The Federal government controls the banks. This accounts for 14% of the U. S. economy. It controls a portion of the Automobile industry that accounts for another 2.57%. The Government is in the throes of taking over the Health Care industry, another 16%. We are waiting for Cap & Trade which will bring control of Energy, another 11.5%.
If successful it would bring 44.07% of the U. S. economy under Federal Control. The cost of government, including defense is 28% of GDP. As a non-economist, non-accountant, I think this means 72,7% of the economy would be under federal control. I believe the transformation of America is well on the way. Some will call this good government. There are some that think this is socialism. In my opinion, this is putting us on the path to pure Marxism.
Paraphrasing James Madison, father of the Constitution, "IT WILL BE OF LITTLE AVAIL TO THE PEOPLE THAT THE LAWS ARE MADE BY MEN OF THEIR OWN CHOICE."
Joel
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
We are not on the path to Marxism. We passed Marxism years ago.
ReplyDeleteWe are on the path to Fascism. Specifically, Corporate Fascism.
How exactly do the Feds "control" the banks. Sure there are regulations but this goes far from total control. The Feds now control "a portion" of 2.57%. I don't think that accounts for much. Besides this "control" was brought about by historic economic turmoil, not a power grab. And niether health reform or cap and trade will take either industry out of private hands. Just more conserv. scare tactics at play and the whole story line is getting to be lame. Keep it up and you'll just be pissed again when you lose another election.
ReplyDelete9:49 AM, Have you not heard of the bail out and the pay czar? As to Health care and Cap & trade, true it will not take private companies out of the picture, they will just have to obey government mandates. If this be Conservative scare tactics, the truth is very scary. You are entitled to keep your head buried in the sand, but others are looking at what your fellow travelers are doing.
ReplyDeleteYour going down in Virginia and if you manage to squeek through in N.J. & N.Y. it will be with less than a majority. No wonder Chavez and Castro like Obama and by connection you also.
Yea that math makes sense. (rolls eyes)
ReplyDeleteThis information is not correct, and it is a complete distortion of facts.
Joel,
ReplyDeleteAre you really already talking about the election. Get a life!
Well said 9:49am.
ReplyDeleteJoel, why the name calling?
ReplyDeleteAll percentages can be verified in a Google search. However, if you are not interested in the truth keep drinking the Kool Aid until it bites you in the butt. One day you might wake up to find you have become a slave to the state.
ReplyDeleteI would be happy too see facts proving me wrong. I think Joe would post those facts if you can present them. Until you put up please shut up. In the future I will ignore your comments as not being substantiated.
we shouldn't be waiting for cap & trade(aka, tax) or health care reform. Call your senators & representatives & tell them how you feel. i already have, many times. do it more than once. DO NOTHING ONLY IF YOU'RE FOR THESE BILLS, now before our congress.
ReplyDeleteJoel,
ReplyDeleteYour articles on here teeter on paranoid schizophrenia. These are the most ridiculous, made up numbers I have ever seen. Do you have fun feeding the fires, or are you looking for a job on fox. We don't have to prove anything, you the writer do, and you cannot easily google any of this made up crap. Take the tin foil hat off for a while and become a functioning member of society.
Numbers like this, that are a total fabrication, ruin your argument when the truth comes out.
ReplyDeleteLike death panels, now everyone knows anything you say is BS.