The Political Inquirer

The final straw came today when the SEC Chairman (who John McCain rightly thinks should be fired) banned short selling this morning in the financial sector.  In other words, investors are not allowed to weigh in on the raging stupidity of the upper management of the banks and investment houses.  The appalling decisions of these fat cats, unmatched even by the extreme incompetence of the federal government, will not be punished in the marketplace.  The government has ordained success, which means failure and complete collapse is assured, though postponed for the moment.

“But the relaxed regulation of the SEC has led to abuses of short selling that have destroyed many, many companies.”

I have news for Mr. Paulson and Mr. Cox; that kind of activity used to be called Free Enterprise!  Myself, I’ve never participated in it, but should have.

This is the final destruction of Western capitalism as we know it.  The center of capitalism now moves East, ironically centered in a country whose government- in every other aspect- is a Communist regime.  And this destruction has occurred at the hands of a so-called ‘conservative’. Michelle Malkin is just as disgusted.

On a side note, it is interesting to note how the Imperial News Media is talking about how the ‘federal government’ is doing all of these bailouts.  Only one-third of the federal government is involved here, the third the  News Media types normally refer to as ‘the Bush administration.  By using the term ‘the federal government’ they are acknowledging their support for this action; not surprising, since most of the media has socialist tendencies.

Not that either presidential candidate is much of an improvement, since even McCain wants more regualtions.  Still, he’d be better than Obasma, whose key financial advisor used to run Fannie Mae and did so badly.  That’s like getting navigational advice from the captain of the Titanic.