The Blame Game

This is a long time part of American politics (politics in general). It is interesting to note that the world is facing the largest economic crisis in a couple of generations yet nobody is responsible. Instead, they are all blaming someone else for what occurred.

Let's review. George Bush was President with Dick Cheney serving as his VP. There was Alan Greenspan as head of the Fed before being replaced by Ben Bernanke. Christopher Dodd is the head of the Senate Finance committee. And Barney Frank was the one responsible for overseeing Frannie and Freddie. Finally, Barack Obama was elected on Nov. 4th, taking office on Jan 20th.

What is amazing is none of these people is responsible. Here is an article in which Dick Cheney says that the blame doesn't lie with the Bush Administration. He believes that since it is a worldwide recession that someone else is responsible.

Let us be clear: government played a large part in this crisis. Interests rates were sent to an all-time low to avert the recession after 9/11. This, along with the approved easing of lending requirements, caused the housing bubble. Frannie and Freddie were pressuring banks to buy the paper while entering a state of total collapse. Of course, we cannot forget that Congress passed the CRA in the 1990s which established the subprime market. Finally, the regulatory agencies were completely out to lunch the past 10-12 years. This allowed the devious to operate unabated.

Yet, we hear how "it is not our fault". All these politicians should be in jail. They are corrupt as well as inept. If you cannot imprison them, then perhaps we need capital punishment. There has to be some accountability to the American people. How about if our elected officials actually had something to lose. Do you think they would behave differently if their corruption resulted in execution? I think it would have some impact.

The bottom line is that we cannot trust these incompetent boobs for anything. Half of them are not qualified to work as meter maids let alone occupying the powerful positions they do. It is time they all were removed.

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Bailout or Bankruptcy

Do you remember what I called "the end around" that George Bush pulled on Congress in December when he bailed out the automobile manuafacturers to the tune of $17 billion?"  Well, it seems the money didnt not fix anything at all.  Now, General Motors is giving the Obama administration an ultimatum: give us money or we will file bankruptcy.

To me, this seems like an easy one for Obama.  After the rough couple of weeks he had, he needs a soft one.  His decision ought to be left the company file bankruptcy and work it out there.  The government need not mess with this situation.  Jobs in that industry were already lost due to the slowdown over the past few years.  Some more might be lost but in the long run, more will be created.

The automobile manufacturers have nobody to blame but themselves for the mess they face.  A systemic failure is not possible like with the banking industry.  Someone will built cars for us.  It might be Ford, Chrysler, or Toyota.  There are plants in this country, just some are located outside of Detroit.  Unions are partially responsible for their plight.  Yet, management missed the total shift in consumer demand.  Let them float downstream together.

Is this what Obama is going to do?  Of course not.  He is on his knees beholden to the unions.  He already signed 4 executive orders which were extremely union friendly.  Now, he is going to give them billions more to prevent the unions from losing their power.  Dont worry.  When you blast through almost $800 billion without a single person in Congress reading the bill, what is another few billion.  

If Obama goes this route, it will be just another sign of what a terrible administration this is going to be.  He is showing that he is a pansy when it comes to leadership and intent on creating a nanny state where all Americans are weak.  Dependence upon the corrupt government, that is Obama's goal.  

He must be stopped.

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Bailouts: It Keeps Getting Better

The Treasury with Paulson at the helm is at it again. It was bad enough that the Socialist-in-Charge Bush gave billions to the automobile industry out of the $700 billion initially slated for the financial industry. Now, according to a report on Bloomberg, the Treasury can "provide funds to any company they deem important to making or financing cars".

Whoa. Hold on here gunslinger. Did I read that properly? Of course I did. This is "Bailout U.S.A." headed by those who want to be Santa Claus. We are now at the point where I think Starbucks is going to be able to make a point of being bailed out. After all, cars cannot be made, shipped, or sold unless there is plenty off coffee available. Without coffee, the entire industry will collapse, taking the economy along with it.

For weeks pundits were asking "where does this all end?". I am at the same point. Is it too early for us to proclaim the capitalistic system dead? Nowhere in my study of capitalism did I ever encounter the principle where the government decides who survives and who fails. Perhaps I was absent that day in school.

If you are getting tired of my sarcasm here, good!!! This gives you an inkling of the anger and frustration that I feel each time I read this garbage that the government is doing. Do they morons realize this is our money they are playing with? The US taxpayer is on the hook for every dime that is spent. While the executives of companies are having their parties or the Union is supporting their golf course, we are stuck paying a huge bill to fund this insanity. Again, where will it all stop.

The initial $700 billion was sold to Congress as a way to save the nation's financial system. Now, the money is going elsewhere. A few weeks back I wrote that Paulson should be tried and hung on the White House lawn. Since that time, the list expanded. Bush needs to go up there with him since he deems the US Treasury his own piggy bank. All the members of Congress who voted for this bailout are at fault since they put no stipulations in there to protect the taxpayer. This includes John McCain and the Socialist-Elect Barack Obama. String them up also. Every single one of these people are failing at their task to be good stewards of the American people's money. It is time we start to get serious with the corruption.

Benedict Arnold is known through history for being a traitor to the United States. Sadly, what he did pales in comparison to the damage the above mentioned "leaders" are presently doing. It is to the point where "treason" is not too strong a word.

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Bush The Socialist

George Bush, not Barack Obama, will go down as the President who started the trend towards Socialism. It was under his command that the largest government intervention took place. Who would have imagined even this time last year that the Federal government would have controlling interests in the banks with the possibility of acquiring stakes in the automobile manufacturers. To those who believe in the principles that made the United States the world leader, this is nausiating.

The Bush Administration will be known for their incompetance. They failed miserably in leading this country. Everywhere one looks, there are signs of another failed Bush nominee. The latest revelation regarding Madoff once again shows how the SEC was non-existent. At the same time, Paulson is running the Treasury like it is his own personal checking account. These two entities are at the heart of the financial mess.

Now we get Obama. I give him credit; he doesn't hide his Socialistic beliefs. He never denied his high regard for the Marxist professors in college. Obama is a believer in big government. He also thinks it is the only entity which can solve problems. Sadly, he is completely mistaken. The governments track record is one of failure. This is the latest in a series of programs that do not work.

What went largely unnoticed (or ignored) by the mainstream media is that Bush gave oversight to foreign entities at the recent summit with the other world leaders. Now, they can probe into United States insitutions to decide if we are operating properly. This is a radical move towards a world government. I do not believe this is what the Founding Fathers had in mind. Welcome to the New World Order.

So, what can we expect to have happen? Have faith that no matter what Obama and Congress set forth, it will not work. They are trying to solve economic issues by throwing money at it. We have seen this movie before. By this time next year, life in America will be radically different. If you want to see what it is like, go look at England or France. This is the model our respected leaders will follow.

Socialism is on the agenda and we have George Bush to thank for starting that movement. Another 60s child bites us in the ass.

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