JPMorgan CEO Jamie Dimon…said that JPMorgan would seek to return public funds as soon as possible. Good news for the taxpayers right Apparently not because Obama immediately challenged Dimon saying “This is like a patient who s on antibiotics. Maybe the patient starts feeling better after a couple of days but you don t stop taking the medicine until you ve finished the bottle.”
His antibiotic analogy…was particularly instructive, given his plan for massive health care reform. Obama said it himself. The patient should not decide when to stop taking medication. It is part of a mentality that believes people need government to make decisions for them, including how and where to spend their money. And in the case of private enterprises, Obama evidently envisions the federal government as the system’s physician, with the power to let certain companies die and certain survive.