BLAMING THE EVIL BANKS 

As I said ... Obama wasn't willing to put any of the blame on the government for any of the problems we're facing. I guess placing blame on the entity you believe makes America great isn't the right thing to do. For Obama and government fans everywhere the blame rests solely on capitalism and the evil private sector ... especially bank CEOs.

Terence Corcoran is a columnist and editor of Canada's Financial Post. He is one of Canada's leading business writers. Here's an excerpt from a recent column. If you voted for Obama this might mean nothing to you. Then again, you're never too old to learn:

"How convenient it is to blame bankers and CEO compensation for triggering the crisis, especially for politicians and regulators. Charging bankers with greed and incompetence gets politicians and bureaucrats off the hook for what is now clearly a global systemic failure. . . . [I]f the U. S. Fed sets low interest-rate polices, and the U. S. government, through agencies, is promoting and subsidizing mortgage lending, it is not the role of the bank alone to grasp the full systemic risk being created by the incentive structure created by policy. Nor can each individual bank be expected to understand the full range of risks being undertaken by all banks all over the globe. . . . Understanding systemic failure on this scale requires much more than name-calling and cheap accusations aimed at markets and bankers and capitalism in general"

Makes perfect sense to me. Much more so than blaming banks and CEOs for all that is wrong with our economy. Obama loves government. You don't blame your lover for your problems.