Freedom Line Blog

How’s this for unadulterated, sanctimonious chutzpah:  “Top Obama Aides Upbraid Wall Street.”

So announces a Washington Post headline, discussing the harsh criticisms leveled by Obama Administration officials against Wall Street firms.  But consider this:  if Wall Street executives ran their firms and kept their books the same way that the federal government does, they would be in jail until their dying days.  Or consider how Obama and his apologists promised that if his “stimulus” plan was passed, unemployment would top out at 8%.  Well, it’s now at 9.8% and rising.  If a Wall Street CEO made similarly fatuous promises to unwary consumers, the resulting onslaught of class action lawsuits would descend faster than a Swiss avalanche.

Yet there was David Axelrod on ABC’s This Week, labeling Wall Street behavior “offensive” and admonishing them that “they ought to think through what they are doing.”  Perhaps, but nobody should take that advice more than officials of an administration that is taking an already-dangerous fiscal situation and making it positively deadly.  Too bad there are no righteous trial lawyers who can do anything about them.