President Obama is ratcheting up the pressure on Wall Street to back a financial regulatory overhaul winding its way through Congress, telling top CEOs gathered at the White House on Monday that they owe it the American people after receiving hundreds of billions of dollars in government assistance.
“The way I see it, having recovered with the help of the American government and the American taxpayers, our banks now have a greater obligation to the goal of a wider recovery, a more stable system and more broadly shared prosperity,” Mr. Obama said.
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Mr. Obama stressed the need for banks to lend more to small and midsize businesses to help spur job growth, but he said he has no desire to micromanage the sector.
Just like he doesn’t want to control the auto industry with his “Car Czar.”
I have no great fondness for Wall Street or bank CEO’s, but this Washington Post article by Kara Rowland proves the old adage that money always has strings attached. It also proves beyond a shadow of a doubt that Obama has no morals, and will use whatever tools he can to force us all to follow his socialist agenda.
Moral of the story:
The next time someone offers you money and says, “We’re the government and we’re here to help,” remember the story of the Trojan Horse and the truth of God’s Word:
The rich rules over the poor,
And the borrower becomes the lender’s slave.