Posted by
grad_1986 on Tuesday, April 21, 2009 12:47:53 PM
As a line from the song "Hotel California" (by The Eagles goes): "You can check out any time, but you can never leave" refers to a person who is trapped in the Hell so also it is with our government. Maybe Timothy Geithner and President Obama should have these words carved into the door mantels as a warning to all those coming to them for bailout money. It has recently been brought out that several companies have talked about paying back the money early ( like... TODAY!) , but in some weird sort of way our government is telling them "We'll decide when you can pay the money back".
Just how strange is that! Instead of pushing these companies to get healthy and pay off their debt, our politicians are telling them to stay in debt to them (probably for eternity). Like the opera Fausse where a person signs over their soul to the devil for fame and fortune and then later repents and wants to change, so also these companies have sold themselves also to "the devil". Do we never learn? Did these CEO's think that no strings were attached? What were they thinking!
The Democrats (and maybe a few Republicans) have been waiting for this day for a long time. A conspiracy theorist might even suggest that Barney Frank and his fellow henchman made this all happen on purpose. By encouranging the mortgage/banking industry to be reckless with their money they may have know that eventually this meltdown in the financial markets would eventually cause these companies to come running to them for help and of course they would be MORE than willing to lend a "shrivelled, sulfur-smelling hand". As Obama's administration has said, "a crisis is a terrible think to waste".
So what does it mean now that our federal government now owns most (if not all) the banks in our country? Well for one, it means they have leverage over all companies needing loans. They can manipulate these companies to do what ever they want like puppets on a string. Given Obama's connections to unions, it would mean the government could put large amounts of pressure on corporations to accept whatever proposals the unions make to them. These companies would also have to walk enviromental tight-ropes as well making business here in the U.S. nearly impossible. This also opens up a pandora's box of evils as our already corrupt politicians will be able to suck unbelievable amounts of money to fill their vacuous pockets and fund their re-election campaigns. Finally, with this power comes the ability to control the media as well. Who do you think will get the low-interest expansion loans ? CNN or FoxNews? The NY Times or The Boston Globe? This list goes on and on and on....
With money comes power .... and in this case almost limitless power.