Our Marxist Leader

Last night, with the passage of the financial reform bill, United States President Barack Hussein Obama declared "victory over Wall Street". Obama announced triumph over the vehicle most Americans use to grow their nest eggs, whether as individual investors, with stocks in their pension funds, or in 401(k)s and Roth IRAs. Obama celebrates as he vanquishes American capitalism as we have known it. The United States financial markets were already amongst the most regulated institutions in the world. Were there failures in oversight? Certainly, lax performance at the Security and Exchange Commission allowed Madoff to keep on stealing, but laws against that were already in place- they just did not enforce them until billions had been systematically looted. But because one meal prepared at home is bad, sane people do not burn down their own kitchen.