He Who Controls the Gold, Controls

Nationalization of the banking system seems to be gaining popularity, even among Republicans. Shame on Lindsey Graham (R-SC) and others who back this plan. Graham told the Financial Times, “We cannot keep pouring good money after bad. If nationalization is what works, we should do it.” How about this: stop pouring any taxpayer money into failed institutions and get at what the real issue is here…government regulation and interference. Remember, it was Congressional mandates that forced Freddie and Fannie to give loans to people who shouldn’t have qualified for a loan to buy a dog, let alone a house.

We tried this nationalization thing before…in the early 1800s. President Andrew Jackson (he may have been a Democrat but he was certainly not a Lib...) crushed the National Bank because he realized the dangerous power and precedent that set. He knew that whoever controlled the gold (money) controlled completely. The National Bank at the time was making policy decisions that were undermining the people, the working class of the US, and the government itself. Though it almost cost him re-election, he crushed the National Bank (hmmm…a Democratic President with principles…).

President Jackson knew that too much power in the hands of the Federal government, or in this case a Federal institution, was a dangerous proposition. It was (is) not the job of the Federal government to provide economic equality for its people: “Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not [sic] be produced by human institutions…every man is equally entitled to protection by law [but not the “equality” preached by the Socialist movement]”
If banks are nationalized what is to stop the Federal government from passing mandates that further control your life if you want money from those banks. Think that’s crazy?

How about this: you want a home loan from the bank? You must install solar panels, agree to set your thermostat at 68 degrees and only use a set amount of water every month.

Or how about this one: want a car loan? You have to buy a hybrid. Need money for medical expenses? Sorry, you used a doctor not in the network.

Want to withdraw your money? Nope, the government needs that money right now (see: California and not going to give its people their income tax returns).

If you don’t think the current administration would stoop to such levels, then you are either naïve or drinking the Obama Kool-Aid.

President Jackson, unlike most of our politicians today, understood the true intent and purpose of the Federal government. As I listened to talking head after talking head say, “while we don’t necessarily like the Stimulus Bill or Bank Nationalization, it is a necessary evil”, I remember Jackson’s veto on renewing the National Bank:

“There are no necessary evils in government. Its evils exist only in its abuses.”

Senator Graham, President Obama, and all…the only reason any of this seems to be necessary is because you have already abused the powers given to you in the Constitution…it is a good documen--and unlike the Stimulus Bill you have plenty of time to read it--maybe someone should try to at least look at it.