The Statists' Next Targets

Still in his first 100 days as president, B. Hussein Obama has moved to Socialize first the banks, then the entire financial industry, and now the automobile manufacturers and their warranties. What is next for this Statist agent of “Change”?

My prediction is that Obama will next move to nationalize two items: health care and private pensions. Obama will use the nationalization of the auto industry to do this.

The single biggest reason GM, Chrysler, and Ford are not profitable is the unreasonable employee expenses the manufacturers are saddled with by the United Auto Workers. The two most expensive components of this expense are the long term obligations associated with health care obligations (including for retirees) and their pension plans.

As part of Obama’s effort to make the US autoworkers lead the world in producing “clean cars” instead of cars consumers want to buy (see, for example, the F150), Obama will propose to “relieve” the auto manufacturers of these pension and health care obligations and nationalize the same. This will be the springboard to nationalize health care and pension plans for all citizens.

Hillary Clinton, who has had a weak performance as Secretary of State, will likely be named the first National Health Care Czar, a job she plainly would relish.

The Statists are on the (Long) March. Make no mistake in believing that the Transformative One will settle for nationalizing only the financial and car industries.