Posted on 01/26/2010 10:05:59 AM PST by Ed Hudgins
The Obama administration is launching a rabble-rousing assault on big banks. Thus we see on display in Washington another example of how ideas have an impetus of their own that drives those who hold them to predictable deeds. These acts need not be destructive, but in this case they definitely are.
Failing health
The attempt by the Democrats in Congress and the Obama administration to take over America’s health care system was derailed when the election of Republican Scott Brown as Massachusetts senator deprived the Democrats of a filibuster-proof majority. One reason for Brown’s victory was voters’ fears that the bloated, irresponsible, debt-ridden federal government would run doctors’ offices and hospitals like it does the Postal Service. Another reason was the sheer arrogant, sleazy, closed-door, bribe-ridden process of putting Obamacare together.
The day after House Speaker Nancy Pelosi announced that she didn’t have the votes to foist Obamacare on unwilling Americans—many in her own caucus understand that the Massachusetts revolt could place them in the ranks of the unemployed in the fall 2010 elections—President Obama launched his war on the banks. In doing so, Obama turned to the chief weapon—and frequent motivation—of the paternalist: envy.
The blame game
In 2009, as part of their plan to “save” the economy from collapse, Obama officials strong-armed many banks into taking federal loans that many did not want. Most banks paid those forced loans back, with interest, as fast as they could.
Yet after the failure of his health care takeover, Obama needed a new cause. So at a January 21 press conference he argued that the current economic crisis “began as a financial crisis, when banks and financial institutions took huge, reckless risks in pursuit of profit and massive bonuses.” No mention here, of course …
(Excerpt) Read more at atlassociety.org ...
Speaking of envy, see my tag.
Right on the mark!
No sale. The banks cannot take a trillion in baliout money, and then justify their bonses by stating that if the taxpayers want blood it is because of envy.
In fact, the administration did not launch a rabble rousing assault on banks. The public, sick of this nonsense, was ready to launch a rabble rousign assault on the WH and congress.
What else does a community organizer know how to do? Bear - woods thingy.
Thou shalt not covet. It’s one of the Ten.
Obama and the Dems fail on the “Thou shalt not steal” one also.
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