* APRIL 4, 2009
Obama Wants to Control the Banks
There’s a reason he refuses to accept repayment of TARP money.
By STUART VARNEY
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I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but clearly that money has not been wasted or otherwise sunk down Wall Street’s black hole. So why no cheering as the cash comes back?
My answer: The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control. And for this intensely political president, mere influence is not enough. The White House wants to tell ‘em what to do. Control. Direct. Command.
It is not for nothing that rage has been turned on those wicked financiers. The banks are at the core of the administration’s thrust: By managing the money, government can steer the whole economy even more firmly down the left fork in the road.
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It’s all about taking the county socialist. He was rated the 100% liberal senator. He has no other skill than manipulation.
We will never recover from this enormous debt he’s putting on our posterity.
Like Lincoln, Wilson, FDR, Johnson, and Clinton, he’s taking us where we can’t get back from.
The American Experiment has failed.
Where will the new Revolution arise from?
When do the People again take to the barricades to fight for Freedom and Liberty?
Obama made a joke or threat to the Bankers saying “I am the only think between you and the pitchforks.” I’d take care Mister Politician. When the People get out the pitchforks as few of us my come after the Politicians and not the Bankers.
Beware the Devil’s bargain. And, the gooferment is that devil.
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