Is Socialism Inevitable?

Socialism appears to be just around the corner for Amerika.

The NY Times is reporting today that “[u]nder a proposal being discussed with the Treasury Department, the Fed could buy vast amounts of the unsecured short-term debt that companies rely on to finance their day-to-day activities…“

Again, what we are seeing is the pendulum swinging from deregulation to massive governmental involvement in the market place, as well as the Treasury Secretary being given massive new power in the bailout approved by both houses of congress.

And what are the experts saying? President Bush says it will take time to recover.

In India, P.G. Kakodkar, said, “The increasing cross-border flow of capital across economies owing to globalization has caused risk to travel subtly across markets.”

The Pope said, “that the world’s financial systems are ‘built on sand’ and that only the works of God have ’solid reality’”.

Obama said that John McCain is “erratic in crisis.”

And McCain said that Obama is a liar. Considering the massive Obama-centered voter registration drive at this country’s mosques, McCain may very well be correct.

Over on her blog, Michelle Malkin looks at the super-leftist billionaire George Soros “connection.”

Despite the bleak economic picture, panic in the global market, politics as usual, Hussein Obama’s mosque campaign, McCain’s previous wimpiness on the campaign trail, there is a bright spot — Sarah Palin.  As Malkin also notes on her blog, Sarah gave a heckler the smack down. You go girl!

Unfortunately, Sarah isn’t going to fix the economy by herself.  And though she is doing a superb job in her role, Congress and the president have ruined our children’s chances for economic security. They have done what many thought would never happen — move America toward a socialist economic system.  And, yes, at the current rate (no pun intended), our country is being inexorably drawn into the socialist abyss.

Why?

Because the country’s “best and brightest” have forgotten a fundamental reality: Millionaires, just like the rest of us, have to live life on life’s terms. High-flying investors looking for another “millionaire fix” have to withdraw just like any junkie, in order to get well. Unfortunately, Congress is not allowing this to happen. Congress is not forcing the bad actors to take responsibility for their actions. And Congress is consolidating our economy at the governmental level.

Yes, the crisis is real. But it is better to suffer a little pain now then to suffer great pain later — pain that will be inflicted on our children.

President Bush, Congress, market leaders, shame on all of y’all!

Other articles of interest regarding the world market crisis include:

Lehman’s Fuld: Where was our bailout? (In other words, the rich are whining about not getting enough federal help for their mistakes.)

Germany takes hot seat as Europe falls into the abyss

Banking crisis: the world takes fright

FTSE 100 heads for sharpest fall since 1987

Markets routed in global sell-off