Barone: "Gangster Government"

Michael Barone writes that the latest Goldman Sachs investigation is just another episode in the long-running saga of Obama's "gangster government."

Yesterday came the news — undisclosed by the SEC Friday — that the commissioners approved the complaint by a 3–2 party-line vote. Ordinarily, the SEC issues such complaints only when the commissioners unanimously approve.

Fishy thing Number Three: Democrats immediately used the complaint to jam Sen. Christopher Dodd’s financial regulation through the Senate.

You may want to believe the denials that the Democratic commissioners timed the action in coordination with the administration or congressional leaders. But then you may want to believe there was no political favoritism in the Chrysler deal, too. The SEC complaint looks a lot like Gangster Government to me.

The Dodd bill, however, has it trumped. Its provisions promise to give us one episode of Gangster Government after another.

Read on...