Posted on 09/22/2009 2:24:37 AM PDT by Scanian
Even as President Obama vowed last week that he's "a strong believer" in the free market, he and his DC pals were moving to undermine it.
The most troubling sign: The Wall Street Journal's story about a Federal Reserve plan to play a role in setting pay for tens of thousands of bank workers nationwide.
That alone makes hair stand on end.
But Americans might have shuddered -- or scratched their heads, anyway -- even as Obama was giving his big speech on the need for financial regulation. "We've worked closely with leaders in the Senate and the House," the president said -- singling out his "good friend" Mass. Rep. Barney Frank and Conn. Sen. Chris Dodd. "And we intend to pass regulatory reform through Congress."
(Excerpt) Read more at nypost.com ...
I thought Bubba could tell a lie, but Zero has him beat. Every word out of Obama’s mouth is a lie, including the words “and” and “the”.
“what does it say about Obama’s free-market love when the government is looking to take over health care, and has already swept up the financial and auto markets — and seems to be just getting started?”
Actions speak louder than words. The reason Obama is adored in Congress is that he has a keen appreciation of and great experience with The Chicago Way. It’s all about “pay-to-play:” the more of the economy placed under government’s thumb, the bigger the slices of pie handed to people like Frank and Dodd to ensure that government regulation is conducted in a fashion most favorable to those willing to offer up the most pie.
The global financial cronies who are "too big to fail" don't really believe that the "free market" applies to them anyway.... so what's the problem?
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