Pres. Barack Obama wants federal control of companies deemed too large to fail.
Does the government really believe that they can do a better job?
Their only plan to get us out of this recession is to spend more money.
If you were trapped in debt and your accountant said there is only one way out; open up a few more credit card accounts and keep spending, would you take that advice?
Well apparently the Democratic Congress has.

Obama Wants Feds to Be Super Cops

WASHINGTON – The Federal Reserve could become the supercop for "too big to fail" companies capable of causing another financial meltdown under a proposal being seriously considered by the White House.

The Obama administration told industry officials on Friday that it was leaning toward making such a recommendation, according to officials who attended a private one-hour meeting between President Barack Obama's economic advisers and representatives from about a dozen banks, hedge funds and other financial groups.

Treasury Secretary Timothy Geithner and other officials made it clear they were not inclined to divide the job among various regulators as has been suggested by industry and some federal regulators. Geithner told the group that one organization needs to be held responsible for monitoring systemwide risk.

"Committees don't make decisions," said Geithner, according to one participant.

Committees don't make decisions?
Isn't that the purpose of our Congress?
Does Obama believe that without their hindrance that perhaps he could do a better job?
Haven't we heard this before?
Stalin would be proud.