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
John
W. Lillpop
Marions space 