During the ABC network special on 22 December, President Obama was asked if he and his family would give up their current health care program and join his new health care reform program that the rest of us would be forced to be on. Obama ignored the question.  A number of senators have been asked the same question and the only response was they’d think about it. Yet on 23 December, it was announced that the “Kennedy Health Care Bill” was written into the new health care reform ensuring that congress would be 100% exempt!

Whatever happened to the 28^th amendment of our Constitution which says “Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators or Representatives, and Congress shall make no law that applies to the Senators or Representatives that does not apply equally to the citizens of the United States.”

So, this great government health care “reform” is good for us lowly citizens while the Washington elitists keep their gold plated health plan that none of us can match! This is the height of all arrogance and hypocrisy as Obama and Congress ram this idiotic health care bill and higher taxes down our throats. I can only accept universal health care if it extends to everyone! Adding insult to injury,  you watch, all federal workers will most likely be exempt from this monstrosity as well thereby further ridiculing and alienating the American “slave”.  We must stop this debacle as soon as possible!

Also, have you noticed the buried sections (1109 & 1604) in the Obama administration’s mammoth Wall Street “reform” bill? In essence, these provisions will let the executive branch enact even bigger, more unregulated bailouts than ever with no oversight or executive compensation constraints, but only to the behemoths of Wall Street (who make the biggest campaign contributions). If this isn’t bad enough, there would be no limit to the Secretary of Treasury’s check-writing authority (TARP limited him to 2 years and $700B). My suspicious mind tells me that this is in preparation for the eventual fallout of over $600T of bad derivatives that will hit Wall Street. Talk about socialism?

If you know your American history, the above should not surprise you. The Federal Reserve System created in 1913 a national cartel dominated by the largest banks (that now include the behemoths of Wall Street). The primary objective of that cartel was to involve the federal government as an agent for shifting the inevitable losses from the owners of those banks to the taxpayers and that is exactly what is happening today and will continue if that “Wall Street Reform” bill passes.  The reason for this is because government regulations are designed and created by the very businesses that are being regulated. That’s why all the big multi-national corporations never suffer and every adverse financial consequence is shifted to the free enterprise system where small business creates at minimum 7 out of every 10 jobs.

Let me tell you where this runaway push to socialism will get us – a “national” Detroit! For 50 years, Detroit has been the leftist socialists’ model of policy. Overrun by leftist mayors for 50 years who cater to the UAW and Teachers Union has produced unemployment of 20%, an average home price of $5700, and high school graduates representing only 25% of their class in spite of Detroit spending supposedly $11000 per student when, in fact, the money stays at the top bureaucratic levels thanks to the Teachers Union. This entire entitlement mentality has produced a better chance of a high schooled kid going to prison than graduating. The city has literally been brought to their knees by socialistic government policies, unions, bailouts and entitlements. Do you want that for the rest of America?

Only one good thing will come out of this mess for those people who are financially well informed, who know how money operates and therefore know where and when to invest. The other Great Depression produced more millionaires than at any time in our history; this one will too! In fact, it will produce the greatest wealth transfer this country has ever seen (this has nothing to do with baby boomers dying off). In spite of the fact that most Americans suffer from a deplorable lack of practical financial education and knowledge because it is not taught in our schools including masters’ degrees in business and finance, I just hope you know how to grab your share.