If you’ve been paying attention to the news, you’ve probably heard about Goldman Sachs and the possibility of getting hit with fraud charges from the SEC. Some (and I’m one) believe that this is an orchestrated attempt by the Obama administration to make the banking and finance industry look really bad in the eyes of the American people. Why? The timing, of course. Obama is getting ready to hit the road to start peddling his version of financial reform.
Think about this: the five SEC commissioners are presidentially appointed although no more than three can belong to the same political party. However, the SEC is not required to consult with the president. In any case, the timing couldn’t have been more perfect for the Obama administration. (Obama has repeatedly stated that he didn’t know the SEC was going to file charges against Goldman Sachs. Yeh…right.)
It’s no secret that Obama was “in bed” with Goldman Sachs. GS contributed almost $1M to Obama’s campaign. Now, with fraud charges being filed, wouldn’t the president want to distance himself as far as possible from GS? And betcha by golly wow…he’s able to show the American people that we really do need finance reform! I mean, look at those bad managers at GS that attempted to defraud investors. They can’t be trusted! Obama is now effectively able to kill two birds with one stone: 1) He’s using this to distance himself, and he’s using this to push his agenda which brings me to my main point.
The following is from the FAQ (Frequently Asked Questions) section of the DSA’s (Democratic Socialists of America) website ( http://www.dsausa.org/pdf/widemsoc.pdf ):
Further down the FAQ page, we see:
Now, isn’t Obama from Chicago, and isn’t Chicago big on labor unions, and wasn’t a lot of backing that Obama got during the campaign from LABOR UNIONS?
I’m sorry…I know that I’m not as educated as the Harvard academia types, but I was instilled with good old common sense from an early age. If it smells like BS, if it looks like BS, and if it feels like BS, then it’s probably BS. Obama can repeatedly say that he’s not a socialist as many times as he wants. His actions tell another story.
He tells us that we need finance reform. This is going to be another push for more governmental regulation, and at the same time, he will attempt to further paint capitalistic institutions as demonic in the eyes of Americans. Think about healthcare reform. It was basically the same thing. There was talk of even creating insurance cooperatives.
Obama isn’t wasting any time. Just as Neil Armstrong took one big step for mankind on the moon, Obama is taking several big steps for socialism right here at home.
