Fascism With A Smiley Face

clipped from hotair.com However, the Fed’s proposed rules have wiggle room: The guidelines would let banks set their own compensation but give the Fed veto power over pay practices that it determines could threaten the safety and soundness of a bank. They would extend the regulators’ reach into pay practices affecting tens of thousands of bank employees, from senior executives to traders of complex securities. Thank goodness the government of Barack H. Obama dodged the temptation to allow the Party — sorry, I mean the State — to own all industries; that would be Marxism (which would presumably thrill Anita Dunce). Instead, the banks and industries will all be privately owned — but the owners will take orders directly from the Party. State, whatever. Such an arrangement is not Marxism; it’s fascism, as classically defined. But with the Obamacle, it’s liberal fascism, fascism with a smiley face.