Treasury Secretary Timothy Geithner is the Erebusic personification of President Obama’s contempt for free-market capitalism. Together they have successfully maligned Wall Street and AIG, et al., vis-à-vis rule 13 of Marxist Saul Alinsky’s “Rules for Radicals,” i.e., “Pick the target, freeze it, personalize it and polarize it.”
In brief, pick someone or something you don’t like and demagogue the daylights out of it until others enjoin the pile-on. Then proclaim yourself the champion of the people by slaying whatever (in this case the aforementioned) you have cast as the enemy.
Obama is a socialist – let there be no doubt about that fact. Anyone who believes in redistribution of wealth, Keynesian economics and who has contempt for free markets, free enterprise and capitalism, is a socialist. He also has Marxist intentions, i.e., he believes government is best able to control business, set profit margins for same and dictate compensation of management – which brings me to my point.
Geithner, under the direction of the Obama White House, has announced the government must be able to insert itself in private business. Geithner said, “[Government] regulators must issue standards for executive compensation practices across all financial firms and [said] guidelines should encourage prudent risk-taking, focus on long-term performance rather than short-term profits, and should not otherwise create incentives that overwhelm risk management frameworks.” The simple explanation of his statement is: “We [the government] are going to take over the operation of any business we determine and define as not being managed properly until we decide it is in the best interest of the people (also as defined by us) to take control of all business, period.”
Supposedly, this applies only to financial institutions – but it will never stop there. Businesses and CEOs they identify as an enemy of their idea of state will eventually be brought under government control. Consider Wal-Mart, long held to be a glaring example of their definition of an enemy of their state, as are oil companies. Control of the profits oil companies make and the compensation of Wal-Mart executives would take place in nanoseconds. And former General Motors Corp. CEO and Chairman Rick Wagoner will not be the last corporate executive forced to resign by the Obama-Geithner regime.
Geithner hides behind Obama’s pretentious displays of concern, when in reality their actions and intentions, and those of their minions, are meant to entrench a political program that will change the face of American free enterprise forever.
For those reading this and thinking, “They only want to make sure we don’t experience another economic disaster,” I’ve got news for you – they and their comrades are responsible for the disaster. Barney Frank, Chris Dodd, Chuck Schumer, et al., were busy playing their violins while warnings of the mismanagement of Fannie Mae, Freddie Mac and various other financial institutions were ignored.
It is a sham and a charade to suggest that we need a person/panel to oversee the financial/business sector. We have the FDIC, SEC and a plethora of other agencies you have never heard of whose task it is to do just that. Lenin and Mao also shared a belief in government control of business, compensation and government profits, as do Hugo Chavez and Fidel Castro.
Keep in mind this is the same government that proved itself unable to manage the House Post Office and the House Bank, and that brought us Travel-gate. Now these people, many of whom were in office during those travesties, claim to know how to successfully run Wall Street and the auto industry, and that they are entitled to renegotiate employee contracts.
Where will it stop? Will companies be threatened with takeover if they don’t pay union-scale wages, regardless of whether or not they are unionized? What happens if a company is deemed not to be “green” enough? It is one thing to believe Obama, Geithner and Congress are only interested in protecting us from poorly managed financial institutions – it is another thing to think they are not interested in a total deconstruction of our free-market capitalistic system.
Chuck Schumer, D-N.Y., was right when he said, “Given the history, a change in management [at General Motors] could hardly hurt and might do some good.” Only, it shouldn’t have been GM he was referencing; it should have been Congress and the president. They are socialists with Marxist proclivities who are determined to recast America into the image they discussed in college classrooms under the tutelage of anarchist professors. Theirs is an organized attempt to institute the policies and controls of Lenin and Mao Zedong. If we don’t rise up against Congress and Obama, we – not they – will be responsible for the demise of free-market capitalism.
Network ‘news judgment’ depends on who benefits
Tim Graham