Saturday, January 16, 2010

Obama's War

Either I have a rich fantasy life or I can see exactly what’s going down between Obama and the banks. I was beginning to think he had his hand in their pockets like everyone else on the hill. Now I’m not so sure.

Maybe he’s waging a very methodical war.

He wants to tax the biggest banks. This would usually seem ridiculous but its populist appeal is undeniable.

Biden has already used it against Scott Brown in Massachusetts in an email that starts. “Yesterday, Scott Brown showed his true colors.”

The Republicans can’t seem like they’re on the side of the evil banks (they are, of course).

In spite of the billions in TARP money the banks got they still won’t ease lending to small businesses. Job creation and economic recovery can’t happen without it. Everyone knows our economic problems have nothing to do with small business loans. The banks are holding out to hurt Obama. They want to kill any thoughts of regulation. It doesn’t matter what happens to the rest of us.

Unfortunately these banks really are too big to fail without dragging us all down. To me this means they’re part of our economic infrastructure. They are part of our government. They should either be broken up into smaller pieces that can’t hurt us or nationalized!

I was beginning to think Obama was in cahoots with them with his pandering but maybe he was dealing with the reality of how truly powerful they are.

We have to find a way to lobby our representatives without money.

A lot of Americans think our national foundation is capitalism. It is not. We are a democratic/republic hybrid. We are about justice for all and the pursuit of happiness.

By the way, if Scott Brown wins in Massachusetts it will kill the health care fight. It would be an ironic gesture to Ted Kennedy that it should happen in his state.

All I can say is that the Democrats better have the balls to make the Republicans actually stand up and physically filibuster.


...Sharon said...

I totally agree. I started to fear Obama sipped some of that tainted kool-aid because he seemed to change directions. But it appears he's a very complex thinker who has a very confident way of handling things. This taxing the banks and then his most recent decision... the appointing George W. to help Haiti. That is poetic justice. On so many levels.

I have again become smitten with our President Obama.

Anonymous said...

It'd be great if you are right. Dede