The shiny luster is beginning to fade off Barack Obama. The man who rode a huge wave of momentum and change is showing us how creepy that change can be. What has Barack Obama done with his presidential honeymoon period you ask? Spend billions to nationalize, take 90% of the bonuses that people legitimately earned because others in the company messed up, and now, he has fired a CEO of a private company. What’s next? Executions in the public square?
Ok well that won’t happen. But a media lynching from the President on down is just as bad as a public execution. A person can’t make a living if he/she has been singled out as a pariah and part of “what caused the mess.” Obama is doing exactly that. He’s singling out people be it in AIG, GM, etc. etc. It used to be that liberals were relentless in their war on profit. Turns out they’re even worse when they’re in power and everybody’s losing money.
Obama’s mark on the country is very fresh and yet it is quite a scarier place already. If you are a money-losing bank, insurance company or auto-maker, you’re in the President’s radar screen. He may be your president but he’s also your worst enemy.
When it comes to the companies that require bailouts, I say that necessity is the mother of invention. These companies will invent ways to stay in business because it’s their livelihood. They don’t need Obama to decide what money has to stay in their coffers and who among them should keep working.
These companies have the solutions but they go against everything Obama and his buddies have fought to get and retain for years. The solutions involve tearing down the union structures and eliminating the revolving door mortgage policy. And most of all getting government’s hands off their operations. Part of the solution also involves radically reducing corporate income tax rates.
Since these things go against what Obama stands for, he’s resorted to fascist tactics: singling out honest hard-working people in order to distort from real solutions.
It’s time to call him on it!
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