The other morning I watched as Barney Franks and his congressional pane holding a hearing to give the Treasury Department and Federal Reserve more power to take over more of our financial system. Now they want the power to take over businesses that may not be in trouble and are not asking for help. This just another step on the road to Nationalizing our Banking industry and I think is a bad idea.
We are gravitating toward a welfare state. Do we really want a European style of government? France has had 15% unemployment for years and all the major industries in Sweden are now owned by outside sources because they were taxed so heavily that they could not grow. Since I don't know what Socialism is any more for many people, I'll just say that in Eastern Europe, with its problems, most people believe that our free market/government systems is the best.
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