By John W. Lillpop
Once again, President Obama is proposing a massive new layer of federal regulation that would grant even more power to inept and corrupt government bureaucracies, the ones that exist solely to obstruct private enterprise.
At issue is the so-called Wall Street reform legislation that is being considered in the hallowed halls of Congress with considerable prodding from the naïve community organizer now occupying the Oval Office.
As reported at cnn.money.com, in part (1) Obama said the following:
"I believe in the power of the free market," Obama said in a speech at Cooper Union, not far from the New York Stock Exchange. "But a free market was never meant to be a free license to take whatever you can get, however you can get it."
“Obama said the lesson of the recent financial crash, which sparked a deep recession that claimed over 8 million jobs, is that reform is needed to prevent repeating the mistakes of the past.
“Without reform, Obama said, "our house will continue to sit on shifting sands, leaving our families, businesses and the global economy vulnerable to future crises."
Of course, there is a remote chance that Obama is finally right about something after dismal failures on the economy, unemployment, health care, foreign policy and the federal deficit.
However, Obama is completely “misguided” about the type of reform that is needed to fix Wall Street.
Rather than deploying the Marxist hand of big government against entrepreneurs who actually work for a living, Obama would be better served by looking over the shoulders of sex-starved toads at the SEC who while away the hours surfing for porn.
Indeed, while SEC porn freaks use government computers and time to stimulate their carnal fantasies, bozos like Bernie Madoff execute Ponzi Schemes worth $50 billion dollars.
Come on, Mr. President!
Think outside the box of progressive “regulate and tax” dogma, which always results in calamity.
In terms so simple that even a community organizer from Kenya should be able to understand, why not give porn filters a chance?
(1)
http://money.cnn.com/2010/04/22/news/economy/Obama_Wall_Street_reform/index.htm?cnn=yes&hpt=Sbin
