By Wayne Allyn Root
Obama loves bailouts. They are the best thing that ever happened to the radical leftist/socialist cause. When capitalism worked (meaning all of the past 200+ years), radical leftist politicians like Obama couldn't tell Wall Street or banks or developers or auto companies or Fortune 500 CEOs what to do. When CEOs were actually making money, they could (and did) tell the government, government bureaucrats and politicians like Obama to shove off. Money equals independence and individualism. No government bureaucrat could ever boss the captains of capitalism around - not as long as capitalism worked.
But here's the problem: the last year has been the worst year in the history of American big business (as reported in Fortune only days ago). Banks are failing. Public companies are failing. Previously perfect Wall Street stock firms and investment banks are failing. The Big 3 automakers are failing. Big insurance companies (like AIG) are failing. Media companies - from newspapers to television networks - are failing. This was just the opening the socialists needed to not just destroy capitalism, but to literally hijack and take control of American big business. Obama now has virtually the entire business community (and national media) by the balls. If you want his bailout money, you have to play by his rules. Dissent is silenced. Obama is the bosses of bosses, "the capo di tutti capi." Obama now orders CEOs around like the new White House puppy, Bo. [more...]