rucusincruc
Super Moderators
Registered: 12/29/08
Posts: 40
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| | 03/25/09 at 06:41 PM | Reply with quote | #1 |
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I wanted to offer my opinion on the Presidential News Conference from last night. It took me a while to comb through my thoughts and sum everything up. I had some mixed feelings.
First of all, while I have always felt that SOMETHING needed to be done to save our financial system, I never had any thought in my mind that dumping buckets and buckets of money into the hands of inept managers was the answer to the problem. I never believed that feeding the greed of political pigs through excessively added "pork" was conducive to remedying the financial crisis in America and the World abroad. I have always taken a stand against the government on bailouts in respect to the ridiculous amounts of money that has went into them, only of which a small percentage of went to actually doing anything that was even close to a "fix". I still stand firm on my opinion of that, and I still am very much set against big government spending proposals.
While I am on the subject of this all let me touch more on the AIG bonuses which were discussed a little again last night. Mr. Obama was asked why he waited two days after this became public knowledge to come out and make a statement against AIG for paying these bonuses out, to which he replied "because I like to know what I'm talking about". Okay, fair enough. Shouldn't you too like to know what it is you're signing when it comes across your desk? The bailout that Mr. Giethner gave AIG stipulated that these bonuses were allowed to be paid, and YOU signed that Mr. President. You signed that without even reading it. What service is that to the American people? And had not there been public scrutiny, you would have no doubt let this go unchecked. How can America have faith in your abilities when you display ineptness in your own actions? Regretfully, you are the face of America right now. Don't get the wrong impression here because I'm not set that anyone else would be doing any better. I'm just sick of corruption in politics. You "fine class" of people are supposed to be protecting the freedoms and liberties of us "common folk". Instead you allow your greed to pollute our system and bring it to it's knees. All of your decisions ultimately fall on us, the taxpayers, to clean up. We will give credit when credit is due for any decision that turns out to be a good constructive one. Oh, and by the way, I'm not waiting two days after the conference to post this either.
In regards to government regulation of businesses to ensure solidarity and prevention of future collapse of our financial system, I offer this. I have always felt that there should be some form of checks and balances when it comes to bigger corporations. I have always felt that the scales weren't always balanced quite right. But this is a tricky subject, because I have also always believed that there should be no limitation on what a person earns, for those that actually work to earn what they do. I do not believe that lazy people should get free rides on the backs of the real laborers in this country. Those that work hardest should earn the most, period. Professional athletes for example are way over paid in my opinion, but it's a private enterprise, so it's not for anyone else to regulate. I think we need to be careful in this regard, because too much regulation creates a lack of enthusiasm and drive. I do not for one second think that the government should be able to come in to a corporation, take control and just do whatever they wish to do. What should be done is something along the lines of what OSHA does to monitor safety in work places. A set of standards should be devised that corporations should follow: business ethics and practices. There should be auditors that randomly visit companies, look over the books, ect. and if there are any violations the company should face fines or some other penalty. They shouldn't have to hand the keys over to Big Brother. This would ensure that the footing of these companies is solid and there is no risk of financial collapse. This would have worked fine in the Auto industry, the Banking system, and Insurance and Financial advisement firms. This would have prevented people like Bernard Madoff from bilking billions from innocent investors. This should have been done years ago.
Now today we find our government riding the coat tails of destruction of generations past. Outwardly they try to blame the whole mess on past administrations, an inherent mess, yet the new mess they are piling on top of the old one is going to make things ten times worse in the long run. No one is focusing on the bigger picture. Everyone is hurting and everyone wants a fix right now. So do I, but today for the heck of it, I did what my Grandfather always told me to do when I wanted something that seemed unattainable. I wished in one hand, well you probably know where I'm going with this.
You know, I as an individual wouldn't mind paying a little bit more in taxes to lift us out of this recession. People call for tax cuts, and I agree with that too. Tax cuts should be offered, but not to the working class. Tax cuts should be brought to the business of America so that they will have some incentive to keep work here in the country rather than going somewhere where the tax rate IS lower. Our people need to work, and if there is no work here than how can they? Oh yeah, by spending TRILLIONS of dollars to create jobs like fixing roads and stuff like that. Duh, my bad. I think any real American wants to see the guy next door doing just as good as the next guy. Any real humanitarian would offer their hand to help those that fall get off the ground and back on their feet. This country is all about prosperity. Capitalism is a good thing. Free market is necessary. Thanks for the extra thirteen bucks a week in my paycheck buddy, but seriously, if you had taken 20 or 30 more from me and everyone else for a year or so, you probably wouldn't have had to increase our deficit by trillions more. Then you might have actually been able to cut the deficit in half like you said you would. Good luck with that, and good luck to the guy that has to clean up your mess in four years. I feel somewhat sorry for you, but not really. Your lack of success is your own fault. Be a leader, not a follower. If you want to clean house, maybe you should start with your own Mr. Obama.
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Rob Smead
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