Tomorrow, the House of Representatives will take up the President's latest socialist concept, and we had better pay attention to this one.
It appears there are the votes to pass it, and - true to form - the President wants it passed "quickly."
Not since the Raw Deal New Deal of FDR have we seen such abuses proposed.
This is about the banking system and our monetary policy. This is why it affects and impacts us.
Congress is set to give themselves and the government more oversight and power into running the Fed, into breaking up banks they deem to be too large or in danger of collapse, in setting compensation, and many other activites once part of the private sector.
Real estate sales, lending policy, interest rates, credit, and so much else can be in the path of this biggie.
If anyone wonders why the President wants eveything passed immediately without any debate, without time to read the measure, or without any public comment, it's because he has plenty more of these anti-capitalist proposals to rush through the Congress.
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