Leftists have decided that the government arranging (aka: extorting) hundreds of millions of dollars to be transferred from private businesses and to private not-for-profit business via a mind-bending settlement is A-OK with them.
Radical Democrat activist groups stand to collect millions from Attorney General Eric Holder’s record $17 billion deal to settle alleged mortgage abuse charges against Bank of America.
Buried in the fine print of the deal, which includes $7 billion in soft-dollar consumer relief, are a raft of political payoffs to Obama constituency groups. In effect, the government has ordered the nation’s largest bank to create a massive slush fund for Democrat special interests.
BoA screwed up, but this settlement is slimy from top to bottom.
They like it when government controls who gets what. Even more proof is in their unabashed approval of Operation Choke Point.
Operation Choke Point was designed to scrutinize businesses that make it easy to launder money and helps to keep a closer eye on the financing of dangerous terrorist activities. In other words, President Obama is trying to keep us safer by following a trail of cash that could be used to fund acts of terror. This is, according to the Right, another power grab by the Black Socialist in Chief. If only President Obama was a Republican White Male, he would be lauded for his plan to keep tabs on businesses that are often fronts for real shady activities.
There are words to describe this kind of denial of reality, but I am not licensed to diagnose them.
Apparently, the government telling one highly regulated business they will be punished if they interact with another highly regulated business is not fascism on Bizarro World.
Nowadays, the only difference between the Democrats and the Republicans at the national level, is that they simply service different constituencies. Same game, different sets of rent-seekers.