Disproving any delusions that Obama/Dems don't want utter and complete control of America's economy, ala fascism (look up the definition, but ignore ones that focus on military dictatorship, as opposed to state control of the private sector), we have a House bill to do just that--control every aspect of the financial sector of America: (via Hugh Hewitt)
"The primary purpose for writing is to raise alarms about the administrations efforts to enact the Consumer Financial Protection Agency (CFPA) (H.R. 3126). This is another effort by Obama to take control of a significant portion of the economy. This bill not only covers banks but also tax preparers, credit card companies, title insurers, mortgage companies, financial advisors, data processors of financial information, credit bureaus, and any other activity that the agency defines as a financial activity to be covered by the act! ...
"If enacted, the CFPA would severely harm financial providers and consumers. The agency would be controlled by five appointees, one of whom is head of the national bank regulator. There is no real check or balance on the others (Warren is likely to be the Chairman). The agency would have sole authority to make and interpret regulations under existing consumer finance and fair lending laws. The agency would have broad examination and information gather authority. The CFPA would ban mandatory arbitration clauses. ...
Read the rest, and be afraid, be very afraid: http://hughhewitt.townhall.com/blog/g/709c911e-ef66-4ead-a803-acea7876f592
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