WHY, THE PORTFOLIO OF OUR PEOPLE'S REPUBLIC IS GROWING - AT 2:20 P.M. ET:  I know that all of us are so proud today to own a failing car company.  It's just what we always wanted.  And we know that, with Hillary Clinton and Joe Biden at his side, Barack Obama will do wonders for Buick.  You just know they have a feel for the road.

But why stop there?  The workers in our car company need a place to deposit their paychecks, don't they?  Why shouldn't we have a bank to go with our company?  You know, it's heartwarming to realize that others are thinking the same thing:

June 1 (Bloomberg) -- When financial stocks slumped in February to the lowest level in at least 17 years, U.S. Federal Reserve Chairman Ben S. Bernanke told Congress the government might end up owning “substantial” stakes in the country’s biggest banks.

Three months later, New York-based Citigroup Inc. may be the only large bank that has to accept his offer.

Oh, why not?  We're sports.

Citigroup was found by the Fed to need $93 billion more in common equity as of the end of 2008, the biggest gap among the 19 U.S. banks that underwent the stress tests.

Pocket money.  Loose change.  In the age of Obama, $93-bil is a tip. 

And while we're at it, let's use our imaginations.  What else would we like to own?  A hotel would be nice.  Maybe some department stores.  I think we should all write the White House, and wish upon a star. 

At the rate we're going, a star may be the only thing left that isn't under federal control.

This is the most serious transformation of the United States since the great Depression, and the American people seem utterly unaware of the danger to their freedom and independence.  Some media we have, ay?

June 1, 2009