The US Constitution, Article I, Section 8, Clause 3 gives the power and responsibility to Congress as follows: “To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.”

The Clinton administration in 1999 supported the basic cause on the Wall Street failures we are now experiencing which actually permitted greed to prevail [i.e., AIG, Goldman Sachs and Lehman Brothers]. The law was the Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act. This is also the act which has fueled the engine of identity theft by appropriating your personal information and giving it free of charge to the entire financial services industry without your permission. This law recreated the Wall Street betting parlors which were previously outlawed in 1907.

The problem was worsened by Congressman Barney Frank and Senator Chris Dodd who blocked further regulation of Wall Street two years ago by allowing people who could not afford homes to buy them.

Basically, Congress completely failed to “regulate” commerce and actually permitted greed to prevail. You do not see the left wing media talking about these issues because they are in the tank for Barack Obama.

Barack Obama’s strategy is clear. Mobilize the left wing media to ignore any criticism of his agenda that will not serve to get him elected AND promise a tax cut to about 90% of the people who vote. This approach virtually purchases the election by promises of government entitlements to a vast voting block and clearly is a winning strategy to an ambivalent and superficial voter.

However, if Barack Obama is president, his tax increases to small businesses and the wealthy will result in decreasing or negative job growth because these are the people who create jobs. Our apparent recession economy will get worse and threaten a depression. He will select judicial nominees who will support his left wing agenda and somehow find in the Constitution some justification of such. Lastly, he hasn’t a clue how to be the Commander in Chief. As a result, other people who we did not elect will make these decisions for him.

“Marx argued that capitalism, like previous socioeconomic systems, will produce internal tensions which will lead to its destruction. Just as capitalism replaced feudalism, capitalism itself will be displaced by communism, a classless society which emerges after a transitional period—socialism—in which the state would be nothing else but the revolutionary dictatorship of the proletariat.” [see: http://en.wikipedia.org/wiki/Karl_Marx ]. Since 1776, Karl Marx has not prevailed in the USA and has been proven wrong over time many times.

Kay and Mike, please re-read the US Constitution and save this comment and get back to me in a in October 2009 if Barack Obama is elected. Then, one side should make an apology.

A mixed economy does not provide checks and balances, only an undermining of free markets and our liberties. What we are experiencing today is not capitalist greed but socialist excesses. Before you condemn capitalism, please do an exercise. Make a list of all the things you have that make your life easier and that are the products of capitalism. Start with the computer you composed your comment on. Include your car, wardrobe, cosmetics, refrigerator, etc, etc. When you have completed that list make a second one of all the things you have that are the products of socialism. Compare the two lists.

It was Karl Marx who said that socialism was the transition stage to communism, not me. I only pointed out that voting for a Marxist socialist for president is giving the green light to eventual communism.

Fear Tactic? Yes, I’m scared as hell because I love my country and I believe in our Constitution as our only defense against tyranny.

McCain is not my first choice either, but he is a far better choice than the alternative.

The prima facie evidence is ‘No’. You seem to be suffering from the usual problem – you willfully misunderstand things you are too lazy or complacent to read.

You can make a start here:

http://www.marxists.org/archive/marx/works/1867-c1/index.htm

with volume 1 which describes how surplus value is extracted from workers to form the basis of capital accumulation, and much else besides.

You probably prefer ignorance, though.