Fascism -- invented by Mussolini and copied by Hitler -- is a political/economic system in which there is nominally private property. So people supposedly own their homes, their clothing, their food and their businesses. However, in fact, the government dictates every detail regarding how the "owner" uses his supposed property.
Under fascism a businessman nominally owns his factory but in practice the government tells him what products to make, where he gets his supply, whom and how many to hire, what he must pay his workers, how much he can charge for his product, how much of it he must produce and who he must sell it to.
This describes exactly the kind of power Obama via Geitner is seeking. Geitner asked Congress for authority to take over any private institution which is a a "systemic risk". What is a "systemic risk"? Apparently, it is the same as a "too big to fail" and we all know how arbitrarily this term was used (AIG was too big; Lehman wasn't, etc.). So if this regulation is passed Geitner will have the power to take over or bail out any private business he desires to in this country.
Then today Congress passed a law giving Geitner the power to dictate the compensation of all employees of any company which has recieved government aid.
So here is the result. Obama says to Geitner, "Take over the xxx corp.". Geitner promptly declares xxx as a systemic risk. This justifies him forcing it to take a bail out from the Treasury. Now that the company has been "bailed out", the law passed today allow Geitner to dictate the wages of everyone from the CEO to the janitor. With this power Obama/Geitner can dictate all company policy. and actions. Now Obama runs xxx corp even though legally it is still owned by the stockholders.
This is such a blatant and open grab for power that we must rank Obama with Stalin, Mao and Hitler in the power luster hall of fame.
-TG
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