No, leave that aside for the nonce, and let's pretend that the most important thing in the world, far more interesting than stupid concepts like the rule of law, is saving unions. What do you think this is going to do to the supply of credit for industries with powerful unions?
h/t Instapundit.
It doesn't matter. These are the kinds of smoke and mirrors distractions that fascists create. Unions will be thrown under the bus, all the while every action will make it appear that they are a valued constituency. The goal is not to protect the unions or the worker. They're pawns and have been in every coup, by every tyrannical government in history. The goal is to control publicly traded companies, and to destroy them, parceling out their assets, replaced by government-owned and government-run Blithe Spirits of their former selves.
Eventually, as more and more stockholders and creditors are stripped of their legal rights and their property, fewer investors, vendors, and creditors will do business with publicly-traded and government-controlled industries. This will cause their mutual collapse or the goods and services these companies offered will be holistically nationalized, deemed as too critical to fail, accelerating their private owned counterpart collapse. This will allow a complete reform and redefinition of publicly traded. They will become government traded, and government owned and the DOW Jones will become a thing of history. Citizens will receive the government-equivalent of a prospectus with our IRS bill each year, with valuations of our government-owned, equally-shared distributions calculated by government accountants, and taxed, even though we are prevented from selling or cashing-in on what we own. Greater and tighter restrictions, as well as higher fees, licenses, and taxes will be placed on private businesses, making it impossible for them to compete with government megaliths. They will fail.
Imagine a world where every business interchange is like that of the DMV, with long lines, short and inconvenient business hours, rude and inefficient staff, and complaints disregarded. Make too much of a fuss and there will be Federal statues where you can be arrested, zones where it is deemed too dangerous to bring in your cell phones with cameras, such as the IRS today, where you can be thrown out for talking in the waiting room, and where you are denied the ability to bring in your cell phone, laptop, or any other device where you might record the goings on under threat of Felony charges, and where there is no remediation, no recourse, and no guarantee of product or service quality, or of fairness: We are the government and we don't have arbitration.
While we're quibbling about the details we miss the big picture: The federal government has violated its constitutional limits and has used taxpayer money to buy up shares in industry. It doesn't matter the terms, or who is getting a bigger piece of the loot, or which administration started it. What matters is that the government has no authority to be there in the first place. Debating or discussing what they do after they are there is too little, too late.
We've allowed it to happen because we've spent a lifetime being harangued and manipulated into believing that shareholders have too much money, lest they wouldn't be making an investment in the first place. Creditors are synonymous with greedy mortgage lenders of the past, calling their loans at the first late payment. Those who have money, made money, are the enemy, and the spoils of the culture war will be meted out by government regulators on behalf of We, The People-public owners.
The meek, the angry and embittered masses have staged a coup d'etat and what remains is the showy feeding frenzy.
The response from the public has been a yawn, where the details rather than the action itself have been debated. We have not spoken in one voice, horrified by the illegal action of our government. Instead, we have a small section of future victims shouting against the action, vilified by the press as tea baggers, and the vast majority are too bored to notice, too stupid to care, or have become a jeering fan club of the Federal Gladiators.
It is bread and circuses and rather than questioning if there should even be a tax-payer funded coliseum where these battles ensue, we politely debate if our section of the seats are close enough to the action, or if some other group got more and better bread.
That page is now before me, and on mine
His country's ruin added to the mass
Of perish'd states he mourn'd in their decline,
And I in desolation: all that was
Of then destruction is; and now, alas!
Rome -- Rome imperial, bows her to the storm,
In the same dust and blackness, and we pass
The skeleton of her Titanic form,
Wrecks of another world, whose ashes still are warm.- Lord Byron, Childe Harold's Pilgrimage, Canto IV: XLVI
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