[Alberta's Child]

Congress isn't really the problem here for an administration that might be hell-bent on implementing something like this. Obama couldn't do this even if Congress were filled with Marxists who had every intention of supporting this.

The biggest obstacle to this would be Wall Street itself -- which pretty much owns Congress and the White House anyway. Institutional investors and mutual funds -- many of which are dominated by tax-deferred accounts like IRAs and 401(k) plans -- would stop investing in corporate America completely. There's no way in hell these CEOs would allow this to happen.

[palmer]

That’s true. Wall St especially owns the Senate so it would be hard to pass there even with crypto-marxists like Warren up there. I think Obama and the Senate will pick some other issue (like tax hikes) to ram through the House.