QUINCY, IL (YBH) – President Obama told an audience in Quincy, Illinois yesterday that “I do think at a certain point you’ve made enough money.” The President was in Illinois pitching the Democrats’ financial reform bill, among other topics.
Mr. Obama’s full quote “We’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy.”
The President didn’t name a figure as being “enough,” however the implications of the government deciding when a private citizen has made “enough money” are chilling. The remarks are sure to come under fire from conservatives who fear that Mr. Obama’s agenda is reaching too far into the lives of American citizens.
YBH! wonders if the President is hinting at a Federally-mandated “maximum wage.” Chilling indeed.
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John Romano is the publisher and editor of Yes, But However!, a musician, a former political correspondent for BBC Radio London, and a serial web entrepreneur. Follow him on twitter: twitter.com/yesbuthowever or John Romano on Google+John Romano article archive.
