After learning of the President's plan to have the government quasi nationalize private banks in America by purchasing 250 billion in stock, I began to think about the implications of such a direction.

It could lead to the eventual privatization of Social Security and Medicare to save them from implosion.

Never mind that the President's plan violates the free market principles that our nation was founded on, is apparently be paid for by not selling T-bills, but rather the hyper inflationary practice of printing money and leaves open the possiblility that it wouldnt be temporary but permanent government ownership of banks, but indeed it actually undermines the arguments against privatizing social security.

Consider this: if the logic for purchasing stock in banks is that we have a crisis that government must fix by buying stock (that could end up worthless), then why cant that same logic be applied to the much more serious, coming crisis in Medicare and Social Security? After all, isnt that the objection that we hear constatntly from the left about why investing Social Security funds or Medicare funds in the market to get better returns is a bad idea? The left says we cant risk putting those fundes into the market because the stock prices might go down? Yet, it is ok to buy stock in banks that might go belly up in the future?

Can you say hypocrisy?

Truly, this undermines the left's arguments considerably and sets a precendent that they will have a difficult time objecting to in the future. There might be a silver lining in the dark clouds of socialism after all.