$1.7 Trillion Poorer
Out of context: Reply #24
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- TheBlueOne0
C'mon, I hardly think Obama is anti-business. No one who gets the nomination of any U.S. party can really be "anti-business" (see Kucinich, Dennis and Paul, Ron), although Obama might be for different businesses than currently sit on top of the heap - thus is painted by those at top as "anti-business".
If Obama gets in it's not going to be all progressive rainbows and unicorns. That's a fantasy - both of progressives and as a nightmare as created by the reactionary finnacial right-wing.
All this "new wealth creation" has come out of new financial tools - such as your beloved "hedge funds" which no one really understands so well and are changing month to month in how the tools are used. In other words they, like computer technolgy, are transforming their industry and the society around them and their are no laws about it. Or better put the tools are outracing existing social controls.
Just as technology is redefining serious issues about privacy, copyright and piracy in the legal area (still in massive flux) among others, these new financial tools are racing far ahead of any oversight and/or transparency in monitoring their legal working.
I do think with an Obama administration would seek to bring new oversight tools to this industry, hence the reactionary-knee jerk dismiassl of Obama as "liberal anti-business".