Government Takeover of Private Businesses

In testimony before the House Financial Services committee that just adjourned, Treasury Secretary Tim Geithner just had to defend his institutional takeover plan against charges of radicalism.

"Do you realize how radical your proposal is?" Rep. Donald Manzullo (R-Ill.) asked.

"It's not radical. . ." Geither began, before Manzullo interrupted him.

"You're talking about seizing private businesses and you don't consider that radical?" Manzullo replied, his voice rising.

Manzullo is trying to get Geithner to give details of the plan -- that's where Geithner got stung before -- but Geithner doesn't have them yet.

If the plan were not radical, Manzullo said to Geithner, "you would have answers to some of my questions, such as, what size business would be subject to this?" [link]

What an interesting conversation that was. Geithner has no answer for a representative that asked him about the administrations plan to seize private business if they see fit. At least some people are starting to get outraged finally. The government is going too far and they need to be sent a swift message.

Quote for the Day

“It is interesting to hear certain kinds of people insist that the citizen cannot fight the government. This would have been news to the men of Lexington and Concord, as well as the Mujahedeen in Afghanistan. The citizen most certainly can fight the government, and usually wins when he tries. Organized national armies are useful primarily for fighting against other organized national armies. When they try to fight against the people, they find themselves at a very serious disadvantage. If you will just look around at the state of the world today, you will see that the guerillero has the upper hand. Irregulars usually defeat regulars, providing they have the will. Such fighting is horrible to contemplate, but will continue to dominate brute strength.” --Col. Jeff Cooper