Federal Government to be 50% of Economy?

(AP report in italics)


WASHINGTON – Wall Street is not going to play as dominant a role in the economy as regulations reduce "some of the massive leveraging and the massive risk-taking that had become so common," President Barack Obama says.

So, what will be playing a dominant role in the economy? The Federal Government? The same entity that can't balance its' own budget? This is supposed to give us "renewed faith" in the economy? Perhaps the Federal Government staying out of where it does not belong would achieve that end (as it always has in the past).

The changes in the role of Wall Street and the huge profits that came from that risk-taking could mean other adjustments as well, Obama said in an interview in this week's New York Times Magazine.

Like what? Taking from those entrepreneurs that do risk and giving the rewards of that risk to those that don't risk? This country is founded on risk taking, that is what makes it great, not the protection of an Obamessiah nanny state.

"That means that more talent, more resources will be going to other sectors of the economy," he said. "I actually think that's healthy. We don't want every single college grad with mathematical aptitude to become a derivatives trader. We want some of them to go into engineering, and we want some of them to be going into computer design."

Who does he think he is? Where in the Constitution does it give him the right to assign what career path anyone will take? Frankly, the American people don't give a damm what Obamessiah says about, or wants to inflict on our private lives. That is beyond his purview. And they wonder why 50% or more of the country is really pissed off and even talking about secession.

The Obama administration is trying to restore more regulations on the financial sector to avoid some of the risk-taking that helped cause the current economic problems.

"Restore more regulations" humm? Introduce more wealth killing new regulations would be more accurate. Risk taking is what built this country, Obamessiah polices, protectionism, and redistribution of wealth are what will tear it down.

"Wall Street will remain a big, important part of our economy, just as it was in the '70s and the '80s," he said. "It just won't be half of our economy."

So what will be 50% of our economy? The Federal Government?!? You think is is oppressive now, just wait until it is bloated to 50% of our economy. Think it is expensive now? Just wait until Obamessiah is done with it.

Obama said he expects that government efforts to fix the economy will cause long-term changes.

Yes it will, and one of the biggest changes will be hard left National Socialism.

"What I think will change, what I think was an aberration, was a situation where corporate profits in the financial sector were such a heavy part of our overall profitability over the last decade," he said.

Here is where the Obamessiah shows that he does not have a clue about the economy or the "evil corporations". Guess what "O", corporations are people, they are investments in their futures that they have a right to be left alone to either participate or not at their choosing, not yours. They are a right of free association. What you are doing is locking in a class system here in America, where it was a fluid system before, allowing both upward and downward movement. You will have it static, you are attempting to remove a main factor of the engine of democracy with one hand, while the other oppresses and/or takes the rights of the people in a blatant attempt to make the Federal Government an "all powerful" entity in American's lives. "O" you are a sickness that seems to rear its ugly head just about every other generation. "O" you are the sickness that the leftest/statest in the public education system hide the history of, hoping that it will turn out differently this time. With the Obamessiah in charge, National Socialism will work this time.

Obama said he's confident that people will regain trust and confidence in the financial system, but he believes it will take time.

The American people will never regain trust in a system that is run (illegally) by the Federal Government. Witness their faith in Social Security, or something that IS the Federal Governments job; Protecting our borders from being crossed by ILLEGAL ALIENS. Yeah, I want them in charge of the economy and healthcare and everything else in my life that requires one bit of thought or decision making or risk taking on my part. I need the government to show me a safe way to a safer safety. I need more committees in my life. I need more committees making decisions for me. I know that when seconds count the police, thank God, are only minutes away. I'll be so much healthier and safer with more government in my life!

"I think it's important to understand that some of that wealth was illusory in the first place," he said.

Really?!? Ok, give me your money, after all, it is illusory, isn't it? And we have to "spread the wealth around" now don't we Obamessiah?

Rest assured, that when you come to my door to take my rights, to inflict your socialism, or your brownshirts are enforcing "thoughtcrime", and I don't speak "newspeak" expect me to fight back.