Midknight Review -- new and revised: Post Election Obama: I intend to continue using Big Banking for the fall guys on some issues.

Yesterday, Saturday the 26^th, H Obama pledged to continue his fight against fiscally “irresponsible behavior.” Of course, he has no clue, personally, what that means, since he has personally increased out deficit go 60%, but, then, who is counting.

In his weekly radio address, he had this to say:

“Here in America, we know the free market is the greatest force for economic progress the world has ever known. But we also know the free market works best for everyone when we have smart, commonsense rules in place to prevent irresponsible behavior . . . . . . But it’s not enough to change the [financial] law – we also need cops on the beat to enforce the law. And that’s why, on Thursday, I nominated Mary Jo White to lead the Securities and Exchange Commission, and Richard Cordray to continue leading the Consumer Financial Protection Bureau. Mary Jo White has decades of experience cracking down on white-collar criminals and bringing mobsters and terrorists to justice. At the SEC, she will help complete the task of reforming Wall Street and keep going after irresponsible behavior in the financial industry so that taxpayers don’t pay the price.”

Editor’s notes: while some conservatives see this as an evil omen, Jamie Dimon (pronounced “Diamond”) in a Fox Business News interview with Liz Claman, praised White and indicated that, while he is not happy with this Administration, “it is what it is,” and it is time to move. Obviously that is what Wall Street has done, what with its record highs and recessionary recovery.

Understand that the printing of money called "monetary easing" (some 40 billion printed each and every month as of a Fed decision in 2012), the stock market is juiced with this new money, and is in full “rebound mode” when other fiscal categories continue to experience recessionary penalties such as the jobs recession, the bankruptcy recession, the building recession, the manufacturing recession and the foreign policy recession.

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End notes:

Jamie Dimon is president and CEO of JP Morgan, and one of the most respected financial minds in the business.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Post Election Obama: I intend to continue using Big Banking for the fall guys on some issues.

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