Does President Obama truly believe that he can castigate and condemn Wall Street on Monday's, Wednesday's and Friday's and then secure its cooperation on the other days of the week?
Does he not understand that when he ignites a public furor over AIG bonuses and then incites Congress to pass a punitive tax, he sends shivers down the spines of every other corporate executive that makes a lot of money?
Does he seriously believe that Wall Street investors will not worry that their winnings should they join the Treasury as partners in risky investments, would be subject to public abuse publicity and confiscatory taxation?
Of course he realizes that his rhetoric makes it unlikely that his program will succeed. He obviously gets it that the entire concept of public-private partnership is impossible amid a climate of waging class warfare, taxing the rich and heaping contempt on anyone who makes money.
Rest here by Dick Morris---from The Hill
