Wm F Buckley said “A liberal is someone who wants to reach into your shower and adjust the water temperature.” In today’s political environment, timid soul that I am, I’m reluctant to step into the shower totally nude.
Their hand has not touched my faucet yet but I do see it reaching for my wallet. This time it is not to take some money. They are doing that already with taxes. It’s not about controlling on what it may be spent. They are doing that already from light bulbs to automobiles. This time they want to tell you how to invest it.
According to Investment News, Obama signed an Executive Order on Friday creating a council whose advice will decide which financial products are to be supported by the government. The council will consist of approximately 20 members, all appointed by the President. The Council will support “those products and services deemed beneficial to consumers”. Deemed not by you the investor, the one who earned it, the one who saved it, but as deemed by the government to be best for you.
If given a choice, I would prefer they just adjust the water temperature.
Bob B