President Obama spoke the most revealing and clarifying 10 words of his control-freak administration this week: "I think at some point you have made enough money." Peddling financial regulatory reform at a rally in Quincy, Ill., Obama then ad-libbed peculiar definitions of what he called the "American way" and the profit motive: "(Y)ou 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."Okay, so how much is too much?
Here is another problem for the President that not many people have considered. Remember when the President said that he wanted to add taxes to people making more than $250,000 a year? If you limit the ability of people to make more than say $250,000, then where is the President going to get his tax revenue?
Methinks the Obama Administration is a bit confused about the concept of "making too much money."