Obama: ‘Break Out Your Pitchforks And Head For The Banks!’
by Andrew MarcusThe government, starving for streams of revenue, wants to tax major banking institutions under a new regulatory scheme allegedly geared toward reforming the financial industry.
Yesterday (Thursday), President Obama launched a major salvo in his Progressive agenda for (Marxist) reform. Below is a brief excerpt of his statement announcing new banking restrictions, and it’s laced with vilifying rhetoric – complete with threats of pitchforks.
This is criminally brilliant.
- Incentivize and encourage a reckless lending-borrowing environment
- When the loans go south, causing systemic risk, the government forces banks to take government bailout $$, even if they don’t need/want it
- Healthy banks which never wanted the money pay the money back as soon as they are allowed to
- The government vilifies all bankers as greedy profit seekers who owe their very existence to the good grace of benevolent tax payers
- The government knows best what products and services companies should offer, and how much they should charge for those services
- The government rewrites the rules of the market through fiat dictates handed down from on high
- The government shakes down the financial institutions for lobbying related bribes and kickbacks, as those companies vie for a competitive advantage in the re-regulating process/outcome
- The government levies new tax-fees on all financial institutions to pay for all of this valuable new government oversight
- The government’s perfect Progressive leaders and partners, including Dodd, Frank, Waters, Gorelick, Raines, Clinton, the Congressional Progressive Caucus, the Congressional Black Caucus, HUD, Fannie Mae, Freddie Mac, CRA, Obama, ACORN, etc… had nothing to do with the financial collapse we have been experiencing
- Anyone who fights this narrative, or their vilification therein, will face the pitchforks!
We wholeheartedly believe that a reckoning of restructuring needs to occur, but you’ll forgive us our skepticism as to this government’s motives or abilities.
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181 Comments
I believe, if history serves me correctly, that the famous bank robber, Willie Horton was quoted, when asked why he robbed banks, as saying: "Because that's where the money is."
Barracks business model is nothing new.
He knows where the money is, and is doing what is second nature to him: stealing it.
And the market continues its slide into oblivion as Barry O becomes a populist.
just like teflonbama….gotta find some new bad guys
Barry the blithering Keynesian still hard at it!
Well, lets see, this coming from the CEO of Corporation America that has a $13 Trillion debt and a $2 Trillion running deficit, operates with 4 or 5 sets of financial books, is running a printing press to pay it's bills and I almost forgot is unable to perform it's primary functions as spelled out in the Constitution. Mr. President you are not fooling anyone with your feigned attempt to "reign in excess," an excess your political campaign directly benefitted from to the tune of millions, as they say if you can't find the fool in the room look in the nearest mirror.
Obama's torches-up-the-hill run at banks will end in utter failure, as has everything else he's attempted. The guy has a Gorgon's look that turns every initiative into stone. Why? Because he's completely tone deaf. And why is he completely tone deaf? Because he really, really doesn't know – much less understand – the American people. He spent his whole life surrounded by leftist extremists, and can't understand how regular Americans think.
I'm gonna cling to my Bible and my guns.
Is he talking about Fannie and Freddy ?? ya know the ones that get a unlimited checkbook from his sorry azz and 6 figures bonuses and they've lost billons …. Ah the smell of a government business in action ….
All this coming from a President who is now responsible for a government with a $13 trillion debt, a $2 trillion running deficit, uses a printing press to pay its bills, operates with 4 sets of financial books, has made promises to generations of people that the economy cannot possibly support, and is no longer operating under the rules from which it is designed, The Constitution. Well, Mr. President I can see why you are so upset at the banks – they have figured out how to make a profit, motivate their workforce, and scale to the correct size to try to defeat the competition – pity your such a socialist, maybe you would be able to do this too some day?
This is one of the final battles in the war of the free market versus socialist government control. Banking in this country is a mess but it is not a result of not enough government control, it is because of too much of it. When the market is free (of government interference) good decisions see success and bad decisions result in failure. "Saving" bad actors only serves to facilitate more bad actions.
Obama and crew lost their bid to take over the energy industry. They lost their bid to take over the health care industry and even though some success was achieved in taking over the financial industry, they are on the cusp of losing that bid too.
Obama is heading back into campaign mode regarding jobs as a damage control measure. As immigration "reform" is next up on the list, I am left to wonder how he aims to convince the people of this country that amnesty for illegals will be good for job creation for Americans.
Obama – epic failure on all fronts. But hey, that is what happens to those who lie through their teeth trying to be everything to all people so they can win elections. I hope he enjoys his main course of crow and his dessert of humble pie.
Ohh Obama save us from the big bad greedy bankers….you are so strong and mighty!!! And Populist I might add.
(Not)
I had been wondering why the market had been taking such a dive since this week, now it is clear. Congress is talking about raising the debt ceiling something like 1.2 trillion dollars, and Obama is plaing bank bully again.
The frustrating thing is watching my complacent co-workers join in on the witch hunt, while not realizing that Obama is crushing the only thing in our economy that is showing signs of growth. They don't understand that this really does effect them and their retirement savings (which many of them plan on using in the very near future).
I have two conclusions to this madness…Either Obama is imcompetent, which makes him a dumba$$, or he is doing this on purpose, which makes him an A$$ hole. Either way, he's behaving like a Jacka$$.
He should have realized that the School of Zimbabwe business may not work for him…. Also since everyone needs food .. coming to farm near you ….
http://news.bbc.co.uk/2/hi/africa/7906031.stm
It's this kind of talk that has the nation on it's heals. As long as Obama is in office it seems no business will feel safe and therefore will pinch pennies and hold off on expanding. This is why unemployment is so high. As long as our "leaders" in government feel it necessary to stick their noses where they don't belong our economy is not going to get better.
I had been allowing myself to hope that with the talk of the healthcare bill, in it's current form, soon to fall by the wayside and cap and trade all but dead we might soon see some recovery and the banks might loosen up so that construction and growth could resume.
As long as Obama and his cronies continue to attack the private sector we can expect that all businesses will remain in a holding pattern doing just enough to keep the doors open. At least until after the November elections. Perhaps then we might begin to see the light at the end of the tunnel.
I'd go for option two, but it doesn't make him an Equus asinus, it makes him a traitor.
Funny how the Stock Market rose on the Brown Election and now Obam-Mao attacks the Investing Industry. Can't have any real signs of a recovery now can we?
Obama- "When I see soaring profits and obscene bonuses"
I see that as a direct result of free-market capitalism. And they deserve most likely, every penny they earned, that's their right. They have the right to fail, and to succeed with out your help or hinderance.
Obama- "That's why we are going to reign in the excess and abuse that nearly brought down our financial system"
Of course you are. You need to make the necessary changes labeled as reforms, so the next time it happens, you can assure it's a COMPLETE collapse of our financial system, not just a near miss…!
They are not speaking out because they are STILL more interested in staying in office than doing the right thing! Most of what they do is to that end … and we have been so lulled into accepting the status quo that even conservative media talks in those terms … I say if you are not there SOLELY to act in the best interest of the people you represent, you should NOT have the priviledge of the office! I sure hope Brown turns out to be everything he says he is … it sure sounds "right on!"
Sounds like Obama to me. Didn't he just go around the country shutting down GM dealerships that were owned by conservatives and Republicans?
He just wrote the Macs a blank check. Now he's got to force the healthy banks to finance that check.
Europe also told Obama to go pound sand on his bank tax plan.
The only people willing to follow Obama in his new guise as a "populist" will be carrying fondue forks.
http://libertyatstake.blogspot.com/
Very good Cowboy, but it was "Slick" Willie SUTTON………..
$1.9 trillion. But who's counting.
This may be the first thing he has actually done right, now he needs to repeal the Bush tax cuts. Obama to date has been as far right as any Republican in recent memory, and his declining pole numbers are a direct result!
The Kenyan Keynesian……..
This is all on purpose. Don't doubt it.
I think it's all on purpose, it's just that he's so imcompetent he won't even get this right.
Business Insider is reporting that Wall St. has already found loopholes for just about everything and they expect Obama's big idea to ultimately affect MAYBE 1% of business.
So this is a sharade or extreme display of incompetence. But my gut is telling me it's both.
The American people need to break out their pitchforks, torches, and tar & feather machines and head to D.C. Dear leader off on another campaign stop costing the American taxpayer yet more money to tell us what we already know…Americans are out of work and know what we need…and it ain't green jobs, it ain't more foreign workers, and it ain't illegal aliens…it's for big government to get the heck out of the way!!!!
straight from the alinsky playbook. the radicals MUST have an enemy to marginalize, demonize and attack. this is so passe. his game is so transparent, so predictable and so…….. lame. it would be funny to watch this if the stakes weren't so high.
This "HARVARD LAW PROFESSOR" could not run a shoe store……….am losing lots of respect for Harvard Graduates……………..
Thanx.
I knew it was one of those Slick Willies.
Sometimes, too much inconsequential, nonessential material gets floating through my little pea brain. Who was Willie Horton then? Was he the thug that got press during the Bush/Dukhakis campaign?
So if my company and I make money [kinda the reason I go to work], will he be coming after my money? Who's next on his list that he will control? [didn't he say he doesn't want to run car companies-I guess he prefers to run banks. Run them into the ground!]
Are Fanny & Freddy still allowed to make "campaign" contributions to Democrat politicians using TAXPAYER MONEY ?????????????? STOP THE BONUSES WITH TAXPAYER DOLLARS !!!!!!!!!!!!!!!!!
So why don't you explain it. Why exactly is this 'right." Please explain in small words that even we can understand. Thanks.
Yes.
It's a perfect follow up for the tea parties.
Go in front of biggest banks you can find, and rally for the banks!
Don't forget to bring the pitchforks.
For Christians only: "If MY people who are called by My Name will humble themselves and pray and seek My face,and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land." GOD. (2Cor 7:14)
Harvard and Yale use to produce men. This fellow is what they produce now. We are in deep shit. 1 down 3 to go – we are going to make it, our children are counting on us.
For those of you who pay attention to such things, Prince Alwaleed Bin Talal Alsaud has been making the rounds of the business talk shows; Cavuto, Bloomberg, even Charlie Rose. The Prince isn't very happy. In a diplomatic, tactful sort of way, without saying the words, he has basically given Obama a no confidence vote.
He also gave the same vote to Vikram Pandit at Citibank. Told him it was time to deliver.
The clock ticks, the world continues to get nervous. Wait until China starts dumping our debt. The only problem is, who will buy it?
I really think his populist is more ethereal than popular nowadays…
Sub-prime/Freddy/Fannie is a problem but no where NEAR the derivatives bubble problem. What a red herring.
Thanx
Oh GOODY!!! Now the taxpayers can pay another (HIDDEN) tax! You know the drill, fees to cover a SPECIAL ASSESSMENT for Barack Hussein Obama to have more money to control the little people with. We have you figured out Mr President. Enjoy November when you become an official LAME DUCK. Who the hell does he think allows business to make any profit? Does he think the banks have their own money presses? He is too stupid to understand that money is made from providing goods and services sold. How much more does he want to punish the people who so very foolishly elected him?
Yeah, good luck with THAT…
If I had been hung out to dry like the Dims were on health-care reform, I wouldn't even take the Socialist Joker's phone calls….
2010 is HERE, hockey puck…tick, tock,…tick, tock,…tick, tock,…
Very true. However, if the federal government was to "get out of the way" and let the markets and American people handle things on their own, then we wouldn't need all the bureaucrats in Washington. They don't like the idea of them not being "needed". They will continue to justify what ever the gaffe of the week is in an attempt to help secure what the American people think they need. Regardless to the potential (planned or not) disaster that may follow.
These people might be clowns, but their not stupid. And it will be a cold day in hell when they voluntarialy relinquish their power that have fought so hard to steal from us. It will take us, to replace them with people more capable of handling the nations business. Until then things can only get worse.
We wouldn't be in debt to China if not for:
1) the failed theory of "Free Trade" and
2) wars we are waging for Israel
Obama isn't even a blip on the radar, though he is a neocon who is continuing the failed neocon policies of above that got us here.
Pitchforks aren't really a good attack weapon anymore. I think bank security guards could handle that. I just have this thought in my head of BO dressed like Moses riding a donkey with his followers in tow, pitchfork in hand ready to take on the banks like some epic battle between good & evil. Except we are the ones he is really attacking. Who's money is in those banks? Why would I ever want my bank to not pay obscene bonuses to bank presidents who make the bank healthy with a healthy profit. That gives me sercurity & piece of mind that the bank I choose has hired the best man to do the job. When you go after the banking structure other than to tweak a regulation hear or there then so be it. Stop making then lend to those who then have to go back to the government 4 months after they buy their house for mortgage assistance. They are double dipping the system & these types of fraud are going to start showing up. It's really about the profit they can make on the banks who haven't paid their tarp money back or who have & now are expected to pick up the shortfall. Some banks need to fail because of the bad decisions made by that institution.
Actually, I don't think the Obama could make money with a Playmates tote full of burritos at a construction site…which is why NM wants to shut down such kitchen entrepreneurs, no sales tax revenue in it…
Consider what Obama is saying now about the banks. Add to that what happened in September of 2008–the $550 billion run on the money markets that precipitated the financial collapse. Why isn't this event in Sept. 08 being covered/investigated night and day to find out exactly what happened, who precisely pulled that money out, and why? Or do we already know?
No, that's the problem, Obama doesn't know where the money is. This is exactly what you get when you elect someone that hasn't a CLUE about financing. This man has no business sense, period! If people had looked at his experience (lack there of) instead of his prowess as an "orator" (of which I find a joke), they would have seen he is NOT fit to be president. This administration has lead the banking industry to raise fees, raise interest rates on CC and cut back on customer service. When questioning a CC compnay why my interest rates were increased 4 times in the past 10 months, "it's because the responsible people are paying for the irresponsible people." That was a direct quote. The bills passed in the past 12 months were designed to help those that took credit when they couldn't afford it, "get back on their feet" by reducing there interest rates. So, we once again pay the bill for recklessness. I guess it doesn't pay anymore to be "responsible".
Al Bundy, Shoe Salesman would make a better President.
Al drove a Dodge.
I LOVE THIS IDEA…!
BINGO!
NEVER LET A GOOD CRISIS GO TO WASTE………
The prosperity of this country was built on and protected by checks and balances. Adherence to this basic idea is how our Founders and Framers discovered the tenets of the Constitution they created.
Government (read: taxpayer money) as a savior has replaced failure as the check on reckless behavior. Folks that don't care to embrace personal responsibility have scapegoated government to avoid their own.
Only when people stop trying to defer their own responsibility to government, for consequences resulting from their own choices made, will prosperity producing balance return to America and her people.
Why are bonuses given in the first place? Why not simply pay high salaries or hourly wages ( LOL imagine the hourly rate for Jeffrey R. Immelt CEO of General Electric) ? It is a combative action resulting from an oppressive tax code. No matter how this is cut up, it all comes back to government regulation.
It always will be that way too. Think about it, we have more government interference (code called law and case law ruling everything) than we have ever had and things are worse than they have ever been.
The solution is staring us all in the face. Limited government with specific and adhered to boundaries.
So, let me get this straight…
Obozo rushes to protect the banks from financial disaster in 2008-2009, shoving cash at everyone, even those that don't need it…
THEN, when they get healthy and pay the money back, the Obama Obozo then says they're evil, need to be choked off, and send him the money they make…
Does that make ANY sense to normal people, or did he do all this just to make the banks his personal "beeches"…?
GOD, liberal socialists are SO stupid…but I'm not…
Banks: gotta hate 'em! Root canals: gotta hate 'em! Teeth: gotta have 'em…to bite the bankers!
That's already happened. After all, just try to grow more than the government allows, something other than the government allows or to sell outside the approved market collective. Farmers no longer own nor control their land.
Geeze….I've never before known what it was like to be a subject listening to a king.
This guy has delusions grandiose in nature.
gran⋅di⋅ose –
having an exaggerated belief in one's importance, sometimes reaching delusional proportions, and occurring as a common symptom of mental illnesses, as manic disorder.
Cramer slammed Obama again last night, saying that Obama doesn't get that Wall Street and Main Street are really the same.
It's because Obama promised us hope and change, and all we got was the hope. It's not good enough, and is the reason his poll numbers are below 50 percent.
It's text book isn't it?! He had to do this to halt the momentum and keep all his blind followers in line…classic psychology really, worked for past criminally minded/misguided leaders – just pick the easiest target and get the masses riled up
Be careful blaming Obama for down movements in the stock markets. It's a real loser because then you have to give him credit when the markets recover. And you don't want that hanging around your neck.
These bad guys are not new. They pushed the limits of responsible lending and nearly melted down the entire system. They must be re-regulated before this is allowed to happen again.
That was the work of GM. They decided which dealerships were best positioned to compete in the future. The reason it made the news and blamed on Obama is that f o x news morning babe complained publicly when they shut her dad down.
You need to complain to Monsanto about that.
How about breaking out the pitchforks and heading to DC….
They are.
BAH, this is the only good decision Obama's made so far. Paul Volcker is the man. He was the Best Federal Reserve Chair ever and his ratcheting up of interest rates saved the US economy from the Stagflation of the Carter years. Ronald Reagan wouldn't have gotten anywhere without him and the fact that Barry is listening to him instead of Timothy "Blank Check" Geithner shows that Barry is finally showing some common sense.
Mr. Marcus, please spare me your logic that Capitalism = Banks acting recklessly knowing my tax dollars will back them up if they fail. What kind of Capitalist are you?
The banks will not pay these fees borrowers and clients of the banks will.
Obama iw an Idiot of epic proportions!! he tels banks to lend money to spur the economy then levey's a tax on them for doing so.
I can't believe such Stupidity exists in the world. The only people dumber the the BIG stupid "O" are the people who would vote for him again!!
You don't listen too good – I was advocating for carpet bombing then, it is much cheaper and the demolition job is easy to rebuild afterwords.
Real unemployment was 40 percent during the Great Depression, and that was before married women were counted in the job numbers. The goal here is to stay out of a depression which is exactly where we would be were the president were to take blogger advice and try and balance the budget in the middle of a recession.
The thing that got us out of the Great Depression was the greatest government spending program in the history of the world…. WWII. So government stimulus works if you provide it sufficient quantities and stay the course.
Just like Keynes said it would.
LOL. He fits that persona quite well. The other picture I get is of the Wicked witch in the Wizard of Oz when she sends all her flying monkeys (Progressives) out to get poor little Dorothy & her friends. All he needs is the costume & the nose.
As one of the guys who would have had to go perform your "carpet bombing" I can tell you it is a terrible idea to kill innocent civilians in a limited war. And the quickest way to find yourself in an unlimited war is to go around carpet bombing civilians.
By the way, we haven't been in the carpet bombing business since the first Gulf War. And even then we limited our targets to Republican Guard mobilization and staging areas. Satellite guided munitions have pretty much made it a thing if the past. But we still have the bombs and the racks to carry them.
What? Is Obama down to 3 or 4 blind followers now? He really cannot see past his hubris, can he?
It would be a blessing if there were but 3 or 4 followers left – the sheer number of people who define what is happening before their eyes as R vs. D will keep in step with him. In my opinion, it's the tiresome ideology that all rich folks are republicans and therefore evil and greedy, as opposed to the ever-compassionate and kind hearted dems who just want everyone to be equal. Trouble with that thinking, no matter what, someone still has to 'clean the stalls'….
That would be Gretchen Carlson, not babe, are you sexist Mik? I believe her dads dealership were Chrysler, a car is a car right.
That doesn't really explain why Obama is right to put the screws to our banking system like he is proposing, now does it? How about taking a stab at the question: how is this the right thing to do?
FYI, anyone who honestly believes Obama is in any way shape or form even remotely near the right cannot be taken seriously, IMHO.
He's doing all he can to make America his "home" a third-world nation run by communist. He never was and still is not an American even if he was born on American soil. His values are those of Indonesia and the America haters that mentored and raised him. Thanks alot all of you that voted for this schmuck! Give me a Texan any day over this despicable thief.
Somebody throw a bucket of water on him then!
"Free Trade" isn't a "failed theory". We're paying China back for sucking up our debt by importing their goods like mad with no tariffs, while having them buy almost nothing from us.
And you really need to stop the anti-Zionist crap.Seriously. You're a joke here because of that stuff.
So we can kill the enemy in a limited way nicely? No dice. If the United States goes to war it should do so with overwhelming force and a clear goal for victory. If we are not willing to do this we have a moral obligation not to chamber the first round. We cannot continue to fight this "war" in this manner borrowing to buy bullets. We must have a debate in this country are we "all in" to fight islamisc radicalism or are we "all out" – I would advocate and vote for "all in." I know my history; we cannot sustain this fight in this manner. Rome would still be Rome if one could.
The answer to "who will buy it" is "NO ONE", which is why we will be suffering some hella-inflation pretty soon. The Dems are still acting like there's no limit on the credit card. China is getting irritated.
Once the Dems are gone from office in 2012, should we lease them California for a decade or so to repay all the debt?
The fraud won't show up until we get rid of the Dems who are covering up that fraud.
And reason has nothing to do with any of this. It's all about bringing down the system and creating another crisis to be exploited for Socialist's gain.
Years ago I was flipping through channels when I came across a beauty contest where a young woman from Minnesota was playing a violin for the talent portion. She was amazing and went on to win. A couple of months later I saw her again on a talk show where the host pranked her by getting her to read for a product placement… with the third cue card upside down. The audience was in on the fun and she impressed everyone when she tilted her head a bit and never missed a beat.
It was only last year that I learned this woman was Carlson. She is so smart and yet acts so ignorant on that morning news show (with plenty of help from the guys). I believe it is all an act by her to appeal to an audience who values ideological loyalty over intelligence, and is suspect of anyone who appears to be smarter than themselves.
[...] взгляда на последнюю обамовскую идею, справа… 1. Incentivize and encourage a reckless lending-borrowing environment 2. When the loans go [...]
1) What do you propose as an alternative to free trade? It's the only system that ever worked, and we don't even have truly free trade.
2) I'm trying to decide if you're a moron, an anti-Semite, or both.
3) Obama, a neocon? Just when I think you can't make yourself look any worse….
think soros
As Gramdmaw used to say, "He a special kind of a………….."
So democrats push for relaxed lending practices to get under-qualified people into homes they can't afford, Frank & Dodd say Fannie and Freddie are OK after complaints indicate that they are about to be in trouble because of the relaxed lending practices, the bubble bursts, and now democrats want to go after the same banks for making the loans that democrats wanted them to make..Did I get that right?!!
Yes, re-regulated. The Dems pushed the regulations fording all the toxic mortgages, under Clinton. Now they need to undo all that. But what Obama wants to do is turn the banking industry into the Govt's. new Cash Cow that he thought his Health Insurance Reform was going to be, before that started to crash and burn. If they succeed, and start sucking all the blood out of that body – watch unemployment hit 15%.
They were starting recover in spite of him the first time. I think we are safe in assuming they will start to recover in spite of him again.
Yeah but all the money during the Great Depression went to manufacturing jobs that are no longer in this country. The stimulas should have been almost all infrastructure spending and get people back to work. Instead we got the democrats giving money to "loyalists" that gave people raises that counted as jobs saved!
ehehehehehe – Wrong answer. Neither Govt spending or the War ended the Great Depression. Currency devaluation, going of the Gold Standard, and monetary expansion ended the Great Depression.This monetary expansion stemmed largely from a substantial gold inflow to the United States, caused in part by the rising political tensions in Europe that eventually led to World War II. Worldwide monetary expansion stimulated spending by lowering interest rates and making credit more widely available. It also created expectations of inflation, rather than deflation, and so made potential borrowers more confident that their wages and profits would be sufficient to cover their loan payments if they chose to borrow. One sign that monetary expansion stimulated recovery in the United States by encouraging borrowing was that consumer and business spending on interest-sensitive items such as cars, trucks, and machinery rose well before consumer spending on services. Fiscal policy played a relatively small role in stimulating recovery in the United States.
Stan wipes tear away: ( …I was just playing with you Mik, you’d rather slit your wrist that be called a sexist, whether you are one or not.
I'm gonna go wash my pickup truck.
Obama's timing couldn't be worse; “We would have been up huge on earnings today,” Cramer said, “if it weren’t for the president’s decision to downsize the banking system right on TV at the worst possible time for the economy.”
swat
Maybe pitchforks would be of more use on Pennsylvania Ave?
Land of the free & home of the brave. We want our country back!
I am exactly one of those small business owners who is holding back because I have absolutely no clue how to plan for the future, I have no clue what my tax obligations are going to be, I have no clue if I need to change my legal entity status. I don't know what payroll taxes are going to be, I don't know if I will be required to change my employee health care (I pay full benefits now). And it goes up (businesses I serve) and down (businesses that serve me) throughout the business world. I am clueless because our leadership is clueless.
Remember Punch and Judy shows? Now it's live in primetime.
That was another thought I had, that he is loosing so badly in political capital that he must turn to his only hope for a popularity boost…ie, class warfare; which I believe is hardly working for him at this point.
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