Campfire Blog
The Washington Examiner’s Tim Carney writes that the Obama administration, following the lead of the Bush administration, is using the”The Supply-Chain Finance Guarantee Program” to benefit big banks and big corporations who spend millions on lobbying:
“If you ask the Wall Street Occupiers, it’s capitalism and the free markets that drive banks’ booming profits. If you look more closely, it’s venture socialism.”
Read Tim Carney on how banks are profiting from “venture socialism” (1.5 pages 727 words).
No telling how far back this goes. Frankly I’m only interested in the complicity of the current White House occupant who pushes these balls further down the road than all the rest combined. In many respects this is the ‘Personal Presidency’. Mr. Obama knows how to pay back his supporters and is not bashful in doing so. It is Big Government at work but there is a face on it. We have elections; let’s vote on this.