The crescendo of Black Sunday is still ringing in our ears as we return to the routine of an outrage a day from Obama and his minions. Today we have a bonus, two outrages. It is only 6AM so there may be more. (No, I am not wearing pajamas.)
First, pay czar Ken Feinberg, the one who cut pay by 50% for executives at 7 companies last year, has announced he is now going to look at 419 corporations to see if any of their executives are being paid more than he thinks they should be paid. That is the kind of thing czars do.
I didn’t know we bailed out that many companies, or is it we no longer need an excuse to control private industry? Feingold does not have the power of law behind him, yet. But czars are enforcers of rule by fiat, laws are not required. Feingold has four means at his disposal, coercion, corruption, intimidation and polite requests. He may not use all four.
The second outrage is from Chris Dodd who is employing a scorched earth policy of burn what is still standing as you retreat. By now we all know that a sub-prime mortgage is a loan to someone with less than prime (euphemism for “bad”) credit. We also know tragedy struck when this house of cards fell, as one day it had to do. Who built this house of cards? The foundation was a bipartisan effort called the Community Revitalization Act. When it got out of hand Republicans blew a warning whistle but Democrats yelled, Higher! Higher!
The charge for more and more sub-primes was led by Chris Dodd, Barney Frank, Andrew Cuomo, facilitated by Fannie and Freddie with ACORN, Franklin Raines and Maxine Waters cheering it all on. That is until Raines was indicted and found guilty of fraud. To prevent this from happening again Dodd wants to re-structure the private sector. If that works I suggest we regulate the police department to stop criminals from repeating their crimes.
Bob B
RANDOM THOTS 