I just wrote a comment on another's post and thought to build upon it. So, lets start with the comment...
Should the bailout money continue? Should the AIG bonuses be re-paid?
It is the old Catch22. If the banks, and insurance companies such as AIG are allowed to go under, everything will stop. There won't be money to lend to the middle and lower income households, nor wages to be paid nor anything. I am not saying it is the trickle down thing that has to be done, NO, NO NO!
The bonuses should be repaid the bad mortgages bought up and redistributed to the people who need to stay in their homes, it is the galloping greed that has to stop. I remember when I could get a house in Laurel Canyon for $87 a month, In the 60s, granted, but it fit in with wages and the economy then. Now, if you want to buy up there you are talking millions of $ for choice hillside property.
You can't just give the bail-out money to people who need it, not in cash anyway. You know as well as I that if you suddenly got a cheque for hundreds of thousands of dollars, before you paid down the mortgage you might want to buy a plasma TV or a car or take a vacation... I think Obama and his crew, if he sorts through the ingenuous ones, will get this thing right; just don't panic nor attempt to rush things. What needs to be done will be done, but the ones that decry Obama's plans only hurt matters and it will take longer or not be complete. Good things come to those who wait.
After 8 years of nothing being done by Bush and Cheyney; but run up the deficit in a useless and illegal war, Obama is putting EVERYTHING out on the table that needs to be done and will have to fit this jug-saw puzzle of ambitious goals into time and space.
If you think about it, 60 days in office and all these needed issues are being laid on the table to get taken care of in order of importance and order of feasibility.
When Bush took office, he went on a holiday to Crawford, Texas and left the work up to others, others who took over.
Advantage 'them'.
In fact, if you count up all the unofficial holidays G.W. took at his ranch, he wasn't minding the store at all. Not surprising, as until he became Governor of Texas he had failed at every venture, school, service, any job, even ones bought for him by his father. He was constantly being bailed-out, as-it-were, by his elders, whether it be for cocaine use in college, DUI's in Maine and elsewhere. He was a Texas good ole boy! He made it to the White House, under-handedly, he was surrounded by his father's cronies, who handled the boy to their own desires and creedos. It is shameful. But there it is!
Now, comes to office a decent, hardworking and dare I say it INTELLIGENT leader.
Obama has seen both sides of the issues, he comes to the helm, a man who has the education to understand what needs to be done and the purpose and resolve to do it.
He is not a career politician, which is what this country needs. He has seen the corruption and now is in a position to do something about it. We all talk, he does.
So now, he has proofed the policies, the issues, and intends to tackle each and every problem in due course. He may seem overly-ambitious to most of the people not in his inner circle or in the government at large, but remember, they are used to nothing being done, now they have to work for their money, health care and pensions.
It is not business-as-usual any more. We can't afford to be. The politicians who thought to coast along till their terms are up, politically and as humans with a life span, have to face the problems of those who would come after them. Have to back off the high-on-the-hog mentality that has plagued this planet into near oblivion what with the economy, environment and energy issues. Move forward to making a better world even if starting from scratch is an uncomfortable upheaval at first. Out of chaos comes order, but the old ways have to break down first. That is what is happening now and everyone is panicking. Don't panic, help out!
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Comments: 20
I just wished to say one thing Georgiana, in a most polite way, this is a political article that I specifically said I don't accept into my group, Anythingwriting . So, I hope you understand.
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Great article, Georgiana
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During his push to get his plans passed he went on national TV defending the earmarks he said he'd stop, by stating that we shouldn't let disputes about less than 10% of the bill distract us from this "important" work. Yet now he and his cronies, after ensuring that his campaign contributors have gotten amply rewarded, is letting less than 1% of their share of the bailout distract us from this "important" work.
All the while throwing money at the banks and investment houses with NO strings attached. Institutions which produce NOTHING, they shuffle money and skim their portions. But for institutions which actually produce something they have to go begging for scraps with all kinds of strings attached.
Our grandchildren will be cursing us as they struggle to pay off the debts we've run up because we have neither the brains nor the guts to make hard decisions. But if it's any consolation we have the government we deserve, as evidenced by the polls.
You have you head stuck somewhere if you think he is business as usual. You got too used to the maneuvering and dishonesty of the bush Administration, orchestrated by Cheyney and all the crooks of Enron, Halliburton and so forth. Obama is just cleaning up this mess as best he can!
The Republicans do not have a leader, they are every-man-for-himself and screw the little guy. No good Republican since Eisenhower, I remember those times!
Obama is not business as usual, he accelerating the rate at which America is going broke. He's accelerating the amount of money and political payoffs (with taxpayer dollars) leaving the federal government. That's cleaning up the mess like throwing screened top soil over regular dirt is.
Yeah, Bush and his cronies had their problems, but keep in mind that Bush couldn't sign anything into law that Congress had not passed. A Congress that had a Democratic Majority for over 3 1/2 of the 8 years Bush was in office, including the last 2 years. So both sides carry their share of the blame and this mess started way back in the Clinton administration.
He is your president now, so suck it up! The sane people in this country had to bend over and take it from bush and cheyney all these years. Your turn!