The regime of Barack Hussein Obama would have you believe that they care about the common American. He demagogues banks and Wall Street for political gain. The reality is that Obama and his regime are joined at the hip with Wall Street. Obama’s biggest supporters during the 2008 elections were Wall Street firms like Goldman Sachs and investors like George Soros and Warren Buffet. His populist rhetoric is all an act and his Wall Street reform bill doesn’t help the average American. In fact it hurts us by making us liable to perpetually bail out Wall Street firms. This is crony capitalism and Americans need to see through this deception.
Democrats are nervous. Really nervous. They would like nothing more than to turn the page on their health care takeover, taxpayer-funded bailouts, reckless spending, and exploding debt. In the face of fierce political headwinds, the party running Washington is making an effort to advance its ideology at all costs.
Financial regulatory reform, the thinking goes, provides Democrats an issue where the politics finally align with the Left’s policy preferences. Republicans, they believe, can be walked into a convenient political trap by opposing what Democrats call “Wall Street reform.” President Obama has mastered the art of bank populism, premised on class warfare, by tapping into powerful emotions of envy, anger, and fear.
From an ideological perspective, big government can combine with big business to advance a more progressivist society. For self-described “progressives,” the agenda is straightforward: expand government; co-opt big business; direct the capital markets from Washington to pursue “social justice.” Think Fannie and Freddie by much higher orders of magnitude.
Read the Rest: Wall Street “Reform” Just More Crony Capitalism
Rep. Paul Ryan (R-WI) is correct about what is occurring here. Big Business and Big Government go hand in hand. Many corporations like GE are Progressive and support the goals of the Regime. They benefit from government favors which gives them an advantage over small and medium businesses. This results in Americans not being able to pursue their dreams, lack of economic innovation and standard of living stagnation. The end result is Neo-Feudal system and a permanent class structure. This is the goal of Totalitarian Progressives and this Wall Street Reform Bill is just another step in that direction.
