Pharaoh Obama and Lord Geithner are laying down the law to credit card companies today. Conform or be destroyed. Herman Cain calls in micro-meddling. It's a cute term, but this kind of interference is far more dangerous, and Obama's threats are far more ominous, than that term implies.
As with most things that are going wrong with America today that Obama is making worse, Bush started it. Apparently Bush Treasury Sec. Paulson, at the request of Fed Chairman Bernanke, threatened the head of Bank of America to take over Merrill Lynch or the government would replace the bank's board and management. The government does not have that power, and if this is true, Paulson and Bernanke should be prosecuted. At the very least, this is abrogation of rights under color of law. This just shows once again there's not a lick of difference between the two anti-American parties. Both are working to transform America into a poverty stricken banana republic.
This is what happens when big government interferes in the economy. Instead of competing on price, quality and service, it's easier and cheaper for Time Warner to lobby government to put its competitor out of business. This is the inevitable result of all government interference in the marketplace.
How do you prosecute people for writing legal briefs in support of harsh interrogation techniques? On the other hand, you can't allow this kind of technique to be used to circumvent the law. You can't have some guy write a brief saying electrocuting people is legal, then have a guy electrocute a detainee, and both get away with it. Fortunately, that didn't happen here. But liberals don't care about the law. They'll do it anyway. But if you prosecute them, you have to prosecute the congressmen including Democrats who were briefed and on board with the techniques, imo.
Thursday, April 23, 2009
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