Saturday, April 04, 2009
Obama Wants to Control the Banks
IN an article yesterday, Charles Krauthammer assured readers that the recent WHite House forays into running GM and the banks was all a historical mistake, something Obama's not really interested, and that we may rest assured that he will dump them as soon as possible to focus on socializing and federalizing health care and education, respectively, and redistributing wealth through taxes. It seems that Krauthammer was wrong. Stuart Varney reports that the White House is refusing to accept TARP paybacks. Why? Those banks which accepted government money have to do what the government says. Those who accepted TARP money have to accept government control. And many of the banks were in fact forced to take money in the first place, even if they didn't want it. Now, they are being told they cannot pay the money back, even if they can. Mr. Kruathammer thinks that Obama doesn't want to control the banks. The refusal to accept payment for those "loans" shows quite the opposite to be true. Dont' think Obama doesn't know that controlling the banks means controlling the country. He does.