I agree Obama is a radical. It’s the intricacies of a new tax code for corporations, the incredible mess that is the GM plan, combined with all the other systematic dismantling of our system that has me curious. To devise these plans requires a higher degree of economic knowledge than Obama has himself.
Not the way I see it. He has NO knowledge of economics. It's all about power and taxes. He sees an opportunity and uses it to raise taxes and therefore 'revenue'. He doesn't see taxes as a drain on the economy he only has eyes for the federal budget. Whatever feeds that is what he wants. He's using these disasters according to Emmanuel's "never let a disaster go to waste" theorem.
The more that corporations suffer the more control he wrests from them.
Also, remember a lot of these CEO's are FOR the bailouts and letting the govt control them. They are desperately looking for a way to dump their unfunded benefits like health care and pensions. I would bet most of them would take a half million dollars a year for the rest of their lives if they could simply not have to worry about stockholders anymore.
How do we turn the tide when the managers of these companies support what is happening?