According to Gregory of Yardale at moonbattery.com:
77% of investors see Obama as anti-business and only 27% have a favorable opinion of him.
In contrast to the trust fund socialists and stark-raving lunatics who claim that Chairman Zero is not at all socialist and is in fact some sort of pro-capitalist stooge of big business, people who actually work and make money for a living by huge margins recognize the anti-business fervor of his administration. 77% of investors see Obama as anti-business and only 27% have a favorable opinion of him.
Chairman Zero was railing against banks yesterday with a passion and a zeal conspicuously absent on those rare occasions when he discusses fighting terrorists. He claims banks must be punished for not lending to small business, when in fact, it's his own massive deficits that are sucking money out of the private sector.
Bankers are responding to the incentives generated by the economic policies of the Treasury and the Federal Reserve. First and foremost is the Fed's policy of near-zero interest rates. What this means is that banks can raise short-term money at very low interest rates and buy safe, 10-year Treasury bonds at around 3.5%. The Bernanke Fed has promised to maintain its policy for "an extended period." That translates into an extended opportunity for banks to engage in this interest-rate arbitrage.
You see, what these mom's-basement-Trotskyites won't admit is that bankers aren't lending to small business because it's more profitable to loan money to the Fed, which Chairman Zero uses to hire more bureaucrats... the only growth sector in the economy.
