Dr. Obama Does Economic Heart Surgery

In his speech yesterday at Federal Hall in New York's financial district, President Obama, speaking on the financial crisis, proposed what he called "the most ambitious overhaul of the financial regulatory system since the Great Depression." But if Wall Street is to the economy what the heart is to the body, this legislation is like open heart surgery. It is no work for mechanics or butchers, nor for herbalists and conjurers. Yet, he openly boasts that he is entrusting this task to the most anti-capitalist, anti-business, socialism-first-and-prosperity-second Congressional leadership this country has ever seen. It is for good reason that they are universally distrusted outside the hard-line, ideological left.

Here President Obama in his introductions before the speech draws special attention to one Congressman in the audience: "he is going to be helping to shape the agenda going forward to make sure that we have one of the strongest, most dynamic, and most innovative financial markets in the world for many years to come--and that's my good friend, Barney Frank."



If "Barney Frank" is how the President summarizes what he means by "strong, dynamic, and innovative financial markets," then we need an interpretive key like this for understanding his speeches: "War is peace; freedom is slavery; ignorance is strength." Think of Democratic "health care" reform in that context.

Sen. Jim DeMint spoke at The King's College yesterday saying some of the things he says here regarding the socialistic direction of the administration's reforms. Watch his FoxNews interview here.

His book is Saving Freedom We Can Stop America's Slide Into Socialism.