Business climate of fear

A must-read concerning the climate of fear the administration is creating in numerous fields. Read it at Business and Media: 

“The new and proposed regulations will remove every competitive advantage of the community bank, and make every bank identical, forced to operate exactly as does Bank of America,” he explained. “Then, absent competitive opportunity, all of the independent banks will be greatly de-valued and handicapped. They’ll be vulnerable and easily rolled up into the handful of remaining giants … the small bank’s wealth made into fresh food for the insatiable hunger of the big banks’ deficits and losses. This is, I and others believe, the next step in Obama’s plan to take total control of the financial system and money supply, a requirement of dictatorship. “

 

What is most significant about these statements is the person making them. This is not some freak like the fellow Mel Gibson portrayed in the movie “Conspiracy Theory.”. He’s not somebody stockpiling food in a cabin hidden away in the woods, to escape to when anarchy erupts. Not anybody you would expect to hear express such thoughts. And he’s not a lone voice.

 

Another friend is the CEO of a mid-sized company that had been on an impressive trajectory of growth for the past three years but is now stalled. He and his advisers have reversed their viewpoint in the last few months. They are eager to sell the company if possible now rather than later. Why? They believe Obama is deliberately, systematically destroying the economy as a whole and is specifically targeting small business for extinction – because it’s too difficult to exercise dictatorial control over millions of small enterprises.