Surprise: The Democrats are Tearing Down Big Business Again?


Seeing China’s role as the leader in manufacturing and refusing to allow the Yuan to float is seen by some as predatory, so as stated by Princeton’s Professor Paul Krugman. But I ask you, how is that different from the Republican rich in America, who if given the opportunity, would stop at no end to expand their business to the point of monopoly, despite the rules of the SEC or world-wide opinion. By convention, they view it simply as strength.

President Barack Obama today in a press conference in the wake of the banking industry’s recent government bail-out, blatantly exhorted governmental control to prevent any one bank from being able to exert enough control over an entire national economy again. Tell me if I’m wrong, but isn’t that what the Securities and Exchange Commission is supposed to do?

I’m sure the employees of the SEC have had the easiest job in the government for last eight years or more. By doing nothing, they have gained whole-hearted support from the Republican leadership. No doubt the agency budget must be minuscule, lest they run amuck, slashing big business into smaller ones.

But, alas! As of today, I’m sure they are jumping to their feet and dusting off the computer systems and ancient policy manuals and wondering what the agency’s mandate is all about. The president seems hell-bent on making them go back to work, after all.

Do I see a new appointee on the horizon for the coming new-and-improved agency to be? No doubt, a complete reformation of the organizational chart will be the order of the day and, of course, an ample new budget, a blank check, if you will, providing such an ambitious endeavor is still a possibility in the recently-leveled Congressional playing field.

How much change will actually be implemented in the Obama administration is now a toss of the coin, a bet in Vegas, or a prediction by the psychics at this point. Bluntly, it’s up in the air as it’s anyone’s guess, Nobel-Prize winning economist or bar room darts player. Agreement in the American government in the near future on anything will be seen as nothing less than a miracle.

C-Span ratings will no doubt fall to a new record low as the government is stymied in petty party politics in the coming months, while the economy continues to crash in the manufacturing sectors of the US, all while China has the last laugh.