Continued slide towards Socialism in GM-Chrysler Merger support by Treasury

More evidence of the country's move towards socialism and this coming from the current Republican administration which history will record began the slide towards socialism was found in the support by the US Treasury Department of $5 Billion USD of tax payer monies to support the take over of Chrysler by GM.

The Bush 43 administration is handing the BHO Presidency the road to socialism on a silver platter. Whatever the BHO White House does it will be able to point to the Bush 43 actions and find cover for their increased socialization of the country.

For the US Treasury Department to sanction and support the use of public monies for the express purpose of the take over of one private organization by another is just pure socialism in its clearest form. For this support, the US Government will receive a certain equity positions in the form of preferred stock.

Interesting, it seem that if Hugo Chavez or Vladimir Putin was doing this, the US would probably be crying foul, but since its the good old USA, it somehow passes the smell test. In addition, I can't believe all the supposed free-marketers on the financial networks, FBN included, that don't have problem with this action.

In times of stress it would seem even the true of heart become jaded and can not see their ethics and principles clearly. In the future, these so-called journalist are going to have a difficult time making a case that the government should not nationalize this or that, or take equity stakes in this or that.

I am so tired of hearing, "Well, the Government could actually make money on these positions." I have never seen the US Government make money on anything even the so-called RTC (Resolution Trust Corporation) and the airlines bail-outs and previous Detroit bail-outs. Why?

On paper some of these actions actually did make a small profit, but when you put all the time and effort and precedence setting issues, you can see that they were just the forerunner of today's almost total nationalization of the financial systems in the country.

Remember the old adage: "The journey of a thousand miles begins with a single step." This is truly the journey of a thousand miles as we begin the long path towards socialization a la BHO and his SMDC.

Europe here we come.