Obama: Wall Street Will Play Less Dominant Role - ABC News

He sure sounds like he's wanting to control the "free market." We all know that, in a free market as is capitalism, the market decides pretty much everything, including how much can be bilked during a CEO contract negotiation. Obama wants to look good politically by saying, "we'll limit those golden parachutes," but he really can't control them. It's not within the power of the government to do so. And if it were, we've got some revolutioning to do.

Just one more step in Obama's march toward government control of everything. Socialism, communism, or fascism? There are features of all of it in Obama's policies. The one thing that's not there is anything relating to a free market. So you decide.

What kills me is that the political lefties from the 60s, whose ideas spawned Obama, demonstrated violently against government control. The hippies, yippies and various other leftist groups from the 1960s believed in free everything, trying to escape any type of governmental control. Many (including Obama's secret advisers, William Ayers and Bernadine Dohrn) actively performed violent terrorist bombings against, among others, the civilian police, in an attempt to prompt a revolution related to ending the VietNam war. Somehow, the irony of using extreme violence on uninvolved people to stop violence out of their control was lost on these groups. Ultimately, the left of the 1960's reversed themselves politically, adopting the desire to control everything through the government and education.

Conservatives moved a little to the left, but pretty much were always in favor of "reasonable" control. The hallmark of the right was the always the US Constitution, which tries to protect the freedom of the individual. Words to recall are "Life, Liberty, and the Pursuit of happiness."

The left remained oppositional to conservatives, today still referred to as the "right," but Republicans, conservatives and the so-called right want far less government, more resembling many features of the 60's left than today's political left. Today's political left has much more in common with Chinese and (failed) Russian communism, and even many facets of Hitler's National Socialist Worker's Party, than anything we've known in America.

Astounding, really.

Obama: Wall Street Will Play Less Dominant Role - ABC News:

"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.

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."