National Socialized Banking?

So we have banks that are “too big to fail”?  Then perhaps they are too big to be free market driven? Perhaps they are too big to be anything other than “conservative as a banker“? Boy, that’s an old saying that surely has changed.  Republicans are conservative. Republicans should be conservative about their finances, moderate in their lifestyles and attentive to conservation.  Somehow we have lost those values as we confront the dreaded RINOs.  Too often this label is applied to people who don’t agree with us on social issues, but I think it is high time we recognized that it is far more important that we stop the juggernaut that the tax-and-buy votes mentality in our Congress represents.  While earmarks are important, they are a tiny part of a much bigger problem. which is that we are spending too much (both as individuals and as a society) relative to our income.

Congress and the President are about to nationalize private debt in a way that punishes the conservative for being cautious and rewards the people who have overextended our banking system.  We have bought a false boom on the backs of the truely fiscally conservative people and now we are going to try to buy a “soft landing” by adding more debt.  We need to rethink this and make our voices heard … now!

(Aside).  Saw this great two-panel editorial cartoon.

  • Left panel shows congress on dock looking at a bunch of drowning swimmers and talking about how they had saved them all …
  • Right panel shows the underwater view of the swimmers standing on the shoulders of people labeled “People who lived within their means”

No one wants to just watch the economy tank, but nationalizing debt is a risky practice, and we have probably never considered it on such a scale.