A week ago Dick Morris concluded that Obama was incompetent when it came to financial policy, economic recovery planning and credit rescue efforts. But upon reflection Dick has determined that Obama is crazy like a fox. He told Sean Hannity last night that he’s thought about it a lot, and has concluded that Obama actually wants his financial plan to fail. – at which point he can claim that he and his administration have tried everything short of seizing control of the banks. A failed financial rescue plan will allow him to nationalize the banks as a crucial step in advancing his socialist agenda, according to Dick.
I thought he might have had a nip to many before the show.But today I think he might have had a fly on the teleprompter as Obama and Geithner discussed toxic assets. As reported in the Washington Post:
The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document....
Nationalization of the entire financial system! That clever fox.
I swear I didn’t think I’d live to see the day when Obama and Rush Limbaugh are on the same page, but apparently now they both want the O to fail.
No sleep again tonight.