In a recent interview with ABC, President Barack Obama was talking about the fee that Bank of America believes is now necessary to charge customers because of recent changes to bank card fees imposed by Democrats in the Dodd-Frank bill':
“This is exactly why we need this Consumer Finance Protection Bureau that we set up that is ready to go," he said. "... (petty government bureaucrats) can stop (the fees being charged by private banks) because if (petty government bureaucrats) say to the banks, ‘You don't have some inherent right just to – you know, get a certain amount of profit. If your customers – are being mistreated. That you have to treat them fairly and transparently.”I made some changes- I removed the word 'you' that Obama used and replaced it with what I thought he meant, and I removed the word 'it' and replaced it with what the 'it' was.
As you can see from this statement, the President does not believe that privately owned and operated companies in the United States have an inherent right to create wealth. He believes that wealth did not exist before the government was around and does not exist after government is not around- if Obama and a bunch of hard workers landed on a deserted island that was in a state of nature, he would believe that he would be morally correct to take the fruits of the labor of others since they have no inherent right to what their own labor produces. Obama thinks that government has the right to take from others, whether they created that wealth through their own actions or not, because he thinks that wealth and prosperity is created and sustained by government policies, even though all experience hath shown that this is incorrect.
America was founded on different ideals- our nation was founded on the idea that property existed before the government and will continue to exist after government, and that even in a state of nature with no government, people do have an inherent fundamental natural right to the property that they create through their actions. If a bank charges a fee and gets a profit from this, they have every right to keep that profit, as it is their inherent natural right to create and keep property in our nation, free from government intervention and threats of confiscation. Only in tyrannical governments are the rights of life, liberty, and property not protected, and tyrannical governments then are those which have less happy lives, less free people, and are always considerably poorer in property than those nations which have embraced natural rights philosophy like our founding fathers did.
As we all know, in order to support yourself through reason and stay alive in a society, you must be able to own and use the product of your labor- you must be able to create wealth and keep that wealth in order to live and live free. If the tools of your survival and the products of your hard work are subject to random confiscation by the Obama administration, then your life also becomes subject to possible random destruction- or to put it another way, the tyrannical nature of the Obama administration to target businesses as 'enemies' is making our nation more poor and bit by bit making your life more miserable and less rich in goods and happiness and freedom.
Obama is increasingly by his own statements demonstrating his unfitness for the office of President of the United States of America; 2012 can't come fast enough to get rid of this guy.
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