Mob Tactics vs. Rule of Law

From Heritage Foundations Morning Bell at

“Yesterday’s ‘voluntary’ deal between BP and the Obama administration was nothing less than a continuation of President Barack Obama’s ongoing assault on the rule of law. Capitalism only succeeds if it is a profit and LOSS system. Well-managed firms should have every right to keep their profits, but mismanaged firms must be allowed to suffer losses. By all accounts of what transpired on the Deepwater Horizon, BP is a terribly mismanaged firm. If the damage they caused is great enough, they should be allowed to fail. Failure is a necessary component of capitalism. But this administration refuses to allow the rule of law to work. From Fannie Mae to Freddie Mac, from GM to Chrysler, from AIG to Citibank, our government continues to subvert the established rule of law. This lawlessness creates uncertainty in the business environment, and it is a huge reason why our economy is not recovering as it should be.”

Last night on CNN former Clinton Administration message man James Carville said: “It looks as if President Obama applied a little old-school Chicago persuasion to the oil executives.” Making “offers you can’t refuse” may be a great way to run the mob, but it is no way to run a country.

For those Trivia buffs out there, here is some news you can use.  Ozero’s Hero was Saul Alinsky, author of 1971 “Rules for Radicals.”   He was a well known Marxist Academic turned Radical who was associated with the CAPONE GANG of Chicago.  Just interesting how what goes around seems to come around.

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