, March 24, 2009

A GOOD MOVE & PREDICTABLE REACTIONS

Pres. Obama is starting to move on much-needed regulatory reform:
U.S. Seeks Expanded Power to Seize Firms
Goal Is to Limit Risk to Broader Economy

By Binyamin Appelbaum and David Cho
Washington Post Staff Writers
Tuesday, March 24, 2009; Page A01

The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.

And the wingers start having fits:

AJStrata: "This is how dictatorships run."

William Teach: "Call it socialism, nationalism, progressivism, or fascism (the digital brownshirts legislation and organizing for America issues surely make a good case, as well,) but, whatever you call it, it should cause serious concern for those who love what our country is founded on."

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