Let’s remember who is the President and therefore in charge of Private (oops, I mean Public.) enterprise.
So now private institutions, private industry must bow down on bended knee in front of our President? This was specifically planned against by the founders. George Washington instituted limited terms. We have no king here. Do we have a dictator? a tyrant? If you don’t want to run the banks – let them give the money back.
“These are complicated companies,” one CEO said. Offered another: “We’re competing for talent on an international market.”
But President Barack Obama wasn’t in a mood to hear them out. He stopped the conversation and offered a blunt reminder of the public’s reaction to such explanations. “Be careful how you make those statements, gentlemen. The public isn’t buying that.”
“My administration,” the president added, “is the only thing between you and the pitchforks.”
Hm. So much for restraint and calm. Is the underlying threat is that the pitchforks are at my beck and call gentlemen?