Thursday, February 04, 2010
The mask slips.
Yes, we do need a healthy banking system for our economy to function properly. However, people making tens of millions of dollars a year in said banking system is NOT required for there to be a healthy banking system.
Fully agree...so should we not treat Fannie Mae and it's long list of profligate Democrat managers (who are now multimillionaires) the same as "private" banks????
Should we not treat unionized employees the same as the majority of workers?
Should we not treat all the states of the union equally under Federal law?
The difference between truly reforming a process and selectively exercising power to give the APPEARANCE of reform is the essence of political corruption.
Also known as "Hope and Change".
Like it or Not!
"Obama said. “We’ve got to be the party of business, small business and large business, because they produce jobs.”"
Is this guy clueless, or just playing us? I've wondered which it is, since I first started paying attention to Obama in June 2008. It may not matter.
Stimulus confirmed my worst fears about Obama & Co. Did you know that Michael "Hockey Stick" Mann is getting a $560,000 grant out of Stimulus? We could have funded a million new start-up businesses with what we're presently pissing away. It's the biggest theft in history.
Despite what Obama said at the recent Republican House get-together, we could have had a Stimulus that was half as big, and at least twice as effective. Obama got away with saying that he couldn't find a credible economist to support this claim -- which only means that Obama reached out to Paul Krugman.
Stimulus broke trust with the private sector owner/manager class -- which is anyone who wakes up on a Monday having to meet a Friday payroll. We don't all get 8 figure annual bonuses. Bill Gates is one the hardest working -- and luckiest -- guys out there. Nancy Pelosi has been pissing away the equivalent of Bill's entire net worth each month -- and she's shameless about it.
Obama may just be clueless enough to think that "money" has been hoarded by Scrooge McDucks in their vaults -- that Obama need only spread it around to make the world better. But it always come down to opportunity cost and giving people the right incentives.
The current budget is more of the same -- it's a long-term private sector job killer. If unemployment is over 10% while government is spending an extra trillion dollars .... what happens next? Developing ....