Think of this as Volume 14, Number 28 of A-Clue.com, the online newsletter I've written since 1997. Enjoy.
Lately I've grown as angry as the gang at Firedoglake.
It happens whenever I turn on CNBC, or read any business newspaper. There is an assumption that the Obama Administration is "anti-business," "proven" when gazillionaires like Jaime Dimon (right) switch financial support to Republicans because of the FinReg bill.
I think most Americans believe Jaime Dimon and his Wall Street pals should be pounding rocks with Bernie Madoff, not pontificating on TV, and certainly not deciding who our leaders should be. I think most feel the same way about BP chairman Tony Heyward.
I think they're right.
Regulation is not "anti-business." Regulation is crime prevention. A properly-regulated market does not "stifle innovation." It is not "socialism." Imagine Las Vegas without casino regulation. That's today's Wall Street.
A center of the conservative ideology that has ruled this country for a generation is that a law that keeps you from destroying someone with a gun must be rigorously enforced, while one that keeps you from doing the same thing with a pen hurts the economy.
A central tenet of conservative tactics is that you attack someone at their strength, or what they think is their strength.
I think we're on to A Clue here.
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