Every American needs to understand that the left is not simply attempting to “reform” our institutions: it is swiftly transforming America from a capitalist democracy into a Marxist totalitarian state. Only a complete repudiation at the polls will stop them.

By Jeffrey Folks at American Thinker

EXCERPTS:

‘The August 25 vote by the Security and Exchange Commission to allow large shareholders access to proxy nominations for board members is a perfect example. In effect, the new regulation encourages environmentalist and human rights groups, as well as institutional investors, labor unions, and hedge funds, to nominate their own representatives for corporate boards. If elected, many of these board members would promote activist agendas that conflict with the interests of the stockholders. Instead of voting to maximize profits, such representatives would support narrow ideological goals.’

‘Perhaps this is the intention of the SEC in passing the proxy ruling. After all, liberal Democrats have been trying for decades to seize the profits of the more successful American corporations. The Carter “windfall profits tax” was just one such attempt. The long-running Clinton-era lawsuit against Microsoft was another. In 2007 Hillary Clinton famously screeched that she’d “like to seize the profits of Exxon Mobil” and redistribute them to alternative energy companies. Now not even Google is safe.’

‘The truth is that the current administration is not really interested in creating jobs, nor is it interested in promoting economic growth or the corporate profits upon which growth depends. The Obama administration is dominated by leftist ideologues whose obsession is regulation of the private sector. The ideologues who now manage the EPA, FTC, FCC, and SEC are guided by a single purpose: to establish state control of the entire U.S. economy, and to do so at whatever cost to the American people. In order to achieve this goal, they are willing to accept a 17% real unemployment rate as the “new normal.” They are willing to see foreign competitors, China in particular, overtake American leadership in the technology, healthcare, and energy sectors. They are not just willing to accept the decline of American power, they are intent on bringing it about.’

‘Every American needs to understand that the left is not simply attempting to “reform” our institutions: it is swiftly transforming America from a capitalist democracy into a Marxist totalitarian state. Only a complete repudiation at the polls will stop them.’

FULL STORY

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