- The Washington Times - Wednesday, April 28, 2010

ANALYSIS/OPINION:

President Obama’s push for a financial overhaul of the United States is yet another goal of his grow-government, anti-free-market agenda to take over the lives of the people under his protection (“Dodd pushes to get bill on derivatives to floor,” Nation, Thursday).

Indeed, this, along with health care, welfare, housing and Environmental Protection Agency control of energy, water and the environment, is simply a fast and furious scheme to force protection upon us whether we like it or not.

To pay for it, this president and Congress undoubtedly will pass a value-added tax (VAT) on all goods and services, which will cause hyperinflation and reduce us to a giant underclass.

As if America were not steeped in enough fear, anxiety and uncertainty, there is a real danger of Mr. Obama reducing and compromising our defenses, forcing the American people to take on enormous debt, risking a total market collapse, making us vulnerable to further terrorist attacks and generally using the economic crisis to enhance the power of his office.

DANIEL B. JEFFS

Apple Valley, Calif.

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