Friday, September 10, 2010

No, I am not saying we're getting like Nazi Germany...

No, I am not saying we're getting like Nazi Germany here in the United States of America.  But there are some "initiatives" that remind me of some of the "initiatives" there, back then.

One is informing on your fellow citizen.  I think it immoral and undermining of respect for others when the government of the United States pays citizens to inform on other citizens.  This is part and parcel of the July, 2010, legislation entitled the Dodd-Frank/Obama U. S. financial services industry takeover bill, or something like that.

Ratting out others could reap as much as 30% of any recovered funds and penalties collected by the Obama Securities and Exchange Commission.  That could add up to huge paydays of millions, multi-millions of dollars.  This in addition to so-called whistleblower acts where an individual who successfully pursues a "Qui Tam" action is entitled to a bounty that ranges from between 15% to 30% of the government’s recovery.  (Qui tam is short for "qui tam pro domino regequam pro se ipso in hac parte sequitur", or "who pursues this action on our Lord the King’s behalf as well as his own", even though this law preceeds the present president.)  These, I think "stool pigeon" is the legal term, people are then protected from whatever the govenment thinks is "retribution" from their squealing, whether done in good faith or not.

The manifest consequences of these actions have been and will be more class-action and other lawsuits, enriching the Democrats' major source of campaign contributions, trial lawyers;  more unfounded charges and accusations intended to neuter competitors; and frivolosity simply to get back at hated fellow employees.  But most important it builds a current of distrust in America, where fellow citizens are to be watched closely and everyone must look out for one's own back.  This will add to the operating expenses of companies from litigation and legal and accounting protections as employees go to the government to score bucks rather than to company executives to solve problems.  

It is wrong.  It undermines basic trust in America.  Courtesy of the Democratic Party.

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