(Hat tip to Tim Birdnow at Birdblog for this lead.)
President Obama showed his hand this week when The New York Times wrote that he is considering converting the stock the government owns in our country’s banks from preferred stock, which it now holds, to common stock.
This seemingly insignificant change is momentous. It means that the federal government will control all of the major banks and financial institutions in the nation. It means socialism.
The Times dutifully dressed up the Obama plan as a way to avoid asking Congress for more money for failing banks. But the implications of the proposal are obvious to anyone who cares to look.
So, if Obama gets away with this, it will mean that at a stroke of the pen the USA will have become a socialist country – no longer a democracy or republic as your founders envisioned it.
I’ve been watching since Obama has become President and have been appalled at just swiftly the USA is heading towards becoming a tyranny. It seems to me from reading around the blogs and the forums I visit that quite a few people are aware of whats happening but feel powerless to do anything about it. But we should, by prayer and actions that speak from repentance towards God. Most other actions done apart from that may be good from a purely human point of view but are still just a band aid without that spiritual dimension added. I mean, the whole reason your country, and the UK, and us here in Australia (all in the same sinking boat) are in such trouble is because we turned away from God in the first place. And to add to our judgement all our administrations are turning more and more against Israel, which is a sure road to full judgement from God. We need to be active in whatever way we can that may delay God’s judgement against us all, and in the end only repentance can do that.