Some of Barack Obama’s biggest – and most generous - backers have now begun the painful process of realizing just what hope and change they paid and voted for – and are beginning to hope they can avert that change before it is too late.
Wealthy Wall Street financiers and other business figures provided crucial support for Mr Obama during the election, backing him over the Republican candidate John McCain as the right leader to rescue the collapsing US economy.
But it is now dawning on many among them that Mr Obama was serious about his campaign trail promises to bring root and branch reform to corporate America – and that they were more than just election rhetoric.
A top Obama fundraiser and hedge fund manager said: “I’m appalled at the anti-Wall Street rhetoric. It was OK on the campaign but now it’s the real world. I’m surprised that Obama is turning out to be so left-wing. He’s a real class warrior.”
Chris Edwards of the Cato Institute, a free enterprise think tank, said Democrats in Congress were unnerved by the president’s latest plan to raise $210 billion over 10 years from multinational corporations.
The money is needed to pay for a national debt that will double over the next five years; and triple over the next 10 years to $17.3 trillion. But the crackdown already faces fierce Democratic resistance.
Personally, I’m not all that impressed with their reasoning skills if they couldn’t figure this out until they saw the mob with pitchforks at the gates. But then, Moe Lane councils staying away from “I told you so’s”. Which seems a reasonable position to take.
One could, of course, point out the Democrats took control of both houses of Congress following the 2006 elections. A year later, the US economy entered a recession. Two years later the economy hit the wall. A few months after that, Barack Obama unleashed the mother of all spending sprees with no way to pay for the insane spending.
Let’s see if there is any ability of former or soon-to-be former Obama-backers to reason through that chain of events to the logical conclusion.
Saying that Washington is spending like a drunken sailor is an insult to drunken sailors. They stop spending when they run out of money. Obama and the Democrats do not.
But the bills will still come due, the piper must be paid for all that fun dancing at the gala Obama spendaholic ball.
When the “free” health care and the Carbon Crap and Tax – oh, excuse me, Cap and Trade – begin to bite at the economy, that is when real damage will begin to accrue to the system. That is when the average people will begin to be crushed under the increasing costs of everything. Literally everything.
So, welcome then to reality – not the echo-chamber reality where hope and change is enough. The reality where someone has to pay for all of this. And it will be you, your children and your grandchildren.
“I’m surprised that Obama is turning out to be so left-wing.”
Maybe this guy should sue the MSM for fraud?
People can counsel staying away from the ‘I told you sos’ all they want. The simple fact is that we did tell them – over and over again. We told them beofer the general election campaign when he was just another candidate, during the general campaign and we’ve been telling them on an almost daily basis since the election. It’s just beginning to dawn on them now that he actually may have MEANT what he has been saying for his entire public career? I have no sympathy for them. They are about to reap what they have sown. Unfortunately,the rest of us will be sharing the same bitter harvest!