Letting the Enemy Into the House Via the Front Door

I said "Shame" but apparently, there is no capacity for shame in this matter. Obama is out to stamp down on capitalism and the rights of property owners. As a letter to the editor in the WSJ toady suggests, what is the difference between this and what Putin did to Yukos? Not much. Road to serfdom to be sure. This is a BIG deal. If true as reported, this is pure political thuggery of the worst kind emanating from the highest office in the land directed at the heart of American business in the middle of a recession. And, if true as reported, I can only hope that this creates some degree of revulsion among broad swaths of the American populace that believe in basic rule of law. This is dangerous ground. This is how economies are destroyed. Russia's economy began to crater the day that Putin jailed Khodorkovsky and stole Yukos. It fell into disarray quicker and sooner because Russia is solely a commodity economy, but no matter how large and diversified an economy is, the process of destruction is the same, only its duration is different.

Couple things in this article that confirm what I have been saying all along...1) Obama is no moderate when it comes to the American capitalist system, he wants to cripple it, 2) US business has buyer's remorse, no more so than the finance industry, which miscalculated or somehow let itself get snookered. Your typical Goldman Sachs liberal and Silicon Valley independent let their enemy into the house via the front door.