Are Bankers Government-Owned Now?

I heard yesterday that Obama plans to force banks to reduce or eliminate mortgage payments for unemployed borrowers to 31% of their income. They will also be forced to forgive portions of loans for homes that are underwater, or owe more than the home is worth. This program would be financed through TARP. Can someone explain to me how Obama has the authority to interfere with private business contracts? Does he have the authority to use TARP funds for this purpose? I'm still scratching my head wondering where Obama got the authority to steal stock from auto company preferred stock holders and give it to the unions last year. Do contracts have no weight anymore in America? Am I paying your mortgage? In hard times is the government empowered to force private business to provide charity? Are bankers free? Or are they now slaves to the state.
Hat Tip Gateway Pundit.

Your kids will be silenced

This is in the language of HR 1388, which passed the house last week and goes up for a senate vote tonight, Monday, March 23, 2009.

I found this blog comment today by Denny:
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Look as SUBTITLE C, SECTION 1304, which amends SECTION 125 of USC 12575!!!

This section PROHIBITS the suckers stuck in "an approved national service position" from, among other things:

1. ATTEMPTING TO INFLUENCE LEGISLATION
2. ORGANIZING OR ENGAGING IN PROTESTS, PETITIONS, BOYCOTTS, OR STRIKES
3. ASSISTING, PROMOTING, OR DETERRING UNION ORGANIZING
5. ENGAGING IN PARTISAN POLITICAL ACTIVITIES, OR OTHER ACTIVITIES DESIGNED TO INFLUENCE THE OUTCOME OF AN ELECTION TO ANY PUBLIC OFFICE
6. PARTICIPATING IN, OR ENDORSING, EVENTS OR ACTIVITIES THAT ARE LIKELY TO INCLUDE ADVOCACY FOR OR AGAINST POLITICAL PARTIES, POLITICAL PLATFORMS, POLITICAL CANDIDATES, PROPOSED LEGISLATION OR ELECTED OFFICIALS
(7) Engaging in religious instruction, conducting worship services, providing instruction as part of a program that includes mandatory religious instruction or worship, constructing or operating facilities devoted to religious instruction or worship, maintaining facilities primarily or inherently devoted to religious instruction or worship, or engaging in any form of religious proselytism.

Guys and Gals, this is SERIOUS MARXISM!!! CALL YOUR SENATOR TODAY AND DEMAND THEY VOTE AGAINST THIS VIOLATION OF ALL FIRST AMENDMENT RIGHTS!

GOT OUT THE CALLS! JAM THEIR LINES! FLOOD THEIR FAXES. CRASH THEIR EMAIL SERVERS.

THIS IS AN OUTRAGE! THIS IS COMMUNISM WAITING TO HAPPEN. WHAT IS NEXT? OBAMA'S THUG CORPS IN THE STREETS HELPING YOU FILL OUT YOUR NEXT PRESIDENTIAL BALLOT???
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I already emailed my senators from CA. Please contact your senators and their staff TODAY. Help protect our children.

Hands off my kids!

Can this be true? Did the house just pass legislation (HR1388) that authorizes *mandatory* volunteerism for American children? They would be grouped together in camps, I mean campuses? I thought President Abraham Lincoln abolished slavery.

The Bill:
http://www.govtrack.us/congress/billtext.xpd?bill=h111-1388

http://albanysinsanity.wnymedia.net/blogs/2009/03/20/house-passes-mandatory-national-service-bill/