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To: Oldeconomybuyer

They’ve been demonizing corporate leaders for some time now. Now that demonization is allowing Obama the space to force his will on corporations.

Last year Paulson called in a number of large banks and forced them to take bail-out funds. In some instances those banks didn’t want them. They were given them anyway.

Now Obama comes along and makes the case that since the federal government has bailed entities out, it should have a say in their operations.

You’ve got to love the beauty of the way both parties job the system.

1. You pass bills that demand lending institutions make loans to people who can’t pay them back
2. The president signs on the dotted line (”Here, did you get your pen...)
3. The attorney general of the United States takes one corporation to court to enforce the new law, stating other heads will roll
4. Pretty much all lending institutions fall in line, providing these suicidal loans
5. Lending institutions recognize how bad the loans are, so they bundle the paper and sell it to others
6. Sooner or later, the ponzi scheme folds
7. The government expresses shock, “How could this happen? The executives of these entities are crooks!”
8. The government jumps in to bail out, taking trillions of taxpayer money, and the printing presses on full speed, to accomplish it
9. The government then states that it has been noble to bail out these lending institutions, then forces it’s will on them
10. When business can’t borrow money, the government blames them for mismanagement too
11. The government bails them out
12. Then the government talks about their mismanagement, as if any business could withstand 45% of their customers being too afraid to spend money

This is the government’s twelve step program. Note there wasn’t any criticism of who caused all this mess, namely the Congress and Presidency of the United States.

And the damage is global. The new power is invigorating...

And of course there’s always the fact that both political party’s members will blame the other for the mess.

And so it goes, those who ——ed us, walking off into the sunset, another job well done.


21 posted on 02/04/2009 11:39:44 AM PST by DoughtyOne (D1: Home of the golden tag line: FBI cuts off CAIR for contact with Hamas, Obama wants to talk to.)
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To: DoughtyOne
And so it goes, those who ——ed us, walking off into the sunset, another job well done.

And they haven't even started on socialized medicine yet....

23 posted on 02/04/2009 11:41:26 AM PST by jersey117
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To: DoughtyOne

Bump #21.


25 posted on 02/04/2009 11:42:26 AM PST by Oldeconomybuyer (The democRATS are near the tipping point.)
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