Divert and Conquer

"They want what every first term adminstration wants: a second term."
--Ritter (Clear and Present Danger)

Grandstand of the week was President Obama's proposed tax on bank exec bonuses. The president continues to blame the banks for our economic probs and he wants tax payers to get 'paid back.'

Blaming banks, of couse, deflects away from root causes of our probs. Demonization is a common political tool, a smokescreen, meant to divert public attention from the fact that current remedial actions are soaking the public (grab hold of FDR's 1933 inaugural address for some deja vu).

How can you tell that the president's entire train of thought is bogus? Mr Obama suggests that banks were too leveraged and took undue risk. What has been the government's response to this situation? Levering up and taking more risk.

The political tactic is to blame someone else for their actions but then perpetuating the same behavior.

Am hopeful folks are starting to wise up to this ploy.