As a case in point of my previous post, "Shock and Awe", here are 3 items that have hit the news cycle in just the last 24 hours.
1. Chrysler executives, in the midst of bankruptcy and facing the poor public relations that generally accompany it, decided to spend $134 million in advertising over the next 9 weeks. But the federal Auto Task Force, chaired by President Obama, (who incidentally has never run a business and held only one private sector job) concluded that was too much and will allow Chrysler to spend only $67 million. That's right, THE FEDERAL GOVERNMENT is making executive decisions for a a major corporation in the private sector. Apparently only tax dollars are suitable for squander.
2. President Obama is personally speaking with the credit card industry and "urging" them to make specific changes that he has outlined to their practices. He wants them instituted by Memorial Day.
3. Administration officials have proposed controls and caps on salaries paid to banking industry officials. Even those that have not received any money from the government.
Obama must be making them "offers they can't refuse".
It reminds me of a famous poem that I have slightly revised here:
They first came for the schools,
I didn't speak up because it was convenient.
Then they came for the wealthy,
and I didn't speak up because I wasn't wealthy.
Then they came for big corporations,
I didn't speak up because I wasn't an executive,
Then they came for the gun owners,
and I didn't speak up because I wasn't a gun owner.
Then they came for our religious heritage,
and I didn't speak up because I wasn't religious.
Then they came for me —
and by that time no one was left to speak up.
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