Thomas Jefferson letter to William Ludlow — 1824: “I think we have more machinery of government than is necessary, too many parasites living on the labor of the industrious.” S&P Gets the Pitchfork Treatment: By Andrew C. McCarthy - The Obama administration retaliates with a fraud suit . . . or is it a fraudulent suit? A dour President Obama was in no mood to hear about Wall Street’s troubles. “My administration is the only thing between you and the pitchforks,” he warned a room full of the nation’s banking titans. They’d been summoned to the White House woodshed over what Dear Leader had decided was excessive compensation for industry execs. The president had been on the job for less than three months, but his community-organizer roots were already showing: the fraudulent narrative — in this instance, “income inequality” — helped along by whatever arm-twisting the occasion required. The narrative camouflages execution of the statist game-plan: (1) government creates problem, (2) government locates scapegoat, and (3) government exploits scapegoat to juxtapose itself as savior — rationalizing more regulation and more power. The pitchfork imagery leapt to mind this week because Timothy Geithner, Obama’s tax-challenged former Treasury secretary, was back in the news — specifically, the extortion news. Turbo Tim had been in the room back in 2009, absorbing the boss’s lesson in Alinsky-style government-corporate relations. Now we learn, at least according to Standard & Poor’s top honcho, that Geithner made the Obama method his own. … NRO [There are few redeeming qualities I can see in our President. He is divisive and dishonest in addition to being wrong about nearly every public policy for my perspective. He instinct at every opportunity is to stoke the flames of class warfare as he implements policies that harm those he insists he is trying to protect.]
Posted on: Tue, 28 Jan 2014 06:23:22 +0000
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