Tea Is For Tyranny

A couple weeks back a very important story broke. This story involves a downright frightening abuse of power by the Obama administration and a blatant disregard for our free market system. Now just in case you read the New York Times and watch MSNBC to get your news I’ll now attempt to explain the dire scenario in the simplest of terms.

In the waning days of the Bush administration banks were brought in to have TARP money thrown their way. The problem is that not every bank that got TARP funds needed said funds. This however is not the fault of the banks. It was the government that forced this money down the throats of banks that were still solvent at this point in the financial crisis. The logic behind this strong-arming was to spread the doubt about the banks around and make sure that no bank(s) was singled out as particularly more troubled thereby avoiding a run on such a bank(s). This thought process was sound enough at the time and at least had the best of economic intentions in mind.

Enter Obama, Geithner, and the left wing legislature. Treasury Secretary Geithner with the support of President Barack Obama and the Democrat majorities in the House and Senate decides that the government should have the power to evaluate the operations of banks that “took” TARP money, and if their practices are deemed too risky the government can come in and do essentially whatever they want with the company. Now the definition of risky is purposely left completely ambiguous in every interview with Geithner, administration officials, and legislators so naturally the banks start to worry about the government coming in and tinkering with their operation.

One of the banks that didn’t need or want the TARP money then now tells the feds that they would be more than happy to give all the money back plus interest. What does the government do when offered this cash? Before you answer, please remember if this was your cash that you leant out, and it really is, you would most likely take it all back plus interest in a heartbeat. But not the federal government, they refused to take even one penny. As a matter of fact, this bank was actually threatened that they better cease their attempts to pay the money back (the money they never wanted to “borrow” in the first place) lest they suffer consequences.

Now why would the government behave in such a way if it wasn’t to keep their hooks in the banks and ensure their lasting authority over the financial system of this country? Having trouble coming up with an alternative motive? That’s because there isn’t any. This is nothing but a backdoor technique of nationalizing the banks masquerading as an attempt to keep these “irresponsible” institutions accountable while they enjoy the benefits of a loan from the tax payers. I don’t know whether to laugh or cry when I consider the notion that tax payers had the money forcibly taken from them, so the funds could be forcibly “leant,” to a bank that is being forced to keep it, so the government can force them to operate as they see fit. Actually, I think I’ll cry, because I just described a series of government actions that adhere to the very definition of tyranny.

Surely our free press is going to swoop in and expose this socialist plot against our American way of free market capitalism. Not quite, the liberal media outlets (that’s almost all of them for those of you who are keeping count) are way too busy denigrating the tea party protests that happened around the country on tax day. Too bad it wasn’t a nationwide collection of hippies sucking down bong loads to pronounce their aversion to war and gasoline. That would’ve had these so called journalists out in droves salivating over the prospect of another “Bush lied, people died” sound bite. Next time the fiscally conservative patriots out there should actually dress up as Indians (feather, not dot) like the original Boston Tea Party. That way at least the leftist media will come out to portray them as racists, because you know what they say, there’s no such thing as bad publicity.