Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Thursday, March 18, 2010

Do you know the price of a coup d'état?

I am noticing a trend in the headlines these days......regulating authority after regulating authority continually making larger and bolder power grabs. I have written about the NHTS, the FCC with Net Neutrality, and even the new Consumer Financial Protection Agency-all of which are nothing more than carefully crafted, poorly masked coup d'état, all under the guise of making lives of the American people better. Gee, thanks.......

It turns out a little discussed part of the Consumer Financial Protection Agency implementation, and the changes to the FTC that are a part of that, are greatly expanded powers for the Federal Trade Commission.
The commission, which has power only over non-depository institutions, like non-bank lenders and debt collectors, has been criticized for years for weak regulation.

As part of its effort to revamp financial regulations, the Obama administration backs boosting the power of the commission.

“The current rulemaking procedures … are complex, cumbersome and time-consuming, resulting in rulemaking proceedings lasting many years,” Jon Leibowitz, chairman of the FTC, said in February. The commission said the process of writing rules has sometimes taken eight to 10 years.
As usual, we are getting no concrete facts as to why they need these expanded powers or what they will do with them once they have been so ordained. Essentially they would like more powers to be more powerful and enact their dictatorial rule faster....possibly at the speed of light. I cannot write often enough how scary these power grabs are. It is imperative folks understand what is happening to our country.

Just remember as they make our lives better and foist their will on us, they erode your freedoms further and further. Once those freedoms are gone we may never get them back and if we do the price we will pay could be exponentially high. Don't ever forget what it took to get them in the first place.