Posted on 01/22/2010 9:02:46 AM PST by OldDeckHand
A prominent Republican senator said Thursday that President Obama is seeking to spark “class warfare” with increasingly populist rhetoric and a series of regulatory measures aimed at Wall Street.
“I think they think if they can create enough animosity toward Wall Street and corporate America, they get into this traditional sort of Democrat rhetoric and tap into the populist anger out there,” Sen. John Thune, South Dakota Republican, told The Daily Caller. “For Democrats to be successful they’ve got to create a sense of class warfare and an us versus them mindset.”
Obama on Thursday proposed new limits on banks’ ability to use certain types of capital for investment trading, arguing that the concentration of too much risk at individual financial institutions was what created the systemic “too big to fail” risk that almost torpedoed the economy in the fall of 2008.
The president has moved quickly in the last week — as voter discontent became clear in the Massachusetts special election — to position himself as a populist crusader on the side of the working class. He unveiled a “bank fee” last week to tax some of the largest financial institutions for as much as $117 billion over the next 10 years, to repay funds from the $700 billion bailout that have not been paid back by U.S. automakers, along with Fannie Mae and Freddie Mac.
Obama on Friday will make a trip to a hard-hit Ohio country to talk to residents about job creation and how to improve the economy.
(Excerpt) Read more at dailycaller.com ...
We've been lucky to some degree because Obama and his minions are so politically inept, they haven't been able to figure out how to harness that anger for their own agenda. If they do, watch out. Populism is the enemy of conservatism, it always has been and it always will be.
The Communist Revolution is faltering. They7 had to come out from behind the trees and now make really good targets.
He is declaring war on capital.... which means the employers are going to dry up.
It also means any middle aged, middle class people with savings are going to get wiped out.
Great joy! (ignorant bastard).
How to destroy America in three easy steps.... by Barrak Obama
Just below this posting is one dealing with Obama attacking the energy industries
http://www.freerepublic.com/focus/f-news/2434810/posts
Jimmy Carter tried to do a lot of this in his term. The internet did not exist then. We can thwart Obama using the internet to get the truth out.
The bipartisan president bringing us closer together. /s
AND, as the USSC threw out McCain-Feingold, meaning business doesn't have to suck up to Obama and the "Obamacrats* anymore.
* Obamacrats: We have the "blue dog" Democrats, how about using "Obamacrats" for the rest of them, i.e. the kool aid drinkers? The Obamacrats would be the high priority election targets, along with RINOs, for the Tea Party people.
I wish them lots of luck. If it comes down to anything physical they’ve already lost.
We “rich” folks are primarily spread far and wide across flyover country. His poor oppressed supporters are heavily concentrated in the cities. Seal the roads out of those cities and its game over.
We can have massive barbecues within sight of the starving cities.
Ofcourse he does.
Even his idot braindead syncophants at KasKids are trying to start ttrouble.
But hey next thing we will find out is that Charlie Manson is an Obama advisor. (blacks and whites fight each other ..blacks win...but need Charlie to run the Country for them)
Do you think Senator??? What gave you the first clue.
Obumble said in an interview (On YouTube - circa 2001) that the constitution was “fundamentally flawed” and that the SCOTUS should rule for a better allocation of wealth (not work, of course). Do the Repub’s have anyone the can do a better job of vetting???
Send him the FreeRepublic link!
geez... nothing gets by these guys... he’s only been pushing this since joe the plumber
LEST WE FORGET, GOVERNMENT IS BAD FOR BUSINESS. KEEP GOVERNMENT OUT OF THE PRIVATE SECTOR. THINGS WERE GOING ALONG FAIRLY WELL BEFORE BARNEY FRANK AND CHRIS DODD GOT INTO IT WITH SUBPRIME LOAN DEMANDS ON THE BANKS. CAPITALISM IS GOOD. BIG GOVERMENT BAD BECAUSE SOCIALISM IS SUICIDE AND COMMUNISM DOES NOT WORK!
That he refuses to do anything to reign in his cronies at Freddie and Fanny indicate this is more meaningless election year propaganda
Welcome, fellow kulak!
Those silly ‘progressives’ never will learn how to create value.
The motto for the small business owners I know is:
‘if you don’t make it,
they can’t take it!’
Wall St. banks like Goldman Sachs have been in bed with the Dems and Chucky Schumer for years. The restoration of Glass-Segal is a must, IMO.
As pointed out by MNJ, even this wouldn't have caused the major problem we got if the FM's had not bought the toxic loans from the banks so that the banks could continue to make them and keep the toxic flow going.
I think, too, that we have to distinguish between the regular banks and banks like GS, Lehman, etc. who put together the toxic derivatives in huge quantities. Finally, even this wouldn't have gone very far if AIG hadn't stupidly sold insurance on the toxic crap.
It worked for Adolph.
I CANNOT PRETEND TO UNDERSTAND WHAT THE BIG BANKS WERE DOING OR WHY. . BEST TO KEEP OUR MONEY IN COMMUNITY BANKS I THINK.
The problem is that the community banks are not ‘too big to fail’. However, FDIC is keeping community-bank depositors whole, when they close.
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