Government Power Grab Packaged as Bail Out

Posted on October 2nd, 2006 in Articles

It was a cause for rejoicing Monday, when the House voted down the government power grab packaged as a bail out. We now face the prospect of this once again on Friday, October 3rd. This time around the bail out is even worse having added an additional 110 billion dollars of bribes, or rather pork, with the hope of buying sufficient votes to pass the power grab. Why did so many mortgage loans fail? In part because Federal policy forced affirmative action quotas upon the lenders and then altered the definition of income to include food stamps, welfare payments and disability payments. Hence bad loans were demanded by the government. Now those who caused the problem wish to present themselves as the savior. No, let the free market solve market problems. Let the financial incompetents fail and the competents take them over.

A good friend of mine forwarded to me his letter to his congressman. It is worth reading so here it is:

“Congressman Tanner:
Your vote on the bailout bill was quite disappointing. While claiming to be a ‘blue dog’ fiscal conservative, you have voted for an unprecedented indemnification of the speculators on Wall Street. This move would de-value the dollar even further, and raise the price of fuel and other commodities to new record levels. You must see that it is the inflationary action of the Federal Government (money printing) that has created the crises as it is. It can not be solved with more printed money. Karl Marx called for the “centralization of credit in the hands of the State” – an approach that is furthered by the regulatory provisions of the Bill. Now the Senate version that is sent down to you has $110 billion of Pork and pet projects attached. An $810 billion devaluation of the US dollar in order to bailout private interests. I will do everything within my power as a citizen of this state to see that the supporters of this legislation are opposed and replaced.

PM”

To understand PM’s letter one must be reminded of Karl Marx’s Communist Manifesto in which he outlined ten steps to revolutionize a government into communism. Our American Republic has already been greatly modified from its founding upon Biblical Law and principles. Carefully reading the Bible one can see the antithesis, point by point between Christianity and Communism. Here is what Marx wrote:

“The proletariat will use its political supremacy to wrest, by degree, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the state, i.e., of the proletariat organized as the ruling class; and to increase the total productive forces as rapidly as possible.
Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production.
These measures will, of course, be different in different countries.
Nevertheless, in most advanced countries, the following will be pretty generally applicable.
1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.
6. Centralization of the means of communication and transport in the hands of the state.
7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal obligation of all to work. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.
10. Free education for all children in public schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production, etc.
When, in the course of development, class distinctions have disappeared, and all production has been concentrated in the hands of a vast association of the whole nation, the public power will lose its political character. Political power, properly so called, is merely the organized power of one class for oppressing another. If the proletariat during its contest with the bourgeoisie is compelled, by the force of circumstances, to organize itself as a class; if, by means of a revolution, it makes itself the ruling class, and, as such, sweeps away by force the old conditions of production, then it will, along with these conditions, have swept away the conditions for the existence of class antagonisms and of classes generally, and will thereby have abolished its own supremacy as a class.
In place of the old bourgeois society, with its classes and class antagonisms, we shall have an association in which the free development of each is the condition for the free development of all.”

Karl Marx is dead, but his antibiblical ideas are very much alive inside the DC beltway. Having departed from God’s revealed law, which regulates every area of life including economics, we are descending into statism and slavery. The government plantation is being built vote by vote and Massa has a definite plan for your life.

Where will the government come up with $810 billion? It will take it from you in taxes, take it from businesses who will pass it on to you in higher prices, and it will print some new money which will make your presently held money less valuable. Why should the American worker and taxpayer pick up the tab for those who were irresponsible financially?

Just to get you started seeing how Christianity and Communism are antithetical here is just one point. Communism’s third plank, “Abolition of all rights of inheritance.” Here is what God says in Proverbs 13:22, “A good man leaves an inheritance to his children’s children, and the wealth of the sinner is stored up for the righteous.” and in Proverbs 19:14, “House and wealth are an inheritance from fathers, but a prudent wife is from the LORD.” Inheritance taxes are an abomination in God’s sight and hinder the increasing prosperity of coming generations. Ah, but then, self-sufficient men don’t want to live on Massa’s plantation.

Something interesting to read: Soviet-style collapse in America’s future?