ECNN

President Obama spoke the most revealing and clarifying ten words of his control-freak administration this week: “I think at some point you have made enough money.” Peddling financial regulatory reform at a rally in Quincy, Ill., Obama then ad-libbed peculiar definitions of what he called the “American way” and the profit motive: “You can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy.” (more…)

It’s hard to feel sorry for Goldman Sachs. The investment bank has tremendous wealth and political power. I support efforts to break up such institutions, and I find it interesting that Democrats with ties to the big banks are often the same ones who argue that bank-busting won’t solve anything.  Nevertheless, the recent campaign against Goldman is an astonishing display of political gamesmanship. It’s a clear effort to blame the financial crisis solely on the big banks. Summoning the Goldman team to prostrate themselves before Congress today is part of that effort. Don’t let Carl Levin fool you: We’re all responsible for the financial crisis. (more…)

Not one of its major programs has gotten started, and already the wheels are starting to come off of Obamacare. The administration’s own actuary reported on Thursday that millions of people could lose their health insurance, that health-care costs will rise faster than they would have if the law hadn’t passed, and that the overhaul will mean that people will have a harder and harder time finding physicians to see them. (more…)

On March 27, the Christian Science Monitor published an article (“Defending due process for Guantánamo detainees”) extolling the virtues of the attorneys who have rushed to the defense of the detainees. It portrays the attorneys as engaging in a noble defense of “due process” rights in the face of widespread threats and criticism. Undoubtedly the attorneys have faced criticism from some corridors, but for the most part they have been lionized in the press, leading to hopelessly skewed media coverage in which dangerous jihadists are presented as lambs and the U.S. military and government as villains.  (more…)

While President Obama assails the culture of greed and recklessness practiced by the men of Goldman Sachs, his administration is infested with them. The White House can no more disown Government Sachs than Da Boss–in–chief can disown Chicago politics. (more…)