Wednesday, April 28, 2010

Goldilocks Capitalism

RedStateVT watched some of the testimony of various Goldman Sachs executives before Senator Carl Levin yesterday. It’s always a hoot watching sanctimonious politicians pontificate before the cameras. Levin noted how Goldman had made billions on its mortgage trades; well it seemed like billions of times. All of which somehow reminded us of previous hearings on the AIG failure. So it seems like Dems don’t like corporations to either make or lose billions of dollars. Which is kind of how they want the world to work, e.g. no winners and no losers, everything even, all outcomes pre-ordained.

On the topic of Goldman Sachs, we are apparently supposed to believe that it was entirely coincidental that the SEC brought charges against the firm and that the hearings were scheduled right as Obama and the Dems pitch financial reform. Is this transparent attempt to influence public opinion the transparency that Obama talked about?

Up to His Eyeballs
“We are as vulnerable as we are today in the waning days of April 2010 as we were in the fall of 2008,” said Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the banking committee, who is the primary sponsor of the bill. “Nothing has changed, except, of course, jobs have been lost, homes have gone into foreclosure, retirement incomes have evaporated, housing values have declined.” (NYT, 4/27/10)


RedStateVT reminds readers (once again) that Dodd is effectively being run out of town, in no small part due to his sweetheart mortgage deal with Countrywide. He hopes you forget. We won’t let that happen.

Street Fight
Why is Obama waging such unprincipled war on the tea party people? Because, at last, the Republicans have come up with an activist base to counter the ravages of the likes of Acorn and Moveon.org. The GOP is coming up with a ground game and it scares the daylights out of the Democrats. (Dick Morris, 4/20/10)

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