The Bank of Obama

So I'm listening to the radio on the way home today, and hear that Pelosi implied that she is going to criminalize some of the political differences she has had with Bush, and after he leaves office, attempt to prosecute some of his advisers and allies for various offenses. I imagine she'll demand that anyone who was nice to Bush show up to testify in front of an angry committee, where they'll be accused of lying under oath for not remembering an offense they didn't commit. Welcome to fascism folks. But this isn't what got me all fired up. I flipped over to the other station.

On the other station, the thug (Ed Schultz) was talking with some intellectual about Obama's new proposal to establish the Bank of Obama, through which he would personally invest taxpayers money in projects that he thinks would benefit his friends. At least that's my read on his proposed "National Infrastructure Reinvestment Bank."

For our economy, our safety, and our workers, we have to rebuild America. I’m proposing a National Infrastructure Reinvestment Bank that will invest $60 billion over ten years. repairs will be determined not by politics, but by what will maximize our safety and homeland security; what will keep our environment clean and our economy strong. And we’ll fund this bank by ending this war in Iraq. It’s time to stop spending billions of dollars a week trying to put Iraq back together and start spending the money on putting America back together instead.

Yes, he said that... last week (January 19th, 2009). Lose the war in Iraq, invest billions we don't have in environmentally friendly 'infrastructure' projects, built by union labor, and that will improve our country.

Kick me if I'm wrong, but didn't we learn from experience that having the national government run banks is bad? First Bank of the United States led to corruption and a collapse of our economy. Second Bank of the United States led to more corruption and a massive economic recession. The Federal Reserve... the jury is still out, but after these 'partially-run' government banks were established we had a Great Depression, followed by massive inflation and debt, and a now an investment and banking industry rotten to the core. And the solution is more government involvement? I don't think so.

So what's the next step? Give in to the coming fascism of our country? Buy guns and ammo and prepare to clean the tree of liberty with the blood of patriots? At this point, no to both of those. The next step is for you to get involved. Join the Republican Party. Join the Democratic Party. Be active in the party. Vote for the right candidates. And know your history and be smart with your arguments. Good patriots defeated these attempts to nationalize banks and make America more like Europe in the past- surely we can emulate our ancestors and rise up to meet the challenge today.