Saturday, April 16, 2016

Proof The Public Understands the Political Game #Politics

News
The headline below discusses how Obama is playing against popular anger against "the fat cat bankers and "corporate jet owners" by issuing an executive order directing federal agencies to detect abuses such as price fixing and anti-competitive behavior. While the public cheers, they appear to be overlooking the cold facts that Obama Administration has rescinded nearly all the restricting aspects of Frank-Dodd and its biggest donors are none other than fat cat bankers and corporate jet owners.

Or, maybe not. Anti-establishment candidate's 'unexpected' success in 2016 suggests not only understanding that the fat cats own all candidates except for Trump and Sanders (1,2) for but also growing frustration of the political games being played.

Headline: Obama fires another round in the war on business

President Obama came into office railing against “fat cat bankers” and “corporate jet owners.” He’s going out much the same way.

The president’s rhetoric may have softened during two terms in office, but his regard for big business hasn't improvied. Obama’s latest intervention in the economy is a new executive order directing federal agencies to “detect abuses such as price fixing [and] anticompetitive behavior." Once cheaters are found, agencies such as the Federal Trade Commission and the Federal Communications Commission will impose new rules meant to bust up oligopolies, lower prices and save consumers a few bucks.


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