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Name: Gnostic Paladin
Location: Jefferson City, MO
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The Silver Lining of FOCA

  

President of the United States Barack Obama has already promised to sign FOCA into law as soon as it hits his desk—and it’s well on its way already. There are a lot of potentially harmful consequences of this bill, from the potential harvesting of fetuses now classified as non-human to the closing (not selling; CLOSING) of all Catholic-owned hospitals in the United States as a matter of conscience. However, I have read the bill and discovered a potential silver lining in this storm-cloud that I have yet to hear anyone else discuss. 

Here is the opening of the FOCA:

 Congress finds the following:

(1) The United States was founded on the principles of individual liberty, personal privacy, and equality. Such principles ensure that each individual is free to make the most intimate decisions free from governmental interference and discrimination.

Note that this will be a law which requires Congress to recognize the primacy of “intimate individual liberty.” That means that, by the standards of our Democrat-run Congress, many of the laws passed by the “progressive” movement have foisted on the American public can no longer stand: from government mandates on what you can eat to where you can smoke. Laws interfering with the free use of privately owned firearms; the free expression of religion; even nationalized healthcare could be legally battled by this bill, given that nationalized healthcare requires government intervention in personal lifestyle.

Personally, I hope that through some Divine intervention, this bill never becomes law. However, if (and yes, when) Barack Obama DOES sign it into law, I hope that libertarians and conservatives have the wherewithal to use the ammunition that the liberals have handed them.

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On the Economy

Nobody seems to be able to figure out why the stock market keeps plummeting despite the warm, fluffy wad of socialism that was just signed into law.  Let me propose the following: the insolvent businesses are banks and insurance agencies.  Two of the largest owners of stock are banks and insurance companies.  If the banks and insurance companies are selling their interests to remain solvent, the market will be driven down, regardless of the confidence of individual investors.  The bailout could not affect the market this week even if it were a good decision--and socialism never is--and even if it had already been implemented, because the huge amount of shares held by these financial entities are simply to ponderous to move in and out of the market quickly.
Wise investors will see this as buying opportunity, and will make a LOT of money when the stock market recovers.  And it should be kept in mind that the market will recover; the only question is how long it will take.  It is unfortunate that people who are most concerned with the economy are tending to lean toward Obama...  It should be remembered that the current crisis is not the product of "eight years of Bush mismanagement;" the economy was actually moving quite well until the Congressional election, when the Democrats took control of Congress. 
It is Congress that has the most direct control of the economy, after all, and Barack Obama with a filibuster-proof Democrat Congress will take every opportunity to nationalize businesses and raise taxes.  This will lead to job loss, revenue loss, expenditure increase, and a host of other troubles which will slow down economic recovery.
Tags: economy  
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