I hope he's right, but it sounds like trickle down "therapy" only because all the big guys are getting the immediate bailout/breaks - and the hope is this will save jobs - eventually (eventual = trickle down).
Obama admits they are not sure it's going to work and WILL need more $$$$ - already.
On the other hand, the banks are getting recapitalized to save housing for those who were overextended. And as long as banks do what they are suppose to do, that part should work - and reward those who should not have overextended. Reward lousy businessmanship. Running a family is a business unless you didn't get the heads up. It's warm and fuzzy, but it's still a business. Oh? You say we made them victims of greedy brokers? VICTIMS?? Sheesh.
I hope it works. Can't say I see anything in there for those who have done a good job. Like you and me. Don't need it, do we.
Although I think he thinks he's right, he reminds me of a person who buys land (the presidency) with almost no knowledge of agriculture then a saleman says that he needs a tractor to be a good farmer. You get to tear up the land but you need to plant something. Need to know the lay of the land and climate and a few other things. Instead of going out and buying a tractor to stimulate your land with its good looks. The tractor - the shiny paint looks great sitting out there on the land. But it needs a knowledgeable driver. Then you need water and someone to buy your product and transportation and all the things that an independent businessman and woman KNOW through economic battery already - they know failures - that eventually led them to success.
A nation living on handouts is not one swelling with pride (the little train that could) it is one of begging, one with their tail between their legs - and I don't necessarily want to see that - us go to China (who knowingly poisions us, the ocean, its people, its everything) begging to get economic traction. How soon are we going to lose all pride and be subjugated by another nation(s) way of life. We are already so tied up and intestinally bound by political correctness - hey, wait - that's what led to the housing crisis! Letting people have what they think they are entitled to. We were so politically correct in that thinking....that everybody deserves a home. We let some organization with its own agenda push lenders around - like China will do us if we go there. Catch 22. And if you think China is going to lend us money - or back our paper - and ALSO encourage us to build our own manufacturing plants so we can buy American, I have a coupon to a shrink for whoever buys that picture.
Its the same reason we don't have a wall between us and Mexico - we need their oil and they need to send their population here to "farm" dollars back to them (money from USA to Mexico is Mexico's second largest industry - oil is the first). This is why we don't have a disciplined farm worker program - which is needed.
That's where this is leading - if we're not there already. Catch 22.
President Obama can blame Bush for everything up to the days the stock market plummeted thousands of points: - when the stimulus package began to be viewed with a jaundiced eye by the nation and Wall Street. It is the people with money - people like you - that helps create jobs - not the people on welfare (God bless them but right now our asses are on fire and we need to get them off welfare or if they don’t belong here put them where they do belong. The state of California, with its 47 billion dollar deficit, can immediately lose 20 percent (that's twenty percent) of it by doing something with its illegal aliens - that is just one example and like everyone who watches the news knows, California leads the nation in just about everything . Want that in your state? Twenty percent drained away? TWENTY PERCENT!!! For California that’s about 9 Billion dollars every year.
Please recall that although Bush “inherited” the terrorist mess from Clinton, like a man and a gentleman warrior, Bush never said ONE WORD about what he inherited from President Clinton. He didn’t Blame Clinton for 9-11. He didn't say one word about inheriting a CRISIS and a small pack of terrorist that grew their ideals into a global war. NOT ONE WORD!! Yet all the new administration can say is, Crisis and Blame and Inherited. Crisis, Blame, Inherited. Crisis, Blame Inherited. That is what a scared bureaucracy sounds like. That is how this one is beginning to function.
The Obama administration is setting up the American people to accept their failure (if it should fail) via "the previous administration’s fault". How unbelievably nonadult:. And put this one in the pipe, too: buracrates are not particularly good at making money for us. Only spending it. That equals taxation no matter how you try to over-exercise it. Or you can go the other route and print money. So buy stock in an ink factory if you believe it. And you think inflation is great.
I really hope I'm so completely wrong. I really do. I want this President to be so, so so (really, I do) successful but not by making us beg from the world market to feed ourselves. Shame on us if we do.
And one more thing, President Obama: It's easy to say you are no longer going to have a "no bid" situation for military contracts in Iraq - especially when the conflict has been solved for you. The last thing we wanted to do there was go through a lengthy bidding process with the Senate and Congress taking vacations, weekends off, fillibustering, lobbying - and having American men and women get shot to death all the while. While each state fought over which state was going to get the bid.
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