THE OBAMA-DODD-FRANK FIASKO

2 07 2010

Authored by William Robert Barber

Respective of my often made assertion that the Obama administration, along with the majority of Democrats in the House and Senate, is an ideologue of liberal progressive doctrine; noting my declarations that Obama is a socialist whose ideal is a plutocratic style to governing. I am still somewhat baffled by the actions and pleadings of his high-ranking supporters.

Do they so misjudge the cultural norms and existential integrity of the American people that they believe they can roughshod downright stupid legislation into law? Do they really believe they can do such things free of resistance? Do they think they can outrun the federal deficit or even the reality of the rising cost of ObamaCare??

The damage to business productivity incorporated within the Dodd-Frank financial fiasco (the title of a WSJ article dating July 1) is self-evident. Could this legislation possibly be enacted? Are we Americans actually going to allow legislation this counter-intuitive to commercial sensibility to become the law of the land? Realizing that the legislation, though written into the form and content of law, is wholly subjective, it purposefully allows the interpretation of the law’s meaningfulness to a committee of unelected regulators. And those are the regulators that will judge the sum of the law’s effect and result. What?! Are we crazy???

The very people that – by their own direct action – helped to bring about the so-called financial crisis are the authors of this new legislation? Who in their right mind would allow these big government advocates-anti-capitalist leftist the authority to write legislation that is so damming to the very business structure of this nation state? Well, I guess we know the answers…

The Obama administration is anti-business and anti-profit; hence they are anti-sensible. Obama declares many untruths at will, embellishing and misdirecting at his on discretion. He denies his own counter-to-economic viability transgressions by simply stating that it could have been worse. He calls out the Republicans as politicians while acting out his leftist political polemics, and at every given opportunity he blames Bush.

This Obama fellow is acting out his role as president but has run out of viable script. His director/writer must be on vacation because he is slipping in the polls. The producer of Obama the President is only interested in the election of 2010 and 12. The Democratic Party is nervous. But Obama, undaunted, seems to believe in his own mythic invulnerability — or he is lost in the wanderlust of his own quest? It might quite possibly be a combination of both….

There are three distinctively factual realities that if voided would impair American sovereignty, hence America’s leadership role. The first is this nation’s requirement to embrace a consistent policy of always maintaining unmatched military superiority. The second is as the largest most dynamic consumer market in the world. Because our nation buys more than any other in the world, we encourage – almost compel – the sellers to American consumers to buy our debt, invest in our infrastructure, purchase our bonds, real estate, and equities. Such international investment strengthens the business scope and veracity of this nation’s economic platform. The third is the fact that this nation is the most innovative, hard-working, and practical in application, direct to purpose and design business network that has ever existed. It is the American concept of implementing business maxims that has built what is known as the “American Dream”. American business is internationally represented by an amalgamation of sophisticated industries, all servicing the buy/sell needs of an ever more demanding world market.

The Obama administration, pushed and pulled by Dodd and Frank, does not enthusiastically encourage such factual realities; indeed, I adamantly believe that the liberal progressives ideologically founded disdain for profit making, as well as the traditional American expressions of liberty and freedom, restrict their mind-set to accept capitalism as the economic system of this country. Obama believes that capitalism confronts and erodes the power of an omnipotent central government and thus endangers the industry of entitlements.

Such conclusions declared above emphasize even more why these persons of leftist, liberal progressive, socialist persuasion must be detached from power…

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