April 29, 2010

Obama Shows His Marx

Via Hot Air comes Mark Levin, catching Barack Obama going off-teleprompter for a moment and letting his socialism slip out:

We're not, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy.

Previous leaders of our Republic have proudly boasted of this nation as a land where anyone can grow up to be anything they aspire to be with hard work and determination. Barack Obama is the first to attempt to saddle that dream and denounce that aspiration, saying "no, you've had enough."

What an arrogant, anti-American bastard we have saddled ourselves with as President.

And what shallow, easily-led fools were are for putting him there.

Posted by Confederate Yankee at April 29, 2010 02:01 PM

I have been waiting for this and knew it was coming. Now, lets carry to message to all sectors of our economy. Why is an actor allowed to make millions for a movie? Why are producers allowed to make millions for a movie? These people don't put in near the amount of work that I do daily. Yet my salary and benefits are limited by the government and have been since the 80's. What about Bill Gates and Buffet. These men have billions. Lets allow them $5 million. That is enough for anyone to live on. We can then take the rest and pay down the deficit or create and new social program. After all, these people pushed for the election of The One. They can now be expected to pay their share and share the restrictions that many of us have had to endure for decades.

Posted by: David at April 29, 2010 02:23 PM

O sez of money: "you can just keep on making it if you’re providing a good product or providing good service."

He says that's the American way. And nowhere has he pursued any policy whose aim is to reduce what people can earn. Pursuing policies whose aim is to stop banks from deliberately selling "shitty" products (Goldman Sach's word, not mine) is not about reducing people's ability to earn, any more than putting locks on your doors is about reducing thieves' ability to earn.

I know you guys are constantly on the lookout for the secret socialist code words that reveal the upcoming totalitarian takeover plan. But you gotta do better than this.

Posted by: beet at April 29, 2010 02:43 PM

We certainly know that if you exceed the level of "made enough money", you can and will be labelled as a "Fat Cat" and will be brought before Congress for a grilling. You must then justify your pay and compensation to Congress otherwise they will pass regulatory laws to make sure that you don't exceed their whim of how much is appropriate for you to be making.

You must prove to Congress that you "are providing a good product or good service" in order to continue to make money. Even if they agree with you, they will see your additional earnings as an additional revenue source and increase your taxes because a.)you can afford it, and b.) you should give more back to society.

If you disagree with them, you will be labelled as the greedy rich who are trying to avoid paying your fair share.

This is not the America my ancestors put together over seven generations ago.

Posted by: SouthernRoots at April 29, 2010 03:53 PM

I am sure that Milton Friedman said something which flat-out smacks down Dim Won Obama. Even better would be YouTube.

Posted by: DavidL at April 29, 2010 06:22 PM

Don't blame me. I didn't vote for him.

Posted by: Don, the Rebel without a Blog at April 29, 2010 10:22 PM

Beet, Goldman sold a bet on the market to a big German bank and to a big insurance company.
Those folks bet the subprime market would stay up. They also sold a bet the other way to a taker who thought the market would go down.

It is no different than letting people go to a bookie and make bets on the Chicago Cubs--now that's a "shitty" bet. Grow up. The players in this game did not show up on Wall Street and Broad in a sugar beet truck. But you of course probably go buy a ticket in your state lottery each week; now there's a truly "shitty" bet. You've got about the same odds of winning if you don't buy a ticket as the odds you have if you do buy a ticket.

Posted by: Mike at April 29, 2010 10:47 PM

GS did absolutlely nothing to bring about the world monetary collaspe. Sure they sold "shitty" stuff and I have bought "shitty" stuff, well knowing what other brokers thought of it. In a good market that is the stuff you want. It makes more money than the blue chips. The problem is that in a really bad market you loose. But if you can't stand the heat, don't get in the fire.

The monetary collaspe was a joint venture of Franks, Bush, Clinton and a few other beg wig Democrats as well as Fannie Mae and Freddie Mac. The current banks were called in when things got bad to try and use them to shore up the system. They did the job and now are the scape goat for the government. After all, you would never implicate the government policy as causeing such a problem. The current focus on Wall Street is smoke and mirrors.

Posted by: David at April 30, 2010 09:56 AM

This man has already exceeded his limit on income. Why don't we take all his future earnings and give them to me? Oh. I forgot. After his one term there is not a person of any intelligence who would hire him to manage anything. I wouldn't let him carry a tune in a bucket. He should just give up all the income he recieved last year (I can't say earned). I understand it was in the millions. What a two-face.

Posted by: Odins Acolyte at April 30, 2010 11:07 AM