- The Washington Times - Monday, February 2, 2009


The same businesses that begged for bailouts are spending our money frivolously on new corporate jets and $18.4 billion in bonuses, and one Merrill Lynch executive spent more than $100,000 on a new rug and toilet for his office.

President Obama seems to be experiencing buyer’s remorse. In a press conference, he lashed out at Wall Street extravagance and irresponsibility. Yet take a look at the latest stimulus plan. Where is the “restraint” and “discipline” there?

Mr. Obama’s tirade against Wall Street could just as easily have been directed at himself. The president and Democratic leadership have a pattern of rewarding America’s biggest ethical offenders with federal money. Since 1987, his party has helped Planned Parenthood rake in more than $3.2 billion in taxpayer dollars. Now the president’s reversal of the Mexico City policy and his promotion of “family planning” programs will ensure that they get millions more.

Meanwhile, Planned Parenthood, much like Wall Street, has been implicated in its share of taxpayer abuses, which include in 2008 alone: at least $180 million of alleged fraud in California and Florida; statutory-rape cover-ups in Indiana, North Carolina and Illinois; documented racism in at least seven state branches; and medical deficiencies that led to the closing of California and New Jersey clinics.

Mr. Obama called for Wall Street to “start acting in a more responsible fashion.” Mr. President, why not start by showing the Wall Streeters how?


Ponte Vedra Beach, Fla.

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